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Page 1
         2023
          Laporan Tahunan
           Annual Report




THRIVING IN SUSTAINABLE
   TRANSFORMATION
     PT MITRA PINASTHIKA MUSTIKA TBK
Page 2
Sanggahan dan Batasan Tanggung Jawab
Disclaimer and Scope of Responsibility

Laporan Tahunan 2023 PT Mitra Pinasthika Mustika Tbk           The 2023 Annual Report of PT Mitra Pinasthika Mustika Tbk
(yang selanjutnya disebut “Perseroan”, “Perusahaan”,           (hereinafter referred to as “Company”, “Enterprise”,
“MPMX”, atau “MPM”) ini disusun untuk memenuhi                 “MPMX”, or “MPM”) is prepared to meet the provisions of
ketentuan pelaporan hasil kinerja Perseroan pada periode       reporting on the Company’s performance results for the
1 Januari 2023 sampai dengan 31 Desember 2023 kepada           period of January 1, 2023, to December 31, 2023, to the
regulator dan pemangku kepentingan. Laporan Tahunan ini        regulator and stakeholders. This Annual Report is prepared
disusun berdasarkan Peraturan Otoritas Jasa Keuangan           based on the Financial Services Authority Regulation
No. 29/POJK.04/2016 tentang Laporan Tahunan Emiten             No. 29/POJK.04/2016 on Annual Report of Issuers or Public
atau Perusahaan Publik dengan muatan konten sesuai Surat       Companies with content according to the Financial Services
Edaran Otoritas Jasa Keuangan No. 16/SEOJK.04/2021             Authority Circular No. 16/SEOJK.04/2021 on the Form and
tentang Bentuk dan Isi Laporan Tahunan Emiten atau             Content of the Annual Report of Issuer or Public Company.
Perusahaan Publik.


Laporan Tahunan ini memuat pernyataan terkait tujuan,          This Annual Report contains statements related to the
kebijakan, rencana, strategi, serta hasil operasi dan          objectives, policies, plans, strategies, and results of
keuangan yang disusun berdasarkan data faktual yang dapat      operations and finance compiled based on factual data
dipertanggungjawabkan kebenarannya. Selain itu, Laporan        that can be accounted for. In addition, this Annual Report
Tahunan ini juga menyajikan informasi terkait proyeksi kerja   also presents information related to the Company’s work
Perseroan di tahun selanjutnya yang disusun berdasarkan        projections in the following year compiled based on
pernyataan-pernyataan prospektif dan berbagai asumsi           prospective statements and various assumptions regarding
mengenai kondisi mendatang Perseroan, serta lingkungan         the Company’s future conditions, as well as related business
bisnis yang terkait, sehingga dapat mengakibatkan              environment, and therefore may result in actual development
perkembangan aktual secara material berbeda dari yang          that is materially different from what is reported. Therefore,
dilaporkan. Oleh karena itu, Perseroan mengimbau agar          the Company urges stakeholders to use the information
pemangku kepentingan dapat menggunakan informasi               wisely in making decisions.
tersebut secara bijak dalam pengambilan keputusan.
Page 3
THRIVING IN
SUSTAINABLE
TRANSFORMATION

PT Mitra Pinasthika Mustika Tbk terus melakukan transformasi yang
berkesinambungan dalam meraih perkembangan usaha yang sehat dan
berkelanjutan. Fokus area pengembangan Perseroan meliputi peningkatan
sistem teknologi informasi dan digitalisasi yang mendukung operasional
bisnis dan customer experience, peningkatan pengelolaan arus kas yang
sehat, perluasan kemitraan usaha dan pangsa pasar, serta pengelolaan
manajemen risiko secara prudent. Tak kalah pentingnya, Perseroan juga
meningkatkan kualitas pengelolaan aspek lingkungan, sosial, dan tata kelola
secara terintegrasi.

PT Mitra Pinasthika Mustika Tbk constantly performs transformation to
achieve healthy and sustainable business development. The Company’s focus
areas for development include improving information technology system and
digitalization that support business operations and customer experience,
improving healthy cash flow management, expanding business partnerships
and market share, and managing risk prudently. No less important, the
Company also improves the management quality of environmental, social,
and governance aspects in an integrated manner.



             Laporan Tahunan
             Annual Report




                                                                   PT Mitra Pinasthika Mustika Tbk
                                                               Laporan Tahunan 2023 Annual Report    1
Page 4
Kesinambungan Tema
Theme Continuity


                          2022      Thriving Forward Through Sustainable Business Growth

                        Perseroan terus memperkuat ekosistem bisnis yang        The Company continues to strengthen its healthy
                        sehat untuk tumbuh secara cepat dan berkelanjutan.      business ecosystem for fast and sustainable
                        Sepanjang tahun 2022, Perseroan telah memperluas        growth. Throughout 2022, the Company expanded
                        jaringan bisnis dengan menjalin kerja sama dengan       its business network by cooperating with strategic
                        mitra strategis. Perseroan dapat mempertahankan         partners. The Company maintains and optimizes the
                        dan mengoptimalkan kinerja seluruh segmen bisnis        performance of all business segments by intensifying
                        dengan menggencarkan strategi pemasaran dan             marketing and promotion strategies and optimizing
                        promosi serta mengoptimalisasikan pelayanan             customer services. This is proven by the improved
                                                                                financial performance since the pandemic and by
                        terhadap pelanggan. Hal ini dibuktikan dengan
                                                                                winning a number of awards throughout 2022. These
                        performa keuangan yang semakin membaik sejak
                                                                                strategies do not only aim at creating current growth,
                        pandemi serta perolehan sejumlah penghargaan di
                                                                                but are deemed to strengthen the growth pillars in the
                        sepanjang tahun 2022. Strategi ini tidak hanya untuk
                                                                                future.
                        menciptakan pertumbuhan saat ini, tetapi diyakini
                        dapat menguatkan pilar pertumbuhan ke depan.




                          2021      Enabling Sustainable Performance with Digital Transformation

                        Pemberdayaan sumber daya manusia yang telah             Empowerment of human resources carried out in the
                        dilakukan pada tahun sebelumnya semakin                 previous year has further enhanced the Company’s
                        meningkatkan kapabilitas Perseroan. Dengan sumber       capabilities. With increasingly qualified and adaptive
                        daya manusia yang semakin mumpuni dan adaptif,          human resources, the Company is developing its
                        Perseroan melakukan pengembangan bisnis ke arah         business towards digital by introducing innovative
                        digital dengan memperkenalkan produk digital yang       digital products to achieve sustainable performance.
                        inovatif guna mencapai kinerja yang berkelanjutan.




Tentang PT Mitra Pinasthika Mustika Tbk
About PT Mitra Pinasthika Mustika Tbk



LEBIH DARI 35 Tahun                                                 OVER 35 Years
HADIR DI INDONESIA                                                  ESTABLISHED IN INDONESIA


PT Mitra Pinasthika Mustika Tbk terus berevolusi dan berinovasi     PT Mitra Pinasthika Mustika Tbk continues to evolve and
dengan melakukan ekspansi ke berbagai bidang yang saling            innovate by expanding into various fields that mutually synergize
bersinergi demi menghadirkan solusi dan layanan otomotif            to provide integrated automotive solutions and services. The
terpadu. Adapun produk dan layanan yang diberikan kepada            products and services provided to customers include distribution
pelanggan yang mencakup distribusi sepeda motor, suku               of motorcycle, spare parts, car sales and rental, general insurance,
cadang, penjualan dan penyewaan mobil, asuransi umum, serta         and multipurpose financing.
pembiayaan multiguna.




       PT Mitra Pinasthika Mustika Tbk
2      Laporan Tahunan 2023 Annual Report
Page 5
Keunggulan Kompetitif
Competitive Advantage




   Menjadi pemain         Memiliki jaringan      Mempunyai tim        Memiliki ekosistem             Memberikan
 otomotif terkemuka     operasional segmen         manajemen             otomotif yang           dampak yang positif
     di Indonesia       bisnis yang luas dan     profesional yang       lengkap dengan            pada pertumbuhan
      yang terus         tersebar di seluruh    berpengalaman di       kinerja keuangan               bisnis yang
  mengembangkan              Indonesia.         industri otomotif.         yang kuat.               berkelanjutan.
  bisnisnya selama        Having a wide              Having a         Having a complete               Providing a
 lebih dari 35 tahun.   operational network        professional           automotive                positive impact
 Becoming a leading         of business         management team         ecosystem with              on sustainable
  automotive player      segments spread        experienced in the      strong financial           business growth.
   in Indonesia that        throughout         automotive industry.      performance.
 constantly develops        Indonesia.
its business for more
     than 35 years.




                                                                                 PT Mitra Pinasthika Mustika Tbk
                                                                             Laporan Tahunan 2023 Annual Report        3
Page 6
Daftar Isi
Table of Contents


                                             Ikhtisar Keuangan                       7    Peristiwa Penting                        10
            KILAS KINERJA                    Performance Highlights                       Significant Events

            Performance Overview             Ikhtisar Saham                          9    Penghargaan dan Sertifikasi              15
                                             Shares Highlights                            Awards and Certifications
                                             Aksi Korporasi dan Aktivitas           10
                                             Perdagangan Saham
                                             Corporate Actions and Share Trading
                                             Activities




            LAPORAN
                                            Laporan Dewan Komisaris                 22   Tanggung Jawab Atas Laporan Tahunan       37
                                            Board of Commissioners’ Report               Responsibility For The Annual Report
            MANAJEMEN                       Laporan Direksi                         28
            Management Report               Board of Directors’ Report




            PROFIL                           Profil Direksi                         60    Struktur Pemegang Saham Utama dan        67
                                             Board of Directors’ Profile                  Pengendali
            PERUSAHAAN
                                                                                          Structure of Major and Controlling
            Company Profile                  Komposisi Pemegang Saham               63    Shareholders
                                             Shareholders Composition
                                             Komposisi Pemegang Saham yang          64    Struktur Grup                            68
Identitas Perusahaan                  40     Memiliki 5% atau Lebih Saham                 Group Structure
Company Identity
                                             Composition of Shareholders with 5%          Informasi Entitas Induk                  69
Riwayat Singkat                       41     or More Shares                               Information on Owner of the Company
Brief History
                                             Komposisi Pemegang Saham               64    Entitas Anak dan Entitas Asosiasi        70
Jejak Langkah                         42     Masyarakat dengan Kepemilikan                Subsidiaries and Associates
Milestone                                    Saham Masing-masing Kurang dari 5%           Companies
Visi dan Misi                         44     Composition of Public Shareholders
                                                                                          Kronologi Pencatatan Saham               71
Vision and Mission                           with Share Ownership of Less than
                                                                                          Chronology of Shares Listing
                                             5% Each
Nilai-Nilai Perusahaan                45                                                  Kronologi Pencatatan Efek Lainnya        71
Company Values                               Komposisi Kepemilikan Saham            65    Other Securities Listing Chronology
                                             Dewan Komisaris dan Direksi
Filosofi Logo Perusahaan              46     Composition of Shareholding of the           Informasi Penggunaan Jasa Akuntan        72
Philosophy of Company Logo
                                             Board of Commissioners and Board of          Publik dan Kantor Akuntan Publik
Kegiatan Usaha                        47     Directors                                    Information on the Use of Public
Business Activities                                                                       Accountant Services and Public
                                             Kepemilikan Tidak Langsung atas        65    Accounting Firms
Produk dan Jasa                       48     Saham Perseroan oleh Anggota Dewan
Products and Services                        Komisaris dan Anggota Direksi                Lembaga dan Profesi Penunjang            72
                                                                                          Pasar Modal
Wilayah Operasional                   50     Indirect Ownership of the Company’s
                                                                                          Capital Market Supporting Institutions
Operational Areas                            Shares by Members of the Board of
                                             Commissioners and Members of the             and Professions
Struktur Organisasi                   52     Board of Directors
Organizational Structure
                                             Komposisi Kepemilikan Saham            66
Daftar Keanggotaan Asosiasi           53     berdasarkan Klasifikasi Pemegang
List of Association Membership
                                             Saham
Profil Dewan Komisaris                54     Composition of Shareholding based on
Board of Commissioners’ Profile              Shareholders Classification




            TINJAUAN                         Sumber Daya Manusia                    74    Teknologi Informasi                      84
                                             Human Resources                              Information Technology
            PENDUKUNG BISNIS
            Business Support
            Overview




       PT Mitra Pinasthika Mustika Tbk
4      Laporan Tahunan 2023 Annual Report
Page 7
            ANALISIS DAN                        Tinjauan Makroekonomi                   90   Kinerja Entitas Asosiasi                 93
                                                Macroeconomics Overview                      Performance of Associates Companies
            PEMBAHASAN
            MANAJEMEN                           Tinjauan Industri                       91   Aspek Pemasaran                          94
                                                Industrial Overview                          Marketing Aspects
            Management
            Discussion and
                                                Tinjauan per Segmen Operasi             92   Tinjauan Keuangan                        95
                                                Overview by Operating Segment                Financial Overview
            Analysis



            TATA KELOLA                         Program Orientasi bagi Dewan           141   Pedoman Perilaku                        172
                                                Komisaris dan Direksi yang Baru              Code of Conduct
            PERUSAHAAN                          Orientation Program for New Members
            Good Corporate                      of the Board of Commissioners and
                                                                                             Program Kepemilikan Saham oleh          174
                                                                                             Karyawan
            Governance                          Board of Directors
                                                                                             Employee Share Ownership Program
                                                Remunerasi Dewan Komisaris dan         142
Implementasi Prinsip GCG               107      Direksi                                      Kebijakan Pemberian Insentif Jangka     174
Implementation of GCG Principles                                                             Panjang kepada Direksi dan/atau
                                                Remuneration for the Board of                Personel Manajemen Inti
Peta Arah GCG                          109      Commissioners and Board of Directors
                                                                                             Policy on Granting Long-Term
GCG Roadmap
                                                Komite Audit                           143   Incentives to the Board of Directors
                                                Audit Committee
Penilaian Penerapan GCG                110                                                   and/or Key Management Personnel
Assessment of GCG Implementation
                                                Komite Nominasi dan Remunerasi         148   Kebijakan Pengungkapan Informasi        175
Struktur GCG                           111      Nomination and Remuneration                  Information Disclosure Policy
GCG Structure                                   Committee
                                                                                             Whistleblowing System                   176
Rapat Umum Pemegang Saham              112      Komite GCG                             151   Whistleblowing System
General Meeting of Shareholders                 GCG Committee
                                                                                             Kebijakan Anti Korupsi dan Anti-Fraud   177
Dewan Komisaris                        123      Sekretaris Perusahaan                  153   Anti-Corruption and Anti-Fraud Policy
Board of Commissioners                          Corporate Secretary
                                                                                             Kebijakan Pencegahan Insider Trading    178
                                       132                                                   dan Manajemen Benturan Kepentingan
Direksi                                         Divisi Hubungan Investor               156
Board of Directors                              Investor Relations Division                  Insider Trading Prevention Policy and
                                                                                             Conflict-of-Interest Management
Pelatihan dan/atau Peningkatan         138      Unit Audit Internal                    157
Kompetensi Dewan Komisaris dan                  Internal Audit Unit
Direksi
                                                                                             Kebijakan Seleksi dan Peningkatan       178
                                                                                             Kemampuan Pemasok
Competency Training and/or
                                                Sistem Pengendalian Internal           162   Supplier Selection and Capacity
                                                Internal Control System
Development for the Board of                                                                 Building Policy
Commissioners and Board of Directors            Auditor Eksternal                      164
                                                External Auditor                             Penerapan atas Pedoman Tata Kelola      179
Kebijakan Keberagaman Komposisi           139                                                Perusahaan Terbuka
Dewan Komisaris dan Direksi                     Tim Manajemen Risiko                   165
Composition Diversity Policy of the Board                                                    Implementation of Public Company
                                                Risk Management Team
of Commissioners and Board of Directors                                                      Governance Guidelines
                                                Sistem Manajemen Risiko                167   Pernyataan dan Praktik Bad Corporate    183
Penilaian Kinerja Dewan Komisaris      140      Risk Management System
                                                                                             Governance
dan Direksi
                                                                                             Statement and Practices of Bad
Board of Commissioners’ and Board of
                                                Perkara Penting                        172   Corporate Governance
                                                Significant Cases
Directors’ Performance Assessment
                                                Sanksi Administratif                   172
                                                Administrative Sanctions




                                                                                             Tanggung Jawab Sosial dan               184
                TANGGUNG JAWAB SOSIAL                                                        Lingkungan Hidup
                DAN LINGKUNGAN HIDUP                                                         Environmental and Social
                Environmental and Social Responsibility                                      Responsibility




                LAPORAN KEUANGAN KONSOLIDASIAN
                Consolidated Financial Statements




                                                                                                 PT Mitra Pinasthika Mustika Tbk
                                                                                             Laporan Tahunan 2023 Annual Report        5
Page 8
KILAS KINERJA
Performance Overview




    PT Mitra Pinasthika Mustika Tbk
6   Laporan Tahunan 2023 Annual Report
Page 9
                                                                                                                                                                Kilas Kinerja
                                                                                                                                                    Performance Overview




Ikhtisar Keuangan
Performance Highlights

                                                                               (dalam jutaan Rupiah, kecuali dinyatakan khusus / in million Rupiah, unless otherwise specified)

                     Uraian                                 2023                   2022                    2021                              Description

 Laporan Posisi Keuangan                                                                                                         Consolidated Statements of Financial
 Konsolidasian                                                                                                                                               Position
 Jumlah Aset                                              8.599.026             8.889.818              9.869.734                                               Total Assets
    Aset Lancar                                            3.459.490             3.645.372             3.043.958                                         Current Assets
    Aset Tidak Lancar                                      5.139.536             5.244.446             6.825.776                                   Non-Current Assets
 Jumlah Liabilitas                                        2.487.113             2.702.575              3.610.768                                           Total Liabilities
    Liabilitas Jangka Pendek                               1.844.592             1.936.106             2.107.057                                      Current Liabilities
    Liabilitas Jangka Panjang                                642.521               766.469             1.503.711                                Non-Current Liabilities
 Jumlah Ekuitas                                           6.111.913             6.187.243              6.258.966                                               Total Equity
 Ekuitas yang Dapat Diatribusikan kepada:                                                                                                           Equity Attributable to:
   Pemilik Entitas Induk                                   6.111.860             6.187.193             6.258.917                              Owners of the Company
   Kepentingan Nonpengendali                                       53                    50                      49                           Non-controlling Interest
 Jumlah Liabilitas dan Ekuitas                            8.599.026             8.889.818              9.869.734                              Total Liabilities and Equity

                                                                               (dalam jutaan Rupiah, kecuali dinyatakan khusus / in million Rupiah, unless otherwise specified)

                     Uraian                                 2023                   2022                   2021*                              Description

 Laporan Laba Rugi dan Penghasilan                                                                                         Consolidated Statements of Profit or Loss
 Komprehensif Lain Konsolidasian                                                                                                  and Other Comprehensive Income
 Operasi yang Dilanjutkan                                                                                                                          Continuing Operations
 Pendapatan Neto                                         13.859.071            12.742.854              11.913.408                                            Net Revenues
 Biaya Pokok Pendapatan                                 (12.643.838)          (11.655.407)            (10.953.526)                                       Cost of Revenues
 Laba Bruto                                               1.215.233             1.087.447                 959.882                                              Gross Profit
 Beban Usaha                                                (894.149)             (776.324)               (727.598)                                   Operating Expenses
 Pendapatan Lainnya                                          177.728               218.181                139.679                                            Other Income
 Beban Lainnya                                               (21.095)                (4.149)               (40.400)                                        Other Expenses
 Laba Usaha                                                 477.717                525.155                331.563                                         Operating Profit
 Pendapatan Keuangan                                         111.397               101.162                121.311                                          Finance Income
 Biaya Keuangan                                                (1.609)               (1.729)                   (3.412)                                       Finance Costs
 Pendapatan Keuangan Neto                                   109.788                 99.433                117.899                                     Net Finance Income
 Bagian atas Laba Entitas Asosiasi                            45.977                62.922                  25.494                          Share of Profit of Associates
 Laba Sebelum Pajak                                         633.482                687.510                474.956                                        Profit Before Tax
 Beban Pajak Penghasilan                                    (109.753)             (118.685)                (95.962)                                  Income Tax Expense
 Laba Neto dari Operasi yang Dilanjutkan                    523.729                568.825                378.994               Net Profit from Continuing Operations
 Laba Neto dari Operasi yang Dihentikan                        1.909                92.923                  32.754            Net Profit from Discontinued Operations
 Laba Tahun Berjalan                                        525.638                661.748                411.748                                       Profit for the Year
 Penghasilan Komprehensif Lain, setelah                                                                                                   Other Comprehensive Income,
                                                               (4.371)               25.754                    45.688
 Pajak Penghasilan                                                                                                                                  Net of Income Tax
 Jumlah Penghasilan Komprehensif                            521.267                687.502                457.436                          Total Comprehensive Income
 Laba yang Dapat Distribusikan kepada:                                                                                                              Profit Attributable to:
    Pemilik Entitas Induk                                    525.621               661.732                411.735                             Owners of the Company
    Kepentingan Nonpengendali                                      17                    16                       13                         Non-controlling interests
 Jumlah Penghasilan Komprehensif yang                                                                                                      Total Comprehensive Income
 Dapat Diatribusikan kepada:                                                                                                                            Attributable to:
    Pemilik Entitas Induk                                    521.250               687.486                457.423                             Owners of the Company
    Kepentingan Nonpengendali                                      17                    16                       13                         Non-controlling interests
 Laba per Saham Dasar (dalam Rupiah penuh)                        120                   152                       95         Basic Earnings per Share (in whole Rupiah)
 Laba per Saham dari Operasi yang                                                                                                   Earnings per Share from Continuing
                                                                  120                   131                       88
 Dilanjutkan (dalam Rupiah penuh)                                                                                                         Operations (in whole Rupiah)
* Disajikan kembali untuk menunjukkan operasi yang dihentikan secara terpisah dari operasi yang dilanjutkan.
* Re-presented to separately present the discontinued operations from the continuing operations.

                                                                                                                             PT Mitra Pinasthika Mustika Tbk
                                                                                                                         Laporan Tahunan 2023 Annual Report                    7
Page 10
                       Uraian                               2023                   2022                   2021*                         Description

    Rasio Profitabilitas                                                                                                                            Profitability Ratio

    Margin Laba Bruto (%)                                     8,8                     8,5                      8,1                            Gross Profit Margin (%)
    Margin Laba Usaha (%)                                     3,4                     4,1                      2,8                       Operating Profit Margin (%)
    Margin Laba Tahun Berjalan (%)                            3,8                     5,2                      3,5                     Profit for the Year Margin (%)
    Rasio Laba Tahun Berjalan terhadap
                                                              6,0                     7,1                      4,3                              Return on Assets (%)
    Jumlah Aset (%)
    Rasio Laba Tahun Berjalan terhadap
                                                              8,5                   10,6                       6,5                               Return on Equity (%)
    Jumlah Ekuitas (%)
    Rasio Likuiditas                                                                                                                                    Liquidity Ratio
    Rasio Kas (x)                                             0,9                     1,0                      0,9                                      Cash Ratio (x)
    Rasio Lancar (x)                                          1,9                     1,9                      1,4                                    Current Ratio (x)
    Rasio Solvabilitas                                                                                                                                 Solvency Ratio
    Rasio Jumlah Liabilitas terhadap Jumlah                                                                                                            Total Liabilities
                                                              0,3                     0,3                      0,4
    Aset (x)                                                                                                                                 to Total Assets Ratio (x)
    Rasio Jumlah Liabilitas terhadap Jumlah                                                                                                            Total Liabilities
                                                              0,4                     0,4                      0,6
    Ekuitas (x)                                                                                                                               to Total Equity Ratio (x)
    Tingkat Perputaran Jumlah Aset (x)                        1,6                     1,4                      1,2                          Total Assets Turnover (x)
    Rasio Utang terhadap Jumlah Ekuitas (x)                     -                       -                      0,2                            Debt to Equity Ratio (x)
* Disajikan kembali untuk menunjukkan operasi yang dihentikan secara terpisah dari operasi yang dilanjutkan.
* Re-presented to separately present the discontinued operations from the continuing operations.



                                                                                                                                  (dalam jutaan Rupiah / in million Rupiah)



                       Jumlah Aset                                                                              Jumlah Liabilitas
                       Total Assets                                                                             Total Liabilities


       2023              8.599.026                                                             2023                  2.487.113


       2022              8.889.818                                                             2022                  2.702.575


       2021              9.869.734                                                             2021                  3.610.768




                       Jumlah Ekuitas                                                                           Pendapatan Neto
                       Total Equity                                                                             Net Revenue


       2023              6.111.913                                                             2023                  13.859.071


       2022            6.187.243                                                               2022                  12.742.854


       2021            6.258.966                                                               2021*                 11.913.408


* Disajikan kembali untuk menunjukkan operasi yang dihentikan secara terpisah dari operasi yang dilanjutkan.
* Re-presented to separately present the discontinued operations from the continuing operations.




           PT Mitra Pinasthika Mustika Tbk
8          Laporan Tahunan 2023 Annual Report
Page 11
                                                                                                                                                                Kilas Kinerja
                                                                                                                                                    Performance Overview




Ikhtisar Saham
Shares Highlights


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


                                                                                     2023

 Triwulan I
                      1.280                1.065                1.225                1.015.097.500                      4.462.963.276               5.467.130.013.100
 Quarter I
 Triwulan II
                      1.360                 970                 1.065                1.435.450.500                      4.462.963.276               4.753.055.888.940
 Quarter II
 Triwulan III
                      1.095                1.000                1.030                    810.313.800                    4.462.963.276               4.596.852.174.280
 Quarter III
 Triwulan IV
                      1.060                985                  1.050                    772.300.700                    4.462.963.276               4.686.111.439.800
 Quarter IV

                                                                                     2022

 Triwulan I
                       1.285               945                  1.125                      762.039                      4.462.963.276                5.020.833.685.500
 Quarter I
 Triwulan II
                       1.430               920                   935                     1.453.047                      4.462.963.276                4.172.870.663.060
 Quarter II
 Triwulan III
                       1.060               885                   980                       753.405                      4.462.963.276                4.373.704.010.480
 Quarter III
 Triwulan IV
                       1.220               980                  1.120                         1.120                     4.462.963.276                4.998.518.869.120
 Quarter IV




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

 70.000.000                                                                                                                                                     1.600


 60.000.000                                                                                                                                                     1.400

                                                                                                                                                                1.200
 50.000.000
                                                                                                                                                                1.000
 40.000.000
                                                                                                                                                                800
 30.000.000
                                                                                                                                                                600
 20.000.000
                                                                                                                                                                400

 10.000.000
                                                                                                                                                                200
                                       ay




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                                                   2022                                                                  2023
                                            Volume Perdagangan (Lembar Saham)                                          Harga Penutupan (Rp)
                                            Trading Volume (Number of Shares)                                          Closing Price (Rp)




                                                                                                                                 PT Mitra Pinasthika Mustika Tbk
                                                                                                                             Laporan Tahunan 2023 Annual Report            9
Page 12
Aksi Korporasi dan Aktivitas Perdagangan Saham
Corporate Actions and Share Trading Activities


Pada tahun 2023, Perseroan tidak melakukan aksi korporasi         In 2023, the Company did not carry out any corporate actions in
berupa pemecahan saham, penggabungan saham, dividen               the form of stock split, reverse stock, stock dividend, bonus share,
saham, saham bonus, perubahan nilai nominal saham, penerbitan     changes in the share’s nominal value, issuance of convertible
efek konversi, serta penambahan dan pengurangan modal.            securities, nor capital increase or decrease.


Selain itu, Perseroan tidak menerima sanksi berupa penghentian    Furthermore, the Company was not imposed any sanctions in
sementara perdagangan saham dan/atau pembatalan pencatatan        the form of suspension and/or delisting of shares from the stock
saham dari bursa tempat tercatatnya saham Perseroan.              exchange where the Company’s shares are listed.




Peristiwa Penting
Significant Events


      Februari / February


                                                             Februari 2023
                                                  17-19      February 2023

                                                 PT Asuransi Mitra Pelindung Mustika (MPMInsurance) meluncurkan produk
                                                 terbaru dalam acara Indonesia Travel Fair. Saat ini, MPMInsurance ikut
                                                 meramaikan pasar asuransi perjalanan dengan harga yang kompetitif melalui
                                                 produk asuransi perjalanan domestik dan internasional.
                                                 PT Asuransi Mitra Pelindung Mustika (MPMInsurance) launched its newest
                                                 product at the Indonesia Travel Fair. At the time, MPMInsurance joined
                                                 the travel insurance market with competitive prices through domestic and
                                                 international travel insurance products.




      Maret / March


                                                         Maret 2023
                                                    1    March 2023

                                                 Perseroan kembali menggelar MPM Harvard Executive Leadership Program yang
                                                 ditujukan kepada para Senior Leader dan disampaikan langsung oleh Harvard
                                                 Business Publishing Corporate Learning.
                                                 The Company held the MPM Harvard Executive Leadership Program aimed
                                                 at Senior Leaders and delivered directly by Harvard Business Publishing
                                                 Corporate Learning.




       PT Mitra Pinasthika Mustika Tbk
10     Laporan Tahunan 2023 Annual Report
Page 13
                                                                                       Kilas Kinerja
                                                                             Performance Overview




April / April


                       April 2023
                 27    April 2023

                Balai lelang mobil AUKSI merayakan ulang tahun kesepuluh dan terus
                berkomitmen untuk memberikan layanan terbaik untuk Indonesia.
                Car auction house AUKSI celebrated its tenth anniversary and maintained its
                commitment to providing the best service for Indonesia.




Mei / May


                       Mei 2023
                 24    May 2023

                Perseroan menggelar Rapat Umum Pemegang Saham (RUPS) Tahunan dan
                membagikan dividen sebesar 89% dari laba bersih tahun buku 2022.
                The Company held the Annual General Meeting of Shareholders (GMS) and
                distributed dividends of 89% of net profit for the 2022 fiscal year.




                       Mei 2023
                 26    May 2023

                Perseroan meraih penghargaan Indonesia CSR Awards 2023 kategori
                “Best CSR in Consumer Automotive Sector Industry 2023” dari The Iconomics.
                The Company won the Indonesia CSR Awards 2023 in the “Best CSR in
                Consumer Automotive Sector Industry 2023” category from The Iconomics.




Juni / June


                       Juni 2023
                  7    June 2023

                Bapak Ivan selaku Direktur Operasional berhasil meraih penghargaan
                Top Leader on CSR Commitment dari Top Business.
                Mr. Ivan as Director of Operations won the Top Leader on CSR Commitment
                award from Top Business.


                       Juni 2023
                  7    June 2023

                Perseroan berhasil meraih penghargaan CSR paling bergengsi, yaitu Top CSR
                Awards 2023 dan mendapatkan peringkat bintang 4 atau level “sangat baik”
                dari Top Business.
                The Company won the most prestigious CSR award, namely the Top CSR Awards
                2023, and received a 4 star rating or “very good” level from Top Business.




                                                            PT Mitra Pinasthika Mustika Tbk
                                                        Laporan Tahunan 2023 Annual Report        11
Page 14
     Juni / June


                                                  Juni 2023
                                           12     June 2023

                                          Perseroan melanjutkan rehabilitasi mangrove di Golo Sepang, Nusa Tenggara
                                          Timur dengan penambahan 2 hektare lahan dan penanaman 20.000 bibit
                                          mangrove.
                                          The Company continued conducting mangrove rehabilitation in Golo Sepang,
                                          East Nusa Tenggara, by adding 2 hectares of land and planting 20,000
                                          mangrove seeds.




     Juli / July


                                                 Juli 2023
                                            6    July 2023

                                          Perseroan mendapatkan penghargaan Strategy-into-Performance Execution
                                          Excellence (SPEx2®) DX Award 2023 untuk kategori “The Best Company in
                                          Executing Innovation Culture Strategy” dari OneGML Consulting dan Kontan.
                                          The Company received the Strategy-into-Performance Execution Excellence
                                          (SPEx2®) DX Award 2023 in “The Best Company in Executing Innovation
                                          Culture Strategy” category from OneGML Consulting and Kontan.



                                                 Juli 2023
                                           20    July 2023

                                          Perseroan meraih penghargaan HR Excellence Award 2023 untuk kategori
                                          “HR Digitalization and People Analytics” dengan peringkat “sangat baik” dari
                                          SWA Media Group.
                                          The Company won the 2023 HR Excellence Award in the “HR Digitalization
                                          and People Analytics” category with “very good” rating from SWA Media
                                          Group.




     Agustus / August


                                                 Agustus 2023
                                            1    August 2023

                                          PT Mitra Pinasthika Mustika Rent (MPMRent) merayakan hari jadi yang ke-25
                                          dengan mengusung tema “Melaju Tumbuh Menjadi Inspirasi”.
                                          PT Mitra Pinasthika Mustika Rent (MPMRent) celebrated its 25th anniversary
                                          with the theme “Continuing to Grow and Become an Inspiration”.




     PT Mitra Pinasthika Mustika Tbk
12   Laporan Tahunan 2023 Annual Report
Page 15
                                                                                                Kilas Kinerja
                                                                                      Performance Overview




Agustus / August


                                Agustus 2023
                          2     August 2023

                        Perseroan untuk kedua kalinya mendapat penghargaan Top Corporate Award
                        2023 berdasarkan “Digital Corporate Brand Awareness Aspect, Asset and
                        Revenue Aspect, dan Net Profit Aspect” dari Tras n Co dan Infobrand.id.
                        For the second time, the Company received the 2023 Top Corporate Award
                        based on “Digital Corporate Brand Awareness Aspect, Asset and Revenue
                        Aspect, and Net Profit Aspect” from Tras n Co and Infobrand.id.



                                Agustus 2023
                          2     August 2023

                        Bapak Suwito Mawarwati selaku Direktur Utama Perseroan berhasil meraih
                        penghargaan dalam acara Top Executive Awards 2023 kategori “Great Leader of
                        the Year” dari Tras n Co dan Infobrand.id.
                        Mr. Suwito Mawarwati as President Director of the Company won an award at
                        the 2023 Top Executive Awards in “Great Leader of the Year” category from
                        Tras n Co and Infobrand.id.




September / September


                                September 2023
                         18     September 2023

                        Perseroan mengadakan Kick Off Budget Meeting 2024 yang dihadiri oleh Dewan
                        Komisaris dan Direksi Perseroan, Direksi Entitas Anak dan Entitas Asosiasi Grup
                        MPM, serta seluruh Senior Leaders. Perseroan mengundang para guest speaker
                        dari eksternal untuk memberikan pandangan dalam perspektif ekonomi,
                        keberlanjutan, dan politik.
                        The Company held a 2024 Kick Off Budget Meeting, attended by the Company’s
                        Board of Commissioners and Board of Directors, Board of Directors of
                        Subsidiaries and Associates Companies of the MPM Group, and all Senior
                        Leaders. The Company invites external guest speakers to provide views from
                        an economic, sustainable, and political perspective.



                                September 2023
                         20     September 2023

                        Perseroan berhasil meraih penghargaan Best Responsibility of the Board dari
                        Indonesian Institute for Corporate Directorship.
                        The Company won the Best Responsibility of the Board award from the
                        Indonesian Institute for Corporate Directorship.




                                                                     PT Mitra Pinasthika Mustika Tbk
                                                                 Laporan Tahunan 2023 Annual Report        13
Page 16
     Oktober / October


                                                  Oktober 2023
                                           10     October 2023

                                          Chief Financial Officer PT Mitra Pinasthika Mustika Rent, March Teguh Armadi
                                          berhasil meraih penghargaan Top 10 CFOs Indonesia dari CEO Insight Asia.
                                          Chief Financial Officer of PT Mitra Pinasthika Mustika Rent, March Teguh
                                          Armadi, won the Top 10 CFOs Indonesia award from CEO Insight Asia.




     November / November


                                                 November 2023
                                            6    November 2023

                                          Perseroan dianugerahi “Silver Rank” dalam ajang Asia Sustainability Report
                                          Rating (ASRRAT) 2023 dari Asia Sustainability Reporting Rating.
                                          The Company was awarded “Silver Rank” in the 2023 Asia Sustainability
                                          Report Rating (ASRRAT) event from the Asia Sustainability Reporting Rating.




                                                 November 2023
                                            8    November 2023

                                          Perseroan meraih penghargaan Stellar Workplace in Employee Satisfaction dan
                                          Stellar Workplace in Employee Commitment dari OneGML Consulting dan Kontan.
                                          The Company received the Stellar Workplace in Employee Satisfaction and
                                          Stellar Workplace in Employee Commitment awards from OneGML Consulting
                                          and Kontan.



                                                 November 2023
                                           29    November 2023

                                          Perseroan meraih penghargaan Indonesian Best Company in Creating Leaders
                                          from Within 2023 dari SWA Media Group.
                                          The Company won the 2023 Indonesian Best Company in Creating Leaders
                                          from Within award from SWA Media Group.




     Desember / December


                                                  Desember 2023
                                           12     December 2023

                                          Perseroan kembali mendapatkan penghargaan Anugerah CSR IDX Channel 2023
                                          kategori “Environmental Development Initiatives” dari IDX Channel.
                                          The Company received another award in the 2023 IDX Channel CSR Award in
                                          the “Environmental Development Initiatives” category from IDX Channel.




     PT Mitra Pinasthika Mustika Tbk
14   Laporan Tahunan 2023 Annual Report
Page 17
                                                                                                                       Kilas Kinerja
                                                                                                              Performance Overview




Penghargaan dan Sertifikasi
Awards and Certifications


Penghargaan
Awards

                                            PT Mitra Pinasthika Mustika Tbk




                 1                      2                        3             4                                5




                                  6                          7                     8                      9




                           10                           11                    12                          13




1.   Indonesia CSR Awards 2023              2.   Top CSR Awards Bintang 4          3.     Top Leader on CSR Commitment
     “Best CSR in Consumer Automotive            Top CSR Awards 4 Star                    Bapak Ivan selaku Direktur Operasional
     Sector Industry 2023”                       Tanggal / Date                           Perseroan
     Tanggal / Date                              7 Juni 2023 / June 7, 2023               Mr. Ivan as Director of Operations of the
     26 Mei 2023 / May 26, 2023                                                           Company
                                                 Penyelenggara / Organizer
     Penyelenggara / Organizer                   Top Business                             Tanggal / Date
     The Iconomics                                                                        7 Juni 2023 / June 7, 2023
                                                                                          Penyelenggara / Organizer
                                                                                          Top Business




                                                                                           PT Mitra Pinasthika Mustika Tbk
                                                                                       Laporan Tahunan 2023 Annual Report        15
Page 18
4.    Strategy-into-Performance Execution      5.   HR Excellence Award 2023                   6.   Top Corporate Awards 2023
      Excellence (SPEx2®) DX Award 2023             “HR Digitalization and People Analytics”        “Digital Corporate Brand Awareness
      “The Best Company in Executing                Tanggal / Date                                  Aspect, Asset and Revenue Aspect, and
      Innovation Culture Strategy”                  20 Juli 2023 / July 20, 2023                    Net Profit Aspect”
      Tanggal / Date                                Penyelenggara / Organizer                       Tanggal / Date
      6 Juli 2023 / July 6, 2023                    SWA Media Group                                 2 Agustus 2023 / August 2, 2023
      Penyelenggara / Organizer                                                                     Penyelenggara / Organizer
      • OneGML Consulting                                                                           • Tras n Co
      • Kontan                                                                                      • Infobrand.id


 7.   Top Executive Awards 2023                8.   Best Responsibility of the Board           9.   Asia Sustainability Reporting Rating 2023
      “Great Leader of the Year”                    Tanggal / Date                                  “Silver Rank”
      Bapak Suwito Mawarwati selaku Direktur        20 September 2023 / September 20, 2023          Tanggal / Date
      Utama Perseroan                                                                               6 November 2023 / November 6, 2023
      Mr. Suwito Mawarwati as President             Penyelenggara / Organizer
      Director of the Company                       Indonesian Institute for Corporate              Penyelenggara / Organizer
                                                    Directorship                                    Asia Sustainability Reporting Rating
      Tanggal / Date
      2 Agustus 2023 / August 2, 2023
      Penyelenggara / Organizer
      • Tras n Co
      • Infobrand.id


 10. Stellar Workplace in Employee             11. Stellar Workplace in Employee               12. Indonesian Best Company in Creating
     Satisfaction                                  Commitment                                      Leaders from Within 2023
      Tanggal / Date                                Tanggal / Date                                  Tanggal / Date
      8 November 2023 / November 8, 2023            8 November 2023 / November 8, 2023              29 November 2023 / November 29, 2023
      Penyelenggara / Organizer                     Penyelenggara / Organizer                       Penyelenggara / Organizer
      • OneGML Consulting                           • OneGML Consulting                             SWA Media Group
      • Kontan                                      • Kontan


 13. Anugerah CSR IDX Channel 2023
     “Environmental Development
     Initiatives”
      Tanggal / Date
      12 Desember 2023 / December 12, 2023
      Penyelenggara / Organizer
      IDX Channel


                                                    PT Mitra Pinasthika Mulia




                                   14                               15                                   16




14. Bulan K3 Nasional                          15. Bulan K3 Nasional                           16. Bulan K3 Nasional
    Sertifikasi Sistem Manajemen                   Penghargaan Kecelakaan Nihil                    Program Pencegahan dan
    Keselamatan dan Kesehatan Kerja                (Zero Accident Award)                           Penaggulangan Covid-19 di Tempat
    National OHS Month                             National OHS Month Zero Accident                Kerja kategori Silver
    Occupational Health and Safety                 Award                                           National OHS Month
    Management System Certification                 Tanggal / Date                                 The Covid-19 Prevention and Control
      Tanggal / Date                                12 Januari 2023 / January 12, 2023             Program at Workplace in Silver category
      12 Januari 2023 / January 12, 2023            Penyelenggara / Organizer                       Tanggal / Date
      Penyelenggara / Organizer                     Dinas Tenaga Kerja Provinsi Jawa Timur          12 Januari 2023 / January 12, 2023
      Dinas Tenaga Kerja Provinsi Jawa Timur        Department of Manpower of East Java             Penyelenggara / Organizer
      Department of Manpower of East Java           Province                                        Dinas Tenaga Kerja Provinsi Jawa Timur
      Province                                                                                      Department of Manpower of East Java
                                                                                                    Province




         PT Mitra Pinasthika Mustika Tbk
16       Laporan Tahunan 2023 Annual Report
Page 19
                                                                                                                               Kilas Kinerja
                                                                                                                    Performance Overview



17. 2nd Runner Up Public Relations Astra      18. Best Partner Ikatan Motor Indonesia         19. Sertifikasi Sistem Manajemen
    Honda Motor                                   2022                                            Keselamatan dan Kesehatan Kerja
    2nd Runner Up of Public Relations of          Best Partner of Indonesian Motor                Occupational Health and Safety
    Astra Honda Motor                             Association in 2022                             Management System Certification
    Tanggal / Date                                  Tanggal / Date                                Tanggal / Date
    25 Januari 2023/ January 25, 2023               21 Maret 2023 / March 21, 2023                9 Juni 2023 / June 9, 2023
    Penyelenggara / Organizer                       Penyelenggara / Organizer                     Penyelenggara / Organizer
    PT Astra Honda Motor                            Ikatan Motor Indonesia                        Kementerian Ketenagakerjaan Republik
                                                    Indonesian Motor Association                  Indonesia
                                                                                                  Ministry of Manpower of the Republic of
                                                                                                  Indonesia


20. Penghargaan Kecelakaan Nihil              21. Program Pencegahan dan                      22. MPM Surabaya: #1 Digital Leads
    (Zero Accident Award)                         Penanggulangan Covid-19 di Tempat               Tanggal / Date
    Zero Accident Award                           Kerja kategori Silver                           6 Desember 2023 / December 6, 2023
    Tanggal / Date                                The Covid-19 Prevention and Control
                                                  Program at Workplace in Silver                  Penyelenggara / Organizer
    9 Juni 2023 / June 9, 2023                                                                    PT Astra Honda Motor
                                                  category
    Penyelenggara / Organizer
    Kementerian Ketenagakerjaan Republik            Tanggal / Date
    Indonesia                                       9 Juni 2023 / June 9, 2023
    Ministry of Manpower of the Republic of         Penyelenggara / Organizer
    Indonesia                                       Kementerian Ketenagakerjaan Republik
                                                    Indonesia
                                                    Ministry of Manpower of the Republic of
                                                    Indonesia



23. MPM Surabaya: #1 Best Marketing           24. MPM Surabaya: Best Publication and          25. Very Good Indonesia Digital Marketing
    Research - Category A                         Improvement Communication                       Champions 2023
    Tanggal / Date                                  Tanggal / Date                                Tanggal / Date
    6 Desember 2023 / December 6, 2023              6 Desember 2023 / December 6, 2023            7 Desember 2023 / December 7, 2023
    Penyelenggara / Organizer                       Penyelenggara / Organizer                     Penyelenggara / Organizer
    PT Astra Honda Motor                            PT Astra Honda Motor                          SWA Media Group




                  17                          18                                 19                          20




                             21                                     22                                  23




                                               24                                     25




                                                                                                  PT Mitra Pinasthika Mustika Tbk
                                                                                              Laporan Tahunan 2023 Annual Report          17
Page 20
                                                PT Asuransi Mitra Pelindung Mustika
                                                                                  26. 24th Insurance Award 2023
                                                                                      “The Best Performance General Insurance Company
                                                                                      2023 (Gross Premium IDR500 Billion-<IDR1 Trillion)”
                                                                                      Tanggal / Date
                                                                                      27 Juli 2023 / July 27, 2023
                                                                                      Penyelenggara / Organizer
                                                                                      Infobank Media Group

                                                                                  27. Digital Financial Excellence Awards 2023
                                                                                      “Asuransi Umum Konvensional – Ekuitas Kurang dari
                                                                                      Rp1 Trilliun”
                                                                                      “Conventional General Insurance – Equity Less than
                   26                                  27                             Rp1 Trillion”
                                                                                      Tanggal / Date
                                                                                      19 Desember 2023 / December 19, 2023
                                                                                      Penyelenggara / Organizer
                                                                                      Media Asuransi


                                                 PT Mitra Pinasthika Mustika Rent
 28. Penghargaan Program Pencegahan dan
     Penanggulangan Covid-19 di Tempat Kerja
     Tingkat Provinsi Banten
     Award for the Covid-19 Prevention and
     Control Program at Workplace at Banten
     Provincial Level
     Tanggal / Date
     16 Mei 2023 / May 16, 2023
     Penyelenggara / Organizer
     Gubernur Banten
     Governor of Banten

 29. Penghargaan Pelaksanaan Panitia Pembina
     Keselamatan dan Kesehatan Kerja Tingkat
     Provinsi Banten Tahun 2023
     Award for the Implementation of Occupational                          28                       29                      30
     Health and Safety Advisory Committee at
     Banten Provincial Level in 2023
     Tanggal / Date
     16 Mei 2023 / May 16, 2023
     Penyelenggara / Organizer
     Gubernur Banten
     Governor of Banten

 30. Penghargaan Perusahaan dengan Nihil
     Kecelakaan Kerja (Zero Accident) Tingkat
     Provinsi Banten Tahun 2023
     Company Award for Zero Accident at Banten
     Provincial Level in 2023
     Tanggal / Date
                                                                      31                       32                        33
     16 Mei 2023 / May 16, 2023
     Penyelenggara / Organizer
     Gubernur Banten
     Governor of Banten

 31. Penghargaan Program Pencegahan dan         32. Penghargaan Pelaksanaan Panitia             33. Penghargaan Kecelakaan Nihil
     Penanggulangan Covid-19 di Tempat              Pembina Keselamatan dan Kesehatan               Zero Accident Award
     Kerja Tingkat Provinsi Banten Tahun 2023       Kerja Tingkat Provinsi Banten Tahun 2023        Tanggal / Date
     PT Daya Karya Solusi Sejati selaku             PT Daya Karya Solusi Sejati selaku              9 Juni 2023 / June 9, 2023
     Entitas Anak PT Mitra Pinasthika               Entitas Anak PT Mitra Pinasthika
     Mustika Rent                                   Mustika Rent                                    Penyelenggara / Organizer
     Award for the Covid-19 Prevention              Award for the Implementation of                 Menteri Ketenagakerjaan Republik
     and Control Program at Workplace at            Occupational Health and Safety                  Indonesia
     Banten Provincial Level in 2023                Advisory Committee at Banten                    Minister of Manpower of the Republic of
     PT Daya Karya Solusi Sejati as the             Provincial Level in 2023                        Indonesia
     Subsidiary of PT Mitra Pinasthika              PT Daya Karya Solusi Sejati as the
     Mustika Rent                                   Subsidiary of PT Mitra Pinasthika
     Tanggal / Date                                 Mustika Rent
     16 Mei 2023 / May 16, 2023                     Tanggal / Date
     Penyelenggara / Organizer                      16 Mei 2023 / May 16, 2023
     Gubernur Banten                                Penyelenggara / Organizer
     Governor of Banten                             Gubernur Banten
                                                    Governor of Banten


        PT Mitra Pinasthika Mustika Tbk
18      Laporan Tahunan 2023 Annual Report
Page 21
                                                                                                                       Kilas Kinerja
                                                                                                            Performance Overview




                                 34                               35                        36




                        37                 38                           39                         40



34. Penghargaan Program Pencegahan dan     35. Penghargaan Program Pencegahan dan      36. Penghargaan Fleet Customer
    Penanggulangan Covid-19 di Tempat          Penanggulangan Covid-19 di Tempat           Fleet Customer Award
    Kerja kategori Platinum                    Kerja kategori Platinum                     Tanggal / Date
    PT Daya Karya Solusi Sejati selaku         Award for the Covid-19 Prevention           23 Juni 2023 / June 23, 2023
    Entitas Anak MPMRent                       and Control Program at Workplace in
    Award for the Covid-19 Prevention          Platinum category                           Penyelenggara / Organizer
    and Control Program at Workplace in                                                    Dealer Nasmoco
                                                Tanggal / Date
    Platinum category                           9 Juni 2023 / June 9, 2023
    PT Daya Karya Solusi Sejati as the                                                 37. Apresiasi Gold Category
    Subsidiary of MPMRent                       Penyelenggara / Organizer                  Gold Category Appreciation
                                                Menteri Ketenagakerjaan Republik           Tanggal / Date
    Tanggal / Date                              Indonesia
    9 Juni 2023 / June 9, 2023                                                             25 Juli 2023 / July 25, 2023
                                                Minister of Manpower of the Republic
    Penyelenggara / Organizer                   of Indonesia                               Penyelenggara / Organizer
    Menteri Ketenagakerjaan Republik                                                       Dealer Kalla Toyota
    Indonesia
    Minister of Manpower of the Republic
    of Indonesia


38. Toyota Fleet Appreciation              39. Penghargaan Top 10 CFOs                 40. AUKSI – Indonesia Customer Experience
    Tanggal / Date                             in Indonesia - 2023                         Champion 2023 – PT Balai Lelang Asta
    24 Agustus 2023 / August 24, 2023          Top 10 CFOs in Indonesia Award - 2023       Nara Jaya selaku Entitas Anak MPMRent
                                                Tanggal / Date                             AUKSI – Indonesia Customer
    Penyelenggara / Organizer                                                              Experience Champion 2023 – PT Balai
    Toyota Astra Motor                          10 Oktober 2023 / October 10, 2023
                                                                                           Lelang Asta Nara Jaya as Subsidiary
                                                Penyelenggara / Organizer                  of MPMRent
                                                CEO Insight Asia
                                                                                           Tanggal / Date
                                                                                           16 November 2023 / November 16, 2023
                                                                                           Penyelenggara / Organizer
                                                                                           SWA Media Group


                                  PT JACCS Mitra Pinasthika Mustika Finance Indonesia

                                                    41. 19th Multifinance Award 2023
                                                        “The Best Performance Multifinance Company 2023
                                                        (Asset IDR5 Trillion-<IDR10 Trillion)”
                                                         Tanggal / Date
                                                         27 Juli 2023 / July 27,2023
                                                         Penyelenggara / Organizer
                                                         Infobank Media Group


                        41




                                                                                           PT Mitra Pinasthika Mustika Tbk
                                                                                       Laporan Tahunan 2023 Annual Report        19
Page 22
Sertifikasi
Certifications
            PT Mitra Pinasthika Mustika Tbk                                                                                                                                                                                                                                                         PT Asuransi Mitra Pelindung Mustika



                                                                               This is to certify that the Information Security Management System of

                                                                               PT Mitra Pinasthika Mustika, Tbk. - IT & HR Division
                                                                               Lippo Kuningan, 26th Floor, Jl. H.R. Rasuna Said Kav. B-12, Kuningan,
                                                                               Kota Jakarta Selatan, DKI Jakarta, 12940, Indonesia

                                                                               applicable to

                                                                               The provision of information technology and human resources operations
                                                                               for PT Mitra Pinasthika Mustika, Tbk.

                                                                               In accordance with the PT Mitra Pinasthika Mustika, Tbk. - IT & HR Division Statement of Applicability
                                                                               Version 00 dated 17 May 2023

                                                                               has been assessed and registered by NQA against the provision of

                                                                               ISO/IEC 27001 : 2022
                                                                               Specification for information security management systems

                                                                               This registration is subject to the company maintaining an information security
                                                                               management system, to the above standard, which will be monitored by NQA.




                                                                                                                                                                                Certificate No:                                    47871
                                                                                                                                                                                    Issue Date:                                    29 January 2021
                                                                                                                                                                    Previous Certificate Expiry:                                   29 January 2024
                                                                                    Managing Director                                                                                 Reissued:                                    31 January 2024
                                                                                                                                                                                     Valid Until:                                  29 January 2025
                                                                                                                                                                                    EAC Code:                                      33/35




                               This certificate relates to the information security management system, and not to the products or services of the certified organization. The certificate reference number, the mark of the Certification Body and/or the accreditation
                               mark may not be shown on products or stated in documents regarding products or services. Promotional material, advertisements, or other documents showing or referring to the certificate, the trade mark of the Certification Body, or
                               the accreditation mark, must comply with the intention of the certificate. The certificate does not of itself confer immunity on the certified.
                               The use of the UKAS Accreditation Mark indicates accreditation in respect of those activities covered by the accreditation certificate number 015 held by NQA.
                               NQA is a trading name of NQA Certification Limited, Registration No. 09351758. Registered Office: Warwick House, Houghton Hall Park, Houghton Regis, Dunstable, LU5 5ZX, UK.




                                                                                                                                        1                                                                                                                                                                                     2
                               This certificate is the property of NQA and must be returned on request.



                     0310 A3




1. ISO/IEC 27001:2022 – Information Security Management                                                                                                                                                                                                                                     2. Fitch Affirms MPM Insurance’s IFS at ‘A+(idn)’; Outlook Stable
   Systems                                                                                                                                                                                                                                                                                     Peringkat Nasional Insurer Financial Strength (IFS) di
     Badan Penerbit / Issuing Agency                                                                                                                                                                                                                                                           ‘A+(idn)’; Outlook Stabil
     NQA Global Certification Body                                                                                                                                                                                                                                                              National Insurer Financial Strength (IFS) Rating at ‘A+(idn)’;
                                                                                                                                                                                                                                                                                                Outlook Stable
     Masa Berlaku / Validity Period
     29 Januari 2021-29 Januari 2024                                                                                                                                                                                                                                                            Badan Penerbit / Issuing Agency
     January 29, 2021-January 29, 2024                                                                                                                                                                                                                                                          PT Fitch Ratings Indonesia
                                                                                                                                                                                                                                                                                                Masa Berlaku / Validity Period
                                                                                                                                                                                                                                                                                                3 Februari 2023-Dilakukan Penilaian Berikutnya
                                                                                                                                                                                                                                                                                                (Maksimal 12 Bulan)
                                                                                                                                                                                                                                                                                                February 3, 2023-Next Assessment (Maximum 12 Months)


                                                 PT Mitra Pinasthika Mustika Rent dan Entitas Anak (Dayakarya Solusi Sejati)




               3                                                                                                                                                                                                                         4                                              5                          6                            7


 3. ISO 9001:2015 – Rent Car including                                                                                                                                                                                                                                 4. ISO 9001:2015 – Provision of             5. ISO 45001:2018 – Provision of
    General Workshop for Vehicle                                                                                                                                                                                                                                          Manpower Services including Driver          Manpower Services including Driver
    General Repair and Body Repair                                                                                                                                                                                                                                        Management and Office Support               Management and Office Support
     Badan Penerbit / Issuing Agency                                                                                                                                                                                                                                      Badan Penerbit / Issuing Agency               Badan Penerbit / Issuing Agency
     PT TUV Rheinland Indonesia                                                                                                                                                                                                                                           PT TUV Rheinland Indonesia                    PT TUV Rheinland Indonesia
     Masa Berlaku / Validity Period                                                                                                                                                                                                                                       Masa Berlaku / Validity Period                Masa Berlaku / Validity Period
     4 Mei 2020-3 Mei 2026                                                                                                                                                                                                                                                14 Agustus 2019-13 Agustus 2025               14 Agustus 2019-13 Agustus 2025
     May 4, 2020-May 3, 2026                                                                                                                                                                                                                                              August 14, 2019-August 13, 2025               August 14, 2019-August 13, 2025



 6. ISO 45001:2018 – Rent Car including                                                                                                                                                                                                                                7. ISO 14001:2015 – Rent Car including
    General Workshop for Vehicle                                                                                                                                                                                                                                          General Workshop for Vehicle
    General Repair and Body Repair                                                                                                                                                                                                                                        General Repair and Body Repair
     Badan Penerbit / Issuing Agency                                                                                                                                                                                                                                      Badan Penerbit / Issuing Agency
     PT TUV Rheinland Indonesia                                                                                                                                                                                                                                           PT TUV Rheinland Indonesia
     Masa Berlaku / Validity Period                                                                                                                                                                                                                                       Masa Berlaku / Validity Period
     16 Agustus 2019-15 Agustus 2025                                                                                                                                                                                                                                      16 Agustus 2019-15 Agustus 2025
     August 16, 2019-August 15, 2025                                                                                                                                                                                                                                      August 16, 2019-August 15, 2025



        PT Mitra Pinasthika Mustika Tbk
20      Laporan Tahunan 2023 Annual Report
Page 23
LAPORAN
MANAJEMEN
Management Report




                        PT Mitra Pinasthika Mustika Tbk
                    Laporan Tahunan 2023 Annual Report    21
Page 24
 Laporan Dewan Komisaris
 Board of Commissioners’ Report




     PT Mitra Pinasthika Mustika Tbk
22   Laporan Tahunan 2023 Annual Report
Page 25
                                                                                              Laporan Manajemen
                                                                                              Management Report




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


                            Tahun 2023 menjadi periode yang penuh       The year 2023 was a period full of
                            tantangan bagi PT Mitra Pinasthika          challenges for PT Mitra Pinasthika
                            Mustika Tbk dalam menghadapi                Mustika Tbk in facing the rapidly
                            dinamika       eksternal   yang   cepat     changing        external       dynamics,
                            berubah, namun demikian, Perseroan          nevertheless, the Company continuously
                            terus berupaya untuk tetap stabil dan       strove to remain stable and perform
                            berkinerja baik sepanjang tahun. Kondisi    well throughout the year. The economic
                            perekonomian pada tahun tersebut tetap      conditions in that year continued to
                            menunjukkan pertumbuhan yang solid,         show solid growth, particularly in motor
                            terutama dalam penjualan kendaraan          vehicle sales. This success could not be
                            bermotor. Keberhasilan ini tidak lepas      separated from an effective marketing
                            dari strategi pemasaran yang efektif dan    strategy and comprehensive product
                            portofolio produk yang komprehensif.        portfolio. The Management managed
                            Manajemen         berhasil    mengambil     in taking appropriate strategic steps to
                            langkah-langkah strategis yang tepat        maintain the Company's growth and
                            untuk menjaga pertumbuhan dan               profitability.
                            profitabilitas Perseroan.


                            Melihat Perseroan terus menunjukkan         The Company’s existence as a
                            eksistensi sebagai grup perusahaan          strong automotive company group
                            otomotif yang tangguh di usia yang          in its 36th years shows that the
                            ke-36 tahun, hal ini menunjukkan            management is able to manage
                            bahwa manajemen mampu mengelola             business holistically and provide
                            bisnis secara holistik dan memberikan       added value for all stakeholders. Such
                            nilai tambah bagi seluruh pemangku          assumption is based on supervisory
                            kepentingan.    Anggapan      tersebut      function implementation results for
                            disandarkan pada hasil pelaksanaan          the fiscal year ended December 31,
                            fungsi pengawasan untuk tahun               2023, as in the following Accountability
                            buku yang berakhir pada tanggal             Report of the Board of Commissioners.
                            31 Desember 2023 yang diuraikan
                            dalam Laporan Pertanggungjawaban
                            Dewan Komisaris berikut ini.




      EDWIN
SOERYADJAYA
          Komisaris Utama
   President Commissioner




                                                                           PT Mitra Pinasthika Mustika Tbk
                                                                       Laporan Tahunan 2023 Annual Report    23
Page 26
Evaluasi terhadap Kinerja Direksi dan                                Evaluation of the Performance of Board
Perseroan                                                            of Directors and the Company

Secara keseluruhan, Dewan Komisaris menilai Direksi telah            Overall, the Board of Commissioners considers that the Board
mampu menciptakan kerja sama yang solid dan efisien dalam            of Directors has been able to establish solid and efficient
menghadapi berbagai tantangan ekonomi yang dinamis.                  cooperation in facing various dynamic economic challenges.
Strategi yang dijalankan oleh Direksi, seperti ekspansi pasar,       The strategies implemented by the Board of Directors, such
pengembangan produk dan layanan, serta sistem pemasaran              as market expansion, product and service development,
terpadu, terbukti berhasil dalam meningkatkan kinerja usaha          and integrated marketing system, are proven successful in
yang berkelanjutan dan efektif dalam mendukung pencapaian            improving the sustainable business performance and effective
tujuan Perseroan. Dalam hal kinerja keuangan, Perseroan              in supporting the achievement of the Company's objectives. In
berhasil membukukan pendapatan neto sebesar Rp13.859                 financial performance, the Company managed to record net
miliar. Hal ini mendorong terpenuhinya target laba tahun             revenues of Rp13,859 billion. This encourages the fulfillment of
berjalan sebesar Rp526 miliar atau mencapai 100,3% dari target       the current year's revenue target of Rp526 billion or reaching
yang ditetapkan untuk tahun 2023.                                    100.3% of the predetermined 2023 target.


Selain itu, Dewan Komisaris juga mengapresiasi transparansi          Furthermore, the Board of Commissioners also appreciates
dan akuntabilitas Direksi dalam menjalankan peran dan                the transparency and accountability of the Board of Directors
tanggung jawabnya. Komunikasi yang terbuka dan jujur antara          in performing its roles and responsibilities. Open and honest
Direksi dan Dewan Komisaris membantu memperkuat kerja                communication between the Board of Directors and Board of
sama dalam mencapai tujuan Perseroan. Di sisi lain, kinerja          Commissioners helps strengthen the cooperation in achieving
Direksi dalam mengelola dan memitigasi risiko juga dinilai positif   the Company's objectives. On the other side, the performance
dengan tetap memperhatikan prinsip-prinsip yang berlaku. Kami        of the Board of Directors in managing and mitigating risks is
berharap langkah-langkah strategis yang telah dilakukan oleh         also considered positive with due observance of the applicable
Direksi, termasuk implementasi strategi digitalisasi, akan terus     principles. We hope that the strategic steps taken by the Board
memperkuat posisi daya saing Perseroan dan meningkatkan              of Directors, including the implementation of digitalization
manfaat bagi para pemangku kepentingan.                              strategy, will continue to strengthen the Company's competitive
                                                                     position and increase benefits for stakeholders.



Pengawasan dalam Perumusan dan                                       Supervision in Strategy Formulation and
Implementasi Strategi                                                Implementation

Dewan Komisaris secara berkala melakukan pengawasan                  The Board of Commissioners periodically supervises the
terhadap     pelaksanaan       operasional    Perseroan    guna      implementation of the Company's operations to ensure that
memastikan bahwa strategi yang dijalankan Direksi telah              strategies implemented by the Board of Directors are in
sesuai dengan visi dan misi Perseroan serta tujuan yang telah        accordance with the Company's vision and mission and the
ditetapkan. Strategi-strategi tersebut telah dirumuskan terlebih     stated objectives. These strategies have been formulated
dahulu secara komprehensif melalui rapat gabungan bersama            comprehensively in advance through joint meetings with the
Direksi dan unit-unit terkait lainnya. Keterlibatan Dewan            Board of Directors and other related units. The involvement of
Komisaris turut membantu menjaga pelaksanaan strategi                the Board of Commissioners helps maintain the implementation
dan keputusan lainnya tetap berada dalam koridor kepatuhan,          of strategies and other decisions within the compliance corridor,
sebagai perusahaan yang berintegritas. Secara garis besar,           as a Company with integrity. In general, the implementation of
implementasi strategi Perseroan di tahun 2023 telah berhasil         the Company's strategy in 2023 managed to record sustainable
mencatatkan pengembangan usaha berkelanjutan dengan                  business development, supported by a sophisticated, modern,
didukung oleh sistem informasi yang canggih, modern,                 and reliable information system so as to make efficient use of
dan dapat diandalkan sehingga mampu mengefisienkan                   time and costs.
penggunaan waktu dan biaya.




       PT Mitra Pinasthika Mustika Tbk
24     Laporan Tahunan 2023 Annual Report
Page 27
                                                                                                                Laporan Manajemen
                                                                                                                Management Report




Perspektif terhadap Prospek Bisnis                                 Perspective on the Company's Business
Perseroan                                                          Prospects

Dewan Komisaris meyakini bahwa bisnis Perseroan memiliki           The Board of Commissioners believes that the Company's
prospek yang cerah di masa mendatang. Meskipun dihadapkan          business has bright prospects in the future. Despite being faced
pada tantangan eksternal yang beragam, Dewan Komisaris             with various external challenges, the Board of Commissioners
percaya bahwa Perseroan telah membangun fondasi yang               believes that the Company has established a solid foundation
solid dan menerapkan strategi yang tepat untuk menghadapi          and implemented the appropriate strategy to encounter market
perubahan pasar. Dukungan infrastruktur yang kuat, produk dan      changes. Strong infrastructure support, quality products
layanan berkualitas, serta fokus pada inovasi dan digitalisasi     and services, and focus on innovation and digitalization are
dipandang sebagai faktor kunci yang akan membantu                  considered as key factors that will help the Company remains
Perseroan tetap kompetitif.                                        competitive.


Dewan Komisaris juga melihat adanya peluang pertumbuhan            The Board of Commissioners also sees significant growth
yang signifikan bagi bisnis Perseroan, terutama dengan adanya      opportunities for the Company's business, particularly with
tren digitalisasi yang terus berkembang. Strategi ekspansi pasar   the growing digitalization trend. Market expansion strategy
serta pengembangan produk dan layanan diharapkan dapat             and product and service development are expected to
membantu Perseroan meningkatkan kinerja operasional dan            help the Company improve its operational and financial
keuangan yang lebih solid dan sehat. Oleh karena itu, Dewan        performance to be more solid and sound. Therefore, the Board
Komisaris optimis bahwa Perseroan akan terus mencapai              of Commissioners is optimistic that the Company will continue
pertumbuhan yang berkelanjutan dan memberikan nilai tambah         to achieve sustainable growth and provide added value for
bagi para pemangku kepentingan.                                    stakeholders.



Pandangan terhadap Penerapan Tata                                  Views on Corporate Governance
Kelola Perusahaan                                                  Implementation

Dewan Komisaris menilai bahwa Perseroan telah berupaya             The Board of Commissioners considers that the Company has
meningkatkan kualitas tata kelola perusahaan yang baik             striven to improve the good corporate governance (GCG) quality
(good corporate governance/GCG) di tahun 2023, sebagai             in 2023, as part of the established business plan. Compliance
bagian dari rencana usaha yang telah ditetapkan. Kepatuhan         with applicable laws and regulations and the implemented
terhadap peraturan perundang-undangan yang berlaku serta           standards are important matters that are properly carried out
standardisasi yang diterapkan merupakan salah satu bentuk          by all main and supporting parts of the Company. In addition,
penting yang telah dilakukan dengan baik oleh semua bagian         the Board of Commissioners also appreciates the efforts and
utama dan pendukung Perseroan. Selain itu, Dewan Komisaris         initiatives carried out to improve sustainability principles in
juga memberikan apresiasi atas sejumlah upaya dan inisiatif        various business aspects, accompanied by the increasingly
yang dilakukan untuk meningkatkan prinsip keberlanjutan            complete systems and policies and better implementation.
dalam berbagai aspek bisnis, dengan disertai sistem dan            This assessment is not only the result of the Board of
kebijakan yang semakin lengkap dan penerapan yang lebih            Commissioners' views, but is also in line with recognition from
baik. Penilaian ini tidak hanya sekedar hasil pandangan Dewan      independent external parties through various awards.
Komisaris, tetapi juga sejalan dengan pengakuan dari pihak
eksternal yang independen melalui berbagai penghargaan.




                                                                                             PT Mitra Pinasthika Mustika Tbk
                                                                                         Laporan Tahunan 2023 Annual Report     25
Page 28
Apresiasi                                                         Appreciation

Kami menyampaikan apresiasi dan terima kasih atas dedikasi        We would like to express our appreciation and gratitude for the
yang telah dikerahkan oleh Direksi, manajemen, dan seluruh        dedication put forth by the Board of Directors, management, and
karyawan dalam upaya mencapai tujuan Perseroan yang               all employees in achieving the Company's sustainable goals.
berkelanjutan. Terima kasih juga kami sampaikan kepada para       We also would like to express our thanks to the Shareholders
Pemegang Saham yang telah mendukung Dewan Komisaris               who have supported the Board of Commissioners and Board of
dan Direksi dalam menjalankan setiap tanggung jawab yang          Directors in performing each responsibility entrusted to us. We
dipercayakan kepada kami. Tak lupa kepada segenap mitra           also convey gratitude to all Company partners and customers
Perseroan dan pelanggan yang telah bekerja sama dengan            who have worked together with mutual benefit principle to win
prinsip saling menguntungkan guna memenangkan persaingan          the healthy business competition. We hope the good relations
usaha yang sehat. Semoga hubungan baik yang telah tercipta        established to date can continue to be maintained, and even
hingga saat ini dapat terus terjalin, bahkan semakin meningkat    improve in quality, as a synergistic step to achieve positive and
kualitasnya, sebagai langkah sinergi pencapaian pertumbuhan       inclusive growth.
yang positif dan inklusif.




                                                 Atas nama Dewan Komisaris
                                            On behalf of the Board of Commissioners
                                            PT MITRA PINASTHIKA MUSTIKA TBK,




                                                    Edwin Soeryadjaya
                                                       Komisaris Utama
                                                    President Commissioner




       PT Mitra Pinasthika Mustika Tbk
26     Laporan Tahunan 2023 Annual Report
Page 29
Dewan Komisaris
Board of Commissioners




                              4              3                 5

                                      2             1
Keterangan:
Description:


1. Edwin Soeryadjaya              3. Danny Walla                     5. Benny Redjo Setyono
     Komisaris Utama                Komisaris                             Komisaris Independen
     President Commissioner         Commissioner                          Independent Commissioner

2. Tossin Himawan                 4. Istama Tatang Siddharta
     Komisaris                      Komisaris Independen
     Commissioner                   Independent Commissioner



                                                                       PT Mitra Pinasthika Mustika Tbk
                                                                   Laporan Tahunan 2023 Annual Report    27
Page 30
 Laporan Direksi
 Board of Directors’ Report




     PT Mitra Pinasthika Mustika Tbk
28   Laporan Tahunan 2023 Annual Report
Page 31
                                                                                           Laporan Manajemen
                                                                                           Management Report




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


                         Dengan penuh rasa hormat, kami, jajaran     With great respect, we, the Board
                         Direksi PT Mitra Pinasthika Mustika Tbk,    of Directors of PT Mitra Pinasthika
                         menyampaikan        Laporan    Tahunan      Mustika Tbk, deliver the company's
                         perusahaan untuk tahun buku yang            Annual Report for the fiscal year ended
                         berakhir pada 31 Desember 2023. Tahun       December 31, 2023. This year is an
                         ini menjadi tahun yang penting bagi         important year for the Company amidst
                         Perseroan di tengah kondisi ekonomi         challenging global economic conditions.
                         global yang menantang. Meskipun             Nevertheless,       the      automotive
                         demikian, industri otomotif mengalami       industry experiences positive signs of
                         tanda-tanda pemulihan yang positif,         recovery, supported by strong public
                         didukung oleh konsumsi masyarakat           consumption. High consumer demand,
                         yang kuat. Permintaan konsumen              including for passenger and light
                         yang tinggi, termasuk untuk kendaraan       commercial motor vehicles, boosts
                         bermotor penumpang dan komersial            the automotive industry. Government
                         ringan, memberikan dorongan bagi            policies that support the growth
                         industri otomotif. Kebijakan pemerintah     of automotive industry have also
                         yang mendukung pertumbuhan industri         contributed to improving conditions in
                         otomotif juga turut berkontribusi pada      similar sectors.
                         perbaikan kondisi sektor sejenis.


                         Dengan demikian, tahun 2023 menjadi         Therefore, year 2023 becomes an
                         tahun penting bagi Perseroan, di mana       important year for the Company, in
                         kami berhasil menghadapi berbagai           which we manage to face various
                         tantangan yang kompleks dengan              complex      challenges     with     the
                         strategi yang tepat. Kami juga terus        appropriate strategy. We also continue
                         memperkuat fondasi Perseroan untuk          to strengthen the Company's foundation
                         pertumbuhan      yang    berkelanjutan,     for sustainable growth, with a focus
                         dengan fokus pada inovasi, efisiensi        on innovation, operational efficiency,
                         operasional, dan keberlanjutan. Adapun      and sustainability. The management
                         pengelolaan yang telah dilakukan            carried out by the Board of Directors to
                         Direksi untuk mengupayakan prospek          ensure controlled business prospects is
                         usaha yang terkendali, kami jelaskan        explained as follows.
                         sebagai berikut.




   SUWITO
MAWARWATI
      Direktur Utama
    President Director




                                                                        PT Mitra Pinasthika Mustika Tbk
                                                                    Laporan Tahunan 2023 Annual Report    29
Page 32
Tinjauan Ekonomi dan Industri                                      Economic and Industrial Overview

Situasi ekonomi global hingga akhir tahun 2023 masih dipenuhi      The global economic situation until the end of 2023 was still filled
oleh ketidakpastian yang signifikan. Negara-negara maju, seperti   with significant uncertainty. Developed countries, such as the
Amerika Serikat, Tiongkok, dan Eropa, menghadapi tantangan         United States, China, and Europe, encountered challenges with
berupa inflasi tinggi dan pelemahan ekonomi. Dinamika ini          high inflation and economic weakness. This dynamic significantly
memberikan dampak yang cukup besar terhadap pertumbuhan            affected the global economic growth, which eventually only
ekonomi global, yang pada akhirnya hanya tumbuh sebesar            grew by 3.0% that year, lower than the previous year of 3.5%.
3,0% pada tahun tersebut, lebih rendah dibandingkan dengan         Factors of geopolitical risk in Ukraine and the Middle East also
tahun sebelumnya yang mencapai 3,5%. Faktor risiko geopolitik      worsened international trade, which then contributed to slowing
di Ukraina dan Timur Tengah turut memperburuk perdagangan          global economic growth. The inflation rate also remained high, at
internasional, yang kemudian berkontribusi pada perlambatan        around 6.5%, triggered by political conditions and international
pertumbuhan ekonomi global. Tingkat inflasi juga tetap tinggi,     wars.
berada pada kisaran 6,5%, yang dipicu oleh kondisi politik dan
perang dunia internasional.


Di tengah kondisi ekonomi global yang dinamis, Indonesia mampu     Amidst the dynamic global economic conditions, Indonesia
mempertahankan pertumbuhan ekonominya pada level 5,05%.            managed to maintain its economic growth at the level of
Produk Domestik Bruto (PDB) Indonesia mencapai Rp20.892,4          5.05%. Indonesia's Gross Domestic Product (GDP) reached
triliun, sementara PDB per kapita mencapai Rp75,0 juta atau        Rp20,892.4 trillion, while GDP per capita reached Rp75.0 million
setara dengan USD4.919,7. Tingkat inflasi nasional juga berhasil   or equivalent to USD4,919.7. The national inflation rate was also
terjaga stabil dan terkendali pada sasaran 2,61%, mengalami        successfully maintained stable and under control at the target of
penurunan dibandingkan dengan realisasi tahun sebelumnya.          2.61%, a decrease compared to the previous year's realization.
Lebih menariknya, di luar periode terdampak pandemi                More interestingly, outside the period affected by the pandemic
(2020-2021), realisasi inflasi tersebut merupakan yang terendah    (2020-2021), the realization of inflation was the lowest since
sejak tahun 2000. Keberhasilan Indonesia dalam menjaga             2000. Indonesia's success in maintaining economic stability
stabilitas ekonomi ini memberikan fondasi yang kuat untuk          provides a strong foundation for sustainable economic growth
pertumbuhan ekonomi yang berkelanjutan di masa mendatang.          in the future.


Kinerja ekonomi nasional yang berdaya tahan bersumber dari         The resilient national economic performance comes from
dukungan performa beberapa industri. Pada tahun 2023, kinerja      the support of several industries’ performance. In 2023, the
sektor perdagangan besar dan eceran, reparasi mobil dan sepeda     performance of wholesale and retail trade, car, and motorcycle
motor mencatatkan pertumbuhan sebesar 4,85%, menurun               repair sector recorded growth of 4.85%, a decrease compared to
dibandingkan dengan tahun 2022 yang tumbuh sebesar 5,53%.          2022 which grew by 5.53%. Despite experiencing a decline, the
Meski mengalami penurunan, industri perdagangan besar dan          wholesale and retail trade, car, and motorcycle repair industries
eceran, reparasi mobil dan sepeda motor menjadi penyumbang         were the second largest contributor and foundation for national
kedua terbesar dan tumpuan bagi pertumbuhan ekonomi                economic growth with a proportion of GDP reaching 12.94%.
nasional dengan proporsi terhadap PDB mencapai 12,94%.             The contribution of national automotive product exports was
Kontribusi ekspor produk otomotif nasional juga tercatat cukup     also quite significant, growing by 5.96% from 5.14% in 2022.
signifikan dengan tumbuh 5,96% dari tahun 2022 yang tercatat       This was driven by sales of motor vehicles with 4 wheels or
sebesar 5,14%. Hal ini didorong oleh penjualan kendaraan           more, cumulatively, of 1,005,802 units and sales of motorcycle
bermotor roda 4 atau lebih, secara kumulatif, sebesar 1.005.802    of 6,236,992 units.
unit serta penjualan sepeda motor sebanyak 6.236.992 unit.



Penerapan Kebijakan Strategis Perseroan                            Implementation of the Company’s
                                                                   Strategic Policy

Kondisi perekonomian Indonesia tahun 2023 yang dinamis             Indonesia's dynamic economic conditions in 2023 encountered
menghadapkan berbagai sektor ekonomi pada tantangan yang           various economic sectors with complex challenges, including
kompleks, termasuk bagi industri otomotif. Salah satu tantangan    the automotive industry. One of the main challenges faced
utama yang dihadapi adalah peningkatan suku bunga acuan            is an increase in The Fed's benchmark interest rate. This
The Fed. Tantangan ini menunjukkan perlunya adaptasi               challenge showed the need for appropriate adaptation and
dan strategi yang tepat, sebagaimana yang telah dilakukan          strategy, as done by the Company. Throughout 2023, the
Perseroan. Sepanjang tahun 2023, Perseroan mengambil langkah       Company took strategic steps, including launching innovative
strategis, termasuk meluncurkan produk baru yang inovatif,         new products, improving employee quality and welfare, as well
upaya peningkatan kualitas dan kesejahteraan karyawan, serta       as implementing digitalization comprehensively.
implementasi digital yang menyeluruh.



       PT Mitra Pinasthika Mustika Tbk
30     Laporan Tahunan 2023 Annual Report
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                                                                                                                   Laporan Manajemen
                                                                                                                   Management Report




Pada segmen asuransi, melalui MPMInsurance, Perseroan             In insurance segment, through MPMInsurance, the Company
meluncurkan produk asuransi perjalanan (travel insurance)         launched travel insurance products at competitive prices. This
dengan harga kompetitif. Hal ini turut meramaikan pasar           also enlivened the domestic and international travel insurance
asuransi perjalanan domestik dan internasional, yang diharapkan   market, expected to increase the Company's competitiveness in
dapat meningkatkan daya saing perusahaan di tengah pasar          the dynamic market.
yang dinamis.


Selain melalui peluncuran produk baru, Perseroan juga telah       In addition to launching new products, the Company also
mengimplementasikan berbagai strategi dalam pengelolaan           implemented various strategies in managing human resources
sumber daya manusia (SDM) untuk menghadapi tantangan              (HR) to face dynamic economic challenges. This strategy
ekonomi yang dinamis. Strategi ini termasuk meningkatkan          included improving employee welfare through well-being
kesejahteraan      karyawan      melalui program well-being,      programs, developing competency and technical training for
mengembangkan kompetensi dan pelatihan teknis bagi                employees in the digital era, providing sustainable leadership
karyawan di era digital, memberikan program kepemimpinan          programs, and reactivating the Company's engagement
yang berkelanjutan, serta mengaktifkan kembali program-           programs. All of such strategies were efforts to achieve solid
program engagement Perseroan. Seluruh strategi tersebut           recovery momentum by focusing on creating product relevance
merupakan upaya untuk meraih momentum pemulihan yang              and adequate internal quality.
solid dengan berfokus pada penciptaan relevansi produk dan
kualitas internal yang lebih baik.



Peranan Direksi dalam Perumusan dan                               Board of Directors’ Role in the
Implementasi Strategi Perusahaan                                  Formulation and Implementation of the
                                                                  Company Strategy

Direksi Perseroan berperan penting dalam perumusan dan            The Company's Board of Directors plays an important role
implementasi strategi perusahaan. Proses perumusan tersebut       in formulating and implementing the Company strategy. The
dimulai dengan pemahaman yang mendalam tentang kondisi            formulation process begins with a deep understanding of
ekonomi dan industri di mana perusahaan beroperasi. Direksi       economic and industrial conditions of which the Company
juga senantiasa menganalisis tren pasar, mengidentifikasi         operates. The Board of Directors also continually analyzes
peluang dan risiko, serta merumuskan strategi yang tepat          market trends, identifies opportunities and risks, and formulates
untuk memaksimalkan potensi pertumbuhan jangka panjang,           appropriate strategies to maximize the potential of growth in
termasuk pembahasan pengembangan transformasi digital             the long term, including by discussing development in digital
untuk meningkatkan customer experience and satisfaction           transformation to improve customer experience and satisfaction
dalam menghadapi pesatnya peningkatan daya saing di industri      in facing competitiveness that rapidly increases in automotive
ritel otomotif.                                                   retail industry.


Setelah strategi dirumuskan, Direksi memastikan implementasi      Once the strategy is formulated, the Board of Directors ensures
dilakukan secara efektif, dengan melibatkan proses pengambilan    that it is carried out effectively, by involving appropriate decision-
keputusan yang tepat, alokasi sumber daya yang bijaksana, dan     making processes, wise allocation of resources, and careful
pengawasan yang cermat terhadap penerapannya. Hal ini juga        monitoring of its implementation. This involves establishing
melibatkan pembangunan tim yang solid, pemberian motivasi         strong teams, motivating employees, and creating an innovative
kepada karyawan, serta menciptakan lingkungan kerja yang          and collaborative work environment.
inovatif dan kolaboratif.



Pencapaian Kinerja Perseroan yang                                 Company’s Performance Achievement
Sesuai Ekspektasi                                                 that Meets the Expectations

Meskipun dihadapkan pada berbagai tantangan ekonomi               Despite being faced with various economic and industrial
dan industri, Perseroan mampu mencapai target laba yang           challenges, the Company managed to achieve the predetermined
ditetapkan dengan menjaga stabilitas dan pertumbuhan yang         profit by maintaining stability and healthy growth. One main
sehat. Salah satu pencapaian utama yang patut disoroti adalah     achievement worth highlighting is the consistent revenue
pertumbuhan pendapatan yang konsisten sepanjang tahun.            growth throughout the year. Although the revenue achieved was
Walaupun pencapaian pendapatan hanya 91,6% dari target yang       only 91.6% of the target set, the Company recorded net revenues
ditetapkan, Perseroan mencatatkan pendapatan neto Rp13.859        of Rp13,859 billion, an increase of 8.8%, compared to that of the
miliar, meningkat 8,8% dibandingkan tahun sebelumnya sebesar      previous year of Rp12,743 billion. Through appropriate strategy
Rp12.743 miliar. Melalui strategi yang tepat dan efisiensi        and proper operational efficiency, the Company recorded profit



                                                                                              PT Mitra Pinasthika Mustika Tbk
                                                                                          Laporan Tahunan 2023 Annual Report          31
Page 34
 operasional yang baik, Perseroan mencatatkan laba tahun            for the year in 2023 of Rp526 billion, of which 100.3% of the
 berjalan 2023 sebesar Rp526 miliar, di mana angka tersebut         target set. When compared to the previous year’s profit of
 merupakan 100,3% dari target yang ditetapkan. Dibandingkan         Rp662 billion, the amount in 2023 was lower due to the profit
 tahun sebelumnya, di mana pencapaian laba sebesar Rp662            from divestment of MPMRent shares in 2022 and a decrease in
 miliar, angka pada tahun 2023 lebih rendah dikarenakan di          the share of profits from the financing business in 2023.
 tahun 2022 terdapat laba atas divestasi saham MPMRent dan
 adanya penurunan bagian atas laba dari bisnis pembiayaan
 di tahun 2023.



