Skip to content
Back to announcement

AnnualReport2023-MPMF-att1.pdf

Other Text extracted MPMF

Source file signed link, expires in 15 minutes

This browser can't display the PDF inline. Open it in a new tab.

Extracted text 289

Page 1
accelerating
innovation
for further
growth
mempercepat inovasi
bagi pertumbuhan
yang berkelanjutan




                      Laporan Tahunan
                         Annual Report   2023
Page 2
SANGGAHAN DAN BATASAN TANGGUNG JAWAB
DISCLAIMER AND LIMITATION OF LIABILITY




Laporan tahunan ini memuat pernyataan kondisi keuangan, hasil       This annual report contains statements of financial conditions,
operasional, proyeksi, rencana, strategi, kebijakan, serta tujuan   operational results, projections, plans, strategies, policies, and
JACCS MPM Finance Indonesia, yang digolongkan sebagai               objectives of JACCS MPM Finance Indonesia, which are classified as
pernyataan ke depan dalam pelaksanaan perundang-undangan            forward-looking statements in the implementation of the prevailing
yang berlaku, kecuali hal-hal yang bersifat historis. Pernyataan-   legislation, except for historical matters. These statements have the
pernyataan tersebut memiliki prospek risiko, ketidakpastian,        prospect of risk, uncertainty, and can result in actual developments
serta dapat mengakibatkan perkembangan aktual secara material       that are materially different from those reported. Prospective
berbeda dari yang dilaporkan. Pernyataan-pernyataan prospektif      statements in this annual report are based on various assumptions
dalam laporan tahunan ini dibuat berdasarkan berbagai asumsi        regarding the current and future conditions of JACCS MPM Finance
mengenai kondisi terkini dan kondisi JACCS MPM Finance              Indonesia and the business environment in which JACCS MPM
Indonesia pada masa mendatang serta lingkungan bisnis di            Finance Indonesia conducts business activities. JACCS MPM
mana JACCS MPM Finance Indonesia menjalankan kegiatan               Finance Indonesia does not guarantee that the documents that
usaha. JACCS MPM Finance Indonesia tidak menjamin bahwa             have confirmed their validity will provide the expected results.
dokumen-dokumen yang telah dipastikan keabsahannya ini akan
memberikan hasil yang diharapkan.


Laporan tahunan ini memuat kata “JACCS MPM Finance Indonesia”       This annual report contains the words “JACCS MPM Finance
dan “Perseroan” yang didefinisikan sebagai PT JACCS Mitra           Indonesia” and “the Company” which are defined as PT JACCS
Pinasthika Mustika Finance Indonesia yang menjalankan kegiatan      Mitra Pinasthika Mustika Finance Indonesia that carries out
usaha di bidang pembiayaan. Penyebutan satuan mata uang             business activities in the finance sector. The denomination of the
“Rupiah”, “Rp”, atau “IDR” merujuk pada mata uang resmi Republik    currency unit “Rupiah”, “Rp”, or “IDR” refers to the official currency
Indonesia, sedangkan “Dolar AS” atau “USD” merujuk pada mata        of the Republic of Indonesia, while “US Dollar” or “USD” refers to
uang resmi Amerika Serikat. Semua informasi keuangan disajikan      the official currency of the United States. All financial information
dalam mata uang Rupiah sesuai dengan Standar Akuntansi              is presented in Rupiah in accordance with Indonesian Financial
Keuangan Indonesia.                                                 Accounting Standards.


Laporan ini disajikan dalam dua bahasa yaitu Bahasa Indonesia       This report is presented in two languages, Indonesian and English.
dan Bahasa Inggris dengan menggunakan jenis dan ukuran              The languages are easily readable, typed with sizes of letters in
huruf yang mudah dibaca dan dicetak dengan kualitas yang baik.      the best quality of print. In the event that there is any difference
Dalam hal terdapat perbedaan penafsiran informasi dalam Bahasa      in interpretation of information in English with information in
Inggris dengan informasi dalam Bahasa Indonesia, maka informasi     Indonesian, the information used as a reference is the information
yang digunakan sebagai acuan adalah informasi dalam Bahasa          in Indonesian.
Indonesia
Page 3
   Ikhtisar Kinerja | Performance Highlights     Profil Perseroan | Company Profile    Tata Kelola Perusahaan | Corporate Governance
                                                  Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                Kinerja Keberlanjutan | Sustainability Performance
                                               Management Discussion and Analysis




TEMA
THEME

                                      ACCELERATING INNOVATION
                                        FOR FURTHER GROWTH




Walaupun kondisi ekonomi berada dalam tren pemulihan di tahun 2023, namun kondisinya
masih dianggap cukup menantang, khususnya bagi industri multifinance. Oleh karenanya,
untuk meningkatkan daya saingnya, Perseroan terus berupaya mengakselerasi inovasi agar
dapat menghasilkan produk dan layanan baru yang berkualitas tinggi serta dapat memberikan
nilai tambah bagi para pelanggan. Dengan demikian, Perseroan dapat mewujudkan
pertumbuhan kinerja yang lebih baik di masa depan, serta meningkatkan kontribusinya bagi
seluruh pemangku kepentingan.

Despite a recovery trend in the economic context in 2023, the conditions remained
quite challenging, especially for the multi-finance industry. Therefore, to increase its
competitiveness, the Company continued to accelerate innovation, allowing it to produce
new products and services that have high quality and deliver added value for the customers.
Thus, the Company will manage to achieve better performance growth in the future, as well
as increase its contribution to all stakeholders.




                                                                                         PT JACCS MPM Finance Indonesia
                                                                                      Laporan Tahunan 2023 Annual Report                   1
Page 4
                                                                               accelerating innovation for further growth



DAFTAR ISI
CONTENTS


                                      Sanggahan dan Batasan Tanggung                Kegiatan Usaha                            35
                                      Jawab                                         Business Activities
         IKHTISAR                     Disclaimer and Limitation of Liability        Keanggotaan pada Asosiasi                 37
         KINERJA
     5   PERFORMANCE
                                      Tema
                                      Theme
                                                                               1    Association Membership
                                                                                    Perubahan yang Bersifat Signifikan        37
         HIGHLIGHTS                   Daftar Isi                               2    Significant Changes
                                      Contents                                      Struktur Organisasi                       38
                                                                                    Organizational Structure
                                      IKHTISAR KINERJA                              Profil Dewan Komisaris                    40
         LAPORAN                      PERFORMANCE HIGHLIGHTS                        Board of Commissioners' Profile
    15   MANAJEMEN                    Ikhtisar Kinerja Keuangan                6    Profil Direksi
                                                                                    Board of Directors' Profile
                                                                                                                              46
         MANAGEMENT REPORT            Financial Performance Highlights
                                      Pelibatan Pihak Lokal yang Berkaitan     8    Komposisi Pemegang Saham                  53
                                      Dengan Proses Bisnis Berkelanjutan            Shareholder Composition
                                      Local Community Involvement in the            Struktur Kepemilikan Saham                54
                                      Sustainable Business Process                  Shareholding Structure
         PROFIL                       Ikhtisar Kinerja Saham dan Aksi          8    Informasi Mengenai Pemegang Saham         56
    27   PERSEROAN                    Korporasi
                                      Highlights of Share Performance and
                                                                                    Utama dan Pengendali
                                                                                    Information on Majority and Controlling
         COMPANY PROFILE
                                      Corporate Action                              Shareholders
                                      Ikhtisar Obligasi                        9    Entitas Anak, Perusahaan Asosiasi, dan    56
                                      Bonds Highlights                              Perusahaan Ventura Bersama
         ANALISIS                     Ikhtisar Kinerja Lingkungan              10   Subsidiaries, Associates, and Joint
         DAN DISKUSI                  Environmental Performance Highlights          Ventures
                                                                                    Kronologis Pencatatan Saham               57
    67 MANAGEMENT
         MANAJEMEN                    Ikhtisar Kinerja Sosial
                                      Social Performance Highlights
                                                                               10
                                                                                    Share Listing Chronology
         DISCUSSION AND               Penghargaan dan Sertifikasi              11   Kronologis Pencatatan Efek Lainnya        57
         ANALYSIS                     Awards and Certifications                     Other Securities Listing Chronology
                                      Peristiwa Penting Tahun 2023             11   Lembaga dan/atau Profesi Penunjang        57
                                      2023 Significant Events                       Pasar Modal
                                                                                    Capital Market Supporting Institutions
         TATA KELOLA
                                      LAPORAN MANAJEMEN                             and/or Professionals
         PERUSAHAAN
    93 COPRORATE                      MANAGEMENT REPORT                             Sumber Daya Manusia                       58
                                                                                    Human Resources
         GOVERNANCE                   Sambutan Dewan Komisaris                 16   Teknologi Informasi (TI)                  62
                                      Message from the Board of                     Information Technology (IT)
                                      Commissioners
                                                                                    Informasi pada Situs Web Perseroan        65
                                      Laporan Direksi                          21   Information on the Company’s Website
         KINERJA                      Report of the Board of Directors
         KEBERLANJUTAN
    167 SUSTAINABILITY                PROFIL PERSEROAN
                                                                                    ANALISIS DAN DISKUSI
                                                                                    MANAJEMEN
         PERFORMANCE                  COMPANY PROFILE
                                                                                    MANAGEMENT DISCUSSION
                                      Identitas Umum Perseroan                 28   AND ANALYSIS
                                      General Identity of the Company
                                      Informasi Perubahan Nama                 28   Tinjauan Ekonomi Global dan Nasional      68
         LAPORAN                      Information on Name Change                    Global and National Economic Review
         KEUANGAN
    191 FINANCIAL                     Sekilas Perseroan
                                      The Company at a Glance
                                                                               29   Tinjauan Industri Pembiayaan
                                                                                    Financing Industry Review
                                                                                                                              69

         STATEMENTS                                                                 Tinjauan Per Segmen Usaha                 71
                                      Jejak Langkah                            30
                                      Milestones                                    Review of Business by Segment
                                      Visi, Misi, dan Nilai-Nilai Perseroan    32   Tinjauan Keuangan                         76
                                      CorporateVision, Mission, and Values          Financial Review
                                      Skala Usaha                              34   Kemampuan Membayar Utang                  83
                                      Business Scale                                Debt-Paying Ability
                                      Wilayah Operasional                      34   Tingkat Kolektibilitas Piutang            83
                                      Operational Area                              Receivables Collectibility Rate
                                                                                    Struktur Modal                            85
                                                                                    Capital Structure




      PT JACCS MPM Finance Indonesia
2     Laporan Tahunan 2023 Annual Report
Page 5
    Ikhtisar Kinerja | Performance Highlights             Profil Perseroan | Company Profile          Tata Kelola Perusahaan | Corporate Governance
                                                           Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                               Kinerja Keberlanjutan | Sustainability Performance
                                                        Management Discussion and Analysis




Ikatan Material untuk Investasi Barang          85    Kebijakan Nominasi Dewan Komisaris       116        Kebijakan Anti Korupsi                          157
Modal                                                 dan Direksi                                         Anti-Corruption Policy
Material Commitment for Capital                       Nomination Policy of the Board of                   Kebijakan Pengendalian Fraud                    158
Expenditure                                           Commissioners and the Board of                      Fraud Control Policy
Investasi Barang Modal                          85    Directors
                                                                                                          Kebijakan Penerapan Anti Pencucian              160
Capital Expenditure                                   Kebijakan Remunerasi bagi Dewan          117        Uang, Pencegahan Pendanaan
Perbandingan Antara Target dan                  86    Komisaris dan Direksi                               Terorisme, dan Pencegahan
Realisasi Tahun 2023                                  Remuneration Policy of the Board                    Pendanaan Proliferasi Senjata
Comparison Between Target and                         of Commissioners and the Board of                   Pemusnah Massal
Realization in 2023                                   Directors                                           Policy on Anti-Money Laundering,
Informasi dan Fakta Material yang               86    Hubungan Afiliasi antara Anggota         119        Counter-Terrorist Financing, and
Terjadi Setelah Tanggal Pelaporan                     Dewan Komisaris, Direksi, dan                       Counter-Proliferation Financing of
Keuangan                                              Pemegang Saham Utama                                Weapons of Mass Destruction
Material Information and Facts                        Affiliation between Members of the                  Kebijakan Pengadaan                             163
Subsequent to the Financial                           Board of Commissioners, Board of                    Procurement Policy
Reporting Date                                        Directors, and Majority Shareholders
                                                                                                          Pemangku Kepentingan                            163
Prospek Usaha                                   87    Komite Audit                             120        Stakeholders
Business Outlook                                      Audit Committee
                                                                                                          Permasalahan yang Dihadapi Dalam                165
Proyeksi di Tahun 2024                          88    Komite Nominasi dan Remunerasi           124        Penerapan Keuangan Berkelanjutan
2024 Projection                                       Nomination and Remuneration                         Issues Faced in the Implementation of
                                                      Committee                                           Sustainable Finance
Aspek Pemasaran                                 88
Marketing Aspects                                     Komite Pemantau Risiko                   129        Akses Informasi Perseroan                       165
                                                      Risk Monitoring Committee                           Access to Company Information
Kebijakan Dividen                               90
                                                      Komite-Komite di Bawah Direksi           132
Dividend Policy
                                                      Committees under the Board of
                                                                                                          KINERJA KEBERLANJUTAN
Realisasi Penggunaan Dana Hasil                 90    Directors                                           SUSTAINABILITY PERFORMANCE
Penawaran Umum
                                                      Sekretaris Perusahaan                    135        Strategi dan Pendekatan Keberlanjutan 168
Use of Proceeds from Public Offering
                                                      Corporate Secretary                                 Sustainability Strategy and Approach
Pengaruh Peraturan yang Berpengaruh             90
                                                      Audit Internal                           137        Ikhtisar Kinerja Keberlanjutan                  169
Signifikan terhadap Perseroan
                                                      Internal Audit                                      Sustainability Highlights
Changes in Regulations that
Significantly Affect the Company                      Sistem Pengendalian Internal             143        Tata Kelola Keberlanjutan                       171
                                                      Internal Control System                             Sustainable Governance
Informasi Material Mengenai Investasi,          91
Ekspansi, Divestasi, Penggabungan/                    Auditor Eksternal                        145        Kinerja Keberlanjutan                           174
Peleburan Usaha, Akuisisi,                            External Auditor                                    Sustainability Performance
Restrukturisasi Utang/Modal, Transaksi                Penilaian Risiko atas Penerapan          146        Memberikan Pelayanan yang Setara      182
Afiliasi, dan Transaksi yang Mengandung               Keuangan Berkelanjutan                              Kepada Konsumen
Benturan Kepentingan                                  Risk Assessment on the                              Providing Equal Services to Consumers
Material Information Regarding                        Implementation of Sustainable Finance
Investment, Expansion, Divestment,
                                                      Perkara Penting                          153        Referensi Silang POJK 51/                       186
Merger/Consolidation, Acquisition,
                                                      Legal Cases                                         POJK.03/2017
Debt/Capital Restructuring, Affiliated
Transactions, and Transactions                        Sanksi Administratif                     153        POJK No. 51 Cross Reference
Containing Conflict of Interest                       Administrative Sanction                             Lembar Umpan Balik                              189
Perubahan Kebijakan Akuntansi                   91    Program Kepemilikan Saham oleh           154        Feedback Form
Changes in Accounting Policies                        Karyawan atau Manajemen                             Pernyataan Dewan Komisaris dan                  190
                                                      Employee or Management Stock                        Direksi Tentang Tanggung Jawab atas
TATA KELOLA PERUSAHAAN                                Option Program                                      Laporan Tahunan 2023 PT JACCS Mitra
                                                      Kebijakan Pengungkapan Informasi         154        Pinasthika Mustika Finance Indonesia
CORPORATE GOVERNANCE                                                                                      Statement of the Board of
                                                      Kepemilikan Saham Dewan Komisaris
Tata Kelola Perusahaan                          94    dan Direksi                                         Commissioners and the Board of
Corporate Governance                                  Policy of Information Disclosure on                 Directors on the Responsibility for the
Rapat Umum Pemegang Saham                       98    Share Ownership by the Board of                     2023 Annual Report of PT JACCS Mitra
General Meeting of Shareholders                       Commissioners and Board of Directors                Pinasthika Mustika Finance Indonesia
Dewan Komisaris                             102       Kode Etik                                154        LAPORAN KEUANGAN
Board of Commissioners                                Code of Conduct                                     FINANCIAL STATEMENTS
Direksi                                     108       Sistem Pelaporan Pelanggaran             156
Board of Directors                                    Whistleblowing System
Penilaian terhadap Kinerja Dewan                115
Komisaris dan Direksi
Performance Assessment of the Board
of Commissioners and the Board of
Directors




                                                                                                        PT JACCS MPM Finance Indonesia
                                                                                                     Laporan Tahunan 2023 Annual Report                     3
Page 6

          
Page 7
IKHTISAR
KINERJA
PERFORMANCE
HIGHLIGHTS
Ikhtisar Kinerja Keuangan              6
Financial Performance Highlights
Pelibatan Pihak Lokal yang Berkaitan   8
Dengan Proses Bisnis Berkelanjutan
Local Community Involvement in the
Sustainable Business Process
Ikhtisar Kinerja Saham dan Aksi        8
Korporasi
Highlights of Share Performance and
Corporate Action
Ikhtisar Obligasi                      9
Bonds Highlights
Ikhtisar Kinerja Lingkungan            10
Environmental Performance Highlights
Ikhtisar Kinerja Sosial                10
Social Performance Highlights
Penghargaan dan Sertifikasi            11
Awards and Certifications
Peristiwa Penting Tahun 2023           11
2023 Significant Events
Page 8
                                                                                               accelerating innovation for further growth



IKHTISAR KINERJA KEUANGAN [B.1]
FINANCIAL PERFORMANCE HIGHLIGHTS


 Dalam jutaan Rupiah, kecuali dinyatakan lain                                                             In millions of Rupiah, unless otherwise stated

 Uraian                                                2023              2022             2021                                            Description
 LAPORAN LABA RUGI DAN PENGHASILAN                                                                        STATEMENT OF PROFIT OR LOSS AND
 KOMPREHENSIF LAIN                                                                                           OTHER COMPREHENSIVE INCOME
 Jumlah Pendapatan                                   1.604.504      1.554.694           1.523.177                                        Total Income
 Laba Bruto                                          1.081.059          1.091.721         931.741                                         Gross Profit
 Laba Sebelum Pajak Penghasilan                         3.224           129.755           86.722                          Income Before Income Tax
 Laba Bersih                                              424           100.979           63.735                                          Net Income
 Jumlah (Rugi) Laba Komprehensif                       (3.467)          166.568           195.115                Total Comprehensive (Loss) Income
 Laba Tahun Berjalan yang Dapat Diatribusikan kepada:                                                            Income for the Year Attributable to:
 Pemilik Entitas Induk                                    254            60.587           38.241                            Owners of the Company
 Kepentingan Non-Pengendali                                170           40.392           25.494                           Non-Controlling Interests
 Jumlah (Rugi) Laba Komprehensif Tahun                                                                 Total Comprehensive (Loss) Income for the
 Berjalan yang Dapat Diatribusikan Kepada:                                                                                  Year Attributable to:
 Pemilik Entitas Induk                                 (2.080)           99.941           117.069                           Owners of the Company
 Kepentingan Non-Pengendali                             (1.387)          66.627           78.046                           Non-Controlling Interests
 Laba per Saham Dasar                                     346            82.467           52.051                                 Earnings per Share
 (dalam Rupiah penuh)                                                                                                                 (in full Rupiah)
 LAPORAN POSISI KEUANGAN                                                                                   STATEMENT OF FINANCIAL POSITION
 Aset Lancar                                         3.556.601      3.914.438           3.573.661                                     Current Assets
 Aset Tidak Lancar                                   4.601.440      4.378.369           4.146.519                               Non-Current Assets
 Jumlah Aset                                         8.158.042     8.292.807            7.720.180                                        Total Assets




Jumlah Pendapatan                                                            Laba Bersih
Total Income                                                                 Net Income
Dalam jutaan Rupiah/ In millions of Rupiah                                   Dalam jutaan Rupiah/ In millions of Rupiah




                                                           2.000.000                                                                             150.000




                                                            1.600.000                                                                            120.000
                               1.604.504
                1.554.694
    1.523.177




                                                            1.200.000                                                                             90.000
                                                                                             100.979




                                                             800.000                                                                              60.000
                                                                               63.735




                                                             400.000                                                                              30.000
                                                                                                           424




  2021          2022         2023                                             2021          2022          2023
                                                                   0                                                                                   0




                PT JACCS MPM Finance Indonesia
6               Laporan Tahunan 2023 Annual Report
Page 9
       Ikhtisar Kinerja | Performance Highlights                   Profil Perseroan | Company Profile             Tata Kelola Perusahaan | Corporate Governance
                                                                    Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                                        Kinerja Keberlanjutan | Sustainability Performance
                                                                 Management Discussion and Analysis




Dalam jutaan Rupiah, kecuali dinyatakan lain                                                                                 In millions of Rupiah, unless otherwise stated

Uraian                                                                2023              2022            2021                                                        Description
Liabilitas Jangka Pendek                                          2.416.388           2.783.814      3.262.138                                                Current Liabilities
Liabilitas Jangka Panjang                                         4.034.591           3.768.163      2.883.780                                      Non-Current Liabilities
Jumlah Liabilitas                                                 6.450.979           6.551.977      6.145.918                                                   Total Liabilities
Jumlah Ekuitas                                                     1.707.063          1.740.830      1.574.262                                                      Total Equity
Jumlah Ekuitas yang Dapat Diatribusikan Kepada:                                                                                              Total Equity Attributable to:
Pemilik Entitas Induk                                               734.685            734.685        734.685                                  Owners of the Company
Kepentingan Non-Pengendali                                          489.790            489.790        489.790                                 Non-Controlling Interests
RASIO KEUANGAN                                                                                                                                               FINANCIAL RATIOS
Margin Laba Bruto                                                    67,38%             70,22%          61,17%                                               Gross Profit Margin
Margin Laba Usaha                                                     0,20%              8,34%          5,69%                                    Operating Profit Margin
Margin Laba Bersih                                                    0,03%              6,49%           4,18%                                                 Net Profit Margin
Rasio Laba terhadap Total Aset                                        0,04%              1,64%           1,05%                                                 Return on Assets
Rasio Laba terhadap Total Ekuitas                                     0,02%              6,00%           4,16%                                                 Return on Equity
Rasio Lancar                                                            1,47x             1,40x          1,09x                                                     Current Ratio
Rasio Liabilitas terhadap Total Aset                                   0,79x             0,79x          0,80x                                               Debt to Assets Ratio
Rasio Liabilitas terhadap Total Ekuitas                                3,78x              3,76x          3,90x                                              Debt to Equity Ratio
Tingkat Perputaran Jumlah Aset                                         0,57x             0,57x           0,41x                                        Total Assets Turnover
Rasio Gearing                                                           3,61x            3,59x           3,64x                                                    Gearing Ratio


KUANTITAS PRODUKSI/JASA YANG DIJUAL                                                                                      QUANTITY OF SOLD PRODUCTS/SERVICES
Pembiayaan Konsumen                                                4.218.097          4.119.599       3.117.581                                              Consumer Finance
Sewa Pembiayaan                                                     509.493            454.887        422.820                                                    Finance Lease




Jumlah Aset                                        Jumlah Liabilitas                                       Jumlah Ekuitas
Total Assets                                       Total Liabilities                                       Total Equity
Dalam jutaan Rupiah/ In millions of Rupiah         Dalam jutaan Rupiah/ In millions of Rupiah              Dalam jutaan Rupiah/ In millions of Rupiah




                                                                                                                                                                         9.000.000
                   8.292.807



                                  8.158.042




                                                                                                                                                                         7.200.000
  7.720.180




                                                                          6.551.977



                                                                                         6.450.979
                                                     6.145.918




                                                                                                                                                                         5.400.000
                                                                                                                                 1.740.830




                                                                                                                                                                         3.600.000
                                                                                                             1.574.262




                                                                                                                                                1.707.063




                                                                                                                                                                          1.800.000




 2021             2022          2023                2021                 2022            2023                2021               2022           2023
                                                                                                                                                                                 0




                                                                                                                 PT JACCS MPM Finance Indonesia
                                                                                                              Laporan Tahunan 2023 Annual Report                                7
Page 10
                                                                                  accelerating innovation for further growth



PELIBATAN PIHAK LOKAL YANG BERKAITAN
DENGAN PROSES BISNIS BERKELANJUTAN
LOCAL COMMUNITY INVOLVEMENT IN THE SUSTAINABLE BUSINESS PROCESS

PENGGUNAAN TENAGA KERJA LOKAL                                      LOCAL HIRING

Sampai dengan 2023, Perseroan telah menerapkan sistem              Until the end of 2023, the Company had implemented recruitment
rekrutmen yang mengakomodasi penggunaan tenaga kerja lokal,        system that accommodated local hiring, namely the community
yaitu masyarakat di sekitar area kantor-kantor cabang.             around the branch office area.




IKHTISAR KINERJA SAHAM DAN AKSI
KORPORASI
HIGHLIGHTS OF SHARE PERFORMANCE AND CORPORATE ACTION



Perseroan tidak melakukan Penawaran Umum Perdana dan tidak         The Company did not conduct an Initial Public Offering and did not
mencatatkan sahamnya di Bursa Efek Indonesia (BEI). Oleh karena    list its share in the Indonesian Stock Exchange (IDX). Therefore,
itu, Perseroan tidak memiliki kewajiban untuk mengungkapkan        the Company has no obligation to disclose the highlights of share
ikhtisar kinerja saham dan aksi korporasi seperti pemecahan        performance and corporate action such as stock split, reverse
saham (stock split), penggabungan saham (reverse stock), dividen   stock, stock dividends, bonus shares, and changes in nominal
saham, saham bonus, dan perubahan nilai nominal saham,             value of shares, as well as capital increase, and reduction in the
penerbitan efek konversi, serta penambahan, dan pengurangan        Annual Report 2023. Information related to the composition of the
modal di dalam Laporan Tahunan 2023. Adapun informasi terkait      Company’s shareholders can be found in Company Profile chapter,
komposisi pemegang saham Perseroan dapat dilihat pada bab          Composition of Shareholders subchapter.
Profil Perseroan, subbab Komposisi Pemegang Saham.




             PT JACCS MPM Finance Indonesia
8            Laporan Tahunan 2023 Annual Report
Page 11
   Ikhtisar Kinerja | Performance Highlights             Profil Perseroan | Company Profile           Tata Kelola Perusahaan | Corporate Governance
                                                          Analisis dan Diskusi Manajemen
Laporan Manajemen | Management Report                                                              Kinerja Keberlanjutan | Sustainability Performance
                                                       Management Discussion and Analysis




IKHTISAR OBLIGASI
BONDS HIGHLIGHTS


Nama Obligasi                                  Nilai Nominal (Rp)   Tingkat Bunga (%)   Peringkat          Waktu               Jatuh Tempo
Bond Name                                      Par Value (IDR)      Interest Rate (%)   Obligasi           Pembayaran          Maturity Date
                                                                                        Bond Rating        Payment Schedule

Obligasi MPM Finance I Tahun 2019              Rp616 miliar         9,25%               AA (idn)           Triwulan            Telah dilunasi pada
Seri A                                         IDR616 billion                                              Quarterly           tanggal 24 September
MPM Finance Bonds I Year 2019                                                                                                  2022
Series A                                                                                                                       Has been fully paid
                                                                                                                               as of September 24,
                                                                                                                               2022
Obligasi MPM Finance I Tahun 2019              Rp30 miliar          9,50%               AA (idn)           Triwulan            Telah dilunasi pada
Seri B                                         IDR30 billion                                               Quarterly           tanggal 24 September
MPM Finance Bonds I Year 2019                                                                                                  2023
Series B                                                                                                                       Has been fully paid
                                                                                                                               as of September 24,
                                                                                                                               2023
Obligasi MPM Finance I Tahun 2019              Rp18 miliar          9,75%               AA (idn)           Triwulan            24 September 2024
Seri C                                         IDR18 billion                                               Quarterly           September 24, 2024
MPM Finance Bonds I Year 2019
Series C
Obligasi Berkelanjutan I JACCS MPM             Rp100 miliar         4,75%               AA (idn)           Triwulan            Telah dilunasi pada
Finance Indonesia Tahap I Tahun                IDR100 billion                                              Quarterly           tanggal 20 Agustus
2022 Seri A                                                                                                                    2023
JACCS MPM Finance Indonesia Shelf                                                                                              Has been fully paid as
Registration Bonds I Phase I Year                                                                                              of August 20, 2023
2022 Series A
Obligasi Berkelanjutan I JACCS MPM             Rp500 miliar         7,40%               AA (idn)           Triwulan            10 Agustus 2025
Finance Indonesia Tahap I Tahun                IDR500 billion                                              Quarterly           August 10, 2025
2022 Seri B
JACCS MPM Finance Indonesia Shelf
Registration Bonds I Phase I Year
2022 Series B
Obligasi Berkelanjutan I JACCS MPM             Rp170 miliar         6,25%               AA (idn)           Triwulan            21 Agustus 2024
Finance Indonesia Tahap II Tahun               IDR170 billion                                              Quarterly           August 21, 2024
2023 Seri A
JACCS MPM Finance Indonesia Shelf
Registration Bonds I Phase II Year
2023 Series A
Obligasi Berkelanjutan I JACCS MPM             Rp230 miliar         7,00%               AA (idn)           Triwulan            11 Agustus 2026
Finance Indonesia Tahap II Tahun               IDR230 billion                                              Quarterly           August 11, 2026
2023 Seri B
JACCS MPM Finance Indonesia Shelf
Registration Bonds I Phase II Year
2023 Series B




                                                                                                      PT JACCS MPM Finance Indonesia
                                                                                                   Laporan Tahunan 2023 Annual Report                   9
Page 12
                                                                                      accelerating innovation for further growth



IKHTISAR KINERJA LINGKUNGAN [B.2]
ENVIRONMENTAL PERFORMANCE HIGHLIGHTS




Pemakaian Listrik                              Pemakaian Air                               Pemakaian BBM
Electricity Usage                              Water Usage                                 Fuel Usage
(Rp/IDR)                                       (Rp/IDR)                                    (Rp/IDR)
                                               2023




                                                                                            2023
2023




                 4.059.856.725                          150.845.541                                     682.471.000




                                                                                            2022
2022




                                               2022




               3.869.364.869                           144.850.592                                    593.243.604
2021




                                               2021




                                                                                            2021
                 4.096.331.940                        112.110.498                                  490.081.917




IKHTISAR KINERJA SOSIAL [B.3]
SOCIAL PERFORMANCE HIGHLIGHTS




Pendidikan dan Pelatihan                                                                   Peserta Pelatihan Karyawan
Education and Training                                                                     Employee Training Participant
(Rp/IDR)                                                                                   (Peserta/Participant)
2023




                                                                                            2023




                                                                      7.569.443.508                                 2.375
2022




                                                                                            2022




       113.467.185                                                                                                      2.718
2021




                                                                                            2021




           584.336.112                                                                                                 2.668




               PT JACCS MPM Finance Indonesia
10             Laporan Tahunan 2023 Annual Report
Page 13
   Ikhtisar Kinerja | Performance Highlights     Profil Perseroan | Company Profile       Tata Kelola Perusahaan | Corporate Governance
                                                  Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                   Kinerja Keberlanjutan | Sustainability Performance
                                               Management Discussion and Analysis




PENGHARGAAN DAN SERTIFIKASI
AWARDS AND CERTIFICATIONS




               Certificate of Recognition                                Apresiasi atas Dukungan Berkelanjutan dan Kerja Sama
                  dari/from Infobank                                           sebagai Partner Pembiayaan dari Kobelco
 “The Best Performance Multifinance Company 2023”
         (Asset IDR5 trillion – < IDR10 trillion)

                         27 Juli/July 2023                                             11 Desember/December 2023




PERISTIWA PENTING 2023
2023 SIGNIFICANT EVENTS


                   16 JANUARI/JANUARY                                                    26 JANUARI/JANUARY




Perseroan mengadakan acara Budget Kick Off 2023 yang dihadiri          Perseroan mengadakan acara National Dealer Gathering sebagai
oleh Direksi dan perwakilan dari cabang dan regional Perseroan.        apresiasi kepada para mitra bisnis atas kontribusinya selama tahun
Acara ini mengusung tema “New Normalcy & Sustainable Growth            2022. Dalam acara ini, Perseroan juga memberikan penghargaan
through Business Model Innovation” dengan harapan di tahun             kepada Most Contribution Supplier of 2022.
2023 Perseroan terus bertumbuh dan berinovasi.
                                                                       The Company held a National Dealer Gathering event as an
The Company held a 2023 Budget Kick Off event which was                appreciation to its business partners for their contributions during
attended by the Directors and representatives from the Company’s       2022. In this event, the Company also gave awards to the Most
branches and regions. This event carried the theme “New Normalcy       Contribution Supplier of 2022.
& Sustainable Growth through Business Model Innovation” with
the hope that in 2023 the Company would continue to grow and
innovate.




                                                                                           PT JACCS MPM Finance Indonesia
                                                                                        Laporan Tahunan 2023 Annual Report                    11
Page 14
                                                                                    accelerating innovation for further growth



                     7 MARET/MARCH                                                          13 APRIL/APRIL




Perseroan mengadakan kegiatan Health Talk Off-line bersama RS        Perseroan mengikuti acara Media Gathering MPM 2023, yang
Brawijaya Saharjo dengan tema bahasan “Waspada GERD atau             diinisiasi oleh MPM Group. Perseroan menjadi salah satu entitas
Serangan Jantung”. Acara ini diisi juga dengan pelayanan cek         asosiasi di bisnis keuangan MPM Group yang memaparkan
kesehatan bagi karyawan Perseroan.                                   perkembangan bisnis Perseroan, termasuk hasil kinerja tahun
                                                                     2022.
The Company held an Off-line Health Talk activity with Brawijaya
Saharjo Hospital under the topic “Beware of GERD or Heart Attack”.   The Company participated in the MPM 2023 Media Gathering
This event also included medical check-up for the employees.         event, which was initiated by the MPM Group. The Company has
                                                                     become one of the MPM Group’s associated entities in financial
                                                                     sector who presented the Company’s business developments,
                                                                     including the performance results for the year 2022.


                       14 APRIL/APRIL                                                 7–8 AGUSTUS/AUGUST




Fitch Ratings Indonesia mengafirmasi Peringkat Nasional Jangka       Perseroan melakukan Penawaran Umum Obligasi Berkelanjutan
Panjang Perseroan di ‘AA(idn)’. Peringkat Nasional Jangka Pendek     I JACCS MPM Finance Indonesia Tahap II Tahun 2023 senilai
dan peringkat obligasi senior masing-masing juga diafirmasi di       Rp400 miliar yang terdiri dari seri A sebesar Rp170 miliar dan seri
‘F1+(idn)’ dan ‘AA(idn)’ dengan Outlook yang Stabil.                 B sebesar Rp230 miliar. Dalam penawaran umum ini, Perseroan
                                                                     telah menunjuk PT Indo Premier Sekuritas dan PT BRI Danareksa
Fitch Ratings Indonesia affirmed the Company’s National Long-        Sekuritas sebagai penjamin pelaksana emisi obligasi.
Term Rating at ‘AA(idn)’. The National Short-Term Rating and
senior bond ratings were also affirmed at ‘F1+(idn)’ and ‘AA(idn)’   The Company conducted a Public Offering of JACCS MPM
respectively with a Stable Outlook.                                  Finance Indonesia Shelf Registration Bonds I Phase II Year 2023
                                                                     worth IDR400 billion, consisting of series A of IDR170 billion and
                                                                     series B of IDR230 billion. In this public offering, the Company
                                                                     has appointed PT Indo Premier Sekuritas and PT BRI Danareksa
                                                                     Sekuritas as underwriters for the bond issuance.




              PT JACCS MPM Finance Indonesia
12            Laporan Tahunan 2023 Annual Report
Page 15
    Ikhtisar Kinerja | Performance Highlights       Profil Perseroan | Company Profile     Tata Kelola Perusahaan | Corporate Governance
                                                     Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                    Kinerja Keberlanjutan | Sustainability Performance
                                                  Management Discussion and Analysis




                  6–7 OKTOBER/OCTOBER                                                    13–15 OKTOBER/OCTOBER




Perseroan mengadakan Symphony of Harmony - Employee                       Perseroan turut berpartisipasi dalam kegiatan Multifinance Day
Training & Gathering 2023, sebuah kegiatan untuk mempererat               2023 yang diadakan di Atrium Palembang Indah Mall. Kegiatan ini
keakraban dan hubungan antar karyawan. Kegiatan di hari pertama           adalah perwujudan dari komitmen Perseroan dalam meningkatkan
berupa Outbond Team Building yang berlokasi di Kebon Pines                literasi keuangan dan memberikan solusi produk-produk
Cikole, dan Gala Dinner. Sementara itu, hari kedua diisi dengan           pembiayaan yang dibutuhkan oleh masyarakat.
kunjungan ke Saung Udjo (Angklung Perform) sekaligus sebagai
penutupan program employee gathering 2023.                                The Company participated in Multifinance Day 2023 activities
                                                                          which were held at Palembang Indah Mall Atrium. This activity
The Company held Symphony of Harmony - Employee Training                  showcased the Company’s commitment to enhance financial
& Gathering 2023, an activity to strengthen camaraderie among             literacy and provide financing solutions to the community.
employees. On the first day, the activities included Outbound
Team Building at Kebon Pines Cikole, and Gala Dinner. Meanwhile,
on the second day, the Company conducted a visit to Saung
Udjo (Angklung Perform) as well as closing the 2023 employee
gathering program.



               7–10 NOVEMBER/NOVEMBER                                                    23 NOVEMBER/NOVEMBER




Sebagai upaya meningkatkan kualitas dan produktivitas karyawan            Perseroan melalui tim JACCY turut berpartisipasi dalam acara
serta sebagai ajang menjalin keakraban, Perseroan mengadakan              MPM Innovation Day 2023 bertema #tunjukanimpactkita yang
Workshop bagi Branch Operations Supervisor dengan tema Let’s              diselenggarakan oleh MPM Group dan berhasil meraih juara ke 2
Innovate to Elevate & Keep the Integrity Moving Forward dan               di acara Grand Final Innovation Day 2023.
Credit Screening Training untuk Supervisor Marketing dari seluruh
kantor cabang Perseroan.                                                  The Company, through the JACCY team, participated in the MPM
                                                                          Innovation Day 2023 under the theme of #tunjukanimpactkita
As an effort to improve the quality and productivity of employees         event organized by the MPM Group and succeeded in winning 2nd
and as a means to build friendship, the Company held a Workshop           place at the Grand Final Innovation Day 2023 event.
for Branch Operations Supervisors under the theme of Let’s
Innovate to Elevate & Keep the Integrity Moving Forward and
Credit Screening Training for Marketing Supervisors from all of the
Company’s branch offices.




                                                                                             PT JACCS MPM Finance Indonesia
                                                                                          Laporan Tahunan 2023 Annual Report                   13
Page 16
                                          accelerating innovation for further growth




     PT JACCS MPM Finance Indonesia
14   Laporan Tahunan 2023 Annual Report
Page 17
LAPORAN
MANAJEMEN
MANAGEMENT
REPORT
Sambutan Dewan Komisaris           16
Message from the Board of
Commissioners
Laporan Direksi                    21
Report of the Board of Directors
Page 18
                                             accelerating innovation for further growth



SAMBUTAN DEWAN KOMISARIS
MESSAGE FROM THE BOARD OF COMMISSIONERS




                                           Hal yang membanggakan
                                           adalah pembiayaan baru untuk
                                           mobil bekas mencapai 42%
                                           dari total pembiayaan baru di
                                           tahun 2023, kenaikan 12 (dua
                                           belas) poin persentase dalam 2
                                           (dua) tahun terakhir.

                                           We are really proud to see
                                           new financing for used car
                                           accounted for 42% of total
                                           new financing in 2023, which
                                           has increased by 12 (twelve)
                                           percentage points for the past
                                           2 (two) years.




                                           TOSHIYA KANAME
                                           Komisaris Utama
                                           President Commissioner




      PT JACCS MPM Finance Indonesia
16    Laporan Tahunan 2023 Annual Report
Page 19
    Ikhtisar Kinerja | Performance Highlights       Profil Perseroan | Company Profile       Tata Kelola Perusahaan | Corporate Governance
                                                     Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                      Kinerja Keberlanjutan | Sustainability Performance
                                                  Management Discussion and Analysis




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

Di tengah perkembangan bisnis yang sangat dinamis, kompleks,              Against the backdrop of a highly dynamic, complex, and
dan kompetitif di tahun 2023, kami merasa bersyukur karena                competitive business development in 2023, we feel grateful that
Perseroan mampu bertahan di mana hal tersebut dapat terwujud              the Company managed to survive thanks to the support of all the
berkat dukungan dari seluruh insan Perseroan yang telah bekerja           Company’s people who have worked hard and synergized with
keras dan saling bersinergi sepanjang tahun.                              each other throughout the year.

Penilaian atas Kinerja Direksi dan Perseroan                              Performance Assessment of the Board of Directors
                                                                          and the Company

Kami menilai bahwa Direksi telah menunjukkan kepemimpinan                 We assess that the Board of Directors has demonstrated good
yang baik dalam mengelola Perseroan melalui penerapan berbagai            leadership in managing the Company by implementing various
inisiatif strategis yang tepat di tengah tantangan bisnis yang cukup      appropriate strategic initiatives amid tough business challenges
berat bagi industri pembiayaan.                                           for the financing industry.

Sebagaimana kita ketahui bersama, pertumbuhan PDB Indonesia               As we all know, Indonesia’s GDP growth showed a slight slowdown
sedikit melambat menjadi 5,05% pada tahun 2023 dibandingkan               to 5.05% in 2023 compared to 5.31% in 2022 due to the effect
5,31% pada tahun 2022 akibat pengaruh melemahnya harga                    of weakening commodity prices and global economic slowdown,
komoditas dan perlambatan perekonomian global khususnya di                especially in China. Amid such conditions, four-wheeler sales
Tiongkok. Di tengah kondisi yang demikian, penjualan kendaraan            slowed slightly compared to the previous year, but on the contrary,
roda empat sedikit melambat dibandingkan tahun sebelumnya,                two-wheeler sales enjoyed a rapid growth thanks to the settlement
namun sebaliknya penjualan kendaraan roda dua mengalami                   of supply constraints in Indonesia.
peningkatan yang pesat berkat adanya penyelesaian kendala
pasokan di Indonesia.

Kondisi pasar kendaraan roda dua yang kondusif tersebut                   The favorable conditions of two-wheeler market impacted new
berdampak terhadap pembiayaan baru kendaraan roda dua yang                booking for two-wheelers financing which increased by 29.58%.
meningkat sebesar 29,58%. Di sisi lain, pembiayaan baru roda              On the other hand, new booking for four-wheelers financing
empat mengalami penurunan sebesar 7,56% sejalan dengan situasi            decreased by 7.56% in line with the market situation. Overall, the
pasar. Secara keseluruhan, Perseroan mencatatkan pembiayaan               Company recorded new booking of IDR4,728 billion, higher than
baru sebesar Rp4.728 miliar, meningkat dibandingkan dengan                IDR4,574 billion in 2022.
tahun 2022 sebesar Rp4.574 miliar.

Pendapatan Perseroan mengalami peningkatan menjadi Rp1.605                The Company’s revenue increased to IDR1,605 billion in 2023,
miliar di tahun 2023, dari sebelumnya Rp1.554 miliar di tahun             from IDR1,554 billion in 2022. In addition, the Company’s net
2022. Selain itu, perolehan laba bersih Perseroan tercatat sebesar        profit stood at IDR0.42 billion, lower than IDR100.9 billion in
Rp0,42 miliar, menurun dari tahun sebelumnya sebesar Rp100,9              the previous year, mainly due to an increased cost of credit
miliar terutama karena peningkatan biaya kredit (cost of credit)          caused by the deterioration of asset quality. The Non-Performing
yang disebabkan oleh memburuknya kualitas aset. Rasio Non-                Financing (NPF) ratio hiked at 4.54% in 2023 while it was 2.68%
Performing Financing (NPF) meningkat menjadi 4,54% di 2023 dari           in the previous year.
2,68% pada tahun sebelumnya.

Pengawasan atas Penerapan Strategi                                        Oversight of Strategy Implementation

Sepanjang tahun 2023, sesuai dengan ketentuan regulasi,                   Throughout 2023, in accordance with regulatory requirements, the
Dewan Komisaris mengadakan rapat internal setiap dua bulan                Board of Commissioners held internal meetings every two months
dan rapat gabungan dengan Direksi setiap empat bulan untuk                and joint meetings with the Board of Directors every four months
memantau secara aktif dan menindaklanjuti strategi Perseroan              to actively monitor and follow up on the Company’s strategy and its
dan implementasinya serta hal-hal penting lainnya jika diperlukan.        implementation as well as other important matters as necessary. In
Selain itu, Dewan Komisaris kecuali Komisaris Independen                  addition, the Board of Commissioners, except for the Independent
menghadiri rapat Direksi setiap bulan sebagai undangan atau               Commissioner, attended the Board of Directors’ meeting every
pengamat untuk mendapatkan pemahaman yang lebih baik                      month as an invitee or observer to gain a better understanding of
mengenai pelaksanaan strategi dan/atau kemajuan anggaran                  the Company’s strategy implementation and/or budget progress
Perseroan serta memberikan saran/kritik kepada Direksi pada               and to provide advice/criticism to the Board of Directors at the
waktu yang tepat.                                                         appropriate time.

Sepanjang tahun, inisiatif strategi Perseroan difokuskan pada             Throughout the year, the Company’s strategic initiatives
produk-produk yang memiliki profitabilitas tinggi dan penerapan           focused on products with high profitability and implementation
sistem collection baru untuk meningkatkan efisiensi penagihan.            of new collection system to enhance efficiency of collection.




                                                                                              PT JACCS MPM Finance Indonesia
                                                                                           Laporan Tahunan 2023 Annual Report                    17
Page 20
                                                                                      accelerating innovation for further growth




     ALIP                       BENNY REDJO SETYONO    TOSHIYA KANAME              JOSAPHAT BUDISATYAWIRA         CHIHIRO USHIGOME
     Komisaris Independen       Komisaris              Komisaris Utama             Komisaris Independen           Komisaris
     Independent Commissioner   Commissioner           President Commissioner      Independent Commissioner       Commissioner


Selain itu, Perseroan juga berupaya menjaga kualitas pembiayaan        In addition, the Company also endeavored to maintain the
melalui proses credit screening yang ketat dengan meningkatkan         quality of financing through a stringent credit screening process
kriteria penyaringan calon debitur untuk memperbaiki kualitas          by improving the screening criteria of prospective debtors to
aset yang memburuk dan rasio NPF yang meningkat secara                 improve the deteriorated asset quality and NPF ratio which hiked
signifikan.                                                            significantly.

Namun satu hal yang membanggakan adalah pembiayaan baru                However, we are really proud to see new financing for used car
untuk mobil bekas mencapai 42% dari total pembiayaan baru              accounted for 42% of total new financing in 2023, which has
di tahun 2023, kenaikan 12 (dua belas) poin persentase dalam           increased by 12 (twelve) percentage points for the past 2 (two)
2 (dua) tahun terakhir. Pencapaian ini merupakan hasil dari            years. This achievement was attributable to the strategic measures
langkah strategis yang diambil Perseroan beberapa tahun yang           taken by the Company a few years ago to shift the product portfolio
lalu untuk mengalihkan portofolio produk dari pembiayaan mobil         from new car financing to used car financing as the main product
baru ke pembiayaan mobil bekas sebagai produk utama dengan             considering the profitability of the product and the competitive
mempertimbangkan profitabilitas produk dan posisi kompetitif di        position in the market.
pasar.

Pandangan atas Penerapan Tata Kelola Perusahaan                        Viewpoint on     Implementation of Corporate
dan Program Keberlanjutan                                              Governance and Sustainability Program

Kami senantiasa memberikan dukungan penuh kepada Direksi               We continued to provide full support to the Board of Directors
dalam menjaga komitmennya untuk menegakkan Tata Kelola                 in maintaining its commitment to upholding Good Corporate
Perusahaan yang Baik (Good Corporate Governance/GCG).                  Governance (GCG).

Menurut pemantauan kami, GCG telah diterapkan dengan baik              Based on our monitoring, GCG has been well implemented
sepanjang tahun 2023. Kami senantiasa memastikan seluruh organ         throughout 2023. We always ensured that all organs of the Company
Perseroan menjalankan fungsi, tugas dan tanggung jawabnya              have carried out their functions, duties and responsibilities in
sesuai dengan pedoman dan ketentuan yang berlaku.                      accordance with applicable guidelines and regulations.

Mengingat memburuknya kualitas aset yang merupakan                     Given that deteriorated asset quality was the Company’s urgent
permasalahan mendesak Perseroan di tahun 2023, kami                    issue in 2023, we provided direction to the Board of Directors to
memberikan arahan kepada Direksi untuk melakukan tindakan              take corrective actions, among others, by controlling credit risk.



                 PT JACCS MPM Finance Indonesia
18               Laporan Tahunan 2023 Annual Report
Page 21
    Ikhtisar Kinerja | Performance Highlights       Profil Perseroan | Company Profile        Tata Kelola Perusahaan | Corporate Governance
                                                     Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                       Kinerja Keberlanjutan | Sustainability Performance
                                                  Management Discussion and Analysis




perbaikan antara lain dengan mengendalikan risiko kredit. Kami            We also ensure the management to comply with any
juga memastikan agar manajemen mematuhi setiap rekomendasi                recommendations from the internal control function and mitigate
dari fungsi pengendalian internal serta memitigasi risiko kepatuhan       compliance risk to reduce potential conflicts of interest.
guna meminimalisir potensi benturan kepentingan.

Untuk ke depannya, kami berharap adanya perbaikan kualitas                Going forward, we expect continuous improvement in the quality
implementasi GCG yang berkelanjutan di lingkungan Perseroan               of GCG implementation within the Company, allowing it to serve as
sehingga hal ini dapat menjadi landasan bagi pertumbuhan                  the foundation for the Company’s future growth.
Perseroan di masa mendatang.

Dalam hal keberlanjutan, Dewan Komisaris juga memandang                   In terms of sustainability, the Board of Commissioners also
bahwa penerapan berbagai program berkelanjutan terkait sosial             considers that the implementation of various sustainable programs
dan lingkungan juga berjalan secara konsisten di tahun 2023.              related to social and environment have also run consistently in
Perseroan dinilai memiliki komitmen yang kuat untuk berpartisipasi        2023. The Company has demonstrated a strong commitment
dalam mendukung program keberlanjutan guna mewujudkan                     to support the sustainability programs to realize inclusive and
layanan keuangan yang inklusif dan berkeadilan. Berangkat                 equitable financial services. Therefore, the Company will be able
dari hal tersebut, Perseroan dapat menjaga reputasinya sebagai            to maintain its reputation as a reliable and trusted finance company
perusahaan pembiayaan yang andal dan terpercaya di mata                   in the eyes of consumers, investors, and other stakeholders.
konsumen, investor, dan pemangku kepentingan lainnya.

Penilaian terhadap Kinerja Komite                                         Performance Assessment of Committee

Dewan Komisaris melakukan penilaian kinerja komite-komite yang            The Board of Commissioners periodically assesses the performance
berada di bawahnya secara berkala menggunakan kriteria yang               of its committees, using criteria that include, but are not limited to,
mencakup di antaranya, namun tidak terbatas pada pelaksanaan              the committee meetings, attendance of each committee member,
rapat komite, kehadiran setiap anggota komite, dan ketertiban             and appropriate administration.
administrasi.

Berdasarkan penilaian yang telah dilakukan, kami berpendapat              Based on our assessment, we are of the opinion that the Audit
bahwa Komite Audit, Komite Nominasi dan Remunerasi, dan Komite            Committee, Nomination and Remuneration Committee, and Risk
Pemantau Risiko telah menunjukkan kemampuan terbaiknya dalam              Monitoring Committee have performed to the best of their abilities
menjalankan tugas dan tanggung jawabnya untuk mendukung                   in carrying out their duties and responsibilities to support the Board
Dewan Komisaris.                                                          of Commissioners.

Komite Audit telah mengawasi pelaksanaan rencana audit internal           The Audit Committee has supervised the implementation of the
yang disusun oleh Divisi Audit Internal dan memberikan saran,             internal audit plan prepared by the Internal Audit Division and
masukan, dan opini melalui komunikasi aktif. Selain itu, Komite           provided advice, input and opinion through communication. In
Audit berdiskusi dengan auditor eksternal mengenai audit atas             addition, the Audit Committee discussed with the external auditor
laporan keuangan tahunan.                                                 regarding the audit of the annual financial statements.

Komite Pemantau Risiko juga telah memantau penerapan                      The Risk Monitoring Committee has also monitored the
manajemen risiko dan memberikan rekomendasi yang tepat.                   implementation of risk management and provided appropriate
Komite ini telah secara aktif berkomunikasi dengan Direktur yang          recommendations. The Committee has actively communicated with
bertanggung jawab atas fungsi manajemen risiko dan divisi terkait         the Director in charge of the risk management function and relevant
seperti Divisi Manajemen Risiko Kredit, Fraud & Operasional serta         divisions such as the Credit, Fraud & Operational Risk Management
Divisi Hukum, Litigasi & Kepatuhan.                                       Division and the Legal, Litigation & Compliance Division.

Sementara itu, Komite Nominasi dan Remunerasi telah melakukan             Meanwhile, the Nomination and Remuneration Committee
evaluasi dan memberikan rekomendasi yang tepat terhadap                   has evaluated and provided appropriate recommendations on
nominasi dan remunerasi anggota Dewan Komisaris dan Direksi               the nomination and remuneration of Board members through
melalui diskusi dengan Dewan Komisaris dan Pemegang Saham                 discussions with the Board of Commissioners and Shareholders
apabila diperlukan.                                                       when deemed necessary.

Pandangan atas Prospek Bisnis Tahun 2024                                  Viewpoint on Business Prospects in 2024

Menurut Bank Indonesia, pertumbuhan PDB pada tahun 2024                   According to Bank Indonesia, GDP growth will stand at around
akan berada di kisaran 5%, sama seperti pertumbuhan PDB aktual            5% in 2024, similar to actual GDP growth in 2023. We expect the
pada tahun 2023. Kami memperkirakan pertumbuhan tersebut                  growth to be less robust due to the continued uncertainty caused
tidak akan terlalu kuat karena berlanjutnya ketidakpastian yang           by geopolitical issues, changes in US monetary policy, and the
disebabkan oleh masalah geopolitik, perubahan kebijakan                   global economic slowdown.
moneter AS, dan perlambatan ekonomi global.




                                                                                               PT JACCS MPM Finance Indonesia
                                                                                            Laporan Tahunan 2023 Annual Report                    19
Page 22
                                                                                    accelerating innovation for further growth



Dengan prospek pertumbuhan pasar penjualan kendaraan roda            With the prospect of stable growth in the four-wheelers and
empat dan roda dua yang stabil, Perseroan perlu meningkatkan         two-wheelers sales market, the Company needs to improve its
operasionalnya secara lebih efektif dan efisien agar tetap           operations more effectively and efficiently to remain competitive
kompetitif dan memenangkan persaingan di industri ini.               and win the competition in the industry.

Dalam jangka pendek, perbaikan kualitas aset yang memburuk           In the short term, improving the asset quality deteriorated in 2023
pada tahun 2023 diharapkan dapat menjadi prioritas utama yang        is expected to be a top priority to deal with in order to achieve
harus diatasi demi pertumbuhan berkelanjutan yang sehat bagi         healthy sustainable growth.
Perseroan.

Apresiasi                                                            Appreciation

Menutup kata sambutan ini, kami menyampaikan apresiasi kepada        To conclude this report, we would like to express our appreciation
Direksi dan seluruh insan Perseroan atas kerja keras dan dedikasi    to the Board of Directors and all of the Company’s employees
yang diberikan sepanjang tahun 2023. Penghargaan yang sama           for their hard work and dedication throughout 2023. Also, our
juga kami sampaikan kepada pemegang saham, pelanggan,                appreciation goes to our shareholders, customers, regulators,
regulator, mitra bisnis, dan seluruh pemangku kepentingan lainnya    business partners, and all other stakeholders for their support and
atas dukungan dan kepercayaan yang telah diberikan.                  trust.

Kami percaya bahwa dengan meningkatnya kapabilitas Perseroan         We are convinced that the Company’s improving capability to
dalam mengakselerasi inovasi, Perseroan akan mencapai                accelerate innovation will lead us to achieve sustainable growth
pertumbuhan berkelanjutan di masa mendatang.                         in the future.



                                                Untuk dan atas nama Dewan Komisaris
                                               On behalf of the Board of Commissioners




                                                       TOSHIYA KANAME
                                                          Komisaris Utama
                                                       President Commissioner




              PT JACCS MPM Finance Indonesia
20            Laporan Tahunan 2023 Annual Report
Page 23
  Ikhtisar Kinerja | Performance Highlights     Profil Perseroan | Company Profile     Tata Kelola Perusahaan | Corporate Governance
                                                 Analisis dan Diskusi Manajemen
Laporan Manajemen | Management Report                                                 Kinerja Keberlanjutan | Sustainability Performance
                                              Management Discussion and Analysis




LAPORAN DIREKSI
REPORT OF THE BOARD OF DIRECTORS




                                                                                     Pendapatan Perseroan
                                                                                     mengalami peningkatan
                                                                                     menjadi Rp1.605 miliar di
                                                                                     tahun 2023, dari sebelumnya
                                                                                     Rp1.554 miliar di tahun 2022.

                                                                                     Revenue increased to
                                                                                     IDR1,605 billion in 2023, from
                                                                                     previously IDR1,554 billion in
                                                                                     2022.




                                                                                     KAZUHIRO INOUE
                                                                                     Direktur Utama
                                                                                     President Director




                                                                                        PT JACCS MPM Finance Indonesia
                                                                                     Laporan Tahunan 2023 Annual Report                    21
Page 24
                                                                                      accelerating innovation for further growth


Pemegang Saham dan Pemangku Kepentingan yang terhormat,               Our valued Shareholders and Other Stakeholders,

Pertumbuhan ekonomi nasional di sepanjang tahun 2023                  National economic growth throughout 2023 recorded an
mencatatkan pertumbuhan yang mengesankan sebesar 5,05%                impressive growth of 5.05% despite various global economic
walaupun di tengah berbagai tantangan ekonomi global mulai dari       challenges ranging from potential economic slowdown, increased
potensi perlambatan ekonomi, peningkatan tensi geopolitik, risiko     geopolitical tension, inflation risk, to climate change. Indonesia
inflasi, hingga perubahan iklim. Indonesia sendiri menjadi salah      became one of the countries that grew strongly and persistently
satu negara yang tumbuh kuat dan persisten berada di level yang       at a high level compared to a number of other countries. National
tinggi dibandingkan dengan sejumlah negara lain. Pertumbuhan          economic growth in 2023 was able to surpass several peers such
ekonomi nasional sepanjang tahun 2023 mampu melampaui                 as Malaysia (3.77%) and South Korea (1.36%), and higher than the
beberapa negara peers seperti Malaysia (3,77%) dan Korea Selatan      economic growth of G-20 countries such as the US (2.5%), France
(1,36%), serta lebih tinggi dari pertumbuhan ekonomi negara G-20      (0.9%) and Germany which contracted (-0.3%).
seperti AS (2,5%), Perancis (0,9%) maupun Jerman yang mengalami
kontraksi (-0,3%).

Walaupun demikian, angka penjualan mobil domestik justru berada       Nevertheless, the domestic car sales figure was below the target
di bawah target 1,05 juta unit sepanjang 2023. Berdasarkan data       of 1.05 million units in 2023. Based on GAIKINDO data, wholesales
GAIKINDO, penjualan mobil secara wholesales mencapai 1 juta           of cars reached 1 million (1,005,802) units in 2023, down 4%
(1.005.802) unit sepanjang 2023, turun 4% dibanding capaian           compared to the achievement of 1.04 million (1,048,040) units in
sepanjang 2022 sebanyak 1,04 juta (1.048.040) unit. Sementara itu,    2022. Meanwhile, retail sales reached 998,059 units in 2023,
penjualan secara retail sepanjang 2023 mencapai 998.059 unit,         down 1.5% compared to 1.01 million (1,013,582) units in 2022.
turun 1,5% dibanding 2022 yang mencapai 1,01 juta (1.013.582) unit.

Sebaliknya, menurut Asosiasi Industri Sepeda Motor Indonesia          In contrast, according to the Association of Indonesia Motorcycle
(AISI), penjualan sepeda motor di tahun 2023 mencatat                 Industry (AISI), motorcycle sales enjoyed a growth of 19% to reach
pertumbuhan sebesar 19% hingga mencapai angka 6,2 juta                6.2 million units in 2023 although it could not surpass the pre-
unit walaupun belum bisa melampaui angka sebelum pandemi              Covid-19 achievement. In terms of buyers, 40% of sold motorcycles
Covid-19. Dari sisi pembeli, 40% dari sepeda motor yang terjual       are used for the needs of trade business, especially in the Micro,
digunakan untuk keperluan perdagangan, khususnya pada sektor          Small and Medium Enterprise (MSME) sector. This demonstrated a
Usaha Mikro Kecil dan Menengah (UMKM). Ini menunjukkan                significant contribution of the motorcycle industry to the small and
kontribusi signifikan industri sepeda motor terhadap ekosistem        medium business ecosystem in Indonesia.
bisnis kecil dan menengah di Indonesia.

Seiring dengan pertumbuhan penjualan motor, data dari Otoritas        Along with the growth in motorcycle sales, the data from the
Jasa Keuangan juga menunjukan pertumbuhan positif dalam               Financial Services Authority also showed positive growth in the
industri pembiayaan pada tahun 2023. Jumlah piutang pembiayaan        financing industry in 2023. Total financing receivables in the
pada industri pembiayaan meningkat 13,23% menjadi Rp470,86            financing industry increased by 13.23% to IDR470.86 trillion at the
triliun pada akhir tahun 2023 dari sebelumnya sebesar Rp415,86        end of 2023 from IDR415.86 trillion at the end of 2022.
triliun pada akhir tahun 2022.

Implementasi Strategi dan Inisiatif Strategis                         Implementation of Strategy and Strategic Initiatives

Dalam merumuskan berbagai strategi dan inisiatif strategis            In formulating the Company’s strategies and strategic initiatives,
Perseroan, Direksi berdiskusi dengan Dewan Komisaris untuk            the Board of Directors discussed with the Board of Commissioners
mendapatkan arahan dan masukan.                                       for direction and input.

Kami senantiasa memantau pelaksanaan strategi dan inisiatif           We continuously monitored the implementation of the Company’s
strategis Perseroan melalui mekanisme rapat antara Direksi dan        strategies and strategic initiatives through meetings between the
divisi-divisi di bawahnya. Dengan melakukan upaya tersebut,           Board of Directors and its divisions. With these efforts, the Board
Direksi dapat mengetahui perkembangan strategi dan inisiatif          of Directors was able to monitor the progress of the implemented
strategis yang telah dijalankan, termasuk kendala-kendala yang        strategies and strategic initiatives, including obstacles that might
mungkin dihadapi Perseroan. Seperti kebanyakan perusahaan-            be faced by the Company. Like many other finance companies, the
perusahaan pembiayaan lainnya, Perseroan menghadapi                   Company encountered challenges in the form of deteoriated asset
tantangan berupa kualitas aset yang memburuk dan rasio NPF yang       quality and a significant increase of NPF ratio in 2023. In coping
meningkat secara signifikan di tahun 2023. Untuk mengatasi hal        with this issue, we were focusing on products with high profitability
tersebut, kami berfokus pada produk-produk dengan profitabilitas      and improving our credit screening criteria.
tinggi serta meningkatkan kriteria credit screening.

Sebagai bagian dari upaya untuk memenuhi rencana-rencana              As part of our efforts to meet our business plans, we implemented a
bisnis Perseroan, kami menerapkan sejumlah strategi yang secara       number of strategies that broadly focused on branch performance
garis besar berfokus pada kinerja dan produktivitas cabang,           and productivity, business collaboration, sales strategy, as well as
kolaborasi bisnis, strategi penjualan, dan manajemen risiko dan       risk and collection management.
collection.




              PT JACCS MPM Finance Indonesia
22            Laporan Tahunan 2023 Annual Report
Page 25
    Ikhtisar Kinerja | Performance Highlights      Profil Perseroan | Company Profile          Tata Kelola Perusahaan | Corporate Governance
                                                    Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                        Kinerja Keberlanjutan | Sustainability Performance
                                                 Management Discussion and Analysis




 GESTIK DWI PUJI M.           SUPRIYANTO        KAZUHIRO INOUE            HAJIMU YUKIMOTO          KAZUNORI INOUE          VENKY CHARLES SUTIONO
 Direktur                     Direktur          Direktur Utama            Direktur Keuangan        Direktur                Direktur
 Director                     Director          President Director        Finance Director         Director                Director


Dalam rangka meningkatkan kinerja, kami fokus pada produk                In order to improve performance, we focused on used car financing
pembiayaan mobil bekas dan terus mengembangkan bisnis                    products and continued to develop the two-wheeler financing
produk pembiayaan kendaraan roda dua. Selain itu, juga                   product business. In addition, we also expanded our network with
melakukan perluasan jaringan dengan pembukaan 4 (empat)                  the opening of 4 (four) marketing offices in Kalimantan and East
kantor pemasaran di wilayah Kalimantan dan Jawa Timur, yaitu             Java, namely Batulicin, Nunukan, Lamongan and Bondowoso.
Batulicin, Nunukan, Lamongan dan Bondowoso. Sedangkan untuk              Meanwhile, to follow up on branch operational efficiency, we
menindaklanjuti efisiensi operasional cabang, kami memutuskan            decided to close 3 (three) branches - Aceh, Rokan Hilir and
melakukan penutupan terhadap 3 (tiga) cabang yaitu Aceh, Rokan           Gorontalo.
Hilir dan Gorontalo.

Untuk meningkatkan efisiensi penagihan, kami melakukan                   To improve collection efficiency, we undertook a number of
sejumlah inisiatif, di antaranya menerapkan collection zoning            initiatives, including implementing a collection zoning project by
project dengan membuat pemetaan staf yang lebih terorganisir             creating a more organized staff mapping covering one region,
yang mencakup satu wilayah, digitalisasi proses collection melalui       digitizing the collection process through a new collection system
sistem collection yang baru dan pengembangan mobile collection,          and developing mobile collection, as well as improving the credit
serta peningkatan proses persetujuan kredit dan penyederhanaan           approval process and simplifying Risk Acceptance criteria to speed
kriteria Risk Acceptance untuk mempercepat proses.                       up the process.

Analisis Kinerja Perseroan                                               Company Performance Analysis

Perseroan mencatat pembiayaan baru kendaraan roda dua yang               The Company recorded a 29.58% increase in new booking of
meningkat sebesar 29,58%. Di sisi lain, pembiayaan baru roda             two-wheelers financing. On the other hand, new financing for
empat mengalami penurunan sebesar 7,56% sejalan dengan situasi           four-wheelers dropped by 7.56% in line with the market situation.
pasar. Secara keseluruhan, Perseroan mencatatkan pembiayaan              Overall, the Company posted new booking of IDR4,728 billion,
baru sebesar Rp4.728 miliar, meningkat 3,35% dibandingkan                rose 3.35% compared to IDR4,574 billion in 2022. Approximately
dengan tahun 2022 sebesar Rp4.574 miliar. Sekitar 42% dari total         42% of the total new booking in 2023 was derived from used car
pembiayaan baru di tahun 2023 merupakan pembiayaan baru                  financing.
untuk mobil bekas.

Ditinjau dari laporan posisi keuangan, Perseroan membukukan              In terms of statement of financial positions, the Company booked
total aset tahun 2023 mencapai Rp8,16 triliun, turun 1,63%               total assets IDR8.16 trillion in 2023, down by 1.63% from IDR8.29
dari tahun sebelumnya sebesar Rp8,29 triliun, yang terutama              trillion in the previous year, which was mainly due to a drop in




                                                                                                 PT JACCS MPM Finance Indonesia
                                                                                              Laporan Tahunan 2023 Annual Report                   23
Page 26
                                                                                             accelerating innovation for further growth


disebabkan oleh penurunan kas dan bank dari Rp438,21 miliar                 cash on hand and in banks from IDR438.21 billion to IDR309,04
menjadi Rp309,04 miliar. Sementara itu, piutang pembiayaan                  billion. Meanwhile, financing receivables increased 3.35% from
meningkat 3,35% dari Rp6,39 triliun menjadi Rp6,60 triliun                  IDR6.39 trillion to IDR6.60 trillion consisting of financing contracts
yang terdiri dari kontrak pembiayaan untuk motor, mobil, dan                for motorcycles, cars, and multipurpose financing with a tenor of
pembiayaan multiguna dengan jangka waktu 1-5 tahun. Kinerja                 1-5 years. The performance of financing receivables was a result of
piutang pembiayaan ini merupakan hasil dari penerapan prinsip               the Company’s prudent implementation of the loan disbursement
kehati-hatian Perseroan dalam proses penyaluran kredit.                     process.

Seiring dengan memburuknya qualitas aset, rasio Non-Performing              Along with deterioration of asset quality, the Non-Performing
Financing (NPF) cenderung meningkat dari tahun 2022 sebesar                 Financing (NPF) ratio tended to increase from 2.68% in 2022 to
2.68% menjadi 4.54% pada tahun 2023.                                        4.54% in 2023.

Ditinjau dari Laporan Laba Rugi, pendapatan Perseroan mengalami             In terms of Income Statement, the Company’s revenue increased
peningkatan menjadi Rp1.605 miliar di tahun 2023, dari sebelumnya           to IDR1,605 billion in 2023, from previously IDR1,554 billion in
Rp1.554 miliar di tahun 2022. Selain itu, perolehan laba bersih Perseroan   2022. In addition, the Company’s net profit stood at IDR0.42
tercatat sebesar Rp0,42 miliar, menurun dari tahun sebelumnya               billion, decreased from IDR100.9 billion in the previous year, mainly
sebesar Rp100,9 miliar, terutama disebabkan karena peningkatan              due to an increased cost of credit caused by the deterioration of
biaya kredit (cost of credit) yang disebabkan oleh memburuknya              asset quality.
kualitas aset.

Penerapan Tata Kelola Perusahaan dan Program                                Implementation of Corporate Governance and
Keberlanjutan                                                               Sustainability Program

Dalam hal tata kelola perusahaan, kami tetap konsisten untuk                In terms of corporate governance, we remained consistent in
mematuhi seluruh peraturan perundang-undangan yang relevan                  complying with all laws and regulations relevant to the Company. In
dengan Perseroan. Selain itu, kami juga berusaha meningkatkan               addition, we also strived to improve service quality by implementing
kualitas layanan dengan menerapkan Sistem Pengaduan                         a Customer Complaint System to handle customer complaints.
Pelanggan untuk menangani keluhan konsumen.

Industri multifinance termasuk bidang usaha yang rentan terhadap            The multifinance industry is a business that is vulnerable to fraud
terjadinya fraud yang dilakukan karyawan perusahaan. Terjadinya             committed by company employees. The occurrence of fraud may
fraud dapat memberikan dampak negatif terhadap citra dan                    have a negative impact on the Company’s image and reputation in
reputasi Perseroan di masyarakat maupun investor yang dapat                 the community and investors, which can hamper the Company’s
menghambat pertumbuhan kinerja Perseroan. Dalam menghadapi                  performance growth. In response to this, we have prepared an
hal ini, kami menyiapkan program kampanye antifraud yang                    anti-fraud campaign program that aimed to enhance employee
bertujuan untuk meningkatkan kesadaran karyawan untuk menaati               awareness to comply with applicable rules or regulations and
peraturan atau regulasi yang berlaku dan memiliki sikap integritas          have an attitude of integrity in carrying out their duties and
dalam menjalankan tugas dan tanggung jawabnya, sesuai dengan                responsibilities, adhering to the Company’s values. The antifraud
nilai-nilai Perseroan. Kampanye antifraud dilakukan dengan                  campaign was continuously communicated to all employees, both
memberikan sosialisasi yang berkelanjutan kepada seluruh                    through online training (e-learning) and video learning as well as
karyawan, baik melalui pelatihan secara online (e-learning) dan             emails and wallpapers.
video learning serta email dan wallpaper.

Sebagai bagian dari komitmen kami terhadap aspek lingkungan,                As part of our commitment to the environmental aspect, we
kami terus melanjutkan program penghematan energi guna                      continued the energy saving program to reduce the use of electrical
mengurangi penggunaan energi listrik di lingkungan Perseroan                energy within the Company, particularly in the head office, and
terutama di kantor pusat, dan meningkatkan kesadaran karyawan               enhanced employee awareness about energy efficiency. The
untuk memiliki kebiasaan menghemat energi. Sosialisasi program              program was conducted through campaigns on the Company’s
dilakukan melalui kampanye di media sosial Perseroan di samping             social media in addition to organizing social media competitions
menyelenggarakan kompetisi media sosial bagi seluruh cabang                 for all branches and head office. In addition, we also have policies
dan kantor pusat. Selain itu, kami juga telah memiliki kebijakan            or rules related to the financing of electric vehicles (electric vehicle
atau aturan terkait dengan pembiayaan kendaraan berbasis listrik            and hybrid).
(electric vehicle dan hybrid).

Terkait dengan sumber daya manusia, kami melakukan                          In terms of human resources, we increased the number of
penambahan jumlah karyawan sebanyak 120 orang di tahun 2023.                employees by 120 people in 2023. This was mainly due to the
Hal ini terutama disebabkan oleh adanya perluasan cakupan                   expansion of motorcycle financing business coverage, including
bisnis pembiayaan motor, di antaranya yaitu penambahan staf                 additional marketing staff, operations staff, and collection staff
pemasaran, staf operasi, dan staf collection di tingkat cabang.             at the branch level. In addition, we also consistently developed
Selain itu, kami juga konsisten melakukan pengembangan                      employee competencies through training programs which were
kompetensi karyawan dengan merealisasikan program-program                   held both online and offline. To measure risks related to the




               PT JACCS MPM Finance Indonesia
24             Laporan Tahunan 2023 Annual Report
Page 27
    Ikhtisar Kinerja | Performance Highlights       Profil Perseroan | Company Profile       Tata Kelola Perusahaan | Corporate Governance
                                                     Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                      Kinerja Keberlanjutan | Sustainability Performance
                                                  Management Discussion and Analysis




pelatihan yang diselenggarakan baik secara online maupun offline.         sustainability we implement a risk management system by striving
Untuk mengukur risiko-risiko terkait keberlanjutan, kami menerapkan       to identify and analyze each risk and accurately understand
sistem manajemen risiko dengan berupaya untuk mengidentifikasi            the situation and problems that are discussed in monthly Risk
dan menganalisis setiap risiko serta memahami secara akurat               Management Committee meeting to quickly plan and take efforts
situasi dan permasalahan yang dibahas dalam rapat bulanan Komite          to mitigate risks.
Manajemen Risiko untuk secepatnya merencanakan dan mengambil
upaya-upaya untuk memitigasi risiko.

Prospek Bisnis                                                            Business Outlook

Kondisi ekonomi global dan domestik pada tahun 2024 masih                 Global and domestic economic conditions in 2024 will still provide
memberikan tantangan tersendiri, terutama bagi industri                   challenges, especially for the multifinance industry. Rising inflation
multifinance. Kenaikan inflasi dan suku bunga tinggi akan                 and high interest rates will have an impact on the increase in
berdampak pada kenaikan suku bunga pinjaman. Selain itu,                  borrowing interest rate. In addition, Indonesia is also entering a
Indonesia juga memasuki tahun politik dan diperkirakan menahan            political year and is expected to hold back the pace of investment,
laju investasi, sehingga banyak investor cenderung wait and see           so many investors tend to wait and see in allocating funds. These
dalam mengalokasikan dana. Kondisi-kondisi tersebut tentunya              conditions have the potential to affect the Company's business
berpotensi memengaruhi kinerja bisnis Perseroan.                          performance.

Walaupun demikian, Perseroan memiliki prospek yang baik dengan            Nevertheless, the Company has good prospects with the unlocking
terbukanya peluang pasar pembiayaan kendaraan bermotor di                 opportunities in the motor vehicle financing market in Indonesia.
Indonesia. Dengan membangun fondasi bisnis diharapkan dapat               By building a business foundation, we expect to record a stable
mencatatkan laba yang stabil pada tahun 2024. Selain itu, kami            profit in 2024. In addition, we will focus on expanding profitable
akan memfokuskan diri untuk memperluas pembiayaan produk-                 financing products, conducting proper/fast credit screening, and
produk yang menguntungkan, melakukan credit screening yang                efficient collection.
tepat/cepat, serta melakukan penagihan yang efisien.

Perseroan memiliki keunggulan bersaing yang didukung                      The Company has a competitive advantage underpinned by its
oleh kehadiran geografis nasional, termasuk melalui jaringan              national geographical presence including its network of affiliated
perusahaan afiliasi, dukungan kuat dari pemegang saham yang               companies, and strong support from shareholders which includes
mencakup dukungan bisnis dari PT Mitra Pinasthika Mustika Tbk             business support from PT Mitra Pinasthika Mustika Tbk in relation
sehubungan dengan pembiayaan sepeda motor baru merek                      to financing for new Honda brand motorcycles and support from
Honda dan dukungan dari pemegang saham mayoritas JACCS                    majority shareholder JACCS in obtaining competitive funding
dalam mendapatkan sumber dana yang kompetitif.                            sources.

Apresiasi                                                                 Appreciation

Akhir kata, kami ingin menyampaikan rasa terima kasih kepada              Finally, we would like to express our gratitude to our shareholders,
para pemegang saham, mitra bisnis, pelanggan, dan masyarakat              business partners, customers, and communities as well as other
serta para pemangku kepentingan lainnya atas dukungan dan                 stakeholders for their continued support and trust in the Company.
kepercayaan mereka yang berkelanjutan kepada Perseroan.                   In addition, we would also like to express our great appreciation
Selain itu, kami juga ingin menyampaikan apresiasi yang besar             to the Board of Commissioners, management, and all employees
kepada Dewan Komisaris, manajemen, dan seluruh karyawan                   of the Company for their dedication, hard work, and contribution
Perseroan atas dedikasi, kerja keras dan kontribusinya terhadap           to the Company’s business journey. Amidst the dynamics of an
perjalanan bisnis Perseroan. Di tengah dinamika dunia bisnis yang         increasingly competitive business world, we hope to continue
semakin kompetitif, kami berharap dapat terus menghasilkan                producing various innovations to achieve better growth in the
beragam inovasi untuk meraih pertumbuhan yang lebih baik di               future, allowing us to slowly but surely be among the top ten best
masa depan sehingga perlahan tapi pasti mampu berada di jajaran           in Indonesia.
sepuluh besar terbaik di Indonesia.



                                                      Untuk dan atas nama Direksi
                                                    On behalf of the Board of Directors




                                                          KAZUHIRO INOUE
                                                              Direktur Utama
                                                             President Director




                                                                                               PT JACCS MPM Finance Indonesia
                                                                                            Laporan Tahunan 2023 Annual Report                   25
Page 28

          
Page 29
PROFIL
PERSEROAN
COMPANY PROFILE

Identitas Umum Perseroan                  28
General Identity of the Company
Informasi Perubahan Nama                  28
Information on Name Change
Sekilas Perseroan                         29
The Company at a Glance
Jejak Langkah                             30
Milestones
Visi, Misi, dan Nilai-Nilai Perseroan     32
CorporateVision, Mission, and Values
Skala Usaha                               34
Business Scale
Wilayah Operasional                       34
Operational Area
Kegiatan Usaha                            35
Business Activities
Keanggotaan pada Asosiasi                 37
Association Membership
Perubahan yang Bersifat Signifikan        37
Significant Changes
Struktur Organisasi                       38
Organizational Structure
Profil Dewan Komisaris                    40
Board of Commissioners' Profile
Profil Direksi                            46
Board of Directors' Profile
Komposisi Pemegang Saham                  53
Shareholder Composition
Struktur Kepemilikan Saham                54
Shareholding Structure
Informasi Mengenai Pemegang Saham         56
Utama dan Pengendali
Information on Majority and Controlling
Shareholders
Entitas Anak, Perusahaan Asosiasi, dan    56
Perusahaan Ventura Bersama
Subsidiaries, Associates, and Joint
Ventures
Kronologis Pencatatan Saham               57
Share Listing Chronology
Kronologis Pencatatan Efek Lainnya        57
Other Securities Listing Chronology
Lembaga dan/atau Profesi Penunjang        57
Pasar Modal
Capital Market Supporting Institutions
and/or Professionals
Sumber Daya Manusia                       58
Human Resources
Teknologi Informasi (TI)                  62
Information Technology (IT)
Informasi pada Situs Web Perseroan        65
Information on the Company’s Website
Page 30
                                                                                       accelerating innovation for further growth



IDENTITAS UMUM PERSEROAN
GENERAL IDENTITY OF THE COMPANY


Nama Perseroan                                Alamat [C.2]                                    Tanggal Pendirian
Company Name                                  Address                                         Date of Establishment
PT JACCS Mitra Pinasthika Mustika             Kantor Pusat/Head Office                        3 Mei 1990
Finance Indonesia                             Lippo Kuningan, Lantai 23 & 25                  May 3, 1990
(JACCS MPM Finance Indonesia)                 Jl. H.R. Rasuna Said Kav. B-12 Kuningan
                                              Jakarta 12940 Indonesia

Dasar Hukum Pendirian
Legal Basis of Establishment
Akta Pendirian                                                       Deed of Establishment
Akta Notaris Rachmat Santoso, S.H., No. 26 telah disahkan oleh       Notarial Deed of Rachmat Santoso, S.H., No. 26 has been ratified
Menteri Kehakiman Republik Indonesia (sekarang Menteri Hukum         by the Minister of Justice of the Republic of Indonesia (now the
dan Hak Asasi Manusia) melalui Surat Keputusan No. C2-4110.          Minister of Law and Human Rights) through Decree No. C2-4110.
HT.01.01.Th.90 tanggal 16 Juli 1990 dan telah dipublikasikan dalam   HT.01.01.Th.90 dated July 16, 1990 and was published in the State
Berita Negara Republik Indonesia No. 85 Tanggal 22 Oktober           Gazette of the Republic of Indonesia No. 85 Dated 22 October
1996, Tambahan Lembar Negara No. 8963.                               1996, Supplement to State Gazette No. 8963.

Akta Perubahan Terakhir                                              Latest Amendment Deed
Akta Pernyataan Keputusan Pemegang Saham Perubahan                   Deed of Shareholder Resolutions Statement Amendment to the
Anggaran Dasar Perubahan Nama PT Mitra Pinasthika Mustika            Articles of Association on Change of Name of PT Mitra Pinasthika
Finance Menjadi PT JACCS Mitra Pinasthika Mustika Finance            Mustika Finance to PT JACCS Mitra Pinasthika Mustika Finance
Indonesia No. 37 tanggal 6 Desember 2019, yang dibuat di             Indonesia No. 37 dated December 6, 2019, made before Jose Dima
hadapan Jose Dima Satria, S.H., M.Kn., Notaris di Jakarta Selatan,   Satria, S.H., M.Kn., Notary in South Jakarta, which has been ratified
yang telah mendapatkan persetujuan dari Menteri Hukum dan            by the Minister of Law and Human Rights based on Decree dated
HAM berdasarkan Surat Keputusan Tanggal 10 Desember 2019             December 10, 2019 No. AHU-0103193.AH.01.02 YEAR 2019.
No. AHU-0103193.AH.01.02 TAHUN 2019.

Modal Dasar                                   Layanan Konsumen                                Situs Web
Authorized Capital                            Customer Care                                   Website
Rp1.224.475.000.000                           1500309                                         www.jaccs-mpmfinance.com

Email                                         Telepon                                         Faksimile
                                              Telephone                                       Fax
corporate.secretary@jaccs-mpmfinance.com      (021) 29710100                                  (021) 29110313




INFORMASI PERUBAHAN NAMA
INFORMATION ON NAME CHANGE


                               Tahun perubahan nama Perseroan Year of change of the Company name




        1990                        1993                       2003                           2012                          2019

PT Elbatama Securindo       PT Elbatama Finance         PT Austindo Nusantara         PT Mitra Pinasthika             PT JACCS Mitra
                                                         Jaya Finance (ANJF)         Mustika Finance (MPM            Pinasthika Mustika
                                                                                           Finance)                  Finance Indonesia
                                                                                                                   (JACCS MPM Finance
                                                                                                                         Indonesia)




             PT JACCS MPM Finance Indonesia
28           Laporan Tahunan 2023 Annual Report
Page 31
    Ikhtisar Kinerja | Performance Highlights      Profil Perseroan | Company Profile       Tata Kelola Perusahaan | Corporate Governance
                                                    Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                     Kinerja Keberlanjutan | Sustainability Performance
                                                 Management Discussion and Analysis




SEKILAS PERSEROAN
THE COMPANY AT A GLANCE


PT JACCS Mitra Pinasthika Mustika Finance Indonesia (Perseroan)          PT JACCS Mitra Pinasthika Mustika Finance Indonesia (the
didirikan pada tanggal 3 Mei 1990, dengan nama PT Elbatama               Company) was established on May 3, 1990 under the name PT
Securindo, berdasarkan Akta Pendirian No. 26 tanggal 3 Mei               Elbatama Securindo, pursuant to the Deed of Establishment No. 26
1990, dibuat di hadapan Rachmat Santoso, S.H., Notaris di Jakarta,       dated May 3, 1990, made before Rachmat Santoso, S.H., Notary in
sebagaimana diperbaiki oleh Akta No. 327 tanggal 30 Juni 1990,           Jakarta, as amended by Deed No. 327 dated June 30, 1990, drawn
dibuat di hadapan Rachmat Santoso, S.H., Notaris di Jakarta.             up before Rachmat Santoso, S.H., Notary in Jakarta. On July 16,
Pada tanggal 16 Juli 1990 Perseroan mendapatkan status hukum             1990, the Company obtained its legal status based on the Decree
berdasarkan Surat Keputusan Menteri Kehakiman No. C2-4110.               of the Minister of Justice No. C2-4110.HT.01 01.Th.90 and on July
HT.01.01.Th.90 dan pada tanggal 26 Juli 1990 telah didaftarkan           26, 1990 has been registered in the register of the Central Jakarta
pada buku register Pengadilan Negeri Jakarta Pusat No. 1583/1990,        District Court No. 1583/1990, and on October 22, 1996, it was
serta pada tanggal 22 Oktober 1996 telah diumumkan di Berita             announced in the State Gazette of the Republic of Indonesia (BNRI)
Negara Republik Indonesia (BNRI) No. 85 dan Tambahan Berita              No. 85 and the Supplement to the State Gazette of the Republic of
Negara Republik Indonesia (TBNRI) No. 8963.                              Indonesia (TBNRI) No. 8963.


Pada tahun 1993, Perseroan merubah kegiatan usahanya menjadi             In 1993, the Company changed its name to PT Elbatama Finance
perusahaan pembiayaan dan mengubah nama menjadi PT                       in line with the change of its business activities as a finance
Elbatama Finance. Seiring dengan perkembangan, pada tahun                company. In 2000, PT Elbatama Finance was acquired by PT
2000, PT Elbatama Finance diakuisisi oleh PT Austindo Nusantara          Austindo Nusantara Jaya (ANJ) followed by a name change from
Jaya (ANJ), dan kemudian di tahun 2003, PT Elbatama Finance              PT Elbatama Finance to PT Austindo Nusantara Jaya Finance
mengubah namanya menjadi PT Austindo Nusantara Jaya Finance              (ANJF). In 2010, PT Austindo Nusantara Jaya acquired 94% of
(ANJF). Pada tahun 2010, ANJ mengakuisisi 94% saham ANJF                 ANJ shares through PT Austindo Nusantara Jaya Rent (ANJR), a
melalui PT Austindo Nusantara Jaya Rent (ANJR) salah satu anak           subsidiary of ANJ. And in 2012, ANJR divested ANJF shares to PT
perusahaan ANJ. Dan pada tahun 2012, ANJR melepaskan saham               Mitra Pinasthika Mustika Tbk (MPM) followed by a name change
ANJF kepada PT Mitra Pinasthika Mustika Tbk (MPM) dan Perseroan          in 2013 to PT Mitra Pinasthika Mustika Finance (MPM Finance).
mengubah nama menjadi PT Mitra Pinasthika Mustika Finance                In the same year, MPM also increased its share ownership in the
(MPM Finance). MPM kemudian menambah porsi kepemilikan                   Company from 64.9% to 99.9%.
saham Perseroan dari 64,9% menjadi 99,9% di tahun 2013.


Di tahun 2014, MPM melakukan penggabungan usaha 2 (dua)                  In 2014, MPM took a corporate action in merging its 2 (two)
anak usahanya, yaitu MPM Finance dan PT Sasana Artha Finance             subsidiaries, namely MPM Finance and PT Sasana Artha Finance
(SAF). Dalam aksi korporasi ini, Perseroan menjadi penerima              (SAF), making the Company as the surviving entity with JACCS Co.,
penggabungan (surviving entity). Kemudian pemegang 40% saham             Ltd. (JACCS) as the shareholder of SAF’s 40% paid-in capital.
dari modal disetor SAF, yaitu JACCS Co., Ltd. (JACCS), menambah
modal disetor kepada Perseroan, dengan demikian kepemilikan
sahamnya menjadi 40%.


Pada 17 Mei 2017, MPM mengalihkan 20% kepemilikan saham di               On May 17, 2017, MPM transferred 20% of its shareholding in
Perseroan kepada JACCS sehingga JACCS menjadi pemegang                   the Company to JACCS, therefore, JACCS became the majority
saham mayoritas dengan kepemilikan 60% dan MPM 40%.                      shareholder with 60% ownership and MPM 40%. In 2019, the
Perseroan melakukan perubahan nama menjadi PT JACCS Mitra                Company changed its name to PT JACCS Mitra Pinasthika Mustika
Pinasthika Mustika Finance Indonesia (JACCS MPM Finance                  Finance Indonesia (JACCS MPM Finance Indonesia) in accordance
Indonesia) sesuai dengan Keputusan Menteri Hukum dan Hak                 with the Decree of the Minister of Law and Human Rights of the
Asasi Manusia Republik Indonesia No. AHU-0103193AH.01.02.                Republic of Indonesia No. AHU-0103193AH.01.02. of 2019 on
Tahun 2019 tanggal 10 Desember 2019. Sebagai tindak lanjut dari          December 10, 2019. In 2021, the Company also introduced its new
perubahan nama tersebut, Perseroan juga memperkenalkan logo              logo on January 1, 2021.
baru Perseroan pada 1 Januari 2021.




                                                                                             PT JACCS MPM Finance Indonesia
                                                                                          Laporan Tahunan 2023 Annual Report                    29
Page 32
                                                                                     accelerating innovation for further growth



JEJAK LANGKAH
MILESTONES


                                                            2000                       2015

                                                 2000                                        2013
                                                 PT Austindo Nusantara     Jaya    (ANJ)     Porsi kepemilikan saham Perseroan oleh
                                                 mengakuisisi PT Elbatama Finance.           MPM bertambah dari 64,9% menjadi
                                                                                             99,9%.
     1990           1994
                                                 PT Austindo Nusantara Jaya       (ANJ)
                                                 acquired PT Elbatama Finance.               MPM increased its portion of share
 1990                                                                                        ownership in the Company, from 64.9%
 Perseroan didirikan dengan       nama           2003                                        to 99.9%.
 PT Elbatama Securindo.                          Perseroan melakukan perubahan nama
                                                 menjadi PT Austindo Nusantara Jaya          2014
 The Company was established under the           Finance (ANJF).                             •   Perseroan melakukan merger dengan
 name of PT Elbatama Securindo.                                                                  PT Sasana Artha Finance (SAF) dan
                                                 The Company changed its name to                 menjadi penerima penggabungan
 1993                                            PT Austindo Nusantara Jaya Finance              atau surviving entity.
 PT   Elbatama   Securindo  berganti             (ANJF).                                     •   JACCS Co., Ltd. sebagai pemegang
 nama menjadi PT Elbatama Finance                                                                saham dengan kepemilikan 40%
 dan mengubah haluan bisnis menjadi              2010                                            dari modal disetor SAF, melakukan
 perusahaan pembiayaan.                          ANJ mengakuisisi 94% saham ANJF                 peningkatan modal disetor Perseroan
                                                 melalui PT Austindo Nusantara Jaya Rent         menjadi 40%.
 PT Elbatama Securindo changed its name          (ANJR), salah satu anak perusahaan ANJ.
 to PT Elbatama Finance and shifted its                                                      •   The Company merged with PT Sasana
 business to become a finance company.           ANJ acquired 94% of ANJF shares                 Artha Finance (SAF) and became the
                                                 through PT Austindo Nusantara Jaya              surviving entity.
 1994                                            Rent (ANJR), a subsidiary of ANJ.           •   As a shareholder representing 40%
 Memperoleh       lisensi   perusahaan                                                           of SAF’s paid-up capital, JACCS Co.,
 pembiayaan dari Kementerian Keuangan.           2012                                            Ltd. increased its paid-up capital in
                                                 PT Mitra Pinasthika Mustika Tbk (MPM)           the Company to 40%.
 Obtained the finance company license            mengakuisisi saham ANJF yang dimiliki
 from the Ministry of Finance.                   ANJR serta mengubah namanya menjadi         2015
                                                 PT Mitra Pinasthika Mustika Finance         Perseroan     memperoleh        fasilitas
                                                 (MPM Finance).                              pinjaman sindikasi luar negeri sebesar
                                                                                             USD150 juta.
                                                 PT Mitra Pinasthika Mustika Tbk (MPM)
                                                 acquired ANJF’s shares held by ANJR and     The Company received an offshore
                                                 changed its name to PT Mitra Pinasthika     syndicated loan of USD150 million.
                                                 Mustika Finance (MPM Finance).




            PT JACCS MPM Finance Indonesia
30          Laporan Tahunan 2023 Annual Report
Page 33
    Ikhtisar Kinerja | Performance Highlights        Profil Perseroan | Company Profile        Tata Kelola Perusahaan | Corporate Governance
                                                      Analisis dan Diskusi Manajemen
Laporan Manajemen | Management Report                                                         Kinerja Keberlanjutan | Sustainability Performance
                                                   Management Discussion and Analysis




                2016                            2023

2016                                               2018                                               2022
•    Perseroan menerbitkan Medium Term             •   Perseroan    memperoleh         fasilitas      •   Perseroan menerbitkan Obligasi
     Notes (MTN) senilai Rp300 miliar.                 pinjaman sindikasi luar negeri sebesar             Berkelanjutan I JACCS MPM Finance
•    Perseroan    memperoleh         fasilitas         USD333 juta.                                       Indonesia Tahap I Tahun 2022
     pinjaman sindikasi luar negeri sebesar        •   Perseroan memperoleh peringkat AA                  sebesar Rp600 miliar.
     USD133 juta.                                      dari Fitch.                                    •   Perseroan    memperoleh         fasilitas
                                                   •   Total aset Perseroan mencapai Rp10                 pinjaman sindikasi luar negeri sebesar
•    The Company issued Medium Term                    triliun.                                           USD250 juta.
     Notes (MTN) amounting to IDR300                                                                  •   Perseroan menerbitkan Medium Term
     billion.                                      •   The Company received an offshore                   Notes (MTN) senilai Rp300 miliar.
•    The Company received an offshore                  syndicated loan of USD333 million.
     syndicated loan of USD133 million.            •   The Company obtained an AA rating              •   The Company issued JACCS MPM
                                                       from Fitch.                                        Finance Indonesia Shelf Registration
2017                                               •   The Company’s total assets reached                 Bonds I Phase I Year 2022 of IDR600
•    JACCS          mengakuisisi        20%            IDR10 trillion.                                    billion.
     kepemilikan saham Perseroan dari                                                                 •   The Company received an offshore
     MPM dan menjadi pemegang saham                2019                                                   syndicated loan of USD250 million.
     mayoritas dengan kepemilikan 60%,             •   Perseroan    memperoleh         fasilitas      •   The Company issued Medium Term
     sedangkan MPM memegang 40%                        pinjaman sindikasi luar negeri sebesar             Notes (MTN) of IDR300 billion.
     saham Perseroan.                                  USD250 juta.
•    Perseroan      memperoleh       fasilitas     •   Perseroan menerbitkan Obligasi MPM             2023
     pinjaman sindikasi luar negeri sebesar            Finance I Tahun 2019 sebesar Rp664             Perseroan     menerbitkan       Obligasi
     USD190 juta.                                      miliar.                                        Berkelanjutan I JACCS MPM Finance
•    Perseroan memperoleh peringkat AA-            •   Perseroan berganti nama menjadi                Indonesia Tahap II Tahun 2023 senilai
     dari PT Fitch Ratings Indonesia (Fitch).          PT JACCS Mitra Pinasthika Mustika              Rp400 miliar yang terdiri dari seri A
                                                       Finance Indonesia (JACCS MPM                   sebesar Rp170 miliar dan seri B sebesar
•    JACCS acquired 20% of the                         Finance Indonesia).                            Rp230 miliar.
     Company’s share ownership from
     MPM and became a majority                     •   The Company received an offshore               The Company issued JACCS MPM
     shareholder with 60% ownership,                   syndicated loan of USD250 million.             Finance Indonesia Shelf Registration
     while MPM held 40% of the Company’s           •   The Company issued MPM Finance                 Bonds I Phase II Year 2023 worth IDR400
     shares.                                           Bonds I Year 2019 amounting to                 billion, consisting of series A of IDR170
•    The Company received an offshore                  IDR664 billion.                                billion and series B of IDR230 billion.
     syndicated loan of USD190 million.            •   The Company changed its name to
•    The Company obtained an AA- rating                PT JACCS Mitra Pinasthika Mustika
     from PT Fitch Ratings Indonesia                   Finance Indonesia (JACCS MPM
     (Fitch).                                          Finance Indonesia).


                                                   2021
                                                   Memperkenalkan logo baru Perseroan.
                                                   The Company introduced its new logo.




                                                                                                 PT JACCS MPM Finance Indonesia
                                                                                              Laporan Tahunan 2023 Annual Report                   31
Page 34
                                                                                   accelerating innovation for further growth



VISI, MISI, DAN NILAI-NILAI PERSEROAN [C.1]
CORPORATE VISION, MISSION, AND VALUES



                      VISI
                      VISION
Menjadi perusahaan pembiayaan terpercaya yang memberikan
pelayanan terbaik dengan inovasi berkesinambungan bagi seluruh
masyarakat.




                      MISI
                      MISSION
Memberikan solusi produk-produk pembiayaan yang dibutuhkan
oleh masyarakat dan sesuai dengan ketetapan perundangan dan
ketentuan yang berlaku.

Memiliki sumber daya manusia yang berkualitas tinggi, kreatif, inovatif,
penuh integritas serta melayani dengan hormat dan rendah hati.

Berorientasi terhadap kemajuan dan perkembangan masa depan yang
dinamis melalui keunggulan teknologi untuk memberikan keuntungan
terbaik bagi seluruh stakeholder.




Untuk tahun buku 2023, visi dan misi Perseroan telah ditinjau dan   The Company’s vision and mission have been reviewed by the
di-review oleh Direksi dan Dewan Komisaris, sehingga dinyatakan     Board of Commissioners and Directors in 2023. Based on the
masih layak dan sesuai dengan kondisi Perseroan saat ini.           review, the vision and mission are still considered as relevant to
                                                                    the Company’s condition.



              PT JACCS MPM Finance Indonesia
32            Laporan Tahunan 2023 Annual Report
Page 35
   Ikhtisar Kinerja | Performance Highlights     Profil Perseroan | Company Profile    Tata Kelola Perusahaan | Corporate Governance
                                                  Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                Kinerja Keberlanjutan | Sustainability Performance
                                               Management Discussion and Analysis




                        NILAI-NILAI PERSEROAN
                        CORPORATE VALUES

Perseroan senantiasa mengimplementasikan nilai-nilai serta             The Company always implements the values and work culture
budaya kerja yang tertuang dalam nilai-nilai Perseroan “FAST           contained in the “FAST FRIENDLY” corporate values, which is
FRIENDLY”.                                                             described as follows.




                 FOCUS                                  ACCURATE                                           SPEED
           Fokus pada kebutuhan                   Menyediakan solusi yang tepat                     Memberikan pelayanan
                konsumen                           sesuai kebutuhan konsumen                            yang cepat




                 TRUST                                         FAIR                                     RESPECT
               Menjadi mitra                      Menjaga terlaksananya hak dan                           Menghormati
            yang dapat dipercaya                 kewajiban konsumen & Perseroan                            konsumen




             INTEGRITY                                    EMPATHY                                  NURTURANCE
    Bertindak sesuai dengan ketentuan          Dapat merasakan perasaan konsumen                        Peduli kepada
            dan tanpa pamrih                   namun tidak hanyut dalam suasananya                   kebutuhan konsumen




              DYNAMIC                                       LISTEN                                 YES, WE CAN!
         Selalu bersemangat dalam                  Menjadi pendengar yang baik                           Kita PASTI Bisa
            melayani konsumen                           untuk konsumen




                                                                                         PT JACCS MPM Finance Indonesia
                                                                                      Laporan Tahunan 2023 Annual Report                   33
Page 36
                                                                                       accelerating innovation for further growth



SKALA USAHA [C.3]
BUSINESS SCALE


Skala usaha Perseroan pada posisi 31 Desember 2023 dalam               The Company’s business scale as of December 31, 2023, in
perbandingan selama 3 (tiga) tahun terakhir adalah sebagai berikut:    comparison to the last 3 (three) years are as follows:


Jumlah Aset dan Liabilitas Perseroan                                             Total Assets and Liabilities of the Company
Dalam jutaan Rupiah                                                                                                        In millions of Rupiah

Keterangan                                            2023            2022         2021                                          Description
LAPORAN POSISI KEUANGAN                                                                             STATEMENT OF FINANCIAL POSITION
Jumlah Aset                                        8.158.042     8.292.807      7.720.180                                        Total Assets
Jumlah Liabilitas                                  6.450.979      6.551.977     6.145.918                                     Total Liabilities
Jumlah Ekuitas                                      1.707.063     1.740.830     1.574.262                                         Total Equity




WILAYAH OPERASIONAL
OPERATIONAL AREA

Berikut lokasi kantor cabang dan kantor pemasaran berdasarkan          The Company’s branch offices and marketing offices are located
wilayah operasionalnya:                                                as follows:


  SUMATRA
  19 cabang
                                                                                                                        90 cabang
  19 branch offices
                                                                                                                       dan 5 kantor
                                                                        KALIMANTAN                                      pemasaran
                                                                        11 cabang 2 kantor                           90 branch offices
                                                                        pemasaran                                    and 5 marketing
                                                                        11 branch offices and 2                           offices
                                                                        marketing offices


                                                                                                  SULAWESI
  JABODETABEK                                                                                     7 kantor cabang
  9 cabang                                                                                        7 branch offices
  9 branch offices




  JAWA/JAVA
  33 cabang dan
  2 kantor pemasaran
  33 branch offices and
  2 marketing offices                  BALI & NUSA TENGGARA
                                       11 cabang dan 1 kantor
                                       pemasaran
                                       11 branch offices and
                                       1 marketing office




Hingga 31 Desember 2023, Perseroan memiliki total 90 kantor            As of December 31, 2023, the Company had a total of 90 branch
cabang dan 5 kantor pemasaran di seluruh Indonesia.                    offices and 5 marketing offices throughout Indonesia.



              PT JACCS MPM Finance Indonesia
34            Laporan Tahunan 2023 Annual Report
Page 37
   Ikhtisar Kinerja | Performance Highlights     Profil Perseroan | Company Profile       Tata Kelola Perusahaan | Corporate Governance
                                                  Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                   Kinerja Keberlanjutan | Sustainability Performance
                                               Management Discussion and Analysis




KEGIATAN USAHA [C.4]
BUSINESS ACTIVITIES




Berdasarkan Anggaran Dasar, Perseroan menjalankan kegiatan             Based on the Articles of Association, the Company carries out
usaha yang meliputi:                                                   business activities, which include:
1. Pembiayaan Investasi                                                1. Investment Financing
2. Pembiayaan Modal Kerja                                              2. Working Capital Financing
3. Pembiayaan Multiguna                                                3. Multipurpose Financing
4. Kegiatan usaha pembiayaan lain berdasarkan persetujuan OJK          4. Other financing business activities based on OJK approval


Berdasarkan keputusan Menteri Keuangan No. 68/KMK.017/1994             Based on the decree of the Minister of Finance No. 68/KMK.017/1994
tanggal 5 Maret 1994 sebagaimana telah diubah dengan Keputusan         dated March 5, 1994 as amended by Decree of the Minister of
Menteri Keuangan No. Kep-421/KM.6/2003 tanggal 1 Desember              Finance No. Kep-421/KM.6/2003 dated December 1, 2003 and
2003 dan Keputusan Menteri Keuangan No. Kep-143/KM.10/2012             Decree of the Minister of Finance No. Kep-143/KM.10/2012 dated
tanggal 16 Maret 2012, Perseroan memiliki izin untuk menjalankan       March 16, 2012, the Company obtained the license to conduct
usaha sebagai lembaga pembiayaan. Usaha pembiayaan yang                business as a finance company. The finance business carried out
dilakukan Perseroan di antaranya:                                      by the Company includes:


Pembiayaan Konsumen                                                    Consumer Finance

Kegiatan pembiayaan konsumen yang dilakukan Perseroan                  The Company’s consumer finance activities are as follows:
meliputi:
1. Pembiayaan Kendaraan Roda Empat                                     1.   Four-wheeled Vehicle Financing
    Perseroan menyediakan fasilitas pembiayaan kendaraan roda               The Company provides financing facilities for four-wheeled
    empat untuk keperluan pribadi atau komersial (baik kendaraan            vehicles of personal or commercial use (both new and used
    baru maupun kendaraan bekas) melalui jaringan diler resmi               vehicles) through an extensive network of authorized dealers
    dan showroom rekanan yang luas. Jenis kendaraan yang                    and partner showrooms. Types of vehicles available for
    dapat dibiayai meliputi sedan, jeep, minibus, pickups, light            financing include sedans, jeeps, minibuses, pickups, light
    truck dan heavy truck.                                                  trucks, and heavy trucks.




                                                                                           PT JACCS MPM Finance Indonesia
                                                                                        Laporan Tahunan 2023 Annual Report                    35
Page 38
                                                                                          accelerating innovation for further growth



2. Pembiayaan Kendaraan Roda Dua                                          2. Two Wheeled Vehicle Financing
   Perseroan berfokus pada pembiayaan sepeda motor baru                      The Company focuses on financing for new motorcycles of
   merek Honda melalui sinergi yang baik dengan grup MPM,                    Honda brand through good synergy with the MPM group,
   khususnya MPM Mulia dan MPM Motor. Selain itu Perseroan                   especially MPM Mulia and MPM Motor. In addition, the
   juga menyediakan pembiayaan motor bekas melalui jaringan                  Company also provides financing for used motorcycles
   showroom rekanan yang luas.                                               through an extensive network of partner showrooms.
3. Fasilitas Dana                                                         3. Funding Facility
   Pembiayaan dengan tujuan pemenuhan kebutuhan konsumtif                    Financing designed to meet debtors’ consumption needs for
   bagi debitur dengan beragam tujuan/multiguna, misal untuk                 a variety of purposes/multipurposes, such as children’s school
   keperluan biaya sekolah anak, biaya rumah sakit hingga                    fees, hospital fees, and house renovations, among others.
   renovasi rumah, dan lain-lain.
4. Pembiayaan Multiproduk                                                 4. Multiproduct Financing
   Perseroan menyediakan fasilitas pembiayaan untuk keperluan                The Company provides financing facilities for household and
   pengadaan rumah tangga dan elektronik.                                    electronic procurement purposes.


Sewa Pembiayaan                                                           Finance Lease

Dalam bidang usaha sewa pembiayaan, Perseroan menyediakan                 In the finance lease business, the Company provides financing
fasilitas pembiayaan untuk memenuhi kebutuhan modal di                    facilities to meet capital needs in various industries, such as
industri, termasuk manufaktur, perkebunan, transportasi, properti,        manufacturing, plantations, transportation, property, logistics, and
logistik, dan pertambangan di Indonesia. Jenis barang modal yang          mining in Indonesia. Types of capital goods available for financing
dibiayai meliputi alat berat (excavator, wheel loader, forklift, crane,   include heavy equipment (excavators, wheel loaders, forklifts,
bulldozer) dan mesin (printing, molding) baik dalam keadaan baru          cranes, bulldozers) and machines (printing, molding) for either new
atau bekas.                                                               or used products.


Produk Berdasarkan Jenis Aset                                             Products by Asset Type

Portofolio produk berdasarkan jenis aset, adalah sebagai berikut:         The portfolio of products by asset type is as follows:
a. Mobil Baru dan Mobil Bekas                                             a. New Cars and Used Cars
b. Motor Baru dan Motor Bekas                                             b. New Motorcycles and Used Motorcycles
c. Fasilitas Dana – Mobil dan Motor                                       c. Funding facility – Cars and Motorcycles
d. Multiproduk                                                            d. Multiproduct
e. Alat Berat (Truk dan alat transportasi umum, Mesin-mesin, Lain-        e. Heavy Equipment (Trucks, public transportations, Machineries,
    lain)                                                                    etc.)
f. Properti                                                               f. Property




               PT JACCS MPM Finance Indonesia
36             Laporan Tahunan 2023 Annual Report
Page 39
   Ikhtisar Kinerja | Performance Highlights     Profil Perseroan | Company Profile       Tata Kelola Perusahaan | Corporate Governance
                                                  Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                   Kinerja Keberlanjutan | Sustainability Performance
                                               Management Discussion and Analysis




KEANGGOTAAN ASOSIASI [C.5]
ASSOCIATION MEMBERSHIP


Dalam rangka mendukung pengembangan dan memperluas                     As an effort of development, business network expansion, and
jaringan bisnis serta meningkatkan kredibilitas, Perseroan             credibility increase, the Company actively participates as a member
berpartisipasi aktif dalam keanggotaan asosiasi. Hingga 31             in a number of organizations. As of December 31, 2023, the
Desember 2023, keanggotaan asosiasi yang diikuti Perseroan,            Company is registered as a member in the following associations:
antara lain:


Nama Asosiasi                                                       Kedudukan dalam Asosiasi            Lingkup Nasional/Internasional
Name of Association                                                  Position in the Association          National/International Scope

APPI (Asosiasi Perusahaan Pembiayaan Indonesia)                                Anggota                                Nasional
(Indonesian Financial Services Association)                                    Member                                 National

BMPPVI (Badan Mediasi Pembiayaan, Pegadaian dan Ventura                        Anggota                                Nasional
Indonesia)                                                                     Member                                 National
(Indonesian Financing, Pawnshop and Venture Mediation
Agency)




PERUBAHAN YANG BERSIFAT SIGNIFIKAN [C.6]
SIGNIFICANT CHANGES


Pada tahun 2023, terdapat perubahan signifikan pada Perseroan          In 2023, there were significant changes at the Company including
berupa perubahan jumlah kantor cabang dan kantor pemasaran.            changes in the number of branch offices and marketing offices. The
Jumlah kantor cabang dan kantor pemasaran Perseroan dapat              number of the Company’s branch offices and marketing offices can
dilihat pada bagian Wilayah Operasional.                               be seen in the Operational Areas section.




                                                                                            PT JACCS MPM Finance Indonesia
                                                                                         Laporan Tahunan 2023 Annual Report                   37
Page 40
                                                                                               accelerating innovation for further growth



STRUKTUR ORGANISASI
ORGANIZATIONAL STRUCTURE


Per Desember 2023
As of December 2023                                                                                               Dewan Komisaris
                                                                                                               Board of Commissioners



                                                                                                                        Direksi
                                                                                                                   Board of Directors



                                                                                                                   President Director
                                                                                                                    KAZUHIRO INOUE*




                                               Retail Business Director                                      Corporate Business Director
                                                    GESTIK DWI PUJI                                            VENKY CHARLES SUTIONO




                            Collection
     Collection                                          Sales &
                             Strategy
   NUGROHO BUDI                                         Marketing
                            KATSUSHI
     SANTOSO                                            MELINDA
                             HARADA



                               Regional Manager (Retail)
                               JAMIN                   Sumatra Bagian Utara/Northern Sumatra                             Regional Manager
                               LINA FARIDA             Riau                                             Special Asset    (Corporate)
                                                                                                        Management
                               ARWANDI                 Sumatra Bagian Selatan/Southern                                   TONY LIM       Sumatra
                                                       Sumatra                                                           WILLY          Jawa Bali/
                               HENDRAWAN               Jakarta Tangerang Bekasi                                          SETYADI        Java Bali
                               ANGGIE MAYANG           Jawa Barat/West Java                                              DJONY          Kalimantan
                                                                                                                                        Sulawesi
                               GRAHA JUSMANTO          Jawa Tengah/Central Java
                               RONALD WIDIJA           Jawa Timur-Barat/East Java-Western
                                                       Area
                               FAJAR NUGROHO           Jawa Timur – Utara /East Java –
                                                       Northern Area                                                         Branch Manager
                               M. WILDAN MUFLIHIN      Jawa Timur – Selatan /East Java -                                       (Corporate)
                                                       Southern Area
                               ISMANADI                Kalimantan
                               ICHWAN DWI PRATOMO Bali Nusa Tenggara
                               ENRIKO MUKTAR           Sulawesi




                                                 Branch Manager (Retail)




            Executive Committee under Board of Directors


                Asset & Liability             Early Alert                Retail Alert          Operational Risk Management     Risk Management
                  Committee                   Committee                  Committee                      Committee                 Committee




* Menjabat pada bulan Januari 2024/Assigned in January 2024


               PT JACCS MPM Finance Indonesia
38             Laporan Tahunan 2023 Annual Report
Page 41
   Ikhtisar Kinerja | Performance Highlights           Profil Perseroan | Company Profile    Tata Kelola Perusahaan | Corporate Governance
                                                        Analisis dan Diskusi Manajemen
Laporan Manajemen | Management Report                                                       Kinerja Keberlanjutan | Sustainability Performance
                                                     Management Discussion and Analysis




                                   Nomination &                       Risk
     Audit
                                   Remuneration                     Monitoring
   Committee
                                    Committee                       Committee




                                 Business Process
   Internal Audit                                                 Executive
                                Management Expert
RINO BAYU IRAWAN                                                Assistant Head
                                  ANA L. YOHADI




 Finance, Technology & Operations
                                                  Business Development Director                    Risk Director
             Director                                     KAZUNORI INOUE*                          SUPRIYANTO
          HAJIMU YUKIMOTO




                                                         Business                             Credit Risk, Fraud
      Bank Relations                                                                                                            Human Capital
                                                       Development                            & Operational Risk
        WILLIAM                                                                                                                 RIO ANDERSEN
                                                     STEVEN SANJAYA                             Management
                                                                                                 HANDOKO



         Finance &
                                                    Customer Relations                          Legal, Litigation
        Accounting
                                                     & Customer Care                             & Compliance
         TIMOTHY
                                                       IKA SIBURIAN                               DWI ARYANI
        ANUGERAH



      General Affair,
    Asset Management
       & Operations
         LINGLING
       LIESUANTO




        Information
        Technology
             -



   Corporate Secretary
         Expert
       SUVIANA




          Customer Experience              Information Technology
              Committee                      Steering Committee




                                                                                               PT JACCS MPM Finance Indonesia
                                                                                            Laporan Tahunan 2023 Annual Report                   39
Page 42
                                                                                  accelerating innovation for further growth



PROFIL DEWAN KOMISARIS
BOARD OF COMMISSIONERS' PROFILE




                                                                   TOSHIYA KANAME
                                                                   Komisaris Utama
                                                                   President Commissioner
                                                                   Kewarganegaraan        Jepang
                                                                   Citizenship            Japanese
                                                                   Domisili               Jakarta
                                                                   Domicile
                                                                   Usia                   64 tahun
                                                                   Age                    64 years old




Dasar Hukum Pengangkatan                                           Legal Basis of Appointment

Surat Keputusan Sirkuler Pemegang Saham sebagai pengganti          Circular Resolution of Shareholders in lieu of Extraordinary
dari Rapat Umum Pemegang Saham Luar Biasa tanggal 10               General Meeting of Shareholders dated October 10, 2023.
Oktober 2023.

Riwayat Pendidikan                                                 Educational Background

Sarjana di bidang Ekonomi, The University of Tokyo (1983)          Bachelor’s Degree in Economics, The University of Tokyo (1983)

Riwayat Jabatan                                                    Employment History

• Wakil Direktur Utama Perseroan (2016-2017)                       • Vice President Director of the Company (2016-2017)
• General Manager of International Business Planning Division,     • General Manager of International Business Planning Division,
  JACCS Co., Ltd. (2014-2016)                                        JACCS Co., Ltd. (2014-2016)
• General Manager Divisi Corporate Sales No. 5 di Dai-ichi Life    • General Manager of Corporate Sales Division No. 5 at Dai-ichi
  Insurance Company (2011-2014)                                      Life Insurance Company (2011-2014)
• Presiden di Dai-ichi Life International (USA) (2008-2011)        • President at Dai-ichi Life International (USA) (2008-2011)
• General Manager Divisi CS Promotion di Dai-ichi Life Insurance   • General Manager of CS Promotion Division at Dai-ichi Life
  Company (2007-2008)                                                Insurance Company (2007-2008)
• Kepala Departemen Penjualan Divisi Tokyo, Manager Divisi         • Head of Sales Department-Tokyo Division, Manager of Sales
  Sales Planning Cabang Hiroshima, Manager Divisi Loan               Planning – Hiroshima Branch, Manager of Loan Business at Dai-
  Business di Dai-ichi Life Insurance Company (1987-2007)            ichi Life Insurance Company (1987-2007)

Rangkap Jabatan                                                    Concurrent Position

Anggota Komite       Nominasi   dan    Remunerasi    Perseroan     Member of the Company’s Nomination and Remuneration
(2019-sekarang)                                                    Committee (2019-present)

Hubungan Afiliasi                                                  Affiliation

Tidak memiliki hubungan afiliasi dengan anggota Dewan              Not affiliated with the Board of Commissioners member(s), Board
Komisaris, anggota Direksi, atau dengan Pemegang Saham             of Directors member(s), or the Majority Shareholder.
Utama.




              PT JACCS MPM Finance Indonesia
40            Laporan Tahunan 2023 Annual Report
Page 43
   Ikhtisar Kinerja | Performance Highlights      Profil Perseroan | Company Profile       Tata Kelola Perusahaan | Corporate Governance
                                                   Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                    Kinerja Keberlanjutan | Sustainability Performance
                                                Management Discussion and Analysis




                                                                        BENNY REDJO SETYONO
                                                                        Komisaris
                                                                        Commissioner
                                                                        Kewarganegaraan          Indonesia
                                                                        Citizenship              Indonesian
                                                                        Domisili                 Jakarta
                                                                        Domicile
                                                                        Usia                     63 tahun
                                                                        Age                      63 years old




Dasar Hukum Pengangkatan                                                Legal Basis of Appointment

Surat Keputusan Sirkuler Pemegang Saham sebagai pengganti               Circular Resolution of Shareholders in lieu of Extraordinary
dari Rapat Umum Pemegang Saham Luar Biasa tanggal 15                    General Meeting of Shareholders dated February 15, 2022.
Februari 2022.

Riwayat Pendidikan                                                      Educational Background

• Sarjana Ekonomi Akuntansi, Universitas Indonesia (1985)                • Bachelor of Economics in Accounting, Universitas Indonesia
                                                                           (1985)
• Master of Business Administration, University of Southern              • Master of Business Administration, University of Southern
  California (1991)                                                        California (1991)
• Master of Accounting, University of Southern California (1992)         • Master of Accounting, University of Southern California (1992)

Riwayat Jabatan                                                         Employment History

• Komisaris Independen dan Ketua Komite Pemantau Risiko di               • Independent Commissioner and Head of Risk Monitoring
  PT Astra Aviva Life Insurance (2014-2019)                                Committee at PT Astra Aviva Life Insurance (2014-2019)
• Direktur Utama di PT Jakarta Cakratunggal Steel Mills (2014-           • President Director at PT Jakarta Cakratunggal Steel Mills
  2018)                                                                    (2014-2018)
• Komisaris di PT Jakarta Cakratunggal Steel Mills (2012-2014)           • Commissioner at PT Jakarta Cakratunggal Steel Mills (2012-
                                                                           2014)
• Direktur di PT Toyota Astra Motor (2003-2011)                          • Director at PT Toyota Astra Motor (2003-2011)
• Direktur di PT Toyota Motor Manufacturing Indonesia (2000-             • Director at PT Toyota Motor Manufacturing Indonesia (2000-
  2002)                                                                    2002)

Rangkap Jabatan                                                         Concurrent Position

• Anggota Komite Nominasi dan Remunerasi Perseroan                       • Member of the Company’s Nomination and Remuneration
  (2020-sekarang)                                                          Committee (2020-present)
• Direktur Utama di PT Industri dan Perdagangan Bintraco                 • President Director at PT Industri dan Perdagangan Bintraco
  Dharma Tbk (2022-sekarang)                                               Dharma Tbk (2022-present)
• Komisaris Independen dan Ketua Komite Audit di PT Asuransi             • Independent Commissioner and Head of Audit Committee at
  Jiwa Astra (2020-sekarang)                                               PT Asuransi Jiwa Astra (2020-present)
• Anggota Komite Audit di PT XL Axiata Tbk (2019-sekarang)               • Member of Audit Committee at PT XL Axiata Tbk (2019-present)
• Komisaris Independen, anggota Komite Audit dan GCG di PT               • Independent Commissioner, Audit Committee and GCG
  Mitra Pinasthika Mustika Tbk (2019-sekarang)                             Committee Members at PT Mitra Pinasthika Mustika Tbk
                                                                           (2019-member)

Hubungan Afiliasi                                                       Affiliation

Tidak memiliki hubungan afiliasi dengan anggota Dewan                   Not affiliated with the Board of Commissioners member(s), Board
Komisaris, anggota Direksi, atau dengan Pemegang Saham                  of Directors member(s), or the Majority Shareholder.
Utama.




                                                                                            PT JACCS MPM Finance Indonesia
                                                                                         Laporan Tahunan 2023 Annual Report                    41
Page 44
                                                                                   accelerating innovation for further growth




                                                                    CHIHIRO USHIGOME
                                                                    Komisaris
                                                                    Commissioner
                                                                    Kewarganegaraan         Jepang
                                                                    Citizenship             Japanese
                                                                    Domisili                Jepang
                                                                    Domicile                Japan
                                                                    Usia                    40 tahun
                                                                    Age                     40 years old




Dasar Hukum Pengangkatan                                            Legal Basis of Appointment

Surat Keputusan Sirkuler Pemegang Saham sebagai pengganti           Circular Resolution of Shareholders in lieu of Extraordinary
dari Rapat Umum Pemegang Saham Luar Biasa tanggal 24                General Meeting of Shareholders dated January 24, 2024.
Januari 2024.

Riwayat Pendidikan                                                  Educational Background

Sarjana bidang Bisnis, Risho University, Jepang (2006)              Bachelor’s Degree in Business, Risho University, Japan (2006)

Riwayat Jabatan                                                     Employment History

• 2022–sekarang: International Business Division, JACCS Co., Ltd.   • 2022–present: International Business Division, JACCS Co., Ltd.
• 2019–2022: Business Advisor, PT JACCS MPM Finance Indonesia       • 2019–2022: Business Advisor, PT JACCS MPM Finance Indonesia
• 2017–2019: Promotion Section International Business Division,     • 2017–2019: Promotion Section International Business Division,
  JACCS Co., Ltd.                                                     JACCS Co., Ltd.
• 2014–2016: International Business Planning Division, JACCS        • 2014–2016: International Business Planning Division, JACCS
  Co., Ltd.                                                           Co., Ltd.
• 2009–2014: Sales Representative Nagoya branch office,             • 2009–2014: Sales Representative Nagoya branch office,
  JACCS Co., Ltd.                                                     JACCS Co., Ltd.
• 2006–2009: Sales Representative Saitama Nishi branch              • 2006–2009: Sales Representative Saitama Nishi branch office,
  office, JACCS Co., Ltd.                                             JACCS Co., Ltd.

Rangkap Jabatan                                                     Concurrent Position

Anggota Komite Pemantau Risiko Perseroan (2024-sekarang).           Member of the         Company’s    Risk   Monitoring   Committee
                                                                    (2024-present).

Hubungan Afiliasi                                                   Affiliation

Tidak memiliki hubungan afiliasi dengan anggota Dewan               Not affiliated with the Board of Commissioners member(s), Board
Komisaris, anggota Direksi, atau dengan Pemegang Saham              of Directors member(s), or the Majority Shareholder.
Utama.




              PT JACCS MPM Finance Indonesia
42            Laporan Tahunan 2023 Annual Report
Page 45
   Ikhtisar Kinerja | Performance Highlights       Profil Perseroan | Company Profile      Tata Kelola Perusahaan | Corporate Governance
                                                    Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                    Kinerja Keberlanjutan | Sustainability Performance
                                                 Management Discussion and Analysis




                                                                         JOSAPHAT BUDISATYAWIRA
                                                                         Komisaris Independen
                                                                         Independent Commissioner
                                                                         Kewarganegaraan         Indonesia
                                                                         Citizenship             Indonesian
                                                                         Domisili                Jakarta
                                                                         Domicile
                                                                         Usia                    59 tahun
                                                                         Age                     59 years old




Dasar Hukum Pengangkatan                                                 Legal Basis of Appointment

Surat Keputusan Sirkuler Pemegang Saham sebagai pengganti                Circular Resolution of Shareholders in lieu of Extraordinary
dari Rapat Umum Pemegang Saham Luar Biasa tanggal 27                     General Meeting of Shareholders dated January 27, 2023.
Januari 2023.

Riwayat Pendidikan                                                       Educational Background

Sarjana Ekonomi Manajemen, Universitas Prof. Dr. Moestopo                Bachelor of Economics in Management, Universitas Prof. Dr.
(2002)                                                                   Moestopo (2002)

Riwayat Jabatan                                                          Employment History

• Group Head Internal Audit, PT Wahana Optima Permai (2014-               • Group Head of Internal Audit, PT Wahana Optima Permai
  2015)                                                                     (2014-2015)
• Audit Manager, IT & Operations Audit Department, PT Bank                • Audit Manager, IT & Operations Audit Department, PT Bank
  Mandiri (Persero) Tbk (2013-2013)                                         Mandiri Persero Tbk (2013-2013)
• Retail Product & Distribution Audit Department II, Retail Audit         • Retail Product & Distribution Audit Department II, Retail
  Group, Direktorat Internal Audit di PT Bank Mandiri (Persero)             Audit Group, Directorate of Internal Audit at PT Bank Mandiri
  Tbk (2011-2012)                                                           (Persero) Tbk (2011-2012)
• Audit Development & Assurance Department, Direktorat                    • Audit Development & Assurance Department, Directorate of
  Internal Audit di PT Bank Mandiri (Persero) Tbk (2009-2010)               Internal Audit at PT Bank Mandiri (Persero) Tbk (2009-2010)
• IT Audit Department, Internal Audit Department di PT Bank               • IT Audit Department, Internal Audit Department at PT Bank
  Mandiri (Persero) Tbk (1993-2009)                                         Mandiri (Persero) Tbk (1993-2009)
• Technology & Information System Service di PT Bank Mandiri              • Technology & Information System Service at PT Bank Mandiri
  (Persero) Tbk (1993-1999)                                                 (Persero) Tbk (1993-1999)
• Programmer & Technical Support Desk System Technology di                • Programmer & Technical Support Desk System Technology at
  PT Bank Pembangunan Indonesia (Persero) (1989-1999)                       PT Bank Pembangunan Indonesia (Persero) (1989-1999)

Rangkap Jabatan                                                          Concurrent Position

• Ketua Komite Audit Perseroan (2019-sekarang)                            • Head of the Company’s Audit Committee (2019-present)
• Ketua Komite Nominasi dan Remunerasi                 Perseroan          • Head of the Company’s Nomination and Remuneration
  (2017-sekarang)                                                           Committee (2017-present)

Hubungan Afiliasi                                                        Affiliation

Tidak memiliki hubungan afiliasi dengan anggota Dewan                    Not affiliated with the Board of Commissioners member(s), Board
Komisaris, anggota Direksi, atau dengan Pemegang Saham                   of Directors member(s), or the Majority Shareholder.
Utama.




                                                                                             PT JACCS MPM Finance Indonesia
                                                                                          Laporan Tahunan 2023 Annual Report                   43
Page 46
                                                                                   accelerating innovation for further growth




                                                                   ALIP
                                                                   Komisaris Independen
                                                                   Independent Commissioner
                                                                   Kewarganegaraan         Indonesia
                                                                   Citizenship             Indonesian
                                                                   Domisili                Jakarta
                                                                   Domicile
                                                                   Usia                    48 tahun
                                                                   Age                     48 years old




Dasar Hukum Pengangkatan                                           Legal Basis of Appointment

Surat Keputusan Sirkuler Pemegang Saham sebagai pengganti          Circular Resolution of Shareholders in lieu of Extraordinary
dari Rapat Umum Pemegang Saham Luar Biasa tanggal 24               General Meeting of Shareholders dated January 24, 2024.
Januari 2024.

Riwayat Pendidikan                                                 Educational Background

Sarjana Ekonomi, Universitas Trisakti (1998)                       Bachelor of Economics, Trisakti University (1998)

Riwayat Jabatan                                                    Employment History

• 2024–sekarang: Komisaris Independen Perseroan                    • 2024–present : Independent Commissioner of the Company
• 2007–2010: Principal Arghajata Consulting                        • 2007–2010: Principal Arghajata Consulting
• 1999–2007: Senior Manager, Ernst & Young                         • 1999–2007 : Senior Manager, Ernst & Young

Rangkap Jabatan                                                    Concurrent Position

• 2024–sekarang: Ketua Komite Pemantau Risiko Perseroan            • 2024-present: Head of Risk Monitoring Committee of the Company
• 2011–sekarang: Direktur & Partner, PT AJCapital Advisory         • 2011–present: Director & Partner, PT AJCapital Advisory
• 2019–sekarang: Komisaris Independen, PT Heritage Menteng         • 2019–present: Independent Commissioner, PT Heritage
  Realty Tbk                                                         Menteng Realty Tbk
• 2021–sekarang: Anggota Komite Audit, PT Intiland Development     • 2021–present: Member of Audit Committee, PT Intiland
  Tbk                                                                Development Tbk
• 2018–sekarang: Anggota Komite Audit, PT Baramulti Suksessarana   • 2018–present: Member of Audit Committee, PT Baramulti
  Tbk                                                                Suksessarana Tbk

Hubungan Afiliasi                                                  Affiliation

Tidak memiliki hubungan afiliasi dengan anggota Dewan              Not affiliated with the Board of Commissioners member(s), Board
Komisaris, anggota Direksi, atau dengan Pemegang Saham             of Directors member(s), or the Majority Shareholder.
Utama.




              PT JACCS MPM Finance Indonesia
44            Laporan Tahunan 2023 Annual Report
Page 47
    Ikhtisar Kinerja | Performance Highlights          Profil Perseroan | Company Profile           Tata Kelola Perusahaan | Corporate Governance
                                                        Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                             Kinerja Keberlanjutan | Sustainability Performance
                                                     Management Discussion and Analysis




Pernyataan Independensi Komisaris Independen                                 Statement of Independence                           of    Independent
                                                                             Commissioners

 Pernyataan Komisaris Independen                                                                              Komisaris Independen
 Statement of Independent Commissioner                                                                        Independent Commissioner
 Tidak bekerja atau mempunyai wewenang dan tanggung jawab untuk merencanakan, memimpin,
 mengendalikan, atau mengawasi kegiatan Perseroan dalam waktu 6 (enam) bulan terakhir
                                                                                                                                   √
 Not serving in or possessing authorities and responsibilities to plan, lead, control, or supervise the
 Company’s activities in the last 6 (six) months
 Tidak mempunyai saham baik langsung maupun tidak langsung pada Perseroan                                                          √

 Not having direct or indirect share ownership of the Company
 Tidak mempunyai hubungan usaha baik langsung maupun tidak langsung yang berkaitan dengan                                          √
 kegiatan usaha Perseroan

 Not having direct or indirect business relations to the Company’s business activities



Perubahan Komposisi Dewan Komisaris                                          Changes in the Board of Directors Composition

Pada tahun 2023, terjadi perubahan komposisi Dewan Komisaris                 In 2023, there was a change in the composition of the Company’s
Perseroan, dengan adanya pengunduran diri Bapak Takahiro                     Board of Commissioners with the resignation of Mr. Takahiro
Nagoshi dari jabatannya sebagai Komisaris Perseroan efektif per              Nagoshi as Commissioner effective as of May 31, 2023.
tanggal 31 Mei 2023.


                           Sebelum Perubahan                                                          Sesudah Perubahan
                            Before the Change                                                          After the Change
                                                                                            (per 24 Januari 2024/as of January 24, 2024)

               Nama                                Jabatan                                  Nama                                 Jabatan
               Name                                Position                                 Name                                 Position

 Toshiya Kaname                          Komisaris Utama                   Toshiya Kaname                           Komisaris Utama
                                         President Commissioner                                                     President Commissioner

 Takahiro Nagoshi                        Komisaris                         Benny Redjo Setyono                      Komisaris
                                         Commissioner                                                               Commissioner

 Benny Redjo Setyono                     Komisaris                         Chihiro Ushigome                         Komisaris
                                         Commissioner                                                               Commissioner

 Josaphat Budisatyawira                  Komisaris Independen              Josaphat Budisatyawira                   Komisaris Independen
                                         Independent Commissioner                                                   Independent Commissioner

                                                                           Alip                                     Komisaris Independen
                                                                                                                    Independent Commissioner




                                                                                                     PT JACCS MPM Finance Indonesia
                                                                                                  Laporan Tahunan 2023 Annual Report                    45
Page 48
                                                                                accelerating innovation for further growth



PROFIL DIREKSI
BOARD OF DIRECTORS' PROFILE




                                                                 KAZUHIRO INOUE
                                                                 Direktur Utama
                                                                 President Director
                                                                 Kewarganegaraan        Jepang
                                                                 Citizenship            Japanese
                                                                 Domisili               Jakarta
                                                                 Domicile
                                                                 Usia                   49 tahun
                                                                 Age                    49 years old




Dasar Hukum Pengangkatan                                         Legal Basis of Appointment

Surat Keputusan Sirkuler Pemegang Saham sebagai pengganti        Circular Resolution of Shareholders in lieu of Extraordinary
dari Rapat Umum Pemegang Saham Luar Biasa tanggal 24             General Meeting of Shareholders dated January 24, 2024.
Januari 2024.

Riwayat Pendidikan                                               Educational Background

Sarjana Pendidikan, Universitas Gakugei Tokyo (1998)             Bachelor’s Degree in Education, Tokyo Gakugei University (1998)


Riwayat Jabatan                                                  Employment History

• Direktur Perseroan (2023)                                      • Director of the Company (2023)
• Chief Manager – International Business Division, JACCS Co.,    • Chief Manager – International Business Division, JACCS Co.,
  Ltd. (2015-2022)                                                 Ltd. (2015-2022)
• Executive Manager of Sales Management Division – JACCS         • Executive Manager of Sales Management Division – JACCS
  International Vietnam Finance Co., Ltd. (2013-2015)              International Vietnam Finance Co., Ltd. (2013-2015)
• West-Japan Shopping Credit Promotion Division – JACCS Co.,     • West-Japan Shopping Credit Promotion Division – JACCS Co.,
  Ltd. (2008-2013) Credit Card Promotion Division – JACCS Co.,     Ltd. (2008-2013) Credit Card Promotion Division – JACCS Co.,
  Ltd. (2003-2008)                                                 Ltd. (2003-2008)

Rangkap Jabatan                                                  Concurrent Position

Tidak memiliki rangkap jabatan di perusahaan lain.               Has no concurrent positions at other companies.

Hubungan Afiliasi                                                Affiliation

Tidak memiliki hubungan afiliasi dengan anggota Dewan            Not affiliated with the Board of Commissioners member(s), Board
Komisaris, anggota Direksi, atau dengan Pemegang Saham           of Directors member(s), or the Majority Shareholder.
Utama.




              PT JACCS MPM Finance Indonesia
46            Laporan Tahunan 2023 Annual Report
Page 49
      Ikhtisar Kinerja | Performance Highlights     Profil Perseroan | Company Profile      Tata Kelola Perusahaan | Corporate Governance
                                                     Analisis dan Diskusi Manajemen
    Laporan Manajemen | Management Report                                                  Kinerja Keberlanjutan | Sustainability Performance
                                                  Management Discussion and Analysis




                                                                          HAJIMU YUKIMOTO
                                                                          Direktur Keuangan
                                                                          Finance Director
                                                                          Kewarganegaraan         Jepang
                                                                          Citizenship             Japanese
                                                                          Domisili                Jakarta
                                                                          Domicile
                                                                          Usia                    59 tahun
                                                                          Age                     59 years old




Dasar Hukum Pengangkatan                                                  Legal Basis of Appointment

Surat Keputusan Sirkuler Pemegang Saham sebagai pengganti                 Circular Resolution of Shareholders in lieu of Extraordinary
dari Rapat Umum Pemegang Saham Luar Biasa tanggal 4 Mei                   General Meeting of Shareholders dated May 4, 2023.
2023 .

Riwayat Pendidikan                                                        Educational Background

Sarjana Bahasa Asing, Universitas Osaka, Jepang (1987)                    Bachelor’s Degree in Foreign Language, Osaka University, Japan
                                                                          (1987)

Riwayat Jabatan                                                           Employment History

•    Direktur Utama Perseroan (2013-2014)                                  • President Director of the Company (2013-2014)
•    Direktur Keuangan Perseroan (2010-2013)                               • Finance Director of the Company (2010-2013)
•    Chief Manager Divisi Corporate Business Solution, Resona              • Chief Manager of Corporate Business Solution Division at
     Bank, Ltd (2010-2010)                                                   Resona Bank, Ltd (2010-2010)
•    Wakil Presiden Direktur, PT Bank Resona Perdania (2005-               • Vice President Director at PT Bank Resona Perdania (2005-
     2010)                                                                   2010)
•    Direktur di PT Bank Daiwa Perdania (PT Bank Resona Perdania)          • Director at PT Bank Daiwa Perdania (PT Bank Resona Perdania)
     (2003-2005)                                                             (2003-2005)
•    Senior Manager Divisi Corporate Business di Daiwa Bank                • Senior Manager of Corporate Business Division at Daiwa Bank
     Holding, Inc. (2002-2003)                                               Holding, Inc. (2002-2003)
•    Senior Manager Divisi International di The Daiwa Bank Limited         • Senior Manager of International Division at Daiwa Bank Limited
     (2000-2002)                                                             (2000-2002)
•    General Manager Business Department Kantor Pusat di PT                • General Manager of Business Department – Head Office at PT
     Bank Daiwa Perdania (PT Bank Resona Perdania) (1993-2000)               Bank Daiwa Perdania (PT Bank Resona Perdania) (1993-2000)
•    Chief Officer of Business Promotion Section di The Daiwa              • Chief Officer of Business Promotion Section at Daiwa Bank
     Bank Limited, Cabang Sakuragawa (1992-1993)                             Limited, Sakuragawa Branch (1992-1993)
•    Overseas Trainee di The Daiwa Bank Limited (1991-1992)                • Overseas Trainee at Daiwa Bank Limited (1991-1992)

Rangkap Jabatan                                                           Concurrent Position

Tidak memiliki rangkap jabatan di perusahaan lain.                        Has no concurrent positions at other companies.

Hubungan Afiliasi                                                         Affiliation

Tidak memiliki hubungan afiliasi dengan anggota Dewan                     Not affiliated with the Board of Commissioners member(s), Board
Komisaris, anggota Direksi, atau dengan Pemegang Saham                    of Directors member(s), or the Majority Shareholder.
Utama.