 Mencapai Kinerja Keberlanjutan Melalui                             Achieving Sustainability Performance
 Inovasi Digital                                                    Through Digital Innovation

 Untuk      mencapai       kinerja     keberlanjutan,   Perseroan   To achieve sustainable performance, the Company implements
 mengimplementasikan berbagai inovasi digital yang strategis.       various strategic digital innovations. In 2023, the Company
 Di tahun 2023, Perseroan telah berhasil melakukan migrasi          managed to fully migrate its entire IT infrastructure to public
 seluruh infrastruktur IT ke public cloud, meningkatkan keamanan    cloud, increase information security through the implementation
 informasi melalui implementasi sistem manajemen kepatuhan          of the ISO 27001 compliance management system, and
 ISO 27001, serta meningkatkan keamanan melalui password            increase security through password management and multi-
 management dan otentikasi multi-faktor. Langkah-langkah ini        factor authentication. These steps not only aimed at improving
 tidak hanya bertujuan untuk meningkatkan efisiensi operasional,    operational efficiency, but also strengthening information security
 tetapi juga memperkuat keamanan informasi dan memberikan           and providing better experience for employees and customers.
 pengalaman yang lebih baik bagi karyawan dan pelanggan.


Selain itu, implementasi IT service management dan Security         Furthermore, the implementation of IT service management and
Operation Center juga telah dilakukan untuk meningkatkan            Security Operations Center have also been carried out to increase
efisiensi operasional dan meningkatkan respons terhadap             operational efficiency and improve response to potential security
potensi ancaman keamanan. Automasi pemrosesan data,                 threats. Data processing automation, online to offline (O2O)
online to offline (O2O) dashboard, secure coding tools, dan         dashboards, secure coding tools, and application performance
application performance monitoring juga telah diterapkan            monitoring have also been implemented to improve system
untuk meningkatkan kinerja sistem dan pengalaman pengguna.          performance and user experience.



 Komitmen terhadap SDM                                              Commitment to HR

 Komitmen Perseroan terhadap pengelolaan SDM yang                   The Company's commitment to responsible HR management is
 bertanggung jawab tercermin dalam upaya nyata untuk                reflected in real efforts to create an inclusive and gender-equal
 menciptakan lingkungan kerja yang inklusif dan berkesetaraan       work environment. The Company has increased the percentage
 gender. Perseroan telah meningkatkan persentase karyawan           of female employees from 29% in 2022 to 30% in 2023, and
 perempuan dari 29% di tahun 2022 menjadi 30% pada tahun            striven gender equality in recruitment and promotion for strategic
 2023, serta mengupayakan kesetaraan gender dalam rekrutmen         positions. In addition, the Company also focuses on programs
 dan promosi untuk posisi-posisi strategis. Selain itu, Perseroan   to prepare leaders for succession, digitize HR processes, and
 juga berfokus pada program suksesi regenerasi kepemimpinan,        start a digital recruitment process. One leadership development
 digitalisasi proses SDM, serta memulai proses rekrutmen            effort was carried out through Harvard Leadership Program in
 digital. Salah satu upaya pengembangan kepemimpinan yang           November 2023. This activity involved excellent talents from
 dilakukan melalui Harvard Leadership Program pada November         various management levels of the Company, with facilitators
 2023. Kegiatan ini melibatkan talenta unggul dari berbagai         from Harvard Business Corporate Learning to develop various
 level manajemen di Perseroan dengan fasilitator dari Harvard       leadership and managerial skills.
 Business Corporate Learning untuk mengembangkan berbagai
 keterampilan kepemimpinan dan manajerial.


 Dalam    mengelola   SDM,    Perseroan     juga    telah           In managing HR, the Company has also implemented a
 mengimplementasikan proyek digitalisasi terkait rewards            digitalization project related to rewards and performance
 and performance melalui pembuatan MPM Lounge, serta                through the establishment of MPM Lounge, as well as by
 menggunakan metode rekrutmen digital untuk menciptakan             using digital recruitment methods to create an accountable




        PT Mitra Pinasthika Mustika Tbk
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                                                                                                                    Laporan Manajemen
                                                                                                                    Management Report




proses rekrutmen yang akuntabel dan inklusif. Dengan demikian,       and inclusive recruitment process. In this way, the Company
Perseroan berhasil menciptakan lingkungan kerja yang kondusif,       manages to create a conducive, efficient, and inclusive work
efisien, dan inklusif bagi seluruh karyawan, sejalan dengan          environment for all employees, in line with its commitment to
komitmen untuk memberikan kesempatan yang sama bagi                  providing equal opportunities for all individuals and achieving
semua individu dan mencapai kinerja keberlanjutan yang               the expected sustainability performance. This effort to improve
diharapkan. Upaya untuk meningkatkan kualitas pengelolaan            the quality of HR management received external recognition
SDM ini mendapatkan pengakuan pihak eksternal melalui                through an award in the HR Digitalization and People Analytics
penghargaan dengan kategori HR Digitalization and People             category in the 2023 HR Excellence Award.
Analytics dalam HR Excellence Award 2023 .



Penerapan Tata Kelola Perusahaan                                     Implementation of Corporate Governance

Dalam menjalankan tata kelola perusahaan yang baik                   In implementing good corporate governance (GCG), the Company
(good corporate governance/GCG), Perseroan telah mengambil           has taken various strategic steps to ensure transparency,
berbagai langkah strategis untuk memastikan transparansi,            accountability, and sustainability in the ongoing operations.
akuntabilitas, dan keberlanjutan dalam operasi yang berjalan.        The Company has a strong corporate governance structure,
Perseroan memiliki struktur tata kelola perusahaan yang kuat,        with the Board of Commissioners and Board of Directors who
dengan Dewan Komisaris dan Direksi yang bekerja secara               work independently to supervise and manage the Company in
independen untuk mengawasi dan mengelola perusahaan                  accordance with good GCG principles. The Company is also
sesuai dengan prinsip-prinsip GCG yang baik. Perseroan juga          active in disseminating GCG practices in all business lines, by
aktif menyosialisasikan praktik GCG di seluruh lini bisnis, dengan   encouraging transparency in financial reporting and Company
mendorong transparansi dalam pelaporan keuangan dan kinerja          performance. Likewise, the implementation of anti-corruption
perusahaan. Demikian pula dengan implementasi kebijakan              and conflict of interest policies has been aligned with the
anti-korupsi dan konflik kepentingan telah diselaraskan dengan       supervision and ensures that all employees understand and
pengawasan dan pemastian bahwa seluruh karyawan telah                comply with the applicable ethical standards. Through the
memahami dan mematuhi standar etika yang berlaku. Melalui            implementation of GCG, the Company is committed to ensuring
penerapan GCG, Perseroan berkomitmen untuk memastikan                that all Company decisions and actions are based on the
bahwa semua keputusan dan tindakan perusahaan didasarkan             principles of integrity and sustainability.
pada prinsip-prinsip integritas dan berkelanjutan.



Prospek Usaha                                                        Business Outlook

Gejolak geopolitik global yang diprediksi akan berlanjut di tahun    Global geopolitical turmoil which is predicted to continue in
2024 berdampak pada perkiraan pertumbuhan ekonomi global.            2024 has an impact on global economic growth estimates. The
Bank Dunia telah merilis proyeksi pertumbuhan ekonomi global         World Bank has released global economic growth projections for
untuk tahun 2024, yang diperkirakan hanya akan mencapai              2024, expected to only reach around 2.4%, while the inflation rate
sekitar 2,4%, sementara tingkat inflasi diperkirakan tetap tinggi,   is expected to remain high by reaching 5.6%. Nonetheless, the
mencapai level 5,6%. Meskipun demikian, ekonomi Indonesia            Indonesian economy is predicted to remain resilient in 2024 with
di 2024 diperkirakan tetap berdaya tahan dengan proyeksi             projected growth of around 5.2%. This confidence is based on
pertumbuhan sekitar 5,2%. Keyakinan ini didasarkan pada              various factors, including fiscal policies set by the government
berbagai faktor, termasuk kebijakan fiskal yang telah ditetapkan     as well as trend of increasing consumer confidence.
oleh pemerintah serta tren peningkatan kepercayaan konsumen.


Dengan optimisme perekonomian nasional yang stabil,                  With optimism for a stable national economy, Gaikindo
Gaikindo (Gabungan Industri Kendaraan Bermotor Indonesia)            (Indonesian Automotive Industry Association) estimates that
memperkirakan bahwa tren investasi di sektor otomotif akan           investment trends in the automotive sector will grow positively
tumbuh positif pada tahun 2024. Hal ini didasarkan pada              in 2024. This is based on Indonesia's potential to become a
potensi Indonesia untuk bisa menjadi pemain utama dalam              major player in electric vehicle (EV) industry. The domestic car
industri kendaraan listrik (electrical vehicle/EV). Adapun target    sales in 2024 is targeted at 1.1 million units. This optimism is
penjualan mobil domestik pada 2024 ini sebesar 1,1 juta unit.        also supported by the presence of new brands in automotive
Optimisme ini turut didukung oleh kehadiran merek-merek baru         market, expected to encourage an increase in sales this year.
di pasar otomotif yang diharapkan mampu mendorong adanya
peningkatan penjualan di tahun tersebut.




                                                                                                PT Mitra Pinasthika Mustika Tbk
                                                                                            Laporan Tahunan 2023 Annual Report      33
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Berdasarkan     gambaran     tersebut,   Perseroan     memliki    Based on this illustration, the Company has bright business
prospek usaha yang cerah dalam menghadapi tahun-tahun             prospects in the coming years. As a Company operating in
mendatang. Sebagai perusahaan yang bergerak di industri           automotive industry, the Company is in a strategic position to
otomotif, Perseroan berada di posisi yang strategis untuk         take advantage of the growing economic growth in Indonesia.
memanfaatkan pertumbuhan ekonomi yang terus berkembang            The increasing government support for automotive industry,
di Indonesia. Dukungan pemerintah terhadap industri otomotif      including fiscal incentives for environmentally friendly cars, will
yang semakin meningkat, termasuk insentif fiskal untuk mobil      provide opportunities for the Company to increase motor vehicle
ramah lingkungan, akan memberikan peluang bagi Perseroan          sales. In addition, with the implemented digital innovations,
untuk meningkatkan penjualan kendaraan bermotor. Selain           the Company is convinced to continue to expand its market
itu, dengan implementasi inovasi digital yang telah dilakukan,    share and increase its operational efficiency. Nevertheless, the
Perseroan diyakini dapat terus memperluas pangsa pasar            Company is always alert to dynamic conditions, including risk
dan meningkatkan efisiensi operasional. Walau demikian,           mitigation efforts from the implementation of OJK Regulation
Perseroan senantiasa waspada terhadap kondisi yang dinamis,       No. 22 of 2023 on Consumer and Community Protection in the
termasuk upaya mitigasi risiko dari diberlakukannya Peraturan     Financial Services Sector.
Otoritas Jasa Keuangan No. 22 Tahun 2023 tentang Perlindungan
Konsumen dan Masyarakat di Sektor Jasa Keuangan.



Apresiasi                                                         Appreciation

Kami menutup Laporan Direksi untuk tahun 2023 dengan penuh        We conclude the Board of Directors' Report for 2023 with great
rasa terima kasih kepada semua pihak yang telah membantu          gratitude to all parties who have helped the Company achieve its
Perseroan mencapai kestabilan saat ini, termasuk Pemegang         current stability, including Shareholders, employees, business
Saham, karyawan, mitra bisnis, pelanggan, dan masyarakat.         partners, customers, and the community. Our success in facing
Keberhasilan kami dalam menghadapi berbagai tantangan             various challenges cannot be separated from the support we
tidak terlepas dari dukungan yang kami terima, baik secara        receive, both directly and indirectly. Therefore, the Company
langsung maupun tidak langsung. Karenanya, Perseroan              is committed to continuing to learn and adapt so that it can
pun berkomitmen untuk terus belajar dan beradaptasi agar          continue to provide added value for all stakeholders in the future.
dapat terus memberikan nilai tambah bagi seluruh pemangku
kepentingan di masa yang akan datang.




                                                      Atas nama Direksi
                                               On behalf of the Board of Directors
                                             PT MITRA PINASTHIKA MUSTIKA TBK,




                                                     Suwito Mawarwati
                                                        Direktur Utama
                                                       President Director




       PT Mitra Pinasthika Mustika Tbk
34     Laporan Tahunan 2023 Annual Report
Page 37
Direksi
Board of Directors




                          3                            1                2

Keterangan:
Description:


1. Suwito Mawarwati           2. Beatrice Kartika          3. Kemal Mawira
     Direktur Utama              Direktur Keuangan           Direktur
     President Director          Director of Finance         Director




                                                                   PT Mitra Pinasthika Mustika Tbk
                                                               Laporan Tahunan 2023 Annual Report    35
Page 38
Halaman ini sengaja dikosongkan
This page is intentionally left blank
Page 39
Tanggung Jawab Atas Laporan Tahunan
Responsibility For The Annual Report


                                 Surat Pernyataan Dewan Komisaris dan Direksi
                              tentang Tanggung Jawab atas Laporan Tahunan 2023
                                         PT Mitra Pinasthika Mustika Tbk
                           Statement of Board of Commissioners and Board of Directors
                                on the Responsibility for the 2023 Annual Report of
                                         PT Mitra Pinasthika Mustika Tbk

Kami, yang bertanda tangan di bawah ini, menyatakan bahwa         We, the undersigned below, hereby declare that all information
semua informasi dalam Laporan Tahunan PT Mitra Pinasthika         in the Annual Report of PT Mitra Pinasthika Mustika Tbk for year
Mustika Tbk tahun 2023 telah dimuat secara lengkap dan kami       2023 has been fully contained and we shall be fully responsible
bertanggung jawab penuh atas kebenaran isi Laporan Tahunan        for the accuracy of the contents in the Annual Report of the
Perseroan.                                                        Company.


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

                                                      Jakarta, April 2024


                                                   Dewan Komisaris
                                                Board of Commissioners




                                                    Edwin Soeryadjaya
                                                       Komisaris Utama
                                                    President Commissioner



                    Tossin Himawan                                                        Danny Walla
                         Komisaris                                                           Komisaris
                       Commissioner                                                        Commissioner




              Istama Tatang Siddharta                                               Benny Redjo Setyono
                    Komisaris Independen                                               Komisaris Independen
                 Independent Commissioner                                           Independent Commissioner


                                                         Direksi
                                                    Board of Directors




                                                    Suwito Mawarwati
                                                       Direktur Utama
                                                      President Director




         Beatrice Kartika                                                                           Kemal Mawira
                Direktur                                                                                  Direktur
                Director                                                                                  Director



                                                                                             PT Mitra Pinasthika Mustika Tbk
                                                                                         Laporan Tahunan 2023 Annual Report     37
Page 40
     PT Mitra Pinasthika Mustika Tbk
38   Laporan Tahunan 2023 Annual Report
Page 41
PROFIL PERUSAHAAN
Company Profile




                      PT Mitra Pinasthika Mustika Tbk
                  Laporan Tahunan 2023 Annual Report    39
Page 42
Identitas Perusahaan
Company Identity




                                                                Dasar Hukum Pendirian
PT Mitra Pinasthika Mustika Tbk                                 Basis of Establishment
                                                                Didirikan dengan nama PT Mitra Pinasthika Mustika
                                                                berdasarkan Akta No. 2 tanggal 2 November 1987
                                                                dan diubah dengan Akta No. 6 tanggal 1 Juli 1988
         Bidang Usaha                                           oleh Notaris Ny. Rukmasanti Hardjasatya, SH, di
         Line of Business                                       Jakarta, yang telah disahkan berdasarkan keputusan
                                                                Menteri Kehakiman No. C2-7013.HT.01.01 Th 88
         Perdagangan, jasa, industri, dan pengangkutan darat
                                                                tanggal 11 Agustus 1988, didaftarkan di Kepaniteraan
         Trading, services, industry, and land transportation
                                                                Pengadilan Negeri Jakarta Utara dengan No. 241/Leg/1988
                                                                tanggal 29 Agustus 1988, dan diumumkan dalam
                                                                Tambahan No. 1025 pada Berita Negara No. 77 tanggal
         Tanggal Pendirian                                      23 September 1988.
         Date of Establishment                                  Established under the name PT Mitra Pinasthika
         2 November 1987                                        Mustika based on Deed No. 2 dated November 2, 1987,
         November 2, 1987                                       and amended by Deed No. 6 dated July 1, 1988, by
                                                                Notary Mrs. Rukmasanti Hardjasatya, SH, in Jakarta,
                                                                which was approved based on Decree of Minister
                                                                of Justice No. C2-7013.HT.01.01 Th 88 dated
         Kode Saham                                             August 11, 1988 registered at the Registrar’s Office of
         Stock Code                                             North Jakarta District Court under No. 241/Leg/1988
                                                                dated August 29, 1988, and announced in Supplement
         MPMX                                                   No. 1025 in State Gazette No. 77 dated September
                                                                23, 1988.


         Modal Dasar                                            Tanggal Pencatatan Saham
         Authorized Capital                                     Share Listing Dates
         Rp
              5.000.000.000.000                                 29 Mei 2013
                                                                May 29, 2013



         Modal Ditempatkan dan Disetor Penuh                    Lembaga Pencatatan Saham
         Issued and Paid Up Capital                             Share Registar Bureau
                                                                PT Bursa Efek Indonesia
         Rp
              2.231.481.638.000                                 Jakarta Stock Exchange Building Tower I
                                                                Jl. Jenderal Sudirman Kav. 52-53
                                                                Jakarta 12190

         Alamat Kantor Pusat
         Head Office Address
                                                                Jumlah Karyawan Perseroan dan
         Lippo Kuningan Lt. 26 / 26th Fl
                                                                Entitas Anak (per 31 Desember 2023)
         Jl. HR Rasuna Said Kav. B-12
         Karet Kuningan                                         Total Employees of the Company and
         Jakarta 12940                                          Subsidiaries (as of December 31, 2023)
         Indonesia
                                                                         Pria               Wanita
                                                                1.103                483
              +6221 2971 0170                                            Male               Female

              +6221 2911 0320
              www.mpmgroup.co.id
                                                                Jumlah
                                                                Total      1.586            Karyawan
                                                                                            Employee




     PT Mitra Pinasthika Mustika Tbk
40   Laporan Tahunan 2023 Annual Report
Page 43
                                                                                                         Profil Perusahaan
                                                                                                          Company Profile




                                                                Riwayat Singkat
                                                                Brief History


                                                                PT Mitra Pinasthika Mustika Tbk adalah perusahaaan
                                                                konsumer otomotif terintegrasi di Indonesia. Sejak
                                                                didirikan pada tahun 1987, Perseroan terus berupaya
                                                                membangun ekosistem dan menawarkan berbagai
                                                                produk serta layanan yang memberikan solusi untuk
                                                                kebutuhan mobilitas masyarakat.
Komposisi Pemegang Saham (per 31 Desember 2023)
Shareholders Composition (as of December 31, 2023)              Segmen bisnis Perseroan saat ini terdiri atas segmen-
                                                                segmen usaha yang saling bersinergi, mencakup
                                                                distribusi dan ritel penjualan sepeda motor dengan merek
                           PT Saratoga Investama Sedaya Tbk     honda, penjualan suku cadang motor, penjualan mobil
                                                     56,69%     bekas, penyewaan kendaraan dan jasa pengendara,
                                                                lelang, penyediaan asuransi umum, serta pembiayaan
                                 PT Persada Capital Investama
                                                                multiguna dengan jaringan luas untuk menjangkau
                                                       5,00%    pelanggan di seluruh Indonesia.
                                         Masyarakat / Public
                                                                Selama lebih dari 3 dekade, Perseroan menjadi semakin
                                                     36,14%
                                                                kokoh untuk mencapai visi Perseroan, yaitu untuk
                              Saham Tresuri / Treasury Stock    memberikan dampak positif pada kehidupan melalui
                                                       2,17%    mobilitas cerdas dan integrasi sosial. Visi tersebut
                                                                menggarisbawahi bagaimana Perseroan memastikan
                                                                keberlanjutan bisnis Perseroan berdampak positif bagi
                                                                lingkungan dan pemangku kepentingan di seluruh rantai
                                                                nilai Perseroan.

         Media Sosial
                                                                PT Mitra Pinasthika Mustika Tbk is an integrated
         Social Media
                                                                consumer automotive company in Indonesia. Since its
              mpmworld                                          incorporation in 1987, the Company strives to build an
                                                                ecosystem and offer various products and services that
              @mpmgroup                                         provide solutions to people’s mobility needs.

              MPM Group
                                                                The Company’s business segments currently consist of
                                                                synergistic business segments, including distribution and
              @experiencempm
                                                                retail sales of motorcycles under Honda brand, sales of
              MPM Group                                         motorcycle parts, sales of used cars, vehicle rental and
              (PT Mitra Pinasthika Mustika Tbk)
                                                                driver services, auctions, provision of general insurance,
                                                                and multipurpose financing with an extensive network to
                                                                reach customers throughout Indonesia.


                                                                For more than 3 decades, the Company has become
                                                                stronger in achieving the Company’s vision, which is to
                                                                positively impact lives through smart mobility and social
                                                                integration. Such vision outlines how the Company
                                                                ensures that its business sustainability has a positive
                                                                impact on the environment and stakeholders throughout
                                                                the Company’s value chain.




                                                                                   PT Mitra Pinasthika Mustika Tbk
                                                                               Laporan Tahunan 2023 Annual Report       41
Page 44
Jejak Langkah
Milestone




     1987                                                              2015
     Pertama kali didirikan oleh William Soeryadjaya dengan            Pendirian PT Putra Mustika Prima.
     nama PT Mitra Pinasthika Mustika.                                 Establishment of PT Putra Mustika Prima.
     First establishment by William Soeryadjaya under the name
     PT Mitra Pinasthika Mustika.

                                                                       2014
     1988                                                              Tahap finalisasi proses penggabungan usaha PT Mitra
                                                                       Pinasthika Mustika Finance dan PT Sasana Artha Finance,
     Pendirian PT Federal Karyatama yang bergerak di bidang
                                                                       menjadi PT JACCS Mitra Pinasthika Mustika Finance
     pabrikasi dan pengemasan minyak pelumas/oli bermerek
                                                                       Indonesia (dahulu PT Mitra Pinasthika Mustika Finance).
     “Federal Oil” untuk sepeda motor dan “Federal Mobil”
     untuk mobil serta membuat campuran dan mengemas                   The finalization stage of business merger process of
     oli bermerek “AHM Oil” yang khusus dipakai sebagai oli            PT Mitra Pinasthika Mustika Finance and PT Sasana Artha
     sepeda motor Original Equipment Manufacturer Honda di             Finance, to become PT JACCS Mitra Pinasthika Mustika
     Indonesia.                                                        Finance Indonesia (formerly PT Mitra Pinasthika Mustika
                                                                       Finance).
     Establishment of PT Federal Karyatama, which is engaged
     in manufacturing and packaging of “Federal Oil” brand,
     lubricating oil for motorcycles, and “Federal Mobil” for cars,
     as well as making mixtures and packaging of “AHM Oil”,
     an oil brand specifically used as an Original Equipment
                                                                       2013
     Manufacturer for Honda motorcycles in Indonesia.                  •   Penawaran umum perdana saham dan mencatatkan
                                                                           saham di Bursa Efek Indonesia dengan kode “MPMX”.
                                                                           Dengan demikian Perseroan resmi menyandang status
     1992                                                              •
                                                                           perusahaan terbuka; serta
                                                                           PT Mitra Pinasthika Mustika Auto yang merupakan
                                                                           Entitas Anak Perseroan resmi ditunjuk sebagai diler
                                                                           nasional kedua oleh PT Nissan Motor Distribusi
                                                                           Indonesia.
                                                                       •   Initial public offering of shares and listing of shares on
                                                                           Indonesia Stock Exchange with the code “MPMX”. And
                                                                           thus, the Company officially holds the status of a public
                                                                           company; and
                                                                       •   PT Mitra Pinasthika Mustika Auto, which is a Subsidiary
                                                                           of the Company, was officially appointed as the second
     Pembukaan gerai ritel MPMMotor pertama                   untuk        national dealer by PT Nissan Motor Distribusi Indonesia.
     melakukan penjualan langsung sepeda motor.
     Opening of the first MPMMotor retail outlet to carry out direct
     sales of motorcycles.
                                                                       2012
                                                                       •   Pengambilalihan PT Mitra Pinasthika Mustika Rent dan
     1994                                                                  PT Mitra Pinasthika Mustika Finance beserta Entitas Anak;
                                                                       •   Pendirian PT Asuransi Mitra Pelindung Mustika; serta
     Pengambilalihan saham PT Sasana Artha Finance.
                                                                       •   JACCS Co Ltd mengambil alih 40,00% saham
     Acquisition of shares of PT Sasana Artha Finance.
                                                                           PT Sasana Artha Finance dengan opsi untuk membeli
                                                                           saham tambahan.

     2010                                                              •   Acquisition of PT Mitra Pinasthika Mustika Rent and
                                                                           PT Mitra Pinasthika Mustika Finance and their Subsidiaries;
     Pendirian PT Mitra Pinasthika Mulia dan mengalihkan               •   Establishment of PT Asuransi Mitra Pelindung Mustika;
     kegiatan distribusi sepeda motor Perseroan yang semula                and
     dijalankan oleh Perseroan kepada PT Mitra Pinasthika Mulia.       •   JACCS Co Ltd took over 40.00% stake in PT Sasana Artha
                                                                           Finance with an option to purchase additional shares.
     Establishment of PT Mitra Pinasthika Mulia and transfer
     of the distribution activities of the Company’s motorcycles
     which were originally run by the Company to PT Mitra
     Pinasthika Mulia.




     PT Mitra Pinasthika Mustika Tbk
42   Laporan Tahunan 2023 Annual Report
Page 45
                                                                                                           Profil Perusahaan
                                                                                                            Company Profile




                                                                    2023
2016
Perseroan termasuk dalam “50 Best Companies” oleh
Majalah Forbes Indonesia.
The Company is included in the “50 Best Companies” by
Forbes Indonesia Magazine.



2017
•   Peluncuran logo, visi, dan misi Grup MPM yang baru
    sebagai wujud transformasi menuju MPM yang baru;
•   Penyelesaian transaksi penjualan 20,00% saham Perseroan
    di JACCS MPMFinance kepada JACCS Co Ltd; serta
•   Perayaan 30 tahun hari jadi Perseroan.
•   Launching of the new MPM Group logo, vision, and mission
    as a form of transformation towards the new MPM;
•   Completion of sale transaction of 20.00% of the Company’s
    shares in JACCS MPMFinance to JACCS Co Ltd; and
•   Celebration of the Company’s 30th anniversary.
                                                                    Perseroan menambah porsi kepemilikan
                                                                    saham di PT Asuransi Mitra Pelindung
2018                                                                Mustika dari 96,00% menjadi 99,50%.
Penyelesaian divestasi strategis untuk 100,00% kepemilikan          The Company increased its shareholding
saham dalam PT Federal Karyatama ke Esso Petroleum Co Ltd
                                                                    in PT Asuransi Mitra Pelindung Mustika
dan ExxonMobil UK Limited.
                                                                    from 96.00% to 99.50%.
Completion of a strategic divestment of 100.00% shareholding
in PT Federal Karyatama to Esso Petroleum Co Ltd and
ExxonMobil UK Limited.




2019                                                            2022
•   Penobatan Perseroan sebagai Living Legend Company           •   Perseroan melepas 49,9997% kepemilikan saham
    oleh majalah Warta Ekonomi;                                     dalam PT Mitra Pinasthika Mustika Rent kepada
•   PT Saratoga Investama Sedaya Tbk menjadi Pemegang               Trusty Cars Pte Ltd (Carro); serta
    Saham Pengendali Perseroan; serta                           •   Perseroan menambah porsi kepemilikan saham atas
•   Peresmian pool lelang pertama milik PT Balai Lelang             PT Asuransi Mitra Pelindung Mustika menjadi 96,00%.
    Asta Nara Jaya, Entitas Anak dari PT Mitra Pinasthika       •   The Company released 49.9997% of its share ownership in
    Mustika Rent.                                                   PT Mitra Pinasthika Mustika Rent to Trusty Cars Pte Ltd
•   The Company’s designation as a Living Legend                    (Carro); and
    Company by Warta Ekonomi magazine;                          •   The Company increased its share ownership in
•   PT Saratoga Investama Sedaya Tbk became the                     PT Asuransi Mitra Pelindung Mustika to 96.00%.
    Controlling Shareholder of the Company; and
•   Inauguration of the first auction pool belonging to
    PT Balai Lelang Asta Nara Jaya, a subsidiary of
    PT Mitra Pinasthika Mustika Rent.
                                                                2021
                                                                Peluncuran platform digital penjualan mobil bekas untuk
                                                                mempercepat transformasi digital.

2020                                                            Launch of a used car sales digital platform to accelerate
                                                                digital transformation.
Perseroan menambah porsi kepemilikan saham atas
PT Asuransi Mitra Pelindung Mustika menjadi 88,00%.
The Company increased its shareholding in PT Asuransi
Mitra Pelindung Mustika to 88.00%.




                                                                                     PT Mitra Pinasthika Mustika Tbk
                                                                                 Laporan Tahunan 2023 Annual Report      43
Page 46
Visi dan Misi
Vision and Mission




      VISI VISION
      “Memberikan dampak positif pada
      kehidupan melalui mobilitas yang
      cerdas dan integrasi sosial.”
      “To positively impact lives through
      smart mobility and social integration.”
                                                                       BUY




                                                          MISI MISSION
                                                          Menciptakan ekosistem untuk ide-ide terbaik (inovasi yang
                                                          membawa perubahan besar) yang dihadirkan melalui produk
                                                          dan layanan yang paling relevan (memahami orang dengan
                                                          lebih baik) dengan cara yang paling efektif (model bisnis yang
                                                          dioptimalkan dan cross selling) oleh orang-orang yang paling
                                                          berbakat (dengan kultur untuk menampilkan kinerja terbaik)
                                                          di industri kita.
                                                          To create ecosystems of the best ideas (game-changing
                                                          innovation) delivered through the most relevant products and
                                                          services (understanding people better) in the most effective
                                                          ways (optimized business model and cross-selling), by the
                                                          most talented people (high-performance culture) in our
                                                          industry.



     TINJAUAN TERHADAP VISI, MISI OLEH DEWAN KOMISARIS DAN DIREKSI
     Review of Vision, Mission by the Board of Commissioners and Board of Directors

     Dewan Komisaris dan Direksi telah meninjau visi dan       The Board of Commissioners and Board of Directors
     misi perusahaan bersamaan dengan evaluasi rencana         already reviewed the company’s vision and mission and
     kerja Perseroan untuk tahun 2023. Dewan Komisaris dan     simultaneously evaluated the Company’s work plan for
     Direksi menilai visi dan misi perusahaan masih relevan    2023. The Board of Commissioners and Board of Directors
     dengan kondisi saat ini.                                  consider that the Company’s vision and mission are still
                                                               relevant to the current condition.




       PT Mitra Pinasthika Mustika Tbk
44     Laporan Tahunan 2023 Annual Report
Page 47
                                                                                                                        Profil Perusahaan
                                                                                                                         Company Profile




Nilai-Nilai Perusahaan
Company Values


Dalam menjalankan peranan, tugas, dan tanggung jawabnya,               In performing its roles, duties, and responsibilities, the Company
Perseroan menerapkan nilai-nilai serta budaya kerja yang               applies values and work culture contained in the 3 elements of
tertuang dalam 3 elemen CREDO, yaitu:                                  CREDO, which are:




           PROGRESSIVE
                                                     ACTIVE OWNERSHIP                                 COLLABORATION
             THINKING
    Kami percaya pada kekuatan ide.                  Kami percaya tindakan kami                     Kami percaya bahwa realisasi
      Tidak peduli dari mana pun ide                 akan berpengaruh bagi orang                   impian yang paling berpengaruh
    tersebut berasal. Kami merangkul                 lain. Penuh semangat dalam                   terjadi saat kita bekerja bersama-
      ide-ide dan pengetahuan baru                  mengendalikan diri atas tindakan              sama dan menghilangkan kendala
    yang membantu kami untuk maju.                  kami dan menjadi proaktif akan                   untuk memberikan kekuatan
     We believe in the power of ideas.               menuntun pada kesuksesan                          kolektif masyarakat kita.
     No matter where they come from,                        ekosistem kita.                       We believe that the most impactful
     we embrace new ideas and new                  We believe our actions will impact             realization of our dreams happens
      knowledge to help us progress.                  others. Being excited to take               when we work jointly together and
                                                   personal ownership of our actions               remove our constraints to deliver
                                                   and being proactive will lead to the           the collective power of our people.
                                                       success of our ecosystem.




Ketiga elemen CREDO tersebut ditopang oleh 10 beliefs yang             The three CREDO elements are supported by the following 10
berfungsi sebagai fondasi dalam realisasinya sebagai berikut:          beliefs that functions as a foundation in its realization:
1. Kita senantiasa bersyukur atas apa yang kita miliki;                1. We should be grateful for what we have;
2. Para pemimpin kita harus berwibawa dan bersahaja;                   2. Our leaders should be respectable and humble;
3. Kesuksesan dan keunggulan kita berasal dari kecerdikan, kerja       3. Our success and strengths come from our resourcefulness,
    sama dan semangat untuk berprestasi tinggi;                             collaboration and passion for excellence;
4. Keunggulan daya saing kita didorong oleh kepemilikan yang           4. Our competitiveness is driven by our active ownership and
    aktif dan kemampuan untuk berpikir secara progresif;                    ability to think progressively;
5. Kami bertanggung jawab untuk membuat pelanggan senang               5. We are responsible to keep our customer happy by exceeding
    dengan cara melampaui harapan mereka;                                   their expectations;
6. Para Pemegang Saham berhak mendapatkan keuntungan                   6. Our Shareholders deserve a fair return for their investments;
    yang layak atas investasi mereka;
7. Kepercayaan dari pemangku kepentingan hanya dapat diraih            7. Trust from our stakeholders can only come through the highest
    melalui integritas tanpa kompromi;                                    level of integrity;
8. Kita menghargai, peduli, dan berlaku adil terhadap mitra usaha      8. Our partners and suppliers deserve respect, care, and fairness;
    dan pemasok;
9. Prestasi kerja individu maupun kelompok harus diakui dan            9. Both individual and group achievements should be recognized
    dihargai; serta                                                        and rewarded; and
10. Keberadaan kita hendaknya memberi dampak positif bagi              10. Our existence should help our community.
    lingkungan.




                                                                                                  PT Mitra Pinasthika Mustika Tbk
                                                                                              Laporan Tahunan 2023 Annual Report        45
Page 48
Filosofi Logo Perusahaan
Philosophy of Company Logo




     1. Jenis Logo / Logo’s Type                                     2. Simbol Logo / Logo’s Symbol
        Jenis huruf yang digunakan dalam logo dibuat                    Huruf “P” pada bendera melambangkan titik temu kami.
        sederhana untuk menarik perhatian ke titik temu.                The letter “P” on the flag represents our meeting point.
        The type of fonts used in the logo is kept simple to
        draw attention to the point of contact.




      Brand Signature kami merupakan arah baru kami yang           Brand Signature is our new direction, which is a strong
      merupakan representasi yang kuat dari nilai-nilai merek      representation of our brand values to consumers. The type of
      kami kepada konsumen. Jenis logo dibuat sederhana,           logo is kept simple, using the letter “P” or a flag symbolizing
      menggunakan huruf “P” atau bendera melambangkan titik        our meeting point, which is the union of people and ideas
      temu kami, yaitu penyatuan orang dan ide gagasan untuk       to signal a new future for MPM. This is where “Collective
      memberi sinyal masa depan yang baru untuk MPM. Disinilah     Power” is represented in the logo about motivating, driving
      “Collective Power” direpresentasikan ke dalam logo tentang   momentum, and connecting in the future.
      memotivasi, mendorong momentum, serta koneksi ke
      depannya.




         PT Mitra Pinasthika Mustika Tbk
46       Laporan Tahunan 2023 Annual Report
Page 49
                                                                                                                                 Profil Perusahaan
                                                                                                                                  Company Profile




Kegiatan Usaha
Business Activities


Sesuai dengan Anggaran Dasar terakhir Perseroan yang                          In accordance with the latest Articles of Association of the
tertuang dalam Akta No. 45 tanggal 18 Mei 2020, maksud                        Company as stated in Deed No. 45 dated May 18, 2020, the
dan tujuan Perseroan adalah menjalankan usaha-usaha di                        purposes and objectives of the Company are to run businesses
bidang perdagangan, jasa, industri dan pengangkutan darat.                    in the trade, service, industry, and land transportation sectors. In
Guna mencapai maksud dan tujuan tersebut, Perseroan dapat                     order to achieve these purposes and objectives, the Company
melaksanakan kegiatan usaha sebagai berikut:                                  may carry out the following business activities:


                                                                                                          Kegiatan Usaha yang Dijalankan
                                                                                                                 pada Tahun 2023
                  Kegiatan Usaha berdasarkan Anggaran Dasar Terakhir                                        Business Activities in 2023
              Business Activities based on the Latest Articles of Association
                                                                                                            Sudah                 Belum
                                                                                                            Done                 Not Done

 Kegiatan Usaha Utama
 Main Business Activities
 Penjualan dan perdagangan besar sepeda motor baru.
 Sale and wholesale of new motorcycles.
 Penjualan dan perdagangan eceran sepeda motor baru, termasuk motor sepeda atau moped.
 Sales and retail trade of new motorcycles, including bicycles or mopeds.
 Perdagangan besar dan perdagangan eceran suku cadang sepeda motor dan aksesorinya.
 Wholesale and retail trade of motorcycle parts and accessories.
 Perdagangan mobil baru dan mobil bekas.
 New and used car trade.
 Perdagangan suku cadang dan aksesori mobil.
 Car parts and accessories trade.
 Industri sparepart kendaraan bermotor.
 Motor vehicle spare parts industry.
 Industri aksesori kendaraan bermotor.
 Motor vehicle accessory industry.
 Jasa konsultasi manajemen lainnya, yang mencakup konsultasi, bisnis, manajemen dan
 administrasi dan melakukan investasi dengan cara melakukan penyertaan pada perusahaan lain
 secara langsung maupun tidak langsung.
 Other management consulting services, which include consulting, business, management, and
 administration, and investing in other companies directly or indirectly.
 Jasa konsultasi keamanan informasi.
 Information security consulting services.
 Jasa transportasi pengangkutan.
 Freight transportation services.

 Kegiatan Usaha Penunjang
 Supporting Business Activities
 Jasa reparasi dan perawatan sepeda motor, termasuk pencucian sepeda motor, serta pemeliharaan,
 perawatan dan perbaikan peralatan sepeda motor.
 Motorcycle repair and maintenance services, including motorcycle washing, maintenance,
 treatment, and repair of motorcycle equipment.
 Jasa pemeliharaan, perawatan, dan reparasi peralatan mobil.
 Maintenance, care, and repair of car equipment.
 Jasa persewaan dan sewa beli kendaraan bermotor, termasuk tetapi tidak terbatas:
 • Aktivitas penyewaan dan sewa guna usaha tanpa hak opsi alat transportasi darat bukan
   kendaraan bermotor roda empat atau lebih dan mobil, bus, truk, dan sejenisnya; serta
 • Jasa sewa guna usaha dengan hak opsi.
 Motor vehicle rental and leasing services, including but not limited to:
 • Leasing and rental activities without option right for non-motorized land transportation vehicles
   with four or more wheels and cars, buses, trucks, and the like; and
 • Leasing services with option rights.
 Jasa penjualan bahan bakar mobil dan motor.
 Sales of fuel for cars and motorcycles.




                                                                                                           PT Mitra Pinasthika Mustika Tbk
                                                                                                       Laporan Tahunan 2023 Annual Report      47
Page 50
Produk dan Jasa
Products and Services


Perseroan menawarkan produk dan jasa yang dijalankan            The Company offers products and services through the
melalui Entitas Anak dan Entitas Asosiasi, dengan penjelasan    Subsidiaries and Associates Companies, with the following
sebagai berikut:                                                explanation:



Entitas Anak                                                    Subsidiaries

1. Distribusi, Ritel dan Aftermarket                            1. Distribution, Retail and Aftermarket
   Distributor tunggal dan terpercaya, serta berperan sebagai      The sole and trusted distributor, as well as acting as a
   penyedia layanan purna jual dan suku cadang sepeda              provider of after-sales service and spare parts for Honda
   motor merek Honda khusus untuk wilayah Jawa Timur dan           brand motorcycles, specifically for East Java and East Nusa
   Nusa Tenggara Timur, serta didukung dengan distribusi           Tenggara regions, and supported by retail distribution by
   ritel oleh MPMMotor.                                            MPMMotor.


 2. Asuransi                                                    2. Insurance
    Penyedia produk asuransi kerugian (non-jiwa) dan               Provider of general insurance (non-life) products and
    menyediakan beberapa fasilitas asuransi, seperti asuransi      several insurance facilities, such as motor vehicle insurance,
    kendaraan bermotor, asuransi harta benda, asuransi             property insurance, construction insurance, money
    konstruksi, asuransi uang, asuransi pengangkutan, dan          insurance, freight insurance, and marine hull insurance.
    asuransi rangka kapal.



Entitas Asosiasi                                                Associates Companies

 1. Transportasi                                                1. Transportation
    Penyedia jasa layanan pengemudi yang profesional dan           Provider of professional and well-trained driver service.
    telah terlatih dengan baik. Jasa pengelolaan manajemen         Transportation management services consisting of vehicle
    transportasi yang terdiri dari penyewaan kendaraan dan         and driver rental, vehicle usage management, for short-
    pengemudi, manajemen pemakaian kendaraan, baik                 term and long-term, especially for corporate customers and
    jangka pendek maupun jangka panjang, khususnya untuk           conducting other related business activities.
    pelanggan korporat dan melakukan kegiatan usaha yang
    terkait lainnya.


 2. Pembiayaan                                                  2. Financing
    Pembiayaan untuk kepemilikan kendaraan roda empat dan          Financing for new and used four wheel and two wheel
    roda dua, baik bekas maupun baru, pembiayaan korporasi,        vehicles, corporate financing, electronic goods financing,
    pembiayaan barang elektronik, dan multiproduk baru.            and new multi-products.




        PT Mitra Pinasthika Mustika Tbk
48      Laporan Tahunan 2023 Annual Report
Page 51
                          Profil Perusahaan
                           Company Profile




    PT Mitra Pinasthika Mustika Tbk
Laporan Tahunan 2023 Annual Report      49
Page 52
Wilayah Operasional
Operational Areas




                                   90                    5

                                Kantor Cabang    Kantor Pemasaran
 JACCS MPMFinance               Branch Offices   Marketing Offices




                                   8                   24

     MPMRent                  Kantor Cabang       Representative Office
                              Branch Offices       serta Service Point
                                                 Representative Offices
                                                   and Service Points




                                   1                     2                       13

MPMInsurance                   Kantor Pusat        Kantor Cabang            Kantor Perwakilan
                               Head Office         Branch Offices         Representative Offices



       PT Mitra Pinasthika Mustika Tbk
50     Laporan Tahunan 2023 Annual Report
Page 53
                                                      Profil Perusahaan
                                                       Company Profile




              40                            Keterangan / Notes:

                                     JACCS MPMFinance

MPMMotor    Gerai Ritel
           Retail Outlets                         MPMRent

                                            MPMInsurance

            271                                 MPMMotor

                                                   MPMulia

MPMulia         Diler
               Dealer




                                PT Mitra Pinasthika Mustika Tbk
                            Laporan Tahunan 2023 Annual Report       51
Page 54
Struktur Organisasi
Organizational Structure


                                                                                                                         Suwito Mawarwati
                                                                                                                           Direktur Utama
                                                                                                                          President Director




     Dewantoro Adhy Putranto**
        Strategic Initiatives
        Management Office




                                    Beatrice Kartika                                 Kemal Mawira
                                                                                                                           Budiman Wikarsa
                                        Direktur                                        Direktur
                                                                                                                        Chief of Digital Initiatives
                                        Director                                        Director




                                                                                        Darma Putera                            Denny Permana
                                         Darma Putera
                                                                                    Business Development                   Information & Technology
                                Investor Ralation Vice President
                                                                                        Vice President                         General Manager




                                     Arvin Nathanael Tju                                                                           Nurfadilah
                                   Accounting, Budgeting &                                                                     Marketing Strategy
                                  Reporting General Manager                                                                    General Manager



                                                                                                                                Jimmy Susanto
                                          Neldy Fajar                                                                          Strategic Initiatives
                                     Tax General Manager                                                                       Management Office
                                                                                                                          Digitalization Senior Manager



                                          Amelia Ang
                                 Finance & Risk Management
                                      General Manager




                                        Natalia Lusnita
                                  Corporate Communication &
                                 Sustainability General Manager




Hubungan hierarkis
Hierarchical relationship
Hubunan pengawasan
Supervision relationship


 * Per tanggal 1 Januari 2024, Human Resource Business Partner General Manager digantikan oleh TB Royyansyah Sastika.
   As of January 1, 2024, Human Resource Business Partner General Manager was replaced by TB Royyansyah Sastika.
 ** Per tanggal 1 Januari 2024, Strategic Initiatives Management Office digantikan oleh Donny Andriansyah.
    As of January 1, 2024, the Strategic Initiatives Management Office was replaced by Donny Andriansyah.




         PT Mitra Pinasthika Mustika Tbk
52       Laporan Tahunan 2023 Annual Report
Page 55
                                                                                                                          Profil Perusahaan
                                                                                                                           Company Profile




                                                                                                                 Komite Audit
                                                                                                                Audit Committee
                                                          Dewan Komisaris
                                                                                                              Benny Redjo Setyono
                                                       Board of Commissioners
                                                                                                               Ketua / Chairman
                                                          Edwin Soeryadjaya
                                                          Komisaris Utama /                                      Aria Kanaka
                                                       President Commissioner                               Yosaphat Budisatyawira
                                                                                                              Anggota / Member
                                                          Tossin Himawan
                                                            Danny Walla
                                                      Komisaris / Commissioners
                                                                                                        Komite Nominasi dan Remunerasi
                                                     Istama Tatang Siddharta                                    Nomination and
                                                       Benny Redjo Setyono                                 Remuneration Committee
                                        Komisaris Independen / Independent Commissioner
                                                                                                            Istama Tatang Siddharta
                                                                                                                Ketua / Chairman

                                                                                                               Edwin Soeryadjaya
                                                                       Ivan Santoso
                                                                                                                Tossin Himawan
                                                               Internal Audit General Manager                  Anggota / Member




                                                                                                                 Komite GCG
                                                                Timothy Immanuel Hutapea                        GCG Committee
                                                                Legal & Corporate Secretary
          Arifan Rachman
                                                                     General Manager                           Tossin Himawan
 Chief of Human Resources Officer                                                                              Ketua / Chairman

                                                                                                                 Danny Walla
                                                                                                              Benny Redjo Setyono
                                                                                                               Anggota / Member


        Stevanus Tata Holo Koten*
        Human Resource Business
         Partner General Manager



               Herry Winoto
          Reward & Performance
              Vice President
          (seconded to Merdeka)




Daftar Keanggotaan Asosiasi
List of Association Membership


                   Nama Asosiasi                                          Posisi                         Skala Asosiasi
                  Association Name                                       Position                       Association Scale

Asosiasi Emiten Indonesia                                                 Anggota                             Nasional
Indonesian Public Listed Companies Association                            Member                              National
                                                                          Anggota                             Nasional
Indonesia Corporate Secretary Association
                                                                          Member                              National
                                                                          Anggota                             Nasional
Institute of Certified Sustainability Practitioners
                                                                          Member                              National




                                                                                                    PT Mitra Pinasthika Mustika Tbk
                                                                                                Laporan Tahunan 2023 Annual Report       53
Page 56
 Profil Dewan Komisaris
 Board of Commissioners’ Profile


                                           Dasar Hukum Pengangkatan
                                           Legal Basis of Appointment
                                           • Periode pertama ditunjuk sebagai Komisaris Utama berdasarkan Keputusan Rapat
                                             Pemegang Saham tanggal 22 Desember 2010 (2010-2013);
                                           • Periode kedua ditunjuk sebagai Komisaris Utama berdasarkan Keputusan Rapat
                                             Pemegang Saham tanggal 13 Februari 2013 (2013-2018);
                                           • Periode ketiga ditunjuk sebagai Komisaris Utama berdasarkan Keputusan RUPS
                                             Tahunan tanggal 8 Mei 2018 (2018-2023); serta
                                           • Periode keempat ditunjuk sebagai Komisaris Utama berdasarkan Keputusan RUPS
                                             Tahunan tanggal 24 Mei 2023 (2023-2028).
                                           • First appointment as President Commissioner was based on the Shareholders’ Meeting
                                             Resolutions dated December 22, 2010 (2010-2013);
                                           • Second appointment as President Commissioner was based on the Shareholders’
                                             Meeting Resolutions dated February 13, 2013 (2013-2018);
                                           • Third appointmentas President Commissioner was based on the Annual GMS
                                             Resolutions dated May 8, 2018 (2018-2023); and
                                           • Fourth appointment as President Commissioner was based on the Annual GMS
                                             Resolutions dated May 24, 2023 (2023-2028).
     EDWIN SOERYADJAYA
     Komisaris Utama                       Riwayat Pendidikan dan/atau Sertifikasi
     President Commissioner                Educational Background and/or Certification
                                           Bachelor of Business Administration dari University of Southern California (1974).
                                           Bachelor of Business Administration from University of Southern California (1974).
     Kewarganegaraan
     Nationality
                                           Riwayat Jabatan
     Indonesia                             History of Position
     Indonesian
                                           • Wakil Direktur Utama PT Astra International Tbk (1978-1992);
     Usia                                  • Pendiri PT Saratoga Investama Sedaya Tbk (1992); serta
     Age                                   • Pendiri Yayasan William dan Lily (2009).
                                           • Deputy President Director of PT Astra International Tbk (1978-1992);
     74 tahun
                                           • Founder of PT Saratoga Investama Sedaya Tbk (1992); and
     74 years old
                                           • Founder of William and Lily Foundation (2009).

     Domisili
     Domicile                              Rangkap Jabatan
                                           Concurrent Positions
     Jakarta
                                           •   Presiden Komisaris PT Saratoga Investama Sedaya Tbk;
                                           •   Presiden Komisaris PT Adaro Energy Indonesia Tbk;
                                           •   Anggota Komite Nominasi dan Remunerasi Perseroan;
                                           •   Anggota Komite Nominasi dan Remunerasi PT Saratoga Investama Tbk;
                                           •   Pengawas Komite Investasi PT Saratoga Investama Tbk;
                                           •   Anggota Komite Nominasi dan Remunerasi PT Merdeka Copper Gold Tbk;
                                           •   Presiden Komisaris PT Tower Bersama Infrastructure Tbk; serta
                                           •   Presiden Komisaris PT Merdeka Copper Gold Tbk.
                                           •   President Commissioner of PT Saratoga Investama Sedaya Tbk;
                                           •   President Commissioner of PT Adaro Energy Indonesia Tbk;
                                           •   Member of the Company’s Nomination and Remuneration Committee;
                                           •   Member of Nomination and Remuneration Committee of PT Saratoga Investama Tbk;
                                           •   Supervisor of Investment Committee of PT Saratoga Investama Tbk;
                                           •   Member of Nomination and Remuneration Committee of PT Merdeka Copper Gold Tbk;
                                           •   President Commissioner of PT Tower Bersama Infrastructure Tbk; and
                                           •   President Commissioner of PT Merdeka Copper Gold Tbk.


                                           Hubungan Afiliasi
                                           Affiliate Relations
                                           Memiliki hubungan afiliasi dengan Pemegang Saham Utama dan Pemegang Saham
                                           Pengendali, yaitu PT Saratoga Investama Sedaya Tbk. Namun, tidak memiliki hubungan
                                           afiliasi dengan anggota Dewan Komisaris lainnya, maupun dengan anggota Direksi.
                                           Has an affiliation relationship with Main and Controlling Shareholder,
                                           PT Saratoga Investama Sedaya Tbk. However, has no affiliation with other members of
                                           Board of Commissioners, nor with members of Board of Directors.



      PT Mitra Pinasthika Mustika Tbk
54    Laporan Tahunan 2023 Annual Report
Page 57
                                                                                         Profil Perusahaan
                                                                                          Company Profile




                  Dasar Hukum Pengangkatan
                  Legal Basis of Appointment
                  • Periode pertama ditunjuk sebagai Komisaris berdasarkan Keputusan RUPS Luar Biasa
                    tanggal 20 September 2013 (2013-2018);
                  • Periode kedua ditunjuk sebagai Komisaris berdasarkan Keputusan RUPS Tahunan
                    tanggal 8 Mei 2018 (2018-2023); serta
                  • Periode ketiga ditunjuk sebagai Komisaris berdasarkan Keputusan RUPS Tahunan
                    tanggal 24 Mei 2023 (2023-2028).
                  • First appointment as Commissioner was based on Extraordinary GMS Resolutions
                    dated September 20, 2013 (2013-2018);
                  • Second appointment as Commissioner was based on the Annual GMS Resolutions
                    dated May 8, 2018 (2018-2023); and
                  • Third appointment as Commissioner was based on the Annual GMS Resolutions dated
                    May 24, 2023 (2023-2028).

                  Riwayat Pendidikan dan/atau Sertifikasi
                  Educational Background and/or Certification
                  Doctor in Status Nascendi di bidang Manajemen Perusahaan dari Universitas Parahyangan
TOSSIN HIMAWAN    (1973).
                  Doctor in Status Nascendi in Corporate Management from Universitas Parahyangan (1973).
Komisaris
Commissioner      Riwayat Jabatan
                  History of Position
                  •   Berbagai posisi strategis di Astra Group (1972-2009);
Kewarganegaraan   •   Anggota Direksi dan Dewan Komisaris di Lingkungan Astra Group (1987–2007);
Nationality       •   Direktur Otomotif I PT Astra International Tbk (2005-2008);
                  •   Presiden Komisaris PT Astra Otoparts Tbk (2005-2008);
Indonesia         •   Komisaris PT Astra Graphia Tbk (2005-2008);
Indonesian        •   Direktur Utama Bersama dan Presiden Komisaris PT Astra Honda Motor
                      (dahulu PT Federal Motor) (2007-2008);
Usia              •   Komisaris PT Astra Otoparts Tbk (2008-2009);
Age               •   Direktur Utama Perseroan (2010-2013);
76 tahun          •   Komisaris PT Federal International Finance; serta
                  •   Komisaris PT Astra Credit Company.
76 years old
                  • Various strategic positions at Astra Group (1972-2009);
                  • Member of Board of Directors and Board of Commissioners within Astra Group
Domisili
                    (1987–2007);
Domicile          • Automotive Director I of PT Astra International Tbk (2005-2008);
Jakarta           • President Commissioner of PT Astra Otoparts Tbk (2005-2008);
                  • Commissioner of PT Astra Graphia Tbk (2005-2008);
                  • Join President Director and President Commissioner of PT Astra Honda Motor
                    (formerly PT Federal Motor) (2007-2008);
                  • Commissioner of PT Astra Otoparts Tbk (2008-2009);
                  • President Director of the Company (2010-2013);
                  • Commissioner of PT Federal International Finance; and
                  • Commissioner of PT Astra Credit Company.

                  Rangkap Jabatan
                  Concurrent Positions
                  •   Presiden Komisaris PT Mitra Pinasthika Mulia;
                  •   Komisaris PT Grahamitra Lestarijaya;
                  •   Anggota Komite Nominasi dan Remunerasi Perseroan; serta
                  •   Ketua Komite GCG Perseroan.
                  •   President Commissioner of PT Mitra Pinasthika Mulia;
                  •   Commissioner of PT Grahamitra Lestarijaya;
                  •   Member of the Company’s Nomination and Remuneration Committee; and
                  •   Chairman of the Company’s GCG Committee.

                  Hubungan Afiliasi
                  Affiliate Relations
                  Tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris lainnya, anggota
                  Direksi, atau dengan Pemegang Saham Utama dan Pemegang Saham Pengendali, baik
                  langsung maupun tidak langsung sampai kepada pemilik individu.
                  Has no affiliation with other members of Board of Commissioners, members of Board
                  of Directors, or with Major and Controlling Shareholders, either directly or indirectly to
                  individual owners.



                                                               PT Mitra Pinasthika Mustika Tbk
                                                           Laporan Tahunan 2023 Annual Report            55
Page 58
                                           Dasar Hukum Pengangkatan
                                           Legal Basis of Appointment
                                           • Periode pertama ditunjuk sebagai Komisaris berdasarkan Keputusan Pemegang
                                             Saham tanggal 22 Desember 2010 (2010-2013);
                                           • Periode kedua ditunjuk sebagai Komisaris berdasarkan Keputusan Pemegang
                                             Saham tanggal 13 Februari 2013 (2013-2018);
                                           • Periode ketiga ditunjuk sebagai Komisaris berdasarkan Keputusan RUPS
                                             Tahunan tanggal 8 Mei 2018 (2018-2023); serta
                                           • Periode keempat ditunjuk sebagai Komisaris berdasarkan Keputusan RUPS
                                             Tahunan tanggal 24 Mei 2023 (2023-2028).
                                           • First appointment as Commissioner was based on Shareholders Resolutions
                                             dated December 22, 2010 (2010-2013);
                                           • Second appointment as Commissioner was based on Shareholders Resolutions
                                             dated February 13, 2013 (2013-2018);
                                           • Third appointment as Commissioner was based on the Annual GMS Resolutions
                                             dated May 8, 2018 (2018-2023); and
                                           • Fourth appointment as Commissioner was based on the Annual GMS Resolutions
     DANNY WALLA                             dated May 24, 2023 (2023-2028).
     Komisaris
     Commissioner                          Riwayat Pendidikan dan/atau Sertifikasi
                                           Educational Background and/or Certification
                                           Sarjana Teknik Mesin dari Institut Teknologi Bandung (1971).
     Kewarganegaraan                       Bachelor of Mechanical Engineering from Institut Teknologi Bandung (1971).
     Nationality
     Indonesia                             Riwayat Jabatan
     Indonesian                            History of Position
     Usia                                  • Berpengalaman selama kurang lebih 34 tahun di Grup Astra dengan berbagai
     Age                                     posisi;
                                           • Salah satu pendiri PT Astra Honda Motor (dahulu PT Federal Motor); serta
     78 tahun
                                           • Presiden Direktur di beberapa Entitas Anak Grup Astra.
     78 years old
                                           • Having experience for approximately 34 years in Astra Group in various
     Domisili                                positions;
                                           • One of the founders of PT Astra Honda Motor (formerly PT Federal Motor);
     Domicile
                                             and
     Jakarta                               • President Director in several Astra Group’s Subsidiaries.


                                           Rangkap Jabatan
                                           Concurrent Positions
                                           •   Penasihat Direksi PT Toyota Tsusho Indonesia;
                                           •   Komisaris PT Oerlikon Balzer Artoda Indonesia;
                                           •   Anggota Komite GCG Perseroan; serta
                                           •   Komisaris Independen PT Dharma Satya Nusantara Tbk.
                                           •   Advisor to the Board of Directors of PT Toyota Tsusho Indonesia;
                                           •   Commissioner of PT Oerlikon Balzer Artoda Indonesia;
                                           •   Member of the Company’s GCG Committee; and
                                           •   Independent Commissioner of PT Dharma Satya Nusantara Tbk.


                                           Hubungan Afiliasi
                                           Affiliate Relations

                                           Tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris lainnya, anggota
                                           Direksi, atau dengan Pemegang Saham Utama dan Pemegang Saham Pengendali,
                                           baik langsung maupun tidak langsung sampai kepada pemilik individu.
                                           Has no affiliation with other members of Board of Commissioners, members of
                                           Board of Directors, or with Major and Controlling Shareholders, either directly or
                                           indirectly to individual owners.




      PT Mitra Pinasthika Mustika Tbk
56    Laporan Tahunan 2023 Annual Report
Page 59
                                                                                            Profil Perusahaan
                                                                                             Company Profile



                           Dasar Hukum Pengangkatan
                           Legal Basis of Appointment
                           • Periode pertama ditunjuk sebagai Komisaris Independen berdasarkan
                             Keputusan Pemegang Saham tanggal 13 Februari 2013 (2013-2018);
                           • Periode kedua ditunjuk sebagai Komisaris Independen berdasarkan
                             Keputusan RUPS Tahunan tanggal 8 Mei 2018 (2018-2023); serta
                           • Periode ketiga ditunjuk sebagai Komisaris Independen berdasarkan
                             Keputusan RUPS Tahunan tanggal 24 Mei 2023 (2023-2028).
                           • First appointment as Independent Commissioner was based on Shareholders
                             Resolutions dated February 13, 2013 (2013-2018);
                           • Second appointment as Independent Commissioner was based on the Annual
                             GMS Resolutions dated May 8, 2018 (2018-2023); and
                           • Third appointment as Independent Commissioner was based on the Annual GMS
                             Resolutions dated May 24, 2023 (2023-2028).


                           Riwayat Pendidikan dan/atau Sertifikasi
                           Educational Background and/or Certification
ISTAMA TATANG SIDDHARTA
                           Doktorandus Akuntansi dari Universitas Indonesia (1980).
Komisaris Independen
                           Bachelor of Accounting from Universitas Indonesia (1980).
Independent Commissioner

                           Riwayat Jabatan
                           History of Position
Kewarganegaraan
Nationality                • Kepala Kantor Akuntan Publik Siddharta Widjaja & Rekan (anggota dari KPMG
                             International) (1991-2004); serta
Indonesia
                           • Ketua Komite Audit Perseroan (2013-2023).
Indonesian
                           • Head of Public Accounting Firm Siddharta Widjaja & Partners (a member of
Usia                         KPMG International) (1991-2004); and
Age                        • Chairman of the Company’s Audit Committee (2013-2023).
64 tahun
64 years old               Rangkap Jabatan
                           Concurrent Positions
Domisili
                           •   Presiden Direktur PT Amalgamated Consulting Indonesia;
Domicile
                           •   Ketua Komite Nominasi dan Remunerasi Perseroan; serta
Jakarta                    •   Anggota Komite Audit PT Diamond Foods Indonesia Tbk.
                           •   President Director of PT Amalgamated Consulting Indonesia;
                           •   Chairman of the Company’s Nomination and Remuneration Committee; and
                           •   Member of Audit Committee of PT Diamond Foods Indonesia Tbk.


                           Hubungan Afiliasi
                           Affiliate Relations

                           Tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris lainnya, anggota
                           Direksi, atau dengan Pemegang Saham Utama dan Pemegang Saham Pengendali,
                           baik langsung maupun tidak langsung sampai kepada pemilik individu.
                           Has no affiliation with other members of Board of Commissioners, members of
                           Board of Directors, or with Major and Controlling Shareholders, either directly or
                           indirectly to individual owners.


                           Pernyataan Independensi
                           Statement of Independence
                           Sebagai Komisaris Independen, beliau telah menyatakan independensinya
                           sesuai dengan ketentuan yang berlaku.
                           As an Independent Commissioner, he has declared his independence in
                           accordance with regulation.




                                                                    PT Mitra Pinasthika Mustika Tbk
                                                                Laporan Tahunan 2023 Annual Report        57
Page 60
                                           Dasar Hukum Pengangkatan
                                           Legal Basis of Appointment
                                           • Periode pertama ditunjuk sebagai Komisaris Independen berdasarkan
                                             Keputusan RUPS Tahunan tanggal 27 Mei 2019 (2019-2023); serta
                                           • Periode kedua ditunjuk sebagai Komisaris Independen berdasarkan
                                             Keputusan RUPS Tahunan tanggal 24 Mei 2023 (2023-2028).
                                           • First appointment as Independent Commissioner was based on the Annual GMS
                                             Resolutions dated May 27, 2019 (2019-2023); and
                                           • Second appointment as Independent Commissioner was based on the Annual
                                             GMS Resolutions dated May 24, 2023 (2023-2028).


                                           Riwayat Pendidikan dan/atau Sertifikasi
                                           Educational Background and/or Certification
                                           •   Sarjana Ekonomi dan Akuntansi dari Universitas Indonesia (1985);
                                           •   Master of Business Administration dari University of Southern California (1990);
                                           •   Master of Accounting dari University of Southern California (1992); serta
     BENNY REDJO SETYONO                   •   Certificate of Risk Management Level 4 dari Indonesia Life Insurance
                                               Association (2017).
     Komisaris Independen
     Independent Commissioner              •   Bachelor of Economics and Accounting from Universitas Indonesia (1985);
                                           •   Master of Business Administration from the University of Southern California (1990);
                                           •   Master of Accounting from the University of Southern California (1992); and
                                           •   Certificate of Risk Management Level 4 from Indonesia Life Insurance Association
     Kewarganegaraan                           (2017).

     Nationality
     Indonesia                             Riwayat Jabatan
     Indonesian                            History of Position

     Usia                                  • Direktur PT Astra Otoparts Tbk (1998-2000);
                                           • Direktur PT Toyota Motor Manufacturing Indonesia (2000-2003);
     Age
                                           • Anggota Dewan Pengawas Dana Pensiun Toyota Astra (2003-2011);
     63 tahun                              • Direktur PT Toyota-Astra Motor (2003-2011);
     63 years old                          • Anggota Komite Audit PT Unilever Indonesia Tbk (2004-2016);
                                           • Komisaris PT Sara Lee Tbk (2012-2014);
     Domisili                              • Komisaris PT Jakarta Cakratunggal Steel Mills (2012-2014);
     Domicile                              • Presiden Direktur PT Jakarta Cakratunggal Steel Mills (2014-2018);
     Jakarta                               • Wakil Direktur Utama PT Industri dan Perdagangan Bintraco Dharma
                                             (2016-2022);
                                           • Anggota Pengurus Pusat Ikatan Sarjana Ekonomi Indonesia (2016-2018);
                                           • Anggota Dewan Pengawas Asosiasi Perusahaan Jalur Prioritas (2019-2021);
                                             serta
                                           • Anggota Komite Audit Perseroan (2019-2023).
                                           • Director of PT Astra Otoparts Tbk (1998-2000);
                                           • Director of PT Toyota Motor Manufacturing Indonesia (2000-2003);
                                           • Member of Supervisory Board of Toyota Astra Pension Fund (2003-2011);
                                           • Director of PT Toyota-Astra Motor (2003-2011);
                                           • Member of Audit Committee of PT Unilever Indonesia Tbk (2004-2016);
                                           • Commissioner of PT Sara Lee Tbk (2012-2014);
                                           • Commissioner of PT Jakarta Cakratunggal Steel Mills (2012-2014);
                                           • President Director of PT Jakarta Cakratunggal Steel Mills (2014-2018);
                                           • Vice President Director of PT Industri dan Perdagangan Bintraco Dharma
                                             (2016-2022);
                                           • Member of Central Board of Association of Indonesian Economics
                                             (2016-2018);
                                           • Member of Supervisory Board of Priority Line Companies Association
                                             (2019-2021); and
                                           • Member of the Company’s Audit Committee (2019-2023).




      PT Mitra Pinasthika Mustika Tbk
58    Laporan Tahunan 2023 Annual Report
Page 61
                                                                                                                               Profil Perusahaan
                                                                                                                                Company Profile




       Rangkap Jabatan
       Concurrent Positions
       • Dosen Fakultas Ekonomi dan Bisnis Program Pascasarjana                • Lecturer at the Faculty of Economics and Business for
         jurusan Magister Akuntansi Universitas Indonesia;                       Postgraduate Program, Master of Accounting, at Universitas
                                                                                 Indonesia;
       • Pendiri dan Anggota Dewan Pembina Yayasan Dharma Bhakti               • Founder and Member of Board of Trustees of Dharma Bhakti
         Ikatan Alumni Fakultas Ekonomi Universitas Indonesia;                   Foundation, Alumni Association of the Faculty of Economics,
                                                                                 Universitas Indonesia;
       •   Komisaris Independen PT Asuransi Jiwa Astra;                        • Independent Commissioner of PT Asuransi Jiwa Astra;
       •   Ketua Komite Audit PT Asuransi Jiwa Astra;                          • Chairman of Audit Committee of PT Asuransi Jiwa Astra;
       •   Anggota Komite Pemantau Risiko PT Asuransi Jiwa Astra;              • Member of Risk Monitoring Committee of PT Asuransi Jiwa Astra;
       •   Anggota Komite Audit PT XL Axiata Tbk;                              • Member of Audit Committee of PT XL Axiata Tbk;
       •   Anggota Komite GCG Perseroan;                                       • Member of the Company’s GCG Committee;
       •   Komisaris PT JACCS Mitra Pinasthika Mustika Finance Indonesia;      • Commissioner of PT JACCS Mitra Pinasthika Mustika Finance
                                                                                 Indonesia;
       • Direktur Utama PT Industri dan Perdagangan Bintraco Dharma Tbk;       • President Director of PT Industri dan Perdagangan Bintraco
         serta                                                                   Dharma Tbk; and
       • Ketua Komite Audit Perseroan.                                         • Chairman of the Company’s Audit Committee.



       Hubungan Afiliasi
       Affiliate Relations
       Tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris         Has no affiliation with other members of Board of Commissioners,
       lainnya, anggota Direksi, atau dengan Pemegang Saham Utama              members of Board of Directors, or with Major and Controlling
       dan Pemegang Saham Pengendali, baik langsung maupun tidak               Shareholders, either directly or indirectly to individual owners.
       langsung sampai kepada pemilik individu.


       Pernyataan Independensi
       Statement of Independence
       Sebagai Komisaris Independen, beliau telah menyatakan                   As an Independent Commissioner, he has declared his
       independensinya sesuai dengan ketentuan yang berlaku.                   independence in accordance with regulation.




Perubahan Komposisi Anggota Dewan Komisaris                                 Changes in Composition of the Board of
dan Alasan Perubahan                                                        Commissioners and the Reasons for Changes
Pada tahun 2023, komposisi anggota Dewan Komisaris                          In 2023, the composition of the Company’s Board of
Perseroan   tidak   mengalami     perubahan.   Komposisi                    Commissioners did not have any changes. The composition
Dewan Komisaris Perseroan telah memenuhi ketentuan dalam                    of the Company’s Board of Commissioners has complied
Peraturan Otoritas Jasa Keuangan No. 33/POJK.04/2014                        with the provisions of Financial Services Authority Regulation
tentang Direksi dan Dewan Komisaris Emiten atau                             No. 33/POJK.04/2014 on Board of Directors and Board of
Perusahaan Publik.                                                          Commissioners of Issuers or Public Companies.




                                                                                                       PT Mitra Pinasthika Mustika Tbk
                                                                                                   Laporan Tahunan 2023 Annual Report        59
Page 62
Profil Direksi
Board of Directors’ Profile


                                           Dasar Hukum Pengangkatan
                                           Legal Basis of Appointment
                                           • Periode pertama ditunjuk sebagai Direktur Utama berdasarkan Keputusan
                                             RUPS Luar Biasa tanggal 27 September 2018 (2018-2023); serta
                                           • Periode kedua ditunjuk sebagai Direktur Utama berdasarkan Keputusan RUPS
                                             Tahunan tanggal 24 Mei 2023 (2023-2028).
                                           • First appointment as President Director was based on the Extraordinary GMS
                                             Resolutions dated September 27, 2018 (2018-2023); and
                                           • Second appointment as President Director was based on the Annual GMS
                                             Resolutions dated May 24, 2023 (2023-2028).


                                           Riwayat Pendidikan dan/atau Sertifikasi
                                           Educational Background and/or Certification
                                           Sarjana Manajemen dari Universitas Tarumanagara (1987).
                                           Bachelor of Management from Universitas Tarumanagara (1987).


     SUWITO MAWARWATI                      Riwayat Jabatan
     Direktur Utama                        History of Position
     President Director
                                           Berbagai posisi di PT Astra International Tbk (1987-1997), seperti:
                                           • Kepala Penjualan PT Astra International Tbk;
                                           • Representative Manager PT Astra International Tbk; serta
     Kewarganegaraan                       • Branch Manager PT Astra International Tbk.
     Nationality                           Various positions at PT Astra International Tbk (1987-1997), such as:
     Indonesia                             • Sales Head of PT Astra International Tbk;
     Indonesian                            • Representative Manager of PT Astra International Tbk; and
                                           • Branch Manager of PT Astra International Tbk.
     Usia
     Age
                                           Rangkap Jabatan
     59 tahun                              Concurrent Positions
     59 years old
                                           •   Presiden Direktur PT Mitra Pinasthika Mulia;
                                           •   Presiden Direktur PT Mitra Pertama Mulia;
     Domisili
                                           •   Komisaris PT Mitra Pinasthika Mustika Auto;
     Domicile
                                           •   Komisaris PT Putra Mustika Prima; serta
     Jakarta                               •   Komisaris PT Armada Maha Karya.
                                           •   President Director of PT Mitra Pinasthika Mulia;
                                           •   President Director of PT Mitra Pertama Mulia;
                                           •   Commissioner of PT Mitra Pinasthika Mustika Auto;
                                           •   Commissioner of PT Putra Mustika Prima; and
                                           •   Commissioner of PT Armada Maha Karya.


                                           Hubungan Afiliasi
                                           Affiliate Relations
                                           Tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris, anggota
                                           Direksi lainnya, atau dengan Pemegang Saham Utama dan Pemegang Saham
                                           Pengendali, baik langsung maupun tidak langsung sampai kepada pemilik individu.
                                           Has no affiliation with members of Board of Commissioners, other members
                                           of Board of Directors, or Major and Controlling Shareholders, either directly or
                                           indirectly to individual owners.




      PT Mitra Pinasthika Mustika Tbk
60    Laporan Tahunan 2023 Annual Report
Page 63
                                                                                     Profil Perusahaan
                                                                                      Company Profile




                      Dasar Hukum Pengangkatan
                      Legal Basis of Appointment
                      • Periode pertama ditunjuk sebagai Direktur berdasarkan Keputusan RUPS Luar
                        Biasa tanggal 15 Desember 2017 (2017-2018);
                      • Periode kedua ditunjuk sebagai Direktur berdasarkan Keputusan RUPS
                        Tahunan tanggal 8 Mei 2018 (2018-2023); serta
                      • Periode ketiga ditunjuk sebagai Direktur berdasarkan Keputusan RUPS
                        Tahunan tanggal 24 Mei 2023 (2023-2028).
                      • First appointment as Director was based on the Extraordinary GMS Resolutions
                        dated December 15, 2017 (2017-2018);
                      • Second appointment as Director was based on the Annual GMS Resolutions
                        dated May 8, 2018 (2018-2023); and
                      • Third appointment as Director was based on the Annual GMS Resolutions
                        dated May 24, 2023 (2023-2028).


                      Riwayat Pendidikan dan/atau Sertifikasi
                      Educational Background and/or Certification
BEATRICE KARTIKA
                      Sarjana Ekonomi dari Universitas Trisakti (1997).
Direktur Keuangan
                      Bachelor of Economics from Universitas Trisakti (1997).
Director of Finance

                      Riwayat Jabatan
                      History of Position
Kewarganegaraan
Nationality           • Auditor Kantor Akuntan Publik Hans Tuanakotta & Mustofa (anggota
                        Deloitte) (1997-2000);
Indonesia
                      • Supervisi Divisi Akuntansi, Anggaran, dan Pelaporan PT Apac Inti Corpora
Indonesian
                        (2000-2008);
Usia                  • Bergabung di PT Saratoga Investama Sedaya Tbk (2008);
Age                   • Kepala Departemen Keuangan PT Saratoga Investama Sedaya Tbk (2013); serta
                      • Direktur Keuangan di beberapa Entitas Anak Grup Saratoga (2015).
49 tahun
49 years old          • Auditor of Public Accounting Firm Hans Tuanakotta & Mustofa (member of
                        Deloitte) (1997-2000);
Domisili              • Supervision of Accounting, Budgeting, and Reporting Division of PT Apac Inti
Domicile                Corpora (2000-2008);
                      • Joined PT Saratoga Investama Sedaya Tbk (2008);
Jakarta               • Head of Finance Department of PT Saratoga Investama Sedaya Tbk (2013); and
                      • Director of Finance in several Subsidiaries of Saratoga Group (2015).


                      Rangkap Jabatan
                      Concurrent Positions
                      •   Direktur PT Mitra Pinasthika Mustika Auto;
                      •   Direktur PT Armada Maha Karya;
                      •   Direktur PT Putra Mustika Prima; serta
                      •   Komisaris PT Mitra Pertama Mulia.
                      •   Director of PT Mitra Pinasthika Mustika Auto;
                      •   Director of PT Armada Maha Karya;
                      •   Director of PT Putra Mustika Prima; and
                      •   Commissioner of PT Mitra Pertama Mulia.


                      Hubungan Afiliasi
                      Affiliate Relations
                      Tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris, anggota
                      Direksi lainnya, atau dengan Pemegang Saham Utama dan Pemegang Saham
                      Pengendali, baik langsung maupun tidak langsung sampai kepada pemilik individu.
                      Has no affiliation with members of Board of Commissioners, other members
                      of Board of Directors, or Major and Controlling Shareholders, either directly or
                      indirectly to individual owners.




                                                               PT Mitra Pinasthika Mustika Tbk
                                                           Laporan Tahunan 2023 Annual Report       61
Page 64
                                                    Dasar Hukum Pengangkatan
                                                    Legal Basis of Appointment
                                                    Periode pertama ditunjuk sebagai Direktur berdasarkan Keputusan RUPS
                                                    Tahunan tanggal 24 Mei 2023 (2023-2028).
                                                    First appointmentas Director was based on the Annual GMS Resolutions dated
                                                    May 24, 2023 (2023-2028).

                                                    Riwayat Pendidikan dan/atau Sertifikasi
                                                    Educational Background and/or Certification
                                                    • Sarjana Business (Perbankan dan Keuangan) dari Monash University (2000); serta
                                                    • Magister Business System dari Monash University (2002).
                                                    • Bachelor of Business (Banking and Finance) from Monash University (2000);
                                                      and
                                                    • Master of Business System from Monash University (2002).

                                                    Riwayat Jabatan
                                                    History of Position
     KEMAL MAWIRA
                                                    • Head of Risk Management Department Ernst & Young Advisory Services
     Direktur
                                                      Indonesia (2003-2011); serta
     Director
                                                    • Setelah itu, beliau berkarier di Saratoga Group (2012-sekarang) dengan posisi
                                                      terakhir sebagai Senior Executive Vice President - Portfolio Management di
                                                      PT Saratoga Investama Sedaya Tbk.
      Kewarganegaraan                               • Head of Risk Management Department of Ernst & Young Advisory Services
      Nationality                                     Indonesia (2003-2011); and
      Indonesia                                     • Afterwards, he works at Saratoga Group (2012-present) with his last position
      Indonesian                                      as Senior Executive Vice President - Portfolio Management at PT Saratoga
                                                      Investama Sedaya Tbk.
      Usia
      Age                                           Rangkap Jabatan
      44 tahun                                      Concurrent Positions
      44 years old                                  • Senior Executive Vice President - Portfolio Management PT Saratoga
                                                      Investama Sedaya Tbk;
      Domisili                                      • Komisaris PT Mulia Bosco Logistik;
      Domicile                                      • Komisaris PT Mitra Pinasthika Mulia; serta
      Jakarta                                       • Corporate Advisory PT Asuransi Mitra Pelindung Mustika.
                                                    • Senior Executive Vice President of Portfolio Management at PT Saratoga
                                                      Investama Sedaya Tbk;
                                                    • Commissioner of PT Mulia Bosco Logistik
                                                    • Commissioner of PT Mitra Pinasthika Mulia; and
                                                    • Corporate Advisory of PT Asuransi Mitra Pelindung Mustika.


                                                   Hubungan Afiliasi
                                                   Affiliate Relations
                                                   Memiliki hubungan afiliasi dengan Pemegang Saham Utama dan Pemegang Saham
                                                   Pengendali, yaitu PT Saratoga Investama Sedaya Tbk. Namun, tidak memiliki hubungan
                                                   afiliasi dengan anggota Dewan Komisaris, maupun dengan anggota Direksi lainnya.
                                                   Has an affiliation relationship with Main and Controlling Shareholders, PT Saratoga
                                                   Investama Sedaya Tbk. However, has no affiliation with members of Board of
                                                   Commissioners, nor with other members of Board of Directors.




Perubahan Komposisi Anggota Direksi dan                         Changes in Composition of the Board of Directors
Alasan Perubahannya                                             and the Reasons for Changes
Pada tahun 2023, Perseroan melakukan perubahan komposisi        In 2023, the Company underwent changes in the composition
anggota Direksi karena adanya anggota Direksi yang              of the Board of Directors due to its members’ resignation and
mengundurkan diri dan berakhirnya periode jabatan. Adapun       end of their term of office. The composition changes are shown
perubahan komposisi tersebut ditunjukkan sebagai berikut:       as follows:


1 Januari 2023 – 6 April 2023                                   January 1, 2023 – April 6, 2023
Direktur Utama : Suwito Mawarwati                               President Director : Suwito Mawarwati
Direktur         : Titien Supeno                                Director           : Titien Supeno
Direktur         : Beatrice Kartika                             Director           : Beatrice Kartika
Direktur         : Ivan                                         Director           : Ivan



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                                                                                                                        Profil Perusahaan
                                                                                                                         Company Profile



6 April 2023 – 24 Mei 2023                                               April 6, 2023 – May 24, 2023
Direktur Utama : Suwito Mawarwati                                        President Director : Suwito Mawarwati
Direktur         : Beatrice Kartika                                      Director            : Beatrice Kartika
Direktur         : Ivan                                                  Director            : Ivan


24 Mei 2023 – 15 Agustus 2023                                            24 May 2023 – 15 August 2023
Direktur Utama : Suwito Mawarwati                                        President Director : Suwito Mawarwati
Direktur        : Beatrice Kartika                                       Direktur           : Beatrice Kartika
Direktur        : Ivan                                                   Direktur           : Ivan
Direktur        : Kemal Mawira                                           Direktur           : Kemal Mawira


15 Agustus 2023 – 2028                                                   August 15, 2023 – 2028
Direktur Utama : Suwito Mawarwati                                        President Director : Suwito Mawarwati
Direktur        : Beatrice Kartika                                       Director           : Beatrice Kartika
Direktur        : Kemal Mawira                                           Director           : Kemal Mawira




Komposisi Pemegang Saham
Shareholders Composition


                                                31 Desember 2023                                    1 Januari 2023
                                                December 31, 2023                                   January 1, 2023
                                Jumlah                                                 Jumlah
                                Saham                                                  Saham
         Uraian                                                      Kepemilikan                                         Kepemilikan
                               (Lembar                                                (Lembar
       Description                               Jumlah Nominal        Saham                        Jumlah Nominal         Saham
                               Saham)                                                 Saham)
                                                  Total Nominal      Shareholding                    Total Nominal       Shareholding
                             Total Shares                                           Total Shares
                                                                         (%)                                                 (%)
                             (Number of                                             (Number of
                               Shares)                                                Shares)

 Kepemilikan Saham Lebih dari 5%
 Shareholding More than 5%
 PT Saratoga Investama
                             2.530.083.541       1.265.041.770.500       56,69      2.530.083.541   1.265.041.770.500         56,69
 Sedaya Tbk
 PT Persada Capital
                               223.150.000         111.575.000.000        5,00        223.150.000     111.575.000.000          5,00
 Investama
 Kepemilikan Saham Kurang dari 5%
 Shareholding Less than 5%
 Masyarakat
                             1.613.016.650         806.508.325.000       36,14      1.600.153.950     800.076.975.000         35,85
 Public
 Saham Treasuri
                                   96.713.085       48.356.542.500        2,17        109.575.785      54.787.892.500          2,46
 Treasury Stock
 Jumlah
                             4.462.963.276       2.231.481.638.000      100,00      4.462.963.276   2.231.481.638.000       100,00
 Total




                                                                                                  PT Mitra Pinasthika Mustika Tbk
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Page 66
Komposisi Pemegang Saham yang Memiliki 5%
atau Lebih Saham
Composition of Shareholders with 5% or More Shares

                                               31 Desember 2023                                       1 Januari 2023
                                               December 31, 2023                                      January 1, 2023
                                                                                         Jumlah
                              Jumlah Saham
                                                                                         Saham
          Uraian                (Lembar                               Kepemilikan                                         Kepemilikan
                                                                                        (Lembar
        Description              Saham)          Jumlah Nominal         Saham                         Jumlah Nominal        Saham
                                                                                        Saham)
                               Total Shares       Total Nominal       Shareholding                     Total Nominal      Shareholding
                                                                                      Total Shares
                               (Number of                                 (%)                                                 (%)
                                                                                      (Number of
                                 Shares)
                                                                                        Shares)

 PT Saratoga Investama
                               2.530.083.541     1.265.041.770.500       56,69        2.530.083.541   1.265.041.770.500       56,69
 Sedaya Tbk
 PT Persada Capital
                                223.150.000        111.575.000.000        5,00         223.150.000      111.575.000.000        5,00
 Investama
 Jumlah
                               2.753.233.541     1.376.616.770.500       61,69       2.753.233.541    1.376.616.770.500      61,69
 Total




Komposisi Pemegang Saham Masyarakat dengan
Kepemilikan Saham Masing-masing Kurang dari 5%
Composition of Public Shareholders with Share Ownership of
Less than 5% Each

                                               31 Desember 2023                                       1 Januari 2023
                                               December 31, 2023                                      January 1, 2023
                                                                                        Jumlah
                              Jumlah Saham
          Uraian                                                                        Saham
                                 (Lembar                             Kepemilikan                                          Kepemilikan
        Description                                  Jumlah                            (Lembar
                                 Saham)                                Saham                          Jumlah Nominal        Saham
                                                    Nominal                            Saham)
                               Total Shares                          Shareholding                      Total Nominal      Shareholding
                                                  Total Nominal                      Total Shares
                               (Number of                                (%)                                                  (%)
                                                                                     (Number of
                                 Shares)
                                                                                       Shares)

 Individu (Kolektif)
 Domestik
                               846.107.415       423.053.707.500        18,96          749.581.415      374.790.707.500       16,80
 Domestic Individual
 (Collective)
 Individu (Kolektif) Asing
 Foreign Individual               1.658.100          829.050.000         0,04            1.049.500         524.750.000         0,02
 (Collective)
 Institusi (Kolektif)
 Domestik
                               372.054.109       186.027.054.500         8,34          484.301.335      242.150.667.500       10,85
 Domestic Institution
 (Collective)
 Institusi (Kolektif) Asing
 Foreign Institution           489.910.111       244.955.055.500        10,98          474.797.485      237.398.742.500       10,64
 (Collective)
 Jumlah
                              1.709.729.735      854.864.867.500        38,31        1.709.729.735     854.864.867.500        38,31
 Total




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                                                                                                              Profil Perusahaan
                                                                                                               Company Profile




Komposisi Kepemilikan Saham Dewan Komisaris
dan Direksi
Composition of Shareholding of the Board of Commissioners and
Board of Directors

                                                           31 Desember 2023                       1 Januari 2023
                                                           December 31, 2023                      January 1, 2023
                                                                                         Jumlah Saham
          Uraian                     Jabatan          Jumlah Saham
                                                                       Kepemilikan          (Lembar          Kepemilikan
        Description                  Position        (Lembar Saham)
                                                                         Saham              Saham)             Saham
                                                       Total Shares
                                                                       Shareholding       Total Shares       Shareholding
                                                        (Number of
                                                                           (%)            (Number of             (%)
                                                          Shares)
                                                                                            Shares)

Dewan Komisaris
Board of Commissioners
                          Komisaris Utama
Edwin Soeryadjaya                                       1.735.000           0,04                130.000             0,00
                          President Commissioner

                          Komisaris
Tossin Himawan                                         72.429.700           1,62             72.429.700             1,62
                          Commissioner

                          Komisaris
Danny Walla                                            51.978.000           1,16             51.978.000             1,16
                          Commissioner
                          Komisaris Independen
Istama Tatang Siddharta                                         -              -                       -                  -
                          Independent Commissioner
                          Komisaris Independen
Benny Redjo Setyono                                             -              -                       -                  -
                          IndependentCommissioner
Direksi
Board of Directors
                          Direktur Utama
Suwito Mawarwati                                       13.774.170           0,31             10.595.470             0,24
                          President Director
                          Direktur
Beatrice Kartika                                        4.625.100           0,10              2.884.900             0,06
                          Director
                          Direktur
Kemal Mawira                                              104.600           0,00                       -                  -
                          Director




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

Edwin Soeryadjaya selaku Komisaris Utama Perseroan            Edwin     Soeryadjaya    as     the    Company’s      President
mempunyai saham tidak langsung Perseroan melalui              Commissioner indirectly owns the Company’s shares through
PT Saratoga Investama Sedaya Tbk sebesar 34,90%. Selain       PT Saratoga Investama Sedaya Tbk of 34.90%. Apart from
Edwin Soeryadjaya, anggota Dewan Komisaris dan Direksi        Edwin Soeryadjaya, members of the Company’s Board of
Peseroan tidak memiliki saham tidak langsung atas saham       Commissioners and Board of Directors do not own indirect shares
Perseroan pada awal dan akhir tahun 2023.                     of the Company’s shares at the beginning and end of 2023.