                                                                                              PT JACCS MPM Finance Indonesia
                                                                                           Laporan Tahunan 2023 Annual Report                   47
Page 50
                                                                                 accelerating innovation for further growth




                                                                 VENKY CHARLES SUTIONO
                                                                 Direktur
                                                                 Director
                                                                 Kewarganegaraan         Indonesia
                                                                 Citizenship             Indonesian
                                                                 Domisili                Jakarta
                                                                 Domicile
                                                                 Usia                    59 tahun
                                                                 Age                     59 years old




Dasar Hukum Pengangkatan                                         Legal Basis of Appointment

Surat Keputusan Sirkuler Pemegang Saham sebagai pengganti        Circular Resolution of Shareholders in lieu of Extraordinary
dari Rapat Umum Pemegang Saham Luar Biasa tanggal 4 Mei          General Meeting of Shareholders dated May 4, 2023.
2023.

Riwayat Pendidikan                                               Educational Background

Sarjana Mekanisasi Pertanian, Universitas Hasanuddin (1989)      Bachelor’s Degree in Agricultural Mechanization, Universitas
                                                                 Hasanuddin (1989)

Riwayat Jabatan                                                  Employment History

•   Head of Corporate Finance Perseroan (2010-2013)              •   Head of Corporate Finance of the Company (2010-2013)
•   Regional Manager Consumer Finance area Jawa Tengah, Jawa     •   Regional Manager Consumer Finance of Central Java, East
    Timur dan Bali, PT Austindo Nusantara Jaya Finance (2007-        Java and Bali area at PT Austindo Nusantara Jaya Finance
    2010)                                                            (2007-2010)
•   Assistant Vice President, Product Support Manager Asset      •   Assistant Vice President, Product Support Manager Asset Based
    Based Finance, PT Bank Danamon Indonesia Tbk (2005-2006)         Finance of PT Bank Danamon Indonesia Tbk (2005-2006)
•   Branch Manager di PT Bina Danatama Finance Cabang Sura-      •   Branch Manager at PT Bina Danatama Finance Surabaya
    baya (1998-2005)                                                 Branch (1998-2005)
•   Branch Manager di PT Bina Danatama Finance Cabang Makas-     •   Branch Manager at PT Bina Danatama Finance Makassar
    sar (1993-1998)                                                  Branch (1993-1998)
•   Marketing Officer di PT Bank Utama (Overseas Express Bank)   •   Marketing Officer at PT Bank Utama (Overseas Express Bank)
    Cabang Makassar (1990-1993)                                      Makassar Branch (1990-1993)
•   Sales Executive for Computer Product di Columbia Cash and    •   Sales Executive for Computer Product at Columbia Cash and
    Credit Cabang Makassar (1989-1990)                               Credit, Makassar Branch (1989-1990)


Rangkap Jabatan                                                  Concurrent Position

Tidak memiliki rangkap jabatan di perusahaan lain.               Has no concurrent positions at other companies.

Hubungan Afiliasi                                                Affiliation

Tidak memiliki hubungan afiliasi dengan anggota Dewan            Not affiliated with the Board of Commissioners member(s), Board
Komisaris, anggota Direksi, atau dengan Pemegang Saham           of Directors member(s), or the Majority Shareholder.
Utama.




              PT JACCS MPM Finance Indonesia
48            Laporan Tahunan 2023 Annual Report
Page 51
      Ikhtisar Kinerja | Performance Highlights     Profil Perseroan | Company Profile      Tata Kelola Perusahaan | Corporate Governance
                                                     Analisis dan Diskusi Manajemen
    Laporan Manajemen | Management Report                                                  Kinerja Keberlanjutan | Sustainability Performance
                                                  Management Discussion and Analysis




                                                                          SUPRIYANTO
                                                                          Direktur
                                                                          Director
                                                                          Kewarganegaraan         Indonesia
                                                                          Citizenship             Indonesian
                                                                          Domisili                Jakarta
                                                                          Domicile
                                                                          Usia                    51 tahun
                                                                          Age                     51 years old




Dasar Hukum Pengangkatan                                                  Legal Basis of Appointment

Surat Keputusan Sirkuler Pemegang Saham sebagai pengganti                 Circular Resolution of Shareholders in lieu of Extraordinary
dari Rapat Umum Pemegang Saham Luar Biasa tanggal 10                      General Meeting of Shareholders dated October 10, 2023.
Oktober 2023.

Riwayat Pendidikan                                                        Educational Background

•    Magister Manajemen Sistem Informasi, Sistem Informasi Bisnis,        •   Master’s Degree in Management Information System, Business
     Universitas Gunadarma (2004)                                             Information System, Universitas Gunadarma (2004)
•    Sarjana Ekonomi Akuntansi, Universitas Gunadarma (1999)              •   Bachelor of Economics in Accounting, Universitas Gunadarma
                                                                              (1999)

Riwayat Jabatan                                                           Employment History

•    Executive Vice President, Compliance Department Head,                •   Executive Vice President, Compliance Department Head,
     PT Bank Mizuho Indonesia (2020)                                          PT Bank Mizuho Indonesia (2020)
•    Executive Vice President, Credit Risk Control Department             •   Executive Vice President, Credit Risk Control Department
     Head, PT Bank Mizuho Indonesia (2011-2020)                               Head, PT Bank Mizuho Indonesia (2011-2020)
•    Vice President, Risk Management Department Head, PT Bank             •   Vice President, Risk Management Department Head, PT Bank
     Chinatrust Indonesia (2010-2011)                                         Chinatrust Indonesia (2010-2011)
•    Assistant Vice President, Risk Management Department Head,           •   Assistant Vice President, Risk Management Department Head,
     PT Bank Hana (2008-2010)                                                 PT Bank Hana (2008-2010)

Rangkap Jabatan                                                           Concurrent Position

Tidak memiliki rangkap jabatan di perusahaan lain.                        Has no concurrent positions at other companies.

Hubungan Afiliasi                                                         Affiliation

Tidak memiliki hubungan afiliasi dengan anggota Dewan                     Not affiliated with the Board of Commissioners member(s), Board
Komisaris, anggota Direksi, atau dengan Pemegang Saham                    of Directors member(s), or the Majority Shareholder.
Utama.




                                                                                              PT JACCS MPM Finance Indonesia
                                                                                           Laporan Tahunan 2023 Annual Report                   49
Page 52
                                                                                     accelerating innovation for further growth




                                                                     GESTIK DWI PUJI M
                                                                     Direktur
                                                                     Director
                                                                     Kewarganegaraan          Indonesia
                                                                     Citizenship              Indonesian
                                                                     Domisili                 Jakarta
                                                                     Domicile
                                                                     Usia                     58 tahun
                                                                     Age                      58 years old




Dasar Hukum Pengangkatan                                             Legal Basis of Appointment

Surat Keputusan Sirkuler Pemegang Saham sebagai pengganti            Circular Resolution of Shareholders in lieu of Extraordinary
dari Rapat Umum Pemegang Saham Luar Biasa tanggal 4 Mei              General Meeting of Shareholders dated May 4, 2023.
2023.

Riwayat Pendidikan                                                   Educational Background

Sarjana Ekonomi dari Universitas Brawijaya (1989)                    Bachelor of Economics from Brawijaya University (1989)

Riwayat Jabatan                                                      Employment History

•   Sales Marketing Division Head Perseroan (2020-2023)              •   Sales Marketing Division Head of the Company (2020-2023)
•   Sales and Distribution Division Head - Wilayah Timur, PT Mitra   •   Sales and Distribution Division Head - East Area, PT Mitra
    Pinasthika Mustika Finance (2016-2020)                               Pinasthika Mustika Finance (2016-2020)
•   Deputy Sales and Distribution Division Head, PT Mitra            •   Deputy Sales and Distribution Division Head, PT Mitra
    Pinasthika Mustika Finance (2014-2016)                               Pinasthika Mustika Finance (2014-2016)
•   Regional Manager, PT Sasana Artha Finance (2007-2013)            •   Regional Manager, PT Sasana Artha Finance (2007-2013)
•   Area Manager, PT Sasana Artha Finance (2004-2006)                •   Area Manager, PT Sasana Artha Finance (2004-2006)
•   Branch Manager, PT Sasana Artha Finance (1999-2003)              •   Branch Manager, PT Sasana Artha Finance (1999-2003)
•   Senior AR Contributor, PT Mitra Pinasthika Mustika (1997-1999)   •   Senior AR Contributor, PT Mitra Pinasthika Mustika (1997-1999)
•   Tax and Budget Officer, PT Mitra Pinasthika Mustika (1994-       •   Tax and Budget Officer, PT Mitra Pinasthika Mustika (1994-
    1996)                                                                1996)
•   Accounting Supervisor, PT Mitra Pinasthika Mustika (1990-1993)   •   Accounting Supervisor PT Mitra Pinasthika Mustika (1990-1993)

Rangkap Jabatan                                                      Concurrent Position

Tidak memiliki rangkap jabatan di perusahaan lain.                   Has no concurrent positions at other companies.

Hubungan Afiliasi                                                    Affiliation

Tidak memiliki hubungan afiliasi dengan anggota Dewan                Not affiliated with the Board of Commissioners member(s), Board
Komisaris, anggota Direksi, atau dengan Pemegang Saham               of Directors member(s), or the Majority Shareholder.
Utama.




               PT JACCS MPM Finance Indonesia
50             Laporan Tahunan 2023 Annual Report
Page 53
      Ikhtisar Kinerja | Performance Highlights     Profil Perseroan | Company Profile       Tata Kelola Perusahaan | Corporate Governance
                                                     Analisis dan Diskusi Manajemen
    Laporan Manajemen | Management Report                                                   Kinerja Keberlanjutan | Sustainability Performance
                                                  Management Discussion and Analysis




                                                                          KAZUNORI INOUE
                                                                          Direktur
                                                                          Director
                                                                          Kewarganegaraan          Jepang
                                                                          Citizenship              Japanese
                                                                          Domisili                 Jakarta
                                                                          Domicile
                                                                          Usia                     48 tahun
                                                                          Age                      48 years old




Dasar Hukum Pengangkatan                                                  Legal Basis of Appointment

Surat Keputusan Sirkuler Pemegang Saham sebagai pengganti                 Circular Resolution of Shareholders in lieu of Extraordinary
dari Rapat Umum Pemegang Saham Luar Biasa tanggal 24                      General Meeting of Shareholders dated January 24, 2024.
Januari 2024.

Riwayat Pendidikan                                                        Educational Background

Sarjana Ekonomi dari Nihon University (1999)                              Bachelor of Economy from Nihon University (1999)

Riwayat Jabatan                                                           Employment History

•    Senior Manager - International Business Division, JACCS Co.,         •   Senior Manager - International Business Division, JACCS Co.,
     Ltd. (2023-2024)                                                         Ltd. (2023-2024)
•    Senior Vice President of Credit Control Unit and Internal            •   Senior Vice President of Credit Control Unit and Internal
     Control Unit, JACCS Finance Philippines Corporation (2021-               Control Unit, JACCS Finance Philippines Corporation (2021-
     2023)                                                                    2023)
•    Senior Adviser - International Business Division, JACCS Co.,         •   Senior Adviser - International Business Division, JACCS Co.,
     Ltd. (2018-2023)                                                         Ltd. (2018-2023)
•    Senior Adviser - Credit Screening and Operation Department,          •   Senior Adviser - Credit Screening and Operation Department,
     JACCS Co., Ltd. (2013-2018)                                              JACCS Co., Ltd. (2013-2018)
•    General Secretary, JACCS Labor Union (2011-2013)                     •   General Secretary, JACCS Labor Union (2011-2013)
•    Auto loans manager, Yokohama Branch, JACCS Co., Ltd.                 •   Auto loans manager, Yokohama Branch, JACCS Co., Ltd.
     (2010-2011)                                                              (2010-2011)
•    Auto Loans Promotion Department, JACCS Co., Ltd. (2004-              •   Auto Loans Promotion Department, JACCS Co., Ltd. (2004-
     2010)                                                                    2010)
•    Sales representative - Nagoya Branch Office, JACCS Co., Ltd.         •   Sales representative - Nagoya Branch Office, JACCS Co., Ltd.
     (1999-2004)                                                              (1999-2004)

Rangkap Jabatan                                                           Concurrent Position

Tidak memiliki rangkap jabatan di perusahaan lain.                        Has no concurrent positions at other companies.

Hubungan Afiliasi                                                         Affiliation

Tidak memiliki hubungan afiliasi dengan anggota Dewan                     Not affiliated with the Board of Commissioners member(s), Board
Komisaris, anggota Direksi, atau dengan Pemegang Saham                    of Directors member(s), or the Majority Shareholder.
Utama.




                                                                                              PT JACCS MPM Finance Indonesia
                                                                                           Laporan Tahunan 2023 Annual Report                    51
Page 54
                                                                                    accelerating innovation for further growth



Perubahan Komposisi Direksi                                        Changes in the Board of Directors Composition

Pada tahun 2023, terjadi perubahan komposisi Direksi Perseroan,    In 2023, there were changes to the composition of the Company’s
dengan adanya pengangkatan Ibu Gestik Dwi Puji M sebagai           Board of Directors, with the appointment of Mrs. Gestik Dwi
Direktur Perseroan berdasarkan Surat Keputusan Sirkuler            Puji M as the Company’s Director pursuant to Circular Decree
Pemegang Saham sebagai pengganti dari Rapat Umum Pemegang          of Shareholders in lieu of Extraordinary General Meeting of
Saham Luar Biasa tanggal 4 Mei 2023 dan pengunduran diri           Shareholders dated May 4, 2023 and resignation of Mr. Kojun Sato
Bapak Kojun Sato dari jabatannya sebagai Direktur Utama            as President Director of the Company effective as of September
Perseroan efektif per tanggal 30 September 2023. Selain itu,       30, 2023. In addition, Mr. Kazuhiro Inoue also resigned from his
Bapak Kazuhiro Inoue juga mengundurkan diri dari posisinya         position as Director of the Company to be subsequently nominated
sebagai Direktur Perseroan untuk selanjutnya dinominasikan         as President Director of the Company and officially hold that
menjadi Direktur Utama Perseroan dan secara resmi memegang         position pursuant to the Circular Decree of Shareholders in lieu
posisi tersebut berdasarkan Surat Keputusan Sirkuler Pemegang      of Extraordinary General Meeting of Shareholders (EGMS) dated
Saham sebagai pengganti dari Rapat Umum Pemegang Saham             January 24, 2024. This EGMS also appointed Mr. Kazunori Inoue
Luar Biasa (RUPSLB) tanggal 24 Januari 2024. RUPSLB tersebut       as the Company’s Director.
juga menunjuk Bapak Kazunori Inoue sebagai Direktur Perseroan.


                       Sebelum Perubahan                                                  Sesudah Perubahan
                        Before the Change                                                  After the Change
                                                                               (per 24 Januari 2024/as of January 24, 2024)

              Nama                            Jabatan                          Nama                                Jabatan
              Name                            Position                         Name                                Position
 Kojun Sato                       Direktur Utama                  Kazuhiro Inoue                      Direktur Utama
                                  President Director                                                  President Director
 Hajimu Yukimoto                  Direktur Keuangan               Hajimu Yukimoto                     Direktur Keuangan
                                  Finance Director                                                    Finance Director
 Venky Charles Sutiono            Direktur                        Venky Charles Sutiono               Direktur
                                  Director                                                            Director
 Supriyanto                       Direktur                        Supriyanto                          Direktur
                                  Director                                                            Director
 Kazuhiro Inoue                   Direktur                        Gestik Dwi Puji M                   Direktur
                                  Director                                                            Director
                                                                  Kazunori Inoue                      Direktur
                                                                                                      Director




              PT JACCS MPM Finance Indonesia
52            Laporan Tahunan 2023 Annual Report
Page 55
    Ikhtisar Kinerja | Performance Highlights         Profil Perseroan | Company Profile        Tata Kelola Perusahaan | Corporate Governance
                                                       Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                         Kinerja Keberlanjutan | Sustainability Performance
                                                    Management Discussion and Analysis




KOMPOSISI PEMEGANG SAHAM
SHAREHOLDER COMPOSITION


Mengingat Perseroan bukanlah merupakan perusahaan publik                    Since the Company is not a public company that offers its shares
yang menawarkan sahamnya kepada masyarakat umum, maka                       to the public, information regarding share ownership by the public,
informasi terkait kepemilikan saham oleh publik baik yang                   whether grouped by institutions, ownership of less than 5% or the
pengelompokannya berdasarkan institusi, kepemilikan kurang dari             20 largest shareholders, is not relevant to present in this Report.
5% ataupun 20 pemegang saham terbesar tidaklah relevan untuk
disajikan pada Laporan ini.


Hingga 31 Desember 2023, komposisi pemegang saham                           Until 31 December 2023, the composition of the Company’s
Perseroan terdiri dari 1 (satu) institusi asing dan 1 (satu) institusi      shareholders consisted of 1 (one) foreign institution and 1 (one) local
lokal. Tidak terdapat kepemilikan individu asing atau individu lokal        institution. There were no foreign individuals or local individuals in
dalam struktur pemegang saham Perseroan.                                    the Company’s shareholder structure.



40%
PT Mitra Pinasthika Mustika Tbk


                                                                                                                                      60%
                                                                                                                                   JACCS Co., Ltd.




Pemegang Saham                                                       Jumlah Saham              Nilai Nominal (Rp)                  Persentase (%)
Shareholder                                                            Total Shares                 Par Value (Rp)                  Percentage(%)

JACCS Co., Ltd.                                                             734.685             734.685.000.000                                     60

PT Mitra Pinasthika Mustika Tbk                                             489.790             489.790.000.000                                     40

Jumlah/Total                                                               1.224.475           1.224.475.000.000                                    100




                                                                                                 PT JACCS MPM Finance Indonesia
                                                                                              Laporan Tahunan 2023 Annual Report                    53
Page 56
                                                                                       accelerating innovation for further growth



Struktur Kepemilikan Saham                                               Shareholding Structure

Per 31 Desember 2023, struktur grup Perseroan adalah sebagai             As of December 31, 2023, the Company’s group structure was as
berikut:                                                                 follows:




          Mitsubishi UFJ Financial Group, Inc.


                        100,00%




                                                  The Master Trust              Custody Bank of                  Lainnya
                    MUFG Bank, Ltd.              Bank of Japan, Ltd.               Japan,Ltd.               (Kepemilikan <5%)
                                                   (Trust Account)              (Trust Account)            Others (<5% ownership)

                        20,22%                         7,84%                        7,69%                         64,25%




                                                                                      • Struktur pemegang saham JACCS.Co, Ltd per
                                                                                        30 September 2023
                                                               JACCS, Co., Ltd.       • Shareholder structure of JACCS.Co., Ltd. as of
                                                                                        September 30, 2023




                                                                       60,00%


                                                                                        PT JACCS Mitra Pinasthika Mustika
                                                                                               Finance Indonesia




             PT JACCS MPM Finance Indonesia
54           Laporan Tahunan 2023 Annual Report
Page 57
   Ikhtisar Kinerja | Performance Highlights           Profil Perseroan | Company Profile          Tata Kelola Perusahaan | Corporate Governance
                                                        Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                            Kinerja Keberlanjutan | Sustainability Performance
                                                     Management Discussion and Analysis




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

Hingga 31 Desember 2023, tidak terdapat kepemilikan saham oleh                As of December 31, 2023, there were no ownership of shares by
Dewan Komisaris ataupun Direksi.                                              the Board of Commissioners or Board of Directors.




                                                                                Pemegang Saham
                                                  Edwin Soeryadjaya                  Lainnya
                                                                                Other Shareholders

                                                       50,00%                         50,00%




                                                                                                                                      Lainnya
   PT Pandu Alam                       PT Tri Nur                   PT Unitras                Sandiaga Salahuddin                (kepemilikan >5%)
      Persada*                         Cakrawala*                    Pertama                         Uno                        Others (>5% ownership)
        50,00%                           50,00%                        32,72%                          21,51%                           10,87%



                                                               34,90%
                                                                             • Struktur pemegang saham PT Saratoga Investama Sedaya Tbk per 31 Desember 2023
                                                                               Shareholder structure of PT Saratoga Investama Sedaya Tbk as of December 31, 2023


                                                                                               PT Mitra Pinasthika                  Masyarakat
           PT Persada Capital Investama                           PT Saratoga                     Mustika Tbk                    (kepemilikan <5%)
                                                             Investama Sedaya Tbk               (Treasury Stock)                 Public (<5% ownership)
                         5,00%                                        56,69%                            2,17%                           36,14%




                                                       •   Struktur pemegang saham PT Mitra Pinasthika Mustika Tbk per 31 Desember 2023
         PT Mitra Pinasthika Mustika Tbk                   Shareholder structure of PT Mitra Pinasthika Mustika Tbk as of December 31, 2023
                                                       *   Perseroan Terbatas Swasta
                                                           Private Limited Liability Company




                        40,00%




                                                                                                     PT JACCS MPM Finance Indonesia
                                                                                                  Laporan Tahunan 2023 Annual Report                   55
Page 58
                                                                                     accelerating innovation for further growth



INFORMASI MENGENAI PEMEGANG SAHAM
UTAMA DAN PENGENDALI
INFORMATION ON MAJORITY AND CONTROLLING SHAREHOLDERS

JACCS Co., Ltd.                                                      JACCS Co., Ltd.

JACCS Co., Ltd., (JACCS) adalah pemegang saham utama                 JACCS Co., Ltd., (JACCS) is the major and controlling shareholder
sekaligus pengendali Perseroan yang didirikan pada tanggal 29        of the Company which was founded on June 29, 1954 in Hakodate,
Juni 1954 di Hakodate, Hokkaido, Jepang. JACCS Co.,Ltd. adalah       Hokkaido, Japan. JACCS Co.,Ltd. is a public company listed on
sebuah perusahaan publik yang tercatat pada Bursa Efek Tokyo         the Tokyo Stock Exchange and is a member of Mitsubishi UFJ
dan merupakan anggota dari Mitsubishi UFJ Financial Group, Inc       Financial Group, Inc (MUFG), the largest financial institution in
(MUFG), institusi keuangan terbesar di Jepang. Saat ini JACCS        Japan. Currently JACCS carries out business activities in the
menjalankan kegiatan usaha di bidang kredit konsumen khususnya       consumer credit sector, especially in the Japanese domestic
pada pasar domestik Jepang. JACCS menawarkan sejumlah                market. JACCS offers a number of services including loans for
layanan di antaranya adalah kredit pembelian barang konsumtif,       purchasing consumer goods, credit cards, guarantees for personal
kartu kredit, penjaminan kredit untuk pinjaman personal dari bank,   loans from banks, payment services and others.
jasa pembayaran dan lainnya.


PT Mitra Pinasthika Mustika Tbk (MPM)                                PT Mitra Pinasthika Mustika Tbk (MPM)

Didirikan di Jakarta, Indonesia pada 2 November 1987 oleh            Founded in Jakarta, Indonesia on 2 November 1987 by William
William Soeryadjaya, MPM juga merupakan pemegang saham               Soeryadjaya, MPM is also the Company’s major shareholder which
utama Perseroan yang pada awalnya menjalankan kegiatan               initially carried out business activities as a motorbike distributor.
usaha sebagai distributor sepeda motor. Sejak memperoleh             Since obtaining Limited Liability Company (PT) status in 1988, MPM
status Perseroan Terbatas (PT) pada tahun 1988, MPM kemudian         then expanded its business into retail sales of motorbikes and
memperluas bisnisnya ke bidang penjualan ritel sepeda motor          spare parts. MPM has actively expanded its business reach with
dan suku cadang. MPM telah secara aktif memperluas jangkauan         the founding of FKT in 1988, establishing PT Mitra Pinasthika Mulia
bisnisnya dengan berdirinya FKT pada tahun 1988, mendirikan          in 2010 to take over the motorbike distribution business. MPM
PT Mitra Pinasthika Mulia pada tahun 2010 untuk mengambil            has diversified its business into other sectors including insurance,
alih bisnis distribusi sepeda motor. MPM melakukan diversifikasi     finance, and car rental.
usaha ke sektor lain yang meliputi asuransi, pembiayaan, serta
penyewaan mobil.




ENTITAS ANAK, PERUSAHAAN ASOSIASI,
DAN PERUSAHAAN VENTURA BERSAMA
SUBSIDIARIES, ASSOCIATES, AND JOINT VENTURES


Hingga 31 Desember 2023, Perseroan tidak memiliki Entitas Anak,      As of December 31, 2023, the Company did not has any
Perusahaan Asosiasi, dan Perusahaan Ventura Bersama serta            subsidiaries, associates, or Joint Ventures and did not make any
tidak melakukan akuisisi perusahaan, dan informasi tersebut tidak    acquisitions of the company, thus, this information is not relevant
dicantumkan dalam Laporan ini.                                       to disclose in this Report.




              PT JACCS MPM Finance Indonesia
56            Laporan Tahunan 2023 Annual Report
Page 59
    Ikhtisar Kinerja | Performance Highlights       Profil Perseroan | Company Profile       Tata Kelola Perusahaan | Corporate Governance
                                                     Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                      Kinerja Keberlanjutan | Sustainability Performance
                                                  Management Discussion and Analysis




KRONOLOGIS PENCATATAN SAHAM
SHARE LISTING CHRONOLOGY


Hingga 31 Desember 2023, Perseroan tidak melakukan Penawaran              As of December 31, 2023, the Company has never conducted an
Umum Perdana dan mencatatkan sahamnya di Bursa Efek.                      Initial Public Offering and listed its shares on the Stock Exchange.
Sehingga pada laporan ini tidak menyajikan informasi mengenai             Therefore, this report does not provide information on the
kronologis pencatatan saham dan perubahan jumlah saham dari               chronology of share listing and changes in the number of shares
awal pencatatan hingga akhir tahun buku.                                  from the beginning of listing to the end of the fiscal year.




KRONOLOGIS PENCATATAN EFEK LAINNYA
OTHER SECURITIES LISTING CHRONOLOGY

Hingga 31 Desember 2023, pencatatan efek lainnya bersifat utang           The listing of the Company’s debt securities as of December 31,
Perseroan, dan telah diuraikan pada bagian Ikhtisar Obligasi.             2023 has been disclosed in the Bonds Highlights section.




LEMBAGA DAN/ATAU PROFESI PENUNJANG
PASAR MODAL
CAPITAL MARKET SUPPORTING INSTITUTIONS AND/OR PROFESSIONALS


Kantor Akuntan Publik                           Notaris                                          Wali Amanat
Public Accounting Firm                          Notary                                           Trustee

KAP Siddharta Widjaja & Rekan                   Kantor Notaris Aulia Taufani, S.H.               PT Bank Rakyat Indonesia (Persero) Tbk.
(member of KPMG)
Akuntan Publik/Public Accountant                Menara Sudirman Lantai 18/18th Floor             Gedung BRI II, Lantai 30/30th Floor
Liana Lim, S.E., CPA                            Jl. Jend. Sudirman Kav. 60                       Jl. Jend. Sudirman Kav. 44-46
                                                Jakarta 12190                                    Jakarta 10210 - Indonesia
Wisma GKBI, Lantai 33/33rd Floor
Jl. Jend. Sudirman Kav. 28 Jakarta              Periode Penugasan/Assignment Period              Periode Penugasan/Assignment Period
10210, Indonesia                                2023                                             2023
Tel.: (+62)21 5742333
Fax.: (+62)21 5741777                           Konsultan Hukum                                  Lembaga Pemeringkat
                                                Legal Consultant                                 Rating Agency
Jasa yang Diberikan/Service Incurred
Melakukan audit laporan keuangan                Imran Muntaz & Co Law Firm                       PT Fitch Ratings Indonesia
Perseroan untuk tahun buku 2023 (Periode
1 Januari hingga 31 Desember 2023).             Office 8 Building Lantai 35 Zona G/35th          DBS Bank Tower, Lantai 24/24th Floor,
                                                Floor G Zone                                     Suite 2403
                                                Sudirman Central Business District Lot.28        Jl. Prof. Dr. Satrio Kav. 3-5
Conducting audit on the Company’s
                                                Jl. Jend. Sudirman Kav. 52-53                    Jakarta 12940
financial statements for the 2023 fiscal year
                                                Jakarta 12190
(Period of January 1 to December 31, 2023)
                                                                                                 Periode Penugasan/Assignment Period
                                                Periode Penugasan/Assignment Period              2023
Periode Penugasan/Assignment Period
                                                2023
2023




                                                                                               PT JACCS MPM Finance Indonesia
                                                                                            Laporan Tahunan 2023 Annual Report                   57
Page 60
                                                                                   accelerating innovation for further growth



SUMBER DAYA MANUSIA
HUMAN RESOURCES


Sumber Daya Manusia (SDM) menjadi salah satu keunggulan             Human Resources (HR) is one of the competitive advantages
kompetitif untuk mendukung tercapainya target Perseroan yang        to support the achievement of the Company’s designated
telah dicanangkan sekaligus untuk menghadapi perkembangan           targets as well as to deal with technological developments and
teknologi dan dinamika bisnis. Oleh karena itu, Perseroan           business dynamics. Therefore, the Company has formulated
merumuskan inisiatif strategis terkait pengembangan SDM             strategic policies related to HR development which is expected to
yang diharapkan mampu meningkatkan produktivitas, sekaligus         increase productivity, as well as to have a positive impact on the
memberikan dampak positif bagi perkembangan talenta pegawai.        development of talents.

Demografi Karyawan [C.3]                                            Employee Demographics [C.3]

Pada tahun 2023, jumlah karyawan Perseroan mencapai 2.650           In 2023, the Company’s total employees reached 2,650 people,
orang, meningkat 4,74% dibandingkan tahun sebelumnya                increased by 4.74% compared to 2,530 people in the previous year.
sebanyak 2.530 orang. Adapun komposisi karyawan berdasarkan         The composition of employees based on gender, employment
jenis kelamin, status ketenagakerjaan, usia, jenjang pendidikan,    status, age, education level and position level is presented as
dan level jabatan disajikan sebagai berikut:                        follows:

Komposisi Karyawan Berdasarkan Jenis Kelamin
Employee Composition by Gender

 Berdasarkan Jenis Kelamin
                                                                   2023                   %                2022                    %
 By Gender
 Pria                                                              2,063              77.8%                1,983              78.4%
 Male
 Wanita                                                             587               22.2%                 547                21.6%
 Female
 TOTAL                                                             2,650           100.00%                2,530            100.00%

Komposisi Karyawan Berdasarkan Status Karyawan
Employee Composition by Employment Status

 Berdasarkan Status Karyawan
                                                                   2023                   %                2022                    %
 By Employment Status
 Tetap                                                              1,417             53.5%                1,435               56.7%
 Permanent
 Kontrak                                                            1,233             46.5%                1,095               43.3%
 Contract
 TOTAL                                                             2,650           100.00%                2,530            100.00%

Komposisi Karyawan Berdasarkan Kelompok Usia
Employee Composition by Age Group

 Berdasarkan Kelompok Usia
                                                                   2023                   %                2022                    %
 By Age Group
 18-25 tahun/years old                                               145               5.5%                  182                7.2%
 26-35 tahun/years old                                              1,145             43.2%                1,218               48.1%
 36-45 tahun/years old                                             1,044              39.4%                  901              35.6%
 >46 tahun/years old                                                 316               11.9%                229                 9.1%
 TOTAL                                                             2,650              100%                2,530            100.00%




              PT JACCS MPM Finance Indonesia
58            Laporan Tahunan 2023 Annual Report
Page 61
      Ikhtisar Kinerja | Performance Highlights        Profil Perseroan | Company Profile        Tata Kelola Perusahaan | Corporate Governance
                                                        Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                          Kinerja Keberlanjutan | Sustainability Performance
                                                     Management Discussion and Analysis




Komposisi Karyawan Berdasarkan Tingkat Pendidikan
Employee Composition by Education Level

 Berdasarkan Tingkat Pendidikan
                                                                            2023                       %                2022                          %
 By Education Level
 Sarjana S2                                                                     14                0.5%                       12                 0.5%
 Master’s Degree
 Sarjana S1                                                                 1,575                59.4%                   1,472                 58.2%
 Bachelor’s Degree
 Diploma                                                                      330                12.5%                     315                  12.5%
 Diploma Degree
 SMA                                                                           731               27.6%                     731                 28.9%
 High School Diploma
 TOTAL                                                                     2,650                 100%                   2,530               100.00%

Komposisi Karyawan Berdasarkan Level Jabatan
Employee Composition by Position Level

 Berdasarkan Level Jabatan
                                                                            2023                       %                2022                          %
 By Position Level
 Direksi                                                                        5                 0.2%                       4                  0.2%
 Board of Directors
 General Manager                                                                8                 0.3%                       10                 0.4%
 Senior Manager                                                                23                 0.9%                     24                   0.9%
 Manager                                                                       63                 2.4%                     64                   2.5%
 Officer/Supervisor/Assistant Manager                                         613                23.1%                    559                  22.1%
 Staff                                                                      1.938                73.1%                  1,869                  73.9%
 TOTAL                                                                     2,650             100.00%                   2,530               100.00%



Program Pelatihan dan Pengembangan Kompetensi                                HR Training           and        Competency           Development
Sdm                                                                          Program

Dalam rangka meningkatkan kompetensi dan kinerja karyawan,                   In order to improve employee competency and performance,
Perseroan senantiasa berupaya memberikan fasilitas program                   the Company always strives to provide training and competency
pelatihan dan pengembangan kompetensi bagi karyawan dari                     development program facilities for employees from various levels
berbagai tingkat jabatan, yang dilakukan secara internal maupun              of position, which are carried out internally and externally and aim
eksternal dan bertujuan untuk meningkatkan profesionalitas,                  to improve professionalism, technical expertise and employee
keahlian teknis, hingga kinerja karyawan.                                    performance.


Sepanjang tahun 2023, program pelatihan dan pengembangan                     Throughout 2023, the training and competency development
kompetensi yang telah diikuti oleh para pegawai adalah sebagai               programs that employees have participated in were as follows:
berikut:


 No. Materi Diklat                                                                   Metode Diklat         Narasumber                        Jumlah
                                                                                                                                             Peserta
  1      Creative & Critical Thinking (7 Batch)                                      Online training       Internal                                  273
  2      Fraud Awareness for New Employee                                            Online training       Internal                              282
  3      Integrity (6 Batch)                                                         Online training       Internal                                  781
  4      Intermediate Excel 2 (5 Batch)                                              Video learning        Internal                              1.071
                                                                                                           Revolution Mind
  5      Internal Auditor Professional Training Certification (CIAP)                 Online training                                                  5
                                                                                                           Indonesia
         New Employee Orientation Program (NEOP) & APU PPT for New
  6                                                                                  Video learning        Internal                                  621
         Employee
  7      Teamwork (7 Batch)                                                          Online training       Internal                                  978




                                                                                                  PT JACCS MPM Finance Indonesia
                                                                                               Laporan Tahunan 2023 Annual Report                    59
Page 62
                                                                                   accelerating innovation for further growth




No. Materi Diklat                                                         Metode Diklat      Narasumber              Jumlah
                                                                                                                     Peserta
                                                                                             Yayasan Pendidikan
 8    Webinar Trends & Challenges Internal Audit in 2023 - 2025           Online training                                  3
                                                                                             Internal Audit
 9    Management Assistant Program (MAP)                                  Offline training   Internal                     10
      Latihan Kerja SDM
10                                                                        Offline training   Internal                      7
      HR Job Training
      Sosialisasi dan Koordinasi Kerja Regional
 11                                                                       Offline training   Internal                   362
      Socialization and Coordination of Regional Work
      Sertifikasi Managerial & Profesi
12                                                                        Online training    SPPI                       263
      Managerial & Professional Certification
      Coaching dan Koordinasi Regional
 13                                                                       Offline training   Internal                  2.000
      Regional Coaching and Coordination
      Efikasi diri & Time management (19 Batch)
 14                                                                       Online Training    Internal                  1.532
      Self-efficacy & Time management (19 Batches)
15    The 7 Habits of Highly Effective People (20 Batch)                  Online training    Internal                  1.958
      Seminar Nasional Pembiayaan Mikro dan SDM di era Society 5.0
16                                                                        Online training    APPI                          4
      National Seminar on Microfinance and HR in the era of Society 5.0
      Konsep Pembiayaan & Legalitas Badan Usaha
 17                                                                       Offline training   Internal                      7
      Concept of Financing & Legality for the Enterprise
      Internal & External Dispute Resolution di Industri Pembiayaan
18                                                                        Offline training   LAPS SJK                      1
      Internal & External Dispute Resolution in the Financing Industry
19    Professional Credit Analyst (New Employee)                          Online training    Internal                      6
20    Webinar Arbitrator Talks                                            Online training    LAPS                          1
21    AntiFraud                                                           Offline training   Internal                  2.650
22    Qualified Internal Auditor Certification                            Online training    YPIA                          2
      Membangun Keyakinan Nasabah Aset Digital dari Risiko Siber
23                                                                        Online training    OJK                           5
      Building Customer Confidence in Digital Assets from Cyber Risk
24    Fundamental of Wealth Management                                    Online training    OJK                           2
25    Communication and Influence People (13 Batch)                       Online training    Internal                    667




             PT JACCS MPM Finance Indonesia
60           Laporan Tahunan 2023 Annual Report
Page 63
  Ikhtisar Kinerja | Performance Highlights         Profil Perseroan | Company Profile         Tata Kelola Perusahaan | Corporate Governance
                                                     Analisis dan Diskusi Manajemen
Laporan Manajemen | Management Report                                                         Kinerja Keberlanjutan | Sustainability Performance
                                                  Management Discussion and Analysis




No. Materi Diklat                                                                 Metode Diklat        Narasumber                          Jumlah
                                                                                                                                           Peserta
     Era Baru Industri Pembiayaan
26                                                                                Offline training     APPI                                          1
     The New Era of the Financing Industry
     Panduan Survei & Analisa Kredit (12 Batch)
27                                                                                Online training      Internal                                606
     Credit Survey & Analysis Guide (12 Batches)
28   Certified Information Technology Auditor Professional (CITAP)                Online training      Dilatih.insight                               1
29   Leadership & People Management (4 Batch)                                     Online training      Internal                                    334
30   Negotiation Skill (6 Batch)                                                  Online training      Internal                               1.347
31   Personal Grooming (6 Batch)                                                  Online training      Internal                                    745
32   New Business Process                                                         Offline training     Internal                                    20
33   The Future Of Digitalization in Multifinance Industry                        Offline training     APPI                                          1
34   Selling & Communication Skills                                               Offline training                                                  11
35   The Spirit of Service Excellence                                             Offline training     Hariyanto Kandani                            13
36   The Spirit of Service Excellence                                             Online training                                                  90
37   Enhancing Financial Performance Through Data Analytics                       Online Training      OJK                                           1
     Mengenal Lebih Jauh Pengaturan UU P2SK (IKNB)
38                                                                                Online training      OJK                                           1
     Get to Know More about the P2SK Law Arrangement (IKNB)
     Seminar Pengalihan & Pengakuan Sertifikasi Manajemen Risiko
39                                                                                Offline training     APPI                                          3
     Risk Management Certification Transfer & Recognition Seminar
     Data Analitik untuk Internal Audit
40                                                                                Online Training      IIA                                          2
     Data Analytics for Internal Audit
41   IIA Seminar - National Conference Batam                                      Offline training     IIA                                          2
42   Refreshment Communication & Selling Skills                                   Online training      Internal                                     9
43   Refreshment Communication & Customer Service Skills                          Online training      Internal                                    99
44   Leadership & Managerial skill                                                Online training      HR Wiki                                       1
     Pemanfaatan Internet of Things di Industri Jasa Keuangan
45                                                                                Online training      OJK                                           1
     Utilization of Internet of Things in the Financial Services Industry
     Perlindungan Hukum Terhadap Pengelolaan & Risiko Jaminan Kredit
46                                                                                Online training      Hukum Online                                  1
     Legal Protection on Management & Risk of Collateral for Credit
     Anti Pencucian Uang & Pencegahan Pendanaan Terorisme (APU
     PPT) for Manager (2 Batch)
47                                                                                Online training      Internal                                    89
     Anti-Money Laundering & Countering Financing of Terrorism (AML/
     CFT) for Managers (2 Batches)
     Pelatihan dan kegiatan bersama APU PPT
48                                                                                Offline training     Internal                              2.650
     AML/CFT joint training and activities
49   Economic Outlook 2024                                                        Online Training      APPI                                          1
50   Leadership for Senior Management                                             Offline training     MDP                                         26
     Mengawal Keberlanjutan dan Pertumbuhan perseroan melalui
     pengawasan & pengendalian risiko
51                                                                                Offline training     IKAI                                          1
     Safeguarding the company’s Sustainability and Growth through risk
     monitoring & control.
52   Fundamental Leadership                                                       Offline training     Asia Leader                                 26
53   Credit Screening (2 Batch)                                                   Offline training     Internal                                    110
     Menata Ulang Strategi Hubungan International Pasca UU Cipta Kerja
54                                                                                Offline training     Apindo                                        1
     Reorganizing International Relations Strategy after Job Creation Law
55   Workshop Branch Operations Supervisor                                        Offline training     Internal                                    89
56    Leading Team with Strategy                                                  Offline training     Asia Leader                                 98
                                                                                                       Pijar Integriti
57   Public Speaking                                                              Offline training                                                  5
                                                                                                       Nusantara
58   Managing Team for Productivity (5 Batch)                                     Offline training     Mknows                                      139
                                                                                                       Jimly School of law &
59   Legal Drafting                                                               Online training                                                    1
                                                                                                       Government



                                                                                                PT JACCS MPM Finance Indonesia
                                                                                             Laporan Tahunan 2023 Annual Report                     61
Page 64
                                                                                  accelerating innovation for further growth



TEKNOLOGI INFORMASI (TI)
INFORMATION TECHNOLOGY (IT)


Sektor pembiayaan yang terus berkembang dengan dinamis             The ever-changing financing sector requires the Company to
menuntut Perseroan untuk meningkatkan fasilitas TI yang            improve the IT facilities needed to support business growth, and
dibutuhkan dalam menunjang pertumbuhan bisnis, dan tetap           remain highly competitive. As a substantial business support
memiliki daya saing yang tinggi. Sebagai elemen penunjang          element, the existence of the latest Information Technology (IT)
bisnis yang sangat penting, keberadaan Teknologi Informasi (TI)    is expected to increase operational efficiency, simplify monitoring
terkini diharapkan dapat meningkatkan efisiensi operasional,       and accelerate the Company’s risk management activities.
mempermudah pemantauan, serta mempercepat aktivitas
manajemen risiko Perseroan.


Adapun sejumlah pengembangan dan pengadaan teknologi               A number of information technology developments and
informasi yang dilakukan oleh Divisi TI sepanjang tahun 2023       procurement carried out by the IT Division throughout 2023 were
adalah sebagai berikut:                                            as follows:


a. Penerapan dan peningkatan mobile application untuk              a. Implementation and improvement of mobile applications for
   pelanggan (JM Care)                                                customers (JM Care)
   Penerapan penggunaan aplikasi JM Care dan peningkatan/             Implementation of the use of the JM Care application and
   penambahan fitur-fiturnya untuk meningkatkan penjualan,            improvement/addition of its features to increase sales,
   meningkatkan kualitas layanan kepada pelanggan dan                 improve the quality of service to customers and enhance the
   meningkatkan brand image Perseroan.                                Company’s brand image.
b. Pengembangan aplikasi mobile order (JM Order) dan mobile        b. Development of mobile order (JM Order) and mobile
   collection (SiMoCo)                                                collection (SiMoCo) applications
   Penerapan penggunaan aplikasi JM Order dan SiMoCo, serta           Implementing the use of the JM Order and SiMoCo applications,
   peningkatan fitur-fiturnya untuk mendukung aktivitas dan           as well as improving their features to support the activities
   produktivitas tim Marketing dan tim Collection secara efektif      and productivity of the Marketing team and Collection team
   dan efisien.                                                       effectively and efficiently.
c. Pengembangan aplikasi        Dealer Management System           c. Development of the Dealer Management System (JACCY)
   (JACCY)                                                            application
   Pengembangan aplikasi JACCY untuk mengoptimalisasi                 Development of the JACCY application to optimize dealer
   manajemen dealer dan meningkatkan sinergi dengan MPM               management and enhance synergy with MPM Group, as well
   Group, serta pengembangan otomatisasi laporan bisnis dan           as development of business report automation and business
   business intelligence.                                             intelligence.
d. Collection System                                               d. Collection System
   Re-engineering sistem dan proses collection untuk                  Re-engineering the collection system and process to
   meningkatkan efisiensi proses dengan memanfaatkan                  enhance process efficiency by utilizing behavior scores and
   behavior score dan mengimplementasikan zoning group, serta         implementing zoning groups, as well as to facilitate monitoring
   untuk memudahkan pemantauan asset quality performance              of asset quality performance in real time.
   secara real time.
e. Data Warehouse Re-engineering                                   e. Data Warehouse Re-engineering
   Automatisasi dashboard reporting pada semua bagian dan             Automated dashboard reporting in all sections and branches,
   cabang, termasuk untuk menghilangkan inkonsistensi data            including eliminating data inconsistencies and redundant
   dan juga redundant laporan antar divisi.                           reports between divisions.


Dalam rangka meningkatkan pemahaman dan kesadaran para             In order to increase employees’ understanding and awareness
karyawan akan Teknologi Informasi, Perseroan secara berkala        of Information Technology, the Company periodically published
mempublikasikan artikel melalui situs MyPortal dan email sebagai   articles via the MyPortal website and email, as follows:
berikut:




              PT JACCS MPM Finance Indonesia
62            Laporan Tahunan 2023 Annual Report
Page 65
   Ikhtisar Kinerja | Performance Highlights      Profil Perseroan | Company Profile    Tata Kelola Perusahaan | Corporate Governance
                                                   Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                 Kinerja Keberlanjutan | Sustainability Performance
                                                Management Discussion and Analysis




Waspada Cybercrime Pishing                     Social Engineering                           Keamanan Password dengan Multi-
Beware of Cyber Crime Phishing                 15 Februari/February 2023                    Factor Authentication (MFA)
11 Januari/January 2023                                                                     Password Security with Multi-Factor
                                                                                            Authentication (MFA)
                                                                                            14 Maret/March 2023




Ancaman Saat Browsing Internet                 Mengatur Ulang Kata Sandi OFFICE             Bahaya adware pada perangkat
(adware)                                       365                                          mobile/komputer
Threats When Browsing the Internet             Resetting OFFICE 365 Password                Danger of adware on mobile
(adware)                                       23 Mei/May 2023                              devices/computers
13 April 2023                                                                               17 Juni/June 2023




                                                                                          PT JACCS MPM Finance Indonesia
                                                                                       Laporan Tahunan 2023 Annual Report                   63
Page 66
                                                                              accelerating innovation for further growth


Hindari Download Software/Aplikasi            Teknik kata sandi yang kuat dengan    Peran Penting Penerapan Keamanan
dari Sumber yang Tidak Dikenal                akronim pribadi                       Akun dengan Multi-Factor
Avoid downloading software/                   Strong password techniques with       Authentication (MFA)
applications from unknown sources             personal acronyms                     The Important Role of Implementing
25 Juli/July 2023                             15 Agustus/August 2023                Account Security with Multi-Factor
                                                                                    Authentication (MFA)
                                                                                    20 September 2023




Selalu Hapus cookies dan Riwayat              Kunci Perangkat Anda Saat Tidak       Beralih menggunakan One Drive
Browser secara berkala                        Digunakan                             untuk keamanan sharing file
Always delete cookies and browser             Lock Your Device When Not in Use      Switch to using One Drive for
history regularly                             23 November 2023                      security of file sharing
19 Oktober/October 2023                                                             20 Desember/December 2023




              PT JACCS MPM Finance Indonesia
64            Laporan Tahunan 2023 Annual Report
Page 67
   Ikhtisar Kinerja | Performance Highlights             Profil Perseroan | Company Profile         Tata Kelola Perusahaan | Corporate Governance
                                                          Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                             Kinerja Keberlanjutan | Sustainability Performance
                                                       Management Discussion and Analysis




INFORMASI PADA SITUS WEB PERSEROAN
INFORMATION ON THE COMPANY'S WEBSITE


Perseroan menyediakan situs web resmi yaitu www.jaccs-                         The Company provides an official website, namely www.jaccs-
mpmfinance.com yang dapat diakses oleh publik. Hal ini untuk                   mpmfinance.com which can be accessed by the public. This is
menjamin ketersediaan informasi yang transparan dan relevan                    an effort to ensure the availability of transparent and relevant
kepada para pemegang saham dan pemangku kepentingan lainnya.                   information to shareholders and other stakeholders.


Situs Perseroan memuat informasi sebagai berikut:                              The Company’s website contains the following information:


      Menu              Ketersediaan                                                          Keterangan
                         di Situs Web                                                         Description
                       Availability on the
                            Website
 Korporasi                       √             Terdapat sub menu:
 Corporate                                     Contains the sub menu of:
                                                                                                       Investor/Investor
                                               Tentang Kami/About Us                                   • Prospektus/Prospectus
                                               • Profil Perusahaan/Company Profile                     • Ikhtisar Keuangan/Financial Overview
                                               • Visi, Misi, & Nilai/Vision, Mission, & Values         • Laporan Tahunan/Annual Report
                                               • Struktur Pemegang Saham/Shareholder                   • Laporan Keuangan/Financial Statements
                                                 Structure                                             • Informasi Obligasi/Bond Information
                                               • Struktur Organisasi/Organizational Structure          • Keterbukaan Informasi/Information
                                               • Struktur Manajemen/Management Structure                 Disclosure
                                               • Lembaga Manajemen/Supporting Institutions
                                               • Penghargaan/Awards
 Tata Kelola                     √             Terdapat sub menu:
 Perusahaan                                    Contains the sub menu of:
 Corporate
 Governance                                    • Anggaran Dasar/Articles of Association                • Manajemen Risiko /Risk Management
                                               • Pedoman Kerja/Work Guidelines                         • Sistem & Kebijakan/System & Policy
                                               • Piagam Audit Internal/Internal Audit Charter          • Tanggung Jawab Sosial/Social
                                                                                                         Responsibility
 Pelanggan                       √             Terdapat sub menu:
 Customer                                      Contains the sub menu of:

                                               •   Produk Pembiayaan/Financing Products                 • Artikel/Articles
                                               •   Promo/Promo                                          • Informasi Pelanggan/Customer
                                               •   Simulasi Kredit/Credit Simulation                      Information
                                               •   Berita/News                                          • Kebijakan Privasi/Privacy Policy
 Bantuan                         √             Terdapat sub menu:
 Support                                       Contains the sub menu of:

                                               • Hubungi Kami/Contact Us                               • Tanya Jawab/FAQ
                                               • Tinggalkan Pesan/Leave us a message                   • Cara Pembayaran/Payment Method
 Karier                          √             Memuat informasi tentang lowongan pekerjaan.
 Career                                        Contains information on job vacancy.


Perseroan secara berkala memperbarui situs web resminya,                       The Company periodically updates its official website for the
sehingga publik selalu mendapatkan informasi yang terkini.                     public to always obtain the most up-to-date information.




                                                                                                      PT JACCS MPM Finance Indonesia
                                                                                                   Laporan Tahunan 2023 Annual Report                   65
Page 68

          
Page 69
ANALISIS
DAN DISKUSI
MANAJEMEN
MANAGEMENT
DISCUSSION AND
ANALYSIS
Tinjauan Ekonomi Global dan Nasional         68
Global and National Economic Review
Tinjauan Industri Pembiayaan                 69
Financing Industry Review
Tinjauan Per Segmen Usaha                    71
Review of Business by Segment
Tinjauan Keuangan                            76
Financial Review
Kemampuan Membayar Utang                     83
Debt-Paying Ability
Tingkat Kolektibilitas Piutang               83
Receivables Collectibility Rate
Struktur Modal                               85
Capital Structure
Ikatan Material untuk Investasi Barang       85
Modal
Material Commitment for Capital
Expenditure
Investasi Barang Modal                       85
Capital Expenditure
Perbandingan Antara Target dan               86
Realisasi Tahun 2023
Comparison Between Target and
Realization in 2023
Informasi dan Fakta Material yang            86
Terjadi Setelah Tanggal Pelaporan
Keuangan
Material Information and Facts
Subsequent to the Financial
Reporting Date
Prospek Usaha                                87
Business Outlook
Proyeksi di Tahun 2024                       88
2024 Projection
Aspek Pemasaran                              88
Marketing Aspects
Kebijakan Dividen                            90
Dividend Policy
Realisasi Penggunaan Dana Hasil              90
Penawaran Umum
Use of Proceeds from Public Offering
Pengaruh Peraturan yang Berpengaruh          90
Signifikan terhadap Perseroan
Changes in Regulations that Significantly
Affect the Company
Informasi Material Mengenai Investasi,       91
Ekspansi, Divestasi, Penggabungan/
Peleburan Usaha, Akuisisi, Restrukturisasi
Utang/Modal, Transaksi Afiliasi, dan
Transaksi yang Mengandung Benturan
Kepentingan
Material Information Regarding
Investment, Expansion, Divestment,
Merger/Consolidation, Acquisition,
Debt/Capital Restructuring, Affiliated
Transactions, and Transactions
Containing Conflict of Interest
Perubahan Kebijakan Akuntansi                91
Changes in Accounting Policies
Page 70
                                                                                        accelerating innovation for further growth



TINJAUAN EKONOMI GLOBAL DAN NASIONAL
GLOBAL AND NATIONAL ECONOMIC REVIEW


Menurut International Monetary Fund, pertumbuhan ekonomi                According to the International Monetary Fund, global economic
global tahun 2023 diperkirakan melambat signifikan ke 3,0% dari         growth in 2023 is expected to slow significantly to 3.0% from 3.5% in
sebelumnya 3,5% tahun 2022. Perang Rusia-Ukraina yang masih             2022. The ongoing Russia-Ukraine war, Hamas-Israel conflict, and
berlangsung, konflik Hamas - Israel, dan meningkatnya fragmentasi       increasing global fragmentation add to the supply-side disruptions
global menambah disrupsi sisi supply yang telah terjadi sejak           that have occurred since the Covid-19 pandemic. Meanwhile, the
pandemi Covid-19. Sementara itu, El Nino yang berkepanjangan            prolonged El Nino has caused global food commodity prices to
telah menyebabkan naiknya harga komoditas pangan global.                rise. Although inflation started to level off in 2023, benchmark
Meskipun inflasi mulai melandai di tahun 2023, suku bunga               interest rates in many countries remains at high levels until the
acuan di berbagai negara bertahan di level tinggi hingga akhir          end of the year. Global financial markets, especially in emerging
tahun. Pasar keuangan global, khususnya di negara berkembang,           markets, experienced many shocks throughout 2023.
mengalami banyak guncangan sepanjang tahun 2023.


Menutup tahun 2023 yang masih diliputi dengan berbagai                  Closing the year 2023, which is still overwhelmed with various
tantangan ekonomi global mulai dari potensi pelambatan ekonomi,         global economic challenges ranging from the potential for economic
peningkatan tensi geopolitik, risiko inflasi, hingga perubahan iklim,   slowdown, increased geopolitical tension, inflation risk, to climate
pertumbuhan ekonomi nasional pada Triwulan IV-2023 justru               change, national economic growth in Q4-2023 actually recorded
kembali mencatatkan angka solid sebesar 5,04% (yoy) atau lebih          a solid figure of 5.04% (yoy) or higher than Q3-2023 which grew
tinggi dari Triwulan III-2023 yang tumbuh sebesar 4,94% (yoy).          by 4.94% (yoy). On a full year basis, national economic growth also
Secara full year, pertumbuhan ekonomi nasional di sepanjang             recorded an impressive growth of 5.05% (ctc) throughout 2023.
tahun 2023 juga mencatatkan pertumbuhan yang mengesankan
sebesar 5,05% (ctc).


Secara lebih rinci, capaian positif pertumbuhan ekonomi nasional        In more detail, the positive achievement of national economic
pada Triwulan IV-2023 tersebut ditopang dengan penguatan                growth in Q4-2023 was supported by the strengthening
kinerja sejumlah komponen pada sektor lapangan usaha. Tercatat,         performance of a number of components in the business sector.
sektor konstruksi mampu tumbuh sebesar 7,68% (yoy) dan                  The construction sector was recorded to grow at 7.68% (yoy)
menjadi kontributor pertumbuhan terbesar kedua setelah industri         and became the second largest growth contributor after the
pengolahan yang memiliki capaian sebesar 4,07% (yoy).                   manufacturing industry which had an achievement of 4.07% (yoy).


Selain itu, pertumbuhan ekonomi secara full year tahun 2023             In addition, full-year economic growth in 2023 which demonstrated
yang menunjukkan kinerja impresif juga ditopang oleh komponen           an impressive performance was also underpinned by the household
pengeluaran konsumsi rumah tangga yang tumbuh sebesar                   consumption expenditure component which grew at 4.82% (yoy),
4,82% (yoy), serta Pembentukan Modal Tetap Bruto (PMTB) yang            and Gross Fixed Capital Formation which reached 4.40% (yoy).
mencapai 4,40% (yoy). Lebih lanjut dari sisi lapangan usaha,            Furthermore, in terms of business sectors, the transportation and
sektor yang mengalami pertumbuhan signifikan yakni transportasi         warehousing sector experienced significant growth at 13.96%
dan pergudangan sebesar 13,96% (yoy). Sedangkan pada sisi               (yoy). Meanwhile, on the expenditure side, the consumption of
pengeluaran, pertumbuhan tertinggi dialami oleh konsumsi                Non-Profit Institutions Serving Households showed the highest
Lembaga Non-Profit Rumah Tangga (LNPRT) sebesar 9,83% (yoy).            growth at 9.83% (yoy).


Terjaganya pertumbuhan konsumsi rumah tangga dan PMTB,                  The sustained growth of household consumption and Gross
serta meningkatnya pertumbuhan sektor konstruksi tersebut               Fixed Capital Formation, as well as the increased growth of the
merupakan implikasi dari upaya yang telah dijalankan Pemerintah         construction sector were the implications of the efforts that have
dalam menstimulasi perekonomian nasional pada Triwulan IV-              been carried out by the Government in stimulating the national
2023 lalu, seperti stimulus sektor perumahan melalui kebijakan          economy in the fourth quarter of 2023, such as stimulating the
PPN Perumahan Ditanggung Pemerintah dan pemberian subsidi               housing sector through the policy of Government-Borne VAT on
biaya administrasi bagi perumahan Masyarakat Berpenghasilan             Housing and subsidizing administrative costs for Low-Income
Rendah, penebalan bansos untuk mitigasi El Nino dan menjaga             Housing, enhancing social assistance to mitigate El Nino and
daya beli, serta akselerasi penyaluran Kredit Usaha Rakyat (KUR)        maintaining purchasing power, and accelerating the distribution of
untuk penguatan UMKM.                                                   People's Business Credit to strengthen MSMEs.




               PT JACCS MPM Finance Indonesia
68             Laporan Tahunan 2023 Annual Report
Page 71
     Ikhtisar Kinerja | Performance Highlights                  Profil Perseroan | Company Profile                 Tata Kelola Perusahaan | Corporate Governance
                                                                 Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                                           Kinerja Keberlanjutan | Sustainability Performance
                                                              Management Discussion and Analysis




Dengan berbagai capaian kondisi perekonomian nasional tersebut,                            With the various achievements of the national economic conditions,
Indonesia mampu menjadi salah satu negara yang tumbuh kuat                                 Indonesia managed to become one of the countries that grew
dan persisten berada di level yang tinggi dibandingkan dengan                              strongly and persistently at a high level compared to a number of
sejumlah negara lain. Pertumbuhan ekonomi nasional sepanjang                               other countries. National economic growth throughout 2023 was
tahun 2023 mampu melampaui beberapa negara peers seperti                                   able to surpass several peers such as Malaysia (3.77%) and South
Malaysia (3,77%) dan Korea Selatan (1,36%), serta lebih tinggi dari                        Korea (1.36%), as well as higher than the economic growth of G-20
pertumbuhan ekonomi negara G-20 seperti AS (2,5%), Perancis                                countries such as the US (2.5%), France (0.9%) and Germany which
(0,9%) maupun Jerman yang mengalami kontraksi (-0,3%).1                                    experienced a contraction (-0.3%).1




TINJAUAN INDUSTRI PEMBIAYAAN
FINANCING INDUSTRY REVIEW

Pertumbuhan ekonomi nasional salah satunya didukung oleh                                   National economic growth was supported by the financial sector in
kondisi sektor keuangan tahun 2023 yang dinilai stabil dan resilien                        2023 which was considered stable and resilient as reflected in the
tercermin dari pertumbuhan sektor pasar modal, perbankan dan                               growth of the capital market sector, banking and non-bank financial
industri keuangan non bank. Di sektor pasar modal, IHSG posisi                             institutions. In the capital market sector, the IDX Composite
30 November 2023 tercatat menguat sebesar 3,36% secara ytd                                 Index as of November 30, 2023, have strengthened by 3.36%
ke level Rp7.080,74. Untuk sektor perbankan, kinerja intermediasi                          ytd to the level of IDR7,080.74. For the banking sector, banking
perbankan posisi Oktober 2023 tetap terjaga dengan nominal                                 intermediation performance in October 2023 was maintained with
penyaluran kredit sebesar Rp6.902,98 triliun (tumbuh 8,99%                                 loan disbursement of IDR6,902.98 trillion (grew 8.99% yoy) and
secara yoy) dan penghimpunan Dana Pihak Ketiga (DPK) mencapai                              Third Party Funds reached IDR8,198.80 trillion (grew 3.43% yoy). As
sebesar Rp8.198,80 triliun (tumbuh 3,43% secara yoy). Adapun                               for the non-bank financial sector, the accumulated premium income
untuk sektor keuangan non bank, akumulasi pendapatan premi                                 of insurance companies as of October 2023 reached IDR264.23
perusahaan asuransi posisi Oktober 2023 mencapai sebesar                                   trillion (grew 3.54% yoy) and from the financing company industry,
Rp264,23 triliun (tumbuh 3,54% secara yoy) dan dari industri                               financing receivables reached IDR463.12 trillion (grew by 15.02%
perusahaan pembiayaan, piutang pembiayaan mencapai Rp463,12                                yoy). The above-mentioned achievement of economic growth
triliun (tumbuh sebesar 15,02% secara yoy). Capaian pertumbuhan                            and financial sector stability in 2023 proved that the Indonesian
ekonomi dan stabilitas sektor keuangan tahun 2023 di atas                                  economy continued to grow and be strong amid the economic
membuktikan bahwa perekonomian Indonesia tetap tumbuh                                      slowdown and high global uncertainty.2
dan kuat di tengah perlambatan perekonomian serta tingginya
ketidakpastian global.2


Adapun angka penjualan mobil domestik berada di bawah target                               The domestic car sales figure was below the target of 1.05 million
1,05 juta unit sepanjang 2023. Merujuk data terbaru GAIKINDO,                              units throughout 2023. Referring to the latest GAIKINDO data,
penjualan mobil secara whole sales mencapai 1 juta (1.005.802)                             wholesales of cars reached 1 million (1,005,802) units throughout
unit sepanjang 2023, turun 4 persen dibanding capaian sepanjang                            2023, down 4% compared to the achievement of 1.04 million
2022 sebanyak 1,04 juta (1.048.040) unit. Sementara penjualan                              (1,048,040) units in 2022. Meanwhile, retail sales reached 998,059
secara retail sepanjang 2023 mencapai 998.059 unit, turun 1,5                              units in 2023, down 1.5% compared to 1.01 million (1,013,582) units
persen dibanding 2022 yang mencapai 1,01 juta (1.013.582) unit.                            in 2022.


Berdasarkan Asosiasi Industri Sepeda Motor Indonesia (AISI),                               According to the Association of Indonesia Motorcycle Industry
penjualan sepeda motor di tahun 2023 mencatat pertumbuhan                                  (AISI), motorcycle sales in 2023 recorded a growth of 19%, reaching
sebesar 19 persen, mencapai angka 6,2 juta unit walaupun belum                             6.2 million units although it could not surpass the pre-pandemic
bisa melampaui angka sebelum pandemi. Dari sisi pembeli,                                   figure. In terms of buyers, 40% of sold motorcycles were used
40% dari sepeda motor yang terjual digunakan untuk keperluan                               for trade purposes, especially in the micro, small and medium
perdagangan, khususnya pada sektor usaha mikro kecil dan                                   enterprise (MSME) sector. This showed the significant contribution
menengah (UMKM). Ini menunjukkan kontribusi signifikan industri                            of the motorcycle industry to the small and medium business
sepeda motor terhadap ekosistem bisnis kecil dan menengah di                               ecosystem in Indonesia.
Indonesia.

1) https://www.ekon.go.id/publikasi/detail/5629/terus-bersinar-di-tengah-temaram-ekonomi-global-indonesia-berhasil-capai-pertumbuhan-505-di-tahun-2023
2) https://www.ojk.go.id/ojk-institute/id/capacitybuilding/upcoming/3983/outlook-ekonomi-dan-keuangan-di-tahun-2024




                                                                                                                    PT JACCS MPM Finance Indonesia
                                                                                                                 Laporan Tahunan 2023 Annual Report                   69
Page 72
                                                                                     accelerating innovation for further growth



Berdasarkan data Otoritas Jasa Keuangan (OJK), piutang                Based on data from the Financial Services Authority (OJK),
pembiayaan perusahaan multifinance pada Desember 2023 naik            financing receivables of multifinance companies in December
13,23% yoy menjadi Rp470,86 triliun. Angka tersebut melambat          2023 rose 13.23% yoy to IDR470.86 trillion. This figure slowed
bila dibandingkan dengan capaian November 2023 sebesar 14,4%          down compared to the achievement in November 2023 of 14.4%
yoy mencapai Rp467,39 triliun.                                        yoy to reach IDR467.39 trillion.


Rencana Bisnis dan Realisasi                                          Business Plan and Realization

Berikut adalah sejumlah strategi yang diterapkan guna mencapai         The following are some of the strategies implemented to achieve
Rencana Bisnis yang telah ditetapkan sebelumnya, yaitu:                the previously established Business Plan:
• Fokus pada produk pembiayaan mobil bekas dan terus                  • Focus on used car financing product and continue to develop
    mengembangkan bisnis produk pembiayaan kendaraan roda                 the two-wheeler financing product business.
    dua.
• Melakukan perluasan jaringan dengan membuka 4 (empat)               •   Expanding the network by opening 4 (four) marketing offices
    kantor pemasaran di wilayah Kalimantan dan Jawa Timur, yaitu          in the Kalimantan and East Java regions, namely Batulicin,
    Batulicin, Nunukan, Lamongan dan Bondowoso.                           Nunukan, Lamongan, and Bondowoso.
• Untuk menindaklanjuti efisiensi operasional cabang, Perseroan       •   To improve branch operational efficiency, the Company
    memutuskan melakukan penutupan terhadap 3 (tiga) cabang               decided to close 3 (three) branches: Aceh, Rokan Hilir, and
    yaitu Aceh, Rokan Hilir dan Gorontalo.                                Gorontalo.
• Memperkuat sinergi dan kolaborasi dengan MPM Group dan              •   Strengthen synergy and collaboration with MPM Group and
    perusahaan-perusahaan di dalam MPM Group seperti MPM                  its subsidiaries such as MPM Insurance, MPM Mulia, MSO, and
    Insurance, MPM Mulia, MSO, dan AUKSI (lelang mobil).                  AUKSI (car auction).
• Fokus kepada rekanan dealer/showroom dengan kinerja                 •   Focus on dealer/showroom partners who perform well (in terms
    baik (dari sisi jumlah dan kualitas penjualan) dengan                 of quantity and quality of sales) by optimising the provision of
    mengoptimalisasi pemberian program-program privillege                 privilege programs.
    (privilege programs).
• Meningkatkan jumlah dealer-dealer aktif yang bekerja sama           •   Increase the number of active dealers collaborating with the
    dengan Perseroan dan memperluas jaringan supplier baru.               Company and expand the network of new suppliers.
• Implementasi Dealer Management System yaitu inisiasi digital        •   Implementation of Dealer Management System, including
    untuk proses pelacakan aplikasi, Purchase Order, Go Live dan          digitalization initiative for the application tracking process,
    proses pencairan.                                                     Purchase Order, Go Live, and disbursement process.
• Perbaikan proses bisnis dilakukan guna meningkatkan                 •   Business process improvements are carried out to enhance
    efisiensi biaya dan produktivitas, antara lain dengan:                cost efficiency and productivity, among others by:
    - Memperbaiki setiap kebijakan operasional.                           - Improving each operational policy.
    - Memprioritaskan alokasi Manpower Plan (MPP) untuk                   - Prioritizing Manpower Plan (MPP) allocation to support
       mendukung ekspansi bisnis.                                            business expansion.
    - Secara berkelanjutan melakukan efisiensi biaya.                     - Continuously improving cost efficiency.
    - Penyederhanaan        proses      bisnis   dan    peningkatan       - Simplifying business processes and increasing productivity
       produktivitas melalui digitalisasi dan otomatisasi proses.            through digitization and process automation.
• Proses analisis dan persetujuan kredit baru yang lebih prudent      •   A more prudent process of analysis and approval of new loans
    (penerapan prinsip kehati-hatian)                                     (implementation of the prudential principle).
    - Mempercepat proses persetujuan kredit dengan melakukan              - Accelerating credit approval process by simplifying the pre-
       penyederhanaan proses pre-screening.                                  screening process.
• Meningkatkan kualitas aset dan menurunkan biaya                     •   Improve asset quality and reducing provision expense for
    penyisihan piutang ragu-ragu                                          doubtful accounts.
    - Digitalisasi proses collection melalui sistem collection yang       - Digitalization of the collection process through a new
       baru dan pengembangan mobile collection.                              collection system and the development of mobile collection.
    - Menerapkan collection zoning project dengan membuat                 - Implementing a collection zoning project by creating
       pemetaan staf yang lebih terorganisir yang mencakup satu              a more organized staff mapping that covers a specific
       wilayah.                                                              area.
    - Melakukan pemantauan terhadap pembiayaan baru dengan                - Monitoring new financing by looking at Early Warning
       melihat indikator Early Warning, dan                                  indicators, and
    - Mempercepat penjualan Aset yang Diambil Alih (AYDA).                - Accelerating disposal of repossessed vehicles (AYDA).




              PT JACCS MPM Finance Indonesia
70            Laporan Tahunan 2023 Annual Report
Page 73
   Ikhtisar Kinerja | Performance Highlights                  Profil Perseroan | Company Profile                    Tata Kelola Perusahaan | Corporate Governance
                                                               Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                                             Kinerja Keberlanjutan | Sustainability Performance
                                                            Management Discussion and Analysis




TINJAUAN PER SEGMEN USAHA
REVIEW OF BUSINESS BY SEGMENT


Pada tahun 2023, Perseroan menjalankan kegiatan usaha yang                               In 2023, the Company carried out business activities divided into
terbagi atas 4 (empat) segmen:                                                           4 (four) segments:
1. Pembiayaan investasi;                                                                 1. Investment financing;
2. Pembiayaan modal kerja;                                                               2. Working capital financing;
3. Pembiayaan multiguna; dan                                                             3. Multipurpose financing; and
4. Kegiatan usaha pembiayaan lain berdasarkan persetujuan                                4. Other finance business activities based on OJK approval.
    OJK.


Pembahasan lebih terperinci untuk setiap segmen dapat dilihat di                         A more detailed discussion for each segment can be seen as
bawah ini:                                                                               follows:


Pembiayaan Konsumen                                                                      Consumer Finance

Selama tahun 2023, Perseroan mencatatkan penjualan baru                                  Throughout 2023, the Company recorded new sales of consumer
pembiayaan konsumen sebesar Rp4.218 miliar, meningkat 2,39%                              finance amounting to IDR4,218 billion, an increase of 2.39%
dibandingkan dengan capaian tahun lalu yang sebesar Rp4.119                              compared to last year's achievement of IDR4,119 billion. New
miliar. Pembiayaan baru roda empat (4W) di tahun 2023 tercatat                           financing of four-wheel vehicle (4W) in 2023 was recorded at
sebesar Rp2.741 miliar, mengalami penurunan 7,56% dibandingkan                           IDR2,741 billion, decreasing by 7.56% compared to last year's
tahun lalu sebesar Rp2.965 miliar, sedangkan pembiayaan baru                             IDR2,965 billion, while new financing of two-wheel vehicle (2W)
roda dua (2W) sebesar Rp1.445 miliar, naik 29,58% dari tahun                             amounted to IDR1,445 billion, increasing by 29.58% from the
sebelumnya sebesar Rp1.115 miliar.                                                       previous year's IDR1,115 billion.


Total Piutang Pembiayaan Konsumen                                                                                             Total Consumer Finance Receivables


Produk                                                2023                     2022                   Perubahan/Change                                          Product
                                       Rp (Juta)/IDR (Million)   Rp (Juta)/IDR (Million) Rp (Juta)/IDR (Million)                    %
4W                                              5.003.819                5.029.366                  (25.547)                  (0,51%)                                   4W
2W                                              1.862.707                 1.538.057                 324.650                    21,11%                                   2W
Lain-lain*                                         29.594                    32.528                   (2.934)                (9,02%)                            Others*
Jumlah                                         6.896.120                 6.599.951                  296.169                   4,49%                                Total
*) Lain-lain: multi produk dan barang elektronik./Others: multi-products and electronics.


Piutang Pembiayaan Konsumen Berdasarkan Produk                                           Consumer Finance Receivables By Product
Pada tahun 2023, total piutang pembiayaan 4W tercatat                                    In 2023, total 4W financing receivables recorded at IDR5,004
sebesar Rp5.004 miliar mengalami penurunan 0,51% dari tahun                              billion, a decrease of 0.51% from IDR5,029 billion in the previous
sebelumnya sebesar Rp5.029 miliar. Hal ini disebabkan oleh                               year. This was due to an increase of 20.53% in used car financing
meningkatnya piutang pembiayaan mobil bekas sebesar 20,53%                               receivables to IDR3,345 billion in 2023, while new car financing
menjadi sebesar Rp3.345 miliar di tahun 2023, sedangkan piutang                          receivables decreased by 26.41% to IDR1,658 billion.
pembiayaan mobil baru mengalami penurunan 26,41% menjadi
sebesar Rp1.658 miliar.


Sementara itu, total piutang pembiayaan 2W tercatat sebesar                              Meanwhile, total 2W financing receivables were recorded at
Rp1.863 miliar pada tahun 2023, meningkat 21,11% dari tahun lalu                         IDR1,863 billion in 2023, an increase of 21.11% from last year’s
sebesar Rp1.538 miliar. Hal ini disebabkan oleh meningkatnya                             IDR1,538 billion. This was due to an increase of 14.60% in new
piutang pembiayaan motor baru sebesar 14,60% menjadi Rp1.411                             motorcycle financing receivables to IDR1,411 billion and an increase
miliar dan meningkatnya piutang pembiayaan motor bekas sebesar                           of 47.17% in used motorcycle financing receivables to IDR452
47,17% menjadi Rp452 miliar.                                                             billion.




                                                                                                                      PT JACCS MPM Finance Indonesia
                                                                                                                   Laporan Tahunan 2023 Annual Report                   71
Page 74
                                                                                                        accelerating innovation for further growth



Sedangkan total piutang pembiayaan lain-lain tercatat sebesar                      Meanwhile, total other financing receivables stood at IDR30 billion,
Rp30 miliar, turun 9,02% dari tahun sebelumnya.                                    down 9.02% from the previous year.

Pembiayaan 4W                                                                                                                                  4W Financing
Produk                                            2023                      2022                 Perubahan/Change                                  Product
                                   Rp (Juta)/IDR (Million)   Rp (Juta)/IDR (Million)
                                                                                               Rp (Juta)                     %
                                                                                             IDR (Million)

Baru                                        1.658.654                2.254.003              (595.349)               (26,41%)                           New
Bekas                                       3.345.165                2.775.363                569.802               20,53%                            Used
Jumlah                                     5.003.819                5.029.366                 (25.547)               (0,51%)                          Total

Pembiayaan 2W                                                                                                                                  2W Financing
Produk                                            2023                      2022                 Perubahan/Change                                  Product
                                   Rp (Juta)/IDR (Million)   Rp (Juta)/IDR (Million)
                                                                                               Rp (Juta)                     %
                                                                                             IDR (Million)

Baru                                        1.410.693                1.230.923                 179.770               14,60%                            New
Bekas                                         452.014                    307.134              144.880                 47,17%                          Used
Jumlah                                     1.862.707                 1.538.057               324.650                  21,11%                          Total


Pembiayaan Lain-Lain                                                                                                                         Other Financing
Produk                                            2023                      2022                 Perubahan/Change                                   Product
                                   Rp (Juta)/IDR (Million)   Rp (Juta)/IDR (Million)
                                                                                               Rp (Juta)                     %
                                                                                             IDR (Million)

Baru                                             4.703                     4.280                    423               9,88%                            New
Bekas                                           24.891                   28.248                 (3.357)             (11,88%)                          Used
Jumlah                                         29.594                   32.528                 (2.934)              (9,02%)                           Total


Piutang Pembiayaan Konsumen Berdasarkan Tipe Aset                                  Consumer Finance Receivables by Asset Type
Berdasarkan tipe asetnya, piutang pembiayaan konsumen                              Based on asset type, the largest consumer finance receivables in
terbanyak di tahun 2023 adalah MPV sebesar Rp3.008 miliar,                         2023 were MPVs at IDR3,008 billion, followed by Motorcycles at
diikuti oleh Motorcycle sebesar Rp1.892 miliar, Hatchback sebesar                  IDR1,892 billion, Hatchbacks at IDR541 billion, Pick Ups at IDR424
Rp541 miliar, Pick Up sebesar Rp424 miliar, dan SUV sebesar Rp411                  billion, and SUVs at IDR411 billion.
miliar.


                                                2023                                      2022                  Perubahan Change
Tipe Aset                                      Rp (Juta)                                  Rp (Juta)            Rp (Juta)
                                                                                                                                                Asset Type
                               Unit                                      Unit                                                           %
                                             IDR (Million)                              IDR (Million)        IDR (Million)

MPV                         29.683         3.008.328                27.363             2.586.600              421.728              16,30%              MPV
Motorcycle                 133.805          1.892.301               117.377            1.570.584               321.717             20,48%        Motorcycle
Light Truck                  1.534            260.084                 2.343             362.697              (102.613)            (28,29%)       Light Truck
Heavy Truck                   1.372            265.791                 2.211             464.510             (198.719)            (42,78%)      Heavy Truck
Pick Up                      5.275            424.246                 7.856             555.745              (131.499)            (23,66%)          Pick Up
Hatchback                    6.482              541.187               6.916             509.884                 31.303               6,14%       Hatchback
SUV                          2.877             410.833                3.239             407.050                   3.783             0,93%              SUV
Sedan                          797              58.186                 1.192               90.123             (31.937)            (35,44%)           Sedan
Bus                             53                8.373                  102               18.937             (10.564)            (55,78%)              Bus
Double Cabin                   208              25.316                  244                33.757               (8.441)           (25,00%)    Double Cabin
Tractor                          2                1.475                     2                    62                1.413         2.279,03%           Tractor
Lainnya                           -                      -                   -                      -                  0               0%            Others
Jumlah                    182.088          6.896.120              168.845              6.599.951             296.169                4,49%             Total




              PT JACCS MPM Finance Indonesia
72            Laporan Tahunan 2023 Annual Report
Page 75
    Ikhtisar Kinerja | Performance Highlights                 Profil Perseroan | Company Profile                  Tata Kelola Perusahaan | Corporate Governance
                                                               Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                                           Kinerja Keberlanjutan | Sustainability Performance
                                                            Management Discussion and Analysis




Piutang Pembiayaan Konsumen Berdasarkan Wilayah                                          Consumer Finance Receivables by Region
Pada tahun 2023, sebagian besar portofolio pembiayaan 4W                                 In 2023, most of the 4W financing portfolio was in Sumatra with
berada di Sumatra dengan kontribusi sebesar Rp1.542 miliar,                              a contribution of IDR1,542 billion, followed by Kalimantan with a
diikuti oleh Kalimantan dengan kontribusi sebesar Rp932 miliar.                          contribution of IDR932 billion. Meanwhile, for the 2W financing,
Sementara itu, pada pembiayaan 2W, portofolio pembiayaan                                 the largest financing portfolio was in East Java at IDR1,402 billion,
terbesar terdapat di Jawa Timur sebesar Rp1.402 miliar, diikuti oleh                     followed by Nusa Tenggara with a contribution of IDR184 billion.
Nusa Tenggara dengan kontribusi sebesar Rp184 miliar.

Pembiayaan 4W                                                                                                                                           4W Financing

Wilayah                                               2023                      2022                Perubahan/Change                                           Region
                                         Rp (Juta)/IDR (Million)   Rp (Juta)/IDR (Million)
                                                                                                   Rp (Juta)                    %
                                                                                                 IDR (Million)

Sumatra                                           1.541.620                 1.530.302                11.318                0,74%                             Sumatra

Jabodetabek                                         729.254                   805.977             (76.723)               (9,52%)                     Greater Jakarta

Sulawesi                                            510.498                  525.802              (15.304)                (2,91%)                            Sulawesi

Jawa Barat                                          274.862                   285.168             (10.306)                (3,61%)                          West Java

Kalimantan                                           931.700                    927.161              4.539                 0,49%                          Kalimantan

Jawa Timur                                          497.790                   485.853                11.937                2,46%                            East Java

Jawa Tengah                                         198.643                   227.509            (28.866)                (12,69%)                       Central Java

Bali                                                255.273                   172.380              82.893                48,09%                                       Bali

Nusa Tenggara                                          64.179                   69.214             (5.035)                (7,27%)                    Nusa Tenggara

Jumlah                                           5.003.819                5.029.366              (25.547)                (0,51%)                                 Total

                                                                                                                                                        2W Financing
Pembiayaan 2W
Wilayah                                               2023                      2022                Perubahan/Change                                           Region
                                         Rp (Juta)/IDR (Million)   Rp (Juta)/IDR (Million)
                                                                                                   Rp (Juta)                    %
                                                                                                 IDR (Million)

Sumatra                                                51.715                   37.912             13.803                 36,41%                              Sumatra

Jabodetabek                                          42.258                     30.166             12.092                40,09%                      Greater Jakarta

Sulawesi                                              10.074                     3.979              6.095                153,18%                             Sulawesi

Jawa Barat                                            21.914                    14.957               6.957               46,52%                            West Java

Kalimantan                                           57.809                     20.971             36.838               175,66%                           Kalimantan

Jawa Timur                                       1.402.083                  1.226.139             175.944                 14,35%                            East Java

Jawa Tengah                                          44.506                     22.212            22.294                100,37%                          Central Java

Bali                                                 47.880                    45.093                2.787                 6,18%                                      Bali

Nusa Tenggara                                       184.466                   136.629              47.837                35,01%                       Nusa Tenggara

Jumlah                                           1.862.707                 1.538.057            324.650                   21,11%                                 Total




                                                                                                                    PT JACCS MPM Finance Indonesia
                                                                                                                 Laporan Tahunan 2023 Annual Report                    73
Page 76
                                                                                                             accelerating innovation for further growth


Pembiayaan Lain-lain                                                                                                                                Other Financing
Wilayah                                            2023                      2022                  Perubahan/Change                                          Region
                                      Rp (Juta)/IDR (Million)   Rp (Juta)/IDR (Million)
                                                                                                  Rp (Juta)                       %
                                                                                                IDR (Million)

Sumatra                                                    -                         -                      0                    0%                        Sumatra
Jabodetabek                                           1.178                    1.857                 (679)             (36,59%)                      Greater Jakarta
Sulawesi                                                 17                        34                     (17)         (48,80%)                            Sulawesi
Jawa Barat                                                 -                         -                      0                    0%                       West Java
Kalimantan                                                 -                         -                      0                    0%                      Kalimantan
Jawa Timur                                                 -                         -                      0                    0%                       East Java
Jawa Tengah                                       24.745                     27.091               (2.346)                (8,66%)                       Central Java
Bali                                                       -                         -                      0                    0%                             Bali
Nusa Tenggara                                       3.655                     3.545                       110              3,10%                     Nusa Tenggara
Jumlah                                            29.594                   32.528                 (2.934)               (9,02%)                                Total

Sewa Pembiayaan                                                                       Finance Lease

Selama tahun 2023, Perseroan mencatat penjualan sewa                                  Throughout 2023, the Company recorded finance lease sales of
pembiayaan sebesar Rp509 miliar, naik 12,00% dibandingkan                             Rp509 billion, up 12.00% compared to the achievement of Rp455
capaian tahun 2022 sebesar Rp455 miliar. Berdasarkan jenis                            billion in 2022. Based on asset type, finance lease receivables
aset, piutang sewa pembiayaan didominasi oleh alat berat tercatat                     were dominated by heavy equipment amounting to Rp582 billion,
sebesar Rp582 miliar, properti sebesar Rp497 miliar dan vehicle                       property amounting to Rp497 billion and vehicles amounting to
sebesar Rp87 miliar.                                                                  Rp87 billion.


Berdasarkan sektor industri, piutang sewa pembiayaan terbanyak                        Based on industry sector, finance lease receivables mostly came
di sektor Perdagangan & Distribusi sebesar Rp365 miliar, Jasa                         from the Trade & Distribution sector amounting to Rp365 billion,
sebesar Rp273 miliar dan Konstruksi sebesar Rp187 miliar.                             Services sector amounting to Rp273 billion and Construction sector
Sebagian besar portofolio sewa pembiayaan berada di Jawa                              amounting to Rp187 billion. Most of the finance lease portfolio was
Timur, Sumatra dan Jabodetabek.                                                       located in East Java, Sumatra and Greater Jakarta.

Piutang Sewa Pembiayaan Berdasarkan Tipe Aset                                                                         Finance Lease Receivables by Asset Type


                                                   2023                                       2022                   Perubahan Change
Tipe Aset                                       Rp (Juta)                                   Rp (Juta)              Rp (Juta)
                                                                                                                                                        Asset Type
                               Unit
                                              IDR (Million)
                                                                           Unit
                                                                                          IDR (Million)          IDR (Million)               %
 Alat Berat                    954              582.340                    953             578.222                     4.118             0,71%     Heavy Equipment
 Kapal                            -                        -                   1               2.037                 (2.037)          (100,00%)               Ships
 Vehicle                       252                86.626                   479               134.041                (47.415)           (35,37%)             Vehicle
 Mesin                          94                63.289                    115               71.078                 (7.789)           (10,96%)          Machinery
 Properti                      238               496.739                   245             540.552                  (43.813)             (8,11%)           Property
Jumlah                       1.538           1.228.994                   1.793            1.325.930               (96.936)              (7,31%)                Total


Piutang Sewa Pembiayaan Berdasarkan Sektor Industri                                                              Finance Lease Receivables by Industry Sector

Sektor Industri                                    2023                      2022                  Perubahan/Change                                 Industry Sector
                                      Rp (Juta)/IDR (Million)   Rp (Juta)/IDR (Million)
                                                                                                  Rp (Juta)                       %
                                                                                                IDR (Million)

Pertambangan                                      175.291                   212.419                (37.128)              (17,48%)                            Mining
Jasa                                             273.255                   393.678              (120.423)               (30,59%)                           Services
Transportasi                                        10.316                   19.032                 (8.716)             (45,80%)                     Transportation
Perkebunan                                          47.195                   54.418                (7.223)               (13,27%)                         Plantation
Konstruksi                                       186.688                     85.165               101.523                 119,21%                      Construction




               PT JACCS MPM Finance Indonesia
74             Laporan Tahunan 2023 Annual Report
Page 77
   Ikhtisar Kinerja | Performance Highlights                 Profil Perseroan | Company Profile              Tata Kelola Perusahaan | Corporate Governance
                                                              Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                                      Kinerja Keberlanjutan | Sustainability Performance
                                                           Management Discussion and Analysis




Sektor Industri                                      2023                      2022            Perubahan/Change                                 Industry Sector
                                        Rp (Juta)/IDR (Million)   Rp (Juta)/IDR (Million)
                                                                                              Rp (Juta)                    %
                                                                                            IDR (Million)

Manufaktur                                          86.555                     93.798          (7.243)               (7,72%)                     Manufacturing
Kehutanan                                            50.756                    67.944          (17.188)            (25,30%)                             Forestry
Pertanian, Peternakan, Perikanan                      18.170                     8.491            9.679             113,99%      Agriculture, Farms, Fisheries
Perdagangan & Distribusi                           364.856                   382.669           (17.813)             (4,65%)              Trading & Distribution
Lainnya                                                15.911                    8.316            7.595              91,33%                               Others
Jumlah                                          1.228.994                 1.325.930         (96.936)                 (7,31%)                                Total


Piutang Sewa Pembiayaan Berdasarkan Wilayah                                                                           Finance Lease Receivables by Region

Wilayah                                              2023                      2022            Perubahan/Change                                           Region
                                        Rp (Juta)/IDR (Million)   Rp (Juta)/IDR (Million)
                                                                                              Rp (Juta)                    %
                                                                                            IDR (Million)

Sumatra                                            295.186                   202.491         92.695                 45,78%                              Sumatra

Kalimantan                                         184.555                  223.425         (38.870)                (17,40%)                         Kalimantan

Jabodetabek                                       207.809                     359.151       (151.342)              (42,14%)                     Greater Jakarta

Sulawesi                                            388.181                 370.622            17.559                 4,74%                             Sulawesi

Jawa Timur                                          80.407                      71.514            8.893              12,44%                            East Java

Jawa Tengah                                         26.063                    40.229          (14.166)             (35,21%)                        Central Java

Jawa Barat                                          20.504                    33.607          (13.103)            (38,99%)                            West Java

Bali                                                26.289                     24.891             1.398              5,62%                                       Bali

Jumlah                                         1.228.994                 1.325.930          (96.936)                (7,31%)                                 Total




                                                                                                               PT JACCS MPM Finance Indonesia
                                                                                                            Laporan Tahunan 2023 Annual Report                    75
Page 78
                                                                                           accelerating innovation for further growth



TINJAUAN KEUANGAN
FINANCIAL REVIEW


Analisis dan pembahasan manajemen mengenai kinerja keuangan               Management discussion and analysis of financial performance
disusun berdasarkan data-data keuangan yang disajikan sesuai              is prepared based on financial data presented in accordance
dengan kaidah yang tertuang dalam Standar Akuntansi Keuangan              with the rules set forth in the Indonesian Financial Accounting
(“SAK”) Indonesia. Pembahasan dan analisis berikut mengacu pada           Standards (“SAK”). The following discussion and analysis refers to
laporan keuangan Perseroan untuk tanggal dan tahun-tahun yang             the Company’s financial statements for the dates and years ended
berakhir pada 31 Desember 2023 dan 2022 yang telah diaudit                December 31, 2023 and 2022 which have been audited by the
oleh Kantor Akuntan Publik Siddharta Widjaja & Rekan (KPMG)               Public Accounting Firm Siddharta Widjaja & Rekan (KPMG) with
dengan penanggung jawab Liana Lim, S.E., CPA dalam laporannya             Liana Lim, S.E., CPA as the person in charge of their report dated
tertanggal 20 Maret 2024 dengan opini wajar tanpa pengecualian.           March 20, 2024 with an unqualified opinion.

Laporan Posisi Keuangan                                                   Statements of Financial Position

Aset                                                                      Assets
Realisasi total aset Perseroan pada tanggal 31 Desember 2023              The realization of the Company’s total assets as of 31 December
adalah Rp8,16 triliun, mengalami penurunan sebesar 1,63%                  2023 was Rp8.16 trillion, a decrease of 1.63% compared to Rp8.29
dibandingkan dengan realisasi tahun 2022 sebesar Rp8,29 triliun.          trillion in 2022. The decrease in the realization of total assets was
Menurunnya realisasi total aset tersebut terutama disebabkan oleh         mainly due to a decrease in cash on hand and in banks, a decrease
penurunan kas dan bank, penurunan piutang sewa pembiayaan                 in finance lease receivables and a decrease in derivative assets.
serta penurunan aset derivatif.

Aset Tahun 2023– 2022                                                                                                     Assets in 2023– 2022

Dalam jutaan Rupiah, kecuali dinyatakan lain                                  Perubahan/Change             In millions of Rupiah, unless otherwise stated
                                                  2023          2022
Uraian                                                                         Nominal                %                                 Description

Kas dan bank                                    309.035        438.206        (129.171)        (29,48%)            Cash on hand and in banks
Piutang pembiayaan – bersih                    6.601.168      6.387.217        213.951            3,35%            Financing receivables – net
Pihak Ketiga                                                                                                                     Third parties
Piutang sewa pembiayaan – bersih                 759.216       884.247        (125.031)         (14,14%)     Finance lease receivables – net
Pihak ketiga                                                                                                                   Third parties
Beban yang masih dibayar dimuka                   22.261        27.792          (5.531)        (19,90%)                         Prepaid expenses
Piutang lain-lain                               235.753        186.056         49.697            26,71%                         Other receivables
Aset derivatif                                   67.388        184.703         (117.315)       (63,52%)                          Derivative assets
Aset pajak tangguhan – bersih                    86.675          81.865          4.810           5,88%                Deferred tax assets – net
Aset tetap – bersih                               52.188        40.648          11.540          28,39%                           Fixed assets - net
Aset tak berwujud – bersih                        11.844         14.608         (2.764)        (18,92%)                    Intangible assets - net
Aset lain-lain                                    12.514        47.465         (34.951)        (73,64%)                                Other assets
Jumlah Aset                                    8.158.042    8.292.807        (134.765)          (1,63%)                                Total Assets


Liabilitas                                                                Liabilities
Realisasi total liabilitas Perseroan pada tanggal 31 Desember 2023        The realization of the Company’s total liabilities was Rp6.45 trillion
adalah Rp6,45 triliun, mengalami penurunan sebesar Rp101,00               as of 31 December 2023, a decrease of Rp101.00 billion or 1.54%
miliar atau 1,54% dibandingkan dengan realisasi tahun 2022                compared to Rp6.55 trillion in 2022. The decrease in the realization
sebesar Rp6,55 triliun. Menurunnya realisasi total liabilitas tersebut    of total liabilities was due to a decrease in borrowings in 2023.
disebabkan oleh penurunan pinjaman yang diterima pada tahun
2023.




                 PT JACCS MPM Finance Indonesia
76               Laporan Tahunan 2023 Annual Report
Page 79
    Ikhtisar Kinerja | Performance Highlights            Profil Perseroan | Company Profile        Tata Kelola Perusahaan | Corporate Governance
                                                          Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                            Kinerja Keberlanjutan | Sustainability Performance
                                                       Management Discussion and Analysis




Liabilitas Tahun 2023 – 2022                                                                                                 Liabilities in 2023– 2022

Dalam jutaan Rupiah, kecuali dinyatakan lain                                        Perubahan/Change             In millions of Rupiah, unless otherwise stated
                                                   2023             2022
Uraian                                                                               Nominal                %                                 Description

Utang pajak                                         5.792          29.524           (23.732)        (80,38%)                               Taxes payable

Utang usaha                                       58.962            56.813             2.149           3,78%                          Accounts payable

Liabilitas lain-lain                               58.345           47.483            10.862         22,88%                               Other liabilities

Beban dibayar dimuka                               39.108           60.135           (21.027)       (34,97%)                         Accrued expenses

Pinjaman yang diterima                          4.972.981        5.333.491         (360.510)          (6,76%)                                  Borrowings

Liabilitas derivatif                               78.076           60.169            17.907          29,76%                        Derivative liabilities

Utang obligasi                                    922.521         649.324            273.197          42,07%                              Bonds payable

Surat utang jangka menengah                      302.098          301.942                156           0,05%                        Medium term notes

Pinjaman subordinasi                               13.096           13.096                    -        0,00%                         Subordinated loan

Jumlah Liabilitas                               6.450.979       6.551.977         (100.998)           (1,54%)                            Total Liabilities


Ekuitas                                                                        Equity
Realisasi total ekuitas Perseroan pada tanggal 31 Desember 2023                The realization of the Company’s total equity was Rp1.71 trillion
adalah Rp1,71 triliun, mengalami penurunan sebesar Rp33,77 miliar              as of 31 December 2023, a decrease of Rp33.77 billion or 1.94%
atau 1,94% dibandingkan dengan realisasi tahun 2022 sebesar                    compared to the realization in 2022 of Rp1.74 trillion. The decrease
Rp1,74 triliun. Penurunan tersebut disebabkan oleh penurunan                   was due to a decrease in retained earnings.
saldo laba.

Ekuitas Tahun 2023 – 2022                                                                                                        Equity in 2023– 2022
Dalam jutaan Rupiah, kecuali dinyatakan lain                                        Perubahan/Change             In millions of Rupiah, unless otherwise stated
                                                   2023             2022
Uraian                                                                               Nominal                %                                  Description

Modal Saham                                     1.224.475        1.224.475                    -        0,00%                                 Share Capital

Tambahan modal disetor                           243.689          243.689                     -        0,00%                 Additional paid-in capital

Cadangan lindung nilai arus kas                   (31.430)         (29.188)          (2.242)           7,68%           Cash flows hedging reserves

Komponen ekuitas lain                                1.971            1.971                   -        0,00%                Other equity components

Saldo laba                                                                                                                            Retained earnings

Telah ditentukan penggunaannya                    150.017          140.017            10.000            7,14%                                Appropriated

Belum ditentukan penggunaannya                     118.341        159.866            (41.525)       (25,97%)                             Unappropriated

Jumlah Ekuitas                                  1.707.063       1.740.830           (33.767)          (1,94%)                                 Total Equity



Laporan Laba Rugi dan Penghasilan Komprehensif                                 Statements of Profit                  or       Loss        and         Other
Lain                                                                           Comprehensive Income

Berikut ini merupakan laporan laba rugi dan penghasilan                        The following is the Company’s statements of profit or loss and
komprehensif lain Perseroan untuk tahun berakhir pada tanggal 31               other comprehensive income for the years ended 31 December
Desember 2023 dan 2022:                                                        2023 and 2022:




                                                                                                     PT JACCS MPM Finance Indonesia
                                                                                                  Laporan Tahunan 2023 Annual Report                       77
Page 80
                                                                                         accelerating innovation for further growth


Laporan Laba Rugi dan Penghasilan Komprehensif Lain Tahun                  Statements of Profit or Loss and Other Comprehensive Income
2023 – 2022                                                                                                            for 2023 – 2022

Dalam jutaan Rupiah, kecuali dinyatakan lain                                  Perubahan/Change           In millions of Rupiah, unless otherwise stated
                                                   2023          2022
Uraian                                                                        Nominal               %                                 Description

Pendapatan                                                                                                                                  Income

Pembiayaan – Pihak ketiga                       1.023.472      996.239        27.233             2,73%               Financing – Third parties

Sewa Pembiayaan – Pihak ketiga                    104.195       130.853      (26.658)       (20,37%)           Finance lease – Third parties

Lain-lain – Pihak berelasi/                        67.406        69.479        (2.073)       (2,98%)                 Others – Related parties

Lain-lain – Pihak ketiga                          409.431       358.123        51.308         14,33%                     Others – Third parties

Jumlah Pendapatan                              1.604.504      1.554.694       49.810             3,20%                              Total Income

Beban                                                                                                                                    Expenses

Beban keuangan                                  (523.445)      (462.973)     (60.472)         13,06%                         Financing charges

Penyisihan kerugian penurunan                    (542.610)     (476.259)      (66.351)        13,93%        Provision for impairment losses
nilai

Gaji dan tunjangan                               (301.315)     (294.614)       (6.701)           2,27%                Salaries and allowances

Umum dan administrasi                            (233.910)     (191.093)      (42.817)        22,41%              General and administrative

Jumlah Beban                                   (1.601.280)   (1.424.939)    (176.341)        12,38%                              Total Expenses

Laba Sebelum Pajak Penghasilan                      3.224       129.755     (126.531)       (97,52%)             Income Before Income Tax


Beban Pajak Penghasilan                           (2.800)      (28.776)       25.976        (90,27%)                     Income Tax Expense

Laba Bersih                                           424       100.979     (100.555)       (99,58%)                                  Net Income

Penghasilan Komprehensif Lain,                                                                             Other Comprehensive Income,
Setelah Pajak Penghasilan                                                                                            Net of Income Tax

Pos-pos yang tidak akan                                                                                              Items that will never be
direklasifikasikan ke laba rugi:                                                                                 reclassified to profit or loss:

Pengukuran kembali aktuaria atas                   (1.649)        7.887       (9.536)       (120,91%)    Actuarial remeasurement of post-
kewajiban imbalan pasca kerja,                                                                            employment benefits obligation,
setelah pajak penghasilan                                                                                               net of income tax

Pos-pos yang akan                                                                                           Items that will be reclassified to
direklasifikasikan ke laba rugi:                                                                                                profit or loss:

Perubahan nilai wajar neto dari                    (2.242)       57.702      (59.944)       (103,89%)     Net changes in fair value of cash
lindung nilai atas arus kas, setelah                                                                       flows hedge, net of income tax
pajak penghasilan

Penghasilan Komprehensif Lain,                     (3.891)      65.589       (69.480)      (105,93%)       Other Comprehensive Income,
Setelah Pajak Penghasilan                                                                                            Net of Income Tax

Jumlah (Rugi) Laba Komprehensif                   (3.467)       166.568     (170.035)      (102,08%)           Total Comprehensive (Loss)
                                                                                                                                 Income

Laba Per Saham Dasar                                  346        82.467       (82.121)      (99,58%)                       Earnings Per Share
(dalam Rupiah penuh)                                                                                                           (in full Rupiah)




                 PT JACCS MPM Finance Indonesia
78               Laporan Tahunan 2023 Annual Report
Page 81
    Ikhtisar Kinerja | Performance Highlights       Profil Perseroan | Company Profile       Tata Kelola Perusahaan | Corporate Governance
                                                     Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                      Kinerja Keberlanjutan | Sustainability Performance
                                                  Management Discussion and Analysis




Jumlah Pendapatan                                                         Total Income
Di tahun 2023, Perseroan membukukan jumlah pendapatan                     In 2023, the Company booked total income of Rp1,604.50 billion,
sebesar Rp1.604,50 miliar, naik 3,20% dari tahun 2022 yang                up 3.20% from Rp1,554.69 billion in 2022. The increase was mainly
sebesar Rp1.554,69 miliar. Kenaikan tersebut terutama disebabkan          due to an increase in the growth of financing receivables.
oleh peningkatan pertumbuhan piutang pembiayaan.


Jumlah Beban                                                              Total Expenses
Jumlah beban Perseroan pada tanggal 31 Desember 2023 adalah               The Company’s total expenses was Rp1,601.28 billion as of
Rp1.601,28 miliar, mengalami kenaikan sebesar Rp176,34 miliar             31 December 2023, an increase of Rp176.34 billion or 12.38%
atau 12.38% dibandingkan dengan jumlah beban tahun 2022                   compared to total expenses of Rp1,424.94 billion in 2022. This was
sebesar Rp1.424,94 miliar. Hal ini disebabkan adanya peningkatan          due to an increase in provision for impairment losses, financing
beban penyisihan kerugian penurunan nilai, beban keuangan,                charges, general and administrative expenses and salaries and
beban umum dan administrasi serta beban gaji dan tunjangan.               allowances.


Beban Keuangan                                                            Financing Charges
Realisasi beban keuangan Perseroan pada tanggal 31 Desember               The realization of the Company’s financing charges was Rp523.44
2023 adalah Rp523,44 miliar, mengalami kenaikan sebesar                   billion as of 31 December 2023, an increase of Rp60.47 billion or
Rp60,47 miliar atau 13,06% dibandingkan dengan realisasi tahun            13.06% compared to Rp462.97 billion in 2022. The increase in
2022 sebesar Rp462,97 miliar. Kenaikan beban keuangan                     financing charges was due to an increase in the average balance
tersebut disebabkan oleh peningkatan saldo rata-rata pinjaman             of borrowings throughout 2023.
yang diterima disepanjang tahun 2023.


Laba Sebelum Pajak Penghasilan                                            Income Before Income Tax
Per 31 Desember 2023, Perseroan mencatatkan laba sebelum                  As of 31 December 2023, the Company recorded income before
pajak penghasilan sebesar Rp3,22 miliar, turun sebesar Rp126,53           income tax of Rp3.22 billion, a decrease of Rp126.53 billion or
miliar atau 97,52% dibandingkan dengan laba sebelum pajak                 97.52% compared to profit before income tax in 2022 amounted
penghasilan tahun 2022 sebesar Rp129,75 miliar. Hal tersebut              to Rp129.75 billion. This was mainly due to an increase in total
terutama disebabkan oleh peningkatan jumlah beban terutama                expenses, especially provision for impairment losses, financing
beban penyisihan kerugian penurunan nilai, beban keuangan serta           charges and general and administrative expenses.
beban umum dan administrasi.


Laba Bersih                                                               Net Income
Realisasi laba bersih Perseroan pada tanggal 31 Desember 2023             The Company's net income realization as of 31 December 2023
adalah Rp0,42 miliar, mengalami penurunan sebesar Rp100,55                was IDR0.42 billion, decreasing by IDR100.55 billion or 99.58%
miliar atau 99,58% dibandingkan dengan realisasi tahun 2022               compared to the realization in 2022 of IDR100.98 billion. The
sebesar Rp100,98 miliar. Penurunan laba bersih Perseroan pada             decrease in the Company's net income in 2023 was influenced by
tahun 2023 dipengaruhi oleh peningkatan jumlah beban terutama             an increase in total expenses, especially provision for impairment
beban penyisihan kerugian penurunan nilai, beban keuangan serta           losses, financing charges and general and administrative
beban umum dan administrasi.                                              expenses.


Penghasilan Komprehensif Lain                                             Other Comprehensive Income
Per 31 Desember 2023, Perseroan mencatatkan penghasilan                   As of 31 December 2023, the Company recorded other
komprehensif lain sebesar minus Rp 3,89 miliar, turun dibandingkan        comprehensive income of minus IDR3.89 billion, a decrease
penghasilan komprehensif lain tahun sebelumnya sebesar                    compared to other comprehensive income of IDR65.59 billion. This
Rp65,59 miliar. Hal ini disebabkan oleh penurunan signifikan pada         was due to significant decrease in the net changes in fair value of
perubahan nilai wajar neto dari lindung nilai atas arus kas setelah       cash flows hedge, net of income tax.
pajak penghasilan.


(Rugi) Laba Komprehensif Tahun Berjalan                                   Comprehensive (Loss) Income for the Year
Per 31 Desember 2023, Perseroan mencatatkan rugi komprehensif             As of 31 December 2023, the Company recorded comprehensive
tahun berjalan sebesar Rp3,47 miliar, sedangkan pada tahun                loss for the year of Rp3.47 billion, meanwhile in the previous year,
sebelumnya, Perseroan mencatat laba komprehensif tahun                    the Company posted comprehensive income for the year of
berjalan sebesar Rp166,57 miliar. Hal ini disebabkan oleh laba            Rp166.57 billion. This was due to lower net income as well as a
bersih yang lebih rendah serta penurunan perubahan nilai wajar            decrease in the net changes in fair value of cash flows hedge, net
neto dari lindung nilai atas arus kas setelah pajak penghasilan.          of income tax.




                                                                                              PT JACCS MPM Finance Indonesia
                                                                                           Laporan Tahunan 2023 Annual Report                    79
Page 82
                                                                                              accelerating innovation for further growth



Laporan Arus Kas                                                            Statements of Cash Flows

Berikut ini merupakan laporan arus kas Perseroan untuk tahun                The following is the Company’s statements of cash flows for the
berakhir pada tanggal 31 Desember 2023 dan 2022:                            years ended 31 December 2023 and 2022:

Laporan Arus Kas Tahun 2023 – 2022                                                                    Statement of Cash Flows in 2023 - 2022

Dalam jutaan Rupiah, kecuali dinyatakan lain                                    Perubahan/Change              In millions of Rupiah, unless otherwise stated
                                                   2023           2022
Uraian                                                                           Nominal                 %                                 Description
Kas bersih (digunakan untuk)                     (134.608)        84.548        (219.156)        (259,21%)        Net cash (used in) provided by
diperoleh dari aktivitas operasi                                                                                             operating activities
Kas bersih digunakan untuk                         (9.332)        (3.322)         (6.010)          180,91%              Net cash used in investing
aktivitas investasi                                                                                                                       activities
Kas bersih diperoleh dari aktivitas                 14.769        310.019     (295.250)           (95,24%)                       Net cash provided
pendanaan                                                                                                                     by financing activities
(Penurunan) kenaikan bersih kas                   (129.171)      391.245       (520.416)          (133,01%)     Net (decrease) increase in cash
dan bank                                                                                                                  on hand and in banks
Kas dan bank, awal tahun                          438.206          46.961       391.245            833,13%            Cash on hand and in banks,
                                                                                                                            beginning of the year
Kas dan bank, akhir tahun                         309.035        438.206        (129.171)         (29,48%)      Cash on hand and in banks, end
                                                                                                                                    of the year

Posisi kas dan bank pada akhir tahun 2023 tercatat sebesar                  The position of cash on hand and in banks at the end of 2023
Rp309,04 miliar, mengalami penurunan sebesar Rp129,17 miliar                was recorded at Rp309.04 billion, a decrease of Rp129.17 billion or
atau 29,48% dibandingkan dengan realisasi kas dan bank pada                 29.48% compared to the realization of cash on hand and in banks
akhir tahun 2022 sebesar Rp438,21 miliar.                                   at the end of 2022 amounted to Rp438.21 billion.


Arus Kas dari Aktivitas Operasi                                             Cash Flows from Operating Activities
Berikut ini merupakan arus kas dari aktivitas operasi untuk tahun           The following are cash flows from operating activities for the years
berakhir pada tanggal 31 Desember 2023 dan 2022:                            ended December 31, 2023 and 2022:

Arus Kas dari Aktivitas Operasi Tahun 2023 – 2022                                           Cash Flows from Operating Activities in 2023-2022

Dalam jutaan Rupiah, kecuali dinyatakan lain                                    Perubahan/Change              In millions of Rupiah, unless otherwise stated
                                                   2023           2022
Uraian                                                                          Nominal                  %                                 Description
 Penerimaan kas dari:                                                                                                           Cash received from:
 Transaksi pembiayaan                           4.785.012      4.786.984         (1.972)           (0,04%)                  Financing transactions
 Transaksi sewa pembiayaan                       693.830         684.319           9.511             1,39%             Finance lease transactions
 Pendapatan administrasi                          229.513        192.019         37.494            19,53%                   Administration income
 Denda dari pelanggan                              40.879         45.970         (5.091)           (11,07%)             Penalties from customers
 Pendapatan bunga                                   15.215         2.644          12.571          475,45%                             Interest income
 Lain-lain                                        180.829        179.067           1.762            0,98%                                          Other
 Jumlah penerimaan kas                          5.945.278      5.891.003         54.275             0,92%                       Total cash received
 Pengeluaran kas untuk:                                                                                                   Cash disbursements for:
 Transaksi pembiayaan                          (4.506.549)    (4.392.184)      (114.365)            2,60%                   Financing transactions
 Transaksi sewa pembiayaan                      (489.338)      (456.640)       (32.698)              7,16%             Finance lease transactions
 Beban usaha                                     (244.637)      (143.289)      (101.348)           70,73%                      Operating expenses
 Gaji dan tunjangan                              (313.870)      (280.145)       (33.725)           12,04%                 Salaries and allowances
 Beban keuangan                                 (495.249)      (523.776)         28.527            (5,45%)                        Financing charges
 Jumlah pengeluaran kas                        (6.049.643)    (5.796.034)     (253.609)             4,38%               Total cash disbursements




                  PT JACCS MPM Finance Indonesia
80                Laporan Tahunan 2023 Annual Report
Page 83
    Ikhtisar Kinerja | Performance Highlights              Profil Perseroan | Company Profile           Tata Kelola Perusahaan | Corporate Governance
                                                            Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                                 Kinerja Keberlanjutan | Sustainability Performance
                                                         Management Discussion and Analysis




Dalam jutaan Rupiah, kecuali dinyatakan lain                                          Perubahan/Change                In millions of Rupiah, unless otherwise stated
                                                    2023             2022
Uraian                                                                                 Nominal                   %                                 Description
 Pembayaran pajak penghasilan                     (30.243)           (10.421)         (19.822)            190,21%                Payment of income taxes
 Kas bersih (digunakan untuk)                     (134.608)          84.548          (219.156)          (259,21%)         Net cash (used in) provided by
 diperoleh dari aktivitas operasi                                                                                                    operating activities


Realisasi kas bersih yang digunakan untuk aktivitas operasi                      The realization of net cash used in operating activities in 2023
pada tahun 2023 tercatat sebesar Rp134,61 miliar, mengalami                      was recorded at -Rp134.61 billion, a decrease of Rp219.16 billion
penurunan sebesar Rp219,16 miliar atau 259,21% dibandingkan                      or 259.21% compared to the net cash provided by operating
dengan kas bersih yang diperoleh dari aktivitas operasi pada                     activities in 2022 of Rp84.55 billion. This decrease occurred due
tahun 2022 sebesar Rp84,55 miliar. Penurunan ini terjadi karena                  to increased cash disbursements for financing transactions.
meningkatnya pengeluaran kas untuk transaksi pembiayaan.


Arus Kas dari Aktivitas Investasi                                                Cash Flows from Investing Activities
Berikut ini merupakan arus kas dari aktivitas investasi untuk tahun              The following are cash flows from investing activities for the years
berakhir pada tanggal 31 Desember 2023 dan 2022:                                 ended December 31, 2023 and 2022:

Arus Kas dari Aktivitas Investasi Tahun 2023 – 2022                                                Cash Flows from Investing Activities in 2023 - 2022

Dalam jutaan Rupiah, kecuali dinyatakan lain                                          Perubahan/Change                In millions of Rupiah, unless otherwise stated
                                                    2023              2022
Uraian                                                                                 Nominal                   %                                 Description
Penerimaan dari penjualan aset                       5.035             6.165             (1.130)          (18,33%) Proceeds from sale of fixed assets
tetap
Perolehan aset tetap                                 (5.414)          (3.451)           (1.963)            56,88%               Acquisition of fixed assets
Perolehan aset tak berwujud                         (8.953)          (6.036)            (2.917)            48,33%        Acquisition of intangible assets
Kas bersih digunakan untuk                          (9.332)           (3.322)           (6.010)           180,92%              Net cash used in investing
aktivitas investasi                                                                                                                              activities


Realisasi kas bersih yang digunakan untuk aktivitas investasi                    The realization of net cash used in investing activities in 2023 was
pada tahun 2023 tercatat sebesar Rp9,33 miliar, mengalami                        recorded at Rp9.33 billion, an increase of Rp6.01 billion or 180.92%
kenaikan sebesar Rp6,01 miliar atau 180,92% dibandingkan                         compared to Rp3.32 billion in 2022. This increase occurred due to
dengan tahun 2022 sebesar Rp3,32 miliar. Kenaikan ini terjadi                    a decrease in proceeds from sale of fixed assets and an increase
karena menurunnya penerimaan dari penjualan aset tetap dan                       in acquisition of fixed assets.
meningkatnya perolehan aset tetap.


Arus Kas dari Aktivitas Pendanaan                                                Cash Flows from Financing Activities
Berikut ini merupakan arus kas dari aktivitas pendanaan untuk                    The following are cash flows from financing activities for the years
tahun berakhir pada tanggal 31 Desember 2023 dan 2022:                           ended December 31, 2023 and 2022:

Arus Kas dari Aktivitas Pendanaan Tahun 2023 – 2022                                             Cash Flows from Financing Activities in 2023 - 2022

Dalam jutaan Rupiah, kecuali dinyatakan lain                                          Perubahan/Change                In millions of Rupiah, unless otherwise stated
                                                    2023              2022
Uraian                                                                                 Nominal                   %                                 Description
Penerimaan dari pinjaman yang                    2.743.852        5.684.834       (2.940.982)             (51,73%)             Proceeds from borrowings
diterima
Pembayaran pinjaman yang                        (2.960.652)      (5.350.702)        2.390.050             (44,67%)                Payments of borrowings
diterima
Penerimaan dari utang obligasi                    400.000          600.000          (200.000)             (33,33%)        Proceeds from bonds payable
Pembayaran dari utang obligasi                    (130.000)        (616.000)          486.000             (78,90%)            Payments of bonds payable
Penerimaan dari surat utang                                -        300.000         (300.000)            (100,00%) Proceeds from medium term notes
jangka menengah
Pembayaran dari surat utang                                                                                             Payments of medium term notes
                                                           -      (300.000)          300.000             (100,00%)
jangka menengah




                                                                                                          PT JACCS MPM Finance Indonesia
                                                                                                       Laporan Tahunan 2023 Annual Report                        81
Page 84
                                                                                          accelerating innovation for further growth



Dalam jutaan Rupiah, kecuali dinyatakan lain                                  Perubahan/Change            In millions of Rupiah, unless otherwise stated
                                                2023          2022
Uraian                                                                         Nominal               %                                 Description
Dividen tunai                                  (30.300)               -       (30.300)                -                             Cash dividend
Pembayaran liabilitas sewa                       (8.131)       (8.113)             (18)          0,22%             Payment of lease liabilities
Kas bersih diperoleh dari aktivitas                                                                          Net cash provided by financing
                                                14.769       310.019        (295.250)         (95,24%)
pendanaan                                                                                                                          activities


Pada tahun 2023, Perseroan mencatatkan kas bersih yang                    In 2023, the Company recorded net cash provided by financing
diperoleh dari aktivitas pendanaan sebesar Rp14,77 miliar,                activities of Rp14.77 billion, a decrease of Rp295.25 billion or
mengalami penurunan sebesar Rp295,25 miliar dari 95,24%                   95.24% compared to net cash provided by financing activities in
dibandingkan dengan kas bersih yang diperoleh dari aktivitas              2022 amounted to Rp310.02 billion. This decrease was mainly due
pendanaan pada tahun 2022 sebesar Rp310,02 miliar. Penurunan              to a decrease in proceeds from borrowings.
ini terutama disebabkan oleh penurunan penerimaan dari pinjaman
yang diterima.

Rasio Keuangan                                                            Financial Ratios

Kemampuan Perseroan dalam memberdayakan sumber daya yang                  The Company’s ability to utilize its resources to generate optimal
dimiliki untuk menghasilkan laba dan nilai tambah yang optimal            profit and added value for all shareholders and stakeholders is
bagi seluruh pemegang saham dan pemangku kepentingan                      reflected in its profitability ratios. The following table shows the
tercermin dari rasio profitabilitas. Tabel di bawah ini menunjukkan       achievement of profitability ratios for the last 2 (two) years:
capaian rasio profitabilitas selama 2 (dua) tahun terakhir:


                                                                              Perubahan/Change
                                                2023          2022
Uraian                                                                         Nominal               %                                 Description
Margin laba bruto                               67,38%       70,22%              (2,84)         (4,04%)                      Gross profit margin
Margin laba usaha                               0,20%         8,34%              (8,15)       (97,60%)                  Operating profit margin
Margin laba bersih                               0,03%        6,49%              (6,47)       (99,54%)                          Net profit margin
Rasio laba terhadap total aset                   0,04%         1,64%             (1,60)       (97,56%)                           Return on assets
Rasio laba terhadap total ekuitas               0,02%         6,00%              (5,98)       (99,66%)                           Return on equity




                 PT JACCS MPM Finance Indonesia
82               Laporan Tahunan 2023 Annual Report
Page 85
    Ikhtisar Kinerja | Performance Highlights        Profil Perseroan | Company Profile        Tata Kelola Perusahaan | Corporate Governance
                                                      Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                        Kinerja Keberlanjutan | Sustainability Performance
                                                   Management Discussion and Analysis




KEMAMPUAN MEMBAYAR UTANG
DEBT-PAYING ABILITY


Kemampuan Perseroan dalam memenuhi kewajibannya dapat                      The Company’s ability to fulfil its obligations can be seen from
dilihat dari sejumlah indikator, antara lain kondisi keuangan jangka       a number of indicators, including short-term financial condition
pendek (likuiditas), kondisi keuangan jangka panjang (solvabilitas),       (liquidity), long-term financial condition (solvency), and the level of
dan tingkat kolektibilitas piutang.                                        collectibility of receivables.


Kemampuan Membayar Utang Jangka Pendek                                     Ability to Pay Short-Term Debt (Liquidity)
(Likuiditas)

Perseroan menggunakan rasio lancar untuk mengukur                          The Company uses current ratio to measure its ability to pay short-
kemampuannya dalam membayar utang jangka pendek, terutama                  term debts, especially maturing debts by using available current
utang yang telah jatuh tempo dengan menggunakan aset lancar                assets. In 2023, the current ratio stood at 147%, higher than 140%
yang tersedia. Pada tahun 2023, rasio lancar tercatat sebesar              in 2022.
147%, lebih tinggi dari tahun 2022 sebesar 140%.


Kemampuan Membayar Utang Jangka Panjang                                    Ability to Pay Long-Term Debt (Solvency)
(Solvabilitas)

Perseroan menggunakan rasio solvabilitas untuk mengukur                    The Company uses solvency ratios to measure its ability to pay
kemampuannya dalam membayar utang jangka panjang yang                      long-term debt, which includes the debt to total assets (DAR), the
meliputi rasio liabilitas terhadap total aset (DAR), rasio liabilitas      debt to total equity (DER) and the Gearing ratio.
terhadap total ekuitas (DER) dan rasio Gearing.

Rasio                                                                                                                                          Ratio
Uraian                                                           2023              2022                                               Description

Rasio liabilitas terhadap total aset (DAR)                       79,1%            79,0%                              Debt to Assets Ratio (DAR)

Rasio liabilitas terhadap total ekuitas (DER)                  377,9%            376,4%                               Debt to Equity Ratio (DER)

Rasio Gearing                                                    3,61 x           3,59 x                                            Gearing Ratio




TINGKAT KOLEKTIBILITAS PIUTANG
RECEIVABLES COLLECTIBILITY RATE


Pengelolaan piutang pembiayaan dilakukan Perseroan secara hati-            The Company manages its financing receivables prudently by
hati dengan membuat perkiraan perolehan pembayaran piutang                 estimating the collection of receivables from customers. The
dari pelanggan. Tingkat kolektibilitas piutang Perseroan dihitung          Company's receivables collectability rate is calculated by dividing
dengan cara membagi piutang yang tidak tertagih lewat jatuh                the uncollectible receivables past due more than 90 days (Non-
tempo lebih dari 90 hari (Non-Performing Financing/NPF) dengan             Performing Financing/NPF) by the total receivables under
jumlah piutang yang dikelola. Pada akhir tahun 2023, tingkat NPF           management. At the end of 2023, the Company's NPF level was
Perseroan adalah 4,54%, sedangkan NPF rata-rata industri sebesar           4.54%, while the industry average NPF was 2.68%.
2,68%.




                                                                                                PT JACCS MPM Finance Indonesia
                                                                                             Laporan Tahunan 2023 Annual Report                    83
Page 86
                                          accelerating innovation for further growth




     PT JACCS MPM Finance Indonesia
84   Laporan Tahunan 2023
                     2023Annual
                          AnnualReport
                                 Report
Page 87
    Ikhtisar Kinerja | Performance Highlights                  Profil Perseroan | Company Profile              Tata Kelola Perusahaan | Corporate Governance
                                                                Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                                        Kinerja Keberlanjutan | Sustainability Performance
                                                             Management Discussion and Analysis




STRUKTUR MODAL
CAPITAL STRUCTURE


Perseroan melakukan pengelolaan modal dengan tujuan                                      The Company manages its capital with the objective of ensuring
untuk memastikan pemeliharaan rasio modal yang sehat guna                                the maintenance of healthy capital ratios to support its business
mendukung usaha dan memaksimalkan imbalan bagi pemegang                                  and maximize shareholder returns. In managing the capital
saham. Dalam mengelola struktur permodalan, Perseroan                                    structure, the Company makes adjustments to changes in
melakukan penyesuaian terhadap perubahan kondisi ekonomi.                                economic conditions.


Dalam hal ini, Perseroan menggunakan rasio DER yang dihitung                             In this case, the Company uses the DER ratio which is calculated by
dengan cara membagi total liabilitas (utang) dengan total ekuitas                        dividing total liabilities (debt) by total equity (capital). The following
(modal). Tabel berikut menunjukkan struktur modal selama 2 (dua)                         table shows the capital structure for the last 2 (two) years.
tahun terakhir.

Struktur Modal Tahun 2023 – 2022                                                                                                Capital Structure in 2023 - 2022

Dalam jutaan Rupiah, kecuali dinyatakan lain                  2023                                   2022                      In millions of Rupiah, unless otherwise stated


Uraian                                         Proporsi terhadap   Struktur Modal      Proporsi terhadap   Struktur Modal                                   Description
                                                   Nominal          Proportion in          Nominal          Proportion in
                                                 Proportion to     Capital Structure     Proportion to     Capital Structure
                                                   Nominal                (%)              Nominal                (%)

Liabilitas                                         6.450.979               79,08%           6.551.977               79,01%                                      Liabilities

Ekuitas                                             1.707.063              20,92%           1.740.830              20,99%                                           Equity

Liabilitas dan Ekuitas                              8.158.042            100,00%           8.292.807             100,00%                         Liabilities and Equity




IKATAN MATERIAL UNTUK INVESTASI BARANG
MODAL
MATERIAL COMMITMENT FOR CAPITAL EXPENDITURE

Pada tahun 2023, Perseroan tidak memiliki ikatan yang material                           In 2023, the Company did not enter into material commitment for
untuk investasi barang modal.                                                            capital expenditure.




INVESTASI BARANG MODAL
CAPITAL EXPENDITURE

Pada tahun 2023, Perseroan tidak melakukan investasi barang                              In 2023, the Company did not invest in capital goods.
modal.




                                                                                                                PT JACCS MPM Finance Indonesia
                                                                                                             Laporan Tahunan 2023 Annual Report                         85
Page 88
                                                                                           accelerating innovation for further growth



PERBANDINGAN ANTARA TARGET
DAN REALISASI TAHUN 2023
COMPARISON BETWEEN TARGET AND REALIZATION IN 2023

Pada awal tahun, Perseroan menetapkan target-targetnya dalam                At the beginning of the year, the Company sets its targets in
rangka melakukan proyeksi kinerja yang hendak dicapai pada satu             order to project the performance to be achieved in one financial
tahun buku. Upaya ini dilakukan untuk mencapai pertumbuhan                  year. This is done to achieve structured financial and operational
kinerja keuangan dan operasional yang terstruktur. Dalam tahun              performance growth. During the financial year, the Company
buku tersebut, Perseroan senantiasa meninjau kembali target yang            constantly reviews the targets that have been set by considering
telah ditetapkan dengan mempertimbangkan kondisi internal dan               internal and external conditions.
eksternal.


Perbandingan antara target dan realisasi pada tahun buku 2023               The comparison between target and realization in the financial
dapat dilihat pada tabel sebagai berikut:                                   year 2023 can be seen in the following table:

Perbandingan antara Target dan Realisasi Tahun 2023                                    Comparison between Target and Realization in 2023
Dalam jutaan Rupiah, kecuali dinyatakan lain                                                               In millions of Rupiah, unless otherwise stated

                                                                  Realisasi 2023       Pencapaian
Uraian                                         Target 2023
                                                                 2023 Realization      Achievement
                                                                                                                                        Description

Pembiayaan Baru                                   5.362.000             4.727.591              88,17%                               New Financing

Aset                                               8.858.501            8.158.042             92,09%                                           Assets

Liabilitas                                         6.992.745           6.450.979              92,25%                                        Liabilities

Ekuitas                                            1.865.756            1.707.063              91,49%                                           Equity

Pendapatan                                          1.717.081           1.604.504             93,44%                                          Income

Laba Bersih Tahun Berjalan                            143.896                 424               0,29%                   Net Income for the Year

Pembagian Dividen                                            0             30.300                 N/A                          Dividend Payment




INFORMASI DAN FAKTA MATERIAL
YANG TERJADI SETELAH TANGGAL PELAPORAN
KEUANGAN
MATERIAL INFORMATION AND FACTS SUBSEQUENT TO THE FINANCIAL
REPORTING DATE


Tidak ada informasi atau fakta material yang terjadi setelah tanggal        There were no information or material facts subsequent to the
laporan akuntan.                                                            financial reporting date.




                 PT JACCS MPM Finance Indonesia
86               Laporan Tahunan 2023 Annual Report
Page 89
     Ikhtisar Kinerja | Performance Highlights                   Profil Perseroan | Company Profile                    Tata Kelola Perusahaan | Corporate Governance
                                                                  Analisis dan Diskusi Manajemen
  Laporan Manajemen | Management Report                                                                               Kinerja Keberlanjutan | Sustainability Performance
                                                               Management Discussion and Analysis




PROSPEK USAHA
BUSINESS OUTLOOK


Menjelang datangnya tahun 2024, perekonomian dunia                                          Entering the year 2024, the world economy is expected to
diperkirakan masih terus dibayangi berbagai kondisi ketidakpastian                          continue to be overshadowed by various global uncertainty
global mulai dari risiko pertumbuhan ekonomi China dan Amerika                              conditions ranging from the risk of weakening Chinese and
yang melemah, geopolitik perang Ukraina-Rusia dan konflik                                   American economic growth, the geopolitics of the Ukraine-Russia
Palestina-Israel, fragmentasi ekonomi (antitesis dari integrasi                             war and the Palestinian-Israeli conflict, economic fragmentation
ekonomi), volatilitas harga komoditas, ancaman perubahan iklim,                             (the antithesis of economic integration), commodity price volatility,
kontraksi PMI Manufaktur global, serta meningkatnya harga minyak                            climate change threats, contraction of the global Manufacturing
dunia. Berdasarkan laporan World Economic Outlook (WEO) yang                                PMI, and rising global oil prices. Based on the World Economic
diterbitkan IMF pada 10 Oktober 2023, pertumbuhan ekonomi                                   Outlook (WEO) report published by the IMF on 10 October 2023,
global di tahun 2024 akan mencapai sebesar 2,9% turun 0,1% dari                             global economic growth in 2024 will reach 2.9%, down 0.1% from
proyeksi pertumbuhan ekonomi global tahun 2023 yang mencapai                                the projected global economic growth in 2023 which reached 3%.
sebesar 3%. Kondisi global tersebut, tentu dapat memberikan                                 These global conditions can certainly have a significant impact on
dampak yang signifikan pada perekonomian Indonesia apabila                                  the Indonesian economy if the Government, regulators, industry
Pemerintah, regulator, pelaku industri dan pemangku kepentingan                             players and other stakeholders do not prepare anticipatory steps.
lainnya tidak menyiapkan langkah antisipatif.


Berdasarkan proyeksi dari beberapa lembaga, sebagian besar                                  Based on projections from several institutions, most of them predict
memprediksikan bahwa pertumbuhan ekonomi Indonesia tahun                                    that Indonesia's economic growth in 2024 will remain stable at
2024 masih tetap stabil di kisaran 5%, lebih tinggi dari proyeksi                           around 5%, higher than the global economic growth projection
pertumbuhan ekonomi global di atas yang mencapai sebesar                                    above mentioned which reached 2.9%. Some institutions that
2,9%. Beberapa lembaga yang telah memproyeksikan besaran                                    have projected the figure of Indonesia's economic growth in 2024
pertumbuhan perekonomian Indonesia tahun 2024 antara lain                                   include the World Bank at 4.9%, ADB and IMF at 5.0% and OECD
World Bank sebesar 4,9%, ADB dan IMF sebesar 5,0% serta OECD                                at 5.2%. The Indonesian government has set a target of 5.2%1 for
sebesar 5,2%. Adapun Pemerintah Indonesia telah menetapkan                                  Indonesia's economic growth in 2024.
target pertumbuhan ekonomi Indonesia tahun 2024 sebesar 5,2%.1


Menurut Otoritas Jasa Keuangan, kinerja industri pembiayaan                                 According to the Financial Services Authority, the performance of
diperkirakan akan terus meningkat dan mengalami pertumbuhan                                 the financing industry is expected to continue to increase and enjoy
aset di kisaran 13,00% s.d. 16,00% (yoy) pada Desember 2024.                                asset growth in the range of 13.00% to 16.00% (yoy) in December
Sementara itu, pertumbuhan pembiayaan terbesar terjadi pada                                 2024. Meanwhile, the largest financing growth occurred in the
sektor Perdagangan Besar dan Eceran; Reparasi dan Perawatan                                 Wholesale and Retail Trade; Repair and Maintenance of Cars and
Mobil dan Sepeda Motor yang diikuti dengan sektor Pertambangan                              Motorcycles sector, followed by the Mining and Quarrying sector.
dan Penggalian. Kinerja yang cukup baik dari sektor-sektor tersebut                         The good performance of these sectors during 2023 is projected
selama tahun 2023 diproyeksikan masih akan mendominasi                                      to dominate the growth in 2024.
pertumbuhan di tahun 2024.




1) https://www.ojk.go.id/ojk-institute/id/capacitybuilding/upcoming/3983/outlook-ekonomi-dan-keuangan-di-tahun-2024




                                                                                                                         PT JACCS MPM Finance Indonesia
                                                                                                                      Laporan Tahunan 2023 Annual Report                   87
Page 90
                                                                                       accelerating innovation for further growth



PROYEKSI DI TAHUN 2024
2024 PROJECTION


Perseroan telah menetapkan target kinerja untuk menjadi acuan          The Company has set performance targets to be a reference in the
dalam pelaksanaan aktivitas operasional pada tahun 2024                implementation of operational activities in 2024 as follows:
mendatang sebagai berikut:

Proyeksi                                                                                                                        Projection
Uraian                                                              Target 2024                                               Description

Pembiayaan Baru                                                       5.790.000                                            New Financing

Aset                                                                  8.959.344                                                     Assets

Liabilitas                                                            7.192.398                                                  Liabilities

Ekuitas                                                                1.717.299                                                    Equity

Pendapatan                                                            1.663.756                                                    Income

Laba Bersih Tahun Berjalan                                               60.012                                   Net Income for the Year




ASPEK PEMASARAN
MARKETING ASPECTS


Strategi Pemasaran                                                     Marketing Strategy

Dalam setiap kegiatan bisnis, aspek pemasaran senantiasa               In every business activity, the marketing aspect always plays
memainkan peranan penting guna memperluas jangkauan usaha,             an important role in expanding business reach, anticipating
mengantisipasi persaingan dan perubahan dalam tren bisnis serta        competition and changes in business trends as well as in offering
dalam menawarkan produk baru yang berkualitas.                         new quality products.


Dalam menerapkan strategi pemasaran, Perseroan senantiasa              In implementing marketing strategies, the Company always
mempertimbangkan faktor-faktor seperti efektivitas, efisiensi dan      considers factors such as effectiveness, efficiency and appropriate
manajemen risiko yang tepat. Pasar yang semakin kompetitif             risk management. The increasingly competitive market poses
memberikan tantangan tersendiri, sehingga Perseroan dituntut           its own challenges, so the Company is required to take internal
untuk melakukan langkah-langkah perbaikan internal untuk               improvement measures to strengthen a more effective operational
memperkuat model operasional yang lebih efektif. Adapun salah          model. One of the initiatives taken is organizational transformation,
satu inisiatif yang dilakukannya adalah transformasi organisasi,       by strengthening the internal organization that focuses on sales
yaitu dengan cara memperkukuh organisasi internal yang berfokus        and customer service in branch offices.
pada penjualan dan pelayanan konsumen di kantor cabang.


Selain itu, aktivitas pemasaran juga dilakukan melalui jaringan        In addition, marketing activities are also carried out through the
cabang yang sudah ada dengan meningkatkan efisiensi dan                existing branch network by improving branch efficiency and
produktivitas cabang melalui kolaborasi dengan beberapa mitra          productivity through collaboration with several strategic partners
strategis untuk memasarkan produk-produk Perseroan.                    to market the Company’s products.




              PT JACCS MPM Finance Indonesia
88            Laporan Tahunan 2023 Annual Report
Page 91
    Ikhtisar Kinerja | Performance Highlights       Profil Perseroan | Company Profile        Tata Kelola Perusahaan | Corporate Governance
                                                     Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                       Kinerja Keberlanjutan | Sustainability Performance
                                                  Management Discussion and Analysis




Perbaikan juga dilakukan terhadap program pemasaran pada                  Improvements were also made to the previous year’s marketing
tahun sebelumnya atas dasar pertimbangan bahwa program                    programs on the basis that the existing programs were effective
yang sudah berjalan memiliki nilai efektivitas serta sejalan dengan       and in line with the Company’s business strategy and acceptable
strategi usaha Perseroan dan dapat diterima oleh pemangku                 to stakeholders.
kepentingan.


Secara garis besar, Perseroan melakukan sejumlah inisiatif                Broadly speaking, the Company undertook a number of marketing
pemasaran yang meliputi:                                                  initiatives which included:
1. Fokus pada produk pembiayaan mobil bekas dan terus                     1. Focus on used car financing product and continue to develop
   mengembangkan bisnis produk pembiayaan kendaraan roda                       the two-wheeler financing product business.
   dua.
2. Melakukan perluasan jaringan dengan membuka 4 (empat)                  2. Expanding the network by opening 4 (four) marketing offices
   kantor pemasaran di wilayah Kalimantan dan Jawa Timur, yaitu              in the Kalimantan and East Java regions, namely Batulicin,
   Batulicin, Nunukan, Lamongan dan Bondowoso.                               Nunukan, Lamongan, and Bondowoso.
3. Memperkuat sinergi dan kolaborasi dengan MPM Group dan                 3. Strengthening synergy and collaboration with MPM Group and
   perusahaan-perusahaan di dalam MPM Group seperti MPM                      its subsidiaries such as MPM Insurance, MPM Mulia, MSO, and
   Insurance, MPM Mulia, MSO, dan AUKSI (lelang mobil).                      AUKSI (car auction).
4. Fokus kepada rekanan dealer/showroom dengan kinerja                    4. Focus on dealer/showroom partners who perform well (in terms
   baik (dari sisi jumlah dan kualitas penjualan) dengan                     of quantity and quality of sales) by optimising the provision of
   mengoptimalisasi pemberian program-program privillege                     privilege programs.
   (privilege programs).
5. Meningkatkan jumlah dealer-dealer aktif yang bekerja sama              5. Increase the number of active dealers collaborating with the
   dengan Perseroan dan memperluas jaringan supplier baru.                   Company and expand the network of new suppliers.
6. Implementasi Dealer Management System yaitu inisiasi digital           6. Implementation of Dealer Management System, including
   untuk proses pelacakan aplikasi, Purchase Order, Go Live dan              digitalization initiative for the application tracking process,
   proses pencairan.                                                         Purchase Order, Go Live, and disbursement process.
7. Meningkatkan pangsa pasar pembiayaan motor baru hingga                 7. Increasing new motorbike financing market share to 10% in
   sebesar 10% di MPM Mulia.                                                 MPM Mulia.
8. Memfokuskan pembiayaan 4W pada segmen kendaraan                        8. Focusing 4W financing on passenger vehicle segment rather
   penumpang dibandingkan kendaraan komersial.                               than commercial vehicle.


Pangsa Pasar                                                              Market Share

Berdasarkan rilis data resmi yang dipublikasikan Otoritas Jasa            Based on official data published by the Financial Services Authority
Keuangan (OJK), total aset industri pembiayaan nasional untuk             (OJK), the total assets of the national financing industry for the year
tahun yang berakhir pada 31 Desember 2023 tercatat sebesar                ending 31 December 2023 were recorded at Rp552.89 trillion,
Rp552,89 triliun, sementara total aset tahun 2022 sebesar                 while the total assets in 2022 were Rp487.92 trillion.
Rp487,92 triliun.