                                                                                        PT Mitra Pinasthika Mustika Tbk
                                                                                    Laporan Tahunan 2023 Annual Report        65
Page 68
Komposisi Kepemilikan Saham berdasarkan
Klasifikasi Pemegang Saham
Composition of Shareholding based on Shareholders Classification


                                                                  31 Desember 2023
                                                                  December 31, 2023
                             Uraian                                  Jumlah Saham      Kepemilikan
                                                 Jumlah
                           Description                              (Lembar Saham)       Saham
                                             Pemegang Saham
                                                                     Total Shares      Shareholding
                                             Total Shareholders
                                                                  (Number of Shares)       (%)

 Pemodal Lokal
 Local Investor
 Perorangan
                                                   20.436              846.107.415         18,96
 Individual
 Yayasan
                                                        2                 947.300           0,02
 Foundation
 Dana Pensiun
                                                       10                3.310.500          0,07
 Pension Fund
 Asuransi
                                                       12               35.633.500          0,80
 Insurance
 Perseroan Terbatas
                                                       48            2.868.053.577         64,26
 Limited Liability Company
 Reksa dana
                                                       43              217.342.773          4,87
 Mutual Funds
 Sub Total
                                                   20.551            3.971.395.065         88,99
 Sub Total
 Pemodal Asing
 Foreign Investor
 Perorangan Asing
                                                       16                1.658.100          0,04
 Foreign Individual
 Badan Usaha Asing
                                                      115              489.910.111         10,98
 Foreign Business Entity
 Sub Total
                                                      131              491.568.211         11,01
 Sub Total
 Jumlah
                                                   20.682            4.462.963.276        100,00
 Total




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                                                                                                                                    Profil Perusahaan
                                                                                                                                     Company Profile




Struktur Pemegang Saham Utama dan Pengendali
Structure of Major and Controlling Shareholders



      Edwin Soeryadjaya*                                                           PT Pandu Alam Persada**              PT Tri Nur Cakrawala**




               34,90%                     50,00%                                             50,00%                               50,00%




                                                                                             Publik (Kepemilikan <5%)
                                  PT Unitras Pertama                  Sandiaga S. Uno
                                                                                              Public (Ownership <5%)




                                          32,72%                          21,51%                      10,87%




           Publik*** (Kepemilikan <5%)
                                                              PT Saratoga Investama Sedaya Tbk                 PT Persada Capital Investama
            Public*** (Ownership <5%)



                        38,31%                                               56,69%                                       5,00%




                                                               PT Mitra Pinashtika Mustika Tbk




* Penerima Manfaat Akhir. / Ultimate Beneficial Owner.
** Perseroan Terbatas yang tertutup. / Private Company.
*** Termasuk Saham Treasuri 2,17%. / Including 2.17% of Treasury Stock.



Berdasarkan struktur di atas, Pemegang Saham Utama dan                             Based on the above structure, the Company’s Major and
Pengendali Perseroan adalah PT Saratoga Investama Sedaya Tbk                       Controlling Shareholder is PT Saratoga Investama Sedaya Tbk
dengan kepemilikan saham sebesar 56,69% dan penerima                               with share ownership of 56.69% and the ultimate beneficial owner
manfaat akhir adalah Edwin Soeryadjaya selaku Komisaris Utama                      is Edwin Soeryadjaya as the Company’s President Commissioner.
Perseroan.




                                                                                                             PT Mitra Pinasthika Mustika Tbk
                                                                                                         Laporan Tahunan 2023 Annual Report       67
Page 70
Struktur Grup
Group Structure



                                                    PT Mitra Pinashtika Mustika Tbk




        Entitas Anak
        Subsidiaries




       Distribusi dan                                                                                       Operasi yang
                                                                                       Entitas Asosiasi      Dihentikan
        Aftermarket                  Asuransi                  Entitas Asosiasi
                                                                                         Associates
      Distribution, and             Insurance               Associates Companies                            Discontinued
                                                                                         Companies
        Aftermarket                                                                                          Operations


     99,99%                     99,50%                    50,00%                      40,00%              99,99%


                                                                                       PT JACCS Mitra
                                   PT Asuransi
          PT Mitra                                           PT Mitra Pinashtika         Pinasthika       PT Mitra Pinasthika
                                  Mitra Pelindung
      Pinashtika Mulia                                          Mustika Rent           Mustika Finance     Mustika Auto**
                                      Mustika
                                                                                          Indonesia




       99,99%                                                 99,80%                                      99,99%



           PT Mitra                                            PT Mitra Pinashtika                           PT Putra
         Pertama Mulia                                            Mustika OTO                              Mustika Prima*



                                                              99,99%                                      99,99%



                                                                    PT Surya                                 PT Armada
                                                                Anugerah Kencana                             Maha Karya*



                                                              99,99%



                                                                   PT Dayakarya
                                                                   Solusi Sejati



                                                              99,96%



                                                                   PT Balai Lelang
                                                                   Asta Nara Jaya



                                                              99,99%


* Manajemen memutuskan untuk likuidasi di tahun 2024.              PT Grahamitra
* Management has decided to liquidate in 2024.                      Lestari Jaya
** Di tahun 2018, operasi dihentikan.
** In 2018, operation was discontinued.



         PT Mitra Pinasthika Mustika Tbk
68       Laporan Tahunan 2023 Annual Report
Page 71
                                                                                                                              Profil Perusahaan
                                                                                                                               Company Profile




Informasi Entitas Induk
Information on Owner of the Company


Entitas Induk Perseroan adalah PT Saratoga Investama Sedaya Tbk          The Owner of the Company is PT Saratoga Investama Sedaya Tbk
dengan kepemilikan saham sebesar 56,69%. Berikut informasi               with share ownership of 56.69%. Below is brief information on
singkat Entitas Induk Perseroan:                                         the Owner of the Company:


 Nama
                                     PT Saratoga Investama Sedaya Tbk
 Name
 Bidang Usaha                        Aktivitas perusahaan holding
 Line of Business                    Activities of holding company

 Tanggal Pendirian                   17 Mei 1991
 Date of Establishment               May 17, 1991
                                     Menara Karya Lt. 15
 Alamat Kantor Pusat
                                     Jl. HR. Rasuna Said Blok X-5, Kav. 1-2
 Head Office Address                 Jakarta Selatan 12950
                                     T : +6221 5794 4355
                                     F : +6221 5794 4781
 Kontak Kantor Pusat
                                     E : investor.relations@saratoga-investama.com
 Head Office Contact                     corporate.secretary@saratoga-investama.com
                                     W : www.saratoga-investama.com
                                     PT Saratoga Investama Sedaya Tbk didirikan di Jakarta berdasarkan Akta Notaris No. 41 tanggal
                                     17 Mei 1991 juncto Akta Notaris No. 33 tanggal 13 Juli 1992, keduanya dari Ny. Rukmasanti Hardjasatya, SH,
                                     Notaris di Jakarta. Akta tersebut telah memperoleh persetujuan dari Menteri Kehakiman (sekarang Menteri
                                     Hukum dan Hak Asasi Manusia) No. C2–10198.HT.01.01.TH’92 tanggal 15 Desember 1992 dan telah
 Dasar Hukum Pendirian               diumumkan dalam Berita Negara Republik Indonesia No.19 tanggal 5 Maret 1993, tambahan No. 973.
 Legal Basis of Establishment        PT Saratoga Investama Sedaya Tbk was established in Jakarta based on Notarial Deed No. 41 dated
                                     May 17, 1991, in conjunction with Notarial Deed No. 33 dated July 13, 1992, both drawn up before
                                     Mrs. Rukmasanti Hardjasatya, SH, a Notary in Jakarta. The Deed was approved by the Minister of Justice
                                     (now Minister of Law and Human Rights) No. C2–10198.HT.01.01.TH’92 dated December 15, 1992, and was
                                     published in the State Gazette of the Republic of Indonesia No.19 dated March 5, 1993, supplement No. 973.

 Tanggal Pencatatan Saham            26 Juni 2013
 Share Listing Date                  June 26, 2013

 Kode Saham
                                     SRTG
 Ticker Code
 Modal Dasar
                                     48.833.400.000 saham / shares
 Authorized Capital
 Modal Ditempatkan dan Disetor
 Penuh                               13.564.835.000 saham / shares
 Issued and Fully Paid Up Capital
 Jumlah Aset
                                     Rp50.945.120.000.000
 Total Assets
                                     PT Bursa Efek Indonesia
 Lembaga Pencatatan Saham            Jakarta Stock Exchange Building Tower I
 Share Listing Institution           Jl. Jenderal Sudirman Kav. 52-53
                                     Jakarta 12190




                                                                                                      PT Mitra Pinasthika Mustika Tbk
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Page 72
Entitas Anak dan Entitas Asosiasi
Subsidiaries and Associates Companies


Informasi terkait Entitas Anak dan Entitas Asosiasi yang dimiliki                         Information related to Subsidiaries and Associates Companies
Perseroan dan beroperasi hingga akhir tahun 2023 diungkapkan                              owned by the Company and operating until the end of 2023 is
sebagai berikut:                                                                          disclose as follows:


                                                                                                                                                       Jumlah Aset
                                                                                                                                                         sebelum
                                                                                                               Tahun            Kepemilikan              Eliminasi
       Uraian                                Alamat                               Bidang Usaha               Beroperasi           Saham              (jutaan Rupiah)
     Description                             Address                             Line of Business             Operating        Shareholding           Total Assets
                                                                                                               Since               (%)                    before
                                                                                                                                                       Elimination
                                                                                                                                                     (million Rupiah)

 Entitas Anak
 Subsidiaries
 PT Mitra Pinasthika       Jl. Simpang Dukuh No. 42-44                        Penjualan kendaraan                 2011               99,99                2.272.954
 Mulia (MPMulia)           Surabaya 60275                                     roda dua dan komponen
                           T : 0800 1146 632                                  pendukung.
                           E : care@mpm-motor.com                             Sales of two-wheel
                           W : www.mpmhondajatim.com                          vehicles and its
                                                                              supporting components.
 PT Asuransi               AKR Tower Level 22                                 Asuransi umum.                      2012               99,50                2.148.834
 Mitra Pelindung           Jl. Panjang No. 5                                  General insurance.
 Mustika                   Kebon Jeruk
 (MPMInsurance)            Jakarta 11530
                           T : +6221 1500 676
                           E : info@mpm-insurance.com
                           W : www.mpm-insurance.com
 Entitas Asosiasi
 Associates Companies
 PT Mitra Pinasthika       Sunburst, CBD Lot II No. 10                        Penyewaan kendaraan.                2008               50,00                3.479.012
 Mustika Rent              Jl. Kapten Soebijanto                              Vehicle rental.
 (MPMRent)                 Djojohadikusumo
                           BSD City
                           Tangerang 15322
                           T : +6221 5315 7668
                           F : +6221 5315 7669
                           E : contact@mpm-rent.com
                           W : www.mpm-rent.com
 PT JACCS Mitra            Lippo Kuningan Lt. 25                              Pembiayaan konsumen,                1990               40,00                8.158.042
 Pinasthika                Jl. HR Rasuna Said Kav. B-12                       sewa guna usaha dan
 Mustika Finance           Jakarta 12940                                      anjak piutang.
 Indonesia                 T : +6221 2971 0100                                Consumer financing,
 (JACCS                    E : pelanggan@jaccsmpmfinance.com                  leasing and factoring.
 MPMFinance)               W : www.jaccs-mpmfinance.com
Keterangan / Information:
Perseroan mempunyai kepemilikan saham di sejumlah Entitas Anak, yang telah dihentikan operasionalnya dan/atau dalam proses likuidasi, yaitu PT Mitra Pinasthika Mustika Auto,
PT Armada Maha Karya (dalam likuidasi) dan PT Putra Mustika Prima (dalam likuidasi).
The Company has share ownership in a number of Subsidiaries, whose operations discontinued and/or are in the process of liquidation, namely PT Mitra Pinasthika Mustika Auto,
PT Armada Maha Karya (in liquidation), and PT Putra Mustika Prima (in liquidation).




         PT Mitra Pinasthika Mustika Tbk
70       Laporan Tahunan 2023 Annual Report
Page 73
                                                                                                                             Profil Perusahaan
                                                                                                                              Company Profile




Kronologi Pencatatan Saham
Chronology of Shares Listing


                                                  Jumlah                                               Jumlah Saham            Bursa
                                               Penambahan             Nilai         Harga                 Tercatat           Pencatatan
                                                  Saham              Nominal      Penawaran           (Lembar Saham)           Saham
    Tanggal         Aksi Korporasi
                                             (Lembar Saham)          Nominal       Offering           Number of Listed
     Date          Corporate Actions                                                                                            Stock
                                              Total Additional        Value         Price                 Shares              Exchange
                                                  Shares              (Rp)           (Rp)               (Number of
                                            (Number of Shares)                                            Shares)

                  Penawaran Umum
 29 Mei 2013
                  Perdana Saham                970.000.000             500                 1.500          970.000.000
 May 29, 2013                                                                                                               Bursa Efek
                  Initial Public Offering
                                                                                                                            Indonesia
                  Pencatatan Saham
                                                                                                                            Indonesia Stock
 29 Mei 2013      Pendiri
                                                          -            500                     -        3.492.963.276       Exchange
 May 29, 2013     Listing of Founder’s
                  Shares
 Jumlah Keseluruhan Saham Tercatat
                                                                                                        4.462.963.276
 Total Number of Listed Shares



Hingga akhir tahun 2023, Perseroan tidak melakukan aksi                  Until the end of 2023, the Company did not carry out any corporate
korporasi seperti pemecahan saham, penggabungan saham,                   actions such as stock split, reverse stock, stock dividend, bonus
dividen saham, saham bonus, perubahan nilai nominal saham,               share, changes to share’s nominal value, execution of convertible
pelaksanaan efek konversi, serta pelaksanaan penambahan dan              securities, nor execution of capital increase and decrease.
pengurangan modal.




Kronologi Pencatatan Efek Lainnya
Other Securities Listing Chronology


Perseroan tidak memiliki        pencatatan    efek   lainnya   per       The company has no other securities listed as of December 31,
31 Desember 2023.                                                        2023.




                                                                                                       PT Mitra Pinasthika Mustika Tbk
                                                                                                   Laporan Tahunan 2023 Annual Report         71
Page 74
 Informasi Penggunaan Jasa Akuntan Publik dan
 Kantor Akuntan Publik
 Information on the Use of Public Accountant Services and Public
 Accounting Firms

            Kantor Akuntan Publik / Public Accounting Firm

                                                                          Jasa yang Diberikan
     KAP Siddharta Widjaja & Rekan                                        Services Provided
     (anggota dari KPMG International)
                                                                          Jasa Audit / Audit Services:
     (member of KPMG International)
                                                                          Melakukan audit pada Laporan Keuangan Konsolidasian Perseroan dan
                                                                          Laporan Keuangan Entitas Anak.
              Akuntan Publik                                              Conducting audits on the Company’s Consolidated Financial Statements
              Public Accountant                                           and Subsidiaries’ Financial Statements.
              Novie, SE, CPA
                                                                          Jasa Non-Audit / Non-Audit Services:
                                                                          Tidak ada.
              Alamat                                                      None.
              Address
              Jakarta Mori Tower Lt. 35
                                                                          Biaya Jasa Audit                                 Biaya Jasa Non-Audit
              Jl. Jenderal Sudirman No. 40-41
                                                                          Audit Services Fee                               Non-Audit Services Fee
              Jakarta 10210
                                                                          Biaya jasa audit Perseroan dan Entitas           Tidak ada.
                  +6221 574 2333
                                                                          Anak Rp4.020.000.000,-.                          None.
                  +6221 574 2888
                                                                          Audit services fees for the Company
                                                                          and Subsidiaries are Rp4,020,000,000.



                                                                          Periode Penugasan
                                                                          Assignment Period
                                                                          2023




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


            Lembaga dan Profesi
           Penunjang Pasar Modal                                  Nama                                             Alamat
         Capital Market Supporting                                Name                                             Address
        Institutions and Professions

 Biro Administrasi Efek                                                                        Jl. Hayam Wuruk No. 28
                                                PT Datindo Entrycom
 Securities Administration Bureau                                                              Jakarta 10120
                                                                                               Komplek Taman Gandaria
 Notaris
                                                Jose Dima Satria, S.H., M.Kn.                  Jl. Madrasah No. 11A Cilandak
 Notary
                                                                                               Jakarta Selatan




         PT Mitra Pinasthika Mustika Tbk
72       Laporan Tahunan 2023 Annual Report
Page 75
TINJAUAN
PENDUKUNG BISNIS
Business Support Overview




                       PT Mitra Pinasthika Mustika Tbk
                   Laporan Tahunan 2023 Annual Report    73
Page 76
Sumber Daya Manusia
Human Resources




Sumber Daya Manusia (SDM) merupakan salah satu faktor           Human Resources (HR) is an important factor for the Company
penting bagi perusahaan dalam mencapai tujuan organisasi.       to achieve the organizational goals. Therefore, the Company
Oleh sebab itu, Perseroan menempatkan SDM sebagai elemen        places HR as an important element and a strategic partner in
penting dan mitra strategis dalam menjalankan kegiatan usaha.   carrying out business activities. Apart from implementing best
Selain menjalankan praktik terbaik, pengelolaan SDM Perseroan   practices, the Company’s HR management is also aimed at
juga ditujukan guna membentuk SDM yang unggul, profesional,     forming excellent, professional, adaptive, and integrity HR.
adaptif, dan berintegritas.



Penghargaan di Bidang Pengelolaan SDM                           Awards in HR Management Sector




                       1                          2                         3                            4



1.   HR Excellence Award 2023                                   3.   Stellar Workplace in Employee Commitment
     Kategori / Category		                                           Penyelenggara / Organizer		
     HR Digitalization and People Analytics                          OneGML Consulting dan Kontan
     Penyelenggara / Organizer		                                     OneGML Consulting and Kontan
     SWA Media Group

2.   Stellar Workplace in Employee Satisfaction                 4.   Indonesian Best Company in Creating Leaders from Within 2023
     Penyelenggara / Organizer		                                     Kategori / Category		
     OneGML Consulting dan Kontan                                    -
     OneGML Consulting and Kontan                                    Penyelenggara / Organizer		
                                                                     SWA Media Group




        PT Mitra Pinasthika Mustika Tbk
74      Laporan Tahunan 2023 Annual Report
Page 77
                                                                                                            Tinjauan Pendukung Bisnis
                                                                                                            Business Support Overview




Pengelolaan SDM di Masa Pascapandemi                               HR Management in the Post-Pandemic
                                                                   Period

Sejak Juni 2023, pemerintah telah mencabut status pandemi          Since June 2023, the government has revoked the Covid-19
Covid-19 di Indonesia. Setelah tahun-tahun sebelumnya fokus        pandemic status in Indonesia. After mainly focusing on
utama pengelolaan SDM berkaitan dengan keselamatan dan             employees’ safety and health during the pandemic in the previous
kesehatan karyawan dalam masa pandemi, maka pada tahun             years, in 2023 the Company’s HR management focused on:
2023 ini pengelolaan SDM Perseroan berfokus pada:
1. Meningkatkan kesejahteraan karyawan melalui program             1. Improving employee welfare through well-being program;
    well-being;
2. Mengembangkan kompetensi dan kemampuan karyawan                 2. Developing employees competency and ability in facing
    dalam menghadapi era digital melalui berbagai program             the digital era through various technical training and
    pelatihan teknis dan peningkatan kompetensi;                      competency development programs;
3. Memberikan pembekalan kepemimpinan melalui program              3. Providing leadership coaching through leadership training
    pendidikan dan pelatihan kepemimpinan bekerja sama dengan         and education programs in cooperation with Harvard
    Harvard Business Publishing Corporate Learning; serta             Business Publishing Corporate Learning; and
4. Meningkatkan pengalaman karyawan melalui transformasi           4. Improving    employee      experience   through    digital
    digital dalam layanan SDM.                                        transformation in HR services.



Digitalisasi Pengelolaan SDM                                       Digitalization of HR Management

Dengan meningkatnya peranan teknologi dalam membangun              With the increasing role of technology in building excellent and
SDM yang unggul dan kompetitif, Perseroan mengembangkan            competitive HR, the Company develops HR digitalization projects
proyek digitalisasi SDM terkait rewards & performance yang         related to rewards & performance which include Integrated
meliputi Integrated Data Warehouse, Human Resources                Data Warehouse, Human Resources Dashboard and Human
Dashboard dan Human Resources Portal. Proyek digitalisasi          Resources Portal. The digitalization projects carried out by the
yang dijalankan Perseroan ini diharapkan dapat meningkatkan        Company are expected to increase efficiency with the availability
efisiensi karena tersedianya platform SDM dengan integrasi data,   of an HR platform with data integration, make it easier for the
memudahkan tim manajemen dalam mengambil keputusan                 management team to make decisions by having the big data-
karena tersedianya data analitik SDM berbasis data besar, serta    based HR analytical data in place, and empower employees
dapat memberdayakan karyawan dalam penggunaan platform             in easy use of HR digital platform so as to provide a better
digital SDM yang mudah sehingga memberikan pengalaman              experience.
yang lebih baik.


Sistem Rekrutmen Digital                                           Digital Recruitment System
Rekrutmen di Perseroan dilakukan dengan membuka kesempatan         Recruitment at the Company is carried out by opening
kepada seluruh kandidat, tanpa diskriminasi terhadap perbedaan     opportunities to all candidates, without discrimination against
suku, agama, ras, maupun golongan politik serta mengutamakan       differences in ethnicity, religion, race, or political group, and
tenaga kerja lokal sebagai bentuk pemberian kesempatan kerja       prioritizing local workers as a form of providing job opportunities
bagi masyarakat sekitar wilayah operasional. Adapun metode         for communities around operational areas. The new employee
seleksi karyawan baru dilakukan melalui sistem rekrutmen digital   selection method is carried out through the digital recruitment
berikut:                                                           system as follows:
1. Asesmen berbasis metode gamifikasi;                             1. Assessment based on gamification method;
2. Tes inteligensi secara daring dan mobile friendly; serta        2. Online and mobile-friendly intelligence test; and
3. Tes kecocokan budaya.                                           3. Cultural fit test.




                                                                                              PT Mitra Pinasthika Mustika Tbk
                                                                                          Laporan Tahunan 2023 Annual Report       75
Page 78
Hingga akhir tahun 2023, Perseroan telah merekrut sejumlah              Until the end of 2023, the Company recruited a number of new
karyawan baru untuk menduduki posisi sebagai berikut:                   employees to occupy the following positions:


                                                               2023                                            2022
                  Jabatan
                                                              (orang)                                         (orang)
                  Position
                                                             (people)                                        (People)

 Managerial                                                        7                                               7
 Non-Managerial                                                   167                                            170
 Jumlah Karyawan Baru
                                                                  174                                            177
 Total New Employees



Inisiatif Employer Branding                                             Employer Branding Initiative
Guna menjangkau Gen Z dalam proses rekrutmen, Perseroan                 To reach Gen Z in the recruitment process, the Company carries
melaksanakan program employer branding. Employer branding               out employer branding program. Employer branding is one of the
merupakan salah satu inisiatif yang secara konsisten dijalankan         initiatives consistently carried out by the Company in conducting
oleh Perseroan dalam melakukan proses rekrutmen melalui                 recruitment process through video-based social media on
media sosial berbasis video pada platform Facebook, TikTok,             Facebook, TikTok, Instagram, YouTube, and LinkedIn platforms.
Instagram, YouTube, dan LinkedIn. Program ini diharapkan                This program is expected to increase awareness and image of
dapat meningkatkan awareness dan citra Grup MPM di kalangan             MPM Group among the younger generation.
generasi muda.


Selain melalui media sosial, Perseroan juga bekerja sama dengan         In addition to social media, the Company also cooperates with
beberapa kampus untuk dapat hadir dan melakukan pengajaran              several campuses to attend and provide teaching to university
kepada mahasiswa dan mahasiswi.                                         students.




       PT Mitra Pinasthika Mustika Tbk
76     Laporan Tahunan 2023 Annual Report
Page 79
                                                                                                                           Tinjauan Pendukung Bisnis
                                                                                                                          Business Support Overview




Program e-Learning                                                              E-Learning Program
Perseroan berusaha memfasilitasi pelatihan yang tepat dan                       The Company strives to facilitate appropriate trainings
sesuai dengan kebutuhan karyawan. Oleh karena itu, Perseroan                    that meet the employees’ needs. Therefore, the Company
meluncurkan program e-Learning yang bernama Moodle. Moodle                      launched an e-Learning program called Moodle. The
Perseroan mampu mentransformasikan modul pelatihan dan                          Company’s Moodle is able to transform training and
pengembangan menjadi pengalaman belajar secara daring.                          development modules into online learning experiences. In
Selain itu, Moodle yang berbeda dari setiap Entitas Anak juga                   addition, different Moodles from each Subsidiary can also be
dapat diintegrasikan sehingga menciptakan satu ekosistem                        integrated, thereby creating one large ecosystem for various
besar untuk berbagai bentuk pelajaran.                                          forms of learning.


Sampai dengan saat ini, pelatihan melalui Moodle terus                          Until now, training through Moodle continues to be developed as
dikembangkan karena dianggap mampu meningkatkan jumlah                          it is considered capable in increasing the number of participants
partisipasi dan lebih efektif. Pada tahun 2023, modul baru yang telah           and is more effective. In 2023, new modules developed by the
dikembangkan oleh Perseroan dan Entitas Anak sebagai berikut:                   Company and Subsidiaries were as follows:


                                                                    Perseroan
                                                                    Company
 •   Code of Conduct dan Whistle Blowing System;                            •   Code of Conduct and Whistle Blowing System;
 •   Penggabungan, Peleburan, dan Pengambilalihan Perusahaan;               •   Company Merger, Consolidation, and Acquisition;
 •   Dasar-Dasar PPh 21;                                                    •   Basics of Income Tax 21;
 •   Google Dorking;                                                        •   Google Dorking;
 •   Guide for Maps; serta                                                  •   Guide for Maps; and
 •   Finance Statement Analysis 101.                                        •   Financial Statement Analysis 101.


                                                 MPM Distributor, MPMMotor, ERRO Partshop

 •   Employee Working Facility dan Code of Conduct;                         •   Employee Working Facility and Code of Conduct;
 •   Impactful Presentation Design;                                         •   Impactful Presentation Design;
 •   Process Improvement;                                                   •   Process Improvement;
 •   Social Media for Front Line Person;;                                   •   Social Media for Front Line Person;
 •   Successful Complaint Handling;                                         •   Successful Complaint Handling;
 •   Salesmanship;                                                          •   Salesmanship;
 •   Customer Experience Enrichment;                                        •   Customer Experience Enrichment;
 •   Melisha Chatbot for Sales People;                                      •   Melisha Chatbot for Sales People;
 •   Social Media for Dealer;                                               •   Social Media for Dealers;
 •   SOP Mulia: IT Infrastructure and Network (ITI.P. 004 and ITI.P.007);   •   SOP Mulia: IT Infrastructure and Network (ITI.P. 004 and ITI.P.007);
 •   Work Instruction ERRO: Accounting Department (AC.001.W.001 &           •   Work Instruction ERRO: Accounting Department (AC.001.W.001 &
     AC.002.W.001);                                                             AC.002.W.001);
 •   Sosialisasi Standar Operasional Prosedur (SOP);                        •   Dissemination of Standard Operating Procedures (SOP);
 •   Sosialisasi Work Instruction;                                          •   Work Instruction Dissemination;
 •   Smart Dealer Management System Iflip Salesman;                         •   Smart Dealer Management System Iflip Salesman;
 •   Code of Conduct dan MPM Speak Up;                                      •   Code of Conduct and MPM Speak Up;
 •   Customer Experience;                                                   •   Customer Experience;
 •   Panduan Keamanan Informasi Perusahaan;                                 •   Company Information Security Guide;
 •   Salesmanship 1;                                                        •   Salesmanship 1;
 •   Canva Training;                                                        •   Canva Training;
 •   MPM Business Management Program;                                       •   MPM Business Management Program;
 •   MPM Credo 2;                                                           •   MPM Credo 2;
 •   MPMX Digital Passport: Bronze Level;                                   •   MPMX Digital Passport: Bronze Level;
 •   MPMMulia Probation Class;                                              •   MPMMulia Probation Class;
 •   Training Network Operating System: Deliveryman;                        •   Training Network Operating System: Deliveryman;
 •   Training Network Operating System: Front Desk Officer;                 •   Training Network Operating System: Front Desk Officer;
 •   Training Network Operating System: Sales People;                       •   Training Network Operating System: Sales People;
 •   Training Network Operating System: Service Advisor;                    •   Training Network Operating System: Service Advisor;
 •   AHASS Academy: Company Profile and AHASS Business Process;             •   AHASS Academy: Company Profile and AHASS Business Process;
 •   MPM Mustika Probation Class;                                           •   MPM Mustika Probation Class;
 •   Pelatihan Teknik Non-Mekanik for Internal;                             •   Non-Mechanical Engineering Training for Internal;
 •   Sosialisasi Prosedur SOP Transfer Wallet Incentive Front Line Person   •   Dissemination of SOP Procedures for Network Front Line Person
     Jaringan;                                                                  Incentive Wallet Transfer;
 •   Sosialisasi Proses Bisnis Penjualan Unit H1;                           •   Dissemination of H1 Unit Sales Business Process;
 •   Microsoft Excel Basic;                                                 •   Microsoft Excel Basic;
 •   MPM Credo;                                                             •   MPM Credo;
 •   Fun and Fubulous Follow Up H1;                                         •   Fun and Fubulous Follow Up H1;
 •   Fun and Fubulous Follow Up H2;                                         •   Fun and Fubulous Follow Up H2;
 •   General Product Knowledge Module for Front Line Person;                •   General Product Knowledge Module for Front Line Person;
 •   Pelatihan Teknik non-Mekanik;                                          •   Non-Mechanical Technical Training;
 •   SharePoint Enhancement;                                                •   SharePoint Enhancement;
 •   General Product Knowledge E-Learning for Internal;                     •   General Product Knowledge E-Learning for Internal;
 •   Basic Orientation Training;                                            •   Basic Orientation Training;
 •   MPM E-Learning;                                                        •   MPM E-Learning;
 •   Salestalk Beat 2020; serta                                             •   Salestalk Beat 2020; and
 •   Refreshment Network Operating System Web Service Provider.             •   Refreshment Network Operating System Web Service Provider.


                                                                                                            PT Mitra Pinasthika Mustika Tbk
                                                                                                        Laporan Tahunan 2023 Annual Report         77
Page 80
                                                                MPMInsurance

 •   Code of Conduct;                                                      •   Code of Conduct;
 •   [Underwriting] SOP Akseptasi Penutupan Asuransi (New Business);       •   [Underwriting] SOP for Insurance Closing Acceptance (New Business);
 •   [Underwriting] SOP Akseptasi Perpanjangan Penutupan Asuransi;         •   [Underwriting] SOP for Acceptance of Extension of Insurance Coverage;
 •   [Underwriting] SOP Perubahan/Endorsement Polis;                       •   [Underwriting] SOP for Policy Changes/Endorsements;
 •   [Underwriting] SOP Pembatalan/Cancellation Polis;                     •   [Underwriting] SOP for Policy Cancellation;
 •   [Underwriting] SOP Survei Penutupan Risiko;                           •   [Underwriting] SOP for Risk Closure Survey;
 •   [Underwriting] Pedoman Under Writing;                                 •   [Underwriting] Under Writing Guidelines;
 •   [Policy Processing] SOP Penerbitan Polis/Endorsement/Cancellation;    •   [Policy Processing] SOP for Issuing Policies/Endorsements/Cancellations;
 •   [Reinsurance] SOP Reasuransi Fakultatif;                              •   [Reinsurance] Facultative Reinsurance SOP;
 •   [Reinsurance] SOP Reasuransi Treaty;                                  •   [Reinsurance] Treaty Reinsurance SOP;
 •   [Financial Line] SOP Penanganan Klaim Asuransi Kredit Multiguna;      •   [Financial Line] SOP for Handling Multipurpose Credit Insurance Claims;
 •   [Claim Motor Vehicle] SOP Penanganan Klaim Kendaraan Bermotor;        •   [Motor Vehicle Claims] SOP for Handling Motor Vehicle Claims;
 •   [Claim Non-Motor Vehicle] SOP Penanganan Klaim Non-Motor Vehicle;     •   [Non-Motor Vehicle Claims] SOP for Handling Non-Motor Vehicle Claims;
 •   [Claim Motor Vehicle and Non-Motor Vehicle] SOP Penanganan Salvage;   •   [Motor Vehicle and Non-Motor Vehicle Claims] SOP for Handling Salvage;
 •   [Marketing I] SOP Pengajuan Bisnis dengan Bank BUMN dan Bank          •   [Marketing I] SOP for Business Submissions with BUMN Banks and
     BUMD;                                                                     BUMD Banks;
 •   [Marketing I] SOP Pembuatan Perjanjian Kerja Sama dengan Bank         •   [Marketing I] SOP for Making Cooperation Agreements with BUMN
     BUMN dan Bank BUMD;                                                       Banks and BUMD Banks;
 •   [Marketing I] SOP Penutupan Asuransi Bank dari Bank BUMN dan Bank     •   [Marketing I] SOP for Closing Bank Insurance from BUMN Banks and
     BUMD (New Business);                                                      BUMD Banks (New Business);
 •   [Marketing I] SOP Perpanjangan Penutupan Asuransi dari Bank BUMN      •   [Marketing I] SOP for Extension of Insurance Coverage from BUMN
     dan Bank BUMD;                                                            Banks and BUMD Banks;
 •   [Marketing I] SOP Penutupan Asuransi dari Group Business I;           •   [Marketing I] SOP for Insurance Closing from Business Group I;
 •   [Marketing I] SOP Perpanjangan Penutupan Asuransi dari Group          •   [Marketing I] SOP for Extending Insurance Coverage from Business
     Business I;                                                               Group I;
 •   [Marketing II] SOP Penutupan Asuransi Dari Broker (New Business);     •   [Marketing II] SOP for Closing Insurance from Brokers (New Business);
 •   [Marketing II] SOP Penutupan Asuransi Direct (New Business);          •   [Marketing II] SOP for Direct Insurance Closing (New Business);
 •   [Marketing II] SOP Perpanjangan Penutupan Asuransi dari Broker;       •   [Marketing II] SOP for Extension of Insurance Coverage from Broker;
 •   [Marketing II] SOP Perpanjangan Penutupan Asuransi Direct;            •   [Marketing II] SOP for Extension of Direct Insurance Coverage;
 •   [Marketing III] SOP Penutupan Asuransi dari Agen (New Business);      •   [Marketing III] SOP for Closing Insurance from Agents (New Business);
 •   [Marketing III] SOP Perpanjangan Penutupan Asuransi dari Agen;        •   [Marketing III] SOP for Extension of Insurance Coverage from Agent;
 •   [Marketing III] SOP Recruitment Agen;                                 •   [Marketing III] SOP for Agent Recruitment;
 •   [Marketing III] SOP Pengajuan Bisnis dengan Leasing;                  •   [Marketing III] SOP for Submitting Business with Leasing;
 •   [Marketing III] SOP Pembuatan Perjanjian Kerja Sama dengan Leasing;   •   [Marketing III] SOP for Making Cooperation Agreements with Leasing;
 •   [Marketing III] SOP Penutupan Asuransi dari Leasing;                  •   [Marketing III] SOP for Closing Insurance from Leasing;
 •   [Marketing III] SOP Perpanjangan Asuransi dari Leasing;               •   [Marketing III] SOP for Extension of Insurance from Leasing;
 •   [Marketing IV] SOP Penutupan Asuransi dari Group Business IV;         •   [Marketing IV] SOP for Insurance Closing from Group Business IV;
 •   [Marketing IV] SOP Perpanjangan Penutupan Asuransi dari Group         •   [Marketing IV] SOP for Extension of Insurance Coverage from Group
     Business IV;                                                              Business IV;
 •   [Marketing IV] SOP Penutupan Asuransi Direct (New Business);          •   [Marketing IV] SOP for Direct Insurance Closing (New Business);
 •   [Marketing IV] SOP Perpanjangan Penutupan Asuransi Direct;            •   [Marketing IV] SOP for Extension of Direct Insurance Coverage;
 •   [Marketing IV] Bisnis Proses Marketing IV;                            •   [Marketing IV] Business Process Marketing IV;
 •   [Technic] Bisnis Proses Technic;                                      •   [Technic] Business Process Technic;
 •   [Marketing I] Bisnis Proses Marketing I; serta                        •   [Marketing I] Business Process Marketing I; and
 •   Bronze Digital Passport.                                              •   Bronze Digital Passport.



Selain moodle, Perseroan juga memiliki metode gamifikasi dalam                 Apart from Moodle, the Company also has a gamification
pembelajaran (gamified learning) melalui aplikasi Kolaboratif                  learning method (gamified learning) through the Collaborative
Online Learning App (KOLA). Aplikasi ini berbentuk permainan                   Online Learning App (KOLA) application. This application is in
ular tangga yang dapat diakses oleh beragam pengguna untuk                     the form of a snake and ladder game that can be accessed by
tujuan yang bervariasi serta merupakan perangkat alternatif                    various users for various purposes and is a new digital alternative
digital yang baru untuk proses pembelajaran yang memiliki                      tool for learning process that has flexibility in content creation
fleksibilitas dalam kreasi dan pengelolaan konten.                             and management.


Human Resources Hub                                                            Human Resources Hub
Untuk memfasilitasi karyawan dalam berinteraksi dan                            To facilitate employees in interacting and communicating
berkomunikasi melalui media digital, Perseroan menyediakan                     through digital media, the Company provides an online and
sebuah portal internal online dan mobile friendly yang mencakup:               mobile friendly internal portal which includes:
1. Flexible benefit;                                                           1. Flexible benefit;
2. Rewards program; serta                                                      2. Rewards program; and
3. Performance management.                                                     3. Performance management.


MPM Young Talent Program                                                       MPM Young Talent Program
Program MPM young talent program dibentuk oleh Perseroan                       The MPM young talent program was established by the Company
sebagai upaya dalam melakukan regenerasi dan suksesi di                        as a regeneration and succession effort within MPM Group. The
dalam lingkungan Grup MPM. Program yang dibentuk sebagai                       program was formed as part of Management Trainee (MT),




         PT Mitra Pinasthika Mustika Tbk
78       Laporan Tahunan 2023 Annual Report
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                                                                                                             Tinjauan Pendukung Bisnis
                                                                                                             Business Support Overview




bagian dari Management Trainee (MT) yang hanya diberikan            which is only given to fresh graduates from the best local and
kepada lulusan baru dari institusi terbaik, baik lokal maupun       international institutions intensively for 12 months. This program
internasional, secara intensif selama 12 bulan. Program ini         consists of face-to-face sessions in class, teaching, on-the-job
terdiri dari sesi tatap muka dalam kelas, pengajaran, on-the-job    training at the Company or its Subsidiaries to increase candidates’
training di Perseroan atau Entitas Anak untuk meningkatkan          insight, develop technical and non-technical knowledge, and
wawasan para kandidat, mengembangkan pengetahuan                    improve skills in interacting with various groups.
teknikal dan non-teknikal, serta meningkatkan kemampuan
dalam berinteraksi dengan berbagai grup.


Pada tahun 2023, terdapat 10 orang kandidat terpilih sebagai        In 2023, there were 10 candidates selected for the 8th Batch of
Angkatan ke-8 MPM young talent program yang telah menjalani         MPM young talent program who had undergone rotation at the
rotasi di kantor pusat Perseroan dan Entitas Anak. Setelah lulus,   head office of the Company and Subsidiaries. After graduating,
kandidat akan mulai menempati posisi Supervisor di tahun            they will start to occupy Supervisor positions in the following
berikutnya. Pada tahun berikutnya, Perseroan akan kembali           year. In the following year, the Company will recruit new MTs
melakukan perekrutan MT baru melalui jalur MPM young talent         through MPM young talent program.
program.


Fleksibilitas dan Mobilitas                                         Flexibility and Mobility
Perseroan senantiasa berupaya untuk selalu mengakomodir             The Company strives to accommodate employees’ needs for
kebutuhan karyawan akan fleksibilitas dan mobilitas dalam           flexibility and mobility at work through the following initiatives:
bekerja melalui inisitatif-inisiatif sebagai berikut:
1. Car Ownership Program                                            1. Car Ownership Program
    Program yang memberikan kebebasan kepada karyawan                  This program provides freedom to employees to acquire
    dalam memperoleh mobil, menyewa mobil, atau tidak                  car, rent car, or not to acquire car, but can exchange it with
    mengambil mobil, namun dapat ditukarkan dengan uang                cash of the same value.
    tunai dengan nilai yang sama.


2. Kegiatan Work-life Balance                                       2. Work-life Balance Activity
   Perseroan selalu berupaya agar para karyawan memiliki               The Company strives for employees to have a balance at
   keseimbangan dalam bekerja agar mereka terhindar dari               work to avoid feeling bored and stressed.
   rasa bosan dan stres.


3. Area Kerja yang Modern                                           3. Modern Workspace
   Perseroan merancang area kerja menjadi satu area terbuka            The Company designed the workspace into one large
   yang besar tanpa ada penyekat untuk memberikan kesan                open area without any dividers to give a spacious and
   yang luas dan modern. Pada area kerja juga terdapat mesin           modern impression. There is also a coffee machine in the
   kopi yang dilengkapi dengan kursi bar serta area umum               workspace equipped with bar stools and a common area to
   untuk bersantai dan melakukan permainan-permainan                   relax and play simple games, as well as murals for selfies.
   sederhana, serta murals untuk melakukan selfie.


4. Satelite Office                                                  4. Satellite Office
   Perseroan memberikan fleksibilitas bagi karyawan untuk              The Company provides employees flexibility to choose to
   dapat memilih bekerja melalui satellite office di kantor            work through a satellite office at MPM office located in Alam
   MPM yang berlokasi di kawasan Alam Sutera.                          Sutera area.



Profil SDM                                                          HR Profiles

Pada tahun 2023, jumlah karyawan Perseroan dan Entitas Anak         In 2023, the number of employees of the Company and
meningkat sebesar 2,32%. Peningkatan tersebut dikarenakan           Subsidiaries increased by 2.32%. This increase was due to the
adanya pengembangan lini usaha dan pengembangan bisnis              development of business lines and business development of
Perseroan dan Entitas Anak.                                         the Company and Subsidiaries.




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Informasi lengkap jumlah karyawan di Perseroan dan Entitas          Complete information on the number of employees in the
Anak sebagai berikut:                                               Company and Subsidiaries is as follows:


                                                  2023                       2022
                   Uraian              Pria       Wanita   Jumlah   Pria    Wanita   Jumlah               Description
                                       Male       Female    Total   Male    Female    Total
 Komposisi Karyawan berdasarkan                                                                 Employees’ Composition based on
 Jabatan dan Gender                                                                                          Position and Gender
 General Manager & Vice President         22          8       30      22        6        28      General Manager & Vice President
 Manager & Senior Manager                 53         20       73      51       19        70             Manager & Senior Manager
 Supervisor & Associate Manager          130         61      191     125       64       189       Supervisor & Associate Manager
 Staff & Officer                         898        394    1.292     889      374     1.263                          Staff & Officer
 Jumlah                                1.103        483    1.586    1.087     463     1.550                                   Total
 Komposisi Karyawan berdasarkan                                                                 Employees’ Composition based on
 Tingkat Pendidikan dan Gender                                                                       Education Level and Gender
 Sarjana atau Lebih Tinggi               498        323      821     473      320       793                     Bachelor or Higher
 Diploma                                  83         80      163      88       77       165                                Diploma
 Lain-lain                               522         80      602     526       66       592                                  Others
 Jumlah                                1.103        483    1.586    1.087     463     1.550                                   Total
 Komposisi Karyawan berdasarkan                                                                 Employees’ Composition based on
 Masa Kerja dan Gender                                                                               Years of Service and Gender
 15 tahun                                153         52      205     141       54      195                                 15 years
 10–15 tahun                             251        103      354     193       68      261                             10–15 years
 5–10 tahun                              288        106      394     274      106      380                              5–10 years
 1–5 tahun                               307        152      459     376      161      537                               1–5 years
 ≤ 1 tahun                               104         70      174     103       74      177                                  ≤ 1 year
 Jumlah                                1.103        483    1.586    1.087     463     1.550                                   Total
 Komposisi Karyawan berdasarkan                                                               Employees’ Composition by Age and
 Usia dan Gender                                                                                                         Gender
 > 55 tahun                                   5       3        8       7        4       11                           > 55 years old
 50–55 tahun                              26         14       40      25       11       36                         50–55 years old
 41–50 tahun                             252         68      320     230       59      289                         41–50 years old
 31–40 tahun                             528        206      734     521      199      720                         31–40 years old
 26–30 tahun                             219        125      344     215      130      345                         26–30 years old
 ≤ 25 tahun                               73         67      140      89       60      149                           ≤ 25 years old
 Jumlah                                1.103        483    1.586    1.087     463     1.550                                   Total
 Komposisi Karyawan berdasarkan                                                                 Employees’ Composition based on
 Segmen Operasi dan Gender                                                                       Operating Segments and Gender
 Perseroan                                59         36       95      60       34       94                                Company
 Distribusi, Ritel dan Aftermarket       879        345    1.224     870      329     1.199     Distribution, Retail and Aftermarket
 Asuransi                                165        102      267     157      100      257                               Insurance
 Jumlah                                1.103        483    1.586    1.087     463     1.550                                   Total
 Komposisi Karyawan berdasarkan                                                                 Employees’ Composition based on
 Status Ketenagakerjaan dan Gender                                                                Employment Status and Gender
 Pegawai Tetap                           950        403    1.353     159      391      550                  Permanent Employees
 Pegawai Kontrak                         153         80      233     928       72     1.000                    Contract Employees
 Jumlah                                1.103        483    1.586    1.087     463     1.550                                   Total




Pelatihan dan Pengembangan                                          HR Competency Training and
Kompetensi SDM                                                      Development

Selama tahun 2023, Perseroan telah mengalokasikan dana              Throughout 2023, the Company allocated funds on providing
yang dikeluarkan dalam menyelenggarakan pelatihan dan               competency training and development programs for all
pengembangan kompetensi untuk seluruh karyawan yang                 employees who are members of MPM Group of Rp8.40 billion.



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                                                                                                                        Tinjauan Pendukung Bisnis
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tergabung dalam Grup MPM sebesar Rp8,40 miliar. Rincian                        Details of the number of competency development programs
jumlah pengembangan kompetensi yang diikuti karyawan Grup                      attended by MPM Group employees are as follows:
MPM sebagai berikut:


        Jenis Pengembangan                                                   MPMulia –
                                                 Perseroan                                                                       Jumlah
            Kompetensi                                                   MPMMotor – ERRO            MPMInsurance
                                                 Company                                                                           Total
        Type of Competency                                                   Partshop              (kali / sessions)
                                              (kali / sessions)                                                             (kali / sessions)
            Development                                                   (kali / sessions)
 Technical                                            119                       442                        1.067                  1.628
 Leadership                                            21                         25                        114                     160
 Lainnya
                                                         -                        15                       1.067                  1.087
 Other



Harvard Leadership Program                                                     Harvard Leadership Program
Perseroan melaksankan Harvard Leadership Program pada                          The Company carried out Harvard Leadership Program in
November 2023 dengan mengundang talen unggul di seluruh                        November 2023 by inviting excellent talent throughout MPM
Grup MPM, termasuk Entitas Anak, mulai dari level Senior                       Group, including its Subsidiaries, starting from Senior Manager
Manager, Vice President/General Manager, dan Direksi dengan                    level, Vice President/General Manager, to Board of Directors
fasilitator berasal dari Harvard Business Corporate Learning.                  with facilitators from Harvard Business Corporate Learning.
Adapun yang menjadi area fokus pengembangan adalah                             The focus areas for development are executive coaching,
executive coaching, visionary leadership, success mentoring,                   visionary leadership, success mentoring, public speaking,
public speaking, service leadership, negotiation, networking,                  service leadership, negotiation, networking, finance and project
financial dan project management.                                              management.



Penilaian Kinerja SDM                                                          HR Performance Assessment

Dalam rangka meningkatkan produktivitas kerja, Perseroan                       To increase work productivity, the Company conducts employees’
melakukan penilaian kinerja karyawan. Sistem penilaian karyawan                performance assessment. The employee assessment system
berfokus pada kinerja karyawan berdasarkan Key Performance                     focuses on employee performance based on predetermined Key
Indicators (KPI) yang telah ditetapkan. Penilaian kinerja karyawan             Performance Indicators (KPI). Employees’ performance assessment
dilaksanakan secara berkala setiap 1 tahun sekali oleh atasan                  is carried out periodically once a year by the direct superior. The
langsung. Hasil penilaian kinerja karyawan akan dijadikan dasar                employees’ performance assessment results will be used as a basis
dalam menetapkan reward and punishment, promosi, mutasi,                       for determining rewards and punishments, promotions, transfers, or
atau demosi, serta remunerasi dan fasilitas bagi karyawan. Pada                demotions, as well as remuneration and facilities for employees. In
tahun 2023, seluruh karyawan telah memenuhi target KPI.                        2023, all employees fulfilled the KPI targets.



Pengembangan Karier SDM                                                        HR Career Development

Program pengembangan karier Perseroan dilakukan secara                         The Company’s career development program is conducted
terbuka dan objektif guna memberikan kesempatan bagi seluruh                   transparently and objectively to provide opportunities for all
karyawan untuk memperoleh peningkatan jabatan. Dalam setahun,                  employees to obtain promotion. In a year, the career development
program pengembangan karier dilaksanakan sebanyak 2 kali, yaitu                program is carried out twice, in March and September, with
di bulan Maret dan September dengan mengacu pada kebutuhan                     reference to the Company’s organizational needs and the
keorganisasian Perseroan serta arah pengembangan usaha.                        business development direction.


Informasi jumlah karyawan yang mendapatkan pengembangan                        Information on the number of employees receiving career
karier selama 2 tahun terakhir diuraikan sebagai berikut:                      development over the last 2 years is described as follows:


                                                       2023                              2022
                Uraian                     Pria       Wanita         Jumlah    Pria     Wanita     Jumlah                Description
                                           Male       Female          Total    Male     Female      Total

 Promosi Jabatan*                           110          57           167       59         27         86                          Job Promotion*
 Mutasi Jabatan**                              8             4         12        2          2          4                           Job Transfer**
* Komposisi karyawan Grup MPM. / MPM Group’s employee composition.
** Komposisi karyawan Perseroan. / Company’s employee composition.




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 Remunerasi dan Kesejahteraan SDM                                               HR Remuneration and Welfare

 Perseroan berkomitmen untuk menjalankan kebijakan                              The Company is committed to implementing a competitive
 remunerasi yang kompetitif sesuai kinerja dan mendukung                        remuneration policy in accordance with performance and
 kesejahteraan karyawan dengan tetap menjaga kesenjangan                        supporting employees’ welfare while maintaining the salary
 gaji seluruh karyawan agar tidak terdapat perbedaan yang                       gap for all employees to avoid too high differences. Remuneration
 terlalu tinggi. Penetapan remunerasi juga disesuaikan dengan                   is also determined by adjusting to the position in the organizational
 posisi dalam struktur organisasi, tanpa membedakan gender.                     structure, regardless of gender.


 Secara umum, tingkat upah Perseroan secara berkala telah                       In general, the Company’s wage rate has been periodically
 disesuaikan dengan ketentuan Upah Minimum Regional                             adjusted to the Regional Minimum Wage (UMR) provisions
 (UMR) berdasarkan lokasi operasional Perseroan. Adapun                         based on the Company’s operational location. The form of
 bentuk remunerasi yang diberikan Perseroan kepada karyawan                     remuneration provided by the Company to employees is
 diuraikan sebagai berikut:                                                     described as follows:


                                           Uraian                                             Karyawan Tetap                  Karyawan Kontrak
                                         Description                                        Permanent Employee                Contract Employee

  Gaji Pokok
  Basic Salary
  Program Badan Penyelenggaraan Jaminan Sosial (BPJS) Ketenagakerjaan dan Kesehatan
  Social Security Administration Agency (BPJS) Program Employment and Health
  Tunjangan Hari Raya
  Holiday Allowance
  Hak Cuti
  Leave Entitlements
  Tunjangan Pensiun (BPJS Ketenagakerjaan/Program Jaminan Pensiun)
  Pension Benefits (BPJS Employment/Pension Insurance Program)
  Fasilitas Transportasi dan Makan
  Transportation dan Dining Facilities
  Fasilitas Pengobatan dan Kacamata
                                                                                                                                         -
  Treatment and Eyeglasses Facilities
  Pesangon
                                                                                                                                         -
  Severance Pay
  Kompensasi Pengakhiran Masa Kontrak
  Contract Termination Compensation




Keterikatan SDM                                                                 HR Engagement

Keterikatan SDM merupakan parameter yang digunakan untuk                        HR Engagement is a parameter used to measure employees’
mengukur tingkat keterikatan emosional karyawan terhadap                        emotional engagement level to the Company. The Company
Perseroan. Perseroan senantiasa memperhatikan kesejahteraan                     always pays attention to all employees’ welfare so that they can
seluruh karyawan agar dapat saling bersinergi demi terciptanya                  work together in synergy to create optimal work productivity. To
produktivitas kerja yang optimal. Cara yang dilakukan Perseroan                 increase HR engagement, employees are involved in activities
untuk meningkatkan keterikatan SDM, yaitu terlibat dalam suatu                  organized by the Company as shown below:
kegiatan yang diselenggarakan Perseroan yang ditunjukkan
sebagai berikut:


                                                                                       Uraian
          Program
                                                                                     Description

  MPM Sport Club               Perseroan memfasilitasi klub olahraga seperti badminton, basket, futsal, dan yoga atau pound fit dalam mendukung
                               kesejahteraan karyawan melalui olahraga.
                               The Company facilitates sports clubs such as badminton, basketball, futsal, and yoga or pound fit to support employee
                               welfare through sports.
  Spiritual Engagement         Dalam rangka memfasilitasi kegiatan keagamaan karyawan di lingkungan Perseroan, Perseroan mengadakan berbagai
  Event                        kegiatan keagamaan pada momen-momen tertentu, seperti Ramadhan, Paskah, dan Natal.
                               In order to facilitate employee religious activities within the Company, the Company holds various religious activities at
                               certain moments, such as Ramadan, Easter, and Christmas.




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                                                                                      Uraian
          Program
                                                                                    Description

 Medical Check Up             Perseroan memperhatikan kesehatan karyawan dan memastikan karyawan berada dalam kondisi terbaiknya dengan
                              mengadakan tes kesehatan rutin yang diadakan setiap tahunnya untuk mengetahui kondisi karyawan.
                              The Company pays attention to employees’ health and ensures that they are in their best condition by holding routine
                              medical check-up every year to identify employees’ condition.
 Psychological Health Event   Selain kesehatan fisik, Perseroan juga memperhatikan kesehatan mental karyawan dengan mengadakan sesi webinar yang
                              mengundang psikolog sebagai pembicara. Karyawan juga dapat bertanya langsung dengan psikolog terkait isu yang dihadapi.
                              In addition to physical health, the Company also pays attention to employees’ mental health by holding webinar sessions by
                              inviting psychologists as speakers. Employees can also ask the psychologists directly regarding any issues they are facing.
 Skill and Knowledge          Guna pengetahuan yang dimiliki karyawan tidak hanya terbatas pada pengetahuan seputar bidang pekerjaannya masing-
 Sharing                      masing, maka Perseroan juga memberikan webinar/pelatihan dengan mengundang narasumber untuk membahas topik-
                              topik baru yang dapat dipelajari oleh semua kalangan.
                              To ensure that employees’ knowledge is not only limited to knowledge about their respective fields of work, the Company
                              also provides webinars/training programs by inviting speakers to address new topics for all employees to learn.
 Financial Literacy for       Untuk membekali karyawan mengenai pentingnya pengelolaan keuangan, Perseroan mengadakan sesi webinar/seminar
 Employee                     offline dengan mengundang pembicara ahli di bidang keuangan.
                              To equip employees with the importance of financial management, the Company holds offline webinar/seminar sessions
                              by inviting experts in financial sector.
 Outing                       Perseroan memfasilitasi rekreasi karyawan setiap tahunnya dengan mengadakan outing.
                              The Company facilitates employees’ recreation every year by holding outing.




Tingkat Perputaran Karyawan                                                    Employee Turnover Rate

Perseroan senantiasa berupaya optimal untuk menjaga                            The Company constantly makes optimal efforts to maintain all
kenyamanan dan keamanan dari setiap karyawan selama                            employees’ comfort and safety while working to increase their
bekerja untuk meningkatkan keterikatan karyawan terhadap                       engagement with the Company. In 2023, the employee turnover
perusahaan. Pada tahun 2023, tingkat perputaran karyawan                       rate was recorded at 8.11%.
tercatat sebesar 8,11%.



Membangun Budaya Perusahaan yang Kuat                                          Building a Strong Corporate Culture

Perseroan senantiasa berupaya membangun budaya                                 The Company constantly strives to build a strong corporate
perusahaan yang kuat guna memupuk rasa karyawan sebagai                        culture to foster employees’ sense of being part of the Company
bagian dari perusahaan, di mana mereka bekerja sehingga                        where they work so that employees can work optimally based
karyawan dapat bekerja dengan optimal yang berlandaskan                        on CREDO values. The implementation of corporate culture in
pada nilai-nilai CREDO. Implementasi budaya perusahaan di                      MPM Group is constantly reviewed and developed every year
Grup MPM senantiasa dikaji dan dikembangkan setiap tahun                       through various strategic initiatives as follows:
melalui berbagai inisiatif strategis sebagai berikut:
1. CREDO Awareness, antara lain berupaya menciptakan                           1. CREDO Awareness, among others trying to create awareness
    awareness dengan visualisasi dan bantuan virtual seperti                      with visualization and virtual assistance such as murals,
    murals, wallpaper di komputer karyawan, maskot (Kola, Tiki,                   wallpapers on employees’ computers, mascots (Kola, Tiki,
    dan Owie);                                                                    and Owie);
2. CREDO Education, antara lain melalui pelatihan dengan                       2. CREDO Education, among others through training with 103
    103 (10 Beliefs and 3 CREDO) FM Credo Show, Credo                             (10 Beliefs and 3 CREDO) FM Credo Shows, Credo Show
    Show Special Edition dan menggabungkan CREDO dengan                           Special Edition, and combining CREDO with various other
    berbagai aktivitas lainnya; serta                                             activities; and
3. CREDO Internalization Program, antara lain dengan cara                      3. CREDO Internalization Program, among others by linking
    menghubungkan CREDO dengan proses rekrutmen dan                               CREDO with the recruitment process and Performance
    Performance Management System.                                                Management System.



Program Anti Intoleransi, Radikalisme,                                         Anti Intolerance, Radicalism, and
dan Terorisme                                                                  Terrorism Program

Dalam upaya mencegah dan memutus mata rantai terorisme                         In an effort to prevent and break terrorism chain in Indonesia,
di Indonesia, Perseroan melakukan pencegahan anti toleransi                    the Company prevents anti-tolerance and radical understanding
serta paham radikal terorisme di lingkungan Grup MPM. Upaya                    of terrorism within MPM Group. Prevention efforts are carried



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pencegahan dilakukan dengan melaksanakan sosialisasi                             out by conducting dissemination related to Anti-Intolerance,
terkait Anti Intoleransi, Radikalisme, dan Terorisme (Anti-IRT)                  Radicalism, and Terrorism (Anti-IRT) so that employees gain
agar para karyawan memperoleh pengetahuan tentang indikasi,                      knowledge about indications, symptoms, and practical steps in
gejala, dan langkah praktis dalam mencegah paham dan                             preventing understandings and ideologies that lead to IRT.
ideologi yang mengarah pada IRT.




Teknologi Informasi
Information Technology


Teknologi informasi (TI) merupakan sebuah solusi bagi                            Information technology (IT) is the Company’s solution in facing
Perseroan dalam menghadapi pesatnya pertumbuhan usaha dan                        rapid business growth and increasing competitiveness in the
meningkatnya daya saing di industri ritel otomotif. TI memberikan                automotive retail industry. IT provides convenience for the
kemudahan bagi Perseroan dalam mengambil keputusan bisnis.                       Company to make business decisions. Realizing such matter, the
Menyadari hal tersebut, Perseroan menerapkan teknologi yang fokus                Company applies technology that focuses on increasing work
pada peningkatan efektivitas dan efisiensi kerja. Hal ini merupakan              effectiveness and efficiency. This is part of the Company’s efforts
bagian dari upaya Perseroan untuk meningkatkan kinerja unit kerja.               to improve work unit performance.



Roadmap Pengembangan TI                                                          IT Development Roadmap




                                                                  IT STRATEGY VISION
                                    Adaptable and secure IT environment that foster agility, data-driven insights, user
                                     experience, and innovation while ensuring security, compliance, and efficiency




             Agile Infrastructure                                       Data Driven                                       Modern Application

        • Robust and Secure                                   • Data Governance                                   • Micro Frontends and
          Infrastructure                                        Framework                                           Serverless Architecture
        • Elastic Scalability                                 • Data Quality and Master                           • API-First Development
        • Microservices Architecture                            Data Management                                   • DevOps Practices
        • Containerization and                                • Advanced Analytics and                            • User-Centered Design
          Orchestration                                         Machine Learning                                  • Cloud-Native Architecture
        • High Performance and                                • Real-time Data Processing
          Availability                                        • Privacy by Design




                                                                         Comprehensive Security

                      • Risk-based Assessment and Management                             • Encryption and Data Protection
                      • Access Control and Identity Management                           • Security Automation and AI
                      • Threat Detection and Incident Response




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Pelaksanaan Program dan Kebijakan TI                                    Implementation of IT Programs and
Tahun 2023                                                              Policies in 2023

Untuk mewujudkan strategi dan kebijakan pengelolaan                     To actualize IT management strategies and policies
TI, maka sepanjang tahun 2023, Divisi Corporate TI telah                throughout 2023, the Corporate IT Division implemented various
melaksanakan berbagai kebijakan dan program strategis yang              strategic policies and programs as parts of the Company’s
menjadi bagian dari rencana jangka panjang Perseroan secara             overall long-term plan which include:
keseluruhan yang meliputi:
1. Migrasi seluruh infrastruktur ke public cloud;                       1. All infrastructure migration to public cloud;
2. Implementasi sistem manajemen kepatuhan ISO 27001;                   2. Compliance management system implementation of ISO
                                                                            27001;
3. Meningkatkan keamanan melalui implementasi password                  3. Security improvement through password management
    management;                                                             implementation;
4. Otentikasi multi-faktor untuk active directory;                      4. Multi-factor authentication for active directory;
5. Implementasi IT service management tahap 1;                          5. IT service management implementation phase 1;
6. Implementasi Security Operation Center;                              6. Security Operation Center implementation;
7. Automasi pemrosesan data;                                            7. Automation data processing;
8. Online to Offline (O2O) dashboard;                                   8. Online to Offline (O2O) dashboard;
9. Mengamankan aplikasi menggunakan secure coding tools;                9. Application security by using secure coding tools;
10. Meningkatkan kinerja sistem menggunakan application                 10. System performance improvement by using application
    performance monitoring; serta                                           performance monitoring; and
11. Migrasi dan meningkatkan aplikasi pelaporan keuangan                11. Migration and upgrades of consolidated financial reporting
    konsolidasian.                                                          applications.



Pelatihan dan Pengembangan                                              HR Competency Training and
Kompetensi SDM di Bidang TI                                             Development in IT

Divisi Corporate TI telah mengikuti pelatihan dan pengembangan          The Corporate IT Division attended training and competency
kompetensi di bidang TI selama tahun 2023 yang ditunjukkan              development in IT throughout 2023 as shown below:
sebagai berikut:


                                   Peserta berdasarkan                                     Materi Pelatihan/
          Waktu                       Level Jabatan                Jumlah Peserta         Seminar/Workshop               Penyelenggara
          Time                    Participantas based on          Total Participantas     Training/Seminar/                Organizer
                                      Position Level                                      Workshop Materials

 15 Februari 2023            Semua Divisi Corporate TI                    30            One Day Workshop and               Internal MPM
 February 15, 2023           All Corporate IT Division                                  Technology Update
 21-23 Februari 2023         AM IT Information Security                    1            Data Protection Officer          Asosiasi Praktisi
 February 21-23, 2023                                                                                                    Pelindungan Data
                                                                                                                             Indonesia
                                                                                                                          Association of
                                                                                                                         Indonesian Data
                                                                                                                      Protection Practitioners
 6-7 dan 13-14 Maret 2023    Corporate IT Division, Unit Audit            37            ISO 27001:2022                    Andhika Aryoko
 March 6-7 and 13-14, 2023   Internal, Risk Management dan SOP,
                             dan HGR/General Affair
 10 Maret 2023               Semua Divisi Corporate TI                     6            Google Cloud Fundamental         Google Indonesia
 March 10, 2023              All Corporate IT Division
 15-17 Maret 2023            Semua Divisi Corporate TI                     5            Architecting with Google         Google Indonesia
 March 15-17, 2023           All Corporate IT Division                                  Compute Engine
 28 Mei-2 Juni 2023          IT Department Head                            3            Enterprise Risk                Risk Management Unit
 May 28-June 2, 2023                                                                    Manaagement – Champion
                                                                                        Program: Risk Training and
                                                                                        Exam
 8 Juni 2023                 IT Department Head                            3            Google Cloud Summit              Google Indonesia
 June 8, 2023                                                                           2023




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                                  Peserta berdasarkan                                       Materi Pelatihan/
          Waktu                      Level Jabatan                  Jumlah Peserta         Seminar/Workshop           Penyelenggara
          Time                   Participantas based on            Total Participantas     Training/Seminar/            Organizer
                                     Position Level                                        Workshop Materials

 4 Juli 2023               General Manager IT, Senior Manager               3            Training ISO 22301:2019         Arrowhead
 July 4, 2023              IT Information Security & Operation,
                           & Associate Manager IT Information
                           Security
 21-25 Agustus 2023        General Manager IT & Senior Manager              2            The Open Group                  Multimatics
 August 21-25, 2023        IT Information Security & Operation                           Architecture Framework
 12 September 2023         Senior Manager Data Management,                  3            Immersion Days Amazon       Amazon Web Service
 September 12, 2023        Associate Manager Data Specialist, &                          Web Service Artificial
                           Officer Data Specialist                                       Intelligence/Machine
                                                                                         Learning
 25 September 2023         Senior Manager Data Management,                  3            Workshop Artificial         Metrodata Electronic
 September 25, 2023        Associate Manager Data Specialist, &                          Intelligence/Machine
                           Officer Data Specialist                                       Learning Analytic
 10 Oktober 2023           Supervisor Application Development               1            • Laravel: Pemula sampai          Udemy
 October 10, 2023          & Support                                                       Mahir
                                                                                         • Laravel 9 Admin Panel –
                                                                                           Learn Rolers and
                                                                                           Permissions
                                                                                         • Laravel: Beginner to
                                                                                           Advanced
                                                                                         • Laravel 9 Admin Panel –
                                                                                           Learn Roles and
                                                                                           Permissions
 12 Oktober 2023           General Manager IT, General Manager              8            Internal Audit Business         Arrowhead
 October 12, 2023          Internal Audit, General Manager                               Continuity Management
                           Finance, Senior Manager Information                           Awareness
                           Security & Operation, Associate
                           Manager IT Information Security
                           & Operation, Senior Manager Risk
                           & SOP, Supervisor Risk & SOP, &
                           Supervisor Internal Audit
 16-18 Oktober 2023        IT Data Specialist                               1            Specialist Data Modelling      Data Academy
 October 16-18, 2023
 16-20 Oktober 2023        Senior Manager Data Management                   1            Data Management Body of         Multimatics
 October 16-20, 2023                                                                     Knowledge
 1-2 November 2023         Semua Divisi Corporate TI dan Divisi            34            IT Forum Workshop           IT Division MPM-HO
 November 1-2, 2023        Lain
                           All Corporate IT Division and Other
                           Division
 7 November 2023           Senior Manager Data Management,                  3            Innovation Day Workshop         Grup MPM
 November 7, 2023          Associate Manager Data Specialist, &                                                          MPM Group
                           Officer Data Specialist
 8 Desember 2023           Chief Digital, General Manager IT,              15            Data Analytic for Repeat    Amazon Web Service
 December 8, 2023          Division Head Digital Marketing,                              Order Project Workshop
                           Senior Manager Digital, Manager                               (Hybrid)
                           Marketing, Senior Manager Data
                           Management, Associate Data
                           Specialist, & Officer Data Specialist
 20 Desember 2023          Chief Digital, General Manager IT,              15            Data Analytic for Repeat     Google Indonesia
 December 20, 2023         Division Head Digital Marketing,                              Order Project Workshop
                           Senior Manager Digital, Manager                               (Hybrid)
                           Marketing, Senior Manager Data
                           Management, Associate Data
                           Specialist, & Officer Data Specialist




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                                                                                                     Tinjauan Pendukung Bisnis
                                                                                                     Business Support Overview




Rencana Pengembangan TI Tahun 2024                             IT Development Plan for 2024

Untuk tahun 2024, Perseroan telah menyusun rencana             For 2024, the Company has prepared an IT development plan to
pengembangan TI yang akan direalisasikan melalui program-      be realized through the following programs:
program berikut ini:
1. Mengoptimalkan atau mengonsolidasikan cloud resources       1. Optimizing or consolidating cloud resources for the
    untuk hak opname dan operasi perusahaan;                       company operations and rights;
2. Menilai keamanan coding untuk operasi Grup MPM;             1. Assessing coding security for MPM Group operations;
3. Implementasi IT Service Management (ITSM) tahap 2;          3. Implementing IT Service Management (ITSM) stage 2;
4. Implementasi manajemen kepatuhan hukum Grup MPM             4. Implementation of MPM Group’s legal compliance
    atas Perlindungan Data Pribadi tahap 1;                        management for Personal Data Protection stage 1;
5. Automasi data pipeline dan memiliki big data serta          5. Data pipeline automation and having big data and cloud-
    enterprise datawarehouse berbasis cloud services;              based enterprise data warehouse services;
6. Migrasi ke open source;                                     6. Migrating to open source;
7. User Dashboard Redevelopment;                               7. User Dashboard Redevelopment;
8. Menerapkan tata kelola data perusahaan termasuk             8. Implementing corporate data governance including tools
    perangkat berdasarkan standar dan praktik terbaik;             based on standards and best practices;
9. Implementasi Content Delivery Network (CDN) untuk           9. Implementing Content Delivery Network (CDN) for
    aplikasi yang terpapar Internet (MPM Lounge dan Learning       applications exposed to the Internet (MPM Lounge and
    Management System);                                            Learning Management System);
10. Implementasi ISO 27001 dalam operasi Entitas Anak; dan     10. Implementation of ISO 27001 in Subsidiary operations; and
11. Mengkonsolidasikan security operation center Grup MPM.     11. Consolidating MPM Group security operation center.




                                                                                        PT Mitra Pinasthika Mustika Tbk
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Publikasi IT Security Awareness 2023      IT Security Awareness Publication 2023




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ANALISIS DAN
PEMBAHASAN MANAJEMEN
Management Discussion
and Analysis




                        PT Mitra Pinasthika Mustika Tbk
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 Tinjauan Makroekonomi
 Macroeconomics Overview




Pertumbuhan ekonomi dunia pada tahun 2023 diperkirakan           World economic growth in 2023 was predicted to fall to 3.0%,
turun ke 3,0%, setelah sebelumnya mencatat pertumbuhan           after previously recording high growth of 3.5% in 2022. The
tinggi sebesar 3,5% pada tahun 2022. Perlambatan                 slowdown in global economic growth was caused by several
pertumbuhan ekonomi global disebabkan oleh beberapa              factors, including limited supply due to impact on downturn in
faktor, di antaranya keterbatasan pasokan karena dampak          corporate side, immigration restrictions in several developed
keterpurukan di sisi korporasi dan pembatasan imigrasi di        countries, increasing geopolitical-economic fragmentation due
beberapa negara maju, meningkatnya fragmentasi geopolitik-       to Russia’s war in Ukraine which affected limited supplies and
ekonomi akibat perang Rusia di Ukraina yang menyebabkan          prices of energy and global food, declining export-import and
keterbatasan pasokan dan harga energi serta pangan global,       world trade volume due to trade tensions between the United
menurunnya ekspor-impor dan volume perdagangan dunia             States and China, additional global geopolitical tensions in the
akibat ketegangan perdagangan antara Amerika Serikat             Middle East between Israel and Palestine, increasing inflationary
dan Tiongkok, ketegangan di Timur Tengah antara Israel           pressures due to energy and food prices, as well as tight labor
dan Palestina menambah ketegangan geopolitik global,             markets in several developed countries.
meningkatnya tekanan inflasi karena harga energi dan pangan,
serta ketatnya pasar tenaga kerja di beberapa negara maju.


Kinerja ekonomi global pada 2023 juga diwarnai dengan            Global economic performance in 2023 was also influenced by
divergensi pertumbuhan yang terjadi antara negara maju,          divergence in growth among developed countries, especially the
terutama Amerika Serikat yang tumbuh relatif tinggi, dengan      United States, which had relatively high growth, and Emerging
negara-negara Emerging Market and Developing Economies           Market and Developing Economies (EMDEs) countries, which
(EMDEs) yang mengalami penurunan dan stagnasi. Di negara         experienced decline and stagnation. In EMDEs, China’s growth
EMDEs, pertumbuhan Tiongkok melambat dipengaruhi oleh            slowed down, influenced by weakening consumption and
pelemahan konsumsi dan penurunan kinerja sektor properti,        declining performance in property sector, while the economic
sedangkan kinerja ekonomi India dan ASEAN-5 tetap baik.          performance of India and ASEAN-5 remained good.


Di Indonesia, perekonomian tahun 2023 tetap berdaya tahan dan    In Indonesia, the economy in 2023 remained resilient and grew
tumbuh baik di tengah tantangan gejolak perekonomian dunia.      well amidst the challenges of world economic turmoil. In 2023,
Pada tahun 2023, pertumbuhan ekonomi Indonesia tercatat          Indonesia’s economic growth was recorded at 5.05%. Indonesia’s
sebesar 5,05%. Pertumbuhan ekonomi Indonesia yang tetap          economic growth, which remained high, was supported by
tinggi tersebut ditopang oleh permintaan domestik yang kuat.     strong domestic demand. On the business side, the Indonesian
Dari sisi lapangan usaha, perekonomian Indonesia terutama        economy was mainly driven by the performance of transportation
didorong oleh kinerja sektor transportasi dan pergudangan yang   and warehousing sector, which grew by 13.96%, followed by other
tumbuh sebesar 13,96%, diikuti jasa lainnya sebesar 10,52%,      services by 10.52%, and the provision of accommodations as well



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                                                                                                                 Analisis Dan Pembahasan Manajemen
                                                                                                                  Management Discussion and Analysis




dan penyediaan akomodasi dan makan minum sebesar 10,01%.                       as food and beverage by 10.01%. Meanwhile, on the expenditure
Sementara dari sisi pengeluaran, pertumbuhan tertinggi terjadi                 side, the highest growth was in the Consumption Expenditure
pada komponen Pengeluaran Konsumsi Lembaga Non-profit                          of Nonprofit Organizations that Provide Services to Households
yang Melayani Rumah Tangga (PK-LNPRT) sebesar 9,83%,                           (PK-LNPRT) at 9.83%, followed by Household Consumption
diikuti komponen Pengeluaran Konsumsi Rumah Tangga                             Expenditure (PK-RT) at 4.82%, and Gross Fixed Capital Formation
(PK-RT) sebesar 4,82%, dan komponen Pembentukan Modal                          (PMTB) at 4.40%.
Tetap Bruto (PMTB) sebesar 4,40%.

Sumber:                                                                        Sources:
• Bank Indonesia – Laporan Perekonomian Indonesia 2023; dan                    • Bank Indonesia – Indonesia Economic Report 2023; and
• Badan Pusat Statistik – Pertumbuhan Ekonomi Indonesia Triwulan IV 2023 BRS   • Statistics Indonesia – Indonesia Economic Growth Quarter IV-2023 BRS No.
  No. 13/02/Th. XXVII, 5 Februari 2024.                                          13/02/Th. XXVII, February 5, 2024.




Tinjauan Industri
Industrial Overview


Kinerja sektor perdagangan besar dan eceran, reparasi mobil                    The performance of wholesale and retail trade, car and
dan sepeda motor di tahun 2023 mencatatkan pertumbuhan                         motorcycle repair sector in 2023 recorded growth of 4.85%, a
sebesar 4,85%, menurun dibandingkan dengan tahun 2022                          decrease compared to that of 2022, which grew by 5.53%. Despite
yang tumbuh sebesar 5,53%. Meski mengalami penurunan,                          experiencing a decline, the wholesale and retail trade, car and
industri perdagangan besar dan eceran, reparasi mobil dan                      motorcycle repair industry was the second largest contributor
sepeda motor menjadi penyumbang kedua terbesar dan                             and foundation for national economic growth with a proportion
tumpuan bagi pertumbuhan ekonomi nasional dengan proporsi                      of Gross Domestic Product (GDP) reaching 12.94%.
terhadap Produk Domestik Bruto (PDB) mencapai 12,94%.


Sejalan dengan penurunan pertumbuhan industri perdagangan                      In line with the declining growth in wholesale and retail trade
besar dan eceran, reparasi mobil dan sepeda motor,                             industry, car and motorcycle repairs, growth in car sales
pertumbuhan industri penjualan mobil yang menjadi salah satu                   industry, which became one of the sub-sectors in this industry,
sub-sektor dalam industri tersebut juga mengalami penurunan                    also decreased compared to that previous year. Based on the
dibandingkan tahun sebelumnya. Berdasarkan data dari                           data from the Association of Indonesian Automotive Industries
Gabungan Industri Kendaraan Bermotor Indonesia (GAIKINDO),                     (GAIKINDO), in 2023, wholesale car sales were recorded at
pada tahun 2023 penjualan mobil wholesales tercatat 1,00                       1.00 million units, a decrease of 4.03% compared to that of the
juta unit, menurun 4,03% dibandingkan tahun sebelumnya                         previous year which was recorded at 1.05 million units. Retail
yang tercatat 1,05 juta unit. Penjualan mobil retail sales turut               car sales also decreased by 1.53% from the previous 1.01 million
mengalami penurunan sebesar 1,53% dari sebelumnya 1,01                         units in 2022 to 998.06 thousand units in 2023. The decline in
juta unit pada tahun 2022 menjadi 998,06 ribu unit pada tahun                  car sales was caused by a slowdown in automotive market in the
2023. Penurunan penjualan mobil disebabkan oleh perlambatan                    second half of 2023, which was also influenced by an increase in
pasar otomotif pada paruh kedua 2023, yang juga dipengaruhi                    Bank Indonesia’s interest rates and slowing economic growth.
oleh kenaikan suku bunga Bank Indonesia dan melambatnya
pertumbuhan ekonomi.


Sementara itu, kinerja penjualan sepeda motor di tahun 2023                    Meanwhile, motorcycle sales performance in 2023, based on
berdasarkan data dari Asosiasi Industri Sepeda Motor Indonesia                 the data from the Indonesian Motorcycle Industry Association
(AISI) mengalami peningkatan sebesar 19,45% menjadi 6,24 juta                  (AISI), increased by 19.45% to 6.24 million units from 5.22 million
unit dari 5,22 juta unit. Meski demikian, volume penjualan sepeda              units. However, the volume of motorcycle sales in Indonesia
motor di Indonesia sepanjang tahun 2023 masih lebih rendah                     throughout 2023 was still lower than the pre-pandemic sales in
dibanding penjualan pra-pandemi periode 2018-2019.                             the 2018-2019 period.

Sumber:                                                                        Sources:
• Badan Pusat Statistik – Pertumbuhan Ekonomi Indonesia Triwulan IV 2023 BRS   • Statistics Indonesia – Indonesia Economic Growth Quarter IV-2023 BRS
  No. 13/02/Th. XXVII, 5 Februari 2024;                                          No. 13/02/Th. XXVII, February 5, 2024;
• Asosiasi Industri Sepeda Motor Indonesia (AISI);                             • Indonesian Motorcycle Industry Association (AISI);
• Gabungan Industri Kendaraan Bermotor Indonesia (GAIKINDO); dan               • Association of Indonesian Automotive Industries (GAIKINDO); and
• GAIKINDO - Penjualan Mobil Domestik Melambat sepanjang 2023.                 • GAIKINDO - Domestic Car Sales Slowed Down throughout 2023.




                                                                                                             PT Mitra Pinasthika Mustika Tbk
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 Tinjauan per Segmen Operasi
 Overview by Operating Segment


Kegiatan usaha Perseroan dan Entitas Anak terbagi dalam 2                      Business activities of the Company and Subsidiaries are divided
segmen operasi, yaitu:                                                         into 2 operating segments, namely:


                                Kegiatan bisnis yang dijalankan oleh MPMulia melalui 271 dealer motor Honda dan bengkel yang memberikan layanan
                                purna jual dan suku cadang resmi Honda di wilayah Jawa Timur dan Nusa Tenggara Timur.
                                Business activities performed by MPMulia through 271 Honda motorcycle dealers and repair shops which provide
      Distribusi, Ritel         after-sales service and authorized Honda spare parts in East Java and East Nusa Tenggara.
      dan Aftermarket
     Distribution, Retail
      and Aftermarket
                                Kegiatan bisnis yang dijalankan oleh MPMInsurance yang menyediakan produk asuransi kerugian (non-jiwa) dan
                                beberapa fasilitas asuransi, seperti asuransi kendaraan bermotor, asuransi harta benda, asuransi konstruksi, asuransi
                                uang, asuransi pengangkutan dan asuransi rangka kapal.
                                Business activities performed by MPMInsurance which provide non-life insurance products and several insurance
          Asuransi              facilities, such as motor vehicle insurance, property insurance, construction insurance, money insurance,
         Insurance              transportation insurance and marine hull insurance.