Total aset Perseroan untuk tahun yang berakhir pada 31 Desember           The Company’s total assets for the years ending 31 December 2023
2023 dan 31 Desember 2022 masing-masing sebesar Rp8,16 triliun            and 31 December 2022 were Rp8.16 trillion and Rp8.29 trillion,
dan Rp8,29 triliun. Jika dilakukan perbandingan antara total aset         respectively. If a comparison is made between the Company’s total
Perseroan terhadap total aset industri pembiayaan nasional maka           assets and the total assets of the national financing industry, it can
terlihat bahwa pangsa pasar Perseroan di tahun 2023 mengalami             be seen that the Company’s market share in 2023 has decreased
penurunan menjadi sebesar 1,48% dibandingkan dengan tahun                 to 1.48% compared to 2022 which was 1.70%.
2022 yang sebesar 1,70%.




                                                                                               PT JACCS MPM Finance Indonesia
                                                                                            Laporan Tahunan 2023 Annual Report                    89
Page 92
                                                                                  accelerating innovation for further growth



KEBIJAKAN DIVIDEN
DIVIDEND POLICY


Perseroan melakukan pembagian dividen di tahun 2023 sebesar       The Company paid a dividend of IDR30.30 billion in 2023. This
Rp30,30 miliar. Hal ini telah sesuai dengan Keputusan Rapat       was in accordance with the Resolutions of the General Meeting of
Umum Pemegang Saham tanggal 23 Juni 2023.                         Shareholders dated 23 June 2023.




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


(Dalam jutaan Rupiah/(In millions of Rupiah)                                         Penawaran Umum Obligasi Berkelanjutan I
                                                                            JACCS MPM Finance Indonesia Tahap II Tahun 2023
Uraian
                                                                              Public Offering of JACCS MPM Finance Indonesia
Description                                                                       Shelf Registration Bonds I Phase II Year 2023

Tanggal efektif                                                                                     11 Agustus 2023/August 11, 2023
Effective date

Nilai realisasi hasil penawaran umum                                                                             Rp400.000.000.000
Realised value of public offering proceeds

Biaya penawaran umum                                                                                                 Rp1.803.826.214
Public offering costs

Hasil bersih                                                                                                       Rp398.196.173.786
Net proceeds

Rencana penggunaan dana modal kerja pembiayaan                                                                     Rp398.196.173.786
Proposed use of working capital financing proceeds

Penggunaan dana modal kerja pembiayaan                                                                             Rp398.196.173.786
Use of working capital financing proceeds




PERUBAHAN PERATURAN YANG BERPENGARUH
SIGNIFIKAN TERHADAP PERSEROAN
CHANGES IN REGULATIONS THAT SIGNIFICANTLY AFFECT THE COMPANY


Sepanjang tahun 2023, tidak terdapat perubahan peraturan          Throughout 2023, there were no changes in government
pemerintah dan otoritas pasar modal yang berpengaruh signifikan   regulations and capital market authorities that significantly affected
terhadap Perseroan.                                               the Company.




               PT JACCS MPM Finance Indonesia
90             Laporan Tahunan 2023 Annual Report
Page 93
   Ikhtisar Kinerja | Performance Highlights     Profil Perseroan | Company Profile        Tata Kelola Perusahaan | Corporate Governance
                                                  Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                    Kinerja Keberlanjutan | Sustainability Performance
                                               Management Discussion and Analysis




INFORMASI MATERIAL MENGENAI INVESTASI,
EKSPANSI, DIVESTASI, PENGGABUNGAN/
PELEBURAN USAHA, AKUISISI, RESTRUKTURISASI
UTANG/MODAL, TRANSAKSI AFILIASI, DAN
TRANSAKSI YANG MENGANDUNG BENTURAN
KEPENTINGAN
MATERIAL INFORMATION REGARDING INVESTMENT, EXPANSION,
DIVESTMENT, BUSINESS MERGER/CONSOLIDATION, ACQUISITION, DEBT/
CAPITAL RESTRUCTURING, AFFILIATED TRANSACTIONS, AND TRANSACTIONS
CONTAINING CONFLICT OF INTEREST


Pada tahun 2023, Perseroan melaporkan tidak ada informasi              In 2023, the Company reported no material information regarding
yang bersifat material mengenai investasi, ekspansi, divestasi,        investment,     expansion,     divestment,       merger/consolidation,
penggabungan/peleburan usaha, akuisisi atau restrukturisasi            acquisition or debt/capital restructuring, affiliated transactions, and
utang/modal, transaksi afiliasi, dan transaksi yang mengandung         transactions involving conflict of interest.
benturan kepentingan.




PERUBAHAN KEBIJAKAN AKUNTANSI
CHANGES IN ACCOUNTING POLICIES


Sepanjang tahun 2023, tidak terdapat perubahan kebijakan               Throughout 2023, there were no changes in accounting policies
akuntansi yang berpengaruh signifikan terhadap Perseroan, dan          that have a significant effect on the Company, and the Company
Perseroan telah mengadopsi seluruh ketentuan dalam kebijakan           has adopted all provisions in generally accepted accounting
akuntansi yang berlaku umum.                                           policies.




                                                                                            PT JACCS MPM Finance Indonesia
                                                                                         Laporan Tahunan 2023 Annual Report                    91
Page 94

          
Page 95
                                             TATA KELOLA
                                             PERUSAHAAN
                                             CORPORATE
                                             GOVERNANCE

Tata Kelola Perusahaan                 94    Komite-Komite di Bawah Direksi          132
Corporate Governance                         Committees under the Board of
Rapat Umum Pemegang Saham              98    Directors
General Meeting of Shareholders              Sekretaris Perusahaan                   135
Dewan Komisaris                        102   Corporate Secretary
Board of Commissioners                       Audit Internal                          137
Direksi                                108   Internal Audit
Board of Directors                           Sistem Pengendalian Internal            143
Penilaian terhadap Kinerja Dewan       115   Internal Control System
Komisaris dan Direksi                        Auditor Eksternal                       145
Performance Assessment of the Board          External Auditor
of Commissioners and the Board of            Penilaian Risiko atas Penerapan         146
Directors                                    Keuangan Berkelanjutan
Kebijakan Nominasi Dewan Komisaris     116   Risk Assessment on the
dan Direksi                                  Implementation of Sustainable Finance
Nomination Policy of the Board of            Perkara Penting                         153
Commissioners and the Board of               Legal Cases
Directors
                                             Sanksi Administratif                    153
Kebijakan Remunerasi bagi Dewan        117   Administrative Sanction
Komisaris dan Direksi
                                             Program Kepemilikan Saham oleh          154
Remuneration Policy of the Board
                                             Karyawan atau Manajemen
of Commissioners and the Board of
                                             Employee or Management Stock
Directors
                                             Option Program
Hubungan Afiliasi antara Anggota       119
                                             Kebijakan Pengungkapan Informasi        154
Dewan Komisaris, Direksi, dan
                                             Kepemilikan Saham Dewan Komisaris
Pemegang Saham Utama
                                             dan Direksi
Affiliation between Members of the
                                             Policy of Information Disclosure on
Board of Commissioners, Board of
                                             Share Ownership by the Board of
Directors, and Majority Shareholders
                                             Commissioners and Board of Directors
Komite Audit                           120
                                             Kode Etik                               154
Audit Committee
                                             Code of Conduct
Komite Nominasi dan Remunerasi         124
                                             Sistem Pelaporan Pelanggaran            156
Nomination and Remuneration
                                             Whistleblowing System
Committee
                                             Kebijakan Anti Korupsi                  157
Komite Pemantau Risiko                 129
                                             Anti-Corruption Policy
Risk Monitoring Committee
                                             Kebijakan Pengendalian Fraud            158
                                             Fraud Control Policy
                                             Kebijakan Penerapan Anti Pencucian      160
                                             Uang, Pencegahan Pendanaan
                                             Terorisme, dan Pencegahan
                                             Pendanaan Proliferasi Senjata
                                             Pemusnah Massal
                                             Policy on Anti-Money Laundering,
                                             Counter-Terrorist Financing, and
                                             Counter-Proliferation Financing of
                                             Weapons of Mass Destruction
                                             Kebijakan Pengadaan                     163
                                             Procurement Policy
                                             Pemangku Kepentingan                    163
                                             Stakeholders
                                             Permasalahan yang Dihadapi Dalam        165
                                             Penerapan Keuangan Berkelanjutan
                                             Issues Faced in the Implementation of
                                             Sustainable Finance
                                             Akses Informasi Perseroan               165
                                             Access to Company Information
Page 96
                                                                                     accelerating innovation for further growth



TATA KELOLA PERUSAHAAN [E]
CORPORATE GOVERNANCE


Bagi Perseroan, Tata Kelola Perusahaan yang Baik (Good Corporate     For the Company, Good Corporate Governance/GCG is a crucial
Governance/GCG) merupakan faktor penting untuk meraih tujuan         factor in achieving the goal of implementing sustainable finance,
dari penerapan keuangan berkelanjutan, yang berorientasi             which is oriented to a balance of economic, social, environmental
pada keseimbangan aspek ekonomi, sosial, lingkungan, dan             aspects and creates added value for shared prosperity on an
menciptakan nilai tambah bagi kesejahteraan bersama secara           ongoing basis.
berkesinambungan.


Dalam konteks pembangunan berkelanjutan, GCG menjadi salah           In the context of sustainable development, GCG is one of the main
satu pilar utama yang diharapkan mampu membentuk fondasi             pillars which is expected to be able to establish the foundation of a
iklim investasi yang sehat. Lebih lanjut, GCG juga telah menjadi     healthy investment climate. Furthermore, GCG has also become a
salah satu faktor fundamental bagi investor dalam menilai kinerja    fundamental factor for investors in assessing sustainable company
perusahaan yang berkelanjutan hingga masa-masa mendatang.            performance in the future.

Praktik-praktik GCG di lingkungan Perseroan telah dilakukan sesuai   GCG practices within the Company have been carried out in
dengan peraturan perundang-undangan dan etika bisnis sehingga        accordance with statutory regulations and business ethics, thus
diharapkan mampu mendorong pengelolaan Perseroan yang                enabling it to encourage professional, transparent and efficient
profesional, transparan, dan efisien guna memenuhi kewajiban         management of the Company in order to fulfill its obligations
secara bertanggungjawab kepada para pemangku kepentingan.            responsibly to stakeholders.

Penerapan Prinsip Tata Kelola Perusahaan yang                        Implementation of Good and Sustainable Corporate
Baik dan Berkelanjutan                                               Governance Principles

Perseroan terus berusaha untuk menjalankan strategi yang tepat       The Company strives to continuously implement the right strategy
dan menyempurnakan implementasi prinsip-prinsip GCG secara           and improve the implementation of GCG principles which include
berkesinambungan yang meliputi, keterbukaan, akuntabilitas,          transparency, accountability, responsibility, independence,
tanggung jawab, kemandirian, dan kewajaran dengan melibatkan         and fairness by involving all management and employees of
seluruh manajemen dan karyawan Perseroan di setiap tingkatan         the Company at every level of the organization as part of the
dan jenjang organisasi sebagai komitmen dari Perseroan untuk         Company’s commitment to create added value for stakeholders.
menciptakan nilai tambah bagi para pemangku kepentingan.


 Prinsip-Prinsip Tata Kelola Perusahaan yang Baik                            Good Corporate Governance Principles
Keterbukaan                                                          Transparency
Keterbukaan proses pengambilan keputusan dalam pengungkapan          Transparency on decision-making process in disclosing and in
dan penyediaan informasi yang relevan mengenai Perseroan,            providing relevant information on the Company that is easily
yang mudah diakses oleh pemangku kepentingan sesuai dengan           accessible to stakeholders in accordance with their authority,
kewenangannya dengan memperhatikan peraturan kerahasiaan             without prejudice to the Company’s confidentiality policy in
Perseroan sesuai dengan peraturan perundang-undangan di bidang       accordance with the laws and regulations in financing sector as
pembiayaan serta standar, prinsip, dan praktik penyelenggaraan       well as standards, principles, and practices of the sound financing
usaha pembiayaan yang sehat.                                         business.

Implementasi                                                         Implementation
Inisiatif Perseroan untuk membuka informasi atau isu yang            The Company’s initiative to disclose information or issues required
disyaratkan oleh peraturan perundang-undangan, serta hal-            by the laws and regulations as well as other significant matters with
hal penting lainnya yang dilihat berpotensi mempengaruhi             the potential to influence decision-making by the shareholders and
pengambilan keputusan oleh pemegang saham dan pemangku               other stakeholders, such as the inclusion of information required
kepentingan lainnya, seperti pencantuman informasi yang              by debtors in financing agreements, disclosure of Annual Reports,
dibutuhkan oleh debitur di dalam perjanjian pembiayaan,              Financial Statements, and announcements through the Exchange
pengungkapan atas Laporan Tahunan, Laporan Keuangan,                 website and the Company website (www.jaccsmpmfinance.com).
pengumuman melalui situs web Bursa dan situs web Perseroan
(www.jaccs-mpmfinance.com).




              PT JACCS MPM Finance Indonesia
94            Laporan Tahunan 2023 Annual Report
Page 97
    Ikhtisar Kinerja | Performance Highlights      Profil Perseroan | Company Profile       Tata Kelola Perusahaan | Corporate Governance
                                                    Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                     Kinerja Keberlanjutan | Sustainability Performance
                                                 Management Discussion and Analysis




 Prinsip-Prinsip Tata Kelola Perusahaan yang Baik                                 Good Corporate Governance Principles
Akuntabilitas                                                             Accountability
Kejelasan fungsi dan pelaksanaan pertanggungjawaban organ                Clarity of functions and implementation of the Company’s organ
Perseroan sehingga kinerja Perseroan dapat berjalan secara               responsibility, so that the Company’s performance can run
transparan, wajar, efektif, dan efisien.                                 transparently, properly, effectively, and efficiently.
Implementasi                                                             Implementation
Perseroan berupaya menerapkan pembagian yang jelas antar                 The Company strives to make clear segregation for its organs,
organ Perseroan, termasuk untuk membuat Piagam Dewan                     including by preparing Charters of the Board of Commissioners,
Komisaris, Direksi hingga komite-komite penunjang Dewan                  Board of Directors, as well as supporting committees of the Board
Komisaris maupun Direksi. Perseroan juga menerapkan prinsip              of Commissioners and the Board of Directors. The Company
kehati-hatian (prudence) serta patuh pada hukum dan peraturan            also implements the principle of prudence and complies with the
yang berlaku saat melaksanakan sistem pengendalian dan                   prevailing laws and regulations in performing risk control and
manajemen risiko Perseroan.                                              management systems.

Pertanggungjawaban                                                        Responsibility
Kesesuaian pengelolaan Perseroan dengan peraturan perundang-             Conformity of the Company’s management with the laws and
undangan di bidang pembiayaan dan nilai-nilai etika serta standar,       regulations in financing sector and ethical values as well as
prinsip, dan praktik penyelenggaraan usaha pembiayaan yang               standards, principles, and practices of the sound financing
sehat.                                                                   business.
Implementasi                                                             Implementation
Perseroan berprinsip untuk bertanggung jawab dengan mematuhi             The Company implements the responsibility principle by
ketentuan Anggaran Dasar dan peraturan perundang-undangan                complying with the Articles of Association and applicable laws and
yang berlaku, menjalankan Tanggung Jawab Sosial Perusahaan               regulations, carries out Corporate Social Responsibility (CSR), and
(CSR), serta melaksanakan kewajiban keterbukaan informasi                carries out information disclosure obligations in accordance with
sesuai dengan regulasi yang telah ditetapkan.                            prevailing regulations.

Kemandirian                                                               Independence
Perseroan yang dikelola secara mandiri, profesional serta bebas          The Company is managed independently, professionally, and
dari benturan kepentingan dan pengaruh atau tekanan dari                 without any conflict of interest and influence or pressure from any
pihak manapun yang tidak sesuai dengan peraturan perundang-              party that does not comply with the regulations in financing sector,
undangan di bidang pembiayaan dan nilai-nilai etika serta standar,       ethical values, standards, principles, and practices of the sound
prinsip dan praktik penyelenggaraan usaha pembiayaan yang                financing business.
sehat.
Implementasi                                                             Implementation
Prinsip kemandirian ini diwujudkan Perseroan dengan saling               The Company implements the independence principle by
menghormati hak, kewajiban, tugas, wewenang, serta tanggung              mutually respecting the rights, obligations, duties, authorities, and
jawab di antara organ Perseroan; Pemegang Saham dan Dewan                responsibilities among the Company’s organs; Shareholders and
Komisaris tidak melakukan intervensi terhadap pengurusan                 the Board of Commissioners do not intervene in the management
Perseroan; serta Dewan Komisaris, Direksi, dan seluruh karyawan          of the Company; and the Board of Commissioners, Board of
senantiasa menghindari terjadinya benturan kepentingan dalam             Directors and all employees must always avoid conflicts of interest
pengambilan keputusan.                                                   in the decision making.

Kesetaraan dan Kewajaran                                                  Equality and Fairness
Kesetaraan, keseimbangan, dan keadilan dalam memenuhi hak-               Equality, balance, and fairness in fulfilling the rights of existing
hak pemangku kepentingan yang ada berdasarkan perjanjian,                stakeholders in accordance with the agreements, laws, and
peraturan perundang-undangan serta nilai-nilai etika, standar,           regulations, as well as ethical values, standards, principles, and
prinsip, dan praktik penyelenggaraan usaha pembiayaan yang               practices of the sound financing business.
sehat.
Implementasi                                                             Implementation
Prinsip ini diwujudkan dengan memberikan hak yang sama untuk             This principle is realized by granting the equal rights for
pemegang saham untuk menghadiri dan memberikan suara dalam               shareholders to attend and vote at the GMS in accordance with
RUPS sesuai ketentuan yang berlaku. Selain itu, diwujudkan               applicable regulations, as well as providing decent and safe
dengan memberikan kondisi lingkungan kerja yang baik dan aman            working conditions for all employees in accordance with the
untuk seluruh karyawan sesuai dengan kemampuan Perseroan                 Company’s capabilities and applicable laws and regulations.
dan peraturan perundang-undangan yang berlaku.


Implementasi Tata Kelola Perusahaan                                      Corporate Governance Implementation

Dalam menerapkan GCG, Perseroan berpedoman pada peraturan                To implement GCG, the Company adheres to the applicable
dan undang-undang yang berlaku, seperti:                                 regulations and laws, including:
a. Undang-Undang Republik Indonesia No. 8 Tahun 1995 tentang             a. Law of the Republic of Indonesia No. 8 of 1995 concerning
    Pasar Modal.                                                             Capital Markets.



                                                                                              PT JACCS MPM Finance Indonesia
                                                                                           Laporan Tahunan 2023 Annual Report                   95
Page 98
                                                                                  accelerating innovation for further growth



b. Undang-undang nomor 40 tahun 2007 tentang Perseroan            b. Law No. 40 of 2007 concerning Limited Liability Companies
   Terbatas (”UU PT”).                                               (“UU PT”).
c. POJK No. 29/POJK.05/2020 tentang Perubahan Atas POJK           c. POJK No. 29/POJK.05/2020 concerning Amendments to
   No. 30/POJK.05/2014 tentang Tata Kelola Perusahaan yang           POJK No. 30/POJK.05/2014 concerning Good Corporate
   Baik bagi Perusahaan Pembiayaan.                                  Governance for Finance Companies.
d. POJK No. 47/POJK.05/2020 tentang Perizinan Usaha dan           d. POJK No. 47/POJK.05/2020 concerning Business License
   Kelembagaan Perusahaan Pembiayaan dan Perusahaan                  and Institutional Finance Companies and Sharia Finance
   Pembiayaan Syariah.                                               Companies.
e. POJK No. 35/POJK.05/2019 tentang Penyelenggaraan Usaha         e. POJK      No.    35/POJK.05/2019       concerning     Business
   Perusahaan Pembiayaan.                                            Implementation of Finance Companies.
f. POJK No. 33/POJK.04/2014 tentang Direksi dan Dewan             f. POJK No. 33/POJK.04/2014 concerning Board of Directors and
   Komisaris Emiten atau Perusahaan Publik.                          Board of Commissioners of Issuers or Public Companies.
g. POJK No. 31/POJK.04/2015 tentang Keterbukaan atas Informasi    g. POJK No. 31/POJK.04/2015 concerning Disclosure of
   atau Fakta Material oleh Emiten atau Perusahaan Publik.           Information or Material Facts by Issuers or Public Companies.
h. POJK No. 29/POJK.04/2016 tentang Laporan Tahunan Emiten        h. POJK No. 29/POJK.04/2016 concerning Annual Reports of
   atau Perusahaan Publik.                                           Issuers or Public Companies.
i. SEOJK No. 16/SEOJK.04/2021 tentang Bentuk dan Isi Laporan      i. SEOJK No. 16/SEOJK.04/2021 concerning Form and Content
   Emiten atau Perusahaan Publik.                                    of Reports of Issuers or Public Companies.
j. Anggaran Dasar dan Pedoman Kebijakan Perseroan.                j. The Company’s Articles of Association and Policy Guidelines.
k. Peraturan perundang-undangan terkait lainnya.                  k. Other related laws and regulations.


Penerapan prinsip GCG pada berbagai aspek sepanjang tahun         Throughout 2023, the implementation of GCG principles in various
2023, di antaranya adalah:                                        aspects, including:
1. Perseroan menjadi anggota dan aktif dalam pendaftaran          1. The Company is a member and is active in registering assets to
   aset guna menghindari terjadinya pembiayaan ganda. Hal             avoid double financing. This is carried out as implementation of
   ini dilakukan sebagai salah satu bentuk implementasi prinsip       the transparency principle by the Company and the fulfillment
   keterbukaan yang dilakukan Perseroan dan pemenuhan                 of regulatory obligations.
   kewajiban regulasi.
2. Perseroan telah menyampaikan informasi baik berupa             2. The Company has submitted information in the form of both
   informasi keuangan dan non-keuangan kepada publik secara          financial and non-financial information to the public in a
   transparan.                                                       transparent manner.
3. Perseroan memiliki komitmen tinggi dalam penegakkan            3. The Company is highly committed to upholding a culture of
   budaya disiplin dan kepatuhan di seluruh jenjang organisasi       discipline and compliance at all levels of the organization
   dengan menyusun Pakta Integritas untuk meningkatkan               by drafting an Integrity Pact to improve law enforcement,
   penegakan hukum, menjalankan kebijakan anti-fraud dan             implement anti-fraud policies and whistleblowing system.
   sistem pelaporan pelanggaran.
4. Perseroan menerapkan prinsip FAST FRIENDLY sebagai nilai-      4. The Company applies the FAST FRIENDLY principle as the
   nilai dasar Perseroan.                                            Company’s core values.
5. Perseroan melakukan program pelatihan Anti Pencucian           5. The Company holds Anti-Money Laundering, Counter-Terrorist
   Uang, Pencegahan Pendanaan Terorisme, dan Pencegahan              Financing, and Counter-Proliferation Financing of Weapons of
   Pendanaan Proliferasi Senjata Pemusnah Massal (APU-PPT            Mass Destruction (AML-CFT and CPF) trainings to employees,
   dan PPPSPM) kepada karyawan.
6. Perseroan menyelenggarakan pelatihan Fraud Awareness           6. The Company conducted Fraud Awareness training to all
   kepada seluruh karyawan, dan refreshment training kepada          employees, and refreshment training to the Collection team
   tim Collection terkait proses eksekusi aset.                      regarding the asset execution process.
7. Perseroan memperkuat sistem pengendalian internal.             7. The Company strengthens the internal control system.


Penilaian GCG                                                     GCG Assessment

Di tahun 2023, Perseroan melakukan penilaian GCG secara           In 2023, the Company conducted GCG assessment through self-
mandiri (self-assessment) dengan berlandaskan regulasi, yaitu:    assessment based on the regulations, namely:
1. POJK No. 29/POJK.05/2020 tentang Perubahan atas POJK           1. POJK No. 29/POJK.05/2020 concerning Amendments to POJK
    No. 30/POJK.05/2014 tentang Tata Kelola Perusahaan yang           No. 30/POJK.05/2014 concerning Good Corporate Governance
    Baik bagi Perusahaan Pembiayaan.                                  for Finance Companies.
2. POJK No. 28/POJK.05/2020 tentang Penilaian Tingkat             2. POJK No. 28/POJK.05/2020 concerning Assessment of the
    Kesehatan Lembaga Jasa Keuangan Non-Bank.                         Soundness Level of Non-Bank Financial Services Institutions.



             PT JACCS MPM Finance Indonesia
96           Laporan Tahunan 2023 Annual Report
Page 99
    Ikhtisar Kinerja | Performance Highlights        Profil Perseroan | Company Profile         Tata Kelola Perusahaan | Corporate Governance
                                                      Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                         Kinerja Keberlanjutan | Sustainability Performance
                                                   Management Discussion and Analysis




3. SEOJK No. 15/SEOJK.05/2016 tentang Laporan Penerapan                    3.   SEOJK No. 15/SEOJK.05/2016 concerning Report of Good
   Tata Kelola yang Baik bagi Perusahaan Pembiayaan.                            Corporate Governance Implementation for Finance Companies.
4. SEOJK No. 11/SEOJK.05/2020 tentang Penilaian Tingkat Kesehatan          4.   SEOJK No. 11/SEOJK.05/2020 concerning Assessment of Soundness
   Perusahaan Pembiayaan dan Perusahaan Pembiayaan Syariah.                     Level of Finance Companies and Sharia Finance Companies.


Struktur Tata Kelola Perusahaan [E.1]                                      Corporate Governance Structure

Struktur Tata Kelola Perusahaan berperan penting dalam menguatkan          The Corporate Governance structure has an important role in
kontrol dan pengelolaan Perseroan. Struktur Tata Kelola disusun mulai      strengthening the control and management of the Company.
dari organ atau perangkat yang dimiliki oleh Perseroan, yang dibentuk      The Governance structure is composed of organs or apparatus
untuk pemenuhan regulasi atau peraturan perundang-undangan                 of the Company established pursuant to the applicable laws and
yang berlaku, maupun organ atau perangkat yang dibentuk karena             regulations, as well as organs or apparatus established for the
kebutuhan internal Perseroan untuk meningkatkan penerapan GCG              Company’s internal needs to improve the GCG implementation in
di seluruh aspek bisnis dan operasional.                                   all business and operational aspects.


Struktur Tata Kelola Perusahaan yang kuat tersusun atas organ-             A strong Corporate Governance structure is composed of the main
organ utama Perseroan yang dapat melaksanakan peran dan                    Company organs that carries out their roles and functions effectively
fungsinya secara efektif dan efisien. Merujuk pada Undang-                 and efficiently. In accordance with the Law of the Republic of
Undang Republik Indonesia No. 40 Tahun 2007 tentang Perseroan              Indonesia No. 40 of 2007 concerning Limited Liability Companies,
Terbatas, organ utama Perseroan terdiri dari Rapat Umum                    the main organs of the Company consist of the General Meeting of
Pemegang Saham (RUPS), Dewan Komisaris dan Direksi.                        Shareholders (GMS), Board of Commissioners, and Board of Directors.


Dalam melaksanakan tugas dan tanggung jawabnya, Dewan                      In carrying out its duties and responsibilities, the Board of
Komisaris dibantu oleh Komite Audit, Komite Nominasi dan                   Commissioners is assisted by the Audit Committee, Nomination
Remunerasi, dan Komite Pemantau Risiko sedangkan Direksi                   and Remuneration Committee, and Risk Monitoring Committee,
dibantu oleh unit Sekretaris Perusahaan, Audit Internal dan Komite         while the Board of Directors is assisted by the Corporate Secretary,
Manajemen Risiko. Masing-masing komite dan unit kerja tersebut             Internal Audit and Risk Management Committee. Each of these
telah memiliki kewenangannya dan bekerja secara independen                 committees and work units has had its authority and works
untuk memenuhi fungsi, peran dan tanggung jawabnya, sesuai                 independently to fulfill its functions, roles and responsibilities, in
dengan ketentuan Anggaran Dasar dan peraturan perundang-                   accordance with the provisions of the Articles of Association and
undangan yang berlaku.                                                     applicable laws and regulations.




                                                    Rapat Umum Pemegang Saham
                                                      General Meeting of Shareholders



                           Dewan Komisaris                                                                Direksi
                         Board of Commissioners                                                      Board of Directors



                              Komite Nominasi                             • Asset & Liability
                                                   Komite Pemantau                                  Sekretaris Perusahaan          Audit Internal
                              dan Remunerasi                                Committee (ALCO)
    Komite Audit                                         Risiko                                      Corporate Secretary           Internal Audit
                               Nomination and                             • Early Alert
   Audit Committee                                  Risk Monitoring
                                Remuneration                                Committee (EAC)
                                                      Committee
                                 Committee                                • Retail Alert
                                                                            Committee (RAC)
                                                                          • Operational Risk
                                                                            Management
                                                                            Committee (ORMC)
                                                                          • Customer Experience
                                                                            Committee (CEC)
                                                                          • Risk Management
                                                                            Committee (RMC)
                                                                          • IT Steering Committee




                                                                                                 PT JACCS MPM Finance Indonesia
                                                                                              Laporan Tahunan 2023 Annual Report                    97
Page 100
                                                                                  accelerating innovation for further growth



RAPAT UMUM PEMEGANG SAHAM
GENERAL MEETING OF SHAREHOLDERS


Rapat Umum Pemegang Saham (RUPS) merupakan bagian tertinggi       The General Meeting of Shareholders (GMS) is the highest part
Perseroan yang memiliki wewenang yang tidak diberikan kepada      of the Company with authorities that are not granted to the
Dewan Komisaris atau Direksi dalam batas yang ditentukan dalam    Board of Commissioners or the Board of Directors within the
Undang-Undang dan/atau Anggaran Dasar Perseroan. RUPS             limits specified in the Law and/or the Articles of Association of
juga menjadi wadah untuk para pemegang saham mengambil            the Company. The GMS is also a forum for shareholders to make
keputusan-keputusan penting.                                      important decisions.


Perseroan dapat menyelenggarakan 2 (dua) jenis Rapat Umum         The Company may hold 2 (two) types of General Meeting of
Pemegang Saham (RUPS), yaitu Rapat Umum Pemegang Saham            Shareholders (GMS), namely the Annual General Meeting of
Tahunan (RUPST) yang wajib diselenggarakan secara rutin setiap    Shareholders (AGMS) which must be held annually and the
tahun, dan selain itu jika sewaktu-waktu diperlukan, Perseroan    Extraordinary General Meeting of Shareholders (EGMS) if
dapat menyelenggarakan Rapat Umum Pemegang Saham Luar             necessary.
Biasa (RUPSLB).


Kewenangan yang dimiliki RUPS sebagai organ tertinggi dalam       The authorities which are possessed by the GMS as the highest
Perseroan, di antaranya:                                          organ in the Company are as follows:
1. Menyetujui dan mengesahkan Laporan Tahunan termasuk            1. Approve and ratify the Annual Report including the Financial
    Laporan Keuangan dan Laporan Tugas Pengawasan Dewan               Statements and the Supervisory Report of the Board of
    Komisaris, dan memberikan pelunasan dan pembebasan                Commissioners and grant a release and discharge of
    tanggung jawab kepada anggota Direksi dan Dewan Komisaris         responsibilities to the members of the Board of Directors
    atas tindakan pengurusan dan pengawasan yang telah                and the Board of Commissioners for their management and
    dilakukannya.                                                     supervision.
2. Menetapkan penggunaan laba bersih Perseroan.                   2. Determine the use of the net profit of the Company.
3. Mengambil keputusan menyangkut Perseroan, misalnya perubahan   3. Decide on issues concerning the Company, such as changes in
    Anggaran Dasar, penggabungan, peleburan, pengambilalihan,         the Articles of Association, merger, consolidation, acquisition,
    pemisahan, pembubaran, dan likuidasi Perseroan.                   separation, dissolution, and liquidation of the Company.
4. Mengangkat dan/atau mengubah susunan anggota Direksi           4. Appoint and/or change the composition of the Board of
    dan Dewan Komisaris serta membuat penawaran pekerjaan             Directors and Board of Commissioners as well as make job
    dan memodifikasi pekerjaan untuk level General Manager di         offers and modify jobs for the General Manager level in the
    Perseroan.                                                        Company.
5. Menetapkan remunerasi Direksi dan Dewan Komisaris,             5. Determine the remuneration of the Board of Directors and
    termasuk pembayaran pesangon untuk level General                  Board of Commissioners, including severance payments for
    Manager.                                                          the General Manager level.
6. Memberikan persetujuan terhadap transaksi yang mengandung      6. Give approval of transactions that contain conflict of
    benturan kepentingan (conflict of interest).                      interest.
7. Melakukan penunjukan Kantor Akuntan Publik (KAP) dan           7. Appoint a Public Accounting Firm (KAP) and a registered Public
    Akuntan Publik terdaftar.                                         Accountant.
8. Memutuskan tindakan-tindakan yang berdasarkan Anggaran         8. Decide on actions by the Company’s Articles of Association
    Dasar Perseroan dan peraturan perundangan yang berlaku.           and applicable laws and regulation.


Rapat Umum Pemegang Saham Tahun 2023                              General Meeting of Shareholders in 2023

Sepanjang tahun 2023, Perseroan mengadakan RUPS Tahunan           Throughout 2023, the Company held Annual GMS and
dan RUPS Luar Biasa. Berikut rincian keputusan RUPS Tahunan       Extraordinary GMS. The following are details of the resolutions of
dan RUPS Luar Biasa pada tahun 2023:                              the Annual GMS and Extraordinary GMS in 2023:




             PT JACCS MPM Finance Indonesia
98           Laporan Tahunan 2023 Annual Report
Page 101
      Ikhtisar Kinerja | Performance Highlights      Profil Perseroan | Company Profile      Tata Kelola Perusahaan | Corporate Governance
                                                      Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                      Kinerja Keberlanjutan | Sustainability Performance
                                                   Management Discussion and Analysis




RUPS Tahunan                                                               Annual GMS
Sepanjang tahun 2023 pelaksanaan RUPS Tahunan dilakukan                    Throughout 2023, the implementation of the Annual GMS was
melalui mekanisme Pembuatan Keputusan Sirkuler Pemegang                    carried out through the mechanism of circular resolution of
Saham PT JACCS Mitra Pinasthika Mustika Finance Indonesia                  shareholders of PT JACCS Mitra Pinasthika Mustika Finance
sebagai Pengganti dari Rapat Umum Pemegang Saham Tahunan                   Indonesia in lieu of the Annual General Meeting of Shareholders
tanggal 23 Juni 2023, yang kemudian menghasilkan keputusan-                dated June 23, 2023, which resulted in the following resolutions:
keputusan sebagai berikut:


        Keputusan RUPS Tahunan Tahun Buku 2022                                                                   Realisasi Keputusan
No.
        Resolutions of the 2022 Fiscal Year Annual GMS                                                           Realization of Resolutions

 1.     Menerima dan menyetujui laporan tahunan/kinerja dan laporan keuangan Perseroan untuk tahun               Terealisasi tahun 2023
        buku yang berakhir pada tanggal 31 Desember 2022. (”Laporan Tahunan”).

        To accept and approve the annual report/performance for the fiscal year ending December 31,              Realized in 2023
        2022. (“Annual Report”)

 2.     Mengesahkan laporan pengawasan Dewan Komisaris Perseroan untuk tahun buku yang berakhir                  Terealisasi tahun 2023
        pada tanggal 31 Desember 2022, sebagaimana termuat dalam Laporan Tahunan.

        To ratify the supervisory report of the Board of Commissioners of the Company for the fiscal year        Realized in 2023
        ending December 31, 2022, as contained in the Annual Report.

 3.     Menetapkan Laba Bersih Setelah Pajak (“LBSP”) Perseroan Tahun 2022 adalah sebesar                        Terealisasi tahun 2023
        Rp100.979.204.640 (seratus miliar sembilan ratus tujuh puluh sembilan juta dua ratus empat ribu
        enam ratus empat puluh Rupiah)

        To determine the Net Profit After Tax (“LBSP”) of the Company for the year 2022 to be                    Realized in 2023
        Rp100,979,204,640 (one hundred billion nine hundred seventy-nine million two hundred four
        thousand six hundred forty Rupiah)

 4.     Menetapkan penggunaan LBSP tahun buku 2022 sebagaimana disebutkan dalam angka 3 di atas:                 Terealisasi tahun 2023
        a) Senilai Rp30.300.000.000,- (tiga puluh miliar tiga ratus juta Rupiah) ditetapkan sebagai
           pembayaran dividen kepada para Pemegang Saham; dan
        b) Senilai Rp10.000.000.000,- (sepuluh miliar Rupiah) ditetapkan sebagai cadangan umum.

        To determine the use of LBSP for the financial year 2022 as mentioned in number 3 above:                 Realized in 2023
        a) Rp30,300,000,000,- (thirty billion three hundred million Rupiah) shall be designated as dividend
            payment to the Shareholders; and
        b) Rp10,000,000,000,- (ten billion Rupiah) shall be designated as general reserve.

 5.     Memberikan kewenangan kepada Direksi untuk menetapkan jadwal dan tata cara pembayaran                    Terealisasi tahun 2023
        dividen tahun buku 2022 sesuai dengan ketentuan yang berlaku.

        To authorize the Board of Directors to determine the schedule and procedures for dividend                Realized in 2023
        payments for the fiscal year 2022 in accordance with applicable regulations.

 6      Memberikan persetujuan atas laporan pelaksanaan Tanggung Jawab Sosial Perseroan untuk tahun              Terealisasi tahun 2023
        buku 2022 yang berakhir pada tanggal 31 Desember 2022.

        To approve the implementation of Corporate Social Responsibility for 2022 fiscal year ending             Realized in 2023
        December 31, 2022.

  7     Memberikan pelunasan dan pembebasan tanggung jawab sepenuhnya (acquit et de charge)                      Terealisasi tahun 2023
        kepada seluruh anggota Direksi Perseroan atas tindakan pengurusannya dan kepada seluruh
        anggota Dewan Komisaris Perseroan atas tindakan pengawasannya, yang telah mereka lakukan
        selama tahun buku 2022, sepanjang tindakan-tindakan tersebut tercermin dalam laporan keuangan
        Perseroan tahun buku 2022 dan Laporan Tahunan.

        To grant full release and discharge of responsibility to all members of the Company’s Board              Realized in 2023
        of Directors for their management actions and to all members of the Company’s Board of
        Commissioners for their supervisory actions, which they have carried out during the 2022 fiscal
        year, to the extent these actions are reflected in the Company’s financial statements and Annual
        Report for the 2022 fiscal year.




                                                                                               PT JACCS MPM Finance Indonesia
                                                                                            Laporan Tahunan 2023 Annual Report                   99
Page 102
                                                                                         accelerating innovation for further growth



       Keputusan RUPS Tahunan Tahun Buku 2022                                                                 Realisasi Keputusan
 No.
       Resolutions of the 2022 Fiscal Year Annual GMS                                                         Realization of Resolutions

 8.    Memberikan kuasa dan wewenang kepada Direksi Perseroan, baik secara bersama-sama                       Terealisasi tahun 2023
       maupun sendiri- sendiri dengan hak substitusi untuk bertindak dan atas nama Perseroan untuk
       menandatangani dan melaksanakan dokumen-dokumen (termasuk perubahan, modifikasi,
       variasi, dan tambahan apa pun dari itu) dan menyatakan Keputusan Sirkuler Pemegang Saham
       dalam akta notaris dan selanjutnya untuk melakukan segala hal yang tepat, dipersyaratkan atau
       diperlukan untuk menjalankan tujuan dan maksud dari Keputusan Sirkuler Pemegang Saham dan
       pelaksanaannya, termasuk dimintakan persetujuan dan/atau diberitahukan dan/ atau didaftarkan di
       Kementerian Hukum dan Hak Asasi Manusia Kantor Pendaftaran Perusahaan dan/atau pihak-pihak
       yang berwenang dan terkait berdasarkan ketentuan dalam UU PT dan sesuai dengan perundang-
       undangan dan peraturan negara Republik Indonesia yang berlaku.

       To grant power and authority to the Board of Directors of the Company, both jointly and individually   Realized in 2023
       with the right of substitution to act and on behalf of the Company to sign and execute documents
       (including any changes, modifications, variations and additions thereto) and to declare Circular
       Resolution of Shareholders in a notarial deed and subsequently to perform all actions that are
       appropriate, required or necessary to carry out the objectives and purposes of the Circular
       Resolution of Shareholders and their implementation, including seeking approval and/or being
       notified and/ or registered at the Ministry of Law and Human Rights Company Registration Office
       and/or authorized and related parties based on the provisions in the Limited Liability Company Law
       and in accordance with the applicable laws and regulations of the Republic of Indonesia.

 9.    Meratifikasi dan menyetujui setiap dan seluruh tindakan yang diambil oleh anggota Direksi              Terealisasi tahun 2023
       Perseroan sebelum dan sesudah tanggal Keputusan Sirkuler Pemegang Saham untuk mencapai
       tujuan dari Keputusan Sirkuler Pemegang Saham, dan seluruh tindakan atau transaksi sehubungan
       dengan hal tersebut (termasuk segala tindakan yang diambil serta penandatanganan dokumen-
       dokumen sebelum tanggal Keputusan Sirkuler Pemegang Saham).

       To ratify and approve any and all actions taken by members of the Board of Directors of the            Realized in 2023
       Company before and after the date of the Circular Resolution of Shareholders to achieve the
       objectives of the Shareholders Circular Resolution, and all actions or transactions in connection
       therewith (including all actions taken and signing of documents before the date of the Circular
       Resolution of Shareholders).

RUPS Luar Biasa                                                          Extraordinary GMS
Perseroan juga menyelenggarakan RUPSLB dengan menghasilkan               The Company also held an EGMS which resulted in the following
keputusan berikut:                                                       resolutions:


                     Keputusan RUPSLB                                                         EGMS Resolutions
RUPSLB 1                                                                  EGMS 1

Mengangkat Tuan Kazuhiro Inoue sebagai Direktur Perseroan.               To appoint Mr. Kazuhiro Inoue as Director of the Company.

Realisasi:                                                               Realization:
Terealisasi pada Januari 2023.                                           Realized in January 2023.

RUPSLB 2                                                                  EGMS 2
Menyetujui pengangkatan kembali Tuan Josaphat Budisatyawira              To approve the reappointment of Mr. Josaphat Budisatyawira in his
dalam jabatannya selaku Komisaris Independen Perseroan.                  position as Independent Commissioner of the Company.

Realisasi:                                                               Realization:
Terealisasi pada Februari 2023.                                          Realized in February 2023.

RUPSLB 3                                                                  EGMS 3
a. Menyetujui pembayaran tunjangan pensiun terhadap Tuan                 a. To approve the payment of retirement allowance to Mr.
   Tjahjono Budi Santoso selaku Finance & Accounting Division               Tjahjono Budi Santoso as Finance & Accounting Division Head
   Head yang akan pensiun pada bulan Februari 2023;                         who will retire in February 2023;
b. Membuat penawaran pekerjaan kepada Bapak Timothy                      b. To make a job offer to Mr. Timothy Anugerah as Finance &
   Anugerah sebagai Finance & Accounting Division Head                      Accounting Division Head (General Manager Level).
   (General Manager Level).

Realisasi:                                                               Realization:
Terealisasi pada Februari 2023.                                          Realized in February 2023.




               PT JACCS MPM Finance Indonesia
100            Laporan Tahunan 2023 Annual Report
Page 103
   Ikhtisar Kinerja | Performance Highlights     Profil Perseroan | Company Profile      Tata Kelola Perusahaan | Corporate Governance
                                                  Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                  Kinerja Keberlanjutan | Sustainability Performance
                                               Management Discussion and Analysis




                      Keputusan RUPSLB                                                      EGMS Resolutions
RUPSLB 4                                                                EGMS 4
a. Menyetujui pengangkatan kembali Tuan Hajimu Yukimoto                a. To approve the reappointment of Mr. Hajimu Yukimoto in his
   dalam jabatannya selaku Direktur Keuangan Perseroan;                   position as Finance Director of the Company;
b. Menyetujui pengangkatan kembali Tuan Venky Charles Sutiono          b. To approve the reappointment of Mr. Venky Charles Sutiono as
   selaku Direktur Perseroan;                                             Director of the Company;
c. Mengangkat Nyonya Gestik Dwi Puji Marhaeningsih selaku              c. To appoint Mrs. Gestik Dwi Puji Marhaeningsih as Director of
   Direktur Perseroan; dan                                                the Company; and
d. Menyetujui pengunduran diri Tuan Takahiro Nagoshi selaku            d. To approve the resignation of Mr. Takahiro Nagoshi as
   Komisaris Perseroan dan memberikan pembebasan dan                      Commissioner of the Company and granted a release and
   pelepasan (acquit et de charge) kepada Tuan Takahiro Nagoshi           discharge (acquit et de charge) to Mr. Takahiro Nagoshi for his
   atas peran sertanya pada Perseroan selama masa jabatannya              participation in the Company during his term of office as long
   sepanjang tindakannya tercermin dalam buku Perseroan                   as his actions are reflected in the Company’s books and his
   dan tindakan-tindakannya tidak bertentangan dengan atau                actions do not conflict with or violate the applicable laws and
   melanggar ketentuan perundang-undangan yang berlaku.                   regulations.
Realisasi:                                                             Realization:
Terealisasi pada Mei 2023.                                             Realized in May 2023
RUPSLB 5                                                                EGMS 5
Menyetujui terkait dengan penawaran pekerjaan kepada Ibu               To approve a job offer to Ms. Melinda Liananda as Sales Marketing
Melinda Liananda sebagai Sales Marketing Division Head (General        Division Head (General Manager Level) previously serving as Sales
Manager Level) sebelumnya menjabat selaku Sales & Marketing            & Marketing Deputy Division Head of the Company.
Deputy Division Head pada Perseroan.
Realisasi:                                                             Realization:
Terealisasi pada Juni 2023.                                            Realized in June 2023.
RUPSLB 6                                                                EGMS 6
a. Menyetujui pengunduran diri Tuan Kojun Sato dalam jabatannya        a. To approve the resignation of Mr. Kojun Sato in his position as
   selaku Direktur Utama Perseroan;                                       President Director of the Company;
b. Memberikan pembebasan dan pelepasan (acquit et de charge)           b. To grant a release and discharge (acquit et de charge) to Mr.
   kepada Tuan Kojun Sato atas peran sertanya pada Perseroan              Kojun Sato for his participation in the Company during his term
   selama masa jabatannya sepanjang tindakannya tercermin                 of office as long as his actions are reflected in the Company’s
   dalam buku Perseroan dan tindakan-tindakannya tidak                    books and his actions do not conflict with or violate the
   bertentangan dengan atau melanggar ketentuan perundang-                prevailing laws and regulations.
   undangan yang berlaku.
Realisasi:                                                             Realization:
Terealisasi pada bulan September 2023.                                 Realized in September 2023.
RUPSLB 7                                                                EGMS 7
Menetapkan penggunaan jasa AP dan/atau KAP Siddharta Widjaja           To determine the use of AP and/or KAP Siddharta Widjaja & Rekan
& Rekan (KPMG) sehubungan dengan jasa audit atas informasi             (KPMG) in relation to audit services for the Company’s annual
keuangan historis tahunan Perseroan untuk tahun buku 2023.             historical financial information for the financial year 2023.
Realisasi:                                                             Realization:
Terealisasi pada bulan September 2023.                                 Realized in September 2023.
RUPSLB 8                                                                EGMS 8
Menyetujui pengangkatan kembali Tuan Toshiya Kaname selaku             To approve the reappointment of Mr. Toshiya Kaname as President
Komisaris Utama Perseroan dan Tuan Supriyanto selaku Direktur          Commissioner of the Company and Mr. Supriyanto as Director of
Perseroan.                                                             the Company.
Realisasi:                                                             Realization:
Terealisasi pada bulan Oktober 2023.                                   Realized in October 2023.
RUPSLB 9                                                                EGMS 9
Memberikan persetujuan atas Rencana Kerja dan Anggaran 2024            To approve the 2024 Work Plan and Budget as prepared and
sebagaimana telah disusun dan disetujui oleh Direksi Perseroan         approved by the Board of Directors, reviewed and approved by
yang ditelaah dan disetujui oleh Dewan Komisaris.                      the Board of Commissioners.
Realisasi:                                                             Realization:
Terealisasi pada bulan Desember 2023.                                  Realized in December 2023.




                                                                                           PT JACCS MPM Finance Indonesia
                                                                                        Laporan Tahunan 2023 Annual Report                   101
Page 104
                                                                                  accelerating innovation for further growth



DEWAN KOMISARIS
BOARD OF COMMISSIONERS


Dewan Komisaris adalah organ utama Perseroan yang menjalankan      The Board of Commissioners is the main organ of the Company
fungsi pengawasan terhadap Direksi terkait kebijakan pengurusan    that oversees the Board of Directors on its management policies,
dan pengelolaan Perseroan serta bertugas memberikan nasihat        and has a task of providing advices in order for the Board of
kepada Direksi demi tercapainya kepentingan Perseroan, sesuai      Directors to achieve the interests of the Company in accordance
dengan maksud dan tujuan Perseroan. Di samping itu, Dewan          with its purposes and objectives. The Board of Commissioners
Komisaris juga mengarahkan, memantau, dan mengevaluasi             also directs, monitors, and evaluates the implementation of the
pelaksanaan kebijakan strategis Perseroan dengan memberikan        Company’s strategic policies by providing input to the Board of
masukan kepada Direksi.                                            Directors.


Dalam menjalankan tugas dan tanggung jawabnya, Dewan               In carrying the duties and responsibilities, the Board of
Komisaris dibantu oleh Komite Audit, Komite Nominasi dan           Commissioners is supported by the Audit Committee, Nomination
Remunerasi serta Komite Pemantau Risiko.                           and Remuneration Committee and Risk Monitoring Committee.


Prosedur Pengangkatan              dan      Pemberhentian          Procedure for Appointment and Dismissal of the
Dewan Komisaris                                                    Board of Commissioners

Pengangkatan anggota Dewan Komisaris Perseroan dilakukan           The appointment of members of the Board of Commissioners
oleh RUPS dengan mempertimbangkan rekomendasi dari                 of the Company is carried out by the GMS considering the
Komite Nominasi dan Remunerasi. Dewan Komisaris Perseroan          recommendations of the Nomination and Remuneration
diangkat untuk masa jabatan 3 (tiga) tahun yang terhitung          Committee. The Board of Commissioners is appointed for a term
sejak tanggal pengangkatan masing-masing anggota Dewan             of three (3) years from the date of appointment of each member
Komisaris. Komisaris Independen yang telah menjabat 2              of the Board of Commissioners. An Independent Commissioner
(dua) periode berturut-turut dapat diangkat kembali pada           who has been appointed for 2 (two) consecutive periods can be
periode selanjutnya sebagai Komisaris Independen dalam             reappointed in the next period as an Independent Commissioner
hal menyatakan dalam RUPS mengenai independensi yang               in terms of stating at the GMS regarding the independence
bersangkutan. Pada pelaksanaannya, Dewan Komisaris sewaktu-        concerned. In the implementation, members of the Board of
waktu dapat diberhentikan oleh RUPS mengacu pada Anggaran          Commissioners at any time can be dismissed by the GMS referring
Dasar Perseroan, dan peraturan perundang-undangan yang             to the Company’s Articles of Association, and applicable laws and
berlaku. Sesuai Anggaran Dasar Perseroan, Dewan Komisaris          regulations. Referring to the Company’s Articles of Association,
berhak untuk mengajukan pengunduran diri dari jabatannya dan       members of the Board of Commissioners are entitled to submit
Perseroan wajib menyelenggarakan RUPS untuk memutuskan             a request for resignation from their position, and the Company is
permohonan pengunduran diri tersebut.                              required to hold a GMS to decide on the resignation request.


Komposisi dan Masa Jabatan                                         Composition and Term of Office

Per 31 Desember 2023, komposisi Dewan Komisaris Perseroan          As of December 31, 2023, the composition of the Company’s
adalah sebagai berikut:                                            Board of Commissioners is as follows:


Nama            Jabatan            Dasar Hukum Pengangkatan                           Tanggal Lulus dan Nomor      Masa Jabatan
Name            Position           Legal Basis of Appointment                         Fit & Proper Test            Term of Office
                                                                                      Passing Date and Fit &
                                                                                      Proper Test No.
Toshiya         Komisaris Utama    Surat Keputusan Sirkuler Pemegang Saham            24 Oktober 2017              2023-2026
Kaname          President          sebagai pengganti dari Rapat Umum Pemegang         (KEP-612/NB.111/2017)
                Commissioner       Saham Luar Biasa tanggal 10 Oktober 2023.          October 24, 2017
                                   Circular Resolutions of Shareholders in lieu of    (KEP-612/NB.111/2017
                                   Extraordinary General Meeting of Shareholders on
                                   October 10, 2023.




             PT JACCS MPM Finance Indonesia
102          Laporan Tahunan 2023 Annual Report
Page 105
    Ikhtisar Kinerja | Performance Highlights           Profil Perseroan | Company Profile        Tata Kelola Perusahaan | Corporate Governance
                                                         Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                           Kinerja Keberlanjutan | Sustainability Performance
                                                      Management Discussion and Analysis




Nama               Jabatan                 Dasar Hukum Pengangkatan                               Tanggal Lulus dan Nomor           Masa Jabatan
Name               Position                Legal Basis of Appointment                             Fit & Proper Test                 Term of Office
                                                                                                  Passing Date and Fit &
                                                                                                  Proper Test No.
Benny Redjo        Komisaris               Surat Keputusan Sirkuler Pemegang Saham                16 Desember 2021                   2022-2025
Setyono            Commissioner            sebagai pengganti dari Rapat Umum Pemegang             (KEP-835/NB.11/2021)
                                           Saham Luar Biasa tanggal 15 Februari 2022.             December 16, 2021
                                           Circular Resolutions of Shareholders in lieu of        (KEP-835/NB.11/2021)
                                           Extraordinary General Meeting of Shareholders on
                                           February 15, 2022.
Josaphat      Komisaris                    Surat Keputusan Sirkuler Pemegang Saham                10 Februari 2017                   2023-2026
Budisatyawira Independen                   sebagai pengganti dari Rapat Umum Pemegang             (KEP-50/NB.11/2017)
              Independent                  Saham Luar Biasa tanggal 27 Januari 2023.              February 10, 2017
              Commissioner                 Circular Resolutions of Shareholders in lieu of        (KEP-50/NB.11/2017)
                                           Extraordinary General Meeting of Shareholders
                                           dated Januari 27, 2023.


Perseroan memastikan seluruh anggota Dewan Komisaris tersebut                 The Company ensures that all members of the Board of
di atas telah memenuhi persyaratan dan/atau kriteria yang tertuang            Commissioners mentioned above have fulfilled the requirements
dalam Anggaran Dasar Perseroan, Piagam Dewan Komisaris                        and/or criteria set in the Company’s Articles of Association, the
maupun ketentuan lainnya yang berlaku.                                        Board of Commissioners Charter and other applicable provisions.


Keberagaman Komposisi Dewan Komisaris                                         Diversity in the Board of Commissioners Composition

Masing-masing anggota Dewan Komisaris memiliki kompetensi                     Each member of the Board of Commissioners has highly competent
tinggi yang mendukung pelaksanaan tugas dan tanggung                          in performing his/her duties and responsibilities. The Company’s
jawabnya. Komposisi Dewan Komisaris Perseroan telah                           Board of Commissioners has a diverse membership composition,
mencerminkan keberagaman anggotanya, baik dalam hal latar                     in terms of educational background, expertise, experience,
belakang pendidikan, keahlian, pengalaman, dan usia yang                      and age which can be seen from the profile of each member of
dapat dilihat dari profil masing-masing anggota Dewan Komisaris.              the Board of Commissioners. Information on the educational
Informasi mengenai latar belakang pendidikan dan riwayat karir                background, professional background, and expertise of the Board
serta keahlian yang dimiliki oleh Dewan Komisaris telah diuraikan             of Commissioners has been comprehensively described in the
lebih detail dalam Bab Profil Perseroan Subbab Profil Dewan                   Company Profile Chapter, the Board of Commissioners Profile
Komisaris pada Laporan Tahunan ini.                                           Subchapter of this Annual Report.


Piagam Dewan Komisaris                                                        Board of Commissioners Charter

Dewan Komisaris melaksanakan tugas dan tanggung jawabnya                      The Board of Commissioners performs its duties and responsibilities
dengan berpedoman pada aturan yang telah dirumuskan dalam                     by referring to the provisions in the Board of Commissioners
Piagam Dewan Komisaris. Piagam Dewan Komisaris berisi tentang:                Charter. The Board of Commissioners Charter contains:
1. Landasan Hukum Piagam;                                                     1. Legal Basis of the Charter;
2. Pengangkatan dan Pemberhentian Dewan Komisaris;                            2. Appointment and Dismissal of the Board of Commissioners;
3. Struktur dan Komposisi Dewan Komisaris;                                    3. Structure and Composition of the Board of Commissioners;
4. Persyaratan Hukum dan Nominasi anggota Dewan                               4. Legal Requirements and Nominations for members of the
    Komisaris;                                                                    Board of Commissioners;
5. Masa Jabatan;                                                              5. Term of Office;
6. Rangkap Jabatan;                                                           6. Concurrent Position;
7. Etika Kerja;                                                               7. Work Ethics;
8. Tugas, Tanggung Jawab dan Kewenangan Dewan Komisaris;                      8. Duties, Responsibilities and Authorities of the Board of Commissioners;
9. Komite Penunjang Dewan Komisaris;                                          9. Supporting Committees for the Board of Commissioners;
10. Rapat Dewan Komisaris;                                                    10. Meetings of the Board of Commissioners;
11. Hubungan Dewan Komisaris dengan Direksi;                                  11. Relationship between the Board of Commissioners and the
                                                                                  Board of Directors;
12. Evaluasi Kinerja Dewan Komisaris;                                         12. Performance Assessment of the Board of Commissioners;
13. Remunerasi;                                                               13. Remuneration;
14. Sertifikasi dan Syarat Keberlanjutan;                                     14. Certification and Sustainability Requirements;
15. Pelaporan dan Pertanggungjawaban; dan                                     15. Reporting and Accountability; and
16. Pengkajian dan Pembaruan Piagam.                                          16. Review and Update of the Charter.



                                                                                                    PT JACCS MPM Finance Indonesia
                                                                                                 Laporan Tahunan 2023 Annual Report               103
Page 106
                                                                                     accelerating innovation for further growth



Tugas dan Tanggung Jawab Dewan Komisaris                            Duties and Responsibilities of the Board of
                                                                    Commissioners

Seperti yang telah dinyatakan di dalam Anggaran Dasar dan Piagam    As stated in the Company’s Articles of Association and Board
Dewan Komisaris Perseroan, Dewan Komisaris mengemban tugas          of Commissioners Charter, the Board of Commissioners has the
dan tanggung jawab sebagai berikut:                                 following duties and responsibilities:
1. Mengawasi kebijakan Direksi dalam menjalankan Perseroan          1. Supervise the Board of Directors policies in running the
   serta memberikan nasihat kepada Direksi guna kepentingan              Company and provide advice to the Board of Directors for
   Perseroan yang sesuai dengan maksud dan tujuan Perseroan.             the interests of the Company in accordance with the aims and
                                                                         objectives of the Company.
2. Mengawasi Direksi dalam menjaga keseimbangan kepentingan         2. Supervise the Board of Directors in balancing the interests of
    semua pihak.                                                         all parties.
3. Mengawasi dan memantau efektivitas penerapan GCG dalam           3. Supervise and monitor the effectiveness of the implementation
    setiap kegiatan usaha pada seluruh tingkatan atau jenjang            of GCG in all business activities at all levels of the organization
    organisasi Perseroan.                                                of the Company.
4. Memeriksa dan mengulas rencana kerja dan anggaran tahunan        4. Check and review the annual work plan and budget of the
    Perseroan yang telah dibuat oleh Direksi.                            Company that has been prepared by the Board of Directors.
5. Mengawasi pelaksanaan tanggung jawab Direksi terhadap            5. Supervise the implementation of the Board of Directors
    penerapan program Anti Pencucian Uang, Pencegahan                    responsibilities in conducting Anti-Money Laundering, Counter-
    Pendanaan Terorisme, dan Pencegahan Pendanaan Proliferasi            Terrorist Financing, and Counter-Proliferation Financing of
    Senjata Pemusnah Massal (APU-PPT dan PPPSPM).                        Weapons of Mass Destruction (AML-CFT and CPF).
6. Memastikan adanya pembahasan terkait APU-PPT dan                 6. Ensure the discussions on AML-CFT and CPF in the Board of
    PPPSPM dalam rapat Direksi dan rapat Dewan Komisaris.                Directors meetings and the Board of Commissioners meetings.
7. Memastikan Direksi telah menindaklanjuti temuan audit dan        7. Ensure that the Board of Directors has followed up on audit
    rekomendasi dari Internal Audit Perseroan, auditor eksternal,        findings and recommendations from the Internal Audit, external
    hasil pengawasan OJK dan/atau hasil pengawasan otoritas              auditors, OJK supervision results, and/or other authority’s
    lainnya.                                                             supervision results.
8. Dalam pelaksanaan tugas dan tanggung jawabnya, Dewan             8. In carrying out its duties and responsibilities, the Board of
    Komisaris wajib membentuk Komite-komite. Setiap Komite akan          Commissioners must establish Committees. Each Committee
    dipandu oleh pedoman yang ditetapkan dan/atau disetujui oleh         will be guided by the charter established and/or approved by
    Dewan Komisaris. Komite-komite tersebut adalah:                      the Board of Commissioners. The Committees are:
    • Komite Audit                                                       • Audit Committee
    • Komite Nominasi dan Remunerasi                                     • Nomination and Remuneration Committee
    • Komite Pemantau Risiko                                             • Risk Monitoring Committee
9. Memastikan Komite-komite yang dibentuk menjalankan               9. Ensure that the established Committees carry out their duties
    tugasnya secara efektif.                                             effectively.
10. Berkoordinasi dengan Direksi dalam menumbuhkan,                 10. Coordinate with the Board of Directors in developing, ensuring,
    memastikan dan mengawasi kepatuhan Perseroan terhadap                and supervising the Company’s compliance with internal and
    peraturan internal maupun eksternal.                                 external regulations.
11. Wajib melaporkan informasi mengenai kepemilikan dan setiap      11. Report information on ownership and any change of ownership
    perubahan kepemilikan atas saham Perseroan sesuai dengan             of shares of the Company in accordance with the provisions of
    ketentuan Peraturan OJK yang berlaku.                                the applicable OJK Regulation.
12. Menyelenggarakan rapat Dewan Komisaris yang mencakup            12. Organize the Board of Commissioners meetings to record the
    frekuensi, kehadiran, dan tata cara pengambilan keputusan            frequency, attendance, and procedures for decision-making
    sebagaimana diatur dalam Piagam Dewan Komisaris yang                 as stipulated in the Board of Commissioners Charter of the
    berlaku di Perseroan.                                                Company.
13. Komisaris Independen wajib melaporkan kepada OJK paling         13. Independent Commissioners must report to OJK no later than
    lambat 10 (sepuluh) hari kalender sejak ditemukan:                   10 (ten) calendar days since the following matters were found:
    • Pelanggaran peraturan perundang-undangan di bidang                 • Violations of laws and regulations in the finance sector; and/
       pembiayaan; dan/atau                                                 or
    • Keadaan atau perkiraan keadaan yang dapat membahayakan             • Conditions or the prospect of conditions that could endanger
       kelangsungan usaha Perseroan.                                        the Company’s business continuity.
14. Melakukan tugas dan tanggung jawab Dewan Komisaris              14. Carry out other duties and responsibilities of the Board of
    lainnya yang ditetapkan oleh Anggaran Dasar, peraturan               Commissioners determined by the Articles of Association,
    internal Perseroan dan ketentuan peraturan perundang-                the Company’s internal regulations, and the provisions of the
    undangan yang berlaku bagi Dewan Komisaris.                          applicable laws and regulations for the Board of Commissioners.



              PT JACCS MPM Finance Indonesia
104           Laporan Tahunan 2023 Annual Report
Page 107
    Ikhtisar Kinerja | Performance Highlights       Profil Perseroan | Company Profile        Tata Kelola Perusahaan | Corporate Governance
                                                     Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                       Kinerja Keberlanjutan | Sustainability Performance
                                                  Management Discussion and Analysis




Komisaris Independen                                                      Independent Commissioner

Per 31 Desember 2023, Perseroan memiliki 1 (satu) orang Komisaris         As December 31, 2023, the Company has 1 (one) Independent
Independen atau setara dengan 33% (tiga puluh persen) dari                Commissioner or equal to 33% (thirty percent) of 3 (three) members
jumlah seluruh anggota Dewan Komisaris sebanyak 3 (tiga) orang.           of the Board of Commissioners in total. Thus, the percentage has
Dengan demikian, persentase jumlah Komisaris Independen                   already exceeded the minimum number required by the OJK,
tersebut telah melampaui jumlah minimum yang disyaratkan OJK              which is at least 30% (thirty percent) of the total members of the
yaitu paling kurang 30% (tiga puluh persen) dari jumlah seluruh           Board of Commissioners.
anggota Dewan Komisaris.


Pernyataan Independensi Komisaris Independen                              Statement of Independence of Independent Commissioner
Bapak Josaphat Budisatyawira selaku Komisaris Independen                  Mr. Josaphat Budisatyawira as the Company’s Independent
Perseroan telah memenuhi kriteria independensi sesuai dengan              Commissioner has met the independence criteria as required by
persyaratan OJK, yaitu:                                                   OJK as follows:
1. Bukan merupakan orang yang bekerja atau mempunyai                      1. Not a person who has been working or having authority and
    wewenang dan tanggung jawab untuk merencanakan,                           responsibility for planning, directing, controlling, or supervising
    memimpin, mengendalikan, atau mengawasi kegiatan                          the activities of the Company within six months, except for
    Perseroan dalam waktu enam bulan terakhir, kecuali untuk                  reappointment as an Independent Commissioner of the
    pengangkatan kembali sebagai Komisaris Independen                         Company in subsequent periods.
    Perseroan pada periode berikutnya.
2. Tidak mempunyai saham baik langsung maupun tidak                       2. Not owning directly or indirectly shares of the Company.
    langsung pada Perseroan.
3. Tidak mempunyai hubungan afiliasi dengan Perseroan,                    3. Not affiliated with the Company, members of the Board of
    anggota Dewan Komisaris, anggota Direksi, atau pemegang                  Commissioners, members of the Board of Directors, or majority
    saham utama Perseroan.                                                   shareholders of the Company.
4. Tidak mempunyai hubungan usaha baik langsung maupun tidak              4. Not having direct or indirect business relationship with the
    langsung yang berkaitan dengan kegiatan usaha Perseroan                  Company’s business activities which may affect his ability to
    yang dapat mempengaruhi kemampuannya untuk bertindak                     act independently in carrying out the oversight function of
    independen dalam melaksanakan fungsi pengawasan                          the Company’s operations, including in terms of the decision-
    operasional Perseroan, termasuk dalam hal proses pengambilan             making process, as stipulated in the GCG implementation
    keputusan, sebagaimana diatur dalam ketentuan pelaksanaan                provisions for finance companies and OJK Regulations.
    GCG bagi perusahaan pembiayaan dan Peraturan OJK.


Program Orientasi bagi Anggota Dewan Komisaris                            Orientation Program for New Members of the Board
Baru                                                                      of Commissioners

Perseroan belum memiliki kebijakan yang khusus mengenai program           The Company has no specific policy on the orientation program
orientasi bagi anggota Dewan Komisaris baru. Namun dalam                  for new members of the Board of Commissioners. However, in
praktiknya, Perseroan melalui Sekretaris Perusahaan memberikan            practice, the Company assigns the Corporate Secretary to provide
informasi tentang kegiatan usaha, profil Perseroan, penjelasan            information on business activities, Company profile, and description
tentang tugas dan tanggung jawab Dewan Komisaris, serta menjadi           of the duties and responsibilities of the Board of Commissioners
fasilitator untuk memperkenalkannya pada seluruh karyawan.                and to introduce new members to all employees.


Rapat Dewan Komisaris                                                     Board of Commissioners Meeting

Dasar Kebijakan                                                           Policy Basis
Sebagaimana tercantum pada Piagam Dewan Komisaris,                        As stipulated in the Board of Commissioners Charter, provisions
ketentuan mengenai rapat Dewan Komisaris meliputi hal-hal                 regarding Board of Commissioners meetings include the following
sebagai berikut:                                                          items:
1. Dewan Komisaris wajib mengadakan Rapat Dewan Komisaris                 1. The Board of Commissioners must hold at least 1 (one) Board
    secara berkala paling sedikit 1 (satu) kali dalam 2 (dua) bulan.          of Commissioners Meeting every 2 (two) months.
2. Rapat Dewan Komisaris dapat dilangsungkan apabila dihadiri             2. The Board of Commissioners Meeting may be held if attended
    mayoritas dari seluruh anggota Dewan Komisaris.                           by a majority of all members of the Board of Commissioners.
3. Dewan Komisaris wajib menghadiri Rapat Dewan Komisaris                 3. The Board of Commissioners must attend the Board of
    paling sedikit 75% (tujuh puluh lima persen) dari jumlah Rapat            Commissioners Meeting at least 75% (seventy-five percent) of the
    Dewan Komisaris dalam periode 1 (satu) tahun.                             total number of the Board of Commissioners Meeting in 1 (one) year.



                                                                                               PT JACCS MPM Finance Indonesia
                                                                                            Laporan Tahunan 2023 Annual Report                105
Page 108
                                                                                     accelerating innovation for further growth



4. Dewan Komisaris bisa mengambil keputusan yang sah tanpa            4. The Board of Commissioners can make a legitimate decision
   mengadakan Rapat Dewan Komisaris, dengan syarat semua                 without holding the Board of Commissioners Meeting, provided
   anggota Dewan Komisaris telah diberitahukan secara tertulis,          that all members of the Board of Commissioners have been
   dan memberikan persetujuan mengenai usul yang diajukan                notified in writing and give approval of the proposal submitted
   serta menandatangani persetujuan tersebut. Persetujuan yang           and sign the approval. Such approval can also be made in the
   demikian itu dapat pula dibuat dalam bentuk counterpart.              form of a counterpart. The decisions made in this way have
   Keputusan yang diambil dengan cara demikian memiliki                  the same power as a legitimate decision taken by the Board of
   kekuatan sama dengan keputusan yang diambil sah dalam                 Commissioners Meeting.
   Rapat Dewan Komisaris.
5. Pengambilan keputusan Rapat Dewan Komisaris berdasarkan            5. Decision-making in the Board of Commissioners Meeting is
   musyawarah mufakat.                                                   based on a unanimous agreement.
6. Jika keputusan musyawarah mufakat tidak tercapai dalam             6. If a unanimous agreement is not reached in the meeting,
   rapat, pengambilan keputusan berdasarkan suara terbanyak.             decisions are made based on the majority vote.
7. Hasil Rapat Dewan Komisaris wajib dituangkan dalam risalah         7. Results of the Board of Commissioners Meeting must be
   rapat yang ditandatangani oleh seluruh anggota Dewan                  stated in the minutes of the meeting signed by all members
   Komisaris yang hadir dan didokumentasikan secara baik.                of the Board of Commissioners who is present and properly
                                                                         documented.
8. Perbedaan pendapat yang terjadi dalam Rapat Dewan                  8. Dissenting opinions at the Board of Commissioners Meeting
   Komisaris, wajib dicantumkan secara jelas dalam risalah rapat         must be clearly stated in the minutes of the meeting along with
   beserta alasan perbedaan pendapat tersebut.                           the reasons for the dissenting opinions.

Frekuensi Rapat dan Tingkat Kehadiran di 2023                         Meeting Frequency and Attendance Rate in 2023
Di tahun 2023, Dewan Komisaris melaksanakan 7 (tujuh) kali rapat      In 2023, the Board of Commissioners held a total of 7 (seven)
dengan frekuensi kehadiran sebagai berikut:                           meetings with the frequency of attendance as follows:


Nama                         Jabatan                                    Jumlah Rapat                 Kehadiran      Tingkat Kehadiran
Name                         Position                               Number of Meetings              Attendance        Attendance Rate
Toshiya Kaname               Komisaris Utama                                         7                       7                  100%
                             President Commissioner
Benny Redjo Setyono          Komisaris                                                 7                      7                   100%
                             Commissioner
Josaphat Budisatyawira       Komisaris Independen                                      7                      7                   100%
                             Independent Commissioner

Agenda Rapat Tahun 2023                                               Meeting Agenda in 2023
Sepanjang tahun 2023, Dewan Komisaris membahas beberapa               Throughout 2023, the Board of Commissioners discussed a
agenda dalam rapat yang dilaksanakan, yaitu:                          number of meeting agendas as follows:


 Tanggal                               Agenda Rapat
 Date                                  Meeting Agenda
 25 Januari/January 2023               Pembahasan kinerja komite-komite di bawah Dewan Komisaris
                                       Review of performance of committee under the Board of Commissioners
 24 Maret/March 2023                   Pembahasan kinerja komite-komite di bawah Dewan Komisaris
                                       Review of performance of committee under the Board of Commissioners
 19 April 2023                         Pembahasan kinerja Komite Nominasi dan Remunerasi
                                       Review of performance of Nomination and Remuneration Committee
 24 Mei/May 2023                       Pembahasan kinerja komite-komite di bawah Dewan Komisaris
                                       Review of performance of committee under the Board of Commissioners
 20 Juli/July 2023                     Pembahasan kinerja komite-komite di bawah Dewan Komisaris
                                       Review of performance of committee under the Board of Commissioners
 20 September 2023                     Pembahasan kinerja komite-komite di bawah Dewan Komisaris
                                       Review of performance of committee under the Board of Commissioners
 22 November 2023                      Pembahasan kinerja komite-komite di bawah Dewan Komisaris
                                       Review of performance of committee under the Board of Commissioners


Tingkat Kehadiran dalam RUPS                                          Attendance Rate at GMS
Perseroan tidak mengadakan RUPS secara fisik/ offline, melainkan      The Company does not hold GMS physically/offline, but by circular
secara keputusan sirkuler.                                            resolution.



                 PT JACCS MPM Finance Indonesia
106              Laporan Tahunan 2023 Annual Report
Page 109
   Ikhtisar Kinerja | Performance Highlights          Profil Perseroan | Company Profile       Tata Kelola Perusahaan | Corporate Governance
                                                       Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                        Kinerja Keberlanjutan | Sustainability Performance
                                                    Management Discussion and Analysis




Pengembangan Kompetensi Penerapan Keuangan                                  Competency Development for Sustainable Finance
Berkelanjutan [E.2]                                                         Implementation [E.2]

Secara periodik, Perseroan menerapkan pengembangan                          Periodically, the Company implements competency development
kompetensi bagi Dewan Komisaris, Direksi, Sekretaris Perusahaan,            for the Board of Commissioners, Board of Directors, Corporate
hingga karyawan pada berbagai level organisasi. Hal tersebut                Secretary, and employees at various organizational levels. This
dilaksanakan atas dasar kesadaran Perseroan atas peran penting              is carried out on the basis of the Company’s awareness of the
Sumber Daya Manusia dalam keseluruhan upaya pengembangan                    important role of Human Resources in the overall effort of business
dan pengelolaan usaha, mencakup pemenuhan penerapan                         development and management, including the fulfillment of the
keuangan berkelanjutan.                                                     implementation of sustainable finance.


Informasi kegiatan pengembangan kompetensi yang dikuti oleh                 Information on competency development activities attended
Dewan Komisaris, Direksi, Sekretaris Perusahaan, serta karyawan             by the Board of Commissioners, Board of Directors, Corporate
Perseroan untuk tahun 2023 bisa dilihat di pembahasan masing-               Secretary, and employees of the Company for 2023 can be seen
masing pada Laporan Tahunan ini.                                            in the respective discussions in this Annual Report.


Program Pelatihan dan Pengembangan Kompetensi                               Board of Commissioners Competency Training and
Dewan Komisaris                                                             Development Program

Dasar Kebijakan                                                             Policy Basis
Program pelatihan dan pengembangan kompetensi profesional                   Continuous professional competency development and training
yang berkelanjutan untuk Dewan Komisaris dilaksanakan sesuai                programs for the Board of Commissioners are carried out according
kebutuhan Perseroan dapat berupa pelatihan, seminar, workshop               to the needs of the Company in the form of training, seminars,
maupun short course. Dewan Komisaris diharapkan dapat berbagi               workshops, or short courses. The Board of Commissioners is
informasi dan pengetahuan (sharing knowledge) dari program                  expected to be able to share information and knowledge from
pendidikan dan pelatihan yang telah diikutinya kepada anggota               the education and training programs they participated in with
Dewan Komisaris lainnya dan Direksi Perseroan.                              other members of the Board of Commissioners and the Board of
                                                                            Directors of the Company.


Pelaksanaan Program pada Tahun 2023                                         Program Implementation in 2023
Program pelatihan dan pengembangan kompetensi Dewan                         The Board of Commissioners competency development and
Komisaris yang dilaksanakan pada tahun 2023 diuraikan dalam                 training programs implemented in 2023 are described in the
tabel berikut ini:                                                          following table:

Nama                   Jenis Pelatihan/Seminar/Workshop/Sharing Knowledge                              Penyelenggara Tanggal & Lokasi
Name                   Type of Training/Seminar/Workshop/Sharing Knowledge                             Organizer     Pelaksanaan
                                                                                                                     Date & Venue
Toshiya Kaname         Seminar “Pembiayaan Mikro dan SDM di Era Society 5.0”                           APPI                 3 Maret/March 2023
                       Seminar on “Micro Financing and Human Resources in Society Era 5.0”
                       Managing Environmental, Social and Governance Risk & Opportunities              OJK                  19 Oktober/October
                                                                                                                            2023
                       Mengenal Lebih Jauh Pengaturan UU P2SK dalam Rangka Penguatan                   OJK                  23 November 2023
                       Literasi, Inklusi, dan Pelindungan Konsumen
                       Get to Know More about the Regulation of P2SK Law in the Context of
                       Strengthening Literacy, Inclusion, and Consumer Protection
Benny Redjo            Webinar “Managing Environmental, Social and Governance Risk &                   OJK                  10 Januari/January
Setyono                Opportunities”                                                                                       2023
                       Seminar Nasional Economic Outlook 2024                                          APPI                 3 Oktober/October
                                                                                                                            2023
Josaphat               Seminar “Pembiayaan Mikro dan SDM di Era Society 5.0”                           APPI                 3 Maret/March 2023
Budisatyawira          Seminar on “Micro Financing and Human Resources in Society Era 5.0”
                       Seminar “Era Baru di Industri Pembiayaan”                                       APPI                 6 Juni/June 2023
                       Seminar on “New Era in Financing Industry”
                       Webinar “Pemanfaatan Internet of Things (IoT) Industri Jasa Keuangan"           OJK                  14 September 2023
                       Webinar on “Utilization of Internet of Things (IoT) in Financing Industry”
                       Konferensi Nasional Komite Audit 2023                                           IKAI                 19 Oktober/October
                       National Audit Committee Conference 2023                                                             2023



                                                                                                 PT JACCS MPM Finance Indonesia
                                                                                              Laporan Tahunan 2023 Annual Report               107
Page 110
                                                                                     accelerating innovation for further growth



Penilaian Terhadap Kinerja Komite di Bawah Dewan                     Performance Assessment of Committees Under the
Komisaris                                                            Board of Commissioners

Dalam melaksanakan tugas dan tanggung jawabnya Dewan                 In carrying out its duties and responsibilities, the Board of
Komisaris didukung oleh 3 (tiga) Komite, yaitu 1) Komite Audit, 2)   Commissioners is supported by 3 (three) Committees, namely 1)
Komite Nominasi dan Remunerasi, 3) Komite Pemantau Risiko.           Audit Committee, 2) Nomination and Remuneration Committee, 3)
Pada tahun 2023, Dewan Komisaris telah menerima laporan              Risk Monitoring Committee. In 2023, the Board of Commissioners
kegiatan ketiga Komite tersebut.                                     has received reports on the activities of the three Committees.


Penilaian kinerja komite-komite tersebut dilakukan secara berkala    Assessment on the performance of these committees is carried
oleh Dewan Komisaris. Kriteria penilaian kinerja komite di bawah     out periodically by the Board of Commissioners. The criteria of
Dewan Komisaris mencakup diantaranya, namun tidak terbatas           the performance assessment of committees under the Board
pada 1) pelaksanaan rapat komite, 2) kehadiran setiap anggota        of Commissioners include, but not limited to 1) execution of
komite, 3) ketertiban administrasi.                                  committee meetings, 2) attendance of each committee member, 3)
                                                                     appropriate administration.


Dewan Komisaris memberikan penilaian bahwa Komite Audit,             The Board of Commissioners assessed that the Audit Committee,
Komite Nominasi dan Remunerasi, serta Komite Pemantau Risiko         Nomination and Remuneration Committee, and Risk Monitoring
telah melaksanakan tugas dan tanggung jawabnya secara optimal,       Committee have carried out their duties and responsibilities
sesuai dengan yang telah diatur dalam piagam komite masing-          optimally in accordance with their respective charters.
masing.




DIREKSI
BOARD OF DIRECTORS


Direksi adalah organ Perseroan yang bertanggung jawab penuh          The Company’s Board of Directors is the organ authorized and fully
atas pengelolaan Perseroan demi tercapainya maksud dan tujuan        responsible for the management of the Company for the benefit of
Perseroan, serta bertugas mewakili Perseroan baik di dalam           the Company, in accordance with the aims and objectives of the
maupun di luar pengadilan sesuai dengan ketentuan Anggaran           Company, and represents the Company, both inside and outside
Dasar Perseroan dan peraturan perundang-undangan yang                courts of law in accordance with its Articles of Association. In
berlaku. Dengan kata lain, Direksi merupakan perangkat eksekutif     other words, the Board of Directors is the executive organ of the
Perseroan untuk menjalankan dan mengelola usaha sesuai dengan        Company to run and manage the business in accordance with the
strategi, prosedur dan kebijakan yang telah ditetapkan.              established strategies, procedures, and policies.


Prosedur       Pengangkatan          dan      Pemberhentian          Procedure for Appointment and Dismissal of
Direksi                                                              Directors

Pengangkatan dan pemberhentian anggota Direksi dilakukan             The appointment and dismissal of members of the Board of Directors
oleh RUPS dengan mempertimbangkan rekomendasi dari                   are carried out by the GMS considering the recommendations
Komite Nominasi dan Remunerasi. Direksi diangkat untuk masa          from the Nomination and Remuneration Committee. The Board of
jabatan 3 (tiga) tahun terhitung sejak tanggal pengangkatan          Directors is appointed for a term of three (3) years from the date
masing-masing Direksi. Pada pelaksanaannya, Direksi sewaktu-         of appointment of each member of the Board of Directors. In the
waktu dapat diberhentikan oleh RUPS mengacu pada Anggaran            implementation, members of the Board of Directors at any time
Dasar Perseroan, dan peraturan perundang-undangan yang               can be dismissed by the GMS referring to the Company’s Articles
berlaku. Sesuai Anggaran Dasar Perseroan, Direksi berhak             of Association, and applicable laws and regulations. Referring to
untuk mengundurkan diri dari jabatannya dan Perseroan wajib          the Company’s Articles of Association, members of the Board of
menyelenggarakan RUPS untuk memutuskan permohonan                    Directors are entitled to request for resignation from their position,
pengunduran diri tersebut.                                           and the Company is required to hold a GMS to decide on the
                                                                     resignation request.



              PT JACCS MPM Finance Indonesia
108           Laporan Tahunan 2023 Annual Report
Page 111
   Ikhtisar Kinerja | Performance Highlights          Profil Perseroan | Company Profile      Tata Kelola Perusahaan | Corporate Governance
                                                       Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                       Kinerja Keberlanjutan | Sustainability Performance
                                                    Management Discussion and Analysis




Komposisi dan Masa Jabatan                                                  Composition and Term of Office

Per 31 Desember 2023, komposisi Direksi Perseroan adalah                    As of December 31, 2023, the composition of the Company’s Board
sebagai berikut:                                                            of Directors is as follows:


Nama              Jabatan                 Dasar Hukum Pengangkatan                            Tanggal Lulus dan Nomor           Masa Jabatan
Name              Position                Legal Basis of Appointment                          Fit & Proper Test                 Term of Office
                                                                                              Passing Date and Fit &
                                                                                              Proper Test No.
Hajimu            Direktur                Surat Keputusan Sirkuler Pemegang Saham             15 April 2003 (No. 5/44/           2023-2026
Yukimoto          Keuangan                sebagai pengganti dari Rapat Umum Pemegang          DGS/ DPIP/ Rahasia)
                  Finance Director        Saham Luar Biasa tanggal 4 Mei 2023.                April 15, 2003
                                          Circular Resolution of Shareholders in lieu of      (No. 5/44/DGS/DPIP/
                                          Extraordinary General Meeting of Shareholders       Rahasia)
                                          dated May 4, 2023.
Venky Charles Direktur                    Surat Keputusan Sirkuler Pemegang Saham             27 September 2013 (KEP             2023-2024
Sutiono       Director                    sebagai pengganti dari Rapat Umum Pemegang          521/ NB.1/2013)
                                          Saham Luar Biasa tanggal 4 Mei 2023.                September 27, 2013
                                          Circular Resolution of Shareholders in lieu of      (KEP 521/NB.1/2013)
                                          Extraordinary General Meeting of Shareholders
                                          dated May 4, 2023.
Supriyanto        Direktur                Surat Keputusan Sirkuler Pemegang Saham             30 Desember 2020 (KEP              2020-2023
                  Director                sebagai pengganti dari Rapat Umum Pemegang          475/ NB.11/2020)
                                          Saham Luar Biasa tanggal 10 Oktober 2023.           December 30, 2020 (KEP
                                          Circular Resolution of Shareholders in lieu of      475/NB.11/2020)
                                          Extraordinary General Meeting of Shareholders
                                          dated October 10, 2023.
Gestik Dwi        Direktur                Surat Keputusan Sirkuler Pemegang Saham             6 Maret 2023 (KEP-61/              2023-2026
Puji M            Director                sebagai pengganti dari Rapat Umum Pemegang          NB.02/2023)
                                          Saham Luar Biasa tanggal 4 Mei 2023.                March 6, 2023 (KEP-61/
                                          Circular Resolution of Shareholders in lieu of      NB.02/2023)
                                          Extraordinary General Meeting of Shareholders
                                          dated May 4, 2023.
Kazuhiro          Direktur                Surat Keputusan Sirkuler Pemegang Saham             17 Desember 2022 (KEP-             2022-2025
Inoue             Director                sebagai pengganti dari Rapat Umum Pemegang          754/NB.11/2022)
                                          Saham Luar Biasa tanggal 5 Januari 2023.            December 17, 2022 (KEP-
                                          Circular Resolution of Shareholders in lieu of      754/NB.11/2022)
                                          Extraordinary General Meeting of Shareholders
                                          dated January 5, 2023.


Perseroan memastikan seluruh anggota Direksi telah memenuhi                 The Company ensures that all members of the Board of Directors
persyaratan dan/atau kriteria yang tertuang dalam Anggaran Dasar            have fulfilled the requirements and/or criteria set out in the
Perseroan maupun ketentuan peraturan perundang- undangan                    Company’s Articles of Association as well as the provisions of the
yang berlaku.                                                               applicable laws and regulations.


Keberagaman Komposisi Direksi                                               Diversity in the Board of Directors Composition

Komposisi Direksi Perseroan telah mencerminkan keberagaman                  The Company’s Board of Directors has a diverse membership
anggotanya, baik dalam hal latar belakang pendidikan, keahlian,             composition, in terms of educational background, expertise,
pengalaman dan usia yang dapat dilihat dari profil masing-masing            experience, and age which can be seen from the profile of each
anggota Direksi. Tiap anggota Direksi memiliki kompetensi tinggi            member of the Board of Directors. Each member of the Board of
yang mendukung pelaksanaan tugas dan tanggung jawabnya                      Directors is highly competent in performing his/her duties and
selaku Direksi Perseroan.                                                   responsibilities as the Company’s Board of Directors.


Program Orientasi bagi Anggota Direksi Baru                                 Orientation Program for New Members of the Board
                                                                            of Directors

Saat ini, Perseroan belum memiliki program khusus untuk orientasi           As of today, the Company has no specific policy on the orientation
bagi Direksi yang baru menjabat. Meskipun demikian, jika ada                program for new members of the Board of Directors. However, the
anggota Direksi baru yang diangkat, maka Sekretaris Perusahaan              Company assigns the Corporate Secretary to provide information



                                                                                                PT JACCS MPM Finance Indonesia
                                                                                             Laporan Tahunan 2023 Annual Report               109
Page 112
                                                                                        accelerating innovation for further growth



memberikan informasi yang cukup terkait kegiatan usaha, profil         on business activities, Company profile, and description of the
Perseroan dan penjelasan mengenai tugas dan tanggung jawab             duties and responsibilities of the Board of Directors to newly
Direksi.                                                               appointed Directors.


Piagam Direksi                                                         Board of Directors Charter

Dalam menjalankan tugas dan tanggung jawabnya, Direksi                 In carrying out its duties and responsibilities, the Board of Directors
mengacu kepada Piagam Direksi yang mencakup hal-hal                    refers to the Board of Directors Charter which stipulates the
berikut:                                                               following matters:
1. Landasan Hukum Piagam;                                              1. Legal Basis of the Charter;
2. Pengangkatan dan Pemberhentian Direksi;                             2. Appointment and Dismissal of Directors;
3. Struktur dan Komposisi Direksi;                                     3. Structure and Composition of the Board of Directors;
4. Persyaratan Hukum dan Nominasi Anggota Direksi;                     4. Legal Requirements and Nominations for Members of the
                                                                            Board of Directors;
5.   Masa Jabatan;                                                     5. Term of Office;
6.   Rangkap Jabatan;                                                  6. Concurrent Position;
7.   Etika Kerja;                                                      7. Work Ethics;
8.   Tugas, Tanggung Jawab dan Kewenangan Direksi;                     8. Duties, Responsibilities and Authorities of the Board of
                                                                            Directors;
9. Komite Penunjang Direksi;                                           9. Supporting Committee of the Board of Directors;
10. Rapat Direksi;                                                     10. Meetings of the Board of Directors;
11. Hubungan Direksi dengan Dewan Komisaris;                           11. Relationship between the Board of Directors and the Board of
                                                                            Commissioners;
12. Evaluasi Kinerja Direksi;                                          12. Performance Assessment of the Board of Directors;
13. Remunerasi;                                                        13. Remuneration;
14. Sertifikasi dan Syarat Keberlanjutan;                              14. Certification and Sustainability Requirements;
15. Pelaporan dan Pertanggungjawaban; dan                              15. Reporting and Accountability; and
16. Pengkajian dan Pembaharuan Piagam.                                 16. Review and Update of the Charter.


Tugas dan Tanggung Jawab Direksi                                       Duties and Responsibilities of the Board of Directors

1.   Direksi wajib mematuhi peraturan perundang-undangan,              1.   The Board of Directors must comply with the laws and
     Anggaran Dasar dan peraturan internal Perseroan dalam                  regulations, the Articles of Association, and the internal
     melaksanakan tugasnya.                                                 regulations of the Company in carrying out its duties.
2.   Direksi menyusun visi, misi dan nilai-nilai Perseroan, menyusun   2.   The Board of Directors prepares the vision, mission, and values
     rencana bisnis jangka pendek, jangka menengah dan jangka               of the Company and arranges the short-term, medium-term,
     panjang.                                                               and long-term business plans.
3.   Direksi wajib melaksanakan prinsip kehati-hatian dalam            3.   The Board of Directors must implement the principle of
     menjalankan tugas dan tanggung jawabnya.                               prudence in carrying out its duties and responsibilities.
4.   Direksi bertugas mengelola, menjalankan, dan bertanggung          4.   The Board of Directors oversees, manages, runs, and is
     jawab atas pengurusan Perseroan sesuai dengan kewenangan               responsible for the management of the Company by the
     dan tanggung jawabnya untuk kepentingan Perseroan sesuai               authority and responsibility for the interests of the Company
     dengan maksud dan tujuan Perseroan yang ditetapkan dalam               in accordance with the aims and objectives of the Company as
     Anggaran Dasar.                                                        stipulated in the Articles of Association.
5.   Direksi wajib menyelenggarakan RUPS Tahunan dan RUPS              5.   The Board of Directors is required to hold an Annual GMS and
     lainnya, serta mempertanggungjawabkan pelaksanaan                      other GMS and is responsible for carrying out their duties to
     tugasnya kepada RUPS sesuai Anggaran Dasar dan peraturan               the GMS in accordance with the Articles of Association and
     perundang-undangan yang berlaku.                                       applicable laws and regulations.
6.   Direksi memastikan agar Perseroan memperhatikan                   6.   The Board of Directors ensures that the Company takes into
     kepentingan semua pihak, khususnya kepentingan debitur,                account the interests of all parties, especially the interests of
     kreditur dan/atau pemangku kepentingan lainnya.                        debtors, creditors, and/or other stakeholders.
7.   Direksi membantu menyediakan fasilitas dan/atau sumber            7.   The Board of Directors assists to provide facilities and/or
     daya untuk kelancaran pelaksanaan tugas dan wewenang                   resources for the smooth implementation of the duties and
     organ Perseroan.                                                       authority of the Company’s organs.




               PT JACCS MPM Finance Indonesia
110            Laporan Tahunan 2023 Annual Report
Page 113
   Ikhtisar Kinerja | Performance Highlights            Profil Perseroan | Company Profile        Tata Kelola Perusahaan | Corporate Governance
                                                         Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                           Kinerja Keberlanjutan | Sustainability Performance
                                                      Management Discussion and Analysis




8. Direksi wajib melaksanakan prinsip-prinsip Tata Kelola                     8. The Board of Directors must implement the principles of
    Perusahaan yang Baik dalam setiap kegiatan usaha Perseroan                    Good Corporate Governance in every business activity of the
    pada seluruh jenjang organisasi.                                              Company at all levels of the organization.
9. Direksi wajib menindaklanjuti temuan audit dan rekomendasi                 9. The Board of Directors must follow up on audit findings and
    dari Audit Internal Perseroan, auditor eksternal, hasil                       recommendations from the Internal Audit, external auditors, OJK
    pengawasan OJK dan/atau hasil pengawasan otoritas lain.                       supervision results, and/or other authorities’ supervision results.
10. Direksi menjamin pengambilan keputusan yang efektif, tepat,               10. The Board of Directors must ensure effective, precise, and
    dan cepat serta dapat bertindak independen, tidak mempunyai                   quick decision-making and can act independently, without
    kepentingan yang dapat mengganggu kemampuannya                                any interest that could interfere with its ability to perform tasks
    melaksanakan tugas secara mandiri dan objektif.                               independently and objectively.
11. Direksi wajib menetapkan kebijakan dan rencana pembiayaan                 11. The Board of Directors must establish policies and financing
    yang dituangkan dalam rencana bisnis tahunan Perseroan.                       plans as outlined in the Company’s annual business plan.
12. Direksi wajib mengambil keputusan pembiayaan secara                       12. The Board of Directors must professionally make financing
    profesional dan mengoptimalkan nilai tambah kekayaan                          decisions and optimize the value-added of the Company’s
    Perseroan dengan tetap memperhatikan perlindungan                             asset with due regard to the protection of the debtor and other
    terhadap debitur dan pemangku kepentingan lainnya.                            stakeholders.
13. Direksi wajib menetapkan pengendalian internal yang efektif               13. The Board of Directors must establish effective and efficient
    dan efisien untuk memberikan keyakinan bahwa kegiatan                         internal controls to ensure that business activities are carried
    usaha dijalankan sesuai dengan sasaran dan strategi bisnis                    out in accordance with business objectives and strategies as
    serta Anggaran Dasar, aturan internal Perseroan dan peraturan                 well as the Articles of Association, internal regulations of the
    perundang-undangan yang berlaku.                                              Company, and applicable laws and regulations.
14. Anggota Direksi wajib tunduk pada Kode Etik Perseroan.                    14. Members of the Board of Directors must comply with the
                                                                                  Company’s Code of Conduct.
15. Dalam hal Direksi tidak berwenang mewakili Perseroan, maka                15. In the event that the Board of Directors is not authorized to
    yang berhak mewakili Perseroan adalah:                                        represent the Company, those entitled to represent the
                                                                                  Company is:
   • Anggota Direksi lainnya yang tidak memiliki benturan                         • Other members of the Board of Directors who do not have a
     kepentingan dengan Perseroan.                                                   conflict of interest with the Company.
   • Dewan Komisaris dalam hal seluruh anggota Direksi                            • The Board of Commissioners if all members of the Board of
     mempunyai benturan kepentingan dengan Perseroan.                                Directors have a conflict of interest with the Company.
   • Pihak lain yang ditunjuk oleh RUPS dalam hal seluruh                         • Other parties appointed by the GMS in case that all members
     anggota Direksi atau Dewan Komisaris mempunyai benturan                         of the Board of Directors or the Board of Commissioners
     kepentingan dengan Perseroan.                                                   have a conflict of interest with the Company.


Sedangkan tugas dan tanggung jawab masing-masing Direktur                     The specific duties and responsibilities of each Director are as
secara spesifik adalah sebagai berikut:                                       follows:


Nama              Jabatan                      Tugas dan Tanggung Jawab
Name              Position                     Duties and Responsibilities
Hajimu            Direktur Keuangan            Bertanggung jawab untuk mengawasi seluruh kegiatan keuangan, dan menyajikan laporan
Yukimoto          Finance Director             keuangan sesuai dengan standar akuntansi keuangan dan peraturan yang diterapkan. Selain
                                               itu, beliau juga bertanggung jawab dalam melakukan pengembangan teknologi informasi,
                                               serta memastikan kegiatan operasional Perseroan berjalan dengan baik dan prosedur kerja
                                               dilaksanakan dengan baik.
                                               Responsible for overseeing all financial activities and presenting financial statements in
                                               accordance with prevailing financial accounting standards and regulations. In addition, the
                                               director is responsible for developing information technology and ensuring that the Company’s
                                               operational activities run well and work procedures are implemented properly.
Venky Charles Direktur                         Bertanggung jawab membuat strategi dan rencana kerja untuk mencapai target bisnis pada
Sutiono       Director                         pembiayaan korporasi.
                                               Responsible for making strategies and work plans to achieve business targets in corporate
                                               financing.
Supriyanto        Direktur                     Bertanggung jawab membuat strategi dan rencana kerja serta memantau dan memastikan fungsi
                  Director                     manajemen risiko Perseroan berjalan dengan baik. Selain itu beliau meninjau dan memantau
                                               implementasi manajemen risiko terkait setiap jenis risiko dan mitigasinya.
                                               Responsible for making strategies and work plans to achieve targets in developing business,
                                               product, and marketing programs. In addition, the director is also responsible for reviewing and
                                               monitoring implementation of risk management related to each risk and its mitigation.



                                                                                                   PT JACCS MPM Finance Indonesia
                                                                                                Laporan Tahunan 2023 Annual Report                    111
Page 114
                                                                                          accelerating innovation for further growth



Nama               Jabatan                  Tugas dan Tanggung Jawab
Name               Position                 Duties and Responsibilities
Gestik Dwi         Direktur                 Bertanggung jawab membuat strategi dan rencana kerja untuk mencapai target bisnis pada
Puji M             Director                 pembiayaan retail yaitu pembiayaan kendaraan bermotor roda empat dan roda dua.
                                            Responsible for making strategies and work plans to achieve business targets in retail financing,
                                            namely financing for four-wheeled and two-wheeled motor vehicles.
Kazuhiro           Direktur                 Bertanggung jawab membuat strategi dan rencana kerja untuk mencapai target dalam
Inoue              Director                 melakukan pengembangan bisnis, pengembangan produk dan program pemasaran. Selain itu,
                                            beliau bertanggung jawab untuk memastikan standar pelayanan dilaksanakan dengan baik.
                                            Responsible for making strategies and work plans to achieve targets in developing business,
                                            product, and marketing programs. In addition, he is also responsible for ensuring service
                                            standards are implemented properly.


Rapat Direksi                                                             Board of Directors Meeting

Dasar Kebijakan                                                           Policy Basis
Rapat Direksi wajib diselenggarakan paling sedikit 1 (satu) kali          The Board of Directors Meeting must be held at least once a month
dalam setiap bulan dan/atau dapat diadakan setiap waktu                   and/or may be held at any time if deemed necessary by the Board
bilamana dipandang perlu oleh Direksi. Anggota Direksi wajib              of Directors. Members of the Board of Directors are required to
menghadiri rapat Direksi paling sedikit 50% (lima puluh persen)           attend the Board of Directors meetings at least 50% (fifty percent)
dari jumlah rapat Direksi dalam periode 1 (satu) tahun sesuai             of the total Board of Directors meetings in a period of 1 (one) year
POJK No. 30/ POJK.05/2014 tentang Tata Kelola Perusahaan                  in accordance with POJK No. 30/ POJK.05/2014 concerning Good
yang Baik bagi Perusahaan Pembiayaan. Dalam hal ini, Direktur             Corporate Governance for Finance Companies. The President
Utama bertugas memimpin rapat dan bila yang bersangkutan tidak            Director chairs the meeting, and if the person concerned is unable
dapat hadir, maka rapat Direksi tetap dapat berlangsung dengan            to attend, the Board of Directors meeting can still take place by
mendelegasikan wewenang kepada anggota Direksi lain sebagai               delegating authority to another member of the Board of Directors
pengganti pemimpin rapat.                                                 as a substitute for the meeting chair.


Frekuensi Rapat dan Tingkat Kehadiran di 2023                             Meeting Frequency and Attendance Rate in 2023
Selama tahun 2023, Direksi mengadakan 12 (dua belas) kali rapat           In 2023, the Board of Directors held 12 (twelve) meetings with a
dengan frekuensi kehadiran sebagai berikut:                               frequency of attendance as follows:


Nama                          Jabatan                                       Jumlah Rapat                  Kehadiran      Tingkat Kehadiran
Name                          Position                                  Number of Meetings               Attendance        Attendance Rate
 Kazuhiro Inoue               Direktur/Director                                           12                      12                   100%
 Hajimu Yukimoto              Direktur Keuangan/Finance Director                          12                      12                   100%
 Venky Charles Sutiono        Direktur/Director                                           12                      12                   100%
 Supriyanto                   Direktur/Director                                           12                      12                   100%
 Gestik Dwi Puji M.           Direktur/Director                                            8                       8                   100%


Agenda Rapat Tahun 2023                                                   Meeting Agenda in 2023
Di dalam rapat-rapat tersebut, Direksi melakukan pembahasan               The Board of Directors has discussed a number of meeting
terhadap beragam agenda sebagai berikut:                                  agendas in meetings as follows:


 Tanggal                                 Agenda Rapat
 Date                                    Meeting Agenda
 20 Januari/January 2023                 Pembahasan kinerja bulanan Perseroan/Review of monthly performance of the Company
 15 Februari/February 2023               Pembahasan kinerja bulanan Perseroan/Review of monthly performance of the Company
 24 Maret/March 2023                     Pembahasan kinerja bulanan Perseroan/Review of monthly performance of the Company
 19 April 2023                           Pembahasan kinerja bulanan Perseroan/Review of monthly performance of the Company
 24 Mei/May 2023                         Pembahasan kinerja bulanan Perseroan/Review of monthly performance of the Company
 21 Juni/June 2023                       Pembahasan kinerja bulanan Perseroan/Review of monthly performance of the Company
 20 Juli/July 2023                       Pembahasan kinerja bulanan Perseroan/Review of monthly performance of the Company




                 PT JACCS MPM Finance Indonesia
112              Laporan Tahunan 2023 Annual Report
Page 115
   Ikhtisar Kinerja | Performance Highlights             Profil Perseroan | Company Profile       Tata Kelola Perusahaan | Corporate Governance
                                                          Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                           Kinerja Keberlanjutan | Sustainability Performance
                                                       Management Discussion and Analysis




 Tanggal                                  Agenda Rapat
 Date                                     Meeting Agenda
 23 Agustus/August 2023                   Pembahasan kinerja bulanan Perseroan/Review of monthly performance of the Company
 20 September 2023                        Pembahasan kinerja bulanan Perseroan/Review of monthly performance of the Company
 18 Oktober/October 2023                  Pembahasan kinerja bulanan Perseroan/Review of monthly performance of the Company
 22 November 2023                         Pembahasan kinerja bulanan Perseroan/Review of monthly performance of the Company
 20 Desember/December 2023                Pembahasan kinerja bulanan Perseroan/Review of monthly performance of the Company

Rapat Gabungan Direksi Bersama Dewan Komisaris                                 Joint Meeting of the Board of Directors and the Board of
                                                                               Commissioners
Rapat Gabungan Direksi dan Dewan Komisaris diselenggarakan                     Joint Meeting of the Board of Directors and the Board of
setidaknya sekali dalam 4 (empat) bulan. Pada 2023, rapat                      Commissioners is held at least once every 4 (four) months. In 2023,
gabungan telah diselenggarakan sebanyak 3 (tiga) kali dengan                   3 (three) joint meetings have been held with the following agendas
tingkat kehadiran dan agenda sebagai berikut:                                  and attendance rate.

Nama                          Jabatan                                                       Jumlah Rapat         Kehadiran       Tingkat Kehadiran
Name                          Position                                                  Number of Meetings      Attendance         Attendance Rate
Toshiya Kaname                Komisaris Utama/President Commissioner                                 3                3                 100%
Benny Redjo Setyono           Komisaris/Commissioner                                                 3                3                    100%
Josaphat Budisatyawira        Komisaris Independen/Independent Commissioner                          3                3                    100%
Kazuhiro Inoue                Direktur/Director                                                      3                3                    100%
Hajimu Yukimoto               Direktur Keuangan/Finance Director                                     3                3                    100%
Venky Charles Sutiono         Direktur/Director                                                      3                3                    100%
Supriyanto                    Direktur/Director                                                      3                3                    100%
Gestik Dwi Puji M.            Direktur/Director                                                      2                2                    100%

Agenda Rapat Gabungan Tahun 2023                                               Joint Meeting Agenda in 2023
 Tanggal                                  Agenda Rapat
 Date                                     Meeting Agenda
 24 Maret/March 2023                      Pembahasan hasil penilaian sendiri Tingkat Kesehatan dan Profil Risiko Perseroan, dan Rangkuman
                                          penyesuaian hasil audit laporan keuangan tahun 2022.
                                          Disscussion of Self-assessment of Financial Soundness and Risk Profile, and Summary – Financial
                                          Audit Adjustments FY 2022.
 20 Juli/July 2023                        •    Pembahasan mengenai pemenuhan peraturan OJK, ketentuan dan prosedur.
                                          •    Pembahasan mengenai rekomendasi management letter audit laporan keuangan tahun 2022
                                               dan progress.
                                          •    Pembahasan strategic key initiatives update.
                                          •    Discussion on the fulfillment of OJK regulations, provisions and procedures.
                                          •    Discussion on the recommendations of the management letter for the 2022 financial statement
                                               audit and progress.
                                          •    Discussion on strategic key initiatives update.
 22 November 2023                         Pembahasan terkait rencana budget 2023 dan perkembangan APU-PPT dan PPPSPM.
                                          Discussion of budget 2023, and AML-CFT and CPF update.


Tingkat Kehadiran dalam RUPS                                                    Attendance Rate at GMS
Perseroan tidak mengadakan RUPS secara fisik/ offline, melainkan               The Company does not hold GMS physically/offline, but by circular
secara keputusan sirkuler.                                                     resolution.


Program Pelatihan dan Pengembangan Kompetensi                                  Board of Directors Competency Training and
Direksi                                                                        Development Program

Dasar Kebijakan                                                                Policy Basis
Program pelatihan dan pengembangan kompetensi profesional                      Continuous professional competency development and training
yang berkelanjutan untuk Direksi dilaksanakan sesuai kebutuhan                 programs for the Board of Directors are carried out according
Perseroan dapat berupa pelatihan, seminar, workshop, maupun                    to the needs of the Company in the form of training, seminars,
short course. Direksi diharapkan dapat berbagi informasi dan                   workshops, or short courses. The Board of Directors is expected to



                                                                                                   PT JACCS MPM Finance Indonesia
                                                                                                Laporan Tahunan 2023 Annual Report                    113
Page 116
                                                                                     accelerating innovation for further growth



pengetahuan (sharing knowledge) dari program pendidikan dan           share information and knowledge from the education and training
pelatihan yang telah diikutinya kepada anggota Direksi lainnya.       programs that they have attended to other members of the Board
                                                                      of Directors.


Pelaksanaan Program pada Tahun 2023                                   Program Implementation in 2023
Program pelatihan dan pengembangan kompetensi Direksi yang            The training and competency development programs for the Board of
dilaksanakan pada tahun 2023 diuraikan dalam tabel berikut ini:       Directors implemented in 2023 are described in the following table:

Nama                 Jenis Pelatihan/Seminar/Workshop/Sharing Knowledge                     Penyelenggara Tanggal & Lokasi
Name                 Type of Training/Seminar/Workshop/Sharing Knowledge                    Organizer     Pelaksanaan
                                                                                                          Date & Venue
Hajimu Yukimoto      Webinar “Outlook Industri Jasa Keuangan di Tahun 2023”                       OJK          10 Januari/January
                     Webinar on “Financial Services Industry Outlook 2023”                                     2023
                     Webinar “Memahami dan Mencegah Fraud dan Tindak Pidana Usaha                 OJK          31 Maret/March 2023
                     Jasa Pembiayaan”
                     Webinar on “Understanding and Preventing Fraud and Criminal Acts in
                     Financing Services Business”
Venky Charles        Webinar “Outlook Industri Jasa Keuangan di Tahun 2023”                       OJK          10 Januari/January
Sutiono              Webinar on “Financial Services Industry Outlook 2023”                                     2023
                     Webinar “Memahami dan Mencegah Fraud dan Tindak Pidana Usaha                 OJK          31 Maret/March 2023
                     Jasa Pembiayaan”
                     Webinar on “Understanding and Preventing Fraud and Criminal Acts in
                     Financing Services Business”
Supriyanto           Webinar “Outlook Industri Jasa Keuangan di Tahun 2023”                       OJK          10 Januari/January
                     Webinar on “Financial Services Industry Outlook 2023”                                     2023
                     Seminar “Pembiayaan Mikro dan SDM di Era Society 5.0”                        APPI         3 Maret/March 2023
                     Seminar on “Micro Financing and Human Resources in Society Era
                     5.0”
Kazuhiro Inoue       Webinar “Outlook Industri Jasa Keuangan di Tahun 2023”                       OJK          10 Januari/January
                     Webinar on “Financial Services Industry Outlook 2023”                                     2023
                     Seminar “Pembiayaan Mikro dan SDM di Era Society 5.0”                        APPI         3 Maret/March 2023
                     Seminar on “Micro Financing and Human Resources in Society Era
                     5.0”
                     Webinar “Fundamental of Wealth Management”                                   OJK          16 Mei/May 2023
                     Webinar “Enhancing Financial Performance Through Analystic Data"             OJK          31 Agustus/August 2023
Gestik Dwi Puji M.   Webinar “Outlook Industri Jasa Keuangan di Tahun 2023”                       OJK          10 Januari/January
                     Webinar on “Financial Services Industry Outlook 2023”                                     2023
                     Webinar “Fundamental of Wealth Management”                                   OJK          16 Mei/May 2023
                     Webinar “Mengenal Lebih Jauh Pengaturan UU P2SK Dalam Rangka                 OJK          10 Agustus/August
                     Penguatan Industri Keuangan Non Bank (IKNB)”                                              2023
                     Webinar on “Getting to Know More About the Regulation on P2SK
                     Law in the Context of Strengthening the Non-Bank Financial Industry
                     (IKNB)”
                     Webinar “Enhancing Financial Performance Through Analystic Data"             OJK          31 Agustus/August 2023
                     Mengenal Lebih Jauh Pengaturan UU P2SK Dalam Rangka Penguatan                OJK          23 November 2023
                     Literasi, Inklusi, dan Pelindungan Konsumen
                     Get to Know More about the Regulation of P2SK Law in the Context of
                     Strengthening Literacy, Inclusion, and Consumer Protection


Penilaian Terhadap Kinerja Komite di Bawah                            Performance Assessment of Committees Under the
Direksi                                                               Board of Commissioners

Penilaian kinerja Komite di bawah Direksi sepanjang tahun 2023        Assessment of the performance of the Committee under the Board
adalah dengan meninjau efektivitas fungsi dan tugas masing-           of Directors throughout 2023 is by reviewing the effectiveness
masing, dalam mendukung pelaksanaan tugas dan tanggung                of their respective functions and duties, in supporting the
jawab Direksi Perseroan melalui masukan dan rapat-rapat yang          implementation of the duties and responsibilities of the Company’s
diselenggarakan secara berkala.                                       Directors through input and meetings held regularly.




             PT JACCS MPM Finance Indonesia
114          Laporan Tahunan 2023 Annual Report
Page 117
   Ikhtisar Kinerja | Performance Highlights      Profil Perseroan | Company Profile      Tata Kelola Perusahaan | Corporate Governance
                                                   Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                   Kinerja Keberlanjutan | Sustainability Performance
                                                Management Discussion and Analysis




PENILAIAN TERHADAP KINERJA DEWAN
KOMISARIS DAN DIREKSI
PERFORMANCE ASSESSMENT OF THE BOARD OF COMMISSIONERS
AND BOARD OF DIRECTORS


Kebijakan Penilaian Dewan Komisaris                                     Board of Commissioners Assessment Policy

Kebijakan penilaian kinerja Dewan Komisaris didasarkan pada             The Board of Commissioners performance assessment is based
Piagam Dewan Komisaris. Penilaian kinerja Dewan Komisaris               on the Board of Commissioners Charter. Performance assessment
dilakukan secara self-assessment berdasarkan kriteria sebagai           of the Board of Commissioner is carried out by self-assessment
berikut:                                                                based on the criteria as follows:
1. Tercapainya 4 (empat) kinerja penunjang yang ada di jajaran          1. Achievement of 4 (four) supporting performances in the Board
    Dewan Komisaris.                                                        of Commissioners.
2. Terlaksananya pemantauan efektivitas praktik GCG dan Tata            2. Monitoring of the effectiveness of GCG practices and
    Kelola Terintegrasi.                                                    Integrated Governance.
3. Tersusunnya KPI Direksi pada bulan Maret setiap tahun dan            3. Determination of the KPI of the Board of Directors in March
    evaluasi pencapaian triwulan.                                           each year and the evaluation of quarterly achievements.
4. Terlaksananya pemantauan atas implementasi Rencana Bisnis            4. Monitoring of the implementation of the Annual Business
    Tahunan.                                                                Plan.
5. Terlaksananya pemantauan atas implementasi Rencana                   5. Monitoring of the implementation of the Company’s
    Pengembangan Perseroan.                                                 Development Plan.
6. Terlaksananya tugas khusus.                                          6. Implementation of special tasks.
7. Terlaksananya pemantauan efektivitas pelaksanaan Corporate           7. Monitoring of the effectiveness of the implementation of
    Social Responsibility (CSR).                                            Corporate Social Responsibility (CSR).
8. Adanya tanggapan Dewan Komisaris atas laporan triwulan dan           8. Response from the Board of Commissioners on the quarterly
    tahunan Direksi.                                                        and annual report submission of the Board of Directors.


Prosedur Pelaksanaan Penilaian Kinerja                                  Performance Assessment Procedure
Penilaian kinerja Dewan Komisaris dilakukan setiap tahun dan            The Board of Commissioners performance assessment is carried
hasilnya diungkapkan dalam Laporan Tahunan dan disampaikan              out annually and the results are disclosed in the Annual Report
kepada Pemegang Saham Perseroan dalam RUPS Tahunan untuk                and submitted to the Company’s Shareholders at the Annual GMS
disetujui.                                                              for approval.


Hasil Penilaian                                                         Assessment Results
Dari kriteria yang telah ditetapkan, hasil penilaian dari kinerja       Based on the established criteria, the results of the Board of
Dewan Komisaris tercermin dari penjelasan sebagai berikut:              Commissioners performance assessment are as follows:
• Pelaksanaan rapat Dewan Komisaris, termasuk tetapi                    • Implementation of the Board of Commissioners meetings,
    tidak terbatas pada kehadiran dan partisipasi serta materi             including but not limited to attendance, participation, and
    pembahasan atau agenda dalam rapat.                                    discussion material or agenda of the meeting.
• Pelaksanaan fungsi pengawasan Perseroan berupa pemberian              • Implementation of the Company’s supervisory function in the
    nasihat dan arahan disampaikan dalam Rapat Gabungan                    form of providing advice and directions conveyed at the Joint
    dengan Direksi.                                                        Meeting with the Board of Directors.
• Pengungkapan integritas dan independensi Dewan Komisaris.             • Disclosure of the integrity and independence of the Board of
                                                                           Commissioners.


Prosedur Pelaksanaan Penilaian Kinerja Direksi                          Board of Directors Performance Assessment Procedure

Penilaian kinerja Direksi dilakukan setiap tahun dan hasilnya           The Board of Directors performance assessment is carried out
diungkapkan dalam Laporan Tahunan dan disampaikan kepada                annually and the results are disclosed in the Annual Report and
Pemegang Saham Perseroan dalam RUPS Tahunan untuk                       submitted to the Company’s Shareholders at the Annual GMS
disetujui. Kebijakan penilaian kinerja Direksi didasarkan pada          for approval. The Board of Directors performance assessment




                                                                                           PT JACCS MPM Finance Indonesia
                                                                                        Laporan Tahunan 2023 Annual Report                    115
Page 118
                                                                                    accelerating innovation for further growth



Piagam Direksi. Penilaian kinerja Direksi berdasarkan kriteria      is conducted based on the Board of Directors Charter. The
sebagai berikut:                                                    performance assessment of the Board of Director based on the
                                                                    following criteria:
1. Pencapaian target bisnis.                                        1. Achievement of business targets.
2. Pencapaian rencana jangka pendek dan jangka panjang              2. Achievement of the Company’s short-term and long-term
   Perseroan.                                                            plans.
3. Pencapaian anggaran dan pendapatan.                              3. Achievement of budget and revenue.
4. Pelaksanaan praktik GCG yang efektif di Perseroan.               4. Implementation of effective GCG practices in the Company.
5. Pelaksanaan CSR.                                                 5. Implementation of CSR.


Penilaian terhadap kinerja Direksi dilakukan setiap tahun secara    The Board of Directors performance assessment is carried out
rutin dengan menggunakan metode penilaian kinerja secara self-      annually through self-assessment which is then evaluated by the
assessment yang kemudian dievaluasi oleh Dewan Komisaris.           Board of Commissioners.


Hasil Penilaian                                                     Assessment Results
Berdasarkan kriteria yang telah ditetapkan, hasil penilaian         Based on the established criteria, the results of the Board of
kinerja Direksi tercermin dari pencapaian kinerja operasional dan   Directors performance assessment are reflected in the operational
keuangan yang diraih Perseroan sepanjang 2023, serta kinerja        and financial performance achievements of the Company
para organ GCG di bawah Direksi yang juga telah melaksanakan        throughout 2023, as well as the performance of the GCG organs
tugas dan tanggung jawabnya dengan baik.                            under the Board of Directors who have also carried out their duties
                                                                    and responsibilities well.




KEBIJAKAN NOMINASI DEWAN KOMISARIS
DAN DIREKSI
NOMINATION POLICY OF THE BOARD OF COMMISSIONERS
AND THE BOARD OF DIRECTORS


Kebijakan                                                           Policy

Kebijakan nominasi Dewan Komisaris dan Direksi Perseroan            The nomination policy for the Company’s Board of Commissioners
mengacu pada POJK No. 33/POJK.04/2014 tentang Direksi dan           and Directors refers to POJK No. 33/POJK.04/2014 concerning
Dewan Komisaris Emiten Atau Perusahaan Publik. Perseroan            Board of Directors and Board of Commissioners of Issuers or Public
secara spesifik belum memiliki kebijakan khusus terkait nominasi    Companies. The Company has no specific policy on the nomination
Dewan Komisaris dan Direksi. Kandidat Dewan Komisaris dan           of the Board of Commissioners and Board Directors. Candidates for
Direksi harus memenuhi persyaratan minimum sebagaimana yang         the Board of Commissioners and Board of Directors must meet the
disyaratkan regulator, antara lain:                                 minimum requirements required by the regulator, as follows:
1. Mempunyai akhlak, moral, dan integritas yang baik.               1. Have good character, morals, and integrity.
2. Cakap melakukan perbuatan hukum.                                 2. Have the capability to carry out legal actions.
3. Dalam 5 (lima) tahun sebelum pengangkatan dan selama             3. Within 5 (five) years prior to appointment and while serving,
    menjabat:                                                            have:
    a. tidak pernah dinyatakan pailit;                                   a. never been declared bankrupt;
    b. tidak pernah menjadi anggota Dewan Komisaris dan/atau             b. never been a member of the Board of Commissioners and/
        anggota Direksi yang dinyatakan bersalah menyebabkan                or member of the Board of Directors who was found guilty
        suatu perusahaan dinyatakan pailit;                                 of causing a company to be declared bankrupt;
    c. tidak pernah dihukum karena melakukan tindak pidana               c. never been convicted for a crime that is detrimental to state
        yang merugikan keuangan negara dan/atau yang berkaitan              finances and/or related to the financial sector; and
        dengan sektor keuangan; dan
    d. tidak pernah menjadi anggota Dewan Komisaris dan/atau            d. never been a member of the Board of Commissioners and/or
        anggota Direksi yang selama menjabat:                              a member of the Board of Directors who during his/her term:
        • pernah tidak menyelenggarakan RUPS tahunan;                      • has never held an annual GMS;



              PT JACCS MPM Finance Indonesia
116           Laporan Tahunan 2023 Annual Report
Page 119
   Ikhtisar Kinerja | Performance Highlights     Profil Perseroan | Company Profile        Tata Kelola Perusahaan | Corporate Governance
                                                  Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                    Kinerja Keberlanjutan | Sustainability Performance
                                               Management Discussion and Analysis




      •   pertanggungjawabannya sebagai anggota Dewan                          •has never received an approval by the GMS for
          Komisaris dan/atau anggota Direksi pernah tidak                       his/her responsibilities as member of the Board of
          diterima oleh RUPS atau pernah tidak memberikan                       Commissioners and/or members of the Board of
          pertanggungjawaban     sebagai     anggota   Dewan                    Directors or have failed to provide accountability as
          Komisaris dan/atau anggota Direksi kepada RUPS; dan                   member of the Board of Commissioners and/or member
                                                                                of the Board of Directors to the GMS; and
      •  pernah menyebabkan perusahaan yang memperoleh                       • has caused a company that has obtained a permit,
         izin, persetujuan, atau pendaftaran dari Otoritas Jasa                 approval, or registration from the Financial Services
         Keuangan tidak memenuhi kewajiban menyampaikan                         Authority to fail to fulfill its obligation to submit an Annual
         Laporan Tahunan dan/atau Laporan Keuangan kepada                       Report and/or Financial Statements to the Financial
         Otoritas Jasa Keuangan.                                                Services Authority.
4. Memiliki komitmen untuk mematuhi peraturan perundang-               4. Have a commitment to complying with the laws and
   undangan.                                                              regulations.
5. Memiliki pengetahuan dan/atau keahlian di bidang yang               5. Have the knowledge and/or expertise in the fields required by
   dibutuhkan oleh Perseroan.                                             the Company.




KEBIJAKAN REMUNERASI BAGI DEWAN
KOMISARIS DAN DIREKSI
REMUNERATION POLICY FOR THE BOARD OF COMMISSIONERS
AND THE BOARD OF DIRECTORS


Dasar Kebijakan                                                        Policy Basis

Perseroan mengacu pada Anggaran Dasar Perseroan dan                    The Company refers to the Company’s Articles of Association and
Undang-Undang No. 40 Tahun 2007 tentang Perseroan Terbatas,            Law No. 40 of 2007 concerning Limited Liability Companies in
untuk mengatur remunerasi Dewan Komisaris dan Direksi yang             regulating the remuneration of the Board of Commissioners and
ditentukan oleh Rapat Umum Pemegang Saham. Sesuai dengan               Board of Directors which is determined by the General Meeting of
kewenangan yang dimilikinya, RUPS dapat mendelegasikan                 Shareholders. In accordance with its authority, the GMS may delegate
wewenangnya kepada Dewan Komisaris untuk menentukan                    its authority to the Board of Commissioners to determine the amount of
jumlah remunerasi Dewan Komisaris dan Direksi setiap tahunnya          remuneration for the Board of Commissioners and Board of Directors
dengan memperhatikan usulan dan rekomendasi dari Komite                each year by taking into account the proposals and recommendations
Nominasi dan Remunerasi.                                               from the Nomination and Remuneration Committee.


Prosedur Penetapan Remunerasi                                          Remuneration Determination Procedure

Penetapan remunerasi yang berlaku untuk Dewan Komisaris dan            Determination of remuneration for the Board of Commissioners
Direksi diatur dengan prosedur berikut ini:                            and Board of Directors is regulated by the following procedure:
1. Komite Nominasi dan Remunerasi meninjau struktur dan                1. The Nomination and Remuneration Committee reviews
    jumlah remunerasi Dewan Komisaris dan Direksi.                        the structure and amount of remuneration for the Board of
                                                                          Commissioners and Board of Directors.
2. Komite Nominasi dan Remunerasi memberikan rekomendasi               2. The Nomination and Remuneration Committee provides
   mengenai peningkatan remunerasi tahun berikutnya untuk                 recommendations on increasing remuneration for the following
   Dewan Komisaris dan Direksi.                                           year for the Board of Commissioners and Board of Directors.
3. Rekomendasi kemudian akan dievaluasi oleh Dewan Komisaris           3. Recommendations will be evaluated by the Board of
                                                                          Commissioners.
4. Rekomendasi yang telah dievaluasi akan diusulkan oleh               4. Evaluated recommendations will be proposed by the Board
   Dewan Komisaris ke RUPS, untuk persetujuan atau disetujui              of Commissioners to the GMS for approval or to be approved
   oleh Dewan Komisaris berdasarkan pelimpahan kewenangan                 by the Board of Commissioners based on the delegation of
   RUPS kepada Dewan Komisaris.                                           authority from the GMS to the Board of Commissioners.



                                                                                            PT JACCS MPM Finance Indonesia
                                                                                         Laporan Tahunan 2023 Annual Report                    117
Page 120
                                                                                           accelerating innovation for further growth



Indikator Penetapan Remunerasi                                              Remuneration Determination Indicator

Penetapan remunerasi Direksi dan Dewan Komisaris                            Determination of remuneration for the Board of Directors and
memperhatikan hal-hal berikut:                                              Board of Commissioners takes into account the following matters:
1. Kinerja keuangan dan pemenuhan kewajiban Perseroan                       1. Financial performance and fulfillment of the Company’s
   sebagaimana diatur dalam peraturan perundang-undangan                       obligations as stipulated in the applicable laws and
   yang berlaku.                                                               regulations.
2. Prestasi kerja individual.                                               2. Individual work performance.
3. Kewajaran dengan Perseroan dan/atau level jabatan yang                   3. Fairness with the Company and/or equivalent position level
   setara (peer group)                                                         (peer group).
4. Pertimbangan sasaran dan strategi jangka panjang.                        4. Consideration of long-term goals and strategies.


Struktur Remunerasi                                                         Remuneration Structure
Struktur remunerasi terdiri dari gaji pokok, tunjangan, fasilitas dan       The remuneration structure consists of basic salary, benefits,
insentif.                                                                   facilities and incentives.


Tabel Remunerasi Dewan Komisaris dan Direksi
Table of Remuneration of the Board of Commissioners and Board of Directors
Uraian                                                                                   Jumlah Direktur               Jumlah Komisaris
Description                                                                            Number of Directors       Number of Commissioners
Di atas Rp2 miliar                                                                                      4                                -
Above IDR2 billion
Di atas Rp1 miliar s/d Rp2 miliar                                                                       2                                1
Above IDR1 billion to IDR2 billion
Di atas Rp500 juta s/d Rp1 miliar                                                                        -                               1
Above IDR500 million to IDR1 billion
Di bawah Rp500 juta                                                                                      -                               1
Below IDR500 million


Tabel Remunerasi dan Fasilitas Lain
Table of Remuneration and Other Facilities
Jabatan                                                Jumlah Anggota              Jumlah Gaji Pokok dan Tunjangan Lain per Tahun (Rp)
Position                                                 Total Member             Total Amount of Annual Basic Salary and Allowances (IDR)
Dewan Komisaris                                                         3                                                   2.641.446.122
Board of Commissioners
Direksi                                                                 6                                                 16.140.257.902
Board of Directors




               PT JACCS MPM Finance Indonesia
118            Laporan Tahunan 2023 Annual Report
Page 121
   Ikhtisar Kinerja | Performance Highlights             Profil Perseroan | Company Profile             Tata Kelola Perusahaan | Corporate Governance
                                                          Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                              Kinerja Keberlanjutan | Sustainability Performance
                                                       Management Discussion and Analysis




HUBUNGAN AFILIASI ANTARA ANGGOTA
DEWAN KOMISARIS, DIREKSI, DAN PEMEGANG
SAHAM UTAMA
AFFILIATION BETWEEN MEMBERS OF THE BOARD OF COMMISSIONERS,
BOARD OF DIRECTORS, AND MAJORITY SHAREHOLDERS


Sampai dengan tanggal 31 Desember 2023, hubungan afiliasi                       As of December 31, 2023, affiliation between members of the Board
antara anggota Direksi, Dewan Komisaris, dan Pemegang Saham                     of Directors, Board of Commissioners and Majority Shareholders
Utama sebagai salah satu kriteria yang digunakan untuk mengukur                 as criteria used to measure the independence of members of the
independensi anggota Direksi dan Dewan Komisaris dapat dilihat                  Board of Directors and Board of Commissioners can be seen in the
pada tabel di bawah ini, yang meliputi:                                         table below:


                                                               Hubungan Keuangan dan Keluarga Dewan Komisaris dan Direksi
                                                    Financial and Family Relationship of the Board of Commissioners and Board of Directors


                                                 Hubungan Keuangan dengan                                         Hubungan Keluarga dengan
                                                  Financial Relationship with                                       Family Relationship with

             Nama
             Name                                                          Pemegang Saham                                               Pemegang Saham
                                   Dewan Komisaris           Direksi                      Dewan Komisaris                  Direksi
                                                                              Pengendali                                                   Pengendali
                                      Board of              Board of                         Board of                     Board of
                                                                              Controlling                                                  Controlling
                                    Commissioners           Directors                      Commissioners                  Directors
                                                                             Shareholders                                                 Shareholders


                                     Ya        Tidak      Ya       Tidak      Ya       Tidak      Ya        Tidak       Ya      Tidak        Ya    Tidak
                                     Yes        No        Yes       No        Yes       No        Yes        No         Yes      No          Yes    No


Toshiya Kaname                                  ✓                    ✓                   ✓                    ✓                   ✓                  ✓

Josaphat Budisatyawira                          ✓                    ✓                   ✓                    ✓                   ✓                  ✓

Benny Redjo Setyono                             ✓                    ✓                   ✓                    ✓                   ✓                  ✓

Hajimu Yukimoto                                 ✓                    ✓                   ✓                    ✓                   ✓                  ✓

Venky Charles Sutiono                           ✓                    ✓                   ✓                    ✓                   ✓                  ✓

Supriyanto                                      ✓                    ✓                   ✓                    ✓                   ✓                  ✓

Gestik Dwi Puji M                               ✓                    ✓                   ✓                    ✓                   ✓                  ✓

Kazuhiro Inoue                                  ✓                    ✓                   ✓                    ✓                   ✓                  ✓




                                                                                                       PT JACCS MPM Finance Indonesia
                                                                                                    Laporan Tahunan 2023 Annual Report                   119
Page 122
                                                                                       accelerating innovation for further growth



KOMITE AUDIT
AUDIT COMMITTEE


Komite Audit adalah organ pendukung yang dibentuk dan                  The Audit Committee is a supporting organ that has been
bertanggung jawab langsung kepada Dewan Komisaris untuk                established to assist the Board of Commissioners in effectively
membantu efektivitas pelaksanaan fungsi pengawasan Dewan               implementing its oversight function particularly related to financial
Komisaris secara khusus terkait keterbukaan pelaporan keuangan         reporting disclosure and internal control.
dan pengawasan internal.


Dasar Hukum                                                            Legal Basis

1. POJK No. 55/POJK.04/2015 tentang Pembentukan dan                    1. POJK No. 55/POJK.04/2015 concerning Establishment and
   Pedoman Pelaksanaan Kerja Komite Audit.                                Work Guidelines of Audit Committee.
2. POJK No. 33/POJK.04/2014 tentang Direksi dan Dewan                  2. POJK No. 33/POJK.04/2014 concerning Board of Directors and
   Komisaris Emiten atau Perusahaan Publik.                               Board of Commissioners of Issuers or Public Companies.
3. POJK No. 29/POJK.05/2020 tentang Perubahan atas POJK                3. POJK No. 29/POJK.05/2020 concerning Amendments to
   No. 30/POJK.05/2014 tentang Tata Kelola Perusahaan Yang                POJK No. 30/POJK.05/2014 concerning Good Corporate
   Baik Bagi Perusahaan Pembiayaan.                                       Governance for Finance Companies.
4. Surat Keputusan Sirkuler Pemegang Saham sebagai pengganti           4. Circular Resolution of Shareholders in lieu of Extraordinary
   dari Rapat Umum Pemegang Saham Luar Biasa tanggal 17 Juni              General Meeting of Shareholders dated June 17, 2022.
   2022.


Piagam Komite Audit                                                    Audit Committee Charter

Agar Komite Audit dapat menjalankan tugas dan tanggung jawab           To implement its duties and responsibilities professionally and
secara profesional dan independen, Komite Audit berpedoman             independently, the Audit Committee refers to the Audit Committee
pada Piagam Komite Audit yang telah disetujui oleh Dewan               Charter which was approved by the Board of Commissioners on
Komisaris pada tanggal 30 Desember 2021.                               December 30, 2021.


Komposisi dan Masa Jabatan                                             Composition and Term of Office

Anggota Komite Audit terdiri dari 3 (tiga) orang anggota yang          The Audit Committee consist of 3 (three) members from an
berasal dari Komisaris Independen dan pihak dari luar Perseroan.       Independent Commissioner and external parties of the Company.
Komite Audit diketuai oleh Komisaris Independen yang juga              The Audit Committee is led by an Independent Commissioner who
merangkap sebagai anggota. Adapun komposisi Komite Audit per           also serves as a member. The composition of the Audit Committee
31 Desember 2023 adalah sebagai berikut:                               as of 31 December 2023 is as follows:


 Nama           Jabatan         Jabatan di      Dasar Hukum Pengangkatan                           Keahlian                 Masa Jabatan
 Name           Position        Perseroan       Legal Basis of Appointment                         Expertise                Term of Office
                                Position at the
                                Company
 Josaphat      Ketua            Komisaris    Surat Keputusan Sirkuler Pemegang Saham Teknologi Informasi         2022-2025
 Budisatyawira Komite Audit     Independen   sebagai pengganti dari Rapat Umum Pemegang dan Audit /Information
               Chairman         Independent Saham Luar Biasa tanggal 17 Juni 2022.          Technology and Audit
               of Audit         Commissioner
               Committee                     Circular Resolution of Shareholders in lieu of
                                             Extraordinary General Meeting of Shareholders
                                             dated June 17, 2022.
 Yusuke         Anggota         Pihak             Surat Keputusan Sirkuler Pemegang Saham          Hukum Bisnis             2022-2025
 Yoshimoto      Member          Independen        sebagai pengganti dari Rapat Umum Pemegang       Internasional
                                Independent       Saham Luar Biasa tanggal 17 Juni 2022.           International Business
                                Party             Circular Resolution of Shareholders in lieu of   Law
                                                  Extraordinary General Meeting of Shareholders
                                                  dated June 17, 2022.




             PT JACCS MPM Finance Indonesia
120          Laporan Tahunan 2023 Annual Report
Page 123
   Ikhtisar Kinerja | Performance Highlights          Profil Perseroan | Company Profile      Tata Kelola Perusahaan | Corporate Governance
                                                       Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                       Kinerja Keberlanjutan | Sustainability Performance
                                                    Management Discussion and Analysis




Nama              Jabatan            Jabatan di      Dasar Hukum Pengangkatan                         Keahlian                    Masa Jabatan
Name              Position           Perseroan       Legal Basis of Appointment                       Expertise                   Term of Office
                                     Position at the
                                     Company
Hendry            Anggota            Pihak          Surat Keputusan Sirkuler Pemegang Saham Keuangan dan Audit                    2022-2025
                  Member             Independen     sebagai pengganti dari Rapat Umum Pemegang Finance and Audit
                                     Independent    Saham Luar Biasa tanggal 17 Juni 2022.
                                     Party
                                                    Circular Resolution of Shareholders in
                                                    lieu of Extraordinary General Meeting of
                                                    Shareholders dated June 17, 2022.

Profil Komite Audit                                                         Audit Committee Profile

                                                   JOSAPHAT BUDISATYAWIRA
                                                   Ketua Komite Audit
                                                   Chairman of Audit Committee
                                                   Masa Jabatan
                                                   Term of Office
                                                                          2019-2025

                                                   Profil lengkap sudah dijelaskan pada bab Profil Perseroan, subbab Profil Dewan Komisaris
                                                   dalam Laporan Tahunan ini.
                                                   His full profile has been described in the Company Profile chapter, the Board of
                                                   Commissioners Profile subchapter of this Annual Report.



                                                   YUSUKE YOSHIMOTO
                                                   Anggota Komite Audit
                                                   Audit Committee Member
                                                   Masa Jabatan
                                                   Term of Office
                                                                          2022 - 2025

                                                   Usia                   47 tahun
                                                   Age                    47 years old
                                                   Kewarganegaraan        Jepang
                                                   Citizenship            Japanese
Riwayat Pendidikan                                                        Educational Background
• Master of Law, Columbia Law School, New York, United States             Master of Law, Columbia Law School, New York, United States of
  of America (2010)                                                       America (2010)
• Bachelor of Laws, Tokyo University (2001)                               Bachelor of Laws, Tokyo University (2001)
Riwayat Karier                                                            Career History
2012                                                                      2012
Ali Budiardjo, Nugroho, Reksodiputro, Jakarta                             Ali Budiardjo, Nugroho, Reksodiputro, Jakarta
2010 - 2011                                                               2010 - 2011
Mitsui & Co. (U.S.A.), Inc., New York Headquarters                        Mitsui & Co. (U.S.A.), Inc., New York Headquarters
2008 - 2009                                                               2008 - 2009
Mitsui & Co., Ltd.                                                        Mitsui & Co., Ltd.
2002                                                                      2002
Nishimura & Asahi (Gaikokuho Kyodo Jigyo)                                 Nishimura & Asahi (Gaikokuho Kyodo Jigyo)
Rangkap Jabatan                                                           Concurrent Position
Partner Nishimura & Asahi Law Firm                                        Partner Nishimura & Asahi Law Firm



                                                   HENDRY
                                                   Anggota Komite Audit
                                                   Audit Committee Member
                                                   Masa Jabatan
                                                   Term of Office
                                                                          2022 - 2025

                                                   Usia                   45 tahun
                                                   Age                    45 years old
                                                   Kewarganegaraan        Indonesia
                                                   Citizenship            Indonesian




                                                                                                PT JACCS MPM Finance Indonesia
                                                                                             Laporan Tahunan 2023 Annual Report                   121
Page 124
                                                                                      accelerating innovation for further growth



 Riwayat Pendidikan                                                   Educational Background
 Sarjana Ekonomi Akuntansi dari Universitas Katolik Atmajaya          Bachelor’s degree in economics accounting from Universitas
                                                                      Katolik Atmajaya
 Riwayat Karier                                                       Career History
 - Chief Financial Officer – SIS Group of Schools (2016-2016).        - Chief Financial Officer – SIS Group of Schools (2016-2016).
 - Audit Senior Manager – PricewaterhouseCoopers (2014-2016).         - Audit Senior Manager – PricewaterhouseCoopers (2014-2016).
 - Audit Senior Manager – Ernst & Young Jakarta (2010-2014).          - Audit Senior Manager – Ernst & Young Jakarta (2010-2014).
 Rangkap Jabatan                                                      Concurrent Position
 - Managing Partner Kantor Akuntan Publik Hendry & Kasman             - Managing Partner at Public Accounting Firm of Hendry &
   (2017-sekarang).                                                     Kasman (2017-present).
 - Founding Member & Deputy Treasury CFO Club Indonesia               - Founding Member & Deputy Treasury at CFO Club Indonesia
   (Perkumpulan Direktur Keuangan Indonesia) (2019-sekarang).           (2019-present).
 - Direktur PT Kita Tumbuh Bersama (2019-Sekarang).                   - Director at PT Kita Tumbuh Bersama (2019-present).
 - Komite Audit PT Medco Power Indonesia (2018-sekarang).             - Audit Committee at PT Medco Power Indonesia (2018-present).