Kinerja masing-masing segmen operasi yang dijalankan                           The performance of each operating segment performed by the
Perseroan dan Entitas Anak selama 2 tahun terakhir diuraikan                   Company and Subsidiaries in the last 2 years is explained as
sebagai berikut:                                                               follows:

                                                                       (dalam miliar Rupiah, kecuali dinyatakan khusus / in billion Rupiah, unless otherwise specified)

                                                                                            Peningkatan
                                                 2023                2022                   (Penurunan)
                 Uraian                                                                                                               Description
                                                 (Rp)                (Rp)              Increase (Decrease)
                                                                                               (%)

 Distribusi, Ritel dan Aftermarket              13.580              12.466                          8,9                   Distribution, Retail, and Aftermarket
 Asuransi                                          285                 285                        (0,0)                                                  Insurance
 Eliminasi                                          (6)                 (8)                      (28,3)                                                 Elimination
 Jumlah Pendapatan Neto                         13.859              12.743                          8,8                                      Total Net Revenues



Distribusi, Ritel dan Aftermarket                                              Distribution, Retail and Aftermarket
Segmen distribusi, ritel dan aftermarket yang dimiliki Perseroan               The distribution, retail, and aftermarket segment of the Company
menghasilkan pendapatan sebesar Rp13.580 miliar di tahun 2023,                 earned revenues of Rp13,580 billion in 2023, an increase of
mengalami peningkatan 8,9% dibandingkan tahun sebelumnya                       8.9% compared to that of the previous year of Rp12,466 billion.
sebesar Rp12.466 miliar. Peningkatan segmen ini terutama                       The increase of this segment was mainly affected by motorcycle
dipengaruhi oleh penjualan sepeda motor yang meningkat                         sales that increased by 7.0%, compared to last year, to 721
sebesar 7,0% dibandingkan tahun lalu, menjadi sebanyak 721 ribu                thousand units. Meanwhile, revenue from spare parts in 2023
unit. Sementara itu, pendapatan suku cadang pada tahun 2023                    was recorded at Rp1,308 billion, increasing by 5.7% compared to
tercatat sebesar Rp1.308 miliar, mengalami peningkatan 5,7%                    that of 2022 of Rp1,238 billion.
dibandingkan dengan tahun 2022 sebesar Rp1.238 miliar.


Asuransi                                                                       Insurance
Segmen asuransi menghasilkan premi bruto sebesar Rp740                         The insurance segment collected a gross premium of Rp740
miliar di tahun 2023, mengalami penurunan sebesar 3,1%                         billion in 2023, decreasing by 3.1% compared to that of the
dibandingkan tahun sebelumnya sebesar Rp763 miliar.                            previous year of Rp763 billion. The decrease in gross premium
Penurunan premi bruto terutama karena penghentian produk                       was mainly due to the discontinuation of Multipurpose Credit
Asuransi Kredit Multiguna (AKM), sementara untuk produk                        Insurance (AKM) product, while main products such as property
utama seperti properti dan kendaraan bermotor tetap tumbuh.                    and motor vehicles continued to grow.




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                                                                                                     Analisis Dan Pembahasan Manajemen
                                                                                                     Management Discussion and Analysis




Kinerja Entitas Asosiasi
Performance of Associates Companies


Melalui Entitas Asosiasi, Perseroan menawarkan produk dan             Through Associates Companies, the Company offers products
jasa yang diuraikan sebagai berikut:                                  and services described as follows:


                          MPMRent menyediakan jasa layanan pengemudi profesional yang terlatih serta jasa pengelolaan manajemen
                          transportasi yang mencakup penyewaan kendaraan dan pengemudi, manajemen pemakaian kendaraan jangka
                          pendek dan jangka panjang (terutama untuk pelanggan korporat), dan kegiatan usaha terkait lainnya.
                          MPMRent provides trained professional drivers services as well as transportation management services which
      Transportasi        include vehicle rentals and drivers, short-term and long-term vehicle use management (especially for corporate
     Transportation       customers), and other related business activities.
                          JACCS MPMFinance merupakan perusahaan pembiayaan yang menyediakan pembiayaan investasi, modal kerja, dan
                          multiguna di sektor pembiayaan konsumen untuk kendaraan bermotor roda empat dan roda dua. JACCS MPMFinance
                          juga bergerak dalam pembiayaan korporasi melalui produk sewa pembiayaan untuk alat berat, mesin, dan properti.
                          JACCS MPMFinance is a financing company that provides investment, working capital, and multipurpose financing
      Pembiayaan          in the consumer financing sector for four-wheel and two-wheel motorized vehicles. JACCS MPMFinance is also
       Financing          engaged in corporate financing through finance lease products for heavy equipment, machinery, and property.



Transportasi                                                          Transportation
MPMRent menghasilkan pendapatan sebesar Rp1.352                       MPMRent earned revenues of Rp1,352 billion in 2023, increased
miliar di tahun 2023, mengalami peningkatan sebesar 14,6%             by 14.6% compared to that of the previous year of Rp1,179
dibandingkan tahun sebelumnya sebesar Rp1.179 miliar.                 billion. This increase in revenues mainly came from vehicle
Peningkatan pendapatan ini terutama berasal dari jasa sewa            rental services, driver services, and used car sales.
kendaraan, jasa pengemudi, dan penjualan mobil bekas.


Pembiayaan                                                            Financing
Pada tahun 2023, JACCS MPMFinance menghasilkan                        In 2023, JACCS MPMFinance earned revenues of Rp1,605 billion,
pendapatan sebesar Rp1.605 miliar, mengalami peningkatan              increasing by 3.2% compared to that of the previous year of
sebesar 3,2% dibandingkan tahun sebelumnya yang sebesar               Rp1,555 billion.The increase in revenues was mainly affected by
Rp1.555 miliar. Peningkatan pendapatan terutama dipengaruhi           an increase in administration income in line with the growth in
oleh kenaikan pendapatan administrasi seiring dengan                  new bookings, driven by growth in used vehicles and corporate
pertumbuhan pencatatan new booking yang didorong oleh                 financing.
pertumbuhan pembiayaan kendaraan bekas dan korporasi.




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Aspek Pemasaran
Marketing Aspects


Strategi Pemasaran dan Pangsa Pasar                                            Marketing Strategy and Market Share

Perseroan, Entitas Anak, dan Entitas Asosiasi menerapkan                       The Company, Subsidiaries, and Associates Companies
berbagai strategi pemasaran untuk mengenalkan produk dan                       implement various marketing strategies to introduce the
jasa Perseroan ke masyarakat luas. Adapun strategi pemasaran                   Company’s products and services to the general public. The
yang dilakukan pada tahun 2023 diuraikan sebagai berikut:                      marketing strategies implemented in 2023 are described as
                                                                               follows:
                                                        Distribusi, Ritel dan Aftermarket
                                                      Distribution, Retail and Aftermarket
 • Memastikan ketersediaan dan kelengkapan persediaan di main dealer         • Ensuring the availability and completeness of inventory at main dealers
   dan jaringan melalui efisiensi aktivitas;                                   and networks through activity efficiency;
 • Mempertahankan dominasi pasar;                                            • Maintaining market dominance;
 • Menjalankan sales campaign melalui aktivitas pemasaran untuk              • Running sales campaigns through marketing activities to drive sales,
   mendorong penjualan, baik secara online maupun offline;                     both online and offline;
 • Memaksimalkan peran komunitas Honda sebagai advocator dalam hal           • Maximizing the role of Honda community as an advocate in terms of
   peningkatan awareness produk dan layanan;                                   increasing awareness of product and service;
 • Mengembangkan hubungan yang baik dengan pelanggan melalui                 • Developing good relationships with customers through existing digital
   platform digital yang ada seperti Aplikasi Brompit, media sosial, situs     platforms, such as Brompit Application, social media, website, and
   web, dan chatbot Melisha, serta implementasi Customer Relationship          Melisha chatbot, as well as implementing good Customer Relationship
   Management (CRM) yang baik;                                                 Management (CRM);
 • Memastikan aktivitas operasional jaringan berjalan sesuai standar         • Ensuring that network operational activities run according to
   yang berlaku yaitu Network Operational Standard (NOS), sehingga             applicable standards, namely Network Operational Standard (NOS),
   kepuasan dan loyalitas konsumen dapat terus meningkat secara                so that customer satisfaction and loyalty can continue to increase
   konsisten;                                                                  consistently;
 • Meningkatkan kemampuan Honda People, baik secara teknis maupun            • Improving Honda People’s capabilities, both technically and non-
   non teknis yang diperlukan untuk menunjang bisnis;                          technically needed to support the business;
 • Memastikan keberlanjutan jaringan, baik dari aspek finansial yang         • Ensuring network sustainability, both from a stable financial aspect
   stabil maupun kesiapan penerus bisnis;                                      and the readiness of business successors;
 • Mengoptimalisasi penambahan jumlah jaringan di area yang potensial,       • Optimizing the addition of the number of networks in potential areas,
   baik untuk bisnis penjualan maupun layanan purna jual; serta                both for sales and after-sales service businesses; and
 • Memperkuat implementasi ekosistem digital melalui utilisasi platform      • Strengthening the implementation of digital ecosystem through
   digital secara konsisten disertai kemampuan analisa yang tajam              consistent utilization of digital platforms, supported by sharp analytical
   sehingga tercapai keuntungan dan optimalisasi bisnis.                       skills to achieve business benefits and optimization.

                                                                      Asuransi
                                                                     Insurance
 • Potensi kerja sama dengan beberapa bank swasta dan secara                 • Potential cooperation with several private banks and continuously
   berkelanjutan menjajaki kerja sama dengan bank-bank pemerintah;             exploring cooperation with state-owned banks;
 • Meningkatkan kerja sama dengan perusahaan pembiayaan;                     • Increasing cooperation with finance companies;
 • Meningkatkan kerja sama dengan broker dan agen;                           • Increasing cooperation with brokers and agents;
 • Menggiatkan brand awareness kepada masyarakat dengan                      • Activating brand awareness among the public by using social media
   menggunakan media sosial serta mengadakan acara-acara yang                  and holding events that involve the general public, so they become
   melibatkan masyarakat umum, agar menjadi lebih mengenal                     more familiar with MPMInsurance; and
   MPMInsurance; serta
 • Memperkenalkan digital channel, baik WhatsApp Business maupun             • Introducing digital channels, both WhatsApp Business and websites,
   situs web dalam melayani nasabah.                                           to serve customers.

                                                                   Transportasi
                                                                  Transportation
 • Mengoptimalisasi fungsi cabang sebagai profit center dan                  • Optimizing branch functions as profit centers and Key Account
   Key Account Management (KAM) untuk meningkatkan jumlah                      Management (KAM) to increase the number of customers in several
   pelanggan di beberapa sektor yang disasar termasuk distribusi dan           targeted sectors, including distribution and logistics; and
   logistik; serta
 • Meningkatkan aspek efisiensi kerja dan cost saving pada berbagai lini     • Improving aspects of work efficiency and cost savings in various
   bisnis.                                                                     business lines.

                                                                    Pembiayaan
                                                                     Financing
 • Memprioritaskan alokasi Manpower Plan (MPP) untuk mendukung               • Prioritizing Manpower Plan (MPP) allocation to support business
   ekspansi bisnis;                                                            expansion;
 • Melakukan penyederhanaan proses bisnis dan peningkatan                    • Simplifying business processes and increasing productivity through
   produktivitas melalui digitalisasi dan otomatisasi proses;                  digitalization and process automation;




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 • Menerapkan proses analisa dan persetujuan yang lebih prudent          • Implementing a more prudent analysis and approval process
   (prinsip kehati-hatian), melakukan sentralisasi proses persetujuan      (prudence principle), centralizing credit approval process at head office
   kredit di kantor pusat untuk pembiayaan mobil, mengimplementasikan      for car financing, implementing scorecards and using Pefindo data as
   scorecard dan mempergunakan data Pefindo sebagai data pendukung         supporting data in the credit screening process;
   dalam proses credit screening;
 • Memfokuskan pada produk pembiayaan mobil bekas dan terus              • Focusing on used car financing products and continuing to develop
   mengembangkan bisnis produk pembiayaan kendaraan roda dua;              two-wheel vehicle financing product business;
 • Melakukan perluasan jaringan dengan rencana pembukaan 4 kantor        • Expanding network with plans to open 4 marketing offices in Kalimantan
   pemasaran di wilayah Kalimantan dan Jawa Timur, yaitu Batulicin,        and East Java regions, namely Batulicin, Nunukan, Lamongan, and
   Nunukan, Lamongan, dan Bondowoso;                                       Bondowoso;
 • Memperkuat sinergi dan kolaborasi dengan Grup MPM melalui kerja       • Strengthening synergy and collaboration with MPM Group through
   sama dengan MPMInsurance, MPMulia, MPMMotor dan AUKSI;                  cooperation with MPMInsurance, MPMulia, MPMMotor, and AUKSI;
 • Meningkatkan dan mengoptimalisasi pemberian program-program           • Improving and optimizing the provision of privilege programs to
   privilege kepada dealer/showroom; serta                                 dealers/showrooms; and
 • Meningkatkan jumlah diler-diler aktif yang bekerja sama dengan        • Increasing the number of active dealers cooperating with the Company
   Perseroan dan memperluas jaringan supplier baru.                        and expanding the network of new suppliers.




Tinjauan Keuangan
Financial Overview


Laporan Posisi Keuangan Konsolidasian                                      Consolidated Statements of Financial
                                                                           Position
                                                                  (dalam miliar Rupiah, kecuali dinyatakan khusus / in billion Rupiah, unless otherwise specified)


                                                                                       Peningkatan
                                             2023                2022                  (Penurunan)
                  Uraian                                                                                                         Description
                                             (Rp)                (Rp)             Increase (Decrease)
                                                                                          (%)

 Jumlah Aset                                  8.599              8.889                       (3,3)                                               Total Assets
 Aset Lancar                                  3.459              3.645                       (5,1)                                            Current Assets
 Aset Tidak Lancar                            5.140              5.244                       (2,0)                                      Non-Current Assets
 Jumlah Liabilitas                            2.487              2.702                       (8,0)                                           Total Liabilities
 Liabilitas Jangka Pendek                     1.845              1.936                       (4,7)                                         Current Liabilities
 Liabilitas Jangka Panjang                      642               766                       (16,2)                                   Non-Current Liabilities
 Jumlah Ekuitas                               6.112              6.187                       (1,2)                                                Total Equity


Jumlah Aset                                                                Total Assets
Jumlah aset Perseroan di akhir tahun 2023 tercatat sebesar                 The Company’s total assets at the end of 2023 were recorded
Rp8.599 miliar, menurun sebesar 3,3% dibandingkan tahun                    at Rp8,599 billion, a decrease of 3.3% compared to that of the
sebelumnya sebesar Rp8.889 miliar. Penurunan ini terutama dari             previous year of Rp8,889 billion. This decrease was mainly from
penurunan saldo kas dan setara kas, dikarenakan pembayaran                 a decrease in cash and cash equivalents, due to higher payments
ke pemasok lebih tinggi seiring dengan distribusi sepeda motor             to suppliers in line with better distribution of motorcycle and
yang lebih baik dan adanya distribusi dividen di tahun 2023.               dividend distribution in 2023.


Aset Lancar                                                                Current Assets
Pada akhir tahun 2023, Perseroan mencatatkan aset lancar                   At the end of 2023, the Company recorded current assets of
sebesar Rp3.459 miliar, menurun sebesar 5,1% dibandingkan                  Rp3,459 billion, a decrease of 5.1% compared to that of the
tahun sebelumnya sebesar Rp3.645 miliar. Penurunan aset                    previous year of Rp3,645 billion. The decrease in current assets
lancar ini terutama dipengaruhi oleh penurunan saldo kas dan               was mainly affected by a decline in cash and cash equivalents
setara kas serta pos persediaan.                                           and inventories.




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Aset Tidak Lancar                                                       Non-Current Assets
Pada akhir tahun 2023, Perseroan mencatatkan aset tidak lancar          At the end of 2023, the Company recorded non-current assets
sebesar Rp5.140 miliar, menurun sebesar 2,0% dibandingkan tahun         of Rp5,140 billion, a decrease of 2.0% compared to that of the
sebelumnya sebesar Rp5.244 miliar. Penurunan terutama dari              previous year of Rp5,244 billion. The decrease was mainly
penurunan piutang pinjaman yang telah diterima pelunasannya di          from a decrease in loan receivable for which its settlement was
tahun 2023.                                                             received in 2023.


Jumlah Liabilitas                                                       Total Liabilities
Jumlah liabilitas Perseroan di akhir tahun 2023 tercatat sebesar        The Company’s total liabilities at the end of 2023 were recorded
Rp2.487 miliar, menurun sebesar 8,0% dibandingkan tahun                 at Rp2,487 billion, a decrease of 8.0% compared to that of the
sebelumnya sebesar Rp2.702 miliar. Penurunan ini terutama               previous year of Rp2,702 billion. The decrease was mainly
dipengaruhi oleh penurunan utang usaha dan liabilitas opsi jual.        affected by a decrease in trade payables and put option liability.


Liabilitas Jangka Pendek                                                Current Liabilities
Pada akhir tahun 2023, Perseroan mencatatkan liabilitas                 At the end of 2023, the Company recorded current liabilities
jangka pendek sebesar Rp1.845 miliar, menurun sebesar 4,7%              of Rp1,845 billion, a decrease of 4.7% compared to that of the
dibandingkan tahun sebelumnya sebesar Rp1.936 miliar.                   previous year of Rp1,936 billion. The decrease was mainly due
Penurunan terutama dikarenakan pembayaran utang usaha atas              to payments of trade payables for motorcycle unit supply that
pasokan persediaan unit sepeda motor yang membaik di tahun ini.         improved this year.


Liabilitas Jangka Panjang                                               Non-Current Liabilities
Pada akhir tahun 2023, Perseroan mencatatkan liabilitas                 At the end of 2023, the Company recorded non-current liabilities
jangka panjang sebesar Rp642 miliar, menurun sebesar 16,2%              of Rp642 billion, a decrease of 16.2% compared to that of
dibandingkan tahun sebelumnya sebesar Rp766 miliar. Hal                 the previous year of Rp766 billion. This was mainly affected
ini terutama dipengaruhi oleh pelaksanaan opsi jual atas                by a exercise of put option to increase share ownership in
penambahan kepemilikan saham di MPMInsurance.                           MPMInsurance.


Jumlah Ekuitas                                                          Total Equity
Jumlah ekuitas Perseroan di akhir tahun 2023 tercatat sebesar           The Company’s total equity at the end of 2023 was recorded
Rp6.112 miliar, menurun sebesar 1,2% dibandingkan tahun                 at Rp6,112 billion, a decrease of 1.2% compared to that of the
sebelumnya sebesar Rp6.187 miliar.                                      previous year of Rp6,187 billion.



Laporan Laba Rugi dan Penghasilan                                       Consolidated Statements of Profit or
Komprehensif Lain Konsolidasian                                         Loss and Other Comprehensive Income
                                                             (dalam miliar Rupiah, kecuali dinyatakan khusus / in billion Rupiah, unless otherwise specified)

                                                                              Peningkatan
                                            2023           2022               (Penurunan)
                 Uraian                                                                                                   Description
                                            (Rp)           (Rp)          Increase (Decrease)
                                                                                 (%)
 Pendapatan Neto                            13.859         12.743                      8,8                                                 Net Revenues
 Biaya Pokok Pendapatan                     (12.644)     (11.656)                      8,5                                            Cost of Revenues
 Laba Bruto                                  1.215          1.087                    11,8                                                    Gross Profit
 Beban Usaha                                  (894)         (776)                     15,2                                         Operating Expenses
 Pendapatan Lainnya                            178           218                    (18,5)                                                 Other Income
 Beban Lainnya                                  (21)          (4)                   408,4                                               Other Expenses
 Laba Usaha                                    478           525                     (9,0)                                              Operating Profit
 Pendapatan Keuangan Neto                      110             99                     10,4                                         Net Finance Income
 Bagian atas Laba Entitas Asosiasi              46             63                   (26,9)                              Share of Profit of Associates
 Laba Tahun Berjalan                           526           662                    (20,6)                                           Profit for the Year
 Penghasilan Komprehensif Lain, Setelah                                                                                Other Comprehensive Income,
                                                 (5)           26                 (117,0)
 Pajak Penghasilan                                                                                                               Net of Income Tax
 Jumlah Penghasilan Komprehensif               521           688                    (24,2)                             Total Comprehensive Income
 Laba per Saham Dasar                                                                                                        Basic Earnings per Share
                                               120           152                    (21,0)
 (dalam Rupiah penuh)                                                                                                               (in whole Rupiah)
 Laba per Saham dari Operasi yang                                                                        Basic Earnings per Share from Continuing
                                               120           131                     (8,4)
 Dilanjutkan (dalam Rupiah penuh)                                                                                    Operations (in whole Rupiah)




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                                                                                                   Management Discussion and Analysis




Pendapatan Neto                                                      Net Revenues
Pada tahun 2023, Perseroan mencatatkan pendapatan neto               In 2023, the Company recorded net revenues of Rp13,859 billion,
sebesar Rp13.859 miliar, meningkat sebesar 8,8% dibandingkan         an increase of 8.8% compared to that of the previous year of
tahun sebelumnya sebesar Rp12.743 miliar. Peningkatan ini            Rp12,743 billion. The increase was driven by an increase in
disebabkan oleh peningkatan penjualan sepeda motor karena            motorcycle sales due to market conditions and also fulfillment
kondisi pasar dan juga pemenuhan indent dari tahun 2022, karena      of indent from 2022, because of production problems from a
adanya masalah produksi akibat kelangkaan chip semikonduktor.        shortage of semiconductor chips.


Biaya Pokok Pendapatan                                               Cost of Revenues
Pada tahun 2023, Perseroan mencatatkan biaya pokok pendapatan        In 2023, the Company recorded cost of revenues of Rp12,644
sebesar Rp12.644 miliar, meningkat sebesar 8,5% dibandingkan         billion, an increase of 8.5% compared to that of the previous
tahun sebelumnya sebesar Rp11.656 miliar. Peningkatan ini            year of Rp11,656 billion. The increase was mainly driven by an
terutama didorong oleh kenaikan penjualan sepeda motor.              increase in motorcycle sales.


Beban Usaha                                                          Operating Expenses
Beban usaha Perseroan di tahun 2023 tercatat sebesar Rp894           The Company’s operating expenses in 2023 were recorded at
miliar, meningkat sebesar 15,2% dibandingkan tahun sebelumnya        Rp894 billion, an increase of 15.2% compared to that of the
sebesar Rp776 miliar. Peningkatan ini terutama disebabkan oleh       previous year of Rp776 billion. The increase was mainly due
kenaikan pada biaya kompensasi karyawan, transportasi dan            to the increase in employee compensation fees, transportation
penyimpanan, jasa tenaga ahli, iklan dan promosi, serta pelatihan.   and storage, professional fees, advertising and promotion,
                                                                     and training.


Pendapatan Lainnya                                                   Other Income
Pendapatan lainnya yang didapatkan Perseroan di tahun                Other income earned by the Company in 2023 was recorded
2023 tercatat sebesar Rp178 miliar, menurun sebesar 18,5%            at Rp178 billion, a decrease of 18.5% compared to that of the
dibandingkan tahun sebelumnya sebesar Rp218 miliar. Hal              previous year of Rp218 billion. This was due to the recording of
ini terjadi karena pencatatatan keuntungan valuta asing              gain on foreign exchange in 2022.
di tahun 2022.


Beban Lainnya                                                        Other Expenses
Beban lainnya Perseroan di tahun 2023 tercatat sebesar               The Company’s other expenses in 2023 were recorded at
Rp21 miliar, meningkat sebesar 408,4% dibandingkan tahun             Rp21 billion, an increase of 408.4% compared to that of the
sebelumnya sebesar Rp4 miliar. Peningkatan ini terutama              previous year of Rp4 billion. This increase was mainly affected
dipengaruhi oleh pencatatan kerugian valuta asing dan                by the recording of foreign exchange loss and the decrease
penurunan nilai investasi akibat dari penyesuaian harga pasar        in investing value resulting from market price adjustments of
atas portofolio saham yang dtempatkan oleh MPMInsurance.             share portfolio placed by MPMInsurance.


Pendapatan Keuangan Neto                                             Net Finance Income
Pendapatan keuangan neto Perseroan di tahun 2023 tercatat            The Company’s net finance income in 2023 was recorded at
sebesar Rp110 miliar, meningkat sebesar 10,4% dibandingkan           Rp110 billion, an increase of 10.4% compared of that of the
tahun sebelumnya sebesar Rp99 miliar. Hal ini terjadi karena         previous year of Rp99 billion.This happened due to an increase
peningkatan rata-rata suku bunga bank.                               in the average bank interest rate.


Bagian atas Laba Entitas Asosiasi                                    Share of Profit of Associates
Pada tahun 2023, Perseroan mencatatkan bagian atas laba              In 2023, the Company recorded share of profit of associates
Entitas Asosiasi sebesar Rp46 miliar, menurun sebesar                of Rp46 billion, a decrease of 26.9% compared to that of the
26,9% dibandingkan tahun sebelumnya sebesar Rp63 miliar.             previous year of Rp63 billion. The decrease was mainly affected
Penurunan ini terutama dipengaruhi oleh penurunan laba bersih        by a decline in net profit recorded by Associates Companies in
yang dibukukan oleh Entitas Asosiasi bisnis pembiayaan.              financing business.


Laba Tahun Berjalan                                                  Profit for the Year
Pada tahun 2023, Perseroan mencatatkan laba tahun berjalan           In 2023, the Company recorded profit for the year of Rp526
sebesar Rp526 miliar, menurun sebesar 20,6% dibandingkan             billion, a decrease of 20.6% compared to that of the previous
tahun sebelumnya sebesar Rp662 miliar. Penurunan ini                 year of Rp662 billion. The decrease was mainly due to the
terutama disebabkan karena pencatatan keuntungan valuta              recording of gain on foreign exchange and gain on divestment
asing dan keuntungan dari divestasi saham MPMRent di tahun           of MPMRent shares in 2022 and a decrease in share of profits of
2022, serta penurunan bagian atas laba Entitas Asosiasi dari         Associates Companies from financing business in 2023.
bisnis pembiayaan di tahun 2023.



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Penghasilan Komprehensif Lain, Setelah Pajak                            Other Comprehensive Income, Net of Income Tax
Penghasilan
Rugi komprehensif lain setelah pajak penghasilan Perseroan di           The Company’s other comprehensive loss, net of income tax,
tahun 2023 tercatat sebesar Rp5 miliar, menurun sebesar 117,0%          in 2023 was recorded at Rp5 billion, decreased by 117.0%
dibandingkan tahun sebelumnya yang mencatatkan penghasilan              compared to that of the previous year with income of Rp26
sebesar Rp26 miliar. Penurunan ini khususnya disebabkan oleh            billion. The decrease was primarily due to changes in fair value
perubahan nilai wajar aset neto dari lindung nilai atas arus kas        net assets of cash flows hedges from financing business of the
dari Entitas Asosiasi bisnis pembiayaan.                                Associates Companies.


Jumlah Penghasilan Komprehensif                                         Total Comprehensive Income
Pada tahun 2023, Perseroan mencatatkan jumlah penghasilan               In 2023, the Company recorded total comprehensive income
komprehensif sebesar Rp521 miliar, menurun sebesar 24,2%                of Rp521 billion, a decrease of 24.2% compared to that of the
dibandingkan tahun sebelumnya sebesar Rp688 miliar.                     previous year of Rp688 billion.



Laporan Arus Kas Konsolidasian                                          Consolidated Statements of Cash Flows
                                                               (dalam miliar Rupiah, kecuali dinyatakan khusus / in billion Rupiah, unless otherwise specified)

                                                                                    Peningkatan
                                             2023             2022                  (Penurunan)
                Uraian                                                                                                        Description
                                             (Rp)             (Rp)             Increase (Decrease)
                                                                                       (%)

 Kas Neto dari Aktivitas Operasi              373              745                        (49,9)                   Net Cash from Operating Activities
 Kas Neto (digunakan untuk) dari                                                                                                      Net Cash (used in)
                                              (57)                 90                   (164,0)
 Aktivitas Investasi                                                                                                            from Investing Activities
 Kas Neto digunakan untuk Aktivitas
                                             (597)             (731)                      (18,3)                Net Cash used in Financing Activities
 Pendanaan


Kas Neto dari Aktivitas Operasi                                         Net Cash from Operating Activities
Pada tahun 2023, Perseroan mencatatkan kas neto dari                    In 2023, the Company recorded net cash from operating
aktivitas operasi sebesar Rp373 miliar, menurun sebesar                 activities of Rp373 billion, a decrease of 49.9% compared to that
49,9% dibandingkan tahun sebelumnya sebesar Rp745 miliar.               of the previous year of Rp745 billion. The decrease was mainly
Penurunan ini terutama dipengaruhi oleh kenaikan pembayaran             affected by an increase in payments to suppliers.
kepada pemasok.


Kas Neto (digunakan untuk) dari Aktivitas                               Net Cash (used in) from Investing Activities
Investasi
Kas neto digunakan untuk aktivitas investasi Perseroan di akhir         Net cash used in the Company’s investing activities at the end of
tahun 2023 tercatat sebesar Rp57 miliar. Sedangkan pada tahun           2023 was recorded at Rp57 billion. While, in 2022, the Company
2022, Perseroan mencatatkan kas neto dari aktivitas investasi           recorded net cash from investing activities of Rp90 billion. This
sebesar Rp90 miliar. Penurunan ini disebabkan oleh penerimaan           decrease was caused by proceeds from disposal of Subsidiary
dari pelepasan Entitas Anak di tahun 2022.                              in 2022.


Kas Neto digunakan untuk Aktivitas Pendanaan                            Net Cash used in Financing Activities
Kas neto digunakan untuk aktivitas pendanaan Perseroan di               The Company’s net cash used in financing activities at the end
akhir tahun 2023 tercatat sebesar Rp597 miliar, menurun sebesar         of 2023 was recorded at Rp597 billion, a decrease of 18.3%
18,3% dibandingkan tahun sebelumnya sebesar Rp731 miliar. Hal           compared to that of the previous year of Rp731 billion. It was due
tersebut disebabkan oleh pembayaran dividen yang lebih rendah.          to lower dividend payments.



Rasio Profitabilitas                                                    Profitability Ratio

Kemampuan Perseroan dalam menghasilkan laba selama periode              The Company’s ability to earn profit during a certain period and
tertentu serta memberikan gambaran mengenai tingkat efektivitas         provide an overview of the level of management effectiveness
manajemen dalam pelaksanaan kegiatan operasi dilakukan                  in performing operational activities is measured through
melalui perhitungan rasio profitabilitas. Rasio profitabilitas          profitability ratio. The Company’s profitability ratio in the last
Perseroan dalam 2 tahun terakhir diuraikan sebagai berikut:             2 years is described as follows:




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                                                                                                                            (dalam % / in %)


                       Uraian                         2023           2022                              Description

 Margin Laba Bruto                                     8,8             8,5                                           Gross Profit Margin
 Margin Laba Usaha                                     3,4             4,1                                       Operating Profit Margin
 Margin Laba Tahun Berjalan                            3,8             5,2                                     Profit for the Year Margin
 Rasio Laba Tahun Berjalan terhadap Jumlah Aset        6,0             7,1                                             Return on Assets
 Rasio Laba Tahun Berjalan terhadap Jumlah Ekuitas     8,5            10,6                                              Return on Equity


Rasio profitabilitas Perseroan sepanjang tahun 2023 mengalami     The Company’s profitability ratio throughout 2023 experienced a
penurunan dibandingkan tahun sebelumnya. Hal ini dikarenakan      decrease compared to that of the previous year. This was due to
penurunan laba bersih yang dibukukan terutama yang disebabkan     the decrease in recorded net profit, mainly due to the recording
oleh pencatatan keuntungan valuta asing dan keuntungan dari       of gain on foreign exchange and gain on the divestment of
divestasi saham MPMRent di tahun 2022, serta penurunan            MPMRent shares in 2022, and a decrease in the share of profits
bagian atas laba Entitas Asosiasi dari bisnis pembiayaan.         of Associates Companies in financing business.



Kemampuan Membayar Utang                                          Debt Service Ability

Dalam memenuhi seluruh kewajiban Perseroan, baik jangka pendek    Fulfillment of all of the Company’s obligations, both short-
maupun jangka panjang dapat diukur melalui rasio likuiditas dan   term and long-term, can be measured through liquidity ratio
rasio solvabilitas. Rasio likuiditas digunakan untuk mengukur     and solvency ratio. The liquidity ratio is used to measure the
kemampuan Perseroan dalam melunasi kewajiban jangka               Company’s ability to pay off short-term obligations, while the
pendek, sedangkan rasio solvabilitas digunakan untuk mengukur     solvency ratio is used to measure the Company’s ability to pay
kemampuan Perseroan dalam melunasi seluruh utangnya dengan        off all of its debts using its entire assets or capital.
menggunakan seluruh aset atau modal Perseroan.

                                                                                                                             (dalam x / in x)


                       Uraian                         2023           2022                              Description

 Rasio Likuiditas                                                                                                        Liquidity Ratios
 Rasio Kas                                             0,9              1,0                                                   Cash Ratio
 Rasio Lancar                                          1,9              1,9                                                Current Ratio
 Rasio Solvabilitas                                                                                                     Solvency Ratios
 Rasio Liabilitas terhadap Jumlah Aset                 0,3              0,3                              Liabilities to Total Assets Ratio
 Rasio Liabilitas terhadap Jumlah Ekuitas              0,4              0,4                              Liabilities to Total Equity Ratio




Rasio Likuiditas                                                  Liquidity Ratio
Per 31 Desember 2023, realisasi rasio kas Perseroan sebesar       As of December 31, 2023, the Company’s realized cash ratio was
0,9x, menurun dari tahun 2022 sebesar 1,0x. Rasio lancar          0.9x, a decrease from 1.0x in 2022. The Company’s current ratio
Perseroan di tahun 2023 dan 2022 stabil sebesar 1,9x. Kondisi     in 2023 and 2022 was stable at 1.9x. Such condition showed
tersebut menunjukkan bahwa Perseroan mampu memenuhi               that the Company managed to fulfill its short-term obligations
kewajiban jangka pendek dengan baik di tahun 2023.                properly in 2023.


Rasio Solvabilitas                                                Solvency Ratio
Pada tahun 2023 dan 2022, rasio jumlah liabilitas terhadap        In 2023 and 2022, the total liabilities to total assets ratio was
jumlah aset tercatat sebesar 0,3x. Sedangkan, rasio jumlah        recorded at 0.3x. While, the total liabilities to total equity ratio in
liabilitas terhadap jumlah ekuitas tahun 2023 dan 2022 sebesar    2023 and 2022 was 0.4x. This ratio showed that the Company’s
0,4x. Rasio tersebut menunjukkan kemampuan Perseroan untuk        ability to fulfill its long-term obligations was still proper in 2023.
memenuhi kewajiban jangka panjang masih baik di tahun 2023.




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 Tingkat Kolektibilitas Piutang                                        Receivables Turnover Ratio

 Tingkat kolektibilitas piutang Perseroan menggambarkan                The Company’s receivables turnover ratio describes the
 seberapa efektif Perseroan mengelola tagihan-tagihan kepada           Company’s effectiveness in managing claims to third parties, as
 pihak ketiga, sebagaimana tercermin dari umur piutang atau            reflected by the receivables age or the time period of receivables
 jangka waktu pencairan piutang. Semakin kecil nilai rasio lama        disbursement. The smaller the value of the collection period, the
 penagihan menunjukkan kemampuan perusahaan dalam                      faster the Company’s ability to collect receivables.
 mengumpulkan piutang semakin cepat.

                                                                                                                                          (dalam hari / In day)


                        Uraian                        2023                  2022                                     Description

  Piutang                                               5,0                    5,1                                                             Receivables
  Persediaan                                            9,3                    8,1                                                              Inventories
  Utang                                                12,9                  13,9                                                                 Payables




 Struktur Modal dan Kebijakan Permodalan                               Capital Structure and Capital Policy

 Hingga akhir tahun 2023, Perseroan belum menetapkan                   Up until the end of 2023, the Company did not establish any
 kebijakan khusus terkait struktur permodalan. Namun, Perseroan        specific policies on capital structure. However, the Company
 mengikuti ketentuan dalam Peraturan Kementerian Keuangan              follows the provisions in the Regulation of Minister of Finance
 No. 169/PMK.010/2015, di mana rasio utang terhadap ekuitas            No. 169/PMK.010/2015, in which the maximum ratio of debt to
 maksimum yang diperbolehkan untuk tujuan pajak adalah 4:1.            equity allowed for tax purposes is 4:1.


 Perseroan terus berupaya menyusun pendanaan dengan                    The Company strives to manage its funding carefully as a step to
 seksama sebagai langkah mengurangi beban modal dan                    reduce the cost of capital and carry out business development
 melakukan pengembangan bisnis secara fleksibel. Perseroan             in a flexible manner. The Company makes efforts to provide
 melakukan upaya tersebut guna memberikan imbal hasil                  returns to Shareholders and wider benefits to stakeholders.
 kepada Pemegang Saham dan manfaat yang lebih luas kepada
 pemangku kepentingan.

                                                               (dalam miliar Rupiah, kecuali dinyatakan khusus / in billion Rupiah, unless otherwise specified)


                        Uraian                        2023                  2022                                     Description

  Jumlah Liabilitas                                    2.487                2.702                                                          Total Liabilities
  Jumlah Ekuitas                                       6.112                6.187                                                              Total Equity
  Jumlah Liabilitas dan Ekuitas                        8.599                8.889                                            Total Liabilities and Equity
  Persentase Jumlah Liabilitas terhadap                                                                              Percentage of Total Liabilities to
                                                        28,9                  30,4
  Jumlah Liabilitas dan Ekuitas (%)                                                                                    Total Liabilities and Equity (%)
  Persentase Jumlah Ekuitas terhadap                                                                                     Percentage of Total Equity to
                                                        71,1                  69,6
  Jumlah Liabilitas dan Ekuitas (%)                                                                                     Total Liabilities and Equity (%)




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

 Sepanjang tahun 2023, Perseroan tidak memiliki ikatan                 Throughout 2023, the Company has no material commitments
 material untuk investasi barang modal selain yang sudah               for capital goods investment other than those already reported
 dilaporkan dalam Laporan Keuangan Konsolidasian. Seluruh              in Consolidated Financial Statements. All capital goods
 aktivitas investasi barang modal menggunakan anggaran yang            investments were made by using the budget that had been
 telah dialokasikan oleh Perseroan. Selain itu, mata uang yang         allocated by the Company. Furthermore, the currency used as
 menjadi denominasi adalah Rupiah, sehingga investasi ini tidak        denomination was Rupiah, so the investment did not pose the
 menimbulkan risiko terkait perubahan nilai tukar.                     risks related to exchange rate fluctuation.




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                                                                                                    Analisis Dan Pembahasan Manajemen
                                                                                                     Management Discussion and Analysis




Realisasi Investasi Barang Modal                                     Realization of Capital Goods Investment

Realisasi investasi barang modal merupakan pembelian                 The capital goods investment realization is the purchase or
atau peningkatan aset tetap untuk mendukung kegiatan                 increase of fixed assets to support operational activities. The
operasional. Investasi barang modal Perseroan pada tahun             Company’s capital goods investments in 2023 and 2022 are
2023 dan 2022 sebagai berikut:                                       as follows:

                                                                                                        (dalam jutaan Rupiah / in million Rupiah)


                        Uraian                           2023           2022                            Description

 Bangunan                                                   656          2.591                                                      Buildings
 Kendaraan                                                4.469        255.407                                                       Vehicles
 Peralatan Kantor                                        32.207         24.480                                             Office Equipment
 Sarana dan Prasarana                                       981            391                               Facilities and Infrastructures
 Aset dalam Pembangunan                                  83.640         26.243                                 Assets under Construction
 Jumlah                                                121.953         309.112                                                           Total




Informasi dan Fakta Material Setelah                                 Material Information and Facts After
Tanggal Pelaporan                                                    Reporting Date

Tidak terdapat informasi dan fakta material setelah tanggal          There were no material information and facts subsequent to
pelaporan selain yang telah dilaporkan dalam Catatan atas            the reporting date other than those reported in the Notes to the
Laporan Keuangan Konsolidasian.                                      Consolidated Financial Statements.



Prospek Usaha                                                        Business Outlook

Bank Indonesia memprakirakan pertumbuhan ekonomi global              Bank Indonesia predicts the global economic growth to continue
akan terus melambat menjadi 2,8% di tahun 2024. Hal tersebut         to slow by 2.8% in 2024. This is caused by the global economic
disebabkan oleh ketidakpastian ekonomi dan keuangan global           and financial uncertainty that increase along with the increasing
semakin tinggi dengan meningkatnya ketegangan geopolitik.            geopolitical tensions. In contrast to global economic projections,
Berbeda dengan proyeksi ekonomi global, Bank Indonesia               Bank Indonesia predicts that Indonesia’s economic growth in
memprakirakan pertumbuhan ekonomi Indonesia pada tahun               2024 will continue to improve, supported by domestic demand
2024 terus membaik ditopang oleh permintaan domestik                 that increases in a range of 4.7%-5.5%, while inflation is predicted
yang meningkat pada kisaran 4,7%-5,5%, sementara inflasi             to remain under control at a target range of 2.5±1%. The
diprakirakan tetap terkendali pada kisaran sasaran 2,5±1%.           continued improvement of Indonesia’s economy in 2024 will be
Berlanjutnya perbaikan ekonomi Indonesia pada tahun 2024             mainly driven by domestic demand in line with the salary increase
terutama didorong oleh permintaan domestik sejalan dengan            for State Civil Servants (ASN), the elections, and the development
kenaikan gaji Aparatur Sipil Negara (ASN), penyelenggaraan           of Indonesian Capital City (IKN).
pemilu, dan pembangunan Ibu Kota Nusantara (IKN).


Sementara peluang di industri penjualan mobil dan motor,             Meanwhile, the Company sees opportunities in car and
Perseroan melihat potensi pasar yang menjanjikan. Bercermin          motorcycle sales industry as promising market potential.
dari pencapain target penjualan motor nasional di tahun 2023,        Reflecting on achieving the national motorcycle sales target in
AISI menargetkan penjualan motor pada kisaran 6,2-6,5 juta           2023, AISI targets motorcycle sales in a range of 6.2-6.5 million
unit di tahun 2024. Target tersebut dilandasi oleh ekspektasi        units in 2024. This target is based on expectations that the 2024
penyelenggraan pemilu 2024 yang berjalan lancar dan suku             elections will run smooth and that global benchmark interest rates
bunga acuan global yang berpeluang turun sehingga daya               are likely to fall, and thus, people’s purchasing power is predicted
beli masyarakat diprediksi stabil dan permintaan motor               to be stable and motorcycle demand in Indonesia will grow
di Indonesia tumbuh positif di sepanjang tahun 2024. Di sisi lain,   positively throughout 2024. On the other hand, GAIKINDO projects
GAIKINDO memproyeksikan penjualan mobil nasional mencapai            national car sales to reach 1.1 million units in 2024 with Multi
1,1 juta unit di tahun 2024 dengan segmen kendaraan kelompok         Low Purposes (MPV) vehicle segment, especially LMPV and Low
Multi Low Purposes (MPV), khususnya LMPV dan Low Cost Green          Cost Green Car (LCGC) will still dominate the sales in Indonesia.
Car (LCGC) masih akan mendominasi penjualan di Indonesia.            However, the national automotive industry is overshadowed by




                                                                                                 PT Mitra Pinasthika Mustika Tbk
                                                                                             Laporan Tahunan 2023 Annual Report               101
Page 104
 Namun demikian, industri otomotif nasional dibayangi oleh                                   a number of business challenges that manufacturers should be
 sejumlah tantangan bisnis yang patut diwaspadai oleh para                                   aware of throughout 2024. One challenge is the new rules on
 produsen sepanjang 2024. Salah satu tantangan adalah aturan                                 taxes. Recently, DKI Jakarta Regional Government increased the
 baru tentang pajak. Belum lama ini, Pemerintah Daerah DKI                                   progressive motor vehicle tax rate for second ownership and
 Jakarta menaikkan tarif pajak progresif kendaraan bermotor                                  subsequent ownership by 0.5%. Furthermore, the government
 untuk kepemilikan kedua dan seterusnya sebesar 0,5%. Selain                                 also planned to increase the tax rate for motor vehicles based
 itu, pemerintah juga berwacana akan menaikkan tarif pajak                                   on fuel oil (BBM) engines. This increase in tax rates aims to
 kendaraan bermotor berbasis mesin Bahan Bakar Minyak (BBM).                                 encourage the use of electric vehicles and divert fuel subsidies
 Kenaikan tarif pajak ini bertujuan untuk mendorong penggunaan                               to public transportation such as Light Rail Transit (LRT) and high-
 kendaraan listrik dan mengalihkan subsidi BBM ke transportasi                               speed trains.
 umum seperti Light Rail Transit (LRT) dan kereta api cepat.


 Untuk memanfaatkan prospek di tahun 2024 secara optimal,                                    To optimally utilize prospects in 2024, the Company has
 Perseroan telah menetapkan strategi pemasaran sehingga dapat                                established marketing strategies in order to contribute more
 berkontribusi secara lebih komprehensif untuk mendukung                                     comprehensively to support the achievement of this target.
 pencapaian target tersebut.

 Sumber:                                                                                     Sources:
 • Bank Indonesia – Laporan Perekonomian Indonesia 2023;                                     • Bank Indonesia – Indonesia Economic Report 2023;
 • Kontan.co.id - AISI Prediksi Penjualan Sepeda Motor Nasional Mencapai 6,5 Juta            • Kontan.co.id - AISI Predicts National Motorcycle Sales to Reach 6.5 Million Units
   Unit pada 2024, 27 Desember 2023;                                                           in 2024, December 27, 2023;
 • Kompas.com - Tren Positif, Gaikindo Yakin Penjualan Mobil 2024 Tetap 1 Juta               • Kompas.com - Positive Trend, Gaikindo Believes Car Sales in 2024 Will Remain at
   Unit, 4 Januari 2024; serta                                                                 1 Million Units, January 4, 2024; and
 • GAIKINDO - Industri Otomotif Waspadai sejumlah Tantangan di Tahun 2024.                   • GAIKINDO - Automotive Industry Bewares of a Number of Challenges in 2024.




 Perbandingan Target dan Realisasi Tahun                                                     Comparison of Target and Realization in
 2023                                                                                        2023
                                                                                (dalam miliar Rupiah, kecuali dinyatakan khusus / in billion Rupiah, unless otherwise specified)

                                            Realisasi 2023                   Target 2023                   Pencapaian Target
               Uraian                      2023 Realization                  2023 Target                  Target Achievements                       Description
                                                 (Rp)                            (Rp)                             (%)

  Pendapatan Neto                                 13.859                            15.135                            91,6                                    Net Revenues
  Laba Bruto                                       1.215                             1.268                            95,8                                       Gross Profit
  Laba Tahun Berjalan                                526                              524                            100,3                                Profit for the Year
  Jumlah Ekuitas                                   6.112                             6.598                            92,6                                       Total Equity




 Proyeksi Tahun 2024                                                                         Projections for 2024

 Dengan     mempertimbangkan          kondisi  ekonomi  tahun                                With due observance of the economic conditions in the previous
 sebelumnya, baik dari segi makro maupun mikro, Perseroan                                    year, both from macro and micro perspectives, the Company is
 menargetkan kenaikan pendapatan secara organik sebesar                                      targeting an organic increase in revenue of 5%-10% and profit
 5%-10% dan laba sebesar 2%-3% dari pendapatan untuk tahun                                   of 2%-3% from revenue for 2024. However, such targets will be
 2024. Namun, target tersebut akan disesuaikan dengan potensi                                adjusted to the potential for improvement in the macroeconomic
 perbaikan situasi ekonomi makro, sementara Perseroan akan                                   situation, while the Company will strive to make utmost effort to
 tetap berupaya semaksimal mungkin untuk pulih kembali seperti                               recover to its pre-pandemic condition and maintain profitability
 sebelum pandemi dan menjaga profitabilitas dengan laba tahun                                with profit for the year remains positive in the coming year.
 berjalan yang tetap positif di tahun mendatang.



 Kebijakan dan Pembagian Dividen                                                             Dividend Policy and Distribution

 Kebijakan Dividen                                                                           Dividend Policy
 Kebijakan dividen Perseroan mengacu pada Undang-Undang                                      The Company’s dividend policy refers to Limited Liability Law,
 Perseroan Terbatas, dengan pembagian dividen disetujui dalam                                where dividend distribution shall be approved at the GMS based
 RUPS berdasarkan rekomendasi Direksi. Berdasarkan ketentuan                                 on the recommendation from the Board of Directors. Based
 tersebut, Perseroan menyisihkan sebagian laba bersih untuk                                  on that provision, the Company allocates a portion of its net
 cadangan apabila Perseroan memperoleh saldo laba positif.                                   profit for reserve whenever the Company generates positive



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                                                                                                   Analisis Dan Pembahasan Manajemen
                                                                                                   Management Discussion and Analysis




Perseroan juga dapat membagikan dividen kas interim selama          retained earnings. The Company can also distribute interim cash
dividen interim tersebut tidak menyebabkan nilai aset bersih        dividends as long as it does not cause the Company’s net asset
Perseroan menjadi lebih kecil dari modal ditempatkan dan            value to be lower than the issued and paid-up capital by paying
disetor dengan memperhatikan ketentuan mengenai penyisihan          attention to the provisions for mandatory reserves as required.
cadangan wajib sebagaimana yang dipersyaratkan. Perseroan           The Company targets a ratio of final cash dividend payments per
menargetkan rasio pembayaran dividen final tunai per tahun          annum of 40% of net profit after tax.
sebesar 40% dari laba bersih setelah pajak.


Pembagian Dividen                                                   Dividend Distribution
Selama 2 tahun terakhir, pembagian dividen yang dilakukan           Over the last 2 years, the dividend distribution made by the
Perseroan diuraikan sebagai berikut:                                Company is described as follows:


                                              Tahun Buku 2022            Tahun Buku 2021
                  Uraian                                                                                      Description
                                              2022 Fiscal Year           2021 Fiscal Year

                                                                                                                 Distributed Dividends
 Dividen yang Dibagikan (miliar Rupiah)                   589                        784
                                                                                                                        (billion Rupiah)
                                                                                                              Basic Dividend per Share
 Dividen per Saham Dasar (Rupiah penuh)                   135                        180
                                                                                                                        (whole Rupiah)
 Dividend Payout Ratio (%)                               89,1                      190,3                     Dividend Payout Ratio (%)
                                                 23 Juni 2023               17 Juni 2022
 Tanggal Pembayaran Dividen                                                                                    Dividend Payment Date
                                                June 23, 2023              June 17, 2022




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

Aksi korporasi Perseroan telah dilaksanakan di tahun 2013 terkait   The Company’s corporate action was taken in 2013 pertaining
Penawaran Umum Perdana Saham. Dana hasil penawaran umum             to the Initial Public Offering. The public offering proceeds were
tersebut telah digunakan sepenuhnya di tahun 2015 dan telah         fully used in 2015 and stated in the Annual Report of that year.
disampaikan dalam Laporan Tahunan tahun tersebut. Dengan            Therefore, the Company does not have any information and
demikian, Perseroan tidak memiliki informasi dan kewajiban          obligation to report the use of public offering proceeds this year.
pelaporan penggunaan dana hasil penawaran umum.



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

Sepanjang tahun 2023, Perseroan tidak melakukan kegiatan            Throughout 2023, the Company did not conduct any investment,
investasi, ekspansi, divestasi, penggabungan/peleburan usaha,       expansion,     divestment,    business    merger/consolidation,
akuisisi, atau restrukturisasi utang/modal selain yang telah        acquisition, or debt/capital restructuring other than those
disajikan dalam Catatan atas Laporan Keuangan Konsolidasian.        presented in the Notes to the Consolidated Financial Statements.




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

Sepanjang tahun 2023, Perseroan tidak melakukan transaksi           Throughout 2023, the Company did not make any transactions
yang mengandung benturan kepentingan.                               containing conflict of interests.




                                                                                               PT Mitra Pinasthika Mustika Tbk
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Page 106
 Informasi Transaksi dengan Pihak                                 Information of Transaction with Related
 Berelasi (Transaksi Afiliasi)                                    Parties (Affiliated Transactions)

 Pada tahun 2023, PT Mitra Pinasthika Mulia, salah satu Entitas   In 2023, PT Mitra Pinasthika Mulia, one of the Company’s
 Anak Perseroan melakukan transaksi afiliasi berupa sewa          Subsidiaries, entered into an affiliated transaction in leasing
 menyewa tanah dan bangunan dengan PT Mitra Pertama Mulia         land and buildings with PT Mitra Pertama Mulia, a Subsidiary of
 yang merupakan Entitas Anak dari PT Mitra Pinasthika Mulia.      PT Mitra Pinasthika Mulia. Its transaction value was
 Nilai transaksi adalah sebesar Rp575.040.000. Berdasarkan        Rp575,040,000. Based on Article 6 of Financial Services Authority
 Pasal 6 Peraturan Otoritas Jasa Keuangan No. 42/POJK.04/2020     Regulation No. 42/POJK.04/2020 on Affiliated Transactions
 tentang Transaksi Afiliasi dan Transaksi Benturan Kepentingan,   and Conflict of Interest Transactions, affiliated transactions are
 transaksi afiliasi tersebut merupakan transaksi yang hanya       transactions that are only required to be reported to the Financial
 diwajibkan untuk dilaporkan kepada Otoritas Jasa Keuangan.       Services Authority. The Company has reported such transaction
 Perseroan telah melaporkan transaksi tersebut kepada Otoritas    to the Financial Services Authority.
 Jasa Keuangan.


 Seluruh transaksi dilakukan secara wajar dan sesuai dengan       All transactions are conducted fairly and in accordance with
 praktik bisnis yang berlaku umum (arms lenght), serta sesuai     generally accepted business practices (arms length), and
 dengan Peraturan Otoritas Jasa Keuangan No. 42/POJK.04/2020      in accordance with Financial Services Authority Regulation
 tentang Transaksi Afiliasi dan Benturan Kepentingan. Transaksi   No. 42/POJK.04/2020 on Affiliated Transactions and Conflicts
 yang dilakukan sepanjang tahun 2023 adalah atas dasar            of Interest. Transactions made throughout 2023 were based on
 kebutuhan perusahaan dan tidak terdapat benturan kepentingan.    the company needs and there were no conflicts of interest.



 Perubahan Peraturan Perundang-                                   Amendments to Laws and Regulations
 Undangan yang Berdampak Signifikan                               with Significant Impacts on the Company
 pada Perseroan

 Selama tahun 2023, tidak terdapat perubahan peraturan            Throughout 2023, there were no amendments to laws and
 perundang-undangan yang berdampak signifikan terhadap            regulations that bring significant impact on the Company.
 Perseroan.


 Perubahan Kebijakan Akuntansi                                    Changes to Accounting Policies

 Sepanjang tahun 2023, tidak terdapat perubahan kebijakan         Throughout 2023, there were no changes to the accounting
 akuntansi yang berdampak signifikan terhadap Laporan             policies that created a significant impact on the Company’s
 Keuangan Konsolidasian Perseroan.                                Consolidated Financial Statements.




        PT Mitra Pinasthika Mustika Tbk
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    PT Mitra Pinasthika Mustika Tbk
Laporan Tahunan 2023 Annual Report    105
Page 108
 TATA KELOLA
 PERUSAHAAN
 Good Corporate Governance




      PT Mitra Pinasthika Mustika Tbk
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                                                                                                                             Tata Kelola Perusahaan
                                                                                                                        Good Corporate Governance




Implementasi Prinsip GCG
Implementation of GCG Principles




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


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


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


 Perilaku Beretika   Penerapan di Perseroan :                                      Implementation in the Company :
                     Penerapan prinsip ini dilakukan melalui pemberlakuan          This principle is implemented by applying the Company’s
  Ethical Conduct
                     Pedoman Perilaku dan Budaya Perusahaan kepada seluruh         Code of Conduct and Culture to all Company personnel, with
                     insan Perseroan, tanpa terkecuali, menegakkan hak asasi       no exception, upholding human rights in the operational
                     manusia di lingkungan operasional, serta menerapkan           environment, and applying Company Regulations to create and
                     Peraturan Perusahaan guna menciptakan dan membangun           build safe and conducive work environment conditions for all
                     kondisi lingkungan kerja yang aman dan kondusif bagi          Company personnel.
                     seluruh insan Perseroan.




                                                                                                         PT Mitra Pinasthika Mustika Tbk
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Page 110
                        Penjelasan :                                                  Explanation :
                        Perseroan dapat mempertanggungjawabkan kinerjanya             The Company is accountable for its performance in a
                        secara transparan dan wajar. Untuk itu Perseroan              transparent and fair manner. For this reason, the Company
                        harus dikelola secara benar, terukur dan sesuai dengan        must be managed properly, measurably, and in accordance
                        kepentingan korporat dengan tetap memperhitungkan             with corporate’ interests while still considering the interests
                        kepentingan Pemegang Saham dan pemangku kepentingan.          of Shareholders and stakeholders. Accountability is the
                        Akuntabilitas merupakan prasyarat yang diperlukan untuk       prerequisite needed to achieve the sustainable performance.
                        mencapai kinerja yang berkelanjutan.

                        Penerapan di Perseroan :                                      Implementation in the Company :
      Akuntabilitas     Pembagian fungsi yang jelas antar organ Perseroan,            Clear division of functions of the Company’s organs, including
                        termasuk penyusunan pedoman untuk Dewan Komisaris,            the preparation of guidelines for the Board of Commissioners,
      Accountability
                        Direksi, dan komite-komite penunjang Dewan Komisaris.         Board of Directors, and the Board of Commissioners’
                        Selain itu, Perseroan selalu berpegang pada prinsip kehati-   supporting committees. In addition, the Company always
                        hatian dan kepatuhan terhadap peraturan perundang-            adheres to prudence principle and compliance with applicable
                        undangan yang berlaku dalam menerapkan sistem                 laws and regulations in carrying out the Company’s internal
                        pengendalian internal dan manajemen risiko Perseroan.         control and risk management system.
                        Penjelasan :                                                  Explanation :
                        Untuk menjaga objektivitas dalam menjalankan bisnis,          To maintain objectivity in conducting business, the Company
                        Perseroan menyediakan informasi yang material dan             provides relevant material information that is easily accessible
                        relevan dengan cara yang mudah diakses dan dipahami oleh      and understood by the stakeholders. The Company takes
                        pemangku kepentingan. Perseroan mengambil inisiatif untuk     the initiative to disclose not only issues required by laws and
                        mengungkapkan tidak hanya masalah yang disyaratkan oleh       regulations, but also important matters for decision making by
                        peraturan perundang-undangan, tetapi juga hal yang penting    Shareholders, creditors, and other stakeholders.
                        untuk pengambilan keputusan oleh Pemegang Saham,
                        kreditur dan pemangku kepentingan lainnya.

                        Penerapan di Perseroan :                                      Implementation in the Company :
      Transparansi      Perseroan mengungkapkan informasi material dan relevan        The Company discloses material and relevant information in
      Transparency      sesuai dengan peraturan perundang-undangan yang               accordance with the applicable laws and regulations, including
                        berlaku termasuk tetapi tidak terbatas pada hal-hal penting   but not limited to important matters considered to influence
                        yang dinilai dapat memengaruhi pengambilan keputusan          stakeholders decision making, through the Indonesia Stock
                        pemangku kepentingan, yaitu melalui situs web Bursa           Exchange website (www.idx.co.id) and the Company website
                        Efek Indonesia (www.idx.co.id) dan situs web Perseroan        (www.mpmgroup.co.id).
                        (www.mpmgroup.co.id).
                        Penjelasan :                                                  Explanation :
                        Perseroan mematuhi peraturan perundang-undangan serta         The Company complies with the laws and regulations
                        berkomitmen melaksanakan tanggung jawab terhadap              and committed to carrying out its responsibilities towards
                        masyarakat dan lingkungan agar berkontribusi pada             community and environment in order to contribute to
                        pembangunan berkelanjutan melalui kerja sama dengan           sustainable development by working with all relevant
                        semua pemangku kepentingan terkait untuk meningkatkan         stakeholders to improve their lives, aligned with the business
                        kehidupan mereka dengan cara yang selaras dengan              interests and the sustainable development agenda.
                        kepentingan bisnis dan agenda pembangunan berkelanjutan.

                        Penerapan di Perseroan :                                      Implementation in the Company :
      Keberlanjutan     Perseroan melaksanakan kegiatan usaha dengan tetap            The Company carries out business activities with due
                        memperhatikan kondisi sosial dan lingkungan hidup, di         observance to the social and environmental conditions where
      Sustainability
                        mana Perseroan dan Entitas Anak beroperasi. Perseroan         the Company and Subsidiaries operate. The Company also
                        juga senantiasa melaksanakan program tanggung jawab           continues to implement social and environmental responsibility
                        sosial dan lingkungan hidup secara berkelanjutan sehingga     programs in a sustainable manner so that the Company’s
                        keberadaan Perseroan dapat memberikan manfaat untuk           existence can provide benefits to all stakeholders.
                        seluruh pemangku kepentingan.




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                                                                                                             Tata Kelola Perusahaan
                                                                                                        Good Corporate Governance




Peta Arah GCG
GCG Roadmap



 1987                            Pemenuhan terhadap Undang-Undang Perseroan Terbatas dalam hal pengelolaan dan
 Pendirian Perusahaan            pengawasan Perseroan.
 Establishment of the            Fulfillment of Limited Liability Company Law in terms of the Company’s management and
 Company                         supervision.




                                 •   Penunjukan Dewan Komisaris dan Direksi termasuk Komisaris Independen dan Direktur Independen;
                                 •   Pembentukan Komite Audit;
                                 •   Pembentukan Komite Nominasi dan Remunerasi;
 2013                            •   Pembentukan Komite GCG; serta
 Melakukan Pencatatan            •   Penunjukan Kepala Unit Audit Internal.
 Saham Perdana                   • Appointment of Board of Commissioners and Board of Directors, including Independent
 Issuing Initial Public            Commissioners and Independent Directors;
 Offering (IPO)                  • Establishment of Audit Committee;
                                 • Establishment of Nomination and Remuneration Committee;
                                 • Establishment of GCG Committee; and
                                 • Appointment of Internal Audit Unit Head.



                                 • Penggunaan situs web resmi secara maksimal sebagai media transparansi kepada Pemegang
                                   Saham dan pemangku kepentingan;
                                 • Penyempurnaan kebijakan terkait GCG;
                                 • Penyusunan dan penyempurnaan Corporate Policy Manual; serta
 2014-2016                       • Peningkatan sosialisasi GCG kepada seluruh lapisan organisasi.
 Pengembangan GCG                • Maximizing the use of official website as a medium to improve transparency to the
 GCG Development                   Shareholders and stakeholders;
                                 • Updating GCG policies;
                                 • Developing and updating Corporate Policy Manual; and
                                 • Increasing the promoting GCG to all levels of the organization.




                                 • Penyempurnaan implementasi GCG setiap saat; serta
 2016-2018                       • Peningkatan atas hasil penilaian terhadap pelaksanaan GCG.
 GCG sebagai Budaya
                                 • Updating the GCG implementation any time; and
 GCG as Culture
                                 • Improve GCG assessment results.




 2019-2020
 Pembaruan Kelengkapan           • Pembaruan Corporate Policy Manual Perseroan;
 Organisasi Perseroan dalam      • Persiapan dan penyusunan kerangka dan kegiatan berkelanjutan dan/atau keuangan
 Rangka Penyempurnaan              berkelanjutan; serta
 Implementasi Nilai-Nilai        • Persiapan dalam pemenuhan ketentuan atau peraturan secara elektronik.
 Tata Kelola Perusahaan
                                 • Updating the Company’s Corporate Policy Manual;
 Updating the Company’s          • Preparing and making the sustainable framework and activities, and/or sustainable finance; and
 Organizational Instruments      • Preparation to comply with laws and regulations electronically.
 for Better Implementation of
 Corporate Governance Values


 2021-2022
 Implementasi Nilai-Nilai        • Penyusunan tata kelola kegiatan-kegiatan berkelanjutan; serta
 Tata Kelola Perusahaan          • Penyempurnaan dan penilaian Corporate Policy Manual.
 yang Berkelanjutan              • Organizing sustainable governance activities; and
 Implementation of Sustainable   • Improving and assessing the Corporate Policy Manual.
 Corporate Governance Values



                                 • Peningkatan skor praktik GCG sebagai upaya berkesinambungan untuk bisnis yang
 2023-2025                         berkelanjutan; serta
 GCG yang                        • Penerapan peraturan penggunaan sarana elektronik sebagai implementasi GCG (e-Proxy,
 Berkesinambungan                  e-Pubex, dan e- Voting).
 GCG Continuous                  • Increasing the score of GCG practices as a continuous effort for sustainable business; and
 Improvement                     • Implementing regulations on the use of electronic media as part of GCG implementation
                                   (e-Proxy, e-Pubex, and e-Voting).




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 Penilaian Penerapan GCG
 Assessment of GCG Implementation


 Perseroan melakukan penilaian terhadap penerapan GCG untuk               The Company assesses GCG implementation to obtain an
 memperoleh gambaran mengenai kondisi penerapan GCG.                      overview of GCG implementation conditions. This assessment is
 Penilaian ini dilakukan secara berkala baik yang dilakukan oleh          carried out periodically by both internal and external parties using
 pihak internal maupun eksternal dengan menggunakan parameter             nationally and internationally applied parameters.
 yang berlaku baik secara nasional maupun internasional.



 Pihak yang Melakukan Penilaian                                           Parties Involved in Assessment of GCG
 Penerapan GCG                                                            Implementation

 Secara internal, Perseroan melakukan self-assessment                     Internally, the Company carries out a self-assessment of
 penerapan GCG berdasarkan Peraturan Otoritas Jasa Keuangan               GCG implementation based on Financial Services Authority
 No. 21/POJK.04/2015 tentang Penerapan Pedoman Tata                       Regulation No. 21/POJK.04/2015 on Implementation of Public
 Kelola Perusahaan Terbuka dan Surat Edaran Otoritas Jasa                 Company Governance Guidelines and Financial Services
 Keuangan No. 32/SEOJK.04/2015 tentang Pedoman Tata Kelola                Authority Circular No. 32/SEOJK.04/2015 on Public Company
 Perusahaan Terbuka.                                                      Governance Guidelines.


 Perseroan juga melakukan penilaian penerapan GCG yang                    The Company’s GCG implementation is also assessed by an
 dilakukan oleh pihak ketiga yang independen. Dalam hal                   independent third party. In this matter, the Company appointed
 ini Perseroan menunjuk Indonesian Institute for Corporate                the Indonesian Institute for Corporate Directorship (IICD) to
 Directorship (IICD) untuk memberikan penilaian terhadap sistem           assess the corporate governance systems and practices for
 dan praktik tata kelola perusahaan untuk periode 2022-2023               the 2022-2023 period by referring to the ASEAN Corporate
 menggunakan kriteria ASEAN Corporate Governance Scorecard                Governance Scorecard (ACGS) criteria based on GCG principles
 (ACGS) yang didasarkan pada prinsip-prinsip GCG Organization             of the Organization for Economic Cooperation and Development
 for Economic Cooperation and Development dan International               and the International Corporate Governance Network.
 Corporate Governance Network.



 Kriteria dan Hasil Penilaian Penerapan                                   Assessment Criteria and Results of GCG
 GCG                                                                      Implementation

 Berdasarkan aspek penilaian yang telah ditentukan, pencapaian            Based on the determined assessment aspects, the achievement
 hasil penerapan GCG tingkat 1 untuk periode 2022-2023 yang               results of GCG level 1 for the 2022-2023 period conducted by
 dilakukan oleh Indonesian Institute for Corporate Directorship           the Indonesian Institute for Corporate Directorship (IICD) on
 (IICD) pada tanggal 4 Agustus 2023 sebagai berikut:                      August 4, 2023, are as follows:


                                                                          Skor
                                               Bobot                      Score
       Prinsip Utama dalam Penilaian                                                                 Main Principles in Assessment
                                               Weight
                                                            2022-2023           2021-2022
  Tingkat 1                                                                                                                            Level 1
  Prinsip A: Hak-Hak Pemegang Saham             10,00              9,52              9,05                     Principle A: Shareholders’ Rights
  Prinsip B: Perlakuan Setara terhadap                                                                      Principle B: Equal Treatment to All
                                                10,00              8,57              8,46
  Pemegang Saham                                                                                                                  Shareholders
  Prinsip C: Peran Pemangku Kepentingan         15,00          15,00                15,00                       Principle C: Stakeholders’ Role
  Prinsip D: Pengungkapan dan Transparansi      25,00          24,22                24,22             Principle D: Disclosure and Transparency
  Prinsip E: Tanggung Jawab Dewan Komisaris                                                              Principle E: Board of Commissioners’
                                                40,00          33,23                33,23
                                                                                                                                 Responsibility




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                                                                                                                                Tata Kelola Perusahaan
                                                                                                                            Good Corporate Governance




                                                                                   Skor
                                                          Bobot                    Score
       Prinsip Utama dalam Penilaian                                                                          Main Principles in Assessment
                                                          Weight
                                                                       2022-2023         2021-2022
 Tingkat 2                                                                                                                                       Level 2
 Bonus                                                            -            4                2                                                 Bonus
 Penalti                                                          -           -2               -2                                                Penalty
 Total Skor                                               100,00           92,54            89,96                                           Total Score
                                                                         Sangat Baik             Baik
 Total Penilaian Tingkat 1                                                Very Good             Good                                 Total Score Level 1
                                                                             Level 4          Level 3




Rekomendasi dan Tindak Lanjut                                                      Recommendation and Follow-up

Beberapa kelemahan pelaksanaan GCG yang berhasil                                   Several weaknesses in GCG implementation that have been
diidentifikasi dari proses penilaian GCG oleh IICD selanjutnya                     identified from the GCG assessment process by IICD were then
direkomendasikan untuk ditindaklanjuti. Perseroan berkomitmen                      recommended for follow-up. The Company is committed to
untuk melakukan perbaikan guna mengoptimalkan penerapan                            making improvement to optimize GCG implementation in the
GCG ke depan.                                                                      future.




Struktur GCG
GCG Structure


                                                             Rapat Umum Pemegang Saham (RUPS)
                                                            General Meeting of Shareholders (GMS)




                       Dewan Komisaris                                                                               Direksi
                    Board of Commissioners                                                                      Board of Directors




                                                                                                                                         Penanggung
                             Komite                                                                                                         Jawab
                                                                                                                      Tim
                          Nominasi dan                                                                                                  Kegiatan Usaha
                                                                         Unit Audit           Sekretaris           Manajemen
   Komite GCG              Remunerasi             Komite Audit                                                                           Keberlanjutan
                                                                          Internal           Perusahaan              Risiko
      GCG                  Nomination                   Audit                                                                              Person in
                                                                        Internal Audit        Corporate               Risk
    Committee                 and                     Committee                                                                           Charge of
                                                                             Unit             Secretary           Management
                          Remuneration                                                                                                   Sustainability
                                                                                                                     Team
                           Committee                                                                                                       Business
                                                                                                                                           Activities




                                                                                                                     Koordinator Pelaksana Kegiatan
                                                                                                                          Usaha Keberlanjutan
                                                                                                                     (Direktorat/Divisi/Entitas Anak)
Keterangan / Remarks:
                                                                                                                        Coordinator of Executors of
        Hubungan hierarki / Hierarchical relation
        Hubungan pengawasan / Supervisory relation
                                                                                                                     Sustainability Business Activities
        Hubungan koordinasi / Coordination relation                                                                 (Directorate/Division/Subsidiaries)




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 Rapat Umum Pemegang Saham
 General Meeting of Shareholders




 Rapat Umum Pemegang Saham (RUPS) merupakan organ               General Meeting of Shareholders (GMS) is the highest organ in
 tertinggi dalam struktur GCG Perseroan. RUPS memiliki          the Company’s GCG structure. The GMS has its own authority,
 wewenang tersendiri, yang tidak diberikan kepada Dewan         which shall not be delegated to the Board of Commissioners or
 Komisaris maupun Direksi, dalam batas yang ditentukan dalam    Board of Directors, within the limits specified in the laws and/or
 undang-undang dan/atau Anggaran Dasar Perseroan.               the Company’s Articles of Association.


 RUPS merupakan forum bagi Pemegang Saham untuk                 GMS is a forum for Shareholders to exercise their rights,
 menggunakan haknya, menjalankan wewenang, mengemukakan         implement authority, convey opinions, vote, and request
 pendapat, memberikan suara serta meminta informasi berkaitan   information related to strategic decision making or the Company
 dengan pengambilan keputusan strategis ataupun pengelolaan     management.
 Perseroan.



 Hak dan Wewenang Pemegang Saham                                Shareholders’ Rights and Authorities in
 dalam RUPS                                                     the GMS

 Hak dan wewenang Pemegang Saham dalam RUPS di antaranya:       Shareholders’ rights and authorities in the GMS include:
 1. Menghadiri RUPS, baik sendiri maupun diwakilkan dengan      1. Attending the GMS, either alone or represented by Proxy,
    menggunakan Surat Kuasa, yang tersedia di situs web            which is available on the Company’s website along with the
    Perseroan bersamaan dengan pemanggilan RUPS;                   GMS notice;
 2. Memperoleh keterangan mengenai topik-topik yang             2. Obtaining information on the topics discussed in accordance
    dibahas sesuai mata acara RUPS, dan berhak mendapatkan         with the GMS agenda, and are entitled to adequate answers
    jawaban memadai atas pertanyaan dari Dewan Komisaris           to questions from the Company’s Board of Commissioners
    dan/atau Direksi Perseroan;                                    and/or Board of Directors;
 3. Meminta pertanggungjawaban Dewan Komisaris dan              3. Requiring accountability from the Board of Commissioners
    Direksi terkait pengelolaan Perseroan;                         and Board of Directors regarding the management of the
                                                                   Company;
 4. Mengubah Anggaran Dasar;                                    4. Amending the Articles of Association;
 5. Mengangkat dan memberhentikan Dewan Komisaris dan           5. Appointing and dismissing the Board of Commissioners
    Direksi; serta                                                 and the Board of Directors; and




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                                                                                                             Tata Kelola Perusahaan
                                                                                                         Good Corporate Governance




6. Mengajukan usulan mata acara untuk dimasukkan ke               6. Proposing agenda items to be included in the meeting
   dalam mata acara rapat sepanjang tidak bertentangan               agenda if they do not conflict with the Company’s Articles
   dengan Anggaran Dasar Perseroan dan Peraturan Otoritas            of Association and OJK Regulation No. 15/POJK.04/2020
   Jasa Keuangan No. 15/POJK.04/2020 tentang Rencana                 on Plans and Implementation of General Meeting of
   dan Penyelenggaraan Rapat Umum Pemegang Saham                     Shareholders of Public Companies.
   Perusahaan Terbuka.



Perlakuan yang Setara bagi Seluruh                                Equal Treatment to All Shareholders
Pemegang Saham

Perseroan memberlakukan kesetaraan perlakuan kepada               The Company applies equal treatment to Shareholders
Pemegang Saham melalui perhitungan suara yang dilaksanakan        through vote counting carried out based on the voting rights
berdasarkan hak suara yang dimiliki oleh Pemegang Saham           owned by Shareholders in accordance with their shares
sesuai dengan porsi kepemilikan sahamnya. Selain itu, informasi   ownership portion. In addition, information is provided equally
disediakan secara sama kepada seluruh Pemegang Saham              to all Shareholders in accordance with the provisions of the
sesuai dengan ketentuan peraturan perundang-undangan yang         applicable laws and regulations.
berlaku.



Mekanisme Pengambilan Keputusan dan                               Mechanisms to Adopt Resolutions and
Pemungutan Suara                                                  Vote

Pengambilan keputusan dan pemungutan suara dalam RUPS             Adopting resolutions and voting at GMS refers to the Articles of
mengacu pada Anggaran Dasar dan diatur kembali dalam Tata         Association and stated in the GMS Code of Conduct. The GMS
Tertib RUPS. Tata Tertib RUPS telah disampaikan kepada seluruh    Code of Conduct is conveyed to all Company Shareholders
Pemegang Saham Perseroan yang menghadiri RUPS. Selain itu,        who attend the GMS. Apart from that, the mechanism to adopt
mekanisme pengambilan keputusan dan pemungutan suara juga         resolutions and to vote is also uploaded in the Company’s
diunggah melalui situs web Perseroan.                             website.


Pengambilan Keputusan                                             Adopting Resolutions
1. Setiap saham memberikan hak kepada pemiliknya untuk            1. Each share gives the holder the right to cast 1 vote;
   mengeluarkan 1 suara;
2. Setiap keputusan RUPS hanya untuk 1 perihal atau 1 mata        2. Each GMS resolution is only for 1 matter or 1 agenda item
   acara rapat saja;                                                 only;
3. Keputusan untuk mata acara rapat diambil berdasarkan           3. Resolutions for the agenda items can be resolved by means
   musyawarah untuk mufakat; serta                                   of deliberation for consensus; and
4. Dalam hal keputusan berdasarkan musyawarah untuk               4. If deliberation for consensus is not reached, resolutions will
   mufakat tidak tercapai, maka keputusan akan diambil               be adopted by using voting mechanism.
   berdasarkan mekanisme pemungutan suara.


Pemungutan Suara                                                  Voting
1. Pemungutan suara dilakukan dengan prosedur sebagai             1. Voting is carried out through the following procedures:
   berikut:
   a. Pemegang Saham dan/atau kuasa Pemegang Saham                    a. Shareholders and/or proxies will receive ballot letter
       akan dibagikan surat suara yang dilengkapi dengan                 with barcode;
       barcode;
   b. Pemungutan suara akan dilakukan dengan surat suara              b. Voting will be carried out through unsigned and
       yang tertutup dan tidak ditandatangani;                           closed ballot;
   c. Pemegang Saham atau kuasanya yang tidak setuju dan/             c. Shareholders/proxies who disagree and/or abstain will
       atau abstain akan diminta oleh pimpinan rapat untuk               be asked by the meeting chairman to raise their hand
       mengangkat tangan dan menyerahkan surat suara                     and return the ballot to the Company’s Share Registrar;
       kepada petugas Biro Administrasi Efek Perseroan;
   d. Pemegang Saham atau kuasanya yang tidak                         d. Shareholders/proxies who do not raise their hand are
       mengangkat tangan dianggap menyetujui usul yang                   deemed to have approved the related agenda item; and
       diajukan dalam mata acara terkait; serta




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    e. Pimpinan rapat dapat menentukan cara pemungutan                     e. The meeting chairman may choose other voting
        suara lain sepanjang tidak ada keberatan dari                          method if there are no objections from Shareholders or
        Pemegang Saham atau kuasanya yang hadir.                               Proxies present.
 2. Bagi Pemegang Saham yang memberikan kuasanya dengan                 2. Shareholders who give electronic authorization using
    mekanisme e-Proxy melalui aplikasi eASY.KSEI dianggap                  e-Proxy mechanism through eASY.KSEI application are
    telah menggunakan hak suaranya melalui aplikasi eASY.                  deemed to have exercised their voting rights through the
    KSEI. Sedangkan, bagi peserta yang hadir secara elektronik             eASY.KSEI application. Meanwhile, for participants who
    melalui aplikasi eASY.KSEI, proses pemungutan suara akan               attend virtually through the eASY.KSEI application, the voting
    dilakukan masing-masing peserta rapat di aplikasi eASY.                process will be carried out by each meeting participant on
    KSEI;                                                                  the eASY.KSEI application;
 3. Pemegang Saham yang abstain dalam pemungutan                        3. The abstaining Shareholders are deemed to cast the same
    suara dianggap mengeluarkan suara yang sama dengan                     vote as the votes of the Majority Shareholders; and
    suara Pemegang Saham Mayoritas yang mengeluarkan
    suara; serta
 4. Notaris dibantu dengan Biro Administrasi Efek, akan                 4. The Notary, assisted by the Share Registrar, will check and
    melakukan pengecekan dan perhitungan surat suara untuk                 count the votes for each agenda item at every resolution
    setiap mata acara dalam setiap pengambilan keputusan,                  adoption, including those submitted through the eASY.KSEI
    termasuk yang disampaikan melalui sistem eASY.KSEI dan                 system and submitted in the meeting.
    yang disampaikan dalam rapat.



 Pengajuan Pertanyaan dan/atau                                          Asking Questions and/or Providing
 Pemberian Pendapat dari Pemegang                                       Opinions by Shareholders
 Saham

 Dalam RUPS Tahunan dan RUPS Luar Biasa 2023, Pemegang                  In the 2023 Annual GMS and Extraordinary GMS, Shareholders
 Saham dan/atau kuasanya telah diberikan kesempatan untuk               and/or their proxies were given the opportunity to ask
 mengajukan pertanyaan dan/atau memberikan pendapat terkait             questions and/or provide opinions on every agenda item
 setiap mata acara RUPS Tahunan dan RUPS Luar Biasa 2023                of the 2023 Annual GMS and Extraordinary GMS to be
 untuk selanjutnya dijawab atau ditanggapi oleh Perseroan.              answered or responded to by the Company. Shareholders
 Pemegang Saham dan/atau kuasanya yang akan mengajukan                  and/or proxies who wish to ask questions to the Company
 pertanyaan kepada Perseroan dapat dilakukan melalui aplikasi           shall do so through eASY.KSEI application. Furthermore, this
 eASY.KSEI. Selanjutnya, proses tanya jawab ini dicatat dan             question-and-answer process was recorded and stated in the
 dituangkan dalam Berita Acara Rapat RUPS yang dibuat oleh              Minutes of the GMS Meeting prepared by the Notary appointed
 Notaris yang ditunjuk Perseroan.                                       by the Company.



 Penyelengaraan RUPS Tahun 2023                                         Implementation of the 2023 GMS

 Pada tahun 2023, Perseroan menyelenggarakan RUPS Tahunan               In 2023, the Company held the Annual GMS on May 24, 2023, and
 pada tanggal 24 Mei 2023 dan RUPS Luar Biasa pada tanggal              two Extraordinary GMS on April 6, 2023, and August 15, 2023.
 6 April 2023 dan 15 Agustus 2023.


 RUPS Tahunan 24 Mei 2023                                               Annual GMS dated May 24, 2023

 Tahapan RUPS Tahunan 2023
 Stages in the 2023 Annual GMS

  Pemberitahuan Rencana     Disampaikan kepada Otoritas Jasa Keuangan pada tanggal 10 April 2023 melalui Surat No. L.MPM/Corsec-038/IV/2023.
  dan Mata Acara            Submitted to the Financial Services Authority on April 10, 2023, through Letter No. L.MPM/Corsec-038/IV/2023.

  Notification of Plans
  and Agenda Item
  Pengumuman                Disampaikan pada tanggal 17 April 2023 melalui Surat No. L.MPM/Corsec-042/IV/2023, melalui situs web Perseroan,
  Announcement              situs web Bursa Efek Indonesia, dan situs web PT Kustodian Sentral Efek Indonesia. Sementara penyampaian bukti
                            iklan disampaikan kepada Otoritas Jasa Keuangan melalui Surat No. L.MPM/Corsec-043/IV/2023.
                            Submitted on April 17, 2023, through Letter No. L.MPM/Corsec-042/IV/2023, through the Company’s website,
                            Indonesian Stock Exchange website, and PT Kustodian Sentral Efek Indonesia website. Proof of advertising was
                            submitted to the Financial Services Authority through Letter No. L.MPM/Corsec-043/IV/2023.




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Pemanggilan                   Disampaikan pada tanggal 2 Mei 2023 melalui Surat No. L.MPM/Corsec-047/V/2023, melalui situs web Perseroan,
Notice                        situs web Bursa Efek Indonesia, dan situs web PT Kustodian Sentral Efek Indonesia. Sementara penyampaian bukti
                              iklan disampaikan kepada Otoritas Jasa Keuangan melalui Surat No. L.MPM/Corsec-048/V/2023.
                              Submitted on May 2, 2023, through Letter No. L.MPM/Corsec-047/V/2023, through the Company’s website, Indonesian
                              Stock Exchange website, and PT Kustodian Sentral Efek Indonesia website. Proof of advertising was submitted to the
                              Financial Services Authority through Letter No. L.MPM/Corsec-048/V/2023.