Independensi Komite Audit                                              Independence of the Audit Committee

Seluruh anggota Komite Audit merupakan pihak independen yang           All members of the Audit Committee are independent parties
tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris,       with no affiliation with members of the Board of Commissioners,
Direksi, maupun pemegang saham Perseroan. Dalam melaksanakan           Directors or shareholders of the Company. In carrying out their
tugas dan tanggung jawabnya, para anggota senantiasa                   duties and responsibilities, the members always prioritize a high
mengedepankan tingkat independensi dan profesionalisme yang            level of independence and professionalism and avoid conflicts of
tinggi serta menghindari adanya benturan kepentingan.                  interest.


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

Sebagaimana tercantum dalam Piagam Komite Audit Perseroan,             As stipulated in the Company’s Audit Committee Charter, the
tugas dan tanggung jawab Komite Audit adalah sebagai berikut:          duties and responsibilities of the Audit Committee are as follows:
1. Komite Audit bertindak secara independen dalam                      1. The Audit Committee carries out its duties and responsibilities
    melaksanakan tugas dan tanggung jawabnya.                              independently.
2. Melakukan penelaahan informasi keuangan yang akan                   2. Review the financial information that will be issued by the
    dikeluarkan Perseroan kepada publik dan/atau pihak otoritas            Company to the public and/or authorities, including financial
    antara lain laporan keuangan, proyeksi dan laporan lainnya             statements, projections and other reports related to the
    terkait dengan informasi keuangan Perseroan.                           Company’s financial information.
3. Melakukan penelaahan atas ketaatan terhadap peraturan               3. Review the Company’s compliance with the laws and
    perundang-undangan yang berhubungan dengan kegiatan                    regulations.
    Perseroan.
4. Memberikan pendapat independen dalam hal terjadi                    4. Provide independent opinion in cases of dissenting opinions
    perbedaan pendapat antara manajemen dan Akuntan Publik                 between the management and the Public Accountant on its
    atas jasa yang diberikan.                                              services.
5. Memberikan rekomendasi mengenai penunjukan Akuntan                  5. Provide recommendations on the appointment of Public
    Publik dan Kantor Akuntan Publik kepada Dewan Komisaris                Accountant and Public Accounting Firm to the Board of
    untuk disampaikan kepada RUPS.                                         Commissioners to be submitted to the GMS.
6. Melakukan pemantauan dan evaluasi atas perencanaan dan              6. Monitor and evaluate the audit plan and implementation and
    pelaksanaan audit serta pemantauan atas tindak lanjut hasil            follow-up on audit findings to assess the adequacy of internal
    audit dalam rangka menilai kecukupan pengendalian internal             controls including the adequacy of the financial reporting
    termasuk kecukupan proses pelaporan keuangan.                          process.
7. Melakukan pemantauan terhadap pelaksanaan tindak lanjut             7. Monitor the follow-up of the Board of Directors on the
    oleh Direksi atas hasil temuan kerja Audit Internal, Kantor            findings of the Internal Audit, Public Accounting Firm, and the
    Akuntan Publik dan hasil pengawasan OJK guna memberikan                supervision results of OJK, to make recommendations to the
    rekomendasi kepada Dewan Komisaris.                                    Board of Commissioners.
8. Melakukan penelaahan terhadap aktivitas pelaksanaan                 8. Review the risk management activities conducted by the Board
    manajemen risiko yang dilakukan oleh Direksi, jika Perseroan           of Directors if the Company does not have a risk monitoring
    tidak memiliki fungsi pemantau risiko di bawah Dewan Komisaris.        function under the Board of Commissioners.
9. Menelaah pengaduan yang berkaitan dengan proses akuntansi           9. Review complaints related to the Company’s accounting and
    dan pelaporan keuangan Perseroan.                                      financial reporting process.
10. Menjaga kerahasiaan dokumen, data dan informasi                    10. Maintain the confidentiality of the Company’s documents, data,
    Perseroan.                                                             and information.



              PT JACCS MPM Finance Indonesia
122           Laporan Tahunan 2023 Annual Report
Page 125
   Ikhtisar Kinerja | Performance Highlights         Profil Perseroan | Company Profile         Tata Kelola Perusahaan | Corporate Governance
                                                      Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                       Kinerja Keberlanjutan | Sustainability Performance
                                                   Management Discussion and Analysis




Wewenang Komite Audit                                                      Authority of the Audit Committee

Dalam menjalankan tugasnya, Komite Audit mempunyai wewenang                In carrying out its duties, the Audit Committee has the following
sebagai berikut:                                                           authorities:
1. Mengakses dokumen, data dan informasi Perseroan tentang                 1. Access the documents, data, and information about the
    karyawan, dana, aset dan sumber daya Perseroan yang                        Company’s employees, funds, assets, and resources of the
    diperlukan terkait dengan pelaksanaan tugasnya.                            Company that is required for the implementation of their duties.
2. Berkomunikasi langsung dengan karyawan Perseroan,                       2. Communicate directly with the Company’s employees,
    termasuk Direksi Perseroan dan unit Audit Internal Perseroan,              including the Board of Directors and the Internal Audit unit,
    fungsi yang menjalankan manajemen risiko dan Akuntan                       functions that run the risk management and Public Accountant
    Publik dan/atau Kantor Akuntan Publik yang memberikan                      and/or Public Accountant Firm that provide services to the
    jasa kepada Perseroan dalam rangka menjalankan tugas dan                   Company to carry out the duties and responsibilities of the
    tanggung jawab Komite Audit Perseroan.                                     Company’s Audit Committee.
3. Komite Audit Perseroan dapat melibatkan pihak independen                3. The Audit Committee may involve independent parties
    di luar anggota Komite Audit Perseroan untuk membantu                      outside the member of the Audit Committee to assist the
    pelaksanaan tugasnya (jika diperlukan) dengan persetujuan                  implementation of the duty (if necessary) with the approval of
    Dewan Komisaris Perseroan.                                                 the Board of Commissioners of the Company.
4. Melakukan kewenangan lain yang diberikan oleh Dewan                     4. Perform other authorities granted by the Board of
    Komisaris Perseroan.                                                       Commissioners.


Rapat Komite Audit                                                         Audit Committee Meeting

Komite Audit wajib mengadakan rapat secara berkala paling sedikit          The Audit Committee must hold meetings regularly at least once
1 (satu) kali dalam 3 (tiga) bulan. Namun demikian, pelaksanaan            in 3 (three) months. However, meetings can also be held at any
rapat juga dapat diadakan sewaktu-waktu (insidentil) apabila               time (incidentally) if requested by the Board of Commissioners
diminta oleh Dewan Komisaris atau terdapat kejadian penting dan            or in case of important and urgent events in their supervision.
mendesak yang terjadi di bidang area pengawasannya. Sepanjang              Throughout 2023, the Company’s Audit Committee held 8 (eight)
tahun 2023, Komite Audit Perseroan telah mengadakan 8 (delapan)            meetings with details of the attendance rate as follows:
kali rapat dengan rincian tingkat kehadiran sebagai berikut:


Nama                          Jabatan                                        Jumlah Rapat                    Kehadiran       Tingkat Kehadiran
Name                          Position                                   Number of Meetings                 Attendance         Attendance Rate
Josaphat Budisatyawira        Ketua                                                       8                          8                   100%
                              Chairman
Yusuke Yoshimoto              Anggota                                                       8                          8                     100%
                              Member
Hendry                        Anggota                                                       8                          8                     100%
                              Member


Tanggal                       Agenda Rapat
Date                          Meeting Agenda

18 Januari/January 2023 Membahas kinerja Audit Internal di tahun 2022 dan rencana kerja Audit Internal di tahun 2023, membahas
                        perkembangan Audit Internal, Compliance, dan Laporan Keuangan Perseroan.
                        Discussion of Internal Audit performance in 2022 and Internal Audit work plans for 2023, discussion of
                        development in Internal Audit, Compliance, and Financial Statements of the Company.

15 Maret/March 2023           Membahas perkembangan Audit Internal, Laporan Keuangan, dan Operasional Perseroan.
                              Discussion of the development of Internal Audit, Financial Statements, and Operations of the Company.

15 Maret/March 2023           Laporan KAP mengenai hasil audit terhadap Laporan Keuangan Perseroan.
                              KAP report regarding the audit results of the Company’s Financial Statements.

17 Mei/May 2023               Membahas perkembangan Audit Internal, Laporan Keuangan, dan MyCash Reengineering Perseroan.
                              Discussion of the development of the Internal Audit, Financial Statements and MyCash Reengineering of the
                              Company.

13 Juli/July 2023             Membahas perkembangan Audit Internal, Laporan Keuangan, dan Collection Perseroan.
                              Discussion of the development of the Internal Audit, Financial Statements and Collection of the Company.




                                                                                               PT JACCS MPM Finance Indonesia
                                                                                            Laporan Tahunan 2023 Annual Report                123
Page 126
                                                                                    accelerating innovation for further growth



 Tanggal                  Agenda Rapat
 Date                     Meeting Agenda

 13 September 2023        Membahas perkembangan Audit Internal dan Laporan Keuangan Perseroan.
                          Discussion of the development of the Internal Audit and Financial Statements of the Company.

 15 November 2023         Membahas perkembangan Audit Internal dan Laporan Keuangan Perseroan.
                          Discussion of the development of the Internal Audit and Financial Statements of the Company.

 17 November 2023         Laporan KAP mengenai proses audit terhadap Laporan Keuangan Perseroan.
                          KAP report regarding audit of the Company’s Financial Statements.


Program Pengembangan Kompetensi Tahun 2023                           Competency Development Program in 2023

Untuk pendidikan dan/atau pelatihan yang diikuti Komite Audit        Information on education and/or training attended by the Audit
dapat dilihat pada Bab Profil Perseroan dalam Laporan Tahunan        Committee can be seen in the Company Profile Chapter of this
ini.                                                                 Annual Report.


Pelaksanaan Kegiatan Komite                                          Implementation of Committee Activities

Sepanjang tahun 2023, Komite Audit telah melaksanakan berbagai       Throughout 2023, the Audit Committee has carried out the
kegiatan sebagai berikut:                                            following activities:
1. Mengadakan rapat Komite Audit untuk membahas dan                  1. Holding Audit Committee meetings to discuss and receive
    menerima laporan kinerja pelaksanaan Audit Internal, dan              performance reports on the Internal Audit, and financial
    laporan keuangan Perseroan.                                           statements of the Company.
2. Menerima dan meninjau laporan dari auditor eksternal terkait      2. Receiving and reviewing reports from external auditors on the
    pelaksanaan audit keuangan Perseroan.                                 Company’s financial audits.
3. Mengevaluasi       kinerja   auditor      eksternal     dan       3. Evaluating the performance of the external auditors and
    merekomendasikan penunjukan auditor eksternal kepada                  recommending the appointment of an external auditor to the
    Dewan Komisaris.                                                      Board of Commissioners.




KOMITE NOMINASI DAN REMUNERASI
NOMINATION AND REMUNERATION COMMITTEE


Komite Nominasi dan Remunerasi merupakan komite yang                 The Nomination and Remuneration Committee is a committee
bertanggung jawab kepada Dewan Komisaris dan bertugas                that is responsible to the Board of Commissioners and has a
membantu pelaksanaan tugas dan tanggung jawab Dewan                  task of assisting the Board of Commissioners in implementing its
Komisaris sehubungan dengan pengawasan atas fungsi nominasi          duties and responsibilities pertaining oversight on the Company’s
dan remunerasi Perseroan.                                            nomination and remuneration functions.


Dasar Hukum                                                          Legal Basis

1. POJK No. 34/POJK.04/2014 tentang Komite Nominasi dan              1. POJK No. 34/POJK.04/2014 concerning Nomination and
   Remunerasi Emiten atau Perusahaan Publik.                            Remuneration Committee of Issuers or Public Companies.
2. Surat Keputusan Sirkuler Dewan Komisaris tanggal 17 Juni          2. Circular Resolution of the Board of Commissioners dated
   2022, mengenai Perubahan Susunan Komite Nominasi dan                 June 17, 2022, concerning Changes to the Composition of the
   Remunerasi.                                                          Nomination and Remuneration Committee.




             PT JACCS MPM Finance Indonesia
124          Laporan Tahunan 2023 Annual Report
Page 127
   Ikhtisar Kinerja | Performance Highlights          Profil Perseroan | Company Profile       Tata Kelola Perusahaan | Corporate Governance
                                                       Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                        Kinerja Keberlanjutan | Sustainability Performance
                                                    Management Discussion and Analysis




Piagam Komite Nominasi dan Remunerasi                                       Nomination and Remuneration Committee Charter

Agar Komite Nominasi dan Remunerasi dapat menjalankan tugas dan             To carry out its duties and responsibilities professionally and
tanggung jawab secara profesional dan independen, Komite Nominasi           independently, the Nomination and Remuneration Committee
dan Remunerasi berpedoman pada Piagam Komite Nominasi dan                   refers to the Nomination and Remuneration Committee Charter
Remunerasi yang telah disetujui oleh Dewan Komisaris.                       which has been approved by the Board of Commissioners.


Komposisi dan Masa Jabatan                                                  Composition and Term of Office

Anggota Komite Nominasi dan Remunerasi paling kurang terdiri                The Nomination and Remuneration Committee consist of at least 3
dari 3 (tiga) orang, yaitu:                                                 (three) members, namely:
1. Seorang Ketua merangkap anggota, yang merupakan                          1. A Chairman and concurrent member, who is an Independent
    Komisaris Independen.                                                        Commissioner.
2. Anggota lainnya yang dapat berasal dari:                                 2. Other members who may come from:
    a. Anggota Dewan Komisaris.                                                  a. Member of the Board of Commissioners.
    b. Pihak yang berasal dari luar Perseroan yang wajib                         b. External party of the Company who must meet the
          memenuhi syarat:                                                           following requirements:
          - Tidak mempunyai hubungan afiliasi dengan Perseroan,                      - Has no affiliation with the Company, members of the
            anggota Direksi, Dewan Komisaris, atau Pemegang                             Board of Directors, Board of Commissioners or Majority
            Saham Utama Perseroan.                                                      Shareholders of the Company.
          - Memiliki pengalaman terkait nominasi dan remunerasi.                     - Have relevant experience to nomination and remuneration.
          - Tidak merangkap jabatan sebagai anggota Komiten                          - Hold no concurrent positions as member of the other
            lainnya yang dimiliki Perseroan.                                            Committees of the Company.
3. Pihak yang menduduki jabatan manajerial di bawah Direksi                 3. Parties occupying managerial positions under the Board of
    yang membidangi sumber daya manusia.                                         Directors in charge of human resources.


Anggota Direksi Perseroan tidak dapat menjadi anggota Komite                Members of the Board of Directors of the Company cannot become
Nominasi dan Remunerasi. Adapun komposisi Komite Nominasi                   members of the Nomination and Remuneration Committee. The
dan Remunerasi per 31 Desember 2023 adalah sebagai berikut:                 composition of the Nomination and Remuneration Committee as of
                                                                            December 31, 2023 is as follows:


Nama              Jabatan                      Jabatan di Perseroan          Dasar Hukum Pengangkatan                            Masa Jabatan
Name              Position                     Position at the Company       Legal Basis of Appointment                          Term of Office
Josaphat      Ketua Komite Nominasi            Komisaris Independen          Surat Keputusan Sirkuler Dewan Komisaris               2022-2025
Budisatyawira dan Remunerasi                   Independent                   tanggal 17 Juni 2022, mengenai Perubahan
              Chairman                         Commissioner                  Susunan Komite Nominasi dan Remunerasi.
              of the Nomination                                              Circular Resolution of the Board of
              and Remuneration                                               Commissioners dated June 17, 2022 on
              Committee                                                      Changes in the Composition of the Nomination
                                                                             and Remuneration Committee.
Toshiya           Anggota                      Komisaris Utama               Surat Keputusan Sirkuler Dewan Komisaris               2022-2025
Kaname            Member                       President Commissioner        tanggal 17 Juni 2022, mengenai Perubahan
                                                                             Susunan Komite Nominasi dan Remunerasi.
                                                                             Circular Resolution of the Board of
                                                                             Commissioners dated June 17, 2022 on
                                                                             Changes in the Composition of the Nomination
                                                                             and Remuneration Committee.
Benny Redjo       Anggota                      Komisaris                     Surat Keputusan Sirkuler Dewan Komisaris               2022-2025
Setyono           Member                       Commissioner                  tanggal 30 Juli 2022, mengenai Perubahan
                                                                             Susunan Komite Nominasi dan Remunerasi.
                                                                             Circular Resolution of the Board of
                                                                             Commissioners dated July, 30, 2022 on
                                                                             Changes in the Composition of the Nomination
                                                                             and Remuneration Committee




                                                                                                PT JACCS MPM Finance Indonesia
                                                                                             Laporan Tahunan 2023 Annual Report                125
Page 128
                                                                                      accelerating innovation for further growth



Profil Komite Nominasi dan Remunerasi                                  Nomination and Remuneration Committee Profile

                                                JOSAPHAT BUDISATYAWIRA
                                                Ketua Komite Nominasi dan Remunerasi
                                                Chairman of Nomination and Remuneration Committee
                                                Masa Jabatan
                                                Term of Office
                                                                      2022-2025

                                                Profil lengkap beliau telah diuraikan pada bab Profil Perseroan, subbab Profil Dewan
                                                Komisaris dalam Laporan Tahunan ini.
                                                His full profile has been described in the Company Profile chapter, the Board of
                                                Commissioners Profile subchapter of this Annual Report.



                                                TOSHIYA KANAME
                                                Anggota Komite Nominasi dan Remunerasi
                                                Nomination and Remuneration Committee Member
                                                Masa Jabatan
                                                Term of Office
                                                                      2022-2025

                                                Profil lengkap beliau telah diuraikan pada bab Profil Perseroan, subbab Profil Dewan
                                                Komisaris dalam Laporan Tahunan ini.
                                                His full profile has been described in the Company Profile chapter, the Board of
                                                Commissioners Profile subchapter of this Annual Report.



                                                BENNY REDJO SETYONO
                                                Anggota Komite Nominasi dan Remunerasi
                                                Nomination and Remuneration Committee Member
                                                Masa Jabatan
                                                Term of Office
                                                                      2022-2025

                                                Profil lengkap beliau telah diuraikan pada bab Profil Perseroan, subbab Profil Dewan
                                                Komisaris dalam Laporan Tahunan ini.
                                                His full profile has been described in the Company Profile chapter, the Board of
                                                Commissioners Profile subchapter of this Annual Report.


Independensi Komite                                                    Independence of the Committee

Seluruh anggota Komite telah memenuhi kriteria independensi            All members of the Committee have met the independence criteria
yang dinyatakan dalam Piagam Komite Nominasi dan Remunerasi.           stated in the Nomination and Remuneration Committee Charter.


Tugas dan Tanggung Jawab                                               Duties and Responsibilities

Terkait dengan fungsi nominasi, Komite Nominasi dan Remunerasi         For its nomination function, the Nomination and Remuneration
memiliki tugas dan tanggung jawab sebagai berikut:                     Committee has the following duties and responsibilities:
1. Mengkaji komposisi dan besarnya keanggotaan Dewan                   1. Reviewing the composition and size of the membership of
    Komisaris dan Direksi untuk memastikan bahwa anggota Dewan             the Board of Commissioners and Board of Directors to ensure
    Komisaris dan Direksi memiliki keahlian yang memadai dan               that the Board members have adequate expertise and various
    berasal dari berbagai latar belakang yang diperlukan Perseroan.        backgrounds required by the Company.
2. Membantu Dewan Komisaris dalam menetapkan rincian                   2. Assisting the Board of Commissioners in determining job
    tugas (job description) dan persyaratan penunjukan, termasuk           description and appointment requirements, including criteria
    kriteria-kriteria bagi anggota Dewan Komisaris dan Direksi.            for members of the Board of Commissioners and the Board of
                                                                           Directors.
3. Merekomendasikan sistem nominasi dan evaluasi kinerja yang          3. Recommending a transparent nomination and performance
   transparan bagi Dewan Komisaris dan Direksi yang selanjutnya            evaluation system for the Board of Commissioners and the
   diajukan untuk memperoleh persetujuan RUPS.                             Board of Directors to be submitted to the GMS for approval.
4. Mengkaji sistem manajemen karier yang diterapkan di                 4. Reviewing the career management system implemented in
   Perseroan dan merekomendasikan upaya perbaikan dan                      the Company and recommending improvement and alignment
   penyelarasannya.                                                        efforts.



              PT JACCS MPM Finance Indonesia
126           Laporan Tahunan 2023 Annual Report
Page 129
   Ikhtisar Kinerja | Performance Highlights     Profil Perseroan | Company Profile       Tata Kelola Perusahaan | Corporate Governance
                                                  Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                   Kinerja Keberlanjutan | Sustainability Performance
                                               Management Discussion and Analysis




Terkait dengan tugas remunerasi, Komite Nominasi dan                   In terms of remuneration, the Nomination and Remuneration
Remunerasi memiliki tugas dan tanggung jawab sebagai berikut:          Committee has the following duties and responsibilities:
1. Merekomendasikan sistem remunerasi bagi Dewan Komisaris             1. Recommending a remuneration system for the Board of
    dan Direksi untuk selanjutnya diajukan guna memperoleh                 Commissioners and the Board of Directors to be submitted to
    persetujuan RUPS.                                                      the GMS for approval.
2. Merekomendasikan gaji, tantiem, santunan purna jabatan              2. Recommending salary, bonuses, post-service compensation,
    dan kompensasi bagi Dewan Komisaris, Sekretaris Dewan                  and compensation for the Board of Commissioners, Secretary
    Komisaris (apabila ada) dan Direksi.                                   to the Board of Commissioners (if any), and Board of Directors.
3. Merekomendasikan manfaat lain bagi Dewan Komisaris dan              3. Recommending other benefits for the Board of Commissioners
    Direksi.                                                               and the Board of Directors.
4. Membantu Komisaris Utama dalam menyusun pengungkapan                4. Assisting the President Commissioner in preparing the
    remunerasi Dewan Komisaris dan Direksi secara individual dan           disclosure of remuneration for the Board of Commissioners
    bersama-sama di dalam Laporan Tahunan Perseroan.                       and the Board of Directors individually and aggregately in the
                                                                           Company’s Annual Report.
5. Mempertimbangkan hal-hal lain berkaitan dengan remunerasi           5. Considering other matters relating to remuneration or terms
   atau syarat pekerjaan yang diberlakukan bagi Dewan                      of employment for the Board of Commissioners and the Board
   Komisaris dan Direksi.                                                  of Directors.
6. Memberikan rekomendasi tentang sistem kompensasi serta              6. Providing recommendations on the compensation system and
   manfaat lainnya dalam hal dilakukannya program pengurangan              other benefits in terms of conducting a program to reduce
   pegawai.                                                                headcounts.
7. Senantiasa melakukan studi banding, survei, dan penelitian          7. Always carrying out comparative studies, surveys, and
   dalam rangka mengembangkan sistem remunerasi bagi                       research to develop a remuneration system for the Board of
   Dewan Komisaris dan Direksi.                                            Commissioners and the Board of Directors.
8. Mengkaji sistem pemberian imbalan yang berlaku di Perseroan         8. Reviewing the reward system that applies to the Company and
   dan merekomendasikan upaya perbaikan dan penyelarasannya.               recommending improvement and alignment efforts.


Wewenang Komite Nominasi dan Remunerasi                                Authority of the Nomination and Remuneration
                                                                       Committee

Dalam menjalankan tugasnya, Komite Nominasi dan Remunerasi             In carrying out its duties, the Nomination and Remuneration
mempunyai wewenang sebagai berikut:                                    Committee has the following authorities:
1. Dengan sepengetahuan Dewan Komisaris, Komite Nominasi               1. Under the acknowledgment of the Board of Commissioners,
    dan Remunerasi melakukan komunikasi secara langsung dan                the Nomination and Remuneration Committee communicates
    memelihara hubungan kerja yang efektif dengan Direksi, unit            directly and maintains an effective work relationship with the
    kerja, dan/atau pihak lain yang terkait dengan penerapan               Board of Directors, work units, and/or other parties related
    sistem nominasi dan remunerasi dalam Perseroan.                        to the implementation of the nomination and remuneration
                                                                           system in the Company.
2. Apabila diperlukan, Komite Nominasi dan Remunerasi berhak           2. If necessary, the Nomination and Remuneration Committee
   melibatkan tenaga ahli dan/atau konsultan/pihak independen              reserves the right to involve experts and/or consultants/
   untuk membantu pelaksanaan tugasnya dengan mendapatkan                  independent parties to assist the Committee in carrying out
   persetujuan tertulis dari Dewan Komisaris.                              their duties by obtaining the written consent of the Board of
                                                                           Commissioners.


Rapat Komite                                                           Committee Meeting

Komite Nominasi dan Remunerasi wajib mengadakan rapat secara           The Nomination and Remuneration Committee must hold regular
berkala sekurang-kurangnya 3 (tiga) kali dalam setahun. Namun          meetings at least 3 (three) times a year. However, meetings can
demikian, pelaksanaan rapat juga dapat diadakan sewaktu-               also be held at any time (incidentally) if requested by the Board
waktu (insidentil) apabila diminta oleh Dewan Komisaris atau           of Commissioners or in case of important and urgent events in
terdapat kejadian penting dan mendesak yang terjadi di bidang          the area of their supervision. Throughout 2023, the Company’s
area pengawasannya. Sepanjang tahun 2023, Komite Nominasi              Nomination and Remuneration Committee held 3 (three) meetings
dan Remunerasi Perseroan telah mengadakan 3 (tiga) kali rapat          with details of the attendance rate as follows:
dengan rincian tingkat kehadiran sebagai berikut:




                                                                                           PT JACCS MPM Finance Indonesia
                                                                                        Laporan Tahunan 2023 Annual Report                    127
Page 130
                                                                                   accelerating innovation for further growth



Frekuensi Rapat dan Tingkat Kehadiran pada Tahun 2023               Meeting Frequency and Attendance Rate in 2023

Nama                      Jabatan                                      Jumlah Rapat              Kehadiran      Tingkat Kehadiran
Name                      Position                                 Number of Meetings           Attendance        Attendance Rate
Josaphat Budisatyawira    Ketua                                                     3                    3                  100%
                          Chairman
Toshiya Kaname            Anggota                                                   3                     3                     100%
                          Member
Benny Redjo Setyono       Anggota                                                   3                     3                     100%
                          Member


Tanggal                   Agenda Rapat
Date                      Meeting Agenda

24 Maret/March 2023       Membahas implementasi aktivitas Komite Nominasi dan Remunerasi Perseroan.
                          Discussion of the implementation of the Company’s Nomination and Remuneration Committee activities.

20 Juli/July 2023         Membahas implementasi aktivitas Komite Nominasi dan Remunerasi Perseroan.
                          Discussion of the implementation of the Company’s Nomination and Remuneration Committee activities.

22 November 2023          Membahas implementasi aktivitas Komite Nominasi dan Remunerasi Perseroan.
                          Discussion of the implementation of the Company’s Nomination and Remuneration Committee activities.


Program Pengembangan Kompetensi Tahun 2023                          Competency Development Program in 2023

Untuk pendidikan dan/atau pelatihan yang diikuti Komite Nominasi    Information on education and/or training attended by the
dan Remunerasi dapat dilihat pada Bab Profil Perseroan dalam        Nomination and Remuneration Committee can be seen in the
Laporan Tahunan ini.                                                Company Profile Chapter of this Annual Report.


Pelaksanaan Kegiatan Komite Tahun 2023                              Implementation of Committee Activities In 2023

Sepanjang tahun 2023, Komite Nominasi dan Remunerasi                In 2023, the Nomination and Remuneration Committee has carried
melaksanakan berbagai kegiatan sebagai berikut:                     out the following activities:
1. Memberikan rekomendasi kepada Dewan Komisaris terkait            1. Provide recommendations to the Board of Commissioners
   nominasi anggota Dewan Komisaris dan Direksi Perseroan.              regarding the nominations of members of the Board of
                                                                        Commissioners and Board of Directors of the Company.
2. Memberikan rekomendasi kepada Dewan Komisaris terkait            2. Provide recommendations to the Board of Commissioners
   nominasi anggota komite-komite di bawah Dewan Komisaris.             regarding the nominations of the Committee’s members under
                                                                        the Board of Commissioners.
3. Memberikan rekomendasi terkait sistem remunerasi bagi            3. Provide recommendations regarding the remunerations
   anggota Direksi dan Dewan Komisaris.                                 system for members of the Board of Directors and Boards of
                                                                        Commissioners.




             PT JACCS MPM Finance Indonesia
128          Laporan Tahunan 2023 Annual Report
Page 131
   Ikhtisar Kinerja | Performance Highlights          Profil Perseroan | Company Profile       Tata Kelola Perusahaan | Corporate Governance
                                                       Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                        Kinerja Keberlanjutan | Sustainability Performance
                                                    Management Discussion and Analysis




KOMITE PEMANTAU RISIKO
RISK MONITORING COMMITTEE


Keberadaan Komite Pemantau Risiko bertujuan untuk mendukung                 The existence of the Risk Monitoring Committee aims to support
pelaksanaan tugas dan tanggung jawab Dewan Komisaris dalam                  the implementation of the duties and responsibilities of the Board
melakukan pengawasan dan pemberian nasihat kepada Direksi                   of Commissioners in supervising and providing advice to the Board
dalam rangka mendapatkan keyakinan yang memadai supaya                      of Directors in order to obtain adequate confidence so that the
penerapan manajemen risiko Perseroan tetap terpenuhi unsur-                 implementation of the Company’s risk management continues to
unsur kecukupan prosedurnya dan metodologi pengelolaan risiko.              fulfill the elements of adequate procedures and risk management
Dengan demikian, kegiatan usaha Perseroan terkendali di ambang              methodology. Thus, the Company’s business activities are controlled
batas yang bisa ditoleransi dan menguntungkan untuk Perseroan.              within a threshold that is tolerable and profitable for the Company.


Dasar Hukum                                                                 Legal Basis

1. POJK No. 30/POJK.05/2014 tentang Tata Kelola Perusahaan                  1. POJK No. 30/POJK.05/2014 concerning Good Corporate
   yang Baik bagi Perusahaan Pembiayaan sebagaimana telah                      Governance for Finance Companies as amended by POJK No.
   diubah dengan POJK No. 29/POJK.05/2020 tentang Tata                         29/POJK.05/2020 concerning Good Corporate Governance
   Kelola Perusahaan yang Baik bagi Perusahaan Pembiayaan.                     for Finance Companies.
2. POJK No. 44/POJK.05/2020 tentang Penerapan Manajemen                     2. POJK No. 44/POJK.05/2020 concerning Implementation of
   Risiko Bagi Lembaga Jasa Keuangan Non-Bank.                                 Risk Management for Non-Bank Financial Services Institutions.
3. POJK No. 28/POJK.05/2020 tentang Penilaian Tingkat                       3. POJK No. 28/POJK.05/2020 concerning Assessment of the
   Kesehatan Lembaga Jasa Keuangan Non-Bank.                                   Soundness Level of Non-Bank Financial Services Institutions.
4. Surat Keputusan Sirkuler Dewan Komisaris tanggal 24 Maret                4. Circular Resolutions of the Board of Commissioners dated March 24,
   2021 mengenai Pembentukan Komite Pemantau Risiko.                           2021, concerning Establishment of the Risk Monitoring Committee.


Piagam Komite                                                               Committee Charter

Saat melaksanakan tugas, Komite Pemantau Risiko berpegangan                 In carrying out its duties, the Risk Monitoring Committee adheres
pada Piagam Komite Pemantau Risiko. Piagam ini mengatur tugas               to the Risk Monitoring Committee Charter. This charter regulates
dan tanggung jawab, keanggotaan, prosedur kerja, rapat, serta               the duties and responsibilities, membership, work procedures,
pelaksanaan kegiatan Komite.                                                meetings, and implementation of Committee activities.


Komposisi dan Masa Jabatan                                                  Composition and Term of Office

Anggota Komite Pemantau Risiko diangkat dan diberhentikan                   Members of the Risk Monitoring Committee are appointed and
berdasarkan keputusan Dewan Komisaris. Komposisi Komite                     dismissed based on the decree of the Board of Commissioners.
Pemantau Risiko paling kurang berjumlah 2 (dua) anggota, yang               The composition of the Risk Monitoring Committee is at least 2
terdiri dari:                                                               (two) members, consisting of:
1. 1 (satu) orang Komisaris Independen, sebagai Ketua merangkap             1. 1 (one) Independent Commissioner, as Chairman concurrently
    anggota.                                                                    member.
2. 1 (satu) orang dari Pihak Independen yang memiliki keahlian di           2. 1 (one) Independent Party with expertise in finance and/or risk
    bidang keuangan dan/atau manajemen risiko sebagai anggota.                  management as a member.


Komposisi Komite Pemantau Risiko pada tahun 2023 adalah                     The composition of the Risk Monitoring Committee in 2023 is as
sebagai berikut:                                                            follows:

Nama              Jabatan            Jabatan di Perseroan        Dasar Hukum Pengangkatan                                        Masa Jabatan
Name              Position           Position at the Company     Legal Basis of Appointment                                      Term of Office
Josaphat      Ketua                  Komisaris Independen        Surat Keputusan Sirkuler Dewan Komisaris Sebagai                   2023-2026
Budisatyawira Chairman               Independent                 Pengganti Rapat Dewan Komisaris tanggal 22 Februari
                                     Commissioner                2023
                                                                 Circular Resolution of the Board of Commissioners in
                                                                 lieu of the Meeting of the Board of Commissioners dated
                                                                 February 22, 2023



                                                                                                 PT JACCS MPM Finance Indonesia
                                                                                              Laporan Tahunan 2023 Annual Report               129
Page 132
                                                                                     accelerating innovation for further growth



Nama            Jabatan         Jabatan di Perseroan        Dasar Hukum Pengangkatan                                   Masa Jabatan
Name            Position        Position at the Company     Legal Basis of Appointment                                 Term of Office
Hendry          Anggota         Pihak Independen            Surat Keputusan Sirkuler Dewan Komisaris Sebagai              2021-2024
                Member          Independent Party           Pengganti Rapat Dewan Komisaris tanggal 24 Maret 2021
                                                            Circular Resolution of the Board of Commissioners in
                                                            lieu of the Meeting of the Board of Commissioners dated
                                                            March 24, 2021

Profil Komite Pemantau Risiko                                        Risk Monitoring Committee Profile

 JOSAPHAT BUDISATYAWIRA
 Ketua/Chairman
 Profil lengkap beliau telah diuraikan pada bab Profil Perseroan, subbab Profil Dewan Komisaris dalam Laporan Tahunan ini.
 His full profile has been described in the Good Corporate Governance chapter, Audit Committee subchapter of this Annual Report.



 HENDRY
 Anggota/Member
 Profil lengkap beliau telah diuraikan pada bab Tata Kelola Perusahaan, subbab Komite Audit dalam Laporan Tahunan ini.
 His full profile has been described in the Good Corporate Governance chapter, Audit Committee subchapter of this Annual Report.


Independensi Komite                                                  Independence of the Committee

Komite Pemantau Risiko dalam melaksanakan tugas dan tanggung         The Risk Monitoring Committee in carrying out its duties and
jawabnya senantiasa mengedepankan tingkat independensi dan           responsibilities always prioritizes a high level of independence and
profesionalisme yang tinggi serta menghindari adanya benturan        professionalism and avoids conflicts of interest.
kepentingan.


Tugas dan Tanggung Jawab                                             Duties and Responsibilities

Tugas dan tanggung jawab Komite Pemantau Risiko adalah               The duties and responsibilities of the Risk Monitoring Committee
sebagai berikut:                                                     are as follows:
1. Mengevaluasi dan mengkaji kebijakan dan strategi manajemen        1. Evaluating and reviewing risk management policies and
   risiko untuk dimintakan persetujuan Dewan Komisaris.                  strategies for approval of the Board of Commissioners.
2. Mengevaluasi kesesuaian antara pelaksanaan manajemen              2. Evaluating the suitability between the implementation of risk
   risiko dengan kebijakan manajemen risikonya.                          management and the risk management policy.
3. Memantau dan mengevaluasi pelaksanaan tugas Komite                3. Monitoring and evaluating the implementation of the duties of
   Manajemen Risiko dan unit-unit manajemen risiko.                      the Risk Management Committee and risk management units.
4. Menyelenggarakan rapat secara teratur/rutin.                      4. Holding regular/routine meetings.
5. Menyusun pedoman dan tata tertib kerja komite (charter) dan       5. Preparing guidelines and work procedures (charter) for the
   melakukan review sesuai kebutuhan paling kurang 2 (dua)               committee and conducting reviews as needed at least once
   tahun sekali.                                                         every 2 (two) years.


Rapat Komite Pemantau Risiko                                         Risk Monitoring Committee Meeting

Rapat Komite Pemantau Risiko diselenggarakan sesuai dengan           The Risk Monitoring Committee meeting is held in accordance with
kebutuhan Perseroan dan sekurang-kurangnya 1 (satu) kali setiap      the needs of the Company and at least once every 3 (three) months.
3 (tiga) bulan. Namun demikian, pelaksanaan rapat juga dapat         However, the meeting can also be held at any time (incidental) if
diadakan sewaktu-waktu (insidentil) apabila diminta oleh Dewan       requested by the Board of Commissioners or for important and
Komisaris atau terdapat kejadian penting dan mendesak yang           urgent events in its area of supervision.
terjadi di bidang area pengawasannya.




             PT JACCS MPM Finance Indonesia
130          Laporan Tahunan 2023 Annual Report
Page 133
   Ikhtisar Kinerja | Performance Highlights        Profil Perseroan | Company Profile        Tata Kelola Perusahaan | Corporate Governance
                                                     Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                     Kinerja Keberlanjutan | Sustainability Performance
                                                  Management Discussion and Analysis




Frekuensi Rapat dan Tingkat Kehadiran pada Tahun 2023                     Meeting Frequency and Attendance Rate in 2023
Sepanjang tahun 2023, Komite Pemantau Risiko telah mengadakan             Throughout 2023, the Risk Monitoring Committee held 6 (six)
6 (enam) kali rapat. Informasi tentang tingkat kehadiran dalam            meetings. Information on the attendance rate of the meeting is
rapat diuraikan pada tabel di bawah ini:                                  outlined in the table below:


Nama                          Jabatan                                       Jumlah Rapat                   Kehadiran       Tingkat Kehadiran
Name                          Position                                  Number of Meetings                Attendance         Attendance Rate
Josaphat Budisatyawira        Ketua                                                      5                         5                   100%
                              Chairman
Hendry                        Anggota                                                     6                          6                     100%
                              Member


Tanggal                       Agenda Rapat
Date                          Meeting Agenda

19 Januari/January 2023 Membahas perkembangan dari pelaksanaan manajemen risiko di Perseroan.
                        Discussion of the development of risk management implementation in the Company.

1 Maret/March 2023            Membahas perkembangan dari pelaksanaan manajemen risiko di Perseroan.
                              Discussion of the development of risk management implementation in the Company.

17 Mei/May 2023               Membahas perkembangan dari pelaksanaan manajemen risiko di Perseroan.
                              Discussion of the development of risk management implementation in the Company.

14 Juli/July 2023             Membahas perkembangan dari pelaksanaan manajemen risiko di Perseroan, dan hasil penilaian sendiri Ting-
                              kat Kesehatan dan Profil Risiko Perseroan.
                              Discussion of the development of risk management implementation in the Company and the results of the
                              Company’s self-assessment of the Company’s Soundness Level and Risk Profile.

15 September 2023             Membahas perkembangan dari pelaksanaan manajemen risiko di Perseroan.
                              Discussion of the development of risk management implementation in the Company.

17 November 2023              Membahas perkembangan dari pelaksanaan manajemen risiko di Perseroan.
                              Discussion of the development of risk management implementation in the Company.


Program Pengembangan Kompetensi Tahun 2023                                Competency Development Program in 2023

Untuk pendidikan dan/atau pelatihan yang diikuti Komite Peman-            Information on education and/or training attended by the Risk Mon-
tau Risiko dapat dilihat pada Bab Profil Perseroan dalam Laporan          itoring Committee can be seen in the Company Profile Chapter of
Tahunan ini.                                                              this Annual Report.


Pelaksanaan Kegiatan Komite Tahun 2023                                    Implementation of Committee Activities in 2023

Komite Pemantau Risiko telah melaksanakan berbagai kegiatan di            The Risk Monitoring Committee has carried out various activities
tahun 2023, antara lain:                                                  in 2023, including:
1. Memantau dan mengevaluasi pelaksanaan tugas Komite                     1. Monitoring and evaluating the implementation of the duties of
    Manajemen Risiko dan unit-unit manajemen risiko.                          the Risk Management Committee and risk management unit.
2. Menyelenggarakan rapat secara teratur/rutin.                           2. Holding regular/routine meetings.




                                                                                              PT JACCS MPM Finance Indonesia
                                                                                           Laporan Tahunan 2023 Annual Report                   131
Page 134
                                                                                         accelerating innovation for further growth



KOMITE-KOMITE DI BAWAH DIREKSI
COMMITTEES UNDER THE BOARD OF DIRECTORS


Pembentukan komite-komite di bawah Direksi bertujuan untuk           The establishment of committees under the Board of Directors aims
mendukung pelaksanaan tugas dan tanggung jawab Direksi               to support the implementation of the Board of Directors’ duties and
dengan mempertimbangkan kebutuhan Perseroan. Komite-komite           responsibilities while also considering the needs of the Company.
tersebut bertanggung jawab kepada Direksi dengan kewenangan          These committees are responsible to the Board of Directors with
untuk mengkaji, memberikan rekomendasi dan/atau memberikan           the authority to review, provide recommendations and/or provide
persetujuan atau keputusan.                                          approval or decisions.


Secara umum fungsi Komite adalah sebagai berikut:                    In general, the functions of the Committee are as follows:
1. Membantu Direksi merumuskan kebijakan dan strategi sesuai         1. Assisting the Board of Directors in formulating policies and
   dengan bidangnya masing-masing.                                       strategies in accordance with its respective field.
2. Membantu Direksi merumuskan pemecahan masalah.                    2. Assisting the Board of Directors in formulating problem- solving.
3. Memberikan masukan mengenai suatu masalah sesuai dengan           3. Providing input on a problem in accordance with its respective
   bidangnya.                                                            field.
4. Memantau dan mengevaluasi masalah sesuai dengan                   4. Monitoring and evaluating problems in accordance with its
   bidangnya.                                                            respective field.


Semua Komite di bawah Direksi melakukan rapat rutin setiap           All Committees under the Board of Directors hold regular meetings
bulan.                                                               every month.


Komite Manajemen Risiko
Risk Management Committee (RMC)
Kategori Risiko                                                      Risk Category
Seluruh Profil Risiko                                                All Risk Profiles

Anggota Komite                                                       Committee Member
• Direksi                                                            • Board of Directors
• Seluruh Divisi yang menerapkan manajemen risiko                    • All Divisions implementing risk management

Tujuan                                                               Objective
Memastikan proses kaji ulang secara berkala pada penerapan           Ensuring that the periodic review process on the application of
kebijakan dan prosedur manajemen risiko berjalan secara efektif      risk management policies and procedures runs effectively in all
di seluruh unit kerja yang berkaitan sehingga risiko yang dihadapi   related work units so that the risks to be faced can be minimized
dapat diminimalisir dan terjaga dengan baik.                         and properly maintained.

Early Alert Committee (EAC)
Kategori Risiko                                                      Risk Category
Risiko Kredit pada segmen debitur korporasi                          Credit risk in the corporate debtor segment

Anggota Komite                                                       Committee Member
• Direksi                                                            • Board of Directors
• Divisi Credit Risk, Fraud & Operational Risk Management            • Credit Risk, Fraud & Operational Risk Management Division
• Departemen Special Asset Management                                • Specials Asset Management Department
• Manajer Regional Bisnis Korporasi                                  • Corporate Business Regional Manager

Tujuan                                                               Objective
Meninjau portofolio bisnis korporasi secara umum serta akun yang     Reviewing the Company’s overall corporate business portfolio and
masuk dalam peringatan dini, termasuk pergerakan akun-akun           the accounts included in the early warning, including the movement
tersebut (keluar dan masuk dari peringatan dini) dan mengambil       of these accounts (out and in from the early warning) and taking the
tindakan yang dibutuhkan untuk pengembangan dan penyelesaian         necessary actions for the development and resolution of problems.
masalah.




               PT JACCS MPM Finance Indonesia
132            Laporan Tahunan 2023 Annual Report
Page 135
    Ikhtisar Kinerja | Performance Highlights       Profil Perseroan | Company Profile        Tata Kelola Perusahaan | Corporate Governance
                                                     Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                       Kinerja Keberlanjutan | Sustainability Performance
                                                  Management Discussion and Analysis




Retail Alert Committee (RAC)
Kategori Risiko                                                           Risk Category
Risiko kredit pada segmen debitur retail                                  Credit risk in the retail debtor segment

Anggota Komite                                                            Committee Member
• Direksi                                                                 • Board of Directors
• Divisi Credit Risk, Fraud & Operational Risk Management                 • Credit Risk, Fraud & Operational Risk Management Division
• Divisi Business Development                                             • Business Development Division
• Divisi Sales & Marketing                                                • Sales & Marketing Division
• Divisi Collection                                                       • Collection Division
• Divisi General Affair, Asset Management & Operations                    • General Affair, Assets Management & Operations Division

Tujuan                                                                    Objective
Mengkaji portofolio bisnis ritel secara menyeluruh dan mengambil          Reviewing the overall retail business portfolio and taking corrective
langkah-langkah perbaikan guna meningkatkan kualitas dan                  steps to improve the quality and profitability of each product.
profitabilitas dari setiap produk.

Asset and Liability Committee (ALCO)
Kategori Risiko                                                           Risk Category
Risiko Pasar, Risiko Likuiditas                                           Market Risk, Liquidity Risk

Anggota Komite                                                            Committee Member
• Direksi                                                                 • Board of Directors
• Divisi Finance & Accounting                                             • Finance & Accounting Division
• Divisi Bank Relations                                                   • Bank Relations Division

Tujuan                                                                    Objective
1. Memberikan arahan strategis dan pengawasan efektif atas                1. Providing strategic direction and effective supervision of liquidity
   manajemen risiko likuiditas, manajemen risiko pasar (risiko suku          risk management, market risk management (interest rate risk and
   bunga dan risiko nilai tukar) serta struktur aset dan liabilitas.         exchange rate risk) as well as asset and liability structures.
2. Memastikan proses yang komprehensif dalam mengidentifikasi,            2. Ensuring a comprehensive process for identifying, measuring,
   mengukur, memantau, mengendalikan, dan melaporkan risiko                  monitoring, controlling and reporting liquidity risk and market
   likuiditas dan risiko pasar (risiko suku bunga dan risiko nilai           risk (interest rate risk and exchange rate risk).
   tukar).
3. Memastikan tersedianya kebijakan, prosedur dan ambang                  3. Ensuring the availability of adequate policies, procedures and
   batas yang memadai untuk memitigasi risiko likuidasi dan risiko           thresholds to mitigate liquidation risk and market risk (interest
   pasar (risiko suku bunga dan risiko nilai tukar).                         rate risk and exchange rate risk).

Operational Risk Management Committee (ORMC)
Kategori Risiko                                                           Risk Category
Risiko Operasional, Risiko Hukum, Risiko Reputasi                         Operational Risk, Legal Risk, Reputational Risk

Anggota Komite                                                            Committee Member
• Direksi                                                                 • Board of Directors
• Divisi Credit Risk, Fraud & Operational Risk Management                 • Credit Risk, Fraud & Operational Risk Management Division
• Divisi Sales & Marketing                                                • Sales & Marketing Division
• Divisi Business Development                                             • Business Development Division
• Divisi Legal, Litigation & Compliance                                   • Legal, Litigation & Compliance Division
• Divisi Collection                                                       • Collection Division
• Divisi General Affair, Asset Management & Operations                    • General Affair, Asset Management & Operations Division

Tujuan                                                                    Objective
Meninjau risiko operasional terhadap kejadian risiko yang telah           Review the operational risks in relation to risk events that have
terjadi maupun yang akan datang serta menentukan tindakan                 occurred or will occur in the future in order to determine the
pencegahan dan/atau perbaikan yang diperlukan.                            necessary preventive and/or corrective actions.




                                                                                               PT JACCS MPM Finance Indonesia
                                                                                            Laporan Tahunan 2023 Annual Report                    133
Page 136
                                                                                        accelerating innovation for further growth



Customer Experience Committee (CEC)
Kategori Risiko                                                     Risk Category
Risiko Operasional, Risiko Hukum, Risiko Reputasi                   Operational Risk, Legal Risk, Reputational Risk

Anggota Komite                                                      Committee Member
• Direksi                                                           • Board of Directors
• Divisi Sales & Marketing                                          • Sales & Marketing Division
• Divisi Collection                                                 • Collection Division
• Divisi Credit Risk, Fraud & Operational Risk Management           • Credit Risk, Fraud & Operational Risk Management Division
• Divisi General Affair, Asset Management & Operations              • General Affair, Asset Management & Operations Division
• Departemen Customer Relation & Customer Care                      • Customer Relations & Customer Care Department

Tujuan                                                              Objective
1. Memastikan penyelesaian keluhan debitur tertangani dengan        1. Ensuring that debtor’s complaints are handled properly.
   baik.
2. Memastikan perjalanan debitur (Customer Experience Journey)      2. Ensuring the Customer/Debtor Experience Journey at the
   Perseroan telah berjalan dengan baik sesuai regulasi yang           Company has been running well in accordance with applicable
   berlaku.                                                            regulations.
3. Melakukan evaluasi terhadap pelayanan pelanggan dan              3. Evaluating customer services and handling debtor’s complaints
   penanganan keluhan debitur untuk pelayanan prima.                   for excellent service.
4. Melakukan evaluasi pencapaian tim Contact Center, terdiri dari   4. Evaluating the achievements of the Contact Center team,
   Telesales, Teleservice, dan Telecollection.                         consisting of Telesales, Teleservice, and Telecollection.

IT Steering Committee
Kategori Risiko                                                     Risk Category
Seluruh Profil Risiko                                               All Risk Profiles

Anggota Komite                                                      Committee Member
• Direksi                                                           • Board of Directors
• Divisi Information Technology                                     • Information Technology Division
• Divisi Credit Risk, Fraud & Operational Management                • Credit Risk, Fraud & Operational Risk Management Division
• Divisi Sales & Marketing                                          • Sales & Marketing Division
• Divisi Finance & Accounting                                       • Finance & Accounting Division
• Divisi Collection                                                 • Collection Division
• Divisi General Affair, Asset Management & Operations              • General Affair, Asset Management & Operations DIvision

Tujuan                                                              Objective
1. Mengoptimalkan penggunaan Teknologi Informasi (TI) untuk         1. Optimizing the use of Information Technology (IT) to enhance
   meningkatkan efektivitas dan efisiensi kegiatan operasional         the effectiveness and efficiency of operational activities and
   serta meningkatkan kualitas pelayanan kepada pelanggan              improve the quality of service to customers to support the
   untuk mendukung strategi bisnis Perseroan.                          Company’s business strategy.
2. Mengelola dan mengendalikan kemungkinan risiko yang              2. Managing and controlling possible risks of IT to protect the
   muncul dalam hal penggunaan TI untuk melindungi kepentingan         interests of the Company and its customers.
   Perseroan dan para pelanggan.
3. Memastikan bahwa implementasi operasional TI telah berjalan      3. Ensuring that the implementation of IT operations has been
   secara efektif dan efisien sesuai dengan kebijakan TI termasuk      carried out effectively and efficiently in accordance with IT
   regulasi dan hukum yang berlaku.                                    policies including applicable regulations and laws.




               PT JACCS MPM Finance Indonesia
134            Laporan Tahunan 2023 Annual Report
Page 137
   Ikhtisar Kinerja | Performance Highlights     Profil Perseroan | Company Profile      Tata Kelola Perusahaan | Corporate Governance
                                                  Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                  Kinerja Keberlanjutan | Sustainability Performance
                                               Management Discussion and Analysis




SEKRETARIS PERUSAHAAN
CORPORATE SECRETARY


Sebagai organ pendukung yang berada di bawah koordinasi                As a supporting organ under the coordination of the Board
Direksi, Sekretaris Perusahaan berperan penting dalam                  of Directors, the Corporate Secretary plays an important role
memfasilitasi komunikasi antar organ Perseroan, hubungan               in facilitating communication between the Company’s organs
antara Perseroan dengan pemegang saham, regulator seperti              and maintaining the relationship between the Company and
OJK dan pemangku kepentingan lainnya. Sekretaris Perusahaan            shareholders, regulators such as OJK and other stakeholders. The
bertanggung jawab dalam memastikan kepatuhan Perseroan                 Corporate Secretary is responsible for ensuring the Company’s
terhadap peraturan perundang-undangan di bidang pasar modal.           compliance with laws and regulations on capital market.


Profil Sekretaris Perusahaan                                           Corporate Secretary Profile
SUVIANA
Dasar Pengangkatan                                                     Basis of Appointment
Surat Keputusan Direksi No. 116/LGL-MPMF/SKDIR/VI/2019 tanggal         Decree of the Board of Directors No. 116/LGLMPMF/SK-DIR/VI/2019
24 Juni 2019.                                                          on 24 June 2019
Usia                                                                   Age
42 tahun                                                               42 years old
Kewarganegaraan                                                        Citizenship
Indonesia                                                              Indonesian
Riwayat Pendidikan                                                     Educational Background
Sarjana Teknik Industri, Universitas Bina Nusantara (2003)             Bachelor of Industrial Engineering, University of Bina Nusantara
                                                                       (2003)
Riwayat Karier                                                         Career History
• Promotion and Branding Department Head Perseroan (2016-              • Promotion and Branding Department Head of the Company
  2019)                                                                  (2016-2019)
• Promotion and Media Communication Perseroan (2015-2016)              • Promotion and Media Communication of the Company (2015-2016)
• Service Assistant Manager Perseroan (2007-2015)                      • Service Assistant Manager of the Company (2007-2015)
• Quality Service Specialist PT BFI Finance Indonesia Tbk (2004-       • Quality Service Specialist at PT BFI Finance Indonesia Tbk
  2007)                                                                  (2004-2007)

Tugas dan Tanggung Jawab Sekretaris Perusahaan                         Duties and Responsibilities of the Corporate Secretary

Tugas dan tanggung jawab Sekretaris meliputi:                          The duties and responsibilities of Corporate Secretary include:
1. Mengikuti perkembangan pasar modal khususnya peraturan              1. Keep abreast of capital market development, especially the
   perundang-undangan yang berlaku di pasar modal.                        prevailing capital market regulations.
2. Memberikan masukan kepada Direksi dan Dewan Komisaris               2. Provide input to the Board of Directors and the Board of
   untuk mematuhi ketentuan peraturan perundang-undangan di               Commissioners to comply with the capital market regulations.
   bidang pasar modal.
3. Membantu Direksi dan Dewan Komisaris dalam pelaksanaan              3. Assist the Board of Directors and the Board of Commissioners
   Tata Kelola Perusahaan yang meliputi:                                  in the implementation of Good Corporate Governance which
                                                                          includes:
   a. Keterbukaan informasi kepada masyarakat, termasuk                   a. Information disclosure to public, including through the
      melalui situs web Perseroan.                                             Company’s website.
   b. Penyampaian laporan kepada OJK tepat waktu.                         b. Submission of reports to OJK in timely manner.
   c. Penyelenggaraan dan dokumentasi RUPS.                               c. Implementation and documentation of GMS.
   d. Penyelenggaraan dan dokumentasi rapat Direksi dan/                  d. Organize and document meetings of the Board of Directors
      atau Dewan Komisaris.                                                    and/or Board of Commissioners.
   e. Pelaksanaan program orientasi mengenai Perseroan bagi               e. Implementation of an orientation program regarding the
      Direksi dan/atau Dewan Komisaris.                                        Company for the Board of Directors and/or the Board of
                                                                               Commissioners.
4. Sebagai penghubung antara Perseroan dengan pemegang                 4. Acts as a liaison between the Company and shareholders, OJK
   saham, OJK dan pemangku kepentingan lainnya.                           and other stakeholders.




                                                                                          PT JACCS MPM Finance Indonesia
                                                                                       Laporan Tahunan 2023 Annual Report                135
Page 138
                                                                                    accelerating innovation for further growth



Program Pengembangan Kompetensi Tahun 2023                           Competency Development Program in 2023

Sepanjang tahun 2023, Sekretaris Perusahaan mengikuti berbagai       Throughout 2023, the Corporate Secretary attended various
program pengembangan kompetensi sebagai berikut:                     competency development programs as follows:


 Materi Pendidikan dan Pelatihan                                                            Penyelenggara     Tanggal
 Material of Education and Training                                                         Organizer         Date
 Workshop Implementasi Kebijakan Pengelolaan Aset Informasi Perusahaan                      MPM Group         13 Juni/June 2023
 Workshop on Implementation of Company Information Asset Management Policy

 Compliance Refreshment Emiten dan Perusahaan Publik                                        OJK               22 Agustus/August
 Compliance Refreshment for Issuers and Public Companies                                                      2023

 Corcomm 101 “Sharing Session: Tantangan hadapi isu & keluhan dari Gojek”                   MPM Group         15 September 2023
 Corcomm 101 “Sharing Session: Challenges in dealing with issues & complaints from Gojek”

 Corcomm 101 w/ Jojo S. Nugroho “Reputasi dan Isu Management”                               MPM Group         17 Oktober/October
 Corcomm 101 w/ Jojo S. Nugroho “Reputation and Issue Management”                                             2023

 Sertifikasi Dasar Managerial                                                               SPPI              19-26 Oktober/
 Basic Managerial Certification                                                                               October 2023



Pelaksanaan Kegiatan Tahun 2023                                      Implementation of Activities in 2023

Di tahun 2023, Sekretaris Perusahaan telah melaksanakan              In 2023, the Corporate Secretary has carried out the following
berbagai kegiatan sebagai berikut:                                   activities:
1. Menyelenggarakan dan menghadiri rapat Direksi, rapat Dewan        1. Organizing and attending meetings of the Board of Directors,
    Komisaris dan rapat komite di bawah Dewan Komisaris.                 the Board of Commissioners, and committee under the Board
                                                                         of Commissioners.
2. Membuat dan mendokumentasikan risalah rapat yang                  2. Preparing and documenting minutes of meetings.
   diselenggarakan.
3. Mengikuti perkembangan peraturan pasar modal serta                3. Keeping abreast of developments of the capital market
   memberikan masukan kepada Direksi maupun Dewan                       regulations and providing input to the Board of Directors and
   Komisaris khususnya terkait dengan dikeluarkannya peraturan          the Board of Commissioners, particularly in relation to the
   baru dari otoritas pasar modal maupun dari OJK.                      issuance of new regulations from the capital market authority
                                                                        and from the OJK.
4. Melakukan keterbukaan informasi kepada masyarakat melalui         4. Conducting information disclosure to public through the
   situs web Perseroan, dan melaporkan kepada Bursa Efek                Company’s website, and reporting to the Indonesia Stock
   Indonesia maupun OJK setiap informasi yang bersifat material.        Exchange and OJK any material information.
5. Mengkoordinasikan penyelenggaraan kegiatan edukasi,               5. Coordinating the implementation of the Company’s education,
   literasi dan inklusi Perseroan.                                      literacy and inclusion activities.
6. Mempersiapkan Laporan Tahunan Perseroan.                          6. Preparing the Company’s Annual Report.
7. Mempersiapkan dan menyampaikan laporan-laporan berkala            7. Preparing and submitting periodic and incidental reports that
   dan insidental yang wajib disampaikan kepada Bursa Efek              must be submitted to the Indonesia Stock Exchange and OJK.
   Indonesia dan OJK.




              PT JACCS MPM Finance Indonesia
136           Laporan Tahunan 2023 Annual Report
Page 139
   Ikhtisar Kinerja | Performance Highlights     Profil Perseroan | Company Profile        Tata Kelola Perusahaan | Corporate Governance
                                                  Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                    Kinerja Keberlanjutan | Sustainability Performance
                                               Management Discussion and Analysis




AUDIT INTERNAL
INTERNAL AUDIT


Sesuai dengan Peraturan OJK No. 56/POJK.04/2015 tentang                In accordance with the OJK Regulation No. 56/ POJK.04/2015
Pembentukan dan Pedoman Penyusunan Piagam Unit Audit Internal          the Establishment of Internal Audit Unit and Guideline for Internal
(POJK 56/2015), Unit Audit Internal ini dibentuk sebagai bentuk        Audit Unit Charter (POJK 56/2015), an Internal Audit Unit has been
kepatuhan Perseroan terhadap peraturan yang berlaku, serta             established as a manifestation of the Company’s compliance with
untuk memberikan keyakinan yang memadai atas pengendalian              applicable regulations, and to provide reasonable assurance on its
internal Perseroan termasuk di dalamnya mendeteksi apabila ada         internal control including therein to detect deviations, if any, from
penyimpangan terhadap Prosedur Operasional Standar Perseroan.          the Company’s Standard Operating Procedures.


Penunjukan Kepala Divisi Audit Internal telah memenuhi                 The appointment of the Internal Audit Division Head has met the
persyaratan yang diatur dalam POJK No. 30/POJK.05/2014 tentang         requirements stipulated in POJK No. 30/POJK.05/2014 concerning
Tata Kelola Perusahaan Yang Baik Bagi Perusahaan Pembiayaan            Good Corporate Governance for Finance Companies and POJK
dan POJK No. 56/POJK.04/2015 tentang Pembentukan dan                   No. 56/POJK.04/2015 concerning the Establishment of Internal
Pedoman Penyusunan Piagam Unit Audit Internal.                         Audit Unit and Guideline for Internal Audit Unit Charter.


Profil Kepala Divisi Audit Internal                                    Internal Audit Division Head Profile
RINO BAYU IRAWAN
Dasar Pengangkatan                                                     Basis of Appointment
Surat Keputusan Direktur Utama No. 349/LGL-JMFI/SK-DIR/                Decree of the President Director No. 349/LGL-JMFI/SK-DIR/XI/2021
XI/2021 tanggal 01 November 2021.                                      dated November 1, 2021.
Usia                                                                   Age
47 tahun                                                               47 years old
Kewarganegaraan                                                        Citizenship
Indonesia                                                              Indonesian
Riwayat Pendidikan                                                     Educational Background
Sarjana Ekonomi, Jurusan Akuntansi, di STIE YPKP Bandung (1995)        Bachelor of Economics, majoring in Accountancy, at STIE YPKP
                                                                       Bandung (1995)
Riwayat Karier                                                         Career History
• Kepala Divisi Internal Audit di PT Nissan Financial Services         • Head of Internal Audit Division at PT Nissan Financial Services
  Indonesia (2018-2021)                                                  Indonesia (2018-2021)
• Kepala Divisi Internal Audit di PT CIMB Niaga Auto Finance           • Head of Internal Audit Division at PT CIMB Niaga Auto Finance
  Indonesia (2015-2018)                                                  Indonesia (2015-2018)


Piagam Unit Audit Internal                                             Internal Audit Unit Charter

Dalam menjalankan tugas dan tanggung jawabnya, Unit Audit              In carrying out its duties and responsibilities, the Internal Audit Unit
Internal berpedoman pada Piagam Unit Audit Internal yang               is guided by the Internal Audit Unit Charter which was established
dibentuk sejak tanggal 1 Januari 2022 dan memuat tentang:              on January 1, 2022 and contains:
1. Pendahuluan                                                         1. Introduction
2. Visi dan Misi Audit Internal                                        2. Vision and Mission of Internal Audit
3. Independensi dan Persyaratan                                        3. Independence and Requirements
4. Tugas, Kewenangan dan Tanggung jawab                                4. Duties, Authorities and Responsibilities
5. Struktur Organisasi, Objektifitas dan Profesionalisme               5. Organizational Structure, Objectivity and Professionalism
6. Kode Etik                                                           6. Code of Conduct
7. Aktivitas Audit Internal                                            7. Internal Audit Activity
8. Penutup                                                             8. Closing


Struktur dan Kedudukan                                                 Structure and Position

Dalam struktur organisasi, Unit Internal Audit Perseroan berada        In the organizational structure, the Company’s Internal Audit Unit
di bawah Direktur Utama. Audit Internal Perseroan bertanggung          is under the President Director. The Company’s Internal Audit is
jawab dan melapor secara langsung kepada Direktur Utama dan            responsible for and reports directly to the President Director and



                                                                                            PT JACCS MPM Finance Indonesia
                                                                                         Laporan Tahunan 2023 Annual Report                    137
Page 140
                                                                                             accelerating innovation for further growth



secara fungsional kepada Dewan Komisaris melalui Komite Audit.            functionally to the Board of Commissioners through the Audit
Selain itu, terdapat beberapa ketentuan lain sebagaimana tertuang         Committee. In addition, there are several other provisions as stated
dalam Piagam Audit Internal sebagai berikut:                              in the Internal Audit Charter as follows:
1. Audit Internal Perseroan dipimpin oleh Kepala Divisi Audit             1. The Company’s Internal Audit is led by the Head of Internal
    Internal yang diangkat dan diberhentikan oleh Direktur                     Audit who is appointed and dismissed by the President
    Utama dengan persetujuan Dewan Komisaris berdasarkan                       Director upon approval of the Board of Commissioners based
    rekomendasi Komite Audit.                                                  on the recommendation of the Audit Committee.
2. Auditor Internal bertanggung jawab secara langsung kepada              2. The Internal Auditor is directly responsible to the Head of
    Kepala Divisi Audit Internal.                                              Internal Audit.
3. Direksi Perseroan memberikan dukungan penuh kepada Audit               3. The Company’s Board of Directors provides full support
    Internal untuk bekerja secara independen tanpa pengaruh                    to Internal Audit to work independently without any form
    dalam bentuk apa pun. Aktivitas Audit Internal harus bebas                 of influence. The Internal Audit activity must be free from
    intervensi dalam penentuan ruang lingkup audit, pelaksanaan                intervention in determining the scope of the audit, conducting
    audit dan komunikasi hasil audit.                                          audits, and communicating audit results.
4. Audit Internal Perseroan harus independen dari aktivitas yang          4. The Company’s Internal Audit must be independent from
    diaudit dan harus dilakukan dengan tidak memihak, keahlian                 the activities being audited and must be carried out with
    yang memadai dan kecermatan profesional.                                   impartiality, adequate expertise, and professional care.


                                                                 Direktur Utama
                                                                 President Director
                                                                 KAZUHIRO INOUE


                                                          Kepala Divisi Audit Internal
                                                           Head of Internal Audit Division
                                                              RINO BAYU IRAWAN




            Head Office, IT, & Continuous Audit                        Branch Office & Thematic Department
                    Department Head                                                    Head
                SYAHBANDI PRASTOWO                                               SANTOSO HERU



 Head Office Audit                                           Branch Office Audit Specialist                                  Development
    Specialist           IT Audit      Continuous                                                     Thematic Audit          & QA Audit
                        Specialist    Audit Specialist     BAGUS P, JUHANDRI, STANLEY AP,               Specialist
 SISKA D, ASTRID                                                                                                               Specialist
                        ABDUL M          DENNI H           CHRISTIANO M, TESSA J, BAMBANG                 (TBA)                  (TBA)
      P, TBA



Tugas dan Tanggung Jawab                                                  Duties and Responsibilities

Audit Internal mengemban tugas dan tanggung jawab sebagai                 The Internal Audit carries out duties and responsibilities as
berikut:                                                                  follows:
1. Ruang lingkup tugas Audit Internal meliputi seluruh unit kerja di      1. The scope of duties for Internal Audit includes all work units in
    Perseroan. Ruang lingkup tugas ditetapkan untuk mengevaluasi               the Company. The scope of duties is determined to evaluate
    tata kelola, manajemen risiko, dan proses pengendalian                     the Company’s governance, risk management, and control
    Perseroan dengan penjabaran sebagai berikut, yaitu:                        processes with the following description:
    a. Melakukan identifikasi dari semua risiko Perseroan yang                 a. Identify all the Company’s risks that can be formed.
         dapat terbentuk.
    b. Penerapan Tata Kelola Perusahaan.                                       b. Implementation of Corporate Governance.
    c. Memastikan kesesuaian, kebenaran dan keakuratan                         c. Ensure the suitability, truth, and accuracy of the Company’s
         mengenai informasi keuangan, teknologi informasi,                        information on finance, information technology, human
         sumber daya manusia, bisnis, dan operasional Perseroan.                  resources, business, and operations.
    d. Memastikan tindakan karyawan sesuai dengan                              d. Ensure that the actions of employees are in accordance
         kebijakan, hukum, dan peraturan yang berlaku.                            with applicable policies, laws, and regulations.
    e. Memperoleh sumber daya diterapkan secara ekonomis,                      e. Ensure that resources are applied economically, their use
         penggunaannya secara efisien serta program, rencana                      is efficient, and programs, plans and objectives are well
         dan sasaran tercapai dengan baik.                                        achieved.




              PT JACCS MPM Finance Indonesia
138           Laporan Tahunan 2023 Annual Report
Page 141
   Ikhtisar Kinerja | Performance Highlights       Profil Perseroan | Company Profile        Tata Kelola Perusahaan | Corporate Governance
                                                    Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                      Kinerja Keberlanjutan | Sustainability Performance
                                                 Management Discussion and Analysis




   f. Terdapatnya       perbaikan   berkesinambungan      yang                f. There is continuous quality improvement in the Company’s
      berkualitas di dalam proses pengendalian Perseroan.                        control process.
   g. Pengetahuan, kesadaran, dan pemahaman dari seluruh                      g. Knowledge, awareness, and understanding of all Company
      Organ Perseroan akan peraturan perundang-undangan                          Organs regarding the applicable laws and regulations.
      yang berlaku.                                                           h. Identify improvements that can be made to management
   h. Mengidentifikasi perbaikan yang dapat dilakukan terhadap                   control and the Company’s reputation that will be included
      pengendalian manajemen dan reputasi Perseroan yang                         in the audit.
      akan tercantum dalam pemeriksaan.
2. Audit Internal Perseroan bertanggung jawab untuk:                     2. The Company’s Internal Audit is responsible to:
   a. Menyusun rencana audit tahunan berdasarkan metodologi                 a. Prepare a risk-based methodology annual audit plan
      berbasis risiko, dan menyampaikan rencana audit tahunan                  and submit it to the President Director and the Board of
      kepada Direktur Utama dan kepada Dewan Komisaris                         Commissioners through the Audit Committee.
      melalui Komite Audit.
   b. Mengimplementasikan rencana audit tahunan, termasuk                     b. Implement the annual audit plan, including special
      tugas khusus atau proyek yang diminta oleh Direksi atau                    assignments or projects requested by the Board of
      oleh Dewan Komisaris melalui Komite Audit.                                 Directors or by the Board of Commissioners through the
                                                                                 Audit Committee.
   c.   Menguji dan mengevaluasi pelaksanaan pengendalian                     c. Test and evaluate the implementation of internal control
        internal dan sistem manajemen risiko sesuai dengan                       and risk management system in accordance with the
        kebijakan Perseroan.                                                     Company’s policies.
   d.   Memastikan tersedianya jumlah anggota audit yang                      d. Ensure the availability of a sufficient number of internal
        cukup dengan pengetahuan, keahlian, dan pengalaman                       auditors who have adequate knowledge, expertise, and
        yang memadai serta bersertifikasi profesional untuk                      experience and are professionally certified to carry out
        melaksanakan audit.                                                      audits.
   e.   Melakukan aktivitas audit dan memberikan penilaian atas               e. Conduct audit activities and provide an assessment
        efisiensi dan efektivitas di bidang keuangan, akuntansi,                 of efficiency and effectiveness in finance, accounting,
        operasional, sumber daya manusia, pemasaran, teknologi                   operations, human resources, marketing, information
        informasi, dan kegiatan lainnya.                                         technology, and other activities.
   f.   Membuat laporan hasil audit dan menyampaikan laporan                  f. Make a report on audit results and submit the report to the
        tersebut kepada pihak yang diaudit dengan tembusan                       audited party with a copy to the President Director, related
        kepada Direktur Utama, Direktur terkait, dan unit lain yang              Directors, and other relevant units.
        berkepentingan.
   g.   Melaksanakan tindak lanjut atas temuan dan rekomendasi                g. Follow-up on audit findings and recommendations. All
        audit. Seluruh temuan audit yang signifikan akan tetap                   significant audit findings will remain “unfinished” until the
        berstatus “belum selesai” sampai temuan diselesaikan.                    findings are finalized.
   h.   Menginformasikan status tindakan perbaikan atas temuan                h. Inform the status of corrective actions on audit findings
        audit dan rekomendasi hasil audit, kepada Direksi dan                    and recommendations on audit results, to the Board of
        Dewan Komisaris melalui Komite Audit.                                    Directors and the Board of Commissioners through the
                                                                                 Audit Committee.
   i.   Menyiapkan tolok ukur penilaian keberhasilan kinerja dan              i. Prepare benchmarks for assessing the success of performance
        pencapaian tujuan Audit Internal.                                        and the achievement of Internal Audit objectives.
   j.   Membuat dan menyimpan kertas kerja pemeriksaan yang                   j. Create and maintain adequate audit work papers in
        memadai sesuai peraturan yang berlaku.                                   accordance with applicable regulations.
   k.   Melaksanakan Quality Assurance and Improvement                        k. Implement Quality Assurance and Improvement Programs
        Programs (QAIP) yang mencakup seluruh aspek aktivitas                    (QAIP) covering all aspects of Internal Audit activities. The
        Audit Internal. QAIP tersebut meliputi evaluasi integritas               QAIP includes an evaluation of the auditor’s integrity in
        auditor dalam menerapkan kode etik. QAIP juga menilai                    implementing the code of conduct. QAIP also assesses the
        efisiensi dan efektivitas aktivitas Audit Internal serta                 efficiency and effectiveness of Internal Audit activities and
        mengidentifikasi peluang untuk perbaikan.                                identifies opportunities for improvement.




                                                                                              PT JACCS MPM Finance Indonesia
                                                                                           Laporan Tahunan 2023 Annual Report                139
Page 142
                                                                                     accelerating innovation for further growth



Wewenang                                                             Authorities

1. Audit Internal Perseroan berwenang untuk:                         1.   The Company’s Internal Audit is authorized to:
   a. Melakukan akses yang tidak terbatas ke semua aktivitas,             a. Perform unrestricted access to all activities, functions,
      fungsi, pencatatan, keuangan, teknologi informasi dan                  records, finance, information technology and personnel in
      personel dalam hal komunikasi di Perseroan terkait                     terms of communication in the Company related to their
      dengan tugas dan fungsinya.                                            duties and functions.
   b. Memiliki akses yang penuh dan bebas, langsung kepada                b. Have full and free access, directly to the Board of Directors
      Direksi dan kepada Dewan Komisaris melalui Komite                      and to the Board of Commissioners through the Audit
      Audit.                                                                 Committee.
   c. Mengalokasikan sumber daya, menetapkan frekuensi,                   c. Allocate resources, define frequency, select subjects,
      memilih subjek, menentukan ruang lingkup pekerjaan,                    determine scope of work, and apply techniques needed to
      dan menerapkan teknik yang dibutuhkan untuk mencapai                   achieve audit objectives.
      tujuan audit.
   d. Mendapatkan bantuan personil dari unit-unit kerja di              d. Obtain personnel assistance from work units in the Company
      Perseroan di mana audit dilaksanakan, serta jasa khusus              where the audit is carried out, as well as other special services
      lainnya (jika diperlukan) dari dalam maupun luar Perseroan.          (if needed) from within and outside the Company.
2. Audit Internal Perseroan tidak berwenang untuk:                   2. The Company’s Internal Audit is not authorized to:
   a. Melaksanakan tugas operasional Perseroan dan/atau                 a. Carry out the operational duties of the Company and/or
      pihak lainnya.                                                       other parties.
   b. Menginisiasi dan menyetujui transaksi akuntansi kecuali           b. Initiate and approve accounting transactions except for
      untuk kepentingan Audit Internal Perseroan                           the Company’s Internal Audit.
   c. Mengarahkan kegiatan-kegiatan dari karyawan yang tidak            c. Direct the activities of employees who are not employed
      dipekerjakan oleh Audit Internal Perseroan, kecuali karyawan         by the Company’s Internal Audit unless the employee is
      tersebut secara jelas ditugaskan sebagai tim pemeriksa atau          clearly assigned as the audit team or is seconded to the
      diperbantukan untuk Audit Internal Perseroan.                        Company’s Internal Audit.


Rapat Unit Audit Internal                                            Internal Audit Unit Meeting

Sebagaimana diatur dalam Piagam Audit Internal, Unit Audit           As stipulated in the Internal Audit Charter, the Internal Audit Unit
Internal wajib menyelenggarakan rapat secara berkala dengan          shall hold regular meetings with the Board of Directors, Board
Direksi, Dewan Komisaris, dan/atau Komite Audit. Pelaksanaan         of Commissioners and/ or the Audit Committee. Meetings can
rapat juga dapat diadakan sewaktu-waktu (insidental) apabila         also be held at any time (incidental) if requested by the Board of
diminta oleh Dewan Komisaris atau terdapat kejadian penting dan      Commissioners or in case of important and urgent events in the
mendesak yang terjadi di bidang area pengawasannya.                  area of their supervision.


Frekuensi dan Agenda Rapat Tahun 2023                                Meeting Frequency and Agenda in 2023
Sepanjang tahun 2023, Unit Audit Internal telah melakukan            Throughout 2023, the Internal Audit Unit has discussed the
pembahasan agenda rapat sebagai berikut:                             following meeting agenda:

 Tanggal                                                             Agenda Rapat
 Date                                                                Meeting Agenda
 18 Januari/January 2023                                             Audit Committee Meeting
 26 Januari/January 2023                                             Monthly Audit Progress of January Updated to CEO
 28 Februari/February 2023                                           Monthly Audit Progress of February Updated to CEO
 15 Maret/March 2023                                                 Audit Committee Meeting
 30 Maret/March 2023                                                 Monthly Audit Progress of March Updated to CEO
 8 Mei/May 2023                                                      Monthly Audit Progress of April Updated to CEO
 17 Mei/May 2023                                                     Audit Committee Meeting
 31 Mei/May 2023                                                     Monthly Audit Progress of May Updated to CEO
 3 Juli/July 2023                                                    Monthly Audit Progress of June Updated to CEO
 7 Juli/July 2023                                                    Executive Summary Semester I 2023 with BOD
 13 Juli/July 2023                                                   Audit Committee Meeting




              PT JACCS MPM Finance Indonesia
140           Laporan Tahunan 2023 Annual Report
Page 143
       Ikhtisar Kinerja | Performance Highlights          Profil Perseroan | Company Profile           Tata Kelola Perusahaan | Corporate Governance
                                                           Analisis dan Diskusi Manajemen
    Laporan Manajemen | Management Report                                                             Kinerja Keberlanjutan | Sustainability Performance
                                                        Management Discussion and Analysis




    Tanggal                                                                      Agenda Rapat
    Date                                                                         Meeting Agenda
    3 Agustus/August 2023                                                        Monthly Audit Progress of July Updated to CEO
    11 September 2023                                                            Monthly Audit Progress of August Updated to CEO
    13 September 2023                                                            Audit Committee Meeting
    27 September 2023                                                            Monthly Audit Progress of September Updated to CEO
    6 November 2023                                                              Monthly Audit Progress of October Updated to CEO
    15 November 2023                                                             Audit Committee Meeting
    13 Desember/December 2023                                                    Internal Audit End Year Report and Internal Audit Plan 2024 with
                                                                                 BOD


Kualifikasi atau Sertifikasi Profesi Audit Internal                             Internal Audit Professional Qualification or Certification

-     Sertifikasi Qualified Internal Audit Tingkat Dasar                        -     Certified Basic Qualified Internal Audit
-     Sertifikasi Internal Auditor Profesional                                  -     Certified Internal Audit Professional
-     Sertifikasi Auditor Teknologi Informasi Profesional                       -     Certified Information Technology Auditor Professional
-     Profesional Analisis Laporan Keuangan                                     -     Financial Statement Analysis Professional


Program Pengembangan Kompetensi Tahun 2023                                      Competency Development Program in 2023

Sepanjang tahun 2023, Unit Audit Internal mengikuti sejumlah                    Throughout 2023, the Internal Audit Unit attended a number of
program pengembangan kompetensi sebagai berikut:                                competency development programs as follows:


    Nama                                 Jabatan                                    Materi Pendidikan dan          Tanggal               Penyelenggara
    Name                                 Position                                   Pelatihan                      Date                  Organizer
                                                                                    Education and Training
                                                                                    Material
    1. Bagus Pratama                     Branch Office Audit Specialist             Workshop Internal Audit        24 Januari/           Revolution Mind
    2. Juhandri                          Branch Office Audit Specialist             Profesional                    January 2023          Indonesia
    3. Stanley Adhitama Putra            Branch Office Audit Specialist
    4. Christiano Mecca                  Branch Office Audit Specialist
    5. Tessa Jogo                        Branch Office Audit Specialist
    6. Siska Desylawati                  Head Office Audit Specialist
    7. Astrid Pristyanova                Head Office Audit Specialist
    1. Bagus Pratama                     Branch Office Audit Specialist             Invitation Online Training     21 Februari/          Human Capital
    2. Juhandri                          Branch Office Audit Specialist             7 Habits - Batch 3             February 2023
    3. Stanley Adhitama Putra            Branch Office Audit Specialist
    4. Christiano Mecca                  Branch Office Audit Specialist
    5. Tessa Jogo                        Branch Office Audit Specialist
    6. Siska Desylawati                  Head Office Audit Specialist
    7. Astrid Pristyanova                Head Office Audit Specialist
    1. Bagus Pratama                     Branch Office Audit Specialist             Time Management                3 Maret/March         Human Capital
    2. Juhandri                          Branch Office Audit Specialist                                            2023
    3. Stanley Adhitama Putra            Branch Office Audit Specialist
    4. Christiano Mecca                  Branch Office Audit Specialist
    5. Tessa Jogo                        Branch Office Audit Specialist
    6. Siska Desylawati                  Head Office Audit Specialist
    7. Astrid Pristyanova                Head Office Audit Specialist
    8. Syahbandi Prastowo                Head Office, IT & Continuous Audit
    9. Rino Bayu Irawan                  Dept Head
                                         Internal Audit Division Head
    1. Bagus Pratama                     Branch Office Audit Specialist             Sertifikasi QIA tingkat        3 – 17 April 2023     YPIA
    2. Stanley Adhitama Putra            Branch Office Audit Specialist             Dasar
                                                                                    Basic level QIA
                                                                                    Certification
    1. Juhandri                          Branch Office Audit Specialist             Sertifikasi Internal Audit     28 – 29 Januari/      Revolution Mind
    2. Christiano Mecca                  Branch Office Audit Specialist             Professional                   January 2023          Indonesia
    3. Tessa Jogo                        Branch Office Audit Specialist             Certified Internal Audit
    4. Siska Desylawati                  Head Office Audit Specialist               Professional




                                                                                                        PT JACCS MPM Finance Indonesia
                                                                                                     Laporan Tahunan 2023 Annual Report                    141
Page 144
                                                                                     accelerating innovation for further growth



Nama                           Jabatan                               Materi Pendidikan dan           Tanggal             Penyelenggara
Name                           Position                              Pelatihan                       Date                Organizer
                                                                     Education and Training
                                                                     Material
1. Bagus Pratama               Branch Office Audit Specialist        Training Communication          17 Juli/July 2023   Human Capital
2. Juhandri                    Branch Office Audit Specialist        and Influence People
3. Stanley Adhitama Putra      Branch Office Audit Specialist
4. Christiano Mecca            Branch Office Audit Specialist
5. Tessa Jogo                  Branch Office Audit Specialist
6. Siska Desylawati            Head Office Audit Specialist
7. Astrid Pristyanova          Head Office Audit Specialist
1. Bagus Pratama               Branch Office Audit Specialist        Fraud Prevention and            24 Oktober/         MPM Holding
2. Juhandri                    Branch Office Audit Specialist        Detection: A Continuous         October 2023
3. Stanley Adhitama Putra      Branch Office Audit Specialist        Challenge
4. Christiano Mecca            Branch Office Audit Specialist
5. Tessa Jogo                  Branch Office Audit Specialist
6. Siska Desylawati            Head Office Audit Specialist
7. Astrid Pristyanova          Head Office Audit Specialist
8. Denni Himawan               Continuous Audit Specialist
9. Abdul Mursid                IT Audit Specialist
10. Syahbandi Prastowo         Head Office, IT & Continuous Audit
11. Santoso Heru               Dept Head
12. Rino Bayu Irawan           Branch Office & Thematic Dept Head
                               Internal Audit Division Head
Denni Himawan                  Continuous Audit Specialist           Certified Information           19 Juni/June        Dilatih.Co
                                                                     Technology Auditor              2023
                                                                     Professional
1. Denni Himawan               Continuous Audit Specialist           Data Analitik Untuk             28-29 Agustus/      YPIA
2. Abdul Mursid                IT Audit Specialist                   Auditor Internal                August 2023
                                                                     Data Analytics for Internal
                                                                     Auditors
Astrid Pristyanova             Head Office Audit Specialist          Financial Statement             27-28 November      Revolution Mind
                                                                     Analysis Professional           2023                Indonesia
1. Bagus Pratama               Branch Office Audit Specialist        1.   Internal Audit Plan        7-8 Januari/
2. Juhandri                    Branch Office Audit Specialist             2023                       January 2023
3. Stanley Adhitama Putra      Branch Office Audit Specialist        2.   Sharing materi             3 Februari/
4. Christiano Mecca            Branch Office Audit Specialist             Certified Internal Audit   February 2023
5. Tessa Jogo                  Branch Office Audit Specialist             Professional
6. Siska Desylawati            Head Office Audit Specialist          3.   Audit Behaviour            2 Mei/May 2023
7. Astrid Pristyanova          Head Office Audit Specialist               Approach
8. Denni Himawan               Continuous Audit Specialist           4.   Job Objective 2023         9 Juni/June 2023
                                                                                                                      Internal IAD
9. Abdul Mursid                IT Audit Specialist                   5.   Rekap Finding              9 Oktober/
10. Syahbandi Prastowo         Head Office, IT & Continuous Audit         Struktur Kredit –          October 2023
11. Santoso Heru               Dept Head                                  Penyimpangan 2023
12. Rino Bayu Irawan           Branch Office & Thematic Dept Head         Recap Finding Credit       18 Desember/
                               Internal Audit Division Head               Structure - 2023           December 2023
                                                                          Deviation
                                                                     6.   10 Skills Internal Audit
                                                                          Should Have


Pelaksanaan Tugas Unit Tahun 2023                                   Implementation of Duties in 2023
Sepanjang tahun 2023, Unit Audit Internal telah melaksanakan        Throughout 2023, the Internal Audit Unit has carried out the
tugas-tugas sebagai berikut:                                        following duties:
1. Audit Internal telah melaksanakan proses audit kepada 39         1. Internal Audit has carried out an audit process on 39 branches
    cabang dan 6 unit kerja di kantor pusat, serta melakukan             and 6 work units at the head office, as well as a special review
    peninjauan khusus terhadap implementasi:                             of the implementation of:
    a) Proses kredit dan penanganan kredit bermasalah baik               a) Credit process and handling of non-performing loans both
       untuk pembiayaan retail dan korporasi, serta proses                   in the retail and corporate finance sector, as well as other
       operasional lainnya.                                                  operational processes.
    b) Pelaksanaan audit kepatuhan sesuai dengan ketentuan               b) Implementation of compliance audit in accordance with
       OJK yang terdiri dari:                                                OJK regulations which consists of:
       - Sistem Layanan Informasi Keuangan (SLIK).                           - Financial Information Service System (SLIK).
       - Teknologi Informasi (TI).                                           - Information Technology (IT).



             PT JACCS MPM Finance Indonesia
142          Laporan Tahunan 2023 Annual Report
Page 145
       Ikhtisar Kinerja | Performance Highlights     Profil Perseroan | Company Profile        Tata Kelola Perusahaan | Corporate Governance
                                                      Analisis dan Diskusi Manajemen
     Laporan Manajemen | Management Report                                                    Kinerja Keberlanjutan | Sustainability Performance
                                                   Management Discussion and Analysis




          - AntiPencucian Uang, Pencegahan Pendanaan                             - Anti-Money Laundering, Counter-Terrorist Financing,
         Terorisme, dan Pencegahan Pendanaan Proliferasi                            and Counter-Proliferation Financing of Weapons of Mass
         Senjata Pemusnah Massal (APU PPT dan PPPSPM).                              Destruction (AML-CFT and CPF)
      - Customer Care dan Customer Relation.                                     - Customer Care and Customer Relation.
2. Joint Audit dengan MPM Group untuk Finance, Accounting                  2. Joint Audit with MPM Group for Finance Accounting & Tax.
   dan Tax.
3. Menyampaikan hasil audit dan rekomendasi kepada Direksi                 3. Deliver audit results and recommendations to the Board of
   dan Komite Audit serta unit kerja terkait secara berkala.                  Directors and the Audit Committee and related work units on
                                                                              a regular basis.
4. Melakukan pertemuan dengan Direksi dan Komite Audit                     4. Conduct regular meetings with the Board of Directors and the
   secara berkala untuk membahas perkembangan kinerja audit                   Audit Committee to discuss developments in internal audit
   internal.                                                                  performance.
5. Melakukan pertemuan dengan Komite Audit secara berkala                  5. Conduct regular meetings with the Audit Committee to discuss
   untuk membahas perkembangan kinerja audit internal.                        developments in internal audit performance.




SISTEM PENGENDALIAN INTERNAL
INTERNAL CONTROL SYSTEM


Pengendalian Keuangan dan Operasional                                      Financial and Operational Control

Sistem Pengendalian Internal (SPI) merupakan bagian integral               The Internal Control System (ICS) is an integral part of the
dari Perseroan untuk penerapan tata kelola Perusahaan yang                 Company for implementing Good Corporate Governance.
baik. Implementasi SPI secara efektif membantu Perseroan dalam             Implementation of ICS effectively assists the Company in financial
pengendalian keuangan dan operasional, menjamin tersedianya                and operational control, to ensure the availability of accurate
informasi dan laporan yang akurat, meningkatkan kepatuhan                  information and reports, to improve compliance with applicable
terhadap ketentuan dan peraturan perundang-undangan                        laws and regulations, and to reduce the risk of losses, deviation
yang berlaku, serta mengurangi risiko terjadinya kerugian,                 and violations of the principle of prudence.
penyimpangan dan pelanggaran terhadap prinsip kehati-hatian.


Penerapan sistem pengendalian internal dimulai dari penetapan              The implementation of internal control system begins from setting
sasaran dan strategi di seluruh organisasi, identifikasi kemungkinan       goals and strategies throughout the organization, identifying the
terjadinya suatu kejadian yang dapat mempengaruhi sasaran dan              possibility of an event that may affect the intended objectives and
strategi dimaksud, dan pengelolaan risiko agar tetap berada dalam          strategies, and managing risk in order to remain within tolerance
batas toleransi. Hal ini dilakukan guna memberikan keyakinan               limits. These aims at providing adequate assurance to achieve the
yang memadai dalam rangka pencapaian tujuan Perseroan.                     Company’s objectives.


Dalam menerapkan pengendalian internal, Perseroan memiliki 3               In implementing internal control, the Company has 3 (three) layers
(tiga) lapis pertahanan yang dikelola secara efektif sebagai berikut:      of defense that are managed effectively as follows:


1.     Pertahanan Lapis Pertama dilaksanakan oleh risk officer/unit/       1.   The First Line of Defense is carried out by risk officers/units/
       fungsi bisnis/karyawan yang melakukan aktivitas operasional              business functions/employees who are running the Company’s
       Perseroan sehari-hari, terutama yang merupakan garis depan               daily operations, especially those in the frontline or spearhead
       atau ujung tombak organisasi. Seluruh karyawan harus                     of the organization. All employees must understand all policies,
       dipastikan memahami seluruh kebijakan, SOP yang ditetapkan               SOPs set by the Company.
       Perseroan.


2. Pertahanan Lapis Kedua dilaksanakan oleh fungsi-fungsi                  2. The Second Line of Defense is carried out by operational risk
   manajemen risiko operasional dan kepatuhan, yang                           management and compliance functions, which are responsible
   bertanggung jawab dalam mengembangkan, memantau dan                        for developing, monitoring, and ensuring the adequacy of risk
   memastikan kecukupan mitigasi risiko, kebijakan dan prosedur,              mitigation, policies, and procedures, ensuring coordination or



                                                                                                PT JACCS MPM Finance Indonesia
                                                                                             Laporan Tahunan 2023 Annual Report                    143
Page 146
                                                                                     accelerating innovation for further growth



   memastikan koordinasi atau fasilitas aktivitas pengelolaan             facilitating overall risk management activities and overseeing
   risiko secara menyeluruh serta melakukan pengawasan fungsi             business functions in corridors of risk management policies
   bisnis dalam koridor kebijakan manajemen risiko dan SOP                and SOPs set by the Company.
   yang ditetapkan Perseroan.
3. Pertahanan Lapis Ketiga dilaksanakan oleh Audit Internal          3. The Third Line of Defense is implemented by Internal Audit to
   yang akan memastikan secara independen bahwa semua                   independently ensure that all residual risk has been managed
   risiko residual telah dikelola sesuai dengan toleransi risiko        according to the approved risk tolerance.
   yang telah disetujui.


Selain itu, Perseroan juga memiliki rencana yang komprehensif        In addition, the Company also has a comprehensive plan
berisikan langkah-langkah untuk dilakukan selama dan setelah         containing measures to be taken during and after an emergency
terjadinya keadaan darurat yang diatur dalam Business Continuity     which are regulated in Business Continuity Management (BCM)
Management (BCM) yang meliputi:                                      which includes:


1.   Business Contingency Plan (BCP)                                 1.   Business Contingency Plan (BCP)
     BCP adalah perencanaan yang difokuskan untuk                         BCP is a plan that focuses on maintaining the continuity of
     mempertahankan kelangsungan fungsi bisnis saat terjadi               business functions in the event of a critical disruption caused
     gangguan kritis yang disebabkan oleh bencana alam atau               by a natural or manmade disaster that has the potential to
     yang dibuat oleh manusia yang berpotensi menyebabkan                 cause losses so as to minimize the effects of disruptions and to
     kerugian sehingga dapat meminimalisir efek gangguan dan              keep running the business.
     untuk memungkinkan bisnis terus berlangsung.


2. Disaster Recovery Plan (DRP)                                      2. Disaster Recovery Plan (DRP)
   DRP adalah suatu perencanaan menyeluruh mengenai tindakan            DRP is a comprehensive plan of actions to be taken prior to,
   yang harus diambil sebelum, selama dan setelah suatu peristiwa       during, and after an event that causes information system
   yang menyebabkan suatu gangguan sistem informasi. Tujuan             disruption. The DRP aims to overcome crisis conditions so as
   DRP yaitu menanggulangi kondisi krisis agar proses kegiatan          to enable the Company’s operational activities to keep running
   operasional Perseroan tetap berjalan dengan baik ketika              properly in case of a server system downtime by using a
   terjadi downtime system server dengan menggunakan sistem             backup system prepared in advance.
   cadangan (back up system) yang telah dipersiapkan.


3. Emergency Response Plan (ERP)                                     3. Emergency Response Plan (ERP)
   ERP adalah suatu strategi perencanaan untuk mengantisipasi           ERP is a planning strategy to anticipate and deal with
   dan menanggulangi keadaan darurat dengan membentuk                   emergencies by establishing a team that has the duties
   suatu tim yang mempunyai tugas dan tanggung jawab untuk              and responsibilities to provide rescue actions in case of an
   memberikan tindakan penyelamatan pada saat terjadi keadaan           emergency.
   darurat.


Untuk mengawasi dan mengendalikan potensi kecurangan (fraud)         To supervise and control the potential fraud, the Company has
yang dapat terjadi, Perseroan membentuk beberapa satuan kerja        established several work units as follows:
sebagai berikut:
1. Unit Kerja Fraud Detection                                        1.   Fraud Detection Unit
   Berfungsi untuk mengawasi dan mengendalikan potensi                    Functions to supervise and control the potential for fraud in
   kecurangan (fraud) pada aplikasi pembiayaan yang diterima              financing applications received by the Company.
   oleh Perseroan.
2. Unit Kerja Fraud Investigation                                    2. Fraud Investigation Unit
   Berfungsi untuk mengawasi dan mengendalikan potensi                  Functions to supervise and control the potential for fraud in all
   kecurangan (fraud) pada semua lini proses kerja baik di lingkup      lines of work processes within the branch office and the head
   kantor cabang maupun kantor pusat.                                   office.


Kepatuhan terhadap Peraturan Perundang-Undangan                      Compliance with Law and Regulations

Perseroan berkomitmen kuat untuk selalu menjalankan bisnis           The Company is strongly committed to always carry out sound
yang sehat dan senantiasa berlandaskan pada peraturan                business practices that are always based on the prevailing laws
perundang-undangan yang berlaku di Indonesia. Oleh karena itu,       and regulations in Indonesia, especially those relevant to the
Perseroan senantiasa berupaya memperbaharui seluruh proses           Company’s business activities. Therefore, the Company always



              PT JACCS MPM Finance Indonesia
144           Laporan Tahunan 2023 Annual Report
Page 147
   Ikhtisar Kinerja | Performance Highlights     Profil Perseroan | Company Profile       Tata Kelola Perusahaan | Corporate Governance
                                                  Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                   Kinerja Keberlanjutan | Sustainability Performance
                                               Management Discussion and Analysis




bisnis dan aturan internalnya secara berkesinambungan sesuai           strives to update its entire business processes and internal
dengan perubahan peraturan perundang-undangan terkini yang             regulations continuously in accordance with changes in the latest
relevan dengan aktivitas bisnis dan operasional Perseroan.             laws and regulations that are relevant to the Company’s business
                                                                       activities and operations.


Tinjauan atas Efektivitas Sistem Pengendalian                          Review of the Effectiveness of the Internal Control
Internal Tahun 2023                                                    System in 2023

Pada tahun 2023, tidak terdapat temuan signifikan, baik dari           In 2023, there were no significant findings, both from the results
hasil proses audit internal maupun audit eksternal, yang dapat         of the internal and external audit process, which could affect the
memengaruhi kewajaran dan keandalan laporan keuangan                   fairness and reliability of the Company’s financial statements.
Perseroan. Hasil ini dapat tercapai berkat adanya komitmen             This was due to the Company’s strong commitment to always
Perseroan yang kuat untuk selalu menerapkan Sistem Pengendalian        implement Internal Control System. Throughout the year, the
Internal. Sepanjang tahun Perseroan senantiasa mengevaluasi            Company continuously evaluated and updated all applicable
dan memperbarui seluruh Standard Operating Procedures yang             Standard Operating Procedures in the Company to support the
berlaku di Perseroan guna mendukung efektivitas seluruh kegiatan       effectiveness of all activities of the Internal Control System.
Sistem Pengendalian Internal.


Pernyataan Dewan Komisaris dan Direksi atas                            Statement of the Board of Commissioners and
Kecukupan Sistem Pengendalian Internal                                 Board of Directors on the Adequacy of the Internal
                                                                       Control System

Dewan Komisaris dan Direksi telah meninjau pelaksanaan Sistem          The Board of Commissioners and Board of Directors have reviewed
Pengendalian Internal Perseroan dan menyatakan bahwa Sistem            the implementation of the Company’s Internal Control System and
Pengendalian Internal pada tahun 2023 berjalan efektif.                stated that the Internal Control System ran effectively in 2023.




AUDITOR EKSTERNAL
EXTERNAL AUDITOR


Perseroan memastikan bahwa Laporan Keuangan Perseroan                  The Company ensures that its Financial Statements for the
untuk Tahun Buku yang berakhir tanggal 31 Desember 2023 telah          fiscal year ending December 31, 2023 have been audited by an
diaudit dengan menggunakan jasa auditor eksternal independen           independent external auditor appointed by the Company, namely
yang telah ditunjuk oleh Perseroan, yaitu Kantor Akuntan Publik        Public Accounting Firm Siddharta Widjaja & Rekan (KPMG), based
Siddharta Widjaja & Rekan (KPMG), berdasarkan Surat Keputusan          on the Circular Resolution of the Company’s Shareholders in
Sirkuler Pemegang Saham Perseroan sebagai Pengganti dari Rapat         lieu of the Extraordinary General Meeting of Shareholders dated
Umum Pemegang Saham Luar Biasa tertanggal 22 September                 September 22, 2023.
2023.


Penunjukan Kantor Akuntan Publik (KAP) sebagai Auditor Eksternal       The appointment of Public Accounting Firm as External Auditor
merupakan bagian dari upaya Perseroan menjamin independensi            is a part of the Company’s efforts to ensure an independent
atas penyajian laporan keuangan Perseroan serta pemenuhan              preparation of the Company’s financial statements and pursuant to
ketentuan Pasal 68 ayat (1) sub (c) UUPT dan POJK No. 9 Tahun          the provisions of Article 68 paragraph (1) sub (c) UUPT and POJK
2023 Tentang Penggunaan Jasa Akuntan Publik dan Kantor                 No. 9 of 2023 Regarding the Use of Public Accountant Services
Akuntan Publik dalam Kegiatan Jasa Keuangan. Biaya untuk               and Public Accounting Firms in Financial Services Activities. The
jasa audit laporan keuangan pada tanggal dan tahun berakhir            fee for the audit of the financial statements as of and for the year
31 Desember 2023 adalah sebesar Rp1.905.000.000 dan biaya              ended 31 December 2023 is IDR1,905,000,000 and the fee for
untuk jasa lainnya adalah sebesar Rp76.432.569.                        other services is IDR76,432,569.




                                                                                           PT JACCS MPM Finance Indonesia
                                                                                        Laporan Tahunan 2023 Annual Report                145
Page 148
                                                                                         accelerating innovation for further growth



Berikut adalah informasi mengenai KAP yang ditunjuk Perseroan            The following is information regarding the Public Accounting Firm
selama 5 (lima) tahun terakhir:                                          appointed by the Company for the last 5 (five) years:

  Tahun                                                                                         Jenis Jasa
  Buku      Kantor Akuntan Publik      Nama Akuntan                                           Type of Service
  Fiscal    Public Accounting Firm     Accountant Name                Jasa Audit                        Jasa Lainnya
   Year                                                              Audit Service                      Other Service
   2023     Kantor Akuntan Publik      Liana Lim, S.E., CPA     Audit Laporan         Memeriksa Laporan Kegiatan Penerapan Prinsip
            Public Accounting Firm                              Keuangan              Kehati-hatian dalam Pengelolaan Utang Luar Negeri
            Siddharta Widjaja &                                 Audit of Financial    (Laporan KPPK).
            Rekan                                               Statements            To examine Report on Implementation of Prudential
                                                                                      Principles in the Management of Offshore Borrowing.
   2022     Kantor Akuntan Publik      Liana Lim, S.E., CPA     Audit Laporan         ∙ Memeriksa Laporan Kegiatan Penerapan Prinsip
            Public Accounting Firm                              Keuangan                Kehati-hatian dalam Pengelolaan Utang Luar
            Siddharta Widjaja &                                 Audit of Financial      Negeri (Laporan KPPK).
            Rekan                                               Statements            ∙ Menerbitkan comfort letter untuk penerbitan
                                                                                        obligasi.
                                                                                      ∙ To examine Report on Implementation of
                                                                                        Prudential Principles in the Management of
                                                                                        Offshore Borrowing.
                                                                                      ∙ To issue comfort letter for bond issuance.
   2021     Kantor Akuntan Publik      Liana Lim, S.E., CPA     Audit Laporan         Memeriksa Laporan Kegiatan Penerapan Prinsip
            Public Accounting Firm                              Keuangan              Kehati-hatian dalam Pengelolaan Utang Luar Negeri
            Siddharta Widjaja &                                 Audit of Financial    (Laporan KPPK).
            Rekan                                               Statements            To examine Report on Implementation of Prudential
                                                                                      Principles in the Management of Offshore Borrowing
   2020     Kantor Akuntan Publik      Rialiany Arista Ku, S.E., Audit Laporan        Memeriksa Laporan Kegiatan Penerapan Prinsip
            Public Accounting Firm     CPA                       Keuangan             Kehati-hatian dalam Pengelolaan Utang Luar Negeri
            Siddharta Widjaja &                                  Audit of Financial   (Laporan KPPK).
            Rekan                                                Statements           To examine Report on Implementation of Prudential
                                                                                      Principles in the Management of Offshore Borrowing.
   2019     Kantor Akuntan Publik      Rialiany Arista Ku, S.E., Audit Laporan        ∙ Memeriksa Laporan Kegiatan Penerapan Prinsip
            Public Accounting Firm     CPA                       Keuangan               Kehati-hatian dalam Pengelolaan Utang Luar
            Siddharta Widjaja &                                  Audit of Financial     Negeri (Laporan KPPK).
            Rekan                                                Statements           ∙ Menerbitkan comfort letter untuk penerbitan
                                                                                        obligasi.
                                                                                      ∙ To examine Report on Implementation of
                                                                                        Prudential Principles in the Management of
                                                                                        Offshore Borrowing.
                                                                                      ∙ To issue comfort letter for bond issuance.




PENILAIAN RISIKO ATAS PENERAPAN
KEUANGAN BERKELANJUTAN [E.3]
RISK ASSESSMENT ON THE IMPLEMENTATION OF SUSTAINABLE FINANCE


Perseroan melaksanakan penilaian risiko atas penerapan                   The Company conducts risk assessment on the implementation
keuangan berkelanjutan sebagai bagian yang tidak terpisahkan             of sustainable finance as an integral part of the Company’s
dari keseluruhan sistem manajemen risiko Perseroan. Uraian               overall risk management system. A description of the Company’s
manajemen risiko Perseroan, mencakup dasar penerapan, sistem             risk management, including the basis of implementation, risk
manajemen risiko, serta jenis-jenis risiko yang dihadapi dan upaya       management system, as well as the types of risks to be faced and
mitigasi terhadap masing-masing jenis risiko adalah sebagai              mitigation efforts against each type of risk are as follows:
berikut:




              PT JACCS MPM Finance Indonesia
146           Laporan Tahunan 2023 Annual Report
Page 149
   Ikhtisar Kinerja | Performance Highlights      Profil Perseroan | Company Profile        Tata Kelola Perusahaan | Corporate Governance
                                                   Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                     Kinerja Keberlanjutan | Sustainability Performance
                                                Management Discussion and Analysis




Sistem Manajemen Risiko                                                 Risk Management System

Sebagai Perusahaan yang bergerak di bidang pembiayaan,                  As a company operating in the financing sector, the Company faces
Perseroan menghadapi berbagai risiko bisnis yang bersumber              various business risks stemming from changes in the external
dari perubahan lingkungan eksternal dan internal yang berkaitan         and internal environment related to business management and
dengan pengelolaan usaha serta berdampak pada pencapaian                impacting the achievement of the Company’s objectives.
tujuan Perseroan.


Oleh karena itu, Direksi senantiasa berupaya melakukan kajian           Therefore, the Board of Directors always strives to conduct risk
risiko untuk menetapkan kebijakan yang tepat dalam pengambilan          studies to determine the right policies in the decision-making.
keputusan.


Dalam menerapkan SIstem Manajemen Risiko, Perseroan mengacu             To implement Risk Management System, the Company adheres to
pada beberapa peraturan terkait, antara lain:                           some relevant regulations, including:
1. POJK No. 44/POJK.05/2020 tentang Penerapan Manajemen                 1. POJK No. 44/POJK.05/2020 concerning the Implementation of
    Risiko bagi Lembaga Jasa Keuangan Non-Bank                              Risk Management for Non-Bank Financial Services Institutions
2. POJK No. 28/POJK.05/2020 tentang Penilaian Tingkat                   2. POJK No. 28/ POJK.05/2020 concerning Assessment of the
    Kesehatan Lembaga Jasa Keuangan Non- Bank                               Soundness Level of Non-Bank Financial Services Institutions
3. SEOJK No. 15/SEOJK.05/2016 tentang Penerapan Tata Kelola             3. SEOJK No. 15/SEOJK.05/2016 concerning the Implementation
    Perusahaan yang Baik                                                    of Good Corporate Governance, and
4. SEOJK No. 11/SEOJK.05/2020 tentang Penilaian Tingkat                 4. SEOJK No. 11/SEOJK.05/2020 concerning Assessment of the
    Kesehatan Perusahaan Pembiayaan dan Perusahaan                          Soundness Level of Finance Companies and Sharia Finance
    Pembiayaan Syariah.                                                     Companies.


Penerapan Sistem Manajemen Risiko di Perseroan meliputi hal- hal        The implementation of the Risk Management System in the
sebagai berikut:                                                        Company includes the following:
1. Pengawasan aktif Direksi dan Dewan Komisaris                         1. Active supervision of the Board of Directors and Board of
                                                                           Commissioners
   Pengawasan aktif Direksi dan Dewan Komisaris dilakukan                  Active supervision by the Board of Directors and the Board
   pada penyusunan dan pelaksanaan kebijakan dan strategi                  of Commissioners is carried out in the preparation and
   manajemen risiko sesuai dengan tingkat risk appetite dan risk           implementation of risk management policies and strategies in
   tolerance Perseroan, hal ini dapat dilihat dari pembentukan             accordance with the level of risk appetite and risk tolerance of
   Komite yang aktif dalam mengawasi 8 (delapan) profil risiko.            the Company. This can be seen from the establishment of an
                                                                           active Committee in overseeing 8 (eight) risk profiles.


2. Kecukupan kebijakan, prosedur, dan penetapan limit risiko            2. Adequacy of policies, procedures, and determination of risk
                                                                           limit
   Kebijakan dan prosedur manajemen risiko sudah cukup                     Risk management policies and procedures are sufficient to
   mencakup 8 (delapan) profil risiko yang diatur dalam regulasi.          include 8 (eight) risk profiles that are defined in regulations.
   Masing-masing profil risiko memiliki kebijakan dan prosedur             Each risk profile has policies and procedures listed on the
   yang diinventaris dalam situs web kebijakan internal Perseroan.         Company’s internal policy website.


   Penetapan limit risiko ditentukan melalui pendelegasian                   Determination of risk limits is carried out through the delegation
   wewenang mencakup wewenang kredit yaitu kewenangan                        of authority which includes credit authority – the authority
   terkait persetujuan kredit, kewenangan biaya yaitu                        related to credit approval; cost authority – the authority related
   kewenangan terkait pengeluaran biaya yang terjadi maupun                  to expenses incurred as well as the provision of interest;
   pemberian penetapan bunga, kewenangan operasional yaitu                   operational authority – the authority related to processes,
   kewenangan terkait proses, dokumen, sumber daya manusia                   documents, involved human resource, and the application of
   yang terlibat, dan penerapan sistem yang dinamis.                         dynamic systems.


   Hal lain menyangkut penetapan limit risiko adalah penetapan               Other subject regarding setting the risk limit is the determination
   batas maksimum pemberian pembiayaan untuk intra-business                  of the maximum limit of financing to intra- business related to
   yang terkait dengan Perseroan, limit pembiayaan per debitur               the Company, financing limit per debtor, and risk concentration
   dan konsentrasi risiko di setiap lini industri yang dibiayai.             in every line of industry to finance.




                                                                                              PT JACCS MPM Finance Indonesia
                                                                                           Laporan Tahunan 2023 Annual Report                   147
Page 150
                                                                                        accelerating innovation for further growth



3. Kecukupan proses, identifikasi, pengukuran, pemantauan,              3. Adequacy of process, identification, measurement,
   dan pengendalian risiko                                                 monitoring, and control of risk
   Identifikasi jenis risiko melekat (inherent) dilakukan atas setiap      Identification of the inherent risk type is conducted on each
   produk dan aktivitas usaha untuk mengetahui kemungkinan                 product and business activities to determine the potential risks
   timbulnya risiko dan dampak yang diakibatkan.                           and their impacts.


    Pengukuran risiko dilakukan sebagai bahan evaluasi hasil                Risk measurement is conducted as an evaluation of the results
    penerapan manajemen risiko.                                             of risk management implementation.


    Pengukuran eksposur risiko dilakukan berdasarkan parameter              Measurement of risk exposure is carried out based on risk
    risiko yang ditetapkan dan disesuaikan dengan kompleksitas              parameters defined and adjusted in line with the complexity of
    produk dan aktivitas Perseroan. Pemantauan dan pengendalian             the Company’s products and activities. Monitoring and control
    dilakukan pada eksposur risiko dan limit risiko serta pelaporan         are carried out on the risk exposure and risk limits as well as
    berkala kepada Komite Manajemen Risiko.                                 regular reporting to the Risk Management Committee.


4. Sistem informasi manajemen risiko                                    4. Risk management information system
   Perseroan memiliki data warehouse khusus pengelolaan sistem             The Company has a dedicated data warehouse that manages
   informasi manajemen risiko dan didukung dengan ketersediaan             risk management information systems and is supported by the
   pelaporan Tableau (analisa visual) untuk meningkatkan fungsi            availability of the Tableau (visual analysis) to improve reporting
   pelaporan dan layanan analisa kredit dengan membuat                     functions and credit analysis services by creating data
   dashboard data sebagai analytics tools untuk analisa data               dashboards as an analytics tool for analyzing risk indicator
   indikator risiko, forecast, fraud modeling, dan juga portfolio          data, forecasts, fraud modeling, and portfolio monitoring.
   monitoring. Sistem informasi ini mendukung penelitian statistik         This information system supports statistical research from
   dari indikator kredit yang digunakan dalam pembentukan skor             the credit indicators that are used in the determination of the
   per aplikasi baru yang masuk. Sistem informasi juga sangat              scores per new application entry. Information systems are also
   membantu untuk menjaga kebersihan data sebagai komitmen                 very helpful to maintain data cleanliness as a commitment to
   pelaporan Sistem Layanan Informasi Keuangan (SLIK).                     Financial Information Services System (SLIK) reporting.


5. Sistem pengendalian internal yang menyeluruh                         5. Comprehensive internal control system
   Perseroan memiliki pertahanan 3 (tiga) lapis meliputi:                  The Company has 3 (three) lines of defense including:
   • Lini pertahanan pertama adalah seluruh karyawan,                      • The first line of defense is all employees, Business Unit
       Business Unit Manager yang menerapkan etika, budaya                    Managers who implement ethics, risk management
       manajemen risiko, integritas, dan ketentuan regulasi                   culture, integrity, and regulatory provisions in business
       dalam objektif bisnis.                                                 objectives.
   • Lini pertahanan kedua adalah pihak yang melakukan                     • The second line of defense is the parties who carry out
       pemeriksaan silang terhadap kepatuhan proses sesuai                    cross-examination of compliance process in accordance
       dengan kebijakan manajemen risiko yang berlaku, yaitu                  with the prevailing policy of risk management, namely
       diantaranya adalah tim risiko operasional di kantor pusat              operational risk team at head office and Operational Risk
       dan Operational Risk Person di cabang, dan Kepala Divisi               Person in the branch, and Division Heads who examine
       yang memeriksa dan menilai identifikasi risiko di lini                 and assess risk identification in the first line of defense and
       pertahanan pertama dan mengawasi fungsi bisnis tetap                   supervise business functions remain within the corridors
       dalam koridor kebijakan manajemen risiko dan sesuai                    of risk management policies and in accordance with the
       dengan SOP Perseroan.                                                  Company’s SOP.
   • Pada lini pertahanan ketiga, didukung oleh tim audit                  • In the third line of defense, it is supported by an internal
       internal sebagai pengawas internal yang memberikan                     audit team as an internal supervisor who provides an
       penilaian independen mengenai risiko yang sudah                        independent assessment of risks that have been managed
       dikelola sesuai toleransi risiko, serta mengevaluasi kontrol           according to risk tolerance, as well as evaluates risk
       manajemen risiko sesuai dengan kebijakan internal.                     management control in accordance with internal policies.


Jenis Risiko dan Mitigasi Risiko                                        Risk Types and Risk Mitigation

Perseroan mengelompokkan risiko-risiko dan pengelolaannya               The Company classifies risks, and its mitigation efforts as follows:
sebagai berikut:




               PT JACCS MPM Finance Indonesia
148            Laporan Tahunan 2023 Annual Report
Page 151
    Ikhtisar Kinerja | Performance Highlights       Profil Perseroan | Company Profile        Tata Kelola Perusahaan | Corporate Governance
                                                     Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                       Kinerja Keberlanjutan | Sustainability Performance
                                                  Management Discussion and Analysis




RISIKO STRATEGI                                                            STRATEGIC RISK

Deskripsi                                                                 Description
Risiko Strategi adalah risiko akibat pengambilan dan/atau                 Strategic Risk occurs due to inappropriate strategic decision-
pelaksanaan suatu keputusan strategis yang tidak tepat, serta             making and/or implementation, as well as failure to anticipate
kegagalan dalam mengantisipasi perubahan lingkungan bisnis.               changes in the business environment.

Mitigasi Risiko                                                           Risk Mitigation
Pengelolaan Risiko Strategi dilakukan melalui pengawasan aktif            Strategic Risk management is carried out through active
dari Dewan Komisaris dan Direksi. Direksi bertanggung jawab               supervision from the Board of Commissioners and the Board of
menyiapkan rencana bisnis Perseroan untuk kemudian dikaji dan             Directors. The Board of Directors is responsible for preparing the
disetujui oleh Dewan Komisaris dengan memperhatikan hal-hal               Company’s business plan to be reviewed and approved by the
sebagai berikut:                                                          Board of Commissioners by considering the following matters:
1. Kondisi dan situasi ekonomi, politik, pasar, dan kompetisi yang        1. Economic, political, market, and competition conditions faced
   dihadapi Perseroan di wilayah operasionalnya.                             by the Company in its operational areas.
2. Evaluasi dampak peraturan yang berlaku dan akan diajukan.              2. Evaluation of the impact of applicable and proposed regulations.
3. Memastikan rencana bisnis tersebut telah sesuai dengan visi,           3. Ensure that the business plan is in accordance with the vision,
   misi, dan budaya Perseroan, serta toleransinya terhadap risiko            mission, and culture of the Company, as well as its tolerance for
   dan arah pengembangan bisnis.                                             risk and direction of business development.
4. Meninjau sumber daya manusia, kompetensi dan infrastruktur             4. Review that the Company’s human resources, competencies
   Perseroan telah memadai untuk menopang strategi bisnis                    and infrastructure are adequate to support the business
   tersebut.                                                                 strategy.
5. Mengukur risiko strategis melalui parameter Laba Bersih                5. Measure strategic risk through the parameters of Net Profit
   Setelah Pajak, Pendapatan, Akuisisi Pelanggan, Pertumbuhan                After Tax, Revenue, Customer Acquisition, Portfolio and
   Portofolio dan Volume Bisnis, Komposisi Penjualan, Kualitas               Business Volume Growth, Sales Composition, Asset Quality,
   Aset, Hapus Buku, Pemulihan, Indikator Kinerja Pemulihan                  Write Off, Recovery, Asset Recovery Performance Indicators,
   Kembali Aset, dan Pencadangan Piutang.                                    and Allowance for Receivables.

RISIKO OPERASIONAL                                                         OPERATIONAL RISK

Deskripsi                                                                 Description
Risiko Operasional adalah risiko akibat tidak-cukupan dan/ atau           Operational Risk occurs due to inadequacy and/or malfunctioning
tidak berfungsinya proses internal, kesalahan manusia, kegagalan          of internal processes, human error, system failure, and/or external
sistem, dan/atau adanya kejadian eksternal yang memengaruhi               events that affect the operational activities of the Company.
kegiatan operasional Perseroan.

Mitigasi Risiko                                                           Risk Mitigation
Pengelolaan Risiko Operasional dilakukan melalui:                         Operational Risk management is conducted through:
1. Adanya pertahanan 3 (tiga) lapis, yaitu:                               1. The 3 (three) lines of defense:
   • Lini Pertahanan Pertama, yaitu seluruh karyawan, dan Bisnis             • The First Line of Defense, which is all employees, and
      Unit Manajer yang menjalankan semua kebijakan/SOP/                         Business Unit Managers who carry out all the established
      SKEP yang ditetapkan.                                                      policies/SOP/SKEP.
   • Lini Pertahanan Kedua, yaitu Operational Risk Person,                   • The Second Line of Defense, namely Operational Risk
      dan fungsi kontrol lainnya yaitu para pemilik kontrol risiko/              Person, and other control functions which are owners of risk
      Kepala Divisi.                                                             control/Division Head.
   • Lini Pertahanan Ketiga, adalah Audit Internal sebagai                   • The Third Line of Defense is Internal Audit as an internal
      pengawas internal.                                                         supervisor.
2. Menetapkan kebijakan Pengendalian Fraud dan Penerapan                  2. Establish the policy on Fraud Control and Implementation
   Strategi Anti-Fraud sebagai langkah pencegahan terjadinya                 of the Anti-Fraud strategy as a preventive measure for
   kasus-kasus penyimpangan operasional pada internal dan                    internal and external cases of operational irregularities at the
   eksternal Perseroan.                                                      Company.
3. Menetapkan Business Continuity Plan (BCP) sebagai panduan              3. Establish a Business Continuity Plan (BCP) as guidance for the
   kelanjutan operasional Perseroan ketika terjadi gangguan atau             continuation of the Company’s operations in the event of disruption
   bencana yang berimbas pada kegiatan operasional Perseroan.                or disaster that affects the Company’s operational activities.

RISIKO LIKUIDITAS                                                          LIQUIDITY RISK

Deskripsi                                                                 Description
Manajemen Risiko Likuiditas adalah untuk meminimalisir                    Liquidity Risk management is to minimize the possible negative
kemungkinan dampak negatif dari ketidakmampuan Perseroan                  impact of the Company’s inability to meet maturing obligations
untuk memenuhi kewajiban yang jatuh tempo dari sumber                     from existing internal and external funding sources without
pendanaan internal maupun eksternal yang ada tanpa                        disrupting the Company’s activities and financial conditions.
mengganggu aktivitas dan kondisi keuangan Perseroan.




                                                                                               PT JACCS MPM Finance Indonesia
                                                                                            Laporan Tahunan 2023 Annual Report                149
Page 152
                                                                                          accelerating innovation for further growth



Mitigasi Risiko                                                          Risk Mitigation
Perseroan setiap bulan mengelola risiko aset dan liabilitas melalui      The Company manages asset and liability risk every month through
Komite Aset dan Liabilitas (Asset and Liability Committee – ALCO).       the Asset and Liability Committee (ALCO). ALCO has the following
ALCO memiliki tugas dan tanggung jawab sebagai berikut:                  duties and responsibilities:
1. Mengelola neraca dan mengontrol likuiditas dan risiko pasar           1. Manage the balance sheet and control liquidity and market risk
    dalam menunjang bisnis Perseroan.                                        to support the Company’s business.
2. Meninjau indikator keuangan utama dan membahas topik                  2. Review key financial indicators and discuss funding topics.
    pendanaan.
3. Meninjau risiko likuiditas, risiko nilai tukar, risiko suku bunga     3. Review liquidity risk, exchange rate risk, interest rate risk and
    dan risiko ketidaksesuaian antara aset dan liabilitas.                  the risk of mismatch between assets and liabilities.
4. Memantau margin bunga bersih (net interest margin).                   4. Monitor the net interest margin.
5. Memantau pemenuhan terhadap kewajiban Perseroan dalam                 5. Monitor the fulfillment of the Company’s obligations in the
    perjanjian kredit.                                                      credit agreement.
6. Memantau pemenuhan terhadap peraturan yang berlaku.                   6. Monitor compliance with applicable regulations.
7. Mengelola neraca secara efisien dengan mengambil                      7. Manage the balance sheet efficiently by taking foresight in
    pandangan ke depan dalam perubahan ekonomi, peraturan                   economic, regulatory, and other changes.
    maupun perubahan lainnya.

RISIKO PASAR                                                             MARKET RISK
Deskripsi                                                                Description
Risiko Pasar adalah risiko pada posisi aset, liabilitas, ekuitas, dan/   Market Risk is the risk in the position of assets, liabilities, equity,
atau rekening administratif termasuk transaksi derivatif akibat          and/or off-balance sheet including derivative transactions due to
perubahan secara keseluruhan dari kondisi pasar.                         changes in overall market conditions.
Mitigasi Risiko                                                          Risk Mitigation
Pengelolaan risiko aset dan liabilitas yang dilakukan Perseroan          Asset and liability risk management carried out by the Company
adalah:                                                                  include:
1. Perseroan dalam mengelola Risiko Pasar yaitu dengan                   1. The Company manages Market Risk by periodically
    melakukan dokumentasi, pencatatan dan evaluasi secara                     documenting, recording, and evaluating current conditions
    berkala terhadap kondisi terkini terkait dengan risiko tingkat            related to interest rate and exchange rate risks that may affect
    suku bunga maupun nilai tukar yang dapat memengaruhi aset,                the Company’s assets, liabilities, and equity.
    liabilitas, dan ekuitas Perseroan.
2. Meminimalisir kemungkinan dampak negatif akibat perubahan             2. Minimize the possible negative impact due to changes in
    kondisi pasar terhadap aset dan permodalan Perseroan.                   market conditions on the assets and capital of the Company.
3. Pengukuran Risiko Pasar menggunakan parameter strategi                3. Measurement of Market Risk using business strategy and
    dan kebijakan bisnis terkait dengan Risiko Pasar, volume dan            policy parameters related to Market Risk, volume and
    komposisi portofolio aset yang memiliki eksposur Risiko Pasar,          composition of asset portfolio exposed to Market Risk,
    volume dan komposisi portofolio liabilitas yang terekspos               volume and composition of liabilities portfolio exposed to
    Risiko Pasar.                                                           Market Risk.
4. Memastikan kesesuaian nilai tukar antara aset dan liabilitas,         4. Ensure conformity of exchange rates between assets and
    profil tingkat suku bunga tetap dan/atau mengambang pada                liabilities, profile of fixed and/or floating interest rates on assets
    aset dan liabilitas, serta melakukan transaksi lindung nilai yang       and liabilities, as well as conducting hedging transactions in
    sesuai dengan ketentuan regulator dan kebijakan manajemen               accordance with regulatory provisions and the Company’s
    risiko internal Perseroan.                                              internal risk management policies.
RISIKO KEPATUHAN                                                         COMPLIANCE RISK
Deskripsi                                                                Description
Risiko Kepatuhan adalah risiko akibat Perseroan tidak mematuhi           Compliance Risk arises from the Company’s non-compliance
dan/atau tidak melaksanakan peraturan perundang- undangan                with and/or not implementing the laws and regulations. The main
dan ketentuan. Tujuan utama manajemen risiko untuk Risiko                objective of risk management for Compliance Risk is to minimize
Kepatuhan adalah untuk meminimalkan kemungkinan dampak                   the possible negative impact of the Company’s behavior, both
negatif dari perilaku Perseroan baik secara instansi maupun              institutionally and internally that deviates or violates the provisions
perangkat kerja dari Perseroan yang menyimpang atau melanggar            and/or laws and regulations.
dari ketentuan dan/atau peraturan perundang- undangan.
Mitigasi Risiko                                                          Risk Mitigation
1. Pengukuran Risiko Kepatuhan dapat dilakukan secara                    1. Measurement of Compliance Risk can be done qualitatively
    kualitatif dan/atau kuantitatif dengan menggunakan                       and/or quantitatively by using procedures, methodologies
    prosedur, metodologi dan kebijakan yang disusun dengan                   and policies that are prepared by considering the provisions
    memperhatikan ketentuan dari regulator. Pengukuran risiko                of the regulator. The Company’s risk measurement is then
    Perseroan selanjutnya dilaporkan secara berkala kepada                   reported periodically to the Board of Directors and the Board
    Direksi dan Dewan Komisaris.                                             of Commissioners.
2. Pengendalian Risiko Kepatuhan dilakukan dengan melakukan              2. Compliance Risk control is carried out by conducting a
    analisis gap terhadap ketentuan regulator, kajian terhadap               gap analysis against regulatory provisions, reviewing
    kebijakan internal yang dilakukan secara berkala, pemeriksaan            internal policies on regular basis, examining samples of the
    sampel terhadap implementasi kebijakan regulator yang ada                implementation of existing regulatory policies to ensure the
    untuk memastikan tingkat responsibilitas Perseroan terhadap              Company’s level of responsiveness to applicable standards.
    standar yang berlaku.



               PT JACCS MPM Finance Indonesia
150            Laporan Tahunan 2023 Annual Report
Page 153
    Ikhtisar Kinerja | Performance Highlights       Profil Perseroan | Company Profile       Tata Kelola Perusahaan | Corporate Governance
                                                     Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                      Kinerja Keberlanjutan | Sustainability Performance
                                                  Management Discussion and Analysis




RISIKO HUKUM                                                               LEGAL RISK
Deskripsi                                                                 Description
Risiko Hukum adalah risiko yang timbul akibat tuntutan hukum              Legal Risk arises due to lawsuits and/or weaknesses in legal
dan/atau kelemahan aspek hukum.                                           aspects.
Mitigasi Risiko                                                           Risk Mitigation
Tujuan utama manajemen risiko untuk Risiko Hukum adalah untuk             The main objective of risk management for Legal Risk is to minimize
meminimalkan kemungkinan dampak negatif dari kelemahan                    the possible negative impact from the weakness of the juridical
aspek yuridis, ketiadaan dan/atau perubahan peraturan                     aspect, the absence and/or changes to laws and regulations and
perundang-undangan dan proses litigasi.                                   the litigation process.

Dalam melaksanakan pengendalian Risiko Hukum dilakukan:                   In terms of Legal Risk control, the Company carries out:
1. Legal watch yaitu memberikan analisis atau nasihat hukum               1. Legal watch, by providing legal analysis or advice to related
    kepada pihak-pihak terkait dalam Perseroan serta pemantauan                parties at the Company as well as monitoring the agreement,
    dari sisi perikatan, baik antara Perseroan dengan debitur dan/             both between the Company and debtors and/or the Company
    atau Perseroan dengan pihak ketiga lainnya.                                and other third parties.
2. Pelaksanaan review secara berkala terhadap dokumen-                    2. Periodic review of documents and/or contracts that have been
    dokumen dan/atau kontrak-kontrak yang telah terstandarisasi                standardized to ensure the effectiveness of the fulfillment of
    guna memastikan efektivitas terpenuhinya hak dan kewajiban                 the rights and obligations of the parties to the contract, as
    para pihak dalam kontrak, serta memastikan bahwasanya                      well as ensuring that the documents/ agreements to be used
    dokumen/perjanjian yang akan digunakan sesuai dengan                       are in accordance with their purposes and the prevailing
    peruntukannya serta sesuai dengan ketentuan perundang-                     regulations in Indonesia.
    undangan yang berlaku di Indonesia.
3. Proses kaji ulang secara berkala terhadap setiap kebijakan             3. Periodic review process of each policy and/or guideline as well
    dan/atau panduan maupun terhadap SOP yang ada pada                       as the existing SOPs in the Company.
    Perseroan.
4. Analisis dari aspek hukum terhadap kegiatan usaha baru dan/            4. Analysis of the legal aspects of new business activities and/ or
    atau dalam hal adanya produk baru pada Perseroan.                        in the case of new products in the Company.
5. Bekerja sama dengan kantor jasa hukum guna mendapatkan                 5. Cooperate with legal services offices to obtain opinions and/
    opini dan/atau referensi lain yang dapat digunakan sebagai               or other references as a basis for consideration in making
    dasar pertimbangan dalam pengambilan keputusan yang                      decisions that are material for the Company.
    bersifat material bagi Perseroan.
6. Pembuatan laporan atas setiap kejadian yang berkaitan                  6. Preparation of reports on every incident related to litigation
    dengan proses litigasi dan/atau non litigasi yang terjadi pada           and/or non-litigation processes that occurred in the
    Perseroan.                                                               Company.
7. Mengukur toleransi risiko yang telah ditetapkan Perseroan,             7. Measure the predetermined risk tolerance, especially regarding
    khususnya berkaitan dengan proses litigasi dan/atau non                  the ongoing litigation and/or non-litigation processes faced by
    litigasi yang sedang berjalan dan dihadapi Perseroan yang                the Company which will have an impact on Legal Risk.
    akan berdampak pada Risiko Hukum.
RISIKO REPUTASI                                                            REPUTATIONAL RISK
Deskripsi                                                                 Description
Risiko Reputasi adalah risiko akibat menurunnya tingkat                   Reputational Risk occurs due to a decrease in the level of
kepercayaan pemangku kepentingan yang bersumber dari                      stakeholders’ trust derived from negative perceptions of the
persepsi negatif terhadap Perseroan.                                      Company.
Mitigasi Risiko                                                           Risk Mitigation
Pengelolaan Risiko Reputasi bertujuan untuk meminimalisir                 Reputational Risk management aims to minimize the impact of
dampak kerugian dari menurunnya tingkat kepercayaan                       losses from decreased levels of stakeholders’ trust that arise due
pemangku kepentingan (stakeholder) yang timbul karena adanya              to negative media coverage and/or rumors about the Company, as
pemberitaan media dan/atau rumor mengenai Perseroan yang                  well as ineffective communication of the Company. Reputational
bersifat negatif, serta komunikasi Perseroan yang kurang efektif.         Risk is managed through:
Risiko Reputasi dikelola melalui:
1. Pengawasan aktif Direksi dan Dewan Komisaris                           1. Active supervision by the Board of Directors and the Board of
                                                                             Commissioners
   Risiko Reputasi dibahas dalam rapat Customer Experience                   Reputational Risk is discussed in the Customer Experience
   Committee dan/atau Risk Management Committee yang                         Committee and/or Risk Management Committee meeting which
   dihadiri oleh Direksi, anggota Dewan Komisaris, serta unit                is attended by the Board of Directors, members of the Board of
   terkait. Pembahasannya antara lain, penanganan pengaduan                  Commissioners, and related units. The discussion includes the
   dan pemberitaan negatif terhadap Perseroan.                               handling of complaints and negative news against the Company.
2. Sumber Daya                                                            2. Resources
   Perseroan telah memiliki Sekretaris Perusahaan yang menjalankan           The Company has a Corporate Secretary who carries out the
   fungsi kehumasan dan menindaklanjuti pemberitaan negatif atau             public relations function and follows up on negative news
   kejadian lainnya yang memengaruhi reputasi Perseroan dan juga             or other events that affect the Company’s reputation and
   mengkomunikasikan informasi yang dibutuhkan oleh pemangku                 communicates information needed by stakeholders. Apart
   kepentingan (stakeholder). Selain daripada Sekretaris Perusahaan,         from the Corporate Secretary, the Company also has a work
   Perseroan juga telah memiliki unit kerja terkait penanganan               unit related to handling customer complaints accompanied by
   pengaduan konsumen disertai dengan mekanisme pengaduan.                   a complaint mechanism.



                                                                                              PT JACCS MPM Finance Indonesia
                                                                                           Laporan Tahunan 2023 Annual Report                    151
Page 154
                                                                                     accelerating innovation for further growth



3. Kebijakan                                                         3. Policy
   Penjabaran kebijakan penanganan pengaduan dituangkan                 The description of the complaint handling policy is outlined
   dalam bentuk kebijakan dan SOP. Mekanisme pengaduan                  in the form of a policy and SOP. The complaint mechanisms
   yang diterapkan oleh Perseroan antara lain:                          implemented by the Company include:
   • Walk in customer (penerimaan keluhan konsumen yang                 • Walk in customer (acceptance of the complains from the
     datang langsung ke kantor Perseroan).                                 customers who directly come to the Company’s office)
   • Hotline JACCS MPM Finance Indonesia: 1500309.                      • JACCS MPM Finance Indonesia Hotline: 1500309
   • Email ke: pelanggan@jaccs-mpmfinance.com.                          • Email to: pelanggan@jaccs-mpmfinance.com
   • Mengirimkan pesan atau komentar pada media sosial.                 • Send messages or comments on social media
   • Menghubungi nomor telepon kantor pusat: 021-29710100.              • Contact head office telephone number: 021-29710100
   • Mengirimkan surat resmi kepada Perseroan.                          • Send an official letter to the Company.

RISIKO PEMBIAYAAN (RISIKO KREDIT)                                     FINANCING RISK (CREDIT RISK)

Deskripsi                                                            Description
Perseroan menghadapi Risiko Pembiayaan, yaitu ketidakmampuan         The Company faces Financing Risk – the debtor’s inability to repay
debitur untuk membayar kembali fasilitas pembiayaan yang             the financing facilities. This risk arises if the structure of credit
diberikan. Risiko ini timbul jika struktur pembiayaan kredit,        financing, customer eligibility and receivables are not managed
kelayakan konsumen dan piutang tidak dikelola secara hati-hati.      carefully.

Mitigasi Risiko                                                      Risk Mitigation
Pengelolaan Risiko Kredit bertujuan untuk mengukur,                  Credit Risk management aims to measure, anticipate, and minimize
mengantisipasi dan meminimalisir kerugian akibat kegagalan           losses due to customer’s failure in fulfilling its obligations. Credit
konsumen dalam memenuhi kewajibannya. Risiko Kredit dikelola         Risk is managed through:
melalui:
1. Kebijakan Pembiayaan                                              1. Financing Policy
    Penjabaran kebijakan pembiayaan secara operasional                  The description of the operational financing policy is outlined
    dituangkan dalam bentuk SOP. Proses pengelolaan pembiayaan          in the form of SOP. The financing management process
    diawali dengan penetapan target market, melakukan risk              begins with the determination of the target market, risk
    assessment, dan monitoring atas pemberian pembiayaan.               assessment, and monitoring of the provision of financing. The
    Perseroan menerapkan prinsip kehati-hatian dalam pemberian          Company applies the principle of prudence in the provision of
    pembiayaan, dimana fungsi analisis kredit dilakukan oleh unit       financing, in which credit analysis functions are conducted by
    bisnis dan unit manajemen risiko yang independen.                   independent business unit and risk management unit.
2. Persetujuan Pembiayaan                                            2. Credit Approval
    Dalam menilai aplikasi pembiayaan, Perseroan senantiasa             In assessing financing applications, the Company refers to
    mengacu pada regulasi dan prinsip kehati-hatian di antaranya        the regulations and the principle of prudence, based on the
    berdasarkan faktor penilaian kemampuan membayar, prospek            assessment on the factors such as the debtor’s ability to pay,
    usaha, dan kinerja debitur. Implementasi proses pre-screening       business prospects and business performance. Implementation
    menggunakan verifikasi KTP, pengecekan SLIK (Sistem                 of the pre-screening process by using ID verification, checking
    Layanan Informasi Keuangan), credit scoring, pada segmen            SLIK (Financial Information Service System), credit scoring,
    bisnis ritel. Sedangkan untuk segmen bisnis korporasi analisis      has been applied to the retail business segment. As for the
    dilakukan lebih mendalam dan diputuskan melalui komite              corporate business segment, a more in-depth analysis is
    kredit oleh jajaran Direksi sesuai dengan nilai pembiayaan          carried out and decided through the credit committee by
    yang diberikan. Untuk mempercepat proses pengambilan                the Board of Directors in accordance with the value of the
    keputusan pembiayaan, Perseroan telah memberikan                    provided financing. To accelerate the credit approval process,
    kewenangan persetujuan pembiayaan kepada pejabat yang               the Company has given the authority of financing approval to
    ditunjuk berdasarkan kualifikasi tertentu.                          appointed officials based on certain qualifications.
3. Monitoring Kredit                                                 3. Credit Monitoring
    Monitoring pembiayaan pada segmen bisnis korporasi dilakukan        Financing monitoring for the corporate segment is carried
    secara terstruktur dan komprehensif dalam memantau kinerja          out in a structured and comprehensive manner in monitoring
    debitur, sehingga dapat segera dilakukan penanganan dini            the performance of debtors so that early management can
    untuk mencegah penurunan kualitas pembiayaan debitur.               be done immediately to prevent a decline in the quality of
    Monitoring untuk pembiayaan segmen bisnis ritel dilakukan           financing. Monitoring for retail financing is carried out at
    pada tingkat portofolio melalui analisa portofolio. Perseroan       the portfolio level through portfolio analysis. The Company
    juga melakukan monitoring secara berkala terhadap pejabat           also conducts periodic monitoring of officials holding credit
    pemegang kewenangan persetujuan kredit.                             approval authority.
4. Collection dan Recovery                                           4. Collection and Recovery
    Perseroan secara khusus menjalankan kebijakan penanganan            The Company specifically implements collection and recovery
    collection dan recovery yang dibuat secara lebih terfokus,          policies that are made in a more focused, systematic,
    sistematis, agresif, dan terintegrasi berdasarkan jenis produk      aggressive, and integrated way based on the product type and
    dan masing-masing bucket collection                                 each bucket collection.