Pelaksanaan                   Dilaksanakan secara fisik pada tanggal 24 Mei 2023 di Lippo Kuningan Lt. 26, Jl. HR Rasuna Said Kav. B-12, Karet
Implementation                Kuningan, Jakarta Selatan. Sementara pelaksanaan secara elektronik (e-RUPS) menggunakan fasilitas video konferensi
                              AKSes.KSEI dan fasilitas Electronic General Meeting System KSEI (eASY. KSEI) yang disediakan oleh PT Kustodian
                              Sentral Efek Indonesia dengan memenuhi ketentuan Peraturan Otoritas Jasa Keuangan terkait RUPS.
                              Held in-person on May 24, 2023, at Lippo Kuningan 26th floor, Jl. HR Rasuna Said Kav. B-12, Karet Kuningan, Jakarta
                              Selatan. Electronic (e-GMS) method was conducted through AKSes.KSEI video conference facility and KSEI Electronic
                              General Meeting System (eASY. KSEI), provided by PT Kustodian Sentral Efek Indonesia in compliance with the
                              provisions of the Financial Services Authority Regulations regarding GMS.

Ringkasan Risalah             Disampaikan pada tanggal 25 Mei 2023 melalui Surat No. L.MPM/Corsec-053/V/2023, melalui situs web Perseroan,
Summary of Minutes            situs web Bursa Efek Indonesia, dan situs web PT Kustodian Sentral Efek Indonesia. Sementara penyampaian bukti
                              iklan disampaikan kepada Otoritas Jasa Keuangan melalui Surat No. L.MPM/Corsec-055/V/2023 tanggal 26 Mei 2023
                              dan pada tanggal 29 Mei 2023 melalui Surat No. L.MPM/Corsec-053-R/V/2023, Perseroan melakukan koreksi atas
                              Ringkasan Risalah yang sebelumnya telah disampaikan pada tanggal 25 Mei 2023.
                              Submitted on May 25, 2023, through Letter No. L.MPM/Corsec-053/V/2023, through the Company’s website, Indonesian
                              Stock Exchange website, and PT Kustodian Sentral Efek Indonesia website. Meanwhile, proof of advertising was
                              submitted to the Financial Services Authority through Letter No. L.MPM/Corsec-055/V/2023 dated May 26, 2023, and
                              on May 29, 2023, through Letter No. L.MPM/Corsec-053-R/V/2023, the Company made corrections to the Summary of
                              Minutes previously submitted on May 25, 2023.

Penyampaian Risalah           Disampaikan pada tanggal 8 Juni 2023 melalui Surat No. L.MPM/Corsec-060/VI/2023.
Submission of Minutes         Submitted on June 8, 2023, through Letter No. L.MPM/Corsec-060/VI/2023.



Kehadiran RUPS Tahunan 2023
2023 Annual GMS Attendance
                                           Kehadiran Anggota Dewan Komisaris dan Direksi
                                    The Presence of Board of Commissioners and Board of Directors

                          Dewan Komisaris                                                                  Direksi
                       Board of Commissioners                                                         Board of Directors

                                     Komisaris                                                                  Direktur Utama
Tossin Himawan                                                             Suwito Mawarwati
                                     Commissioner                                                               President Director
                                     Komisaris                                                                  Direktur
Danny Walla                                                                Beatrice Kartika
                                     Commissioner                                                               Director
                                     Komisaris Independen
Benny Redjo Setyono
                                     Independent Commissioner              Ivan                                 Direktur
                                     Komisaris Independen                                                       Director
Istama Tatang Siddharta
                                     Independent Commissioner
                      Kehadiran Pemegang Saham                                                  Penunjukkan Pihak Independen
                       Shareholders Attendance                                                 Appointment Independent Parties
RUPS Tahunan dihadiri oleh 3.266.677.946 saham yang memiliki hak           Perseroan telah menunjuk pihak independen yaitu Jose Dima
suara yang sah atau setara dengan 74,8165% dari jumlah seluruh saham       Satria, S.H., M.Kn. selaku Notaris Publik dan PT Datindo Entrycom selaku
yang telah dikeluarkan oleh Perseroan.                                     Biro Administrasi Efek untuk melakukan proses penghitungan suara
The Annual GMS was attended by 3,266,677,946 shares with legal voting      dan/atau melakukan validasi.
rights or equivalent to 74.8165% of all shares issued by the Company.      The Company appointed independent parties, i.e. Jose Dima
                                                                           Satria, S.H., M.Kn. as Public Notary and PT Datindo Entrycom as Share
                                                                           Registrar to count votes and/or validate them.
                           Pimpinan Rapat                                                     Mekanisme Pengambilan Keputusan
                       Chairman of the Meeting                                                 Mechanism to Adopt Resolutions
RUPS dipimpin oleh Tossin Himawan selaku Komisaris Perseroan berdasarkan   Mekanisme pengambilan keputusan dilakukan dengan cara musyawarah
hasil Keputusan Dewan Komisaris Perseroan tanggal 2 Mei 2023.              untuk mufakat. Apabila musyawarah untuk mufakat tidak tercapai maka
The GMS was chaired by Tossin Himawan as Commissioner of the               dilakukan melalui pemungutan suara.
Company based on the results of the Board of Commissioners’ Decision       The mechanism to adopt resolutions was carried out by means of
dated May 2, 2023.                                                         deliberation for consensus. In the event that deliberation for consensus
                                                                           was not reached, voting was conducted to adopt resolutions.
                                                            Jumlah Pertanyaan/Opini
                                                            Total Questions/Opinions
Dalam setiap pembahasan mata acara rapat, Perseroan telah memberikan kesempatan kepada Pemegang Saham atau kuasanya untuk dapat
mengajukan pertanyaan dan/atau pendapat terkait pembahasan setiap mata acara rapat. Terdapat 1 pertanyaan dari Pemegang Saham, namun
pertanyaan tersebut tidak terkait dengan mata acara rapat.
In each discussion of meeting agenda item, the Company provided opportunity for Shareholders or their proxies to ask questions and/or provide
opinions regarding the discussion of each meeting agenda item. There was 1 question from a Shareholder, but this question was not related to the
meeting agenda.




                                                                                                          PT Mitra Pinasthika Mustika Tbk
                                                                                                      Laporan Tahunan 2023 Annual Report          115
Page 118
 Keputusan RUPS Tahunan 2023
 2023 Annual GMS Resolutions

                                                              Mata Acara 1 / Agenda 1:
      Persetujuan Laporan Tahunan Direksi, Laporan Tugas Pengawasan Dewan Komisaris, serta pengesahan Laporan Keuangan
       Konsolidasian Perseroan tahun buku 2022 sekaligus pemberian pelunasan dan pembebasan tanggung jawab sepenuhnya
      (acquit et de charge) kepada Direksi dan Dewan Komisaris Perseroan atas tindakan pengurusan dan pengawasan yang telah
                                                 dijalankan selama tahun buku 2022.
      Approval of the Board of Directors’ Annual Report, Board of Commissioners’ Supervisory Report, and Ratification of the
     Company’s Consolidated Financial Statements of the 2022 fiscal year, as well as the granting of full release and discharge
   (acquit et de charge) to the Company’s Board of Directors and Board of Commissioners for their management and supervisory
                                              duties throughout the 2022 fiscal year.

                                      Keputusan Rapat                                                                   Realisasi
                                     Meeting Resolutions                                                               Realization
  1. Menerima dan menyetujui Laporan Tahunan Direksi, Laporan Tugas Pengawasan Dewan                Telah direalisasikan sepenuhnya.
     Komisaris dan mengesahkan Laporan Keuangan Konsolidasian Tahunan Perseroan untuk               Has been fully realized.
     periode tahun buku yang berakhir pada tanggal 31 Desember 2022, yang telah diaudit
     oleh Kantor Akuntan Publik Siddharta Widjaja & Rekan dalam Laporan Auditor Independen
                                                                                                               Hasil Pemungutan Suara
     No. 00065/2.1005/AU.1/05/1214-1/1/III/2023 tanggal 23 Maret 2023, dengan pendapat “wajar                       Voting Results
     tanpa modifikasian”.
  2. Memberikan pelunasan dan pembebasan tanggung jawab sepenuhnya (acquit et de charge)
     kepada Direksi atas tindakan pengurusan dan kepada Dewan Komisaris atas tindakan
                                                                                                      (98,7509%)                            (1,2491%)
     pengawasan yang telah dijalankan selama periode tahun buku yang berakhir tanggal
     31 Desember 2022, sejauh tindakan pengurusan dan pengawasan tersebut tercermin dalam
     Laporan Tahunan dan Laporan Keuangan Konsolidasian Perseroan untuk tahun buku yang
     berakhir pada 31 Desember 2022 dan tidak bertentangan dengan hukum yang berlaku.
  1. To accept and approve the Board of Directors’ Annual Report, Board of Commissioners’
     Supervisory Report, and to ratify the Company’s Consolidated Financial Statements
     for the fiscal year ending on December 31, 2022, which had been audited by Public
     Accounting Firm Siddharta Widjaja & Rekan in the Independent Auditor’s Report
     No. 00065/2.1005/AU.1/05/1214-1/1/III/2023 dated March 23, 2023, with “unqualified               Setuju       : 3.225.875.227 saham
     opinion”.                                                                                        Agree          3,225,875,227 shares
  2. To grant full release and discharge (acquit et de charge) of responsibilities to all members     Abstain      : 40.802.719 saham 		
     of the Board of Directors for their management duties and to all members of Board of              		 40,802,719 shares
     Commissioners for their supervisory duties throughout the fiscal year ending on December         Tidak Setuju : 0 saham
     31, 2022, to the extent that those actions are reflected in the Company’s Annual Report and      Disagree       0 shares
     the Consolidated Financial Statements for the fiscal year ending on December 31, 2022, and
     do not conflict with the applicable law.

                                                              Mata Acara 2 / Agenda 2:
                                  Penetapan penggunaan laba tahun berjalan Perseroan tahun buku 2022.
                                    Appropriation of the use of the Company’s 2022 profit for the year.
                                      Keputusan Rapat                                                                   Realisasi
                                     Meeting Resolutions                                                               Realization
  1. Menyetujui dan menetapkan penggunaan laba tahun berjalan yang dapat diatribusikan              Telah direalisasikan sepenuhnya.
     kepada pemilik Entitas Induk Perseroan tahun buku 2022 sebesar Rp661.731.989.854,-             Has been fully realized.
     untuk:
     a. Menambah jumlah cadangan wajib Perseroan, yaitu sebesar Rp10.000.000.000,-.
                                                                                                               Hasil Pemungutan Suara
     b. Dibagikan sebagai dividen tunai, yaitu sebesar Rp135,- per lembar saham sesuai dengan                       Voting Results
        ketentuan yang berlaku.
     c. Sisanya menjadi cadangan lainnya Perseroan sesuai dengan ketentuan dalam Anggaran                                                   (0,3213%)
        Dasar dan peraturan yang berlaku.
  2. Memberikan kuasa dan wewenang kepada Direksi Perseroan, dengan hak substitusi,                  (99,6786%)                             (0,0001%)
     untuk menetapkan hal-hal yang berkaitan dengan pelaksanaan pembayaran dividen tunai,
     termasuk namun tidak terbatas pada menetapkan jadwal dan tata cara pembayaran serta
     melakukan hal-hal lain yang dianggap perlu untuk melaksanaan maksud dan tujuan tersebut
     di atas.
  1. To approve and appropriate the use of profit for the year attributable to owners of the
     Company for the 2022 fiscal year at a total of Rp661,731,989,854 to:
     a. Increase the Company’s mandatory reserve of Rp10,000,000,000.
     b. Be distributed as cash dividend at Rp135 per share, in accordance with the prevailing
        provisions.                                                                                   Setuju       : 3.256.179.724 saham
     c. Appropriate the remaining amount to the Company’s other reserves, in accordance with          Agree          3,256,179,724 shares
        the provisions in the Articles of Association and the applicable regulations.                 Abstain      : 10.496.122 saham
  2. To grant power and authority to the Company’s Board of Directors, with substitution rights,    		               10,496,122 shares
     to decide on matters related to the payments of cash dividend, including but not limited to      Tidak Setuju : 2.100 saham
     determining the payment schedules and procedures, as well as carrying out other matters          Disagree       2,100 shares
     deemed necessary for the above-mentioned purposes and objectives.




         PT Mitra Pinasthika Mustika Tbk
116      Laporan Tahunan 2023 Annual Report
Page 119
                                                                                                                                Tata Kelola Perusahaan
                                                                                                                            Good Corporate Governance




                                                             Mata Acara 3 / Agenda 3:
 Penunjukkan akuntan publik dan/atau kantor akuntan publik untuk memeriksa laporan keuangan Perseroan tahun buku 2023.
         Appointment of public accountant and/or public accounting firm to audit the Company’s financial statements for
                                                     the 2023 fiscal year.

                                     Keputusan Rapat                                                                    Realisasi
                                    Meeting Resolutions                                                                Realization
Menyetujui pendelegasian kewenangan dari RUPS Tahunan kepada Dewan Komisaris, dengan                Telah direalisasikan sepenuhnya.
memperhatikan rekomendasi dari Komite Audit, untuk:                                                 Has been fully realized.
1. Menunjuk kantor akuntan publik dan/atau akuntan publik, untuk mengaudit Laporan
   Keuangan Perseroan tahun buku 2023, termasuk tetapi tidak terbatas untuk melakukan
                                                                                                               Hasil Pemungutan Suara
   seleksi dengan kriteria-kriteria antara lain sebagai berikut:                                                    Voting Results
   a. Imbalan jasa yang kompetitif dan wajar.
   b. Ruang lingkup jasa audit.                                                                                                             (0,3211%)
   c. Independensi, kredibilitas dan pengalaman kantor akuntan publik dan/atau akuntan
      publik.                                                                                        (98,1490%)                             (1,5299%)
   d. Rekomendasi dari Komite Audit mengenai kantor akuntan publik dan/atau akuntan publik
      untuk jasa audit tahun buku 2023.
   e. Tidak bertentangan dengan peraturan perundang-undangan yang berlaku.
2. Menunjuk kantor akuntan publik dan/atau akuntan publik lain sebagai auditor eksternal
   pengganti apabila kantor akuntan publik dan/atau akuntan publik yang telah ditunjuk,
   karena alasan apapun juga, tidak dapat melaksanakan atau menyelesaikan tugasnya.
3. Menetapkan besarnya honorarium dan persyaratan penunjukan lainnya untuk kantor
   akuntan publik dan/atau akuntan publik atau penggantinya (apabila ada).
To approve the delegation of authority from the Company’s Annual GMS to                               Setuju       : 3.206.211.513 saham
the Board of Commissioners, by considering recommendations from the Audit Committee to:               Agree          3,206,211,513 shares
1. Appoint public accounting firm and/or public accountant to audit the Company’s 2023                Abstain      : 10.488.322 saham
   Financial Statements including but not limited to select such based on the following criteria:   		               10,488,322 shares
   a. Fair and competitive service fees.                                                              Tidak Setuju : 49.978.111 saham
   b. Scope of audit services.                                                                        Disagree       49,978,111 shares
   c. Independency, credibility, and experience of the public accounting firm and/or public
      accountant.
   d. Recommendations from Audit Committee regarding the public accounting firm and/or
      public accountant for audit services for the 2023 fiscal year.
   e. No conflict with applicable laws and regulations.
2. To appoint another public accounting firm and/or public accountant to act as a substitute
   external auditor in the event that the appointed public accounting firm and/or public
   accountant, for any reason whatsoever, be unable to perform or complete the duties.
3. To determine the honorarium amount of and other requirements for the appointment of
   public accounting firm and/or public accountant or the substitute (if any).

                                                             Mata Acara 4 / Agenda 4:
              Penetapan gaji atau honorarium dan tunjangan lainnya bagi anggota Direksi dan Dewan Komisaris.
Determination of salary or honorarium and other allowances for the Company’s Board of Directors and Board of Commissioners.

                                     Keputusan Rapat                                                                    Realisasi
                                    Meeting Resolutions                                                                Realization
Menyetujui pendelegasian kewenangan dan kuasa dari RUPS Perseroan kepada Dewan                      Telah direalisasikan sepenuhnya.
Komisaris Perseroan, untuk menetapkan besarnya gaji atau honorarium, dan tunjangan                  Has been fully realized.
lainnya yang diterima Direksi dan Dewan Komisaris Perseroan pada tahun buku 2023,
dengan mempertimbangkan antara lain rekomendasi dari Komite Nominasi dan Remunerasi
                                                                                                               Hasil Pemungutan Suara
Perseroan.                                                                                                          Voting Results
To approve the delegation of authority and power from the Company’s GMS to the Board of
Commissioners, to determine the amount of salary or honorarium and other allowances for                                                     (0,4348%)
the Company’s Board of Directors and Board of Commissioners for the 2023 fiscal year, by
                                                                                                     (99,5346%)                             (0,0305%)
considering recommendations from the Company’s Nomination and Remuneration Committee.




                                                                                                      Setuju       : 3.251.475.724 saham
                                                                                                      Agree          3,251,475,724 shares
                                                                                                      Abstain      : 14.204.822 saham
                                                                                                    		               14,204,822 shares
                                                                                                      Tidak Setuju : 997.400 saham
                                                                                                      Disagree       997,400 shares




                                                                                                              PT Mitra Pinasthika Mustika Tbk
                                                                                                          Laporan Tahunan 2023 Annual Report            117
Page 120
                                                     Mata Acara 5 / Agenda 5:
                          Perubahan dan/atau pengangkatan kembali anggota Direksi dan Dewan Komisaris.
                   Changes and/or re-appointment of members of the Board of Directors and Board of Commissioners.

                                         Keputusan Rapat                                                                        Realisasi
                                        Meeting Resolutions                                                                    Realization
  1. Menerima dan menyetujui pengangkatan kembali seluruh Direksi dan Dewan Komisaris                       Telah direalisasikan sepenuhnya.
     Perseroan dan menyetujui untuk mengangkat Kemal Mawira sebagai Direksi Perseroan,                      Has been fully realized.
     dengan masa jabatan terhitung sejak ditutupnya rapat ini sampai dengan ditutupnya RUPS
     Tahunan tahun buku 2027 yang akan diadakan pada tahun 2028, sebagai berikut:                                      Hasil Pemungutan Suara
     Direktur Utama                : Suwito Mawarwati                                                                       Voting Results
     Direktur                      : Beatrice Kartika
     Direktur                      : Ivan                                                                                                           (0,4335%)
     Direktur                      : Kemal Mawira
                                                                                                             (93,6417%)                             (5,9248%)
      Komisaris Utama                   : Edwin Soeryadjaya
      Komisaris                         : Tossin Himawan
      Komisaris                         : Danny Walla
      Komisaris Independen              : Istama Tatang Siddharta
      Komisaris Independen              : Benny Redjo Setyono
  2. Menyetujui untuk memberikan kuasa dan wewenang kepada Direksi Perseroan dengan hak
     substitusi untuk melaksanakan segala tindakan yang diperlukan dalam rangka pelaksanaan
     atas hal-hal yang disampaikan dan/atau diputuskan dalam mata acara rapat ini, termasuk
     tetapi tidak terbatas untuk menyatakan kembali sebagian atau seluruh hal di atas ke dalam
                                                                                                              Setuju       : 3.058.973.606 saham
     suatu akta notaris, mengajukan permohonan kepada pihak/pejabat yang berwenang dan
     melakukan pemberitahuan atas perubahan pengurus Perseroan kepada Kementerian                             Agree          3,058,973,606 shares
     Hukum dan Hak Asasi Manusia Republik Indonesia sesuai ketentuan yang berlaku.                            Abstain      : 14.161.322 saham
                                                                                                            		               14,161,322 shares
  1. To accept and approve the re-appointment of all Company’s Board of Directors and Board of                Tidak Setuju : 193.543.018 saham
     Commissioners and approve to appoint Kemal Mawira as member of the Board of Directors,
                                                                                                              Disagree       193,543,018 shares
     effective since the closing of this meeting until the closing of the Annual GMS for the 2027
     fiscal year which will be held in 2028, as follows:
     President Director                 : Suwito Mawarwati
     Director                           : Beatrice Kartika
     Director                           : Ivan
     Director                           : Kemal Mawira

      President Commissioner            : Edwin Soeryadjaya
      Commissioner                      : Tossin Himawan
      Commissioner                      : Danny Walla
      Independent Commissioner          : Istama Tatang Siddharta
      Independent Commissioner          : Benny Redjo Setyono

  2. To approve granting power and authority to the Company’s Board of Directors, with substitution
     rights, to perform all actions deemed necessary to implement all matters discussed
     and/or resolved in the meeting agenda, including but not limited to, restating part of or the entire
     resolutions in a notary deed, filing any approval application to the authorized parties/officials,
     and submitting notification on the changes in the Company’s management to the Ministry of Law
     and Human Rights of the Republic of Indonesia in accordance with the applicable provisions.

                                                           Mata Acara 6 / Agenda 6:
                                            Persetujuan atas perubahan Anggaran Dasar Perseroan.
                                      Approval of the amendments to the Company’s Articles of Association.

                                         Keputusan Rapat                                                                        Realisasi
                                        Meeting Resolutions                                                                    Realization
  1. Menyetujui Perubahan Anggaran Dasar Perseroan pada Pasal 21 ayat (6) sehingga berbunyi                 Telah direalisasikan sepenuhnya.
     sebagai berikut:                                                                                       Has been fully realized.
     “Perseroan berkewajiban untuk melakukan pengumuman neraca dan laporan laba/rugi
     sesuai dengan peraturan perundang – undangan yang berlaku di bidang pasar modal.”                                 Hasil Pemungutan Suara
  2. Menyetujui untuk memberikan kuasa dan wewenang kepada Direksi Perseroan dengan hak                                     Voting Results
     substitusi untuk melaksanakan segala tindakan yang diperlukan dalam rangka pelaksanaan
     atas hal-hal yang disampaikan dan/atau diputuskan dalam mata acara rapat ini, termasuk                                                         (0,3213%)
     tetapi tidak terbatas untuk menyatakan kembali sebagian atau seluruh hal di atas ke dalam
     suatu akta notaris, mengajukan permohonan kepada pihak/pejabat yang berwenang dan                       (94,5903%)                             (5,0884%)
     melakukan pemberitahuan atas perubahan Anggaran Dasar Perseroan kepada Kementerian
     Hukum dan Hak Asasi Manusia Republik Indonesia sesuai ketentuan yang berlaku.
  1. To approve the amendments to the Company’s Articles of Association in Article 21
     paragraph (6) to read as follows:
     “The Company is obliged to announce the balance sheet and profit/loss report in accordance
     with the applicable laws and regulations in capital market sector.”
  2. To approve granting power and authority to the Company’s Board of Directors, with substitution
     rights, to perform all actions deemed necessary to implement all matters discussed and/or
     resolved in the meeting agenda, including but not limited to, restating part of or the entire
                                                                                                              Setuju       : 3.089.960.817 saham
     resolutions in a notary deed, filing any approval application to the authorized parties/officials,
     and submitting notification on the amendments in the Company’s Articles of Association to                Agree          3,089,960,817 shares
     the Ministry of Law and Human Rights of the Republic of Indonesia in accordance with the                 Abstain      : 10.495.822 saham
     applicable provisions.                                                                                 		               10,495,822 shares
                                                                                                              Tidak Setuju : 166.221.307 saham
                                                                                                              Disagree       166,221,307 shares




          PT Mitra Pinasthika Mustika Tbk
118       Laporan Tahunan 2023 Annual Report
Page 121
                                                                                                                                 Tata Kelola Perusahaan
                                                                                                                             Good Corporate Governance




                                                   Mata Acara 7 / Agenda 7:
        Laporan pengalihan atas hasil pembelian kembali saham atau saham tresuri Perseroan dengan cara pelaksanaan
                                           program insentif jangka panjang Perseroan.
 Report of transfer of the proceeds from share buyback or treasury shares of the Company through long-term incentive program.

 Mata acara ini bersifat laporan dan tidak memerlukan persetujuan rapat.
 This agenda item is a report. No approval is required.



RUPS Luar Biasa 6 April 2023                                                 Extraordinary GMS dated April 6, 2023

Tahapan RUPS Luar Biasa 6 April 2023
Stages in the Extraordinary GMS dated April 6, 2023

 Pemberitahuan Rencana        Disampaikan kepada Otoritas Jasa Keuangan pada tanggal 21 Februari 2023 melalui Surat No. L.MPM/Corsec-017/II/2023.
 dan Mata Acara               Submitted to the Financial Services Authority on February 21, 2023, through Letter No. L.MPM/Corsec-017/II/2023.

 Notification of Plans
 and Agenda Item
 Pengumuman                   Disampaikan pada tanggal 28 Februari 2023 melalui Surat No. L.MPM/Corsec-019/II/2023, melalui situs web Perseroan,
 Announcement                 situs web Bursa Efek Indonesia, dan situs web PT Kustodian Sentral Efek Indonesia. Sementara penyampaian bukti
                              iklan disampaikan kepada Otoritas Jasa Keuangan melalui Surat No. L.MPM/Corsec-020/II/2023.
                              Submitted on February 28, 2023, through Letter No. L.MPM/Corsec-019/II/2023, through the Company’s website,
                              Indonesian Stock Exchange website, and PT Kustodian Sentral Efek Indonesia website. Proof of advertising was
                              submitted to the Financial Services Authority through Letter No. L.MPM/Corsec-020/II/2023.

 Pemanggilan                  Disampaikan pada tanggal 15 Maret 2023 melalui Surat No. L.MPM/Corsec-027/III/2023, melalui situs web Perseroan,
 Notice                       situs web Bursa Efek Indonesia, dan situs web PT Kustodian Sentral Efek Indonesia. Sementara penyampaian bukti
                              iklan disampaikan kepada Otoritas Jasa Keuangan melalui Surat No. L.MPM/Corsec-028/III/2023.
                              Submitted on March 15, 2023, through Letter No. L.MPM/Corsec-027/III/2023, through the Company’s website,
                              Indonesian Stock Exchange website, and PT Kustodian Sentral Efek Indonesia website. Proof of advertising was
                              submitted to the Financial Services Authority through Letter No. L.MPM/Corsec-028/III/2023.

 Pelaksanaan                  Dilaksanakan secara fisik pada tanggal 6 April 2023 di Lippo Kuningan Lt. 26, Jl. HR Rasuna Said Kav. B-12,
 Implementation               Karet Kuningan, Jakarta Selatan (untuk profesi penunjang pasar modal dan manajemen Perseroan). Sementara
                              pelaksanaan secara elektronik (e-RUPS) menggunakan fasilitas video konferensi AKSes.KSEI dan fasilitas Electronic
                              General Meeting System KSEI (eASY. KSEI) yang disediakan oleh PT Kustodian Sentral Efek Indonesia dengan
                              memenuhi ketentuan Peraturan Otoritas Jasa Keuangan terkait RUPS.
                              Held in-person on April 6, 2023, at Lippo Kuningan Lt. 26th, Jl. HR Rasuna Said Kav. B-12, Karet Kuningan, South Jakarta
                              (for capital market supporting professions and Company management). Electronic (e-GMS) method was conducted
                              through AKSes.KSEI video conference facility and KSEI Electronic General Meeting System (eASY. KSEI), provided by
                              PT Kustodian Sentral Efek Indonesia in compliance with the provisions of the Financial Services Authority Regulations
                              regarding GMS.

 Ringkasan Risalah            Disampaikan pada tanggal 6 April 2023 melalui Surat No. L.MPM/Corsec-036/IV/2023, melalui situs web Perseroan,
 Summary of Minutes           situs web Bursa Efek Indonesia, dan situs web PT Kustodian Sentral Efek Indonesia. Sementara penyampaian bukti
                              iklan disampaikan kepada Otoritas Jasa Keuangan melalui Surat No. L.MPM/Corsec-037/IV/2023.
                              Submitted on April 6, 2023, through Letter No. L.MPM/Corsec-036/IV/2023, through the Company’s website, Indonesian
                              Stock Exchange website, and PT Kustodian Sentral Efek Indonesia website. Proof of advertising was submitted to the
                              Financial Services Authority through Letter No. L.MPM/Corsec-037/IV/2023.

 Penyampaian Risalah          Disampaikan pada tanggal 18 April 2023 melalui Surat No. L.MPM/Corsec-044/IV/2023.
 Submission of Minutes        Submitted on April 18, 2023, through Letter No. L.MPM/Corsec-044/IV/2023.


Kehadiran RUPS Luar Biasa 6 April 2023
Attendance of the Extraordinary GMS dated April 6, 2023

                                           Kehadiran Anggota Dewan Komisaris dan Direksi
                                    The Presence of Board of Commissioners and Board of Directors

                            Dewan Komisaris                                                                 Direksi
                         Board of Commissioners                                                        Board of Directors

                                      Komisaris                                                                   Direktur
 Tossin Himawan                                                            Beatrice Kartika
                                      Commissioner                                                                Director
                                      Komisaris                                                                   Direktur
 Danny Walla                                                               Titien Supeno
                                      Commissioner                                                                Director
                      Kehadiran Pemegang Saham                                                  Penunjukkan Pihak Independen
                       Shareholders Attendance                                                 Appointment Independent Parties
 RUPS Tahunan dihadiri oleh 3.246.363.429 saham yang memiliki hak          Perseroan telah menunjuk pihak independen yaitu Jose Dima Satria,
 suara yang sah atau setara dengan 74,3513% dari jumlah seluruh saham      S.H., M.Kn. selaku Notaris Publik dan PT Datindo Entrycom selaku Biro
 yang telah dikeluarkan oleh Perseroan.                                    Administrasi Efek untuk melakukan proses penghitungan suara dan/atau
 The Annual GMS was attended by 3,246,363,429 shares with legal voting     melakukan validasi.
 rights or equivalent to 74.3513% of all shares issued by the Company.     The Company appointed independent parties, i.e. Jose Dima Satria, S.H., M.Kn.
                                                                           as Public Notary and PT Datindo Entrycom as Share Registrar to count
                                                                           votes and/or validate them.




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Page 122
                               Pimpinan Rapat                                                       Mekanisme Pengambilan Keputusan
                           Chairman of the Meeting                                                   Mechanism to Adopt Resolutions
  RUPS dipimpin oleh Tossin Himawan selaku Komisaris Perseroan berdasarkan       Mekanisme pengambilan keputusan dilakukan dengan cara musyawarah
  hasil Keputusan Dewan Komisaris Perseroan tanggal 15 Maret 2023.               untuk mufakat. Apabila musyawarah untuk mufakat tidak tercapai maka
  The GMS was chaired by Tossin Himawan as Commissioner of the                   dilakukan melalui pemungutan suara.
  Company based on the results of the Board of Commissioners’ Decision           The mechanism to adopt resolutions was carried out by means of
  dated March 15, 2023.                                                          deliberation for consensus. In the event that deliberation for consensus
                                                                                 was not reached, voting was conducted to adopt resolutions.
                                                                  Jumlah Pertanyaan/Opini
                                                                  Total Questions/Opinions
  Dalam setiap pembahasan mata acara rapat, Perseroan telah memberikan kesempatan kepada Pemegang Saham atau kuasanya untuk dapat
  mengajukan pertanyaan dan/atau pendapat terkait pembahasan setiap mata acara rapat. Sampai dengan ditutupnya rapat, tidak ada pertanyaan
  dan/atau tanggapan dari Pemegang Saham atau kuasanya. Terdapat 1 pertanyaan dari Pemegang Saham, namun tidak berkaitan dengan mata acara
  RUPS Luar Biasa.
  In each discussion of meeting agenda item, the Company provided opportunity for Shareholders or their proxies to ask questions and/or provide
  opinions regarding the discussion of each meeting agenda item. Until the closing of the meeting, there were no questions and/or responses from
  Shareholders or their proxies. There was 1 question from a Shareholder, but it was not related to the agenda item of the Extraordinary GMS.



 Keputusan RUPS Luar Biasa 6 April 2023
 Extraordinary GMS Resolutions dated April 6, 2023

                                                                Mata Acara 1 / Agenda 1:
                                                     Perubahan susunan Direksi Perseroan.
                                        Changes in the composition of the Company’s Board of Directors.

                                       Keputusan Rapat                                                                      Realisasi
                                      Meeting Resolutions                                                                  Realization
  1. Menerima dan menyetujui pengunduran diri Titien Supeno dari jabatannya selaku Direktur             Telah direalisasikan sepenuhnya.
     Perseroan dan karenanya memberikan pelepasan dan pelunasan (acquit et de charge) atas              Has been fully realized.
     tindakannya selama menjabat selaku Direktur Perseroan sampai dengan tanggal efektif
     pengunduran dirinya sepanjang tindakan tersebut tercermin dalam Laporan Keuangan
                                                                                                                   Hasil Pemungutan Suara
     Perseroan dan tidak bertentangan dengan hukum yang berlaku.                                                        Voting Results
  2. Menyetujui susunan Direksi Perseroan dengan masa jabatan terhitung sejak ditutupnya
     rapat ini sampai dengan ditutupnya RUPS Tahunan tahun buku 2022 yang akan diadakan                                                         (0,0251%)
     pada tahun 2023, sebagai berikut:
     Direktur Utama       : Suwito Mawarwati                                                             (99,9742%)                             (0,0008%)
     Direktur             : Beatrice Kartika
     Direktur             : Ivan
  3. Menyetujui untuk memberikan kuasa dan wewenang kepada Direksi Perseroan dengan hak
     substitusi untuk melaksanakan segala tindakan yang diperlukan dalam rangka pelaksanaan
     atas hal-hal yang disampaikan dan/atau diputuskan dalam mata acara rapat ini, termasuk
     tetapi tidak terbatas untuk menyatakan kembali sebagian atau seluruh keputusan tersebut
     di atas ke dalam suatu akta notaris, mengajukan permohonan kepada pihak/pejabat
     yang berwenang dan melakukan pemberitahuan atas perubahan pengurus Perseroan
     kepada Kementerian Hukum dan Hak Asasi Manusia Republik Indonesia, sepanjang tidak                   Setuju       : 3.245.524.329 saham
     bertentangan dengan ketentuan peraturan perundang-undangan yang berlaku.                             Agree          3,245,524,329 shares
  1. To accept and approve the resignation of Titien Supeno from her position as Director of the          Abstain      : 814.700 saham
     Company and therefore grant release and discharge (acquit et de charge) for her actions            		               814,700 shares
     while serving as Director of the Company until the effective date of her resignation to the          Tidak Setuju : 24.400 saham
     extent that those actions are reflected in the Company’s Financial Statements and do not             Disagree       24,400 shares
     conflict with the applicable law.
  2. To approve the composition of the Company’s Board of Directors with terms of office
     effective since the closing of this meeting until the closing of the Annual GMS for the 2022
     fiscal year held in 2023, as follows:
     President Director : Suwito Mawarwati
     Director               : Beatrice Kartika
     Director               : Ivan
  3. To approve granting power and authority to the Company’s Board of Directors, with
     substitution rights, to perform all actions deemed necessary to implement all matters
     discussed and/or resolved in the meeting agenda, including but not limited to, restating part
     of or the entire resolutions in a notary deed, filing any approval application to the authorized
     parties/officials, and submitting notification on the changes in the Company’s management
     to the Ministry of Law and Human Rights of the Republic of Indonesia, to the extent such
     actions do not conflict with the prevailing laws and regulations.




         PT Mitra Pinasthika Mustika Tbk
120      Laporan Tahunan 2023 Annual Report
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                                                                                                                                                   Tata Kelola Perusahaan
                                                                                                                                               Good Corporate Governance




RUPS Luar Biasa 15 Agustus 2023                                                                  Extraordinary GMS dated August 15, 2023

Tahapan RUPS Luar Biasa 15 Agustus 2023
Stages in the Extraordinary GMS dated August 15, 2023

 Pemberitahuan Rencana                Disampaikan kepada Otoritas Jasa Keuangan pada tanggal 27 Juni 2023 melalui Surat No. L.MPM/Corsec-070/VI/2023.
 dan Mata Acara                       Submitted to the Financial Services Authority on June 27, 2023, through Letter No. L.MPM/Corsec-070/VI/2023.
 Notification of Plans
 and Agenda Item
 Pengumuman                           Disampaikan pada tanggal 7 Juli 2023 melalui Surat No. L.MPM/Corsec-079/VII/2023, melalui situs web Perseroan,
 Announcement                         situs web Bursa Efek Indonesia, dan situs web PT Kustodian Sentral Efek Indonesia. Sementara penyampaian bukti
                                      iklan disampaikan kepada Otoritas Jasa Keuangan melalui Surat No. L.MPM/Corsec-080/VII/2023.
                                      Submitted on July 7, 2023, through Letter No. L.MPM/Corsec-079/VII/2023, through the Company’s website, Indonesian
                                      Stock Exchange website, and PT Kustodian Sentral Efek Indonesia website. Proof of advertising was submitted to the
                                      Financial Services Authority through Letter No. L.MPM/Corsec-080/VII/2023.

 Pemanggilan                          Disampaikan pada tanggal 24 Juli 2023 melalui Surat No. L.MPM/Corsec-085/VII/2023, melalui situs web Perseroan,
 Notice                               situs web Bursa Efek Indonesia, dan situs web PT Kustodian Sentral Efek Indonesia. Sementara penyampaian bukti
                                      iklan disampaikan kepada Otoritas Jasa Keuangan melalui Surat No. L.MPM/Corsec-086/VII/2023.
                                      Submitted on July 24, 2023, through Letter No. L.MPM/Corsec-085/VII/2023, through the Company’s website,
                                      Indonesian Stock Exchange website, and PT Kustodian Sentral Efek Indonesia website. Proof of advertising was
                                      submitted to the Financial Services Authority through Letter No. L.MPM/Corsec-086/VII/2023.

 Pelaksanaan                          Dilaksanakan secara fisik pada tanggal 15 Agustus 2023 di Lippo Kuningan Lt. 26, Jl. HR Rasuna Said Kav. B-12, Karet
 Implementation                       Kuningan, Jakarta Selatan (untuk profesi penunjang pasar modal dan manajemen Perseroan). Sementara pelaksanaan
                                      secara elektronik (e-RUPS) menggunakan fasilitas video konferensi AKSes.KSEI dan fasilitas Electronic General
                                      Meeting System KSEI (eASY. KSEI) yang disediakan oleh PT Kustodian Sentral Efek Indonesia dengan memenuhi
                                      ketentuan Peraturan Otoritas Jasa Keuangan terkait RUPS.
                                      Held in-person on August 15, 2023, at Lippo Kuningan Lt. 26th, Jl. HR Rasuna Said Kav. B-12, Karet Kuningan, South
                                      Jakarta (for capital market supporting professions and Company management). Electronic (e-GMS) method was
                                      conducted through AKSes.KSEI video conference facility and KSEI Electronic General Meeting System (eASY. KSEI)
                                      provided by PT Kustodian Sentral Efek Indonesia in compliance with the provisions of the Financial Services Authority
                                      Regulations regarding GMS.

 Ringkasan Risalah                    Disampaikan pada tanggal 16 Agustus 2023 melalui Surat No L.MPM/Corsec-093/VIII/2023, melalui situs web Perseroan,
 Summary of Minutes                   situs web Bursa Efek Indonesia, dan situs web PT Kustodian Sentral Efek Indonesia. Sementara penyampaian bukti iklan
                                      disampaikan kepada Otoritas Jasa Keuangan melalui Surat No. L.MPM/Corsec-094/VIII/2023.
                                      Submitted on August 16, 2023, through Letter No. L.MPM/Corsec-093/VIII/2023, through the Company’s website,
                                      Indonesian Stock Exchange website, and PT Kustodian Sentral Efek Indonesia website. Proof of advertising was
                                      submitted to the Financial Services Authority through Letter No. L.MPM/Corsec-094/VIII/2023.

 Penyampaian Risalah                  Disampaikan pada tanggal 12 September 2023 melalui Surat No. L.MPM/Corsec-096/IX/2023.
 Submission of Minutes                Submitted on September 12, 2023, through Letter No. L.MPM/Corsec-096/IX/2023.


Kehadiran RUPS Luar Biasa 15 Agustus 2023
Attendance of the Extraordinary GMS dated August 15, 2023

                                                    Kehadiran Anggota Dewan Komisaris dan Direksi
                                             The Presence of Board of Commissioners and Board of Directors

                                 Dewan Komisaris                                                                              Direksi
                              Board of Commissioners                                                                     Board of Directors

                                               Komisaris                                                                            Direktur
 Tossin Himawan                                                                              Beatrice Kartika
                                               Commissioner                                                                         Director
                                               Komisaris                                                                            Direktur
 Danny Walla                                                                                 Kemal Mawira
                                               Commissioner                                                                         Director
                                               Komisaris Independen                                                                 Direktur
 Istama Tatang Siddharta*                                                                    Ivan
                                               Independent Commissioner                                                             Director
                           Kehadiran Pemegang Saham                                                               Penunjukkan Pihak Independen
                            Shareholders Attendance                                                              Appointment Independent Parties
 RUPS Luar Biasa dihadiri oleh 3.227.439.853 saham yang memiliki hak                         Perseroan telah menunjuk pihak independen yaitu Jose Dima Satria, S.H., M.Kn.
 suara yang sah atau setara dengan 73,9179% dari jumlah seluruh saham                        selaku Notaris Publik dan PT Datindo Entrycom selaku Biro Administrasi Efek
 yang telah dikeluarkan oleh Perseroan.                                                      untuk melakukan proses penghitungan suara dan/atau melakukan validasi.
 The Extraordinary GMS was attended by 3,227,439,853 shares with legal                       The Company appointed independent parties, i.e. Jose Dima Satria, S.H., M.Kn.
 voting rights or equivalent of 73.9179% of the total shares issued by the                   as Public Notary and PT Datindo Entrycom as Share Registrar to count
 Company.                                                                                    votes and/or validate them.
                                  Pimpinan Rapat                                                                Mekanisme Pengambilan Keputusan
                              Chairman of the Meeting                                                            Mechanism to Adopt Resolutions
 RUPS dipimpin oleh Tossin Himawan selaku Komisaris Perseroan berdasarkan                    Mekanisme pengambilan keputusan dilakukan dengan cara musyawarah
 hasil Keputusan Dewan Komisaris Perseroan tanggal 28 Juli 2023.                             untuk mufakat. Apabila musyawarah untuk mufakat tidak tercapai maka
 The GMS was chaired by Tossin Himawan as Commissioner of the                                dilakukan melalui pemungutan suara.
 Company based on the results of the Board of Commissioners’ Decision                        The mechanism to adopt resolutions was carried out by means of
 dated July 28, 2023.                                                                        deliberation for consensus. In the event that deliberation for consensus
                                                                                             was not reached, voting was conducted to adopt resolutions.
* Hadir secara online melalui video telekonferensi. / Present online via video teleconference.



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                                                                  Jumlah Pertanyaan/Opini
                                                                  Total Questions/Opinions
  Dalam setiap pembahasan mata acara rapat, Perseroan telah memberikan kesempatan kepada Pemegang Saham atau kuasanya untuk dapat
  mengajukan pertanyaan dan/atau pendapat terkait pembahasan setiap mata acara rapat. Sampai dengan ditutupnya rapat, tidak ada pertanyaan
  dan/atau tanggapan dari Pemegang Saham atau kuasanya.
  In each discussion of meeting agenda item, the Company provided opportunity for Shareholders or their proxies to ask questions and/or provide
  opinions regarding the discussion of each meeting agenda item. Until the closing of the meeting, there were no questions and/or responses from
  Shareholders or their proxies.



 Keputusan RUPS Luar Biasa 15 Agustus 2023
 Extraordinary GMS Resolutions dated August 15, 2023

                                                                Mata Acara 1 / Agenda 1:
                                                     Perubahan susunan Direksi Perseroan.
                                        Changes in the composition of the Company’s Board of Directors.

                                       Keputusan Rapat                                                                      Realisasi
                                      Meeting Resolutions                                                                  Realization
  1. Menerima dan menyetujui pengunduran diri Ivan dari jabatannya selaku Direktur                      Telah direalisasikan sepenuhnya.
     Perseroan dan karenanya memberikan pelepasan dan pelunasan (acquit et de charge) atas              Has been fully realized.
     tindakannya selama menjabat selaku Direktur Perseroan sampai dengan tanggal efektif
                                                                                                                   Hasil Pemungutan Suara
     pengunduran dirinya sepanjang tindakan tersebut tercermin dalam Laporan Keuangan
     Perseroan dan tidak bertentangan dengan hukum yang berlaku.
                                                                                                                        Voting Results
  2. Menyetujui susunan Direksi Perseroan dengan masa jabatan terhitung sejak ditutupnya
     rapat ini sampai dengan ditutupnya RUPS Tahunan tahun buku 2027 yang akan diadakan
     pada tahun 2028, sebagai berikut:                                                                   (99,9969%)                             (0,0031%)
     Direktur Utama		 : Suwito Mawarwati
     Direktur		 : Beatrice Kartika
     Direktur		 : Kemal Mawira
  3. Menyetujui untuk memberikan kuasa dan wewenang kepada Direksi Perseroan dengan
     hak substitusi untuk melaksanakan segala tindakan yang diperlukan dalam rangka
     pelaksanaan atas hal-hal yang disampaikan dan/atau diputuskan dalam mata acara
     rapat ini, termasuk tetapi tidak terbatas untuk menyatakan kembali sebagian atau seluruh
     keputusan tersebut di atas ke dalam suatu akta notaris, mengajukan permohonan kepada
     pihak/pejabat yang berwenang dan melakukan pemberitahuan atas perubahan pengurus                     Setuju       : 3.227.339.753 saham
     Perseroan kepada Kementerian Hukum dan Hak Asasi Manusia Republik Indonesia,                         Agree          3,227,339,753 shares
     sepanjang tidak bertentangan dengan ketentuan peraturan perundang-undangan                           Abstain      : 100.100 saham
     yang berlaku.                                                                                      		               100,100 shares
  1. To accept and approve the resignation of Ivan from his position as Director of the Company           Tidak Setuju : 0 saham
     and therefore grant release and discharge (acquit et de charge) for his actions while serving        Disagree       0 shares
     as Director of the Company until the effective date of his resignation to the extent that those
     actions are reflected in the Company’s Financial Statements and do not conflict with the
     applicable law.
  2. To approve the composition of the Company’s Board of Directors with terms of office
     effective since the closing of this meeting until the closing of the Annual GMS for the 2027
     fiscal year held in 2028, as follows:
     President Director : Suwito Mawarwati
     Director             : Beatrice Kartika
     Director             : Kemal Mawira
  3. To approve granting power and authority to the Company’s Board of Directors, with
     substitution rights, to perform all actions deemed necessary to implement all matters
     discussed and/or resolved in the meeting agenda, including but not limited to, restating part
     of or the entire resolutions in a notary deed, filing any approval application to the authorized
     parties/officials, and submitting notification on the changes in the Company’s management
     to the Ministry of Law and Human Rights of the Republic of Indonesia, to the extent such
     actions do not conflict with the prevailing laws and regulations.




 Tindak Lanjut Keputusan RUPS Tahun 2022                                            Follow-up of the 2022 GMS Resolutions

 Hingga Laporan Tahunan ini diterbitkan, seluruh keputusan                          Until this Annual Report is published, all resolutions of the
 RUPS Tahunan dan Luar Biasa 2022 telah direalisasikan                              2022 Annual and Extraordinary GMS had been fully realized.
 sepenuhnya. Penjelasan atas setiap keputusan RUPS Tahunan                          Explanations for each resolution of the 2022 Annual and
 dan Luar Biasa 2022 diuraikan sebagai berikut:                                     Extraordinary GMS are described as follows:




         PT Mitra Pinasthika Mustika Tbk
122      Laporan Tahunan 2023 Annual Report
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                                                                                                          Tata Kelola Perusahaan
                                                                                                      Good Corporate Governance




Agenda Keputusan RUPS Tahunan 18 Mei 2022                       Resolutions of Annual GMS dated May 18, 2022
1. Persetujuan Laporan Tahunan Direksi, Laporan Tugas           1. Approval of the Board of Directors’ Annual Report, Board of
   Pengawasan Dewan Komisaris, serta pengesahan Laporan            Commissioners’ Supervisory Report, as well as ratification
   Keuangan Konsolidasian Perseroan tahun buku 2021                of the Company’s Consolidated Financial Statements of
   sekaligus pemberian pelunasan dan pembebasan tanggung           the 2021 fiscal year as well as granting of full release and
   jawab sepenuhnya (acquit et de charge) kepada Direksi dan       discharge (acquit et de charge) to the Company’s Board of
   Dewan Komisaris Perseroan atas tindakan pengurusan dan          Directors and Board of Commissioners for their management
   pengawasan yang telah dijalankan selama tahun buku 2021.        and supervisory duties throughout the 2021 fiscal year.
2. Penetapan penggunaan laba tahun berjalan Perseroan           2. Appropriation of the use of the Company’s 2021 profit for
   tahun buku 2021.                                                the year.
3. Penunjukan akuntan publik dan/atau kantor akuntan publik     3. Appointment of public accountant and/or public accounting f
   untuk memberikan jasa audit atas Laporan Keuangan               irm to provide audit services on the Company’s Consolidated
   Konsolidasian Perseroan tahun buku 2022.                        Financial Statements for the 2022 fiscal year.
4. Penetapan gaji atau honorarium dan tunjangan lainnya bagi    4. Determination of salary or honorarium and other
   anggota Direksi dan Dewan Komisaris.                            allowances for the Company’s Board of Directors and Board
                                                                   of Commissioners.


Agenda Keputusan RUPS Luar Biasa 18 Mei 2022                    Resolutions of Extraordinary GMS dated
                                                                May 18, 2022
1. Persetujuan penggunaan sebagian saldo laba tahun buku        1. Approval of the use of a portion of the 2021 profit for the
   2021.                                                           year.
2. Laporan pengalihan atas hasil pembelian kembali saham        2. Report of transfer of the proceeds from share buyback or
   atau saham tresuri Perseroan dengan cara pelaksanaan            treasury shares through long-term incentive program.
   program insentif jangka panjang Perseroan.




Dewan Komisaris
Board of Commissioners


Dewan Komisaris berperan untuk melakukan pengawasan             Board of Commissioners has role to supervise the Company
terhadap pengelolaan Perseroan, yang dilakukan oleh Direksi,    management, which is carried out by the Board of Directors, by
dengan memberikan rekomendasi dan nasihat terkait kebijakan     providing recommendations and advice regarding the policies
yang diambil. Dewan Komisaris menjalankan tugasnya dengan       taken. The Board of Commissioners performs its duties
senantiasa mempertimbangkan visi, misi, dan tujuan Perseroan,   by always considering the Company’s vision, mission, and
serta memastikan bahwa pengelolaan yang dilakukan Direksi       objectives, as well as ensuring that the management carried out
tetap berpegang pada prinsip-prinsip tersebut.                  by the Board of Directors remains adhering to these principles.



Kriteria Dewan Komisaris                                        Criteria for Board of Commissioners

Dewan Komisaris harus memenuhi kriteria yang telah ditetapkan   The Board of Commissioners must meet the criteria determined
sesuai dengan peraturan perundang-undangan dan Pedoman          in accordance with the laws and regulations and the Board of
Dewan Komisaris untuk dapat diangkat menjadi anggota            Commissioners Charter in order to be appointed as members of the
Dewan Komisaris Perseroan. Kriteria tersebut sebagai berikut:   Company’s Board of Commissioners. The criteria are as follows:
1. Mempunyai akhlak, moral, dan integritas yang baik;           1. Possess good character, moral, and integrity;
2. Cakap melakukan perbuatan hukum;                             2. Be capable of taking legal actions;
3. Dalam 5 tahun sebelum pengangkatan dan selama                3. Within 5 years prior to the appointment and during the
   menjabat tidak pernah dinyatakan pailit, tidak pernah            tenure, never been declared bankrupt, never been a member
   menjadi anggota Dewan Komisaris yang dinyatakan                  of Board of Commissioners responsible for causing a




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Page 126
    bersalah menyebabkan perusahaan dinyatakan pailit, tidak         company to go bankrupt, never been convicted of any
    pernah dihukum karena melakukan tindak pidana yang               crime causing losses to the state finance and/or related
    merugikan keuangan negara dan/atau yang berkaitan                to financial sector, and never been a member of Board of
    dengan sektor keuangan, dan tidak pernah menjadi anggota         Commissioners:
    Dewan Komisaris yang selama menjabat:
    a. Pernah tidak menyelenggarakan RUPS Tahunan;                  a. Who failed to organize Annual GMS;
    b. Pertanggungjawabannya sebagai anggota Dewan                  b. Whose accountability as a member of Board of
        Komisaris pernah tidak diterima oleh RUPS atau pernah           Commissioners was rejected in a GMS or who failed
        tidak memberikan pertanggungjawaban sebagai                     to provide accountability as a member of Board of
        anggota Dewan Komisaris kepada RUPS; serta                      Commissioners to a GMS; and
    c. Pernah menyebabkan perusahaan yang memperoleh                c. Who caused a company with license or approval from,
        izin, persetujuan, atau pendaftaran dari Otoritas Jasa          or that is registered with, Financial Services Authority, to
        Keuangan tidak memenuhi kewajiban menyampaikan                  fail to meet its obligation in submitting Annual Report
        Laporan Tahunan dan/atau Laporan Keuangan kepada                and/or Financial Statements to the Financial Services
        Otoritas Jasa Keuangan;                                         Authority;
 4. Memiliki komitmen untuk mematuhi peraturan perundang-        4. Be committed to comply with laws and regulations; and
    undangan; serta
 5. Memiliki pengetahuan dan/atau keahlian sesuai dengan         5. Possess knowledge and/or expertise in accordance with
    bidang pekerjaannya.                                            the field of work.



 Dasar Hukum, Pengangkatan/Pemilihan,                            Legal Basis, Appointment/Selection, and
 dan Pemberhentian/Pengunduran Diri                              Dismissal/Resignation of the Board of
 Dewan Komisaris                                                 Commissioners

 RUPS dapat mengangkat dan memberhentikan setiap anggota         The GMS shall appoint and dismiss each member of the Board
 Komisaris berdasarkan Piagam Dewan Komisaris, dengan            of Commissioners based on the Board of Commissioners Charter,
 memperhatikan ketentuan Undang-Undang No. 40 Tahun 2007,        with due observance of the provisions of Law No. 40 of 2007,
 Peraturan Otoritas Jasa Keuangan No. 33/POJK.04/2014, dan       Financial Services Authority Regulation No. 33/POJK.04/2014, and
 Anggaran Dasar Perseroan. Dalam hal anggota Dewan Komisaris     the Company’s Articles of Association. In the event that a member
 mengundurkan diri, maka RUPS dalam membuat keputusan wajib      of the Board of Commissioners resigns, the GMS, in adopting
 memperhatikan ketiga landasan hukum tersebut.                   resolutions, must pay attention to these three legal bases.


 Usulan pengangkatan, pemberhentian dan/atau penggantian         Proposals for appointment, dismissal, and/or replacement of
 anggota Komisaris kepada RUPS harus memperhatikan               Commissioners to the GMS must consider recommendations
 rekomendasi dari Komite Nominasi dan Remunerasi. Komite         from the Nomination and Remuneration Committee.
 Nominasi dan Remunerasi mengkaji komposisi dan besarnya         The Nomination and Remuneration Committee reviews the
 keanggotaan Dewan Komisaris untuk memastikan bahwa              composition and size of the Board of Commissioners to
 anggota Dewan Komisaris memiliki keahlian yang memadai          ensure that the members have adequate expertise and come
 dan berasal dari berbagai latar belakang yang diperlukan        from diverse backgrounds as required by the Company. The
 Perseroan. Selanjutnya, Komite Nominasi dan Remunerasi          Nomination and Remuneration Committee then recommends
 memberikan rekomendasi kandidat anggota Dewan Komisaris         the Board of Commissioners a list of candidates for
 kepada Dewan Komisaris untuk dimintakan persetujuan atas        Commissioners to be proposed to the GMS for approval.
 pengangkatan Dewan Komisaris kepada RUPS.



 Masa Jabatan Dewan Komisaris                                    Term of Office of the Board of
                                                                 Commissioners

 Berdasarkan Anggaran Dasar Perseroan, Dewan Komisaris           Based on the Company’s Articles of Association, the Board of
 diangkat dan diberhentikan oleh RUPS untuk masa jabatan         Commissioners is appointed and dismissed by the GMS for a
 terhitung sejak pengangkatannya sampai penutupan RUPS           term of office starting from the appointment date to the closing
 Tahunan tahun kelima, dengan tidak mengurangi hak RUPS          of the fifth Annual GMS, without prejudice to the GMS rights to
 untuk sewaktu-waktu memberhentikan anggota Dewan                dismiss the members of the Board of Commissioners at any
 Komisaris.                                                      time.




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                                                                                                            Tata Kelola Perusahaan
                                                                                                        Good Corporate Governance




Sementara masa jabatan Komisaris Independen paling banyak 2       Meanwhile, the term of office of an Independent Commissioner is
periode berturut-turut. Anggota Komisaris Independen yang telah   no more than 2 consecutive terms. Independent Commissioners
menjabat selama 2 periode dapat diangkat kembali pada periode     who have served for 2 terms can be reappointed in the following
berikutnya sepanjang Komisaris Independen tersebut membuat        period as long as the Independent Commissioner makes a
pernyataan independensi sesuai dengan Pasal 25 Peraturan          statement of independence in accordance with Article 25 of
Otoritas Jasa Keuangan No. 33/POJK.04/2014. Apabila               Financial Services Authority Regulation No. 33/POJK.04/2014. In
Komisaris Independen menjabat sebagai Ketua Komite Audit,         the event that the Independent Commissioner serves as Chairman
maka Komisaris Independen tersebut hanya dapat diangkat           of the Audit Committee, then the Independent Commissioner can
kembali sebagai Komite Audit untuk 1 periode mendatang.           only be reappointed as the Audit Committee for 1 future period.



Komposisi Dewan Komisaris                                         Composition of Board of Commissioners

Berikut komposisi Dewan Komisaris Perseroan per 31 Desember       The following is composition of the Company’s Board of
2023 yang diangkat berdasarkan Keputusan RUPS Tahunan             Commissioners as of December 31, 2023, appointed based on
tanggal 24 Mei 2023 (2023-2028):                                  the Annual GMS Resolution dated May 24, 2023 (2023-2028):
Komisaris Utama        : Edwin Soeryadjaya                        President Commissioner     : Edwin Soeryadjaya
Komisaris              : Tossin Himawan                           Commissioner               : Tossin Himawan
Komisaris              : Danny Walla                              Commissioner               : Danny Walla
Komisaris Independen : Istama Tatang Siddharta                    Independent Commissioner : Istama Tatang Siddharta
Komisaris Independen : Benny Redjo Setyono                        Independent Commissioner : Benny Redjo Setyono



Kebijakan Rangkap Jabatan Dewan                                   Policy on Concurrent Positions of the
Komisaris                                                         Board of Commissioners

Berdasarkan Pedoman Dewan Komisaris, anggota Dewan                Based on the Board of Commissioners Charter, members of the
Komisaris dapat merangkap jabatan sebagai:                        Board of Commissioners can hold concurrent positions as:
1. Anggota Direksi paling banyak pada 2 perusahaan atau           1. Members of the Board of Directors at 2 other companies or
    perusahaan publik lainnya;                                       public companies the most;
2. Anggota Dewan Komisaris paling banyak pada 2 perusahaan        2. Members of the Board of Commissioners at 2 other
    atau perusahaan publik lainnya;                                  companies or public companies the most;
3. Dalam hal anggota Dewan Komisaris tidak merangkap              3. In the event that a member of the Board of Commissioners
    jabatan sebagai anggota Direksi, anggota Dewan Komisaris         does not hold concurrent position as a member of the Board
    yang bersangkutan dapat merangkap jabatan sebagai                of Directors, such member of the Board of Commissioners
    anggota Dewan Komisaris paling banyak pada 4 perusahaan          may hold concurrent positions as a member of the Board of
    atau perusahaan publik lainnya; serta                            Commissioners at 4 other companies or public companies
                                                                     the most; and
4. Anggota Dewan Komisaris dapat merangkap sebagai                4. Members of the Board of Commissioners may concurrently
   anggota komite paling banyak pada 5 komite di perusahaan          serve as committee members at 5 committees the most in
   atau perusahaan publik, di mana yang bersangkutan juga            a company or public company, where the person concerned
   menjabat sebagai anggota Dewan Komisaris atau anggota             also serves as a member of the Board of Commissioners or
   Direksi.                                                          a member of the Board of Directors.



Pedoman Dewan Komisaris                                           Board of Commissioners Charter

Dewan Komisaris telah memiliki Pedoman Dewan Komisaris            The Board of Commissioners has established the Board of
yang telah diperbarui pada tanggal 17 Desember 2020. Pedoman      Commissioners Charter, which was updated on December 17, 2020.
Dewan Komisaris ini ditujukan untuk memberikan arahan bagi        This Board of Commissioners Charter is intended to provide
Dewan Komisaris dalam melaksanakan tugas dan tanggung             directions for the Board of Commissioners in performing its
jawabnya.                                                         duties and responsibilities.




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 Komisaris Independen                                                         Independent Commissioner

 Berdasarkan      Peraturan      Otoriotas  Jasa     Keuangan                 Based on the Financial Services Authority Regulation
 No. 33/POJK.04/2014 tentang Direksi dan Dewan Komisaris                      No. 33/POJK.04/2014 on Board of Directors and Board of
 Emiten atau Perusahaan Publik, Komisaris Independen wajib                    Commissioners of Issuers or Public Companies, Independent
 paling sedikit berjumlah 30% dari jumlah anggota Dewan                       Commissioners shall at least be 30% of the total members of the
 Komisaris. Komposisi Dewan Komisaris Perseroan per                           Board of Commissioners. The Company’s Board of Commissioners
 31 Desember 2023 berjumlah 5 orang, yang terdiri dari 1 orang                as of December 31, 2023, consisted of 5 members, comprising
 Komisaris Utama, 2 Komisaris, dan 2 Komisaris Independen.                    1 President Commissioner, 2 Commissioners, and 2 Independent
 Dengan demikian, komposisi Komisaris Independen Perseroan                    Commissioners. Therefore, the composition of the Company’s
 lebih dari 30% dari seluruh jumlah Dewan Komisaris.                          Independent Commissioners is more than 30% of the total
                                                                              member of Board of Commissioners.


 Independensi Komisaris Independen                                            Independency of Independent Commissioner
 Anggota Komisaris Independen Perseroan wajib memenuhi                        Members of the Company’s Independent Commissioners are
 persyaratan independensi sebagai berikut:                                    required to fulfill the following independency requirements:


                                    Aspek Independensi                                             Istama Tatang            Benny Redjo
                                   Aspect of Independence                                             Siddharta               Setyono

  Bukan merupakan orang yang bekerja atau mempunyai wewenang dan tanggung jawab untuk
  merencanakan, memimpin, mengendalikan, atau mengawasi kegiatan Perseroan dalam waktu
  6 bulan terakhir, kecuali untuk pengangkatan kembali pada periode berikutnya.
  Not an individual who worked or had the authority and responsibility to plan, lead, control,
  or supervise the Company’s activities within the last 6 months, unless in the context of
  reappointment for the following term.
  Tidak mempunyai saham baik langsung maupun tidak langsung pada Perseroan.
  Not owning shares at the Company, directly or indirectly.
  Tidak mempunyai hubungan afiliasi dengan Perseroan, anggota Dewan Komisaris, anggota
  Direksi, atau Pemegang Saham Utama Perseroan.
  Not having any affiliation with the Company, members of Board of Commissioners, members of
  Board of Directors, or the Company’s Major Shareholders.
  Tidak mempunyai hubungan usaha baik langsung maupun tidak langsung yang berkaitan
  dengan kegiatan usaha Perseroan.
  Not having business relationship, either directly or indirectly, associated with the Company’s
  business activities.




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

 Tugas dan tanggung jawab Dewan Komisaris berdasarkan                         The Board of Commissioners’ duties and responsibilities based
 Pedoman Dewan Komisaris sebagai berikut:                                     on the Board of Commissioners Charter are as follows:
 1. Melaksanakan pengawasan terhadap pelaksanaan tugas                        1. To supervise the performance of the Board of Directors’
    dan tanggung jawab Direksi, serta memberikan nasihat                          duties and responsibilities as well as to provide advice to
    kepada Direksi;                                                               the Board of Directors;
 2. Memastikan terselenggaranya pelaksanaan GCG pada                          2. To ensure the implementation of GCG principles in the
    setiap kegiatan usaha Perseroan di seluruh tingkatan atau                     Company’s business activities throughout all organizational
    jenjang organisasi;                                                           levels;
 3. Membentuk komite-komite di bawah Dewan Komisaris                          3. To establish committees under its supervision to support
    guna mendukung efektivitas pelaksanaan tugas dan                              the effective performance of its duties and responsibilities;
    tanggung jawab Dewan Komisaris;
 4. Memastikan bahwa komite yang telah dibentuk senantiasa                    4. To ensure that the committees established perform their
    menjalankan tugasnya secara efektif;                                         duties effectively;
 5. Melakukan koordinasi dengan Direksi dalam menumbuhkan,                    5. To coordinate with the Board of Directors to develop, ensure,
    memastikan, dan mengawasi kepatuhan Perseroan                                and supervise the Company’s compliance with internal and
    terhadap peraturan internal maupun eksternal;                                external regulations;
 6. Memberikan kuasa khusus kepada 1 orang anggota Dewan                      6. To confer special power upon 1 member of the Board of
    Komisaris untuk mengambil tindakan yang bersifat rutin                       Commissioners to take any routine and non-strategical
    dan tidak strategis;                                                         action;



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                                                                                                               Tata Kelola Perusahaan
                                                                                                           Good Corporate Governance




7. Memberikan persetujuan atas tindakan Direksi sebagaimana          7. To approve the following actions by the Board of Directors
   ditetapkan dalam Anggaran Dasar Perseroan, yaitu:                    as specified in the Company’s Articles of Association:
   a. Meminjam atau meminjamkan uang atas nama                          a. Borrowing or lending money on behalf of the Company
        Perseroan (tidak termasuk pengambilan uang perseroan                  (excluding withdrawals of the Company’s money in
        di bank-bank) dengan jumlah Rp15.000.000.000,- atau                   banks) in the amount of Rp15,000,000,000 or more. The
        lebih. Ketentuan pinjam meminjam antara Perseroan                     terms of borrowing and lending between the Company
        dengan Entitas Anak wajib mengacu pada peraturan                      and its Subsidiaries must refer to the prevailing
        pasar modal Indonesia yang berlaku;                                   Indonesian capital market regulations;
   b. Mendirikan suatu usaha atau turut serta pada perusahaan           b. Establishing a business or participating in any other
        lain baik di dalam maupun di luar negeri ataupun melakukan            company, domestic or foreign, or making additional
        penambahan penyertaan pada perusahaan lain;                           equity in any other company;
   c. Membeli, menjual, memindahtangankan dan/atau                      c. Buying, selling, transferring, and/or writing off any of
        menghapus aset milik Perseroan dengan nilai                           the Company’s assets worth of Rp15,000,000,000 or
        Rp15.000.000.000,- atau lebih;                                        more;
   d. Melepaskan penyertaan modal pada Entitas Anak di                  d. Releasing capital equity in any Subsidiary, domestic or
        dalam maupun di luar negeri; serta                                    overseas; and
   e. Memberikan jaminan perusahaan.                                    e. Issuing any corporate guarantee.
8. Memberikan tinjauan dan rekomendasi atas transaksi                8. To provide reviews and recommendations on material
   afiliasi dan pihak terkait yang bersifat material.                   affiliated and related party transactions.



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

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



Pelaksanaan Tugas Dewan Komisaris                                    Implementation of the Board of
                                                                     Commissioners’ Duties

Sepanjang 2023, Dewan Komisaris Perseroan telah                      Throughout 2023, the Company’s Board of Commissioners
melaksanakan tugas dan tanggung jawabnya yang meliputi:              carried out its duties and responsibilities including:
1. Melakukan penelaahan secara berkala dan memberikan                1. Reviewed regularly and provided recommendations and
   rekomendasi dan nasihat kepada Direksi atas kinerja                   advices to the Board of Directors regarding the Company’s
   Perseroan;                                                            performance;
2. Memberikan persetujuan atas pengangkatan kembali dan              2. Approved the reappointment and changes to the composition
   perubahan susunan Komite Nominasi dan Remunerasi,                     of the Nomination and Remuneration Committee, GCG
   Komite GCG, dan Komite Audit;                                         Committee, and Audit Committee;
3. Melakukan evaluasi secara berkala terhadap kinerja Direksi        3. Conducting regular evaluations of the performance of the
   dan komite di bawahnya melalui rapat reguler yang diadakan            Board of Directors and its subordinate committees through
   di sepanjang tahun 2023, guna memastikan pihak-pihak                  regular meetings held throughout 2023, to ensure that the
   terkait menjalankan tugasnya secara efektif; serta                    related parties perform their duties effectively; and
4. Melaksanakan RUPS Tahunan untuk tahun buku 2022 dan               4. Held the 2022 Annual GMS and Extraordinary GMS.
   RUPS Luar Biasa.




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 Rapat Dewan Komisaris                                                      Board of Commissioners’ Meetings

 Sesuai dengan Anggaran Dasar dan peraturan perundang-                      Pursuant to the Articles of Association and regulations, the
 undangan, Dewan Komisaris wajib melakukan rapat paling sedikit             Board of Commissioners is required to hold a meeting at least
 1 kali dalam 2 bulan atau setiap waktu apabila dianggap perlu              once every 2 months or at any time deemed necessary by one
 oleh seorang atau lebih anggota Dewan Komisaris. Selain itu,               or more members of the Board of Commissioners. In addition,
 Dewan Komisaris wajib mengadakan rapat gabungan bersama                    the Board of Commissioners is required to hold joint meetings
 Direksi paling sedikit 1 kali dalam 4 bulan. Dewan Komisaris               with the Board of Directors at least once every 4 months. The
 dibantu oleh Sekretaris Perusahaan menentukan jadwal rapat                 Board of Commissioners is assisted by the Corporate Secretary
 Dewan Komisaris untuk periode 1 tahun sebelum memasuki                     in determining the Board of Commissioners’ meeting schedule
 tahun buku tersebut dan dapat disesuaikan apabila diperlukan.              for a period of 1 year prior to entering the fiscal year and the
                                                                            schedule may be adjusted if necessary.


 Komisaris Utama memimpin jalannya rapat-rapat Dewan                        The President Commissioner leads the proceedings of the
 Komisaris. Dalam hal Komisaris Utama tidak dapat hadir atau                Board of Commissioners’ meetings. In the event that the
 berhalangan, hal mana tidak perlu dibuktikan kepada pihak                  President Commissioner is unable to attend or is unavailable,
 ketiga, maka rapat Dewan Komisaris akan dipimpin oleh                      which not necessarily be proven to a third party, the Board of
 seorang yang dipilih oleh dan dari anggota Dewan Komisaris                 Commissioners’ meeting will be chaired by a person selected
 yang hadir. Rapat Dewan Komisaris dinyatakan sah dan berhak                by and from the members of the Board of Commissioners
 mengambil keputusan yang mengikat hanya apabila lebih dari                 present. The Board of Commissioners’ meeting is legitimate
 ½ dari jumlah anggota Dewan Komisaris hadir atau diwakilkan                and entitled to make binding decisions only if more than ½ of
 dalam rapat.                                                               the total members of the Board of Commissioners are present
                                                                            or represented at the meeting.


 Tingkat Kehadiran Rapat Dewan Komisaris                                    Board of Commissioners’ Meeting Attendance Level
 Frekuensi dan tingkat kehadiran rapat masing-masing anggota                The frequency and attendance rate of each member of the Board
 Dewan Komisaris serta agenda yang dibahas dalam rapat                      of Commissioners in meetings, as well as the agenda discussed
 selama tahun 2023 diuraikan sebagai berikut:                               at meetings throughout 2023 were outlined as follows:

 Tingkat Kehadiran dan Agenda Rapat Dewan Komisaris
 Attendance Rate and Agenda of the Board of Commissioners’ Meetings

                                                                                                                   Peserta Rapat
                                                                                                                    Participants



                                                                                                                                                  Benny Redjo
       Tanggal
                                                                                                                        Danny Walla
                                                                                               Soeryadjaya




                                                     Agenda                                                                           Siddharta
                                                                                                             Himawan




                                                                                                                                                    Setyono
        Date
                                                                                                                                       Istama
                                                                                                                                       Tatang
                                                                                                              Tossin
                                                                                                 Edwin




                       Laporan Kegiatan Tahun Buku 2022 dari Komite Audit, Komite Nominasi
  31 Januari 2023      dan Remunerasi, dan Komite GCG.
  January 31, 2023     2022 Fiscal Year Activity Report from the Audit Committee, Nomination
                       and Remuneration Committee, and GCG Committee.
  15 Maret 2023        Penunjukan pimpinan RUPS.
  March 15, 2023       Appointment of the GMS chairman.
  30 Maret 2023        Persiapan penyelenggaraan RUPS dan paparan publik.
  March 30, 2023       Preparation for organization of the GMS and public expose.
  2 Mei 2023           Penunjukan pimpinan RUPS.
  May 2, 2023          Appointment of the GMS chairman.
                       Pengangkatan kembali anggota Komite Audit, Komite Nominasi dan
  6 Juni 2023          Remunerasi, dan Komite GCG.
  June 6, 2023         Reappointment of members of the Audit Committee, Nomination and
                       Remuneration Committee, and GCG Committee.
                       Persetujuan penunjukan akuntan publik dan kantor akuntan publik
                       untuk Laporan Keuangan Konsolidasian Tahunan 2023.
  28 Juli 2023
  July 28, 2023        Approval of appointment of public accountant and public accounting
                       firm for the 2023 Consolidated Financial Statements.
                       Kick off budget meeting 2024 dan pemaparan guideline dari Direksi,
  18 September 2023    serta Narasumber Eksternal.
  September 18, 2023   2024 Kick off budget meeting and presentation of guidelines from the
                       Board of Directors, and External Resource Speakers.




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                                                                                                                                                                                                                                   Tata Kelola Perusahaan
                                                                                                                                                                                                                   Good Corporate Governance




                                                                                                                                                                                               Peserta Rapat
                                                                                                                                                                                                Participants




                                                                                                                                                                                                                                                                         Benny Redjo
        Tanggal




                                                                                                                                                                                                                 Danny Walla
                                                                                                                                              Soeryadjaya
                                                                Agenda




                                                                                                                                                                                                                                              Siddharta
                                                                                                                                                                             Himawan




                                                                                                                                                                                                                                                                           Setyono
         Date




                                                                                                                                                                                                                                               Istama
                                                                                                                                                                                                                                               Tatang
                                                                                                                                                                              Tossin
                                                                                                                                                Edwin
 Total Kehadiran dalam Rapat
                                                                                                                                                          7                                7                        7                               7                        7
 Total Attendance in Meetings
 Total Rapat
                                                                                                                                                          7                                7                        7                               7                        7
 Total Number of Meetings
 Tingkat Kehadiran (%)
                                                                                                                                              100,00                         100,00                         100,00                                100,00                 100,00
 Attendance Rate (%)
 Rata-rata Kehadiran (%)
                                                                                                                                                                                                            100,00
 Average Attendance Rate (%)



Tingkat Kehadiran dan Agenda Rapat Gabungan Dewan Komisaris dan Direksi
Attendance Rate and Agenda of the Joint Meetings of the Board of Commissioners and Board of Directors
                                                                                                                                              Peserta Rapat
                                                                                                                                               Participants
                                                                                               Dewan Komisaris                                                                                        Direksi
                                                                                            Board of Commissioners                                                                               Board of Directors




                                                                                                                                               Benny Redjo Setyono
                                                                        Edwin Soeryadjaya




       Tanggal




                                                                                                                                                                        Suwito Mawarwati
                                                                                              Tossin Himawan




                                                                                                                                                                                                                                                        Kemal Mawira**
                                                                                                                                                                                                                               Beatrice Kartika
                                          Agenda




                                                                                                                                                                                                Titien Supeno*
                                                                                                                              Istama Tatang
        Date
                                                                                                                Danny Walla



                                                                                                                                 Siddharta




                                                                                                                                                                                                                                                                             Ivan***
                          • Pencapaian tahun 2022;
                          • MPM Group operational update;
                          • Persiapan      penyelenggaraan
                            RUPS; serta
                          • Hasil kinerja keuangan sampai
 30 Maret 2023              dengan Februari 2023.
 March 30, 2023           • Achievements in 2022;
                          • MPM Group operational update;
                          • Preparation for holding the GMS;
                            and
                          • Financial performance results
                            up to February 2023.
                          • MPM Group operational update;
                            serta
                          • Hasil kinerja keuangan sampai
 28 Juli 2023               dengan Juni 2023.
                                                                                                                                                                                                                                                                               ×
 July 28, 2023            • MPM Group operational update;
                            and
                          • Financial performance results
                            up to June 2023.
                          Pembahasan dan persetujuan
                          rencana kerja dan/atau anggaran
 11 Desember 2023         tahun 2024.
 December 11, 2023
                          Discussion and approval of the
                          2024 work plan and/or budget.
 Total Kehadiran dalam Rapat
                                                                             3                    3                3               3                 3                       3                      1                               3                       2                  1
 Total Attendance in Meetings
 Total Rapat
                                                                             3                    3                3               3                 3                       3                      1                               3                       2                  2
 Total Number of Meetings
 Tingkat Kehadiran (%)
                                                                      100,00                 100,00            100,00         100,00          100,00                  100,00                   100,00                     100,00                    100,00                 50,00
 Attendance Rate (%)
 Rata-rata Kehadiran (%)
                                                                                                               100,00                                                                                                          90,00
 Average Attendance Rate (%)
* Efektif mengundurkan diri sejak tanggal 6 April 2023. / Effectively resigned since April 6, 2023.
** Efektif menjabat sejak tanggal 24 Mei 2023. / Effectively serving since May 24, 2023.
*** Efektif mengundurkan diri sejak tanggal 15 Agustus 2023. / Effectively resigned since August 15, 2023.




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 Informasi terkait kehadiran Dewan Komisaris dalam RUPS                   Information on the attendance of the Board of Commissioners
 Tahunan 2023 dapat dilihat pada bagian Rapat Umum Pemegang               at the 2023 Annual GMS can be viewed in the General Meeting
 Saham.                                                                   of Shareholders section.



 Hubungan Afiliasi Dewan Komisaris                                        Affiliations between the Board of
 dengan Direksi, Anggota Dewan Komisaris                                  Commissioners, Board of Directors, Other
 Lainnya, serta Pemegang Saham Utama                                      Members of Board of Commissioners, and
 dan/atau Pemegang Saham Pengendali                                       Major and/or Controlling Shareholders

 Mayoritas anggota Dewan Komisaris tidak memiliki hubungan                The majority of Board of Commissioners’ members have
 afiliasi maupun keuangan dengan sesama anggota Dewan                     no affiliation or financial relationship with fellow members
 Komisaris, Direksi, dan Pemegang Saham Pengendali, kecuali               of the Board of Commissioners, Board of Directors,
 Komisaris Utama yaitu Edwin Soeryadjaya. Hubungan afiliasi               and Controlling Shareholders, except for the President
 Komisaris Utama dengan Pemegang Saham Utama dan                          Commissioner, namely Edwin Soeryadjaya. The affiliation
 Pengendali Perseroan yaitu PT Saratoga Investama Sedaya Tbk              relationship between the President Commissioner and the
 dan pemilik akhir berupa hubungan kepengurusan dan hubungan              Major and Controlling Shareholders of the Company, namely
 keuangan. Komisaris Utama Perseroan menjabat sebagai                     PT Saratoga Investama Sedaya Tbk, and the ultimate owner,
 Presiden Komisaris di Pemegang Saham Utama dan Pengendali                is in the form of management relationship and financial
 Perseroan serta merupakan pemilik akhir. Informasi hubungan              relationship. The President Commissioner of the Company
 afiliasi tersebut dapat dilihat pada tabel berikut:                      serves as President Commissioner of the Company’s Major and
                                                                          Controlling Shareholders and is the ultimate owner. Information
                                                                          on affiliations is shown in the following table:


                                                        Hubungan Keluarga dengan                        Hubungan Keuangan dengan
                                                          Family Relations with                           Financial Relations with
                                                                            Pemegang Saham                                 Pemegang Saham
           Nama                  Jabatan                                     Utama dan/atau                                 Utama dan/atau
                                                 Dewan                                            Dewan
                                 Position                       Direksi     Pemegang Saham                      Direksi    Pemegang Saham
           Name                                 Komisaris                                        Komisaris
                                                               Board of        Pengendali                      Board of       Pengendali
                                                Board of                                         Board of
                                                               Directors       Major and/                      Directors     Major and/
                                              Commissioners                                    Commissioners
                                                                              or Controlling                                or Controlling
                                                                              Shareholders                                  Shareholders

                            Komisaris Utama
  Edwin Soeryadjaya         President               ×             ×                 ×               ×              ×
                            Commissioner
                            Komisaris
  Tossin Himawan                                    ×             ×                 ×               ×              ×                 ×
                            Commissioner
                            Komisaris
  Danny Walla                                       ×             ×                 ×               ×              ×                 ×
                            Commissioner
                            Komisaris
                            Independen
  Istama Tatang Siddharta                           ×             ×                 ×               ×              ×                 ×
                            Independent
                            Commissioner
                            Komisaris
                            Independen
  Benny Redjo Setyono                               ×             ×                 ×               ×              ×                 ×
                            Independent
                            Commissioner




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

 Untuk mendukung efektivitas pelaksanaan tugas dan tanggung               To support the effective implementation of the Board of
 jawab Dewan Komisaris, Dewan Komisaris memiliki 3 komite                 Commissioners’ duties and responsibilities, the Board of
 yang berada di bawah koordinasinya, yaitu Komite Audit, Komite           Commissioners has 3 committees under its supervision, i.e.
 Nominasi dan Remunerasi, serta Komite GCG. Oleh karenanya,               Audit Committee, Nomination and Remuneration Committee,
 Dewan Komisaris melakukan penilaian terhadap kinerja komite              and GCG Committee. Therefore, the Board of Commissioners
 di bawah Dewan Komisaris.                                                assesses performance of the committees under its supervision.




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130     Laporan Tahunan 2023 Annual Report
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                                                                                                          Tata Kelola Perusahaan
                                                                                                      Good Corporate Governance




Prosedur dan Kriteria Penilaian Kinerja Komite                  Procedures and Criteria for Performance
di Bawah Dewan Komisaris                                        Assessment of Committees Under the Board of
                                                                Commissioners
Prosedur dan kriteria penilaian kinerja komite di bawah Dewan   Procedures and criteria for performance assessment of the
Komisaris diatur dalam masing-masing pedoman komite,            Committees are specified in each committee’s charter as follows:
antara lain:
1. Anggota komite diangkat dan bertanggung jawab kepada         1. Members of committees are appointed by and responsible
    Dewan Komisaris;                                               to the Board of Commissioners;
2. Penilaian Kinerja dilakukan berdasarkan Laporan Kegiatan     2. Performance Assessment is carried out based on the
    Tahunan dan Rencana Tahunan, serta Laporan Khusus/             Activity Report and Annual Plan Report and the Special/
    Insidental yang disampaikan kepada Dewan Komisaris;            Incidental Report submitted to the Board of Commissioners;
3. Masing-masing komite, yang didukung atau bekerja sama        3. Each committee, supported or in collaboration with any
    dengan unit kerja/divisi terkait dalam Perseroan wajib         related work unit/division, is required to perform its duties
    melaksanakan tugas dan tanggung jawabnya;                      and responsibilities;
4. Setiap anggota komite wajib menyediakan waktu kerja          4. Each committee member is required to allocate working time to
    untuk melaksanakan tugas dan tanggung jawabnya yang            perform the duties and responsibilities which can be assessed
    dapat dinilai berdasarkan kehadiran dalam rapat komite;        based on his/her attendance in the committee meetings; and
    serta                                                       5. Results of meeting decisions, recommendations, evaluations,
5. Hasil keputusan rapat, rekomendasi, evaluasi, dan/atau          and/or opinions are submitted by the committees to
    pendapat komite yang disampaikan oleh komite kepada            the Board of Commissioners.
    Dewan Komisaris.


Hasil Penilaian Kinerja Komite di Bawah                         Performance Assessment Results of Committees
Dewan Komisaris                                                 Under the Board of Commissioners
Dewan Komisaris telah menerima Laporan Kegiatan Tahun 2023      The Board of Commissioners already received the 2023 Activity
dan Rencana Kerja Tahunan untuk tahun 2024 dari Komite Audit,   Report and the 2024 Annual Work Plan from Audit Committee,
Komite Nominasi dan Remunerasi, dan Komite GCG pada tanggal     Nomination and Remuneration Committee, and GCG Committee
22 Februari 2024 sebagai bentuk pertanggungjawaban atas         on February 22, 2024, as a form of responsibility of the
pelaksanaan tugas dan tanggung jawab komite. Berdasarkan        committee’s duties and responsibilities. Based on the reports,
laporan tersebut, Dewan Komisaris menilai:                      the Board of Commissioners considered that:
1. Komite Audit                                                 1. Audit Committee
    Komite Audit telah menjalankan tugas dan tanggung               The Audit Committee performed its duties and
    jawabnya secara optimal dalam mengawasi dan                     responsibilities optimally in supervising and evaluating
    mengevaluasi hal-hal yang berkaitan dengan informasi            matters relating to financial information, internal control
    keuangan, sistem pengendalian internal, serta efektivitas       system, and effective implementation of internal and
    pemeriksaan oleh auditor internal dan eksternal.                external audit.


2. Komite Nominasi dan Remunerasi                               2. Nomination and Remuneration Committee
   Kinerja Komite Nominasi dan Remunerasi telah efektif            The performance of the Nomination and Remuneration
   dan sesuai dengan kriteria yang telah ditetapkan. Komite        Committee was effective and in accordance with the
   Nominasi dan Remunerasi telah membantu Dewan                    established criteria. The Nomination and Remuneration
   Komisaris dalam memberikan usulan terkait remunerasi            Committee assisted the Board of Commissioners in
   yang sesuai untuk Dewan Komisaris dan Direksi.                  providing recommendations on appropriate remuneration
                                                                   for the Board of Commissioners and Board of Directors.


3. Komite GCG                                                   3. GCG Committee
   Komite GCG telah menjalankan tugas dan tanggung jawabnya        The GCG Committee performed its duties and
   dengan baik, sesuai dengan pedoman dan ruang lingkup            responsibilities properly, with reference to the charter and
   penugasan yang diatur dalam pedoman dan/atau piagam.            scope of duties as regulated in each charter and/or manual.




                                                                                          PT Mitra Pinasthika Mustika Tbk
                                                                                      Laporan Tahunan 2023 Annual Report     131
Page 134
 Direksi
 Board of Directors


 Direksi merupakan organ Perseroan yang bertanggung jawab           Board of Directors is the Company organ that is fully
 penuh secara kolegial atas pengurusan Perseroan untuk              responsible for collegially managing the Company for the
 kepentingan dan tujuan Perseroan serta mewakili Perseroan          Company’s interests and objectives as well as represents the
 baik di dalam maupun di luar pengadilan sesuai dengan              Company either inside or outside the court in accordance with
 ketentuan Anggaran Dasar Perseroan. Direksi berfungsi untuk        the provisions of the Company’s Articles of Association. The
 memimpin Perseroan dan mengelola kegiatan operasional              Board of Directors serves to lead the Company and manage
 Perseroan dalam menerapkan strategi usaha yang telah               the Company’s operational activities in implementing the
 dicanangkan serta mencapai tujuan dan sasaran sesuai dengan        planned business strategy and achieving goals and objectives
 visi dan misi Perseroan.                                           in accordance with the Company’s vision and mission.



 Dasar Hukum dan Prosedur Nominasi                                  Legal Basis and Nomination Procedure for
 Direksi                                                            Board of Directors

 Anggota Direksi diangkat dan diberhentikan oleh RUPS               Members of Board of Directors are appointed and dismissed by
 selaras dengan Pedoman Direksi. Usulan pengangkatan,               the GMS in line with the Board of Directors Charter. Proposals
 pemberhentian dan/atau penggantian anggota Direksi kepada          for appointment, dismissal, and/or replacement of members of
 RUPS harus memperhatikan rekomendasi dari Komite Nominasi          Board of Directors to the GMS must consider recommendations
 dan Remunerasi.                                                    from the Nomination and Remuneration Committee.


 Komite Nominasi dan Remunerasi mengkaji komposisi dan              The Nomination and Remuneration Committee reviews the
 besarnya keanggotaan Direksi untuk memastikan bahwa anggota        composition and size of the Board of Directors to ensure that
 Direksi memiliki keahlian yang memadai dan berasal dari berbagai   the members have adequate expertise and come from diverse
 latar belakang yang diperlukan Perseroan. Selanjutnya, Komite      backgrounds as required by the Company. The Nomination
 Nominasi dan Remunerasi memberikan rekomendasi kandidat            and Remuneration Committee then recommends the Board of
 anggota Direksi kepada Dewan Komisaris untuk dimintakan            Commissioners a list of candidates for Directors to be proposed
 persetujuan atas pengangkatan Direksi kepada RUPS.                 to the GMS for approval.



 Kriteria Direksi                                                   Criteria for Board of Directors

 Berdasarkan Pedoman Direksi, kriteria yang harus dipenuhi          As specified in the Board of Directors Charter, upon appointment
 Direksi pada saat diangkat dan selama menjabat meliputi:           and during the tenure, the Board of Directors’ members must:
 1. Mempunyai akhlak, moral, dan integritas yang baik;              1. Possess good character, moral, and integrity;
 2. Cakap melakukan perbuatan hukum;                                2. Be capable of taking legal actions;
 3. Dalam 5 tahun sebelum pengangkatan dan selama menjabat          3. Within 5 years prior to the appointment and during the
     tidak pernah dinyatakan pailit, tidak pernah menjadi anggota       tenure, never been declared bankrupt, never been a member
     Direksi yang dinyatakan bersalah menyebabkan suatu                 of Board of Directors responsible for causing a company
     perusahaan dinyatakan pailit, tidak pernah dihukum karena          to go bankrupt, never been convicted of any crime causing
     melakukan tindak pidana yang merugikan keuangan negara             losses to the state finance and/or related to financial sector,
     dan/atau yang berkaitan dengan sektor keuangan, dan tidak          and never been a member of Board of Directors:
     pernah menjadi anggota Direksi yang selama menjabat:
     a. Pernah tidak menyelenggarakan RUPS Tahunan;                     a. Who failed to organize Annual GMS;
     b. Pertanggungjawabannya pernah tidak diterima oleh RUPS           b. Whose accountability as a member of Board of Directors
          atau pernah tidak memberikan pertanggungjawaban                  was rejected in a GMS or who failed to provide accountability
          sebagai anggota Direksi kepada RUPS; serta                       as a member of Board of Directors to a GMS; and
     c. Pernah menyebabkan perusahaan yang memperoleh                   c. Who caused a company with license or approval from,
          izin, persetujuan, atau pendaftaran dari Otoritas Jasa           or that is registered with, Financial Services Authority, to
          Keuangan tidak memenuhi kewajiban menyampaikan                   fail to meet its obligation in submitting Annual Report
          Laporan Tahunan dan/atau Laporan Keuangan kepada                 and/or Financial Statements to the Financial Services
          Otoritas Jasa Keuangan;                                          Authority;




        PT Mitra Pinasthika Mustika Tbk
132     Laporan Tahunan 2023 Annual Report
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                                                                                                               Tata Kelola Perusahaan
                                                                                                           Good Corporate Governance




4. Memiliki komitmen untuk mematuhi peraturan perundang-             4. Be committed to comply with laws and regulations; and
   undangan; serta
5. Memiliki pengetahuan dan/atau keahlian sesuai dengan              5. Possess knowledge and/or expertise in accordance with
   bidang pekerjaannya.                                                 the field of work.


Perseroan memastikan seluruh anggota Direksi Perseroan yang          The Company ensures that all members of its Board of Directors
menjabat telah memenuhi seluruh persyaratan dan kriteria tersebut.   have met the above-mentioned requirements and criteria.



Masa Jabatan Direksi                                                 Term of Office of Board of Directors

Berdasarkan Anggaran Dasar Perseroan, Direksi diangkat dan           Based on the Company’s Articles of Association, the Board of
diberhentikan oleh RUPS untuk masa jabatan terhitung sejak           Directors is appointed and dismissed by the GMS for a term of
pengangkatannya sampai penutupan RUPS Tahunan tahun                  office starting from the appointment date to the closing of the
kelima, dengan tidak mengurangi hak RUPS untuk sewaktu-              fifth Annual GMS, without prejudice to the GMS rights to dismiss
waktu memberhentikan anggota Direksi.                                the members of the Board of Directors at any time.


Anggota Direksi yang masa jabatannya telah berakhir dapat            Members of the Board of Directors whose terms of office
diangkat kembali dengan memperhatikan ketentuan Anggaran             have expired may be reappointed with due observance of the
Dasar Perusahaan dan peraturan perundang-undangan yang               provisions of the Company’s Articles of Association and the
berlaku serta mempertimbangkan aspek integritas, kompetensi,         applicable laws and regulations as well as considering aspects
dan reputasi yang memadai sesuai dengan kebutuhan bisnis             of integrity, competence, and adequate reputation in accordance
Perseroan.                                                           with the Company’s business needs.



Komposisi Direksi                                                    Composition of the Board of Directors

Berikut komposisi Direksi Perseroan pada tahun 2023:                 Below is the composition of the Company’s Board of Directors
                                                                     in 2023:
1 Januari 2023 – 6 April 2023                                        January 1, 2023 – April 6, 2023
Direktur Utama       : Suwito Mawarwati                              President Director		 : Suwito Mawarwati
Direktur             : Titien Supeno                                 Director 		 : Titien Supeno
Direktur             : Beatrice Kartika                              Director 		 : Beatrice Kartika
Direktur             : Ivan                                          Director		 : Ivan


6 April 2023 – 24 Mei 2023                                           April 6, 2023 – May 24, 2023
Direktur Utama        : Suwito Mawarwati                             President Director		 : Suwito Mawarwati
Direktur              : Beatrice Kartika                             Director 		 : Beatrice Kartika
Direktur              : Ivan                                         Director		 : Ivan


24 Mei 2023 – 15 Agustus 2023                                        May 24, 2023 – August 15, 2023
Direktur Utama      : Suwito Mawarwati                               President Director		 : Suwito Mawarwati
Direktur            : Beatrice Kartika                               Director 		 : Beatrice Kartika
Direktur            : Ivan                                           Director		 : Ivan
Direktur            : Kemal Mawira                                   Director		 : Kemal Mawira


15 Agustus 2023 – 2028                                               August 15, 2023 – 2028
Direktur Utama      : Suwito Mawarwati                               President Director		 : Suwito Mawarwati
Direktur            : Beatrice Kartika                               Director 		 : Beatrice Kartika
Direktur            : Kemal Mawira                                   Director		 : Kemal Mawira




                                                                                               PT Mitra Pinasthika Mustika Tbk
                                                                                           Laporan Tahunan 2023 Annual Report     133
Page 136
 Kebijakan Rangkap Jabatan Direksi                                                                      Policy on Concurrent Positions of the
                                                                                                        Board of Directors

 Berdasarkan Pedoman Direksi, anggota Direksi dapat merangkap                                           Based on the Board of Directors Charter, members of the Board
 jabatan sebagai:                                                                                       of Directors can hold concurrent positions as:
 1. Anggota Direksi paling banyak pada 1 perusahaan atau                                                1. Members of the Board of Directors at 1 other company or
     perusahaan publik lainnya;                                                                             public company the most;
 2. Anggota Dewan Komisaris paling banyak pada 3 perusahaan                                             2. Members of the Board of Commissioners at 3 other
     atau perusahaan publik lainnya;                                                                        companies or public companies the most;
 3. Anggota komite paling banyak pada 5 komite di perusahaan                                            3. Committee members at 5 committees the most in a
     atau perusahaan publik, di mana yang bersangkutan juga                                                 company or public company, where the person concerned
     menjabat sebagai anggota Direksi atau anggota Dewan                                                    also serves as a member of the Board of Directors or
     Komisaris; serta                                                                                       member of the Board of Commissioners; and
 4. Tidak termasuk rangkap jabatan, apabila Direksi yang                                                4. Excluding concurrent positions, if the Board of Director is
     bertanggung jawab terhadap pengawasan atas penyertaan                                                  responsible for supervising participation in Subsidiaries as
     pada Entitas Anak sepanjang perangkapan jabatan tersebut                                               long as the concurrent positions do not result in the person
     tidak mengakibatkan yang bersangkutan mengabaikan                                                      concerned neglecting the implementation of duties and
     pelaksanaan tugas dan tanggung jawabnya sebagai                                                        responsibilities as a member of Board of Directors of the
     anggota Direksi Perseroan.                                                                             Company.



 Pedoman Direksi                                                                                        Board of Directors Charter

 Direksi telah memiliki Pedoman Direksi yang telah diperbarui                                           The Board of Directors has established the Board of Directors
 pada tanggal 10 Desember 2020. Pedoman Direksi ini ditujukan                                           Charter, which was updated on December 10, 2020. The Board
 untuk memberikan arahan bagi Direksi dalam melaksanakan                                                of Directors’ Charter is aimed to provide direction for the Board
 tugasnya dalam mengelola Perseroan.                                                                    of Directors in performing its duties in managing the Company.



 Tugas dan Tanggung Jawab Masing-masing                                                                 Duties and Responsibilities to Each Member
 Anggota Direksi                                                                                        of the Board of Directors

 Setiap anggota Direksi memiliki pembagian tugas dan tanggung                                           Each member of the Board of Directors has a division of duties and
 jawab sesuai dengan bidang keahlian masing-masing untuk                                                responsibilities according to his/her respective areas of expertise
 menciptakan efektivitas pelaksanaan tugas Direksi secara                                               to create effective implementation of the Board of Directors’ duties
 menyeluruh. Pembagian tugas dan tanggung jawab anggota                                                 as a whole. The division of duties and responsibilities of the Board
 Direksi diuraikan sebagai berikut:                                                                     of Directors’ members is described as follows:


                                                                                           Suwito Mawarwati
                                                                             Direktur Utama / President Director

  • Memiliki tanggung jawab dalam mengoordinasi seluruh bisnis dan                                    • Responsible for coordination all MPM Group’s business and operational
    kegiatan usaha Grup MPM;                                                                            activities;
  • Menentukan dan mengendalikan pengawasan manajemen Perseroan;                                      • Determining and controlling the supervision of the Company’s management;
  • Menentukan dan mengawasi strategi usaha dan pengembangan                                          • Determining and supervising business strategies and business
    bisnis;                                                                                             development;
  • Mengambil keputusan dan tindakan strategis yang dibutuhkan                                        • Making decisions and taking strategic actions needed to support and
    mendukung dan mencapai maksud dan tujuan Grup MPM; serta                                            achieve MPM Group’s purposes and objectives; and
  • Memiliki tanggung jawab untuk mengelola dan mengawasi operasional                                 • Responsible for managing and supervising other operational activities
    kegiatan-kegiatan lain yang berhubungan dengan pemasaran.                                           related to marketing.

                                                                                     Beatrice Kartika
                                                                          Direktur Keuangan / Director of Finance

  Mengelola dan mengendalikan rencana serta pelaksanaan Grup MPM                                      Managing and controlling MPM Group’s plans and activities related
  yang berhubungan dengan anggaran, tresuri, kegiatan akuntansi,                                      to budget, treasury, accounting activities, including the preparation
  termasuk penyusunan Laporan Keuangan, perpajakan, manajemen                                         of Financial Statement, taxation, financial management, and investor
  keuangan, dan hubungan investor.                                                                    relations.

                                                                                            Kemal Mawira*
                                                                                           Direktur / Director

  Mengelola aspek pengembangan bisnis,                               inisiatif     strategis,   dan   Managing business development aspects, strategic initiatives, and
  mengoptimalkan portofolio bisnis Perseroan.                                                         optimizing the Company’s business portfolio.
 * Efektif menjabat sejak tanggal 24 Mei 2023. / Effectively serving since May 24, 2023.




            PT Mitra Pinasthika Mustika Tbk
134         Laporan Tahunan 2023 Annual Report
Page 137
                                                                                                                                           Tata Kelola Perusahaan
                                                                                                                                  Good Corporate Governance




Pelaksanaan Tugas Direksi                                                   Implementation of the Board of Directors’
                                                                            Duties

Sepanjang 2023, Direksi Perseroan telah melaksanakan tugas                  Throughout 2023, the Company’s Board of Directors carried out
dan tanggung jawabnya, di antaranya:                                        its duties and responsibilities, including:
1. Menyelenggarakan RUPS Tahunan pada tanggal 24 Mei                        1. Held the Annual GMS on May 24, 2023, and Extraordinary
    2023 dan RUPS Luar Biasa pada tanggal 6 April dan tanggal                    GMS on April 6, and August 15;
    15 Agustus;
2. Menyelenggarakan rapat Direksi secara berkala 1 bulan 1 kali;            2. Held the Board of Directors’ meeting once a month;
3. Menyelenggarakan rapat gabungan dengan Dewan Komisaris;                  3. Organized joint meetings with the Board of Commissioners;
4. Memastikan terjaganya kelangsungan bisnis jangka                         4. Ensuring that the Company’s long-term business continuity
    panjang Perseroan;                                                         is maintained;
5. Memastikan pengelolaan Perseroan sesuai dengan                           5. Ensured that the Company management was in accordance
    praktik-praktik GCG; serta                                                 with GCG practices; and
6. Menyusun rencana strategi bisnis untuk meneglola                         6. Developed business strategy plan to manage the Company
    Perseroan dan Entitas Anak.                                                and Subsidiaries.



Rapat Direksi                                                               Board of Directors’ Meetings

Kebijakan Rapat Direksi                                                     Board of Directors’ Meeting Policy
Sesuai dengan pedoman kerja, Direksi wajib melakukan rapat                  Pursuant to the Charter, the Board of Directors is required to hold a
paling sedikit 1 kali dalam 1 bulan, serta setiap saat apabila              meeting at least once a month, and at any time deemed necessary
dipandang perlu oleh seorang atau lebih anggota Direksi, atas               by one or more members of the Board of Directors, at a written
permintaan tertulis dari seorang atau lebih anggota Dewan                   request of one or more members of the Board of Commissioners,
Komisaris, atau atas permintaan tertulis dari 1 orang atau lebih            or at a written request of 1 or more Shareholders who collectively
Pemegang Saham yang bersama-sama mewakili ¹/10 atau                         represent ¹/10 or more of the total number of shares with voting
lebih dari jumlah seluruh saham dengan hak suara. Direksi juga              rights. The Board of Directors is also required to periodically hold
wajib mengadakan rapat bersama Dewan Komisaris secara                       a joint meeting with the Board of Commissioners at least once
berkala paling sedikit 1 kali dalam setiap 4 bulan. Rapat Direksi           every 4 months. The Board of Directors’ meeting is legitimate and
dinyatakan sah dan berhak mengambil keputusan yang mengikat                 entitled to make binding decisions only if more than ½ of the total
hanya apabila lebih dari ½ dari jumlah anggota Direksi hadir atau           members of the Board of Directors are present or represented at
diwakilkan dalam rapat. Penjadwalan rapat Direksi untuk tahun               the meeting. The Board of Directors’ meetings for the next fiscal
buku berikutnya dilakukan sebelum memasuki tahun buku                       year is scheduled prior to entering that fiscal year and the schedule
tersebut dan dapat disesuaikan apabila diperlukan.                          may be adjusted if necessary.


Tingkat Kehadiran Rapat Direksi                                             Board of Directors’ Meeting Attendance Level
Frekuensi dan tingkat kehadiran rapat masing-masing anggota                 The frequency and attendance rate of each member of the Board
Direksi serta agenda yang dibahas dalam rapat selama tahun                  of Directors in meetings, as well as the agenda discussed at
2023 diuraikan sebagai berikut:                                             meetings throughout 2023 were outlined as follows:

Tingkat Kehadiran dan Agenda Rapat Direksi
Attendance Rate and Agenda of the Board of Directors’ Meetings

                                                                                                                             Peserta Rapat
                                                                                                                              Participants
                                                                                                            Titien Supeno*




      Tanggal
                                                                                               Mawarwati




                                                    Agenda
                                                                                                                                              Mawira**
                                                                                                                                Beatrice




                                                                                                                                                          Ivan***




       Date
                                                                                                                                Kartika
                                                                                                Suwito




                                                                                                                                               Kemal




 30 Januari 2023     Pembahasan kinerja dan strategi Grup MPM untuk triwulan 4 tahun 2022.
 January 30, 2023    Discussion of MPM Group’s performance and strategy for Q4/2022.
                     Evaluasi indikator kinerja divisi-divisi pada perusahaan dan realisasi
                     anggaran secara bulanan, antara lain target dan realisasinya, inisiatif
 28 Februari 2023    strategis dan inisiatif, serta kegiatan lainnya.
 February 28, 2023   Evaluation on performance indicators of the Company’ divisions and
                     budget realization monthly, including targets and their realization,
                     strategic initiatives and initiatives, as well as other activities.




                                                                                                           PT Mitra Pinasthika Mustika Tbk
                                                                                                       Laporan Tahunan 2023 Annual Report                           135
Page 138
                                                                                                                                                            Peserta Rapat
                                                                                                                                                             Participants




                                                                                                                                           Titien Supeno*
          Tanggal




                                                                                                                              Mawarwati
                                                                             Agenda




                                                                                                                                                                          Mawira**
                                                                                                                                                               Beatrice




                                                                                                                                                                                      Ivan***
           Date




                                                                                                                                                               Kartika
                                                                                                                               Suwito




                                                                                                                                                                           Kemal
                                  Evaluasi indikator kinerja divisi-divisi pada perusahaan dan realisasi
                                  anggaran secara bulanan, antara lain target dan realisasinya, inisiatif
  29 Maret 2023                   strategis dan kegiatan lainnya.
  March 29, 2023                  Evaluation on performance indicators of the company divisions and
                                  budget realization monthly, including targets and their realization,
                                  strategic initiatives and other activities.
  3 Mei 2023                      Pembahasan kinerja dan strategi Grup MPM untuk triwulan 1 tahun 2023.
  May 3, 2023                     Discussion of MPM Group’s performance and strategy for Q1/2023.
                                  Evaluasi indikator kinerja divisi-divisi pada perusahaan dan realisasi
                                  anggaran secara bulanan, antara lain target dan realisasinya, inisiatif
  31 Mei 2023                     strategis dan kegiatan lainnya.
  May 31, 2023                    Evaluation on performance indicators of the company divisions and
                                  budget realization monthly, including targets and their realization,
                                  strategic initiatives and other activities.
                                  Evaluasi indikator kinerja divisi-divisi pada perusahaan dan realisasi
                                  anggaran secara bulanan, antara lain target dan realisasinya, inisiatif
  21 Juni 2023                    strategis dan kegiatan lainnya.
  June 21, 2023                   Evaluation on performance indicators of the company divisions and
                                  budget realization monthly, including targets and their realization,
                                  strategic initiatives and other activities.
  1 September 2023                Persetujuan perubahan perjanjian fasilitas kredit.
  September 1, 2023               Approval of changes to the credit facility agreement.
  25 Oktober 2023                 Pembahasan persiapan Laporan Tahunan 2023.
  October 25, 2023                Discussion of preparation of the 2023 Annual Report.
  30 Oktober 2023                 Pembahasan kinerja dan strategi Grup MPM untuk triwulan 3 tahun 2023.
  October 30, 2023                Discussion of MPM Group’s performance and strategy for Q3/2023.
                                  Evaluasi indikator kinerja divisi-divisi pada perusahaan dan realisasi
                                  anggaran secara bulanan, antara lain target dan realisasinya, inisiatif
  28 November 2023                strategis dan kegiatan lainnya.
  November 28, 2023               Evaluation on performance indicators of the company divisions and
                                  budget realization monthly, including targets and their realization,
                                  strategic initiatives and other activities.
  18 Desember 2023                Pembahasan jadwal rapat tahun 2024.
  December 18, 2023               Discussion on the 2024 meeting schedule.
  21 Desember 2023                Pembahasan rencana relokasi kantor pusat.
  December 21, 2023               Discussion on head office relocation plans.
  Total Kehadiran dalam Rapat
                                                                                                                                12              3                12          8          6
  Total Attendance in Meetings
  Total Rapat
                                                                                                                                12              3                12          8          6
  Total Number of Meetings
  Tingkat Kehadiran (%)
                                                                                                                              100,00      100,00               100,00     100,00     100,00
  Attendance Rate (%)
  Rata-rata Kehadiran (%)
                                                                                                                                                               100,00
  Average Attendance Rate (%)
 * Efektif mengundurkan diri sejak tanggal 6 April 2023. / Effectively resigned since April 6, 2023.
 ** Efektif menjabat sejak tanggal 24 Mei 2023. / Effectively serving since May 24, 2023.
 *** Efektif mengundurkan diri sejak tanggal 15 Agustus 2023. / Effectively resigned since August 15, 2023.




 Informasi terkait kehadiran Direksi dalam RUPS Tahunan 2023                                                  Information on the Board of Directors’ attendance at the 2023
 dapat dilihat pada bagian Rapat Umum Pemegang Saham. Selain                                                  Annual GMS can be seen in the General Meeting of Shareholders
 itu, informasi kehadiran Direksi dan agenda rapat gabungan                                                   section. Furthermore, information on the Board of Directors’
 Direksi dengan Dewan Komisaris dapat dilihat pada bagian Rapat                                               attendance and the agenda for joint meetings between the Board
 Dewan Komisaris.                                                                                             of Directors and Board of Commissioners can be seen in the
                                                                                                              Board of Commissioners’ Meetings section.




            PT Mitra Pinasthika Mustika Tbk
136         Laporan Tahunan 2023 Annual Report
Page 139
                                                                                                                                                          Tata Kelola Perusahaan
                                                                                                                                                    Good Corporate Governance




Hubungan Afiliasi Anggota Direksi dengan                                                                   Affiliations between Members of the Board
Dewan Komisaris, Anggota Direksi                                                                           of Directors and Board of Commissioners,
Lainnya, serta Pemegang Saham Utama                                                                        Other Members of Board of Directors, and
dan/atau Pemegang Saham Pengendali                                                                         Major and/or Controlling Shareholders

Mayoritas anggota Direksi tidak memiliki hubungan afiliasi                                                 The majority of the Board of Directors’ members have no
dengan sesama anggota Direksi, Dewan Komisaris, dan                                                        affiliation with fellow members of the Board of Directors, Board
Pemegang Saham Pengendali, kecuali Kemal Mawira. Kemal                                                     of Commissioners, and Controlling Shareholders, except for
Mawira memiliki hubungan afiliasi Pemegang Saham Utama                                                     Kemal Mawira. Kemal Mawira is affiliated with the Company’s
dan/atau Pengendali Perseroan yaitu PT Saratoga Investama                                                  Major and/or Controlling Shareholders, namely PT Saratoga
Sedaya Tbk. Hubungan afiliasi tersebut dapat dilihat pada tabel                                            Investama Sedaya Tbk. Such affiliations is shown in the
berikut:                                                                                                   following table:


                                                                                         Hubungan Keluarga dengan                          Hubungan Keuangan dengan
                                                                                           Family Relations with                             Financial Relations with
                                                                                                             Pemegang Saham                                   Pemegang Saham
                Nama                              Jabatan                                                     Utama dan/atau                                   Utama dan/atau
                                                                               Dewan                                                Dewan
                                                  Position                                       Direksi     Pemegang Saham                        Direksi    Pemegang Saham
                Name                                                          Komisaris                                            Komisaris
                                                                                                Board of        Pengendali                        Board of       Pengendali
                                                                            Board of                                               Board of
                                                                                                Directors        Major and/                       Directors      Major and/
                                                                          Commissioners                                          Commissioners
                                                                                                                or Controlling                                  or Controlling
                                                                                                                Shareholders                                    Shareholders

                                         Direktur Utama
    Suwito Mawarwati                                                                ×              ×                  ×                ×              ×                 ×
                                         President Director
                                         Direktur
    Beatrice Kartika                                                                ×              ×                  ×                ×              ×                 ×
                                         Director
                                         Direktur
    Kemal Mawira*                                                                   ×              ×                  ×                ×              ×
                                         Director
*    Efektif menjabat sejak tanggal 24 Mei 2023. / Effectively serving since May 24, 2023.




Penilaian Kinerja Satuan Kerja di bawah                                                                    Performance Assessment of Work Units
Direksi                                                                                                    Under the Board of Directors

Untuk mendukung efektivitas pelaksanaan tugas dan tanggung                                                 To support the effective implementation of the Board of
jawab Direksi, Direksi memiliki satuan kerja yang berada di bawah                                          Directors’ duties and responsibilities, the Board of Directors
koordinasinya, yaitu Sekretaris Perusahaan, Unit Audit Internal,                                           has work units under its supervision, i.e. Corporate Secretary,
dan Tim Manajemen Risiko. Oleh karenanya, Direksi secara                                                   Internal Audit Unit, and Risk Management Team. Therefore, the
berkala melakukan penilaian terhadap kinerja terhadap satuan                                               Board of Directors periodically assesses performance of such
kerja tersebut.                                                                                            work units.


Kriteria Penilaian Kinerja Satuan Kerja di Bawah                                                           Performance Assessment Criteria of Work Units
Direksi                                                                                                    Under the Board of Directors
Adapun kriteria yang digunakan untuk penilaian yaitu:                                                      The criteria used for assessment are:
1. Pemenuhan pelaksanaan tugas dan tangggung jawab;                                                        1. Fulfillment of duties and responsibilities;
2. Kualitas saran dan rekomendasi yang diberikan; serta                                                    2. Quality of suggestions and recommendations provided; and
3. Pencapaian kinerja selama tahun buku.                                                                   3. Performance achievement in a fiscal year.


Hasil Penilaian Kinerja Satuan Kerja di Bawah                                                              Performance Assessment Results of Work Units
Direksi                                                                                                    Under the Board of Directors
Pada tahun 2023, Sekretaris Perusahaan, Unit Audit Internal, dan                                           In 2023, the Corporate Secretary, Internal Audit Unit, and Risk
Tim Manajemen Risiko dinilai telah telah mendukung pelaksanaan                                             Management Team were considered to have supported the
pengawasan ataupun pengendalian internal dari sisi operasional,                                            supervisory implementation or internal control from an operational,
keuangan, dan kepatuhan. Hasil evaluasi tersebut selanjutnya                                               financial, and compliance perspectives. Such evaluation results
akan dijadikan dasar untuk memperbaiki kinerja di tahun                                                    will then be used as a basis for improving performance in the next
buku berikutnya.                                                                                           fiscal year.




                                                                                                                                      PT Mitra Pinasthika Mustika Tbk
                                                                                                                                  Laporan Tahunan 2023 Annual Report             137
Page 140
 Informasi tentang Penilaian Direksi                                             Information on Performance Assessment
 terhadap Kinerja Komite di bawah Direksi                                        of Committees Under the Board of Directors

 Sampai dengan tahun 2023, Perseroan tidak membentuk                             Until 2023, the Company did not establish any committee under
 komite di bawah Direksi. Dengan demikian, tidak terdapat                        the Board of Directors. As such, there is no information related
 informasi terkait penilaian terhadap kinerja komite di bawah                    to performance assessment of committees under the Board of
 Direksi.                                                                        Directors.




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



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

 Informasi terkait pelatihan dan/atau peningkatan kompetensi                     Information on competency training and/or improvement that
 yang diikuti oleh Dewan Komisaris dan Direksi di tahun 2023                     the Board of Commissioners and Board of Directors attended in
 diungkapkan sebagai berikut:                                                    2023 is disclosed as follows:


         Nama                     Jabatan                      Materi Pelatihan                   Waktu           Tempat        Penyelenggara
         Name                     Position                    Training Materials                  Date             Venue          Organizer
  Dewan Komisaris
  Board of Commissioners
                           Komisaris Utama
  Edwin Soeryadjaya                                   -                                               -              -      -
                           President Commissioner
                           Komisaris
  Tossin Himawan                                      -                                               -              -      -
                           Commissioner
                           Komisaris
  Danny Walla                                         -                                               -              -      -
                           Commissioner

  Istama Tatang            Komisaris Independen
                                                      -                                               -              -      -
  Siddharta                Independent Commissioner

                           Komisaris Independen                                               26 Januari 2023               PT Saratoga Investama
  Benny Redjo Setyono                                 The Saratoga Investment Summit 2023                         Jakarta
                           Independent Commissioner                                           January 26, 2023              Sedaya
                                                      Kupas Tuntas Perubahan Ketentuan
                                                      Pajak Penghasilan                       14 Februari 2023
                                                                                                                  Jakarta   Kontan Academy
                                                      Complete Review of Changes to           February 14, 2023
                                                      Income Tax Provisions

                                                      Transforming Learning: Aligning          8 Maret 2023
                                                                                                                  Jakarta   PT Toyota Astra Motor
                                                      People Towards Ultimate Productivity     March 6, 2023

                                                      DBS Indonesia’s Pivotal Role to ASEAN    15 Maret 2023
                                                                                                                  Jakarta   PT Bank DBS Indonesia
                                                      Economy                                  March 15, 2023



         PT Mitra Pinasthika Mustika Tbk
138      Laporan Tahunan 2023 Annual Report
Page 141
                                                                                                                                                     Tata Kelola Perusahaan
                                                                                                                                                 Good Corporate Governance




            Nama                               Jabatan                               Materi Pelatihan                  Waktu          Tempat            Penyelenggara
            Name                               Position                             Training Materials                 Date            Venue              Organizer
                                                                                                                                                     Asosiasi Ahli Manajemen
                                                                         Indonesia Insurance Summit -
                                                                                                                                                     Asuransi Indonesia
                                                                         The 1st Indonesia Insurance Summit:      25 Agustus 2023
                                                                                                                                      Yogyakarta     Association of
                                                                         Stakeholders Transformation Towards      August 25, 2023
                                                                                                                                                     Indonesian Insurance
                                                                         Strengthening the Insurance Industry
                                                                                                                                                     Management Experts
                                                                                                                   30-31 Agustus
                                                                         Indonesia National Conference Theme:                                        Institute of Internal
                                                                                                                       2023             Batam
                                                                         Staying Relevant                                                            Auditors
                                                                                                                 August 30-31, 2023
                                                                         Seminar Nasional Economic Outlook                                           Asosiasi Perusahaan
                                                                         2004                                      3 Oktober 2023                    Pembiayaan Indonesia
                                                                                                                                       Jakarta
                                                                         National Seminar on Economic Outlook      October 3, 2023                   Indonesian Financial
                                                                         2004                                                                        Services Association
                                                                         Digital and Risk Management in            18–20 Oktober                     Asosiasi Asuransi Jiwa
                                                                         Insurance 2023: Entering the New              2023                          Indonesia
                                                                                                                                      Yogyakarta
                                                                         World 4.0 – Technology Beyond             October 18-20,                    Indonesian Life
                                                                         Imagination                                   2023                          Insurance Association
                                                                         Fraud Prevention and Detec-tion: A       24 Oktober 2023
                                                                                                                                       Jakarta       MPM Internal Audit
                                                                         Continuous Challenge                     October 24, 2023
                                                                                                                  1 November 2023
                                                                         IFRS 17 Insurance Reporting                                   Jakarta       KPMG Indonesia
                                                                                                                  November 1, 2023
                                                                                                                                                     PwC Indonesia and
                                                                         Recent Issues in Internal Audit and     30 November 2023
                                                                                                                                       Jakarta       Institute of Internal
                                                                         Accounting Standards                    November 30, 2023
                                                                                                                                                     Auditors Indonesia
 Direksi
 Board of Directors
                                                                         Indonesia Macro and Financial Market     18 September 2023
                                    Direktur Utama                                                                                                   Perseroan
 Suwito Mawarwati                                                        Outlook 2023 and 2024 from                 September 18,      Jakarta
                                    President Director                                                                                               Company
                                                                         PT Bank Mandiri (Persero) Tbk                  2023
                                                                         Indonesia Macro and Financial Market    18 September 2023
                                                                                                                                                     Perseroan
                                                                         Outlook 2023 and 2024 from                September 18,       Jakarta
                                                                                                                                                     Company
                                    Direktur                             PT Bank Mandiri (Persero) Tbk                  2023
 Beatrice Kartika
                                    Director                             CEO Networking 2023: Achieving
                                                                                                                  7 November 2023
                                                                         Sustainable Growth through Cohesive                           Jakarta       PT Bursa Efek Indonesia
                                                                                                                  November 7, 2023
                                                                         Collaboration
                                                                         Indonesia Macro and Financial Market     18 September 2023
                                    Direktur                                                                                                         Perseroan
 Kemal Mawira*                                                           Outlook 2023 and 2024 from                 September 18,      Jakarta
                                    Director                                                                                                         Company
                                                                         PT Bank Mandiri (Persero) Tbk                  2023
* Efektif menjabat sejak tanggal 24 Mei 2023. / Effectively serving since May 24, 2023.




Kebijakan Keberagaman Komposisi Dewan
Komisaris dan Direksi
Composition Diversity Policy of the Board of Commissioners and
Board of Directors

Penentuan komposisi Dewan Komisaris dan Direksi Perseroan                                            In determining the composition of the Board of Commissioners
memperhatikan kondisi dan kebutuhan Perseroan. Selain itu,                                           and Board of Directors, the Company considers its conditions and
Perseroan juga mempertimbangkan keberagaman kandidat                                                 needs. In addition, the Company also considers the diversity of
anggota Dewan Komisaris dan Direksi, baik dari kualifikasi                                           candidates for the Board of Commissioners and Board of Directors,
akademik, keahlian, pengalaman, usia, dan gender tanpa                                               in terms of academic, expertise, experience, age, and gender, without
adanya diskriminasi. Kebijakan keberagaman komposisi Dewan                                           any discrimination. The diversity policy for the composition of the
Komisaris dan Direksi tersebut telah diatur dalam Pedoman                                            Board of Commissioners and Board of Directors is regulated in the
Dewan Komisaris dan Direksi.                                                                         Charter of the Board of Commissioners and Board of Directors.


Aspek keberagaman dalam komposisi Dewan Komisaris dan                                                The diversity aspect in the composition of the Company’s Board
Direksi Perseroan tercermin dalam beberapa elemen seperti                                            of Commissioners and Board of Directors is reflected in various
pendidikan, pengalaman kerja, keahlian, usia, dan gender yang                                        elements, such as education, employment history, expertise, age,
dapat dilihat pada bab profil Perusahaan bagian profil Dewan                                         and gender, which can be found in the Company Profile chapter,
Komisaris dan Direksi.                                                                               in the Board of Commissioners and Board of Directors section.




                                                                                                                                 PT Mitra Pinasthika Mustika Tbk
                                                                                                                             Laporan Tahunan 2023 Annual Report              139
Page 142
 Penilaian Kinerja Dewan Komisaris dan Direksi
 Board of Commissioners’ and Board of Directors’ Performance
 Assessment
 Prosedur Pelaksanaan Penilaian Kinerja                              Procedure for Board of Commissioners’
 Dewan Komisaris                                                     Performance Assessment

 Seluruh anggota Dewan Komisaris Perseroan melakukan                 All members of the Company’s Board of Commissioners
 penilaian terhadap kinerja mereka melalui metode penilaian          assess their performance through a self-assessment method
 sendiri (self-assessment) dengan menggunakan kriteria               by using certain criteria recommended by the Nomination and
 tertentu yang direkomendasikan oleh Komite Nominasi dan             Remuneration Committee. This performance assessment is
 Remunerasi. Penilaian kinerja ini dilakukan secara berkala serta    carried out regularly by using benchmarks or assessment criteria
 menggunakan tolok ukur atau kriteria penilaian yang disepakati      agreed upon by the Board of Commissioners. The performance
 oleh Dewan Komisaris. Hasil penilaian kinerja Dewan Komisaris       assessment results will then be submitted to the Shareholders in
 akan disampaikan kepada Pemegang Saham untuk dimintakan             the Annual GMS for approval and disclosed in the Annual Report.
 persetujuan pada saat RUPS Tahunan serta diungkapkan dalam
 Laporan Tahunan.


 Pihak dan Kriteria Penilaian Kinerja                                Assessor and Criteria for the Board of
 Dewan Komisaris                                                     Commissioners’ Performance Assessment
 Penilaian kinerja Dewan Komisaris dilakukan secara                  The Board of Commissioners’ performance is assessed by
 self-assessment. Adapun kriteria yang digunakan untuk               self-assessment. The criteria used for assessment are:
 penilaian yaitu:
 1. Pencapaian pelaksanaan rapat Dewan Komisaris;                    1. Achievement of the implementation of             Board of
                                                                        Commissioners’ meetings;
 2. Kehadiran dan partisipasi anggota Dewan Komisaris;               2. Attendance and participation of Board of Commissioners’
                                                                        members;
 3. Ketertiban administrasi;                                         3. Administrative orderliness;
 4. Integritas dan keterbukaan anggota Dewan Komisaris;              4. Integrity and transparency of Board of Commissioners’
    serta                                                               members; and
 5. Partisipasi dan kontribusi dalam fungsi pengawasan               5. Participation and contribution in the Company’s supervisory
    Perseroan.                                                          function.


 Hasil Penilaian Kinerja Dewan Komisaris                             Board of Commissioners’ Performance
                                                                     Assessment Results
 Pada tahun 2023, Dewan Komisaris dinilai telah melaksanakan         In 2023, the Board of Commissioners was considered to have
 kewajibannya dengan baik sesuai lingkup tugas dan tanggung          performed its obligations properly according to the scope of its
 jawabnya terutama berkenaan dengan pengawasan serta                 duties and responsibilities, especially with regard to supervision
 pemberian nasihat kepada Direksi. Selain itu, Dewan Komisaris       and providing advice to the Board of Directors. In addition, the
 telah memastikan kepatuhan Perseroan terhadap peraturan dan         Board of Commissioners ensured the Company’s compliance
 perundang-undangan yang berlaku.                                    with the applicable laws and regulations.



 Prosedur Pelaksanaan Penilaian Kinerja                              Procedure for Board of Directors’
 Direksi                                                             Performance Assessment

 Seluruh anggota Direksi Perseroan melakukan penilaian terhadap      All members of the Company’s Board of Directors assess their
 kinerja mereka melalui metode penilaian sendiri (self-assessment)   performance through a self-assessment method by using certain
 dengan menggunakan kriteria tertentu yang direkomendasikan          criteria recommended by the Nomination and Remuneration
 oleh Komite Nominasi dan Remunerasi. Penilaian kinerja ini          Committee. This performance assessment is carried out
 dilakukan secara berkala serta menggunakan tolok ukur atau          regularly by using benchmarks or assessment criteria agreed
 kriteria penilaian yang disepakati oleh Direksi. Hasil penilaian    upon by the Board of Directors. The performance assessment
 kinerja Direksi akan disampaikan kepada Pemegang Saham              results will then be submitted to the Shareholders in the Annual
 untuk dimintakan persetujuan pada saat RUPS Tahunan serta           GMS for approval and disclosed in the Annual Report.
 diungkapkan dalam Laporan Tahunan.




        PT Mitra Pinasthika Mustika Tbk
140     Laporan Tahunan 2023 Annual Report
Page 143
                                                                                                               Tata Kelola Perusahaan
                                                                                                          Good Corporate Governance




Pihak dan Kriteria Penilaian Kinerja Direksi                     Board of Directors’ Performance                    Assessment
                                                                 Criteria
Penilaian kinerja Direksi dilakukan secara self-assessment.      The Board of Directors’ performance is assessed by a self-
Adapun kriteria yang digunakan untuk penilaian yaitu:            assessment. The criteria used for assessment are:
1. Pencapaian target bisnis yang harus dicapai;                  1. Achievement of business targets;
2. Pencapaian rencana jangka pendek dan jangka panjang           2. Achievement of the Company’s short- and long-term plans;
   Perseroan; serta                                                 and
3. Pencapaian anggaran dan pendapatan.                           3. Achievement of budget and revenues.


Hasil Penilaian Kinerja Direksi                                  Board of Directors’ Performance Assessment Results
Pada tahun 2023, Direksi dinilai telah melaksanakan tugas        In 2023, the Board of Directors was considered to have performed
dan tanggung jawabnya dengan baik yang tercermin dari            its duties and responsibilities properly, which was reflected in the
telah diimplementasikannya seluruh rencana strategis yang        implementation of all strategic plans established in the fiscal year.
ditetapkan pada tahun buku. Seluruh tugas telah dilaksanakan     All duties were performed in full, resulting in effective decisions
secara penuh, sehingga menghasilkan keputusan-keputusan          in overcoming risks faced by the Company and resulting a strong
yang efektif dalam mengatasi risiko yang dihadapi Perseroan      operational and financial performance.
serta menghasilkan kinerja operasional dan keuangan yang kuat.



Penilaian Kinerja Masing-Masing Anggota                          Performance Assessment of each
Dewan Komisaris dan Direksi                                      Member of the Board of Commissioners
                                                                 and Board of Directors

Di tahun 2023, penilaian kinerja masing-masing anggota Dewan     In 2023, the collegial performance of each member of the Board
Komisaris dan Direksi dilakukan secara kolegial berdasarkan      of Commissioners and Board of Directors was assessed based
kriteria-kriteria penilaian. Kemudian, hasil penilaian kinerja   on assessment criteria. Then, the performance assessment
disampaikan dalam pengungkapan pertanggungjawaban Dewan          results are presented in the disclosure of the responsibilities
Komisaris dan Direksi, sesuai dengan tugas dan tanggung          of the Board of Commissioners and Board of Directors, in
jawabnya dalam Laporan Tahunan ini, antara lain dalam tingkat    accordance with their duties and responsibilities in this Annual
kehadiran dalam rapat Dewan Komisaris dan Direksi; Laporan       Report, among others the attendance rate at meetings of the
Komisaris Utama dan Direktur Utama; pencapaian kinerja anggota   Board of Commissioners and Board of Directors; Report of the
Direksi lainnya, yaitu untuk bidang keuangan, operasional, dan   President Commissioner and President Director; performance
bidang sumber daya manusia.                                      achievements of other members of the Board of Directors, in the
                                                                 areas of finance, operations, and human resources.




Program Orientasi bagi Dewan Komisaris dan
Direksi yang Baru
Orientation Program for New Members of the Board of
Commissioners and Board of Directors

Perseroan belum memiliki program khusus untuk orientasi          The Company does not yet have special orientation program for
bagi anggota Dewan Komisaris dan Direksi Perseroan yang          newly appointed members of the Board of Commissioners and
baru diangkat. Namun demikian, Sekretaris Perusahaan akan        Board of Directors. However, Corporate Secretary shall provide
memberikan orientasi singkat mengenai kegiatan bisnis            a brief orientation on the Company’s business activities and
Perseroan dan uraian mengenai tugas dan tanggung jawab           an explanation of duties and responsibilities of the Board of
Dewan Komisaris dan Direksi sesuai dengan Pedoman Dewan          Commissioners and Board of Directors in accordance with the
Komisaris dan Direksi. Pada tahun 2023, tidak terdapat           Charter of the Board of Commissioners and Board of Directors.
pelaksanaan program orientasi yang diberikan.                    In 2023, no orientation program was held.




                                                                                             PT Mitra Pinasthika Mustika Tbk
                                                                                         Laporan Tahunan 2023 Annual Report        141
Page 144
 Remunerasi Dewan Komisaris dan Direksi
 Remuneration for the Board of Commissioners and
 Board of Directors
 RUPS berwenang untuk menentukan remunerasi termasuk            GMS has the authority to determine remuneration including but
 tetapi tidak terbatas pada gaji, uang jasa, dan tunjangan      not limited to salary, service fees, and other allowances for the
 lainnya untuk Dewan Komisaris dan Direksi. RUPS juga dapat     Board of Commissioners and Board of Directors. GMS may also
 mendelegasikan kewenangannya kepada Dewan Komisaris            delegate its authority to the Board of Commissioners to determine
 untuk menentukan jumlah remunerasi Dewan Komisaris dan         the remuneration amount for the Board of Commissioners
 Direksi setiap tahunnya. Adapun penentuan remunerasi Dewan     and Board of Directors annually. The remuneration can be
 Komisaris dan Direksi dilakukan berdasarkan rekomendasi dari   determined based on recommendations from the Nomination
 Komite Nominasi dan Remunerasi dengan mempertimbangkan         and Remuneration Committee by considering a number of
 sejumlah indikator yang telah ditetapkan sebelumnya.           predetermined indicators. The recommendation will then be
 Selanjutnya, rekomendasi tersebut disampaikan kepada Dewan     submitted to the Board of Commissioners.
 Komisaris.


 Prosedur Penetapan Remunerasi Dewan                            Procedure for Determining Remuneration of the
 Komisaris dan Direksi                                          Board of Commissioners and Board of Directors
 Prosedur penetapan remunerasi yang berlaku untuk Dewan         Procedure for determining remuneration of the Board of
 Komisaris dan Direksi Perseroan sebagai berikut:               Commissioners and Board of Directors is as follows:
 1. Komite Nominasi dan Remunerasi meninjau struktur dan        1. Nomination and Remuneration Committee shall review
     jumlah remunerasi Dewan Komisaris dan Direksi;                 the remuneration structure and amount of the Board of
                                                                    Commissioners and Board of Directors;
 2. Komite    Nominasi     dan  Remunerasi      memberikan      2. Nomination and Remuneration Committee shall provide
    rekomendasi mengenai peningkatan remunerasi tahun               recommendation on next year’s remuneration increase for
    berikutnya untuk Dewan Komisaris dan Direksi;                   the Board of Commissioners and Board of Directors;
 3. Rekomendasi      kemudian    akan     dievaluasi  oleh      3. The recommendation shall then be evaluated by the Board
    Dewan Komisaris; serta                                          of Commissioners; and
 4. Rekomendasi yang telah dievaluasi akan diusulkan oleh       4. The recommendation, that has passed the evaluation, shall
    Dewan Komisaris kepada RUPS untuk dimintai persetujuan          be proposed by the Board of Commissioners to the GMS for
    atau disetujui oleh Dewan Komisaris berdasarkan                 approval or to be approved by Board of Commissioners, should
    pelimpahan kewenangan RUPS kepada Dewan Komisaris.              the GMS delegate its authority to the Board of Directors.


 Indikator Penetapan Remunerasi Dewan Komisaris                 Indicators for Determining Remuneration of the
 dan Direksi                                                    Board of Commissioners and Board of Directors
 Indikator yang menjadi pertimbangan dalam melakukan kajian     Indicators to be considered in determining the remuneration of
 untuk menetapkan remunerasi Dewan Komisaris dan Direksi        Board of Commissioners and Board of Directors are as follows:
 sebagai berikut:
 1. Tanggung jawab, pengalaman, pengetahuan, dan                1. Responsibilities, experience, knowledge, and expertise of
     keterampilan yang dimiliki Dewan Komisaris dan Direksi;       the Board of Commissioners and Board of Directors;
 2. Perbandingan terhadap perusahaan dalam industri sejenis     2. Periodic comparison with companies in similar industries;
     yang dilakukan secara berkala;
 3. Kinerja keuangan Perseroan dan pemenuhan kewajiban          3. The Company’s financial performance and fulfillment of
     keuangan;                                                     financial obligations;
 4. Kinerja, tugas, tanggung jawab dan wewenang masing-         4. Performance, duties, responsibilities, and authorities of
     masing anggota Dewan Komisaris dan Direksi;                   each member of the Board of Commissioners and Board of
                                                                   Directors;
 5. Pencapaian tujuan kinerja jangka pendek dan jangka          5. The achievement of short-term and long-term performance
    panjang senantiasa selaras dengan strategi Perseroan;          goals are constantly in line with the Company’s strategy;
    serta                                                          and
 6. Target Perseroan dan individu, non-monetary benefit serta   6. The Company’s and individual targets, non-monetary
    hasil kerja individu dan Perseroan.                            benefits, and results of individual and the Company’s works.




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                                                                                                                                 Tata Kelola Perusahaan
                                                                                                                           Good Corporate Governance




Struktur Remunerasi Dewan Komisaris dan                                 Remuneration Structure of the Board of
Direksi                                                                 Commissioners and Board of Directors
Struktur remunerasi yang diterima oleh Dewan Komisaris dan              Remuneration structure received by the Board of Commissioners
Direksi ditentukan dalam Kompensasi Manajemen Inti.                     and Board of Directors is specified in the Key Management
                                                                        Compensation.


Kompensasi Manajemen Inti                                               Key Management Compensation
Organ Perseroan yang tegolong dalam manajemen inti adalah               The Company’s organs classified in the key management are
Dewan Komisaris dan Direksi dari Perseroan dan Entitas Anak.            the Board of Commissioners and the Board of Directors of
Kompensasi yang dibayarkan kepada manajemen inti pada                   the Company and its Subsidiaries. Compensation paid to Key
tahun 2023 sebagai berikut:                                             Management in 2023 is as follows:

                                                             (dalam jutaan Rupiah, kecuali dinyatakan khusus / in million Rupiah, unless otherwise specified)

                                                          2023                                                           2022
                                                                Persentase dari                                                  Persentase dari
              Uraian                                               Total Biaya                                                      Total Biaya
            Description                       (Rp)             Percentage of Total                        (Rp)                  Percentage of Total
                                                                    Expense                                                          Expense
                                                                       (%)                                                              (%)

 Kompensasi Manajemen Inti
                                             62.337                       6,97                           44.799                           5,77
 Key Management Compensation


Dengan mempertimbangkan satu dan lain hal yang tidak dapat              By considering several aspects not to be specified in this Annual
diungkapkan dalam Laporan Tahunan ini, informasi mengenai               Report, information on remuneration of each member of the
remunerasi masing-masing anggota Dewan Komisaris dan                    Board of Commissioners and Board of Directors cannot be
Direksi Perseroan tidak dapat diungkapkan secara terperinci.            disclosed in detail.




Komite Audit
Audit Committee

Komite Audit dibentuk oleh dan bertanggung jawab kepada                 The Audit Committee is established by and responsible to the
Dewan Komisaris untuk membantu Dewan Komisaris dalam                    Board of Commissioners to assist the Board of Commissioners
rangka mendukung efektivitas pelaksanaan tugas dan fungsi               in supporting effective oversight duty and function on matters
pengawasan (oversight) atas hal-hal yang terkait dengan kualitas        relating to the quality of Financial Statement, internal control
Laporan Keuangan, sistem pengendalian internal, pelaksanaan             system, implementation of internal and external audit functions,
fungsi audit internal dan eksternal, implementasi tata kelola           governance implementation, and compliance with the applicable
serta kepatuhan terhadap peraturan perundang-undangan yang              laws and regulations.
berlaku.



Pedoman Komite Audit                                                    Audit Committee Charter

Komite Audit telah memiliki Pedoman Komite Audit yang telah             The Audit Committee already has the Audit Committee Charter,
diperbarui pada tanggal 20 Desember 2019.                               which was updated on December 20, 2019.



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

Setiap anggota Komite Audit diangkat dan diberhentikan                  Each member of Audit Committee is appointed and dismissed
berdasarkan keputusan Dewan Komisaris dengan masa jabatan               under the Board of Commissioners’ decision and the term
tidak diperkenankan melebihi masa jabatan Dewan Komisaris.              of office shall not exceed the Board of Commissioners’



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Page 146
 Berdasarkan Pedoman Kerja Komite Audit, komposisi Komite                                   term of office. Based on the Audit Committee Charter,
 Audit dijelaskan sebagai berikut:                                                          the composition of Audit Committee is explained as follows:
 1. Komite Audit diangkat dan diberhentikan oleh Dewan                                      1. Audit Committee is appointed and dismissed by the Board
     Komisaris;                                                                                 of Commissioners;
 2. Komite Audit paling kurang terdiri dari 3 anggota yang berasal                          2. Audit Committee at least consists of 3 members from
     dari Komisaris Independen dan pihak dari luar Perseroan; serta                             Independent Commissioners and external parties; and
 3. Komite Audit diketuai oleh Komisaris Independen.                                        3. Audit Committee shall be chaired by an Independent
                                                                                                Commissioner.



 Profil Komite Audit                                                                        Profile of Audit Committee

         BENNY REDJO SETYONO
         Ketua                                                                                      Warga Negara Indonesia, usia 63 tahun, berdomisili di Jakarta.
         Chairman                                                                                             Indonesian Citizen, 63 years old, domiciled in Jakarta.


    Dasar Hukum Pengangkatan
    Basis of Appointment
    Keputusan Dewan Komisaris tanggal 6 Juni 2023 (2023-2028).
    The Board of Commissioners’ decision dated June 6, 2023 (2023-2028).

 Uraian lengkap terkait profil Ketua Komite Audit dapat dilihat pada Profil Dewan Komisaris dalam Laporan Tahunan ini.
 For more details on profile of the Chairman of Audit Committee, see the Profile of Board of Commissioners section in this Annual Report.




         ARIA KANAKA
         Anggota                                                                                    Warga Negara Indonesia, usia 49 tahun, berdomisili di Jakarta.
         Member                                                                                                Indonesian Citizen, 49 years old, domiciled in Jakarta



 Dasar Hukum Pengangkatan                                                                   Basis of Appointment
 Keputusan Dewan Komisaris tanggal 6 Juni 2023 (2023-2028).                                 The Board of Commissioners’ decision dated June 6, 2023(2023-2028).

 Riwayat Pendidikan dan/atau Sertifikasi                                                    Educational Background and/or Certification
 • Sarjana Ekonomi dari Universitas Indonesia (1997);                                       • Bachelor of Economics from Universitas Indonesia (1997);
 • Register Negara untuk Akuntan dari Departemen Keuangan Republik                          • State Register for Accountants from the Minister of Finance of the
   Indonesia No. D-20.826 (2000);                                                             Republic of Indonesia No. D-20.826 (2000);
 • Sertifikasi Akuntan Publik (USAP) dari Ikatan Akuntan Indonesia                          • Public Accountant Certification (USAP) from the Institute of Indonesia
   (2003); serta                                                                              Chartered Accountants (2003); and
 • Magister Akuntansi dari Universitas Indonesia (2010).                                    • Master of Accounting from Universitas Indonesia (2010).

 Riwayat Jabatan                                                                            History of Previous Position
 • Asisten Dosen Fakultas Ekonomi Universitas Indonesia (1997-2000);                        • Assistant Lecturer, Faculty of Economics, Universitas Indonesia
                                                                                              (1997-2000);
 • Auditor Kantor Akuntan Publik Prasetio, Utomo & Co (member firm                          • Auditor for Public Accounting Firm Prasetio, Utomo & Co (member
   Andersen Worldwide) (1997-2002);                                                           firm of Andersen Worldwide) (1997-2002);
 • Auditor Kantor Akuntan Publik Prasetio, Sarwoko & Sandjaja (member                       • Auditor for Public Accounting Firm Prasetio, Sarwoko & Sandjaja
   firm Ernst & Young) (2002);                                                                (member firm of Ernst & Young) (2002);
 • Partner Kantor Akuntan Publik Aria Kanaka (2003-2004);                                   • Partner of Aria Kanaka Public Accounting Firm (2003-2004);
 • Partner Kantor Akuntan Publik Aria & Jonnardi (2004-2009);                               • Partner of Aria & Jonnardi Public Accounting Firm (2004-2009);
 • Partner Kantor Akuntan Publik Jamaludin, Aria, Sukimto & Rekan                           • Partner of Public Accounting Firm Jamaludin, Aria, Sukimto & Rekan
   (2009-2012); serta                                                                         (2009-2012); and
 • Partner Kantor Akuntan Publik Gideon Ikhwan Sofwan (member firm                          • Partner of Public Accounting Firm Gideon Ikhwan Sofwan (member
   Parker Randall International) (2012-2013).                                                 firm of Parker Randall International) (2012-2013).

 Rangkap Jabatan                                                                            Concurrent Positions
 • Dosen Fakultas Ekonomi dan Bisnis Universitas Indonesia;                                 • Lecturer at the Faculty of Economics and Business, Universitas
                                                                                              Indonesia;
 • Partner Kantor Akuntan Publik Aria Kanaka & Rekan (member firm                           • Partner of Public Accounting Firm Aria Kanaka & Rekan (member firm
   Mazars SCRL);                                                                              of Mazars SCRL);
 • Anggota Komite Audit di beberapa perusahaan; serta                                       • Member of Audit Committee in several companies; and
 • Komisaris Independen PT Gihon Telekomunikasi Indonesia Tbk.                              • Independent Commissioner of PT Gihon Telekomunikasi Indonesia Tbk.

 Hubungan Afiliasi                                                                          Affiliate Relations
 Tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris,                           No affiliation with members of Board of Commissioners, members of
 anggota Direksi, atau dengan Pemegang Saham Utama dan Pemegang                             Board of Directors, or Major and Controlling Shareholders, either directly
 Saham Pengendali, baik langsung maupun tidak langsung sampai                               or directly, up to individual owner.
 kepada pemilik individu.



          PT Mitra Pinasthika Mustika Tbk
144       Laporan Tahunan 2023 Annual Report
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                                                                                                                            Tata Kelola Perusahaan
                                                                                                                        Good Corporate Governance




       YOSAPHAT BUDISATYAWIRA
       Anggota                                                                   Warga Negara Indonesia, usia 59 tahun, berdomisili di Jakarta.
       Member                                                                              Indonesian Citizen, 59 years old, domiciled in Jakarta.



Dasar Hukum Pengangkatan                                                   Basis of Appointment
Keputusan Dewan Komisaris tanggal 6 Juni 2023 (2023-2028).                 The Board of Commissioners’ decision dated June 6, 2023
                                                                           (2023-2028).

Riwayat Pendidikan dan/atau Sertifikasi                                    Educational Background and/or Certification
Sarjana Ekonomi dari Universitas Prof. Dr. Moestopo (2002).                Bachelor of Economics from Universitas Prof. Dr. Moestopo (2002).

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

Rangkap Jabatan                                                            Concurrent Positions
• Ketua Komite Nominasi dan Remunerasi PT JACCS Mitra Pinasthika           • Chairman of Nomination and Remuneration Committee                       of
  Mustika Finance Indonesia;                                                 PT JACCS Mitra Pinasthika Mustika Finance Indonesia
• Ketua Komite Audit PT JACCS Mitra Pinasthika Mustika Finance             • Chairman of Audit Committee of PT JACCS Mitra Pinasthika Mustika
  Indonesia;                                                                 Finance Indonesia
• Komisaris Independen PT JACCS Mitra Pinasthika Mustika Finance           • Independent Commissioner of PT JACCS Mitra Pinasthika Mustika
  Indonesia; serta                                                           Finance Indonesia;
• Ketua Komite Pemantau Risiko PT JACCS Mitra Pinasthika Mustika           • Chairman of Risk Monitoring Committee of PT JACCS Mitra Pinasthika
  Finance Indonesia.                                                         Mustika Finance Indonesia.

Hubungan Afiliasi                                                          Affiliate Relations
Tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris,           No affiliation with members of Board of Commissioners, members of
anggota Direksi, atau dengan Pemegang Saham Utama dan Pemegang             Board of Directors, or Major and Controlling Shareholders, either directly
Saham Pengendali, baik langsung maupun tidak langsung sampai               or directly, up to individual owner.
kepada pemilik individu.




Pernyataan Independensi Komite Audit                                       Statement of Independence of the Audit
                                                                           Committee

Ketua dan anggota Komite Audit Perseroan tidak memiliki                    The Chairman and members of the Company’s Audit Committee
saham langsung maupun tidak langsung pada Perseroan dan                    do not own shares directly or indirectly in the Company and do
tidak memiliki hubungan keluarga, keuangan, dan kepengurusan               not have family, financial, or management relationships with
dengan anggota Dewan Komisaris, Direksi, dan/atau Pemegang                 members of the Board of Commissioners, Board of Directors,
Saham Perseroan, baik secara langsung maupun tidak langsung,               and/or Company Shareholders, either directly or indirectly,
yang dapat memengaruhi kapasitasnya untuk bertindak secara                 which could affect their capacity to act independently.
independen.



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

Tugas dan tanggung jawab Komite Audit berdasarkan Pedoman                  Duties and responsibilities of the Audit Committee based on the
Komite Audit sebagai berikut:                                              Audit Committee Charter are:
1. Menelaah informasi keuangan yang akan dikeluarkan                       1. To review financial information that the Company will
   Perseroan kepada publik dan/atau pihak otoritas, antara                     issue to the public and/or authorities, including Financial
   lain Laporan Keuangan, proyeksi, dan laporan lainnya terkait                Statements, projections, and other reports related to the
   dengan informasi keuangan Perseroan;                                        Company’s financial information;



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 2. Menelaah atas ketaatan terhadap peraturan perundang-             2. To review compliance with laws and regulations related to
     undangan yang berhubungan dengan kegiatan Perseroan;               the Company’s activities;
 3. Memberikan pendapat independen dalam hal terjadi                 3. To provide independent opinion in the event of dissenting
     perbedaan pendapat antara pihak manajemen dan auditor              opinion between management and external auditor for the
     eksternal atas jasa yang diberikannya;                             services rendered;
 4. Memberikan rekomendasi kepada Dewan Komisaris                    4. To provide recommendations to the Board of Commissioners
     mengenai penunjukan dan/atau penggantian pemberhentian             regarding the appointment and/or replacement/dismissal
     auditor eksternal;                                                 of external auditor;
 5. Melakukan penelaahan atas pelaksanaan pemeriksaan                5. To review the implementation of audits by the Internal Audit
     oleh fungsi Audit Internal dan mengawasi pelaksanaan               function and supervise the follow-up actions by the Board
     tindak lanjut oleh Direksi atas temuan fungsi Audit Internal;      of Directors on the Internal Audit’s findings;
 6. Melakukan penelaahan terhadap aktivitas pelaksanaan              6. To review the risk management activities implemented by
     manajemen risiko yang dilakukan oleh Direksi, jika                 Board of Directors, if the Company does not have a risk
     Perseroan tidak memiliki fungsi pemantau risiko di bawah           monitoring function under the Board of Commissioners;
     Dewan Komisaris;
 7. Menelaah pengaduan yang berkaitan dengan proses                  7. To review complaints related to the Company’s accounting
     akuntansi dan pelaporan keuangan Perseroan;                         process and financial reporting;
 8. Menelaah dan memberikan saran kepada Dewan Komisaris             8. To review and provide the Board of Commissioners with
     terkait dengan adanya potensi benturan kepentingan                  suggestions regarding the potential conflicts of interest in
     Perseroan;                                                          the Company;
 9. Melakukan evaluasi terhadap pelaksanaan pemberian                9. To evaluate the implementation of audit services on annual
     jasa audit atas informasi keuangan historis tahunan oleh            historical financial information by public accountant and/or
     akuntan publik dan/atau kantor akuntan publik; serta                public accounting firm; and
 10. Menjaga kerahasiaan dokumen, data, dan informasi                10. To maintain the confidentiality of the Company’s documents,
     Perseroan.                                                          data, and information.



 Pelaksanaan Kegiatan Komite Audit                                   Implementation of Audit Committee’s
                                                                     Activities

 Sepanjang tahun 2023, Komite Audit melaksanakan berbagai            Throughout 2023, the Audit Committee performed various
 kegiatan yang menjadi bagian dari tugas dan tanggung jawabnya       activities which were part of its duties and responsibilities as
 sebagai berikut:                                                    follows:
 1. Melakukan evaluasi terhadap pelaksanaan pemberian jasa           1. Evaluated the implementation of audit services by
     audit oleh KAP Siddharta Widjaja & Rekan (anggota dari               KAP Siddharta Widjaja & Rekan (member of KPMG
     KPMG International) atas Laporan Keuangan Konsolidasian              International) on the Company’s Consolidated Financial
     Perseroan untuk tahun yang berakhir pada tanggal                     Statements for the year ending on December 31, 2022;
     31 Desember 2022;
 2. Melakukan penelaahan atas Laporan Keuangan Interim               2. Reviewed the Company’s quarterly Interim Financial
     triwulanan Perseroan;                                              Statements;
 3. Melakukan penelaahan, antara lain atas independensi              3. Reviewed, among other things, the independence and
     dan objektivitas akuntan publik, kantor akuntan publik,            objectivity of public accountant, public accounting firm, audit
     ruang lingkup audit, metodologi audit dan memberikan               scope, audit methodology, and provided recommendations
     rekomendasi kepada Dewan Komisaris dalam penunjukan                to the Board of Commissioners in appointing Novie
     Novie dan KAP Siddharta, Widjaja & Rekan (anggota dari             and KAP Siddharta, Widjaja & Rekan (member of KPMG
     KPMG International) sebagai akuntan publik dan kantor              International) as public accountant and public accounting
     akuntan publik yang akan melakukan audit atas Laporan              firm who audited the Consolidated Financial Statements
     Keuangan Konsolidasian Perseroan dan Entitas Anak untuk            of the Company and Subsidiaries for the year ending on
     tahun yang berakhir pada tanggal 31 Desember 2023; serta           December 31, 2023; and
 4. Melakukan pembahasan dengan auditor eksternal                    4. Discussed the scope, important findings, and the external
     mengenai ruang lingkup, temuan-temuan penting, dan                 auditor’s audit work results with external auditor on the
     hasil kerja audit auditor eksternal atas Laporan Keuangan          Consolidated Financial Statements of the Company and
     Konsolidasian Perseroan dan Entitas Anak untuk tahun               Subsidiaries for the year ending on December 31, 2023.
     yang berakhir pada tanggal 31 Desember 2023.




        PT Mitra Pinasthika Mustika Tbk
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                                                                                                                                            Tata Kelola Perusahaan
                                                                                                                                        Good Corporate Governance




Rapat Komite Audit                                                                            Audit Committee’s Meetings

Kebijakan Rapat Komite Audit                                                                  Attendance Rate of Audit Committee’s Meetings
Berdasarkan Pedoman Kerja Komite Audit, Komite Audit                                          Based on Audit Committee Charter, the Audit Committee is
diwajibkan menyelenggarakan rapat minimal 1 kali dalam 3 bulan.                               required to hold a meeting at least once every 3 months. Such
Rapat tersebut juga dapat dilaksanakan sewaktu-waktu apabila                                  meeting shall also be held any time deemed necessary.
dianggap perlu.


Tingkat Kehadiran Rapat Komite Audit                                                          Attendance Rate of Audit Committee’s Meetings
Frekuensi dan tingkat kehadiran rapat masing-masing anggota                                   The frequency and attendance rate of each member of the Audit
Komite Audit serta agenda rapat di tahun 2023 diuraikan sebagai                               Committee in meetings, as well as the meeting agenda in 2023
berikut:                                                                                      were outlined as follows:


                                                                                                                             Peserta Rapat
        Tanggal                                                                                                               Participants
                                                             Agenda
         Date                                                                                             Benny Redjo                             Yosaphat
                                                                                                                              Aria Kanaka*
                                                                                                            Setyono                             Budisatyawira*

                            Audit Laporan Keuangan Tahun 2022 (Laporan Audit dari KPMG)
 20 Maret 2023              dan Laporan Audit Internal.
 March 20, 2023             Audit of 2022 Financial Statements (Audit Report from KPMG)
                            and Internal Audit Report.
                            • Penyampaian Laporan Keuangan triwulan 1 tahun 2023; serta
                            • Pembaruan informasi terkait aktivitas Audit Internal triwulan 1
 28 April 2023                tahun 2023.
 April 28, 2023
                            • Submission of Financial Statements for Q1/2023; and
                            • Updates of information on Internal Audit activities for Q1/2023.
                            • Penyampaian Laporan Keuangan triwulan 2 tahun 2023; serta
                            • Pembaruan informasi terkait aktivitas Audit Internal triwulan 2
 26 Juli 2023                 tahun 2023.
 July 26, 2023
                            • Submission of Financial Statements for Q2/2023; and
                            • Updates of information on Internal Audit activities for Q2/2023.
                            • Penyampaian Laporan Keuangan triwulan 3 tahun 2023; serta
                            • Pembaruan informasi terkait aktivitas Audit Internal triwulan 3
 26 Oktober 2023              tahun 2023.
 October 26, 2023
                            • Submission of Financial Statements for Q3/2023; and
                            • Updates of information on Internal Audit activities for Q3/2023.
 23 November 2023           Rencana audit Laporan Keuangan tahun buku 2023.
 November 23, 2023          Audit plan for the 2023 Financial Statements.
 Total Kehadiran dalam Rapat
                                                                                                               5                    3                   3
 Total Attendance in Meetings
 Total Rapat
                                                                                                               5                    3                   3
 Total Number of Meetings
 Tingkat Kehadiran (%)
                                                                                                             100,00              100,00              100,00
 Attendance Rate (%)
 Rata-rata Kehadiran (%)
                                                                                                                                 100,00
 Average Attendance Rate (%)
* Efektif menjabat sejak tanggal 6 Juni 2023. / Efektif menjabat sejak tanggal 6 Juni 2023.




Pelatihan dan/atau Peningkatan                                                                Competency Training and/or Development
Kompetensi Komite Audit                                                                       for Audit Committee

Pelatihan dan/atau peningkatan kompetensi Ketua Komite                                        Competency training and/or development programs for the
Audit dapat dilihat pada Pelatihan dan/atau Peningkatan                                       Chairman of Audit Committee can be seen in the Competency
Kompetensi Dewan Komisaris dan Direksi. Selain Ketua Komite                                   Training and/or Development for the Board of Commissioners
Audit, anggota Komite Audit tidak mengikuti pelatihan dan/atau                                and Board of Directors. Apart from the Chairman of Audit
peningkatan kompetensi di tahun 2023:                                                         Committee, the Audit Committee members did not attend any
                                                                                              competency training and/or development programs in 2023.




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Page 150
 Komite Nominasi dan Remunerasi
 Nomination and Remuneration Committee


 Komite Nominasi dan Remunerasi (KNR) merupakan komite           The Nomination and Remuneration Committee (KNR) is a
 yang dibentuk dan bertanggung jawab kepada Dewan Komisaris      committee established by and is responsible to the Board
 untuk membantu Dewan Komisaris dalam melaksanakan tugas         of Commissioners to assist the Board of Commissioners in
 dan tanggung-jawabnya terkait dengan pemberian rekomendasi      performing its duties and responsibilities related to providing
 atas nominasi dan remunerasi dari anggota Dewan Komisaris       recommendations on nominations and remuneration for
 dan Direksi sesuai dengan prinsip-prinsip GCG.                  members of the Board of Commissioners and Board of Directors
                                                                 in line with GCG principles.



 Pedoman Komite Nominasi dan                                     Nomination and Remuneration Committee
 Remunerasi                                                      Charter

 KNR telah memiliki Pedoman KNR yang telah diperbarui pada       KNR already has the KNR Charter, which was updated on
 tanggal 1 Februari 2023.                                        February 1, 2023.



 Komposisi dan Masa Jabatan Komite                               Composition and Term of Office of the
 Nominasi dan Remunerasi                                         Nomination and Remuneration Committee

 Pada tahun 2023, KNR beranggotakan 3 orang yang berasal dari    In 2023, KNR consisted of 3 members from the Board of
 anggota Dewan Komisaris, yaitu 1 orang ketua yang merupakan     Commissioners, i.e. 1 chairman serving as an Independent
 Komisaris Independen, 1 orang anggota yang merupakan            Commissioner, 1 member serving as the President Commissioner,
 Komisaris Utama, dan 1 orang anggota yang merupakan             and 1 member serving as a Commissioner. The term of office
 Komisaris. Masa jabatan anggota KNR tidak boleh lebih lama      of a KNR member shall not be longer than the term of office of
 dari masa jabatan Dewan Komisaris dengan tidak mengurangi       the Board of Commissioners without prejudice to the Board of
 hak Dewan Komisaris untuk memberhentikannya sewaktu waktu.      Commissioners’ right to dismiss them at any time.


 Berikut komposisi anggota KNR Perseroan yang diangkat           The following is the composition of the Company’s KNR members
 berdasarkan Keputusan Dewan Komisaris tanggal 6 Juni 2023       appointed based on Board of Commissioners’ Decision dated
 (2023-2028):                                                    June 6, 2023 (2023-2028):
 Ketua    : Istama Tatang Siddharta                              Chairman : Istama Tatang Siddharta
 Anggota : Edwin Soeryadjaya                                     Member : Edwin Soeryadjaya
 Anggota : Tossin Himawan                                        Member : Tossin Himawan



 Profil Komite Nominasi dan Remunerasi                           Profile of Nomination and Remuneration
                                                                 Committee

 Profil lengkap anggota KNR dapat dilihat pada bab Profil        Complete profile of KNR members can be seen in the Company
 Perusahaan bagian Profil Dewan Komisaris dalam Laporan          Profile chapter, Board of Commissioners Profile section in this
 Tahunan ini.                                                    Annual Report.



 Pernyataan Independensi Komite                                  Statement of Independence of
 Nominasi dan Remunerasi                                         Nomination and Remuneration Committee

 Aspek independensi KNR terpenuhi dengan menjadikan              The independence aspect of KNR is fulfilled by making an
 Komisaris Independen sebagai ketua KNR. Selain itu, anggota     Independent Commissioner the chairman of KNR. In addition,
 KNR senantiasa menjaga independensi agar penelaahan,            KNR members maintain their independence so that their review,
 pengawasan, dan rekomendasi yang diberikan bebas dari konflik   monitoring, and recommendations are free of conflicts of
 kepentingan sehingga pelaksanaan tugasnya berdasarkan pada      interest so that their duties’ implementation shall be based on
 kepentingan Perseroan, bukan kepentingan kelompok tertentu.     the Company’s interests, not on any other party’s interests.



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                                                                                                          Tata Kelola Perusahaan
                                                                                                      Good Corporate Governance




Tugas dan Tanggung Jawab Komite                                 Duties and Responsibilities of the
Nominasi dan Remunerasi                                         Nomination and Remuneration Committee

Tugas dan tanggung jawab KNR berdasarkan Pedoman KNR            Duties and responsibilities of KNR based on the KNR Charter are:
sebagai berikut:
1. Terkait dengan tugas nominasi:                               1. Regarding nomination duties:
   a. Mengkaji komposisi dan besarnya keanggotaan                  a. To study the composition and size of the Board of
       Dewan Komisaris dan Direksi untuk memastikan                   Commissioners and Board of Directors to ensure that
       bahwa anggota Dewan Komisaris dan Direksi memiliki             the members have adequate expertise and come from
       keahlian yang memadai dan berasal dari berbagai latar          diverse backgrounds required by the Company;
       belakang yang diperlukan Perseroan;
   b. Membantu Dewan Komisaris dalam menetapkan                    b. To assist the Board of Commissioners with job
       rincian tugas dan persyaratan penunjukan, termasuk             description and appointment terms, including criteria
       kriteria-kriteria bagi anggota Dewan Komisaris dan             for members of Board of Commissioners and Board of
       Direksi;                                                       Directors;
   c. Merekomendasikan sistem nominasi dan evaluasi                c. To recommend a transparent nomination and
       kinerja yang transparan bagi Dewan Komisaris dan               performance evaluation system for the Board of
       Direksi yang selanjutnya diajukan untuk memperoleh             Commissioners and Board of Directors, to be proposed
       persetujuan RUPS;                                              to the GMS for approval;
   d. Mengkaji sistem manajemen karier yang diterapkan di          d. To review the career management system applied in
       Perseroan dan merekomendasikan upaya perbaikan                 the Company and recommend methods to improve and
       dan penyelarasannya;                                           align;
   e. Merekomendasikan           program     pengembangan          e. To recommend capacity building program for members
       kemampuan anggota Direksi dan/atau anggota Dewan               of Board of Directors and/or members of Board of
       Komisaris; serta                                               Commissioners; and
   f. Memberikan usulan calon yang memenuhi syarat                 f. To propose candidates who meet the requirements
       sebagai anggota Direksi dan/atau anggota Dewan                 as members of Board of Directors and/or Board of
       Komisaris untuk disampaikan kepada RUPS.                       Commissioners to be submitted to the GMS.
2. Terkait dengan fungsi remunerasi:                            2. Regarding remuneration function:
   a. Merekomendasikan sistem remunerasi bagi Dewan                a. To recommend a remuneration system for Board of
       Komisaris dan Direksi untuk selanjutnya diajukan guna          Commissioners and Board of Directors to be proposed
       memperoleh persetujuan RUPS;                                   to the GMS for approval;
   b. Merekomendasikan gaji, tantiem, santunan purna               b. To recommend salaries, profit sharing, retirement
       jabatan, dan kompensasi bagi Dewan Komisaris,                  benefits, and compensation for Board of Commissioners,
       Sekretaris Dewan Komisaris (apabila ada), dan Direksi;         Secretary to Board of Commissioners (if any), and Board
                                                                      of Directors;
   c. Merekomendasikan manfaat lain bagi Dewan                     c. To recommend other benefits for Board of
      Komisaris dan Direksi;                                          Commissioners and Board of Directors;
   d. Membantu Komisaris Utama dalam menyusun                      d. To assist President Commissioner with preparing the
      pengungkapan remunerasi Dewan Komisaris dan                     disclosure of remuneration of Board of Commissioners
      Direksi secara individual dan bersama-sama di dalam             and Board of Directors, individually and collectively, in
      Laporan Tahunan Perseroan;                                      the Company’s Annual Report;
   e. Mempertimbangkan hal-hal lain berkaitan dengan               e. To consider other matters related to remuneration or
      remunerasi atau syarat pekerjaan yang diberlakukan              job requirements assigned for Board of Commissioners
      bagi Dewan Komisaris dan Direksi;                               and Board of Directors;
   f. Memberikan rekomendasi tentang sistem kompensasi             f. To recommend a compensation system and other
      serta manfaat lainnya dalam hal dilakukannya program            benefits in the event of downsizing program;
      pengurangan pegawai;
   g. melakukan studi banding, survei, dan penelitian dalam         g. To conduct comparative visits, surveys, and researches
      rangka mengembangkan sistem remunerasi bagi                      to develop a better remuneration system for Board of
      Dewan Komisaris dan Direksi; serta                               Commissioners and Board of Directors; and
   h. Mengkaji sistem pemberian imbalan yang berlaku di             h. To review the remuneration system applied in the
      Perseroan dan merekomendasikan upaya perbaikan                   Company and recommend methods to improve and
      dan penyelarasannya.                                             align.




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Page 152
 Pelaksanaan Kegiatan Komite Nominasi                                        Implementation of Nomination and
 dan Remunerasi                                                              Remuneration Committee’s Activities

 Sepanjang tahun 2023, KNR melaksanakan berbagai kegiatan                    Throughout 2023, KNR performed various activities which were
 yang menjadi bagian dari tugas dan tanggung jawabnya sebagai                part of its duties and responsibilities as follows:
 berikut:
 1. Membantu Dewan Komisaris melakukan penilaian kinerja                     1. Assisted the Board of Commissioners with evaluating
     anggota Direksi dan/atau anggota Dewan Komisaris                           the performance of Board of Directors’ members and/
     berdasarkan tolok ukur yang telah disusun, termasuk tetapi                 or Board of Commissioners’ members based on the
     tidak terbatas memberikan rekomendasi atau berdiskusi                      prepared benchmarks, including but not limited to providing
     mengenai sistem penggajian dan fasilitas/tunjangan untuk                   recommendations or discussing on salary and facilities/
     Direksi dan Dewan Komisaris Perseroan, program insentif                    allowances system for the Board of Directors and Board of
     jangka panjang untuk Direksi Perseroan dan/atau Entitas                    Commissioners, long-term incentive program for the Board
     Anak, serta imbalan untuk karyawan Grup MPM;                               of Directors of the Company and/or its Subsidiaries, and
                                                                                rewards program for MPM Group’s employees;
 2. Membahas kinerja Perseroan terkait dengan inisiatif di                   2. Discussed the Company’s performance regarding initiatives
    bidang sumber daya manusia Grup MPM; serta                                  in MPM Group’s human resources; and
 3. Melakukan penilaian dan memberikan rekomendasi                           3. Evaluated and provided recommendations for candidates
    terhadap kandidat yang dinominasikan sebagai anggota                        nominated as management members to be submitted to
    manajemen untuk disampaikan kepada Dewan Komisaris,                         the Board of Commissioners, which were then proposed to
    yang selanjutnya diusulkan kepada RUPS.                                     the GMS.



 Rapat Komite Nominasi dan Remunerasi                                        Nomination and Remuneration Committee’s
                                                                             Meetings

 Kebijakan Rapat Komite Nominasi dan                                         Nomination and Remuneration Committee’s
 Remunerasi                                                                  Meeting Policy
 Berdasarkan Pedoman Kerja KNR, KNR diwajibkan                               Based on KNR Charter, the KNR is required to hold a meeting at
 menyelenggarakan rapat minimal 1 kali dalam 4 bulan. Rapat                  least once every 4 months. Such meeting shall also be held any
 tersebut juga dapat dilaksanakan sewaktu-waktu apabila                      time deemed necessary.
 dianggap perlu.


 Tingkat Kehadiran Rapat Komite Nominasi                                     Attendance Rate of Nomination and
 dan Remunerasi                                                              Remuneration Committee’s Meetings
 Frekuensi dan tingkat kehadiran rapat masing-masing                         The frequency and attendance rate of each member of the KNR
 anggota KNR serta agenda rapat di tahun 2023 diuraikan                      in meetings, as well as the meeting agenda in 2023 were outlined
 sebagai berikut:                                                            as follows:


                                                                                                          Peserta Rapat
       Tanggal                                                                                             Participants
                                                    Agenda
        Date                                                                             Istama Tatang       Edwin              Tossin
                                                                                            Siddharta      Soeryadjaya         Himawan

                          • Employee engagement; serta
  30 Maret 2023           • Digitalisasi SDM.
  March 30, 2023          • Employee engagement; and
                          • HR digitalization.
  28 Juli 2023
                          Engaging and enabling employee.
  July 28, 2023
  22 Desember 2023        Rencana atau jadwal penyelenggaraan rapat KNR di tahun 2024.
  December 22, 2023       Plan or schedules for holding KNR meetings in 2024.
  Total Kehadiran dalam Rapat
                                                                                               3                 3                 3
  Total Attendance in Meetings
  Total Rapat
                                                                                               3                 3                 3
  Total Number of Meetings
  Tingkat Kehadiran (%)
                                                                                             100,00            100,00           100,00
  Attendance Rate (%)
  Rata-rata Kehadiran (%)
                                                                                                               100,00
  Average Attendance Rate (%)



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                                                                                                            Tata Kelola Perusahaan
                                                                                                        Good Corporate Governance




Pelatihan dan/atau Peningkatan Kompetensi                         Competency Training and/or
Komite Nominasi dan Remunerasi                                    Development for Nomination and
                                                                  Remuneration Committee

Informasi pelatihan dan/atau peningkatan anggota KNR di           Information on training and/or improvement of KNR members in
tahun 2023 dapat dilihat pada Pelatihan dan/atau Peningkatan      2023 can be seen in Competency Training and/or Improvement
Kompetensi Dewan Komisaris dan Direksi dalam Laporan              for the Board of Commissioners and Board of Directors in this
Tahunan ini.                                                      Annual Report.