              PT JACCS MPM Finance Indonesia
152           Laporan Tahunan 2023 Annual Report
Page 155
    Ikhtisar Kinerja | Performance Highlights      Profil Perseroan | Company Profile       Tata Kelola Perusahaan | Corporate Governance
                                                    Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                     Kinerja Keberlanjutan | Sustainability Performance
                                                 Management Discussion and Analysis




Evaluasi Efektivitas Penerapan Sistem Manajemen                          Evaluation of the Effectiveness of Risk Management
Risiko                                                                   System

Berdasarkan hasil penilaian sendiri sesuai dengan POJK No. 28/           Based on the results of self-assessment in accordance with POJK
POJK.05/2020 tentang Penilaian Tingkat Kesehatan Lembaga                 No. 28/ POJK.05/2020 concerning Soundness Level of Non-Bank
Jasa Keuangan Non-Bank dan SEOJK No. 11/SEOJK.05/2020                    Financial Services Institutions and SEOJK No. 11/ SEOJK.05/2020
tentang Penilaian Tingkat Kesehatan Perusahaan Pembiayaan                concerning Assessment of Soundness Level of Finance Companies
dan Perusahaan Pembiayaan Syariah, peringkat faktor profil risiko        and Sharia Finance Companies, the Company’s risk profile factor
Perseroan untuk tahun 2023 berada pada peringkat 2 (dua) atau            rating for 2023 is ranked 2 (two) or “Sound”.
“Sehat”.


Pernyataan Dewan Komisaris dan Direksi atas                              Statement of the Board of Commissioners and
Kecukupan Sistem Manajemen Risiko                                        Board of Directors on the Adequacy of the Risk
                                                                         Management System

Dewan Komisaris dan Direksi telah meninjau pelaksanaan Sistem            The Board of Commissioners and the Board of Directors have
Manajemen Risiko Perseroan dan menyatakan bahwa Sistem                   reviewed the implementation of the Company’s Risk Management
Manajemen Risiko pada tahun 2023 berjalan efektif.                       System and stated that the Risk Management System in 2023 ran
                                                                         effectively.




PERKARA PENTING
LEGAL CASES

Selama tahun 2023, tidak terdapat perkara penting yang dihadapi          Throughout 2023, there were no significant legal cases faced by
Perseroan, anggota Direksi, maupun anggota Dewan Komisaris.              the Company, members of the Board of Directors or members of
                                                                         the Board of Commissioners.




SANKSI ADMINISTRATIF
ADMINISTRATIVE SANCTION


Pada tahun 2023, Perseroan menerima 5 (lima) sanksi administratif,       In 2023, the Company received 5 (five) administrative sanctions, in
berupa 1 (satu) Surat Peringatan Tertulis terkait penyampaian            the form of 1 (one) Written Warning Letter related to the submission
tanggapan pengaduan konsumen yang tidak sesuai, 1 (satu)                 of inappropriate consumer complaint responses, 1 (one) Written
Surat Teguran Tertulis terkait kesalahan penulisan form rincian          Warning Letter related to errors in writing the management details
kepengurusan pada laporan bulanan, 1 (satu) Surat Teguran                form in the monthly report, 1 (one) First Written Warning Letter
Pertama terkait denda sebesar Rp7.730.465 (tujuh juta tujuh ratus        related to a fine of IDR7,730,465 (seven million seven hundred
tiga puluh ribu empat ratus enam puluh lima) atas keterlambatan          thirty thousand four hundred sixty-five) for the delayed payment of
pembayaran iuran Adjustment Tahap I – 2023 dan Adjustment                the membership fee of Adjustment Phase I – 2023 and Adjustment
Tahap II – 2023, 1 (satu) Surat Peringatan Tertulis Pertama atas         Phase II – 2023, 1 (one) First Written Warning Letter for the late
keterlambatan penyampaian Laporan Kesiapan Dana untuk                    submission of the Fund Readiness Report for the Repayment of
Pelunasan Obligasi MPM Finance I Tahun 2019 Seri B. Serta, 1             MPM Finance Bonds I Year 2019 Series B. Also, 1 (one) Written
(satu) Surat Peringatan Tertulis karena ketidakhati-hatian dalam         Warning Letter for carelessness in using SPE-IDXnet.
menggunakan SPE-IDXnet.




                                                                                             PT JACCS MPM Finance Indonesia
                                                                                          Laporan Tahunan 2023 Annual Report                153
Page 156
                                                                                   accelerating innovation for further growth



PROGRAM KEPEMILIKAN SAHAM OLEH
KARYAWAN ATAU MANAJEMEN
EMPLOYEE OR MANAGEMENT STOCK OPTION PLAN

Sampai akhir tahun 2023, Perseroan belum memiliki program          As of the end of 2023, the Company has no employee or
kepemilikan saham oleh karyawan ataupun manajemen.                 management stock option plan.




KEBIJAKAN PENGUNGKAPAN INFORMASI
KEPEMILIKAN SAHAM DEWAN KOMISARIS
DAN DIREKSI
POLICY OF INFORMATION DISCLOSURE ON SHARE OWNERSHIP
BY THE BOARD OF COMMISSIONERS AND BOARD OF DIRECTORS


Kebijakan akan pengungkapan informasi mengenai kepemilikan         The policy of information disclosure on share ownership by the
saham dari Dewan Komisaris dan Direksi dilaksanakan dengan         Board of Commissioners and Board of Directors is carried out
berlandaskan POJK No. 29/POJK.05/2020 tentang Perubahan            based on POJK No. 29/POJK.05/2020 concerning Amendments
atas POJK No. 30/POJK.05/2014 tentang Tata Kelola Perusahaan       to POJK No. 30/POJK.05/2014 concerning Good Corporate
yang Baik bagi Perusahaan Pembiayaan.                              Governance for Finance Companies.


Selaras dengan regulasi tersebut, Perseroan mewajibkan seluruh     Pursuant to such regulations, the Company requires all members
anggota Direksi dan Dewan Komisaris untuk mengungkapkan            of the Board of Directors and Board of Commissioners to disclose
informasi mengenai kepemilikan sahamnya yang sebesar 5% (lima      information regarding their share ownership of 5% (five percent)
persen) atau lebih pada perusahaan tempat anggota Direksi dan      or more in companies where members of the Board of Directors
Dewan Komisaris menjabat dan/atau pada perusahaan lain yang        and Board of Commissioners serve and/or in other companies
kedudukannya di dalam atau di luar negeri, dan dicantumkan pada    whose positions are in or abroad, and it is described in the GCG
laporan penerapan GCG, serta wajib melaporkannya pada OJK.         implementation report to be submitted to the OJK.




KODE ETIK
CODE OF CONDUCT


Perseroan telah menyusun Pedoman Standar Perilaku sebagai          The Company has established Code of Conducts which functions
Kode Etik atau Code of Conduct yang berfungsi sebagai acuan        as a standard reference for behavior for all Company personnel in
standar perilaku bagi seluruh insan Perseroan dalam berinteraksi   interacting with internal and external parties.
dengan pihak internal maupun eksternal.


Code of Conduct menjadi pedoman bagi karyawan untuk bekerja        The Code of Conduct serves as guidelines for employees to work
dengan mengedepankan aspek-aspek integritas, tertib dan            by prioritizing aspects of integrity, order, and discipline to prevent
disiplin yang diwujudkan untuk mencegah terjadinya tindakan        acts of misappropriation or fraud by all the Company personnel.
penyelewengan atau fraud oleh seluruh insan Perseroan.




              PT JACCS MPM Finance Indonesia
154           Laporan Tahunan 2023 Annual Report
Page 157
       Ikhtisar Kinerja | Performance Highlights     Profil Perseroan | Company Profile        Tata Kelola Perusahaan | Corporate Governance
                                                      Analisis dan Diskusi Manajemen
     Laporan Manajemen | Management Report                                                    Kinerja Keberlanjutan | Sustainability Performance
                                                   Management Discussion and Analysis




Etika Bisnis                                                               Business Ethics

1. Direksi, Dewan Komisaris dan karyawan Perseroan dilarang                1. The Board of Directors, Board of Commissioners, and
   menawarkan atau memberikan sesuatu, baik langsung maupun                   employees of the Company are prohibited from offering or
   tidak langsung kepada pihak lain untuk mempengaruhi                        providing anything, either directly or indirectly to other parties to
   pengambilan keputusan yang terkait dengan transaksi pembiayaan             influence the decision-making related to financing transactions
   dan/atau kegiatan operasional Perseroan lainnya, dengan                    and/or other operational activities of the Company, in violation
   melanggar ketentuan perundang-undangan yang berlaku.                       of the prevailing laws and regulations.
2. Direksi, Dewan Komisaris, dan karyawan Perseroan dilarang               2. The Board of Directors, Board of Commissioners, and
   menerima sesuatu untuk kepentingan pribadinya dengan                       employees of the Company are prohibited from receiving
   melanggar ketentuan perundang-undangan yang berlaku,                       anything for its own personal interest in violation of the
   baik langsung maupun tidak langsung, dari siapapun, yang                   prevailing statutory provisions, whether direct or indirect,
   dapat mempengaruhi pengambilan keputusan yang terkait                      from any person, which may affect decision-making related to
   dengan transaksi pembiayaan dan/atau kegiatan operasional                  financing transactions and/or other operational activities of the
   Perseroan lainnya.                                                         Company.


Etika Perusahaan                                                           Corporate Ethics

Lingkup etika bisnis Perseroan wajib mencakup upaya yang                   The scope of the Company’s business ethics must include efforts
mendorong terbinanya hal-hal berikut yang mencakup, namun                  to encourage the development of the following which include, but
tidak terbatas pada:                                                       are not limited to:
1. Komitmen: Perseroan memberikan komitmen untuk                           1. Commitment: The Company is committed to upholding
    menjunjung tinggi dan menegakkan standar etika yang tinggi                 and enforcing high ethical standards at every level of the
    di setiap jenjang Perseroan.                                               Company.
2. Kompetensi: Perseroan wajib membangun dan mengasah                      2. Competence: The Company must build and hone competence
    kompetensi dalam menjalankan kegiatan bisnisnya.                           in carrying out its business activities.
3. Kepatuhan: Perseroan menerapkan sebuah sistem kepatuhan                 3. Compliance: The Company implements a compliance system
    untuk menerapkan standar etika Perseroan yang mewajibkan                   to enforce the Company’s ethical standards in which the
    pegawai Perseroan pada setiap jajaran untuk mematuhi                       Company’s employees are required to comply with applicable
    peraturan Perseroan yang berlaku.                                          Company regulations.
4. Komunikasi: Perseroan menerapkan suatu mekanisme                        4. Communication: The Company applies a communication
    komunikasi perihal etika bisnis yang jelas dan berkesinambungan            mechanism regarding clear and sustainable business ethics to
    agar dapat membangun budaya etika tinggi dalam Perseroan.                  build a high ethical culture within the Company.
5. Konsistensi: Perseroan mengadakan mekanisme penghargaan                 5. Consistency: The Company operates a mechanism of rewards
    maupun sanksi atas tindakan yang menyangkut etika yang                     and sanctions for actions involving clear, fair, and consistent
    jelas, adil, dan konsisten.                                                ethics.
6. Kontrol: Perseroan menjalankan sistem pengawasan dan                    6. Control: The Company implements effective monitoring and
    pengendalian efektif untuk mengidentifikasi pelanggaran etika              control system to identify ethical violations and to prevent the
    dan melakukan pencegahan atas terjadinya pelanggaran etika                 occurrence of such ethical violations.
    tersebut.
7. Kepeloporan: Perseroan menghargai pegawai/karyawan yang                 7.   Pioneering: The Company appreciates the officer/employee
    bertindak selaku pelopor dalam penegakan standar etika yang                 who acts as a pioneer in the enforcement of high ethical
    tinggi.                                                                     standards.


Ketentuan terkait Etika Bisnis dan Etika Perusahaan di atas berlaku        Provisions related to Business Ethics and Corporate Ethics above
bagi seluruh insan Perseroan tanpa terkecuali.                             apply to all Company personnel without any exception.


Sosialisasi Kode Etik dan Upaya Penegakkannya                              Code of Conduct Dissemination and Enforcement

Perseroan mensosialisasikan mengenai kode etik melalui Pakta               The Company disseminates the code of conduct through the
Integritas karyawan setiap tahunnya, dan seluruh karyawan                  employee Integrity Pact every year, and all employees are
berkomitmen untuk melaksanakan Pakta Integritas dengan sebaik-             committed to implementing the Integrity Pact as well as possible.
baiknya.




                                                                                                PT JACCS MPM Finance Indonesia
                                                                                             Laporan Tahunan 2023 Annual Report                155
Page 158
                                                                                   accelerating innovation for further growth



SISTEM PELAPORAN PELANGGARAN
WHISTLEBLOWING SYSTEM


Sistem pelaporan merupakan sistem yang disediakan bagi              The whistleblowing system is a system provided for employees,
karyawan, pelanggan atau pihak lainnya untuk memperkuat             customers, or other parties to strengthen the detection of
pendeteksian tindakan pelanggaran disiplin serta menyediakan        disciplinary violations and provide a means for employees to
sarana bagi pegawai untuk menyampaikan pelanggaran di               report violations in the Company. The Company implements a
Perseroan. Perseroan menerapkan sistem whistleblowing meliputi      whistleblowing system which includes the following:
hal-hal sebagai berikut:


Perlindungan bagi Pelapor                                           Whistleblower Protection

Perseroan memberikan perlindungan kepada pelapor, guna              The Company provides protection to whistleblowers in order to
menumbuhkan rasa aman dan mendorong pelapor (untuk berani           foster a sense of security and encourage whistleblowers (to dare
melaporkan pelanggaran).                                            to report violations).


Kerahasiaan                                                         Confidentiality

Perseroan menjamin rahasia identitas pelapor dan seluruh            The Company guarantees the confidentiality of the whistleblowers’
informasi yang dilaporkan oleh pelapor.                             identity and all information reported by the whistleblowers.


Cakupan Pelaporan                                                   Reporting Scope

Tindakan pelanggaran yang dapat dilaporkan antara lain adalah:      Violations that can be reported include:
• Fraud (Internal atau Eksternal Fraud);                            • Fraud (Internal or External Fraud);
• Pelanggaran hukum;                                                • Violation of the law;
• Kesalahan operasional yang signifikan;                            • Significant operational errors;
• Pelanggaran peraturan Perseroan;                                  • Violation of the Company’s regulations;
• Pelanggaran Kode Etik;                                            • Violation of the Code of Conduct; and
• Pelanggaran benturan kepentingan.                                 • Violation of conflicts of interest.


Mekanisme Pengaduan dan Pihak yang Mengelola                        Reporting Mechanism and Party in Charge of
Pengaduan                                                           Reporting Management

Perseroan menunjuk pihak atau satuan kerja yang menangani,          The Company appoints a party or work unit that handles,
menginvestigasi dan menyelesaikan pengaduan. Pihak atau             investigates, and resolves complaints. The appointed party or
satuan kerja yang ditunjuk dapat berasal dari satuan pengendalian   work unit can come from the fraud control unit, operational risk
fraud, manajemen risiko operasional, audit internal, sumber daya    management, internal audit, human capital and/or compliance
manusia dan/atau satuan kerja kepatuhan.                            work unit.


Media Pelaporan                                                     Reporting Media

Perseroan menyediakan media atau sarana pelaporan yang dapat        The Company provides reporting media or tools as follows:
digunakan sebagai berikut:
• Ispeak: Sistem pelaporan yang dibentuk dan dikelola langsung      • Ispeak: A reporting system established and managed directly
  oleh PIC Berwenang di Perseroan.                                    by the Authorized PIC of the Company.
• MPM Speak Up!: Media pelaporan ini dibentuk dan dikelola oleh     • MPM Speak Up!: This reporting media is established and
  PT MPM Tbk bagi seluruh anak perusahaannya.                         managed by PT MPM Tbk for all of its subsidiaries.
• JACCS Group Global Hotline: Media pelaporan ini dibentuk dan      • JACCS Group Global Hotline: This media report is established
  dikelola oleh JACCS Co.,Ltd. bagi seluruh perusahaan yang           and managed by JACCS Co.,Ltd. for all companies under the
  berada di bawah naungan JACCS.                                      auspices of JACCS.
• Email, faksimile, telepon atau sarana lain yang disediakan        • Email, facsimile, telephone or other means provided by the
  Perseroan.                                                          Company.



              PT JACCS MPM Finance Indonesia
156           Laporan Tahunan 2023 Annual Report
Page 159
    Ikhtisar Kinerja | Performance Highlights          Profil Perseroan | Company Profile       Tata Kelola Perusahaan | Corporate Governance
                                                        Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                         Kinerja Keberlanjutan | Sustainability Performance
                                                     Management Discussion and Analysis




Fungsi pengelola sistem whistleblowing dalam proses menyortir                The whistleblowing system manager is in charge of sorting reports,
pelaporan, verifikasi kebenaran atas pelaporan, serta melaporkan             verifying the truth of reports, and reporting related parties in
pihak terkait sesuai dengan kebijakan yang berlaku. Setiap laporan           accordance with applicable policies. Every report received along
yang diterima beserta hasil investigasi akan diregistrasi dan dilaporkan     with the results of the investigation will be registered and reported
kepada manajemen dan Komite Operational Risk Management dan/                 to management and the Operational Risk Management Committee
atau Risk Management Committee secara berkala.                               and/or Risk Management Committee periodically.


Pelaporan Pelanggaran Tahun 2023                                             Whistleblowing in 2023

Sepanjang tahun 2023, terdapat 11 pengaduan whistleblowing                   Throughout 2023, there were 11 incoming whistleblowing
yang masuk terkait pelanggaran, dan telah ditindaklanjuti oleh unit          complaints related to violations, and have been followed up by the
kerja Financial Crime, Fraud and Operational Risk Management.                Financial Crime, Fraud and Operational Risk Management work
                                                                             units.




KEBIJAKAN ANTI KORUPSI
ANTI-CORRUPTION POLICY


Perseroan berkomitmen dan patuh terhadap ketentuan                           The Company is committed to complying with the applicable laws
perundang-undangan yang berlaku serta mendukung Pemerintah                   and regulations and supporting the Government of Indonesia in
Indonesia dalam hal pemberantasan korupsi. Oleh karena itu,                  eradicating corruption. Therefore, the Company requires the
Perseroan mewajibkan seluruh anggota Dewan Komisaris, Direksi,               Board of Commissioners, Board of Directors, and all employees
dan karyawannya untuk menjunjung tinggi persaingan usaha yang                to uphold fair business competition, values of sportsmanship, and
adil, nilai-nilai sportivitas dan profesionalisme serta prinsip-prinsip      professionalism as well as GCG principles.
GCG.


Dalam menjalankan kegiatan usahanya berdasarkan komitmen                     In conducting business, the Company refers to Law No. 20 of 2001
tersebut, Perseroan berlandaskan pada Undang-Undang No. 20                   concerning Amendments to Law No. 31 of 1999 concerning the
Tahun 2001 tentang Perubahan Atas Undang-Undang No. 31 Tahun                 Eradication of Criminal Acts of Corruption.
1999 tentang Pemberantasan Tindak Pidana Korupsi.


Adapun tujuan diterapkannya kebijakan anti korupsi di Perseroan              The objectives of this anti-corruption policy in the Company
adalah:                                                                      include:
1. Menumbuhkan budaya anti korupsi pada seluruh jajaran                      1. Fostering an anti-corruption culture at all levels of the
    organisasi Perseroan.                                                         Company’s organization.
2. Meningkatkan kesadaran dan kepedulian terhadap risiko                     2. Enhancing awareness and concern for the risk of corruption in
    korupsi di operasional Perseroan.                                             the Company’s operations.


Kebijakan anti korupsi di Perseroan mencakup antara lain,                    The anti-corruption policy in the Company includes transparency
penerapan transparansi dalam sistem pengadaan barang dan                     in the goods and services procurement system, as well as giving
jasa, serta pemberian dan penerimaan hadiah atau janji kepada/               and receiving gifts or promises to/from internal or external parties
dari seseorang baik internal maupun eksternal dengan mengingat               by taking into account the power or authority attached to their
kekuasaan atau wewenang yang melekat pada jabatan atau                       position.
kedudukannya.


Perseroan akan menjalankan kegiatan usaha dengan cara yang                   The Company carries out business activities in a legal, ethical,
sah, etis, jujur, serta sejalan dengan etika bisnis Perseroan dan            honest manner, and in line with the Company’s business ethics,
visi misi Perseroan. Perseroan mengapresiasi setiap pihak yang               vision and mission. The Company appreciates every party who
telah berjasa membantu upaya pencegahan, pemberantasan,                      has contributed to efforts to prevent, eradicate, or disclose acts of
atau pengungkapan tindakan korupsi sesuai dengan kebijakan                   corruption in accordance with the Company policy.
Perseroan.




                                                                                                  PT JACCS MPM Finance Indonesia
                                                                                               Laporan Tahunan 2023 Annual Report                   157
Page 160
                                                                                       accelerating innovation for further growth



KEBIJAKAN PENGENDALIAN FRAUD
FRAUD CONTROL POLICY


Kebijakan Anti Fraud Perseroan berupaya menciptakan praktik            The Company’s Anti-Fraud policy aims to realize sound business
bisnis yang bersih dan menjauhi segala bentuk kecurangan serta         practices, avoid all forms of fraud, and comply with the prevailing
memenuhi seluruh aspek regulasi yang berlaku di Indonesia. Hal         regulations in Indonesia. This is realized by the implementation of
tersebut diwujudkan dengan implementasi Kebijakan Pengendalian         the Fraud Control Policy which must be obeyed by all employees
Fraud yang wajib ditaati oleh seluruh karyawan Perseroan dalam         of the Company in carrying out their duties and responsibilities.
menjalankan tugas dan tanggung jawabnya. Struktur strategi             The structure of the fraud control strategy incorporates basic
pengendalian fraud secara utuh menggabungkan prinsip dasar             principles of risk management, particularly internal control and
dari manajemen risiko khususnya pengendalian internal dan              good corporate governance. The implementation of an anti-fraud
tata kelola yang baik. Implementasi strategi anti fraud dalam          strategy in the form of fraud control system is described through
bentuk sistem pengendalian fraud dijabarkan melalui 4 (empat)          4 (four) pillars of interrelated fraud control strategies, namely:
pilar strategi pengendalian fraud yang saling berkaitan, yaitu: 1)     1) Prevention, 2) Detection, 3) Investigation, reporting, and
Pencegahan 2) Deteksi, 3) Investigasi, pelaporan, dan sanksi, 4)       sanctions, 4) Monitoring, evaluation, and follow-up. Therefore,
Pemantauan, evaluasi, dan tindak lanjut. Oleh karena itu efektivitas   the effectiveness of implementing fraud control strategies needs
penerapan strategi pengendalian fraud perlu didukung dengan            to be supported by strengthening the risk management aspects
penguatan pada aspek-aspek manajemen risiko yang berfokus              that focus on fraud control. These aspects at least include: 1)
pada pengendalian fraud. Aspek-aspek tersebut paling kurang            Active management supervision, 2) Organizational structure, 3)
meliputi: 1) Pengawasan aktif manajemen, 2) Struktur organisasi, 3)    Accountability, 4) Control and monitoring.
Pertanggungjawaban, 4) Pengendalian dan pemantauan.


Perseroan telah melakukan langkah-langkah dalam pengendalian           The Company has taken measures to control and monitor fraud,
dan pemantauan fraud, antara lain:                                     including:
1. Pengendalian di bidang Sumber Daya Manusia (SDM) yang               1. Control of Human Resources (HR) aimed at increasing the
    ditujukan untuk peningkatan efektivitas pelaksanaan tugas               effectiveness of duty implementation and controlling fraud.
    dan pengendalian fraud.
2. Pengendalian sistem informasi yang mendukung pengolahan,            2. Control of information system that supports electronic data
    penyimpanan, dan pengamanan data secara elektronik untuk              processing, storage and security to prevent potential fraud.
    mencegah potensi terjadinya fraud.
3. Pengendalian lain dalam pengendalian fraud seperti                  3. Other fraud controls such as control of physical assets and
    pengendalian aset fisik dan dokumentasi.                              documentation.
4. Pengendalian melalui kaji ulang oleh manajemen (top level           4. Control through review by the management (top level review)
    review) maupun kaji ulang operasional (functional review) oleh        as well as operational review (functional review) by the internal
    audit internal atas pelaksanaan strategi anti fraud.                  audit on the implementation of the anti-fraud strategy.
5. Penetapan pemisahan fungsi dalam pelaksanaan aktivitas              5. Determination of the segregation of functions in the
    pada seluruh jenjang organisasi dalam pemisahan fungsi                implementation of activities at all levels of the organization
    antara yang melakukan proses akseptasi, klaim, dan keuangan           by separating functions between those who carry out the
    dengan tujuan agar setiap pihak yang terkait dalam aktivitas          acceptance, claims, and financial processes with the aim
    tersebut tidak memiliki peluang untuk melakukan dan                   that each party involved in these activities does not have the
    menyembunyikan fraud.                                                 opportunity to commit and hide fraud.
6. Whistleblowing.                                                     6. Whistleblowing.




              PT JACCS MPM Finance Indonesia
158           Laporan Tahunan 2023 Annual Report
Page 161
   Ikhtisar Kinerja | Performance Highlights     Profil Perseroan | Company Profile      Tata Kelola Perusahaan | Corporate Governance
                                                  Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                  Kinerja Keberlanjutan | Sustainability Performance
                                               Management Discussion and Analysis




Kampanye anti-fraud dilakukan dengan memberikan sosialisasi            The anti-fraud campaign is carried out by providing ongoing
yang berkelanjutan kepada seluruh karyawan, baik melalui:              outreach to all employees, either through:




Pelatihan secara online (e-learning) dan offline                       Video learning fraud awareness
Secara berkelanjutan Perseroan mengadakan pelatihan Fraud              Video learning digunakan untuk mendukung proses pelatihan dan
Awareness yang wajib diikuti oleh seluruh karyawan baru di             sosialisasi fraud awareness kepada karyawan.
Perseroan. Pada tanggal 14 April 2023, Perseroan mengadakan
pelatihan gerakan anti fraud sekaligus acara buka puasa bersama        Video learning fraud awareness
karyawan Perseroan.                                                    Video learning is used to support the training process and
                                                                       disseminate fraud awareness to employees.
Online training (e-learning) and offline
On an ongoing basis, the Company holds Fraud Awareness training
which all new employees in the Company must attend. On 14 April
2023, the Company held an anti-fraud movement training as well
as an iftar event with the Company’s employees.




Pembuatan pin dan lanyard anti-fraud                                   Fraud awareness campaign email & wallpaper
Seluruh karyawan wajib menggunakan pin dan lanyard baru                Sosialisasi yang dilakukan melalui email ke seluruh karyawan
dengan design yang bertema “Berani Jujur Anti Suap”.                   secara berkala dan memasang wallpaper secara serempak di
                                                                       seluruh laptop atau komputer karyawan.
Making anti-fraud pins and lanyards
All employees are required to wear new pins and lanyards with a        Fraud awareness campaign email & wallpaper
design with the theme “Dare to be Honest, Anti-Bribery”.               Dissemination is carried out via email to all employees regularly
                                                                       and the wallpaper is installed simultaneously on all employee
                                                                       laptops or computers.




                                                                                           PT JACCS MPM Finance Indonesia
                                                                                        Laporan Tahunan 2023 Annual Report               159
Page 162
                                                                                      accelerating innovation for further growth



KEBIJAKAN PENERAPAN ANTI PENCUCIAN
UANG, PENCEGAHAN PENDANAAN TERORISME,
DAN PENCEGAHAN PENDANAAN PROLIFERASI
SENJATA PEMUSNAH MASSAL
POLICY ON ANTI-MONEY LAUNDERING, COUNTER-TERRORISM FINANCING,
AND COUNTER-PROLIFERATION FINANCING OF WEAPONS OF MASS
DESTRUCTION

Pelaksanaan Anti Pencucian Uang, Pencegahan Pendanaan                 Implementation of the Company’s Anti-Money Laundering,
Terorisme, dan Pencegahan Pendanaan Proliferasi Senjata               Counter-Terrorism Financing, and Counter-Proliferation Financing
Pemusnah Massal (APU PPT dan PPPSPM) Perseroan ditetapkan             of Weapons of Mass Destruction (AML-CFT and CPF) is determined
dengan mengacu dari 5 (lima) Pilar APU dan PPT meliputi:              by referring to the 5 (five) AML-CFT and CPF including:
1. Pengawasan aktif Direksi dan Dewan Komisaris;                      1. Active supervision of the Board of Directors and the Board of
                                                                          Commissioners;
2.   Kebijakan dan prosedur                                           2. Policies and procedures;
3.   Pengendalian internal                                            3. Internal control;
4.   Sistem informasi manajemen; dan                                  4. Management information system; and
5.   Sumber daya manusia dan pelatihan.                               5. Human resources and training.


Pengawasan Aktif Direksi dan Dewan Komisaris                          Active Supervision of the Board of Directors and
                                                                      Board of Commissioners

Pengawasan aktif Direksi terhadap penerapan program APU PPT           Active supervision of the Board of Directors on the implementation
dan PPPSPM dapat dilakukan dengan cara:                               of the AML-CFT and CPF program can be carried out by:
1. Mengusulkan kebijakan dan prosedur tertulis mengenai               1. Proposing written policies and procedures regarding AML-CFT
   program APU, PPT, dan PPPSPM kepada Dewan Komisaris;                    and CPF programs to the Board of Commissioners;
2. Memastikan program APU, PPT, dan PPPSPM dilaksanakan               2. Ensuring that the implementation of the AML-CFT and CPF
   sesuai dengan kebijakan dan prosedur tertulis yang telah                programs is carried out in accordance with the written policies
   ditetapkan;                                                             and procedures that have been established;
3. Membentuk unit kerja khusus dan/atau menunjuk pejabat              3. Establishing a special unit and/or appointing officials in charge
   yang bertanggung jawab terhadap penerapan program APU,                  of the AML-CFT and CPF programs;
   PPT, dan PPPSPM;
4. Melakukan pengawasan atas kepatuhan unit kerja dalam               4. Supervising the compliance of the unit in implementing the
   menerapkan program APU, PPT, dan PPPSPM;                              AML-CFT and CPF programs; and
5. Memastikan bahwa kebijakan dan prosedur tertulis mengenai          5. Ensureing that written policies and procedures regarding
   program APU, PPT, dan PPPSPM sejalan dengan perubahan                 AML-CFT and CPF programs are in line with changes
   dan pengembangan produk, jasa, dan teknologi di sektor                and development of products, services, and technology
   jasa keuangan serta sesuai dengan perkembangan modus                  in the financial services sector and in accordance with
   TPPU (Tindak Pidana Pencucian Uang), TPPT (Tindak Pidana              the development of ML (Money Laundering), TF (Terrorist
   Pendanaan Terorism), dan/atau PPSPM (Pendanaan Proliferasi            Financing), and /or PFWMD (Proliferation Financing of Weapons
   Senjata Pemusnah Massal);                                             of Mass Destruction);
6. Memastikan pejabat dan/atau pegawai, khususnya pegawai dari        6. Ensuring that officials and/or employees, especially employees
   satuan kerja terkait dan pegawai baru, telah mengikuti pelatihan      from related work units and new employees, have attended
   yang berkaitan dengan penerapan program APU, PPT, dan                 training related to the implementation of AML-CFT and CPF
   PPPSPM sebanyak 1 (satu) kali dalam 1 (satu) tahun; dan               programs as much as 1 (one) time in 1 (one) year; and
7. Memastikan adanya pembahasan terkait penerapan program             7. Ensuring that there is a discussion related to the implementation
   APU, PPT, dan PPPSPM dalam rapat Direksi.                             of AML-CFT and CPF programs in the Board of Directors meeting.


Pengawasan aktif Dewan Komisaris dalam penerapan program              The active supervision of the Board of Commissioners in the
APU, PPT, dan PPPSPM dapat dilakukan dengan cara:                     implementation of the AML-CFT and CPF program can be carried
                                                                      out by:



              PT JACCS MPM Finance Indonesia
160           Laporan Tahunan 2023 Annual Report
Page 163
       Ikhtisar Kinerja | Performance Highlights     Profil Perseroan | Company Profile       Tata Kelola Perusahaan | Corporate Governance
                                                      Analisis dan Diskusi Manajemen
     Laporan Manajemen | Management Report                                                   Kinerja Keberlanjutan | Sustainability Performance
                                                   Management Discussion and Analysis




1.     Memastikan Perseroan memiliki kebijakan dan prosedur                1.   Ensuring that the Company has policies and procedures for
       penerapan program APU, PPT, dan PPPSPM;                                  implementing AML-CFT and CPF programs;
2.     Memberikan persetujuan atas kebijakan dan prosedur                  2.   Approving the policies and procedures for the implementation
       penerapan program APU, PPT, dan PPPSPM yang diusulkan                    of AML-CFT and CPF programs proposed by the Board of
       oleh Direksi;                                                            Directors;
3.     Melakukan evaluasi atas kebijakan dan prosedur penerapan            3.   Evaluating the policies and procedures for the implementation
       program APU, PPT, dan PPPSPM;                                            of AML-CFT and CPF programs;
4.     Melakukan pengawasan atas pelaksanaan tanggung jawab                4.   Supervising the implementation of the Board of Directors’
       Direksi terhadap penerapan program APU, PPT, dan PPPSPM;                 responsibility for the implementation of AML-CFT and CPF
       dan                                                                      programs; and
5.     Memastikan adanya pembahasan terkait program APU, PPT,              5.   Ensuring the discussion of AML-CFT and CPF programs in the
       dan PPPSPM dalam rapat Direksi dan Dewan Komisaris.                      Board of Directors and Board of Commissioners meetings.


Kebijakan dan Prosedur                                                     Policies and Procedures

Kebijakan Penerapan APU, PPT, dan PPPSPM di Perseroan                      The AML, CFT, and CPF Implementation Policy in the Company
memiliki fungsi untuk mengelola dan memitigasi risiko pencucian            has a function to manage and mitigate the risks of money
uang, pendanaan terorisme, dan/atau pendanaan proliferasi                  laundering, financing of terrorism, and/or proliferation financing
senjata pemusnah massal yang diidentifikasi sesuai dengan                  of weapons of mass destruction identified in accordance with a
penilaian risiko. Hal ini diterapkan di setiap aktivitas bisnis yang       risk assessment. This is applied in every business activity carried
dijalankan Perseroan secara konsisten dan berkesinambungan.                out by the Company consistently and continuously. The AML-CFT
Pedoman Penerapan APU, PPT, dan PPPSPM memuat kebijakan                    and CPF Implementation Guidelines contain written policies and
dan prosedur tertulis yang mencakup:                                       procedures that cover:
1. Customer Due Diligence (CDD)                                            1. Customer Due Diligence (CDD)
2. Enhanced Due Diligence (EDD)                                            2. Enhanced Due Diligence (EDD)
3. Pemantauan transaksi dan evaluasi                                       3. Transaction monitoring and evaluation
4. Pengkinian data nasabah                                                 4. Updating of customer data
5. Penatausahaan dokumen                                                   5. Document administration
6. Penutupan hubungan usaha, pembatalan dan penolakan                      6. Closure of business relationship, cancellation and rejection of
     transaksi                                                                  transactions
7. Penundaan transaksi dan penghentian sementara transaksi                 7. Postpone of transaction and tentative cease of transaction
8. Pelaporan kepada manajemen dan Regulator                                8. Report to management and regulator


Pengendalian Internal                                                      Internal Control

Pelaksanaan sistem pengendalian internal yang efektif dan                  Implementation of an effective internal control system, among
independen meliputi:                                                       others, can be proven by:
1. Perseroan telah memiliki kebijakan, prosedur, dan pemantauan            1. The Company has adequate policies, procedures, and
    internal yang memadai;                                                     internal monitoring;
2. Adanya batasan wewenang dan tanggung jawab satuan kerja                 2. There are limits on the authority and responsibility of the unit
    terkait dengan penerapan program APU, PPT, dan PPPSPM; dan                 related to the implementation of the AML-CFT and CPF programs;
3. Dilakukannya pemeriksaan secara independen untuk memastikan             3. Independent examination to ensure the effectiveness for
    efektivitas penerapan program APU, PPT, dan PPPSPM.                        implementation of AML-CFT and CPF programs.


Sistem Informasi Manajemen                                                 Information System Management

Untuk mendukung proses pemantauan profil debitur dan profil                To support the process of monitoring effectively debtor profiles and
transaksi debitur sudah berlangsung secara efektif, Perseroan              debtor transaction profiles the Company must have an information
harus memiliki sistem informasi yang dapat mengidentifikasi,               system that can effectively review, identify, analyze, and report the
menganalisa, memantau, dan menyediakan laporan secara                      characteristics or habit of transactions carried out by debtors, in
efektif mengenai karakteristik atau kebiasaan pola transaksi yang          a manual or computerized system by taking into account factors
dilakukan oleh nasabah, yang dilakukan secara manual maupun                of information technology that has the potential to be abused
sistem komputerisasi dengan mempertimbangkan faktor teknologi              by perpetrators of money laundering, financing of terrorism and
informasi yang berpotensi disalahgunakan oleh pelaku pencucian             proliferation financing of weapons of mass destruction.
uang, pendanaan terorisme, maupun pendanaan proliferasi senjata
pemusnah massal.



                                                                                                PT JACCS MPM Finance Indonesia
                                                                                             Laporan Tahunan 2023 Annual Report                   161
Page 164
                                                                                          accelerating innovation for further growth



Sumber Daya Manusia dan Pelatihan                                         Human Resources and Training

Untuk mencegah Perseroan digunakan sebagai media atau                     The Company takes precautions in preventing ML, TF, and/or
tujuan TPPU, TPPT, dan/atau PPSPM yang melibatkan pihak intern            PFWMD involving the Company’s employees by implementing
Perseroan, maka Perseroan wajib melakukan:                                Know Your Employee through:
1. Prosedur penyaringan untuk memastikan standar yang tinggi              1. Screening procedures to ensure high standards in the
    pada penerimaan pegawai baru (pre-employee screening),                   recruitment of new employees (pre-employee screening), both
    baik pegawai tetap maupun pegawai tidak tetap, termasuk                  permanent and non-permanent employees, including senior
    pejabat senior, tenaga ahli, dari mulai tingkat paling rendah            officials, experts, from the lowest level up to 1 (one) level below
    sampai dengan 1 (satu) tingkat di bawah Direksi dan Dewan                the Board of Directors and Board of Commissioners; and
    Komisaris; dan
2. Pengenalan dan pemantauan terhadap profil pegawai (know                2. Introduction and monitoring of employee profiles (know your
    your employee), baik pegawai tetap maupun pegawai tidak                  employee), both permanent and non-permanent employees,
    tetap, termasuk tenaga ahli, dari mulai level paling rendah sampai       including experts, from the lowest level up to the Board of
    dengan Direksi dan Dewan Komisaris. Know your employee                   Directors and Board of Commissioners. Know your employee
    mencakup karakter, perilaku, dan gaya hidup pegawai.                     includes the character, behavior, and lifestyle of employees.


Program pelatihan APU, PPT, dan PPPSPM di Perseroan                       AML-CFT and CPF training programs in the Company are held
diselenggarakan secara berkesinambungan dan berkala kepada                continuously and periodically for officials and/or employees as
pejabat dan/atau pegawai sesuai dengan kebutuhan paling sedikit           needed at least 1 (one) time in 1 (one) year. The training materials
sebanyak 1 (satu) kali dalam 1 (satu) tahun. Materi pelatihan meliputi:   include:
1. Penerapan peraturan perundang-undangan mengenai                        1. Implementation of laws and regulations regarding the
    penerapan program APU, PPT, dan PPPSPM termasuk dalam                      implementation of AML-CFT and CPF programs including in
    hal ini Kebijakan dan Prosedur APU, PPT, dan PPPSPM internal               this case the applicable internal AML-CFT and CPF Policies
    yang berlaku;                                                              and Procedures;
2. Teknik, metode dan tipologi TPPU, TPPT, dan/atau PPSPM;                2. Techniques, methods and typologies of ML, TF, and/or PFWMD;
    dan                                                                        and
3. Kebijakan dan prosedur penerapan program APU, PPT, dan                 3. Policies and procedures for the implementation of AML-CFT
    PPPSPM serta peran dan tanggung jawab pegawai dalam                        and CPF programs as well as the roles and responsibilities
    mencegah dan memberantas TPPU, TPPT, dan/atau PPSPM;                       of employees in preventing and combating ML, TF, and/or
    dan                                                                        PFWMD; and
4. Materi pelatihan lain, jika dibutuhkan.                                4. Other training materials, if needed.


Untuk menciptakan suatu sistem pengenalan nasabah yang efektif,           To create an effective customer recognition system, the Company
Perseoran dalam hal ini perlu memberikan pelatihan khususnya              in this case needs to provide training especially to employees who
kepada karyawan-karyawan yang memenuhi kriteria sebagai berikut:          meet the following criteria:
1. Berhadapan langsung dengan nasabah; dan/atau                           1. Directly dealing with customers; and/or
2. Berkaitan dengan pemberian fasilitas pembiayaan.                       2. In connection with the provision of financing facilities.




               PT JACCS MPM Finance Indonesia
162            Laporan Tahunan 2023 Annual Report
Page 165
    Ikhtisar Kinerja | Performance Highlights       Profil Perseroan | Company Profile       Tata Kelola Perusahaan | Corporate Governance
                                                     Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                      Kinerja Keberlanjutan | Sustainability Performance
                                                  Management Discussion and Analysis




KEBIJAKAN PENGADAAN
PROCUREMENT POLICY


Perseroan memastikan bahwa barang dan/atau jasa yang diperlukan           The Company ensures that the required goods and/or services
diperoleh dengan harga yang kompetitif, memiliki kualitas yang baik       are obtained at competitive prices, of good quality and without
dan tidak terdapat benturan kepentingan pada pelaksanaannya.              any conflict of interest in their implementation. The Company
Perseroan telah memiliki kebijakan yang mengatur mengenai                 has a policy that regulates procurement principles within the
prinsip-prinsip pengadaan dalam Perseroan. Kebijakan pengadaan            Company. The procurement policy regulates the mechanism for
mengatur mengenai mekanisme pengadaan barang dan/atau jasa                the procurement of goods and/or services and the criteria needed
dan kriteria yang diperlukan dalam memilih pemasok.                       in selecting suppliers.


Seleksi dan Evaluasi Vendor/Pemasok                                       Vendor/Supplier Selection and Evaluation

Dalam proses pengadaan, Perseroan wajib melakukan penilaian               Vendors are appointed in accordance with the Company policy.
terhadap kriteria, kinerja, dan kelayakan vendor. Pemilihan vendor        In the procurement process, the Company evaluates the vendor’s
dapat dilakukan melalui penunjukan langsung, pemilihan langsung,          criteria, performance, and eligibility. Vendor selection can be done
dan tender kompetitif. Metode pemilihan vendor dapat dilakukan            through direct appointment, direct selection, and competitive
sesuai dengan kebijakan Perseroan.                                        tenders.




PEMANGKU KEPENTINGAN [E.4]
STAKEHOLDERS


Para pemangku kepentingan adalah bagian yang tidak bisa                   Stakeholders are an inseparable part of the Company’s journey
dipisahkan dari perjalanan dan pertumbuhan usaha Perseroan.               and business growth. Stakeholders are parties who can impact or
Para pemangku kepentingan adalah pihak yang bisa memberikan               be impacted with the Company’s business. We want to create a
sekaligus menerima dampak dalam perjalanan dari bisnis                    harmonious relationship and work together in achieving welfare
Perseroan. Kami ingin menciptakan hubungan yang harmonis dan              goals. By providing added value to all stakeholders, we are on the
bersama-sama dalam mencapai tujuan kesejahteraan. Dengan                  right path in achieving goals for the progress of the Company. We
memberikan nilai tambah kepada seluruh pemangku kepentingan               have identified the relevant stakeholders, namely: Consumers,
itu artinya kami telah berada di jalan yang benar dalam                   Employees, Regulator (Government), Public, Shareholders,
mencapai tujuan-tujuan untuk kemajuan Perseroan. Kami telah               Supply Chain (suppliers), and the Media. Through various means
mengidentifikasi siapa saja pemangku kepentingan yang relevan,            of communication, which cover interactions on social media,
yaitu: Konsumen, Karyawan, Regulator (Pemerintah), Masyarakat,            customer service, communication with employees at the Company,
Pemegang saham, Rantai Pasokan (supplier), dan Media. Melalui             interactions in all operational areas, meetings with investors
berbagai sarana komunikasi, baik interaksi di media sosial,               and all relevant regulators, we absorb information in the form of
layanan customer service, komunikasi dengan karyawan di internal          complaints, expectations, and input for business improvement and
Perseroan, interaksi di seluruh wilayah operasional, pertemuan            progress. We accommodate these aspirations for us to manage
dengan investor dan semua regulator yang terkait kami menyerap            further.
informasi berupa keluhan, harapan dan masukan untuk perbaikan
dan kemajuan bisnis yang kami jalankan. Semua aspirasi tersebut
kami tampung untuk kami kelola lebih lanjut.




                                                                                              PT JACCS MPM Finance Indonesia
                                                                                           Laporan Tahunan 2023 Annual Report                163
Page 166
                                                                                           accelerating innovation for further growth



Pemangku              Dasar Pemilihan                Pendekatan Keterlibatan        Isu/Topik yang              Respons Perseroan
Kepentingan           Basis of Selection             Engagement Approach            Dikemukakan                 Response of the Company
Stakeholders                                                                        Issues/Topics Raised
Konsumen              Kepuasan konsumen              Komunikasi sehari- hari di     Kualitas pelayanan kepada   Memberikan informasi
Customers             menentukan pertumbuhan         showroom/diler, front office   konsumen, keterbukaan       mengenai produk dan
                      usaha.                         cabang, call centre, dan       informasi terkait produk,   layanan kepada konsumen
                      Customers satisfaction         media sosial.                  menjaga kerahasiaan         melalui selebaran/poster
                      determines business            Daily communication at         identitas konsumen.         di front office dan media
                      growth.                        showroom/dealer, front         Quality of customer         sosial.
                                                     office at branches, call       service, disclosure         Provide information on
                                                     center, and social media.      of product-related          products and services to
                                                                                    information, maintaining    customers through flyers/
                                                                                    the confidentiality of      posters at the front office
                                                                                    customers identity.         and social media.
Karyawan              Aset perusahaan yang           Kegiatan kerja setiap          Kesejahteraan karyawan      Memberi asuransi atau
Employees             penting dan perlu              hari, pertemuan berkala,       dan Kesehatan dan           BPJS, melengkapi sarana
                      dikembangkan terus.            pengembangan karier.           Keselamatan Kerja (K3),     dan prasarana K3,
                      An important company           Daily work activities,         pengembangan karyawan.      pendidikan dan pelatihan.
                      asset for continuous           regular meetings, career       Employee welfare and        Provide insurance or social
                      development.                   development.                   Occupational Health and     security, complete OHS
                                                                                    Safety (OHS), employee      facilities and infrastructure,
                                                                                    development.                education and training.
Masyarakat            Pihak yang berpotensi          Literasi dan edukasi           Dampak nyata yang positif. Pemberian literasi dan
Public                terdampak atas kegiatan        keuangan, pelaksanaan          Positive real impact       edukasi, dan kegiatan
                      operasional.                   kegiatan CSR.                                             CSR.
                      Party with a potential to be   Financial literacy and                                    Provide literacy and
                      affected by operations.        education, implementation                                 education, and CSR
                                                     of CSR activities.                                        activities.

Pemerintah            Kepatuhan peraturan.           Pemenuhan peraturan dan        Kepatuhan terhadap          Memenuhi setiap
Government            Regulatory compliance.         perundang- undangan.           peraturan dan perundang-    ketentuan yang berlaku.
                                                     Fulfillment of laws and        undangan.                   Fulfill any applicable
                                                     regulations.                   Compliance with laws and    provisions
                                                                                    regulations.
Pemegang              Organ tertinggi dalam          Penyampaian informasi          Pencapaian kinerja          Melalui pengelolaan
Saham/Investor        RUPS, Dukungan investasi.      dan laporan secara berkala     Perseroan.                  perusahaan yang baik
Shareholders/         The highest organ in the       melalui RUPS, Laporan          The Company’s               dapat meningkatkan
Investors             GMS, Investment support.       Tahunan, dan keterbukaan       performance achievement.    kinerja keuangan.
                                                     informasi.                                                 Improve financial
                                                     Submission of information                                  performance through good
                                                     and reports on a regular                                   corporate governance
                                                     basis through the GMS,                                     management.
                                                     Annual Report, and
                                                     information disclosure.
Pemasok Utama         Mitra kerja penunjang          Proses tender, evaluasi        Kemudahan dan perlakuan     Perlakuan inklusif bagi
(Principal) dan       kelancaran operasional         atau review bersama.           yang sama, Kepatuhan.       semua mitra, memberi
Pemasok Lainnya       usaha.                         Tender process, evaluation     Convenience and equal       keterbukaan informasi.
Principal Suppliers   Business partners              or joint review.               treatment, Compliance.      Provide information
and Other             supporting smooth                                                                         disclosure and inclusive
Suppliers             operations                                                                                treatment for all partners.

Media                 Sarana komunikasi,             Situs web, media sosial.       Keterbukaan informasi.      Bekerja sama melalui
                      publikasi/ keterbukaan         Website, social media.         Information disclosure.     saluran media yang
                      informasi.                                                                                tersedia, baik karena
                      Means of communication,                                                                   ketentuan regulasi maupun
                      publication/ disclosure of                                                                kepentingan Perseroan.
                      information.                                                                              Work closely through
                                                                                                                available media channels,
                                                                                                                both due to regulatory
                                                                                                                provisions and the interests
                                                                                                                of the Company.




               PT JACCS MPM Finance Indonesia
164            Laporan Tahunan 2023 Annual Report
Page 167
   Ikhtisar Kinerja | Performance Highlights      Profil Perseroan | Company Profile          Tata Kelola Perusahaan | Corporate Governance
                                                   Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                       Kinerja Keberlanjutan | Sustainability Performance
                                                Management Discussion and Analysis




PERMASALAHAN YANG DIHADAPI DALAM
PENERAPAN KEUANGAN BERKELANJUTAN [E.5]
ISSUES FACED IN THE IMPLEMENTATION OF SUSTAINABLE FINANCE


Sampai dengan 31 Desember 2023, Perseroan tidak mengalami               As of December 31, 2023, the Company did not experience any
hambatan yang bersifat signifikan dalam upaya penerapan                 significant obstacles in its efforts to implement sustainable finance.
keuangan berkelanjutan. Meski demikian, Perseroan secara                However, the Company has gradually implemented policies aimed
bertahap melaksanakan kebijakan yang ditujukan guna                     at improving the Company’s capacity to plan and implement
meningkatkan kapasitas Perseroan dalam merencanakan dan                 the distribution of benefits to stakeholders, as support for the
mengimplementasikan penyaluran manfaat bagi pemangku                    achievement of sustainable development goals in Indonesia. This is
kepentingan, sebagai dukungan bagi tercapainya tujuan-tujuan            realized through the implementation of competency development
pembangunan berkelanjutan di Indonesia. Hal tersebut antara             programs for management members, as well as socialization
lain terwujud melalui pelaksanaan program pengembangan                  programs on GCG and sustainable finance dissemination for
kompetensi bagi anggota manajemen, serta program sosialisasi            employees.
GCG dan penerapan keuangan berkelanjutan bagi karyawan.


Sebagai upaya dalam menghadapi isu-isu utama penerapan                  As an effort to address the main issues of sustainable finance
keuangan berkelanjutan, Perseroan mengembangan strategi                 implementation, the Company has developed a strategy that
yang berfokus pada 3 (tiga) aspek penerapan, yaitu ekonomi,             focuses on 3 (three) aspects of implementation, namely economy,
sosial kemasyarakatan, serta lingkungan. Pembahasan lebih lanjut        society, and environment. Further discussion on the implementation
mengenai penerapan strategi pada ketiga aspek tersebut di tahun         of strategies on these three aspects in 2023 can be seen in the
2023 dapat dilihat pada bab Kinerja Keberlanjutan.                      Sustainability Performance chapter.




AKSES INFORMASI PERSEROAN
ACCESS TO COMPANY INFORMATION


Perseroan berkomitmen untuk menyediakan akses kepada                    The Company is committed to providing access to stakeholders
pemangku kepentingan terkait kinerja Perseroan sebagai bagian           on the Company’s performance as part of the implementation of
dari penerapan prinsip transparansi. Sampai akhir 2023, Perseroan       transparency principle. As of the end of 2023, the Company has
menyediakan informasi terkait Perseroan yang bisa diakses publik        provided information related to the Company that can be accessed
melalui:                                                                by the public, through:


        Situs web
        Website                                                                    E-mail

http://www.jaccs-mpmfinance.com/                                        pelanggan@jaccs-mpmfinance.com

        Hubungan Investor                                                          Hotline
        Investor Relations
corporate.secretary@jaccs- mpmfinance.com                               1500309
        Media sosial
        Social media


        @jaccsmpmfinance                          @jaccs_mpmfinance                           JACCS MPM Finance Indonesia




                                                                                               PT JACCS MPM Finance Indonesia
                                                                                            Laporan Tahunan 2023 Annual Report                165
Page 168

          
Page 169
KINERJA
KEBERLANJUTAN
SUSTAINABILITY
PERFORMANCE
Strategi dan Pendekatan Keberlanjutan 168
Sustainability Strategy and Approach

Ikhtisar Kinerja Keberlanjutan       169
Sustainability Highlights

Tata Kelola Keberlanjutan             171
Sustainable Governance

Kinerja Keberlanjutan                174
Sustainability Performance

Memberikan Pelayanan yang Setara      182
Kepada Konsumen
Providing Equal Services to Consumers
Page 170
                                                                                    accelerating innovation for further growth



STRATEGI DAN PENDEKATAN KEBERLANJUTAN
SUSTAINABILITY STRATEGY AND APPROACH


Sebagai perusahaan penyedia jasa keuangan, Perseroan                As a financial services provider company, the Company implements
menerapkan praktik pengelolaan keuangan berkelanjutan sesuai        sustainable financial management practices in accordance with the
ketentuan di dalam Peraturan OJK Nomor 51/POJK.03/2017.             provisions of OJK Regulation Number 51/POJK.03/2017. Based on
Berlandaskan pada ketentuan tersebut, Perseroan melakukan           this regulation, the Company carries out financial management as
pengelolaan keuangan sebagai bentuk dukungan yang menyeluruh        a token of comprehensive support to create sustainable economic
terhadap upaya penciptaan pertumbuhan ekonomi berkelanjutan di      growth in Indonesia.
Indonesia.


Dalam rangka merealisasikan pencapaian usaha yang berkelanjutan,    In order to realize sustainable business achievements, the Company
Perseroan berupaya memelihara hubungan yang harmonis dengan         strives to maintain harmonious relationships with all stakeholders.
seluruh pemangku kepentingan. Selain itu, Perseroan memiliki visi   In addition, the Company has a vision to grow as a trusted financing
untuk tumbuh sebagai perusahaan pembiayaan terpercaya bagi          company for the entire community, which is fulfilled among others
seluruh masyarakat, yang terpenuhi antara lain melalui orientasi    through an orientation towards business development in order
terhadap pengembangan usaha yang diarahkan untuk memberikan         to provide the best benefits for all stakeholders. Based on this
keuntungan terbaik bagi seluruh pemangku kepentingan.               understanding, the Company consistently implements responsible
Berangkat dari pemahaman tersebut, Perseroan secara konsisten       operational management and business development, including
menerapkan pengelolaan operasional dan pengembangan usaha           responsibility for economic, social and environmental aspects.
dengan bertanggung jawab, mencakup tanggung jawab pada aspek
ekonomi, sosial, dan lingkungan hidup.


Empat Pilar Penerapan Kinerja Keberlanjutan                         Four Pillars of Sustainability Performance Implementation

Adapun pemenuhan kinerja keberlanjutan Perseroan berlandaskan       The fulfillment of the Company’s sustainability performance is
pada 4 (empat) pilar pokok sebagai berikut:                         based on 4 (four) main pillars as follows:




      Sahabat Rakyat                    Sahabat Cerdas                   Sahabat Sehat                        Sahabat Hijau
        Pilar Ekonomi                    Pilar Pendidikan                  Pilar Kesehatan                    Pilar Lingkungan
       Economic Pillar                   Educational Pillar                  Health Pillar                   Environmental Pillar

       Merupakan wujud                 Mencakup kegiatan                 Merupakan wujud                      Merupakan bentuk
     kepedulian Perseroan              penyaluran manfaat              kepedulian Perseroan                 kepedulian Perseroan
   terhadap pemberdayaan              berupa dukungan bagi            dalam bidang kesehatan.                terhadap lingkungan
    masyarakat, khususnya              kegiatan pendidikan                                                 hidup, baik pada lingkup
    terkait pengembangan                   masyarakat.                A form of the Company’s             internal maupun eksternal
    usaha kecil menengah.                                             awareness in the health                     Perseroan.
                                         Includes benefit                      sector.
    A manifestation of the           distribution activities in                                             A form of the Company’s
   Company’s concern for             the form of support for                                                   awareness for the
  community empowerment,              community education                                                   environment, both in the
   especially related to the                 activities.                                                  internal and external scope
  development of small and                                                                                      of the Company.
    medium enterprises.




              PT JACCS MPM Finance Indonesia
168           Laporan Tahunan 2023 Annual Report
Page 171
       Ikhtisar Kinerja | Performance Highlights       Profil Perseroan | Company Profile     Tata Kelola Perusahaan | Corporate Governance
                                                        Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                       Kinerja Keberlanjutan | Sustainability Performance
                                                     Management Discussion and Analysis




IKHTISAR KINERJA KEBERLANJUTAN [B]
SUSTAINABILITY PERFORMANCE REVIEW


Aspek Ekonomi/Economic Aspects [B.1]

Kuantitas Produksi/Jasa yang Dijual
Quantity of Sold Products/Services                                                                         Dalam jutaan Rupiah/In millions of Rupiah



Penjualan Pembiayaan Konsumen                      Penjualan Sewa Pembiayaan
Consumer Finance Sales                             Finance Lease Sales
2021




                                                   2021




                     3.117.581                            422.820
2022




                                                   2022




                                4.119.599                  454.887
2023




                                                   2023




                                4.218.098                     509.493




Kinerja Ekonomi
Economic Performance                                                                                       Dalam jutaan Rupiah/In millions of Rupiah



Jumlah Pendapatan                                  Laba Bersih                                    Biaya Tanggung Jawab Sosial dan Lingkungan
Total Income                                       Net Income                                     (dalam Rupiah penuh)
                                                                                                  Social and Environmental Responsibility Expense
                                                                                                  (in full Rupiah)
2021




                                                   2021




                                                                                                   2021




                         1.523.177                             63.735                                     66.491.000
2022




                                                   2022




                                                                                                   2022




                         1.554.694                                          100.979                         19.145.000
2023




                                                   2023




                                                                                                   2023




                          1.604.504                       424                                                                114.231.500




Pelibatan Pihak Lokal yang Berkaitan dengan                                  Local Community Involvement in the Sustainable
Proses Bisnis Berkelanjutan                                                  Business Processes

Penggunaan Tenaga Kerja Lokal                                                Use of Local Workforce
Perseroan senantiasa menerapkan sistem rekrutmen yang                        The Company always implements a recruitment system that
mengakomodasi penggunaan tenaga kerja lokal, yaitu masyarakat                accommodates the use of local workforce, namely the community
di sekitar area kantor-kantor cabang. Hingga 31 Desember 2023,               around the area of branch offices. As of December 31, 2023, out
dari 2.650 jumlah karyawan yang dimiliki Perseroan, sekitar 99,8%            of 2,650 total employees of the Company, approximate 99.8% are
merupakan tenaga kerja lokal.                                                local workers.




                                                                                                PT JACCS MPM Finance Indonesia
                                                                                             Laporan Tahunan 2023 Annual Report               169
Page 172
                                                                                   accelerating innovation for further growth



Aspek Lingkungan Hidup/Environmental Aspect [B.2]

Penggunaan Energi, Air, dan Material
Usage of Energy, Water, and Material                                                              Dalam jutaan Rupiah/In millions of Rupiah



Pemakaian Listrik                            Pemakaian Air                                Pemakaian BBM
Electricity Usage                            Water Usage                                  Fuel Usage
2021




                                              2021




                                                                                           2021
                           4.096                     112                                              490
2022




                                              2022




                                                                                           2022
                         3.869                        145                                                 593
2023




                                              2023




                                                                                           2023
                           4.059                       150                                                  682



Aspek Sosial/Social Aspects [B.3]


Dampak Positif Penerapan Praktik Keuangan                          Positive Impact of Sustainable Finance Practices on
Berkelanjutan bagi Masyarakat dan Lingkungan                       Community and Environment

Program Bantuan Pendidikan                                         Educational Assistance Program
JACCS MPM Finance Indonesia menyalurkan beasiswa bagi              JACCS MPM Finance Indonesia distributed scholarships to
siswa-siswi SMK YPK Ora et Labora. Beasiswa tersebut telah         students of SMK YPK Ora et Labora. The scholarship has been
dimanfaatkan melalui sejumlah aktivitas edukasi, mencakup studi    utilized through a number of educational activities, including field
lapangan, pelatihan kepemimpinan dasar, hingga membiayai           studies, basic leadership training, and payment of uniforms and
seragam dan buku tulis bagi siswa-siswi terpilih.                  notebooks for selected students.


Program Inklusi Keuangan                                           Financial Inclusion Program
Pada tanggal 13-15 Oktober 2023, Perseroan turut berpartisipasi    On October 13-15, 2023, the Company participated in Multifinance
dalam kegiatan Multifinance Day 2023 yang diadakan di Atrium       Day 2023 at Atrium Palembang Indah Mall. This activity was a
Palembang Indah Mall. Kegiatan ini adalah perwujudan dari          manifestation of the Company’s commitment in improving financial
komitmen Perseroan dalam meningkatkan literasi keuangan dan        literacy and providing solutions of financing products needed by
memberikan solusi produk-produk pembiayaan yang dibutuhkan         the community.
oleh masyarakat.




TATA KELOLA KEBERLANJUTAN
SUSTAINABILITY GOVERNANCE


Perseroan memahami bahwa pemangku kepentingan Perseroan            The Company understands that its stakeholders play an important
memiliki peran penting dalam keseluruhan upaya pencapaian          role in the overall efforts to achieve strong and sustainable
pertumbuhan usaha secara kuat dan berkelanjutan. Lebih dari        business growth. Moreover, as a corporate citizen in Indonesia,
itu, sebagai bagian dari warga korporasi di Indonesia, Perseroan   the Company is committed to supporting the achievement of
memiliki komitmen untuk ikut mendukung pemenuhan tujuan-           Sustainable Development Goals (SDGs), in accordance with the
tujuan pembangunan berkelanjutan (Sustainable Development          Company’s vision to grow by delivering the best service for the
Goals/SDGs), sesuai visi Perseroan untuk tumbuh dengan             entire community. With this understanding and commitment,



             PT JACCS MPM Finance Indonesia
170          Laporan Tahunan 2023 Annual Report
Page 173
   Ikhtisar Kinerja | Performance Highlights        Profil Perseroan | Company Profile       Tata Kelola Perusahaan | Corporate Governance
                                                     Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                      Kinerja Keberlanjutan | Sustainability Performance
                                                  Management Discussion and Analysis




menghadirkan pelayanan terbaik bagi seluruh masyarakat. Dengan            the Company consistently implements sustainable financial
pemahaman dan komitmen tersebut, Perseroan secara konsisten               management, as a systematic effort to bring wide-ranging benefits
menerapkan pengelolaan keuangan berkelanjutan, sebagai                    to stakeholders.
upaya sistematis dalam menghadirkan manfaat secara luas bagi
pemangku kepentingan.


Penerapan pengelolaan keuangan berkelanjutan yang dilakukan               The implementation of sustainable financial management by the
oleh Perseroan merupakan bagian tidak terpisahkan dari                    Company is an integral part of the implementation of the 5 (five)
implementasi 5 (lima) prinsip Tata Kelola Perusahaan yang baik            principles of Good Corporate Governance (GCG). Periodically,
(Good Corporate Governance/GCG). Secara periodik, Perseroan               the Company implements management of all operating and
menerapkan pengelolaan terhadap seluruh aktivitas operasional             business activities, through the compliance with the principles of
dan bisnis, melalui pemenuhan prinsip keterbukaan, akuntabilitas,         transparency, accountability, responsibility, independence, and
pertanggungjawaban, independen, serta kewajaran, sesuai                   fairness, in accordance with the provisions in the prevailing laws
ketentuan di dalam peraturan perundang-undangan dan standar               and regulations and GCG implementation standards.
penerapan GCG yang berlaku.


Informasi lebih komprehensif mengenai struktur, kebijakan,                More comprehensive information on GCG structure, policies,
beserta dengan organ penunjangnya, pelaksanaan, pelatihan, dan            along with its supporting organs, implementation, training, and
penilaian GCG dapat dilihat pada bagian Tata Kelola Perusahaan.           assessment can be found in the Corporate Governance section.


Penanggung       Jawab                Penerapan      Keuangan             Person in Charge of Implementing Sustainable
Berkelanjutan [E.1]                                                       Finance [E.1]

Sebagai bagian yang tidak terpisahkan dari implementasi prinsip-          As an integral part of the implementation of GCG principles, the
prinsip GCG, penerapan keuangan berkelanjutan oleh Perseroan              implementation of sustainable finance by the Company is carried
dilaksanakan di bawah tanggung jawab dan koordinasi sejumlah              out under the responsibility and coordination of a number of
organ di dalam struktur Tata Kelola Perusahaan sebagai berikut:           organs in the corporate governance structure as follows:



                                                   Rapat Umum Pemegang Saham
                                                     General Meeting of Shareholders



                          Dewan Komisaris                                                              Direksi
                        Board of Commissioners                                                    Board of Directors



                             Komite Nominasi                             • Asset & Liability
                                                  Komite Pemantau          Committee (ALCO)      Sekretaris Perusahaan          Audit Internal
                             dan Remunerasi
    Komite Audit                                        Risiko           • Early Alert            Corporate Secretary           Internal Audit
                              Nomination and
   Audit Committee                                 Risk Monitoring         Committee (EAC)
                               Remuneration
                                                     Committee           • Retail Alert
                                Committee
                                                                           Committee (RAC)
                                                                         • Operational Risk
                                                                           Management
                                                                           Committee (ORMC)
                                                                         • Customer Experience
                                                                           Committee (CEC)
                                                                         • Risk Management
                                                                           Committee (RMC)
                                                                         • IT Steering
                                                                           Committee




Pengembangan Kompetensi Penerapan Keuangan                                Competency Development For Sustainable Finance
Berkelanjutan [E.2]                                                       Implementation [E.2]

Secara berkala, Perseroan menerapkan pengembangan                         The Company regularly implements competency development
kompetensi bagi Dewan Komisaris, Direksi, Sekretaris Perusahaan,          for the Board of Commissioners, Board of Directors, Corporate
hingga karyawan pada berbagai level organisasi. Hal tersebut              Secretary, and employees at various organizational levels. This is
dilaksanakan atas dasar kesadaran Perseroan atas peran penting            carried out based on the Company’s awareness of the important role



                                                                                              PT JACCS MPM Finance Indonesia
                                                                                           Laporan Tahunan 2023 Annual Report                    171
Page 174
                                                                                         accelerating innovation for further growth



Sumber Daya Manusia dalam keseluruhan upaya pengembangan                  of Human Resources in the overall effort of business development
dan pengelolaan usaha, mencakup pemenuhan penerapan                       and management, including the fulfillment of sustainable finance
keuangan berkelanjutan.                                                   implementation.

Informasi kegiatan pengembangan kompetensi yang diikuti oleh              Information on competency development activities attended
Dewan Komisaris, Direksi, Sekretaris Perusahaan, serta karyawan           by the Board of Commissioners, Board of Directors, Corporate
Perseroan untuk tahun 2023 dapat dilihat pada Bab Profil                  Secretary, and employees of the Company in 2023 can be found in
Perusahaan dan Bab Tata Kelola Perusahaan.                                the Company Profile Chapter and Corporate Governance Chapter.

Penilaian Risiko           Atas       Penerapan       Keuangan            Risk Assessment on the                   Implementation          of
Berkelanjutan [E.3]                                                       Sustainable Finance [E.3]

Perseroan melaksanakan penilaian risiko atas penerapan                    The Company conducts risk assessment on the implementation
keuangan berkelanjutan sebagai bagian yang tidak terpisahkan              of sustainable finance as an integral part of the Company’s
dari keseluruhan sistem manajemen risiko Perseroan. Uraian                overall risk management system. A description of the Company’s
manajemen risiko Perseroan, mencakup dasar penerapan, sistem              risk management, including the basis of implementation, risk
manajemen risiko, serta jenis-jenis risiko yang dihadapi dan upaya        management system, as well as the types of risks to be faced and
mitigasi terhadap masing-masing jenis risiko dapat dilihat pada           mitigation measures against each type of risk can be found in the
Bab Tata Kelola Perusahaan.                                               Corporate Governance Chapter.


Hubungan Dengan Pemangku Kepentingan [E.4]                                Stakeholder Relationships [E.4]

Identifikasi Pemangku Kepentingan Perseroan dan Pelibatan                 Identification of the Company’s Stakeholders and Engagement
dalam Penerapan Keuangan Berkelanjutan                                    in the Implementation of Sustainable Finance
Perseroan senantiasa berupaya melibatkan seluruh pemangku                 The Company always strives to involve all stakeholders to create
kepentingan untuk menciptakan hubungan yang harmonis dan                  a harmonious and mutually beneficial relationship. Therefore, the
saling menguntungkan. Oleh karena itu, Perseroan melakukan                Company identifies each stakeholder element and then determines
identifikasi terhadap masing-masing unsur pemangku kepentingan,           the appropriate method, issues/topics discussed, and frequency of
kemudian menentukan metode, isu/topik yang dibahas, hingga                engagement. Disclosure regarding this subject can be found in the
frekuensi pelibatan yang sesuai. Pengungkapan mengenai hal                following table:
tersebut dapat dilihat melalui tabel di bawah ini:


Pemangku Kepentingan dan Pelibatan dalam Penerapan                        Stakeholders and      Engagement       in   Sustainable   Finance
Keuangan Berkelanjutan                                                    Implementation
Pemangku         Dasar Pemilihan                   Metode Pelibatan                  Isu/Topik yang Dibahas              Frekuensi
Kepentingan      Basis of Selection                Engagement Method                 Discussed Issues and Topics         Pelibatan
Stakeholder                                                                                                              Engagement
                                                                                                                         Frequency
Pelanggan        Kepuasan pelanggan                • Komunikasi langsung sehari-     • Kualitas layanan                  • Setiap hari kerja
Customers        berpengaruh                         hari                            • Kualitas produk/jasa              • Saat diperlukan
                 secara signifikan terhadap        • Pengelolaan Call Center
                 kelangsungan usaha                • Penyediaan akses informasi      • Service quality                   • Every working
                 Perseroan.                          melalui media sosial            • Product/service quality             day
                                                   • Customer Gathering                                                  • As needed
                 Customers’ satisfaction
                 Significantly affects the
                 Company’s business                • Direct daily communication
                 continuity.                       • Call Center Management
                                                   • Providing access to social
                                                     media
                                                   • Customer Gathering
Karyawan         Karyawan merupakan Sumber         • Kegiatan operasional sehari-    • Kesejahteraan karyawan            • Setiap hari kerja
Employees        Daya Manusia yang berperan          hari                            • Aspek Kesehatan dan               • Saat diperlukan
                 penting sebagai aset strategis    • Pertemuan berkala                 Keselamatan Kerja (K3)
                 Perseroan.                        • Employee Gathering              • Penciptaan lingkungan kerja       • Every working
                                                                                       yang kondusif                       day
                 Employees are important           • Daily operational activities                                        • As needed
                 human resources serving           • Periodical meetings             • Employees’ welfare
                 as the Company’s strategic        • Employee Gathering              • Occupational Health and
                 assets.                                                               Safety (OHS) Aspects
                                                                                     • Creating conducive work
                                                                                       environment




              PT JACCS MPM Finance Indonesia
172           Laporan Tahunan 2023 Annual Report
Page 175
   Ikhtisar Kinerja | Performance Highlights         Profil Perseroan | Company Profile         Tata Kelola Perusahaan | Corporate Governance
                                                      Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                         Kinerja Keberlanjutan | Sustainability Performance
                                                   Management Discussion and Analysis




Pemangku          Dasar Pemilihan                  Metode Pelibatan                       Isu/Topik yang Dibahas                Frekuensi
Kepentingan       Basis of Selection               Engagement Method                      Discussed Issues and Topics           Pelibatan
Stakeholder                                                                                                                     Engagement
                                                                                                                                Frequency
Masyarakat        Masyarakat merupakan pihak       • Program kehumasan                    • Pemberdayaan ekonomi                Setiap tahun buku
Public            yang berpotensi menerima         • Sosialisasi kegiatan TJSL            • Bantuan sosial-                     Every fiscal year
                  dampak aktivitas operasional     • Pelaksanaan kegiatan TJSL              kemasyarakatan
                  Perseroan.                      • Public relations program       • Economy empowerment
                  The public is a party who       • CSER activities disseminations • Socio-community donation
                  potentially receives the impact • CSER activities implementation
                  of the Company’s operating
                  activities.
Regulator         Regulator merupakan pihak        • Penyampaian laporan secara           • Pemenuhan regulasi                  • Setiap tahun
Regulator         yang memiliki kewenangan           triwulanan dan tahunan               • Dukungan terhadap                   • Setiap triwulan
                  menentukan aturan bagi           • Pembayaran pajak                       pembangunan berkelanjutan           • Annually
                  Perseroan.                       • Quarterly and annual report          • Regulatory compliance               • Quarterly
                  Regulator is a part with           submission                           • Support to sustainable
                  authorities to determine         • Tax payment                            development
                  regulations for the Company.
Pemegang          Merupakan pihak yang             • RUPS                                 • Kinerja Perseroan                   • Setiap tahun
Saham             memegang kepemilikan atas        • Pembagian dividen                    • Persetujuan atas hal-hal            • Saat diperlukan
Shareholder       Perseroan                        • GMS                                    penting terkait Perseroan           • Annually
                  Is a party with ownership of     • Dividend distribution                • Company performance                 • As needed
                  the Company                                                             • Approval upon significant
                                                                                            matters related to the
                                                                                            Company
Pemasok           Pemasok merupakan mitra          • Proses tender                        • Mekanisme pengadaan                 • Setiap tahun
Supplier          kerja yang menunjang             • Penyampaian informasi bagi             barang dan jasa                     • Saat diperlukan
                  kegiatan operasional               pemasok                              • Pemenuhan terhadap                  • Annually
                  Perseroan.                       • Tender process                         ketentuan dan persyaratan           • As needed
                  Supplier is a business partner   • Information delivery to                dalam proses tender
                  who supports the Company’s         suppliers                            • Products and services
                  operating activities.                                                     procurement mechanism
                                                                                          • Fulfillment of conditions and
                                                                                            requirements in the tender
                                                                                            process
Media Massa       Merupakan pihak eksternal        Press release                          Keterbukaan informasi                 • Secara berkala
Mass Media        yang memberi dampak bagi                                                Perseroan                             • Saat diperlukan
                  kualitas keberlangsungan                                                Company’s information                 • Periodically
                  usaha Perseroan.                                                        disclosure                            • As needed
                  An external party who gives
                  impact on the Company’s
                  business continuity quality.

Permasalahan yang Dihadapi Dalam Penerapan                                 Issues Faced in the Implementation of Sustainable
Keuangan Berkelanjutan [E.5]                                               Finance [E.5]

Hingga 31 Desember 2023, Perseroan tidak mengalami hambatan                As of December 31, 2023, the Company did not face any significant
yang bersifat signifikan dalam upaya penerapan keuangan                    obstacles in the implementation of sustainable finance.
berkelanjutan.

Walaupun demikian, Perseroan secara bertahap melaksanakan                  However, the Company has gradually implemented policies aimed
kebijakan yang ditujukan guna meningkatkan kapasitas Perseroan             at improving the Company’s capacity to plan and implement
dalam merencanakan dan mengimplementasikan penyaluran                      the distribution of benefits to stakeholders, in support of the
manfaat bagi pemangku kepentingan, sebagai dukungan bagi                   achievement of sustainable development goals in Indonesia.
tercapainya tujuan-tujuan pembangunan berkelanjutan di                     This is manifested, among others, through the implementation of
Indonesia. Hal tersebut antara lain terwujud melalui pelaksanaan           competency development programs for management members, as
program pengembangan kompetensi bagi anggota manajemen,                    well as dissemination programs on GCG and sustainable finance
serta program sosialisasi GCG dan penerapan keuangan                       implementation for employees.
berkelanjutan bagi karyawan.

Sebagai upaya dalam menghadapi isu-isu utama penerapan                     In order to address the main issues of sustainable finance
keuangan berkelanjutan, Perseroan mengembangkan strategi                   implementation, the Company has developed a strategy
yang berfokus pada 3 (tiga) aspek penerapan, yaitu ekonomi,                that focuses on 3 (three) aspects of implementation, namely
sosial- kemasyarakatan, serta lingkungan. Pembahasan lebih lanjut          economic, social, and environmental. Further discussion on the
mengenai penerapan strategi pada ketiga aspek tersebut di tahun            implementation of strategies on these three aspects in 2023 can
2023 dapat dilihat pada bab Kinerja Keberlanjutan.                         be found in the Sustainability Performance chapter.



                                                                                                  PT JACCS MPM Finance Indonesia
                                                                                               Laporan Tahunan 2023 Annual Report                   173
Page 176
                                                                                   accelerating innovation for further growth



KINERJA KEBERLANJUTAN [F]
SUSTAINABILITY PERFORMANCE


Membangun Budaya Keberlanjutan [F.1]                               Building A Sustainability Culture [F.1]

Kegiatan bisnis dan operasional Perseroan senantiasa diarahkan     The Company’s business and operating activities are always
tidak hanya sebagai upaya untuk memperoleh keuntungan (profit)     directed not only as an effort to obtain profits but also to channel
namun juga sebagai upaya menyalurkan manfaat bagi karyawan         benefits to employees, society (people), and environment
dan masyarakat (people) hingga lingkungan (planet).                (planet).


Oleh karenanya, Perseroan berkomitmen untuk secara konsisten       Therefore, the Company is committed to consistently implementing
menerapkan praktik-praktik tata kelola perusahaan yang             responsible corporate governance practices, including the
bertanggung jawab, mencakup penerapan pada aspek sosial            implementation of social (labor, consumer, and community) and
(tenaga kerja, konsumen, dan masyarakat) dan lingkungan.           environmental aspects. This is a basic reference for the Company
Hal tersebut merupakan acuan dasar bagi Perseroan dalam            in all business and operating activities, which also serves as a
keseluruhan aktivitas bisnis dan operasional, yang sekaligus       contribution to the achievement of Sustainable Development
berperan sebagai kontribusi di dalam pencapaian tujuan-tujuan      Goals (SDGs) in Indonesia.
pembangunan berkelanjutan (Sustainable Development Goals/
SDGs) di Indonesia.


Upaya sistematis dalam membangun budaya berkelanjutan              Systematic efforts to build a sustainable culture are carried out
dilakukan secara berkala melalui program sosialisasi prinsip GCG   regularly through dissemination programs of GCG principles and
serta praktik pengelolaan keuangan berkelanjutan kepada seluruh    sustainable financial management practices to all employees.
karyawan. Perseroan mengadakan kegiatan-kegiatan seminar dan       The Company conducts seminars and workshops, both routine
lokakarya, baik yang bersifat rutin maupun yang diadakan sesuai    and when deemed necessary. In addition, the Company regularly
kebutuhan. Selain itu, Perseroan secara berkala memastikan         ensures that the values contained in the GCG principles and
bahwa nilai-nilai yang termuat di dalam prinsip GCG dan praktik    sustainable finance practices have been understood and
keuangan berkelanjutan telah dipahami dan diterapkan oleh pihak    implemented by suppliers, as part of the stakeholders.
pemasok, sebagai bagian dari pemangku kepentingan.



             KINERJA EKONOMI | ECONOMIC PERFORMANCE


Perseroan berkomitmen untuk secara terus-menerus memelihara        The Company is committed to continuously maintaining and
serta meningkatkan kinerja ekonomi yang dihasilkan, sebagai        improving its economic performance, as a long-term effort to bring
upaya jangka panjang dalam menghadirkan manfaat bagi segenap       benefits to all stakeholders.
pemangku kepentingan.


Dalam menjalankan seluruh aktivitas bisnis dan operasionalnya,     In carrying out all of its business and operating activities, the
Perseroan berorientasi pada penyaluran manfaat bagi seluruh        Company is oriented towards the distribution of benefits to all
pemangku kepentingan. Kegiatan bisnis yang dijalankannya           stakeholders. The Company’s business activities are expected to
diharapkan mampu memberikan pertambahan nilai ekonomi untuk        deliver additional economic value to be subsequently distributed
selanjutnya didistribusikan kepada seluruh pemangku kepentingan,   to all stakeholders, which include shareholders, employees,
yang meliputi pemegang saham, karyawan, pemasok, regulator,        suppliers, regulators, and the community.
hingga masyarakat.




              PT JACCS MPM Finance Indonesia
174           Laporan Tahunan 2023 Annual Report
Page 177
    Ikhtisar Kinerja | Performance Highlights         Profil Perseroan | Company Profile        Tata Kelola Perusahaan | Corporate Governance
                                                       Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                         Kinerja Keberlanjutan | Sustainability Performance
                                                    Management Discussion and Analysis




Rantai Pasokan                                                              Supply Chain

Memiliki rantai pasokan yang berkelanjutan sangatlah penting bagi           Having a sustainable supply chain is very important for the
bisnis Perseroan agar tetap bertahan di tengah dinamika bisnis              Company’s business to survive in the midst of business dynamics
yang juga diliputi ketidakpastian. Sebagai bagian dari komitmen             filled with uncertainty. As part of the Company’s commitment to
Perseroan dalam menjalankan bisnis yang inklusif, Perseroan                 run an inclusive business, the Company unlocks opportunities for
membuka kesempatan kepada seluruh pihak untuk menjalin                      all parties to cooperate as business partners in fulfilling their needs
kerja sama sebagai mitra bisnis dalam memenuhi kebutuhannya                 as long as the necessary criteria and conditions are met such as
sepanjang kriteria dan syarat yang diperlukan terpenuhi seperti             price, quality, guarantees, and certain certifications if needed and
harga, kualitas, jaminan, dan sertifikasi tertentu jika diperlukan dan      experience. In the procurement process, the Company is required
pengalaman yang dimiliki. Dalam proses pengadaan, Perseroan                 to assess the criteria, performance and suitability of vendors.
wajib melakukan penilaian terhadap kriteria, kinerja, dan kelayakan         Vendor selection can be done through direct appointment, direct
vendor. Pemilihan vendor dapat dilakukan melalui penunjukan                 selection, and competitive tendering.
langsung, pemilihan langsung, dan tender kompetitif.




Dukungan terhadap SDGs           Keterangan
Support for SDGs                 Description
                                 Menciptakan pertumbuhan ekonomi melalui jaringan rantai nilai Perseroan yang terdiri dari pemasok lokal.
                                 Creating economic growth through the Company’s value chain network of local suppliers.



                                 Pelaksanaan proses pengadaan yang inklusif dan transparan telah mendorong praktik pengadaan yang
                                 berkelanjutan.
                                 The implementation of inclusive and transparent procurement processes has encouraged sustainable
                                 procurement practices.
                                 Berkontribusi pada pembangunan nasional melalui kewajiban retribusi dan pajak.
                                 Contributing to national development through levy and tax obligations.




                                                                                                 PT JACCS MPM Finance Indonesia
                                                                                              Laporan Tahunan 2023 Annual Report                    175
Page 178
                                                                                         accelerating innovation for further growth



               KINERJA LINGKUNGAN | ENVIRONMENTAL PERFORMANCE


Penggunaan Material Ramah Lingkungan [F.5]                               Use of Environmentally Friendly Materials [F.5]

Perseroan berupaya menerapkan program paperless pada                     The Company seeks to implement a paperless program in a
sejumlah proses di dalam aktivitas operasional sebagai bagian dari       number of processes in operating activities as part of efforts to
upaya untuk melestarikan lingkungan yang meliputi:                       preserve the environment which includes:
• Penggunaan Document Management System (DMS) untuk                      • Use of Document Management System (DMS) for archiving
  proses pengarsipan di Perseroan.                                         process in the Company.
• Sistem HR (Human Resources) e-solution untuk proses                    • HR (Human Resources) e-solution system for personnel and
  personalia dan administrasi karyawan seperti pengajuan cuti,             employee administration processes such as leave request,
  slip gaji, hingga penilaian kinerja.                                     salary slips, and performance assessment.
• Pengajuan memorandum dengan system e-memo.                             • Submission of memorandum with e-memo system.
• Data warehouse.                                                        • Data warehouse.
• Sistem Informasi Manajemen Audit (SIMA).                               • Audit Management Information System (SIMA).


Selain itu, Perseroan juga melalui sosialisasi kepada para karyawan      In addition, the Company also urges all employees to use their
untuk menggunakan botol air minum sendiri dan mengurangi                 own tumblers and reduce the use of disposable plastic bottles. The
penggunaan botol plastik sekali pakai. Perseroan juga berupaya           Company also strives to reduce the use of plastic bottles.
untuk mengurangi penggunaan botol plastik.


Aspek Energi [F.6, F.7]                                                  Energy Aspect [F.6, F.7]

Perseroan terus melanjutkan program penghematan energi                   The Company continued the energy saving program to reduce the
diadakan untuk mengurangi penggunaan energi listrik di                   use of electrical energy within the Company, especially at the head
lingkungan Perseroan terutama di kantor pusat, dan meningkatkan          office, and enhance employee awareness to have a habit of saving
kesadaran karyawan untuk memiliki kebiasaan menghemat energi.            energy. The dissemination of the program was conducted through
Sosialisasi program dilakukan melalui kampanye di media sosial           a campaign on the Company’s social media. The Company also
Perseroan dan mengadakan kompetisi media sosial kepada                   held a social media competition to all branches and head office.
seluruh cabang dan kantor pusat.




Selain itu, Perseroan melakukan pengukuran terhadap penggunaan           In addition, the Company measures the use of energy in operating
energi di dalam aktivitas operasional. Hasil pengukuran tersebut         activities. The results of these measurements can be seen through
dapat dilihat melalui perbandingan penggunaan listrik dan Bahan          a comparison of the use of electricity and fuel for the last 3 (three)
Bakar Minyak (BBM) selama 3 (tiga) tahun terakhir sebagai berikut:       years as follows:


Konsumsi Energi Perseroan                                                Energy Consumption of the Company
Jenis Energi                      Satuan
                                                                            2023                          2022                          2021
Energy Type                       Unit
Listrik/Electricity               Rupiah                          4.059.856.725                 3.869.364.869                 4.096.331.940
BBM/Fuel                          Rupiah                              682.471.000                 593.243.604                    490.081.917




                PT JACCS MPM Finance Indonesia
176             Laporan Tahunan 2023 Annual Report
Page 179
    Ikhtisar Kinerja | Performance Highlights       Profil Perseroan | Company Profile       Tata Kelola Perusahaan | Corporate Governance
                                                     Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                      Kinerja Keberlanjutan | Sustainability Performance
                                                  Management Discussion and Analysis




Aspek Air [F.8]                                                                                  Water Aspect [F.8]

Perseroan menyadari bahwa penggunaan                                                             The Company realizes that the long-term use
air tanah secara jangka panjang dapat                                                            of groundwater may have a negative impact
berdampak negatif berupa penurunan                                                               in the form of land subsidence. Therefore, as
permukaan tanah. Oleh karena itu, sebagai                                                        a manifestation of the Company’s concern
bentuk kepedulian Perseroan terhadap                                                             for environmental conservation initiatives,
upaya pelestarian lingkungan, Perseroan                                                          the Company fulfills its water needs in
mencukupi kebutuhan air pada aktivitas                                                           operating activities by using clean water
operasional dengan penggunaan air bersih                                                         through the Drinking Water Company (PAM).
melalui Perusahaan Air Minum (PAM). Selain                                                       In addition, the Company also endeavors to
itu, Perseroan juga berupaya menghimbau                                                          urge employees to save water usage by
para     karyawan    untuk    menghemat                                                          conducting campaigns on social media.
penggunaan air dengan melakukan kampanye di media sosial.


Perseroan melakukan pengukuran terhadap volume air yang                   The Company measures the volume of water used in operational
digunakan di dalam aktivitas operasional. Hasil pengukuran                activities. The results of these measurements can be seen through
tersebut dapat dilihat melalui perbandingan volume penggunaan             a comparison of the volume of water usage for the last 3 (three)
air selama 3 (tiga) tahun terakhir sebagai berikut:                       years as follows:


Konsumsi Air Perseroan                                                    Water Consumption of the Company
Uraian                                Satuan
                                                                              2023                         2022                             2021
Description                           Unit
Air                                   Rupiah                           150.845.541                 144.850.592                        112.110.498
Water


Aspek Keanekaragaman Hayati [F.9, F.10]                                   Biodiversity Aspect [F.9, F.10]

Pada dasarnya Perseroan beroperasi pada sejumlah lokasi yang              Basically, the Company operates in a number of locations that do
tidak bersinggungan langsung dengan wilayah konservasi atau               not directly intersect with conservation areas or areas specifically
wilayah yang secara khusus dilindungi oleh negara. Namun                  protected by the state. However, the Company still strives to
demikian, Perseroan tetap berupaya memastikan agar seluruh                ensure that its entire operating activities does not have any impact
rangkaian kegiatan operasional yang dijalankannya tidak memberi           on biodiversity around the operational area.
dampak apa pun terhadap keanekaragaman hayati yang ada di
sekitar area operasional.


Aspek Emisi [F.11, F12]                                                   Emission Aspect [F.11, F12]

Dalam rangka mengurangi emisi yang dihasilkan, Perseroan                  In order to reduce emissions, the Company has implemented a
telah menerapkan sejumlah program antara lain penggunaan                  number of programs including the use of operational vehicles with
jenis kendaraan operasional dengan emisi yang rendah, efisiensi           low emissions, efficient use of operational vehicles, and regular
penggunaan kendaraan operasional, hingga melakukan perawatan              maintenance of operational vehicles.
secara berkala terhadap kendaraan operasional.


Hingga akhir tahun 2023, Perseroan tidak melakukan pengukuran             Until the end of 2023, the Company did not measure the emissions
terhadap emisi yang dihasilkan dari aktivitas operasional.                generated from operating activities.


Aspek Limbah dan Efluen [F.13, F.14, F.15]                                Waste and Effluent Aspect [F.13, F.14, F.15]

Kegiatan usaha Perseroan secara umum tidak menghasilkan                   The Company’s business activities generally do not produce certain
limbah atau efluen tertentu yang berdampak langsung dan                   waste or effluents that have a direct and significant impact on the
signifikan terhadap lingkungan hidup. Oleh karena itu, hingga akhir       environment. Therefore, until the end of 2023, waste management
tahun 2023, pengelolaan limbah yang dilakukan oleh Perseroan              carried out by the Company was only limited to the management of
hanya terbatas pada pengelolaan terhadap sampah kantor, baik              office waste, both at the head office and branch offices.
pada kantor pusat maupun kantor-kantor cabang.




                                                                                              PT JACCS MPM Finance Indonesia
                                                                                           Laporan Tahunan 2023 Annual Report                    177
Page 180
                                                                                         accelerating innovation for further growth



Pengkajian Pembiayaan Kendaraan Listrik                                 Assessment of Electric Vehicle Financing

Perseroan telah memiliki kebijakan atau aturan terkait dengan           The Company has a policy or regulation related to the financing of
pembiayaan kendaraan berbasis listrik (electric vehicle dan hybrid).    electric vehicles and hybrid. As of December 2023, the Company
Hingga Desember 2023, Perseroan telah melakukan pembiayaan              conducted new financing of electric-based vehicles, a total of 14
baru kendaraan berbasis listrik, yaitu total pembiayaan mobil           units of hybrid car financing and 1 unit of electric car financing (total
hybrid sebanyak 14 unit dan mobil listrik 1 unit (total pembiayaan      financing of IDR4.88 billion) and 12 units of motorcycle (hybrid)
Rp4,88 miliar) dan pembiayaan motor (hybrid) sebanyak 12 unit           financing (total financing of IDR251 million).
(total pembiayaan Rp251 juta).


Pengaduan Terkait Lingkungan Hidup [F.16]                               Environmental Complaints [F.16]

Para pemangku kepentingan memperoleh akses komunikasi untuk             Stakeholders have access to communication to submit complaints
menyampaikan pengaduan yang ditujukan kepada:                           addressed to:



                                    PT JACCS Mitra Pinasthika Mustika Finance Indonesia
       Gedung Lippo Kuningan Lantai 25, Jalan H.R. Rasuna Said Kav B-12 Karet Kuningan Kota Jakarta Selatan, DKI Jakarta 12940


Hingga 31 Desember 2023, Perseroan tidak menerima pengaduan             As of 31 December 2023, the Company did not receive any
yang berkaitan dengan masalah lingkungan di sekitar wilayah             complaints related to environmental issues around its operational
operasional.                                                            areas.


Dukungan terhadap SDGs        Keterangan
Support for SDGs              Description
                              Pemakaian air secara bijaksana.
                              Water wise.



                              Menjalankan inisiatif guna mendukung efisiensi energi.
                              Undertaking initiatives to support energy efficiency.



                              •   Pengelolaan sampah yang baik menciptakan lingkungan masyarakat sekitar menjadi bersih dan sehat.
                              •   Pembiayaan kendaraan berbasis listrik.
                              •   Proper waste management creates a clean and healthy environment for the surrounding community.
                              •   Electric vehicle financing.




            KINERJA SOSIAL | SOCIAL PERFORMANCE



Aspek Ketenagakerjaan                                                   Occupational Aspect

Kesetaraan Kesempatan Bekerja [F.18]                                    Equal Employment Opportunities [F.18]
Komitmen Perseroan dalam memenuhi hak seluruh karyawan                  The Company’s commitment to fulfilling the rights of all
untuk mendapatkan kesempatan bekerja yang setara, tanpa                 employees to obtain equal employment opportunities without any
praktik diskriminatif apa pun direalisasikan antara lain, pada proses   discriminatory practices is realized, among others, in the employee
rekrutmen karyawan hingga pemberian promosi jabatan.                    recruitment process to the granting of promotions.


Kebijakan pemberian kesempatan bekerja yang setara telah                The policy of providing equal employment opportunities has
menghasilkan dampak kualitatif berupa peningkatan persentase            resulted in a qualitative impact in the form of an increase in the
karyawan perempuan terhadap laki-laki, dengan perbandingan              percentage of female employees to male employees, with the
sebagai berikut:                                                        following ratio:




               PT JACCS MPM Finance Indonesia
178            Laporan Tahunan 2023 Annual Report
Page 181
   Ikhtisar Kinerja | Performance Highlights      Profil Perseroan | Company Profile            Tata Kelola Perusahaan | Corporate Governance
                                                   Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                         Kinerja Keberlanjutan | Sustainability Performance
                                                Management Discussion and Analysis




Komposisi Karyawan Berdasarkan Gender                                                                        Employee Composition by Gender
 Uraian                                                           2023                                   2022                                  2021
 Description
                                               Jumlah       Persentase            Jumlah          Persentase               Jumlah       Persentase
                                                 Total      Percentage              Total         Percentage                 Total      Percentage
 Laki-Laki                                      2.063            77,85%                1.983           78,38%                1.870           77,59%
 Male
 Perempuan                                        587            22,15%                 547            21,62%                 540            22,41%
 Female
 Jumlah                                         2.650          100,00%                 2.530         100,00%                2.410          100,00%
 Total

Perseroan telah melakukan pengukuran terhadap persentase                The Company has measured the percentage of female employees,
karyawan perempuan, baik pada tingkat perusahaan, tingkat               both at the corporate level, managerial level, and key management,
manajerial, serta manajemen inti, dengan perbandingan selama 3          with a comparison for the last 3 (three) years as follows:
(tiga) tahun terakhir sebagai berikut:

Persentase Karyawan Perempuan                                                                                 Percentage of Female Employees
Uraian                                                                                 2023                        2022                        2021
Description
Tingkat Perusahaan                                                                      22%                         22%                         22%
Corporate Level
Tingkat Manajer                                                                         23%                         22%                         20%
Managerial Level
Tingkat Dewan Komisaris dan Direksi                                                      17%                          0%                            0%
Board of Commissioners and Board of Directors Level

Tenaga Kerja Anak dan Tenaga Kerja Paksa [F.19]                         Child Labour and Forced Labour [F.19]
Perseroan memastikan bahwa seluruh aktivitas operasional                The Company ensures that all operating activities are free from
terbebas dari insiden penggunaan tenaga kerja anak dan tenaga           incidents of child labour and forced labour. The Company has taken
kerja paksa. Perseroan telah melakukan upaya pencegahan berupa          preventive measures in the form of listing the minimum age and
pencantuman usia minimal dan syarat-syarat lain yang harus              other requirements that must be met by prospective employees in
dipenuhi oleh calon karyawan pada proses rekrutmen. Lebih dari          the recruitment process. Furthermore, the Company has met the
itu, Perseroan telah memenuhi pemberian hari libur keagamaan            provision of religious holidays and employee leave rights in order
dan hak cuti karyawan dalam rangka mencegah insiden bekerja             to prevent incidents of working under duress, in accordance with
di bawah paksaan, sesuai peraturan perundang-undangan yang              applicable laws and regulations.
berlaku.


Pemenuhan Remunerasi Karyawan [F.20]                                    Fulfilment of Employee Remuneration [F.20]
Perseroan telah menerapkan pemenuhan remunerasi bagi                    The Company has implemented the fulfilment of remuneration for
karyawan melalui pemberian gaji, tunjangan, hingga fasilitas,           employees through the provision of salaries, benefits, and facilities,
sesuai regulasi ketenagakerjaan yang berlaku. Selain itu, dalam         in accordance with applicable labour regulations. In addition, in
menerapkan pemenuhan remunerasi, Perseroan juga telah                   implementing the fulfilment of remuneration, the Company has also
mempertimbangkan sejumlah faktor meliputi kinerja karyawan,             considered a number of factors including employee performance,
pemenuhan Key Performance Indicators, serta posisi dan                  fulfilment of Key Performance Indicators, as well as the position
kontribusi karyawan terhadap Perseroan.                                 and contribution of employees to the Company.


Pengungkapan rasio gaji karyawan hingga persentase terhadap             Disclosure of the ratio of employee salaries to the percentage of
besaran Upah Minimum Regional (UMR) selama 3 (tiga) tahun               the Regional Minimum Wage (UMR) for the last 3 (three) years is
terakhir adalah sebagai berikut:                                        as follows:
Uraian                                                                                              2023                   2022                2021
Description
Rasio Antara Gaji Pegawai Tertinggi dan Terendah                                                       42                     41                    42
Ratio of Highest Employee Salary to Lowest Employee Salary
Persentase Gaji Pegawai Terendah terhadap Upah Minimum Regional                                     100%                   100%                100%
Percentage of Lowest Employee Salary to the Regional Minimum Wage




                                                                                                  PT JACCS MPM Finance Indonesia
                                                                                               Laporan Tahunan 2023 Annual Report                   179
Page 182
                                                                                    accelerating innovation for further growth



Fasilitas Kesehatan bagi Karyawan                                   Health Facilities for Employees
Fasilitas kesehatan yang dapat dimanfaatkan oleh seluruh            Health facilities that can be utilized by all employees include
karyawan meliputi akses manfaat rawat jalan dan rawat inap,         access to outpatient and inpatient benefits, dental care coverage,
jaminan perawatan gigi, kacamata, pemberian cuti melahirkan,        eyeglasses, maternity leave, and long breaks for employees with
serta istirahat panjang bagi karyawan dengan kondisi kesehatan      certain health conditions.
tertentu.

Lingkungan Bekerja yang Layak dan Aman [F.21]                       Decent and Safe Workplace [F.21]

Sarana Keselamatan Kerja                                            Occupational Safety Facilities
Guna menjamin tersedianya lingkungan bekerja yang layak dan         In order to ensure the availability of a decent and safe workplace
aman bagi seluruh karyawan, Perseroan telah menyediakan             for all employees, the Company has provided a number of facilities,
sejumlah fasilitas, sarana, dan prasarana yang dibutuhkan untuk     and infrastructure needed to reduce risks, thus overcoming
mengurangi risiko hingga menanggulangi insiden di tempat kerja,     incidents in the workplace, in order to maintain the health and
guna menjaga kesehatan serta keselamatan karyawan sebagai           safety of employees as follows:
berikut:
1. Alat Pemadam Api Ringan (APAR);                                  1.   Light Fire Extinguisher (APAR);
2. Smoke Detector dan Fire Sprinkler;                               2.   Smoke Detector and Fire Sprinkler;
3. Pompa Hidran;                                                    3.   Hydrant Pump;
4. Kotak P3K; dan                                                   4.   First Aid Box; and
5. CCTV 24 Jam.                                                     5.   24-hour CCTV.


Tingkat Kecelakaan Kerja                                            Work-related Injuries
Perseroan berkomitmen untuk dapat menciptakan lingkungan kerja      The Company is committed to creating a safe and comfortable
yang aman dan nyaman bagi seluruh karyawan, yang dampaknya          workplace for all employees, the impact of which can be measured
dapat diukur melalui perbandingan tingkat kecelakaan kerja yang     through a comparison of the level of work-related injuries that
terjadi dari tahun ke tahun. Pada tahun 2023, terdapat sejumlah 1   occur from year to year. In 2023, there were 1 case of minor work-
kasus kecelakaan kerja ringan dan 7 kecelakaan kerja berat, atau    related injury and 7 serious work-related injuries, or increased
naik dari tahun 2021 dengan sejumlah 1 (satu) kecelakaan kerja      from 2022 with a total of 1 (one) minor work-related injury and 1
ringan dan 1 (satu) kecelakaan kerja berat.                         (one) serious work-related injury.


Tingkat Perputaran Karyawan                                         Employee Turnover Rate
Pada tahun 2023, Perseroan mencatatkan tingkat perputaran           In 2023, the Company recorded an employee turnover rate of
karyawan dengan persentase 22,4% atau meningkat dibanding           22.4%, increasing from 20.5% in the previous year. The increase
tahun sebelumnya yang sebesar 20,5%. Peningkatan tersebut           was influenced by the expansion of motorbike financing business
dipengaruhi oleh perluasan cakupan bisnis pembiayaan motor,         coverage, including the addition of marketing staff, operations staff,
di antaranya penambahan staf pemasaran, staf operasi, dan staf      and collection staff at the branch level. The addition of employees
collection di tingkat cabang. Penambahan jumlah karyawan untuk      for supporting divisions/departments was tailored to the minimum
divisi/departemen pendukung disesuaikan dengan kebutuhan            needs.
minimal.


Pelatihan dan Pengembangan Kompetensi [F.22]                        Training and Competency Development [F.22]
Pelatihan dan pengembangan kompetensi karyawan dapat dilihat        Employee training and competency development can be found in
pada bagian Sumber Daya Manusia pada Bab Profil Perusahaan.         the Human Resources section in the Company Profile Chapter.


Mekanisme Pengaduan Masalah Ketenagakerjaan                         Employee Grievance Mechanism
Perseroan menjamin tersedianya fasilitas yang dapat dimanfaatkan    The Company ensures the availability of facilities that can be used
oleh karyawan untuk menyampaikan pengaduan masalah                  by employees to submit complaints of occupational issues, as
ketenagakerjaan, sebagai berikut:                                   follows:
• Surat elektronik yang ditujukan kepada Divisi Human Capital.      • Electronic mail addressed to the Human Capital Division.
• Mekanisme Whistleblowing System Perseroan.                        • Mechanism of the Company’s Whistleblowing System.




              PT JACCS MPM Finance Indonesia
180           Laporan Tahunan 2023 Annual Report
Page 183
   Ikhtisar Kinerja | Performance Highlights           Profil Perseroan | Company Profile      Tata Kelola Perusahaan | Corporate Governance
                                                        Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                        Kinerja Keberlanjutan | Sustainability Performance
                                                     Management Discussion and Analysis




Dukungan terhadap SDGs          Keterangan
Support for SDGs                Description
                                Pemberian jaminan sosial tenaga kerja (BPJS) terhadap seluruh karyawan.
                                Provision of labour social security (BPJS) to all employees.



                                Non-diskriminasi terhadap perempuan.
                                Non-discrimination against women.



                                • Tidak ada kerja paksa dan pekerja di bawah umur.
                                • Penyediaan sarana dan prasarana K3.
                                • Lingkungan kerja yang aman dan sehat.
                                • No forced labour and underage labour.
                                • Provision of OHS facilities and infrastructure.
                                • Safe and healthy workplace.


Aspek Masyarakat                                                             Community Aspect

Dampak Operasional Terhadap Masyarakat Sekitar [F.23]                        Operational Impact on the Surrounding Community [F.23]


Perseroan berusaha memberikan manfaat nyata bagi masyarakat                  The Company endeavours to provide tangible benefits to the
melalui pelaksanaan berbagai kegiatan sebagai berikut:                       community through the implementation of various activities as
                                                                             follows:


Penggunaan Tenaga Kerja Lokal                                                Use of Local Workforce
Komitmen Perseroan untuk memajukan perekonomian masyarakat                   The Company’s commitment to advancing the community’s
salah satunya diwujudkan melalui pembukaan lowongan pekerjaan                economy is realized through the opening of job vacancies for
bagi masyarakat yang berdomisili di sekitar kantor. Melalui upaya            people who live around the office. With these initiatives, the
tersebut, Perseroan berharap dapat membawa perubahan dan                     Company expects to bring changes and improvements in the
perbaikan kualitas hidup masyarakat.                                         community’s quality of life.


Mekanisme dan Jumlah Pengaduan Masyarakat [F.24]                             Mechanism and Number of Community Grievance [F.23]
Perseroan menyediakan fasilitas yang dapat dimanfaatkan                      The Company provides facilities that can be utilised by the
masyarakat untuk menyampaikan pengaduan terkait masalah                      community to submit complaints related to problems arising from
yang timbul dari aktivitas operasional. Selama tahun 2023,                   operating activities. Throughout 2023, the Company did not
Perseroan tidak menerima pengaduan, sanksi, atau denda apa pun               receive any complaints, sanctions, or fines regarding such issues.
berkenaan dengan masalah tersebut.


Dukungan terhadap SDGs          Keterangan
Support for SDGs                Description
                                Penyerapan tenaga kerja lokal.
                                Absorption of local labour.




                                                                                                 PT JACCS MPM Finance Indonesia
                                                                                              Laporan Tahunan 2023 Annual Report                   181
Page 184
                                                                                   accelerating innovation for further growth



MEMBERIKAN PELAYANAN YANG SETARA
KEPADA KONSUMEN [F.17]
PROVIDING EQUAL SERVICE TO CONSUMERS


Mekanisme Pengaduan Pelanggan                                       Customer Complaint Mechanism

Perseroan berkomitmen untuk mengutamakan pemenuhan hak              The Company is committed to prioritizing the fulfilment of customer
pelanggan, yang secara mendasar diatur di dalam peraturan           rights, which are basically regulated in the prevailing laws and
perundang-undangan yang berlaku, tanpa adanya praktik-praktik       regulations, without any discriminatory practices.
diskriminatif apa pun.


Pelanggan merupakan pemangku kepentingan yang berdampak             Customers are stakeholders that have a significant impact on
signifikan bagi kelangsungan dan pengembangan usaha                 the Company’s business continuity and development. Therefore,
Perseroan. Oleh karena itu, Perseroan berupaya memberikan           the Company strives to provide good and equal service for all
layanan yang baik dan setara bagi seluruh pelanggan yang            customers, which among others is realized through the provision
antara lain direalisasikan melalui penyediaan fasilitas pengaduan   of customer complaint facilities, which can be accessed easily
pelanggan, yang dapat diakses secara mudah melalui alamat           through the address www.jaccs-mpmfinance.com.
www.jaccs-mpmfinance.com.


Perseroan membentuk komite yang secara khusus mengelola             The Company established a committee that specifically manages
pelayanan dan penanganan pelanggan, yaitu Customer                  customer service and handling, namely the Customer Experience
Experience Committee. Sebagai upaya dalam menangani keluhan,        Committee. As an effort to handle complaints, grievances,
pengaduan, penyampaian saran, hingga kritik dari pelanggan.         suggestions, and criticism from customers.


Adapun peraturan-peraturan yang menjadi landasan penerapan          The regulations that serve as the basis for the implementation of
penyediaan akses pengaduan pelanggan meliputi:                      providing access to customer complaints include:
• Undang-undang Republik Indonesia No. 8 Tahun 1999 tentang         • Law of the Republic of Indonesia No. 8 Year 1999 on Consumer
   Perlindungan Konsumen;                                               Protection;
• POJK No. 18/POJK.07/2018 tentang Layanan Pengaduan                • OJK Rule No. 18/POJK.07/2018 on Consumer Complaint
   Konsumen di Sektor Jasa Keuangan;                                    Services in the Financial Services Sector;
• SEOJK No. 17/SEOJK.07/2018 tentang Pedoman Pelaksanaan            • OJK Circular Letter No. 17/SEOJK.07/2018 on Guidelines for
   Layanan Pengaduan Konsumen di Sektor Jasa Keuangan;                  the Implementation of Consumer Complaint Services in the
                                                                        Financial Services Sector;
•   POJK No. 22 Tahun 2023 tentang Perlindungan Konsumen dan        • OJK Rule No. 22/POJK.07/2023 on Consumer and Community
    Masyarakat di Sektor Jasa Keuangan; dan                             Protection in the Financial Services Sector; and
•   Ketentuan peraturan perundang-undangan lain yang relevan.       • Provisions of other relevant laws and regulations.


Mekanisme pengaduan pelanggan yang telah disediakan oleh            The customer complaint mechanism that has been provided by the
Perseroan dapat dilihat melalui penjabaran berikut:                 Company can be seen through the following description:




              PT JACCS MPM Finance Indonesia
182           Laporan Tahunan 2023 Annual Report
Page 185
   Ikhtisar Kinerja | Performance Highlights          Profil Perseroan | Company Profile       Tata Kelola Perusahaan | Corporate Governance
                                                       Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                        Kinerja Keberlanjutan | Sustainability Performance
                                                    Management Discussion and Analysis




   01                                          02                                             03

      Konsumen/Pelapor                          Perseroan melakukan verifikasi data dan           Perseroan menerima
      menyampaikan pengaduan                    dokumen Konsumen/Pelapor                          pengaduan
      Customer/Reporting Party can              The Company verifies Customer/Reporting           The Company receives
      file complaint                            Party's data and documents                        the complaint



                                               06                                             05                                             04

                  Perseroan menindaklanjuti                               Perseroan melakukan               Konsumen/Pelapor menerima
                               pengaduan                                 investigasi pengaduan          informasi nomor tiket pengaduan
                The Company follows up the                          The Company investigates                   Customer/Reporting Party
                                    report                                        the report            receives complaint ticket number
                                                                                                                              information



  07                                                                           08

      Perseroan memberikan penjelasan penyelesaian pengaduan                      Konsumen/Pelapor menerima penyelesaian pengaduan
      kepada Konsumen/Pelapor                                                     oleh Perseroan
      The Company provides explanation and solution of the report                 Customer/Reporting Party accepts the solution of the
      to the Customer/Reporting Party                                             complaint by the Company


Sistem Pengaduan Pelanggan                                                  Customer Complaint System

Konsumen dapat menyampaikan pengaduan secara lisan dan/atau                 Consumers may submit complaints verbally and/or in writing,
tulisan, melalui email pelanggan@jaccs-mpmfinance.com, nomor                via email pelanggan@jaccs-mpmfinance.com, hotline number
hotline 1500309, datang langsung dan/atau menghubungi nomor                 1500309, come directly and/or call the Branch telephone number,
telepon Cabang, dan/atau mengirimkan surat yang ditujukan                   and/or send a letter addressed to the nearest Branch Office or
kepada Kantor Cabang terdekat atau Kantor Pusat JACCS MPM                   JACCS MPM Finance Indonesia Head Office.
Finance Indonesia.
                                                                            Complaints will be rejected by the Company under the following
Pengaduan akan ditolak oleh Perseroan dengan kondisi sebagai                conditions:
berikut:                                                                    • The Consumer/Complainant does not complete the document
∙ Konsumen/Pelapor tidak melengkapi persyaratan dokumen                        requirements that have been submitted by the Company;
  yang telah disampaikan oleh Perseroan;                                    • The complaint that had previously been resolved by the
∙ Pengaduan yang sebelumnya telah diselesaikan oleh Perseroan                  Company in accordance with OJK rules;
  sesuai aturan OJK;                                                        • The complaint is not related to material loss and/or potential
∙ Pengaduan tidak terkait dengan kerugian dan/atau potensi                     loss as stated in the agreement; and
  kerugian materill sebagaimana tercantum dalam perjanjian; dan             • The complaint is not related to financing transactions issued
∙ Pengaduan tidak terkait dengan transaksi pembiayaan yang                     by the Company.
  dikeluarkan oleh Perseroan.


Proses penyelesaian pengaduan membutuhkan 10 hari kerja.                    The complaint resolution process takes 10 working days. The
Perseroan akan menyampaikan pemberitahuan kepada Konsumen/                  Company will notify the Consumer/Complainant if the settlement
Pelapor jika penyelesaian lebih dari waktu yang ditentukan.                 exceeds the specified time.


Sepanjang tahun 2023, Perseroan menerima sejumlah 167                       Throughout 2023, the Company received a total of 167 custom-
pengaduan pelanggan yang seluruhnya (100%) telah ditindaklanjuti            er complaints, all of which (100%) have been followed up and
dan diselesaikan. Jumlah tersebut mengalami kenaikan 56%                    resolved. This number has increased by 56% compared to the
dibandingkan tahun sebelumnya sebanyak 107 pengaduan                        previous year of 107 customer complaints, which have also been
pelanggan, yang juga telah ditindaklanjuti dan diselesaikan.                followed up and resolved.




                                                                                                PT JACCS MPM Finance Indonesia
                                                                                             Laporan Tahunan 2023 Annual Report                183
Page 186
                                                                                         accelerating innovation for further growth



Inovasi dan Pengembangan Produk/Jasa [F.26]                               Innovation and Product/Service Development [F.26]

Melalui inovasi dan pengembangan atas produk/jasa yang                    Through innovation and development of the products/services, the
diberikannya, Perseroan senantiasa ingin memberikan dampak                Company always wants to have a positive impact on customers.
positif bagi pelanggan.


Perseroan memiliki program berkala berupa kegiatan literasi dan           The Company has regular programs in the form of financial literacy
inklusi keuangan yang dipublikasikan secara luas dan dapat diikuti        and inclusion activities that are widely publicized and can be fol-
baik oleh pelanggan maupun masyarakat umum.                               lowed by both customers and the general public.


Produk/Jasa yang Dievaluasi Keamanannya [F.27]                            Products/Services Safety Evaluation [F.27]

Hingga 31 Desember 2023, tidak terdapat produk atau jasa                  As of 31 December 2023, none of the Company’s products or ser-
Perseroan yang dievaluasi kembali keamanannya, mencakup                   vices have been re-evaluated for safety, including as a result of
akibat adanya insiden tertentu terkait keamanan pelanggan.                specific incidents related to customer safety.


Dampak Produk/Jasa Bagi Pelanggan [F.28]                                  Product/Service Impact on Customers [F.28]

Literasi dan Inklusi Keuangan                                             Financial Literacy and Inclusion
Komitmen Perseroan untuk meyakinkan para konsumen atau                    The Company’s commitment to assuring customers or prospective
calon konsumen bahwa produk/jasa yang ditawarkannya dapat                 customers that the products/services may have a positive impact
memberikan dampak positif bagi mereka diwujudkan melalui                  on them is manifested through the implementation of financial ed-
penerapan program edukasi dan inklusi keuangan bagi pelanggan             ucation and inclusion programs for customers, which were held in
yang untuk tahun 2023 diselenggarakan dengan rincian sebagai              2023 with the following details:
berikut:

Realisasi Program Edukasi Keuangan                                                                Financial Education Program Realization
Tanggal                  Tema/Judul Kegiatan                                     Media Sosial             Jumlah Impresi            Jumlah
Date                     Activity Title/Theme                                    Social Media             Number of Impression        Total

15 Februari/February     Tips Mencapai Financial Wellness                        Instagram & Facebook        1.241 (IG)                1.819
2023                     Tips to Achieve Financial Wellness                                                  578 (FB)

25 Februari/February     Bangun Usaha di Modalin MyCash                          Instagram & Facebook        1.465 (IG)                2.149
2023                     Build your business with Modalin MyCash                                             684 (FB)

16 Juni/June 2023        Cara Mengamankan Pendanaan Untuk Bisnis Anda            Instagram                   917 (IG)                   917
                         How to Secure Funding for Your Business

31 Juli/July 2023        5 Hal Penting Yang Perlu Kamu Penuhi Saat Baru          Instagram & Facebook        1.061 (IG)               2.429
                         Gajian                                                                              1.368 (FB)
                         5 Important Things You Need to Fulfill When You
                         Just Received Salary

29 Agustus/August        Perbedaan Bunga Flat dan Efektif                        Instagram                   1.450 (IG)               1.450
2023                     Difference between Flat and Effective Interest

15 September 2023        Kredit Macet : Apa yang perlu diketahui dan faktor      Instagram & Facebook        1.692 (IG)               3.088
                         penyebab kredit macet                                                               1.396 (FB)
                         Bad Credit: What you need to know and the factors
                         that cause bad credit

30 November 2023         Tips Atur Keuangan Menyambut Akhir Tahun                Instagram                   1.283 (IG)               1.283
                         Tips for organizing your finances for the end of the
                         year




              PT JACCS MPM Finance Indonesia
184           Laporan Tahunan 2023 Annual Report
Page 187
   Ikhtisar Kinerja | Performance Highlights           Profil Perseroan | Company Profile        Tata Kelola Perusahaan | Corporate Governance
                                                        Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                          Kinerja Keberlanjutan | Sustainability Performance
                                                     Management Discussion and Analysis




Pelaksanaan Inklusi                                                          Implementation of Inclusion
Pada tanggal 13-15 Oktober 2023, Perseroan turut berpartisipasi              On 13-15 October 2023, the Company participated in Multifinance
dalam kegiatan Multifinance Day 2023 yang diadakan di Atrium                 Day 2023 held at Atrium Palembang Indah Mall. This activity was a
Palembang Indah Mall. Kegiatan ini adalah perwujudan dari                    manifestation of the Company’s commitment to improving financial
komitmen Perseroan dalam meningkatkan literasi keuangan dan                  literacy and providing solutions of financing products needed by
memberikan solusi produk-produk pembiayaan yang dibutuhkan                   the community.
oleh masyarakat.


Produk yang Ditarik Kembali [F.29]                                           Recalled Products [F.29]

Hingga 31 Desember 2023, tidak terdapat informasi terkait produk             As of 31 December 2023, there was no information related to prod-
yang ditarik kembali dari peredaran, mencakup akibat adanya                  ucts recalled from circulation, including due to violations of con-
pelanggaran atas peraturan perlindungan konsumen, untuk                      sumer protection regulations, to be presented considering that the
disajikan mengingat Perseroan merupakan perusahaan yang                      Company is a company operating in the financial services industry.
beroperasi pada industri jasa keuangan.


Survei Kepuasan Pelanggan [F.30]                                             Customer Satisfaction Survey [F.30]

Untuk tahun 2023, Perseroan melakukan survei Net Promoter Score              In 2023, the Company conducted a Net Promoter Score (NPS)
(NPS) untuk mengukur loyalitas Pelanggan terhadap Perseroan,                 survey to measure customer loyalty towards the Company, with
dengan perolehan skor mencapai 59,55% dari sejumlah 3.612                    the score reaching 59.55% from a total of 3,612 consumers. The
konsumen. Hasil survei menunjukkan bahwa terdapat 59,55% dari                survey results showed that there were 59.55% of 3,612 consum-
3.612 konsumen yang berpeluang untuk kembali membeli layanan                 ers who were likely to buy the Company’s services again, or rec-
Perseroan, atau merekomendasikan layanan Perseroan kepada                    ommend the Company’s services to acquaintances or people
kenalan atau orang-orang di sekitarnya.                                      around them.


Dukungan terhadap SDGs          Keterangan
Support for SDGs                Description


                                Berpartisipasi dalam berbagai kegiatan untuk meningkatkan literasi dan inklusi keuangan dan memberikan
                                solusi produk-produk pembiayaan yang dibutuhkan oleh masyarakat.
                                Participating in various activities to increase financial literacy and inclusion and provide solutions for financing
                                products needed by the community.


                                Mengutamakan pemenuhan hak pelanggan tanpa adanya praktik-praktik diskriminatif apa pun.
                                Promoting the fulfillment of customer rights without any discriminatory practices.




                                                                                                   PT JACCS MPM Finance Indonesia
                                                                                                Laporan Tahunan 2023 Annual Report               185
Page 188
                                                                                                   accelerating innovation for further growth



REFERENSI SILANG POJK 51/POJK.03/2017 [G.4]
POJK NO. 51 CROSS REFERENCE


                                                                                Pengungkapan                                                     Halaman
      POJK 51/OJK.03/2017
                                                                                  Disclosure                                                      Page

A. Strategi Keberlanjutan Sustainability Strategy

A.1 Penjelasan Strategi Keberlanjutan/Explanation of Sustainability Strategy                                                                       168

B. Ikhtisar Kinerja Aspek Berkelanjutan Sustainability Aspect Performance Highlights

B.1                              Kuantitas produksi atau jasa yang dijual
Aspek Ekonomi                    Quantity of products and services being sold
(3 tahun terakhir)
Economic Aspect                  Pendapatan atau penjualan
(last 3 years)                   Revenues or sales

                                 Laba atau rugi bersih
                                                                                                                                                   6
                                 Net profits or loss

                                 Produk ramah lingkungan
                                 Environmentaly friendly products

                                 Pelibatan pihak lokal yang berkaitan dengan proses bisnis Keuangan Berkelanjutan
                                 Involving local party who are related to Sustainable Financial business process

B.2                              Penggunaan energi (listrik dan air)
Aspek                            Energy usage (electricity and water)
Lingkungan Hidup
Environmental Aspect             Pengurangan emisi yang dihasilkan
                                 Reducing emission production
                                                                                                                                                   10
                                 Pengurangan limbah dan efluen yang dihasilkan
                                 Reducing waste and effluent production

                                 Pelestarian keanekaragaman hayati
                                 Biodiversity preservation

B.3                              Dampak positif dan negatif dari penerapan Keuangan Berkelanjutan
Aspek Sosial                     Positive and negative impact from the implementation of Sustainable Finance
Social Aspect                                                                                                                                      10
                                 Pengeluaran biaya untuk masyarakat
                                 Allocated fund for the community

C. Profil Perseroan Company Profile

C.1                              Visi, misi, dan nilai keberlanjutan Perusahaan
                                                                                                                                                   32
                                 Vision, mission, and sustainability value of the Company

C.2                              Nama, alamat, nomor telepon, nomor faksimili, email, dan situs resmi
                                                                                                                                                   28
                                 Name, address, phone number, fax number, email, and official website

C.3                              Skala Usaha (total aset atau kapitalisasi aset, total kewajiban, jumlah karyawan yang dibagi menurut jenis
                                 kelamin, jabatan, usia, pendidikan, dan status ketenagakerjaan), Persentase kepemilikan saham (publik dan
                                 pemerintah), Wilayah operasional
                                                                                                                                                   34
                                 Scale of Business (total assets or assets capitalization, total liabilities, total employees based on gender,
                                 position, age, education, and employment status), Share Ownership Percentage (public and government),
                                 Operational Area

C.4                              Penjelasan singkat produk, layanan, dan kegiatan usaha yang dijalankan
                                                                                                                                                   35
                                 Brief explanation on products, services, and business activities

C.5                              Keanggotaan pada asosiasi
                                                                                                                                                   37
                                 Membership in association

C.6                              Perubahan Perseroan yang bersifat signifikan misal terkait dengan penutupan atau pembukaan cabang, dan
                                 struktur kepemilikan                                                                                              37
                                 Significant changes in the Company, such as the closing or opening of branches, and ownership structure

D. Penjelasan Direksi Board of Directors’ Explanation

D.1                              Kebijakan untuk merespons tantangan dalam pemenuhan strategi keberlanjutan
                                                                                                                                                   24
                                 Policy to response to challenges in fulfilling sustainability strategy

D.2                              Penjelasan respons Perseroan terkait penerapan Keuangan Berkelanjutan
                                                                                                                                                   24
                                 Explanation on the Company’s response related to the implementation of Sustainable Finance

D.3                              Strategi Pencapaian Target
                                                                                                                                                   22
                                 Target Achievement Strategy




                PT JACCS MPM Finance Indonesia
186             Laporan Tahunan 2023 Annual Report
Page 189
      Ikhtisar Kinerja | Performance Highlights                Profil Perseroan | Company Profile         Tata Kelola Perusahaan | Corporate Governance
                                                                Analisis dan Diskusi Manajemen
 Laporan Manajemen | Management Report                                                                   Kinerja Keberlanjutan | Sustainability Performance
                                                             Management Discussion and Analysis




                                                                                    Pengungkapan                                                    Halaman
      POJK 51/OJK.03/2017
                                                                                      Disclosure                                                     Page

E. Tata Kelola Keberlanjutan Sustainability Governance

E.1                                Penanggung jawab penerapan Keuangan Berkelanjutan
                                                                                                                                                        97
                                   Responsible Person for the implementation of Sustainable Finance

E.2                                Pengembangan kompetensi terkait Keuangan Berkelanjutan
                                                                                                                                                       107
                                   Competency Development related to Sustainable Finance

E.3                                Penilaian Risiko atas Penerapan Keuangan Keberlanjutan
                                                                                                                                                     146, 172
                                   Risk Assessment on Sustainable Finance Implementation

E.4                                Hubungan dengan Pemangku Kepentingan
                                                                                                                                                     163, 172
                                   Relationship with the Stakeholders

E.5                                Permasalahan terhadap Penerapan keberlanjutan/Topik Utama Keberlanjutan
                                                                                                                                                       173
                                   Issues with sustainability Implementation/Key Sustainability Topics

F. Kinerja Keberlanjutan Sustainability Performance

F.1                                Kegiatan membangun budaya keberlanjutan
                                                                                                                                                       174
                                   Activities to establish sustainability culture

Kinerja Ekonomi Economic Performance

F.2                                Perbandingan Target dan Kinerja Produksi, Portofolio, Target Pembiayaan, atau Investasi, Pendapatan dan
                                   Laba Rugi
                                                                                                                                                        86
                                   Comparison of Target and Production Performance, Portfolio, Financing Target, or Investment, Income and
                                   also Profit and Loss

F.3                                Perbandingan Target dan Kinerja Portofolio, Target Pembiayaan, atau Investasi pada Instrumen Keuangan atau
                                   Proyek yang Sejalan dengan Keuangan Berkelanjutan
                                                                                                                                                        86
                                   Comparison of Targets and Portfolio Performance, Financing Targets, or Investments in Financial Instruments
                                   or Projects Compatible with Sustainable Finance

Kinerja Lingkungan Hidup Environment Performance

Aspek Umum                         F.4    Biaya Lingkungan Hidup
                                                                                                                                                       N/A
General Aspect                            Environmental Cost

Aspek Material                     F.5    Penggunaan Material yang Ramah Lingkungan
                                                                                                                                                       176
Material Aspect                           The Use of Environmentally Friendly Materials

Aspek Energi                       F.6    Jumlah dan Intensitas Energi yang Digunakan
                                                                                                                                                       170
Energy Aspect                             Amount and Intensity of Energy Used

                                   F.7    Upaya dan Pencapaian Efisiensi Energi dan Penggunaan Energi Terbarukan
                                                                                                                                                       170
                                          Efforts and Achievements of Energy Efficiency and The Use of Renewable Energy

Aspek Air                          F.8    Penggunaan Air
                                                                                                                                                        177
Water Aspect                              The Use of Water

Aspek Keanekaragaman               F.9    Dampak dari Wilayah Operasional yang Dekat atau Berada di Daerah Konservasi atau Memiliki
Hayati                                    Keanekaragaman Hayati                                                                                         177
Biodiversity Aspect                       Impact of Operational Areas Nearby or Located in Conservation Areas or Possessing Biodiversity

                                   F.10 Usaha Konservasi Keanekaragaman Hayati
                                                                                                                                                        177
                                        Biodiversity Conservation Effort

Aspek Emisi                        F.11   Jumlah dan Intensitas Emisi yang Dihasilkan Berdasarkan Jenisnya
                                                                                                                                                        177
Emission Aspect                           Amount and Intensity of Emissions Produced Based on Type

                                   F.12 Upaya dan Pencapaian Pengurangan Emisi yang Dilakukan
                                                                                                                                                        177
                                        Emission Reduction Efforts and Achievements

Aspek Limbah                       F.13 Jumlah Limbah dan Efluen yang Dihasilkan Berdasarkan Jenis
                                                                                                                                                        177
dan Efluen                              Amount of Waste and Effluent Produced Based on Type
Waste and
Effluent Aspects                   F.14 Mekanisme Pengelolaan Limbah dan Efluen
                                                                                                                                                        177
                                        Waste and Effluent Management Mechanism

                                   F.15 Tumpahan yang Terjadi (jika ada)
                                                                                                                                                       N/A
                                        Spills Occurred (if any)

Aspek Pengaduan Terkait            F.16 Jumlah dan Materi Pengaduan Lingkungan Hidup yang Diterima dan Diselesaikan
Lingkungan Hidup                        Number and Material of Environmental Complaints Received and Resolved
                                                                                                                                                       178
Aspects of Complaints
Related to the Environment




                                                                                                           PT JACCS MPM Finance Indonesia
                                                                                                        Laporan Tahunan 2023 Annual Report                    187
Page 190
                                                                                                accelerating innovation for further growth



                                                                               Pengungkapan                                                   Halaman
      POJK 51/OJK.03/2017
                                                                                 Disclosure                                                    Page

Kinerja Sosial Social Performance

                               F.17 Komitmen untuk Memberikan Layanan atas Produk dan/atau Jasa yang Setara kepada Konsumen
                                                                                                                                                182
                                    Commitment to Providing Equal Products and/or Services to Consumers

Aspek Ketenagakerjaan          F.18 Kesetaraan Kesempatan Bekerja
                                                                                                                                                178
Employment Aspect                   Equal Employment Opportunity

                               F.19 Tenaga Kerja Anak dan Tenaga Kerja Paksa
                                                                                                                                                179
                                    Child Labor and Forced Labor

                               F.20 Upah Minimum Regional
                                                                                                                                                179
                                    Regional Minimum Wage

                               F.21 Lingkungan Bekerja yang Layak dan Aman
                                                                                                                                                180
                                    Decent and Safe Working Environment

                               F.22 Pelatihan dan Pengembangan Kemampuan Pegawai
                                                                                                                                                180
                                    Employee Capabilities Training and Development

Aspek Masyarakat               F.23 Dampak Operasi Terhadap Masyarakat Sekitar
                                                                                                                                                181
Community Aspect                    Impact of Operations on Surrounding Communities

                               F.24 Pengaduan Masyarakat
                                                                                                                                                181
                                    Public Complaint

                               F.25 Kegiatan Tanggung Jawab Sosial Lingkungan (TJSL)
                                                                                                                                                170
                                    Environmental and Social Responsibility Activities (ESRA)

Tanggung Jawab Pengembangan Produk dan/atau Jasa Keuangan Berkelanjutan
Sustainable Finance Products and/Services Development Responsibility

F.26                           Inovasi dan Pengembangan Produk/Jasa Berkelanjutan
                                                                                                                                                184
                               Innovation and Sustainable Product/Service Development

F.27                           Produk dan jasa yang sudah dievaluasi keamanannya bagi pelanggan
                                                                                                                                                184
                               Products and services regarding the safety for customers

F.28                           Dampak Produk/Jasa
                                                                                                                                                184
                               Product/Service Impact

F.29                           Jumlah produk yang ditarik kembali
                                                                                                                                                185
                               Total recalled products

F.30                           Survei kepuasan pelanggan terhadap produk dan/atau Jasa Keuangan Keberlanjutan
                                                                                                                                                185
                               Customer satisfaction survey on products and/or Sustainability Financial Services

G. Lain-lain Others

                               Verifikasi Tertulis dari Pihak Independen ( jika ada)
G.1                                                                                                                                             N/A
                               Written Verification from an Independent Party (if any)

                               Lembar Umpan Balik
G.2                                                                                                                                             189
                               Feedback Sheet

                               Tanggapan Terhadap Umpan Balik Laporan Keberlanjutan Tahun Sebelumnya
G.3                                                                                                                                             N/A
                               Review on Previous Year's Sustainability Report Feedback

                               Daftar Pengungkapan Sesuai Peraturan Otoritas Jasa Keuangan Nomor 51/POJK.03/2017 tentang Penerapan
                               Keuangan Berkelanjutan bagi Lembaga Jasa Keuangan, Emiten, dan Perusahaan Publik
G.4                                                                                                                                           186-188
                               List of Disclosures According to Financial Services Authority Regulation Number 51/POJK.03/2017 concerning
                               the Implementation of Sustainable Finance for Financial Services Institutions, Issuers, and Public Companies


Keterangan/Notes:
N/A: Tidak Ada/Not Available




               PT JACCS MPM Finance Indonesia
188            Laporan Tahunan 2023 Annual Report
Page 191
      Ikhtisar Kinerja | Performance Highlights           Profil Perseroan | Company Profile          Tata Kelola Perusahaan | Corporate Governance
                                                           Analisis dan Diskusi Manajemen
    Laporan Manajemen | Management Report                                                            Kinerja Keberlanjutan | Sustainability Performance
                                                        Management Discussion and Analysis




LEMBAR UMPAN BALIK
FEEDBACK FORM


Kami mengucapkan terima kasih saudara telah membaca Laporan                     We would like to thank you for reading this 2023 Annual Report.
Tahunan 2023 ini. Untuk meningkatkan kualitas dan memenuhi                      To improve our report quality and fulfill lfuture expectations, kindly
harapan ke depannya kami berharap bisa mendapatkan masukan.                     please give input about it. As your opinion really matters, allow us
Respons saudara sangat berarti bagi kami, oleh karenanya izinkan                to ask you a few questions regarding this report.
kami menanyakan beberapa hal terkait laporan ini.


    No.    Pertanyaan/Question                                                                                                      Ya/Yes      Tidak/No

     1.    Laporan ini memberi informasi yang bermanfaat./This report contains useful information.

     2.    Laporan ini mudah dimengerti./This report is easily understood.

           Laporan ini telah mendorong saudara untuk berkontribusi dalam keberlanjutan.
     3.
           This report inspires you to make contribution within the sustainability aspect.
           Seberapa penting/menarik kinerja di bawah ini:/How important/interesting the following performance:                      (Skala/Scale 1-10)
     4.    Kinerja Ekonomi/Economic Performance
     5.    Kinerja Sosial/Social Performance
     6.    Kinerja Lingkungan /Environment Performance
     7.    Materi apa yang dirasa perlu ditambahkan:/What other kind of information should be included in next report?




     8.    Kontribusi apa yang dirasa perlu ditingkatkan Perseroan:/What kind of contribution does the Company need to improve?




     9.    Saran dan masukan lain:/Any other input or advice:




Profil Pemangku Kepentingan/Stakeholder Profile

(     ) Pemegang Saham/Investor               (   ) Karyawan           (   ) Konsumen            (     ) Masyarakat             (   ) Pemerintah
        Shareholder/Investor                        Employee                 Consumer                    Community                    Government
(     ) Mitra Bisnis                          (   ) Media              (   ) LSM                 (     ) Lain-lain
        Business Partner                            Media                    NGOs                        Others

Jenis Kelamin/Gender                                :
Usia/Age                                            :
Pekerjaan/Job                                       :
Pendidikan Akhir/Latest Education                   :

Terima kasih atas partisipasi Anda. Mohon agar lembar umpan balik ini dikirimkan kembali ke alamat:
Thank you for your participation. Please return this feedback form:


PT JACCS Mitra Pinasthika Mustika Finance Indonesia
Lippo Kuningan, Lantai 23 & 25/23rd & 25th Floor
Jl. H.R. Rasuna Said Kav. B-12
Kuningan, Jakarta 12940
Indonesia




                                                                                                        PT JACCS MPM Finance Indonesia
                                                                                                     Laporan Tahunan 2023 Annual Report               189
Page 192
                                                                                            accelerating innovation for further growth



PERNYATAAN DEWAN KOMISARIS DAN DIREKSI
TENTANG TANGGUNG JAWAB ATAS
LAPORAN TAHUNAN 2023 PT JACCS MITRA
PINASTHIKA MUSTIKA FINANCE INDONESIA
STATEMENT OF THE BOARD OF COMMISSIONERS AND THE BOARD OF DIRECTORS
ON THE RESPONSIBILITY FOR THE 2023 ANNUAL REPORT
OF PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

Kami yang bertanda tangan di bawah ini menyatakan bahwa semua             We, the undersigned, hereby declare that all information in
informasi dalam Laporan Tahunan PT JACCS Mitra Pinasthika                 the 2023 Annual Report of PT JACCS Mitra Pinasthika Mustika
Mustika Finance Indonesia Tahun 2023 telah dimuat secara                  Finance Indonesia has been presented in its entirety and we are
lengkap dan kami bertanggung jawab penuh atas kebenaran isi               fully responsible for the accuracy of the contents in this Annual
Laporan Tahunan ini.                                                      Report.

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

                                                           Jakarta, 29 April 2024

                                           DEWAN KOMISARIS | BOARD OF COMMISSIONERS




                                                            TOSHIYA KANAME
                                                   Komisaris Utama | President Commissioner

         BENNY REDJO SETYONO                                                                              CHIHIRO USHIGOME
           Komisaris | Commissioner                                                                       Komisaris | Commissioner




                            JOSAPHAT BUDISATYAWIRA                                              ALIP
                   Komisaris Independen | Independent Commissioner         Komisaris Independen | Independent Commissioner



                                                  DIREKSI | BOARD OF DIRECTORS




                                                            KAZUHIRO INOUE
                                                      Direktur Utama | President Director

          HAJIMU YUKIMOTO                                                                                VENKY CHARLES SUTIONO
    Direktur Keuangan | Finance Director                                                                       Direktur | Director




              SUPRIYANTO                                   GESTIK DWI PUJI M.                                 KAZUNORI INOUE
             Direktur | Director                              Direktur | Director                              Direktur | Director




              PT JACCS MPM Finance Indonesia
190           Laporan Tahunan 2023 Annual Report
Page 193
LAPORAN
KEUANGAN
FINANCIAL
STATEMENTS
Page 194

          
Page 195
PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA



                   LAPORAN KEUANGAN/
                  FINANCIAL STATEMENTS



             TAHUN BERAKHIR 31 DESEMBER 2023/
               YEAR ENDED 31 DECEMBER 2023
Page 196
                         PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA




                                            HALAMAN/
ISI                                           PAGE                                   CONTENTS

SURAT PERNYATAAN TANGGUNG JAWAB                               BOARD OF DIRECTORS’ STATEMENT OF
  DIREKSI                                                                     RESPONSIBILITY

LAPORAN KEUANGAN TAHUN BERAKHIR                                          FINANCIAL STATEMENTS
  31 DESEMBER 2023:                                             YEARS ENDED 31 DECEMBER 2023:

      LAPORAN POSISI KEUANGAN                    1           STATEMENTS OF FINANCIAL POSITION

      LAPORAN LABA RUGI DAN PENGHASILAN                         STATEMENTS OF PROFIT OR LOSS
         KOMPREHENSIF LAIN                       2        AND OTHER COMPREHENSIVE INCOME

      LAPORAN PERUBAHAN EKUITAS                  3           STATEMENTS OF CHANGES IN EQUITY

      LAPORAN ARUS KAS                           4                 STATEMENTS OF CASH FLOWS

      CATATAN ATAS LAPORAN KEUANGAN            5 - 83      NOTES TO THE FINANCIAL STATEMENTS

LAPORAN AUDITOR INDEPENDEN                                        INDEPENDENT AUDITORS’ REPORT
Page 197

          
Page 198
                            PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

                     LAPORAN POSISI KEUANGAN/STATEMENTS OF FINANCIAL POSITION
          (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)




                                          Catatan/      31 Desember/      31 Desember/
ASET                                       Notes       December 2023     December 2022                                        ASSETS

Kas dan bank                              4,6,34,35          309.035)          438.206)                   Cash on hand and in banks
Piutang pembiayaan - bersih                4,7,35                                                          Financing receivables - net
  Pihak ketiga                                              6.601.168)        6.387.217)                               Third parties
Piutang sewa pembiayaan - bersih            4,8,35                                                     Finance lease receivables - net
  Pihak ketiga                                                759.216)          884.247)                               Third parties
Beban dibayar dimuka                          9                22.261)           27.792)                            Prepaid expenses
Piutang lain-lain                         4,10,34,35          235.753)          186.056)                            Other receivables
Aset derivatif                            4,11,34,35           67.388)          184.703)                             Derivative assets
Aset pajak tangguhan - bersih                 31               86.675)           81.865)                     Deferred tax assets - net
Aset tetap - bersih                           12               52.188)           40.648)                            Fixed assets - net
Aset takberwujud - bersih                     13               11.844)           14.608)                        Intangible assets - net
Aset lain-lain                              14,30              12.514)           47.465)                                  Other assets
JUMLAH ASET                                                 8.158.042)        8.292.807)                             TOTAL ASSETS


LIABILITAS DAN EKUITAS                                                                                    LIABILITIES AND EQUITY

LIABILITAS                                                                                                               LIABILITIES
Utang pajak                                                     5.792)           29.524)                               Taxes payable
Utang usaha                               4,15,34,35           58.962)           56.813)                            Accounts payable
Liabilitas lain-lain                       4,16,35             58.345)           47.483)                               Other liabilities
Beban yang masih harus dibayar            4,17,34,35           39.108)           60.135)                           Accrued expenses
Pinjaman yang diterima                    4,18,34,35        4.972.981)        5.333.491)                                   Borrowings
Liabilitas derivatif                      4,11,34,35           78.076)           60.169)                           Derivative liabilities
Utang obligasi                            4,20,34,35          922.521)          649.324)                               Bonds payable
Surat utang jangka menengah                 4,19,35           302.098)          301.942)                           Medium term notes
Pinjaman subordinasi                      4,21,34,35           13.096)           13.096)                            Subordinated loan
JUMLAH LIABILITAS                                           6.450.979)        6.551.977)                         TOTAL LIABILITIES

EKUITAS                                                                                                                       EQUITY
Modal saham - nilai nominal Rp1.000.000                                                                      Share capital - par value
  (nilai penuh) per saham                                                                     Rp1,000,000 (full amount) per share
  Modal dasar dan modal ditempatkan dan                                                      Authorized capital and issued and fully
  disetor penuh 1.224.475 saham              22             1.224.475)        1.224.475)          paid-up capital 1,224,475 shares
Tambahan modal disetor                       24               243.689)          243.689)                     Additional paid-in capital
Cadangan lindung nilai arus kas              11               (31.430)          (29.188)                 Cash flows hedging reserves
Komponen ekuitas lain                                           1.971)            1.971)                     Other equity components
Saldo laba                                                                                                          Retained earnings
  Telah ditentukan penggunaannya             23               150.017)          140.017)                               Appropriated
  Belum ditentukan penggunaannya                              118.341)          159.866)                            Unappropriated
JUMLAH EKUITAS                                              1.707.063)        1.740.830)                              TOTAL EQUITY

JUMLAH LIABILITAS DAN EKUITAS                               8.158.042)        8.292.807)          TOTAL LIABILITIES AND EQUITY




Catatan atas laporan keuangan merupakan bagian yang tidak         The accompanying notes to the financial statements form an integral
terpisahkan dari laporan keuangan.                                part of these financial statements.




                                                              1
Page 199
                               PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

 LAPORAN LABA RUGI DAN PENGHASILAN KOMPREHENSIF LAIN/STATEMENTS OF PROFIT OR LOSS AND
                                 OTHER COMPREHENSIVE INCOME
        (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)




                                                           Tahun berakhir 31 Desember/
                                                Catatan/     Year ended 31 December
                                                 Notes        2023             2022
PENDAPATAN                                                                                                                        INCOME
Pembiayaan                                                                                                                       Financing
  Pihak ketiga                                                1.023.472)            996.239)                                Third parties
Sewa pembiayaan                                                                                                              Finance lease
  Pihak ketiga                                                  104.195)            130.853)                                Third parties
Lain-lain                                                                                                                           Others
  Pihak berelasi                                 25,34           67.406)             69.479)                              Related parties
  Pihak ketiga                                    25            409.431)            358.123)                                Third parties

JUMLAH PENDAPATAN                                             1.604.504)          1.554.694)                               TOTAL INCOME

BEBAN                                                                                                                           EXPENSES
Beban keuangan                                   26,34         (523.445)           (462.973)                              Financing charges
Penyisihan kerugian penurunan nilai               27           (542.610)           (476.259)                Provision for impairment losses
Gaji dan tunjangan                               28,34         (301.315)           (294.614)                       Salaries and allowances
Umum dan administrasi                            29,34         (233.910)           (191.093)                    General and administrative

JUMLAH BEBAN                                                 (1.601.280)         (1.424.939)                            TOTAL EXPENSES

LABA SEBELUM PAJAK PENGHASILAN                                    3.224)            129.755)              INCOME BEFORE INCOME TAX

BEBAN PAJAK PENGHASILAN                           31             (2.800)            (28.776)                      INCOME TAX EXPENSE

LABA BERSIH                                                           424)          100.979)                                  NET INCOME

PENGHASILAN KOMPREHENSIF LAIN,                                                                               OTHER COMPREHENSIVE
  SETELAH PAJAK PENGHASILAN:                                                                           INCOME, NET OF INCOME TAX:

Pos-pos yang tidak akan                                                                                          Items that will never be
  direklasifikasikan ke laba rugi                                                                         reclassified to profit or loss
Pengukuran kembali aktuaria atas                                                                         Actuarial remeasurement of post-
  kewajiban imbalan pascakerja, setelah                                                            employment benefits obligation, net of
  pajak penghasilan                                              (1.649)              7.887)                                 income tax

Pos-pos yang akan direklasifikasikan ke                                                                       Items that will be reclassified
  laba rugi                                                                                                              to profit or loss
Perubahan nilai wajar neto dari lindung nilai                                                                       Net changes in fair value
  atas arus kas, setelah pajak penghasilan                       (2.242)             57.702)       of cash flows hedge, net of income tax

PENGHASILAN KOMPREHENSIF LAIN,                                                                               OTHER COMPREHENSIVE
  SETELAH PAJAK PENGHASILAN                                      (3.891)             65.589)            INCOME, NET OF INCOME TAX

JUMLAH (RUGI) LABA KOMPREHENSIF                                  (3.467)            166.568) TOTAL COMPREHENSIVE (LOSS) INCOME


Laba per saham dasar (nilai penuh)                32                  346)           82.467)             Earnings per share (full amount)




Catatan atas laporan keuangan merupakan bagian yang tidak               The accompanying notes to the financial statements form an integral
terpisahkan dari laporan keuangan.                                      part of these financial statements.




                                                                  2
Page 200
                                                                 PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

                                                       LAPORAN PERUBAHAAN EKUITAS/STATEMENTS OF CHANGES IN EQUITY
                                                  (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)




                                                                                                       Saldo laba/Retained earnings
                                                                  Tambahan                                                              Komponen
                                                                 modal disetor/     Lindung nilai    Telah ditentukan Belum ditentukan   ekuitas                Jumlah
                                      Catatan/   Modal saham/      Additional      arus kas/ Cash    penggunaannya/ penggunaannya/ lain/Other equity         ekuitas/ Total
                                       Notes     Share capital   paid-in capital    flows hedges      Appropriated     Unappropriated  components                equity

Saldo pada tanggal 31 Desember 2021                  1.224.475          243.689           (86.890)          130.017             61.000)             1.971        1.574.262)              Balance as of 31 December 2021

Pembentukan cadangan umum               23                   -                 -                -)           10.000            (10.000)                  -                -)               Appropriation of general reserve

Laba bersih tahun berjalan                                   -                 -                -)                 -          100.979)                   -         100.979)                         Net income for the year

Penghasilan komprehensif lain,                                                                                                                                                      Other comprehensive income, net of
  setelah pajak penghasilan                                                                                                                                                                              income tax

Perubahan nilai wajar neto dari                                                                                                                                                   Net changes in fair value of cash flows
  lindung nilai atas arus kas           11                   -                 -           57.702)                 -                  -)                 -          57.702)                                     hedges
Pengukuran kembali aktuaria atas                                                                                                                                                       Actuarial remeasurement of post-
  kewajiban imbalan kerja                                    -                 -                -)                 -             7.887)                  -           7.887)            employment benefits obligation
                                                                                                                                                                          )
Saldo pada tanggal 31 Desember 2022                  1.224.475          243.689           (29.188)          140.017           159.866)              1.971        1.740.830)              Balance as of 31 December 2022

Pembentukan cadangan umum               23                   -                 -                -)           10.000            (10.000)                  -                    -            Appropriation of general reserve

Dividen tunai                           22                   -                 -                -)                 -           (30.300)                  -         (30.300)                                  Cash dividend

Laba bersih tahun berjalan                                   -                 -                -)                 -               424)                  -             424)                         Net income for the year

Penghasilan komprehensif lain,                                                                                                                                                      Other comprehensive income, net of
  setelah pajak penghasilan                                                                                                                                                                              income tax

Perubahan nilai wajar neto dari                                                                                                                                                   Net changes in fair value of cash flows
  lindung nilai atas arus kas           11                   -                 -           (2.242)                 -                  -)                 -           (2.242)                                    hedges
Pengukuran kembali aktuaria atas                                                                                                                                                       Actuarial remeasurement of post-
  kewajiban imbalan kerja                                    -                 -                -)                 -            (1.649)                  -           (1.649)           employment benefits obligation

Saldo pada tanggal 31 Desember 2023                  1.224.475          243.689           (31.430)          150.017           118.341)              1.971        1.707.063)              Balance as of 31 December 2023




Catatan atas laporan keuangan merupakan bagian yang tidak terpisahkan dari laporan keuangan.                   The accompanying notes to the financial statements form an integral part of these financial statements.



                                                                                                        3
Page 201
                             PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

                             LAPORAN ARUS KAS/STATEMENTS OF CASH FLOWS
              (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)



                                                            Tahun berakhir 31 Desember/
                                                 Catatan/     Year ended 31 December
                                                  Notes        2023            2022
                                                                                                                  CASH FLOWS FROM
ARUS KAS DARI AKTIVITAS OPERASI                                                                            OPERATING ACTIVITIES
Penerimaan kas dari:                                                                                                Cash received from:
  Transaksi pembiayaan                                        4.785.012)        4.786.984)                     Financing transactions
  Transaksi sewa pembiayaan                                     693.830)          684.319)                 Finance lease transactions
  Pendapatan administrasi                          25           229.513)          192.019)                     Administration income
  Denda dari pelanggan                                           40.879)           45.970)                  Penalties from customers
  Pendapatan bunga                                 25            15.215)            2.644)                            Interest income
  Lain - lain                                                   180.829)          179.067)                                       Other
Jumlah penerimaan kas                                         5.945.278)        5.891.003)                           Total cash received

Pengeluaran kas untuk:                                                                                         Cash disbursements for:
  Transaksi pembiayaan                                       (4.506.549)       (4.392.184)                     Financing transactions
  Transaksi sewa pembiayaan                                    (489.338)         (456.640)                 Finance lease transactions
  Beban usaha                                                  (244.637)         (143.289)                       Operating expenses
  Gaji dan tunjangan                                           (313.870)         (280.145)                   Salaries and allowances
  Beban keuangan                                               (495.249)         (523.776)                         Financing charges
Jumlah pengeluaran kas                                       (6.049.643)       (5.796.034)                    Total cash disbursements

Pembayaran pajak penghasilan                                    (30.243)          (10.421)                     Payment of income taxes

Kas bersih (digunakan untuk) diperoleh dari                                                                Net cash (used in) provided
  aktivitas operasi                                            (134.608)           84.548)                   by operating activities

ARUS KAS DARI AKTIVITAS INVESTASI                                                                      CASH FLOW FROM INVESTING
                                                                                                                             ACTIVITIES
Penerimaan dari penjualan aset tetap               12             5.035)            6.165)            Proceeds from sale of fixed assets
Perolehan aset tetap                                             (5.414)           (3.451)                   Acquisition of fixed assets
Perolehan aset tak berwujud                        13            (8.953)           (6.036)               Acquisition of intangible assets

Kas bersih digunakan untuk aktivitas investasi                   (9.332)           (3.322)        Net cash used in investing activities

                                                                                                      CASH FLOW FROM FINANCING
ARUS KAS DARI AKTIVITAS PENDANAAN
                                                                                                                           ACTIVITIES
Penerimaan dari pinjaman yang diterima                        2.743.852)        5.684.834)                   Proceeds from borrowings
Pembayaran pinjaman yang diterima                            (2.960.652)       (5.350.702)                     Payments of borrowings
Penerimaan dari utang obligasi                                  400.000)          600.000)                Proceeds from bonds payable
Pembayaran dari utang obligasi                                 (130.000)         (616.000)                  Payments of bonds payable
Penerimaan dari surat utang jangka menengah                           -)          300.000)            Proceeds from medium term notes
Pembayaran dari surat utang jangka menengah                           -)         (300.000)              Payments of medium term notes
Dividen tunai                                      22           (30.300)                -)                               Cash Dividend
Pembayaran liabilitas sewa                         37            (8.131)           (8.113)                   Payment of lease liabilities
Kas bersih diperoleh dari                                                                                        Net cash provided by
   aktivitas pendanaan                                           14.769)         310.019)                        financing activities

(PENURUNAN) KENAIKAN BERSIH KAS DAN                                                                     NET (DECREASE) INCREASE
  BANK                                              6          (129.171)         391.245)        IN CASH ON HAND AND IN BANKS

                                                                                                     CASH ON HAND AND IN BANKS,
KAS DAN BANK, AWAL TAHUN                                        438.206)           46.961)              BEGINNING OF THE YEAR

                                                                                                            CASH ON HAND AND IN
KAS DAN BANK, AKHIR TAHUN                           6           309.035)         438.206)               BANKS, END OF THE YEAR




Catatan atas laporan keuangan merupakan bagian yang tidak            The accompanying notes to the financial statements form an integral
terpisahkan dari laporan keuangan.                                   part of these financial statements.




                                                                 4
Page 202
                           PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

                CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
          (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


1.   INFORMASI UMUM                                               1.   GENERAL INFORMATION
     a.   Pendirian dan informasi umum Perusahaan                      a.   Establishment and general information of the
                                                                            Company
          PT JACCS Mitra Pinasthika Mustika Finance                         PT JACCS Mitra Pinasthika Mustika Finance
          Indonesia (dahulu PT Mitra Pinasthika Mustika                     Indonesia (formerly PT Mitra Pinasthika Mustika
          Finance) (“Perusahaan”), didirikan dengan nama                    Finance) (“the Company”), was established under
          PT Elbatama Securindo pada tanggal 3 Mei 1990                     the name of PT Elbatama Securindo on 3 May
          berdasarkan Akta Notaris Rachmat Santoso, S.H.,                   1990 based on Notarial Deed No. 26 of Rachmat
          No. 26. Akta Notaris ini telah disahkan oleh                      Santoso, S.H. The Deed of Establishment was
          Menteri Kehakiman Republik Indonesia (sekarang                    approved by the Ministry of Justice of the
          Menteri Hukum dan Hak Asasi Indonesia) melalui                    Republic of Indonesia (now Indonesian Ministry of
          Surat Keputusan No. C2-4110.HT.01.01.Th.90                        Law and Human Rights) in its Decision Letter No.
          tanggal 16 Juli 1990 dan telah diumumkan dalam                    C2-4110.HT.01.01.Th.90 dated 16 July 1990 and
          Tambahan No. 85 pada Berita Negara Republik                       was published in Supplement No. 85 to the State
          Indonesia No. 1583 tanggal 26 Juli 1990.                          Gazette of the Republic of Indonesia No. 1583
                                                                            dated 26 July 1990.
          Perusahaan memperoleh izin usaha sebagai                          The Company obtained its license to operate as
          Perusahaan pembiayaan dari Menteri Keuangan                       a financing company from the Ministry of Finance
          dalam Surat Keputusan No. 68/KMK.017/1994                         based on Decision Letter No. 68/KMK.017/1994
          tanggal 5 Maret 1994. Sesuai dengan pasal 3                       dated 5 March 1994. In accordance with article 3
          Anggaran Dasar, Perusahaan berusaha dalam                         of the Company’s Articles of Association, the
          bidang lembaga pembiayaan yang mencakup                           Company engages as a financial institution in the
          kegiatan usaha:                                                   following lines of business:
           pembiayaan investasi;                                            investment financing;
           pembiayaan modal kerja;                                          working capital financing;
           pembiayaan multiguna; dan                                        multipurpose financing; and
           kegiatan usaha pembiayaan lain berdasarkan                       other financing business activities based on the
            persetujuan Otoritas Jasa Keuangan (“OJK”).                       approval of the Financial Services Authority
                                                                              (“OJK”).
          Perusahaan berlokasi di Lippo Kuningan, Lantai                    The Company’s registered office is located at
          25, Jalan H.R. Rasuna Said Kav. B-12, Kuningan,                   Lippo Kuningan, 25th Floor, Jalan H.R. Rasuna
          Jakarta 12920, Indonesia. Pada tanggal                            Said Kav. B-12, Kuningan, Jakarta 12920,
          31 Desember 2023, Perusahaan memiliki 90                          Indonesia. As of 31 December 2023, the
          kantor cabang dan 5 kantor pemasaran (tidak                       Company had 90 branches and 5 marketing
          diaudit) yang tersebar di wilayah Indonesia.                      points (unaudited) throughout Indonesia. The
          Perusahaan memulai operasi komersialnya pada                      Company started its commercial operations in
          tahun 1994.                                                       1994.
          Surat keputusan sirkuler pemegang saham                           The circular resolutions in lieu of an extraordinary
          sebagai pengganti dari Rapat Umum Pemegang                        general meeting of shareholders of each of the
          Saham Luar Biasa masing-masing dari                               Company and PT Sasana Artha Finance dated
          Perusahaan dan PT Sasana Artha Finance                            23 April 2014 (notarized by deed of notary public
          tanggal 23 April 2014 (disahkan dalam akta                        Jose Dima Satria, S.H., M.Kn., No. 37 and No. 38
          notaris Jose Dima Satria, S.H., M.Kn., No. 37 dan                 dated 24 April 2014) resolved among other to
          No. 38 tanggal 24 April 2014) menyetujui                          approve the merger between the Company and
          penggabungan usaha antara Perusahaan dan                          PT Sasana Artha Finance, which was effective on
          PT Sasana Artha Finance, yang efektif terhitung                   14 May 2014, whereby the Company became the
          pada tanggal 14 Mei 2014, dimana Perusahaan                       surviving entity.
          merupakan surviving entity.
          Anggaran dasar Perusahaan telah mengalami                         The Company’s Articles of Association have been
          beberapa kali perubahan. Perubahan terakhir                       amended several times. The latest amendment to
          terhadap anggaran dasar Perusahaan dilakukan                      the Company’s Articles of Association was
          dengan Akta No. 37 tanggal 6 Desember 2019                        effected by notarial deed No. 37 dated 6
          yang dibuat dihadapan Jose Dima Satria, S.H., M.                  December 2019 of Jose Dima Satria, S.H., M.Kn.,
          Kn., notaris di Jakarta. Akta perubahan ini telah                 notary public in Jakarta. This amendment has
          diberitahukan dan diterima oleh Menteri Hukum                     been informed and received by the Ministry of
          dan Hak Asasi Manusia Republik Indonesia                          Law and Human Rights of the Republic of
          berdasarkan Surat Penerimaan Pemberitahuan                        Indonesia based on Receipt Letter No. AHU-
          No. AHU-010393.AH.01.02 tanggal 10 Desember                       010393.AH.01.02 dated 10 December 2019.
          2019.
          Perusahaan adalah bagian dari kelompok usaha                      The Company is part of JACCS Co., Ltd., Japan
          JACCS Co., Ltd., Jepang (“JACCS”) yang                            (“JACCS”) which is a diversified global company
          merupakan perusahaan global yang menawarkan                       whose business provides a broad range of
          berbagai ragam jasa keuangan. Pemegang                            financial services. The majority shareholders of
          saham mayoritas dari JACCS adalah MUFG                            JACCS is MUFG Bank, Ltd., a Company based in
          Bank, Ltd., yang berkedudukan di Jepang.                          Japan.
          Entitas induk terakhir adalah Mitsubishi UFJ                      The ultimate parent is Mitsubishi UFJ Financial
          Financial Group (MUFG).                                           Group (MUFG).
                                                              5
Page 203
                                 PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

                CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
          (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)



1.   INFORMASI UMUM (Lanjutan)                                                      1.     GENERAL INFORMATION (Continued)
     b.   Dewan Komisaris dan Direksi                                                      b.     Board of Commissioners and Board of
                                                                                                  Directors
          Susunan Dewan Komisaris Perusahaan pada                                                 The composition of the Company’s Boards of
          tanggal 31 Desember 2023 dan 2022 adalah                                                Commissioners as of 31 December 2023 and
          sebagai berikut:                                                                        2022 was as follows:
                                                                2023                                    2022

            Komisaris Utama                    :          Toshiya Kaname                      Toshiya Kaname                 :        President Commissioner
            Komisaris                          :                 -                            Takahiro Nagoshi               :                  Commissioner
            Komisaris                          :        Benny Redjo Setyono                 Benny Redjo Setyono              :                  Commissioner
            Komisaris Independen               :       Josaphat Budisatyawira              Josaphat Budisatyawira            :     Independent Commissioner

          Susunan Direksi Perusahaan pada tanggal                                                 The composition of the Company’s Board of
          31 Desember 2023 dan 2022 adalah sebagai                                                Directors as of 31 December 2023 and 2022 was
          berikut:                                                                                as follows:
                                                                2023                                    2022

            Direktur Utama                     :                 -                              Kojun Sato                   :               President Director
            Direktur                           :         Kazuhiro Inoue*)                           -                        :                         Director
            Direktur                           :         Hajimu Yukimoto                     Hajimu Yukimoto                 :                         Director
            Direktur                           :       Venky Charles Sutiono               Venky Charles Sutiono             :                         Director
            Direktur                           :            Gestik DP                                -                       :                         Director
            Direktur                           :            Supriyanto                          Supriyanto                   :                         Director
          *) Berdasarkan keputusan pemegang saham sesuai dengan akta nomor                        *) Based on shareholder decree in accordance with deed number 395
          395 tanggal 25 Januari 2024, Kazuhiro Inoue telah diangkat menjadi                      dated 25 January 2024, Kazuhiro Inoue has been appointed as
          Direktur Utama.                                                                         President Director.

          Laporan keuangan Perusahaan disusun oleh                                                The financial statements of the Company were
          Direksi dan diotorisasi untuk terbit pada tanggal                                       prepared by the Board of Directors and
          20 Maret 2024.                                                                          authorized for issue on 20 March 2024.
     c.   Komite Manajemen Risiko, Komite Pemantau                                         c.     Risk Management Committee, Risk Monitoring
          Risiko, Komite Audit dan Komite Nominasi dan                                            Committee, Audit Committee and Nomination and
          Remunerasi                                                                              Remuneration Committee
          Pada tanggal 31 Desember 2023 dan 2022                                                  As of 31 December 2023 and 2022, the
          susunan Komite Manajemen Risiko, Komite                                                 composition of the Company’s Risk Management
          Pemantau Risiko, Komite Audit dan Komite                                                Committee, Risk Monitoring Committee, Audit
          Nominasi dan Remunerasi Perusahaan adalah                                               Committee and Nomination and Remuneration
          sebagai berikut:                                                                        Committee was as follows:
                                                             2023                                2022
          Komite Manajemen Risiko                                                                                                Risk Management Committee
          Ketua                            :               Handoko                              Handoko                :                               Chairman
          Anggota                          :       Direksi/Board of Directors       Direksi/Board of Directors         :                                Members
                                                       Lingling Liesuanto               Lingling Liesuanto
                                                       Melinda Lilananda                    Gestik DP
                                                    Nugroho Budi Santoso             Nugroho Budi Santoso
                                                             2023                                2022
          Komite Pemantau Risiko                                                                                                    Risk Monitoring Committee
          Ketua                            :       Josaphat Budisatyawira                          -                   :                               Chairman
          Anggota                          :                Hendry                              Hendry                 :                                Members
                                                             2023                                2022
          Komite Audit                                                                                                                         Audit Committee
          Ketua                            :       Josaphat Budisatyawira           Josaphat Budisatyawira             :                               Chairman
          Anggota                          :          Yusuke Yoshimoto                   Yusuke Yoshimoto              :                                Members
                                                           Hendry                             Hendry
                                                             2023                                2022
          Komite Nominasi dan                                                                                                    Nomination and Remuneration
            Remunerasi                                                                                                                            Committee
          Ketua                            :       Josaphat Budisatyawira           Josaphat Budisatyawira             :                               Chairman
          Anggota                          :           Toshiya Kaname                   Toshiya Kaname                 :                               Members
                                                      Benny Redjo Setyo                Benny Redjo Setyo

                                                                                6
Page 204
                            PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

                CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
          (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)



1.   INFORMASI UMUM (Lanjutan)                                        1.   GENERAL INFORMATION (Continued)

     d.   Sekretaris Perusahaan dan Unit Audit Internal                    d.   Corporate Secretary and Internal Audit Unit

          Berdasarkan Surat Keputusan No. Ref: 0855/                            Based on Decision Letter No. Ref: 0855/MPMF/
          MPMF/HRM/03/2019 tanggal 28 Maret 2019,                               HRM/03/2019 dated 28 March 2019, the
          Perusahaan mengangkat Suviana sebagai                                 Company appointed Suviana as Corporate
          Sekretaris Perusahaan, efektif sejak tanggal                          Secretary, effective since 1 April 2019. The
          1 April 2019. Penunjukkan Sekretaris Perusahaan                       Corporate Secretary’s appointment has complied
          telah memenuhi persyaratan sebagaimana diatur                         with the requirements of OJK Regulation No.
          dalam Peraturan OJK No. 35/POJK.04/2014.                              35/POJK.04/2014.

          Berdasarkan Surat Keputusan Sirkuler Pemegang                         Based on Circular Resolutions of Shareholders
          saham tanggal 4 November 2021 Perusahaan                              dated 4 November 2021 the Company appointed
          menunjuk Rino Bayu Irawan sebagai Kepala Audit                        Rino Bayu Irawan as Head of Internal Audit
          Internal efektif sejak tanggal 1 Desember 2021.                       effective since 1 December 2021. The Head of
          Penunjukan Kepala Audit Internal telah memenuhi                       Internal Audit’s appointment has complied with
          persyaratan sebagaimana diatur dalam Peraturan                        the     requirements    of   OJK    Regulation
          OJK         No.       30/POJK.05/2014      dan                        No. 30/POJK.05/2014 and No. 56/POJK.04/2015.
          No. 56/POJK.04/2015.

     e.   Pada tanggal 31 Desember 2023 dan 2022,                          e.   As of 31 December 2023 and 2022, the Company
          Perusahaan mempunyai masing-masing 1.416                              had 1,416 (unaudited) and 1,434 (unaudited)
          (tidak diaudit) dan 1.434 (tidak diaudit) karyawan                    permanent employees, respectively.
          tetap.

     f.   Laporan keuangan ini disajikan dalam bahasa                      f.   These financial statements are presented in
          Indonesia dan Inggris. Dalam hal terdapat                             Indonesian and English languages. Should there
          perbedaan penafsiran akibat penerjemahan                              be any difference in interpretation due to
          bahasa, maka yang digunakan sebagai acuan                             translation, the Indonesian version shall prevail.
          adalah bahasa Indonesia.


2.   DASAR PENYUSUNAN                                                 2.   BASIS OF PREPARATION

     a.   Pernyataan kepatuhan                                             a.   Statement of compliance

          Laporan keuangan telah disusun dan disajikan                          The financial statements have been prepared and
          sesuai dengan Standar Akuntansi Keuangan                              presented in accordance with Indonesian
          (“SAK”) di Indonesia.                                                 Financial Accounting Standards (“SAK”).

          Laporan keuangan juga disusun dan disajikan                           The financial statements have also been
          sesuai dengan peraturan Badan Pengawas Pasar                          prepared and presented in accordance with
          Modal dan Lembaga Keuangan (“BAPEPAM-LK”,                             Capital Market and Financial Institutions
          yang fungsinya dialihkan kepada OJK sejak                             Supervisory Agency (“BAPEPAM-LK”, whose
          tanggal 1 Januari 2013) No. VIII.G.7 yang                             function has been transferred to OJK starting
          merupakan lampiran keputusan ketua BAPEPAM-                           1 January 2013) rule No. VIII.G.7, Appendix of
          LK No.KEP-347/BL/2012 tanggal 25 Juni 2012                            the Decree of the Chairman of the BAPEPAM-LK
          tentang “Penyajian dan Pengungkapan Laporan                           No.KEP-347/BL/2012 dated 25 June 2012
          Keuangan Emiten atau Perusahaan Publik”.                              regarding “Financial Statements Presentation
                                                                                and Disclosure of the Issuer or Public Company”.

     b.   Dasar pengukuran                                                 b.   Basis of measurement

          Laporan keuangan disusun atas dasar akrual                            The financial statements are prepared on the
          (kecuali laporan arus kas) dengan menggunakan                         accrual basis (except for the statement of cash
          konsep nilai historis, kecuali bila standar akuntansi                 flows) using the historical cost concept, except
          mengharuskan pengukuran dengan nilai wajar.                           where the accounting standards require fair value
                                                                                measurement.




                                                                  7
Page 205
                         PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

              CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
        (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)



2. DASAR PENYUSUNAN (Lanjutan)                                   2.   BASIS OF PREPARATION (Continued)
   c.   Laporan arus kas                                              c.   Statement of cash flows

        Laporan arus kas menyajikan perubahan dalam                        The statement of cash flows presents the
        kas dan bank dari aktivitas operasi, investasi dan                 changes in cash on hand and in banks from
        pendanaan, dan disusun dengan metode                               operating, investing and financing activities, and
        langsung.                                                          is prepared using the direct method.

   d.   Mata uang fungsional dan penyajian                            d.   Functional and presentation currency

        Laporan keuangan disajikan dalam Rupiah, yang                      The financial statements are presented in Rupiah,
        mana merupakan mata uang fungsional                                which is the functional currency of the Company.
        Perusahaan. Semua informasi keuangan yang                          All financial information presented in Rupiah has
        disajikan dalam Rupiah telah dibulatkan ke dalam                   been rounded to the nearest millions of Rupiah.
        jutaan Rupiah yang terdekat.

   e.   Penggunaan pertimbangan, estimasi dan                         e.   Use   of    judgments,          estimates      and
        asumsi                                                             assumptions

        Penyusunan laporan keuangan sesuai dengan                          The preparation of financial statements in
        SAK mengharuskan manajemen untuk membuat                           conformity with SAK requires management to
        pertimbangan, estimasi dan asumsi yang                             make judgments, estimates and assumptions that
        mempengaruhi penerapan kebijakan akuntansi                         affect the application of accounting policies and
        dan jumlah aset, liabilitas, pendapatan dan beban                  the reported amounts of assets, liabilities, income
        yang dilaporkan.                                                   and expenses.

        Walaupun estimasi tersebut dibuat berdasarkan                      Although those estimates are based on
        pemahaman terbaik manajemen atas kejadian                          management’s best knowledge of current events
        dan kegiatan terkini, hasil aktual dapat berbeda                   and activities, actual results may differ from those
        dari estimasi tersebut.                                            estimates.

        Estimasi dan asumsi yang mendasarinya ditinjau                     Estimates and underlying assumptions are
        secara berkesinambungan. Perubahan terhadap                        reviewed on ongoing basis. Revisions to
        estimasi akuntansi diakui di periode dimana                        accounting estimates are recognized in the period
        estimasi tersebut diubah dan periode selanjutnya                   in which the estimate is revised and in any future
        yang terkena dampaknya.                                            periods affected.

        Informasi mengenai asumsi dan estimasi                             Information about the assumptions and
        ketidakpastian yang dapat mengakibatkan                            estimation uncertainties that may result in
        penyesuaian yang material dalam satu tahun                         material adjustment within the next financial year
        kedepan dijelaskan di Catatan 5.                                   are described in Note 5.

   f.   Amendemen standar akuntansi                                   f.   Amendments in accounting standards

        Berikut ini adalah standar akuntansi yang berlaku                  The following accounting standards became
        efektif tanggal 1 Januari 2023 dan relevan                         effective on 1 January 2023 and are relevant to
        terhadap laporan keuangan Perusahaan untuk                         the Company’s financial statements for the year
        tahun yang berakhir pada tanggal 31 Desember                       ended 31 December 2023:
        2023:

        •   Amandemen PSAK 1 "Penyajian Laporan                            •   Amendments to PSAK 1 "Presentation of
            Keuangan tentang Pengungkapan Kebijakan                            Financial   Statements: Disclosure of
            Akuntansi".                                                        Accounting Policies".
        •   Amandemen PSAK 16 "Aset Tetap tentang                          •   Amendements to PSAK 16 "Property, Plant
            Hasil     Sebelum Penggunaan     yang                              and Equipment Related to Proceeds before
            Diintensikan".                                                     Intended Use".
        •   Amandemen PSAK 25 "Kebijakan Akuntansi,                        •   Amendements to PSAK 25 "Accounting
            Perubahan    Estimasi  Akuntansi,   dan                            Policy, Changes in Accounting Estimate, and
            Kesalahan   tentang   Definisi Estimasi                            Errors Definition of Accounting Estimates".
            Akuntansi".
        •   Amandemen PSAK 46 "Pajak Penghasilan                           •   Amendements to PSAK 46 "Income Taxes :
            tentang Pajak Tangguhan terkait Aset dan                           Deffered tax related to Assets and Liabilities
            Liabilitas yang timbul dan transaksi tunggal".                     from single transactions".

        Penerapan standar akuntansi yang disebutkan di                     The implementation of the above-mentioned
        atas tidak memiliki dampak yang material                           accounting standards did not have materials
        terhadap laporan keuangan Perusahaan.                              impacts to the Company’s financial statements.

                                                             8
Page 206
                             PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

                CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
          (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)



3.   IKHTISAR KEBIJAKAN AKUNTANSI YANG                              3.   SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL                                                            POLICIES
     Kebijakan - kebijakan akuntansi material di bawah ini               The material accounting policies have been applied
     telah diterapkan secara konsisten untuk semua                       consistently to all periods presented in the financial
     periode yang disajikan dalam laporan keuangan ini.                  statements.

     a.   Aset keuangan dan liabilitas keuangan                          a. Financial assets and financial liabilities

          Aset keuangan Perusahaan terutama terdiri dari                     The Company’s financial assets mainly consist of
          kas dan bank, piutang pembiayaan, piutang sewa                     cash on hand and in banks, financing receivables,
          pembiayaan, aset derivatif dan piutang lain-lain.                  finance lease receivables, derivative assets and
                                                                             other receivables.

          Liabilitas keuangan Perusahaan terutama terdiri                    The Company’s financial liabilities mainly consist
          dari pinjaman yang diterima, surat utang jangka                    of borrowings, medium term notes, bonds
          menengah, utang obligasi, liabilitas derivatif,                    payable, derivative liabilities, accounts payable,
          utang usaha, beban yang masih harus dibayar,                       accrued expenses, other liabilities and
          liabilitas lain-lain dan pinjaman subordinasi.                     subordinated loan.

          a.1. Klasifikasi                                                   a.1. Classification

              Aset Keuangan                                                       Financial Assets

              Seluruh aset keuangan Perusahaan, kecuali                           All of the Company’s financial assets, except
              aset derivatif, diklasifikasikan ke dalam                           for derivative assets, are classified into
              kategori biaya perolehan diamortisasi. Aset                         amortized cost category. The financial assets
              keuangan dalam kategori biaya perolehan                             in amortized cost category represent the
              diamortisasi merupakan aset keuangan yang                           financial assets which its contractual terms
              pada tanggal tertentu sesuai persyaratan                            give rise on specified dates to cash flows that
              kontraktualnya menghasilkan arus kas yang                           are solely payment of principal and interest
              merupakan pembayaran pokok dan bunga                                on the principal amount outstanding and they
              semata dari jumlah pokok terutang dan aset                          are managed in a business model whose
              keuangan dikelola dalam model bisnis yang                           objective is to hold the assets to collect
              bertujuan untuk memiliki aset keuangan untuk                        contractual cash flows (hold to collect).
              tujuan mendapatkan arus kas kontraktual
              (hold to collect).

              Aset derivatif diklasifikasikan ke dalam                            Derivative assets are clasified into fair value
              kategori nilai wajar melalui laba rugi. Seluruh                     through profit or loss category. All of the
              instrumen derivatif Perusahaan merupakan                            Company’s derivative instruments are for
              instrumen untuk lindung nilai.                                      hedging instruments.

              Liabilitas Keuangan                                                 Financial Liabilities

              Seluruh liabilitas keuangan Perusahaan,                             All of the Company’s financial liabilities,
              kecuali liabilitas derivatif, diklasifikasikan                      except for derivative liabilities, are classified
              sebagai biaya perolehan diamortisasi.                               as amortized cost.

              Liabilitas derivatif diklasifikasikan ke dalam                      Derivative liabilities are classified into fair
              kategori nilai wajar melalui laba rugi. Seluruh                     value through profit or loss category. All of
              instrumen derivatif Perusahaan merupakan                            the Company’s derivative instruments are for
              instrumen untuk lindung nilai.                                      hedging instruments.

          a.2. Pengakuan                                                     a.2. Recognition

              Perusahaan pada awalnya mengakui aset                               The Company initially recognizes financial
              keuangan dan liabilitas keuangan pada tanggal                       assets and liabilities on the date at which the
              dimana Perusahaan menjadi suatu pihak dalam                         Company becomes a party to the contractual
              ketentuan kontraktual instrumen tersebut.                           provisions of the instruments.

              Pada saat pengakuan awal, aset keuangan atau                        At initial recognition, the Company’s financial
              liabilitas keuangan Perusahaan diukur pada                          assets or financial liabilities are measured at
              nilai wajar (untuk item yang diukur pada biaya                      fair value (including the assets that are
              perolehan di amortisasi setelah pengakuan                           subsequently measured at amortized cost)
              awal) ditambah biaya transaksi yang dapat                           plus transaction costs that are directly
              diatribusikan secara langsung atas perolehan                        attributable to the acquisition of financial
              aset keuangan atau penerbitan liabilitas                            assets or issuance of financial liabilities. The
              keuangan. Pengukuran aset keuangan dan                              subsequent measurement of financial assets
              liabilitas keuangan setelah pengakuan awal                          and financial liabilities depends on their
              tergantung pada klasifikasi aset keuangan dan                       classification.
              liabilitas keuangan tersebut.

                                                                9
Page 207
                           PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

                CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
          (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)



3.   IKHTISAR KEBIJAKAN AKUNTANSI YANG                              3.   SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (Lanjutan)                                                 POLICIES (Continued)
     a.   Aset dan liabilitas keuangan (Lanjutan)                        a. Financial assets and liabilities (Continued)

          a.2. Pengakuan (Lanjutan)                                          a.2. Recognition (Continued)

              Setelah pengakuan awal, aset dan liabilitas                        Subsequent to initial recognition, financial
              keuangan yang diukur pada biaya perolehan                          assets and financial liabilities that are carried
              diamortisasi     diukur kembali   dengan                           at amortized cost are remeasured using the
              menggunakan metode suku bunga efektif                              effective interest method (see Note 3a.5).
              (lihat Catatan 3a.5).

              Biaya transaksi hanya meliputi biaya-biaya                         Transaction costs include only those costs
              yang dapat diatribusikan secara langsung                           that are directly attributable to the acquisition
              untuk perolehan suatu aset keuangan atau                           of a financial asset or issuance of a financial
              penerbitan suatu liabilitas keuangan dan                           liability and are incremental costs that would
              merupakan biaya tambahan yang tidak akan                           not have been incurred if the financial
              terjadi apabila instrumen keuangan tersebut                        instrument had not been acquired or issued.
              tidak diperoleh atau diterbitkan. Untuk aset                       In the case of financial assets, transaction
              keuangan, biaya transaksi ditambahkan pada                         costs are added to the amount recognized
              jumlah yang diakui pada awal pengakuan                             initially, while for financial liabilities,
              aset, sedangkan untuk liabilitas keuangan,                         transaction costs are deducted from the
              biaya transaksi dikurangkan dari jumlah utang                      amount of debt recognized initially. Such
              yang diakui pada awal pengakuan liabilitas.                        transaction costs are amortized over the
              Biaya transaksi tersebut diamortisasi selama                       terms of the instruments based on the
              umur instrumen berdasarkan metode suku                             effective interest method and are recorded as
              bunga efektif dan dicatat sebagai bagian dari                      part of revenue if related to financial assets,
              pendapatan jika sehubungan dengan aset                             and as part of finance charges if related to
              keuangan atau sebagai bagian dari beban                            financial liabilities.
              keuangan jika sehubungan dengan liabilitas
              keuangan.

          a.3. Penghentian pengakuan                                         a.3. Derecognition

              Perusahaan menghentikan pengakuan aset                             The Company derecognizes a financial asset
              keuangan pada saat hak kontraktual atas                            when the contractual rights to the cash flows
              arus kas yang berasal dari aset keuangan                           from the financial asset expire.
              tersebut kadaluarsa.

              Perusahaan       menghentikan    pengakuan                         The Company derecognizes a financial
              liabilitas keuangan pada saat kewajiban yang                       liability when its contractual obligations are
              ditetapkan dalam kontrak dilepaskan atau                           discharged or cancelled or expired.
              dibatalkan atau kadaluarsa.

              Perusahaan juga menghentikan pengakuan                             The Company also derecognizes financial
              aset keuangan yang dianggap tidak dapat                            assets that are deemed to be unrecovarable.
              dipulihkan. Penerimaan atau pemulihan                              Subsequent recovery of written-off financial
              kembali atas aset keuangan yang telah                              assets is recorded as other income.
              dihapusbukukan diakui sebagai pendapatan
              lain-lain.

          a.4. Saling hapus                                                  a.4. Offsetting

              Aset dan liabilitas keuangan saling hapus dan                      Financial assets and liabilities are offset and
              nilai bersihnya disajikan dalam laporan posisi                     the net amount is presented in the statement
              keuangan jika, dan hanya jika, Perusahaan                          of financial position when, and only when, the
              memiliki hak yang berkekuatan hukum untuk                          Company has a legal enforceable right to set
              melakukan saling hapus atas jumlah yang                            off the amounts and intends either to settle on
              telah diakui tersebut dan berniat untuk                            a net basis or to realize the asset and settle
              menyelesaikan secara neto atau untuk                               the liability simultaneously. The legally
              merealisasikan aset dan menyelesaikan                              enforceable right must not be contingent on
              liabilitasnya secara simultan. Hak yang                            future events and must be enforceable in the
              berkekuatan hukum tidak kontinjen atas                             normal course of business and in the event of
              peristiwa di masa depan dan dapat                                  default insolvency or bankruptcy of the
              dipaksakan secara hukum dalam situasi                              Company or the counterparty.
              bisnis yang normal dan dalam peristiwa gagal
              bayar, atau peristiwa kepailitan atau
              kebangkrutan Perusahaan atau pihak lawan.
                                                               10
Page 208
                            PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

                CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
          (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)



3.   IKHTISAR KEBIJAKAN AKUNTANSI YANG                                3.   SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (Lanjutan)                                                   POLICIES (Continued)

     a.   Aset dan liabilitas keuangan (Lanjutan)                          a.   Financial assets and liabilities (Continued)

          a.4. Saling hapus (Lanjutan)                                          a.4. Offsetting (Continued)

              Pendapatan dan beban disajikan dalam                                  Income and expenses are presented on a net
              jumlah bersih hanya jika diperkenankan oleh                           basis only when permitted by accounting
              standar akuntansi.                                                    standards.

          a.5. Pengukuran biaya perolehan diamortisasi                          a.5. Amortized cost measurement

              Biaya perolehan diamortisasi dari aset atau                           The amortized cost of a financial asset or
              liabilitas keuangan adalah merupakan suatu                            liability is the amount at which the financial
              nilai dimana aset atau liabilitas keuangan                            asset or financial liability is measured on
              diukur pada saat pengakuan awal, dikurangi                            initial recognition minus the principal
              pembayaran pokok, ditambah atau dikurangi                             repayments, plus or minus the cumulative
              amortisasi kumulatif dengan menggunakan                               amortization using the effective interest
              metode suku bunga efektif atas selisih antara                         method of any difference between that initial
              nilai awal dan nilai jatuh temponya dan, untuk                        amount and the maturity amount and, for
              aset      keuangan,      disesuaikan  dengan                          financial assets, adjusted for any allowance
              cadangan kerugian penurunan nilai. ‘Nilai                             for impairment losses. The ‘gross carrying
              tercatat bruto aset keuangan’ merupakan                               amount of financial asset’ is the amortized
              biaya perolehan diamortisasi aset keuangan                            cost of a financial asset before adjusting for
              sebelum dikurangi cadangan kerugian                                   any allowance for impairment losses.
              penurunan nilai.

          a.6..Identifikasi dan pengukuran penurunan                            a.6..Identification   and     measurement      of
               nilai                                                                 impairment

              PSAK 71 mengharuskan cadangan kerugian                                PSAK 71 requires a loss allowance to be
              diakui sebesar kerugian kredit ekspektasian                           recognized at an amount equal to either 12-
              (KKE 12 bulan) atau kerugian kredit                                   month ECL or lifetime ECL. Lifetime ECL is
              ekspektasian sepanjang umur aset keuangan                             the ECL that results from all possible default
              (KKE lifetime). KKE lifetime adalah kerugian                          events over the expected life of a financial
              ekspektasian yang berasal dari semua                                  instrument, whereas 12-month ECL is the
              kemungkinan      kejadian     gagal    bayar                          portion of ECL that results from default
              sepanjang     umur     ekspektasian    suatu                          events that are possible within the 12-month
              instrumen keuangan, sedangkan KKE 12                                  after reporting date.
              bulan adalah porsi dari kerugian kredit
              ekspektasian yang berasal dari kemungkinan
              kejadian gagal bayar dalam 12 bulan setelah
              tanggal pelaporan.

              Kerugian kredit ekspektasian merupakan                                Expected credit losses are a probability-
              estimasi probabilitas tertimbang dari kerugian                        weighted estimate of credit losses (i.e the
              kredit (yaitu nilai kini dari seluruh kekurangan                      present value of all cash shortfalls) over the
              kredit) selama perkiraan umur instrumen                               expected life of the financial instrument. A
              keuangan. Kekurangan kas adalah selisih                               cash shortfall is the difference between the
              antara arus kas yang jatuh tempo                                      cash flows that are due to an entity in
              berdasarkan perjanjian dan arus kas yang                              accordance with the contract and the cash
              diperkirakan akan diterima entitas. Karena                            flows that the entity expects to receive.
              kerugian             kredit         ekspektasian                      Because expected credit losses consider the
              mempertimbangkan jumlah dan waktu                                     amount and timing of payments, a credit loss
              pembayaran, kerugian kredit tetap timbul                              arises even if the entity expectes to be paid
              meskipun entitas mengharapkan untuk                                   in full but later than when contractually due.
              dibayar penuh namun setelah jatuh tempo
              kontraktual.

              Model KKE akan diterapkan pada semua aset                             The ECL model will be applied to all financial
              keuangan yang diukur pada biaya perolehan                             assets measured at amortized cost.
              diamortisasi.




                                                                 11
Page 209
                           PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

                CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
          (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)



3.   IKHTISAR KEBIJAKAN AKUNTANSI YANG                               3.   SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (Lanjutan)                                                  POLICIES (Continued)

     a.   Aset dan liabilitas keuangan (Lanjutan)                         a.   Financial assets and liabilities (Continued)

          a.6. Identifikasi dan pengukuran penurunan nilai                     a.6..Identification and measurement              of
               (Lanjutan)                                                           impairment (Continued)

              Pada setiap tanggal pelaporan, Perusahaan                            At each reporting date, the Company shall
              akan    mengukur     cadangan      kerugian                          measure the loss allowance for a financial
              instrumen keuangan sebesar kerugian kredit                           instrument at an amount equal to the lifetime
              sepanjang    umur    (lifetime)  instrumen                           credit losses, except in the following
              keuangan, kecuali dalam kodisi berikut,                              condition, for which the amount recognized
              dimana cadangan kerugian yang akan diakui                            will be 12-month ECL:
              sebesar KKE 12 bulan:

               Instrumen keuangan dengan risiko kredit                            Financial instruments with low credit risks;
                rendah; dan                                                         and

               Instrumen keuangan dengan risiko kredit                            Financial instruments for which credit risk
                yang belum meningkat secara signifikan                              has not increased significantly since initial
                sejak pengakuan awal                                                recognition

              Perusahaan      mengukur       risiko    kredit                      The Company measures credit risk using
              menggunakan Probability of Default (PD),                             Probability of Default (PD), Exposure at
              Exposure at Default (EAD), Loss Given                                Default (EAD), Loss Given Default (LGD)
              Default (LGD) dan variabel makroekonomi                              and macroeconomic variables for forward
              untuk estimasi yang bersifat perkiraan masa                          looking perspective. To determine the
              depan (forward-looking). Untuk menentukan                            expected      credit    loss (ECL),  these
              kerugian    kredit    ekspektasian      (KKE),                       components are multiplied together and
              komponen-komponen          tersebut       akan                       discounted to the reporting date using the
              diperhitungkan       bersama-sama          dan                       effective interest rate.
              didiskontokan     ke    tanggal      pelaporan
              menggunakan suku bunga efektif.

              Dalam model KKE, tiga tahap pendekatan                               Under the ECL model, the following three-
              berikut ini diterapkan dalam menghitung KKE                          stage approach is applied to measuring ECL
              berdasarkan migrasi kredit di antara tahap                           based on credit migration between the
              tersebut sejak pengakuan awal:                                       stages since origination:

               Tahap 1: pada pengakuan awal aset                                   Stage 1: At the origination of a financial
                keuangan, dan dimana tidak ada                                       asset, and where there has not been a
                peningkatan signifikan atas risiko kredit                            significant increase in credit risk since
                sejak pengakuan awal, maka penyisihan                                origination, a loss allowance equivalent to
                kerugian sebesar KKE 12 bulan diakui.                                12-month ECL is recognized.

               Tahap 2: Jika ada peningkatan risiko kredit                         Stage 2: Where there has been a
                yang signifikan sejak pengakuan awal,                                significant increase in credit risk since
                maka penyisihan kerugian sebesar KKE                                 origination, a loss allowance equivalent to
                lifetime diakui. Jika, risiko kredit membaik                         lifetime ECL is recognized. If the credit risk
                pada     periode     berikutnya      sehingga                        improves in a subsequent period such that
                peningkatan risiko kredit sejak pengakuan                            the increase in credit risk since origination
                awal tidak lagi dianggap signifikan,                                 is no longer considered significant, the
                eksposur kembali ke tahap 1 dan KKE 12                               exposure returns to a Stage 1
                bulan diakui.                                                        classification and a 12-month ECL is
                                                                                     recognized.

               Tahap 3: Jika aset keuangan mengalami                               Stage 3: If the financial asset is credit
                penurunan nilai kredit, aset keuangan                                impaired, the financial asset is moved to
                tersebut dipindahkan ke Tahap 3 dan KKE                              Stage 3 and a lifetime ECL is recognized.
                lifetime diakui.




                                                                12
Page 210
                        PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

             CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
       (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


3.   IKHTISAR KEBIJAKAN AKUNTANSI YANG                            3.   SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (Lanjutan)                                               POLICIES (Continued)
     a. Aset dan liabilitas keuangan (Lanjutan)                        a. Financial assets and liabilities (Continued)
        a.6. Identifikasi dan pengukuran penurunan nilai                  a.6. Identification and    measurement              of
             (Lanjutan)                                                        impairment (Continued)
            Kerugian kredit ekspektasian diestimasi pada                      Expected credit losses are estimated at the
            tingkat fasilitas dengan menggunakan suatu                        facility level by using a probability of default
            probabilitas gagal bayar yang mencerminkan                        reflecting a probability-weighted range of
            probabilitas kisaran tertimbang dari skenario                     possible future economic scenarios, and
            ekonomi masa depan dan menerapkannya                              applying this to the estimated exposure of the
            terhadap estimasi eksposur Perusahaan pada                        Company at the point of default (exposure at
            saat gagal bayar (exposure at default) setelah                    default) after taking into account the value of
            memperhitungkan nilai agunan yang dimiliki                        any collateral held or other mitigants of loss
            atau mitigasi kerugian lainnya (loss given                        (loss given default), while allowing for the
            default), dan memperhitungkan dampak                              impact of discounting for the time value of
            diskonto atas nilai waktu uang (time value of                     money.
            money).
            Untuk aset keuangan yang diukur pada biaya                        For financial assets measured at amortized
            perolehan diamortisasi, saldo di laporan                          cost, the balance at statement of financial
            posisi keuangan mencerminkan nilai tercatat                       position reflects the gross carrying amount
            bruto dikurangi KKE. Perubahan atas                               less ECL. Changes in expected credit losses
            kerugian kredit ekspektasian diakui pada laba                     are recognized in the current year profit or
            rugi tahun berjalan.                                              loss.
        a.7. Pengukuran nilai wajar                                       a.7. Fair value measurement
            Nilai wajar adalah harga yang akan diterima                       Fair value is the price that would be received
            untuk menjual suatu aset atau harga yang                          to sell an asset or paid to transfer a liability in
            akan dibayar untuk mengalihkan suatu                              an orderly transaction between market
            liabilitas dalam transaksi teratur (orderly                       participants at the measurement date in the
            transaction) antara pelaku pasar (market                          principal market or, in its absence, the most
            participants) pada tanggal pengukuran di                          advantageous       market     to   which       the
            pasar utama atau, jika tidak terdapat pasar                       Company has access at that date. The fair
            utama, di pasar yang paling menguntungkan                         value of a liability reflects its non-
            dimana Perusahaan memiliki akses pada                             performance risk.
            tanggal tersebut. Nilai wajar liabilitas
            mencerminkan risiko wanprestasinya.
            Jika tersedia, Perusahaan mengukur nilai                          When available, the Company measures
            wajar       instrumen     keuangan      dengan                    the fair value of a financial instrument using
            menggunakan harga kuotasian di pasar aktif                        the quoted price in an active market for that
            untuk instrumen tersebut. Suatu pasar                             instrument. A market is regarded as active if
            dianggap aktif jika transaksi atas aset dan                       transactions for the asset or liability take
            liabilitas terjadi dengan frekuensi dan volume                    place with sufficient frequency and volume
            yang memadai untuk menyediakan informasi                          to provide pricing information on an ongoing
            penentuan harga secara berkelanjutan.                             basis.
            Jika harga kuotasian tidak tersedia di pasar                      If there is no quoted price in an active market,
            aktif, Perusahaan menggunakan teknik                              then the Company uses valuation techniques
            penilaian      dengan        memaksimalkan                        that maximise the use of relevant observable
            penggunaan input yang dapat diobservasi                           inputs and minimise the use of unobservable
            dan relevan dan meminimalkan penggunaan                           inputs. The chosen valuation technique
            input yang tidak dapat diobservasi. Teknik                        incorporates all of the factors that market
            penilaian yang dipilih menggabungkan semua                        participants would take into account in pricing
            faktor yang diperhitungkan oleh pelaku pasar                      a transaction.
            dalam penentuan harga transaksi.
            Bukti terbaik atas nilai wajar instrumen                          The best evidence of the fair value of a
            keuangan pada saat pengakuan awal adalah                          financial instrument at initial recognition is
            harga transaksi, yaitu nilai wajar dari                           normally the transaction price, i.e., the fair
            pembayaran yang diberikan atau diterima.                          value of the consideration given or received.
            Jika Perusahaan menetapkan bahwa nilai                            If the Company determines that the fair value
            wajar pada pengakuan awal berbeda dengan                          at initial recognition differs from the
            harga transaksi dan nilai wajar tidak dapat                       transaction price and the fair value is
            dibuktikan dengan harga kuotasian di pasar                        evidenced neither by a quoted price in an
            aktif untuk aset atau liabilitas yang identik                     active market for an identical asset or liability
            atau berdasarkan teknik penilaian yang hanya                      nor based on a valuation technique that uses



                                                             13
Page 211
                       PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

            CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
      (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


3.   IKHTISAR KEBIJAKAN AKUNTANSI YANG                              3.   SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (Lanjutan)                                                 POLICIES (Continued)
     a. Aset dan liabilitas keuangan (Lanjutan)                          a. Financial assets and liabilities (Continued)
        a.7. Pengukuran nilai wajar (Lanjutan)                              a.7. Fair value measurement (Continued)
            menggunakan data dari pasar yang dapat                              only data from observable markets, then the
            diobservasi, maka nilai wajar instrumen                             financial instrument is initially measured at
            keuangan pada saat pengakuan awal                                   fair value, adjusted to defer the difference
            disesuaikan untuk menangguhkan perbedaan                            between the fair value at initial recognition
            antara nilai wajar pada saat pengakuan awal                         and the transaction price. Subsequently, that
            dan harga transaksi. Setelah pengakuan awal,                        difference is recognized in profit or loss on an
            perbedaan tersebut diakui dalam laba rugi                           appropriate basis over the life of the
            berdasarkan umur instrumen tersebut namun                           instrument but no later than when the
            tidak lebih lambat dari saat penilaian tersebut                     valuation is wholly supported by observable
            didukung sepenuhnya oleh data pasar yang                            market data or the transaction is closed out.
            dapat diobservasi atau saat transaksi ditutup.

            Jika aset atau liabilitas yang diukur pada nilai                    If an asset or a liability measured at fair
            wajar memiliki harga penawaran dan harga                            value has a bid price and an ask price, then
            permintaan, maka Perusahaan mengukur                                the Company measures assets and long
            aset dan posisi long berdasarkan harga                              positons at a bid pice and liabilities and
            penawaran dan mengukur liabilitas dan posisi                        short positions at an ask price.
            short berdasarkan harga permintaan.
            Portofolio aset keuangan dan liabilitas                             Portfolios of financial assets and financial
            keuangan yang diukur pada nilai wajar, yang                         liabilities measured at fair value, that are
            terekspos risiko pasar dan risiko kredit yang                       exposed to market risk and credit risk that
            dikelola oleh Perusahaan berdasarkan                                are managed by the Company on the basis of
            eksposur netonya baik terhadap risiko pasar                         the net exposure to either market or
            ataupun risiko kredit, diukur berdasarkan                           credit risk, are measured on the basis of a
            harga yang akan diterima untuk menjual                              price that would be received to sell a net
            posisi net long (atau dibayar untuk                                 long position (or paid to transfer a net short
            mengalihkan posisi net short) untuk eksposur                        position) for a particular risk exposure.
            risiko tertentu. Penyesuaian pada level                             Those portfolio-level      adjustments     are
            portofolio tersebut dialokasikan pada aset dan                      allocated to the individual assets and
            liabilitas individual berdasarkan penyesuaian                       liabilities on the basis of the relative risk
            risiko relatif dari masing-masing instrumen                         adjustment of each of the individual
            individual di dalam portofolio.                                     instruments in the portfolio.
     b. Piutang Pembiayaan                                               b. Financing Receivables
        Setelah pengakuan awal, piutang pembiayaan                          Subsequent to initial recognition, financing
        dicatat pada biaya perolehan diamortisasi dengan                    receivables are stated at amortized cost using the
        menggunakan metode suku bunga efektif (lihat                        effective interest method (see Note 3a.2 and
        Catatan 3a.2 dan 3a.5).                                             3a.5).
        Pendapatan pembiayaan yang belum diakui                             Unearned financing income represents the
        merupakan selisih antara jumlah keseluruhan                         difference between total installments to be
        pembayaran angsuran yang akan diterima dari                         received from the consumers and the principal
        konsumen dengan jumlah pokok pembiayaan,                            amount financed, which is recognized as income
        yang diakui sebagai pendapatan selama jangka                        over the term of the contract based on effective
        waktu kontrak berdasarkan tingkat suku bunga                        interest rate of the related financing receivables.
        efektif dari piutang pembiayaan.
        Pada saat menghitung suku bunga efektif,                            When calculating the effective interest rate, the
        Perusahaan mengestimasi arus kas dengan                             Company estimates cash flows considering all
        mempertimbangkan         seluruh    persyaratan                     contractual terms of the financing contract.
        kontraktual dalam kontrak pembiayaan.
        Penyelesaian kontrak sebelum masa pembiayaan                        Early termination of a contract is treated as a
        konsumen     berakhir     diperlakukan sebagai                      cancellation of the existing contract and the
        pembatalan kontrak pembiayaan konsumen dan                          resulting gains or losess are recognized in the
        keuntungan atau kerugian yang timbul diakui                         current year profit or loss.
        dalam laba rugi tahun berjalan.
        Lihat Catatan 3h untuk kebijakan pengakuan                          See Note 3h for revenue recognition policy.
        pendapatan.


                                                               14
Page 212
                        PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

            CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
      (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


3.   IKHTISAR KEBIJAKAN AKUNTANSI YANG                            3.   SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (Lanjutan)                                               POLICIES (Continued)

     b. Piutang Pembiayaan (Lanjutan)                                  b. Financing Receivables (Continued)

        Modifikasi Piutang Pembiayaan                                     Modification of Financing Receivables

        Skema modifikasi piutang pembiayaan dapat                         Modification schemes for financing receivables
        berupa penyesuaian pada suku bunga, pokok                         can be in the form of adjustment to interest rate,
        bunga dan tunggakan bunga, perpanjangan                           loan principal and past due interest, extension of
        jangka waktu jatuh tempo, penjadwalan kembali                     repayment period, rescheduling of installments
        pembayaran       angsuran   serta     modifikasi                  and other modification of the terms of the
        persyaratan piutang pembiayaan lainnya.                           financing receivables.

        Jika persyaratan perjanjian suatu piutang                         If the terms of a financing receivables are
        pembiayaan dimodifikasi, maka Perusahaan                          modified, then the Company evaluates whether
        mengevaluasi apakah arus kas kontraktual dari                     the contractual cash flows of the modified asset
        aset yang termodifikasi berbeda secara signifikan.                are substantially different.

        Jika arus kas berbeda secara signifikan, maka                     If the cash flows are substantially different, then
        hak kontraktual original atas arus kas dari aset                  the original contractual rights to cash flows from
        keuangan yang original sebenarnya telah                           the original financial asset are deemed to have
        kadaluarsa. Dalam hal ini, aset keuangan yang                     expired. In this case the original financial asset is
        original dihentikan pengakuannya dan aset                         derecognized and a new financial asset is
        keuangan yang baru diakui pada nilai wajar                        recognized at fair value plus any eligible
        ditambah biaya transaksi yang memenuhi syarat.                    transaction costs. Any fees received as part of the
        Imbalan yang diterima sebagai bagian dari                         modification are accounted for as follows:
        modifikasi diperhitungkan sebagai berikut:

        -   Imbalan yang dipertimbangkan sewaktu                           - Fees that are considered in determining that
            menentukan nilai wajar dari aset baru dan                        fair value of the new asset and fees represent
            imbalan    yang   merupakan     pembayaran                       reimbursement of eligible transaction costs
            kembali (reimbursement) dari biaya transaksi                     are included in the initial measurement of the
            yang memenuhi syarat akan dimasukkan                             asset; and
            sebagai pengakuan awal aset; dan

        -   Imbalan lainnya dimasukkan ke dalam laba                       - Other fees are included in profit or loss as part
            rugi sebagai bagian dari keuntungan atau                         of the derecognition gain or loss.
            kerugian dari penghentian pengakuan.

        Jika modifikasi aset keuangan yang diukur pada                    If the modification of a financial asset measured at
        biaya perolehan diamortisasi tidak mengakibatkan                  amortized cost does not result in derecognition of
        penghentian pengakuan aset keuangan, maka                         the financial asset, then the Company first
        Perusahaan terlebih dahulu menghitung kembali                     recalculates the gross carrying amount of the
        nilai tercatat bruto aset keuangan menggunakan                    financial asset using the original effective interest
        suku bunga efektif awal aset tersebut dan                         rate of the asset and recognizes the resulting
        mengakui        selisih   penyesuaian     sebagai                 adjustment as modification gain or loss in profit or
        keuntungan atau kerugian modifikasi di dalam                      loss. Any costs or fees incurred and modification
        laba rugi. Biaya atau imbalan yang terjadi dan                    fees received are adjusted to the gross carrying
        imbalan modifikasi yang diterima disesuaikan ke                   amount of the modified financial asset and are
        nilai tercatat bruto dan diamortisasi selama sisa                 amortized over the remaining term of the modified
        jangka waktu aset keuangan yang dimodifikasi.                     financial asset.

        Jika modifikasi dilakukan untuk alasan risiko                     If a modification is carried out because of credit-
        kredit, maka keuntungan atau kerugian disajikan                   risk reason, then the gain or loss is presented
        sebagai kerugian penurunan nilai. Selain karena                   together with impairment losses. In other cases, it
        alasan ini, keuntungan atau kerugian disajikan                    is presented as interest income calculated using
        sebagai pendapatan bunga yang dihitung dengan                     the effective interest method.
        menggunakan metode suku bunga efektif.




                                                             15
Page 213
                        PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

             CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
       (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


3.   IKHTISAR KEBIJAKAN AKUNTANSI YANG                           3.   SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (Lanjutan)                                              POLICIES (Continued)

     c. Sewa                                                          c. Leases

        Perusahaan sebagai Pesewa                                        The Company acting as Lessor

        Pada awal, kontrak sewa diklasifikasikan sebagai                 At inception, a lease contract is classified as a
        sewa      pembiayaan    jika   sewa      tersebut                finance lease if it transfers substantially all the
        mengalihkan secara substansial seluruh risiko                    risks and rewards incidental to the ownership of
        dan manfaat yang terkait dengan kepemilikan                      the leased assets. Otherwise, it is considered an
        aset     sewa.   Sebaliknya,     kontrak     akan                operating lease.
        diperhitungkan sebagai sewa operasi.

        Pendapatan dari perjanjian sewa pembiayaan dan                   Revenue from finance leases and vehicle rental
        sewa kendaraan ditentukan oleh klasifikasi                       agreements is driven by the classification of the
        perjanjian sebagai sewa operasi atau sewa                        arrangement as either an operating or finance
        pembiayaan. Pendapatan dari penyewaan                            lease. Revenue earned from renting vehicles to
        kendaraan kepada pelanggan di bawah perjanjian                   customers under short term operating lease
        sewa operasi, secara umum untuk jangka waktu                     contracts, generally for periods of 1 to 4 years, is
        antara 1 tahun sampai dengan 4 tahun, diakui                     recognized on a straight-line basis over the term
        dengan metode garis lurus selama masa sewa.                      of the contract. Initial direct transaction costs are
        Biaya transaksi awal ditangguhkan dan                            deferred and amortized over the term of the lease.
        diamortisasi selama masa sewa.

        Pendapatan      yang    diperoleh   dari sewa                    Revenue generated from finance leases is
        pembiayaan diakui menggunakan metode suku                        recognized using the effective interest method,
        bunga efektif, yang memberikan tingkat                           which provides a constant periodic rate of return
        pengembalian periodik yang konstan pada                          on the outstanding investment on the lease.
        investasi sewa yang belum dilunasi.

        Tagihan sewa pembiayaan diakui sebesar nilai                     Finance lease receivables are recorded at the
        yang didiskontokan pada tingkat suku bunga                       present value of the gross investment in the lease
        efektif dalam sewa pembiayaan tersebut.                          at the effective interest rate in the lease. The
        Pengukuran awal dari tagihan sewa pembiayaan                     initial measurement of finance lease receivables
        termasuk biaya awal yang dapat diatribusikan                     includes the initial costs that are directly
        secara langsung untuk negosiasi dan pengaturan                   attributable to negotiating and arranging a lease.
        sewa. Nilai investasi sewa bruto dalam sewa                      Gross investment in the lease represents the
        pembiayaan merupakan penjumlahan agregat                         aggregate sum of the minimum lease payments
        dari pembayaran sewa minimum dan nilai residu                    and any unguaranteed residual value as to which
        yang menjadi hak pesewa. Pembayaran sewa                         the lessor has rights. Minimum lease payments
        minimum termasuk pembayaran selama masa                          include those payments that the lessee is, or can
        sewa yang harus dibayar oleh penyewa atau                        be, required to make to the lessor over the lease
        jumlah yang diharuskan oleh pesewa untuk                         term plus the residual value guarantees by the
        dibayar selama masa sewa, ditambah dengan                        lessee, a party related to the lessee, or any third
        nilai residu yang dijamin oleh penyewa, pihak                    party unrelated to the lessor provided who is
        terkait dengan penyewa, atau pihak ketiga yang                   financially capable of fulfilling the obligations
        tidak terkait dengan pesewa yang secara                          under the guarantee.
        keuangan      memiliki    kemampuan       untuk
        menyelesaikan kewajiban atas jaminan tersebut.

        Harga opsi beli atas aset sewa pembiayaan yang                   The exercise price of a purchase option over the
        dimiliki oleh penyewa termasuk di dalam                          leased asset held by the lessee is included in the
        pembayaran sewa minimum jika hampir dapat                        minimum lease payments if it is reasonably
        dipastikan pada awal sewa bahwa opsi beli                        certain at inception of the lease that the purchase
        tersebut akan dilaksanakan.                                      option will be exercised.

        Perbedaan     antara   nilai  investasi   sewa                   The difference between the gross investment and
        pembiayaan bruto dan nilai investasi sewa                        the net investment in a finance lease is recorded
        pembiayaan bersih dicatat sebagai pendapatan                     as unearned revenue which is recognized as
        pembiayaan tangguhan yang diakui sebagai                         finance lease income over the lease period at a
        pendapatan sewa pembiayaan selama periode                        constant periodic rate of return on the net
        sewa pada suatu pola yang mencerminkan suatu                     investment in finance leases.
        tingkat pengembalian yang konstan atas investasi
        bersih dalam sewa pembiayaan tersebut.




                                                            16
Page 214
                         PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

             CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
       (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


3.   IKHTISAR KEBIJAKAN AKUNTANSI YANG                            3.   SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (Lanjutan)                                               POLICIES (Continued)
     c. Sewa (Lanjutan)                                                c. Leases (Continued)
        Perusahaan sebagai Pesewa (Lanjutan)                              The Company acting as Lessor (Continued)
        Penyelesaian kontrak sebelum masa pembiayaan                      Early termination is treated as cancellations of the
        berakhir diperlakukan sebagai pembatalan                          existing lease contract, and the resulting gains or
        kontrak pembiayaan, dan keuntungan atau                           losses are recognized in current year’s profit or
        kerugian yang timbul diakui dalam laba rugi tahun                 loss.
        berjalan.
        Jika aset sewa pembiayaan dijual kepada                           If the assets under finance lease are sold to the
        penyewa sebelum berakhirnya periode sewa,                         lessee before the end of the lease period, the
        selisih antara harga jual dan nilai investasi sewa                difference between the sales price and the net
        pembiayaan bersih dicatat sebagai laba atau rugi                  investment in finance lease is recorded as gains
        dari pembatalan kontrak dan diakui dalam laba                     or losses on contract cancellation and is reflected
        rugi.                                                             in profit or loss.
        Perusahaan sebagai Penyewa                                        The Company acting as Lessee
        Pada tanggal insepsi suatu kontrak, Perusahaan                    At the inception of a contract, the Company
        menilai apakah suatu kontrak merupakan, atau                      determines if a contract is, or contains, a lease by
        mengandung, sewa dengan mempertimbangkan                          considering whether the contract conveys the
        apakah kontrak tersebut memberikan hak untuk                      right to control the use of an identified asset for a
        mengendalikan       penggunaan    suatu    aset                   period of time in exchange for a consideration.
        identifikasian selama suatu jangka waktu untuk
        dipertukarkan dengan imbalan.
        Suatu kontrak memberikan hak mengendalikan                        A contract conveys the right to control the use of
        penggunaan suatu identifikasian jika semua                        an identified asset if all of the following conditions
        kondisi di terpenuhi:                                             are met:
        -   kontrak tersebut melibatkan penggunaan                        -     the contract Involves the use of substantially
            secara substansial seluruh kapasitas dari aset                      all of the capacity of an identified asset that is
            identifikasian yang secara fisik berbeda                            physically distinct (as specified explicitly or
            (sebagaimana ditentukan secara eksplisit atau                       implicitly in the contract). If the supplier has a
            implisit dalam kontrak). Jika pemasok memiliki                      substantive substitution right, then the asset
            hak substitusi yang substantif, maka aset                           cannot be considered as identifiable;
            tersebut tidak dapat dianggap dapat
            diidentifikasi;
        -   Perusahaan memiliki hak untuk memperoleh                      -     the Company has the right to obtain
            secara substansial semua manfaat ekonomi                            substantially all of the economic benefits from
            dari penggunaan aset selama periode                                 the use of the asset throughout the period of
            penggunaan; dan                                                     use; and
        -   Perusahaan memiliki hak untuk mengarahkan                     -     the Company has the right to direct the use of
            penggunaan aset: yaitu memiliki hak                                 the asset: i.e. it has decision-making rights
            pengambilan keputusan yang paling relevan                           that are most relevant to changing how and
            untuk mengubah bagaimana dan untuk tujuan                           for what purpose the asset is used.
            apa aset tersebut digunakan.
        Pada tanggal permulaan sewa atau penilaian                            On the lease commencement date, or on
        kembali sebuah kontrak yang berisi komponen                           reassessment of a contract that contains a lease
        sewa, Perusahaan mengalokasikan imbalan                               component, the Company allocates the
        dalam kontrak tersebut kepada setiap komponen                         consideration in the contract to each lease
        sewa atas dasar harga relatif yang berdiri sendiri                    component on the basis of their relative
        dan mengakui jumlah yang dialokasikan sebagai                         standalone prices, ad recognizes the allocated
        aset hak-guna dan liabilitas sewa pada tanggal                        amounts as a right-of-use asset and a lease
        permulaan sewa. Aset hak-guna awalnya diukur                          liability at the lease commencement date. The
        pada biaya perolehan, yang sama dengan jumlah                         right-of-use assets are initially measured at cost,
        pengukuran awal dari liabilitas sewa disesuaikan                      which equals to the initial amount of the lease
        dengan pembayaran sewa yang dilakukan pada                            liability after adjustments for any lease payments
        saat atau sebelum tanggal permulaan, ditambah                         made at or before the commencement date, plus
        dengan biaya langsung awal yang dikeluarkan                           any initial direct costs incurred, as well as an
        beserta estimasi biaya untuk membongkar dan                           estimate of end-of -term costs of dismantling and
        memindahkan aset saat akhir masa sewa                                 removing the underlying lease improvements and
        pendasar dan untuk merestorasi aset pendasar                          restoring the site, less any lease incentives
        atau tempat di mana aset berada, dikurangi                            received.
        insentif sewa yang diterima.



                                                             17
Page 215
                        PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

            CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
      (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


3.   IKHTISAR KEBIJAKAN AKUNTANSI YANG                             3.   SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (Lanjutan)                                                POLICIES (Continued)

     c. Sewa (Lanjutan)                                                 c. Leases (Continued)

        Perusahaan sebagai Penyewa (Lanjutan)                              The Company acting as Lessee (Continued)

        Setelah tanggal permulaan, aset hak-guna diukur                    After commencement date, right-of-use assets are
        dengan     model    biaya,     dan    didepresiasi                 measured using the cost model, and is
        menggunakan metode garis lurus dari tanggal                        depreciated using straight line method from
        permulaan sampai dengan mana yang lebih awal                       commencement date to the earlier of the end of
        antara masa manfaat aset hak-guna atau akhir                       the useful life of the right-of-use assets or the end
        masa sewa. Jumlah tercatat aset hak-guna di                        of lease term. The carrying amount of the right-of-
        evaluasi jika ada indikasi asset mungkin                           use assets are evaluated if there is an indication
        mengalami penurunan nilai; Jika ada, jumlah                        that the asset may have been impaired; if so, the
        tercatat dikurangi dengan estimasi kerugian                        carrying amount reduced by the estimated
        penurunan nilai. Nilai tercatat aset hak-guna                      impairment losses. The right-of-use assets
        disesuaikan, dalam situasi tertentu, ketika terjadi                carrying amount is also adjusted, in certain
        pengukuran kembali atas liabilitas sewa.                           situations, when there is a remeasurement of the
                                                                           lease liability.

        Liabilitas sewa awalnya diukur pada nilai kini atas                The lease liability is initially measured at the
        pembayaran sewa yang belum dibayar pada                            present value of the lease payments that are not
        tanggal permulaan, didiskontokan menggunakan                       yet paid at the commencement date, discounted
        suku bunga implisit dalam sewa atau, jika suku                     using the interest rate implicit in the lease or, if
        bunga tersebut tidak dapat ditentukan, digunakan                   that rate cannot be readily determined, the
        suku bunga pinjaman inkremental Perusahaan.                        Company's incremental borrowing rate. Generally,
        Umumnya, Perusahaan menggunakan suku                               the Company uses its incremental borrowing rate
        bunga pinjaman inkremental sebagai tingkat                         as the discount rate.
        bunga diskonto.

        Pembayaran sewa yang termasuk               dalam                  Lease payments included in the measurement of
        pengukuran liabilitas sewa terdiri dari:                           the lease liability consist of the following:

        -   pembayaran tetap, termasuk pembayaran                          -   fixed payments, including in-substance fixed
            tetap secara-substansi, dikurangi insentif sewa                    payments, less lease incentives receivable;
            yang belum diterima;
        -   pembayaran sewa secara variabel yang                           -   variable lease payments that depend on an
            bergantung pada indeks atau suku bunga,                            index or a rate, initially measured using the
            yang pada awalnya diukur menggunakan                               index or rate as at the commencement date;
            indeks atau suku bunga pada tanggal
            permulaan;                                                     -   amounts expected to be payable under a
        -   jumlah yang diperkirakan akan dibayarkan                           residual value guarantee; and
            berdasarkan jaminan nilai residual; dan                        -   the exercise price under a purchase option
        -   harga eksekusi opsi beli jika Perusahaan                           that the Company is reasonably certain to
            cukup pasti untuk mengeksekusi opsi,                               exercise, lease payments in an option renewal
            pembayaran sewa dalam opsi periode                                 period if the Company is reasonably certain to
            perpanjangan jika Perusahaan cukup pasti                           exercise an extension option, and penalties
            untuk melaksanakan opsi perpanjangan, dan                          for early termination of a lease unless the
            denda untuk penghentian sewa lebih awal                            Company is reasonably certain not to
            kecuali Perusahaan yakin tidak menghentikan                        terminate early.
            lebih awal.

        Liabilitas sewa diukur pada biaya perolehan                        The lease liability is measured at amortized cost
        diamortisasi menggunakan metode suku bunga                         using the effective interest method. It is
        efektif. Liabilitas sewa diukur kembali ketika ada                 remeasured when there is a change in future
        perubahan pembayaran sewa masa depan yang                          lease payments arising from a change in an index
        timbul dari perubahan indeks atau suku bunga,                      or rate, if there is a change in the Company's
        jika ada perubahan estimasi Perusahaan atas                        estimate of the amount expected to be payable
        jumlah yang diperkirakan akan dibayar dalam                        under a residual value guarantee, or if the
        jaminan nilai residual, atau jika Perusahaan                       Company changes its assessment of whether it
        mengubah          penilaiannya      apakah    akan                 will exercise a purchase, extension or termination
        mengeksekusi opsi          beli, perpanjangan atau                 option.
        penghentian.




                                                              18
Page 216
                        PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

            CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
      (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


3.   IKHTISAR KEBIJAKAN AKUNTANSI YANG                              3.   SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (Lanjutan)                                                 POLICIES (Continued)

     c. Sewa (Lanjutan)                                                  c. Leases (Continued)

        Aset hak-guna Perusahaan disajikan sebagai                          The Company’s right-of-use assets are presented
        bagian dari “Aset tetap”, dan liabilitas sewa                       as “Fixed assets” and lease liabilities are
        sebagai bagian dari “Liabilitas lain-lain”.                         presented as part of “Other liabilities”.

        Perusahaan menyewa bangunan untuk ruang                             The Company leases buildings for its office. The
        kantor. Sewa ruang kantor secara umum berlaku                       leases of office space typically run for a period of
        untuk periode 3 – 5 tahun. Beberapa sewa                            3 – 5 years. Some leases include an option to
        termasuk opsi untuk memperbaharui periode                           renew the lease for an additional period of the
        sewa dengan tambahan durasi yang sama                               same duration after the end of the contract term.
        setelah kontrak berakhir.

        Beberapa sewa gedung kantor mengandung opsi                         Some leases of office buildings contain extension
        perpanjangan yang dapat dieksekusi Perusahaan                       options exercisable by the Company before the
        sebelum periode kontrak yang tidak dapat                            end of the non-cancellable contract period. Where
        dibatalkan tersebut berakhir. Jika memungkinkan,                    practicable, the Company seeks to include
        Perusahaan berupaya untuk memasukkan opsi                           extension options in new leases to provide
        perpanjangan     dalam     sewa     baru   untuk                    operational flexibility. At the commencement of
        memberikan fleksibilitas operasional. Pada                          the lease, the extension period is added to the
        permulaan      sewa,    perpanjangan     periode                    term of the lease, if it is reasonably certain that
        ditambahkan ke masa sewa, jika cukup pasti                          the extension options will be exercised. The
        untuk opsi perpanjangan dieksekusi. Perusahaan                      Company reassesses whether it is reasonably
        menilai kembali apakah cukup pasti untuk                            certain to exercise the options in the event that
        mengeksekusi opsi tersebut jika ada peristiwa                       there is a significant change in circumstances
        atau perubahan signifikan dalam kondisi yang                        within its control.
        berada dalam pengendalian perusahaan.

        Seperti yang diperbolehkan dalam PSAK 73,                           As allowed under PSAK 73, the Company has
        Perusahaan memilih untuk tidak mengakui aset                        elected not to recognize right-of-use assets and
        hak-guna dan liabilitas sewa untuk sewa jangka-                     lease liabilities for short-term leases that have a
        pendek yang memiliki masa sewa 12 bulan atau                        lease term of 12 months or less and leases of
        kurang dan sewa atas aset bernilai-rendah.                          low-value assets. The Company recognizes the
        Perusahaan mengakui pembayaran sewa terkait                         lease payments associated with these leases as
        dengan sewa ini sebagai beban dengan dasar                          an expense on a straight-line basis over the lease
        garis-lurus selama masa sewa.                                       term.

        Nilai tercatat aset hak guna segera diturunkan                      The right-of-use assets carrying amount are
        menjadi sebesar jumlah yang dapat dipulihkan                        written down immediately to its recoverable
        ketika nilai tercatat aset lebih besar dari estimasi                amount when the asset’s carrying amount is
        jumlah yang dapat dipulihkan.                                       greater than its estimated recoverable amount.

     d. Instrumen derivatif untuk tujuan manajemen                       d. Derivative instruments         held     for    risk
        risiko                                                              management

        Seluruh instrumen derivatif yang dimiliki                           All derivative instruments held by the Company
        Perusahaan digunakan untuk tujuan manajemen                         are for risk management purposes. These
        risiko. Instrumen derivatif ini digunakan untuk                     derivative instruments are used to hedge the
        lindung nilai terhadap eksposur variabilitas arus                   Company’s exposures to variability in cash flows
        kas yang diatribusikan pada risiko tingkat suku                     that is attributable to interest rate risk and
        bunga dan risiko mata uang Perusahaan dan                           currency risk associated with recognized liabilities
        dapat mempengaruhi laba rugi. Instrumen                             that could affect profit or loss. Derivative
        derivatif diakui dalam laporan keuangan pada nilai                  instruments are recognized in the financial
        wajar. Untuk memenuhi persyaratan akuntansi                         statements at fair value. To qualify for hedge
        lindung nilai, beberapa kriteria tertentu harus                     accounting, certain criteria are to be met,
        dipenuhi, termasuk adanya dokumentasi formal                        including formal documentation to be in place at
        pada awal lindung nilai.                                            the inception of the hedge.




                                                               19
Page 217
                         PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

             CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
       (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


3.   IKHTISAR KEBIJAKAN AKUNTANSI YANG                             3.   SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (Lanjutan)                                                POLICIES (Continued)

     d. Instrumen derivatif untuk tujuan manajemen                      d. Derivative instruments        held     for    risk
        risiko (Lanjutan)                                                  management (Continued)

        PSAK 71 memperkenalkan ketentuan akuntansi                        PSAK 71 introduced new hedge accounting
        lindung nilai baru yang lebih menyelaraskan                       requirements which more align the accounting
        akuntansi dengan kegiatan manajemen risiko                        with risk management activities undertaken to
        yang dilakukan ketika melakukan lindung nilai                     hedge financial and non-financial risk.
        atas risiko keuangan dan non-keuangan.

        Pada penetapan awal lindung nilai, Perusahaan                     On initial designation of the hedge, the Company
        mendokumentasikan secara formal hubungan                          formally documents the relationship between the
        antara instrumen lindung nilai dan item yang                      hedging instruments and hedged items, including
        dilindung nilai, termasuk tujuan manajemen risiko                 the risk management objective and strategy in
        dan strategi dalam melaksanakan transaksi                         undertaking the hedge transaction, as well as the
        lindung nilai, bersamaan dengan metode yang                       method to be used to assess the effectiveness of
        akan digunakan untuk menilai efektivitas                          the hedging relationship. The Company makes an
        hubungan lindung nilai. Perusahaan menilai,                       assessment, both at the inception of the hedge
        pada awal hubungan lindung nilai dan juga                         relationship as well as on an ongoing basis, as to
        secara berkesinambungan, apakah instrumen                         whether the hedging instruments are expected to
        lindung nilai diharapkan akan sangat efektif                      be ‘highly effective’ in offsetting the changes in
        dalam rangka saling hapus atas perubahan nilai                    the fair value or cash flows of the respective
        wajar atau perubahan arus kas dari item yang                      hedged items during the period for which the
        dilindung nilai sepanjang periode dimana lindung                  hedge is designated.
        nilai tersebut ditetapkan.

        Jika derivatif ditetapkan sebagai instrumen                       When a derivative is designated as a cash flow
        lindung nilai arus kas, bagian efektif dari                       hedging instruments, the effective portion of
        perubahan nilai wajar derivatif tersebut diakui di                changes in the fair value of the derivative is
        penghasilan komprehensif lain (“OCI”) dan                         recognized in other comprehensive income
        diakumulasi dalam cadangan lindung nilai. Bagian                  (“OCI”) and accumulated in the hedging reserve.
        efektif dari perubahan nilai wajar derivatif yang                 The effective portion of changes in the fair value
        diakui di OCI terbatas pada perubahan kumulatif                   of the derivative that is recognized in OCI is
        nilai wajar item yang dilindungi nilainya, yang                   limited to the cumulative change in fair value of
        ditentukan berdasarkan nilai sekarang, sejak                      the hedged item, determined on a present value
        dimulainya lindung nilai. Setiap bagian yang tidak                basis, from inception of the hedge. Any ineffective
        efektif dari perubahan nilai wajar derivatif                      portion of changes in the fair value of the
        langsung diakui dalam laporan laba rugi.                          derivative is recognized immediately in profit or
                                                                          loss.

        Perusahaan hanya menetapkan perubahan nilai                       The Company designates only the change in fair
        wajar dari nilai intrinsik kontrak foreign currency               value of intrinstic value of foreign currency option
        option sebagai instrumen lindung nilai dalam                      contracts as the hedging instrument in cash flows
        hubungan lindung nilai arus kas. Perubahan nilai                  hedging relationships. The change in fair value of
        wajar dari nilai waktu kontrak foreign currency                   time value of foreign currency option contracts
        option (‘time value’) dicatat secara terpisah                     (‘time value’) is separately accounted for as a cost
        sebagai biaya lindung nilai dan diakui dalam                      of hedging and recognized in a cash flows
        cadangan lindung nilai arus kas dalam ekuitas.                    hedging reserves within equity.

        Jika lindung nilai tidak lagi memenuhi kriteria                   If the hedge no longer meets the criteria for
        untuk akuntansi lindung nilai atau instrumen                      hedged accounting or the hedging instruments is
        lindung nilai dijual, kedaluwarsa, dihentikan atau                sold, expires, is terminated or is exercised, then
        dilaksanakan, maka akuntansi lindung nilai                        hedge accounting is discontinued prospectively. If
        dihentikan secara prospektif. Jika arus kas masa                  the hedged future cash flows are no longer
        depan yang dilindungi nilainya tidak diharapkan                   expected to occur, then the amounts that have
        terjadi lagi, maka jumlah yang telah diakumulasi                  been accumulated in the hedging reserve and the
        dalam cadangan lindung nilai dan biaya cadangan                   cost of hedging reserve are immediately
        lindung nilai segera direklasifikasi ke laba rugi.                reclassified to profit or loss.




                                                              20
Page 218
                              PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

                CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
          (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


3.   IKHTISAR KEBIJAKAN AKUNTANSI YANG                                  3.       SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (Lanjutan)                                                         POLICIES (Continued)

     e.    Piutang lain-lain                                                     e.   Other receivables

           Piutang lain-lain mencakup piutang yang berasal                            Other receivables include receivables for which
           dari agunan (yaitu aset pembiayaan) yang                                   the collaterals (which are the financed assets)
           diambil-alih dari konsumen untuk penyelesaian                              have been repossessed from consumers for
           piutang pembiayaan atau piutang sewa                                       settlement of their financing receivables or finance
           pembiayaan, yang dinyatakan sebesar nilai                                  lease receivables, which is presented at the lower
           terendah antara nilai tercatat piutang terkait atau                        of the carrying value of the uncollected
           nilai realisasi neto dari agunan tersebut. Jika nilai                      receivables or the net realizable value of the
           atas piutang melebihi nilai realisasi neto dari                            collaterals. If the carrying amount of receivables
           agunan, selisih dicatat sebagai penyisihan                                 exceeds the net realizable value of the collaterals,
           kerugian penurunan nilai piutang lain-lain dan                             the difference is recorded as allowance for
           dibebankan pada laba rugi tahun berjalan.                                  impairment losses of other receivables and is
                                                                                      charged to the current year profit or loss.

           Pada umumnya, Perusahaan tidak mengambil                                   Ordinarily, the Company does not take title in the
           kepemilikan atas agunan yang diambil-alih tetapi                           repossessed      collaterals but   assists     the
           membantu konsumen untuk menjual agunan                                     consumers in selling the assets to enable the
           tersebut sehingga dapat melunasi saldo utang                               customers to settle the outstanding financing
           pembiayaannya.                                                             payable.

           Konsumen memberi kuasa kepada Perusahaan                                   In the case of default, the consumers give the
           untuk menjual aset pembiayaan ataupun                                      right to the Company to sell the financed assets or
           melakukan tindakan lainnya dalam upaya                                     take any other actions to settle the outstanding
           penyelesaian piutang ketika terjadi wanprestasi                            receivables. Excess of the proceeds from sales of
           terhadap perjanjian pembiayaan. Selisih lebih                              financed assets and the outstanding receivables
           antara hasil penjualan aset pembiayaan dengan                              is refunded to customers. The shortage is
           saldo piutang dikembalikan kepada pelanggan.                               charged to allowance for impairment losses on
           Sedangkan selisih kurang akan dibebankan                                   consumer finance receivables and finance lease
           sebagai penyisihan kerugian penurunan nilai                                receivables.
           piutang pembiayaan konsumen dan piutang sewa
           pembiayaan.

     f.    Aset tetap                                                            f. Fixed assets

           Tanah yang diperoleh dengan Hak Guna                                       Land acquired under Hak Guna Bangunan
           Bangunan (“HGB”) diukur sebesar biaya                                      (“HGB”) title is measured at acquisition cost
           perolehan (termasuk biaya legal dan administrasi                           (including the legal and administrative costs
           yang timbul dalam transaksi untuk memperoleh                               incurred in the transactions to acquire the land)
           tanah) dan tidak diamortisasi.                                             and is not amortized.

           Aset tetap pada awalnya dinyatakan sebesar                                 Fixed assets are initially recognized at acquisition
           harga perolehan. Setelah pengukuran awal, aset                             cost. After initial measurement, fixed assets are
           tetap diukur dengan model biaya, dicatat pada                              measured using the cost model, carried at its cost
           harga perolehan dikurangi akumulasi penyusutan                             less accumulated depreciation and accumulated
           dan akumulasi penurunan nilai.                                             impairment losses.

           Penyusutan    aset tetap     dihitung dengan                               Depreciation on fixed assets are calculated on the
           menggunakan metode garis lurus untuk                                       straight-line method to allocate their cost to their
           mengalokasikan    harga     perolehan  hingga                              residual values over their estimated useful lives
           mencapai nilai sisa sepanjang estimasi masa                                as follows:
           manfaatnya sebagai berikut:
                                                    Tahun/Years                  %

           Bangunan                                     20                        5                                            Buildings
           Renovasi gedung                             3-5                    20 - 33,3                         Leasehold improvements
           Perabotan kantor                            3-4                    25 - 33,3                                  Office furniture
           Peralatan kantor                            3-8                   12,5 - 33,3                               Office equipment
           Kendaraan                                   4-8                    12,5 - 25                                         Vehicles




                                                                   21
Page 219
                          PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

              CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
        (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


3.   IKHTISAR KEBIJAKAN AKUNTANSI YANG                               3.   SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (Lanjutan)                                                  POLICIES (Continued)

     f. Aset tetap (Lanjutan)                                             f. Fixed assets (Continued)

         Beban perbaikan dan pemeliharaan dibebankan                         Repairs and maintenance are charged to profit or
         ke dalam laba rugi selama tahun dimana beban-                       loss during the year in which they are incurred.
         beban tersebut terjadi. Pengeluaran yang                            Expenditures that extend the future life of assets
         memperpanjang masa manfaat aset atau yang                           or provide further economic benefits are
         memberikan       tambahan      manfaat ekonomis                     capitalized and depreciated.
         dikapitalisasi dan disusutkan.

         Apabila aset tetap tidak digunakan lagi atau dijual,                When fixed assets are retired or disposed, their
         maka nilai tercatat dan akumulasi penyusutannya                     carrying values and the related accumulated
         dikeluarkan dari laporan posisi keuangan, dan                       depreciation are removed from the statement of
         keuntungan atau kerugian yang terjadi diakui                        financial position, and the resulting gains or losses
         dalam laba rugi.                                                    are recognized in the current year profit or loss.

     g. Aset tak berwujud                                                 g. Intangible assets

         Aset tak berwujud terdiri dari perangkat lunak yang                 Intangible assets consist of software acquired by
         dibeli oleh Perusahaan.                                             the Company.

         Perangkat lunak pada awalnya dinyatakan                             Software is initially recognized at acquisition cost.
         sebesar harga perolehan. Setelah pengakuan                          After initial recognition, intangible assets are
         awal, aset tak berwujud diukur menggunakan                          measured using cost model, stated at cost less
         model biaya, dicatat sebesar biaya perolehannya                     accumulated amortization.
         dikurangi akumulasi amortisasi.

         Pengeluaran selanjutnya untuk perangkat lunak                       Subsequent expenditure on software assets is
         akan dikapitalisasi hanya jika pengeluaran                          capitalised only when it increases the future
         tersebut menambah manfaat ekonomi di masa                           economic benefits embodied in the specific asset
         mendatang untuk aset yang bersangkutan. Semua                       to which it relates. All other expenditures are
         pengeluaran lainnya dibebankan pada saat                            expensed as incurred.
         terjadinya.

         Amortisasi diakui dalam laporan laba rugi dengan                    Amortisation is recognized in the statement of
         menggunakan metode garis lurus sepanjang                            profit or loss on a straight-line method over the
         estimasi masa manfaatnya, dimulai dari tanggal                      estimated useful life of the software, from the date
         perangkat lunak tersebut tersedia untuk dipakai.                    that it is available for use. The estimated useful
         Estimasi masa manfaat perangkat lunak adalah                        life of software is four years.
         empat tahun.

         Metode amortisasi, estimasi masa manfaat dan                        Amortisation method, useful lives and residual
         nilai residual ditelaah pada setiap akhir tahun                     values are reviewed at each financial year-end
         pelaporan dan disesuaikan jika dianggap tepat.                      and adjusted, if appropriate.




                                                                22
Page 220
                      PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

           CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
     (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


3.   IKHTISAR KEBIJAKAN AKUNTANSI YANG                         3.   SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (Lanjutan)                                            POLICIES (Continued)

     h. Pengakuan pendapatan dan beban                              h. Revenue and expense recognition

       h.1. Pendapatan pembiayaan, pendapatan sewa                    h.1. Financing income, finance lease
            pembiayaan, pendapatan bunga dan beban                        income, interest income and interest
            bunga                                                         expenses

           Pendapatan bunga atas aset keuangan yang                      Interest income for financial assets held at
           diukur dengan biaya perolehan diamortisasi                    amortized cost, and interest expense on
           dan beban bunga atas liabilitas keuangan yang                 financial liabilities held at amortized cost
           diukur dengan biaya perolehan diamortisasi,                   are recognized in profit or loss using the
           diakui pada laba rugi berdasarkan metode suku                 effective interest method.
           bunga efektif.

           Beban     provisi  yang    dibayar  dimuka                    Upfront fees related to borrowings are
           sehubungan dengan pinjaman yang diterima                      recognized as transaction costs associated
           diakui sebagai biaya transaksi yang terkait                   with the origination of borrowings and are
           langsung dengan pinjaman yang diterima dan                    amortized over the terms of the related
           diamortisasi selama jangka waktu pinjaman                     borrowings using the effective interest
           yang diterima tersebut dengan menggunakan                     method.
           metode suku bunga efektif.

           Metode suku bunga efektif adalah metode                       The effective interest method is a method
           dalam menghitung biaya perolehan diamortisasi                 of calculating the amortized cost of a
           atas aset atau liabilitas keuangan dan alokasi                financial asset or a financial liability and of
           atas pendapatan atau beban bunga pada                         allocating the interest income or interest
           periode yang relevan. Suku bunga efektif                      expense over the relevant period. The
           adalah tingkat bunga yang mendiskontokan                      effective interest rate is the rate that
           estimasi pembayaran atau penerimaan kas                       discounts estimated future cash payments
           masa depan sepanjang umur yang diekspektasi                   or receipts through the expected life of the
           atas instrumen keuangan, atau periode yang                    financial instrument or, when appropriate, a
           lebih pendek, atas nilai tercatat bruto dari aset             shorter period, to the gross carrying
           keuangan atau pada biaya perolehan                            amount of the financial asset or to the
           diamortisasi untuk liabilitas keuangan.                       amortized cost of the financial liability.

           Saat menghitung suku bunga efektif instrumen                  When calculating the effective interest rate
           keuangan selain aset yang dibeli atau yang                    for financial instruments other than
           berasal dari aset keuangan memburuk,                          purchased or originated credit-impaired
           Perusahaan melakukan estimasi arus kas masa                   assets, the Company estimates future cash
           depan dengan mempertimbangkan seluruh                         flows considering all contractual terms of
           perjanjian kontraktual atas instrumen keuangan                the financial instrument (for example
           (antara lain opsi pelunasan dipercepat) tapi                  prepayment options) but does not consider
           tidak mempertimbangkan kerugian kredit masa                   future credit losses. The calculation of the
           depan. Perhitungan suku bunga efektif                         effective interest rate includes transaction
           termasuk biaya transaksi dan imbalan yang                     costs and fees that are an integral part of
           merupakan bagian yang tak terpisahkan dari                    the effective interest rate.
           suku bunga efektif.

           Suku bunga efektif aset atau liabilitas keuangan              The effective interest rate of a financial
           dihitung pada saat pengakuan awal aset atau                   assets or financial liability is calculated on
           liabilitas keuangan tersebut. Dalam menghitung                initial recognition of a financial asset or
           pendapatan dan beban bunga, suku bunga                        financial liability. In calculating interest
           efektif diterapkan atas nilai tercatat bruto aset             income and expense, the effective interest
           keuangan (ketika aset tidak mengalami                         rate is applied to the gross carrying amount
           penurunan nilai) atau atas biaya perolehan                    of the asset (when the asset is not credit-
           diamortisasi dari liabilitas keuangan. Untuk aset             impaired) or to the amortized cost of the
           keuangan yang telah mengalami penurunan                       financial liability. For financial assets that
           nilai setelah pengakuan awal (aset dalam tahap                have become credit-impaired subsequent to
           3), pendapatan bunga dihitung dengan                          initial recognition (asset in stage 3), interest
           menerapkan suku bunga efektif atas biaya                      income is calculated by applying the
           perolehan diamortisasi aset keuangan tersebut.                effective interest rate to the amortized cost
           Jika aset tersebut tidak lagi mengalami                       of the financial asset. If the asset is no
           penurunan nilai, maka perhitungan pendapatan                  longer credit-impaired, then the calculation
           bunga kembali menggunakan nilai tercatat                      of interest income reverts to the gross
           bruto.                                                        carrying amount.



                                                          23
Page 221
                           PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

                CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
          (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


3.   IKHTISAR KEBIJAKAN AKUNTANSI YANG                             3. SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (Lanjutan)                                              POLICIES (Continued)
     h. Pengakuan pendapatan dan beban (Lanjutan)                    h. Revenue     and       expense        recognition
                                                                        (Continued)
          h.1.   Pendapatan pembiayaan, pendapatan sewa                h.1. Financing income, finance lease income,
                 pembiayaan, pendapatan bunga dan beban                     interest income and interest expenses
                 bunga (Lanjutan)                                           (Continued)

                 Saat estimasi arus kas telah direvisi, nilai               Where the estimates of cash flows have
                 tercatat atas aset atau liabilitas keuangan                been revised, the carrying amount of the
                 disesuaikan untuk merefleksikan arus kas                   financial asset or liability is adjusted to
                 yang aktual dan direvisi, didiskontokan pada               reflect the actual and revised cash flows,
                 suku bunga efektif original. Penyesuaian ini               discounted at the instruments original
                 diakui sebagai pendapatan atau beban bunga                 effective interest rate. The adjustment is
                 pada periode dilakukannya revisi.                          recognized as interest income or expense in
                                                                            the period in which the revision is made.

          h.2.   Pendapatan lain-lain                                  h.2. Other income
                 Pendapatan jasa administrasi diakui segera                 Administration fees are recognized directly
                 dalam laba rugi sebagai pendapatan                         in profit or loss as revenue to the extent it
                 sepanjang terkait dengan pengembalian biaya                relates with reimbursement cost incurred at
                 yang   terjadi    saat    perolehan piutang                the origination of the financing receivables.
                 pembiayaan. Marjin yang diperoleh dari                     The margin derived from administration fees
                 pendapatan jasa administrasi ditangguhkan                  is deferred as transaction cost in financing
                 sebagai biaya transaksi dalam piutang                      receivables. Insurance commission income
                 pembiayaan. Pendapatan komisi asuransi                     is recognized upon origination of the
                 diakui  pada      saat    perolehan piutang                financing receivables.
                 pembiayaan telah terjadi.
                 Pendapatan denda keterlambatan diakui pada                 Late charges     income    is   recorded   as
                 saat terjadinya.                                           incurred.
     i. Imbalan kerja                                                i. Employment benefits
          i.1.   Imbalan pascakerja                                    i.1. Post-employment benefits
                 Kewajiban imbalan pascakerja dihitung                      The obligation for post-employment benefit
                 sebesar nilai kini estimasi jumlah kewajiban               is calculated at the present value of
                 imbalan pascakerja di masa depan yang                      estimated    future   benefits  that   the
                 timbul dari jasa yang telah diberikan oleh                 employees have earned for their services in
                 karyawan pada masa kini dan masa lalu.                     the current and prior period. The
                 Perhitungan      dilakukan    oleh   aktuaris              calculations are performed by a qualified
                 berkualifikasi dengan metode projected-unit-               actuary using the projected-unit-credit
                 credit.                                                    method.
                 Keuntungan atau kerugian aktuaria diakui                   Actuarial gains or losses are recognized as
                 sebagai penghasilan komprehensif lain pada                 other comprehensive income in the period
                 periode dimana hal tersebut terjadi. Apabila               in which they arise. When the plan benefits
                 rencana imbalan pascakerja berubah, bagian                 changes, the portion of the benefits that
                 atas imbalan sehubungan dengan biaya jasa                  relates to past service by employees is
                 lalu dibebankan atau dikreditkan segera                    charged or credited immediately to profit or
                 dalam laba rugi.                                           loss.
          i.2.   Insentif jangka panjang                                i.2. Long-term incentive
                 Kewajiban Perusahaan terkait insentif jangka               The Company’s obligation in respect of
                 panjang merupakan imbalan yang akan di                     long-term incentive is the amount of the
                 terima di masa mendatang sebagai                           future benefits that employees have earned
                 kompensasi atas jasa yang diberikan dan                    in return for their services performances in
                 memenuhi kondisi kinerja selama tiga tahun                 three years which consists of current and
                 yang terdiri dari periode sekarang dan                     prior periods. The accrual on long-term
                 periode-periode sebelumnya. Akrual atas                    incentives is recognized as an expense
                 insentif jangka panjang diakui sebagai beban               over the program period.
                 selama periode program.
     j.     Pajak penghasilan                                        j. Income tax
            Beban pajak penghasilan terdiri dari pajak kini dan         Income tax expense consists of current and
            pajak tangguhan. Beban pajak penghasilan diakui             deferred income tax. Income tax expense are
            pada laba rugi, kecuali untuk komponen yang diakui          recognized in profit or loss except to the extent
            secara langsung di ekuitas atau di penghasilan              that they relate to items recognized directly in
            komprehensif lain.                                          equity or in other comprehensive income.

                                                              24
Page 222
                        PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

           CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
     (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


3.   IKHTISAR KEBIJAKAN             AKUNTANSI        YANG       3.   SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (Lanjutan)                                             POLICIES (Continued)
     j.   Pajak penghasilan (Lanjutan)                               j. Income tax (Continued)
          Beban pajak kini merupakan jumlah atas pajak                Current tax expenses is the amount of tax
          yang dibayar, atau terutang atas laba atau rugi             paid, or payable on taxable income or loss for
          kena pajak untuk tahun yang bersangkutan,                   the year, using tax rates substantively enacted
          dengan menggunakan tarif pajak yang secara                  as of the reporting date. Current tax also
          substansif telah berlaku pada tanggal pelaporan.            includes true-up adjustments made to the
          Pajak    kini   juga    termasuk   penyesuaian-             previous years’ tax provisions either to
          penyesuaian yang dibuat untuk penyisihan pajak              reconcile them with the income tax reported in
          tahun-tahun       sebelumnya,     baik     untuk            annual tax returns, or to account for
          merekonsiliasi pajak penghasilan dengan pajak               differences arising from tax assessments.
          yang dilaporkan di surat pemberitahuan tahunan,             Current tax expense is measured using the
          atau untuk memperhitungkan perbedaan yang                   best estimate of the amount expected to be
          muncul dari pemeriksaan pajak. Beban pajak kini             paid or received, taking into consideration the
          diukur menggunakan estimasi terbaik atas jumlah             uncertaintly associated with the complexity of
          yang diperkirakan akan dibayar atau diterima,               tax regulations.
          dengan mempertimbangkan ketidakpastian terkait
          dengan kompleksitas peraturan pajak.
          Pajak tangguhan diakui atas perbedaan temporer              Deferred tax is recognized in respect of
          antara nilai tercatat aset dan liabilitas untuk             temporary differences between the carrying
          tujuan pelaporan keuangan dan nilai yang                    amounts of assets and liabilities for financial
          digunakan untuk tujuan perpajakan. Pajak                    reporting purposes and the amounts used for
          tangguhan diukur dengan tarif pajak yang                    taxation purposes. Deferred tax is measured
          diharapkan untuk diterapkan atas perbedaan                  at the tax rates that are expected to be applied
          temporer pada saat pembalikan, berdasarkan                  to temporary differences when they reverse,
          peraturan yang telah berlaku atau secara                    based on the laws that have been enacted or
          substansial berlaku pada tanggal pelaporan.                 substantially enacted as of the reporting date.
          Metode ini juga mengharuskan pengakuan                      This method also requires the recognition of
          manfaat pajak masa depan, seperti rugi fiskal               future tax benefits, such as tax loss
          yang belum dikompensasi, apabila besar                      carryforwards, to the extent that realization of
          kemungkinan manfaat pajak tersebut dapat                    such benefits is probable.
          direalisasi.
          Aset pajak tangguhan merupakan saldo bersih                 Deferred tax assets represent the net
          atas manfaat pajak tangguhan yang timbul dan                remaining balance of deferred tax benefits that
          dipergunakan sampai dengan tanggal pelaporan.               have been originated and utilized through the
          Aset pajak tangguhan dikaji ulang pada setiap               reporting date. Deferred tax assets are
          tanggal pelaporan dan dikurangkan dengan                    reviewed at each reporting date and are
          manfaat pajak sejumlah nilai yang besar                     reduced to the extend that it is no longer
          kemungkinan      tidak     dapat      direalisasi.          probable that the related tax benefit will be
          Pengurangan tersebut akan dibalik ketika                    realized; such reductions are reversed when
          kemungkinan realisasi melalui laba kena pajak di            the probability of their realization through
          masa depan meningkat.                                       future taxable profits improves.
          Aset pajak tangguhan yang belum diakui dinilai              Unrecognized deferred tax assets are
          kembali pada setiap tanggal pelaporan dan diakui            reassessed at each reporting date and
          apabila sepanjang kemungkinan laba kena pajak               recognized to the extent that it has become
          masa depan akan tersedia untuk digunakan.                   probable that future taxable profits will be
                                                                      available againts which they can be used.
          Dalam menentukan jumlah pajak kini dan                      In determining the amount of current and
          tangguhan,    Perusahaan      memperhitungkan               deferred tax, the Company takes into account
          dampak atas posisi pajak yang tidak pasti dan               the impact of uncertain tax positions and any
          tambahan pajak serta penalti.                               additional taxes and penalties.
          Penyesuaian yang        mungkin terjadi dari                Adjustments that may arise from the tax
          pemeriksaan otoritas pajak atas pengembalian                authority’s examination of previous year’s tax
          tahun sebelumnya dicatat dalam laba rugi di                 return filings are accounted for in profit or loss
          tahun saat penilaian pajak diterbitkan. Jika                in the year in which the tax assessment is
          manajemen mengajukan keberatan atas penilaian               issued. In the event that management object
          pajak dan memberikan penjelasan untuk                       to the assessment and sets forth a plausible
          mempertahankan posisi Perusahaan sesuai                     defense to sustain the Company’s position as
          dengan yang tercantum dalam laporan pajak                   declared in the contested tax return, the
          yang bersangkutan, penyesuaian yang dihasilkan              resulting adjustments are made at the
          dibuat pada akhir proses banding.                           conclusion of the appeal process.




                                                           25
Page 223
                             PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

               CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
          (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


3.   IKHTISAR KEBIJAKAN                 AKUNTANSI         YANG       3.   SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (Lanjutan)                                                  POLICIES (Continued)

     k. Laba bersih per saham                                             k. Earnings per share

          Sesuai dengan PSAK No. 56, laba bersih per saham                   In accordance with PSAK No. 56, basic earnings
          dasar dihitung dengan membagi laba bersih yang                     per share is computed by dividing net income
          dapat diatribusikan kepada pemilik dengan rata-rata                attributable to equity holders by the weighted
          tertimbang jumlah saham biasa yang ditempatkan dan                 average number of outstanding issued and fully
          disetor penuh selama tahun yang bersangkutan.                      paid-up common shares during the year.

     l.   Segmen operasi                                                  l. Operating segment

          Segmen operasi adalah komponen dari Perusahaan                     An operating segment is a component of the
          yang terlibat dalam aktivitas bisnis yang menghasilkan             Company that engages in business activities, in
          pendapatan dan menimbulkan beban, termasuk                         which it may earn revenues and incur expenses,
          pendapatan dan beban yang terkait dengan transaksi                 including revenues and expenses that relate to
          dengan komponen lain, dimana hasil operasinya dikaji               transactions with other components, whose
          ulang secara berkala oleh Direksi Perusahaan untuk                 operating results are reviewed regularly by the
          membuat keputusan mengenai sumber daya yang                        Company’s Board of Directors to make decisions
          akan dialokasikan pada segmen tersebut dan menilai                 about resources allocated to the segment and
          kinerjanya, serta tersedia informasi keuangan yang                 assess its performance, and for which discrete
          dapat dipisahkan. Hasil segmen yang dilaporkan                     financial information is available. Segment
          kepada Direksi Perusahaan meliputi komponen-                       results that are reported to the Company’s Board
          komponen yang dapat diatribusikan secara langsung                  of Directors include items directly attributable to
          kepada suatu segmen, dan komponen-komponen                         a segment, as well as those that can be allocated
          yang dapat dialokasikan dengan dasar yang wajar.                   on a reasonable basis. Unallocated items mainly
          Komponen yang tidak dapat dialokasikan terutama                    comprise of income tax assets and liabilities,
          terdiri dari aset dan liabilitas pajak penghasilan,                including current and deferred taxes, and fixed
          termasuk pajak kini dan pajak tangguhan, serta aset                assets.
          tetap.

          Perusahaan mengelola kegiatan usahanya dan                         The Company manages its business activities
          mengidentifikasi segmen yang dilaporkan berdasarkan                and identifies reported segments based on
          jenis produk dan wilayah geografis. Beberapa jenis                 product categories and geographic area.
          produk dan wilayah yang memiliki karakteristik serupa,             Product categories and areas which have similar
          diagregasikan dan dievaluasi secara berkala oleh                   characteristics are aggregated and evaluated
          manajemen. Laba atau rugi dari masing-masing                       periodically by management. Profit or loss from
          segmen digunakan untuk menilai kinerja masing-                     each segment is used to assess the
          masing segmen.                                                     performance of each segment.

     m. Penjabaran mata uang asing                                        m. Foreign currency translation

          Transaksi dalam mata uang asing dijabarkan ke mata                 Transactions in foreign currencies are translated
          uang fungsional Perusahaan (Rupiah) dengan                         to the Company’s functional currency (Rupiah)
          menggunakan kurs yang berlaku pada tanggal                         at the rates prevailing at transaction date. Year
          transaksi. Saldo akhir tahun aset dan liabilitas moneter           end balances of monetary assets and monetary
          dalam mata uang asing dijabarkan ulang ke dalam                    liabilities denominated in foreign currencies are
          Rupiah dengan menggunakan kurs yang berlaku pada                   retranslated to Rupiah exchange rates as of
          tanggal pelaporan.                                                 reporting date.

          Laba atau rugi kurs mata uang asing dari aset dan                  The foreign exchange gains or losses on
          liabilitas moneter merupakan selisih antara biaya                  monetary items is the difference between
          perolehan diamortisasi dalam Rupiah pada awal                      amortized cost in Rupiah at the beginning of the
          periode, yang disesuaikan dengan suku bunga efektif                period, adjusted for effective interest rate and
          dan pembayaran selama periode berjalan, dengan                     payments during the period, and the amortized
          biaya perolehan diamortisasi dalam mata uang asing                 cost in foreign currency translated into Rupiah at
          yang dijabarkan ke dalam Rupiah dengan                             the exchange rate at reporting date.
          menggunakan kurs pada tanggal pelaporan.




                                                                26
Page 224
                           PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

             CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
        (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


3.   IKHTISAR KEBIJAKAN              AKUNTANSI         YANG          3.     SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (Lanjutan)                                                    POLICIES (Continued)

     m. Penjabaran mata uang asing (Lanjutan)                               m.Foreign currency translation (Continued)

       Keuntungan dan kerugian selisih kurs yang timbul                       Foreign currency gains and losses on
       dari penjabaran aset dan liabilitas keuangan dalam                     retranslation of financial assets and liabilities
       mata uang asing yang berasal dari aktivitas operasi                    that arise from operating activities are generally
       pada umumnya diakui pada laba rugi, kecuali untuk                      recognized in profit or loss, except for the
       laba dan rugi selisih kurs yang timbul dari penjabaran                 foreign exchange gains and losses arising from
       kembali instrumen derivatif yang memenuhi kriteria                     the retranslation of a qualifying cash flows
       lindung nilai arus kas, yang diakui langsung di                        hedge, which are recognized directly in other
       penghasilan komprehensif lain.                                         comprehensive income.

       Pada tanggal 31 Desember 2023 dan 2022, kurs                           As at 31 December 2023 and 2022, the
       nilai tukar yang digunakan adalah kurs tengah Bank                     exchange rates used were the prevailing Bank
       Indonesia (nilai penuh) adalah sebagai berikut:                        Indonesia middle rates (full amount) as follows:

                                                   31 Desember/December
                                                   2023            2022

       1 Dolar Amerika Serikat                        15.439)             15.592                                      1 US Dollar
       100 Yen Jepang                                 10.921)             11.796                                100 Japanese Yen

     n. Transaksi dengan pihak-pihak berelasi                              n.Transactions with related parties

       Pihak-pihak berelasi adalah orang atau entitas yang                    Related parties are the persons or entities
       terkait dengan entitas yang menyiapkan laporan                         related to the entity that prepares the financial
       keuangannya (entitas pelapor). Yang termasuk                           statements (reporting entity). The related parties
       pihak berelasi adalah sebagai berikut:                                 are as follows:

       a.   Orang atau anggota keluarga dekatnya                              a. The person or immediate family member has
            mempunyai relasi dengan entitas pelapor jika                         a relationship with the reporting entity if the
            orang tersebut:                                                      person:

            a.1 memiliki pengendalian atau pengendalian                            a.1 has control or joint control over the
                bersama atas entitas pelapor;                                          reporting entity;
            a.2 memiliki pengaruh signifikan atas entitas                          a.2 has a significant influence on the
                pelapor; atau                                                          reporting entity; or
            a.3 merupakan personil manajemen kunci                                 a.3 is a key management personnel of the
                entitas pelapor atau entitas induk dari                                reporting entity or the parent of the
                entitas pelapor.                                                       reporting entity.

       b.   Suatu entitas berelasi dengan entitas pelapor                     b. An entity is related to the reporting entity if it
            jika memenuhi salah satu hal berikut:                                meets one of the following:

            b.1 Entitas dan entitas pelapor adalah anggota                         b.1 The entity and the reporting entity are
                dari kelompok usaha yang sama (artinya                                  members of the same group (which
                entitas induk, entitas anak, dan sesama                                 means that each the parent, subsidiary,
                entitas anak saling berelasi dengan entitas                             and fellow subsidiary is related to the
                lainnya).                                                               others).
            b.2 Satu entitas adalah entitas asosiasi atau                          b.2 An entity is an associate or joint venture
                ventura bersama dari entitas lain (atau                                of another entity (or an associate or joint
                entitas asosiasi atau ventura bersama yang                             venture entity that is a member of a
                merupakan anggota suatu kelompok                                       business group of which the other entity
                usaha, yang mana entitas lain tersebut                                 is also a member).
                adalah anggotanya).




                                                                27
Page 225
                              PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

                CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
           (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


3.   IKHTISAR KEBIJAKAN                  AKUNTANSI          YANG      3.       SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (Lanjutan)                                                       POLICIES (Continued)

     n. Transaksi dengan pihak-pihak berelasi                                  n. Transactions with related parties (Continued)
        (Lanjutan)

          b. Suatu entitas berelasi dengan entitas pelapor jika                  b. An entity is related to the reporting entity if it
             memenuhi salah satu hal berikut (Lanjutan):                            meets one of the following (Continued):

              b.3 Entitas tersebut adalah suatu program                              b.3 The entity is a post-employment benefit
                  imbalan pascakerja untuk imbalan kerja dari                            plan for the benefit of employee of one of
                  salah satu entitas pelapor atau entitas yang                           the reporting entities or entities
                  terkait dengan entitas pelapor. Jika entitas                           associated with the reporting entity. If the
                  pelapor        adalah        entitas      yang                         reporting entity is the entity that
                  menyelenggarakan program tersebut, maka                                organizes the program, then the
                  entitas sponsor juga berelasi dengan entitas                           sponsoring entity is also related to the
                  pelapor.                                                               reporting entity.
              b.4 Entitas yang dikendalikan atau dikendalikan                        b.4 Entities controlled or jointly controlled by
                  bersama oleh orang yang diidentifikasikan                              persons identified in letter (a).
                  dalam huruf (a).
              b.5 Orang yang diidentifikasikan dalam huruf                           b.5 The person identified in the letters (a.1)
                  (a.1) memiliki pengaruh signifikan atas                                has a significant influence over the entity
                  entitas atau merupakan personil manajemen                              or is the key management personnel of
                  kunci entitas (atau entitas induk dari entitas).                       the entity (or parent entity of the entity).

       Jenis transaksi dan saldo dengan pihak-pihak                              The nature of transactions and balances of
       berelasi, yang dilakukan berdasarkan persyaratan                          accounts with related parties, which are made
       komersial pada umumnya, yang disetujui oleh kedua                         based on commercial terms agreed by the
       belah pihak, dan persyaratan tersebut mungkin tidak                       parties, and which may not be the same as those
       sama dengan persyaratan pada transaksi yang                               of the transactions with third parties, are
       dilakukan dengan pihak ketiga, diungkapkan dalam                          disclosed in the notes to the financial statements.
       catatan atas laporan keuangan.



4.   MANAJEMEN RISIKO KEUANGAN DAN                                    4.   FINANCIAL RISK MANAGEMENT AND
     MANAJEMEN MODAL                                                       CAPITAL MANAGEMENT
     Pendahuluan dan gambaran umum                                         Introduction and overview
     Perusahaan memiliki eksposur terhadap risiko-risiko                   The Company has exposure to the following risks from
     atas instrumen keuangan sebagai berikut:                              financial instruments:

           Risiko kredit                                                      Credit risk
           Risiko pasar                                                       Market risk
           Risiko likuiditas                                                  Liquidity risk
           Risiko operasional                                                 Operational risk
     Kerangka manajemen risiko                                             Risk management framework
     Keseluruhan program manajemen risiko Perusahaan                       The Company’s overall risk management program
     terfokus untuk memitigasi volatilitas pasar keuangan                  focuses on mitigating the volatility of financial markets
     dan untuk meminimalisasi dampak yang tidak                            and minimizing potential adverse effects on the
     menguntungkan bagi kinerja keuangan Perusahaan.                       Company’s financial performance.

     Direksi memiliki tanggung jawab secara menyeluruh                     The Board of Directors has the overall responsibility for
     atas    penetapan    dan    pengawasan  kerangka                      the establishment and oversight of the Company’s risk
     manajemen risiko Perusahaan.                                          management framework.
     Kebijakan manajemen risiko Perusahaan ditetapkan                      The Company’s risk management policies are
     untuk mengidentifikasi dan menganalisa risiko-risiko                  established to identify and analyze risks faced by the
     yang dihadapi Perusahaan, untuk menetapkan batasan                    Company, to set appropriate risk limits and controls,
     dan pengendalian risiko yang sesuai, serta untuk                      and to monitor risks and adherence to limits. Risk
     mengawasi risiko dan kepatuhan terhadap batasan                       management policies and systems are reviewed
     yang telah ditetapkan. Kebijakan dan sistem                           regularly to reflect changes in market conditions,
     manajemen risiko dikaji secara berkala untuk                          products and services offered.
     mencerminkan perubahan pada kondisi pasar, produk
     dan jasa yang ditawarkan.



                                                                 28
Page 226
                           PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

               CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
          (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


4.   MANAJEMEN RISIKO KEUANGAN DAN                                4.   FINANCIAL RISK MANAGEMENT AND
     MANAJEMEN MODAL (Lanjutan)                                        CAPITAL MANAGEMENT (Continued)

     Tujuan dan kebijakan manajemen risiko keuangan                    Objectives and policies of financial risk
                                                                       management
     Manajemen risiko keuangan Perusahaan bertujuan                    The objective of the Company’s financial risk
     untuk memastikan kecukupan sumber daya keuangan                   management is to ensure the adequacy of financial
     untuk mendukung pertumbuhan dan pengembangan                      resources to support business growth and
     usaha, serta mengelola risiko mata uang asing, risiko             development, while managing exposures to foreign
     tingkat bunga, risiko kredit dan risiko likuiditas.               exchange risk, interest rate risk, credit risk and liquidity
     Perusahaan beroperasi sesuai rumusan pedoman yang                 risk. The Company operates within defined guidelines
     telah disetujui oleh Direksi.                                     that are approved by the Board of Directors.
     a.    Risiko kredit                                               a. Credit risk
           Perusahaan bergerak dalam bidang usaha                         The Company is engaged in financing business
           pembiayaan dan dengan demikian menghadapi                      and is therefore exposed to credit default risk from
           risiko kegagalan kredit dari pelanggannya. Untuk               its customers. To manage this risk, the Company
           mengelola risiko ini, Perusahaan menggunakan                   employs written credit policies and procedures. The
           kebijakan dan prosedur kredit tertulis. Proses                 credit approval process begins with a written
           persetujuan kredit dimulai dengan analisa tertulis             analysis of the customer’s creditworthiness
           atas kelayakan kredit pelanggan diikuti dengan                 followed by a physical inspection of the customer’s
           pemeriksaan fisik aset, tempat tinggal, dan/atau               assets, residence, and/or business premises. Fund
           tempat usaha pelanggan. Pencairan dana tidak                   disbursements are not permitted unless there is
           dapat dilakukan, kecuali terdapat bukti bahwa                  evidence that the aforementioned analysis has
           analisa tersebut telah diperiksa dan disetujui oleh            been reviewed and approved by authorized
           manajer yang berwenang. Untuk kredit dengan                    managers. For credit in larger amounts, the
           nilai yang lebih besar, proses persetujuan kredit              process requires review and approval from more
           membutuhkan penelaahan dan persetujuan dari                    senior managers.
           manajer yang lebih senior.

           Setiap piutang pembiayaan dijamin dengan                       Each finance receivable are secured by collaterals
           agunan berupa kendaraan bermotor dan barang                    in the form of motor vehicles and capital goods
           modal yang menjadi objek pembiayaan tersebut,                  which become the object of the financing, in which
           dimana nilai dari agunan tersebut paling sedikit               the value of the collaterals was at least equal to the
           setara dengan nilai piutang pembiayaan pada                    financing receivables at the initial acquisition date
           tanggal awal pengakuan piutang pembiayaan.                     of financing receivables.

           Eksposur kredit Perusahaan dipantau secara                     The Company’s credit exposure is continuously
           terus-menerus untuk mengurangi konsentrasi dan                 monitored to mitigate concentration and to ensure
           untuk menjamin diversifikasi pelanggan, sektor                 diversification in customers, business sectors,
           usaha, aset dan geografis. Piutang lewat jatuh                 assets, and geography. Past due receivables are
           tempo, status penagihan dan penarikan aset                     monitored on a daily basis by senior management,
           dipantau setiap hari oleh manajemen senior.                    along with the status of collection and asset
                                                                          repossession.
     i.   Eksposur maksimum terhadap risiko kredit                          i.   Maximum exposure to credit risk
          Eksposur Perusahaan terhadap risiko kredit hampir                      The Company’s exposure to credit risk mainly
          seluruhnya berasal dari piutang pembiayaan dan                         comes from the financing receivables and
          piutang sewa pembiayaan, dimana eksposur                               finance lease receivables, of which the
          maksimum terhadap risiko kredit sama dengan nilai                      maximum exposure to credit risk equals to the
          tercatatnya.                                                           carrying amount.




                                                             29
Page 227
                             PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

               CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
          (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


4.   MANAJEMEN RISIKO KEUANGAN DAN                                            4. FINANCIAL RISK MANAGEMENT AND
     MANAJEMEN MODAL (Lanjutan)                                                  CAPITAL MANAGEMENT (Continued)
     a.   Risiko kredit (Lanjutan)                                                   a.    Credit risk (Continued)
          ii.  Analisa risiko kredit                                                       ii. Credit risk analysis
               Pembagian aset keuangan berdasarkan                                             Distribution of financial assets by their credit
               kualitas kredit disajikan di bawah ini:                                         quality was summarized as below:
                                                                   31 Desember/December 2023
                                                   Tahap 1/             Tahap 2/    Tahap 3/           Jumlah/
                                                   Stage 1              Stage 2      Stage 3            Total
               Kas di bank                            303.382)                  -)               -)    303.382)                         Cash in banks
               Piutang pembiayaan                                                                                               Financing receivables
                 Lancar (0-10 hari tunggakan)       5.864.816)               412)             849)    5.866.077)                              Current
                 Dalam perhatian (>10-90 hari                                                                          Special mention (>10-90 days
                    tunggakan)                        469.852)            207.839)           6.650)    684.341)                        past due) ) ) )
                 Kurang lancar (>90-120 hari                                                                            Sub-standard (>90-120 days
                    tunggakan)                                -)                -)         54.226)      54.226)                        past due) ) ) )
                 Diragukan (>120-180 hari                                                                                         Doubtful (>120-180
                    tunggakan)                                -)                -)         97.973)      97.973)                   days past due) ) ) )
                 Macet (>180 hari tunggakan)                  -)                -)        146.362)     146.362)           Loss (>180 days past due)
                 Dikurangi: penyisihan kerugian                                                                      Less: allowance for impairment
                   penurunan nilai                    (68.084)            (27.034)        (152.693)    (247.811)                           losess) ) )
                                                    6.266.584)            181.217)         153.367)   6.601.168)

               Piutang sewa pembiayaan                                                                                      Finance lease receivables
                 Lancar                               711.077)                  -)            943)     712.020)                              Current
                 Dalam perhatian (>10-90 hari                                                                      Special mention (>10-90 days past
                    tunggakan)                          4.047)              9.207)            744)      13.998)                             due) )) ))
                 Kurang lancar (>90-120 hari                                                                            Sub-standard (>90-120 days
                    tunggakan)                                -)                -)           3.008)       3.008)                       past due) ) ))
                 Diragukan (>120-180 hari                                                                                   Doubtful (>120-180 days
                    tunggakan)                                -)                -)          4.616)       4.616)                        past due) ) ) )
                 Macet (>180 hari tunggakan)                  -)                -)         40.288)      40.288)           Loss (>180 days past due)
                 Dikurangi: penyisihan kerugian                                                                      Less: allowance for impairment
                   penurunan nilai                     (2.230)               (675)         (11.809)    (14.714)                           losses
                                                      712.894)              8.532)          37.790)    759.216)

               Aset derivatif untuk tujuan                                                                             Derivative assets held for risk
                 manajemen risiko                                                                                                    management
               Berdasarkan hari jatuh tempo:                                                                                 Based on days past due:
                 Lancar                                67.388)                  -)               -)     67.388)                             Current
               Piutang lain-lain                                                                                                   Other receivables
               Berdasarkan hari jatuh tempo:                                                                                  Based on days past due:
                 Lancar                                67.211)                  -)               -)     67.211)                            Current
                 Lewat jatuh tempo 1-30 hari                -)                  -)               -)          -)                 1-30 days past due
                 Lewat jatuh tempo 31-90 hari               -)                  -)               -)          -)                31-90 days past due
                 Lewat jatuh tempo lebih dari 90
                    hari                                      -)                -)        502.395)     502.395)         More than 90 days past due
                 Dikurangi: penyisihan kerugian                                                                      Less: allowance for impairment
                  penurunan nilai                           -)                  -)        (333.853)    (333.853)                             losses)
                                                       67.211)                  -)         168.542)     235.753)
                                                    7.411.459)            189.749)        359.699)    7.966.907)

                                                                   31 Desember/December 2022
                                                   Tahap 1/             Tahap 2/    Tahap 3/           Jumlah/
                                                   Stage 1              Stage 2      Stage 3            Total
               Kas di bank                            432.403)                  -)               -)    432.403)                         Cash in banks
               Piutang pembiayaan                                                                                               Financing receivables
                 Lancar (0-10 hari tunggakan)       5.809.278)                  -)           2.761)   5.812.039)                              Current
                 Dalam perhatian (>10-90 hari                                                                          Special mention (>10-90 days
                    tunggakan)                        404.285)            153.998)           4.776)    563.059)                         past due)) )))
                 Kurang lancar (>90-120 hari                                                                            Sub-standard (>90-120 days
                    tunggakan)                                -)                -)         39.207)      39.207)                         past due)) )))
                 Diragukan (>120-180 hari                                                                                         Doubtful (>120-180
                    tunggakan)                                -)                -)         63.870)      63.870)                    days past due))))))
                 Macet (>180 hari tunggakan)                  -)                -)         88.429)      88.429)           Loss (>180 days past due)
                 Dikurangi: penyisihan kerugian                                                                       Less: allowance for impairment
                   penurunan nilai                    (56.786)            (20.410)        (102.191)    (179.387)                           losess)))))
                                                    6.156.777)            133.588)          96.852)   6.387.217)

               Piutang sewa pembiayaan                                                                                      Finance lease receivables
                 Lancar                               744.479)              2.614)        187.201)     934.294)                               Current
                 Dalam perhatian (>10-90 hari                                                                      Special mention (>10-90 days past
                    tunggakan)                         27.577)             62.118)         11.834)     101.529)                              due))))))
                 Kurang lancar (>90-120 hari                                                                            Sub-standard (>90-120 days
                    tunggakan)                                -)                -)           5.428)       5.428)                       past due))))))
                 Diragukan (>120-180 hari                                                                                   Doubtful (>120-180 days
                    tunggakan)                                -)                -)           2.083)       2.083)                       past due))))))
                 Macet (>180 hari tunggakan)                  -)                -)           3.664)       3.664)          Loss (>180 days past due)
                 Dikurangi: penyisihan kerugian                                                                      Less: allowance for impairment
                   penurunan nilai                      (4.171)            (5.910)        (152.670)    (162.751)                          losses
                                                       767.885             58.822)          57.540)     884.247)
               Aset derivatif untuk tujuan                                                                             Derivative assets held for risk
                 manajemen risiko                                                                                                     management
               Berdasarkan hari jatuh tempo:          184.703)                  -)               -)    184.703)              Based on days past due:
                  Lancar                                                                                                                    Current
               Piutang lain-lain                                                                                                    Other receivables
               Berdasarkan hari jatuh tempo:                                                                                 Based on days past due:
                 Lancar                                57.237)                  -)               -)     57.237)                             Current
                 Lewat jatuh tempo 1-30 hari                -)                  -)               -)          -)                  1-30 days past due
                 Lewat jatuh tempo 31-90 hari               -)                  -)               -)          -)                 31-90 days past due
                 Lewat jatuh tempo lebih dari 90
                    hari                                      -)                -)        311.439)     311.439)         More than 90 days past due
                 Dikurangi: penyisihan kerugian                                                                      Less: allowance for impairment
                  penurunan nilai                           -)                  -)        (182.620)    (182.620)                        losses
                                                       57.237)                  -)         128.819)     186.056)
                                                    7.599.005)            192.410)        283.211)    8.074.626)



                                                                     30
Page 228
                              PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

               CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
          (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


4.   MANAJEMEN RISIKO KEUANGAN DAN                                         4.    FINANCIAL RISK MANAGEMENT AND
     MANAJEMEN MODAL (Lanjutan)                                                  CAPITAL MANAGEMENT (Continued)
     a.    Risiko kredit (Lanjutan)                                             a. Credit risk (Continued)

           ii. Analisa risiko kredit (Lanjutan)                                        ii.     Credit risk analysis (Continued)

                Eksposur yang lewat jatuh tempo merupakan                                       Past due exposures represent exposures
                eksposur dimana pembayaran bunga atau                                           which contractual interest or principal
                pokok berdasarkan kontraktual telah lewat                                       payment are past due, but the Company
                jatuh tempo, namun Perusahaan berkeyakinan                                      believes that there was no impairment yet on
                belum terjadi penurunan nilai karena masih                                      the basis of the stage collection on
                ada penagihan bertahap atas piutang yang                                        outstanding receivables.
                terhutang.

           iii. Analisis konsentrasi risiko kredit                                     iii.     Concentration of credit risk analysis

                Konsentrasi risiko kredit timbul ketika sejumlah                                Concentration of credit risk arises when a
                pelanggan bergerak dalam aktivitas usaha                                        number of customers are engaged in similar
                yang sama atau aktivitas dalam wilayah                                          business activities or activities within the
                geografis yang sama, atau ketika mereka                                         same geographic region, or when they have
                memiliki karakteristik yang sejenis yang                                        similarly characteristic that would cause their
                menyebabkan kemampuan untuk memenuhi                                            ability to meet contractual obligations to be
                kewajiban      kontraktualnya        sama-sama                                  similarly affected by changes in economic or
                dipengaruhi oleh perubahan kondisi ekonomi                                      other conditions.
                atau yang lainnya.