Komite GCG
GCG Committee


Komite GCG merupakan komite yang dibentuk dan bertanggung         GCG Committee is a committee established by and is
jawab kepada Dewan Komisaris untuk membantu tugas dan             responsible to the Board of Commissioners to assist the Board
fungsi Dewan Komisaris dalam menerapkan asas GCG pada             of Commissioners’ duties and functions in implementing GCG
setiap aspek bisnis Perseroan guna mewujudkan iklim usaha         principles in every aspect of the Company’s business to create a
yang sehat, efisien, dan transparan.                              healthy, efficient, and transparent business climate.



Pedoman Komite GCG                                                GCG Committee Charter

Komite GCG telah memiliki Pedoman Komite GCG yang telah           The GCG Committee already has the GCG Committee Charter,
diperbarui pada tanggal 1 Februari 2023.                          which was updated on February 1, 2023.



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

Pada tahun 2023, Komite GCG beranggotakan 3 orang yang            In 2023, the GCG Committee consisted of 3 members from
berasal dari anggota Dewan Komisaris, yaitu 1 orang ketua yang    the Board of Commissioners, i.e. 1 chairman serving as a
merupakan Komisaris dan 2 orang anggota yang merupakan            Commissioner and 2 members serving as Commissioners. The
Komisaris. Masa jabatan anggota Komite GCG tidak boleh            term of office of a GCG Committee member shall not be longer
lebih lama dari masa jabatan Dewan Komisaris dengan tidak         than the term of office of the Board of Commissioners without
mengurangi hak Dewan Komisaris untuk memberhentikannya            prejudice to the Board of Commissioners’ right to dismiss them
sewaktu waktu.                                                    at any time.


Berikut komposisi anggota Komite GCG Perseroan yang diangkat      The following is the composition of the Company’s GCG
berdasarkan Keputusan Dewan Komisaris tanggal 6 Juni 2023         Committee members appointed based on Board of
(2023-2028):                                                      Commissioners’ Decision dated June 6, 2023 (2023-2028):
Ketua     : Tossin Himawan                                        Chairman : Tossin Himawan
Anggota : Danny Walla                                             Member : Danny Walla
Anggota : Benny Redjo Setyono                                     Member : Benny Redjo Setyono



Profil Komite GCG                                                 Profile of GCG Committee

Profil lengkap anggota Komite GCG dapat dilihat pada bab Profil   Complete profile of the GCG Committee members can be seen
Perusahaan bagian Profil Dewan Komisaris dalam Laporan            in the Company Profile chapter, Board of Commissioners Profile
Tahunan ini.                                                      section in this Annual Report.




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Page 154
 Pernyataan Independensi Komite GCG                                 Statement of Independence of GCG
                                                                    Committee

 Aspek independensi Komite GCG terpenuhi dengan menjadikan          The independence aspect of GCG Committee is fulfilled by
 Komisaris Independen sebagai ketua Komite GCG. Selain itu,         appointing an Independent Commissioner as the chairman
 anggota Komite GCG senantiasa menjaga independensi agar            of GCG Committee. In addition, GCG Committee members
 penelaahan, pengawasan, dan rekomendasi yang diberikan             maintain their independence so that their review, monitoring, and
 bebas dari konflik kepentingan sehingga pelaksanaan tugasnya       recommendations are free of conflicts of interest and that their
 berdasarkan pada kepentingan Perseroan, bukan kepentingan          duties are implemented based on the Company’s interests, not
 kelompok tertentu.                                                 on any other party’s interests.



 Tugas dan Tanggung Jawab Komite GCG                                Duties and Responsibilities of GCG
                                                                    Committee

 Tugas dan tanggung jawab Komite GCG berdasarkan Pedoman            Duties and responsibilities of the GCG Committee based on the
 Komite GCG diuraikan sebagai berikut:                              GCG Committee Charter are described as follows:
 1. Meninjau dan mengkaji ulang secara berkala prinsip-             1. To regularly review and inspect the GCG principles and
    prinsip dan persyaratan-persyaratan GCG yang berlaku di             requirements applicable in the Company and ensure that
    Perseroan serta memastikan bahwa prinsip-prinsip dan                these principles and requirements are still relevant and
    persyaratan-persyaratan tersebut masih relevan serta                have been fully implemented in the Company; and
    telah dilaksanakan sepenuhnya di Perseroan; serta
 2. Memastikan dilakukannya penilaian atas implementasi             2. To ensure that implementation of GCG principles is
    GCG di Perseroan, baik yang dilakukan sendiri                      assessed in the Company, either by self-assessment or
    (self-assessment) ataupun yang dilakukan dengan dibantu            assistance of external consultant.
    oleh konsultan eksternal.



 Pelaksanaan Kegiatan Komite GCG                                    Implementation of GCG Committee’s
                                                                    Activities

 Sepanjang tahun 2023, Komite GCG melaksanakan berbagai             Throughout 2023, GCG Committee performed various activities
 kegiatan yang menjadi bagian dari tugas dan tanggung jawabnya      which were part of its duties and responsibilities as follows:
 sebagai berikut:
 1. Memberikan        opini/pendapat       dan     arahan   dalam   1. Provided opinions and directions regarding the compliance
     pelaksanaan prinsip GCG dan implementasi kepatuhan                and implementation of GCG principles with reference to the
     sesuai dengan ketentuan yang berlaku, khususnya dengan            applicable provisions, especially with the issuance of new
     diberlakukannya peraturan-peraturan baru;                         regulations;
 2. Memberikan        opini/pendapat       dan     arahan   dalam   2. Provided opinions and directions regarding implementation
     implementasi manajemen risiko termasuk pengelolaan                of risk management, including effective and efficient risk
     risiko yang efektif dan efisien di seluruh jajaran manajemen      management at all management levels within MPM Group;
     dalam Grup MPM; serta                                             and
 3. Memberikan        opini/pendapat       dan     arahan   dalam   3. Provided opinions and directions regarding the quality
     meningkatkan kualitas dalam kegiatan-kegiatan tanggung            improvement of the Company’s social and environmental
     jawab sosial dan lingkungan Perseroan dan kegiatan                responsibility activities and MPM Group’s sustainable
     berkelanjutan yang dilakukan oleh Grup MPM.                       activities.



 Rapat Komite GCG                                                   GCG Committee’s Meetings

 Kebijakan Rapat Komite GCG                                         GCG Committee’s Meeting Policy
 Berdasarkan Pedoman Kerja Komite GCG, Komite GCG                   Based on GCG Committee Charter, the GCG Committee is
 diwajibkan menyelenggarakan rapat minimal 1 kali dalam 4           required to hold a meeting at least once every 4 months. Such
 bulan. Rapat tersebut juga dapat dilaksanakan sewaktu-waktu        meeting shall also be held any time deemed necessary.
 apabila dianggap perlu.




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                                                                                                                                           Tata Kelola Perusahaan
                                                                                                                                       Good Corporate Governance




Tingkat Kehadiran Rapat Komite GCG                                                     Attendance Rate of GCG Committee’s Meetings
Frekuensi dan tingkat kehadiran rapat masing-masing anggota                            The frequency and attendance rate of each member of the GCG
Komite GCG serta agenda rapat di tahun 2023 diuraikan sebagai                          Committee in meetings, as well as the meeting agenda in 2023
berikut:                                                                               were outlined as follows:


                                                                                                                            Peserta Rapat
       Tanggal                                                                                                               Participants
                                                         Agenda
        Date                                                                                              Tossin                                Benny Redjo
                                                                                                                             Danny Walla
                                                                                                         Himawan                                  Setyono

 28 Maret 2023            Pembahasan terkait kepatuhan terhadap pasar modal dan GCG,
 March 28, 2023           manajemen risiko, serta tanggung jawab sosial perusahaan dan
 25 Juli 2023             keberlanjutan.
 July 25, 2023            Discussion on GCG and capital market compliance risk
 29 November 2023         management, as well as corporate social responsibility and
                          sustainability.                                                                                                             ×*
 November 29, 2023
 Total Kehadiran dalam Rapat
                                                                                                              3                    3                   2
 Total Attendance in Meetings
 Total Rapat
                                                                                                              3                    3                   3
 Total Number of Meetings
 Tingkat Kehadiran (%)
                                                                                                           100,00                100,00              66,67
 Attendance Rate (%)
 Rata-rata Kehadiran (%)
                                                                                                                                 88,89
 Average Attendance Rate (%)
* Kehadiran Benny Redjo Setyono dikuasakan kepada Danny Walla. / Benny Redjo Setyono’s presence was authorized to Danny Walla.




Pelatihan dan/atau Peningkatan                                                         Competency Training and/or Development
Kompetensi Komite GCG                                                                  for GCG Committee

Informasi pelatihan dan/atau peningkatan anggota Komite                                Information on training and/or improvement of GCG Committee
GCG di tahun 2023 dapat dilihat pada Pelatihan dan/atau                                members in 2023 can be seen in Competency Training
Peningkatan Kompetensi Dewan Komisaris dan Direksi dalam                               and/or Improvement of the Board of Commissioners and Board
Laporan Tahunan ini.                                                                   of Directors in this Annual Report.




Sekretaris Perusahaan
Corporate Secretary


Sekretaris Perusahaan memiliki tugas dan tanggung jawab                                Corporate Secretary has the duty and responsibility to maintain
untuk memelihara reputasi Perseroan dan membangun jalinan                              the Company’s reputation as well as build communication links
komunikasi serta hubungan baik dengan seluruh pihak, sebagai                           and good relations with all parties, as a liaison between the
penghubung antara Perseroan dengan Pemegang Saham serta                                Company and Shareholders, and other stakeholders.
pemangku kepentingan lainnya.




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Page 156
 Profil Sekretaris Perusahaan                                      Profile of Corporate Secretary

                                                      Dasar Hukum Pengangkatan
                                                      Basis of Appointment
                                                      Keputusan Direksi No. L.MPM/DIR-088/VIII/2023 tanggal 21 Agustus 2023.
                                                      Board of Directors’ Decision No. L.MPM/DIR-088/VIII/2023 dated August 21, 2023.


                                                      Riwayat Pendidikan dan/atau Sertifikasi
                                                      Educational Background and/or Certification
                                                      Sarjana Hukum dari Universitas Padjajaran (2005).
                                                      Bachelor of Law from Universitas Padjajaran (2005).


                                                      Riwayat Jabatan
                                                      History of Previous Position
                                                      • Senior Associate Radjiman Billitea & Partner (2005-2010);
                                                      • Senior Legal Manager & Corporate Secretary PT Mitra Pinasthika Mustika Finance
      TIMOTHY IMMANUEL HUTAPEA
                                                        (2009-2011);
      Sekretaris Perusahaan                           • Senior Manager Legal Compliance & Regulatory Perseroan (2012-2018); serta
      Corporate Secretary                             • Head of Legal Perseroan (2018-2023).
                                                      • Senior Associate Radjiman Billitea & Partner (2005-2010);
                                                      • Senior Legal Manager & Corporate Secretary of PT Mitra Pinasthika Mustika
       Kewarganegaraan                                  Finance (2009-2011);
                                                      • Senior Manager Legal Compliance & Regulatory Company (2012-2018); and
       Nationality
                                                      • Head of Legal the Company (2018-2023).
       Indonesia
       Indonesian
                                                      Rangkap Jabatan
       Usia                                           Concurrent Positions
       Age                                            Tidak memiliki rangkap jabatan.
                                                      No concurrent positions.
       41 tahun
       41 years old
                                                     Hubungan Afiliasi
       Domisili                                      Affiliate Relations
       Domicile
                                                     Tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris, anggota Direksi,
       Jakarta                                       atau dengan Pemegang Saham Utama dan Pemegang Saham Pengendali, baik
                                                     langsung maupun tidak langsung sampai kepada pemilik individu.
                                                     No affiliation with members of Board of Commissioners, members of Board of Directors,
                                                     or Major and Controlling Shareholders, either directly or directly, up to individual owner.


 Tugas dan Tanggung Jawab Sekretaris                               Duties and Responsibilities of the
 Perusahaan                                                        Corporate Secretary

 Tugas dan tanggung jawab Sekretaris Perusahaan sebagai            The duties and responsibilities of the Corporate Secretary are
 berikut:                                                          as follows:
 1. Mengikuti perkembangan pasar modal khususnya peraturan         1. To stay up to date with the development in capital market,
     perundang-undangan yang berlaku di bidang pasar modal;            particularly on the applicable laws and regulations in the
 2. Memberikan masukan kepada Dewan Komisaris dan                      capital market sector;
     Direksi serta Komite GCG dalam hal kepatuhan ketentuan        2. To provide the Board of Commissioners and Board of
     peraturan perundang-undangan di bidang pasar modal;               Directors as well as GCG Committee with suggestions
                                                                       regarding compliance with the provisions of laws and
 3. Membantu Direksi dan Dewan Komisaris dalam                         regulations in the capital market sector;
    pelaksanaan GCG; serta                                         3. To assist the Board of Commissioners and Board of
 4. Sebagai penghubung antara Perseroan dengan Pemegang                Directors in GCG implementation; and
    Saham Perseroan, Otoritas Jasa Keuangan, Bursa Efek            4. To act as a liaison between the Company and Shareholders,
    Indonesia, dan pemangku kepentingan lainnya.                       OJK, IDX, and other stakeholders.




       PT Mitra Pinasthika Mustika Tbk
154    Laporan Tahunan 2023 Annual Report
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                                                                                                                                Tata Kelola Perusahaan
                                                                                                                            Good Corporate Governance




Pelaksanaan Kegiatan Sekretaris                                                 Implementation of Corporate Secretary
Perusahaan                                                                      Activities

Sepanjang tahun 2023, Sekretaris Perusahaan melaksanakan                        Throughout 2023, Corporate Secretary performed various
berbagai kegiatan yang menjadi bagian dari tugas dan tanggung                   activities which were part of its duties and responsibilities as
jawabnya sebagai berikut:                                                       follows:
1. Menyelenggarakan dan mengadministrasikan rapat-rapat                         1. Held and administered meetings of Board of Directors,
    Direksi, Dewan Komisaris, dan Komite-Komite di bawah                             Board of Commissioners, and Committees under the Board
    Dewan Komisaris;                                                                 of Commissioners;
2. Menyelenggarakan RUPS Tahunan pada tanggal 24 Mei                            2. Held the Annual GMS on May 24, 2023, and Extraordinary
    2023 dan RUPS Luar Biasa pada tanggal 6 April 2023 dan                           GMS on April 6, 2023, and August 15, 2023;
    tanggal 15 Agustus 2023;
3. Melaksankan kewajiban pelaporan dan keterbukaan                              3. Carried out reporting obligations and information disclosure
    informasi kepada regulator dan publik, baik yang merupakan                     to regulators and public, both regular and incidental
    pelaporan regular maupun insidental;                                           reporting;
4. Memastikan tidak adanya pelanggaran terhadap peraturan                       4. Ensured that there were no violations of capital market
    pasar modal yang berlaku di Indonesia;                                         regulations applicable in Indonesia;
5. Memastikan bahwa Perseroan senantiasa menerapkan                             5. Ensuring that the Company always applies GCG principles;
    prinsip-prinsip GCG;
6. Mengoordinasikan laporan kegiatan Komite-Komite di                           6. Coordinated activity reports of Committees under the Board
    bawah Dewan Komisaris; serta                                                   of Commissioners; and
7. Menyusun jadwal rapat dan agenda rutin rapat Direksi,                        7. Prepared meeting schedules and routine agenda for the
    rapat Dewan Komisaris, rapat gabungan Dewan Komisaris                          Board of Directors’ meetings, Board of Commissioners’
    dan Direksi, serta rapat Komite-Komite di bawah Dewan                          meetings, joint meetings of Board of Commissioners and
    Komisaris untuk tahun buku 2023.                                               Board of Directors, as well as meetings of Committees
                                                                                   under the Board of Commissioners for the 2023 fiscal year.



Pelatihan dan/atau Peningkatan                                                  Competency Training and/or
Kompetensi Sekretaris Perusahaan                                                Development for Corporate Secretary

Pelatihan dan/atau peningkatan kompetensi yang diikuti oleh                     The competency training and/or improvement attended by the
Sekretaris Perusahaan di tahun 2023 diuraikan sebagai berikut:                  Internal Audit Unit in 2023 are described as follows:


                                 Pelatihan                                             Waktu                Tempat               Penyelenggara
                                 Training                                              Date                  Venue                 Organizer

                                                                                  Februari-Juni 2023                         Harvard Business
 MPM Harvard Executive Leadership Program                                                                Offline & Online
                                                                                 February - June 2023                        Publishing
                                                                                   3 Oktober 2023        Webinar Zoom        Indonesia Corporate
 Listed Companies Compliance Refreshment
                                                                                   October 3, 2023       Zoom Webinar        Secretary Association
 Sosialisasi Perdagangan Karbon melalui Bursa Karbon Indonesia (IDXCarbon)
                                                                                   5 Oktober 2023        Webinar Zoom
 Dissemination of Carbon Trading through the Indonesian Carbon Exchange                                                      PT Bursa Efek Indonesia
                                                                                   October 5, 2023       Zoom Webinar
 (IDXCarbon)
 Seminar Free Float dan Penggunaan Form E009 pada Sistem Pelaporan
 Elektronik Emiten IDXnet                                                          6 Oktober 2023        Webinar Zoom
                                                                                                                             PT Bursa Efek Indonesia
 Seminar on Free Float and Use of Form E009 in the IDXnet Issuer Electronic        October 6, 2023       Zoom Webinar
 Reporting System
                                                                                  12 Oktober 2023        Webinar Zoom        Indonesia Corporate
 The Corporate Governance Officer’s Role in Driving Digital Resilience
                                                                                  October 12, 2023       Zoom Webinar        Secretary Association
 Pendalaman Peraturan Otoritas Jasa Keuangan No. 15/POJK.04/2020
 tentang Rencana dan Penyelenggaraan Rapat Umum Pemegang Saham
 Perusahaan Terbuka                                                              23 November 2023        Webinar Zoom        Indonesia Corporate
                                                                                 November 23, 2023       Zoom Webinar        Secretary Association
 Understanding of Financial Services Authority Regulation No. 15/POJK.04/2020
 on Planning and Organizing Public Company’s General Meeting of Shareholders
 Sosialisasi Kriteria dan Penilaian ASEAN Corporate Governance Score                                                         Otoritas Jasa Keuangan
                                                                                 20 Desember 2023        Webinar Zoom
 Dissemination of Criteria and Assessment of ASEAN Corporate Governance                                                      Financial Services
                                                                                 December 20, 2023       Zoom Webinar
 Score                                                                                                                       Authority

 Hukum dan Perdagangan Karbon: Perspektif Regulasi Lingkungan dan Bisnis
                                                                                 12 Desember 2023        Webinar Zoom
 Carbon Laws and Trading: Perspectives on Environmental Regulation and                                                       Hukum Online
                                                                                 December 12, 2023       Zoom Webinar
 Business



                                                                                                            PT Mitra Pinasthika Mustika Tbk
                                                                                                        Laporan Tahunan 2023 Annual Report           155
Page 158
 Divisi Hubungan Investor
 Investor Relations Division


 Perseroan memiliki Divisi Hubungan Investor untuk memelihara        The Company has an Investor Relations Division to maintain and
 dan meningkatkan proses komunikasi 2 arah yang efektif antara       improve effective 2-way communication process between the
 Perseroan, komunitas investor dan komunitas pasar modal             Company, investor community, and capital market community
 (tingkat lokal dan internasional). Peran Divisi Hubungan Investor   (local and international levels). The Investor Relations Division
 adalah untuk memastikan bahwa investor dan komunitas pasar          plays a role to ensure that investors and capital market society can
 modal mendapatkan informasi yang baik dan akurat mengenai           obtain good and accurate information regarding performance,
 kinerja, prospek usaha dan informasi yang diperlukan untuk          business prospects, and related information they require to make
 mengambil keputusan dalam berinvestasi di Perseroan.                decisions on investing in the Company.



 Tugas dan Tanggung Jawab Divisi                                     Duties and Responsibilities of Investor
 Hubungan Investor                                                   Relations Division

 Tugas dan tanggung jawab Divisi Hubungan Investor sebagai           Duties and responsibilities of the Investor Relations Division are
 berikut:                                                            as follows:
 1. Menyusun strategi untuk mengomunikasikan berbagai                1. To develop strategies to communicate aspects related to
     aspek terkait dengan saham, kinerja, pencapaian, prospek,           shares, performance, achievement, prospects, and other
     serta informasi penting Perseroan lainnya kepada pihak-             important information regarding the Company to all concerned
     pihak yang berkepentingan, seperti analis, investor, calon          parties, such as analysts, investors, future investors, and
     investor, dan masyarakat pasar modal;                               capital market society;
 2. Menyiapkan materi untuk analyst meeting dan conference           2. To prepare material for analyst meeting and conference
     call;                                                               call;
 3. Mengelola hubungan dengan Pemegang Saham, para                   3. To maintain relations with Shareholders, analysts, and
     analis, dan manajer investasi;                                      investment managers;
 4. Memantau dan melaporkan kepada Direksi hasil evaluasi            4. To monitor and regularly report the evaluation results
     para analis terhadap kinerja dan harga saham Perseroan              from analysts to the Board of Directors on the Company’s
     secara berkala; serta                                               performance and share price; and
 5. Menyediakan data dan informasi Perseroan yang                    5. To prepare the Company’s data and information to be
     dapat disampaikan kepada investor dan pemangku                      disclosed to investors and other stakeholders.
     kepentingan lainnya.



 Pelaksanaan Kegiatan                                                Investor Relations’ Activities

 Sepanjang tahun 2023, Divisi Hubungan Investor melaksanakan         Throughout 2023, the Investor Relations Division conducted
 berbagai kegiatan yang menjadi bagian dari tugas dan tanggung       various activities which were part of its duties and responsibilities
 jawabnya sebagai berikut:                                           as follows:
 1. Melakukan analisa daftar Pemegang Saham Perseroan                1. Analyzed the Company’s Shareholders register periodically;
     secara berkala;
 2. Menyelenggarakan paparan publik tahunan pada tanggal             2. Organized annual public expose on May 24, 2023;
     24 Mei 2023;
 3. Mengadakan pertemuan dengan analis, komunitas pasar              3. Held meetings with analysts, capital market community,
     modal, investor, dan calon investor; serta                         investors, and future investors; and
 4. Merilis laporan dan informasi terkini mengenai kondisi           4. Published latest report and information regarding the
     dan kinerja Perseroan setiap triwulan serta informasi              Company’s condition and performance every quarter and
     pendukungnya melalui situs web Perseroan.                          other supporting information in the Company’s website.




        PT Mitra Pinasthika Mustika Tbk
156     Laporan Tahunan 2023 Annual Report
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                                                                                                                             Tata Kelola Perusahaan
                                                                                                                      Good Corporate Governance




Unit Audit Internal
Internal Audit Unit


Unit Audit Internal merupakan bagian dari organisasi                     Internal Audit Unit is a part of the company organization that has
perusahaan yang memiliki peranan penting dalam                           an important role in the company development, that is in charge
perkembangan perusahaan, yaitu bertugas dan bertanggung                  of and responsible for providing professional and independent
jawab untuk memberikan pendapat profesional dan independen,              opinions, including recommendations for improvements to
termasuk rekomendasi perbaikan kepada Direktur Utama serta               the President Director and management regarding Company
manajemen terkait kegiatan atau operasional perusahaan. Hal              activities or operations. This is implemented by conducting
ini diimplementasikan dengan melakukan audit untuk menilai               audit to assess the internal control system’s adequacy and
kecukupan dan efektivitas sistem pengendalian internal guna              effectiveness to improve and strengthen the scope of the
meningkatkan dan memperkuat lingkup pengendalian internal                Company’s internal control.
perusahaan.




Struktur dan Kedudukan Unit Audit                                        Structure and Position of Internal Audit
Internal                                                                 Unit

Berdasarkan Pedoman Unit Audit Internal, Unit Audit Internal             Based on the Internal Audit Unit Charter, the Internal Audit Unit
dipimpin oleh seorang Kepala Unit Audit Internal yang diangkat           is chaired by the Head of Internal Audit Unit who is appointed
dan diberhentikan oleh Direktur Utama atas persetujuan Dewan             and dismissed by the President Director upon approval of the
Komisaris. Penghentian Kepala Unit Audit Internal dilakukan apabila      Board of Commissioners. The Head of Internal Audit Unit may
Kepala Unit Audit Internal tidak memenuhi persyaratan sebagai            be dismissed if the Head of Internal Audit Unit fails to meet the
Auditor di Unit Audit Internal sebagaimana diatur dalam Pedoman          requirements as Auditor in the Internal Audit Unit as specified
Audit Internal dan/atau gagal atau tidak cakap menjalankan               in the Internal Audit Charter and/or is incapable of performing
tugas. Dalam menjalankan tugasnya, Kepala Unit Audit Internal            his/her duties. In performing duties, the Head of Internal Audit
bertanggung jawab kepada Direktur Utama sedangkan auditor                Unit is responsible to the President Director while the auditors
yang duduk dalam Unit Audit Internal bertanggung jawab secara            positioned in the Internal Audit Unit are directly responsible to the
langsung kepada Kepala Unit Audit Internal.                              Head of Internal Audit Unit.


Struktur Unit Audit Internal per 31 Desember 2023 ditunjukkan            The structure of Internal Audit Unit as of December 31, 2023 is
sebagai berikut:                                                         shown as follows:




                                                              Direktur Utama                                 Komite Audit
                                                             President Director                             Audit Committe




                                                               Ivan Santoso
                                                             Kepala Unit Audit
                                                                  Internal
                                                           Head of Internal Audit




                                                                                   Distribusi Ritel dan
       Kantor Pusat MPM                        Lainnya                                  Aftermarket                       Transportasi
       MPM Head Office                         Others                             Distribution Retail and                Transportation
                                                                                        Aftermarket




                                                                                                          PT Mitra Pinasthika Mustika Tbk
                                                                                                      Laporan Tahunan 2023 Annual Report        157
Page 160
 Profil Kepala Unit Audit Internal                        Profile of Internal Audit Unit Head
                                            Dasar Hukum Pengangkatan
                                            Basis of Appointment
                                            Keputusan Direksi No. LMPM.DIR.079/IX/2022 tanggal 26 September 2022
                                            (2022-sekarang).
                                            Board of Directors’ Decision No. LMPM.DIR.079/IX/2022 dated September 26, 2022
                                            (2022-present).


                                            Riwayat Pendidikan dan/atau Sertifikasi
                                            Educational Background and/or Certification
                                            Sarjana Komputer dari Universitas Tarumanagara (2007).
                                            Bachelor of Computer Science from Tarumanagara University (2007).

                                            Riwayat Jabatan
                                            History of Previous Position
      IVAN SANTOSO                          • IT Technical Trainer ExecuTrain of Jakarta (2007);
      Kepala Unit Audit Internal            • Risk Advisory Services Associate Kantor Akuntan Publik Siddharta Widjaja & Rekan
      Head of Internal Audit Unit             (anggota dari KPMG International) (2007-2008);
                                            • IT Infrastructure & IT Audit Officer Moore Stephens (2008-2009);
                                            • Senior Assosiate Risk & Control Solutions PwC Indonesia (2009-2012);
                                            • Information System Security Manager PT Tirta Investama (2012);
      Kewarganegaraan                       • Assistant Manager IT Risk & Assurance Ernst & Young Indonesia (2012-2015);
                                            • Risk Management & Compliance Lead PT Multi Adiprakarsa Manunggal
      Nationality                             (2015-2017); serta
      Indonesia                             • Senior Manager Corporate Internal Audit Perseroan (2017-2022).
      Indonesian                            • IT Technical Trainer at ExecuTrain of Jakarta (2007);
                                            • Risk Advisory Services Associate at Public Accounting Firm Siddharta Widjaja &
      Usia                                    Rekan (member of KPMG International) (2007-2008);
      Age                                   • IT Infrastructure & IT Audit Officer at Moore Stephens (2008-2009);
                                            • Senior Associate Risk & Control Solutions at PwC Indonesia (2009-2012);
      38 tahun                              • Information System Security Manager at PT Tirta Investama (2012);
      38 years old                          • Assistant Manager IT Risk & Assurance at Ernst & Young Indonesia (2012-2015);
                                            • Risk Management & Compliance Lead at PT Multi Adiprakarsa Manunggal
                                              (2015-2017); and
      Domisili
                                            • Senior Manager Corporate Internal Audit of the Company (2017-2022).
      Domicile
      Jakarta                               Rangkap Jabatan
                                            Concurrent Positions
                                            Beliau tidak memiliki rangkap jabatan di dalam Grup MPM per 31 Desember 2023.
                                            No concurrent positions in MPM Group as of December 31, 2023.


                                            Hubungan Afiliasi
                                            Affiliate Relations
                                            Tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris, anggota Direksi,
                                            atau dengan Pemegang Saham Utama dan Pemegang Saham Pengendali, baik
                                            langsung maupun tidak langsung sampai kepada pemilik individu.
                                            No affiliation with members of Board of Commissioners, members of Board of Directors,
                                            or Major and Controlling Shareholders, either directly or directly, up to individual owner.

                                            Sertifikasi sebagai Profesi Audit Internal
                                            Professional Certification as an Internal Audit

                                            • Certified Information System Auditor dari Information Systems Audit and Control
                                              Association (2012);
                                            • Certified in the Governance of Enterprise Information Technology dari Information
                                              Systems Audit and Control Association (2019); serta
                                            • Certified Data Privacy Solutions Engineer dari Information Systems Audit and Control
                                              Association (2020).
                                            • Certified Information System Auditor from the Information Systems Audit and
                                              Control Association (2012);
                                            • Certified in the Governance of Enterprise Information Technology from the
                                              Information Systems Audit and Control Association (2019); and
                                            • Certified Data Privacy Solutions Engineer from the Information Systems Audit and
                                              Control Association (2020).




       PT Mitra Pinasthika Mustika Tbk
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                                                                                                                          Tata Kelola Perusahaan
                                                                                                                      Good Corporate Governance




Jumlah dan Kualifikasi Unit Audit Internal                                  Number and Qualifications of Internal
                                                                            Audit Unit

Per 31 Desember 2023, jumlah karyawan yang tergabung dalam                  As of December 31, 2023, the number of employees in the
Unit Audit Internal adalah 7 orang. Seluruh karyawan yang                   Internal Audit Unit is 7 people. All members of the Internal Audit
tergabung dalam Unit Audit Internal telah memiliki sertifikasi              Unit have internal audit professional certification in internal audit,
profesi audit internal yang ditunjukkan sebagai berikut:                    with details as follows:


                                                      Sertifikasi                                                             Jumlah
                                                     Certification                                                             Total

 Certified Information Systems Auditor (CISA)                                                                                    2
 Certified in the Governance of Enterprise Information Technology (CGEIT)                                                        1
 Certified Data Privacy Solutions Engineer (CDPSE)                                                                               2
 Certified Fraud Investigator Professional (CFIP)                                                                                3
 Certified Internal Audit Profesional (CIAP)                                                                                     3
 Certified Fraud Prevention Manager (CFPM)                                                                                       3
 Financial Statement Analysis Certified Professional (FSACP)                                                                     1




Tugas dan Tanggung Jawab Unit Audit                                         Duties and Responsibilities of Internal
Internal                                                                    Audit Unit

Tugas dan tanggung jawab Unit Audit Internal berdasarkan                    Duties and responsibilities of Internal Audit Unit based on the
Pedoman Unit Audit Internal sebagai berikut:                                Internal Audit Unit Charter are as follows:
1. Menyusun dan melaksanakan rencana kerja audit internal                   1. To develop and implement the annual work plan of internal
   tahunan;                                                                     audit;
2. Menguji dan mengevaluasi pelaksanaan pengendalian                        2. To verify and evaluate the implementation of internal
   internal Perseroan;                                                          control in the Company;
3. Memeriksa dan menilai efisiensi serta efektivitas di bidang              3. To audit and assess the efficiency and effectiveness of
   keuangan, akuntansi, operasional, sumber daya manusia,                       finance, accounting, operations, HR, marketing, information
   pemasaran, teknologi informasi, dan kegiatan lainnya;                        technology, and other activities;
4. Memberikan saran perbaikan dan informasi yang objektif                   4. To provide suggestions for improvements and objective
   tentang kegiatan yang diperiksa pada semua tingkat                           information regarding the audited activities at all
   manajemen;                                                                   management levels;
5. Membuat laporan hasil audit untuk selanjutnya disampaikan                5. To prepare audit reports to be submitted to the Board of
   kepada Dewan Komisaris dan Direktur Utama;                                   Commissioners and the President Director;
6. Memantau, menganalisis, dan melaporkan pelaksanaan                       6. To monitor, analyze, and report the implementation of the
   tindak lanjut perbaikan yang disarankan dalam Laporan                        follow-up improvements as recommended in the Audit
   Audit;                                                                       Report;
7. Melakukan kerja sama dengan Komite Audit;                                7. To liaise with the Audit Committee;
8. Menyusun program untuk mengevaluasi mutu kegiatan                        8. To develop a program for evaluating the quality of the
   Unit Audit Internal yang dilakukan; serta                                    Internal Audit Unit’s activities; and
9. Melakukan pemeriksaan khusus apabila diperlukan.                         9. To conduct special audit if necessary.



Pedoman Unit Audit Internal                                                 Internal Audit Unit Charter

Unit Audit Internal telah memiliki Piagam Unit Audit Internal               The Internal Audit Unit has had the Internal Audit Unit Charter,
yang telah diperbarui pada tanggal 1 September 2022. Piagam                 which was renewed on September 1, 2022. The charter is
tersebut selalu ditinjau dan diperbarui secara berkala apabila              always reviewed and updated periodically if deemed necessary.
dianggap perlu. Piagam Unit Audit Internal juga telah diunggah              The Internal Audit Unit Charter has also been uploaded on the
di situs web Perseroan.                                                     Company’s website.




                                                                                                        PT Mitra Pinasthika Mustika Tbk
                                                                                                    Laporan Tahunan 2023 Annual Report        159
Page 162
 Pelaksanaan Kegiatan Unit Audit Internal                           Implementation of Internal Audit Unit’s
                                                                    Activities

 Sepanjang tahun 2023, Unit Audit Internal telah menjalankan        Throughout 2023, the Internal Audit Unit performed its duties and
 tugas dan tanggung jawabnya sebagaimana ditetapkan dalam           responsibilities as stipulated in the Internal Audit Guidelines as
 Piagam Unit Audit Internal sebagai berikut:                        follows:
 1. Menyelesaikan 24 penugasan yang terdiri dari 7 audit            1. Completed 24 audits consisting of 7 operational audits,
     operasional, 4 audit teknologi informasi, 7 konsultasi,             4 information technology audits, 7 consultations,
     2 Continuous Audit and Continuous Monitoring (CACM), dan            2 Continuous Audit and Continuous Monitoring (CACM),
     4 audit khusus. Penugasan audit ini meliputi seluruh Entitas        and 4 special audits. These audits covered all Subsidiaries
     Anak dan cabang-cabangnya yang berada di seluruh Indonesia;         and their branches throughout Indonesia;
 2. Meninjau proses bisnis yang sedang berjalan untuk               2. Reviewed ongoing business processes to ensure the
     memastikan efektivitas sistem pengendalian internal dan             effectiveness of internal control system and to control risks;
     risiko dapat dikendalikan;
 3. Menyampaikan hasil audit internal berupa saran perbaikan        3. Submitted internal audit results in the form of suggestions
     kepada manajemen dan Komite Audit secara berkala                  for improvement to the management and Audit Committee
     serta pemantauan berkala atas tindakan perbaikan yang             on a regular basis and monitored the management’s
     dilaksanakan oleh manajemen;                                      implementation continuously;
 4. Melaksanakan audit dengan pendekatan berbasis risiko            4. Performed audits with a top risk-based audit approach,
     teratas (risk-based audit), penilaian risiko independen oleh      independent risk assessment by Internal Audit Unit, and
     Unit Audit Internal, serta terus mengembangkan skenario           continued the development of CACM scenarios;
     CACM;
 5. Melaksanakan audit internal sesuai standar ISO 27001:2022       5. Carried out internal audit with reference to ISO 27001:2022
     sebagai prasyarat sertifikasi ISO 27001:2022; serta               standard as a prerequisite for ISO 27001:2022 certification;
                                                                       and
 6. Melaksanakan kegiatan tahunan Internal Audit Day dengan         6. Organized annual Internal Audit Day with the topic
    topik “Fraud Prevention and Detection: A Continuous                “Fraud Prevention and Detection: A Continuous Challenge”,
    Challenge” yang diikuti oleh seluruh personel Unit Audit           which was attended by all personnel of Internal Audit Unit of
    Internal Perseroan dan Entitas Anak.                               the Company and its Subsidiaries.



 Rapat Unit Audit Internal                                          Internal Audit Unit’s Meeting

 Kebijakan Rapat Unit Audit Internal                                Internal Audit Unit’s Meeting Policy
 Unit Audit Internal berkewajiban untuk menyelenggarakan rapat      The Internal Audit Unit is required to hold regular meeting with
 bersama Komite Audit secara berkala setidaknya 3 kali dalam        Audit Committee at least 3 times a year and to hold meeting with
 1 tahun, rapat bersama Direktur Utama minimal 2 kali dalam         the President Director at least 2 times a year. In the meetings, the
 1 tahun. Dalam rapat tersebut, Unit Audit Internal menyampaikan    Internal Audit Unit shall submit Report of Audit Results.
 Laporan Hasil Audit.


 Tingkat Kehadiran Rapat Unit Audit Internal                        Meeting Attendance Rate of Internal Audit Unit
 Selama tahun 2023, Unit Audit Internal telah melaksanakan rapat    Throughout 2023, the Internal Audit Unit held 4 meetings of
 Dewan Komisaris, Direksi, dan/atau Komite Audit sebanyak           the Board of Commissioners, Board of Directors, and/or Audit
 4 kali.                                                            Committee with the main agenda related to 4 times.



 Temuan dan Tindak Lanjut Hasil Audit                               Audit Findings and Follow-ups

 Pelaksanaan penugasan audit internal di sepanjang tahun 2023       Internal audits that were conducted throughout 2023 resulted
 menghasilkan beberapa temuan yang bersifat peningkatan             in several findings on improvement and/or corrective actions
 dan/atau perbaikan terkait administratif, prosedur, dan            regarding administration, procedures, and internal control.
 pengendalian internal. Namun, tidak terdapat temuan yang           However, there was no finding on violation of regulations nor
 bersifat pelanggaran peraturan dan ketentuan yang menimbulkan      provision that caused material loss.
 kerugian yang bersifat material.




        PT Mitra Pinasthika Mustika Tbk
160     Laporan Tahunan 2023 Annual Report
Page 163
                                                                                                                                 Tata Kelola Perusahaan
                                                                                                                            Good Corporate Governance




Fokus Audit 2024                                                                  2024 Audit Focus

Rencana audit tahun 2024 tetap berfokus pada area dan proses                      The audit plan for 2024 continues to focus on high-risk areas
bisnis yang berisiko tinggi berdasarkan hasil penilaian oleh pemilik              and business processes based on the assessment results by
risiko (risk owner) serta hasil penilaian risiko independen oleh                  risk owners, as well as the independent risk assessment results
Unit Audit Internal. Peningkatan dan implementasi Continuous                      by the Internal Audit Unit. Improvement and implementation of
Auditing and Continuous Monitoring (CACM) baru, audit internal                    new Continuous Auditing and Continuous Monitoring (CACM),
ISO 27001:2022, kegiatan konsultasi, pencegahan dan deteksi                       ISO 27001:2022 internal audit, consultations, fraud prevention
fraud, serta evaluasi mandiri kesesuaian pelaksanaan kegiatan                     and detection, as well as self-evaluation of the conformity of the
audit internal dengan standar.                                                    implementation of internal audit activity with its standard.



Pelatihan dan/atau Peningkatan                                                    Competency Training and/or Development
Kompetensi Unit Audit Internal                                                    for Internal Audit Unit

Pelatihan dan/atau peningkatan kompetensi yang diikuti oleh                       The competency training and/or improvement attended by the
Unit Audit Internal di tahun 2023 diuraikan sebagai berikut:                      Internal Audit Unit in 2023 are described as follows:


                        Pelatihan                                  Waktu                 Tempat                       Penyelenggara
                        Training                                   Date                   Venue                         Organizer
 Penerapan PSAK 74 pada Perusahaan Asuransi Jiwa              12 Januari 2023                        Ikatan Akuntan Indonesia
                                                                                          Online
 Application of PSAK 74 to Life Insurance Companies           January 12, 2023                       Institute of Indonesia Chartered Accountants
                                                              21 Januari 2023
 Audit Forensics and Investigation                                                        Online     Ruang Seminar
                                                              January 21, 2023
 Reforming Indonesia’s Personal Data Protection               25 Januari 2023
                                                                                         Jakarta     Deloitte
 Landscape                                                    January 25, 2023
                                                              28 Januari 2023
 Certified Internal Audit Professional                                                    Online     Revolution Mind Indonesia
                                                              January 28, 2023
                                                              21 Februari 2023
 GRC Benchmarking ke PT MRT Jakarta (Perseroda)                                          Jakarta     PT MRT Jakarta
                                                              February 21, 2023
                                                              24 Februari 2023                       Information Systems Audit and Control
 Monthly Talk and Sharing                                                                 Online
                                                              February 24, 2023                      Association
                                                                                                     Perseroan (Pembicara Eksternal Bapak Andhika
                                                               6-7 Maret 2023
 In-house Training ISO 27001:2022                                                       Perseroan    A. Aryoko)
                                                               March 6-7, 2023
                                                                                                     Company (External Speaker Mr. Andhika A. Aryoko)
                                                                                                     Perseroan (Pembicara Eksternal Bapak Andhika
                                                              13-14 Maret 2023
 In-house Workshop ISO 27001:2022                                                       Perseroan    A. Aryoko)
                                                              March 13-14, 2023
                                                                                                     Company (External Speaker Mr. Andhika A. Aryoko
                                                                5-6 April 2023                       Yayasan Pendidikan Internal Audit
 Fraud Risk Management Program                                                            Online
                                                                April 5-6, 2023                      Internal Audit Education Foundation
                                                                5-6 April 2023                       Yayasan Pendidikan Internal Audit
 Quality Assurance of Internal Audit Function                                             Online
                                                                April 5-6, 2023                      Internal Audit Education Foundation
 Psikologi dan Komunikasi dalam Audit                         11-12 April 2023
                                                                                          Online     Yayasan Pendidikan Internal Audit
 Psychology and Communication in Auditing                     April 11-12, 2023
 Workshop Keamanan Siber - Pelindungan Data Pribadi             12 April 2023                        Inspektorat Jenderal Kementerian Keuangan
                                                                                          Online
 Cyber Security Workshop - Personal Data Protection             April 12, 2023                       Internal Audit Education Foundation
                                                                12 April 2023
 Data Protection Act - Compliance with New Regulation                                     Online     Horangi
                                                                April 12, 2023
 Ngobrol Anti Fraud “Developing an Integrated Anti Fraud,
 Compliance and Ethic Programs”                                 24 Juni 2023
                                                                                          Online     Association of Certified Fraud Examiners
 Talk about Anti Fraud “Developing an Integrated Anti           April 12, 2023
 Fraud, Compliance and Ethic Programs”
                                                               6-14 Juli 2023                        Indonesia Risk Management Professional
 Financial Statement Fraud Risk Analysis and Prevention                                   Online
                                                               July 6-14, 2023                       Association
                                                              2-3 Agustus 2023
 Critical Thinking a Vital Auditing Competencies                                          Online     The Institute of Internal Auditors Indonesia
                                                              August 2-3, 2023
                                                             30-31 Agustus 2023
 IIA National Conference 2023                                                             Batam      The Institute of Internal Auditors Indonesia
                                                             August 30-31, 2023
                                                            13-14 September 2023
 National Anti Fraud Conference 2023                                                    Surabaya     Association of Certified Fraud Examiners
                                                            September 13-14, 2023
 Internal Audit ISO 22301:2019 Business Continuity            12 Oktober 2023
                                                                                        Tangerang    Arrowhead Consulting
 Management System                                            October 12, 2023
 PSAK 74 Kontrak Asuransi                                    26-27 Oktober 2023                      Ikatan Akuntan Indonesia
                                                                                         Jakarta
 PSAK 74 Insurance Contracts                                 October 26-27, 2023                     Institute of Indonesia Chartered Accountants
                                                            20-21 November 2023
 Continuous Audit and Data Analytic                                                       Online     The Institute of Internal Auditors Indonesia
                                                            November 20-21, 2023


                                                                                                             PT Mitra Pinasthika Mustika Tbk
                                                                                                         Laporan Tahunan 2023 Annual Report         161
Page 164
 Sistem Pengendalian Internal
 Internal Control System


 Komitmen Perseroan dalam meningkatkan kualitas penerapan          The Company’s commitment to continuously improving the
 GCG secara berkelanjutan salah satunya diwujudkan dengan          quality of GCG implementation is realized by establishing an
 membentuk sistem pengendalian internal. Sistem pengendalian       internal control system. The internal control system is formed to
 internal disusun agar dapat memberikan keyakinan kepada           provide confidence to stakeholders that operations run effectively
 pemangku kepentingan bahwa pelaksanaan operasional berjalan       and efficiently, Financial Statements are accurate and reliable,
 secara efektif dan efisien, Laporan Keuangan yang akurat dan      and the Company complies with the applicable regulations.
 dapat diandalkan, serta kepatuhan terhadap peraturan yang         The following is the internal control system implemented in the
 berlaku. Berikut implementasi sistem pengendalian internal        Company:
 yang diterapkan di Perseroan:
 1. Pengendalian Keuangan                                          1. Finance Control
     Sistem pengendalian keuangan Perseroan diterapkan                The Company’s financial control system is implemented
     dengan menyediakan informasi keuangan sesuai dengan              by providing financial information in accordance with the
     standar akuntansi yang berlaku. Guna memenuhi tujuan             applicable accounting standards. To meet such objectives,
     tersebut, seluruh penilaian Laporan Keuangan yang relevan        all relevant Financial Statements assessments on all
     yang terkait dengan semua akun dan pengungkapan                  significant accounts and disclosures shall be handled.
     penting perlu ditangani.


 2. Pengendalian Operasional                                       2. Operational Control
    Penerapan pengendalian internal yang berkaitan dengan             The implementation of internal controls related to
    tujuan operasional membantu manajemen untuk memahami              operational objectives helps the management understand
    sejauh mana tujuan operasional Perseroan tercapai. Dalam          the extent to which the Company’s operational objectives
    praktiknya, pengendalian operasional dilakukan dengan             have been achieved. In practice, operational control is
    menerapkan kebijakan dan prosedur yang membantu                   conducted by applying policies and procedures that help
    pencapaian tujuan operasional dan secara wajar memastikan         achieve operational objectives and reasonably ensure
    kepatuhan terhadap undang-undang dan peraturan yang               compliance with the applicable laws and regulations.
    berlaku. Tujuan operasional dan kepatuhan juga relevan untuk      Operational and compliance objectives are also relevant
    pencapaian sasaran pelaporan keuangan. Oleh karenanya,            to achieving financial reporting goals. Therefore, in
    dalam menetapkan dan mengevaluasi pengendalian internal           establishing and evaluating internal control over financial
    atas pelaporan dan pengungkapan keuangan, semua proses            reporting and disclosure, all processes beyond financial
    di luar pelaporan keuangan juga harus dipertimbangkan.            reporting must also be considered.


 3. Pengendalian Kepatuhan                                         3. Compliance Control
    Perseroan terus berupaya mematuhi hukum, peraturan,               The Company strives to comply with laws, regulations, and
    serta rekomendasi dari regulator agar kegiatan usaha              recommendations from regulators so that the Company’s
    Perseroan dapat berjalan dengan baik dan sesuai dengan            business activities can run properly and in accordance with
    peraturan perundang-undangan yang berlaku.                        the applicable laws and regulations.



 Kesesuaian Sistem Pengendalian                                    Conformity of Internal Control System
 Internal dengan Committee of Sponsoring                           with the Committee of Sponsoring
 Organization of the Treadway Commission                           Organization of the Treadway
                                                                   Commission

 Perseroan memiliki sistem pengendalian internal yang mengacu      The Company has an internal control system that refers to the
 kepada kerangka kerja yang diakui secara internasional,           internationally recognized framework, namely the Committee of
 yakni Committee of Sponsoring Organization of the Treadway        Sponsoring Organization of the Treadway Commission (COSO)
 Commission (COSO) dengan memperhatikan 5 komponen yang            by paying attention to 5 components described as follows:
 diuraikan sebagai berikut:
 1. Lingkungan Pengendalian                                        1. Control Environment
     Perseroan berusaha selalu menciptakan dan menjaga                The Company strives to constantly create and maintain safe
     lingkungan kerja yang aman dengan diterapkannya                  work environment by implementing the Code of Conduct
     Pedoman Perilaku dan Budaya Perusahaan.                          and Company Culture.



        PT Mitra Pinasthika Mustika Tbk
162     Laporan Tahunan 2023 Annual Report
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                                                                                                                Tata Kelola Perusahaan
                                                                                                            Good Corporate Governance




2. Penilaian Risiko                                                2. Risk Assessment
   Penilaian risiko dilaksanakan dengan diterapkannya                 Risks are assessed by implementing risk management
   sistem manajemen risiko di Perseroan untuk meminimalisir           system in the Company to minimize the impact of risks related
   dampak dari risiko yang berkaitan dengan kegiatan                  to operational activities. This risk management system also
   operasional. Sistem manajemen risiko ini juga melibatkan           involves many parties in identifying, analyzing, and assessing
   banyak pihak dalam mengidentifikasi, menganalisis, dan             relevant risk management, both internal and external to
   menilai pengelolaan risiko yang relevan, baik internal             the Company.
   maupun eksternal Perseroan.
3. Kegiatan Pengendalian                                           3. Control Activities
   Pengendalian dilaksanakan di setiap tingkatan serta seluruh        Control is conducted at every level and throughout all units
   unit struktur organisasi Perseroan. Hal tersebut diterapkan        of the Company’s organizational structure. Such matter is
   dengan mengatur kewenangan, otoritas, penilaian kerja,             applied by regulating power, authority, work assessment,
   pembagian tugas yang jelas dan pengamanan terhadap                 clear distribution of duties, and safeguarding the Company’s
   aset Perseroan.                                                    assets.
4. Informasi dan Komunikasi                                        4. Information and Communication
   Perseroan menyusun laporan yang berhubungan dengan                 The Company prepares reports relating to operational,
   kegiatan operasional, keuangan, serta pemenuhan atas               financial activities, and compliance with the applicable laws
   kepatuhan perundang-undangan yang berlaku secara tepat             in a timely, accurate, clear, and objective manner.
   waktu, akurat, jelas, dan objektif.
5. Pengawasan                                                      5. Monitoring
   Pengawasan dilakukan secara berkala, salah satunya                 Monitoring is carried out periodically, one of which is
   memantau terhadap pelaksanaan fungsi audit pada                    monitoring the audit function implementation in each unit
   setiap unit untuk mengembangkan dan meningkatkan                   to develop and improve the internal control in the future.
   pengendalian internal ke depannya.


Selain itu, Perseroan juga telah menerapkan konsep 3 lini          In addition, the Company has applied the concept of 3 lines
pertahanan, yang terdiri dari:                                     of defense:
1. Lini Pertama                                                    1. First Line
    Manajemen operasional bertanggung jawab atas sistem                Operational management is responsible for the company ‘s
    pengendalian internal dan risiko perusahaan.                       risk and internal control system.
2. Lini Kedua                                                      2. Second Line
    Fungsi dari manajemen risiko, pengendalian, kepatuhan,             Function of risk management, control, compliance, quality
    kualitas kesehatan keselamatan dan lingkungan, serta               of Occupational Health, Safety, and Environment (OHSE),
    keamanan yang secara rutin mengevaluasi sistem                     and security which routinely evaluates the Company’s risk
    pengendalian internal dan risiko Perseroan.                        and internal control system.
3. Lini Ketiga                                                     3. Third Line
    Fungsi Unit Audit Internal yang melakukan audit terhadap           Function of the Internal Audit Unit, which audits the first line
    lini pertama dan lini kedua.                                       and second line.




Tinjauan atas Efektivitas Sistem                                   Review of the Effectiveness of the Internal
Pengendalian Internal                                              Control System

Perseroan telah melakukan evaluasi atas efektivitas sistem         The Company evaluated the internal control system effectiveness
pengendalian internal di tahun 2023 melalui kegiatan Unit          in 2023 through Internal Audit Unit’s activities related to risk
Audit Internal terkait dengan pengelolaan risiko. Perbaikan atas   management. Improvements to the internal control system
sistem pengendalian internal dilakukan secara berkelanjutan dan    are continuously carried out and monitored to ensure the
diawasi pelaksanaannya guna memastikan tercapainya tujuan          achievement of these internal control objectives. In 2023, the
sistem pengendalian internal tersebut. Pada tahun 2023, skor       evaluation score for the Company’s internal control system
hasil evaluasi sistem pengendalian internal Perseroan berada       was in the range of 75%-94%. In conclusion, the internal control
pada rentang 75%-94%, dengan kesimpulan bahwa sistem               system has been effective.
pengendalian internal telah efektif.




                                                                                               PT Mitra Pinasthika Mustika Tbk
                                                                                           Laporan Tahunan 2023 Annual Report       163
Page 166
 Pernyataan Dewan Komisaris dan Direksi                                    Statement of the Board of Commissioners
 atas Kecukupan Sistem Pengendalian                                        and Board of Directors regarding the
 Internal                                                                  Adequacy of the Internal Control System

 Berdasarkan evaluasi pelaksanaan sistem pengendalian internal             Based on the internal control system evaluation, throughout 2023,
 yang dilakukan, sepanjang tahun 2023, Dewan Komisaris dan                 the Board of Commissioners and Board of Directors considered
 Direksi menilai sistem pengendalian internal Perseroan telah              that the Company’s internal control system run effectively, and
 berjalan dengan efektif, sehingga aktivitas bisnis dapat dijalankan       therefore, business activities could be carried out in accordance
 sesuai dengan peraturan dan perundang-undangan yang berlaku.              with the applicable laws and regulations.




 Auditor Eksternal
 External Auditor


 Berdasarkan Surat Keputusan Dewan Komisaris pada tanggal                  With reference to the Board of Commissioners’ Decision on
 28 Juli 2023, Dewan Komisaris menyetujui penunjukan Kantor                July 28, 2023, the Board of Commissioners approved the
 Akuntan Publik Siddharta Widjaja & Rekan (anggota dari KPMG               appointment of Public Accounting Firm Siddharta Widjaja &
 International) dan Akuntan Publik Novie untuk melakukan audit             Rekan (member of KPMG International) and Public Accountant
 Laporan Keuangan Konsolidasian Perseroan untuk tahun buku                 Novie to audit the Company’s Consolidated Financial
 yang berakhir pada tanggal 31 Desember 2023.                              Statements for the fiscal year ending on December 31, 2023.

 Kantor akuntan publik yang ditunjuk tersebut tidak memberikan             The appointed public accounting firm did not provide services
 jasa lain selain audit atas Laporan Keuangan Perseroan.                   other than auditing the Company’s Financial Statements.
 Total biaya yang diberikan kepada kantor akuntan publik                   The total fees given to public accounting firm in 2023 for
 selama tahun 2023 untuk audit Laporan Keuangan Perseroan                  auditing the Company’s and Subsidiaries’ Financial Statements
 dan Entitas Anak sebesar Rp4.020.000.000,.                                were Rp4,020,000,000.

 Informasi mengenai nama kantor akuntan publik dan akuntan                 Information regarding the names of public accounting firm and
 publik yang melakukan audit Laporan Keuangan Tahunan                      public accountant who audited the Company’s Annual Financial
 Perseroan selama 5 tahun terakhir, sebagai berikut:                       Statements in the past 5 years is as follows:


        Tahun                                        Kantor Akuntan Publik                                         Nama Akuntan
         Year                                        Public Accounting Firm                                      Name of Accountant

                       Siddharta Widjaja & Rekan (anggota dari KPMG International)
         2023                                                                                               Novie, SE, CPA
                       Siddharta Widjaja & Rekan (member of KPMG International)
                       Siddharta Widjaja & Rekan (anggota dari KPMG International)
         2022                                                                                               Harry Widjaja, SE, CPA
                       Siddharta Widjaja & Rekan (member of KPMG International)
                       Siddharta Widjaja & Rekan (anggota dari KPMG International)
         2021                                                                                               Novie, SE, CPA
                       Siddharta Widjaja & Rekan (member of KPMG International)
                       Siddharta Widjaja & Rekan (anggota dari KPMG International)
         2020                                                                                               Dra. Tohana Widjaja, MBA, CPA
                       Siddharta Widjaja & Rekan (member of KPMG International)
                       Siddharta Widjaja & Rekan (anggota dari KPMG International)
         2019                                                                                               Dra. Tohana Widjaja, MBA, CPA
                       Siddharta Widjaja & Rekan (member of KPMG International)




        PT Mitra Pinasthika Mustika Tbk
164     Laporan Tahunan 2023 Annual Report
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                                                                                                           Tata Kelola Perusahaan
                                                                                                       Good Corporate Governance




Tim Manajemen Risiko
Risk Management Team


Tim Manajemen Risiko dibentuk untuk memastikan proses            Risk Management Team was established to ensure that the risk
koordinasi manajemen risiko di Perseroan dapat berjalan dengan   management coordination process in the Company run well and
baik dan sesuai dengan risk appetite dan risk philosophy yang    follow the risk appetite and risk philosophy determined by the
ditentukan oleh Dewan Komisaris.                                 Board of Commissioners.



Pedoman Tim Manajemen Risiko                                     Risk Management Team Charter

Tim Manajemen Risiko telah memiliki Pedoman Tim Manajemen        Risk Management Team already has the Risk Management Team
Risiko yang telah diperbarui pada tanggal 19 Juli 2021.          Charter, which was updated on July 19, 2021.



Komposisi dan Masa Jabatan Tim                                   Composition and Term of Office of Risk
Manajemen Risiko                                                 Management Team

Komposisi dan masa jabatan dari Tim Manajemen Risiko             The composition and term of office of the Company’s Risk
Perseroan sebagai berikut:                                       Management Team are as follows:
1. Tim Manajemen Risiko terdiri dari ketua dan minimal 2         1. The Risk Management Team shall consist of one chairman
    orang anggota;                                                  and at least 2 members;
2. Anggota Tim Manajemen Risiko sekurang-kurangnya terdiri       2. Members of Risk Management Team shall consist of at
    dari:                                                           least:
    a. Direktur Utama/CEO Group dan Direktur Perseroan yang         a. President Director/CEO of the Group and Director of
         sekurang-kurangnya membawahi Divisi Keuangan dan               the Company who are at least in charge of Finance and
         Akuntansi;                                                     Accounting Division;
    b. Kepala Divisi yang membawahi fungsi Manajemen                b. Head of Division in charge of Risk Management
         Risiko, fungsi Audit Internal Perseroan, dan fungsi            function, Internal Audit function, and Legal/Compliance
         Legal/Kepatuhan Perseroan;                                     function;
3. Ketua Tim Manajemen Risiko adalah Direktur Utama/             3. The Chairman of Risk Management Team is the President
    CEO Group, sedangkan Sekretariat Tim Manajemen Risiko           Director/CEO of the Group, while the Secretariat of Risk
    adalah Kepala Divisi yang membawahi fungsi Manajemen            Management Team is the Division Head in charge of the
    Risiko Perseroan;                                               Company’s Risk Management function;
4. Sekretariat Tim Manajemen Risiko bertanggung jawab            4. The Risk Management Team’s Secretariat is responsible for
    untuk mengelola pelaksanaan rapat Tim Manajemen Risiko;         managing the Risk Management Team’s meetings;
5. Ketua dan anggota Tim Manajemen Risiko diangkat oleh          5. The chairman and members of Risk Management Team are
    Direksi Perseroan melalui surat keputusan pengangkatan;         appointed by the Company’s Board of Directors through a
    serta                                                           decision on appointment; and
6. Keanggotan Tim Manajemen Risiko melekat pada jabatan          6. Membership of Risk Management Team is attached to the
    sehingga masa jabatan keanggotaan Tim Manajemen                 position, and thus, the term of office of Risk Management
    Risiko sama dengan masa jabatan perorangan.                     Team is the same as the individual term of office.



Struktur Organisasi Tim Manajemen                                Organizational Structure of Risk
Risiko                                                           Management Team

Berdasarkan Surat Keputusan Direksi No. L.MPM/DIR-042/V/2022,    Based on the Board of Directors’ Decision Letter
struktur organisasi Tim Manajemen Risiko Perseroan sebagai       No. L.MPM/DIR-042/V/2022, the organizational structure of the
berikut:                                                         Company’s Risk Management Team is as follows:




                                                                                           PT Mitra Pinasthika Mustika Tbk
                                                                                       Laporan Tahunan 2023 Annual Report     165
Page 168
                                                                     Direktur Utama
                                                                    President Director
                                                                Suwito Mawarwati
                                                                        Ketua
                                                                       Chairman




                                             Kepala Divisi Fungsi                                                    Kepala Divisi Fungsi
                                              Manajemen Risiko                                                      Kepatuhan (Sekretaris
       Direktur Keuangan                                                          Kepala Unit Audit Internal
                                           Head of Risk Management                                                       Perusahaan)
       Director of Finance                                                        Head of Internal Audit Unit
                                               Function Division                                                Head of Compliance Function
                                                                                                                Division (Corporate Secretary)
         Beatrice Kartika                                                                Ivan Santoso
            Anggota                               Amelia Ang                               Anggota
                                                                                                                 Timothy Immanuel Hutapea
            Member                            Anggota/Sekretariat                           Member
                                                                                                                          Anggota
                                              Member/Secretariat                                                          Member




 Kualifikasi/Sertifikasi Profesi Tim                                           Professional Qualification/Certification in
 Manajemen Risiko                                                              Risk Management Team

 Personel di Tim Manajemen Risiko telah memiliki sertifikasi                   Personnel in the Risk Management Team have risk management
 manajemen risiko yang ditunjukkan sebagai berikut:                            certification, as shown below:


                                            Sertifikasi                                                           Jumlah
                                           Certification                                                           Total

  Qualified Risk Management Professional                                                                             1
  Certified Governance Risk & Compliance Professional                                                                1




 Tugas dan Tanggung Jawab Tim                                                  Duties and Responsibilities of Risk
 Manajemen Risiko                                                              Management Team

 Tim Manajemen Risiko memiliki tugas dan tanggung jawab                        The Risk Management Team has the following duties and
 sebagai berikut:                                                              responsibilities:
 1. Menyusun dan mengomunikasikan kebijakan, strategi, dan                     1. To develop and communicate policies, strategies, and
    pedoman penerapan manajemen risiko di Perseroan dan                            guidelines for the implementation of risk management
    Entitas Anak secara berkelanjutan dan konsisten;                               in the Company and its Subsidiaries on an ongoing and
                                                                                   consistent basis;
 2. Memantau risk profile dari seluruh Grup MPM                                2. To monitor the risk profile of the entire MPM Group
    (enterprisewide risk management) dan pelaksanaan                               (enterprise wide risk management) and the implementation
    langkah-langkah mitigasi yang telah dijalankan untuk risiko                    of mitigation measures that have been implemented for
    strategis Grup MPM;                                                            MPM Group’s strategic risks;
 3. Memberikan rekomendasi perbaikan dan penyempurnaan                         3. To provide recommendations for improvement and
    penerapan manajemen risiko di Perseroan dan Entitas                            refinement of risk management implementation in the
    Anak;                                                                          Company and its Subsidiaries;
 4. Mengkaji dan menyetujui langkah-langkah taktis dalam                       4. To review and approve tactical measures in implementing
    melaksanakan mitigasi risiko Perseroan dan Entitas                             risk mitigation of the Company and its Subsidiaries
    Anak untuk risiko yang bersifat strategis di tingkat Grup                      for risks that are strategic in nature within MPM Group
    MPM dan/atau memiliki dampak terhadap lebih dari                               and/or have an impact on more than 1 company within
    1 perusahaan dalam lingkup Grup MPM;                                           MPM Group;
 5. Mengoordinasikan pelaksanaan langkah-langkah taktis                        5. To coordinate the implementation of tactical measures of
    mitigasi risiko yang melibatkan lebih dari 1 perusahaan                        risk mitigation involving more than 1 company within MPM
    dalam lingkungan Grup MPM;                                                     Group;
 6. Melakukan kajian terhadap dampak dari keputusan bisnis                     6. To review the impact of strategic business decisions
    strategis dan/atau yang menyimpang dari prosedur normal                        and/or irregularities and provide recommendations on risk
    (irregularities) serta memberikan rekomendasi langkah                          mitigation measures; and
    mitigasi risiko; serta



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                                                                                                                Tata Kelola Perusahaan
                                                                                                           Good Corporate Governance




7. Melakukan kampanye berkelanjutan untuk mengembangkan             7. To carry out ongoing campaign to develop a culture of care,
   budaya peduli, memiliki, dan waspada risiko dengan                  sense of belonging, and risk awareness by emphasizing
   menekankan bahwa risiko adalah tanggung jawab seluruh               that risk is the responsibility of the entire MPM Group.
   Grup MPM.



Rapat Tim Manajemen Risiko                                          Risk Management Team’s Meeting

Kebijakan Rapat Tim Manajemen Risiko                                Risk Management Team’s Meeting Policy
Tim Manajemen Risiko berkewajiban untuk menyelenggarakan            The Risk Management Team is obliged to hold regular meetings
rapat secara berkala setidaknya 2 kali dalam 1 tahun.               at least twice a year.


Frekuensi Pelaksanaan Rapat Tim Manajemen                           Risk Management Team’s Meeting Frequency
Risiko
Pada tahun 2023, Tim Manajemen Risiko telah melaksanakan            In 2023, the Risk Management Team held 2 meetings with
rapat sebanyak 2 kali dengan agenda utama terkait risk profile      the main agenda related to risk profile presentation for risk
presentation untuk risk monitoring cycle 10 2022/2023 dan risk      monitoring cycle 10 2022/2023, and risk update cycle
update cycle 11 2023/2024, baik lingkup pelaporan di kantor pusat   11 2023/2024, either in scope of reporting at the head office
maupun di Perseroan; agenda kick off meeting risk assessment        and at the Company; risk assessment and enhancement kick
and enhancement; serta sosialisasi ERM champion program yang        off meeting agenda; and dissemination of the ERM champion
diadakan untuk Risk Officer di lingkup kantor pusat MPM.            program held for Risk Officers within the MPM head office.




Sistem Manajemen Risiko
Risk Management System


Dalam menjalankan kegiatan usaha, Perseroan tentunya                In performing business activities, the Company certainly faces
menghadapi perubahan lingkungan bisnis yang dinamis serta           changes in the dynamic business environment as well as
kendala dan risiko bisnis. Dalam mengantisipasi dan menghadapi      business obstacles and risks. In anticipating and dealing with
risiko yang mungkin akan timbul, baik dari faktor internal maupun   risks that may arise, both from internal and external factors, the
eksternal, maka Perseroan berupaya untuk memitigasi risiko          Company strives to mitigate risks through implementing a risk
melalui penerapan sistem manajemen risiko.                          management system.



Penerapan Sistem Manajemen Risiko                                   Implementation of Risk Management
                                                                    System

Perseroan dan Entitas Anak menerapkan sistem manajemen              The Company and Subsidiaries implement a risk management
risiko berdasarkan ISO 31000:2018. Perseroan menyadari bahwa        system based on ISO 31000:2018. The Company realizes
penerapan manajemen risiko secara komprehensif berperan penting     that implementing comprehensive risk management plays
dalam meningkatkan kepastian pencapaian tujuan perusahaan           a significant role in increasing certainty in achieving the
yang telah ditetapkan. Hasilnya, Perseroan menyempurnakan atau      Company’s set goals. As a result, the Company refines or
menambah rencana pengendalian dan mitigasi yang lebih matang        adds more controls and mature mitigation plans to assure all
untuk meyakinkan seluruh pemangku kepentingan bahwa risiko-         stakeholders that the Company’s main risks can be managed
risiko utama Perseroan dikelola dengan baik.                        properly.



Jenis Risiko dan Upaya Mitigasi                                     Types of Risks and Mitigation Efforts

Perseroan melakukan identifikasi, analisis, evaluasi, dan           The Company carries out risk identification, analysis, evaluation,
pengendalian risiko untuk mengetahui jenis risiko yang              and control to determine the types of risks with the potential to
berpotensi memengaruhi kinerja Perseroan. Beberapa risiko           affect the Company’s performance. Some of the main risks along
utama beserta langkah mitigasi yang telah dilaksanakan              with the mitigation measures that have been implemented by the
Perseroan sebagai berikut:                                          Company are as follows:


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                                                                     Risiko Keuangan
                                                                      Financial Risk
  Indikasi Risiko   Adanya gejolak berbagai variabel makro yang menyebabkan                The turmoil in various macro variables that causes fluctuations
  Risk Indication   fluktuasi target keuangan. Risiko keuangan Perseroan meliputi          in financial targets. The Company’s financial risks include
                    risiko kredit, risiko likuiditas, risiko pasar (termasuk risiko suku   credit risk, liquidity risk, market risk (including interest rate risk,
                    bunga, risiko nilai tukar mata uang asing, dan risiko fluktuasi        foreign exchange rate risk, and the risk of price fluctuations of
                    harga bahan baku atau barang jadi). Manajemen risiko keuangan          raw materials or finished goods). Financial risk management
                    diuraikan secara rinci dalam Laporan Keuangan Konsolidasian            is described in detail in the Company’s Consolidated Financial
                    Perseroan.                                                             Statements.
  Mitigasi Risiko   • Melakukan lindung nilai terhadap risiko fluktuasi arus kas           • Performing hedging of risk of cash flow fluctuations caused
  Risk Mitigation     yang ditimbulkan oleh kurs mata uang dan tingkat suku bunga            by foreign currency exchange rates and interest rates on
                      atas pinjaman yang diterima dalam denominasi mata uang                 loans received in foreign currency denominations. Managing
                      asing. Mengelola kas secara hati-hati dengan pengawasan                cash carefully by closely monitoring cash flow, monitoring
                      arus kas secara ketat, memantau kondisi perekonomian                   domestic and global economic conditions, and maintaining
                      domestik dan global, serta menjaga kecukupan persediaan                adequate finished goods inventory; and
                      barang jadi; serta
                    • Melakukan efisiensi biaya operasional dan belanja modal,             • Pursuing efficiency in operational costs and capital
                      serta menjaga free cash flow dan ketersediaan standby loans            expenditures, as well as maintaining free cash flow and
                      (jika diperlukan sewaktu-waktu).                                       availability of standby loans (if needed at any time).
                                                      Risiko Kepatuhan, Hukum, dan Tata Kelola
                                                       Compliance, Legal, and Governance Risk
  Indikasi Risiko   Adanya kegagalan dalam menyelesaikan permasalahan hukum                There is a failure to resolve legal issues, and there is also non-
  Risk Indication   serta terdapat ketidakpatuhan Perseroan terhadap kebijakan dan         compliance with the Company’s policies and procedures and
                    prosedur, serta peraturan perundang-undangan yang berlaku.             applicable laws and regulations.
  Mitigasi Risiko   • Mengawasi pembuatan dokumen-dokumen hukum dan                        • Supervising the preparation of legal documents and resolving
  Risk Mitigation     menyelesaikan permasalahan hukum dengan musyawarah                     legal issues by means of deliberation for consensus;
                      untuk mufakat;                                                       • Conducting compliance test regularly in accordance with
                    • Melakukan uji kepatuhan (compliance test) secara berkala yang          various regulations issued by the regulator;
                      sesuai dengan berbagai regulasi yang dikeluarkan oleh regulator;
                    • Melakukan pemantauan perizinan secara berkala dan kewajiban          • Periodically monitoring licensing and other obligations
                      lainnya yang disyaratkan oleh peraturan perundang-undangan             required by laws and regulations and maintaining GCG
                      serta mempertahankan praktik penerapan GCG;                            implementation practices;
                    • Mengikuti perkembangan peraturan dan perundang-undangan              • Staying up to date with applicable laws and regulations,
                      yang berlaku, terutama yang berkaitan dengan pelaksanaan               especially those relating to the implementation of the
                      kegiatan usaha Perseroan; serta                                        Company’s business activities; and
                    • Melakukan evaluasi kepatuhan dengan selalu menjalankan               • Conducting compliance evaluation by always implementing
                      rekomendasi yang diberikan Otoritas Jasa Keuangan terkait              the recommendations provided by OJK regarding GCG
                      implementasi GCG di lingkungan Perseroan.                              implementation in the Company.
                                                                    Risiko Operasional
                                                                     Operational Risk
  Indikasi Risiko   Adanya kegagalan operasional Perseroan yang berpotensi                 There are the Company’s operational failures that could potentially
  Risk Indication   timbul karena Perseroan tidak berhasil memenuhi standar,               arise due to the Company fails to meet the standards, disruptions
                    gangguan pada sistem, dan faktor atau kejadian eksternal               in system, and external factors or events such as weather changes
                    seperti perubahan cuaca dan bencana alam yang di luar kendali          and natural disasters beyond the Company’s control, such as the
                    Perseroan seperti pandemi Covid-19.                                    Covid-19 pandemic.
  Mitigasi Risiko   • Menetapkan prosedur standar operasional yang senantiasa              • Establishing standard operating procedures that are
  Risk Mitigation     diperbarui dan disempurnakan agar kemungkinan risiko                   continuously updated and refined so that possible risks are
                      berkurang dan aktivitas operasional Perseroan dapat sejalan            reduced and the Company’s operational activities can be in
                      dengan permintaan usaha dan teknologi;                                 line with the business and technology demands;
                    • Menerapkan program asuransi yang memadai untuk seluruh               • Implementing an adequate insurance program for all of the
                      aset Perseroan;                                                        Company’s assets;
                    • Menerapkan protokol kesehatan ketat sesuai dengan anjuran            • Implementing strict health protocols following government
                      pemerintah, mengutamakan aspek kesehatan dan keselamatan               recommendations, managing operations by way of shift
                      bagi para karyawan, dan mengambil langkah efisiensi atas               distribution following applicable policies in each region,
                      kegiatan operasional di semua lini usaha; serta                        prioritizing health and safety aspects for employees and
                                                                                             taking efficiency measures for operational activities in all lines
                                                                                             of business; and
                    • Mengimplementasikan business continuity management                   • Implementing a business continuity management system
                      system berbasis ISO 22301:2019 untuk memberikan jaminan                based on ISO 22301:2019 to assure consumers that the
                      kepada konsumen bahwa Perseroan tetap dapat memberikan                 Company can still provide the best service in the event of
                      layanan terbaik pada saat terjadi gangguan, baik karena                a disruption, both due to natural and non-natural causes,
                      penyebab alam maupun non-alam dengan menetapkan                        by establishing policies, standard operating procedures,
                      kebijakan, standar operasional prosedur, Tim Tanggap                   Emergency Response Teams, and conducting several reviews
                      Darurat, serta membuat beberapa kajian berupa penilaian                in the form of risk assessments and business impact analysis
                      risiko dan business impact analysis sesuai ruang lingkup.              according to the scope.
                                                              Risiko Strategis dan Bisnis
                                                              Strategic and Business Risk
  Indikasi Risiko   Adanya ketidaksesuaian strategi dan persaingan bisnis yang             There is a mismatch of strategy and business competition that
  Risk Indication   dapat berdampak negatif terhadap Perseroan.                            could negatively impact the Company.
  Mitigasi Risiko   Menentukan strategi bisnis secara seksama melalui proses               Determining business strategies carefully through a rigorous
  Risk Mitigation   yang ketat serta berupaya untuk menjadi pemain unggul melalui          process and striving to become a superior player through the
                    pelayanan terbaik.                                                     best service.




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                                                           Risiko Sumber Daya Manusia
                                                              Human Resources Risk
Indikasi Risiko   Adanya kekurangan jumlah sumber daya manusia yang dimiliki            Lack of human resources owned by the Company, both in
Risk Indication   Perseroan, baik dari sisi kompetensi atau risiko kehilangan           terms of competence or the risk of losing key personnel, and
                  personel kunci, serta pengembangan sumber daya manusia                inadequate human resource development.
                  yang tidak memadai.
Mitigasi Risiko   • Memiliki program rekrutmen karyawan baru secara                     • Having a new employee recruitment program on an ongoing
Risk Mitigation     berkesinambungan melalui penyelenggaraan program                      basis through the implementation of management trainee
                    management trainee, sharing knowledge, program retensi                programs, knowledge sharing, retention programs for
                    bagi karyawan yang berprestasi, program pencarian talenta             outstanding employees, internal talent search programs,
                    internal, pembaruan dan sosialisasi MPM Value, dan                    updating and disseminating MPM Value, and conducting
                    pelaksanaan evaluasi kinerja; serta                                   performance evaluations; and
                  • Memberikan pelatihan berkala kepada karyawan untuk                  • Providing regular training to employees to increase skills and
                    meningkatkan keahlian dan kewaspadaan dalam menangani                 awareness in handling systems and other operational tools,
                    sistem dan alat operasional lainnya, serta pembaruan                  as well as updates on regulatory, industry, and technological
                    terhadap perkembangan peraturan, industri, dan teknologi.             developments.
                                                                   Risiko Reputasi
                                                                   Reputation Risk
Indikasi Risiko   Adanya kelangsungan bisnis Perseroan terganggu oleh suatu             The Company’s business continuity being disrupted by an act or
Risk Indication   perbuatan atau tindakan.                                              actions.
Mitigasi Risiko   • Memantau serta menjaga citra di mata publik dengan senantiasa       • Monitoring and maintaining its image in the eyes of the
Risk Mitigation     menjamin bahwa semua karyawan telah bekerja secara                    public by always ensuring that all employees have worked
                    profesional dengan mengedepankan prinsip integritas; serta            professionally by prioritizing the principle of integrity; and
                  • Melakukan sosialisasi Nilai-Nilai Perseroan dan Pedoman             • Disseminating the Company’s Values and Code of Conduct
                    Perilaku yang wajib dipatuhi oleh seluruh karyawan Perseroan.         that must be obeyed by all employees of the Company.
                                                      Risiko Keamanan Data dan Informasi
                                                       Data and Information Security Risk
Indikasi Risiko   Adanya ketidakmampuan Perseroan dalam menjaga keamanan                The Company’s inability to maintain data and information security,
Risk Indication   data dan informasi yang menyebabkan tidak tercapainya 3               resulting in the failure to achieve 3 data/information security
                  sasaran keamanan data/informasi yang mencakup kerahasiaan             objectives, including data/information confidentiality, data/
                  data/informasi, keutuhan dan kelengkapan data/informasi, dan          information integrity and completeness, and data/information
                  ketersediaan data/informasi yang berpotensi menyebabkan               availability which has the potential to cause information security
                  terjadinya insiden keamanan informasi, terganggunya proses            incidents, disruptions in business processes, and obstacles in
                  bisnis, dan menghambat pencapaian tujuan.                             the achievement of goals.
Mitigasi Risiko   Melindungi kerahasiaan data/informasi dan mengendalikan               Protecting data/information confidentiality and controlling
Risk Mitigation   risiko keamanan informasi melalui perbaikan dan peningkatan           information security risks through continuous improvement and
                  yang berkelanjutan yang berfokus pada 3 pilar keamanan                enhancement focusing on the 3 pillars of information security,
                  informasi yaitu people, process, dan technology.                      namely people, process, and technology.
                  • Pilar people berfokus pada peningkatan kompetensi sumber            • ‘People’ pillar focuses on human resources competency
                     daya manusia melalui kegiatan sosialisasi, edukasi, survei,           development through regular dissemination, education, surveys,
                     dan penilaian keamanan informasi secara berkala untuk                 and assessments of information security for all employees, as
                     seluruh karyawan serta melakukan IT security awareness yang           well as continuously conducting IT security awareness to all
                     dilakukan secara berkesinambungan kepada seluruh karyawan;            employees;
                  • Pilar process berfokus pada pengembangan dan implementasi           • ‘Process’ pillar focuses on the development and
                     seperangkat kebijakan dan prosedur keamanan informasi serta           implementation of a set of information security policies and
                     identifikasi dan mitigasi risiko keamanan data/informasi; serta       procedures and the identification and mitigation of data/
                                                                                           information security risks; and
                  • Pilar technology berfokus pada optimalisasi penggunaan              • ‘Technology’ pillar focuses on optimizing the use of the latest
                    teknologi informasi yang terkini dalam mendukung                       information technology in supporting the achievement of 3
                    tercapainya 3 sasaran keamanan data/informasi.                         data/information security objectives.
                                                   Risiko Tanggung Jawab Sosial Perusahaan
                                                      Corporate Social Responsibility Risk
Indikasi Risiko   Adanya ketidakmampuan untuk menunjukkan kesadaran dan                 The inability to demonstrate a fundamental awareness and
Risk Indication   pemahaman mendasar terhadap lingkungan dan keberlanjutan              understanding of the environment and sustainability related
                  yang berhubungan dengan kondisi operasional Perseroan dan juga        to the Company’s operational conditions and the inability to
                  menyampaikan kebutuhan masyarakat yang lebih besar.                   address the needs of the larger community.
Mitigasi Risiko   Merancang inisiatif-inisiatif strategis yang berkesinambungan untuk   Designing sustainable strategic initiatives to harmonize the
Risk Mitigation   menyelaraskan operasional Perseroan dengan lingkungan dan selalu      Company’s operations with the environment and always taking
                  memperhatikan aspek sosial kemasyarakatan, sehingga manfaat           care of the social community aspect so that the benefits of
                  tanggung jawab sosial perusahaan menjadi wujud nyata dan dapat        corporate social responsibility become tangible and can be felt
                  dirasakan oleh seluruh pemangku kepentingan bersama dengan            by all stakeholders along with the Company’s presence in the
                  kehadiran Perseroan di masyarakat.                                    community.
                                                    Risiko Kesehatan dan Keselamatan Kerja
                                                      Occupational Health and Safety Risk
Indikasi Risiko   Adanya ketidakmampuan Perseroan dalam membuat suatu                   The Company’s inability to create a good system to prevent
Risk Indication   sistem yang baik untuk mencegah terjadinya kecelakaan dan             accidents and provide a healthy, safe, and comfortable work
                  menciptakan lingkungan kerja yang sehat, aman, dan nyaman             environment for all employees.
                  bagi seluruh karyawan.




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  Mitigasi Risiko   • Menciptakan lingkungan kerja yang sehat, aman dan nyaman           • Providing a healthy, safe, and comfortable work environment
  Risk Mitigation     dengan cara menyediakan ruangan kerja, ruang rapat, dan              by providing work spaces, meeting rooms, and other facilities
                      fasilitas lainnya dengan memperhatikan aspek kebersihan,             by paying attention to aspects of cleanliness, comfort, and
                      kenyamanan dan keamanan; serta                                       safety; and
                    • Membentuk Tim Tanggap Darurat dengan kapabilitas yang              • Forming an Emergency Response Team capable of dealing
                      baik dalam menghadapi kondisi tanggap darurat bencana                with disaster emergency response conditions and other
                      dan gangguan keamanan lainnya, menyediakan obat-obatan,              security problems, providing medicines, issuing emergency
                      mengeluarkan kebijakan dan prosedur tanggap darurat sesuai           response policies and procedures according to the
                      business continuity management system berbasis ISO 22301:2019        business continuity management system based on ISO
                      yang senantiasa diperbarui, serta menjalankan protokol kesehatan     22301: 2019, and implementing health protocols following
                      sesuai ketentuan pemerintah.                                         government regulations.
                                                 Risiko Business Continuity Management System
                                                 Business Continuity Management System Risk
  Indikasi Risiko   Adanya ketidakmampuan Perseroan dalam melaksanakan                   The Company’s inability to carry out the emergency response in
  Risk Indication   tanggap darurat saat terjadi gangguan alam maupun non-               the event of natural and non-natural disruptions that may cause
                    alam yang berdampak terhadap ketidakmampuan Perseroan                the Company’s inability to continue its business continuity and
                    untuk melanjutkan keberlangsungan bisnis dan memberikan              provide the best service to customers.
                    pelayanan terbaik kepada pelanggan.
  Mitigasi Risiko   • Menyempurnakan implementasi          business continuity           • Refining the implementation of business continuity
  Risk Mitigation     management system berbasis ISO 22301:2019 di Perseroan               management system based on ISO 22301:2019 in the
                      dan Entitas Anak;                                                    Company and its Subsidiaries;
                    • Melanjutkan implementasi business continuity management            • Continuing the implementation of business continuity
                      system berbasis ISO 22301:2019 di Entitas Anak lainnya;              management system based on ISO 22301:2019 in other
                      serta                                                                Subsidiaries; and
                    • Melaksanakan pelatihan tanggap darurat secara rutin sesuai         • Conducting regular emergency response training following
                      kebijakan yang tercantum dalam emergency response plan               the policies stated in the emergency response plan by
                      dengan melibatkan seluruh karyawan untuk meningkatkan                involving all employees to increase awareness of disaster
                      kesadaran mengenai tanggap darurat bencana.                          emergency response.


 Risiko-risiko tersebut akan selalu dimonitor dan dievaluasi                     These risks will constantly be monitored and evaluated by
 dengan memperhatikan dinamika kegiatan usaha dan peraturan                      considering the dynamics of business activities and related
 terkait, termasuk memetakan risiko-risiko yang mungkin belum                    regulations, including mapping risks that may not have been
 teridentifikasi.                                                                identified.