                Tabel di bawah ini menunjukkan konsentrasi                                      The following table presents the credit risk
                risiko kredit atas piutang pembiayaan dan                                       concentration of the Company’s financing
                piutang sewa pembiayaan yang dimiliki                                           receivables and finance lease receivables
                Perusahaan berdasarkan wilayah geografis:                                       based on geographic region:

                                                              31 Desember/December 2023
                                                                     Piutang sewa
                                         Piutang pembiayaan          pembiayaan -
                                          - bersih/ Financing    bersih/Finance lease                      %Jumlah
                                           receivables - net       receivables - net  Jumlah/Total          /Total

                Jawa dan Bali                      2.899.976                 96.948           2.996.924      40,72                   Java and Bali
                Sumatera                           1.533.492                175.474           1.708.966      23,22                       Sumatera
                Jakarta dan sekitarnya               722.722                209.221             931.943      12,66    Jakarta and its surroundings
                Kalimantan                           950.732                207.104           1.157.836      15,73                     Kalimantan
                Sulawesi                             494.246                 70.469             564.715       7,67                      Sulawesi
                                                   6.601.168                759.216           7.360.384     100,00

                                                              31 Desember/December 2022
                                                                     Piutang sewa
                                         Piutang pembiayaan -        pembiayaan -
                                           bersih/ Financing     bersih/Finance lease                      %Jumlah
                                            receivables - net      receivables - net  Jumlah/Total          /Total

                Jawa dan Bali                      2.621.956)               118.326)          2.740.282)      37,69                  Java and Bali
                Sumatera                           1.532.286)               191.219)          1.723.505)      23,70                      Sumatera
                Jakarta dan sekitarnya               801.398)               279.123)          1.080.521)      14,86   Jakarta and its surroundings
                Kalimantan                           923.046)               205.060)          1.128.106)      15,51                    Kalimantan
                Sulawesi                             508.531)                90.519)            599.050)       8,24                       Sulawesi
                                                   6.387.217)               884.247)          7.271.464)     100,00


     b.    Risiko pasar                                                         b.     Market risk
           i.    Risiko mata uang asing                                                i.      Foreign currency risk

                Perusahaan memiliki aset dan liabilitas dalam                                  The Company has assets and liabilities
                mata uang Dolar Amerika Serikat dan Yen                                        denominated in US Dollar and Japanese Yen,
                Jepang, yang menimbulkan suatu potensi                                         creating a potential risk with regards to
                risiko terkait fluktuasi nilai tukar mata uang                                 fluctuation of foreign currency exchange rates.
                asing. Perusahaan mengelola risiko ini                                         The Company manages this risk through its
                melalui kebijakannya untuk menyamakan                                          policy of matching the underlying currencies of
                mata uang yang mendasari aset keuangan                                         its financing assets and liabilities against each
                terhadap liabilitas keuangan satu sama lain.                                   other. For example, US Dollar financing
                Misalnya piutang pembiayaan dalam mata                                         receivables are funded by US Dollar
                uang Dolar Amerika Serikat didanai dengan                                      denominated loans.
                pinjaman dalam mata uang Dolar Amerika
                Serikat.



                                                                   31
Page 229
                                                                       PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

                                                       CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
                                                  (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah,unless otherwise specified)


4.   MANAJEMEN RISIKO KEUANGAN DAN MANAJEMEN MODAL (Lanjutan)                                                4.    FINANCIAL RISK MANAGEMENT AND CAPITAL MANAGEMENT (Continued)
     b.   Risiko pasar (Lanjutan)                                                                                  b. Market risk (Continued)
          i. Risiko mata uang asing (Lanjutan)                                                                          i.    Foreign currency risk (Continued)
            Perusahaan melakukan kontrak-kontrak foreign currency option dan kontrak-                                         The Company entered into foreign currency option contracts and cross-currency
            kontrak cross-currency interest rate swap dengan lindung nilai efektif (Catatan                                   interest rate swap contracts with an effective hedge (Note 11) to mitigate the risk of
            11) untuk mengatasi risiko fluktuasi mata uang asing atas pinjaman yang                                           foreign currency fluctuation in respect of US Dollar and Japanese Yen denominated
            diterima dalam mata uang Dolar Amerika Serikat dan Yen Jepang.                                                    borrowings.
            Pada tanggal, 31 Desember 2023 dan 2022, Perusahaan mempunyai aset dan                                            As of 31 December 2023 and 2022, the Company had non-derivative financial assets
            liabilitas keuangan non-derivatif dalam mata uang Dolar Amerika Serikat                                           and liabilities denominated in US Dollar and Japanese Yen currency which were
            (USD) dan Yen Jepang (JPY) yang dilindungi nilai oleh kontrak cross currency                                      hedged with cross currency interest swap contracts and foreign currency option
            interest rate swap dan kontrak foreign currency option sebagai berikut:                                           contracts as follows:
                                                                                 31 Desember/December 2023                            31 Desember/December 2022
                                                                           JPY               USD       Jumlah/Total 1)             JPY            USD       Jumlah/Total 1)
            Kas dan bank                                                       33.222)           23.367)             364)               4.834)        372.180)       5.804)                 Cash on hand and in banks
            Piutang sewa pembiayaan 2)                                              -)        2.134.860)          32.960)                   -)      2.879.235)      44.893)                 Finance lease receivables 2)
             Aset keuangan                                                     33.222)        2.158.227)          33.324)               4.834)      3.251.415)      50.697)                          Financial assets

            Pinjaman yang diterima                                   (16.239.372.921)      (121.525.370)     (3.649.669)     (13.797.150.546)    (130.902.896)   (3.668.494)                               Borrowings
             Liabilitas keuangan                                     (16.239.372.921)      (121.525.370)     (3.649.669)     (13.797.150.546)    (130.902.896)   (3.668.494)                      Financial liabilities
            Kontrak cross - currency interest rate swap -                                                                                                                            Cross - currency interest rate swap
              jumlah nosional (Catatan 11)                           16.324.000.000)       121.818.658)      3.663.439)      11.889.833.333)     120.933.150)    3.288.066)    contracts - notional amounts (Note 11)
            Kontrak foreign currency option - jumlah                                                                                                                                             Foreign currency option
              nosional (Catatan 11)                                               -)                 -)              -)       1.953.876.000)       8.787.500)      367.486)    contracts - notional amounts (Note 11)
                                                                     16.324.000.000)       121.818.658)      3.663.439)      13.843.709.333)     129.720.650)    3.655.552)

            Eksposur bersih                                               84.660.301)         2.451.515)          47.094)          46.563.621)      2.069.169)      37.755)                               Net exposure
            1):
                setara dengan jutaan Rupiah/equivalent to millions of Rupiah
            2):
              sebelum dikurangi penyisihan kerugian penurunan nilai/before allowance for impairment losses
            Jika nilai tukar mata uang asing pasar akan mencapai rentang nilai tukar yang                                      If the foreign exchange rate at the market is about to reach range to fully hedge
            dilindungi penuh, maka top-up hedging akan dilakukan untuk memastikan                                              exchange rate, top-up hedging will be entered to ensure that the Company is not
            Perusahaan tidak terpapar pada risiko nilai tukar.                                                                 exposed to foreign exchange risk.
            Analisis sensitivitas                                                                                              Sensitivity analysis
            Penguatan/pelemahan Rupiah, seperti yang diindikasikan berikut ini, terhadap                                       A strengthening/weakening of the Rupiah, as indicated below, against the US Dollar
            US Dollar dan Yen Jepang pada tanggal 31 Desember 2023 dan 2022 akan                                               and Japanese Yen as of 31 December 2023 and 2022 would have increased
            menambah (mengurangi) laba bersih dan ekuitas sebesar jumlah yang tertera                                          (decreased) net income and equity by the amounts shown below. This analysis is
            di tabel berikut. Analisis ini berdasarkan pertimbangan Perusahaan atas                                            based on US Dollar and Japanese Yen rate variances that the Company considered
            perubahan nilai tukar US Dollar dan Yen Jepang yang wajar terjadi pada saat                                        to be reasonably possible at the reporting date. The analysis below assumes that
            tanggal pelaporan. Analisis berikut berasumsi bahwa semua variabel lain                                            all other variables remain constant:
            dianggap tetap:
                                                                                          31 Desember/        31 Desember/
                                                                                         December 2023       December 2022
            10 persen penguatan USD                                                                2.952)                 2.516)                                                          10 percent strengthening of USD
            10 persen pelemahan USD                                                               (2.952)                (2.516)                                                             10 percent weakening of USD
            10 persen penguatan JPY                                                                  721)                   428)                                                          10 percent strengthening of JPY
            10 persen pelemahan JPY                                                                 (721)                  (428)                                                             10 percent weakening of JPY

                                                                                                    32
Page 230
                            PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

            CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
      (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


4.   MANAJEMEN RISIKO KEUANGAN DAN                                                 4.     FINANCIAL RISK MANAGEMENT AND
     MANAJEMEN MODAL (Lanjutan)                                                           CAPITAL MANAGEMENT (Continued)

     b. Risiko pasar (Lanjutan)                                                           b.     Market risk (Continued)

        ii. Risiko tingkat bunga                                                                 ii.    Interest rate risk

            Karena aset dan liabilitas memiliki profil suku                                             As assets and liabilities may have different
            bunga yang berbeda (tingkat bunga tetap                                                     interest rate profiles (fixed versus floating)
            versus tingkat bunga mengambang) dengan                                                     with various time spans, the Company faces
            berbagai periode jatuh tempo, Perusahaan                                                    the potential risk from the fluctuation of
            menghadapi potensi risiko fluktuasi suku                                                    interest rates. To mitigate this risk, the
            bunga. Untuk mengatasi risiko ini, Perusahaan                                               Company employs a policy of approximately
            menggunakan kebijakan untuk menyesuaikan                                                    matching the interest rate profile and time
            profil suku bunga dan jangka waktu aset                                                     span of assets and liabilities. A majority of
            dengan liabilitas. Sebagian besar piutang                                                   the Company’s financing receivables
            pembiayaan      Perusahaan      terdiri     dari                                            consist of 3-5 years fixed and floating rate
            pembiayaan kendaraan periode 3-5 tahun                                                      vehicles financing, which are funded by 3-
            dengan tingkat bunga tetap dan mengambang,                                                  5 years fixed and floating rate borrowings.
            yang didanai dengan pinjaman yang diterima
            periode 3-5 tahun dengan tingkat bunga tetap
            dan mengambang.

           Perusahaan melakukan kontrak cross currency                                                  The Company entered into cross currency
           interest rate swap dan kontrak interest rate                                                 interest rate swap contracts and interest rate
           swap (Catatan 11) untuk mengatasi risiko                                                     swap contracts (Note 11) to mitigate the risk
           fluktuasi tingkat suku bunga atas pinjaman yang                                              of interest rate fluctuation on borrowings.
           diterima.

           Tabel berikut menggambarkan rincian aset dan                                                 The following table describes the
           liabilitas  keuangan     Perusahaan    yang                                                  Company’s details of financial assets and
           dikelompokkan menurut mana yang lebih awal                                                   liabilities, classified by the earlier of repricing
           antara tanggal repricing atau tanggal jatuh                                                  date and contractual due date, to see the
           tempo kontraktual untuk melihat dampak                                                       impact of interest rate changes:
           perubahan tingkat suku bunga:
                                                                    31 Desember/ December 2023
                                             Suku bunga
                                     mengambang/Floating interest
                                                 rate                              Suku bunga tetap/Fixed interest rate
                                     Kurang dari                    Kurang dari
                                       3 bulan/                      3 bulan/
                                      Less than          3 - 12     Less than 3             3 - 12        > 1 tahun/
                                      3 months       bulan/months     months            bulan/months         year           Jumlah/Total

           Aset keuangan                                                                                                                                 Financial assets
            Kas di bank                  303.382)               -                 -)               -)                  -)       303.382)                 Cash in banks
            Piutang pembiayaan -                                                                                                                 Financing receivables
               bersih                           -)              -        692.735)         1.839.344)       4.069.089)         6.601.168)                        - net) ) )
            Piutang sewa                                                                                                                                 Finance lease
               pembiayaan - bersih         2.326)          20.046        111.824)           285.745)         339.275)           759.216)           receivables - net)
             Jumlah aset keuangan                                                                                                                       Total financial
                                         305.708)          20.046        804.559)         2.125.089)       4.408.364)         7.663.766)                     assets

           Liabilitas keuangan                                                                                                                        Financial liabilities
             Pinjaman yang
                diterima               (3.649.815)              -       (262.015)          (553.203)        (507.948)         (4.972.981)                  Borrowings
             Utang obligasi                     -)              -              -)          (196.132)        (726.389)           (922.521)               Bonds payable
             Surat utang jangka
                menengah                        -)              -                 -)               -)       (302.098)          (302.098)            Medium term notes
             Pinjaman subordinasi               -)              -                 -)               -)        (13.096)           (13.096)             Subordinated loan

            Jumlah liabilitas                                                                                                                           Total financial
               keuangan                (3.649.815)              -       (262.015)          (749.335)      (1.549.531)         (6.210.696)                 liabilities

            Dampak derivatif untuk                                                                                                                         Effect from
               tujuan manajemen                                                                                                             derivatives held for risk
               risiko                  3.625.987)               -       (240.718)         (1.112.260)     (2.273.009)                  -)              management

                                          281.880          20.046        301.826)           263.494)         585.824)         1.453.070)




                                                                       33
Page 231
                            PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

            CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
      (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


4.   MANAJEMEN RISIKO KEUANGAN DAN                                                    4.     FINANCIAL RISK MANAGEMENT AND
     MANAJEMEN MODAL (Lanjutan)                                                              CAPITAL MANAGEMENT (Continued)

     b. Risiko pasar (Lanjutan)                                                              b.     Market risk (Continued)

        ii. Risiko tingkat bunga (Lanjutan)                                                         ii. Interest rate risk (Continued)

                                                                       31 Desember/ December 2022
                                               Suku bunga
                                       mengambang/Floating interest
                                                   rate                               Suku bunga tetap/Fixed interest rate
                                       Kurang dari                     Kurang dari
                                         3 bulan/                       3 bulan/
                                        Less than          3 - 12      Less than 3             3 - 12        > 1 tahun/
                                        3 months       bulan/months      months            bulan/months         year           Jumlah/Total

            Aset keuangan                                                                                                                              Financial assets
             Kas di bank                    432.403)              -)                 -)               -)                  -)       432.403)            Cash in banks
             Piutang pembiayaan -                                                                                                               Financing receivables
                bersih                            -)              -)        729.146)         1.888.444)       3.769.627)         6.387.217)                   - net) ) )
             Piutang sewa                                                                                                                              Finance lease
                pembiayaan - bersih          10.500)        29.415)         114.203)           302.869)         427.260)           884.247)      receivables - net)
             Jumlah aset keuangan                                                                                                                     Total financial
                                            442.903)        29.415)         843.349)         2.191.313)       4.196.887)         7.703.867)                 assets

            Liabilitas keuangan                                                                                                                     Financial liabilities
             Pinjaman yang
                diterima                 (3.668.494)              -)        (231.759)         (595.270)        (837.968)         (5.333.491)              Borrowings
             Utang obligasi                       -)              -)               -)         (130.080)        (519.244)           (649.324)           Bonds payable
             Surat utang jangka
                 menengah                         -)              -)                 -)               -)       (301.942)          (301.942)       Medium term notes
             Pinjaman subordinasi                 -)              -)                 -)               -)        (13.096)           (13.096)        Subordinated loan

             Jumlah liabilitas                                                                                                                        Total financial
               keuangan                  (3.668.494)              -)        (231.759)         (725.350)      (1.672.250)         (6.297.853)           Liabilities

             Dampak derivatif untuk                                                                                                                       Effect from
               tujuan manajemen                                                                                                                derivatives held for
               risiko                     3.261.224)              -)        (303.227)        (1.071.016)     (1.886.981)                  -)     risk management

                                             35.633)        29.415)         308.363)           394.947)         637.656)         1.406.014)



            Reformasi acuan suku bunga                                                                     Interest rate benchmark reform

            Reformasi mendasar dari acuan suku bunga                                                       A fundamental reform of major interest rate
            utama sedang dilakukan secara global,                                                          benchmarks is being undertaken globally,
            termasuk penggantian beberapa suku bunga                                                       including the replacement of some interbank
            yang ditawarkan antar bank (“IBOR”) dengan                                                     offered rates (“IBORs”) with alternative nearly
            suku bunga alternatif yang hampir bebas risiko                                                 riskfree rates (“IBOR Reform”).
            (“Reformasi IBOR”).

            Perusahaan memiliki eksposur terhadap IBOR                                                     The Company has exposures to IBORs on its
            atas instrumen keuangan yang akan                                                              financial instruments that will be reformed as
            direformasi sebagai bagian dari inisiatif pasar                                                part of this market-wide initiative.
            global.

            Suku bunga alternatif yang digunakan                                                           Alternative interest rates that are used by the
            Perusahaan dalam transisi dari LIBOR adalah                                                    Company in the transition from LIBOR are as
            sebagai berikut:                                                                               follows:
                    Mata Uang/        Acuan suku bunga sebelum reformasi/ Interest                      Suku bunga referensi alternatif/
                     Currency                rate benchmark before reform                              Alternative Reference Rate (ARR)
                       USD              USD LIBOR 3-bulan/3-month USD LIBOR                    Compounded Secured Overnight Financing Rate (SOFR)



            Setelah 30 Juni 2023, semua kontrak USD                                                        Beyond 30 June 2023, all USD LIBOR
            LIBOR telah dialihkan ke suku bunga acuan                                                      contracts have been changed to interest rate
            setelah reformasi.                                                                             benchmark after reform.




                                                                          34
Page 232
                        PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

            CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
      (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


4.   MANAJEMEN RISIKO KEUANGAN DAN                                 4.   FINANCIAL RISK MANAGEMENT AND
     MANAJEMEN MODAL (Lanjutan)                                         CAPITAL MANAGEMENT (Continued)

     b. Risiko pasar (Lanjutan)                                         b.    Market risk (Continued)
        iii. Risiko tingkat bunga (Lanjutan)                                  iii. Interest rate risk (Continued)
            Analisis sensitivitas                                                  Sensitivity analysis
            Manajemen risiko tingkat suku bunga terhadap                           The management of interest rate risk against
            limit perubahan tingkat suku bunga dilengkapi                          interest rate gap limits is supplemented by
            dengan pemantauan atas sensitivitas aset dan                           monitoring the sensitivity of the Company’s
            liabilitas keuangan Perusahaan terhadap                                financial assets and liabilities to various
            beberapa skenario suku bunga baku maupun                               standard and non-standard interest rate
            non-baku. Skenario baku yang dilakukan setiap                          scenarios. Standard scenarios that are
            bulan mencakup analisis kenaikan atau                                  considered on a monthly basis include a 100
            penurunan kurva imbal hasil sebesar 100 basis                          basis point (bp) parallel fall or rise in all yield
            point.                                                                 curves.
            Tabel berikut menunjukan sensitivitas atas                             The following table demonstrates the
            kemungkinan perubahan tingkat suku bunga                               sensitivity to a reasonably possible change in
            pasar, dengan variabel lain dianggap tetap,                            market interest rates, with all other variables
            terhadap laba setelah pajak dan ekuitas:                               held constant, of income after tax and equity:
                                                 31 Desember/       31 Desember/
                                                December 2023      December 2022
            Kenaikan suku bunga dalam 100                                                              Increase in interest rate by 100
             basis point                                 2.355)                 507)                                      basis point
            Penurunan suku bunga dalam 100                                                            Decrease in interest rate by 100
             basis point                                (2.355)                 (507)                                     basis point

     c. Risiko likuiditas                                               c. Liquidity risk
        Perusahaan memiliki aset dan liabilitas dengan                       The Company has assets and liabilities with
        profil jatuh tempo berbeda, menimbulkan potensi                      various maturity profiles, creating a potential risk
        risiko liabilitas jatuh tempo lebih awal daripada aset.              from liabilities with maturities shorter than assets.
        Perusahaan mengelola risiko ini dengan                               The Company manages this risk by matching the
        mencocokkan jatuh tempo aset dengan liabilitas,                      maturities of its assets against liabilities, so the
        sehingga kas yang dihasilkan dari aset yang jatuh                    cash generated by maturing assets is sufficient to
        tempo cukup untuk membayar liabilitas yang jatuh                     pay maturing liabilities in the same period. In
        tempo pada periode yang sama. Selain itu, risiko                     addition, liquidity risk is continuously managed by
        likuiditas dikelola secara terus-menerus melalui                     monitoring actual cash flows, forecasting future
        pengawasan arus kas aktual, perkiraan arus kas                       cash flows, controlling maturity profiles of assets
        masa depan, pengendalian profil jatuh tempo aset                     and liabilities, and maintaining sufficient cash
        dan liabilitas, serta penjagaan kecukupan saldo kas                  balances and banking facilities. The Company has
        dan fasilitas perbankan. Perusahaan telah                            established an Asset and Liability Committee which
        membentuk Komite Aset dan Liabilitas yang                            regularly meets on a monthly basis to monitor and
        bertemu secara bulanan untuk mengawasi dan                           manage liquidity risk. This committee includes all of
        mengelola risiko likuiditas. Komite ini mencakup                     the Company’s Directors.
        semua Direktur Perusahaan.




                                                              35
Page 233
                               PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

            CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
      (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


4.   MANAJEMEN RISIKO KEUANGAN DAN                                                    4.       FINANCIAL RISK MANAGEMENT AND
     MANAJEMEN MODAL (Lanjutan)                                                                CAPITAL MANAGEMENT (Continued)
     c. Risiko likuiditas (Lanjutan)                                                          c. Liquidity risk (Continued)

        Sisa umur kontraktual liabilitas keuangan sampai                                             Residual contractual maturities of financial
        dengan jatuh tempo pada tanggal 31 Desember                                                  liabilities as of 31 December 2023 and 2022 were
        2023 dan 2022 adalah sebagai berikut:                                                        as follows:
                                                                           31 Desember/ December 2023
                                                      Nilai nominal
                                                     bruto arus kas      Sampai
                                   Nilai tercatat/   keluar/ Gross       dengan        >1 – 3           >3 - 12        >1 - 3
                                     Carrying            nominal      1 bulan/up to    bulan/           bulan/         tahun/      >3 tahun/
                                      amount             outflow        1 month        months           months          years       years
                                                                                                                                                         Non-derivative
        Liabilitas non-derivatif                                                                                                                            liabilities
        Utang usaha                      (58.962)          (58.962)       (58.962)              -)              -)            -)           -)          Accounts payable
        Liabilitas lain-lain             (58.345)          (61.969)       (36.892)              -)         (4.266)       (8.932)     (11.879)             Other liabilities
        Beban yang masih harus
           dibayar                       (39.108)          (39.108)       (33.536)       (5.572)                -)            -)           -)         Accrued expenses
        Pinjaman yang diterima        (4.972.981)       (5.553.988)      (211.263)     (539.863)       (1.755.335)   (2.826.832)    (220.695)               Borrowings
        Utang obligasi                  (922.521)       (1.036.310)             -)      (16.370)         (234.015)     (785.925)           -)            Bonds payable
        Surat utang jangka
           menengah                     (302.098)         (337.395)         (2.535)        (2.445)        (14.940)    (317.475)                -)    Medium term notes
        Pinjaman subordinasi             (13.096)          (15.190)             -)            -)             (879)      (14.311)           -)         Subordinated loan
                                      (6.367.111)       (7.102.922)      (343.188)     (564.250)       (2.009.435)   (3.953.475)    (232.574)

        Liabilitas derivatif             (78.076)                                                                                                   Derivative liabilities
        Arus kas masuk                         -)        1.869.055)        42.465)      155.077)         460.344)     1.095.568)     115.601)                Cash inflow
        Arus kas keluar                        -)       (1.919.765)       (44.873)     (165.734)        (476.137)    (1.115.746)    (117.275)               Cash outflow
                                         (78.076)          (50.710)        (2.408)      (10.657)         (15.793)       (20.178)      (1.674)

                                                                           31 Desember/ December 2022
                                                      Nilai nominal
                                                     bruto arus kas      Sampai
                                   Nilai tercatat/   keluar/ Gross       dengan        >1 – 3           >3 - 12        >1 - 3
                                     Carrying            nominal      1 bulan/up to    bulan/           bulan/         tahun/      >3 tahun/
                                      amount             outflow        1 month        months           months          years       years
                                                                                                                                                         Non-derivative
        Liabilitas non-derivatif                                                                                                                            liabilities
        Utang usaha                      (56.813)          (56.813)       (56.813)              -)              -)            -)               -)      Accounts payable
        Liabilitas lain-lain             (47.483)          (47.539)       (37.375)         (2.033)         (6.098)       (2.033)               -)         Other liabilities
        Beban yang masih harus
           dibayar                       (60.135)          (60.135)       (39.231)      (20.904)                -)            -)                      Accrued expenses
        Pinjaman yang diterima        (5.333.491)       (5.898.239)      (275.722)     (582.971)       (1.953.738)   (2.628.764)    (457.044)               Borrowings
        Utang obligasi                  (649.324)         (758.521)             -)      (11.589)         (162.866)     (584.066)           -)            Bonds payable
        Surat utang jangka
           menengah                     (301.942)         (357.315)         (2.535)        (2.445)        (14.940)    (337.395)                -)    Medium term notes
        Pinjaman subordinasi             (13.096)          (16.026)             -)            -)             (865)       (1.729)     (13.432)         Subordinated loan
                                      (6.462.284)       (7.194.588)      (411.676)     (619.942)       (2.138.507)   (3.553.987)    (470.476)

        Liabilitas derivatif             (60.169)                                                                                                   Derivative liabilities
        Arus kas masuk                         -)          746.452)        35.472)       66.398)         256.953)      290.179)       97.450)                Cash inflow
        Arus kas keluar                        -)         (798.151)       (39.140)      (75.392)        (283.146)     (302.884)      (97.589)               Cash outflow
                                         (60.169)          (51.699)        (3.668)       (8.994)         (26.193)      (12.705)         (139)

        Tabel di atas menyajikan arus kas yang tidak                                           The above table shows the undiscounted cash flows
        didiskontokan dari liabilitas keuangan Perusahaan                                      of the Company’s financial liabilities on the basis of
        berdasarkan periode jatuh tempo kontraktual yang                                       their earliest possible contractual maturity. The
        paling dekat. Arus kas atas instrumen keuangan                                         Company’s expected cash flows on these instruments
        yang diharapkan Perusahaan bervariasi secara                                           vary significantly from this analysis.
        signifikan dari analisa ini.
        Nilai nominal arus kas keluar yang diungkapkan                                          The nominal outflow disclosed in the above table
        pada tabel di atas menyajikan arus kas kontraktual                                      represents the contractual undiscounted cash flows
        yang tidak didiskontokan terkait dengan nilai pokok                                     relating to the principal and interest on the financial
        dan bunga dari liabilitas keuangan.                                                     liability.
     d. Risiko operasional                                                                 d. Operational risk

        Risiko operasional biasanya disebabkan oleh                                            Operational risk is usually caused by lack or failure of
        beberapa hal seperti kekurangan dan kegagalan                                          internal process, human errors, system failure or
        proses internal, kesalahan manusia, kegagalan                                          others that may impact the Company’s operation. The
        sistem maupun hal-hal yang lain yang dapat                                             Company implements the followings to prevent
        berdampak pada operasional Perusahaan. Untuk                                           operational risk:
        mencegah      timbulnya    risiko  operasional,
        Perusahaan melakukan beberapa hal:
               Pengertian yang jelas oleh semua lini yang                                           A clear understanding by all lines related to risks
                terkait terhadap risiko yang melekat pada                                             attached in each stage of the process of
                setiap tahapan proses kegiatan operasional                                            operational activities associated primarily with
                yang     berhubungan     terutama  dengan                                             approval and disbursement of financing,
                persetujuan dan pencairan pembiayaan,                                                 customer service, recording and reporting.
                pelayanan konsumen, pencatatan pembukuan
                dan pelaporan.




                                                                               36
Page 234
                         PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

            CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
      (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


4.   MANAJEMEN RISIKO KEUANGAN DAN                                4.   FINANCIAL RISK MANAGEMENT AND
     MANAJEMEN MODAL (Lanjutan)                                        CAPITAL MANAGEMENT (Continued)

     d. Risiko operasional (Lanjutan)                                  d.   Operational risk (Continued)
           Pembagian tugas yang jelas dan terpisah                            A clear segregation of duties between
            antara pelaksanaan dan kontrol, sebagai                             implementation and controls, as executors,
            pelaksana,    aktivitas    yang    dikerjakan                       activities based on Standard Operating
            berdasarkan Standard Operating Procedures                           Procedures (“SOP”) of the Company.
            (“SOP”) baku Perusahaan. Sedangkan fungsi                           Whereas the control function ensures that the
            kontrol memastikan aktivitas sudah memenuhi                         activities comply with the requirements that
            persyaratan yang sudah digariskan oleh SOP.                         have been outlined by the SOP.
           Perusahaan menggunakan Sistem Confins agar                         The Company uses Confins system to
            kelangsungan dan kelancaran pengoperasian                           guarantee the continuity of operating system.
            sistem dapat terjamin. Perusahaan sudah                             The Company implemented on-line and real
            menerapkan sistem on-line dan real time                             time system so the management can directly
            sehingga pihak manajemen dapat memonitor                            monitor all activities, and take the right
            seluruh aktivitas operasional secara langsung,                      decision in a timely manner to mitigate any
            dan dengan cepat dapat mengambil keputusan                          possible risks that may occur due to
            yang tepat untuk memitigasi kemungkinan risiko                      negligence, system malfunction, or deviation
            yang terjadi akibat kelalaian, tidak berfungsinya                   from SOP implementation and/or the
            sistem,     maupun        penyimpangan        dari                  Company’s policies.
            pelaksanaan      SOP       dan/atau     kebijakan
            Perusahaan.
           Perusahaan juga sudah memiliki unit kerja yang                     The Company also has a working unit to
            melakukan tinjauan dan evaluasi periodik                            perform periodic review and evaluation of
            terhadap kebijakan-kebijakan dan SOP secara                         policies and SOPs on a regular basis.
            berkala.
           Perusahaan     senantiasa    mengembangkan                         The Company continuously develops the
            kemampuan dan pengetahuan karyawannya                               skills and knowledge of its employees
            dengan berbagai pelatihan agar dapat menekan                        through a variety of trainings to suppress the
            seminimal mungkin frekuensi kesalahan                               frequency of human and operational system
            manusia dan sistem operasional dan dampak                           errors and the impact of financial losses
            kerugian finansial yang diakibatkan oleh hal                        caused by it to a minimum level.
            tersebut.
     e. Manajemen modal                                                e.   Capital management
        Perusahaan mengelola risiko modal untuk                             The Company manages capital risk to ensure that
        memastikan bahwa Perusahaan akan mampu                              the Company will be able to continue as a going
        untuk melanjutkan kelangsungan usaha, selain                        concern, in addition to maximize the profits of the
        memaksimalkan keuntungan para pemegang                              shareholders through the optimization of the
        saham melalui optimalisasi saldo utang dan                          balance of debt and equity.
        ekuitas.
        Dalam mengelola permodalan, Perusahaan                              In managing capital, the Company conducts
        melakukan analisa secara bulanan untuk                              monthly analysis to ensure that the Company
        memastikan bahwa Perusahaan tetap mengikuti                         complies with the prevailing regulation of OJK
        peraturan    OJK       yang     berlaku      tentang                regarding conducting the business of Multi-
        penyelenggaraan usaha Perusahaan Pembiayaan                         Finance Companies which have some provisions
        yang diantaranya mengatur ketentuan sebagai                         as follows:
        berikut:
         Modal disetor Perusahaan minimum sebesar                           The Company’s paid-up capital of minimum
           Rp 100.000;                                                        Rp 100,000;
         Rasio piutang pembiayaan neto terhadap                             Net financing receivables to total assets
           jumlah aset (financing to asset/ FAR ratio) paling                 (financing to asset/ FAR ratio) at minimum
           rendah 40%;                                                        40%;
         Modal sendiri Perusahaan minimum sebesar                           The Company’s equity amounting to minimum
           50% dari modal disetor (Rasio Modal Sendiri                        50% of paid-up capital (MSMD ratio);
           Modal Disetor/ rasio MSMD);
         Jumlah pinjaman yang dimiliki Perusahaan                           The amount of the Company’s loan to equity
           dibandingkan modal sendiri dan pinjaman                            and subordinated loan deducted by investment
           subordinasi dikurangi penyertaan (gearing ratio)                   (gearing ratio) is maximum 10 times, both for
           maksimum 10 kali, baik untuk pinjaman luar                         foreign and domestic loans.
           negeri maupun dalam negeri.




                                                             37
Page 235
                                  PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

                    CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
               (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


4.   MANAJEMEN   RISIKO    KEUANGAN                               DAN        4.   FINANCIAL RISK MANAGEMENT AND CAPITAL
     MANAJEMEN MODAL (Lanjutan)                                                   MANAGEMENT (Continued)
     e.   Manajemen modal (Lanjutan)                                              e. Capital management (Continued)
              Pada tanggal 31 Desember 2023 dan                                       As of 31 December 2023 and 2022, the Company
              2022, Perusahaan telah memenuhi seluruh                                 has complied all ratios which required from
              ketentuan yang tercantum dalam Peraturan                                Regulation of Financial Services Authority Republic
              Otoritas Jasa Keuangan Republik Indonesia                               of Indonesia No. 35/POJK.05/2018 regarding
              No. 35/POJK.05/2018 tentang Penyelenggaraan                             Implementation of Multifinance Company Operation.
              Usaha Perusahaan Pembiayaan. Rasio yang telah                           Ratios calculated by the Company among others
              dihitung Perusahaan antara lain (tidak diaudit):                        (unaudited):

                                                                  31 Desember/December
                                                                     2023       2022

              Rasio FAR                                              90,22%        87,68%                                                        FAR ratio
              Rasio MSMD                                            139,41%       142,17%                                                      MSMD ratio
              Rasio Gearing                                            3,61x         3,59x                                                   Gearing ratio
              Return on assets                                        0,04%         1,64%                                                Return on assets
              Return on equity                                        0,02%         6,00%                                                 Return on equity
              Rasio piutang pembiayaan terhadap pinjaman            118,51%       115,46%                                        Financing to funding ratio
              Rasio piutang pembiayaan investasi dan pembiayaan                                       Receivable for investment financing and working
                modal kerja terhadap total piutang pembiayaan           25,22%     33,57%          capital financing to total financing receivable ratio
              Rasio permodalan                                          30,07%     29,99%                                                      Capital ratio

          Beberapa rasio yang digunakan Perusahaan untuk                               Several ratios used by the Company to monitor
          memonitor permodalan antara lain rasio imbal hasil                           capital are return on equity ratio and solvency ratio.
          ekuitas dan rasio solvabilitas. Rasio imbal hasil                            Return on equity ratio is used to identify the
          ekuitas digunakan untuk mengetahui kemampuan                                 Company’s capability to earn profit from the invested
          Perusahaan meraih laba dari modal yang                                       equity and is reflected through the comparison
          ditanamkan dan dicerminkan melalui perbandingan                              between net income to equity.
          antara laba bersih dengan ekuitas.
          Rasio solvabilitas digunakan untuk mengetahui                               Solvency ratio is used to identify the Company’s
          kemampuan       Perusahaan   untuk  memenuhi                                capability to fulfill the Company’s obligation through
          kewajibannya dengan menggunakan modal yang                                  utilizing its own capital.
          dimiliki.

5. PENGGUNAAN ESTIMASI DAN PERTIMBANGAN                                      5.   USE OF ESTIMATES AND JUDGMENTS
     i.   Pertimbangan-pertimbangan                                               i. Judgements
          Informasi mengenai pertimbangan-pertimbangan                                Information about critical judgments in applying
          penting dalam pnerapan kebijakan akuntansi yang                             accounting policies that have the most significant
          memiliki dampak yang signifikan terhadap jumlah                             effect on the amounts recognized in the financial
          yang diakui dalam laporan keuangan dijelaskan                               statements is included in the following notes:
          pada catatan berikut:
           Catatan 3a.6: Klasifikasi aset keuangan dan                                     Note 3a.6: Classification of financial assets and
            liabilitas keuangan                                                              financial liabilities
           Catatan 3a.7: Pengukuran nilai wajar                                            Note 3a.7: Fair value measurement

     ii. Asumsi-asumsi dan estimasi-estimasi yang tidak                           ii. Assumptions and estimation uncertainties
         pasti
          Informasi     mengenai      asumsi-asumsi     dan                           Information about the assumptions and estimation
          ketidakpastian estimasi, yang dapat mengakibatkan                           uncertainties that may result in a material adjustment
          penyesuaian material pada tahun berikutnya,                                 within the following year is included in the following
          termasuk dalam catatan berikut:                                             notes:
               Catatan 7 dan 8 – Cadangan                   kerugian                  Notes 7 and 8 – Allowance for impairment losses
                penurunan nilai aset keuangan.                                          of financial assets.
               Catatan 30 – pengukuran kewajiban imbalan                              Note 30 – measurement of post-employment
                pascakerja: asumsi-asumsi aktuaria.                                     benefits liabilities: actuarial assumptions.




                                                                        38
Page 236
                         PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

            CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
       (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


5. PENGGUNAAN ESTIMASI DAN PERTIMBANGAN                            5.   USE OF ESTIMATES AND JUDGMENTS
    (Lanjutan)                                                          (Continued)
  ii. Asumsi-asumsi dan estimasi-estimasi yang tidak                    ii. Assumptions and estimation uncertainties
      pasti (Lanjutan)                                                      (Continued)
    Perusahaan melakukan peninjauan kembali atas                           The Company reviews their financial assets at
    aset keuangan pada setiap tanggal pelaporan untuk                      reporting date to evaluate the allowance for
    melakukan penilaian atas cadangan penurunan nilai                      impairment losses. Management’s judgement is
    yang telah dicatat. Pertimbangan manajemen                             applied in the estimation when determining the level
    diperlukan dalam menentukan tingkat cadangan                           of allowance required.
    yang dibutuhkan.
  a. Cadangan     kerugian     penurunan      nilai   aset              a. Allowance for impairment losses of financial
     keuangan                                                              assets
    Penilaian risiko kredit dari portofolio aset memerlukan                The assessment of credit risk of an asset portfolio
    estimasi mengenai kemungkinan terjadinya gagal                         entails further estimations as to the likelihood of
    bayar, dari rasio kerugian yang terkait dan korelasi                   defaults occurring, of the associated loss ratios and
    gagal bayar antar pihak. Perusahaan mengukur                           of default correlations between counterparties. The
    menggunakan model yang kompleks yang                                   Company primarily uses sophisticated models that
    menggunakan matriks Probability of Default (PD),                       utilize the Probability of Default (PD), Loss Given
    Loss Given Default (LGD) dan Exposure at Default                       Default (LGD) and Exposure at Default (EAD), and
    (EAD), dan variabel makroekonomi untuk estimasi                        macroeconomic variables for forward looking
    yang bersifat perkiraan masa depan, yang                               perspective, which are discounted using the effective
    didiskontokan menggunakan suku bunga efektif,                          interest rate, as described as follows:
    yang dapat dijelaskan sebagai berikut:
    - PD merupakan kemungkinan pada suatu waktu                           - PD represents the probability at a point in time that
      (point in time) dimana debitur mengalami gagal                        debtor will default, calibrated over up to 12 months
      bayar, dikalibrasikan sampai dengan periode                           from the reporting date (Stage 1) or over the lifetime
      12 bulan dari tanggal pelaporan (Tahap 1) atau                        of the asset (Stage 2) and incorporating the impact
      sepanjang     umur     aset  (Tahap    2)   dan                       of forward looking economic assumptions that have
      memperhitungkan dampak asumsi ekonomi masa                            an effect on credit risk. PD is estimated at point in
      depan yang memiliki dampak terhadap risiko                            time that means it will fluctuate in line with
      kredit. PD diestimasikan pada suatu waktu berarti                     the economic cycle.
      PD akan berfluktuasi sejalan dengan siklus
      ekonomi.
    - LGD merupakan kerugian yang diperkirakan akan                       - LGD represents the loss that is expected to arise on
      timbul dari debitur yang gagal bayar, yaitu                           default, which represents the difference between the
      perbedaan antara arus kas kontraktual yang                            contractual cash flows due and those that the
      seharusnya diterima dengan arus kas yang                              Company expects to receive. The Company
      diharapkan       Perusahaan     untuk    diterima.                    estimates LGD based on the history of recovery
      Perusahaan mengestimasikan LGD berdasarkan                            rates and considers the recovery of any collateral
      data     historis    tingkat   pemulihan       dan                    that is integral to the financial assets, taking into
      memperhitungkan pemulihan yang berasal dari                           account forward looking economic assumptions
      jaminan yang merupakan          bagian yang tidak                     where relevant.
      terpisah     dari    aset    keuangan     dengan
      mempertimbangkan asumsi ekonomi di masa
      depan yang relevan.
    - EAD merupakan perkiraan nilai eksposur pada saat                    - EAD represents the expected exposure at the time
      gagal   bayar   dengan       mempertimbangkan                         of default, taking into account that expected change
      perubahan eksposur yang diharapkan selama                             in exposure over the lifetime of the exposure. This
      masa eksposur. EAD memperhitungkan dampak                             incorporates the impact of repayments of principals
      pembayaran pokok dan bunga, amortisasi dan                            and interest, amortisation and prepayments.
      pembayaran dimuka.
      Pertimbangan utama dan estimasi yang dibuat oleh                    Key judgment and estimates made by the Company
      Perusahaan meliputi:                                                include the following:

       Peningkatan risiko kredit yang signifikan                          Significant increase in credit risk
        Dalam     pengukuran     KKE,  pertimbangan                         In the measurement of ECL, judgment is involved in
        diperlukan dalam penerapan aturan untuk                             setting the rules to determine whether there has
        menentukan apakah telah terdapat peningkatan                        been a significant increase in credit risk (SICR)
        signifikan atas risiko kredit (SICR) sejak                          since initial recognition of a loan, resulting the
        pengakuan awal atas pinjaman yang diberikan,                        financial asset moving from "Stage 1” to “Stage 2”.
        yang mengakibatkan aset keuangan berpindah
        dari “Tahap 1” ke “Tahap 2”.



                                                              39
Page 237
                                 PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

               CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
          (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


5.   PENGGUNAAN ESTIMASI DAN PERTIMBANGAN                                          5.   USE OF ESTIMATES AND JUDGMENTS
     (Lanjutan)                                                                         (Continued)
     a.   Cadangan kerugian               penurunan         nilai     aset               a.      Allowance for impairment losses of financial
          keuangan (Lanjutan)                                                                    assets (Continued)
          Dalam menentukan apa yang merupakan SICR,                                              In determining what constitutes SICR, the
          Perusahaan menggunakan informasi tunggakan 30                                          Company uses 30 days or more past due
          hari atau lebih untuk mengakui kerugian kredit                                         information and recognizes lifetime expected
          ekspektasian sepanjang umurnya. Ini merupakan                                          credit losses. This is a key area of judgment as
          hal yang utama dalam pertimbangan karena                                               transition from Stage 1 and Stage 2 increases the
          perpindahan dari Tahap 1 dan Tahap 2                                                   ECL calculation from an allowance based on the
          meningkatkan perhitungan KKE atas penyisihan                                           probability of default in the next 12 months, to an
          berdasarkan probability of default dalam 12 bulan                                      allowance for lifetime expected credit losses.
          mendatang, menjadi penyisihan kerugian kredit                                          Subsequent decreases in credit risk combined
          ekspektasian    sepanjang     umur.    Penurunan                                       with transition from Stage 2 to Stage 1 may
          selanjutnya atas risiko kredit yang digabungkan                                        simillarly result in significant changes in the ECL
          dengan perpindahan dari Tahap 2 ke Tahap 1                                             allowance. The Company monitors the
          mungkin akan memberikan hasil yang sama atas                                           effectiveness of SICR criteria on an ongoing
          perubahan signifikan dalam penyisihan KKE.                                             basis
          Perusahaan memantau efektivitas kriteria SICR
          secara berkelanjutan.

           Informasi forward looking                                                          Forward looking information
           Pengukuran     kerugian     kredit   ekspektasian                                     The measurement of expected credit losses
           mencerminkan jumlah rata-rata probabilitas                                            reflects an unbiased probability-weighted range
           tertimbang yang tidak bias dari rentang hasil akhir                                   of possible future outcomes.
           masa depan yang mungkin terjadi.
           Dalam menetapkan informasi forward looking                                            In applying forward looking information in the
           dalam model PSAK 71 Perusahaan menggunakan                                            Company’s PSAK 71 credit models, the
           variabel makroekonomi dalam menentukan KKE.                                           Company uses macroeconomics variables. The
           Variabel makroekonomi yang digunakan terdiri                                          macroeconomic variables used, among others,
           dari: pertumbuhan Pendapatan Bruto Nasional                                           consisted of Gross Domistic Products (GDP)
           (PDB), tingkat pengangguran, tingkat tukar mata                                       growth, unemployment rate and exchange rate
           uang (USD/IDR), harga minyak mentah, dan harga                                        (USD/IDR), crude oil price, and coal price. In
           batu bara. Untuk perhitungan KKE pada tanggal                                         determination of ECL as of 31 December 2023
           31 Desember 2023 dan 2022, Perusahaan                                                 and 2022, the Company used macroeconomic
           menggunakan variabel makroekonomi sebagai                                             variables as follows:
           berikut:
                                      Tingkat pertumbuhan
                                        pendapatan bruto
                                         nasional (PDB)/                                   Nilai tukar/          Harga minyak mentah/          Harga batu bara/
                                         Gross Domestic        Tingkat pengangguran/      Exchange rate             Crude oil price               Coal price
           Skenario/ Scenario            Products (GDP)          Unemployment rate          (USD/IDR)                  (USD/Bbl)                   (USD/T)
                                        2023         2022        2023           2022     2023         2022         2023*)        2022         2023*)        2022

           Optimis/Optimistic           5,9%         5,6%        5,0%           5,9%    15.439       15.592        75,72           -          141,82          -
           Dasar/Base                   5,6%         5,3%        5,3%           5,9%    15.439       15.592        75,72           -          141,82          -
           Pesimis/Pessimistic          5,3%         5,0%        5,6%           5,9%    15.439       15.592        75,72           -          141,82          -
           *) Variabel makroekonomi yang baru digunakan untuk perhitungan KKE                    *) New macroeconomics variables for ECL calculation of finance lease

           piutang sewa pembiayaan pada tanggal 31 Desember 2023                                 receivables as of 31 December 2023


           Dalam menentukan probabilitas tertimbang dari                                         In determining the probability weighted of each
           skenario yang akan terjadi di masa depan,                                             scenario that will occur in the future, the Company
           Perusahaan telah melakukan analisis berdasarkan                                       has conducted an analysis based on historical
           informasi historis PDB yang meliputi insiden besar                                    GDP information which includes the major
           yang terjadi pada rentang waktu 5 tahun terakhir.                                     incident that happened in the last 5 years.
           Perusahaan      menerapkan       tiga    skenario                                     The Company applied the following three
           makroekonomi berikut untuk mencerminkan jumlah                                        macroeconomic scenarios to reflect an unbiased
           yang tidak bias dan probabilitas tertimbang yang                                      probability-weighted range of possible future
           ditentukan dengan mengevaluasi serangkaian                                            outcomes in estimating ECL:
           hasil yang kemungkinan dapat terjadi dalam
           mengestimasi ECL:
           -    Skenario dasar: Skenario ini mencerminkan                                        -    Base scenario: This scenario reflects that
                bahwa kondisi makroekonomi saat ini terus                                             current macroeconomic conditions continue
                berlanjut; dan                                                                        to prevail; and

                                                                           40
Page 238
                          PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

            CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
       (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


5. PENGGUNAAN ESTIMASI DAN PERTIMBANGAN                         5.   USE OF ESTIMATES AND JUDGMENTS
   (Lanjutan)                                                        (Continued)

  a.   Cadangan kerugian          penurunan     nilai   aset         a.   Allowance for impairment losses of financial
       keuangan (Lanjutan)                                                assets (Continued)

       -   Skenario optimis dan pesimis: Skenario ini                     -   Optimistic and pessimistic scenarios: These
           ditetapkan relative terhadap skenario dasar;                       scenarios are set relative to the base scenario;
           mencerminkan kondisi makroekonomi terbaik                          reflecting best and worstcase macroeconomic
           dan terburuk berdasarkan kombinasi pendekatan                      conditions based on combination of statistical
           statistik dan penilaian dari subject matter expert                 approach and subject matter expert’s
           berdasarkan kondisi ekonomi saat ini.                              assessment from current economic conditions.

       Jika memungkinkan, penyesuaian dapat dilakukan                     Where applicable, adjustments may be made to
       untuk situasi dimana risiko yang diketahui atau yang               account for situations where known or expected
       diharapkan belum ditangani secara memadai dalam                    risks have not been adequately addressed in the
       proses permodelan. Divisi Risiko Kredit, Fraud &                   modelling process. Credit Risk, Fraud &
       Manajemen Risiko Operasional bertanggungjawab                      Operational Risk Management Division is
       untuk mengusulkan penyesuaian tersebut.                            responsible for recommending such adjustments.

       Tingkat keseluruhan kerugian kredit ekspektasian                   The overall level of expected credit losses and
       dan area pertimbangan manajemen yang signifikan                    areas of significant management judgement will be
       akan dilaporkan kepada, dan diawasi oleh, Komite                   reported to and oversighted by, the Company’s
       Manajemen Risiko Perusahaan.                                       Risk Management Committee.

  b.   Penentuan nilai wajar                                         b.   Determining fair values

       Dalam menentukan nilai wajar atas aset keuangan                    The determination of fair value for financial assets
       dan liabilitas keuangan dimana tidak terdapat harga                and financial liabilities for which there is no
       pasar yang dapat diobservasi, Perusahaan harus                     observable market price requires the use of
       menggunakan teknik penilaian seperti dijelaskan                    valuation techniques as described in Note 3a.7.
       pada Catatan 3a.7.

       Informasi mengenai penentuan nilai wajar dari                      Information about the determination of fair value of
       instrumen keuangan diungkapkan pada Catatan 35.                    financial instruments is disclosed in Note 35.

  c.   Pengukuran atas kewajiban imbalan pascakerja                  c.   Measurement of obligation for post -employment
                                                                          benefits

       Kewajiban imbalan pascakerja ditentukan oleh                       Obligation for post-employment benefits is
       perhitungan   aktuaria.      Perhitungan aktuaria                  determined by actuarial valuation. The actuarial
       menggunakan asumsi-asumsi seperti tingkat                          valuation involves assumptions such as discount
       diskonto, tingkat pengembalian aset, tingkat                       rate, expected rate on returns on plan assets, salary
       kenaikan penghasilan, tingkat kematian, tingkat                    increase rate, mortality rate, resignation rate and
       pengunduran diri, dan lain-lain.                                   others.




                                                           41
Page 239
                                 PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

                CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
           (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


6.   KAS DAN BANK                                                              6.   CASH ON HAND AND IN BANKS
                                                               31 Desember/December
                                                               2023            2022

     Kas                                                                                                                           Cash on hand
       Rupiah                                                       5.653             5.803                                           Rupiah
     Kas di bank                                                                                                                 Cash in banks
       Rupiah                                                                                                                        Rupiah
          Pihak berelasi                                                                                                  Related parties
             PT Bank Danamon Indonesia Tbk                       172.373            150.153             PT Bank Danamon Indonesia Tbk
             MUFG Bank Ltd., Cabang Jakarta                          139                187             MUFG Bank Ltd., Jakarta Branch

          Pihak ketiga                                                                                                         Third parties
             PT Bank Central Asia Tbk                              63.130            56.985                     PT Bank Central Asia Tbk
             PT Bank JTrust Indonesia Tbk                          30.061           150.525                PT Bank JTrust Indonesia Tbk
             PT Bank Permata Tbk                                   25.475            60.699                        PT Bank Permata Tbk
             PT Bank Rakyat Indonesia (Persero) Tbk                 5.601             4.900       PT Bank Rakyat Indonesia (Persero) Tbk
             PT Bank Mandiri (Persero) Tbk                          4.001             1.726                PT Bank Mandiri (Persero) Tbk
             PT Bank ANZ Indonesia                                    635                 7                      PT Bank ANZ Indonesia
             PT Bank Negara Indonesia (Persero) Tbk                   606               578      PT Bank Negara Indonesia (Persero) Tbk
             PT Bank CIMB Niaga Tbk                                   388               129                     PT Bank CIMB Niaga Tbk
             PT Bank Mizuho Indonesia                                 237               169                    PT Bank Mizuho Indonesia
             Standard Chartered Bank, Cabang Jakarta                   92                93      Standard Chartered Bank, Jakarta Branch
             PT Bank BTPN Tbk                                          74               144                          PT Bank BTPN Tbk
             PT Bank KEB Hana Indonesia                                69                69                 PT Bank KEB Hana Indonesia
             PT Bank Shinhan Indonesia                                 38                37                   PT Bank Shinhan Indonesia
             PT Bank DBS Indonesia                                     36                36                      PT Bank DBS Indonesia
             PT Bank Resona Perdania                                   20                20                    PT Bank Resona Perdania
             PT Bank Syariah Indonesia Tbk                             10               108               PT Bank Syariah Indonesia Tbk
             PT Bank Pan Indonesia Tbk                                  3                 2                  PT Bank Pan Indonesia Tbk
             PT Bank Mega Tbk                                           2                 -                           PT Bank Mega Tbk
             PT Bank OCBC NISP Tbk                                      -                 5                     PT Bank OCBC NISP Tbk
             Lain-lain (masing-masing dibawah                                                                        Others (each below
               Rp 100)                                                28                 27                                  Rp 100)
        Jumlah - Rupiah                                          303.018            426.599                                     Total - Rupiah
        Dolar Amerika Serikat                                                                                                        US Dollar
          Pihak berelasi                                                                                                      Related party
              MUFG Bank Ltd., Cabang Jakarta                           69                87               MUFG Bank Ltd., Jakarta Branch

          Pihak ketiga                                                                                                         Third parties
             PT Bank Resona Perdania                                   178              180                    PT Bank Resona Perdania
             PT Bank ANZ Indonesia                                      27              667                      PT Bank ANZ Indonesia
             PT Bank Central Asia Tbk                                   25            3.236                     PT Bank Central Asia Tbk
             PT Bank Mega Tbk                                           15                -                           PT Bank Mega Tbk
             PT Bank Permata Tbk                                        15                -                        PT Bank Permata Tbk
             PT Bank CIMB Niaga Tbk                                     14               15                     PT Bank CIMB Niaga Tbk
             PT Bank Mizuho Indonesia                                    7               30                    PT Bank Mizuho Indonesia
             PT Bank CTBC Indonesia                                      6                7                     PT Bank CTBC Indonesia
             Standard Chartered Bank, Cabang Jakarta                     4            1.581      Standard Chartered Bank, Jakarta Branch
        Jumlah - Dolar Amerika Serikat                                 360            5.803                                  Total - US Dollar
        Yen Jepang                                                                                                             Japanese Yen
          Pihak berelasi                                                                                                     Related party
             MUFG Bank Ltd., Cabang Jakarta                                3                 -           MUFG Bank Ltd., Jakarta Branch
          Pihak ketiga                                                                                                            Third party
             Standard Chartered Bank, Cabang Jakarta                       1                 1    Standard Chartered Bank, Jakarta Branch
        Jumlah - Yen Jepang                                                4                 1                           Total - Japanese Yen

     Jumlah kas di bank                                          303.382            432.403                                   Total cash in banks

     Jumlah kas dan kas di bank                                  309.035            438.206                 Total cash on hand and cash in banks

     Untuk tahun yang berakhir pada tanggal 31 Desember                         For the years ended 31 December 2023 and 2022, the
     2023 dan 2022, tingkat suku bunga kontraktual setahun                      contractual interest rates per annum on cash in banks
     atas kas di bank adalah sebagai berikut:                                   were as follows:
                                                                31 Desember/December
                                                                2023           2022
     Tingkat suku bunga kontraktual setahun atas jasa giro:                                                  Contractual interest rates per annum
                                                                                                                           on current accounts:
       Rupiah                                                 0% - 6,00%        0% - 3,75%                                               Rupiah
       Dolar Amerika Serikat                                  0% - 4,75%        0% - 1,00%                                            US Dollar
       Yen Jepang                                                0%                0%                                            Japanese Yen




                                                                  42
Page 240
                                  PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

                  CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
             (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


6. KAS DAN BANK (Lanjutan)                                         6.    CASH ON HAND AND IN BANKS (Continued)

  Pada tanggal 31 Desember 2023 dan 2022, tidak                          As of 31 December 2023 and 2022, there was no cash
  terdapat kas dan kas di bank yang digunakan sebagai                    on hand and in banks being pledged as collateral.
  jaminan.

  Lihat Catatan 34 untuk rincian saldo kas di bank dengan                Refer to Note 34 for details of balances of cash in banks
  pihak berelasi.                                                        with related parties.

7. PIUTANG PEMBIAYAAN                                              7.    FINANCING RECEIVABLES

  a.   Perusahaan memberikan kontrak pembiayaan untuk
       (                                                                 a. The Company extends consumer financing contracts
       motor, mobil dan multiguna dengan jangka waktu                       for motorcycles, cars and multipurpose with terms
       antara 1 tahun sampai dengan 5 tahun.                                ranging from 1 year to 5 years.
           Rincian piutang pembiayaan pada biaya perolehan                    The details of financing receivables at amortized
           diamortisasi pada tanggal 31 Desember 2023 dan                     cost as of 31 December 2023 and 2022 were as
           2022 adalah sebagai berikut:                                       follows:

                                                     31 Desember/December
                                                     2023           2022

           Piutang pembiayaan - bruto                 9.029.131)         8.566.617)                       Financing receivables - gross
           Pendapatan pembiayaan yang belum diakui   (2.180.152)        (2.000.013)                         Unearned financing income
                                                      6.848.979)         6.566.604)
           Penyisihan kerugian penurunan nilai         (247.811)          (179.387)                    Allowance for impairment losses
           Piutang pembiayaan - neto                  6.601.168)         6.387.217)                          Financing receivables - net

           Angsuran piutang pembiayaan yang akan diterima                     The installments of financing receivables, which will
           dari konsumen sesuai dengan tanggal jatuh                          be collected from consumers in accordance with the
           temponya adalah sebagai berikut:                                   due dates are as follows:

                                                      31 Desember/December
                                                      2023           2022

           < 1 tahun                                  3.767.005          3.763.154                                             < 1 year
           1 – 2 tahun                                2.644.457          2.490.625                                          1 – 2 years
           > 2 tahun                                  2.617.669          2.312.838                                            > 2 years
           Jumlah piutang pembiayaan - bruto          9.029.131          8.566.617                   Total financing receivables - gross

       Rata-rata tertimbang tingkat suku bunga kontraktual                    The weighted average contractual interest rate of
       piutang pembiayaan per tahun pada tanggal                              financing receivables per annum as of
       31 Desember 2023 dan 2022 adalah sebagai berikut:                      31 December 2023 and 2022 was as follows:

                                                      31 Desember/December
                                                      2023           2022

           Mobil                                         16,22%             16,08%                                                Cars
           Motor                                         26,87%             25,09%                                        Motorcycles
           Multiguna                                     27,20%             23,88%                                        Multipurpose

       Piutang pembiayaan dijamin oleh Bukti Pemilikan                       The financing receivables are secured by the
       Kendaraan Bermotor (BPKB) dari kendaraan yang                         related certificates of ownership (“BPKB”) of the
       dibiayai Perusahaan.                                                  vehicles financed by the Company.

       Pada tanggal 31 Desember 2023 dan 2022, terdapat                       As of 31 December 2023 and 2022, there were
       piutang pembiayaan yang dijadikan jaminan atas                         financing receivables which were pledged as
       pinjaman yang diterima masing-masing sebesar                           collaterals to borrowings amounting         to
       Rp 3.925.111 dan Rp 4.161.187 (lihat Catatan 18).                      Rp 3,925,111 and Rp 4,161,187, respectively (see
                                                                              Note 18).

       Pada tanggal 31 Desember 2023 dan 2022, terdapat                       As of 31 December 2023 and 2022, there were
       piutang pembiayaan yang dijadikan jaminan atas                         financing receivables which were pledged as
       utang obligasi masing-masing sebesar Rp 873.921                        collaterals to bonds payable amounting to
       dan Rp 623.278 (lihat Catatan 20).                                     Rp 873,921 and Rp 623,278, respectively (see
                                                                              Note 20).




                                                             43
Page 241
                                   PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

                 CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
            (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


7. PIUTANG PEMBIAYAAN (Lanjutan)                                               7.      FINANCING RECEIVABLES (Continued)

  b. Menurut stage
     (                                                                                 b. By stage

         Perubahan nilai tercatat piutang pembiayaan yang                                 The movement in the carrying amount of financing
         diberikan (sebelum cadangan kerugian kredit                                      receivables (before expected credit losses) based on
         ekspektasian) dengan klasifikasi biaya perolehan                                 stages was a follow:
         diamortisasi berdasarkan tahap (stage) adalah
         sebagai berikut:

                                                                       Tahun berakhir/Year ended
                                                                      31 Desember/December 2023
                                                      Tahap 1/          Tahap 2/       Tahap 3/       Jumlah/
                                                      Stage 1           Stage 2        Stage 3         Total

         Saldo awal tahun                             6.213.563)         153.998)         199.043)   6.566.604)                  Balance, beginning of year
         Transfer ke kerugian kredit ekspektasian                                                                        Transferred to 12-month expected
           12 bulan (Tahap 1)                            10.212)             (9.391)         (821)              -)                credit losses (Stage 1)
         Transfer ke kerugian kredit ekspektasian                                                                    Transferred to lifetime expected credit
           sepanjang umur (Tahap 2)                    (197.693)         198.082)            (389)              -)                        losses (Stage 2)
         Transfer ke kerugian kredit ekspektasian                                                                    Transferred to lifetime expected credit
           sepanjang umur (Tahap 3)                    (339.569)         (69.142)         408.711)              -)                        losses (Stage 3)
                                                                                                                      Reclassification to other receivables
         Reklasifikasi ke piutang lain-lain terkait                                                                         related to financed assets)))))
           jaminan aset keuangan                               -)        (48.752)            (375)      (49.127)                              collaterals)))))
         Aset keuangan yang baru diperoleh             4.210.940)              -)               -)    4.210.940)            New financial assets originated
         Aset keuangan yang telah dilunasi            (3.562.785)        (16.544)           9.679)   (3.569.650)     Financial assets that have been repaid
         Hapus buku                                            -)              -)        (309.788)     (309.788)                                     Write-off
         Saldo akhir tahun 31 Desember                                                                                  Balance, end of year 31 December
             2023                                     6.334.668)         208.251)         306.060)   6.848.979)                                    2023

                                                                       Tahun berakhir/Year ended
                                                                      31 Desember/December 2022
                                                      Tahap 1/          Tahap 2/       Tahap 3/       Jumlah/
                                                      Stage 1           Stage 2        Stage 3         Total

         Saldo awal tahun                             5.967.299)         143.498)         172.377)   6.283.174)                  Balance, beginning of year
         Transfer ke kerugian kredit ekspektasian                                                                        Transferred to 12-month expected
           12 bulan (Tahap 1)                             9.403)             (8.465)         (938)              -)                credit losses (Stage 1)
         Transfer ke kerugian kredit ekspektasian                                                                    Transferred to lifetime expected credit
           sepanjang umur (Tahap 2)                     (97.646)          98.192)            (546)              -)                        losses (Stage 2)
         Transfer ke kerugian kredit ekspektasian                                                                    Transferred to lifetime expected credit
           sepanjang umur (Tahap 3)                     (195.092)        (41.391)         236.483)            -)                          losses (Stage 3)
         Perubahan bersih pada eksposur               (1.667.505)         23.121)          46.296)   (1.598.088)                  Net changes in exposure
         Aset keuangan yang baru diperoleh             3.657.444)              -)               -)    3.657.444)            New financial assets originated
         Aset keuangan yang telah dilunasi            (1.460.340)        (60.957)         (36.912)   (1.558.209)     Financial assets that have been repaid
         Hapus buku                                            -)              -)        (217.717)     (217.717)                                     Write-off
         Saldo akhir tahun 31 Desember                                                                                  Balance, end of year 31 December
            2022                                      6.213.563)         153.998)        199.043)    6.566.604)                                      2022

   c. Perubahan penyisihan kerugian penurunan nilai                                    c. The movement of allowance for impairment losses
      berdasarkan tahap (stage) adalah sebagai berikut:                                    based on stages was as follows:

                                                                       Tahun berakhir/Year ended
                                                                      31 Desember/December 2023
                                                      Tahap 1/          Tahap 2/       Tahap 3/       Jumlah/
                                                      Stage 1           Stage 2        Stage 3         Total

         Saldo awal tahun                                (56.786)        (20.410)        (102.191)    (179.387)                  Balance, beginning of year
         Transfer ke kerugian kredit ekspektasian                                                                        Transferred to 12-month expected
           12 bulan (Tahap 1)                             (1.793)            1.400)          393)               -)                 credit losses (Stage 1)
         Transfer ke kerugian kredit ekspektasian                                                                    Transferred to lifetime expected credit
           sepanjang umur (Tahap 2)                       2.982)             (3.174)         192)               -)                        losses (Stage 2)
         Transfer ke kerugian kredit ekspektasian                                                                    Transferred to lifetime expected credit
           sepanjang umur (Tahap 3)                      17.899)             8.701)       (26.600)              -)                        losses (Stage 3)
         Perubahan pengukuran kembali atas KKE                                                                           Net remeasurement of ECL arising
           yang berasal dari transfer tahap             (10.773)         (16.056)        (307.345)    (334.174)                     from transfer of stage
         Aset keuangan yang baru diperoleh              (46.654)          (7.300)         (41.754)     (95.708)             New financial assets originated
         Aset keuangan yang telah dilunasi               27.041)           9.352)          14.606)      50.999)      Financial assets that have been repaid
                                                                                                                        Reclassification to other receivables
         Reklasifikasi ke piutang lain-lain terkait                                                                           related to financed assets)))))
           jaminan aset keuangan                                 -)            453)           218)         671)                                collaterals)))))
         Hapus buku                                              -)              -)       309.788)     309.788)                                      Write-off
         Saldo akhir tahun 31 Desember                                                                                   Balance, end of year 31 December
            2023                                         (68.084)        (27.034)        (152.693)    (247.811)                                       2023



                                                                        44
Page 242
                             PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

              CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
         (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


7. PIUTANG PEMBIAYAAN (Lanjutan)                                                    7. FINANCING RECEIVABLES (Continued)

  c. Perubahan penyisihan kerugian penurunan nilai                                        c. The movement of allowance for impairment losses
     berdasarkan tahap (stage) adalah sebagai berikut                                        based on stages was as follows (Continued):
     (Lanjutan):

                                                                      Tahun berakhir/Year ended
                                                                     31 Desember/December 2022
                                                   Tahap 1/            Tahap 2/       Tahap 3/              Jumlah/
                                                   Stage 1             Stage 2        Stage 3                Total

      Saldo awal tahun                                  (13.647)               (5.552)           (88.325)   (107.524)                  Balance, beginning of year
      Transfer ke kerugian kredit ekspektasian                                                                                 Transferred to 12-month expected
        12 bulan (Tahap 1)                                 (196)                 184)                12)              -)                credit losses (Stage 1)
      Transfer ke kerugian kredit ekspektasian                                                                             Transferred to lifetime expected credit
        sepanjang umur (Tahap 2)                        14.316)            (14.394)                  78)              -)                        losses (Stage 2)
      Transfer ke kerugian kredit ekspektasian                                                                             Transferred to lifetime expected credit
        sepanjang umur (Tahap 3)                       132.571)            35.858)           (168.429)                -)                        losses (Stage 3)
      Perubahan pengukuran kembali atas KKE                                                                                    Net remeasurement of ECL arising
        yang berasal dari transfer tahap               (123.811)           (38.784)          (81.857)       (244.452)                    from transfer of stage
      Aset keuangan yang baru diperoleh                 (69.386)                 -)                -)        (69.386)             New financial assets originated
      Aset keuangan yang telah dilunasi                   3.367)             2.278)           18.613)         24.258)      Financial assets that have been repaid
      Hapus buku                                              -)                 -)          217.717)        217.717)                                      Write-off
      Saldo akhir tahun 31 Desember                                                                                           Balance, end of year 31 December
        2022                                            (56.786)           (20.410)          (102.191)      (179.387)                                      2022

      Piutang pembiayaan dievaluasi untuk penurunan nilai                                   Financing receivables are evaluated for impairment
      atas dasar seperti yang dijelaskan di Catatan 3a.6.                                   on the basis described in Note 3a.6.
      Manajemen yakin bahwa jumlah penyisihan kerugian                                      Management believes that the                     allowance       for
      penurunan nilai yang dibentuk telah cukup.                                            impairment losses is adequate.


   d. Selama tahun yang berakhir 31 Desember 2023 dan                                    d. For the year ended 31 December 2023 and 2022,
      2022, piutang pembiayaan masing-masing sejumlah                                       financing receivables of Rp 1,351 and Rp 139,176,
      Rp 1.351 dan Rp 139.716 telah mengalami modifikasi                                    respectively, were subject to nonsubstantial
      yang tidak substansial sehubungan dengan program                                      modification as part of restructuring program from
      restrukturisasi beberapa debitur. Perusahaan                                          certain    debtors. The       Company recognized
      mengajui kerugian dari modifikasi masing-masing                                       modification loss of Rp 1,044 and Rp 40 presented as
      sebesar Rp 1.044 dan Rp 40 yang diakui dalam laba                                     part of addition of allowance for impairment losses in
      rugi sebagai bagian dari tambahan penyisihan                                          2023 and 2022, respectively. For the year 31
      kerugian penurunan nilai selama tahun 2023 dan                                        December 2023 and 2022, financing receivables for
      2022. Selama tahun yang berakhir 31 Desember 2023                                     which the allowance for impairment losses has
      dan 2022, piutang pembiayaan yang penyisihan                                          changed to stage 1 amounted to Rp 307 and
      kerugian penurunan nilainya berubah ke tahap 1                                        Rp 69,324, respectively.
      masing-masing sejumlah Rp 307 dan Rp 69.324.

      Pada tanggal 31 Desember 2023 dan 2022, jumlah                                        As of 31 December 2023 and 2022, the number of
      kontrak yang telah diresktrukturisasi masing - masing                                 restructured contracts represented 1,14% and 3,52%,
      mewakili 1.14% dan 3.52% dari kontrak pembiayaan.                                     respectively of total financing contracts.

      Rincian penyisihan kerugian penurunan nilai piutang                                   The breakdown of allowance for impairment losses on
      pembiayaan yang diakui dalam laba rugi adalah                                         financing receivables that recognized in profit or loss
      sebagai berikut:                                                                      were as follow:

                                                                   2023                   2022

        Tambahan penyisihan kerugian penurunan nilai                378.883                 289.580           Addition of allowance for impairment lossess
        Kerugian dari modifikasi                                      1.044                      40                                   Loss on modification
                                                                    379.927                 289.620


  Pada tanggal 31 Desember 2023 dan 2022, perusahaan                                      As of 31 December 2023 and 2022, the Company has
  telah memenuhi ketentuan rasio piutang pembiayaan                                       complied with the non-performing financing ratio which
  bermasalah berdasarkan ketentuan Peraturan Otoritas                                     in accordance with the prevailing regulation of Financial
  Jasa Keuangan yang berlaku tentang Penyelenggaraan                                      Services Authority Republic of Indonesia regarding
  Usaha Perusahaan Pembiayaan. Rasio yang telah                                           conducting the business of Multifinance Company.
  dihitung oleh perusahaan (tidak diaudit):                                               Ratios calculated by the Company (unaudited):

                                                                   2023                   2022

  Rasio piutang pembiayaan bermasalah - neto                   1,97%                     1,24%                             Non-performing financing - net ratio

                                                                          45
Page 243
                                     PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

                      CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
                 (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


8. PIUTANG SEWA PEMBIAYAAN                                                               8. FINANCE LEASE RECEIVABLES

  a.       Perusahaan memberikan kontrak sewa pembiayaan
           (                                                                                a.   The Company extends financing contracts of heavy
           untuk alat berat, mesin, kapal dan properti dengan                                    equipment, machines, vessels and property with
           jangka waktu antara 1 tahun sampai dengan 5 tahun.                                    terms ranging from 1 year to 5 years.
           Rincian piutang sewa pembiayaan pada biaya                                            The details of finance lease receivables at
           perolehan diamortisasi pada tanggal 31 Desember                                       amortized cost as of 31 December 2023 and 2022
           2023 dan 2022 adalah sebagai berikut:                                                 were as follows:

                                                                       31 Desember/December
                                                                       2023           2022

               Tagihan sewa pembiayaan bruto, jatuh tempo                                                                Gross finance lease receivables due in
                   dalam periode:                                                                                                                   periods:
                   Sampai dengan 1 tahun                                485.380)             618.650)                                           Up to 1 year
                   >1 tahun sampai dengan 5 tahun                       397.274)             597.231)                                 > 1 year up to 5 years
                                                                        882.654)           1.215.881)
               Nilai sisa yang terjamin                               1.450.848)           1.349.378)                                Guaranteed residual value
               Investasi sewa pembiayaan bruto                        2.333.502)           2.565.259)                        Gross investment in finance leases
               Dikurangi:                                                                                                                                 Less:
                     Pendapatan pembiayaan
                       tangguhan                                        (108.724)            (168.883)                               Unearned lease income
                     Simpanan jaminan                                 (1.450.848)          (1.349.378)                                    Security deposits
               Investasi neto dalam sewa
                     pembiayaan, sebelum penyisihan kerugian                                                            Net investment in finance leases, before
                     penurunan nilai                                    773.930)           1.046.998)                        allowance for impairment losses
               Penyisihan kerugian penurunan nilai                      (14.714)            (162.751)                           Allowance for impairment losses

               Piutang sewa pembiayaan - net                            759.216)             884.247)                           Finance lease receivables - net

  b.       Rata-rata tertimbang tingkat suku bunga kontraktual                              b. The weighted average contractual interest rates of
           piutang sewa pembiayaan per tahun pada tanggal                                      finance lease receivables per annum as of
           31 Desember 2023 dan 2022 adalah sebagai                                            31 December 2023 and 2022 were as follows:
           berikut:

                                                                      31 Desember/December
                                                                      2023           2022

               IDR                                                       13,06%               12,73%                                                         IDR
               USD                                                        7,50%                7,50%                                                        USD

  c.   (   Menurut stage                                                                    c. By stage

               Perubahan nilai tercatat piutang sewa pembiayaan                                  The movement in the carrying amount of finance
               yang diberikan (sebelum cadangan kerugian kredit                                  lease receivables (before expected credit losses)
               ekspektasian) dengan klasifikasi biaya perolehan                                  based on stages was as follows:
               diamortisasi berdasarkan tahap (stage) adalah
               sebagai berikut:
                                                                       Tahun berakhir/Year ended
                                                                      31 Desember/December 2023
                                                        Tahap 1/        Tahap 2/       Tahap 3/          Jumlah/
                                                        Stage 1         Stage 2        Stage 3            Total

                Saldo awal tahun                         772.056)          64.732)          210.210)     1.046.998)                 Balance, beginning of year
                Transfer ke kerugian kredit                                                                                 Transferred to 12 months expected
                  ekspektasian 12 bulan (Tahap 1)           14.168)                 -)       (14.168)              -)                 credit losses (Stage 1)
                Transfer ke kerugian kredit
                  ekspektasian sepanjang umur                                                                             Transferred to lifetime expected credit
                  (Tahap 2)                               (12.738)         12.738)                 -)              -)                          losses (Stage 2)
                Transfer ke kerugian kredit
                  ekspektasian sepanjang umur                                                                            Transferred to lifetime expected credit
                  (Tahap 3)                               (13.631)        (51.454)           65.085)               -)                         losses (Stage 3)
                                                                                                                            Reclassification to other receivables
                Reklasifikasi ke piutang lain-lain                                                                                 related to financed assets))))
                  terkait jaminan aset keuangan                 -)              -)         (199.720)      (199.720)                                 collaterals))))
                Aset keuangan yang baru diperoleh         505.587)              -)                -)       505.587)             New financial assets originated
                Aset keuangan yang telah dilunasi        (550.318)        (16.809)           (7.118)      (574.245)      Financial assets that have been repaid
                Hapus buku                                      -)              -)           (4.690)        (4.690)                                      Write-off
                Saldo akhir tahun 31 Desember                                                                                Balance, end of year 31 December
                  2023                                   715.124)           9.207)           49.599)      773.930)                                        2023




                                                                            46
Page 244
                                   PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

                  CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
             (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


8. PIUTANG SEWA PEMBIAYAAN (Lanjutan)                                           8. FINANCE LEASE RECEIVABLES (Continued)
  c.   (   Menurut stage (Lanjutan)                                                c. By stage (Continued)
                                                                  Tahun berakhir/Year ended
                                                                 31 Desember/December 2022
                                                 Tahap 1/          Tahap 2/       Tahap 3/     Jumlah/
                                                 Stage 1           Stage 2        Stage 3       Total

            Saldo awal tahun                      928.660)          201.302)       153.004)    1.282.966)                Balance, beginning of year
            Transfer ke kerugian kredit                                                                          Transferred to 12 months expected
              ekspektasian 12 bulan (Tahap 1)      18.653)          (12.651)         (6.002)             -)                credit losses (Stage 1)
            Transfer ke kerugian kredit
              ekspektasian sepanjang umur                                                                     Transferred to lifetime expected credit
              (Tahap 2)                           (60.800)           60.800)              -)             -)                        losses (Stage 2)
            Transfer ke kerugian kredit
              ekspektasian sepanjang umur                                                                     Transferred to lifetime expected credit
              (Tahap 3)                           (19.344)         (187.201)        206.545)           -)                          losses (Stage 3)
            Perubahan bersih pada eksposur       (304.926)            9.411)         (3.905)    (299.420)                  Net changes in exposure
            Aset keuangan yang baru diperoleh     365.973)                -)              -)     365.973)            New financial assets originated
            Aset keuangan yang telah dilunasi    (156.160)           (6.929)       (130.877)    (293.966)     Financial assets that have been repaid
            Hapus buku                                  -)                -)         (8.555)      (8.555)                                     Write-off
            Saldo akhir tahun 31 Desember                                                                        Balance, end of year 31 December
              2022                                772.056)           64.732)       210.210)    1.046.998)                                     2022

  d.        Perubahan penyisihan kerugian penurunan nilai                          d. The movement of allowance for impairment losses
            berdasarkan tahap (stage) adalah sebagai berikut:                         based on stages was as follows:
                                                                  Tahun berakhir/Year ended
                                                                 31 Desember/December 2023
                                                 Tahap 1/          Tahap 2/       Tahap 3/     Jumlah/
                                                 Stage 1           Stage 2        Stage 3       Total

            Saldo awal tahun                        (4.171)          (5.910)       (152.670)    (162.751)                Balance, beginning of year
            Transfer ke kerugian kredit                                                                          Transferred to 12 months expected
              ekspektasian 12 bulan (Tahap 1)       (1.290)                -)         1.290)             -)                credit losses (Stage 1)
            Transfer ke kerugian kredit
              ekspektasian sepanjang umur                                                                     Transferred to lifetime expected credit
              (Tahap 2)                               192)             (192)              -)             -)                        losses (Stage 2)
            Transfer ke kerugian kredit
              ekspektasian sepanjang umur                                                                     Transferred to lifetime expected credit
              (Tahap 3)                                49)            4.990)         (5.039)             -)                        losses (Stage 3)
            Perubahan pengukuran kembali atas
              KKE yang berasal dari transfer                                                                      Net remeasurement of ECL arising
              tahap                                  1.251)            (469)       (11.422))     (10.640)                    from transfer of stage))))
            Aset keuangan yang baru diperoleh       (1.255)               -)              -)      (1.255)            New financial assets originated
            Aset keuangan yang telah dilunasi        2.994)             906)            218)       4.118)     Financial assets that have been repaid
                                                                                                                 Reclassification to other receivables
            Reklasifikasi ke piutang lain-lain                                                                          related to financed assets))))
              terkait jaminan aset keuangan                 -)             -)      151.124)     151.124)                                 collaterals))))
            Hapus buku                                      -)             -)        4.690)       4.690)                                      Write-off
            Saldo akhir tahun 31 Desember                                                                         Balance, end of year 31 December
               2023                                 (2.230)            (675)        (11.809)     (14.714)                                      2023

                                                                  Tahun berakhir/Year ended
                                                                 31 Desember/December 2022
                                                 Tahap 1/          Tahap 2/       Tahap 3/     Jumlah/
                                                 Stage 1           Stage 2        Stage 3       Total

            Saldo awal tahun                        (6.044)         (59.376)       (125.355)    (190.775)                Balance, beginning of year
            Transfer ke kerugian kredit                                                                          Transferred to 12 months expected
              ekspektasian 12 bulan (Tahap 1)        (205)              167)            38)              -)                credit losses (Stage 1)
            Transfer ke kerugian kredit
              ekspektasian sepanjang umur                                                                     Transferred to lifetime expected credit
              (Tahap 2)                             5.559)           (5.559)              -)             -)                        losses (Stage 2)
            Transfer ke kerugian kredit
              ekspektasian sepanjang umur                                                                     Transferred to lifetime expected credit
              (Tahap 3)                             1.765)          150.743)       (152.508)             -)                        losses (Stage 3)
            Perubahan pengukuran kembali atas
              KKE yang berasal dari transfer                                                                      Net remeasurement of ECL arising
              tahap                                 (4.107)         (92.470)        (1.127)     (97.704)                     from transfer of stage)))
            Aset keuangan yang baru diperoleh       (1.833)               -)             -)      (1.833)             New financial assets originated
            Aset keuangan yang telah dilunasi          694)             585)       117.727)     119.006)      Financial assets that have been repaid
            Hapus buku                                   -)               -)         8.555)       8.555)                                    Write-off
            Saldo akhir tahun 31 Desember                                                                        Balance, end of year 31 December
               2022                                 (4.171)          (5.910)       (152.670)    (162.751)                                    2022




                                                                      47
Page 245
                              PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

              CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
         (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


8. PIUTANG SEWA PEMBIAYAAN (Lanjutan)                               8. FINANCE LEASE RECEIVABLES (Continued)
        Pada tanggal 31 Desember 2023 dan 2022, piutang                   As of 31 December 2023 and 2022, finance lease
        sewa pembiayaan yang dijadikan jaminan atas                       receivables pledged as collaterals to borrowings
        pinjaman yang diterima masing-masing sebesar                      amounting to Rp 640,001 and Rp 532,053,
        Rp 640.001 dan Rp 532.053 (lihat Catatan 18).                     respectively (see Note 18).
        Pada tanggal 31 Desember 2023 dan 2022, piutang                   As of 31 December 2023 and 2022, finance lease
        sewa pembiayaan yang dijadikan jaminan atas utang                 receivables pledged as collateral for bonds payable
        obligasi masing-masing sebesar Rp 44.079 and                      amounted to Rp 44,079 and Rp 24,722, respectively
        Rp 24.722 (lihat Catatan 20).                                     (see Note 20).
        Pada tanggal 31 Desember 2023 dan 2022, tidak ada                 As of 31 December 2023 and 2022, there was no
        debitur yang memiliki saldo piutang sewa                          debtor which has balance of finance lease
        pembiayaan neto di atas 10% dari total piutang sewa               receivales-net above 10% from total finance lease
        pembiayaan neto.                                                  receviables-net.

        Simpanan Jaminan                                                  Security deposits
        Pada awal perjanjian sewa guna, lessee diwajibkan                 At the inception of the lease agreement, the lessee
        untuk menempatkan simpanan jaminan yang akan                      is required to place a lease deposit, which will be
        digunakan sebagai pembayaran atas pembelian aset                  used as payment for the purchase of the leased
        sewa pada akhir masa sewa pembiayaan apabila                      assets at the end of the lease period if the lessee
        lessee melaksanakan hak opsi. Apabila hak opsi                    exercises the purchase option. Otherwise, the
        tidak dilaksanakan, simpanan jaminan tersebut akan                security deposits will be returned to the lessee.
        dikembalikan kepada lessee.
   e.   Selama tahun yang berakhir 31 Desember 2023 dan                e. For the year ended 31 December 2023 and 2022,
        2022, piutang sewa pembiayaan masing-masing                       finance lease receivables of Rp 77,952 and Rp
        sejumlah Rp 77.952 dan Rp 251.645 telah                           251,645,      respectively,   were     subject    to
        mengalami modifikasi yang tidak substansial                       nonsubstantial modification as part of restructuring
        sehubungan dengan program restrukturisasi beberapa                program from certain debtors. The Company
        debitur. Perusahaan mengajui kerugian (keuntungan)                recognized modification loss (gain) of Rp 2,767 and
        dari modifikasi masing-masing sebesar Rp 2.767                    Rp (914) presented as part of addition of allowance
        dan Rp (914) yang diakui dalam laba rugi sebagai                  for impairment losses in 2023 and 2022,
        bagian dari tambahan penyisihan kerugian                          respectively. For the year 31 December 2023 and
        penurunan nilai selama tahun 2023 dan 2022.                       2022, finance lease receivables for which the
        Selama tahun yang berakhir 31 Desember 2023 dan                   allowance for impairment losses has changed to
        2022, piutang sewa pembiayaan yang penyisihan                     stage 1 amounted to Rp 68,551 and Rp 93,919,
        kerugian penurunan nilainya berubah ke tahap 1                    respectively.
        masing-masing sejumlah Rp 68.551 dan Rp 93.919.
        Pada tanggal 31 Desember 2023 dan 2022, jumlah                    As of 31 December 2023 and 2022, the number of
        kontrak yang telah diresktrukturisasi masing -                    restructured contracts represented 12,57% and
        masing mewakili 12.57% dan 24.54% dari kontrak                    24,54%, respectively of total finance lease contracts.
        sewa pembiayaan.

   Rincian penyisihan kerugian penurunan nilai piutang sewa            The breakdown of allowance for impairment losses on
   pembiayaan yang diakui dalam laba rugi adalah sebagai               finance lease receivables that recognized in profit or loss
   berikut:                                                            were as follow:

                                                         2023           2022

        Pemulihan penyisihan kerugian penurunan nilai       7.777         (19.469)         Reversal of allowance for impairment losses
        Kerugian (keuntungan) dari modifikasi               2.767            (914)                          Loss (gain) on modification
                                                           10.544         (20.383)


   Pada tanggal 31 Desember 2023 dan 2022, perusahaan                  As of 31 December 2023 and 2022, the Company has
   telah memenuhi ketentuan rasio piutang pembiayaan                   complied the non-performing financing ratio which in
   bermasalah berdasarkan ketentuan Peraturan Otoritas                 accordance with the prevailing regulation of Financial
   Jasa Keuangan yang berlaku tentang Penyelenggaraan                  Services Authority Republic of Indonesia regarding
   Usaha Perusahaan Pembiayaan. Rasio yang telah                       conducting the business of Multifinance Company. Ratios
   dihitung oleh perusahaan (tidak diaudit):                           calculated by the Company (unaudited):
                                                        2023           2022

        Rasio piutang pembiayaan bermasalah - neto        0,48%           0,14%                    Non-performing financing - net ratio




                                                               48
Page 246
                                    PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

                CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
           (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


9.   BEBAN DIBAYAR DIMUKA                                          9.   PREPAID EXPENSES
                                                       31 Desember/December
                                                        2023          2022
     Pihak ketiga                                                                                                      Third parties
        Promosi                                           17.809         24.296                                        Promotion
        Pemeliharaan sistem                                2.731          1.380                               System maintenance
        Sewa                                               1.053          1.005                                             Rent
        Asuransi                                             118            124                                        Insurance
        Lain-lain                                            550            987                                           Others
                                                          22.261         27.792

10. PIUTANG LAIN-LAIN                                              10. OTHER RECEIVABLES
                                                       31 Desember/December
                                                        2023          2022

     Pihak ketiga                                                                                                         Third parties
                                                                                                  Receivables from financed assets
        Piutang dari jaminan aset keuangan - bersih      168.543        128.819                                  collaterals - net
        Piutang agen pembayaran                           21.616         15.048                      Payment channel receivables
        Piutang karyawan                                  15.385         15.787                             Employee receivables
        Akrual denda keterlambatan                        14.438         12.176                              Accrued late charges
        Titipan di dealer                                  6.472          6.150                                   Deposit to dealer
        Anjak piutang                                      3.915          1.652                                           Factoring
        Lain-lain                                          4.593          5.373                                              Others
                                                         234.962        185.005

     Pihak berelasi                                                                                                  Related parties
        Piutang karyawan                                     791          1.051                              Employee receivables

                                                         235.753        186.056

     Manajemen berpendapat bahwa jumlah penyisihan                      Management believes that the allowance for impairment
     kerugian penurunan nilai atas piutang lain-lain dari pihak         losses of other receivables from third parties included in
     ketiga yang dimasukkan sebagai bagian “piutang dari                “receivables from financed assets collaterals - net” as of
     jaminan aset keuangan - bersih” pada tanggal                       31 December 2023 and 2022 amounting to Rp 333,851
     31 Desember 2023 dan 2022 masing-masing sebesar                    and Rp 182,620, respectively, was adequate to cover
     Rp 333.851 dan Rp 182.620 cukup untuk menutupi                     possible losses from uncollectible other receivables from
     kerugian yang mungkin timbul akibat tidak tertagihnya              third parties.
     piutang lain-lain dari pihak ketiga.
                                                                        Refer to Note 34 for details of balances of other
     Lihat Catatan 34 untuk rincian saldo piutang lain-lain             receivables with related parties.
     dengan pihak berelasi.
11. INSTRUMEN DERIVATIF                                            11. DERIVATIVE INSTRUMENTS
                                                          31 Desember/December
                                                          2023            2022

     Aset derivative                                                                                               Derivative assets
       Kontrak foreign currency option                                                            Foreign currency option contracts
           Pihak ketiga                                            -            9.423)                              Third parties

                                                                                                  Cross currency interest rate swap
        Kontrak cross currency interest rate swap                                                                      Contracts
           Pihak berelasi                                    42.857           107.643)                             Related party
           Pihak ketiga                                      24.531            65.792)                              Third parties
        Kontrak interest rate swap                                                                      Interest rate swap contracts
           Pihak ketiga                                           -             1.845)                                Third parties
                                                             67.388           184.703)

     Liabilitas derivative                                                                                        Derivative liabilities
       Kontrak foreign currency option                                                             Foreign currency option contracts
            Pihak berelasi                                         -              498)                             Related party
            Pihak ketiga                                           -            5,080)                              Third parties
                                                                                                  Cross currency interest rate swap
       Kontrak cross currency interest rate swap                                                                        contracts
           Pihak berelasi                                    21.197               792)                             Related party
           Pihak ketiga                                      56.879            53.799)                              Third parties

       Kontrak interest rate swap                                                                       Interest rate swap contracts
           Pihak berelasi                                         -                 -)                              Related party
           Pihak ketiga                                           -                 -)                               Third parties
                                                             78.076            60.169)

                                                             49
Page 247
                                  PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

               CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
          (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


11. INSTRUMEN DERIVATIF (Lanjutan)                                                   11. DERIVATIVE INSTRUMENTS (Continued)

   Perusahaan        mengadakan        perjanjian-perjanjian                                The Company entered into derivative contracts to hedge
   derivatif untuk tujuan lindung nilai risiko fluktuasi arus                               the risks of fluctuations in cash flows arising from
   kas yang ditimbulkan oleh kurs mata uang dan tingkat                                     exchange rates and interest rates on its borrowings
   suku bunga atas pinjaman yang diterima dalam mata                                        denominated in foreign currencies which bear floating
   uang asing dengan tingkat suku bunga mengambang.                                         interest rates. The Company does not use derivative
   Perusahaan tidak menggunakan instrumen derivatif                                         instruments for speculative purpose.
   untuk tujuan spekulasi.

   Perubahan keuntungan (kerugian) kumulatif atas                                           The movement of the cumulative gains (losses) on
   instrumen derivatif untuk lindung nilai arus kas yang                                    derivative instruments for cash flow hedges which is an
   merupakan bagian efektif atas perubahan bersih                                           effective portion of the cumulative net change in the fair
   kumulatif nilai wajar arus kas instrumen lindung nilai                                   value of cash flows hedging instruments related to hedge
   terkait dengan transaksi lindung nilai yang belum                                        transactions that have not yet affected profit or loss was
   berdampak pada laba rugi adalah sebagai berikut:                                         as follows:

                                                                         31 Desember/December
                                                                         2023            2022

   Saldo pada awal tahun sebelum pajak penghasilan                                                                                   Balance at the beginning of year
      tangguhan                                                             (37.420)            (111.397)                             before deferred income tax
   Bagian efektif dari perubahan nilai wajar                                  8.005)              27.021)                   Effective portion of changes in fair value
   Jumlah yang ditransfer ke laba rugi                                      (10.880)              46.956)                    Net amount reclassified to profit or loss
   Total - sebelum pajak penghasilan tangguhan                              (40.295)             (37.420)                         Total - before deferred income tax
   Pajak penghasilan tangguhan (Catatan 31c)                                  8.865)               8.232)                            Deferred income tax (Note 31c)
   Saldo pada akhir tahun - bersih                                          (31.430)             (29.188)                           Balance at the end of year - net


   Lihat Catatan 34 untuk rincian saldo dan transaksi                                       Refer to Note 34 for details of balances and transactions
   dengan pihak berelasi.                                                                   with related parties.
   a. Kontrak cross-currency interest rate swap                                             a. Cross-currency interest rate swap contracts

      Pada tanggal 31 Desember 2023 dan 2022, jumlah                                           As of 31 December 2023 and 2022, the notional
      nosional dan tingkat suku bunga dari kontrak cross                                       amount of cross currency interest rate swap contracts
      currency interest rate swap adalah sebagai berikut:                                      was as follows:
                                                     Jumlah nosional (dalam mata uang
                                           Mata      asal)/ Notional amounts (in original      Tingkat suku bunga setahun (%)/
                                           uang/                  currency)                       Interest rate per annum (%)
                                          Currency      2023                2022                 2023                   2022

      Kontrak cross currency interest                                                                                                           Cross currency interest rate
        rate swap                                                                                                                                       swap contracts
                                                                                              3 bulan/month           3 bulan/month
                                                                                            SOFR compound            LIBOR + 1,45 -
                                                                                                    + 1,45%           3 bulan/month
                                                                                              3 bulan/month           LIBOR + 1,50
                                                                                              Term SOFR +              3 bulan/month
                                                                                                      1,50%      SOFR compound +
                                                                                              1M BTPN COF       1,45, 1M BTPN COF
         Yang akan diterima                 USD       121.818.658            120.933.150            +1,00%                     + 1,00                   To be received
                                                                                                                      3 bulan/month
                                                                                              3 bulan/month         DTIBOR + 0,85 -
                                                                                            DTIBOR + 0,85 –           3 bulan/month
                                            JPY      16.324.000.000        11.889.833.333    DTIBOR + 0,90           DTIBOR +0,90
         Yang akan dibayar                  IDR          3.633.832              3.137.844        5,73 - 9,45             5,73 - 9,49                         To be paid


      Tanggal jatuh tempo dari kontrak derivatif adalah                                       The maturity dates of derivative contracts were as
      sebagai berikut:                                                                        follows:
                                                                         2023                            2022

       Kontrak cross-currency interest rate swap              26 Februari/February 2024 –       16 Januari/January 2023 –      Cross-currency interest rate swap contracts
                                                                 12 Oktober/October 2027     21 Desember/December 2026




                                                                              50
Page 248
                                    PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

              CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
         (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


11. INSTRUMEN DERIVATIF (Lanjutan)                                               11. DERIVATIVE INSTRUMENTS (Continued)

   a. Kontrak cross-currency interest rate swap                                             a. Cross-currency interest rate swap contracts
      (Lanjutan)                                                                               (Continued)

      Pada tanggal 31 Desember 2023 dan 2022,                                                 As of 31 December 2023 and 2022, the Company held
      Perusahaan memiliki instrumen untuk melindungi                                          the following instruments to hedge exposures to
      eksposur terhadap perubahan tingkat suku bunga                                          changes in interest rates and foreign currencies.
      dan mata uang asing.
                                                    Tahun berakhir 31 Desember 2023/Year ended 31 December 2023
                                                                         Jatuh tempo/Maturity
                                         <1bulan/          1 – 3 bulan/     3 – 12 bulan/             1–3
                                          month              months            Months              tahun/years     > 3 tahun/years

      Kontrak cross currency interest                                                                                                                Cross currency interest
        swap                                                                                                                                              swap contracts
         - Nilai nosional dalam USD        4.186.710         10.150.770         33.791.059            66.808.353       6.881.766               - Notional amount in USD
         - Nilai nosional dalam JPY      275.000.000      1.319.833.334      4.059.166.666         9.731.000.000     939.000.000                - Notional amount in JPY
         - Nilai tukar rata - rata USD        14.805             14.831             14.774                14.959          15.300          - Average USD exchange rate
         - Nilai tukar rata - rata JPY        117,33             118,90             111,84                109,35          109,23           - Average JPY exchange rate
        - Rata - rata suku bunga tetap                                                                                                 - Average USD fixed interest rate
               USD                            7,28%               7,45%              7,29%                7,44%            7,68%
        - Rata - rata suku bunga tetap                                                                                                     - Average JPY fixed interest
              JPY                             8,27%               7,60%              7,81%                7,93%            7,81%                   rate

                                                    Tahun berakhir 31 Desember 2022/Year ended 31 December 2022
                                                                         Jatuh tempo/Maturity
                                         <1bulan/          1 – 3 bulan/     3 – 12 bulan/             1–3
                                          month              months            Months              tahun/years     > 3 tahun/years

      Kontrak cross currency interest                                                                                                                Cross currency interest
        swap                                                                                                                                              swap contracts
         - Nilai nosional dalam USD        6.241.722         10.089.153         36,369,366            56.860.233       11.372.676              - Notional amount in USD
         - Nilai nosional dalam JPY      168.750.000        937.833.333      2,907,250,000         5.676.000.000    2.200.000.000               - Notional amount in JPY
         - Nilai tukar rata - rata USD        14.458             14.633             14.636                14.663           15.274         - Average USD exchange rate
         - Nilai tukar rata - rata JPY        119,16             123,20             121,49                112,51           108,59          - Average JPY exchange rate
        - Rata - rata suku bunga tetap                                                                                                 - Average USD fixed interest rate
               USD                            7,65%               7,59%              7,39%                7,21%            7,76%
        - Rata - rata suku bunga tetap                                                                                                     - Average JPY fixed interest
              JPY                             8,55%               7,86%              7,69%                7,85%            8,00%                   rate




   b. Kontrak foreign currency option                                                       b. Foreign currency option contracts

      Pada tanggal 31 Desember 2022 jumlah nosional                                           As of 31 December 2022, the notional amount of
      dari kontrak foreign currency option adalah sebagai                                     foreign currency options contracts were as follows:
      berikut:

                                                                   USD                       JPY

      Jumlah nosional (dalam mata uang asal)                      8.787.500            1.953.876.000                           Notional amounts (in original currency)
      Harga eksekusi (rupiah penuh)                          13.747 – 14.415          125,50 – 135,10                                 Strike price (in full amount IDR)
      Rentang nilai tukar yang seluruhnya                                                                                             Range of fully hedge exchange
        dilindung nilai (rupiah penuh)                       16.800 – 17.200          155,00 – 158,00                                      rate (in full amount IDR)
      Rentang nilai tukar yang sebagian dilindung                                                                                             Range of partially hedge
        nilai (rupiah penuh)                              >16.800 – >17.200       >155,00 – >158,00                             exchange rate (in full amount IDR)
                                                                  28 Maret/               15 Maret/
                                                               March 2023 –           March 2023 –
                                                              27 Desember/            27 Desember/
      Tanggal jatuh tempo                                   December 2023           December 2023                                                            Maturity date




                                                                           51
Page 249
                                PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

              CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
         (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


11. INSTRUMEN DERIVATIF (Lanjutan)                                          11. DERIVATIVE INSTRUMENTS (Continued)
   c. Kontrak interest rate swap                                                   c. Interest rate swap contracts

      Perusahaan mengadakan perjanjian-perjanjian                                    The Company entered into interest rate swap contracts
      interest rate swap dengan tujuan lindung nilai risiko                          to hedge risks of fluctuations in cash flows arising from
      fluktuasi arus kas yang ditimbulkan oleh tingkat                               interest rates on its borrowings which bear floating
      suku bunga atas pinjaman yang diterima dengan                                  interest rates.
      tingkat suku bunga mengambang.

      Pada tanggal 31 Desember 2023, Perusahaan tidak                                As of 31 December 2023, the Company does not have
      memiliki kontrak interest rate swap.                                           interest swap contracts.

      Pada tanggal 31 Desember 2022, rincian kontrak                                 As of 31 December 2022, the details of the interest rate
      interest rate swap adalah sebagai berikut:                                     swap contracts were as follows:
                                                                            2022

      Jumlah nosional (dalam mata uang asal)                                   USD 8.787.500                        Notional amounts (in original currency)

                                                                        28 Maret/March 2023 –
      Tanggal jatuh tempo                                         27 Desember/December 2023                                                  Maturity date


      Pada tanggal 31 Desember 2022, Perusahaan                                      As of 31 December 2022, the Company held the
      memiliki instrumen untuk melindungi eksposur                                   following instruments to hedge exposures to changes
      terhadap perubahan tingkat suku bunga dan mata                                 in interest rates and foreign currencies.
      uang asing.


                                             Tahun berakhir 31 Desember 2022/Year ended 31 December 2022
                                                                   Jatuh tempo/Maturity
                                          <1 bulan/          1 – 3 bulan/       3 – 12 bulan/    1 – 3 tahun/
                                           month               months              months            years
      Kontrak interest rate
           swap                                                                                                            Interest rate swap contracts
      - Nilai nosional dalam
           USD                                 600.000          3.150.000            5.037.500                  -             - Notional amount in USD
      - Nilai tukar rata – rata
           USD                                  13.747             14.082               14.053                  -       - Average USD exchange rate
      - Rata – rata suku bunga                                                                                            - Average USD fixed interest
           tetap USD                             4,19%             3,48%                3,35%                   -                              rate




                                                                     52
Page 250
                           PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

                CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
           (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


12. ASET TETAP                                                   12. FIXED ASSETS

                                 31 Desember/                                       31 Desember/
                                  December       Penambahan/      Pengurangan/       December
                                     2022          Additions       Deductions           2023

   Harga perolehan:                                                                                                     Acquisition cost:
     Tanah                                  68              -)                                 68)                               Land
     Bangunan                            1.019                                 -)           1.019)                          Buildings
     Renovasi gedung                    37.970          3.679)                 -)          41.649)           Leasehold improvements
     Perabot kantor                      8.424            384)               (50)           8.758)                    Office furniture
     Peralatan kantor                   76.368          1.351)            (1.047)          76.672)                  Office equipment
     Kendaraan                           9.547              -)            (5.773)           3.774)                            Vehicle
     Aset hak guna                      75.559         30.719)                 -)         106.278)                Right-of-use assets
                                       208.955         36.133)            (6.870)         238.218)

   Akumulasi penyusutan:                                                                                      Accumulated depreciation:
     Bangunan                          (1.019)              -)                -)           (1.019)                          Buildings
     Renovasi gedung                  (33.286)         (2.965)                -)          (36.251)           Leasehold improvements
     Perabot kantor                    (8.113)           (192)               50)           (8.255)                    Office furniture
     Peralatan kantor                 (69.631)         (3.897)            1.045)          (72.483)                  Office equipment
     Kendaraan                         (7.974)         (1.029)            5.562)           (3.441)                            Vehicle
     Aset hak guna                    (48.284)        (16.297)                -)          (64.581)                Right-of-use assets
                                     (168.307)        (24.380)            6.657)         (186.030)

   Nilai buku bersih                    40.648                                             52.188)
                                                                                                                         Net book value

                                 31 Desember/                                       31 Desember/
                                  December       Penambahan/      Pengurangan/       December
                                     2021          Additions       Deductions           2022

   Harga perolehan:                                                                                                     Acquisition cost:
     Tanah                                 68)              -                  -)              68                                Land
     Bangunan                           1.019)              -                  -)           1.019                           Buildings
     Renovasi gedung                   36.831)          1.139                  -)          37.970            Leasehold improvements
     Perabot kantor                     8.319)            152                (47)           8.424                     Office furniture
     Peralatan kantor                  74.971)          2.160               (763)          76.368                   Office equipment
     Kendaraan                         19.148)              -             (9.601)           9.547                             Vehicle
     Aset hak guna                     65.936)          9.623                  -)          75.559                 Right-of-use assets
                                      206.292)         13.074            (10.411)         208.955

   Akumulasi penyusutan:                                                                                      Accumulated depreciation:
     Bangunan                            (972)            (47)                 -)          (1.019)                          Buildings
     Renovasi gedung                  (29.830)         (3.456)                 -)         (33.286)           Leasehold improvements
     Perabot kantor                    (7.899)           (261)               47)           (8.113)                    Office furniture
     Peralatan kantor                 (65.533)         (4.861)              763)          (69.631)                  Office equipment
     Kendaraan                        (14.882)         (2.534)            9.442)           (7.974)                            Vehicle
     Aset hak guna                    (33.111)        (15.173)                -)          (48.284)                Right-of-use assets
                                     (152.227)        (26.332)           10.252)         (168.307)

   Nilai buku bersih                   54.065)                                             40.648
                                                                                                                         Net book value



   Seluruh aset tetap Perusahaan          merupakan     aset          All of the Company’s fixed asset are direct ownership
   kepemilikan langsung.                                              assets.

   Beban penyusutan untuk tahun yang berakhir pada                    Depreciation expense for the years ended 31 December
   tanggal 31 Desember 2023 dan 2022 masing-masing                    2023 and 2022 amounting to Rp 24,380 and Rp 26,332,
   sebesar Rp 24.380 dan Rp 26.332 dibebankan pada                    respectively, was charged to general and administrative
   beban umum dan administrasi (lihat Catatan 29).                    expenses (see Note 29).

   Selama tahun yang berakhir pada tanggal 31 Desember                During the years ended 31 December 2023 and 2022,
   2023 dan 2022, Perusahaan menjual aset tetap dengan                the Company sold fixed assets with proceeds from sale
   hasil penjualan masing-masing sebesar Rp 5.035                     of fixed assets amounting to Rp 5,035 and Rp 6,165,
   Rp 6.165. Untuk tahun yang berakhir pada tanggal 31                respectively. For the years ended 31 December 2023
   Desember 2023 dan 2022, Perusahaan membukukan                      and 2022, the Company recognized net gains on
   keuntungan bersih atas pelepasan aset tetap masing-                disposal of fixed assets amounting to Rp 4,822 and
   masing sebesar Rp 4.822 dan Rp 6.006, yang diakui                  Rp 6,006, respectively, which were recognized in profit or
   dalam laba rugi.                                                   loss.

   Pada tanggal 31 Desember 2023 dan 2022, aset tetap                 As of 31 December 2023 and 2022, fixed assets with
   dengan harga perolehan masing-masing sebesar                       acquisition cost amounting to Rp 104,533 and Rp 88,155,
   Rp 104.533 dan Rp 88.155 telah disusutkan penuh dan                respectively, have been fully depreciated and are still
   masih digunakan oleh Perusahaan.                                   being used by the Company.




                                                            53
Page 251
                                 PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

               CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
          (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


12. ASET TETAP (Lanjutan)                                                  12. FIXED ASSETS (Continued)

   Pada tanggal 31 Desember 2023 dan 2022, Perusahaan                           As of 31 December 2023 and 2022, the Company did not
   tidak memiliki aset tetap yang dijadikan jaminan.                            have any fixed assets pledged as collateral.

   Manajemen berpendapat tidak terdapat indikasi                                Management was of the view that there was no indication
   penurunan nilai atas aset tetap yang dimiliki Perusahaan                     of impairment in the value of fixed assets owned by the
   pada tanggal 31 Desember 2023 dan 2022.                                      Company as of 31 December 2023 and 2022.

   Pada tanggal 31 Desember 2023 dan 2022, Perusahaan                           As of 31 December 2023 and 2022, the Company did not
   tidak mempunyai utang atas pembelian aset tetap, kecuali                     have any payables from purchases of fixed assets,
   atas aset hak guna.                                                          except for right-of-use assets.

   Pada tanggal 31 Desember 2023 dan 2022, seluruh aset                         As of 31 December 2023 and 2022, all of the Company’s
   tetap   Perusahaan     telah  diasuransikan    kepada                        fixed assets were insured with PT Asuransi Mitra
   PT Asuransi Mitra Pelindung Mustika yang merupakan                           Pelindung Mustika which is the Company’s related party
   pihak berelasi Perusahaan masing-masing sebesar                              amounting to Rp 62,103 and Rp 63.884, respectively.
   Rp 62.103 dan Rp 63.884. Manajemen berpendapat                               Management believes that the sum insured is adequate
   bahwa pertanggungan sudah memadai untuk menutupi                             to cover possible losses on the insured fixed assets.
   kemungkinan kerugian atas aset yang dipertanggungkan.


13. ASET TAKBERWUJUD                                                       13. INTANGIBLE ASSETS
                             31 Desember/                       31 Desember/                      31 Desember/
                              December         Penambahan/       December        Penambahan/       December
                                 2021            Additions          2022           Additions          2023
   Harga perolehan:                                                                                                           Acquisition cost:
     Perangkat lunak                71.584)          6.036)           77.620)            8.953)        86.573)                    Software

   Akumulasi amortisasi:                                                                                            Accumulated amortization:
     Perangkat lunak                (54.159)         (8.853)         (63.012)          (11.717)        (74.729))                 Software
   Nilai buku bersih                 17.425)                          14.608)                           11.844)                Net book value

   Beban amortisasi untuk tahun yang berakhir pada tanggal                      Amortization expense for the years ended 31 December
   31 Desember 2023 dan 2022 masing-masing sebesar                              2023 and 2022 amounting to Rp 11,717 and Rp 8,853,
   Rp 11.717 dan Rp 8.853 dibebankan pada beban umum                            respectively, was charged to general and administrative
   dan administrasi (lihat Catatan 29).                                         expense (see Note 29).


14. ASET LAIN-LAIN                                                         14. OTHER ASSETS
                                                               31 Desember/December
                                                               2023            2022

   Pihak ketiga                                                                                                                   Third parties
     Aset program (Catatan 30)                                     5.487           13.615                              Plan assets (Note 30)
     Simpanan jaminan                                              4.076            4.019                                  Security deposits
     Uang muka                                                     1.682            2.265                                Advance payments
     Provisi pinjaman                                              1.257           27.486                                Borrowing provision
     Lain-lain                                                        12               80                                            Others
                                                                  12.514           47.465

15. UTANG USAHA                                                            15. ACCOUNTS PAYABLE
                                                               31 Desember/December
                                                               2023            2022

   Pihak ketiga                                                                                                                   Third parties
      Dealer                                                      45.218           42.052                                           Dealers
      Asuransi                                                     9.358           10.475                                         Insurance
      Fidusia                                                      3.868            3.754                                            Fiducia
      Lain-lain                                                      513              513                                            Others
                                                                   58.957          56.794)
   Pihak berelasi                                                                                                               Related party
      Asuransi                                                        5                 19                                         Insurance
                                                                  58.962           56.813)
   Lihat Catatan 34 untuk rincian saldo utang usaha dengan                      Refer to Note 34 for details of balances of accounts payable
   pihak berelasi.                                                              with related parties.


                                                                   54
Page 252
                               PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

               CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
          (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


16. LIABILITAS LAIN-LAIN                                            16. OTHER LIABILITIES
                                                        31 Desember/December
                                                        2023            2022

    Pihak ketiga                                                                                                            Third parties
       Titipan konsumen                                     36.888          36.751                                   Customer deposits
       Liabilitas sewa                                      21.452          10.108                                      Lease liabilities
       Lain-lain                                                 5             624                                               Others
                                                            58.345          47.483




17. BEBAN YANG MASIH HARUS DIBAYAR                                  17. ACCRUED EXPENSES

                                                        31 Desember/December
                                                        2023            2022
    Pihak ketiga                                                                                                             Third parties
       Biaya promosi                                      27.284)         33.500                                            Promotions
       Kompensasi karyawan                                 3.837)         15.367                              Employee compensation
       Sewa perlengkapan kantor dan mobil                  1.290)          2.018                          Rent office supplies and car
       Outsourcing                                         1.073)            978                                           Outsourcing
       Telepon, listrik, kirim dan cetakan                   991)          1.444            Telephone, electricity, postage and printing
       Internet                                              174)            181                                                Internet
       Konsultan                                             101)            183                                             Consultant
       Lain-lain                                             772)          2.830                                                 Others
                                                          35.522)         56.501
    Pihak berelasi                                                                                                      Related parties
       Kompensasi karyawan                                 3.586)           3.634                             Employee compensation
                                                           3.586)           3.634

                                                          39.108)         60.135

   Lihat Catatan 34 untuk rincian saldo beban yang masih harus          Refer to Note 34 for details of balances of accrued expenses
   dibayar dengan pihak berelasi.                                       with related parties.




                                                             55
Page 253
                             PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

               CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
         (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


18. PINJAMAN YANG DITERIMA                                          18. BORROWINGS
                                                       31 Desember/December
                                                       2023            2022

    Rupiah                                                                                                                 Rupiah
     PT Bank Mandiri (Persero)Tbk (a)                   432.022           29.871              PT Bank Mandiri (Persero) Tbk (a)
     PT Bank Central Asia Tbk (b)                       247.084          496.531                  PT Bank Central Asia Tbk (b)
     PT Bank Danamon Indonesia Tbk (c)                  234.511          400.905            PT Bank Danamon Indonesia Tbk (c)
     PT Bank Permata Tbk (d)                             85.647          202.033                      PT Bank Permata Tbk (d)
     PT Bank CIMB Niaga Tbk (e)                          83.810          150.630                   PT Bank CIMB Niaga Tbk (e)
     PT Bank Mizuho Indonesia (f)                        74.051          111.655                  PT Bank Mizuho Indonesia (f)
     PT Bank KEB Hana Indonesia (g)                      70.141          116.694               PT Bank KEB Hana Indonesia (g)
     MUFG Bank, Ltd., Cabang Jakarta (h)                 50.027           12.694            MUFG Bank, Ltd., Jakarta Branch (h)
     PT Bank JTrust Indonesia Tbk (i)                    25.061           91.749               PT Bank JTrust Indonesia Tbk (i)
     PT Bank Shinhan Indonesia (j)                       20.986           37.714                 PT Bank Shinhan Indonesia (j)
     PT Bank BTPN Tbk (k)                                      -)         14.521                          PT Bank BTPN Tbk (k)
                                                       1.323.340       1.664.997

    Dolar Amerika Serikat                                                                                                   US Dollar
     Pinjaman sindikasi yang dikoordinasi oleh MUFG                                       Syndicated loan coordinated by MUFG
         Bank Ltd. dan Mizuho Bank Ltd. (l)            1.200.215        753.145               Bank, Ltd. and Mizuho Bank Ltd. (l)
     MUFG Bank, Ltd., Cabang Jakarta (h)                 277.315        415.977            MUFG Bank, Ltd., Jakarta Branch (h)
     PT Bank Permata Tbk (d)                             175.103              -                         PT Bank Permata Tbk (d)
     PT Bank BTPN Tbk (k)                                 87.505        139.094                           PT Bank BTPN Tbk (k)
     Pinjaman sindikasi yang dikoordinasi oleh MUFG                                 Syndicated loan coordinated by MUFG Bank,
         Bank Ltd. dan Mizuho Bank Ltd. (m)              86.351         512.058                   Ltd., and Mizuho Bank Ltd. (m)
     PT Bank Mizuho Indonesia (f)                        49.714          99.962                    PT Bank Mizuho Indonesia (f)
     Pinjaman sindikasi yang dikoordinasi oleh MUFG                                       Syndicated loan coordinated by MUFG
          Bank Ltd., Mizuho Bank Ltd. dan Oversea-                                 Bank, Ltd., Mizuho Bank Ltd., and Oversea-
          Chinese Banking Corporation Limited (n)              -         84.158       Chinese Banking Corporation Limited (n)
     Metropolitan Bank and Trust Company, Cabang                                   Metropolitan Bank and Trust Company, Tokyo
          Tokyo (o)                                            -          29.048                                      Branch (o)
     PT Bank Resona Perdania (p)                               -           7.596                   PT Bank Resona Perdania (p)
                                                       1.876.203       2.041.038

    Yen Jepang                                                                                                        Japanese Yen
     Pinjaman sindikasi yang dikoordinasi oleh MUFG                                       Syndicated loan coordinated by MUFG
         Bank, Ltd. dan Mizuho Bank Ltd. (l)           1.705.430       1.149.142           Bank Ltd. and Mizuho Bank Ltd. (l)

     Pinjaman sindikasi yang dikoordinasi oleh MUFG                                  Syndicated loan coordinated by MUFG Bank,
         Bank Ltd. dan Mizuho Bank Ltd. (m)              68.008         433.040                 Ltd., and Mizuho Bank Ltd. (m)

      Pinjaman sindikasi yang dikoordinasi oleh MUFG                                      Syndicated loan coordinated by MUFG
         Bank Ltd., Mizuho Bank Ltd. dan Oversea-                                  Bank, Ltd., Mizuho Bank Ltd., and Oversea-
         Chinese Banking Corporation Limited (n)               -          45.274     Chinese Banking Corporation Limited (n)
                                                       1.773.438       1.627.456

     Jumlah                                            4.972.981       5.333.491                                        Total




                                                          56
Page 254
                                                                         PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

                                                          CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
                                                    (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


18. PINJAMAN YANG DITERIMA (Lanjutan)                                                                                                  18.      BORROWINGS (Continued)
   Pada tanggal 31 Desember 2023 dan 2022, jumlah pinjaman yang diterima adalah sebagai berikut:                                                As of 31 December 2023 and 2022, the outstanding borrowings were as follows:
                                                                                                                                                                                                                                Pembayaran untuk Fasilitas-
                                                                         Jumlah fasilitas / Facility amount                                                                                                                      Fasilitas Jangka Panjang/
                                                                            31 Desember / December                                                                                                                               Repayment for Long Term
     No.                    Pemberi Pinjaman / Lender                      2023                     2022                                     Jaminan / Collateral                                  Jatuh Tempo / Maturity                 Facilities*

      a      PT Bank Mandiri (Persero) Tbk                         IDR         500.000      IDR      500.000       Piutang pembiayaan (lihat Catatan 7)/Financing receivables (see Note 7)    26 Agustus 2026/August 2026 -   2023: IDR 76.766
                                                                                                                                                                                              16 Oktober/October 2026

      b      PT Bank Central Asia Tbk                              IDR         520.000      IDR      870.000       Piutang pembiayaan (lihat Catatan 7) dan Piutang sewa pembiayaan           14 Maret/March 2025 –           2023: IDR 278.581
                                                                                                                   (lihat Catatan 8)/ Financing receivables (see Note 7) and Finance lease    28 Oktober/October 2025         2022: IDR 253.217
                                                                                                                   receivables (see Note 8)


      c      PT Bank Danamon Indonesia Tbk                         IDR         500.000      IDR      500.000       Piutang pembiayaan (lihat Catatan 7) dan Piutang sewa pembiayaan           25 April/April 2025 –           2023: IDR 191.140
                                                                                                                   (lihat Catatan 8)/ Financing receivables (see Note 7) and Finance lease    23 Juni/June 2025               2022: IDR 477.109
                                                                                                                   receivables (see Note 8)
                                                                   IDR         250.000      IDR      250.000       Tidak dijamin oleh apapun/ Unsecured


      d      PT Bank Permata Tbk                                   IDR         550.000      IDR      550.000       Piutang pembiayaan (lihat Catatan 7)/ Financing receivables (see Note 7)   25 Maret/March 2024 –           2023: IDR 187.484
                                                                                                                                                                                              12 Oktober/October 2026         2022: IDR 251.657

                                                                   IDR         105.000      IDR      105.000       Tidak dijamin oleh apapun/ Unsecured


      e      PT Bank CIMB Niaga Tbk                                IDR         100.000      IDR      100.000       Tidak dijamin oleh apapun/ Unsecured                                       21 Februari/February 2025       2023: IDR 125.594
                                                                                                                                                                                                                              2022: IDR 162.283
                                                                   IDR         200.000      IDR      200.000       Piutang pembiayaan (lihat Catatan 7) dan Piutang sewa pembiayaan
                                                                                                                   (lihat Catatan 8)/ Financing receivables (see Note 7) and Finance lease
                                                                                                                   receivables (see Note 8)

      f      PT Bank Mizuho Indonesia                              IDR       400.000**      IDR       400.000**    Tidak dijamin oleh apapun/Unsecured                                        23 Mei/May 2025 –               2023: USD 944.175 dan/and IDR
                                                                                                                                                                                              24 Desember/December 2025       162.048
                                                                                                                                                                                                                              2022: USD 1.034.375 dan/and
                                                                                                                                                                                                                              IDR 960.199

      g      PT Bank KEB Hana Indonesia                            IDR         140.000      IDR      140.000       Piutang pembiayaan (lihat Catatan 7)/ Financing receivables (see Note      9 Juni/June 2025                2023: IDR 53.427
                                                                                                                   7)                                                                                                         2022: IDR 28.318



      h      MUFG Bank, Ltd., Cabang Jakarta/Jakarta Branch        IDR        700.000**     IDR      900.000**     Tidak dijamin oleh apapun/ Unsecured                                       7 November/November 2025 -      2023: IDR 158.623
                                                                                                                                                                                              23 Januari/January 2026         2022: IDR 1.091.518


      i      PT Bank JTrust Indonesia Tbk.                         IDR         200.000      IDR       200.000      Piutang pembiayaan (lihat Catatan 7) dan Piutang sewa pembiayaan           27 April/April 2024 –           2023: IDR 71.620
                                                                                                                   (lihat Catatan 8)/ Financing receivables (see Note 7) and Finance lease    17 Mei/May 2024                 2022: IDR 77.708
                                                                                                                   receivables (see Note 8)


      j      PT Bank Shinhan Indonesia                             IDR            50.000    IDR         50.000     Piutang pembiayaan (lihat Catatan 7)/ Financing receivables (see Note 7)   17 Februari/February 2025       2023: IDR 19.042
                                                                                                                                                                                                                              2022: IDR 15.104


    * Fasilitas USD/JPY dalam nilai penuh/USD/JPY facility in full amount
    ** Fasilitas ini diberikan dalam bentuk mata uang USD/IDR/This facility is provided in USD/IDR



                                                                                                              57
Page 255
                                                                        PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

                                                            CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
                                                      (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


18. PINJAMAN YANG DITERIMA (Lanjutan)                                                                                                 18.     BORROWINGS (Continued)
                                                                                                                                                                                                                     Pembayaran untuk Fasilitas-
                                                                        Jumlah fasilitas/Facility amount                                                                                                              Fasilitas Jangka Panjang/
                                                                          31 Desember/ December                                                                                                                        Repayment for Long Term
    No.                   Pemberi Pinjaman / Lender                     2023                     2022                                       Jaminan /Collateral                              Jatuh Tempo /Maturity           Facilities*

     k     PT Bank BTPN Tbk                                               250.000** IDR                 250.000**   Piutang pembiayaan (lihat Catatan 7) dan Piutang sewa pembiayaan    25 April/April 2025 -        2023: IDR 69.957
                                                                                                                    (lihat Catatan 8)/ Financing receivables (see Note 7) and Finance   16 Desember/December 2025    2022: IDR 65.716
                                                                                                                    lease receivables (see Note 8)


     l     Pinjaman sindikasi yang dikoordinasi oleh/Syndicated loan      100.000.000 USD          100.000.000      Piutang pembiayaan (lihat Catatan 7) dan Piutang sewa pembiayaan    21 Juli/July 2026 –          2023: IDR 974.272
           coordinated by MUFG Bank, Ltd. dan/and Mizuho Bank Ltd.     20.112.000.000 JPY       20.112.000.000      (lihat Catatan 8)/ Financing receivables (see Note 7) and Finance   28 Juni /June 2027           2022: IDR 75.924
                                                                                                                    lease receivables (see Note 8)



     m     Pinjaman Sindikasi yang koordinasi oleh/Syndicated loan        125.000.000 USD          125.000.000      Piutang pembiayaan (lihat Catatan 7) dan Piutang sewa pembiayaan    26 Maret/March 2024 –        2023: USD 7.201.033
           coordinated by MUFG Bank, Ltd. dan/and Mizuho Bank Ltd.     13.988.750.000 JPY       13.988.750.000      (lihat Catatan 8)/ Financing receivables (see Note 7) and Finance   24 Mei/May 2024              JPY 1.715.591.952 dan/and
                                                                                                                    lease receivables (see Note 8)                                                                   IDR 522.131
                                                                                                                                                                                                                     2022: USD 10.384.419
                                                                                                                                                                                                                     JPY 2.206.017.935 dan/and
                                                                                                                                                                                                                     IDR 564.824


     n     Pinjaman sindikasi yang dikoordinasi oleh/Syndicated loan                 -    USD    199.800.000        Piutang pembiayaan (lihat Catatan 7) dan Piutang sewa pembiayaan    18 April/April 2023          2023: USD -
           coordinated by MUFG Bank, Ltd., Mizuho Bank Ltd.                               JPY 14.311.008.000        (lihat Catatan 8)/ Financing receivables (see Note 7) and Finance                                JPY 164.834.924 dan/and
           dan/and Overseas – Chinese Banking Corporation Limited                                                   lease receivables (see Note 8)                                                                   IDR 96.545
                                                                                                                                                                                                                     2022: USD 22.456.907,
                                                                                                                                                                                                                     JPY 2.030.125.329 dan/and
                                                                                                                                                                                                                     IDR 564.824


     o     Metropolitan Bank and Trust Company, Cabang                               -    USD       25.000.000      Piutang pembiayaan (lihat Catatan 7) dan Piutang sewa pembiayaan    13 April/April 2023          2023: USD 1.891.971
           Tokyo/Tokyo Branch                                                                                       (lihat Catatan 8)/ Financing receivables (see Note 7) and Finance                                2022: USD 5.144.303
                                                                                                                    lease receivables (see Note 8)


     p     PT Bank Resona Perdania                                                   - USD            7.000.000     Piutang sewa pembiayaan (lihat Catatan 8)/ Financing lease          25 April/April 2023          2023: USD 492.711
                                                                                                                    receivables (see Note 8)                                                                         2022: USD 2.017.845 dan/and
                                                                                         IDR                    -                                                                                                    IDR 11.612




    * Fasilitas USD/JPY dalam nilai penuh/USD/JPY facility in full amount
    ** Fasilitas ini diberikan dalam bentuk mata uang USD/IDR/This facility is provided in USD/IDR




                                                                                                           58
Page 256
                                     PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

                 CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
           (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


18. PINJAMAN YANG DITERIMA (Lanjutan)                                                 18. BORROWINGS (Continued)

   Pada tanggal 31 Desember 2023 dan 2022, Perusahaan                                        As of 31 December 2023 and 2022, the Company had
   mempunyai pinjaman sindikasi sebagai berikut:                                             syndicated loans as follows:

                                                                                Jumlah terutang/Outstanding amount             Jumlah fasilitas/Facility amount*
                                                                                     31 Desember/December                         31 Desember/December
                                                                                   2023                   2022                 2023                        2022
    Pinjaman sindikasi yang dikoordinasi oleh/Syndicated loan
       coordinated by MUFG Bank, Ltd. and Mizuho Bank Ltd. (l)
         Sumitomo Mitsui Trust Bank, Limited, Cabang Singapura/
            Singapore Branch                                              IDR          241.234)    IDR       151.048)    USD      20.000.000     USD          20.000.000
         The Gunma Bank, Ltd                                              IDR          180.926)    IDR       113.286)    USD      15.000.000     USD          15.000.000
         Metropolitan Bank & Trust Company, Cabang Tokyo/Tokyo
            Branch                                                        IDR          180.926)    IDR       113.286)    USD      15.000.000     USD          15.000.000
         Shinsei Bank, Limited                                            IDR          144.741)    IDR        90.629)    USD      12.000.000     USD          12.000.000
         PT Bank BTPN Tbk                                                 IDR          138.710)    IDR        86.852)    USD      11.500.000     USD          11.500.000
         Mega International Commercial Bank Co., Ltd., Cabang
            Singapura/ Singapore Branch                                   IDR          114.586)    IDR         71.747)   USD        9.500.000    USD           9.500.000
         First Commercial Bank, Ltd. Cabang Singapura/ Singapore
            Branch                                                        IDR            84.432)   IDR         52.867)   USD        7.000.000    USD           7.000.000
         Land Bank of Taiwan, Cabang Singapura/ Singapore Branch          IDR            60.309)   IDR         37.762)   USD        5.000.000    USD           5.000.000
         Chang Hwa Commercial Bank, Ltd., Cabang Singapura/
         Singapore Branch                                                 IDR            60.309)   IDR         37.762)   USD        5.000.000    USD           5.000.000
       Jumlah biaya up-front fees yang ditangguhkan/ Total deferred up-
         front fees                                                       IDR           (13.248)   IDR        (8.532)                      -                          -
       Jumlah bunga akrual/Total accrued interest                         IDR             7.290)   IDR         6.438)                      -                          -
   Jumlah/Total                                                           IDR         1.200.215)   IDR       753.145)    USD     100.000.000      USD       100.000.000

    Pinjaman sindikasi yang dikoordinasi oleh/Syndicated loan
       coordinated by MUFG Bank, Ltd., Mizuho Bank Ltd. (m)
         Mizuho Bank, Ltd., Cabang Singapura/Singapore Branch             IDR            11.108)   IDR        65.836)    USD      16.000.000     USD          16.000.000
         Fuyo General Lease (Asia) Pte. Ltd.                              IDR            11.108)   IDR        65.836)    USD      16.000.000     USD          16.000.000
         Metropolitan Bank & Trust Company, Cabang Tokyo/Tokyo
            Branch                                                        IDR            11.108)   IDR        65.836)    USD      16.000.000     USD          16.000.000
         Shinsei Bank, Limited                                            IDR            11.108)   IDR        65.836)    USD      16.000.000     USD          16.000.000
         Taishin International Bank Co., Ltd., Cabang Tokyo/ Tokyo
            Branch                                                        IDR             9.025)   IDR        53.491)    USD      13.000.000     USD          13.000.000
         Mitsubishi HC Capital (Singapore) Pte. Ltd.                      IDR             9.025)   IDR        53.491)    USD      13.000.000     USD          13.000.000
         The Gunma Bank, Ltd.                                             IDR             6.942)   IDR        41.147)    USD      10.000.000     USD          10.000.000
         The Korea Development Bank, Cabang Singapura/Singapore
            Branch                                                        IDR             6.942)   IDR        41.147)    USD      10.000.000     USD          10.000.000
         Taiwan Cooperative Bank, Cabang Manila Offshore
              Banking/Manila Brach                                        IDR             6.942)   IDR        41.147)    USD      10.000.000     USD          10.000.000
         Chang Hwa Commercial Bank Ltd., Cabang
              Singapura/Singapore Branch                                  IDR             3.471)   IDR        20.574)    USD        5.000.000    USD           5.000.000
       Jumlah biaya up-front fees yang ditangguhkan/Total deferred up-
         front fees                                                       IDR              (953)   IDR        (5.810)                      -                          -
       Jumlah bunga akrual/Total accrued interest                         IDR               525)   IDR         3.527)                      -                          -
   Jumlah/Total                                                           IDR            86.351)   IDR       512.058)    USD     125.000.000     USD        125.000.000



   Pinjaman sindikasi yang dikoordinasi oleh/Syndicated loan
      coordinated by MUFG Bank, Ltd., Mizuho Bank Ltd. dan/and
      Oversea-Chinese Banking Corporation Limited (n)
        PT Bank Mizuho Indonesia                                          IDR                  -   IDR          8.447)   USD      20.000.000     USD          20.000.000
        Overseas-Chinese Banking Corporation Limited                      IDR                  -   IDR          8.447)   USD      20.000.000     USD          20.000.000
        Security Bank Corporation                                         IDR                  -   IDR          6.758)   USD      16.000.000     USD          16.000.000
        MUFG Bank Ltd., Cabang Jakarta/Jakarta Branch                     IDR                  -   IDR          6.336)   USD      15.000.000     USD          15.000.000
        Mitsubishi HC Capital Singapore Pte. Ltd.                         IDR                  -   IDR          6.125)   USD      14.500.000     USD          14.500.000
        First Commercial Bank, Ltd., Cabang Singapura/Singapore
           Branch                                                         IDR                  -   IDR          5.069)   USD      12.000.000     USD          12.000.000
        Fuyo General Lease (Asia) Pte. Ltd.                               IDR                  -   IDR          4.646)   USD      11.000.000     USD          11.000.000
        PT Bank ClMB Niaga Tbk                                            IDR                  -   IDR          4.224)   USD      10.000.000     USD          10.000.000
        Mega International Commercial Bank Co., Ltd., Cabang
           Singapura/ Singapore Branch                                    IDR                  -   IDR          4.224)   USD      10.000.000     USD          10.000.000
        Land Bank of Taiwan, Cabang Singapura/Singapore Branch            IDR                  -   IDR          4.139)   USD       9.800.000     USD           9.800.000
        Bank of China (Hong Kong) Limited, Cabang Jakarta/Jakarta
           Branch                                                         IDR                  -   IDR          3.379)   USD        8.000.000    USD           8.000.000
        PT Bank CTBC Indonesia                                            IDR                  -   IDR          3.379)   USD        8.000.000    USD           8.000.000
        Taishin International Bank Co., Ltd., Cabang Tokyo/Tokyo
           Branch                                                         IDR                  -   IDR          3.379)   USD        8.000.000    USD           8.000.000
        The Hyakugo Bank, Ltd.                                            IDR                  -   IDR          3.379)   USD        8.000.000    USD           8.000.000
        Shinhan Bank Japan                                                IDR                  -   IDR          2.957)   USD        7.000.000    USD           7.000.000
        Taiwan Cooperative Bank, Cabang Manila Offshore
           Banking/Manila Offshore Banking Branch                         IDR                  -   IDR          2.112)   USD        5.000.000    USD           5.000.000
        Bank of Taiwan, Cabang Singapura/Singapore Branch                 IDR                  -   IDR          2.112)   USD        5.000.000    USD           5.000.000
        Chang Hwa Commercial Bank Ltd., Cabang
           Singapura/Singapore Branch                                     IDR                  -   IDR          2.112)   USD        5.000.000    USD           5.000.000
        The Hokkoku Bank, Ltd., Cabang Singapura/Singapore Branch         IDR                  -   IDR          1.901)   USD        4.500.000    USD           4.500.000
        PT Bank SBI Indonesia                                             IDR                  -   IDR          1.267)   USD        3.000.000    USD           3.000.000
      Jumlah biaya up-front fees yang ditangguhkan/Total deferred up-
        front fees                                                        IDR                  -   IDR           (953)   USD               -     USD                  -
      Jumlah bunga akrual/Total accrued interest                          IDR                  -   IDR            719)   USD               -     USD                  -
   Jumlah/Total                                                           IDR                  -   IDR         84.158)   USD     199.800.000     USD        199.800.000

   * Fasilitas USD/JPY dalam nilai penuh/USD/JPY facility in full amount



                                                                            59
Page 257
                                    PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

                 CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
           (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


18. PINJAMAN YANG DITERIMA (Lanjutan)                                                18. BORROWINGS (Continued)

   Pada tanggal 31 Desember 2023 dan 2022, Perusahaan                                       As of 31 December 2023 and 2022, the Company had
   mempunyai pinjaman sindikasi sebagai berikut:                                            syndicated loans as follows:

                                                                               Jumlah terutang/Outstanding amount             Jumlah fasilitas/Facility amount*
                                                                                    31 Desember/December                         31 Desember/December
                                                                                  2023                   2022                 2023                        2022

   Pinjaman sindikasi yang dikoordinasi oleh/Syndicated loan
      coordinated by MUFG Bank, Ltd, Mizuho Bank Ltd. (l)
         MUFG Bank Ltd., Cabang Jakarta/ Jakarta Branch                  IDR          352.905)    IDR       237.357)    JPY    4.140.200.000     JPY      4.140.200.000
         The Norinchukin Bank, Cabang Singapura/Singapore Branch         IDR          352.905)    IDR       237.357)    JPY    4.140.200.000     JPY      4.140.200.000
         PT Bank Mizuho Indonesia                                        IDR          228.576)    IDR       153.736)    JPY    2.681.600.000     JPY      2.681.600.000
         Aozora Asia Pacific Finance Limited                             IDR          144.906)    IDR        97.461)    JPY    1.700.000.000     JPY      1.700.000.000
         NTT TC Leasing Co., Ltd                                         IDR          127.858)    IDR        85.995)    JPY    1.500.000.000     JPY      1.500.000.000
         The Dai-ichi Life Insurance Company, Limited                    IDR          102.286)    IDR        68.796)    JPY    1.200.000.000     JPY      1.200.000.000
         The Shizuoka Bank Limited Cabang Singapura/ Singapore
           Branch                                                        IDR          102.286)    IDR        68.796)    JPY    1.200.000.000     JPY      1.200.000.000
         Taishin International Bank Co., Ltd., Cabang Tokyo/ Tokyo
           Branch                                                        IDR          102.286)    IDR        68.796)    JPY    1.200.000.000     JPY      1.200.000.000
         Fuyo General Lease (Asia) Pte. Ltd.                             IDR           85.239)    IDR        57.330)    JPY    1.000.000.000     JPY      1.000.000.000
         The Hyakugo Bank, Ltd.                                          IDR           72.453)    IDR        48.730)    JPY      850.000.000     JPY        850.000.000
         The Nanto Bank, Ltd.                                            IDR           42.619)    IDR        28.665)    JPY      500.000.000     JPY        500.000.000
      Jumlah biaya up-front fees yang ditangguhkan/Total deferred up-
        front fees                                                       IDR           (19.155) IDR          (11.485)                      -                          -
      Jumlah bunga akrual/Total accrued interest                         IDR            10.266) IDR            7.608)                      -                          -
   Jumlah/Total                                                          IDR         1.705.430) IDR        1.149.142)   JPY   20.112.000.000     JPY     20.112.000.000

    Pinjaman sindikasi yang dikoordinasi oleh/Syndicated loan
       coordinated by MUFG Bank, Ltd., Mizuho Bank, Ltd. (m)
         The Norinchukin Bank, Cabang Singapura/Singapore Branch         IDR            19.265)   IDR       122.449)    JPY    3.360.000.000     JPY      3.360.000.000
         Aozora Asia Pacific Finance Limited                             IDR             9.767)   IDR        62.077)    JPY    2.000.000.000     JPY      2.000.000.000
         Sumitomo Mitsui Trust Bank, Limited, Cabang
              Singapura/Singapore Branch                                 IDR             8.204)   IDR        52.145)    JPY    1.680.000.000     JPY      1.680.000.000
         MUFG Bank, Ltd., Cabang Jakarta/Jakarta Branch                  IDR             7.509)   IDR        47.728)    JPY    2.122.780.000     JPY      2.122.780.000
         Daido Life Insurance Company                                    IDR             4.884)   IDR        31.039)    JPY    1.000.000.000     JPY      1.000.000.000
         Fukoku Mutual Life Insurance Company                            IDR             4.884)   IDR        31.039)    JPY    1.000.000.000     JPY      1.000.000.000
         Lotte Financial Corporation                                     IDR             4.884)   IDR        31.039)    JPY    1.000.000.000     JPY      1.000.000.000
         The Dai-ichi Life Insurance Company, Limited                    IDR             2.442)   IDR        15.519)    JPY      500.000.000     JPY        500.000.000
         The Highashi-Nippon Bank, Limited                               IDR             2.442)   IDR        15.519)    JPY      500.000.000     JPY        500.000.000
         The Juroku Bank, Ltd.                                           IDR             2.442)   IDR        15.519)    JPY      500.000.000     JPY        500.000.000
         Mizuho Bank, Ltd., Cabang Singapura/Singapore Branch            IDR             1.640)   IDR        10.428)    JPY      335,960,000     JPY        335,960,000
       Jumlah biaya up-front fees yang ditangguhkan/Total deferred up-
         front fees                                                      IDR              (764) IDR          (4.328)                       -                          -
       Jumlah bunga akrual/Total accrued interest                        IDR               409) IDR           2.867)                       -                          -
   Jumlah/Total                                                          IDR            68.008) IDR         433.040)    JPY   13.998.740.000     JPY     13.998.740.000

   Pinjaman sindikasi yang dikoordinasi oleh/Syndicated loan
      coordinated by MUFG Bank, Ltd., Mizuho Bank Ltd. dan/and
      Oversea-Chinese Banking Corporation Limited (n)
        Aozora Asia Pacific Finance Limited                              IDR                  -   IDR          6.542)   JPY    2.061.008.000     JPY      2.061.008.000
        Sumitomo Mitsui Trust Bank, Limited, Cabang
           Singapura/Singapore Branch                                    IDR                  -   IDR          5.714)   JPY    1.800.000.000     JPY      1.800.000.000
        The Norinchukin Bank, Cabang Singapura/ Singapore Branch         IDR                  -   IDR          5.555)   JPY    1.750.000.000     JPY      1.750.000.000
        Shinsei Bank, Limited                                            IDR                  -   IDR          3.492)   JPY    1.100.000.000     JPY      1.100.000.000
        The Dai-ichi Life Insurance Company, Limited                     IDR                  -   IDR          3.174)   JPY    1.000.000.000     JPY      1.000.000.000
        The Nomura Trust and Banking Co., Ltd.                           IDR                  -   IDR          2.857)   JPY      900.000.000     JPY        900.000.000
        PT Bank BTPN Tbk (dahulu/formerly PT Bank Sumitomo Misui
           Indonesia)                                                    IDR                  -   IDR          2.698)   JPY     850.000.000      JPY        850.000.000
        The Shizuoka Bank, Ltd., Cabang Hong Kong/Hong Kong
           Branch                                                        IDR                  -   IDR          2.698)   JPY     850.000.000      JPY        850.000.000
        The Gunma Bank, Ltd.                                             IDR                  -   IDR          2.698)   JPY     850.000.000      JPY        850.000.000
        The Senshu Ikeda Bank, Ltd.                                      IDR                  -   IDR          2.698)   JPY     850.000.000      JPY        850.000.000
        The Hiroshima Bank, Ltd.                                         IDR                  -   IDR          2.539)   JPY     800.000.000      JPY        800.000.000
        The Higo Bank, Ltd.                                              IDR                  -   IDR          1.587)   JPY     500.000.000      JPY        500.000.000
        The Juroku Bank, Ltd.                                            IDR                  -   IDR          1.587)   JPY     500.000.000      JPY        500.000.000
        San Ju San Bank, Ltd. (dahulu/formerly The Mie Bank, Ltd.)       IDR                  -   IDR          1.587)   JPY     500.000.000      JPY        500.000.000
      Jumlah biaya up-front fees yang ditangguhkan/Total deferred up-
        front fees                                                       IDR                  - IDR            (452)    JPY                -     JPY                  -
      Jumlah bunga akrual/Total accrued interest                         IDR                  - IDR             300)    JPY                -     JPY                  -
   Jumlah/Total                                                          IDR                  - IDR          45,274)    JPY   14.311.008.000     JPY     14.311.008.000

   * Fasilitas USD/JPY dalam nilai penuh/USD/JPY facility in full amount




                                                                           60
Page 258
                                   PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

                   CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
             (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


\   18. PINJAMAN YANG DITERIMA (Lanjutan)                               18. BORROWINGS (Continued)

       Pinjaman-pinjaman yang diterima ini dijamin dengan                      These borrowings are secured by financing receivables
       piutang pembiayaan dan sewa pembiayaan (Catatan 7 dan                   and finance lease receivables (Notes 7 and 8).
       8).

       Pada umumnya, fasilitas pinjaman dari semua bank                        In general, the loan facilities from all banks require the
       tersebut mensyaratkan Perusahaan untuk memberikan                       Company to provide a written notice in respect of dividend
       pemberitahuan tertulis dalam hal pembagian dividen,                     payments, changes of directors and commissioners, and
       perubahan susunan direksi dan komisaris, dan perolehan                  obtaining new loan facilities from other banks, except in
       pinjaman baru dari bank lain, kecuali dalam rangka                      business activities, required the Company to provide a
       kegiatan usaha sehari-hari, serta mensyaratkan                          written approval in respect of changes of capital and
       Perusahaan untuk mendapatkan persetujuan tertulis dalam                 shareholders and changes of main business and
       hal perubahan modal dan pemegang saham, perubahan                       investment. Under the loan agreements, the Company is
       bisnis utama dan investasi. Dalam perjanjian pinjaman                   also obliged to comply with certain financial covenants
       tersebut, Perusahaan juga diwajibkan untuk memenuhi                     and other reporting obligations.
       persyaratan    keuangan    tertentu  dan     kewajiban
       penyampaian laporan lainnya.

       Perusahaan diwajibkan oleh krediturnya untuk memenuhi                   The Company is required by the lenders to comply with,
       antara lain, batasan rasio keuangan seperti debt equity                 among others, financial ratio covenants such as debt
       ratio, non performing financing ratio, kepemilikan JACCS,               equity ratio, non performing financing ratio, JACCS’
       ekuitas pemegang saham dan rasio likuiditas. Pada tanggal               ownership, shareholder’s equity and liquidity ratio. As of
       31 Desember 2023 dan 2022, Perusahaan telah mematuhi                    31 December 2023 and 2022, the Company complied with
       pembatasan-pembatasan yang ada.                                         the covenants.

       Tingkat suku bunga kontraktual setahun atas pinjaman                    The contractual interest rates per annum of borrowings as
       yang diterima pada tanggal 31 Desember 2023 dan 2022                    of 31 December 2023 and 2022 ranged from:
       masing-masing:
                                                            31 Desember/December
                                                         2023                2022

       Tingkat suku bunga                           5,73% - 9,75%             4,54% - 11,24%                               Contractual interest rate

       Selama tahun berakhir 31 Desember 2023 dan 2022,                        During the year ended 31 December 2023 and 2022, the
       amortisasi biaya up-front fees atas semua fasilitas                     amortization of up-front fees of all borrowings facilities
       pinjaman yang diterima yang dicatat sebagai beban bunga                 recognized as interest expense amounting to Rp 33,732
       masing-masing sebesar Rp 33.732 dan Rp 29.609,                          and Rp 29,609, respectively; while the unamortized
       sedangkan bagian yang belum diamortisasi masing-                        portion amounted to Rp 39,461 and Rp 38,724,
       masing sebesar Rp 39.461 dan Rp 38.724, dikurangkan                     respectively, was deducted from the balance of
       dari jumlah nilai pinjaman yang diterima.                               borrowings.

       Lihat Catatan 34 untuk rincian saldo dan transaksi dengan               Refer to Note 34 for details of balances and transactions
       pihak berelasi.                                                         with related parties.


19. SURAT UTANG JANGKA MENENGAH                                         19.    MEDIUM TERM NOTES

                                                                 31 Desember/December
                                                               2023                2022

       Nilai nominal                                              300.000)                   300.000)                            Nominal value
       Beban emisi yang belum diamortisasi                           (265)                      (421)               Unamortized issuance costs
       Beban bunga yang masih harus dibayar                         2.363)                     2.363)                         Accrued interest
       Jumlah-neto                                                302.098)                   301.942)                                    Total-net

       Perusahaan menerbitkan surat utang jangka menengah                      The Company issued medium term notes (“MTN”) with the
       (“MTN”) dengan rincian sebagai berikut:                                 following details:

                                                                                                                                    Tingkat bunga
                                                                                                                                      per tahun/
                       Nama efek/             Nilai nominal/           Tanggal penerbitan/              Tanggal jatuh tempo/         Interest rate
                     Securities name          Nominal valule             Issuance date                     Maturity date              per annum

       JACCS MPM Finance Indonesia III        Rp     150.000      28 September/September 2022     28 September/September 2025               6,52%
         Tahap/Phase I Tahun/Year 2022
       JACCS MPM Finance Indonesia III        Rp     150.000           11 Oktober/October 2022           11 Oktober/October 2025            6,76%
         Tahap/Phase II Tahun/Year 2022



                                                                  61
Page 259
                            PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

               CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
         (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


19. SURAT UTANG JANGKA MENENGAH                                     19. MEDIUM TERM NOTES (Continued)
    (Lanjutan)

   Dana yang diperoleh dari penerbitan MTN tersebut                      The proceeds from the issuance of MTN were used to
   digunakan untuk mengembangkan usaha dan modal                         develop the business and working capital.
   kerja.

   Berdasarkan perjanjian penerbitan MTN, Perusahaan                     Under the MTN issuance agreement, the Company is
   diharuskan untuk menaati pembatasan, termasuk                         required to comply with the covenants, which include the
   mempertahankan rasio keuangan tertentu sebagai                        maintenance of certain financial ratios as follows:
   berikut:
   a. pada tanggal 31 Desember 2023 dan 31 December                      a. as of 31 December 2023 and 31 December 2022
      2022 rasio likuiditas lebih dari 1;                                   liquidity ratio of more than 1;
   b. Rasio gearing sebesar sama dengan atau kurang dari                 b. Gearing ratio were equal to or less than 8.0.
      8,0.

   Selain itu, selama pokok MTN belum dilunasi,                          Moreover, to the extent that the MTN’s principal are still
   Perusahaan tidak diperkenankan antara lain, sesuai                    outstanding, the Company is not permitted to, among
   dengan penjelasan detil didalam perjanjian, untuk                     others, as described in detail in the agreement, conduct
   melakukan penggabungan usaha, mengubah bidang                         a merger, change its main business, decrease the
   usaha utama, mengurangi modal dasar, modal                            amount of its authorized, issued, and paid up share
   ditempatkan,   dan     modal     disetor, mengajukan                  capital, file for bankruptcy, and enter into any kind of
   permohonan pailit, serta mengadakan segala bentuk                     agreements that cause the Company’s operations to be
   kerjasama yang mengakibatkan kegiatan/operasi                         controlled by other party.
   Perusahaan diatur oleh pihak lain.

   Pada 31 Desember 2023 dan 2022, MTN tidak dijaminkan                  As at 31 December 2023 and 2022, MTN were
   oleh apapun.                                                          unsecured.

   Pada tanggal 31 Desember 2023, Perusahaan telah                       As at 31 December 2023, the Company has complied
   mematuhi pembatasan keuangan seperti yang tertera                     with the financial covenants stipulated in the MTN
   diperjanjian penerbitan MTN.                                          issuance agreement.

   Pada tanggal 14 April 2023, peringkat MTN Perusahaan                  On 14 April 2023, the credit ratings given by PT Fitch
   yang dibuat oleh PT Fitch Rating Indonesia adalah                     Rating Indonesia are AA(idn).
   AA(idn).


20. UTANG OBLIGASI                                                 20.   BONDS PAYABLE

   Pada tanggal 31 Desember 2023 dan 2022, saldo utang                   As of 31 December 2023 and 2022, the balance of
   obligasi yang diterbitkan oleh Perusahaan adalah sebagai              bonds payable issued by the Company was as follows:
   berikut:

                                                   31 Desember/       31 Desember/
                                                  December 2023      December 2022


   Obligasi berkelanjutan I JACCS MPM Finance                                           Shelf registration bonds I JACCS MPM Finance
      Indonesia Tahap I Tahun 2022                      500.000)             600.000                    Indonesia Phase I Year 2022
   Obligasi berkelanjutan I JACCS MPM Finance                                           Shelf registration bonds I JACCS MPM Finance
       Indonesia Tahap II Tahun 2023                    400.000)                    -                   Indonesia Phase II Year 2023
   Obligasi MPM Finance I Tahun 2019                     18.000)              48.000                    MPM Finance Bonds I Year 2019
   Beban emisi obligasi yang belum diamortisasi          (4.468)              (4.655)                Unamortized bonds issuance costs
   Beban kupon yang masih harus dibayar                   8.989)                5.979                                  Accrued coupon

   Jumlah – bersih                                      922.521)             649.324                                       Total - net

   Beban amortisasi yang dibebankan ke beban keuangan                    Amortization costs charged to finance charges in profit
   pada laba rugi untuk tahun yang berakhir pada tanggal                 or loss for the year ended 31 December 2023 and 2022
   31 Desember 2023 dan 2022 masing-masing sebesar                       amounting to Rp 2,584 and Rp 2,791.
   Rp 2.584 dan Rp 2.791.

   Lihat Catatan 34 untuk rincian saldo dan transaksi dengan             Refer to Note 34 for details of balances and transactions
   pihak berelasi.                                                       with related parties.




                                                         62
Page 260
                              PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

                CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
          (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


20. UTANG OBLIGASI (Lanjutan)                                                 20. BONDS PAYABLE (Continued)

   Pada tanggal 31 Desember 2023, obligasi yang telah                                As of 31 December 2023, the Company’s bonds
   diterbitkan oleh Perusahaan dan belum jatuh tempo                                 issued and are not yet matured were as follows:
   adalah sebagai berikut:
                                                                                                   Skedul
                                                                       Tingkat suku bunga       pembayaran
                                                                          tetap setahun/           bunga/
                                                     Nilai nominal/    Fixed interest rates   Interest payment           Tanggal jatuh tempo/
             Nama obligasi/Bonds Name               Nominal amount          per annum             schedule                  Maturity date

    MPM Finance I Tahun/Year 2019 Seri/Series C             18.000           9,75%            Triwulan/ Quarterly    24 September/ September 2024
    Berkelanjutan/Shelf registration I JACCS MPM
      Finance Indonesia Tahap/Phase I Tahun/Year
      2022 Seri/Series B                                   500.000           7,40%            Triwulan/ Quarterly           10 Agustus/ August 2025
    Berkelanjutan/Shelf registration I JACCS MPM
      Finance Indonesia Tahap/Phase II Tahun/Year
      2023 Seri/Series A                                   170.000           6,25%            Triwulan/ Quarterly           21 Agustus/ August 2024
    Berkelanjutan/Shelf registration I JACCS MPM
      Finance Indonesia Tahap/Phase II Tahun/Year
      2023 Seri/Series B                                   230.000           7,00%            Triwulan/ Quarterly           11 Agustus/ August 2026

   Obligasi tersebut di atas tercatat di Bursa Efek Indonesia                        The above bonds are listed at the Indonesian Stock
   dengan PT Bank Rakyat Indonesia (Persero) Tbk sebagai                             Exchange with PT Bank Rakyat Indonesia (Persero)
   wali amanat.                                                                      Tbk as the trustee.
   Kupon bunga obligasi akan dibayarkan pada tanggal                                 The interest coupons on the bonds are payable in
   pembayaran bunga obligasi, yang jatuh tempo pada                                  accordance with the interest payment due dates as
   tanggal-tanggal sebagai berikut:                                                  follows:
                                                           Tahun/Year 2022                 Tahun/Year 2023
                                                      Obligasi Berkelanjutan/Shelf    Obligasi Berkelanjutan/Shelf           Tahun/Year 2023
                            Tahun/Year 2019               Registration Bond I             Registration Bond I          Obligasi Berkelanjutan/Shelf
    Kupon obligasi/          Obligasi/Bond I                Tahap/Phase I                   Tahap/Phase II           Registration Bond I Tahap/Phase
    Bonds coupon              Seri/Series C                  Seri/Series B                   Seri/Series A                    II Seri/Series B
         1                    24-Dec-2019                    10-Nov-2022                     11-Aug-2023                        11-Aug-2023
         2                    24-Mar-2020                    10-Feb-2023                     11-Nov-2023                        11-Nov-2023
         3                    24-Jun-2020                    10-May-2023                     11-Feb-2024                        11-Feb-2024
         4                    24-Sep-2020                     10-Aug-2023                    11-May-2024                       11-May-2024
         5                    24-Dec-2020                    10-Nov-2023                     21-Aug-2024                        11-Aug-2024
         6                    24-Mar-2021                    10-Feb-2024                                                        11-Nov-2024
         7                    24-Jun-2021                    10-May-2024                                                        11-Feb-2025
         8                    24-Sep-2021                    10-Aug-2024                                                       11-May-2025
         9                    24-Dec-2021                    10-Nov-2024                                                        11-Aug-2025
        10                    24-Mar-2022                    10-Feb-2025                                                        11-Nov-2025
        11                    24-Jun-2022                    10-May-2025                                                        11-Feb-2026
        12                    24-Sep-2022                    10-Aug-2025                                                       11-May-2026
        13                    24-Dec-2022                                                                                       11-Aug-2026
        14                    24-Mar-2023
        15                    24-Jun-2023
        16                    24-Sep-2023
        17                    24-Dec-2023
        18                    24-Mar-2024
        19                    24-Jun-2024
        20                    24-Sep-2024

   Pada tanggal 14 April 2023 dan 22 Agustus 2023,                                   On 14 April 2023 and 22 August 2023, the credit ratings
   peringkat obligasi Perusahaan yang dibuat oleh PT Fitch                           given by PT Fitch Rating Indonesia are AA(idn).
   Rating Indonesia adalah AA(idn).
   Perusahaan tidak menyelenggarakan penyisihan dana                                 The Company does not put up a sinking fund for the
   untuk pelunasan obligasi ini. Obligasi ini dijamin dengan                         repayment of Bonds. Instead, these Bonds are secured
   piutang pembiayaan dan sewa pembiayaan dengan nilai                               by the designated financing receivable and finance
   jaminan secara agregat tidak boleh kurang dari 100%                               lease receivables that in aggregate amount should not
   dari nilai pokok obligasi yang terutang sebagaimana                               be less than 100% of the outstanding bonds’ principal
   termuat dalam Akta Pembebanan Jaminan Fidusia                                     as documented in the Deed of Fiduciary Collateral
   antara Perusahaan dan PT Bank Rakyat Indonesia.                                   between the Company and PT Bank Rakyat Indonesia
   sebagai wali amanat yang dibuat oleh Mala Mukti, S.H.,                            Tbk., as the trustee which was prepared by Mala Mukti,
   LL.M dan Aulia Taufani, S.H., notaris di Jakarta.                                 S.H., LL.M, and Aulia Taufani, S.H., notary in Jakarta.
   Perusahaan dapat membeli kembali (buy back) atau                                  The Company can buy back or sell part or all of the
   menjual obligasi baik seluruhnya maupun sebagian di                               Bonds issued in the open market. Buy back can be
   pasar terbuka. Pembelian kembali dapat dilakukan setiap                           made at any time after 1 (one) year from the allotment
   saat setelah 1 (satu) tahun dari tanggal penjatahan                               date as mentioned in the prospectus.
   sebagaimana disebutkan dalam prospektus.


                                                                  63
Page 261
                           PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

               CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
         (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


20. UTANG OBLIGASI (Lanjutan)                                       20.   BONDS PAYABLE (Continued)

   Perjanjian    perwaliamanatan     mengatur       beberapa              The trustee agreement provides several restrictive
   pembatasan termasuk pembatasan keuangan (rasio                         covenants as well as financial covenant (debt to equity
   utang terhadap modal) yang harus dipenuhi oleh                         ratio) that should be complied by the Company, that
   Perusahaan yaitu antara lain bahwa sebelum dilunasinya                 among others, prior to the repayment of the bonds
   obligasi, Perusahaan tanpa ijin tertulis dari wali amanat,             payable, without the written consent from the trustee,
   tidak diperkenankan melakukan hal-hal sebagai berikut:                 the Company is not allowed to:

   1.   melakukan penjualan, pengalihan atau dengan cara                  1.   conduct sale, transfer or in any way release in
        apapun melepaskan dalam satu atau beberapa                             one or several related transactions, all or most of
        transaksi yang berhubungan, seluruh atau sebagian                      the total assets, except for the Company’s day-
        besar total aset, kecuali dalam rangka kegiatan                        to-day business activities; What is meant by the
        usaha sehari-hari Perusahaan. Adapun yang                              majority of total assets is more than 40% (forty
        dimaksud dengan sebagian besar total aset adalah                       percent) of the total assets per Company’s most
        lebih dari 40% (empat puluh persen) dari total aset                    recent financial statements;
        per laporan keuangan Perusahaan yang terakhir;

   2.   mengadakan segala bentuk merger atau akuisisi                     2.   conduct all forms of merger or acquisition or
        atau peleburan, kecuali:                                               consolidation, except:
        (i) merger atau akuisisi yang dilakukan dalam                          (i) mergers or acquisitions carried out in
             kaitannya      dengan      kegiatan     usaha                           connection with the Company’s business
             Perusahaan, atau;                                                       activities, or;
        (ii) akuisisi yang didanai oleh tambahan setoran                       (ii) acquisitions that are funded by additional
             modal yang dilakukan oleh           pemegang                            capital     made    by    the      Company's
             saham Perusahaan, dan tidak      menimbulkan                            shareholders, and have no negative effect on
             akibat negatif terhadap           kemampuan                             Company's ability to pay all of its obligations
             Perusahaan      dalam     membayar     semua                            to Bondholders, or;
             kewajibannya kepada Pemegang Obligasi,
             atau;

   3.   mengubah kegiatan usaha utama Perusahaan;                         3.   change the Company’s main business activities;

   4.   mengurangi modal dasar dan modal disetor                          4.   reduce the authorized capital and paid up capital
        Perusahaan.                                                            of the Company.

   Pada tanggal 31 Desember 2023 dan 2022, Perusahaan                     As of 31 December 2023 and 2022, the Company was
   telah mematuhi pembatasan-pembatasan penting                           in compliance with important covenants in relation to
   sehubungan dengan perjanjian utang obligasi dan                        the bonds payable agreements and complied with all
   memenuhi seluruh persyaratan yang disebutkan dalam                     the requirements stated in the trustee agreement.
   perjanjian perwaliamanatan.


21. PINJAMAN SUBORDINASI                                            21.   SUBORDINATED LOAN

                                                     Tahun berakhir 31 Desember/
                                                       Year ended 31 December
                                                         2023           2022

   Pinjaman subordinasi                                    13.000         13.000                                  Subordinated loan
   Beban bunga yang masih harus dibayar                        96             96                                   Accrued interest
   Jumlah - bersih                                         13.096         13.096                                         Total - net

   Pada tanggal 7 Mei 2021, Perusahaan dan                                On 7 May 2021, the Company and JACCS Co., Ltd.,
   JACCS Co., Ltd., Jepang (pemegang saham)                               Japan (the shareholder) signed a subordinated debt
   menandatangani perjanjian utang subordinasi dengan                     agreement with total limit of JPY 40,000,000,000 for
   jumlah plafon sebesar JPY 40.000.000.000 untuk                         working capital purposes. The agreement has been
   keperluan modal kerja. Perjanjian tersebut telah                       extended until 31 December 2024.
   diperpanjang sampai dengan tanggal 31 Desember 2024.

   Pada tanggal 20 Mei 2021, Perusahaan telah melakukan                   On 20 May 2021, the Company has drawdown
   penarikan sebesar Rp 13.000 dengan jangka waktu                        Rp 13,000 with a term of 5 years and will mature on
   5 tahun dan jatuh tempo pada tanggal 20 Mei 2026.                      20 May 2026. This loan bears a fixed interest rate of
   Pinjaman ini menggunakan tingkat suku bunga tetap                      6.65% per annum.
   sebesar 6,65% per tahun.



                                                              64
Page 262
                             PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

               CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
         (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


22. MODAL SAHAM                                                  22. SHARE CAPITAL
   Pada tanggal 31 Desember 2023 dan 2022, modal dasar               As of 31 December 2023 and 2022, the Company’s
   Perusahaan sebesar Rp 1.224.475 (1.224.475 saham                  authorized share capital amounted to Rp 1,224,475
   dengan nilai nominal Rp 1.000.000 (nilai penuh) per               (1,224,475 shares at par value of Rp 1,000,000 (full
   saham), dimana seluruhnya telah ditempatkan dan                   amount) per share), all of which has been issued and fully
   disetor penuh oleh pemegang saham sebagai berikut:                paid-up by the following shareholders:
                                                                                         Persentase
                                                                                         kepemilikan/         Jumlah modal
                                                                  Jumlah saham/         Percentage of            disetor/
                   Pemegang saham/Shareholders                   Number of shares         ownership           Paid-up capital

    JACCS Co., Ltd., Jepang/Japan                                          734.685                60,00%               734.685
    PT Mitra Pinasthika Mustika Tbk                                        489.790                40,00%               489.790
    Jumlah/Total                                                         1.224.475               100,00%             1.224.475

   Tidak ada kepemilikan saham oleh Direksi dan Dewan                There is no ownership of shares by the Company’s Board
   Komisaris Perusahaan.                                             of Directors and Board of Commissioners.
   Berdasarkan keputusan Edaran Para Pemegang Saham                  Based on Unanimous Circular Resolution of the
   Perusahaan pada tanggal 30 Juni 2023, pemegang                    Shareholders of the Company on 30 June 2023, the
   saham setuju untuk mengumumkan dividen tunai sebesar              shareholders approved to declare cash dividends
   Rp 30.300.                                                        amounting to Rp 30,300.
23. CADANGAN UMUM                                                23. GENERAL RESERVE
   Pada tanggal 31 Desember 2023, Perusahaan telah                   As of 31 December 2023, the Company had a general
   membentuk cadangan umum sejumlah Rp 150.017                       reserve amounting to Rp 150,017 (2022: Rp 140,017), in
   (2022: Rp 140.017) sesuai dengan Undang-undang                    accordance with the Law of the Republic of Indonesia
   Republik Indonesia No. 40/2007 tentang Perusahaan                 No. 40/2007 regarding Limited Liability Company, which
   Terbatas, yang mengharuskan Perusahaan di Indonesia               requires Indonesian companies to set up a general
   untuk membuat penyisihan cadangan umum sebesar                    reserve amounting to at least 20% of the Company’s
   sekurang-kurangnya 20% dari jumlah modal yang                     issued and paid up share capital. There is no definite
   ditempatkan dan disetor penuh. Undang-undang tersebut             period of time over which this amount should be provided.
   tidak mengatur jangka waktu untuk penyisihan cadangan
   umum minimum tersebut.
   Berdasarkan Keputusan Sirkuler Pemegang Saham                     Based on Circular Resolution of the Company’s
   Perusahaan sebagai pengganti dari Rapat Umum                      Shareholders in lieu of Annual General Meeting of
   Pemegang Saham Tahunan tanggal 30 Juni 2023, para                 Shareholders dated 30 June 2023, the shareholders
   pemegang saham menyetujui pembentukan cadangan                    approved the appropriation of 2022 retained earnings
   umum sebesar Rp 10.000 dari saldo laba tahun 2022.                amounting of Rp 10,000.
   Berdasarkan Keputusan Sirkuler Pemegang Saham                     Based on Circular Resolution of the Company’s
   Perusahaan sebagai pengganti dari Rapat Umum                      Shareholders in lieu of Annual General Meeting of
   Pemegang Saham Tahunan tanggal 17 Juni 2022, para                 Shareholders dated 17 June 2022, the shareholders
   pemegang saham menyetujui pembentukan cadangan                    approved the appropriation of 2021 retained earnings
   umum sebesar Rp 10.000 dari saldo laba tahun 2021.                amounting of Rp 10,000.
24. TAMBAHAN MODAL DISETOR                                       24. ADDITIONAL PAID-IN CAPITAL
   Merupakan hasil selisih atas penukaran saham antara               Represents the difference in the exchange of shares
   Perusahaan dan PT Sasana Artha Finance sebesar                    between the Company’s and PT Sasana Artha Finance
   Rp 49.278 dan kelebihan modal disetor di atas nilai               amounted to Rp 49,278 and the excess of par value of
   nominal saham yang diterbitkan sebesar Rp 194.411 dari            the shares issued amounted to Rp 194,411 from 2000 to
   tahun 2000 sampai 2014.                                           2014.




                                                            65
Page 263
                              PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

               CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
         (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


25. PENDAPATAN LAIN-LAIN                                                     25. OTHER INCOME
                                                             Tahun berakhir 31 Desember/
                                                               Year ended 31 December
                                                                2023            2022

    Pihak ketiga                                                                                                                   Third parties
      Administrasi                                                229.513         192.019                                        Administration
      Penerimaan dari piutang yang telah dihapus
        bukukan                                                    53.162          58.150              Recoveries from written-off receivables
      Denda keterlambatan                                          42.649          44.373                                        Late charges
      Asuransi – neto                                              15.980          11.809                                     Insurance – net
      Pendapatan bunga                                             15.215           2.644                                     Interest income
      Perlunasan dipercepat                                        11.662          12.644                                    Early termination
      Pendapatan admin dari piutang agen                                                                Administration from payment channel
        pembayaran                                                 11.471          11.379                                       receivables
      Keuntungan nilai tukar mata uang asing                        4.221           8.209                           Gain on foreign exchange
      Aktivitas promosi bersama                                     3.920           3.934                                         Joint promo
      Lain-lain                                                    21.638          12.962                                                Other
                                                                  409.431         358.123
    Pihak berelasi                                                                                                                Related parties
      Asuransi – neto                                              67.406          69.479                                       Insurance - net
                                                                  476.837         427.602

    Lihat Catatan 34 untuk rincian pendapatan lain – lain dari transaksi          Refer to Note 34 for details of other income from transactions
    dengan pihak berelasi.                                                        with related parties.

26. BEBAN KEUANGAN                                                         26. FINANCING CHARGES
                                                             Tahun berakhir 31 Desember/
                                                               Year ended 31 December
                                                                2023            2022

   Pinjaman yang diterima                                         440.311         324.219                                            Borrowings
   Utang obligasi                                                  56.870          65.350                                        Bonds payable
   Surat utang jangka menengah                                     20.144          18.168                                    Medium term notes
   Beban lindung nilai                                              4.643          53.113                                           Hedging cost
   Pinjaman subordinasi                                               877             877                                     Subordinated loan
   Bunga atas liabilitas sewa                                         600           1.246                             Interest on lease liabilities
   Jumlah                                                         523.445         462.973                                                   Total


   Beban keuangan termasuk amortisasi beban provisi                             Financing charges included amortization of up-front fees
   yang dibayar dimuka sehubungan dengan pinjaman                               related to the Company’s borrowings, medium term note s
   yang diterima, surat utang jangka menengah dan                               and bonds pa yable for the yea rs ended
   obligasi Perusahaan untuk tahun yang berakhir                                31 December 2023 and 2022 amounting to Rp 33,732 and
   31 Desember 2023 dan 2022 masing-masing sebesar                              Rp 29,609, respectively.
   Rp 33.732 dan Rp 29.609.

   Lihat Catatan 34 untuk rincian beban keuangan dari                           Refer to Note 34 for details of financing charges from
   transaksi dengan pihak berelasi.                                             transactions with related parties.

27. PENYISIHAN KERUGIAN PENURUNAN NILAI                                      27. PROVISION FOR IMPAIRMENT LOSSES

                                                            Tahun berakhir 31 Desember/
                                                              Year ended 31 December
                                                               2023            2022

   Piutang pembiayaan                                            378.883)        289.580)                                 Financing receivables
   Piutang sewa pembiayaan                                          7.777)        (19.469)                           Finance lease receivables
   Kerugian (keuntungan) atas modifikasi kontrak                    3.811)           (874)                  Loss (gain) on contract modification
   Piutang lain-lain                                              152.139)        207.022)                                    Other receivables
                                                                  542.610)        476.259)




                                                                    66
Page 264
                              PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

               CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
         (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


28. GAJI DAN TUNJANGAN                                          28. SALARIES AND ALLOWANCES

                                                    Tahun berakhir 31 Desember/
                                                      Year ended 31 December
                                                        2023           2022

   Gaji dan tunjangan                                    295.008)       294.595)                             Salary and allowance
   Imbalan pascakerja                                      6.307)            19)                         Post-employment benefits
                                                         301.315)       294.614)


    Lihat Catatan 34 untuk gaji dan tunjangan yang diberikan         Refer to Note 34 for salaries and benefits given to key
    kepada personil manajemen kunci.                                 management personnel.

    Pada tahun 2021, terdapat perubahan program yang                 In 2021, there was a plan amendment arising from
    timbul dari perubahan program imbalan pasca kerja                changes on post-employment benefits program in
    sesuai dengan Undang-Undang Cipta Kerja (“UUCK”)                 accordance with the Job Creation Law (“UUCK”) No. 11 of
    No. 11 Tahun 2020, Peraturan Pemerintah No. 35 Tahun             2020, Government Regulation No. 35 of 2021, which
    2021, yang menggantikan program imbalan sebelumnya               supersedes previous benefits formula under Labor Law
    di bawah UU Ketenagakerjaan No. 13/2003 sehingga                 No. 13/2003, resulting a gain in the current year.
    Perusahaan mengakui keuntungan pada tahun berjalan.


29. UMUM DAN ADMINISTRASI                                       29. GENERAL AND ADMINISTRATIVE
                                                    Tahun berakhir 31 Desember/
                                                      Year ended 31 December
                                                        2023            2022
   Jasa profesional                                       61.854         42.377                                   Professional fees
   Penyusutan aset tetap                                  24.380         26.332                        Depreciation of fixed assets
   Pemasaran dan jamuan                                   21.420         24.817                      Marketing and entertainment
   Telepon, faksimili dan listrik                         19.512         14.471                      Telephone, fax and electricity
   Biaya penyelesaian kontrak                             19.243         11.481                         Unit redemption expenses
   Sewa                                                   15.873         12.052                                               Rental
   Amortisasi aset tak-berwujud                           11.717          8.853                    Amortization of intangible assets
   Beban outsourcing                                       8.518          7.607                                    Outsourcing fees
   Pelatihan                                               7.569            413                                             Training
   Perbaikan dan pemeliharaan                              7.114          6.999                           Repair and maintenance
   Beban asuransi kesehatan                                6.967          6.161                               Health insurance fees
   Perlengkapan kantor                                     4.744          3.267                                      Office supplies
   Perjalanan dinas dan transportasi                       4.223          8.282                       Travelling and transportation
   Beban iuran OJK                                         3.456          1.075                                       OJK levy fees
   Beban fidusia                                           1.684          1.402                                         Fiducia fees
   Pajak                                                       -          1.091                                               Taxes
   Lain-lain                                              15.636         14.413                                               Others
                                                         233.910        191.093

   Lihat Catatan 34 untuk rincian beban umum dan                      Refer to Note 34 for details of general and administrative
   administrasi dari transaksi dengan pihak berelasi.                 expenses from transactions with related parties.




                                                           67
Page 265
                             PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

               CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
         (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


30. IMBALAN PASCAKERJA                                            30. POST-EMPLOYMENT BENEFITS

  Sejak tahun 1990, Perusahaan menyelenggarakan program              Since 1990, the Company established a defined-benefits
  pensiun imbalan pasti untuk seluruh karyawan tetap yang            pension plan covering all of its qualified permanent
  memenuhi syarat. Manfaat tersebut akan dibayarkan pada             employees. This benefits are payable following the
  saat karyawan pensiun, mengalami cacat atau meninggal              employee’s retirement, disability or death.
  dunia.

  Pada tanggal 1 Desember 2016, Perusahaan telah menunjuk            On 1 December 2016, the Company appointed
  PT Asuransi Jiwa Manulife Indonesia, pihak ketiga, dalam           PT Asuransi Jiwa Manulife Indonesia, a third party, to
  mengelola program dana pensiun Perusahaan untuk                    manage its retirement plan for certain qualified
  sebagian karyawan tetap yang telah memenuhi syarat. Iuran          permanent employees. Contributions are funded by the
  pensiun yang ditanggung oleh Perusahaan adalah sebesar             Company’s contributions was 8% of the employees’
  8% dari penghasilan tetap karyawan.                                salaries.

  Sesuai dengan Undang-Undang Cipta Kerja No.11/2020 dan             In accordance with Job Creation Law No.11/2020 and
  Peraturan Pemerintah No.35/2021 tentang ketenagakerjaan            The Accompanying Government Regulation No.35/2021
  dan Perjanjian Kerja Bersama Perusahaan, Perusahaan                relating to labor regulations and the Company’s
  wajib memberikan imbalan pascakerja kepada karyawannya             Collective Labor Agreement, the Company is required to
  pada saat pemutusan hubungan kerja atau pada saat                  provide post-employment benefits to its employees when
  karyawan menyelesaikan masa kerjanya. Imbalan                      their employment is terminated or when they retire.
  pascakerja ini diberikan terutama berdasarkan masa kerja           These benefits are primarily based on years of service
  dan kompensasi karyawan pada saat pemutusan hubungan               and the employees’ compensation at termination or
  kerja atau selesainya masa kerja.                                  retirement.

  Kewajiban imbalan pascakerja pada tanggal 31 Desember              The obligation for post-employment benefits as of
  2023 dan 2022, dihitung oleh aktuaris independen, Kantor           31 December 2023 and 2022 was calculated by an
  Konsultan Aktuaria Hery Al Hariry, dalam laporannya                independent actuary Kantor Konsultan Aktuaria Hery Al
  masing - masing tertanggal 29 Januari 2024 dan 5 Januari           Hariry, in their reports dated 29 January 2024 and
  2023 dengan menggunakan metode projected-unit-credit.              5 January 2023, respectively, using the projected-unit-
                                                                     credit-method.

  Asumsi-asumsi utama yang digunakan oleh aktuaris                   The major assumptions used by the independent actuary
  independen dalam perhitungan kewajiban imbalan                     to determine the obligation for post-employment benefits
  pascakerja pada tanggal 31 Desember 2023 dan 2022                  as of 31 December 2023 and 2022 were as follows:
  adalah sebagai berikut:
                                                      2023           2022

  Tingkat diskonto per tahun                             6,65%           7,12%                               Annual discount rate
  Tingkat kenaikan penghasilan pokok per tahun           5,00%           5,00%                     Annual basic salary growth rate




   Pada tanggal 31 Desember 2023, durasi rata-rata                    As of 31 December 2023, the weighted-average
   tertimbang atas kewajiban imbalan pascakerja adalah                duration of the defined benefit obligation was
   10.38 tahun (31 Desember 2022: 10.53 tahun).                       10,38 years (31 December 2022: 10,53 years).

   Tingkat diskonto digunakan dalam penentuan nilai kini              The discount rate is used in determining the present
   dari kewajiban imbalan kerja pada tanggal penilaian.               value of the benefit obligation at valuation date. In
   Pada umumnya, tingkat diskonto berhubungan dengan                  general, the discount rate correlates with the yield on
   tingkat suku bunga dari obligasi negara berkualitas tinggi         high quality government bonds that are traded in active
   yang diperdagangkan di pasar modal aktif pada tanggal              capital markets at the reporting date.
   pelaporan.

   Asumsi kenaikan penghasilan di masa yang akan datang               The future salary increase assumption projects the
   memproyeksikan kewajiban imbalan kerja dari tanggal                benefit obligation starting from the valuation date
   penilaian sampai dengan umur pensiun normal. Tingkat               through the normal retirement age. The salary increase
   kenaikan penghasilan secara umum ditentukan dengan                 rate is generally determined by applying inflation
   menggunakan penyesuaian inflasi pada tarif gaji, dan               adjustments to pay scales, and by taking account of the
   dengan mempertimbangkan masa kerja.                                length of service.




                                                             68
Page 266
                              PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

               CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
         (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


30. IMBALAN PASCAKERJA (Lanjutan)                                      30.   POST-EMPLOYMENT BENEFITS (Continued)

   Jumlah yang diakui dalam laporan posisi keuangan                          The amounts recognized in the statement of fianancial
   ditentukan sebagai berikut:                                               position were determined as follows:

                                                            31 Desember/December
                                                             2023          2022
                                                                                                       Present value of the defined benefit
   Nilai kini kewaiiban imbalan pasti                           68.555)       62.421)                                          obligation
   Nilai wajar aset program                                    (74.042)      (76.036)                            Fair value of plan assets
   Dampak batas aset                                                 -)            -)                                Effect of asset ceiling
   Aset program yang disajikan sebagai bagian dari aset
       lain-lain (lihat Catatan 14)                             (5.487)      (13.615)       Plan assets part of other assets (see Note 14)

    Tabel berikut mencerminkan saldo kewajiban imbalan                       The following table reflects the balance of the obligation
    pascakerja pada tanggal pelaporan, serta perubahan                       for post-employment benefits as of the reporting dates,
    liabilitas, dan beban yang diakui selama tahun berakhir                  as well as the movements in the obligation, and the
    31 Desember 2023 dan 2022:                                               expense recognized during the years ended
                                                                             31 December 2023 and 2022:

                                                          Tahun berakhir 31 Desember/
                                                            Year ended 31 December
                                                              2023            2022
    Perubahan kewajiban imbalan                                                                      The movement in the obligation for
      pascakerja:                                                                                         post-employment benefits:

                                                                                                  Obligation for post-employment benefits,
    Kewajiban imbalan pascakerja, awal tahun                    (13.615)       (3.349)                             beginning of the year

    Termasuk dalam laba rugi (lihat Catatan 28):                                                Included in profit or loss (see Note 28):
      - Beban jasa kini                                           6.398)       6.223)                             - Current service cost
      - Beban bunga                                                 (91)        (622)                                    - Interest cost
                                                                                                  - Adjustment due to change in benefit
      - Perubahan atas perubahan metode atribusi                                                 attribution method recognized in profit
          manfaat yang diakui pada laba rugi                           -)      (5.582)                                    or loss
    Termasuk dalam penghasilan komprehensif lain:                                             Included in other comprehensive income:
      - Kerugian (keuntungan) aktuaria dari perubahan                                    - Actuarial loss (gain) from changes in financial
          asumsi keuangan                                         2.095)       (1.379)                                     assumptions
      - Keuntungan aktuaria dari perubahan                                                 - Actuarial (gain) from changes in experience
          penyesuaian yang timbul                                    (75)        (22)                                       adjustment
      - Kerugian aktuaria atas aset program                          982)      3.275)                       - Actuarial loss on plan assets
      - Keuntungan aktuaria atas perubahan dampak                                                     - Actuarial gain from changes in the
          batas aset                                               (888)      (11.986)                       effect of the asset celling
    Pembayaran:                                                                                                                Payments:
      - Manfaat                                                    (293)        (173)                                         - Benefits

    Aset program yang disajikan sebagai bagian dari
          aset lain-lain (lihat Catatan 14)                      (5.487)      (13.615)    Plan assets part of other assets (see Note 14)




                                                                69
Page 267
                                PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

                CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
          (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


30. IMBALAN PASCAKERJA (Lanjutan)                                            30.   POST-EMPLOYMENT BENEFITS (Continued)
   Tabel berikut mencerminkan saldo kewajiban imbalan                              The following table reflects the balance of the defined
   pasti pada tanggal pelaporan, serta perubahan kewajiban,                        benefits obligation as of the reporting dates, as well as
   dan beban yang diakui selama tahun berakhir                                     the movements in the obligation, and the expense
   31 Desember 2023 dan 2022:                                                      recognized during the years ended 31 December 2023
                                                                                   and 2022:

                                                             Tahun berakhir 31 Desember/
                                                               Year ended 31 December
                                                                 2023            2022
                                                                                                        The movement in the defined benefits
   Perubahan kewajiban imbalan pasti                                                                                               obligation
                                                                                                           Present value of the defined benefits
   Nilai kini kewajiban imbalan pasti, awal tahun                  62.421)         60.713)                     obligation, beginning of the year

   Termasuk dalam laba rugi:                                                                                          Included in profit or loss:
     Beban jasa kini                                                6.398)           6.223)                                Current service cost
     Bunga atas kewajiban imbalan pasti                             4.214)           3.791)              Interest on defined benefits obligation
     Beban jasa lalu                                                    -)               -)                               Past service cost due
     Penyesuaian atas perubahan metode atribusi                                                            Adjustment due to change in benefit
         manfaat yang diakui pada labanya                                -)         (5.582)             distribution method recognized in PL

   Termasuk dalam penghasilan komprehensif lain:                                                    Included in other comprehensive income:
     Kerugian (keuntungan) aktuaria:                                                                                    Actuarial loss (gains):
     - Dampak atas perubahan asumsi keuangan                        2.095)          (1.379)                - Changes in financial assumption
     - Penyesuaian atas pengalaman                                    (75)             (22)                         - Experience adjustment

   Lain-lain:                                                                                                                             Others:
     Pembayaran manfaat:                                                                                                          Benefits paid:
     - Pembayaran manfaat dari aset program                         (6.205)         (1.150)                      - Benefits paid by plan assets
     - Pembayaran manfaat dari pemberi kerja                          (293)           (173)                        - Benefits paid by employer

                                                                                                           Present value of the defined benefit
   Nilai kini kewajiban imbalan pasti, akhir tahun                 68.555)         62.421)                       obligation, end of the year

   Perubahan nilai wajar aset program untuk imbalan                                The movement in the fair value of plan assets for
   pensiun selama tahun berjalan adalah sebagai berikut:                           pension benefits during the years was as follows:
                                                             Tahun berakhir 31 Desember/
                                                               Year ended 31 December
                                                                2023             2022
   Nilai wajar aset program, awal tahun                           76.036)           76.205)          Fair value of plan assets, beginning of year

   Termasuk dalam laba rugi:                                                                                          Included in profit or loss:
      Pendapatan bunga atas aset program                           5.193)            4.256)                       Interest income on plan assets

   Termasuk dalam penghasilan kompehensif lain:                                                     Included in other comprehensive income:
      Imbal hasil atas aset program, tidak termasuk                                                   Return on plan assets, excluding amounts
          jumlah yang dimasukan dalam bunga neto                                                        included in net interest on net defined
          atas kewajiban imbalan pasti neto                         (982)           (3.275)                                      benefit liability
   Lain-lain:                                                                                                                               Others:
     Pembayaran manfaat dari aset program                          (6.205)          (1.150)                          Benefits paid by plan assets

   Nilai wajar aset program, akhir tahun                          74.042)           76.036)              Fair value of plan assets, end of year


   Aset program terdiri dari:                                                      Plan assets comprise of the following:
                                                       31 Desember/                   31 Desember/
                                                      December 2023                  December 2022
                                               Nilai wajar/   Persentase/      Nilai wajar/  Persentase/
                                               Fair value     Percentage       Fair value    Percentage
   Pasar uang                                       54.095         73,06%           55.897        73,51%                            Money market
   Pendapatan tetap                                 19.947         26,94%           20.139        26,49%                            Fixed income

   Hasil yang diharapkan dari aset program ditentukan                              The expected return on plan assets is determined by
   dengan mempertimbangkan imbal hasil yang diharapkan                             considering the expected returns available on the
   atas aset dengan mengacu kepada kebijakan investasi.                            assets underlying the current investments policy.
   Hasil yang diharapkan dari investasi dengan bunga tetap                         Expected yields on fixed interest investments are
   didasarkan pada hasil pengembalian bruto pada tanggal                           based on gross redemption yields as at the reporting
   pelaporan.                                                                      date.


                                                                    70
Page 268
                                   PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

                 CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
           (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


30. IMBALAN PASCAKERJA (Lanjutan)                                                    30. POST-EMPLOYMENT BENEFITS (Continued)
   Informasi historis                                                                     Historical information

                                            2023           2022             2021           2020            2019

   Nilai kini kewajiban imbalan pasti                                                                                    Present value of the defined benefit
                                            68.555)         62.421)         60.713)          80.005)        82.080)                             obligation
   Penyesuaian pengalaman atas                                                                                                       Experience adjustment
      liabilitas                               (75)            (22)         (1.604)          (1.232)        (1.844)                             on liability
   Nilai wajar aset program                 74.042)         76.036)         76.205)          82.612)        76.282)                 Fair value of plan assets
   Perubahan estimasi pada aset               (982)         (3.275)         (2.791)             559)           481)          Changes in estimates of assets

   Analisa sensitivitas                                                                   Sensitivity analysis

   Asumsi aktuaria utama yang diterapkan dalam                                            It is reasonably possible that the key actuarial
   mengestimasi imbalan pasca kerja mungkin berbeda                                       assumptions applied in estimating the defined
   dengan yang diharapkan. Kisaran variabilitas yang                                      benefits obligation may trun out to be different than
   diharapkan secara wajar tersebut akan mempengaruhi                                     expected. The range of such reasonably expected
   kewajiban imbalan pasti pada tanggal pelaporan dalam                                   variability would affect the defined benefits obligation
   jumlah sebagai berikut:                                                                at the reporting dates by the following amounts:

                                                   31 Desember/December 2023       31 Desember/December 2022
                                                    Kenaikan/     Penurunan/        Kenaikan/     Penurunan/
                                                   Increase 1%   Decrease 1%       Increase 1%   Decrease 1%

   Tingkat diskonto                                     63.820         73.895           58.174)        67.218)                                     Discount rate
   Tingkat kenaikan gaji di masa depan                  73.928         63.709           67.269)        58.058)                       Future salary increase rate


   Analisa ini menggambarkan perkiraan sensitivitas kewajiban                             This analysis depicts the approximate sensitivity of
   imbalan terhadap kemungkinan perubahan asumsi wajar,                                   the defined benefits obligation to a reasonable
   tetapi tidak memperhitungkan variabilitas dalam waktu                                  possible change in assumptions, but does not take
   distribusi pembayaran imbalan yang diharapkan menurut                                  account of the variability in the timing of the
   program.                                                                               distribution of benefit payments expected under the
                                                                                          plan.

31. PAJAK PENGHASILAN                                                                31. INCOME TAX

   a.    Komponen beban pajak penghasilan diakui di laba rugi                              a. The components of income tax expense
         adalah sebagai berikut:                                                              recognized in profit or loss were as follows:

                                                            Tahun berakhir 31 Desember/
                                                              Year ended 31 December
                                                             2023                2022

         Beban pajak kini:                                                                                                             Current tax expense:
           Pajak kini                                             6.511)                 35.031)                                            Current year
                                                                  6.511)                 35.031)
         Beban pajak tangguhan:                                                                                                        Deferred tax expense:
           Pembentukan perbedaan temporer                         (3.711)                (6.255)                      Origination of temporary differences
                                                                  (3.711)                (6.255)
         Beban pajak penghasilan                                   2.800)                28.776)                                        Income tax expense




                                                                      71
Page 269
                                     PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

              CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
        (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


31. PAJAK PENGHASILAN (Lanjutan)                                                             31. INCOME TAX (Continued)

   b. Pajak kini                                                                                  b. Current income tax

      Rekonsiliasi antara laba akuntansi sebelum pajak                                                 Reconciliation between accounting income before
      penghasilan seperti yang disajikan dalam laporan laba                                            tax, as shown in the statements of profit or loss and
      rugi dan penghasilan komprehensif lain dengan laba                                               other comprehensive income, and taxable income
      kena pajak adalah sebagai berikut:                                                               was as follows:
                                                                        Tahun berakhir 31 Desember/
                                                                          Year ended 31 December
                                                                          2023              2022

      Laba akuntansi sebelum pajak penghasilan                                   3.224)               129.755)                        Accounting income before tax

      Perbedaan temporer:                                                                                                                      Temporary differences:

         Kewajiban imbalan pascakerja                                           6.013)                    (155)                 Post-employment benefit obligation
         Beban yang masih harus dibayar                                       (11.569)                   5.149)                                 Accrued expenses
         Penyusutan aset tetap                                                  1.141)                    (618)                        Depreciation of fixed assets
         Aset hak guna                                                        (13.611)                  (1.285)                                Right-of-use assets
         Liabilitas sewa                                                       11.344)                   1.246)                                    Lease liabilities
         Penyisihan kerugian penurunan nilai                                      256)                     796)                    Provision for impairment losses
         Instrumen derivatif                                                   23.294)                  23.302)                             Derivative instruments
                                                                               16.868)                  28.435)
      Perbedaan permanen:                                                                                                                 Permanent differences:
        Pendapatan bunga                                                      (15.215)                  (2.644)                                  Interest income
        Beban gaji dan tunjangan                                                   37)                      28)                  Salary and allowance expenses
        Beban umum dan administrasi                                             5.606)                   3.661)              General and administrative expenses
        Aset hak guna                                                          (6.548)                       -)                              Right-of-use assets
        Liabilitas sewa                                                         8.131)                       -)                                   Lease liabilities
        Penyisihan kerugian penurunan nilai                                    17.492)                       -)                  Provision for impairment losses
                                                                                9.503)                   1.045)

      Laba fiskal                                                              29.595)                159.235)                                           Taxable income


      Perhitungan pajak penghasilan badan untuk tahun                                                  The corporate income tax calculation for the year
      berakhir 31 Desember 2023 adalah suatu perhitungan                                               ended 31 December 2023 was a preliminary
      sementara yang dibuat untuk tujuan akuntansi dan dapat                                           estimate made for accounting purposes and it is
      berubah pada saat Perusahaan menyampaikan Surat                                                  subject to revision when the Company lodges its
      Pemberitahuan Tahunan (SPT)              PPh Badan                                               Annual Corporate Income Tax Return.
      Perusahaan.

      Jumlah laba kena pajak Perusahaan untuk tahun                                                    The Company’s taxable income for the year ended
      berakhir 31 December 2022 telah sesuai dengan SPT                                                31 December 2022 was in line with Annual
      Tahunan PPh Badan Perusahaan.                                                                    Corporate Income Tax Return.

   c. Pajak tangguhan                                                                             c. Deferred income tax

      Rincian dari aset dan liabilitas pajak tangguhan                                                 The details of the Company’s deferred tax assets
      Perusahaan adalah sebagai berikut:                                                               and liabilities were as follows:
                                                                                                  Diakui pada
                                                                                                  penghasilan
                                                                                                 komprehensif
                                                                         Diakui pada laba     lain/Recognized in
                                                       31 Desember/     rugi/Recognized in   other comprehensive    31 Desember/
                                                      December 2022        profit or loss           income         December/ 2023

                                                                                                                                                     Post-employment benefit
      Kewajiban imbalan pascakerja                            (2.994)               1.323)                   466            (1.205)                                   obligation
      Beban yang masih harus dibayar                           3.771)              (2.545)                     -             1.226)                         Accrued expenses
      Aset tetap (termasuk aset hak guna)                      2.367)               5.560)                     -             7.927)   Fixed asset (include right-of-used asset)
      Liabilitas sewa                                          2.223)              (5.809)                     -            (3.586)                               Lease liability
                                                                                                                                                     Allowance for impairment
      Penyisihan kerugian penurunan nilai                     73.392)                  56)                     -           73.448)                                   losses
      Perubahan nilai wajar neto dari lindung nilai                                                                                                   Net changes in fair value
          atas arus kas                                        8.232)                   -)                   633            8.865)                   of cash flows hedges
      Instrumen derivatif                                     (5.126)               5.126)                     -                -)                      Derivative instruments

                                                              81.865)               3.711)                 1.099           86.675)
      Aset pajak tangguhan, bersih                                                                                                                      Deferred tax asset, net




                                                                                72
Page 270
                                    PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

             CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
       (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


31. PAJAK PENGHASILAN (Lanjutan)                                                            31.   INCOME TAX (Continued)

   c. Pajak tangguhan (Lanjutan)                                                                  c. Deferred income tax (Continued)

      Rincian dari aset dan liabilitas pajak tangguhan                                                 The details of the Company’s deferred tax assets
      Perusahaan adalah sebagai berikut (Lanjutan):                                                    and liabilities were as follows (Continued):
                                                                                                   Diakui pada
                                                                                                   penghasilan
                                                                                                  komprehensif
                                                                        Diakui pada laba       lain/Recognized in
                                                       31 Desember/    rugi/Recognized in     other comprehensive     31 Desember/
                                                      December 2021       profit or loss             income          December/ 2022

                                                                                                                                                        Post-employment benefit
      Kewajiban imbalan pascakerja                             (736)                  (34)                 (2.224)           (2.994)                                 obligation
      Beban yang masih harus dibayar                          2.638)               1.133)                       -)           3.771)                            Accrued expenses
      Aset tetap (termasuk aset hak
         guna)                                                1.001)                1.366)                      -)           2.367)     Fixed asset (include right-of-used asset)
      Liabilitas sewa                                         3.734)               (1.511)                      -)           2.223)                               Lease liabilities
                                                                                                                                                       Allowance for impairment
      Penyisihan kerugian penurunan nilai                    73.217)                 175)                       -)          73.392)                                    losses
      Perubahan nilai wajar neto dari lindung nilai                                                                                                     Net changes in fair value
         atas arus kas                                       24.507)                    -)                (16.275)           8.232)                     of cash flows hedges
      Instrumen derivatif                                   (10.252)               5.126)                       -)           (5.126)                       Derivative instruments

                                                             94.109)               6.255)                 (18.499)          81.865)
      Aset pajak tangguhan, bersih                                                                                                                        Deferred tax asset, net


      Perusahaan mengakui aset pajak tangguhan secara                                                  The Company has recognized a separate deferred
      terpisah sehubungan dengan liabilitas sewa dan                                                   tax assets in relation to its lease liabilities and a
      liabilitas pajak tangguhan sehubungan dengan aset                                                deferred tax liability in relation to its right-of-used-
      hak guna. Namun, tidak ada dampak terhadap                                                       assets. However, there was no impact on the
      laporan posisi keuangan karena saldo tersebut                                                    statement of financial position because the
      memenuhi syarat untuk saling hapus berdasarkan                                                   balances qualify for offsetting under paragraph 74
      PSAK 46 paragraf 74.                                                                             of PSAK 46.

      Rekonsiliasi antara laba akuntansi sebelum pajak                                                 Reconciliation between accounting income before
      penghasilan dikalikan dengan tarif pajak yang                                                    tax multiplied by the prevailing tax rates and
      berlaku dan beban pajak adalah sebagai berikut:                                                  income tax expense was as follows:
                                                                              31 Desember/December
                                                                            2023                2022

      Laba akuntansi sebelum pajak penghasilan                                       3.224                   129.755)                         Accounting income before tax

      Beban pajak atas dasar tarif pajak                                                                                                  Income tax expense at prevailing
        yang berlaku (22%)                                                             709                    28.546)                                  tax rates (22%)
      Jumlah                                                                           709                    28.546)                                               Total

      Pengaruh pajak atas perbedaan permanen                                         2.091                       230)                  Tax effect on permanent differences
      Beban pajak penghasilan                                                        2.800                    28.776)                                   Income ttax expense




   d. Sesuai dengan peraturan perpajakan di Indonesia,                                            d. Under the taxation laws of Indonesia, the
      Perusahaan    melaporkan/    menyetorkan   pajak                                               Company submits tax returns on the basis of self-
      berdasarkan sistem self-assessment. Fiskus dapat                                               assessment. The tax authorities may assess or
      menetapkan atau mengubah pajak-pajak tersebut                                                  amend taxes within the statuate of limitations,
      dalam jangka waktu tertentu sesuai dengan                                                      under prevailing regulations.
      peraturan yang berlaku.
      Posisi      pajak     Perusahaan     mungkin   dapat                                             The Company’s tax positions may be challenged
      dipertanyakan oleh pengawas pajak. Manajemen                                                     by the tax authorities. Management vigorously
      mempertahankan          posisi   pajak   Perusahaan                                              defends the Company’s tax position which are
      berdasarkan landasan teknis yang kuat. Oleh karena                                               believed to be grounded on sound technical basis.
      itu, manajemen menilai bahwa akrual atas liabilitas                                              Accordingly, management believes that the
      pajak telah memadai untuk semua tahun pajak                                                      accruals for tax liabilities are adequate for all open
      berdasarkan evaluasi atas berbagai faktor, termasuk                                              tax years based on its assessment of various
      interpretasi atas undang-undang pajak dan                                                        factors, including interpretations of tax law and
      pengalaman sebelumnya. Penilaian didasarkan pada                                                 prior experience. The assessment relies on
      estimasi dan asumsi dan dapat melibatkan                                                         estimates and assumptions and may involve
      pertimbangan mengenai kejadian mendatang.                                                        judgment about future events. New information
      Informasi baru mungkin saja tersedia dapat                                                       may become available that causes management
      menyebabkan perubahan keputusan oleh manajemen                                                   to change its judgment regarding the adequacy of
      atas kecukupan dari liabilitas pajak. Perubahan atas                                             existing tax liabilities. Such changes to tax
      liabilitas pajak tersebut akan berdampak pada beban                                              liabilities will impact tax expense in the period that
      pajak pada periode dimana keputusan itu dibuat.                                                  such determination is made.
                                                                              73
Page 271
                                  PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

                CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
          (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


32. LABA PER SAHAM                                                            32. EARNINGS PER SHARE
                                                              Tahun berakhir 31 Desember/
                                                                Year ended 31 December
                                                               2023                 2022

   Laba bersih                                                            424                  100.979                                             Net income

   Rata-rata tertimbang jumlah saham yang beredar                  1.224.475                 1.224.475       Weighted average number of outstanding shares

   Laba per saham - dasar (nilai penuh)                                   346                   82.467               Earnings per share - basic (full amount)

   Perusahaan tidak memiliki instrumen yang memberikan                                  The Company does not have instruments that give impact
   dampak efek dilusi pada laba per saham.                                              of dilution effect on basic earnings per share.


33. SEGMEN OPERASI                                                            33. OPERATING SEGMENTS

   Perusahaan mengelola kegiatan usahanya dan                                           The Company manages its business activities and
   mengidentifikasi segmen yang dilaporkan berdasarkan                                  identifies its reported segments based on product
   jenis produk dan wilayah geografis. Laba atau rugi dari                              categories and geographic area. Profit or loss from each
   masing-masing segmen digunakan untuk menilai kinerja                                 segment is used to measure performance of each
   masing-masing segmen. Informasi yang berkaitan                                       segments. Information concerning the main segments are
   dengan segmen usaha utama disajikan sebagai berikut:                                 set out as follows:

                                                               Tahun berakhir/Year ended
                                                              31 Desember/December 2023
                                     Pembiayaan/ Financing
                                    Sepeda                             Sewa
                                    motor/          Mobil/         pembiayaan/              Lain-lain/            Jumlah/
                                  Motorcycles        Cars          Finance lease             Others                Total

   Pendapatan pembiayaan             309.227)         627.704)                   -)               86.541)            1.023.472)             Financing income
   Pendapatan sewa                                                                                                                              Finance lease
     pembiayaan                             -)              -)            104.195)                     -)              104.195)                     income
   Pendapatan lain-lain               128.960)        311.221)             11.654)                25.002)              476.837)                Others income
   Beban keuangan                    (109.894)       (320.667)            (67.803)               (25.081)             (523.445)            Financing charges
   Beban penyusutan dan                                                                                                                      Depreciation and
     amortisasi                        (3.690)          (6.353)               (121)               (1.734)              (11.898)     amortization expenses
   Penyisihan kerugian                                                                                                                Provision for impairment
      penurunan nilai                (153.953)       (347.486)            (13.732)               (27.439)             (542.610)                        losses
   Laba untuk segmen                                                                                                                     Income for reportable
      dilaporkan                       38.386)         90.642)             13.047)                27.544)             169.619)                      segment
   Aset untuk segmen                                                                                                                      Assets for reportable
      dilaporkan                    1.596.928)      4.579.290)         1.214.657)               350.716)             7.741.591)                     segment
   Liabilitas untuk segmen                                                                                                             Liabilities for reportable
      dilaporkan                    1.330.634)      3.815.674)         1.012.108)               292.233)             6.450.649)                      segment


                                                               Tahun berakhir/Year ended
                                                              31 Desember/December 2022
                                     Pembiayaan/ Financing
                                    Sepeda                             Sewa
                                    motor/          Mobil/         pembiayaan/              Lain-lain/            Jumlah/
                                  Motorcycles        Cars          Finance lease             Others                Total

   Pendapatan pembiayaan              261.226)        650.284)                     -)             84.729)             996.239)               Financing income
   Pendapatan sewa                                                                                                                               Finance lease
     pembiayaan                             -)               -)           130.853)                     -)              130.853)                        income
   Pendapatan lain-lain               111.677)         277.993)            12.629)                25.303)              427.602)                  Others income
   Beban keuangan                     (86.274))       (282.078))          (71.184))              (23.437))            (462.973))           Financing charges
   Beban penyusutan dan                                                                                                                       Depreciation and
     amortisasi                        (4.447))         (7.484))              (239))              (2.029))             (14.199))    amortization expenses
   Penyisihan kerugian                                                                                                               Provision for impairment
     penurunan nilai                 (110.382))       (237.575))          (106.670))             (21.632))            (476.259))                      losses
                                                                                                                                        Income for reportable
   Laba untuk segmen dilaporkan        41.705)        250.747)             (46.826))              29.763)             275.389)                     segment
   Aset untuk segmen                                                                                                                     Assets for reportable
      dilaporkan                    1.412.188)       4.607.698)        1.290.458)                406.633)            7.716.977)                    segment
   Liabilitas untuk segmen                                                                                                            Liabilities for reportable
      dilaporkan                    1.191.030)       3.886.098)        1.088.363)                342.951)            6.508.442)                     segment




                                                                     74
Page 272
                                   PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

                    CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
              (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


33.     SEGMEN OPERASI (Lanjutan)                                                   33. OPERATING SEGMENTS (Continued)
        Berikut adalah informasi yang berkaitan dengan                                  The following tables present information concerning the
        segmen usaha utama berdasarkan wilayah geografis:                               main segments based on geographic area:
                                                                     Tahun berakhir/Year ended
                                                                   31 Desember/December 2023
                                                                    Jakarta dan
                                                                    sekitarnya/
                                       Jawa dan                     Jakarta and
                                       Bali/ Java     Sumatera/         its         Kalimatan/     Sulawesi/        Jumlah/
                                        and Bali      Sumatera     surroundings    Kalimantan      Sulawesi          Total

        Pendapatan pembiayaan              467.177)     231.873)        109.397)       140.332)       74.693)       1.023.472)                   Financing income
        Pendapatan sewa                                                                                                                              Finance lease
            pembiayaan                     10.777)       22.981)          32.240)        30.284)        7.913)        104.195)                             income
        Pendapatan lain-lain              225.154)      108.751)          52.124)        54.124)       36.684)        476.837)                      Others income
        Beban keuangan                   (205.550)     (113.733)         (69.418)       (75.925)      (58.819)       (523.445)                 Financing charges
        Beban penyusutan dan                                                                                                                      Depreciation and
            amortisasi                      (6.100)      (2.141)          (1.224)        (1.499)           (934)      (11.898)          amortization expenses
        Penyisihan kerugian                                                                                                              Provision for impairment
            penurunan nilai             (213.153)      (117.909)         (71.857)       (78.713)      (60.978)       (542.610)                              losses
        Laba untuk segmen                                                                                                                   Income for reportable
           dilaporkan                       92.740)      58.942)           6.307)       37.255)       (25.625)       169.619)                           segment
        Aset untuk segmen                                                                                                                     Asset for reportable
           dilaporkan                  2.095.636)     1.960.301)       1.364.474)     1.290.169)    1.031.010)      7.741.590)                           segment
        Liabilitas untuk segmen                                                                                                           Liabilities for reportable
            dilaporkan                 2.517.586)     1.415.504)        850.489)       943.380)      723.690)       6.450.649)                           segment

                                                                     Tahun berakhir/Year ended
                                                                   31 Desember/December 2022
                                                                    Jakarta dan
                                                                    sekitarnya/
                                       Jawa dan                     Jakarta and
                                       Bali/ Java     Sumatera/         its         Kalimatan/     Sulawesi/        Jumlah/
                                        and Bali      Sumatera     surroundings    Kalimantan      Sulawesi          Total

        Pendapatan pembiayaan              432.312)     235.742)        109.220)       135.567)       83.398)        996.239)                    Financing income
        Pendapatan sewa                                                                                                                              Finance lease
            pembiayaan                     14.132)       25.492)          37.080)        25.261)       28.888)        130.853)                             income
        Pendapatan lain-lain              179.387)       87.636)          80.394)        47.907)       32.278)        427.602)                      Others income
        Beban keuangan                   (169.621)     (102.270)         (70.416)       (67.996)      (52.670)       (462.973)                 Financing charges
        Beban penyusutan dan                                                                                                                      Depreciation and
            amortisasi                      (6.811)      (2.696)          (1.662)        (1.458)          (1.572)     (14.199)          amortization expenses
        Penyisihan kerugian                                                                                                              Provision for impairment
            penurunan nilai             (174.482)      (105.201)         (72.451)       (69.945)      (54.180)       (476.259)                              losses
        Laba untuk segmen                                                                                                                   Income for reportable
           dilaporkan                      123.753)      79.804)         14.473)        44.357)       13.002)        275.389)                           segment
        Aset untuk segmen                                                                                                                     Asset for reportable
           dilaporkan                  2.086.679)     1.996.810)       1.435.357)     1.201.658)     996.473)       7.716.977)                           segment
        Liabilitas untuk segmen                                                                                                           Liabilities for reportable
            dilaporkan                 2.380.865)     1.444.256)        988.756)       957.886)      736.679)       6.508.442)                           segment

      Berikut adalah rekonsiliasi laba neto, aset dan liabilitas                        The reconciliation of net income, assets and liabilities for
      untuk segmen dilaporkan berdasarkan jenis produk dan                              reportable segments based on product categories and
      wilayah geografis:                                                                geographic categories as follows:

                                                                   Tahun berakhir 31 Desember/
                                                                     Year ended 31 December
                                                                    2023                 2022

      Laba untuk segmen dilaporkan                                     169.619)                275.389)                          Income for reportable segment
      Jumlah yang tidak dialokasikan                                  (169.195)               (174.410)                                    Unallocated amount
      Laba tahun berjalan                                                  424)                100.979)                                     Income for the year

      Aset untuk segmen dilaporkan                                   7.741.591)             7.716.977)                           Assets for reportable segment
      Jumlah yang tidak dialokasikan                                   416.451)               575.830)                                     Unallocated amount
      Aset                                                           8.158.042)             8.292.807)                                                   Assets

      Liabilitas untuk segmen dilaporkan                             6.450.649)             6.508.442)                        Liabilities for reportable segment
      Jumlah yang tidak dialokasikan                                       330)                43.535)                                       Unallocated amount
      Liabilitas                                                     6.450.979)             6.551.977)                                                  Liabilities




                                                                            75
Page 273
                                PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

               CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
         (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


34. PIHAK-PIHAK BERELASI                                                34. RELATED PARTIES

         Pihak berelasi/Related party            Jenis hubungan/ Nature of relationship            Jenis Transaksi/ Type of transactions

  JACCS Co., Ltd., Jepang/Japan                           Pemegang saham/ Shareholder            Pinjaman subordinasi dan beban keuangan/
                                                                                                      Subodinated loan and financial charges
  PT Mitra Pinasthika Mustika Tbk                         Pemegang saham/ Shareholder                                                          -
  PT Mitra Pinasthika Mustika Rent*                   Entitas anak dari pemegang saham        Utang usaha, piutang pembiayaan, pendapatan
                                                             nonpengendali/ Subsidiary of                pembiayaan, dan beban umum dan
                                                              non-controlling shareholder            administrasi/ Account payable, financing
                                                                                              receivables, financing income, and general and
                                                                                                                      administrative expenses
  PT Asuransi Mitra Pelindung Mustika                 Entitas anak dari pemegang saham        Utang usaha, utang obligasi, beban keuangan,
                                                             nonpengendali/ Subsidiary of     beban umum dan administrasi dan pendapatan
                                                              non-controlling shareholder         lain-lain/ Accounts payable, bonds payable,
                                                                                                financial charges, general and administrative
                                                                                                                  expenses and other income
  PT Balai Lelang Asta Nara Jaya*                     Entitas anak dari pemegang saham           Beban umum dan administrasi/ General and
                                                             nonpengendali/ Subsidiary of                        administrative expenses
                                                              non-controlling shareholder
  PT Dayakarya Solusi Sejati*                         Entitas anak dari pemegang saham           Beban umum dan administrasi/ General and
                                                             nonpengendali/ Subsidiary of                        administrative expenses
                                                               non-controlling shareholder
  PT Surya Anugerah Kencana*                          Entitas anak dari pemegang saham                 Piutang pembiayaan dan pendapatan
                                                             nonpengendali/ Subsidiary of            pembiayaan/ Financing receivables and
                                                              non-controlling shareholder                                 financing income
  MUFG Bank, Ltd., Cabang Jakarta/Jakarta        Mempunyai kelompok usaha yang sama                     Kas di bank, aset derivatif untuk tujuan
  Branch                                         (artrinya entitas induk, entitas anak, dan        manajemen resiko, liabilitas derivatif untuk
                                                          entitas anak berikutnya) dengan            tujuan manajemen resiko, pinjaman yang
                                                   Perusahaan/ Have the same business          diterima dan beban keuangan/ Cash in banks,
                                                         group (meaning the parent entity,        derivative assets held for risk management,
                                              subsidiary, and subsequent subsidiary) with      derivative liabilities held for risk management,
                                                                     those of the Company                    borrowings and financial charges
   Dewan Komisaris dan Direksi/ Board of      Personil manajemen inti/ Key management              Beban yang masih harus dibayar, gaji dan
   Commissioners and Directors                                               personnel           tunjangan dan imbalan pascakerja/ Accrued
                                                                                                expenses, salaries and allowances and post-
                                                                                                                       employment benefits




  *Sejak akhir Mei 2022 bukan merupakan pihak berelasi                                             *By end of May 2022 is not a related party




                                                                76
Page 274
                                PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

                CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
          (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


34. PIHAK-PIHAK BERELASI (Lanjutan)                                        34. RELATED PARTIES (Continued)

   Transaksi dengan pihak berelasi                                              Transactions with related parties

   Rincian saldo dan transaksi yang signifikan dengan pihak-                    The details of significant balances and transactions with
   pihak berelasi pada dan untuk tahun-tahun yang berakhir                      related parties as of and for the years ended
   tanggal 31 Desember 2023 dan 2022 adalah sebagai                             31 December 2023 and 2022 were as follows:
   berikut:

                                                                           Persentase terhadap jumlah
                                                                               aset atau liabilitas/
                                                                           Percentage to total assets or
                                                     Jumlah/Total                   liabilities
                                                  2023         2022           2023              2022

   Aset                                                                                                                                  Assets
   Kas di bank                                                                                                                    Cash in banks
     Bank                                                                                                                       Cash in bank
     PT Bank Danamon Indonesia Tbk                172.373      150.153             2,11            1,81      PT Bank Danamon Indonesia Tbk
     MUFG Bank, Ltd., Cabang Jakarta                  211          274             0,00            0,00      MUFG Bank, Ltd., Jakarta Branch
   Jumlah                                         172.584      150.427             2,12            1,81                                    Total

   Piutang lain-lain                                                                                                         Other receivables
     Personil manajemen kunci                         791        1.051             0,01            0,01           Key management personnel
   Jumlah                                             791        1.051             0,01            0,01                                  Total


                                                                                                                  Derivative assets held for risk
   Aset derivatif untuk tujuan manajemen risiko
                                                                                                                               management
     MUFG Bank, Ltd., Cabang Jakarta               42.857      107.643             0,53            1,30      MUFG Bank, Ltd., Jakarta Branch
   Jumlah                                          42.857      107.643             0,53            1,30                                    Total

   Liabilitas                                                                                                                         Liabilities

   Utang usaha                                                                                                                 Accounts payable
      PT Asuransi Mitra Pelindung Mustika               5             19           0,00            0,00    PT Asuransi Mitra Pelindung Mustika
   Jumlah                                               5             19           0,00            0,00                                     Total

   Pinjaman yang diterima                                                                                                            Borrowings
      MUFG Bank, Ltd., Cabang Jakarta             685.887       737.215          10,63            11,25       MUFG Bank, Ltd., Jakarta Branch
      PT Bank Danamon Indonesia Tbk               234.511       400.905           3,64             6,12       PT Bank Danamon Indonesia Tbk
    Jumlah                                        920.398     1.138.120          14,27            17,37                                    Total

   Utang obligasi                                                                                                                  Bonds payable
      PT Asuransi Mitra Pelindung Mustika          30.148       60.123             0,47            0,92    PT Asuransi Mitra Pelindung Mustika
      PT Bank Danamon Indonesia Tbk               100.492      100.204             1,56            1,53      PT Bank Danamon Indonesia Tbk
   Jumlah                                         130.640      160.327             2,03            2,45                                     Total

   Beban yang masih harus dibayar                                                                                            Accrued Expenses
      Personil manajemen kunci                      3.586         3.634            0,06            0,06            Key management personnel
   Jumlah                                                                                                                                Total
                                                    3.586         3.634            0,06            0,06




                                                                 77
Page 275
                                PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

                  CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
            (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


34. PIHAK-PIHAK BERELASI (Lanjutan)                                          34. RELATED PARTIES (Continued)

   Transaksi dengan pihak berelasi (Lanjutan)                                      Transactions with related parties (Continued)

                                                                                Persentase terhadap
                                                                              jumlah pendapatan atau
                                                         Jumlah/ Total          beban bersangkutan/
                                                 Tahun berakhir 31 Desember/ Percentage to total respective
                                                   Year ended 31 December         income/expenses
                                                    2023            2022             2023        2022
   Liabilitas (Lanjutan)                                                                                                      Liabilities (Continued)


   Liabilitas derivatif untuk tujuan manajemen                                                                      Derivative liabilities held for risk
      risiko                                                                                                                         Management
      MUFG Bank, Ltd., Cabang Jakarta                  21.197              1.290        0,33            0,02     MUFG Bank, Ltd., Jakarta Branch
   Jumlah                                              21.197              1.290        0,33            0,02                                      Total

   Pinjaman subordinasi                                                                                                          Subordinated loan
      JACCS Co., Ltd., Jepang                          13.096          13.096          0,20             0,20              JACCS Co., Ltd., Japan
   Jumlah                                              13.096          13.096          0, 20            0,20                                   Total

   Pendapatan                                                                                                                                  Income
   Pendapatan lain-lain                                                                                                               Other income
     PT Asuransi Mitra Pelindung Mustika              67.406           69.479           4,20            4,47 PT Asuransi Mitra Pelindung Mustika
   Jumlah                                             67.406           69.479           4,20            4,47                                  Total


   Beban                                                                                                                                     Expenses
   Beban keuangan                                                                                                                   Financial charges
     Pinjaman yang diterima                                                                                                             Borrowings
       MUFG Bank, Ltd., Cabang Jakarta                55.825           51.447           3,49            3,61     MUFG Bank, Ltd., Jakarta Branch
       PT Bank Danamon Indonesia Tbk                  20.856           22.319           1,30            1,57     PT Bank Danamon Indonesia Tbk
   Jumlah                                             76.681           73.766           4,79            5,18                                    Total

     Utang obligasi                                                                                                                 Bonds payable
       PT Bank Danamon Indonesia Tbk                  10.085           10.085           0,63            0,71     PT Bank Danamon Indonesia Tbk
                                                                                                                     PT Asuransi Mitra Pelindung
       PT Asuransi Mitra Pelindung Mustika             1.858            6.051           0,12            0,42                         Mustika
   Jumlah                                             11.943           16.136           0,75            1,13                                   Total
     Pinjaman subordinasi                                                                                                      Subordinated Loan
       JACCS Co., Ltd., Jepang                             877             877          0,05            0,06              JACCS Co., Ltd., Japan
   Jumlah                                                  877             877          0,05            0,06                                       Total

   Beban umum dan administrasi                                                                                    General and administrative expenses
     Asuransi                                                                                                                              Insurance
       PT Asuransi Mitra Pelindung Mustika                 604             650          0,04            0,05   PT Asuransi Mitra Pelindung Mustika
     Biaya sewa                                                                                                                       Rent expenses
       PT Mitra Pinasthika Mustika Rent*                     -             507          0,00            0,04    PT Mitra Pinasthika Mustika Rent*
     Jasa lelang                                                                                                                        Auction fees
       PT Balai Lelang Asta Nara Jaya*                       -               68         0,00            0,00     PT Balai Lelang Asta Nara Jaya*
   Jumlah                                                  604            1,225         0,04            0,09                                      Total

   Pada tanggal 31 Desember 2023 dan 2022, tidak ada                               As of 31 December 2023 and 2022, there was no allowance
   cadangan kerugian penurunan nilai yang dibukukan                                for impairment losses that have been recorded against
   atas piutang pembiayaan dan piutang lain-lain yang                              financing receivables and other receivables from key
   diberikan dari personil manajemen kunci.                                        management personnel.




   *Sejak akhir Mei 2022 bukan merupakan pihak berelasi                                                  *By end of May 2022 is not a related party

                                                                     78
Page 276
                                    PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

                 CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
           (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


34. PIHAK-PIHAK BERELASI (Lanjutan)                                                34. RELATED PARTIES (Continued)
   Transaksi dengan pihak berelasi (Lanjutan)                                           Transactions with related parties (Continued)

   Kompensasi personil manajemen inti untuk tahun-                                      Key management personnel compensation for the
   tahun yang berakhir 31 Desember 2023 dan 2022                                        years ended 31 December 2023 and 2022 comprised
   terdiri dari:                                                                        of:
                                                                Tahun berakhir 31 Desember/
                                                                  Year ended 31 December
                                                                 2023                 2022

   Imbalan kerja jangka pendek                                       13.952                11.713)                      Short-term employment benefits
   Imbalan pascakerja                                                   165                   124)                             Post-employment benefits
   Imbalan kerja jangka panjang lainnya                               1.593                 2.401)                  Other long-term employment benefits


35. INSTRUMEN KEUANGAN                                                             35. FINANCIAL INSTRUMENTS

   a.   Klasifikasi aset dan liabilitas keuangan                                        a. Classification of financial assets and liabilities

        Tabel di bawah ini menunjukkan nilai tercatat dan                                     The following table sets out the carrying amounts
        nilai wajar dari aset dan liabilitas keuangan utama                                   and the fair values of the Company’s main financial
        Perusahaan berdasarkan kategori masing-masing                                         assets and liabilities based on their respective
        pada tanggal 31 Desember 2023 dan 2022.                                               category as of 31 December 2023 and 2022.
                                                                     31 Desember/ December 2023
                                        Diukur pada nilai
                                       wajar melalui laba                              Jumlah nilai
                                              rugi/             Biaya perolehan          tercatat/
                                       Fair value through         diamortisasi/       Total carrying        Nilai wajar/
                                          profit or loss        Amortized cost            amount            Fair value

        Aset keuangan                                                                                                                        Financial assets
           Kas dan bank                                     -            309.035              309.035              309.035       Cash on hand and in banks
           Piutang pembiayaan -
               bersih                                       -          6.601.168            6.601.168            6.582.877        Financing receivables - net
           Piutang sewa pembiayaan -
               bersih                                  -                 759.216              759.216              761.244    Finance lease receivables - net
           Piutang lain-lain                           -                 235.753              235.753              235.753                 Other receivables
           Aset derivatif                         67.388                       -               67.388               67.388                 Derivative assets
                                                  67.388               7.905.172            7.972.560            7.956.297
        Jumlah                                                                                                                                              Total

        Liabilitas keuangan                                                                                                                 Financial liabilities
           Utang usaha                                      -             58.962                58.962               58.962                 Accounts payable
           Liabilitas lain-lain                             -             58.345                58.345               58.345                   Other liabilities
           Beban yang masih
               harus dibayar                                -             39.108               39.108               39.108                 Accrued expenses
           Pinjaman yang diterima                           -          4.972.981            4.972.981            4.967.920                       Borrowings
           Surat utang jangka
                menengah                               -                 302.098              302.098              302.098                Medium term notes
           Utang obligasi                              -                 922.521              922.521              942.128                    Bonds payable
           Pinjaman subordinasi                        -                  13.096               13.096               13.096                 Subordinated loan
           Liabilitas derivatif                   78.076                       -               78.076               78.076                Derivative liabilities
                                                  78.076               6.367.111            6.445.187            6.459.733
        Jumlah                                                                                                                                              Total

                                                                     31 Desember/ December 2022
                                        Diukur pada nilai
                                       wajar melalui laba                              Jumlah nilai
                                              rugi/             Biaya perolehan          tercatat/
                                       Fair value through         diamortisasi/       Total carrying      Nilai wajar/Fair
                                          profit or loss        Amortized cost            amount                value

        Aset keuangan                                                                                                                        Financial assets
           Kas dan bank                                     -            438.206              438.206              438.206       Cash on hand and in banks
           Piutang pembiayaan -
               bersih                                       -          6.387.217            6.387.217            6.375.004        Financing receivables - net
           Piutang sewa pembiayaan -
               bersih                                  -                 884.247              884.247              903.107    Finance lease receivables - net
           Piutang lain-lain                           -                 186.056              186.056              186.056                 Other receivables
           Aset derivatif                        184.703                       -              184.703              184.703                 Derivative assets
                                                 184.703               7.895.726            8.080.429            8.087.076
        Jumlah                                                                                                                                              Total

        Liabilitas keuangan                                                                                                                 Financial liabilities
           Utang usaha                                      -             56.813                56.813               56.813                 Accounts payable
           Liabilitas lain-lain                             -             47.483                47.483               47.483                   Other liabilities
           Beban yang masih harus                           -
               dibayar                                                    60.135               60.135               60.135                 Accrued expenses
           Pinjaman yang diterima                           -          5.333.491            5.333.491            5.318.986                       Borrowings
           Surat utang jangka                               -
                menengah                                                 301.942              301.942              301.942                Medium term notes
           Utang obligasi                              -                 649.324              649.324              656.802                    Bonds payable
           Pinjaman subordinasi                        -                  13.096               13.096               13.096                 Subordinated loan
           Liabilitas derivatif                   60.169                       -               60.169               60.169                Derivative liabilities
        Jumlah                                    60.169               6.462.284            6.522.453            6.515.426                                   Total


                                                                           79
Page 277
                           PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

              CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
        (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


35. INSTRUMEN KEUANGAN (Lanjutan)                                  35. FINANCIAL INSTRUMENTS (Continued)

   b.   Nilai wajar instrumen keuangan                                b.   Fair values of financial instrument

        Model penilaian                                                    Valuation models

        Perusahaan mengukur nilai wajar untuk instrumen                    The Company measures fair value for financial
        keuangan yang diakui pada nilai wajar dengan                       instrument recognized at fair values using the following
        menggunakan tingkat hirarki berikut ini:                           hierarchy level:
        - Level 1: harga kuotasian (tanpa penyesuaian) di pasar            - Level 1: quoted prices (unadjusted) in active markets
          aktif untuk aset atau liabilitas yang identik.                     for identical assets or liabilities.
        - Level 2: input selain harga kuotasian yang termasuk              - Level 2: inputs other than quoted prices included in
          dalam Level 1 yang dapat diobservasi untuk aset atau               Level 1 that are observable for the asset or liability,
          liabilitas, baik secara langsung (yaitu sebagai harga)             either directly (i.e. as prices) or indirectly (i.e. derived
          atau tidak langsung (yaitu ditentukan dari harga).                 from prices).
        - Level 3: input yang tidak dapat diobservasi untuk aset           - Level 3: inputs for the asset or liability that are not
          atau liabilitas.                                                   based on observable market data (unobservable
                                                                             inputs).

        Teknik penilaian mencakup model nilai kini bersih dan              Valuation techniques include net present value and
        arus kas yang didiskontokan, perbandingan dengan                   discounted cash flow models, comparison with
        instrumen sejenis yang harga pasarnya tersedia, serta              similar instruments for which market observable
        dapat diobservasi, serta model penilaian lainnya.                  prices exist and other valuation models.
        Asumsi dan input yang digunakan dalam teknik                       Assumptions and inputs used in valuation techniques
        penilaian meliputi suku bunga bebas risiko (risk-free)             include risk-free and benchmark interest rates and
        dan suku bunga acuan serta credit spreads yang                     credit spreads used in estimating discount rates,
        digunakan untuk mengestimasi tingkat diskonto,                     bond prices and foreign currency exchange rates.
        harga obligasi dan nilai tukar mata uang asing.

        Tujuan dari teknik penilaian adalah untuk pengukuran               The objective of valuation techniques is to arrive at a
        nilai wajar yang mencerminkan harga yang akan                      fair value measurement that reflects the price that
        diterima untuk menjual aset atau harga yang akan                   would be received to sell the asset or paid to transfer
        dibayar untuk mengalihkan suatu liabilitas dalam                   the liability in an orderly transaction between market
        transaksi teratur (orderly transactions) antara pelaku             participants at the measurement date.
        pasar (market participants) pada tanggal pengukuran.

        Pertimbangan dan estimasi manajemen biasanya                       Management judgment and estimation are usually
        memerlukan pemilihan model yang sesuai untuk                       required for selection of the appropriate valuation
        digunakan, penentuan arus kas masa depan yang                      model to be used, determination of expected future
        diharapkan pada instrumen keuangan yang dinilai,                   cash flows on the financial instrument being valued,
        penentuan probabilitas kegagalan pihak lawan dan                   determination of the probability of counterparty
        pembayaran dimuka dan pemilihan tingkat diskonto                   default and prepayments and selection of
        yang tepat.                                                        appropriate discount rates.

        Estimasi nilai wajar yang diperoleh dari model                     Fair values estimates obtained from models are
        disesuaikan dengan faktor-faktor lain, seperti risiko              adjusted for any other factors, such as liquidity risk
        likuiditas atau ketidakpastian model, sepanjang                    or model uncertainties, to the extent that the
        Perusahaan berkeyakinan bahwa pelaku pasar pihak                   Company believes that a third party market
        ketiga akan memperhitungkan mereka dalam                           participants would take them into account in pricing
        menentukan      harga      transaksi.   Nilai   wajar              a transaction. Fair values reflect the credit risk of the
        mencerminkan risiko kredit instrumen termasuk                      instrument and include adjustments to take account
        penyesuaian untuk memperhitungkan risiko kredit                    of the credit risk of the Company and the
        Perusahaan dan pihak lawan. Untuk mengukur                         counterparty where appropriate. For measuring
        derivatif yang klasifikasinya mungkin berubah dari                 derivatives that might change classification from
        aset menjadi liabilitas atau sebaliknya seperti swap               being an asset to a liability or vice versa such as
        suku bunga, nilai wajar memperhitungkan Credit                     interest rate swaps, fair values take into account both
        Valuation Adjustment (“CVA”) dan Debit Valuation                   credit valuation adjustment (CVA) and debit
        Adjustment     (“DVA”)      ketika    pelaku    pasar              valuation adjusment (DVA) when market participants
        mempertimbangkan hal ini dalam harga derivatif.                    take this into consideration in pricing the derivatives.




                                                             80
Page 278
                                   PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

               CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
         (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


35. INSTRUMEN KEUANGAN (Lanjutan)                                     35. FINANCIAL INSTRUMENTS (Continued)
   b. Nilai wajar instrumen keuangan (Lanjutan)                                b.    Fair values of financial instrument (Continued)
      Kerangka Penilaian                                                             Valuation Framework
      Penilaian aset keuangan dan liabilitas keuangan                                Valuation of financial assets and financial liabilities are
      dikaji secara independen dari bisnis oleh Direktur                             subject to an independent review of the business, by
      Keuangan.      Direktur      Keuangan     terutama                             Finance Director. Finance Director is primarily
      bertanggung jawab untuk memastikan bahwa                                       responsible for ensuring that valuation adjustments
      penyesuaian penilaian telah dilakukan secara tepat.                            have been properly accounted for. An independent
      Validasi harga secara independen dilakukan untuk                               price validation was performed to ensure that the
      memastikan bahwa Perusahaan menggunakan data                                   Company uses reliable market data from independent
      pasar yang dapat diandalkan dari sumber-sumber                                 sources (e.g. traded prices and broker quotes) based
      independen (misalnya harga perdagangan dan                                     on consensus data sources. Annual review on the
      kuotasi pialang) berdasarkan konsensus sumber                                  valuation model was done to ensure that the result of
      data. Pengkajian tahunan terhadap model penilaian                              the valuation reflects the market prices.
      dilakukan untuk memastikan bahwa hasil penilaian
      mencerminkan harga pasar.
      Instrumen keuangan yang diukur pada nilai wajar                                Financial instruments measured at fair values
      Pada tanggal 31 Desember 2023 dan 2022,                                        As of 31 December 2023 and 2022, the Company had
      Perusahaan mempunyai instrumen keuangan yang                                   financial instruments recognized at fair value which
      diakui pada nilai wajar yaitu aset dan liabilitas                              are derivative assets and liabilities. Those financial
      derivatif. Instrumen keuangan tersebut diukur dengan                           instruments are measured at hierarchy level 2. The
      menggunakan hirarki level 2. Perusahaan tidak                                  Company does not have any financial instruments
      memiliki instrumen keuangan yang diakui pada nilai                             recognized at fair value that measurement uses
      wajar yang diukur berdasarkan hirarki level 1 dan 3                            hierarchy level 1 and 3 and there was no
      serta tidak ada perpindahan diantaranya. Nilai wajar                           reclassification between them. Fair value of
      derivatif ditentukan dengan teknik penilaian                                   derivatives was determined using valuation
      berdasarkan input yang dapat diobservasi.                                      techniques based on observable inputs.
      Instrumen keuangan yang tidak diukur pada nilai                                Financial instruments not measured at fair values
      wajar
      Tabel di bawah ini menyajikan nilai wajar instrumen                            The following table sets out the fair values of financial
      keuangan yang tidak diukur pada nilai wajar dan                                instruments not measured at fair value and analysis
      analisa atas instrumen keuangan tersebut sesuai                                on those financial instruments by level in the fair value
      dengan masing-masing level pada hirarki nilai wajar.                           hierarchy.
                                                             31 Desember/ December 2023
                                                  Nilai                 Nilai wajar/Fair value
                                                tercatat/
                                                Carrying        Level 2/            Level 3/      Jumlah/
                                                amount          Level 2             Level 3        Total
      Aset keuangan                                                                                                               Financial assets
      Piutang pembiayaan - bersih                6.601.167                 -        6.582.877     6.582.877              Financing receivables - net
      Piutang sewa pembiayaan - bersih             759.215                 -          761.244       761.244          Finance lease receivables - net

                                                 7.360.382                 -        7.344.121     7.344.121

      Liabilitas keuangan                                                                                                       Financial liabilities
      Pinjaman yang diterima                     4.972.981              -           4.967.920     4.967.920                                Borrowings
      Surat utang jangka menengah                  302.098              -             302.098       302.098                      Medium term notes
      Utang obligasi                               922.521        942.128                   -       942.128                            Bonds payable
      Liabilitas sewa (bagian dari liabilitas                                                                          Lease liabilities (part of other
         lain-lain)                                 21.452         21.452                   -        21.452                            liabilities)
      Pinjaman subordinasi                          13.096              -              13.096        13.096                       Subordinated loan

                                                 6.232.148        963.580           5.283.114     6.246.694

                                                             31 Desember/ December 2022
                                                  Nilai                 Nilai wajar/Fair value
                                                tercatat/
                                                Carrying        Level 2/            Level 3/      Jumlah/
                                                amount          Level 2             Level 3        Total
      Aset keuangan                                                                                                               Financial assets
      Piutang pembiayaan - bersih                6.387.217                 -        6.375.004     6.375.004              Financing receivables - net
      Piutang sewa pembiayaan - bersih             884.247                 -          903.107       903.107          Finance lease receivables - net

                                                 7.271.464                 -        7.278.111     7.278.111

      Liabilitas keuangan                                                                                                       Financial liabilities
      Pinjaman yang diterima                     5.333.491              -           5.318.986     5.318.986                                Borrowings
      Surat utang jangka menengah                  301.942              -             301.942       301.942                      Medium term notes
      Utang obligasi                               649.324        656.802                   -       656.802                            Bonds payable
      Liabilitas sewa (bagian dari liabilitas                                                                          Lease liabilities (part of other
         lain-lain)                                 10.108         10.108                   -        10.108                            liabilities)
      Pinjaman subordinasi                          13.096              -              13.096        13.096                       Subordinated loan

                                                 6.307.961        666.910           5.634.024     6.300.934



                                                                81
Page 279
                               PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

               CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
         (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


36. KOMITMEN                                                                   36.     COMMITMENT

   Pada     tanggal   23    Juni   2014,   Perusahaan                                  On 23 June 2014, the Company entered into a non-
   menandatangani Perjanjian Sewa Menyewa yang tidak                                   cancellable lease agreement with PT Mitra Wijaya
   dapat dibatalkan dengan PT Mitra Wijaya Wisesa                                      Wisesa as the Company’s commercial office at Lippo
   sebagai kantor komersial Perusahaan di Lippo                                        Kuningan, Jakarta. The lease period covers 5 years
   Kuningan, Jakarta. Periode sewa adalah 5 tahun sejak                                beginning from 23 June 2014 to 22 June 2019. The
   tanggal 23 Juni 2014 sampai dengan 23 Juni 2019.                                    Company had been extended the lease period with
   Perusahan telah memperpanjang periode masa sewa                                     Addendum II of the Lease Agreement with Ref.
   melalui Addendum II Perjanjian Sewa Menyewa Ref.                                    No. 007/LK.ADD.02/XII/2018 that covers 5 years
   No. 007/LK.ADD02/XII/2018 untuk periode 5 tahun                                     beginning from 23 June 2019 to 22 June 2024. Rental
   sejak 23 Juni 2019 sampai 22 Juni 2024. Pembayaran                                  payments are paid in advance on a quarterly basis. The
   sewa dibayarkan di muka setiap triwulanan.                                          Company had been extended the lease period with
   Perusahaan telah memperpanjang kembali periode                                      Addendum III of the Lease Agreement with Ref. No.
   masa sewa melalui Addendum III Perjanjian Sewa                                      007/LK.ADD03/IX/2020 that cover 1 month beginning
   Menyewa Ref. No 007/LK.ADD03/IX/2020 untuk satu                                     from 23 June 2024 to 22 July 2024.
   bulan 23 Juni 2024 sampai 22 Juli 2024.

   Untuk periode sewa dari tanggal 23 Juni 2019 sampai                                 For the rental period from 23 June 2019 to 22 July 2024,
   22 Juli 2024, Perusahaan telah membayar di muka                                     the Company has paid in advance security deposits
   uang jaminan sebesar Rp 2.898 serta pembayaran                                      amounting to Rp 2,898 and presented the payments as
   tersebut disajikan sebagai “aset lain-lain” pada laporan                            “other assets” on the statements of financial position as
   posisi keuangan per 31 Desember 2023.                                               of 31 December 2023.

   Pada tanggal 31 Desember 2023, jumlah pembayaran                                    As of 31 December 2023, the total future lease
   sewa di masa depan terkait dengan pejanjian sewa                                    payments related to the lease agreement amounted to
   sebesar Rp 2.033.                                                                   Rp 2,033.


37. REKONSILIASI AKTIVITAS PENDANAAN BERSIH                                    37.     NET FINANCING ACTIVITIES RECONCILIATION

   Rekonsiliasi dari aktivitas pendanaan adalah sebagai                                Reconciliation from financing activities are as follows:
   berikut:

                                          Tahun berakhir 31 Desember/Year ended 31 December 2023
                                                                               Pergerakan
                                                                 Pergerakan        beban     Pergerakan
                                                 Arus kas masuk valuta asing/    transaksi/ utang bunga/
                        31 December/                 (keluar)      Foreign     Transaction     Interest  31 Desember/
                         December Penambahan/ bersih/Net cash     exchange          cost       payable     December
                            2022     Additional    in (out)-flow  movement      movement     movement        2023

   Pinjaman yang                                 -)
      diterima            5.333.491)                        (216.800)         (138.520)          (737)       (4.453)   4.972.981          Borrowings
   Surat utang jangka                            -)                                                                                     Medium term
      menengah              301.942)                              -)                   -)         156)            -)       302.098            notes)))
   Utang obligasi           649.324)             -)         270.000)                   -)         188)        3.009)       922.521   Bonds payables
   Liabilitas sewa           10.108)        18.874)          (8.131)                   -)           -)          601)        21.452    Lease liabilities
   Pinjaman                                                                                                                             Subordinated
      subordinasi            13.096)             -)                -)                  -)           -)            -)        13.096              loan)))
   Jumlah liabilitas                                                                                                                   Total liabilities
      dari aktivitas                                                                                                                   from financing
      pendanaan           6.307.961)        18.874)          45.069)          (138.520)         (393))         (843)   6.232.148          activities)))


                                          Tahun berakhir 31 Desember/Year ended 31 December 2022
                                             Arus kas                   Pergerakan
                                              masuk       Pergerakan       beban     Pergerakan
                                             (keluar)     valuta asing/  transaksi/ utang bunga/
                             31 December/   bersih/Net      Foreign     Transaction    Interest  31 Desember/
                              December     cash in (out)-  exchange         cost       payable    December
                                 2021          flow        movement     movement     movement        2022

   Pinjaman yang diterima       4.805.521       334.132)        198.790)             (10.293)       5.341)    5.333.491)                    Borrowings
   Surat utang jangka
      menengah                    304.196              -)                -)             (348)      (1.906)      301.942)           Medium term notes
   Utang obligasi                 663.086        (16.000)                -)           (2.543)       4.781)      649.324)              Bonds payables
   Liabilitas sewa                 16.975         (8.113)                -)                -)       1.246)       10.108)               Lease liabilities
   Pinjaman subordinasi            13.094              -)                -)                -)           2)       13.096)            Subordinated loan
   Jumlah liabilitas dari                                                                                                          Total liabilities from
      aktivitas pendanaan       5.802.872       310.019)        198.790)             (13.184)       9.464)    6.307.961)         financing activities




                                                                    82
Page 280
                           PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

              CATATAN ATAS LAPORAN KEUANGAN/NOTES TO THE FINANCIAL STATEMENTS
        (Dalam jutaan Rupiah, kecuali dinyatakan lain/In millions of Rupiah, unless otherwise specified)


38. STANDAR AKUNTANSI YANG DITERBITKAN NAMUN                         38.   ISSUED BUT NOT YET EFFECTIVE ACCOUNTING
    BELUM EFEKTIF                                                          STANDARDS

   Beberapa standar akuntansi baru dan amendemen                           Certain new accounting standards and amendments
   telah diterbitkan tetapi belum berlaku efektif untuk tahun              have been issued that are not yet effective for the year
   yang berakhir pada tanggal 31 Desember 2023, dan                        ended 31 December 2023, and have not been applied
   belum diterapkan dalam penyusunan laporan keuangan                      in preparing these financial statements. Among them,
   ini. Diantaranya, PSAK dan ISAK berikut ini, yang akan                  the following PSAKs and ISAKs, which will become
   berlaku efektif untuk periode pelaporan yang dimulai                    effective for reporting periods beginning on or after
   pada atau setelah 1 Januari 2024, mungkin relevan                       1 January 2024, may be relevant to the Company’s
   dengan laporan keuangan Perseroan di masa depan,                        future financial statements, and may require
   dan mungkin memerlukan penerapan retrospektif                           retrospective application under PSAK No. 25,
   berdasarkan PSAK 25 “Kebijakan Akuntansi,                               “Accounting Policies, Changes in Accounting
   Perubahan dalam Estimasi Akuntansi, dan Kesalahan”.                     Estimates, and Errors”:
   PSAK yang akan berlaku sejak tanggal 1 Januari 2024:                    PSAK that will become effective on 1 January 2024:

      Amendemen PSAK 1, “Penyajian Laporan                                   Amendments to PSAK 1, “Presentation of
       Keuangan: Liabilitas Jangka Panjang dengan                              Financial Statements: Disclosure of Long-Term
       Kovenan”;                                                               Liabilities under the Covenant”;
      Amendemen PSAK 2, “Laporan Arus Kas”;                                  Amendments to PSAK 2, “Cash Flow Statement”;
      Amendemen PSAK 73, “Sewa: Liabilitas Sewa                              Amendments to PSAK 73, “Lease: Lease
       pada Transaksi Jual dan Sewa-Balik”.                                    Liabilities on Sale and Leaseback Transactions”.

   PSAK yang akan berlaku sejak tanggal 1 Januari 2025:                    PSAK that will become effective on 1 January 2025:

      Amendemen PSAK 10, “Pengaruh Perubahan Kurs                            Amendments to PSAK 10, “The Effect of Changes
       Valuta Asing”.                                                          in Foreign Exchange Rates”.

   Pada saat penerbitan laporan keuangan, Perusahaan                       As at the authorization date of these financial
   masih mengevaluasi dampak yang mungkin timbul dari                      statements, the Company is still evaluating the potential
   penerapan standar baru tersebut serta pengaruhnya                       impact of the new standard to the financial statements.
   terhadap laporan keuangan.




                                                                83
Page 281
~

Siddharta Widjaja & Rekan
Registered Public Accountants
35 th Floor Ja karta Mori Tow er
40-41, JI. Jend. Sud irm an
Ja karta 1021 0
Indonesia
+62 (21) 574 2333 / 574 2888



Laporan Auditor lndependen                                                                                                                    Independent Auditors' Report

No.: 00099/2 . 1005/AU.1/09/0851-3/1/III/2024                                                                           No. : 00099/2.1005/A U.1 /09/0851-3/1/lll/2024

Para Pemegang Saham,                                                                                                                        The Shareholders,
Komisaris dan Direksi                                                                                                            Commissioners and Directors
PT JACCS Mitra Pinasthika Mustika Finance Indonesia:                                                     PT JACCS Mitra Pinasthika Mustika Finance Indonesia:




Opini                                                                                          Opinion
Kami telah mengaudit laporan keuangan PT JACCS Mitra                                           We have audited the financial statements of PT JACCS Mitra
Pinasthika Mustika Finance Indonesia ("Perseroan"), yang                                       Pinasthika Mustika Finance Indonesia ("the Company''),
terdiri dari laporan posisi keuangan tanggal 31 Desember 2023,                                 which comprise the statement offinancial position as of
serta laporan laba rugi dan penghasilan komprehensif lain,                                     31 December 2023, the statements ofprofit or loss and other
laporan perubahan ekuitas, dan laporan arus kas untuk tahun                                    comprehensive income, changes in equity, and cash flows for
yang berakhir pada tanggal tersebut, serta catatan, yang terdiri                               the year then ended, and notes, comprising material accounting
dari informasi kebijakan akuntansi material dan informasi                                      policies and other explanatory information.
penjelasan lainnya.

Menurut opini kami, laporan keuangan terlampir menyajikan                                       In our opinion, the accompanying financial statements present
secara wajar, dalam semua hal yang material, posisi keuangan                                   fairly, in all material respects, the financial position of the
Perseroan tanggal 31 Desember 2023, serta kinerja keuangan                                      Company as of 3 I December 2023, and its financial
dan arus kasnya untuk tahun yang berakhir pada tanggal                                         performance and its cash flows for the year then ended in
tersebut, sesuai dengan Standar Akuntansi Keuangan di                                           accordance with Indonesian Financial Accounting Standards.
Indonesia.


Basis Opini                                                                                    Basis for Opinion
Kami melaksanakan audit kami berdasarkan Standar Audit                                         We conducted our audit in accordance with Standards on
yang ditetapkan oleh Institut Akuntan Publik Indonesia.                                        Auditing established by the Indonesian Institute of Certified
Tanggungjawab kami menurut standar tersebut diuraikan lebih                                    Public Accountants. Our responsibilities under those standards
lanjut dalam paragraf Tanggung Jawab Auditor terhadap Audit                                    are further described in the Auditors ' Responsibilities for the
atas Laporan Keuangan pada laporan kami. Kami independen                                       Audit of the Financial Statements paragraph of our report. We
terhadap Perseroan berdasarkan ketentuan etika yang relevan                                    are independent of the Company in accordance with the ethical
dalam audit kami atas laporan keuangan di Indonesia, dan kami                                  requirements that are relevant to our audit of the financial
telah memenuhi tanggung jawab etika lainnya berdasarkan                                        statements in Indonesia, and we have fulfilled our other ethical
ketentuan tersebut. Kami yakin bahwa bukti audit yang telah                                    responsibilities in accordance with these requirements. We
kami peroleh adalah cukup dan tepat untuk menyediakan suatu                                    believe that the audit evidence we have obtained is sufficient
basis bagi opini audit kami.                                                                   and appropriate to provide a basis for our opinion.




 S1ddharta W1djaJa & Re>.an - Registered Public Accountants. an Indonesian partnership and a member firm of the KPMG global organization of
 independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee                             License No. · 916/KM.1/2014
Page 282
    ~

Hal Audit Utama                                                   Key Audit Matters
Hal audit utama adalah hal-hal yang, menurut pertimbangan         Key audit matters are those matters that, in our professional
profesional kami, merupakan ha! yang paling signifikan dalam      judgment, were of most significance in our audit of the
audit kami atas Iaporan keuangan periode kini. Hal-ha! tersebut   financial statements of the current period. These matters were
disampaikan dalam konteks audit kami atas laporan keuangan         addressed in the context of our audit of the financial statements
secara keseluruhan, dan dalam merumuskan opini kami atas           as a whole, and informing our opinion thereon, and we do not
laporan keuangan terkait, kami tidak menyatakan suatu opini       provide a separate opinion on these matters.
terpisah atas ha! audit utama tersebut.
Cadangan kerugia n penurunan nil ai piutang pembiayaan            Allowance for impairment losses offinancing receivables and
an d piu tang sewa pembiayaan (Kerugian Kred it                   finance lease receivables (Expected Credit Losses "ECL ")
Ekspektasia n "KKE")

Pada tanggal 31 Desember 2023, Perseroan melaporkan               As of 3 I December 202 3, the Company reported allowance for
cadangan kerugian penurunan nilai untuk :                         impairment losses for :
-   Piutang pembiayaan sebesar Rp 24 7 .811 juta (Lihat Catatan   -       Financing receivables ofRp 247,811 million (Refer to Note
    7 - Piutang pembiayaan)                                               7 - Financing receivables)
-   Piutang sewa pembiayaan sebesar Rp 14.714 juta (Lihat         -       Finance lease receivables of Rp 14, 714 million (Refer to
    Catatan 8 - Piutang sewa pembiayaan)                                  Note 8 - Finance lease receivables)
Cadangan kerugian penurunan nilai piutang pembiayaan and          The allowance for impairment losses offinancing receivables
piutang sewa pembiayaan merupakan estimasi terbaik                and finance lease receivables represents management's best
manajemen pada tanggal pelaporan berdasarkan standar              estimate at the reporting date in accordance with the
akuntansi yang berlaku.                                           applicable accounting standard.

Kami mengidentifikasi cadangan kerugian penurunan nilai           We identified allowance for impairment losses offinancing
piutang pembiayaan dan piutang sewa pembiayaan sebagai ha!        receivables andfinance lease receivables as a key audit matter
audit utama karena penentuan atas KKE memerlukan                  because the determination of ECL requires significant
pertimbangan manajemen yang signifikan dan memiliki tingkat       management judgment and is subject to a high degree of
ketidakpastian estimasi yang tinggi . Lebih lanjut, dalam         estimation uncertainty. In addition, in determining the ECL, the
menentukan KKE, Perseroan mengadopsi model yang                   Company adopted complex models, using various assumptions,
kompleks, menggunakan sejumah asumsi, dan mengandalkan            and relied on internal and external data inputs (Refer to Note 5
input data internal dan ekstemal (Lihat Catatan 5 - Penggunaan    - Use of estimates and judgments).
estimasi dan pertimbangan).

Pengukuran KKE melibatkan pertimbangan manajemen yang              The measurement of ECL involves significant management
signifikan, termasuk antara Iain:                                 judgement, including, among others:


•     Pemilihan model, data dan asumsi yang digunakan dalam        •        Selection of models, data and assumptions used in the
      perhitungan KKE;                                                      ECL calculation;

•     Segmentasi portfolio yang memiliki karakteristik risiko      •        Segmentation ofportfolios sharing similar credit risk
      kredit yang serupa;                                                   characteristics;

•     Penentuan apakah telah terjadi peningkatan risiko kredit        •     Determination of whether or not there was a significant
      yang signifikan (perpindahan dari Tahap 1 ke tahap 2)                 increase in credit risk (transfer from Stage 1 to Stage 2)
      atau gaga! bayar (perpindahan dari Tahap 2 ke Tahap 3) di             or a default (transfer from Stage 2 to Stage 3) in the
      dalam klasifikasi piutang pembiayaan dan piutang sewa                 classification offinancing receivables and finance lease
      pembiayaan ke dalam Tahap 1, Tahap 2 dan Tahap 3;                     receivables into Stage 1, Stage 2 and Stage 3;

•     Penentuan variabel makroekonomi untuk perkiraan masa            •     Determination of macroeconomic variables for forward-
      depan, penerapan skenario ekonomi dan pembobotan                      looking measurement, application of economic scenarios
      probabilitas tertimbang setiap skenario;                              and its probability weightings;


      Penentuan estimasi arus kas masa depan berdasarkan              •     Determination of estimated future cash flows based on the
      perkiraan waktu realisasi yang diharapkan dan perkiraan               expected timing of realization and estimated proceeds
      nilai dari agunan yang dipegang oleh Perseroan untuk                  from the value of the collaterals held by the Company for
      piutang sewa pembiayaan yang telah mengalami                           impairedfinance lease receivables which are assessed
      penurunan nilai yang dinilai secara individu.                          individually.
Page 283
Bagaimana aud it kami merespons Hal Audit Utama                How our audit addressed the Key Audit Matter
Kami memeroleh pemahaman mengenai pengendalian utama           We obtained an understanding of management's key controls
dan pendekatan manajemen dalam menghitung KKE untuk            and approach in the ECL calculation for financing receivables
piutang pembiayaan dan piutang sewa pembiayaan untuk           and.finance lease receivables to assess the inherent risk of
menilai risiko inheren dari salah saj i material dengan        material misstatement by considering the degree of estimation
mempertimbangkan tingkat ketidakpastian estimasi dan tingkat   uncertainty and level of other inherent risks.
risiko inheren lainnya.

Kami mengevaluasi dan menguji desain dan implementasi          We evaluated and tested the design and implementation of the
pengendalian internal yang berkaitan dengan pengukuran KKE     internal controls relating to ECL measurement for financing
untuk piutang pembiayaan dan piutang sewa pembiayaan,          receivables and.finance lease receivables, including, among
termasuk antara lain :                                         others:

•    Penelaahan dan persetujuan manajemen atas informasi       •    Management's review and approval over the
     variabel makroekonomi yang digunakan dalam model               macroeconomic variables information used in ECL
     KKE;                                                           models;

•    Pengendalian atas kelengkapan dan akurasi atas            •    Controls over completeness and accuracy of the input of
     pemasukan data kritikal ke dalam sistem sumber dan             critical data into source system and the transfer of critical
     perpindahan data kritikal dari sistem sumber ke dalam          data from source system to ECL calculation system;
     sistem perhitungan KKE;

•    Rekonsiliasi dan analisis atas kelengkapan perhitungan    •    Reconciliation and analysis on completeness of ECL
     KKE terhadap seluruh piutang pembiayaan dan piutang            calculation over all offinancing receivables and.finance
     sewa pembiayaan;                                               lease receivables;

•    Penelaahan dan persetujuan manajemen atas hasil KKE .     •    Management's review and approval over the ECL results.


Selain itu, prosedur kami mencakup :                           In addition, our procedures included:

•    Melibatkanfinancial risk modelling specialist internal    •    Involve our internal.financial risk modelling specialists to
     kami untuk mengevaluasi model, asumsi (termasuk                evaluate models, assumptions (including macroeconomic
     variabel makroekonomi) dan input yang digunakan untuk          variables) and input used in ECL calculation as to
     menghitung KKE apakah telah memadai, menilai apakah            whether they are appropriate, assess whether the changes
     perubahan yang dilakukan atas model, asumsi dan input          of model, assumptions and input used are supported with
     yang digunakan terdukung dengan justifikasi yang               appropriate justification, and reperform the ECL
     memadai, dan melakukan perhitungan ulang KKE atas              calculation on selected samples;
     sampel yang dipilih;

•    Membandingkan variabel makroekonomi dan asumsi            •    Compare the macroeconomic variables and other
     lainnya yang digunakan dengan sumber informasi                 assumptions used with external and internal information
     eksternal maupun internal, dan mengidentifikasi apakah         source, and identify contradictory indicators;
     ada indikator yang berlawanan;

•    Pengujian relevansi dan keandalan (kelengkapan dan        •    Test the relevance and reliability (completeness and
     akurasi) dari data yang digunakan dalam perhitungan            accuracy) of data used in calculating ECL to the source
     KKE terhadap sistem sumber;                                    system,·

•    Pengujian ketepatan pengelompokan piutang pembiayaan      •     Test the appropriateness of.financing receivables and
     dan piutang sewa pembiayaan ke dalam Tahap 1, Tahap 2          finance lease receivables classification into Stage 1, Stage
     dan Tahap 3. Kami melakukan pengecekan akurasi                 2 and Stage 3. We check the accuracy of days past due
     perhitungan jumlah hari tunggakan yang menjadi basis           which are used as the basis for classification,·
     pengelompokan;

•    Menilai analisis manajemen atas kecukupan KKE yang        •    Assess the management 's analysis on sufficiency of ECL
     diakui pada tanggal pelaporan;                                 recognized as of reporting date,·


•    Mengevaluasi analisis uji-balik (back-testing) yang        •   Evaluate back-testing analysis by the management to
     dilakukan manajemen untuk menilai kecukupan KKE ;              assess the sufficiency of ECL;
Page 284
•   Pengujian ketepatan pengelompokan segmentasi piutang       •    Test the appropriateness offinancing receivables
    pembiayaan. Kami melakukan pengecekan akurasi tipe              segmentation classification. We check the accuracy of
    produk ke dalam perhitungan KKE;                                product type for ECL calculation;

•   Melakukan analisa terhadap jumlah KKE untuk                •    Perform analysis over ECL amount to determine if the
    menentukan apakah KKE memadai dengan                            ECL was reasonable by considering the overall financing
    mempertimbangkan kualitas piutang pembiayaan dan                receivables andfinance lease receivables quality, risk
    piutang sewa pembiayaan secara keseluruhan, profil              profile, receivable restructurings given to debtors,
    risiko, restrukturisasi piutang yang diberikan kepada           macroeconomic condition and other factors;
    peminjam, kondisi makroekonomi dan faktor lainnya;

    Menguji penentuan estimasi arus kas masa depan             •    On selected samples, test the appropriateness of
    berdasarkan perkiraan waktu realisasi yang diharapkan           determination of estimated future cash flows based on the
    dan perkiraan nilai dari agunan yang dipegang oleh              expected timing of realization and estimated proceeds
    Perseroan untuk piutang sewa pembiayaan yang telah              from the value of the collaterals held by the Company for
    mengalami penurunan nilai yang dinilai secara individu           impairedfinance lease receivables which are assessed
    untuk sampel terpilih ;                                          individually;

    Reviu kecukupan pengungkapan sesuai dengan standar              Review the adequacy of disclosures in accordance with
    akuntansi yang berlaku.                                         the prevailing accounting standards.


Informasi Lain                                                 Other Information

Manajemen bertanggungjawab atas informasi lain. Informasi      Management is responsible for the other information. The other
lain terdiri dari informasi yang tercantum dalam Laporan       information comprises the information included in the 2023
Tahunan 2023, tetapi tidak mencantumkan laporan keuangan       Annual Report, but does not include the financial statements
dan laporan auditor kami. Laporan Tahunan 2023 diharapkan      and the auditors ' report thereon. The 2023 Annual Report is
akan tersedia bagi kami setelah tanggal laporan auditor ini.   expected to be made available to us after the date of this
                                                               auditors' report.
Opini kami atas laporan keuangan tidak mencakup informasi      Our opinion on the financial statements does not cover the
lain, dan oleh karena itu, kami tidak menyatakan bentuk        other information and we do not express any form of assurance
keyakinan apapun atas informasi Iain tersebut.                 conclusion thereon.

Sehubungan dengan audit kami atas Iaporan keuangan,            In connection with our audit of the financial statements, our
tanggung jawab kami adalah untuk membaca informasi lain        responsibility is to read the other information identified above
yang teridentifikasi di atas, jika tersedia dan, dalam         when it becomes available and, in doing so, consider whether
melaksanakannya, mempertimbangkan apakah informasi lain        the other information is materially inconsistent with the
mengandung ketidakkonsistensian material dengan laporan        financial statements or our knowledge obtained in the audit, or
keuangan atau pemahaman yang kami peroleh selama audit,         otherwise appears to be materially misstated.
atau mengandung kesalahan penyajian material.
Ketika kami membaca laporan tahunan Perseroan, jika kami       When we read the Company 's annual report, if we conclude
menyimpulkan bahwa terdapat suatu kesalahan penyajian          that there is a material misstatement therein, we are required to
material di dalamnya, kami diharuskan untuk                    communicate the matter to those charged with governance and
mengomunikasikan ha! tersebut kepada pihak yang                take appropriate actions based on the applicable laws and
bertanggung jawab atas tata kelola dan melakukan tindakan      regulations.
yang tepat berdasarkan peraturan perundang-undangan yang
berlaku.
Page 285
~

Tanggung Jawab Manajemen dan Piliak yang Bertanggung               Responsibilities of Management and Those Charged with
Jawab atas Tata Keio/a terhadap Laporan Keuangan                   Governan ce for the Financial Statements
Manajemen bertanggungjawab atas penyusunan dan penyajian           Management is responsible for the preparation and fair
wajar laporan keuangan tersebut sesuai dengan Standar              presentation of these financial statements in accordance with
Akuntansi Keuangan di Indonesia, dan atas pengendalian             Indonesian Financial Accounting Standards, and for such
internal yang dianggap perlu oleh manajemen untuk                   internal control as management determines is necessary to
memungkinkan penyusunan laporan keuangan yang bebas dari           enable the preparation offinancial statements that are free
kesalahan penyajian material, baik yang disebabkan oleh            from material misstatement, whether due to fraud or error.
kecurangan maupun kesalahan .

Dalam penyusunan laporan keuangan, manajemen bertanggung           In preparing the financial statements, management is
jawab untuk menilai kemampuan Perseroan dalam                      responsible for assessing the Company's ability to continue as
mempertahankan kelangsungan usahanya, mengungkapkan,               a going concern, disclosing, as applicable, matters related to
sesuai dengan kondisinya, hal-hal yang berkaitan dengan            going concern and using the going concern basis of accounting
kelangsungan usaha, dan menggunakan basis akuntansi                unless management either intends to liquidate the Company or
kelangsungan usaha, kecuali manajemen memiliki intensi             to cease operations, or has no realistic alternative but to do so.
untuk melikuidasi Perseroan atau menghentikan operasi, atau
tidak memiliki alternatif yang realistis selain melaksanakannya.
Pihak yang bertanggungjawab atas tata kelola be1ianggung           Thos e charged with governance are responsible for overseeing
jawab untuk mengawasi proses pelaporan keuangan Perseroan.         the Company's financial reporting process.


Tanggung Jawab Auditor ter!tadap Audit atas Laporan                Auditors' Responsibilities for the Audit of the Financial
Keuangan                                                           Statements

Tujuan kami adalah untuk memeroleh keyakinan memadai               Our objectives are to obtain reasonable assurance about
tentang apakah laporan keuangan secara keseluruhan bebas dari      whether the financial statements as a whole are free from
kesalahan penyaji an material, baik yang disebabkan oleh           material misstatement, whether due to fraud or error, and to
kecurangan maupun kesalahan, dan untuk menerbitkan laporan         issue an auditors ' report that includes our opinion. Reasonable
auditor yang mencakup opini kami . Keyakinan memadai               assurance is a high level of assurance, but is not a guarantee
merupakan suatu tingkat keyakinan tinggi, namun bukan              that an audit conducted in accordance with the Standards on
merupakan suatujaminan bahwa audit yang dilaksanakan               Auditing will always detect a material misstatement when it
berdasarkan Standar Audit akan selalu mendeteksi kesalahan         exists. Misstatements can arise from fraud or error and are
penyajian material ketika hal tersebut ada. Kesalahan penyajian    considered material if, individually or in the aggregate, they
dapat disebabkan oleh kecurangan maupun kesalahan dan              could reasonably be expected to influence the economic
dianggap material jika, baik secara individual maupun secara       decisions of users taken on the basis of these financial
agregat, dapat diekspektasikan secara wajar akan                   statements.
mempengaruhi keputusan ekonomi yang diambil oleh
pengguna berdasarkan laporan keuangan tersebut.
Sebagai bagian dari suatu audit berdasarkan Standar Audit,         As part of an audit in accordance with the Standards on
kami menerapkan pertimbangan profesional dan                       Auditing, we exercise professional judgment and maintain
mempertahankan skeptisisme profesional selama audit. Kami          professional skepticism throughout the audit. We also:
juga:

 •    Mengidentifikasi dan menilai risiko kesalahan penyajian       •    Identify and assess the risks of material misstatement of
      material dalam laporan keuangan, baik yang disebabkan              the financial statements, whether due to fraud or error,
      oleh kecurangan maupun kesalahan, mendesain dan                    design and perform audit procedures responsive to those
      melaksanakan prosedur audit yang responsif terhadap                risks, and obtain audit evidence that is sufficient and
      risiko tersebut, serta memeroleh bukti audit yang cukup            appropriate to provide a basis for our opinion. The risk of
      dan tepat untuk menyediakan basis bagi opini kami.                 not detecting a material misstatement resulting from fraud
      Risiko tidak terdeteksinya kesalahan penyaj ian material           is higher than for one resulting from error, as fraud may
      yang disebabkan oleh kecurangan lebih tinggi dari yang             involve collusion, forgery, intentional omissions,
      disebabkan oleh kesalahan, karena kecurangan dapat                 misrepresentations, or the override of internal control.
      melibatkan kolusi, pemalsuan, penghilangan secara
      sengaja, pernyataan salah, atau pengabaian pengendalian
      internal.
Page 286
     Memeroleh suatu pemahaman tentang pengendalian               •   Obtain an understanding of internal control relevant to
     internal yang relevan dengan audit untuk mendesain               the audit in order to design audit procedures that are
     prosedur audit yang tepat sesuai dengan kondisinya,              appropriate in the circumstances, but not for the purpose
     tetapi bukan untuk tujuan menyatakan opini atas                  of expressing an opinion on the effectiveness of the
     keefektivitasan pengendalian internal Perseroan.                 Company's internal control.

     Mengevaluasi ketepatan kebijakan akuntansi yang              •   Evaluate the appropriateness of accounting policies used
     digunakan serta kewajaran estimasi akuntansi dan                 and the reasonableness of accounting estimates and
     pengungkapan terkait yang dibuat oleh manajemen.                 related disclosures made by management.

•    Menyimpulkan ketepatan penggunaan basis akuntansi            •   Conclude on the appropriateness of management's use of
     kelangsungan usaha oleh manajemen dan, berdasarkan               the going concern basis of accounting and, based on the
     bukti audit yang diperoleh, apakah terdapat suatu                audit evidence obtained, whether a material uncertainty
     ketidakpastian material yang terkait dengan peristiwa atau       exists related to events or conditions that may cast
     kondisi yang dapat menyebabkan keraguan signifikan               significant doubt on the Company 's ability to continue as
     atas kemampuan Perseroan untuk mempertahankan                    a going concern. If we conclude that a material
     kelangsungan usahanya. Ketika kami menyimpulkan                  uncertainty exists, we are required to draw attention in
     bahwa terdapat suatu ketidakpastian material, kami                our auditors' report to the related disclosures in the
     diharuskan untuk menarik perhatian dalam laporan                 financial statements or, if such disclosures are inadequate,
     auditor kami ke pengungkapan terkait dalam laporan                to modify our opinion. Our conclusions are based on the
     keuangan atau, jika pengungkapan terse but tidak                 audit evidence obtained up to the date of our auditors '
     memadai, harus menentukan apakah perlu untuk                     report. However, future events or conditions may cause
     memodifikasi opini kami. Kesimpulan kami didasarkan               the Company to cease to continue as a going concern.
     pada bukti audit yang diperoleh hingga tanggal laporan
     auditor kami. Namun, peristiwa atau kondisi masa depan
     dapat menyebabkan Perseroan tidak dapat
     mempertahankan kelangsungan usaha.

     Mengevaluasi penyajian, struktur, dan isi laporan            •   Evaluate the overall presentation, structure and content of
     keuangan secara keseluruhan, tennasuk                            the financial statements, including the disclosures, and
     pengungkapannya, dan apakah laporan keuangan                     whether the financial statements represent the underlying
     mencerminkan transaksi dan peristiwa yang                        transactions and events in a manner that achieves fair
     mendasarinya dengan suatu cara yang mencapai                     presentation.
     penyajian wajar.


Kami mengomunikasikan kepada pihak yang bertanggung               We communicate with those charged with governance
jawab atas tata kelola mengenai, antara lain, ruang lingkup dan   regarding, among other matters, the planned scope and timing
saat yang direncanakan atas audit, serta temuan audit             of the audit and significant audit findings , including any
signifikan, termasuk setiap defisiensi signifikan dalam           significant deficiencies in internal control that we identify
pengendalian internal yang teridentifikasi oleh kami selama       during our audit.
audit.

Kami juga memberikan suatu pemyataan kepada pihak yang            We also provide those charged with governance with a
bertanggung jawab atas tata kelola bahwa kami tel ah mematuhi     statement that we have complied with relevant ethical
ketentuan etika yang relevan mengenai independensi, dan           requirements regarding independence, and communicate with
mengomunikasikan seluruh hubungan, serta hal-hal lain yang        them all relationships and other matters that may reasonably
dianggap secara wajar berpengaruh terhadap independensi           be thought to bear on our independence, and where applicable,
kami, dan, jika relevan, pengamanan terkait.                      related safeguards.
Page 287
Dari hal-hal yang dikomunikasikan kepada pihak yang           From the matters communicated with those charged with
bertanggung jawab atas tata kelola, kami menentukan hal-hal   governance, we determine those matters that were of most
tersebut yang paling signifikan dalam audit atas laporan      significance in the audit of the financial statements of the
keuangan periode kini dan oleh karenanya menjadi hal audit    current period and are therefore the key audit matters. We
utama. Kami menguraikan hal audit utama dalam Iaporan         describe these matters in our auditors ' report unless law or
auditor kami, kecuali peraturan perundang-undangan melarang   regulation precludes public disclosure about the matter or
pengungkapan publik tentang hal tersebut atau ketika, dalam   when, in extremely rare circumstances, we determine that a .
kondisi yang sangat jarang terjadi, kami menentukan bahwa     matter should not be communicated in our report because the
suatu ha! tidak boleh dikomunikasikan dalam laporan kami      adverse consequences of doing so would reasonably be
karena konsekuensi merugikan dari mengomunikasikan ha!        expected to outweigh the public interest benefits of such
tersebut akan diekspektasikan secara wajar melebihi manfaat   communication.
kepentingan publik atas komunikasi tersebut.




                                 Kantor Akuntan Publik/Registered Public Accountants
                                             Siddharta Widjaja & Rekan




                                                 Liana Lim, .E., CPA
                              Izin Akuntan Publik/Public Accountant License No. AP. 0851

  Jakarta, 20 Maret 2024                                                                            Jakarta, 20 March 2024
Page 288

          
Page 289
PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA

Lippo Kuningan, Lantai 23 & 25/23rd & 25th Floor
Jl. H.R. Rasuna Said Kav. B-12
Kuningan, Jakarta 12940
Indonesia

T. 1500309

www.jaccs-mpmfinance.com




2023                     Laporan Tahunan
                         Annual Report

File

File Open PDF
Source IDX
Size6.98 MB
Published30 Apr 2024
Pages289
Characters1,545,279
Text sourceEmbedded text layer
OCR confidence—

Names mentioned 171 people and organisations named in the text · linked when the evidence is strong

linked org Mitra Pinasthika Mustika p.2 ×67
linked person BENNY REDJO SETYONO · Komisaris p.20 ×11
linked person CHIHIRO USHIGOME · Komisaris p.20 ×4
linked person KAZUHIRO INOUE · Direktur Utama p.23 ×18
linked person GESTIK DWI PUJI M. · Direktur p.25 ×9
linked person HAJIMU YUKIMOTO · Direktur Keuangan p.25 ×10
linked person KAZUNORI INOUE · Director p.25 ×9
linked org PT Austindo Nusantara Jaya p.31 ×17
linked org XL Axiata Tbk p.43 ×5
linked org Bank Mandiri (Persero) Tbk p.45 ×21
linked org PT Intiland Development p.46
linked org PT Baramulti Suksessarana p.46
linked org Bank Danamon Indonesia Tbk p.50 ×5
linked org PT Bank Mizuho Indonesia p.51 ×7
possible org Bursa Efek Indonesia p.10
possible org Negara Republik Indonesia p.30 ×4
possible person Satria p.30
possible person Alip · Komisaris Independen p.47
possible person Supriyanto · Direktur p.54 ×8
possible org MUFG Bank p.56
possible person Edwin Soeryadjaya p.57
possible — Sandiaga Salahuddin p.57
possible org Saratoga Investama Sedaya Tbk p.57 ×5
possible org PT Saratoga p.57
possible org Bank Rakyat Indonesia (Persero) Tbk. p.59 ×2
possible org DBS Bank p.59
possible — Central Business p.59
possible person Prof. Dr. Satrio p.59
possible org Otoritas Jasa Keuangan p.72 ×2
unresolved org PT JACCS Mitra p.2 ×2
unresolved org PT JACCS Pinasthika Mustika Finance Indonesia p.2
unresolved org PT JACCS MPM Finance Indonesia p.3 ×102
unresolved — Ventura Bersama p.4
unresolved — Ikhtisar Kinerja Sosial p.4
unresolved — and/or Professionals p.4
unresolved person Sambutan · Komisaris p.4 ×3
unresolved — PROFILE p.4
unresolved — Sekilas p.4
unresolved — Review of Business by Segment p.4
unresolved — Debt-Paying Ability p.4
unresolved — Receivables Collectibility Rate p.4
unresolved person Kebijakan Nominasi · Komisaris p.5 ×3
unresolved org PT JACCS Mitra Kebijakan Pengungkapan Informasi p.5
unresolved org PT JACCS Mitra General Meeting p.5
unresolved org PT Indo Premier Sekuritas p.14 ×2
unresolved org PT BRI Danareksa Fitch Ratings Indonesia p.14
unresolved org PT BRI Danareksa Sekuritas p.14
unresolved org Bank Indonesia p.21 ×2
unresolved org Financial Services Authority p.24 ×4
unresolved org PT JACCS Mitra Pinasthika Mustika p.30 ×3
unresolved person Establishment Akta Notaris Rachmat Santoso · Notaris p.30 ×9
unresolved org Menteri Kehakiman Republik Indonesia p.30
unresolved org Menteri p.30 ×2
unresolved org Minister of Justice p.30
unresolved org Minister of Law and Human Rights p.30 ×3
unresolved org PT Mitra Pinasthika Finance Menjadi p.30
unresolved org PT JACCS Mitra Pinasthika Mustika Finance p.30 ×2
unresolved person Jose Dima Satria · Notaris p.30
unresolved org PT Elbatama Securindo p.30 ×4
unresolved org PT Elbatama Finance p.30 ×10
unresolved org PT Austindo Nusantara p.30 ×3
unresolved org PT Mitra Pinasthika p.30 ×3
unresolved org PT JACCS Mitra Jaya Finance p.30
unresolved org PT Elbatama p.31
unresolved org PT Securindo p.31
unresolved org Menteri Kehakiman No. C p.31
unresolved org Minister of Justice No. C p.31
unresolved org Pengadilan Negeri Jakarta Pusat p.31
unresolved org PT Austindo Nusantara Jaya Finance p.31 ×5
unresolved org PT Austindo Nusantara Jaya Rent p.31 ×3
unresolved org PT Mitra Pinasthika Mustika Finance p.31 ×5
unresolved org PT Sasana Artha Finance p.31 ×9
unresolved org JACCS Co., Ltd. p.31 ×31
unresolved org PT JACCS Mitra Pinasthika Mustika Pinasthika Mustika Finance p.31
unresolved org Menteri Hukum dan Hak p.31
unresolved org PT Sasana p.32
unresolved person Rent (ANJR), a subsidiary of ANJ. p.32
unresolved — lisensi p.32
unresolved org Kementerian Keuangan. p.32
unresolved org Ministry of Finance. p.32
unresolved org PT Fitch Ratings Indonesia p.33 ×3
unresolved org Menteri Keuangan p.37 ×2
unresolved org Minister of Finance p.37 ×2
unresolved org Minister of Menteri Keuangan p.37
unresolved org Mediasi Pembiayaan p.39
unresolved org Departemen Penjualan Divisi Tokyo p.42
unresolved org PT Astra Aviva Life Insurance p.43 ×2
unresolved org PT Jakarta Cakratunggal Steel Mills p.43 ×4
unresolved org PT Toyota Astra Motor p.43 ×2
unresolved org PT Toyota Motor Manufacturing Indonesia p.43 ×2
unresolved org Perdagangan Bintraco Dharma Tbk p.43
unresolved org Dharma Tbk p.43
unresolved org PT Asuransi Jiwa Astra p.43
unresolved org GCG Mitra Pinasthika Mustika Tbk p.43
unresolved person Prof. Dr. Moestopo p.45
unresolved org PT Wahana Optima Permai p.45 ×2
unresolved org Mandiri Persero Tbk p.45 ×2
unresolved org PT Bank Pembangunan Indonesia (Persero) p.45 ×2
unresolved org PT AJCapital Advisory p.46 ×2
unresolved org PT Heritage Menteng p.46
unresolved org Heritage Realty Tbk p.46 ×2
unresolved org Menteng Realty Tbk p.46
unresolved org Intiland Tbk p.46 ×2
unresolved org Development Tbk p.46
unresolved org Baramulti Tbk p.46 ×2
unresolved org Suksessarana Tbk p.46
unresolved person Independensi · Komisaris Independen p.47 ×2
unresolved person Takahiro p.47
unresolved person Takahiro Nagoshi · Komisaris p.47 ×6
unresolved — Nagoshi · Commissioner p.47
unresolved person Toshiya Kaname · Komisaris Utama p.47 ×7
unresolved org JACCS International Vietnam Finance Co., Ltd. p.48
unresolved org International Vietnam Finance Co., Ltd. p.48
unresolved org PT Bank Resona Perdania p.49 ×6
unresolved org PT Bank Daiwa Perdania p.49 ×4
unresolved org Daiwa Bank Limited p.49 ×4
unresolved org Daiwa Bank Bank Limited p.49
unresolved org PT Bina Danatama Finance Cabang Sura- p.50
unresolved org PT Bina Danatama Finance Surabaya p.50
unresolved org PT Bina Danatama Finance Cabang Makas- p.50
unresolved org PT Bina Danatama Finance Makassar p.50
unresolved org PT Bank Chinatrust Indonesia p.51
unresolved org PT Bank Hana p.51 ×2
unresolved org JACCS Finance Philippines Corporation p.53 ×2
unresolved person Kojun Sato Bapak Kojun Sato · Direktur Utama p.54 ×4
unresolved person Venky Charles Sutiono · Direktur p.54 ×5
unresolved — Jumlah/Total p.55
unresolved org PT Pandu Alam p.57
unresolved org PT Tri Nur p.57
unresolved org PT Unitras p.57
unresolved org Mustika Tbk p.57
unresolved org Investama Sedaya Tbk p.57
unresolved org Terbatas Swasta Private Limited p.57
unresolved org INFORMATION ON MAJORITY AND CONTROLLING SHAREHOLDERS JACCS Co., Ltd. p.58
unresolved org Jepang. JACCS Co.,Ltd. p.58
unresolved org Japan. JACCS Co.,Ltd. p.58
unresolved org PT Mitra Pinasthika Mulia p.58 ×2
unresolved person Wali Amanat · Notaris p.59
unresolved org Trustee KAP Siddharta Widjaja & Rekan p.59
unresolved org Siddharta Widjaja p.59 ×3
unresolved person Kantor Notaris Aulia Taufani p.59
unresolved person Liana Lim p.59 ×3
unresolved org Yayasan Pendidikan p.62
unresolved org Kantor Akuntan Publik Siddharta Widjaja & Rekan p.78
unresolved org Kantor Akuntan Publik Siddharta Widjaja p.78
unresolved org Public Accounting Firm Siddharta Widjaja & Rekan p.78
unresolved org PT JACCS MPM Finance p.98
unresolved org Kementerian Hukum dan Hak Asasi Manusia Kantor Pendaftaran Perusahaan p.102
unresolved org Ministry of Law and Human Rights Company Registration Office p.102
unresolved person Tjahjono Budi Santoso p.102 ×3
unresolved person Timothy p.102
unresolved person Timothy Anugerah p.102
unresolved person Gestik Dwi Puji Marhaeningsih · Director p.103 ×2
unresolved person Melinda Liananda p.103
unresolved org Siddharta Widjaja & Rekan p.103
unresolved person Toshiya · Komisaris Utama p.104
unresolved person Sirkuler · Komisaris Utama p.104 ×8
unresolved person Josaphat · Komisaris p.105 ×2
unresolved person Circular Resolutions · Commissioner p.105
unresolved person Keberagaman Komposisi · Komisaris p.105
unresolved person Diversity · Komisaris p.105
unresolved person Piagam · Komisaris p.105 ×2
unresolved — Independent Commissioner Bapak Josaphat Budisatyawira · Komisaris Independen p.107 ×18
unresolved person Orientation Program · Komisaris p.107
unresolved person Hajimu · Direktur p.111
unresolved person Kazuhiro · Direktur p.111
unresolved org PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA HALAMAN p.196
unresolved org PT JACCS MITRA PINASTHIKA MUSTIKA FINANCE INDONESIA Lippo p.289

Extraction attempts how the parser did, and what it refused

Nothing structured was extracted from this document — the attempts below say why.

No extraction attempted yet.

Other files in this announcement 2

↑↓ select ↵ open ⇧↵ see every result