 Tinjauan atas Efektivitas Sistem                                                Overview of the Effectiveness of Risk
 Manajemen Risiko                                                                Management System

 Direksi dan Unit Audit Internal (di bawah pengawasan Dewan                      The Board of Directors and the Internal Audit Unit (under the
 Komisaris dan Komite Audit) telah mengevaluasi penerapan                        supervision of the Board of Commissioners and the Audit
 manajemen risiko secara berkala, khususnya untuk risiko-                        Committee) have periodically evaluated the implementation of
 risiko utama yang telah diidentifikasi dapat berdampak luas                     risk management, particularly for key risks identified as having
 pada Perseroan. Selain itu, Perseroan telah menerapkan                          a broad impact on the Company. In addition, the Company
 pengendalian internal dan menelaah tindakan mitigasi yang                       has implemented internal controls and reviewed appropriate
 tepat guna meningkatkan penerapan manajemen risiko sesuai                       mitigation measures to improve the implementation of risk
 dengan perkembangan bisnis Perseroan.                                           management in line with the Company’s business developments.



 Upaya Peningkatan Pengelolaan Risiko                                            Efforts to Improve Risk Management

 Guna mengelola risiko usaha yang melekat pada kegiatan usaha,                   To mitigate business risks inherent in business activities, the MPM
 maka Grup MPM melakukan upaya-upaya sebagai berikut:                            Group makes the following efforts:
 1. Risk owner Perseroan secara berkala mempresentasikan profil                  1. The Company’s risk owners periodically present their respective
    risiko masing-masing, termasuk pengawasan dan peninjauan                         risk profiles, including monitoring and review, to the Company’s
    kepada Direksi Perseroan dan/atau Tim Manajemen Risiko;                          Board of Directors and/or Risk Management Team;
 2. Seluruh Tim Manajemen Risiko Entitas Anak secara berkala                     2. All Subsidiaries’ Risk Management Teams periodically
    mempresentasikan profil risiko masing-masing kepada Tim                          present their respective risk profiles to the Company’s
    Manajemen Risiko Perseroan;                                                      Risk Management Team;
 3. Tim Manajemen Risiko secara berkala mengadakan pelatihan                     3. The Risk Management Team regularly organizes training for
    kepada seluruh pemangku risiko (risk officer dan risk owner)                     all risk stakeholders (risk officers and risk owners) to improve
    untuk meningkatkan pemahaman terhadap risiko dan                                 their understanding of risks and usefulness. When necessary,
    kegunaannya. Apabila diperlukan, Unit Manajemen Risiko                           the Risk Management Unit assists risk officers in the process
    melakukan pendampingan terhadap risk officer dalam proses                        of conducting risk assessments;
    pelaksanaan asesmen risiko;
 4. Melakukan integrasi manajemen risiko dengan planning cycle                   4. Integrated risk management with the annual planning cycle
    tahunan dan menyampaikannya kepada Direksi Perseroan;                           and submitting it to the Board of Directors;



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5. Meningkatkan kapabilitas Tim Manajemen Risiko dengan          5. Improved the Risk Management Team’s capability through
   mengikuti beberapa pelatihan manajemen risiko;                   risk management training;
6. Tim Manajemen Risiko secara berkala melakukan komunikasi      6. The Risk Management Team regularly communicates and
   dan konsultasi dengan Komite GCG Perseroan untuk meminta         consults with the Company’s GCG Committee for advice
   saran atau rekomendasi dalam penanganan prioritas serta          or recommendations in handling priorities and input for
   masukan untuk perbaikan proses pengelolaan risiko di Grup        improving the risk management process in MPM Group;
   MPM; serta                                                       and
7. Melakukan peningkatan berkesinambungan (continuous            7. Performing continuous improvement/enhancement on
   improvement/enhancement) pada aplikasi manajemen risiko          the existing risk management application to improve its
   yang telah ada agar dapat meningkatkan fungsi, kontrol, dan      function, control, and reporting generated from the system.
   pelaporan yang dihasilkan dari sistem.



Pernyataan Dewan Komisaris dan/                                  Statement of Board of Commissioners
atau Direksi atas Kecukupan Sistem                               and/or Board of Directors on Adequacy of
Manajemen Risiko                                                 Risk Management System

Berdasarkan hasil telaah yang dilakukan oleh Dewan Komisaris     Based on the review conducted by the Board of Commissioners
dan/atau Direksi, sistem manajemen risiko yang dimiliki          and/or Board of Directors, the risk management system of the
oleh Perseroan telah berjalan dengan baik dan memadai            Company was sufficiently running well to protect the interests
untuk melindungi kepentingan Perseroan. Penilaian tersebut       of the Company. The assessment is based on a number of
berdasarkan sejumlah pencapaian, antara lain:                    achievements, among others:
1. Pelaksanaan sosialisasi program manajemen risiko secara       1. Continuous dissemination of risk management programs;
    berkelanjutan;
2. Peningkatan kualitas Risk and Control Self-Assessment         2. Improving the quality of Risk and Control Self-Assessment
    (RCSA);                                                         (RCSA);
3. Upaya peningkatan kapabilitas fungsi manajemen risiko         3. Efforts to increase capability of risk management function
    dengan mengikuti beberapa pelatihan dan webinar                 by participating in several trainings and webinars on
    mengenai tata kelola;                                           governance;
4. Perbaikan berkelanjutan terhadap fungsi dan pelaporan         4. Continuous improvement of ERM system function and
    ERM system yang telah digunakan; serta                          reporting that have been used; and
5. Peningkatan proses integrasi manajemen risiko dengan          5. Improvement of the integration process of risk management
    planning cycle, Sistem Manajemen Keamanan Informasi             with planning cycle, Information Security Management
    (SMKI) ISO 27001:2022, dan Business Continuity                  System (ISMS) ISO 27001:2022, and Business Continuity
    Management System ISO 22301:2019.                               Management System ISO 22301:2019.




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 Perkara Penting
 Significant Cases


 Sepanjang tahun 2023, tidak terdapat permasalahan dan/atau          Throughout 2023, there were no material problems and/or legal
 perkara hukum, baik perdata maupun pidana yang dihadapi             cases, either civil and criminal ones, faced by the Company, its
 Perseroan, Entitas Anak, serta anggota Dewan Komisaris dan          Subsidiaries, and members of the Board of Commissioners and
 Direksi yang bersifat material.                                     Board of Directors.




 Sanksi Administratif
 Administrative Sanctions


 Di sepanjang tahun 2023, tidak terdapat sanksi administratif        Throughout 2023, there were no administrative sanctions imposed
 yang dikenakan oleh otoritas baik kepada Perseroan, anggota         by the authorities on the Company, members of the Board of
 Dewan Komisaris, anggota Direksi, dan Entitas Anak.                 Commissioners and Board of Directors, and Subsidiaries.




 Pedoman Perilaku
 Code of Conduct


 Untuk mewujudkan Visi dan Misi Perseroan dibutuhkan                 To realize the Company’s Vision and Mission, support from
 dukungan dari seluruh pemangku kepentingan, khususnya dari          all stakeholders, especially from all Company personnel, is
 seluruh insan Perseroan. Untuk itu, Perseroan telah menyusun        required. For this reason, the Company prepared a Code of
 Pedoman Perilaku yang disahkan dan diterbitkan pada Agustus         Conduct which was approved and published in August 2014 as
 2014 sebagai standar etika terbaik dalam menjalankan segenap        the best ethical standard in performing all business activities in
 aktivitas bisnis sesuai dengan visi, misi, nilai, dan budaya yang   accordance with its vision, mission, values, and culture applied
 dimiliki yang diterapkan di seluruh lini usaha.                     in all business lines.



 Isi Pedoman Perilaku                                                Contents of the Code of Conduct

 Pedoman Perilaku Perseroan berisikan 15 pokok untuk                 The Company’s Code of Conduct contains 15 principles for
 berinteraksi secara profesional dalam menjalankan kegiatan          interacting professionally in performing daily business activities,
 bisnis sehari-hari, meliputi:                                       including:
 1. Kepatuhan terhadap Peraturan Perundang-Undangan;                 1. Compliance with Laws and Regulations;
 2. Perilaku Bisnis;                                                 2. Business Behaviors;
 3. Memperdagangkan Informasi Orang Dalam;                           3. Insider Trading;
 4. Kebijakan Anti Korupsi;                                          4. Anti-Corruption Policy;
 5. Hubungan Pelanggan, Pemegang Saham, Prinsipal, dan               5. Customer, Shareholder, Principal, and Other Stakeholder
     Pemangku Kepentingan Lainnya;                                        Relations;
 6. Pelaporan dan Pencatatan Keuangan;                               6. Financial Reporting and Record-keeping;
 7. Hadiah, Hiburan, dan Pemberian Lainnya;                          7. Gifts, Entertainment, and Other Givings;




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8. Tempat Kerja yang Positif;                                   8. Positive Workplace;
9. Lingkungan;                                                  9. Environment;
10. Konflik Kepentingan;                                        10. Conflict of Interest;
11. Melindungi Properti;                                        11. Protecting Property;
12. Pengungkapan Publik;                                        12. Public Disclosure;
13. Hubungan Pemerintah;                                        13. Government Relations;
14. Melindungi Informasi Rahasia; serta                         14. Protecting Confidential Information; and
15. Mengajukan Pertanyaan dan Melaporkan Pelanggaran.           15. Asking Questions and Reporting Violations.



Bentuk Sosialisasi Pedoman Perilaku                             Dissemination Form of Code of Conduct

Guna mengimplementasikan Pedoman Perilaku secara                To apply the Code of Conduct thoroughly in all lines of the
menyeluruh di seluruh lini bisnis Perseroan, sosialisasi        Company’s business, the dissemination of Code of Conduct
Pedoman Perilaku senantiasa dikembangkan dan ditelaah dari      is continuously developed and reviewed from time to time
waktu ke waktu sebagai langkah penyesuaian kebijakan dengan     as a step to adapt policies to developments in applicable
perkembangan peraturan dan praktik-praktik yang berlaku.        regulations and practices. Disseminations are carried out
Langkah sosialisasi dilakukan secara berkala baik di lingkup    periodically both within the Company and its Subsidiaries, one
Perseroan maupun Entitas Anak, salah satunya dilakukan          of which is through the induction process for new employees
melalui proses induksi karyawan baru dan program e-learning     and e-learning refreshment program for all employees of the
refreshment Pedoman Perilaku kepada seluruh karyawan            Company and its Subsidiaries. The Company’s Code of Conduct
Perseroan maupun Entitas Anak. Pedoman Perilaku Perseroan       can be downloaded via the Company’s website.
dapat diunduh melalui situs web Perseroan.



Upaya Penegakan Pedoman Perilaku                                Efforts to Enforce Code of Conduct

Upaya yang dilakukan Perseroan dalam menegakkan                 The Company’s efforts to enforce the Code of Conduct are by
Pedoman Perilaku adalah dengan memberikan sanksi kepada         imposing sanctions to perpetrators of violations, including failure
pelaku pelanggaran, termasuk kegagalan untuk melaporkan         to report possible violations. The sanctions imposed are adjusted
kemungkinan terjadinya pelanggaran. Sanksi yang dikenakan       to the level of violation, with heaviest sanction being termination
disesuaikan dengan tingkat pelanggarannya, dengan sanksi        of employment.
terberat berupa pemberhentian hubungan kerja.



Pernyataan bahwa Pedoman Perilaku                               Statement that the Code of Conduct
Berlaku bagi Seluruh Tingkatan                                  Applies to All Organizational Levels
Organisasi

Pedoman Perilaku berlaku bagi segenap insan Perseroan,          The Code of Conduct applies to all Company personnel, from
mulai dari karyawan, jajaran manajemen, Direksi hingga Dewan    employees, management, Board of Directors, to the Board of
Komisaris Grup MPM. Hal ini dilakukan guna memastikan seluruh   Commissioners of MPM Group. This is done to ensure that all
kegiatan bisnis senantiasa sesuai dengan aturan yang berlaku.   business activities always comply with the applicable regulations.


Selain itu, seluruh anggota Dewan Komisaris, Direksi, serta     In addition, all members of the Board of Commissioners, Board
karyawan Perseroan diwajibkan menandatangani Deklarasi          of Directors, and employees of the Company are required to sign
Kode Etik dan Kebijakan Perusahaan sebagai bentuk komitmen      the Declaration of the Code of Conduct and Corporate Policies
dan kepatuhan terhadap Peraturan Perusahaan, Pedoman            as a form of commitment and compliance with the Company’s
Perilaku, dan seluruh peraturan perundang-undangan.             Regulations, Code of Conduct, and all laws and regulations.



Jumlah Pelanggaran Pedoman Perilaku                             Number of Code of Conduct Violations
dan Sanksi yang Diberikan                                       and Sanctions Given

Di tahun 2023, tidak terdapat laporan pelanggaran Pedoman       In 2023, there were no reports of violations of the Code of
Perilaku yang dilakukan oleh insan Perseroan.                   Conduct by Company personnel.




                                                                                           PT Mitra Pinasthika Mustika Tbk
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Page 176
 Program Kepemilikan Saham oleh Karyawan
 Employee Share Ownership Program


 Perseroan tidak memiliki program kepemilikan saham oleh          The Company did not have any employee share ownership
 karyawan di tahun 2023.                                          program in 2023.




 Kebijakan Pemberian Insentif Jangka Panjang
 kepada Direksi dan/atau Personel Manajemen Inti
 Policy on Granting Long-Term Incentives to the Board of
 Directors and/or Key Management Personnel

 Kebijakan pemberian insentif jangka panjang kepada Direksi       The policy of providing long-term incentives to the Board of
 dan/atau personel manajemen inti (Long Term Incentive            Directors and/or key management personnel (Long Term
 Program/LTIP) merupakan bentuk apresiasi Perseroan kepada        Incentive Program/LTI) is an appreciation from the Company
 Direksi dan/atau Personel Manajemen Inti Grup MPM atas           to the Board of Directors and/or Key Management Personnel
 kontribusi dan pencapaian target yang ditetapkan. Implementasi   of MPM Group for their contribution and achievement of set
 dari kebijakan tersebut berupa pemberian saham dengan            targets. This policy is applied by giving shares out of a portion
 menggunakan sebagian dari saham tresuri yang merupakan           of the treasury shares, which were the result of buybacks by
 hasil pembelian kembali oleh Perseroan sejak tahun 2013          the Company from 2013 to 2017. The treasury shares used for
 sampai dengan tahun 2017. Saham treasuri yang digunakan          this program were approved by Shareholders in the Company’s
 untuk program ini telah disetujui oleh Pemegang Saham            Annual GMS, held on May 31, 2016, and May 27, 2019.
 pada RUPS Tahunan Perseroan yang diselenggarakan pada
 31 Mei 2016 dan pada 27 Mei 2019.


 Selama tahun 2023 telah dilaksanakan pendistribusian             During 2023, 12,862,700 shares were distributed to the
 12.862.700 saham kepada Direksi dan/atau personel                Board of Directors and/or key management personnel as the
 manajemen inti sebagai pelaksanaan program LTIP.                 implementation of LTIP program.


 Pelaksanaan pemberian insentif jangka panjang dilakukan          The long-term incentives are provided in stages, where each
 secara bertahap, di mana pada setiap tahapan (grant) akan        stage (grant) will be given based on the following terms and
 diberikan berdasarkan dengan syarat dan ketentuan berikut:       conditions:
 1. Pihak penerima adalah anggota Direksi Perseroan dan/atau      1. The recipient is a member of the Board of Directors of the
     Entitas Anak Perseroan;                                          Company and/or its Subsidiaries;
 2. Pencapaian atas kondisi atau target yang telah ditetapkan     2. Achieving predetermined conditions or targets; and
     sebelumnya; serta
 3. Harga dan waktu pelaksanaan grant akan ditetapkan             3. The price and time of the grant will be determined at the
     berdasarkan kebijakan Direksi Perseroan.                        discretion of the Company’s Board of Directors.




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Kebijakan Pengungkapan Informasi
Information Disclosure Policy


Kepemilikan Saham Anggota Dewan                                 Share Ownership of Members of the
Komisaris dan Direksi                                           Board of Commissioners and Board of
                                                                Directors

Kebijakan pengungkapan informasi merupakan bagian               Information disclosure policy is part of the process of providing
dari proses pemberian informasi kepada para Pemegang            information to Shareholders and investment community in
Saham dan komunitas investasi secara wajar dan tepat            a reasonable and timely manner so that they can assess the
waktu sehingga dapat melakukan penilaian atas strategi,         Company’s strategy, development, operations, and financial
perkembangan, operasional dan kinerja keuangan Perseroan,       performance, as well as enabling Shareholders and investment
serta memungkinkan Pemegang Saham dan komunitas                 community to be actively involved with the Company.
investasi terlibat secara aktif dengan Perseroan.


Ketentuan dari kebijakan tersebut mewajibkan seluruh anggota    The provisions of such policy require all members of the Board
Dewan Komisaris dan Direksi untuk memberitahukan atau           of Commissioners and Board of Directors to notify or report
melaporkan kepemilikan saham dan/atau setiap perubahan          share ownership and/or any changes in share ownership,
kepemilikan saham, baik langsung maupun tidak langsung,         either directly or indirectly, to the Company within the deadline
pada Perseroan dengan tenggat waktu sesuai dengan               in accordance with Financial Services Authority Regulation
Peraturan Otoritas Jasa Keuangan No. 11/POJK.04/2017            No. 11/POJK.04/2017 on Report of Share Ownership or Any
tentang Laporan Kepemilikan atau Setiap Perubahan               Change in Share Ownership in Public Company, which include:
Kepemilikan Saham Perusahaan Terbuka, yaitu:
1. Pemberitahuan kepada Perseroan selambat-lambatnya            1. Notification to the Company no later than 3 business days
    3 hari kerja setelah terjadinya kepemilikan atau setiap        after ownership or any change in share ownership in the
    perubahan kepemilikan saham dalam Perseroan; serta             Company occurs; and
2. Pelaporan kepada Otoritas Jasa Keuangan selambat-            2. Report to the Financial Services Authority no later than
    lambatnya 10 hari terhitung sejak terjadinya kepemilikan       10 days from the date of ownership or any change in share
    atau setiap perubahan kepemilikan saham dalam                  ownership in the Company.
    Perseroan.


Pada tahun 2023, beberapa anggota Direksi Perseroan             In 2023, several members of the Company’s Board of Directors
memperoleh saham Perseroan yang merupakan grant dari            received the Company’s shares as a grant of long-term incentive
program insentif jangka panjang. Oleh karena itu, Perseroan     program. Therefore, the Company, through the Corporate
melalui Sekretaris Perusahaan telah menyampaikan laporan        Secretary, submitted monthly reports on share ownership
bulanan kepemilikan saham anggota Dewan Komisaris dan           of members of the Board of Commissioners and Board of
Direksi selama tahun 2023 melalui e-reporting kepada Otoritas   Directors throughout 2023 through e-reporting to the Financial
Jasa Keuangan dan Bursa Efek Indonesia.                         Services Authority and Indonesian Stock Exchange.


Informasi lengkap jumlah saham Perseroan yang tercatat atas     Complete information on total Company’s shares recorded on
nama anggota Dewan Komisaris dan Direksi dapat dilihat pada     behalf of members of the Board of Commissioners and Board
bab Profil Perusahaan Laporan Tahunan ini.                      of Directors can be viewed in the Company Profile chapter of
                                                                this Annual Report.




                                                                                           PT Mitra Pinasthika Mustika Tbk
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Page 178
 Whistleblowing System
 Whistleblowing System


 Sebagai upaya untuk mendukung penerapan prinsip GCG,              As an effort to support GCG principles’ implementation, the
 Perseroan mengimplementasikan sistem pelaporan pelanggaran        Company applies a Whistleblowing System (WBS) called MPM
 (Whistleblowing System/WBS) dengan nama MPM SpeakUp.              SpeakUp. MPM SpeakUp itself is a standardized and trusted
 MPM SpeakUp sendiri merupakan mekanisme WBS yang                  WBS mechanism, so that the Code of Conduct, Company rules/
 terstandar dan terpercaya, sehingga Kode Etik, aturan/kebijakan   policies, and Company Regulations applied within MPM Group’s
 Perseroan, Peraturan Perusahaan yang diberlakukan diterapkan      operational areas, and relevant laws and regulations can be fully
 di wilayah operasional Grup MPM, serta ketentuan perundang-       implemented.
 undangan terkait dapat diterapkan dengan sepenuhnya.



 Cara Penyampaian Laporan Pelanggaran                              How to Submit the Whistleblowing Report

 Pelapor dapat menyampaikan pertanyaan, laporan pengaduan          Whistleblowers can submit questions, complaints of violations,
 atas pelanggaran, atau dugaan terjadinya pelanggaran di dalam     or suspected violations within MPM Group through MPM
 Grup MPM melalui MPM SpeakUp. Sarana atau media yang              SpeakUp. The channels or media used in MPM SpeakUp
 digunakan dalam program MPM SpeakUp tersedia 24 jam sehari        program are available 24 hours a day for the whole 365 days a
 dan 365 hari dalam setahun melalui saluran komunikasi yang        year through the communication channels provided below:
 disediakan sebagai berikut:



                                             0812 5000 1880



                                             mpm-speakup@pwc.com



                                             https://mpm.whispli.com/SpeakUp




 Perlindungan bagi Pelapor                                         Protection for Whistleblowers

 Perseroan berkomitmen untuk memberikan perlindungan bagi          The Company is committed to providing protection to
 pelapor yang beriktikad baik dengan menjaga kerahasiaan           whistleblowers with good intentions by maintaining the
 identitas dan tidak mendapatkan pembalasan saat melapor           confidentiality of their identity, and thus, not receiving retaliation
 ataupun saat laporannya ditindaklanjuti.                          when reporting or when their report is followed up.



 Penanganan dan Pihak yang Mengelola                               Complaint Handling and WBS Manager
 Pengaduan

 Setiap pengaduan pelanggaran yang masuk akan dikelola             Any incoming violation complaint will be managed
 oleh pihak ketiga yang profesional dan independen, yaitu          by a professional and independent third party, i.e.
 PricewaterhouseCoopers untuk selanjutnya dilakukan investigasi    PricewaterhouseCoopers, to further be investigated for its
 atas kebenaran laporan yang diterima. Jika diketahui bahwa        truth. In the event that the report is proven to be true, it will
 laporan terbukti kebenarannya, maka akan disampaikan kepada       be submitted to the Board of Commissioners and Board of
 Dewan Komisaris dan Direksi untuk menentukan jenis sanksi yang    Directors to determine the type of sanction to be imposed.
 akan diberikan. Demikian pula, sanksi dapat diberikan apabila     Likewise, sanctions may also be imposed in the event that the
 laporan mengarah pada tindak pencemaran nama baik atau            report leads to defamation act or other irresponsible acts.
 perbuatan tidak bertanggung jawab lainnya.



        PT Mitra Pinasthika Mustika Tbk
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Jumlah Pelaporan yang Diterima dan                                  Number of Reports Received and
Diproses                                                            Processed

Pada tahun 2023, jumlah pengaduan yang diterima oleh WBS            In 2023, there were 11 complaints received by WBS MPM
MPM SpeakUp sebanyak 11 laporan. Seluruh laporan yang               SpeakUp. All of which had been processed and followed up by
diterima telah diproses dan ditindaklanjuti oleh Perseroan dengan   the Company by involving Internal Audit Unit, Human Resources
melibatkan Unit Audit Internal, Divisi Sumber Daya Manusia, serta   Division, and the appointed parties from related Subsidiaries.
pihak yang ditunjuk dari Entitas Anak terkait.




Kebijakan Anti Korupsi dan Anti-Fraud
Anti-Corruption and Anti-Fraud Policy


Perseroan memiliki kebijakan Anti Korupsi dan Anti-Fraud yang       The Company has an Anti-Corruption and Anti-Fraud policy which
wajib ditaati oleh seluruh insan Perseroan dalam menjalankan        must be adhered to by all Company personnel in performing
tugas dan tanggung jawabnya di Perseroan, sebagaimana               their duties and responsibilities in the Company, as specified in
tertuang dalam Corporate Policy Manual dan Pedoman Perilaku.        the Corporate Policy Manual and Code of Conduct. This anti-
Keberadaan kebijakan anti korupsi dan anti-fraud ini bertujuan      corruption and anti-fraud policy are in place to have business
untuk menciptakan praktik bisnis yang bersih dari segala bentuk     practices clean from all forms of fraud and to comply with all
kecurangan serta mematuhi seluruh aspek regulasi yang berlaku       aspects of the applicable regulations in Indonesia.
di Indonesia.



Pelatihan/Sosialisasi Kebijakan Anti                                Training/Dissemination of Anti-Corruption
Korupsi dan Anti-Fraud kepada Karyawan                              and Anti-Fraud Policies to Company
Perseroan                                                           Employees

Perseroan secara aktif melakukan pelatihan/sosialisasi terkait      The Company actively carries out training/dissemination on anti-
kebijakan anti korupsi kepada karyawan untuk meningkatkan           corruption policies to employees to increase their understanding
pemahaman dan kesadaran terhadap indikasi praktik korupsi           and awareness of indications of corrupt practices that can harm
yang dapat merugikan dan mencoreng nama baik Perseroan.             and tarnish the Company’s good name. Throughout 2023, the
Di sepanjang tahun 2023, Perseroan melakukan sosialisasi            Company disseminated anti-corruption regulations and policies
mengenai peraturan dan kebijakan anti korupsi kepada                to employees through dissemination in daily activities.
karyawan melalui sosialiasi di dalam aktivitas sehari-hari.




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Page 180
 Kebijakan Pencegahan Insider Trading dan
 Manajemen Benturan Kepentingan
 Insider Trading Prevention Policy and Conflict-of-Interest
 Management

 Guna mencegah terjadinya insider trading, Perseroan telah           To prevent insider trading from occurring, the Company has a
 memiliki kebijakan pencegahan insider trading yang dimuat           policy to prevent insider trading, specified in the Corporate Policy
 dalam Corporate Policy Manual dan Pedoman Perilaku Perseroan        Manual, Company’s Code of Conduct, and specifically in the
 serta secara khusus berada dalam kebijakan hubungan dengan          policy on relations with Shareholders and/or creditors. In insider
 Pemegang Saham dan/atau kreditur. Dalam kebijakan pencegahan        trading prevention policy, the Company emphasizes the principle
 insider trading, Perseroan menekankan prinsip equitable treatment   of equitable treatment to prevent an asymmetrical information
 agar tidak terjadi penyampaian informasi yang asimetris serta       disclosure, and disclosing information by considering the norms
 pengungkapan informasi dilakukan dengan memperhatikan               of confidentiality and scope of information that can be provided
 norma-norma kerahasiaan serta cakupan informasi yang dapat          to Shareholders.
 diberikan kepada Pemegang Saham.


 Sementara itu dalam manajemen benturan kepentingan,                 In terms of managing conflicts of interest, the Corporate
 Sekretaris Perusahaan membantu dan melakukan pengawasan             Secretary assists and monitors as best as possible to maintain
 semaksimal mungkin untuk menjaga independensi pengambilan           independency in decision-making by the Company’s organs or
 keputusan oleh organ atau komite di Perseroan. Mengacu              committees. Referring to the provisions in the Limited Liability
 pada ketentuan dalam Undang-Undang Perseroan Terbatas               Company Law and the Company’s Articles of Association, parties
 dan Anggaran Dasar Perseroan, pihak yang memiliki benturan          with a conflict of interest must issue a statement and cannot
 kepentingan wajib mengeluarkan pernyataan dan tidak boleh           participate in discussions and/or decision making. The Corporate
 ikut serta dalam pembahasan dan/atau pengambilan keputusan.         Secretary is responsible for maintaining proper processes in
 Sekretaris Perusahaan bertanggung jawab untuk menjaga agar          every matter submitted to the Board of Commissioners, Board
 proses tersebut berjalan dengan baik dalam setiap hal-hal yang      of Directors, and/or committees. Therefore, in the event that one
 diajukan pada rapat Dewan Komisaris, Direksi, dan/atau komite.      party has a conflict of interest, such matter must be documented
 Oleh karenanya, apabila salah satu pihak mempunyai benturan         in detail in the minutes of meeting.
 kepentingan, maka hal tersebut harus didokumentasikan secara
 rinci dalam risalah rapat.




 Kebijakan Seleksi dan Peningkatan
 Kemampuan Pemasok
 Supplier Selection and Capacity Building Policy

 Kebijakan tentang seleksi serta peningkatan kemampuan               Policy on the Company supplier or vendor selection and
 pemasok atau vendor Perseroan dimuat dalam Corporate Policy         capability building is specified in the Corporate Policy Manual
 Manual dan Pedoman Perilaku Perseroan. Kebijakan ini mengatur       and the Company’s Code of Conduct. This policy regulates the
 hal-hal sebagai berikut:                                            following matters:
 1. Seleksi      pemasok,    termasuk       wewenang      dan        1. Selection of supplier, including its authority and delegation,
     pendelegasiannya, dimaksudkan untuk mendapatkan                      is intended to obtain products or services with the best
     produk atau jasa dengan kualitas terbaik dan harga yang              quality and the most favorable price for the Company;
     paling menguntungkan Perseroan;
 2. Secara periodik, Perseroan melakukan kajian kinerja para         2. Periodically, the Company reviews the performance of
     pemasok berdasarkan kriteria teknis dan harga, termasuk            suppliers based on technical and price criteria, including
     mutu pasokan, ketepatan waktu penyerahan, dan layanan              quality of supply, timeliness of delivery, and service for
     bagi permintaan mendadak. Proses kajian kinerja ini                sudden requests. This process of reviewing the performance
     didokumentasikan dan diterapkan dengan konsekuen; serta            is documented and implemented consequently; and
 3. Perseroan memelihara daftar pemasok yang isinya para             3. The Company maintains a list of approved and proven
     pemasok yang disetujui dan terbukti layak.                         eligible suppliers.



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Penerapan atas Pedoman Tata Kelola
Perusahaan Terbuka
Implementation of Public Company Governance Guidelines

Aspek 1: Hubungan Perusahaan Terbuka dengan Pemegang Saham dalam Menjamin Hak-Hak Pemegang Saham
Aspect 1: Relationship between the Public Company and Shareholders in Guaranteeing the Shareholders’ Rights

                                          Prinsip 1: Meningkatkan Nilai Penyelenggaraan RUPS.
                                           Principle 1: Increasing the Value of Convening GMS.

 Rekomendasi 1:                                                     Status dan Penerapan:
 Recommendation 1:                                                  Status and Implementation:
 Perusahaan terbuka memiliki cara atau prosedur teknis              Terpenuhi / Complied
 pengumpulan suara (voting) baik secara terbuka maupun tertutup     Perseroan memiliki prosedur pengumpulan suara dalam RUPS sebagaimana
 yang mengedepankan independensi, dan kepentingan Pemegang          diatur dalam Anggaran Dasar dan Peraturan Perusahaan lainnya terkait tata
 Saham.                                                             tertib rapat yang diinformasikan kepada para Pemegang Saham di awal
 The public company has technical voting methods or procedures,     pelaksanaan RUPS.
 either open or close, prioritizing independence, and interest of   The Company has a procedure for collecting votes at the GMS as regulated in
 Shareholders.                                                      the Articles of Association and other Company Regulations regarding meeting
                                                                    conducts which are informed to Shareholders at the beginning of the GMS.
 Rekomendasi 2:                                                     Status dan Penerapan:
 Recommendation 2:                                                  Status and Implementation:
 Seluruh anggota Direksi dan anggota Dewan Komisaris perusahaan     Terpenuhi / Complied
 terbuka hadir dalam RUPS Tahunan.                                  Terdapat 1 anggota Dewan Komisaris Perseroan yang tidak hadir dalam RUPS
 All members of the Board of Directors and Board of Commissioners   Tahunan. Namun demikian, pemenuhan kewajiban anggota Dewan Komisaris
 of a public company attend the Annual GMS.                         yang tidak hadir dalam RUPS telah dilaksanakan oleh anggota Dewan Komisaris
                                                                    yang hadir.
                                                                    There was 1 member of the Company’s Board of Commissioners who was not
                                                                    present at the Annual GMS. However, the obligations’ fulfillment of the absent
                                                                    member was performed by members of the Board of Commissioners who were
                                                                    present.
 Rekomendasi 3:                                                     Status dan Penerapan:
 Recommendation 3:                                                  Status and Implementation:
 Ringkasan risalah RUPS tersedia dalam situs web perusahaan         Terpenuhi / Complied
 terbuka paling sedikit selama 1 tahun.                             Ringkasan risalah RUPS tersedia di situs web Perseroan sejak tahun 2014.
 The summary of GMS minutes is available on the public company’s    Informasi risalah RUPS tersedia pada situs web Perseroan bagian Investor >
 website for at least 1 year.                                       General Meeting of Shareholders.
                                                                    The summary of GMS minutes has been available on the Company’s website
                                                                    since 2014. Information on GMS minutes is available on the Company’s website
                                                                    in the Investor > General Meeting of Shareholders section.

            Prinsip 2: Meningkatkan Kualitas Komunikasi Perusahaan Terbuka dengan Pemegang Saham atau Investor.
          Principle 2: Increasing the Communication Quality between the Public Company and Shareholders or Investors.
 Rekomendasi 4:                                                     Status dan Penerapan:
 Recommendation 4:                                                  Status and Implementation:
 Perusahaan terbuka memiliki suatu kebijakan komunikasi dengan      Terpenuhi / Complied
 Pemegang Saham atau investor.                                      Kebijakan komunikasi dengan Pemegang Saham atau investor Perseroan
 Publicly company has communication policy with Shareholders or     tertuang dalam Pedoman Perilaku yang tersedia di situs web Perseroan,
 investors.                                                         www.mpmgroup.co.id.
                                                                    The policy on communication with the Company’s Shareholders or investors
                                                                    is specified in the Code of Conduct available on the Company’s website, www.
                                                                    mpmgroup.co.id.
 Rekomendasi 5:                                                     Status dan Penerapan:
 Recommendation 5:                                                  Status and Implementation:
 Perusahaan terbuka mengungkapkan kebijakan komunikasi              Terpenuhi / Complied
 perusahaan terbuka dengan Pemegang Saham atau investor             Pedoman Perilaku yang telah diungkapkan dalam situs web Perseroan
 dalam situs web.                                                   memuat pedoman atau kebijakan mengenai hubungan dengan Pemegang
 Publicly company discloses its policy on communication with        Saham atau pemangku kepentingan lainnya termasuk investor. Selain itu,
 Shareholders or investors on the website.                          situs web Perseroan juga telah memuat nomor telepon, faksimile, dan alamat
                                                                    e-mail sebagai media bagi Pemegang Saham, investor, ataupun pemangku
                                                                    kepentingan lainnya untuk berkomunikasi dengan Perseroan.
                                                                    The Code of Conduct disclosed on the Company’s website contains guidelines
                                                                    or policies regarding relations with Shareholders or other stakeholders, including
                                                                    investors. In addition, the Company’s website also contains phone number,
                                                                    facsimile, and e-mail address as channels for Shareholders, investors, or other
                                                                    stakeholders to communicate with the Company.




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                                                                                                       Laporan Tahunan 2023 Annual Report           179
Page 182
 Aspek 2: Fungsi dan Peran Dewan Komisaris
 Aspect 2: Function and Role of the Board of Commissioners

                                  Prinsip 3: Memperkuat Keanggotaan dan Komposisi Dewan Komisaris.
                      Principle 3: Strengthening the Membership and Composition of the Board of Commissioners.

  Rekomendasi 6:                                                      Status dan Penerapan:
  Recommendation 6:                                                   Status and Implementation:
  Penentuan jumlah anggota Dewan Komisaris mempertimbangkan           Terpenuhi / Complied
  kondisi perusahaan terbuka.                                         Jumlah anggota Dewan Komisaris telah mempertimbangkan kondisi Perseroan
  Determination of the number of members of the Board of              saat ini dan rencana pengembangan usaha yang akan dilaksanakan.
  Commissioners considers the condition of the public company.        The number of members of the Board of Commissioners has considered
                                                                      the Company’s current condition and business development plans to be
                                                                      implemented.
  Rekomendasi 7:                                                      Status dan Penerapan:
  Recommendation 7:                                                   Status and Implementation:
  Penentuan komposisi anggota Dewan Komisaris memperhatikan           Terpenuhi / Complied
  keberagaman keahlian, pengetahuan, dan pengalaman yang              Sebagaimana tercantum dalam Pedoman Dewan Komisaris, penentuan
  dibutuhkan.                                                         komposisi anggota Dewan Komisaris telah memperhatikan keberagaman,
  Determination of the composition of the Board of Commissioners      keahlian, pengetahuan, dan pengalaman yang dibutuhkan untuk menjalankan
  considers the diversity of expertise, knowledge, and experience     fungsi pengawasan terhadap Direksi secara menyeluruh. Keberagaman pada
  required.                                                           komposisi Dewan Komisaris Perseroan tersebut dapat dilihat pada Profil
                                                                      Dewan Komisaris.
                                                                      As specified in the Board of Commissioners Charter, determination of the
                                                                      composition of the Board of Commissioners has considered diversity of
                                                                      expertise, knowledge, and experience required to perform the overall supervisory
                                                                      function to the Board of Directors. Diversity in the composition of the Company’s
                                                                      Board of Commissioners can be seen in the Board of Commissioners’ Profile.

                     Prinsip 4: Meningkatkan Kualitas Pelaksanaan Tugas dan Tanggung Jawab Dewan Komisaris.
         Principle 4: Increasing the Quality of Implementation of Duties and Responsibilities of the Board of Commissioners.

  Rekomendasi 8:                                                      Status dan Penerapan:
  Recommendation 8:                                                   Status and Implementation:
  Dewan Komisaris mempunyai kebijakan penilaian sendiri (self-        Terpenuhi / Complied
  assessment) untuk menilai kinerja Dewan Komisaris.                  Sebagaimana tercantum dalam Pedoman Dewan Komisaris, Dewan Komisaris
  The Board of Commissioners has a self-assessment policy to          telah memiliki kebijakan self-assessment yang dilaksanakan secara konsisten
  assess the performance of the Board of Commissioners.               setiap tahun.
                                                                      As specified in the Board of Commissioners’ Charter, the Board of Commissioners
                                                                      has a self-assessment policy, which is implemented consistently every year.
  Rekomendasi 9:                                                      Status dan Penerapan:
  Recommendation 9:                                                   Status and Implementation:
  Kebijakan penilaian sendiri (self-assessment) untuk menilai         Terpenuhi / Complied
  kinerja Dewan Komisaris, diungkapkan melalui Laporan Tahunan        Pelaksanaan self-assessment kinerja Dewan Komisaris telah diungkapkan
  perusahaan terbuka.                                                 dalam pembahasan Tata Kelola Perusahaan ini.
  The self-assessment policy to assess the performance of the         The self-assessment implementation of the Board of Commissioners’ performance
  Board of Commissioners is disclosed in the public company’s         has been disclosed in the discussion of this Corporate Governance.
  Annual Report.
  Rekomendasi 10:                                                     Status dan Penerapan:
  Recommendation 10:                                                  Status and Implementation:
  Dewan Komisaris mempunyai kebijakan terkait pengunduran             Terpenuhi / Complied
  diri anggota Dewan Komisaris apabila terlibat dalam kejahatan       Sebagaimana tercantum dalam Pedoman Dewan Komisaris, Dewan Komisaris
  keuangan.                                                           telah memiliki kebijakan terkait pengunduran diri anggota Dewan Komisaris
  The Board of Commissioners has a policy regarding the resignation   apabila terlibat dalam kejahatan keuangan.
  of members of the Board of Commissioners if involved in financial   As specified in the Board of Commissioners’ Charter, the Board of Commissioners
  crimes.                                                             has a policy regarding the resignation of members of the Board of Commissioners
                                                                      if involved in financial crimes.
  Rekomendasi 11:                                                     Status dan Penerapan:
  Recommendation 11:                                                  Status and Implementation:
  Dewan Komisaris atau komite yang menjalankan fungsi nominasi        Terpenuhi / Complied
  dan remunerasi menyusun kebijakan suksesi dalam proses              Perseroan telah memiliki Komite Nominasi dan Remunerasi yang berfungsi dan
  nominasi anggota Direksi.                                           bertanggung jawab dalam menyusun kebijakan suksesi dalam proses nominasi
  The Board of Commissioners or committee performing                  anggota Direksi.
  nomination and remuneration function prepares a succession          The Company has a Nomination and Remuneration Committee functioning to
  policy for nominating members of the Board of Directors.            and responsible for making a succession policy for nominating members of the
                                                                      Board of Directors.




         PT Mitra Pinasthika Mustika Tbk
180      Laporan Tahunan 2023 Annual Report
Page 183
                                                                                                                                  Tata Kelola Perusahaan
                                                                                                                             Good Corporate Governance




Aspek 3: Fungsi dan Peran Direksi
Aspect 3: Function and Role of the Board of Directors

                                       Prinsip 5: Memperkuat Keanggotaan dan Komposisi Direksi.
                         Principle 5: Strengthening the Membership and Composition of the Board of Directors.

 Rekomendasi 12:                                                      Status dan Penerapan:
 Recommendation 12:                                                   Status and Implementation:
 Penentuan jumlah anggota Direksi mempertimbangkan kondisi            Terpenuhi / Complied
 perusahaan terbuka serta efektivitas dalam pengambilan               Jumlah anggota Direksi telah mempertimbangkan kondisi Perseroan saat ini
 keputusan.                                                           dan rencana pengembangan usaha yang akan dilaksanakan.
 Determination of the number of members of the Board of Directors     The number of members of the Board of Directors has considered the Company’s
 considers the condition of the public company and effectiveness      current condition and business development plans to be implemented.
 in decision making.
 Rekomendasi 13:                                                      Status dan Penerapan:
 Recommendation 13:                                                   Status and Implementation:
 Penentuan   komposisi  anggota    Direksi memperhatikan,             Terpenuhi / Complied
 keberagaman keahlian, pengetahuan, dan pengalaman yang               Sebagaimana tercantum dalam Pedoman Direksi, penentuan komposisi
 dibutuhkan.                                                          anggota Direksi telah memperhatikan keberagaman, keahlian, pengetahuan,
 Determination of the composition of the Board of Directors           dan pengalaman yang dibutuhkan untuk menjalankan Perseroan. Keberagaman
 considers the diversity of expertise, knowledge, and experience      pada komposisi Direksi Perseroan tersebut dapat dilihat pada Profil Direksi.
 required.                                                            As specified in the Board of Directors Charter, determination of the composition
                                                                      of the Board of Directors has considered diversity of expertise, knowledge, and
                                                                      experience required to run the Company. Diversity in the composition of the
                                                                      Company’s Board of Directors can be seen in the Board of Directors’ Profile.
 Rekomendasi 14:                                                      Status dan Penerapan:
 Recommendation 14:                                                   Status and Implementation:
 Anggota Direksi yang membawahi bidang akuntansi atau keuangan        Terpenuhi / Complied
 memiliki keahlian dan/atau pengetahuan di bidang akuntansi.          Anggota Direksi yang bertanggung jawab terhadap akuntansi dan keuangan
 Members of the Board of Directors in charge of accounting or         telah memiliki pengetahuan dan pengalaman di bidang tersebut.
 finance have expertise and/or knowledge in accounting.               Members of the Board of Directors in charge of accounting and finance have
                                                                      knowledge and experience in such fields.

                          Prinsip 6: Meningkatkan Kualitas Pelaksanaan Tugas dan Tanggung Jawab Direksi.
            Principle 6: Increasing the Quality of Implementation of Duties and Responsibilities of the Board of Directors.

 Rekomendasi 15:                                                      Status dan Penerapan:
 Recommendation 15:                                                   Status and Implementation:
 Direksi mempunyai kebijakan penilaian sendiri (self-assessment)      Terpenuhi / Complied
 untuk menilai kinerja Direksi.                                       Sebagaimana tercantum dalam Pedoman Direksi, Direksi telah memiliki
 The Board of Directors has a self-assessment policy to assess the    kebijakan self-assessment yang dilaksanakan secara konsisten setiap tahun.
 performance of the Board of Directors.                               As specified in the Board of Directors’ Charter, the Board of Directors has a self-
                                                                      assessment policy, which is implemented consistently every year.
 Rekomendasi 16:                                                      Status dan Penerapan:
 Recommendation 16:                                                   Status and Implementation:
 Kebijakan penilaian sendiri (self-assessment) untuk menilai          Terpenuhi / Complied
 kinerja Direksi diungkapkan melalui Laporan Tahunan perusahaan       Pelaksanaan self-assessment kinerja Direksi telah diungkapkan dalam
 terbuka.                                                             pembahasan Tata Kelola Perusahaan ini.
 The self-assessment policy to assess the performance of the          The self-assessment implementation of the Board of Directors’ performance has
 Board of Directors is disclosed in the public company’s Annual       been disclosed in the discussion of this Corporate Governance.
 Report.
 Rekomendasi 17:                                                      Status dan Penerapan:
 Recommendation 17:                                                   Status and Implementation:
 Direksi mempunyai kebijakan terkait pengunduran diri anggota         Terpenuhi / Complied
 Direksi apabila terlibat dalam kejahatan keuangan.                   Sebagaimana tercantum dalam Pedoman Direksi, Direksi telah memiliki
 The Board of Directors has a policy regarding the resignation of     kebijakan terkait pengunduran diri anggota Direksi apabila terlibat dalam
 members of the Board of Directors if involved in financial crimes.   kejahatan keuangan.
                                                                      As specified in the Board of Directors’ Charter, the Board of Directors has a policy
                                                                      regarding the resignation of members of the Board of Directors if involved in
                                                                      financial crimes.




                                                                                                              PT Mitra Pinasthika Mustika Tbk
                                                                                                          Laporan Tahunan 2023 Annual Report            181
Page 184
 Aspek 4: Partisipasi Pemangku Kepentingan
 Aspect 4: Stakeholders’ Participation

                   Prinsip 7: Meningkatkan Aspek Tata Kelola Perusahaan melalui Partisipasi Pemangku Kepentingan.
                      Principle 7: Increasing the Corporate Governance Aspect through Stakeholders’ Participation.

  Rekomendasi 18:                                                      Status dan Penerapan:
  Recommendation 18:                                                   Status and Implementation:
  Perusahaan terbuka memiliki kebijakan untuk mencegah terjadinya      Terpenuhi / Complied
  insider trading.                                                     Kebijakan terkait pencegahan insider trading telah dimuat dalam Corporate
  Public company has a policy to prevent insider trading.              Policy Manual dan Pedoman Perilaku Perseroan serta secara khusus berada
                                                                       dalam kebijakan hubungan dengan Pemegang Saham dan/atau kreditur.
                                                                       Kebijakan untuk mencegah terjadinya insider trading ini telah diungkapkan
                                                                       dalam situs web Perseroan, www.mpmgroup.co.id.
                                                                       Policy to prevent insider trading is specified in the Corporate Policy Manual,
                                                                       Company’s Code of Conduct, and specifically in the policy on relations with
                                                                       Shareholders and/or creditors. This policy to prevent insider trading has been
                                                                       disclosed on the Company’s website, www.mpmgroup.co.id.
  Rekomendasi 19:                                                      Status dan Penerapan:
  Recommendation 19:                                                   Status and Implementation:
  Perusahaan terbuka memiliki kebijakan anti korupsi dan anti fraud.   Terpenuhi / Complied
  Public company has anti-corruption and anti-fraud policy.            Kebijakan terkait anti korupsi dan anti fraud telah dimuat dalam Corporate
                                                                       Policy Manual dan Pedoman Perilaku Perseroan. Kebijakan tersebut telah
                                                                       diungkapkan dalam situs web Perseroan, www.mpmgroup.co.id.
                                                                       Policy related to anti-corruption and anti-fraud is specified in the Corporate Policy
                                                                       Manual and the Company’s Code of Conduct. Such policy has been disclosed on
                                                                       the Company’s website, www.mpmgroup.co.id.
  Rekomendasi 20:                                                      Status dan Penerapan:
  Recommendation 20:                                                   Status and Implementation:
  Perusahaan terbuka memiliki kebijakan tentang seleksi dan            Terpenuhi / Complied
  peningkatan kemampuan pemasok atau vendor.                           Kebijakan tentang seleksi dan peningkatan kemampuan pemasok atau vendor
  Public company has a policy on supplier or vendor selection and      telah dimuat dalam Corporate Policy Manual dan Pedoman Perilaku Perseroan.
  capacity building.                                                   Kebijakan tersebut telah diungkapkan dalam situs web Perseroan, www.
                                                                       mpmgroup.co.id.
                                                                       Policy on supplier or vendor selection and capacity building is specified in the
                                                                       Corporate Policy Manual and the Company’s Code of Conduct. Such policy has
                                                                       been disclosed on the Company’s website, www.mpmgroup.co.id.
  Rekomendasi 21:                                                      Status dan Penerapan:
  Recommendation 21:                                                   Status and Implementation:
  Perusahaan terbuka memiliki kebijakan tentang pemenuhan hak-         Terpenuhi / Complied
  hak kreditur.                                                        Kebijakan tentang pemenuhan hak-hak kreditur telah dimuat dalam Corporate
  Public company has a policy on fulfillment of creditor rights.       Policy Manual dan Pedoman Perilaku Perseroan. Kebijakan tersebut telah
                                                                       diungkapkan dalam situs web Perseroan, www.mpmgroup.co.id.
                                                                       Policy on fulfillment of creditor rights is specified in the Corporate Policy Manual
                                                                       and the Company’s Code of Conduct. Such policy has been disclosed on the
                                                                       Company’s website, www.mpmgroup.co.id.
  Rekomendasi 22:                                                      Status dan Penerapan:
  Recommendation 22:                                                   Status and Implementation:
  Perusahaan terbuka memiliki kebijakan WBS.                           Terpenuhi / Complied
  Public company has a WBS policy.                                     Perseroan telah memiliki kebijakan WBS sebagaimana diuraikan dalam
                                                                       pembahasan Tata Kelola Perusahaan ini dan diungkapkan dalam situs web
                                                                       Perseroan, www.mpmgroup.co.id.
                                                                       The Company has a WBS policy as outlined in the discussion of this Corporate
                                                                       Governance and disclosed on the Company’s website, www.mpmgroup.co.id.
  Rekomendasi 23:                                                      Status dan Penerapan:
  Recommendation 23:                                                   Status and Implementation:
  Perusahaan terbuka memiliki kebijakan pemberian insentif jangka      Terpenuhi / Complied
  panjang kepada Direksi dan karyawan.                                 Perseroan memiliki kebijakan pemberian insentif jangka panjang kepada Direksi
  Public company has a policy on granting long-term incentives to      dan/atau personel manajemen inti serta telah diungkapkan dalam Laporan
  the Board of Directors and employees.                                Tahunan ini. Namun demikian, Perseroan belum memiliki program insentif
                                                                       jangka panjang untuk karyawan.
                                                                       The Company has a policy on granting long-term incentives to the Board of
                                                                       Directors and/or key management personnel. This policy has been disclosed
                                                                       in this Annual Report.However, the Company does not yet have a long-term
                                                                       incentive program for employees.




         PT Mitra Pinasthika Mustika Tbk
182      Laporan Tahunan 2023 Annual Report
Page 185
                                                                                                                               Tata Kelola Perusahaan
                                                                                                                           Good Corporate Governance




Aspek 5: Keterbukaan Informasi
Aspect 5: Information Disclosure

                                       Prinsip 8: Meningkatkan Pelaksanaan Keterbukaan Informasi.
                                   Principle 8: Increasing the Implementation of Information Disclosure.

 Rekomendasi 24:                                                        Status dan Penerapan:
 Recommendation 24:                                                     Status and Implementation:
 Perusahaan terbuka memanfaatkan penggunaan teknologi                   Terpenuhi / Complied
 informasi secara lebih luas selain situs web sebagai media             Perseroan telah memanfaatkan penggunaan teknologi informasi secara
 keterbukaan informasi.                                                 luas selain situs web Perseroan sebagai media keterbukaan informasi yaitu
 Public company utilizes information technology more widely than        penyediaan fasilitas web conference atau telekonferensi untuk diakses
 websites as a channel for information disclosure.                      oleh investor saat diadakannya investor gathering atau pertemuan dengan
                                                                        investor relations.
                                                                        The Company has utilized the wider use of information technology other than
                                                                        the Company’s website as a channel for information disclosure, i.e. making web
                                                                        conferences or teleconference facilities accessible to investors when holding
                                                                        investor gatherings or meetings with investor relations.
 Rekomendasi 25:                                                        Status dan Penerapan:
 Recommendation 25:                                                     Status and Implementation:
 Laporan Tahunan perusahaan terbuka mengungkapkan pemilik               Terpenuhi / Complied
 manfaat akhir dalam kepemilikan saham perusahaan terbuka               Perseroan telah mengungkapkan pemilik manfaat pada situs web dan Laporan
 paling sedikit 5%, selain pengungkapan pemilik manfaat akhir           Tahunan ini.
 dalam kepemilikan saham perusahaan terbuka melalui Pemegang            The Company has disclosed the beneficial owner in the website and in this
 Saham Utama dan Pengendali.                                            Annual Report.
 The Annual Report of a public company discloses the ultimate
 beneficial owner in its share ownership of at least 5%, in addition
 to disclosing the ultimate beneficial owner in its share ownership
 through the Main and Controlling Shareholders.




Pernyataan dan Praktik Bad Corporate Governance
Statement and Practices of Bad Corporate Governance

Pada tahun 2023, Perseroan tidak melakukan tindakan                             In 2023, the Company did not carry out any action or policy related
ataupun kebijakan yang berkaitan dengan praktik bad corporate                   to bad corporate governance practices in line with the Company’s
governance selaras dengan upaya Perseroan untuk menerapkan                      efforts to implement GCG, as shown in the following table:
GCG, sebagaimana yang ditunjukkan pada tabel berikut:


                                                       Uraian                                                                      Praktik
                                                     Description                                                                   Practice

 Adanya laporan sebagai perusahaan yang mencemari lingkungan.
                                                                                                                                       ×
 There is a report stating that the company pollutes the environment.
 Perkara penting yang sedang dihadapi oleh Perseroan, Entitas Anak, anggota Direksi dan/atau anggota Dewan
 Komisaris yang sedang menjabat tidak diungkapkan dalam Laporan Tahunan.
                                                                                                                                       ×
 Significant cases faced by the Company, its Subsidiaries, its members of the Board of Directors, and/or members of the
 Board of Commissioners currently serving are not disclosed in the Annual Report.
 Ketidakpatuhan dalam pemenuhan kewajiban perpajakan.
                                                                                                                                       ×
 Non-compliance in fulfilling tax obligations.
 Ketidaksesuaian penyajian Laporan Tahunan dan Laporan Keuangan dengan peraturan yang berlaku dan Standar
 Akuntasi Keuangan.
                                                                                                                                       ×
 The presentation of the Annual Report and Financial Statements are inconsistent with the applicable regulations and
 the Financial Accounting Standards.
 Kasus terkait buruh dan karyawan.
                                                                                                                                       ×
 Cases related to labor and employees.
 Tidak terdapat pengungkapan segmen operasi pada perusahaan terbuka.
                                                                                                                                       ×
 No disclosure of operating segments in public companies.
 Terdapat ketidaksesuaian antara Laporan Tahunan hard copy dengan Laporan Tahunan soft copy.
                                                                                                                                       ×
 Discrepancies between the hard copy Annual Report and the soft copy Annual Report.




                                                                                                             PT Mitra Pinasthika Mustika Tbk
                                                                                                         Laporan Tahunan 2023 Annual Report         183
Page 186
 TANGGUNG JAWAB SOSIAL
 DAN LINGKUNGAN HIDUP
 Environmental and Social
 Responsibility




      PT Mitra Pinasthika Mustika Tbk
184   Laporan Tahunan 2023 Annual Report
Page 187
                                                                                                       Tanggung Jawab Sosial dan Lingkungan
                                                                                                       Environmental and Social Responsibility




Tanggung Jawab Sosial dan Lingkungan Hidup
Environmental and Social Responsibility




Perseroan memperkuat upaya proaktif untuk meminimalisir dampak         The Company strengthens its proactive efforts to minimize
negatif dan beradaptasi dalam menghadapi isu keberlanjutan,            negative impacts and adapt to face sustainability issues,
khususnya perubahan iklim. Sejak tahun 2021, Perseroan telah           especially climate change. Since 2021, the Company has
menyusun strategi keberlanjutan yaitu #Smart&Embrace, sejak            developed a sustainability strategy, namely #Smart&Embrace.
itu MPM meneguhkan perjalanan untuk terus tumbuh secara                Since then, MPM have confirmed our journey to continue to grow
bertanggung jawab di seluruh lini bisnis Perseroan.                    responsibly in all of the Company’s business lines.


Strategi #Smart&Embrace merupakan bentuk dukungan                      The #Smart&Embrace strategy is a form of the Company’s
Perseroan terhadap pencapaian agenda global 2030, Sustainable          support for achieving the 2030 global agenda, Sustainable
Development Goals (SDGs). Perseroan telah mengidentifikasi             Development Goals (SDGs). The Company have identified and
dan memetakan tujuan serta target yang relevan dengan                  mapped goals and targets that are relevant to the Company’s
konteks keberlanjutan Perseroan dan memiliki peluang besar             sustainability context and bring great opportunity for MPM to
bagi MPM untuk memberikan manfaat secara signifikan melalui            provide significant benefits through the scope and reach of the
ruang lingkup dan jangkauan kegiatan operasional Perseroan,            Company’s operational activities, which are shown as follows:
yang ditunjukkan sebagai berikut:




                                                Menjalankan kegiatan usaha yang ramah lingkungan dengan mengelola
                                                dampak lingkungan yang diakibatkan dari operasional dan produk secara
                                                lebih bertanggung jawab.
                                                Carrying out environmental-friendly business activities by managing
                                                environmental impacts resulting from operations and products more
                                                responsibly.

                                                                                         Tujuan:
                                                                                         Goals:




       Smart Mobility to
       Embrace a Better                     Upaya meminimalkan dampak aktivitas bisnis terhadap kelestarian lingkungan hidup termasuk
         Environment                        mendukung mitigasi dampak perubahan iklim dan mengimplementasikan praktik-praktik terbaik
                                            untuk mewujudkan kelestarian.
                                            The efforts to minimize the impact of business activities on environmental preservation that include
                                            supporting mitigation of climate change impacts and implementing best practices to achieve
                                            sustainability.




                                                                                                     PT Mitra Pinasthika Mustika Tbk
                                                                                                 Laporan Tahunan 2023 Annual Report         185
Page 188
                                                 Perseroan dikenal sebagai perusahaan yang menjalankan bisnis berkelanjutan
                                                 dan menjadi referensi dalam memenuhi kebutuhan transportasi yang cerdas
                                                 bagi masyarakat di mana kami beroperasi.”
                                                 The Company is known as a company that runs a sustainable business and is
                                                 a reference in fulfilling smart transportation needs of the communities where
                                                 we operate.”


                                                                                        Tujuan:
                                                                                        Goals:

                                                            Meningkatkan reputasi dan branding Perseroan sebagai perusahaan yang

       Smart Mobility to                                    menjalankan usaha berkelanjutan sekaligus untuk memastikan keberlangsungan
                                                            usaha seluruh Grup MPM.
      Embrace Sustainable                                   Boost the Company’s reputation and branding as a company that runs a sustainable
           Business                                         business as well as ensuring the entire MPM Group’s business continuity.




                                                 Tidak sebatas memberikan lingkungan kerja yang aman dan kondusif tetapi
                                                 mendorong pengembangan dan aktualisasi diri dalam performa sosial di internal
                                                 maupun eksternal perusahaan (purposeful, values-driven work environment).”
                                                 Not limited to providing a safe and vibrant workplace but encouraging
                                                 development and self-actualization in social performance both internally and
                                                 externally in the Company (purposeful, values-driven work environment).”


                                                                                        Tujuan:
                                                                                        Goals:



        Smart Mobility to
       Embrace Employee
          Well-Being                         Menciptakan lingkungan kerja yang bernilai untuk meningkatkan rasa keterikatan karyawan terhadap
                                             perusahaan.
                                             Creating a valuable work environment to foster employees’ sense of engagement to the Company.




                                                 Mengangkat standar kesejahteraan bagi ribuan masyarakat di mana Perseroan
                                                 beroperasi terutama dalam 4 bidang utama yaitu pendidikan, ekonomi,
                                                 lingkungan, dan sosial.
                                                 Improve welfare standards for thousands of communities where the Company
                                                 operates, especially in 4 main aspects, which are education, economics,
                                                 environment, and social.


                                                                                        Tujuan:
                                                                                        Goals:



       Smart Mobility to
      Embrace Community
          Well-Being                         Meningkatkan standar kesejahteraan masyarakat.
                                             Improving community welfare standards.




      Informasi lebih lengkap terkait tanggung jawab sosial dan lingkungan hidup perusahaan disajikan secara terpisah dalam
                                   Laporan Keberlanjutan PT Mitra Pinasthika Mustika Tbk 2023.
       More complete information on corporate social and environmental responsibility is presented separately in the 2023
                                  Sustainability Report of PT Mitra Pinasthika Mustika Tbk.



        PT Mitra Pinasthika Mustika Tbk
186     Laporan Tahunan 2023 Annual Report
Page 189
LAPORAN KEUANGAN
KONSOLIDASIAN
Consolidated Financial Statements




                             PT Mitra Pinasthika Mustika Tbk
                         Laporan Tahunan 2023 Annual Report    187
Page 190
PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES



           LAPORAN KEUANGAN KONSOLIDASIAN/
          CONSOLIDATED FINANCIAL STATEMENTS


              31 DESEMBER 2023 DAN 2022/
              31 DECEMBER 2023 AND 2022
Page 191
               PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                 PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES




DAFTAR ISI/CONTENTS                                                                                 Halaman/Page



SURAT PERNYATAAN DIREKSI TENTANG TANGGUNG JAWAB/
  DIRECTORS’ STATEMENT OF RESPONSIBILITIES

LAPORAN POSISI KEUANGAN KONSOLIDASIAN
  TANGGAL 31 DESEMBER 2023 DAN 2022/
  CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
  AS OF 31 DESEMBER 2023 AND 2022 ------------------------------------------------------------              1-2

LAPORAN LABA RUGI DAN PENGHASILAN KOMPREHENSIF
  LAIN KONSOLIDASIAN UNTUK TAHUN BERAKHIR
  31 DESEMBER 2023 DAN 2022/
  CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND
  OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED
  31 DESEMBER 2023 AND 2022 ---------------------------------------------------------------------           3-4

LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN
  UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022/
  CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
  FOR THE YEAR ENDED 31 DESEMBER 2023 AND 2022 -------------------------------------                        5-6

LAPORAN ARUS KAS KONSOLIDASIAN
  UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022/
  CONSOLIDATED STATEMENTS OF CASH FLOWS
  FOR THE YEAR ENDED 31 DESEMBER 2023 AND 2022 -------------------------------------                        7-8

CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
  UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022/
  NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
  31 DESEMBER 2023 AND 31 DECEMBER 2022 -------------------------------------------------                  9 - 70
Page 192

          
Page 193
                     PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                       PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
             LAPORAN POSISI KEUANGAN KONSOLIDASIAN TANGGAL 31 DESEMBER 2023 DAN 2022/
             CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AS OF 31 DECEMBER 2023 AND 2022
               (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

                                            Catatan/      31 Desember/December
ASET                                         Notes        2023            2022                                         ASSETS

ASET LANCAR                                                                                                 CURRENT ASSETS
  Kas dan setara kas                           4           1.712.089         1.998.974                Cash and cash equivalents
  Piutang usaha                                5             240.350           224.618                        Trade receivables
  Piutang premi                                              187.360           112.892                     Premium receivables
  Piutang nonusaha                                            57.944            35.764                   Non-trade receivables
  Persediaan                                   6             275.234           368.821                              Inventories
  Investasi di surat berharga                  7             874.704           791.218                  Investment in securities
  Pajak pertambahan nilai dibayar di muka                        141             7.944                 Prepaid value added tax
  Pembayaran di muka lainnya                                 111.668           105.141                      Other prepayments
JUMLAH ASET LANCAR                                         3.459.490         3.645.372               TOTAL CURRENT ASSETS

ASET TIDAK LANCAR                                                                                      NON-CURRENT ASSETS
  Aset tetap, neto                            11             869.496           827.539                         Fixed assets, net
  Aset hak-guna, neto                                         18.281            17.329                  Right-of-use assets, net
  Deposit jaminan                             10             984.896           946.485                      Guarantee deposits
  Aset reasuransi                             17             893.016           914.203                      Reinsurance assets
  Piutang pinjaman                                                 -           188.525                         Loan receivable
  Investasi di surat berharga                  7             287.244           311.076                  Investment in securities
  Pajak penghasilan yang dapat
    dikembalikan                                              20.969            19.519                  Refundable income tax
  Aset pajak tangguhan                        8f              54.327            48.546                      Deferred tax assets
  Aset takberwujud                            12              99.482            93.078                        Intangible assets
  Investasi pada entitas asosiasi             9            1.906.883         1.874.424                Investments in associates
  Aset tidak lancar lainnya                                    4.942             3.722                Other non-current assets
JUMLAH ASET TIDAK LANCAR                                   5.139.536         5.244.446          TOTAL NON-CURRENT ASSETS

JUMLAH ASET                                                8.599.026         8.889.818                          TOTAL ASSETS




Lihat Catatan atas Laporan Keuangan Kosolidasian, yang           See Notes to the Consolidated Financial Statements, which
merupakan bagian tidak terpisahkan dari laporan                  form an integral part of these consolidated financial
keuangan konsolidasian ini.                                      statements.




                                                                                                                            1
Page 194
                      PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                        PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
        LAPORAN POSISI KEUANGAN KONSOLIDASIAN TANGGAL 31 DESEMBER 2023 DAN 2022 (Lanjutan)/
       CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AS OF 31 DECEMBER 2023 AND 2022 (Continued)
             (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

                                             Catatan/    31 Desember/December
LIABILITAS DAN EKUITAS                        Notes     2023              2022                   LIABILITIES AND EQUITY

LIABILITAS JANGKA PENDEK                                                                            CURRENT LIABILITIES

  Utang bank jangka pendek                     13           7.428            7.248)                    Short-term bank loans
  Utang usaha                                  14         675.429          941.431)                            Trade payables
  Utang pajak penghasilan                      8a          17.575           25.423)                       Income tax payables
  Utang pajak lainnya                          8b          44.444           32.715)                         Other tax payables
  Utang reasuransi                                        116.023           49.229)                     Reinsurance payables
  Utang lainnya                                15         104.855          104.755)                             Other payables
  Pendapatan yang ditangguhkan                 17         166.766          119.658)                         Unearned revenue
  Estimasi liabilitas klaim                    18         500.768          475.270)               Estimated claims liabilities
  Beban akrual                                 16         206.304          173.997)                          Accrued expenses
  Liabilitas sewa – bagian jangka pendek                    5.000            6.380)         Lease liabilities – current portion
JUMLAH LIABILITAS JANGKA
  PENDEK                                                1.844.592         1.936.106)       TOTAL CURRENT LIABILITIES

LIABILITAS JANGKA PANJANG                                                                     NON-CURRENT LIABILITIES

  Pendapatan ditangguhkan                      17         586.015          659.145)                         Unearned revenue
  Liabilitas pajak tangguhan                   8f           5.445                -                      Deferred tax liabilities
  Liabilitas opsi jual                         20          10.542           73.010)                         Put option liability
  Liabilitas imbalan kerja                     19          37.225           33.411)              Employee benefits liabilities
  Liabilitas sewa – bagian jangka panjang                   3.294              903)    Lease liabilities – non-current portion
JUMLAH LIABILITAS JANGKA                                                                              TOTAL NON-CURRENT
  PANJANG                                                 642.521          766.469)                           LIABILITIES

JUMLAH LIABILITAS                                       2.487.113         2.702.575)                    TOTAL LIABILITIES

EKUITAS                                                                                                                EQUITY

                                                                                                 Share capital at par value of
  Modal saham dengan nilai nominal                                                     Rp 500 (in whole Rupiah) per share:
    Rp 500 (dalam Rupiah penuh) per saham:                                                             Authorized capital -
    Modal dasar - 10.000.000.000 saham                                                            10,000,000,000 shares
    Modal ditempatkan dan disetor -                                                            Issued and paid-up capital -
      4.462.963.276 saham                      21a      2.231.482         2.231.482)               4,462,963,276 shares
  Tambahan modal disetor                       22       1.500.259         1.503.664)                Additional paid-in capital
  Saham tresuri                                21b        (88.887)         (100.778)                          Treasury stocks
  Komponen ekuitas lainnya                     29        (452.823)         (435.287)                 Other equity components
  Saldo laba:                                                                                              Retained earnings:
    Telah ditentukan penggunaannya             21c        135.298           125.298)                           Appropriated
    Belum ditentukan penggunaannya                      2.786.531         2.862.814)                        Unappropriated
  Ekuitas yang dapat diatribusikan kepada                                                    Equity attributable to owners of
    pemilik entitas induk                               6.111.860         6.187.193)                          the Company
  Kepentingan nonpengendali                                    53                50)                 Non-controlling interests
JUMLAH EKUITAS                                          6.111.913         6.187.243)                         TOTAL EQUITY

JUMLAH LIABILITAS DAN EKUITAS                           8.599.026         8.889.818)    TOTAL LIABILITIES AND EQUITY




Lihat Catatan atas Laporan Keuangan Kosolidasian, yang       See Notes to the Consolidated Financial Statements, which
merupakan bagian tidak terpisahkan dari laporan              form an integral part of these consolidated financial
keuangan konsolidasian ini.                                  statements.




                                                                                                                              2
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                        PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                          PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                  LAPORAN LABA RUGI DAN PENGHASILAN KOMPREHENSIF LAIN KONSOLIDASIAN
                               UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022/
                CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
                                  FOR THE YEARS ENDED 31 DECEMBER 2023 AND 2022
                 (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

                                                              Tahun berakhir 31 Desember/
                                                   Catatan/     Years ended 31 December
                                                    Notes       2023              2022
OPERASI YANG DILANJUTKAN                                                                              CONTINUING OPERATIONS
Pendapatan neto                                      23        13.859.071       12.742.854)                        Net revenues
Biaya pokok pendapatan                               24       (12.643.838)     (11.655.407)                     Cost of revenues

LABA BRUTO                                                      1.215.233        1.087.447)                          GROSS PROFIT

Beban usaha                                          25          (894.149)        (776.324)                        Operating expenses
Pendapatan lainnya                                   26           177.728          218.181)                             Other income
Beban lainnya                                                     (21.095)          (4.149)                           Other expenses

LABA USAHA                                                        477.717          525.155)                   OPERATING PROFIT

Pendapatan keuangan                                               111.397          101.162)                        Finance income
Biaya keuangan                                                     (1.609)          (1.729)                          Finance costs
PENDAPATAN KEUANGAN NETO                                          109.788           99.433)                NET FINANCE INCOME

Bagian atas laba entitas asosiasi                     9            45.977)          62.922                Share of profit of associates

LABA SEBELUM PAJAK                                                633.482          687.510)                  PROFIT BEFORE TAX

Beban pajak penghasilan                             8c,8d        (109.753)        (118.685)                        Income tax expense

LABA NETO DARI OPERASI YANG                                                                               NET PROFIT FROM
 DILANJUTKAN                                                      523.729          568.825)       CONTINUING OPERATIONS

LABA NETO DARI OPERASI YANG                                                                               NET PROFIT FROM
  DIHENTIKAN                                         31             1.909)          92.923)    DISCONTINUED OPERATIONS

LABA TAHUN BERJALAN                                               525.638)         661.748)                PROFIT FOR THE YEAR

PENGHASILAN KOMPREHENSIF LAIN,                                                                           OTHER COMPREHENSIVE
 SETELAH PAJAK PENGHASILAN:                                                                     INCOME, NET OF INCOME TAX:
 Pos yang tidak akan direklasifikasi ke                                                           Item that will not be reclassified to
   laba rugi                                                                                                            profit or loss
   Pengukuran kembali program                                                                           Remeasurements of defined
     imbalan pasti                                                 (1.959)            (709)                        benefit liability
   Pengukuran kembali program imbalan pasti                                                     Remeasurements of defined benefit
     dari entitas asosiasi                                           (501)           2.429)              liability from associates
 Pos-pos yang akan direklasifikasi ke                                                                Items that will be reclassified to
   laba rugi                                                                                                            profit or loss
   Perubahan nilai wajar neto dari lindung nilai                                                        Net changes in fair value of
     atas arus kas dari entitas asosiasi             29              (897)          23.080)    cash flows hedges from associate
   Perubahan nilai wajar aset diukur pada nilai                                                  Net changes in fair value of assets
     wajar melalui penghasilan komprehensif                                                       measured at fair value through
     lain                                                          (1.014)            954)           other comprehensive income
 Jumlah penghasilan komprehensif lain,                                                           Total other comprehensive income,
   setelah pajak penghasilan                                       (4.371)          25.754)                        net of income tax

JUMLAH PENGHASILAN KOMPREHENSIF                                   521.267          687.502)     TOTAL COMPREHENSIVE INCOME




Lihat Catatan atas Laporan Keuangan Kosolidasian, yang                See Notes to the Consolidated Financial Statements, which
merupakan bagian tidak terpisahkan dari laporan                       form an integral part of these consolidated financial
keuangan konsolidasian ini.                                           statements.

                                                                                                                                     3
Page 196
                 PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                   PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
             LAPORAN LABA RUGI DAN PENGHASILAN KOMPREHENSIF LAIN KONSOLIDASIAN
                     UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022 (Lanjutan)/
           CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
                            YEARS ENDED 31 DECEMBER 2023 AND 2022 (Continued)
            (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

                                                     Tahun berakhir 31 Desember/
                                        Catatan/       Years ended 31 December
                                         Notes         2023              2022

LABA YANG DAPAT DIATRIBUSIKAN
 KEPADA:                                                                                        PROFIT ATTRIBUTABLE TO:
 Pemilik entitas induk                                   525.621            661.732                  Owners of the Company
 Kepentingan nonpengendali                                    17                 16                 Non-controlling interests
                                                         525.638            661.748

JUMLAH PENGHASILAN
  KOMPREHENSIF YANG DAPAT                                                                         TOTAL COMPREHENSIVE
  DIATRIBUSIKAN KEPADA:                                                                       INCOME ATTRIBUTABLE TO:
  Pemilik entitas induk                                  521.250            687.486                  Owners of the Company
  Kepentingan nonpengendali                                   17                 16                 Non-controlling interests
                                                         521.267            687.502

LABA PER SAHAM DASAR                                                                           BASIC EARNINGS PER SHARE
 (DALAM RUPIAH PENUH)                      28               120                 152                   (IN WHOLE RUPIAH)

LABA PER SAHAM DARI OPERASI                                                                  BASIC EARNINGS PER SHARE
 YANG DILANJUTKAN                                                                        FROM CONTINUING OPERATIONS
 (DALAM RUPIAH PENUH)                      28               120                 131                 (IN WHOLE RUPIAH)




Lihat Catatan atas Laporan Keuangan Kosolidasian, yang        See Notes to the Consolidated Financial Statements, which
merupakan bagian tidak terpisahkan dari laporan               form an integral part of these consolidated financial
keuangan konsolidasian ini.                                   statements.



                                                                                                                          4
Page 197
                                                                   PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                                                                     PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                               LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022/
                                                CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY FOR THE YEARS ENDED 31 DECEMBER 2023 AND 2022
                                                         (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)


                                                                    Diatribusikan kepada pemilik entitas induk/Attributable to owners of the Company
                                                                                                                       Saldo laba/Retained earnings
                                                                     Tambahan         Saham        Komponen               Telah             Belum                         Kepentingan
                                                       Modal saham/ modal disetor/   tresuri/    ekuitas lainnya/      ditentukan         ditentukan                     nonpengendali/       Jumlah
                                            Catatan/      Share      Additional      Treasury      Other equity      penggunaannya/ penggunaannya/         Jumlah/       Non-controlling     ekuitas/
                                             Notes        capital   paid-in capital   stocks       components         Appropriated     Unappropriated       Total           interests       Total equity

Saldo per 31 Desember 2021                                 2.231.482      1.482.234)    (123.105)         (439.964)         115.298         2.992.972       6.258.917)                49      6.258.966                  Balance as of 31 December 2021

Laba tahun berjalan                                                -              -            -                 -                -           661.732        661.732                  16        661.748                                 Profit for the year
Penghasilan komprehensif lain, setelah                                                                                                                                                                                Other comprehensive income, net of
  pajak penghasilan                                                -              -            -           24.034)                -             1.720         25.754                   -         25.754                                      income tax
Kompensasi berbasis saham                      19                  -              -            -           (2.588)                -                 -         (2.588)                  -         (2.588)                       Share-based compensation
Saham tresuri                                 21b                  -         21.430       22.327                -                 -                 -         43.757                   -         43.757                                   Treasury stocks
Dividen tunai                                 21d                  -              -            -                -                 -          (783.610)      (783.610)                (12)      (783.622)                                   Cash dividends
Saldo laba telah ditentukan penggunaannya     21c                  -              -            -                -            10.000           (10.000)             -                   -              -                    Appropriated retained earnings
Opsi jual atas bagian kepemilikan                                                                                                                                                                                  Put option on non-controlling interest’s
  nonpengendali pada entitas anak                                  -              -            -           (17.500)               -                 -         (17.500)                 -        (17.500)                             share in subsidiary
Lainnya                                                            -              -            -               731                -                 -             731                 (3)           728                                              Other
Saldo per 31 Desember 2022                                 2.231.482      1.503.664     (100.778)         (435.287)         125.298         2.862.814       6.187.193                 50      6.187.243                  Balance as of 31 December 2022




Lihat Catatan atas Laporan Keuangan Konsolidasian, yang merupakan bagian tidak terpisahkan dari laporan keuangan           See Notes to the Consolidated Financial Statements, which form an integral part of these consolidated financial statements.
konsolidasian ini.

                                                                                                                                                                                                                                             5
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                                                                     PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                                                                       PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                            LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022 (Lanjutan)/
                                             CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY FOR THE YEARS ENDED 31 DECEMBER 2023 AND 2022 (Continued)
                                                          (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)




                                                                      Diatribusikan kepada pemilik entitas induk/Attributable to owners of the Company
                                                                                                                         Saldo laba/Retained earnings
                                                                       Tambahan         Saham        Komponen               Telah             Belum                         Kepentingan
                                                         Modal saham/ modal disetor/   tresuri/    ekuitas lainnya/      ditentukan         ditentukan                     nonpengendali/       Jumlah
                                              Catatan/      Share      Additional      Treasury      Other equity     penggunaannya/ penggunaannya/          Jumlah/       Non-controlling     ekuitas/
                                               Notes       Capital    paid-in capital   stocks       components         Appropriated     Unappropriated       Total           interests       Total equity

Saldo per 31 Desember 2022                                   2.231.482      1.503.664)    (100.778)         (435.287)         125.298         2.862.814       6.187.193)               50)      6.187.243                  Balance as of 31 December 2022

Laba tahun berjalan                                                  -              -)            -                -                -           525.621         525.621)               17         525.638                               Profit for the year
Penghasilan komprehensif lain, setelah                                                                                                                                                                                 Other comprehensive income, net of
  pajak penghasilan                                                  -              -)           -            (1.911)               -            (2.460)         (4.371)                 -         (4.371)                                    income tax
Kompensasi berbasis saham                        19                  -              -)           -            (2.455)               -                 -          (2.455)                 -         (2.455)                      Share-based compensation
Saham tresuri                                   21b                  -         (3.405)      11.891                 -                -                 -           8.486                  -          8.486                                  Treasury stocks
Dividen tunai                                   21d                  -              -            -                 -                -          (589.444)       (589.444)               (14)      (589.458)                                 Cash dividends
Saldo laba telah ditentukan penggunaannya       21c                  -              -            -                 -           10.000           (10.000)              -                  -              -                   Appropriated retained earnings
Opsi jual atas bagian kepemilikan                                                                                                                                                                                   Put option on non-controlling interest’s
  nonpengendali pada entitas anak                                    -              -             -          (12.668)               -                 -         (12.668)                -         (12.668)                           share in subsidiary
Lainnya                                                              -              -)            -             (502)               -                 -            (502)                -            (502)                                            Other
Saldo per 31 Desember 2023                                   2.231.482      1.500.259       (88.887)        (452.823)         135.298         2.786.531       6.111.860                53       6.111.913                  Balance as of 31 December 2023




Lihat Catatan atas Laporan Keuangan Konsolidasian, yang merupakan bagian tidak terpisahkan dari laporan keuangan             See Notes to the Consolidated Financial Statements, which form an integral part of these consolidated financial statements.
konsolidasian ini.


                                                                                                                                                                                                                                               6
Page 199
                       PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                         PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
          LAPORAN ARUS KAS KONSOLIDASIAN UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022/
             CONSOLIDATED STATEMENTS OF CASH FLOWS YEARS ENDED 31 DECEMBER 2023 AND 2022
                 (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

                                                      Tahun berakhir 31 Desember/
                                                        Years ended 31 December
                                                       2023                 2022

ARUS KAS DARI                                                                                                     CASH FLOWS FROM
 AKTIVITAS OPERASI                                                                                       OPERATING ACTIVITIES
 Penerimaan dari pelanggan                              13.722.917)             13.781.260)                    Receipts from customers
 Pembayaran ke pemasok                                 (12.702.773)            (12.463.631)                      Payments to suppliers
 Pembayaran untuk aktivitas operasi lainnya               (343.010)               (205.655)      Payments for other operating activities
 Pembayaran ke karyawan                                   (306.427)               (328.635)                     Payments to employees
 Penerimaan bunga                                          110.980)                102.818)                         Receipts of interest
 Pembayaran bunga                                           (1.220)                (39.792)                        Payments of interest
 Pembayaran pajak penghasilan                             (124.753)               (112.027)                     Payments of income tax
 Pengembalian kelebihan pajak penghasilan                   17.286                  10.373)         Refund of income tax overpayment
 Kas neto dari aktivitas operasi                           373.000)                744.711          Net cash from operating activities

ARUS KAS DARI                                                                                                      CASH FLOWS FROM
 AKTIVITAS INVESTASI                                                                                        INVESTING ACTIVITIES
 Penerimaan dari pelepasan surat berharga                 497.426)                320.684         Proceeds from redemption of securities
 Penerimaan pelunasan piutang pinjaman                    188.525)                      -) Proceeds from settlement of loan receivables
 Penerimaan dividen dari entitas asosiasi                  12.120)                      -            Dividend received from associates
 Penerimaan dari penjualan aset tetap                       1.489)                  4.562              Proceeds from sales of fixed assets
 Uang muka pembelian aset tetap                            (1.641)                   (442)         Advances for purchases of fixed assets
 Pembelian saham pada entitas anak                        (75.136)               (155.372)               Purchase of share in subsidiary
 Perolehan aset tetap, aset takberwujud lainnya dan                                         Acquisition of fixed assets, other intangible
   aset tidak lancar lainnya                             (130.031)                (76.605)      assets and other non-curremt assets
 Perolehan surat berharga                                (550.114)               (693.859)                       Acquisition of securities
 Penerimaan dari pelepasan entitas anak                         -)                690.625           Proceeds from disposal of subsidiary
 Kas neto (digunakan untuk) dari                                                                                Net cash (used in) from
   aktivitas investasi                                     (57.362)                89.593                          investing activities

ARUS KAS DARI                                                                                                     CASH FLOWS FROM
 AKTIVITAS PENDANAAN                                                                                       FINANCING ACTIVITIES
 Penerimaan dari utang bank jangka pendek                 593.056)                507.676)         Proceeds from short-term bank loans
 Pembayaran utang bank jangka pendek                     (592.876)               (561.282)         Repayments of short-term bank loans
 Penerimaan dari penjualan saham tresuri                        -)                 43.757)          Proceeds from sale of treasury stock
 Pembayaran dividen                                      (589.444)               (783.610)                           Dividend payments
 Pembayaran liabilitas sewa                                (7.819))                (7.230)                 Payments of lease liabilities
 Penerimaan dari pinjaman jangka panjang                        -)                164.066)         Proceeds from long-term borrowings
 Pembayaran pinjaman jangka panjang                             -)                (94.125)         Repayments of long-term borrowings
 Lainnya                                                      (14)                    (14)                                       Others
  Kas neto digunakan untuk aktivitas pendanaan           (597.097)               (730.762)         Net cash used in financing activities
                                                                                                 Net (decrease) increase in cash and cash
(Penurunan) kenaikan neto kas dan setara kas             (281.459)                103.542))                                  equivalents
Pengaruh fluktuasi nilai tukar mata uang terhadap                                             Effect of currency exchange rate fluctuations
  kas dan setara kas                                        (5.426)                47.005                   on cash and cash equivalents
                                                                                                                Cash and cash equivalents,
Kas dan setara kas, awal tahun                          1.998.974)              1.848.427)                            beginning of year
Kas dan setara kas, akhir tahun                         1.712.089)              1.998.974)         Cash and cash equivalents, end of year




Lihat Catatan atas Laporan Keuangan Kosolidasian, yang                See Notes to the Consolidated Financial Statements, which form
merupakan bagian tidak terpisahkan dari laporan                       an integral part of these consolidated financial statements.
keuangan konsolidasian ini.



                                                                                                                                        7
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                     PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                       PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
   LAPORAN ARUS KAS KONSOLIDASIAN UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022 (Lanjutan)/
     CONSOLIDATED STATEMENTS OF CASH FLOWS YEARS ENDED 31 DECEMBER 2023 AND 2022 (Continued)
             (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

Rekonsiliasi liabilitas yang timbul dari aktivitas pendanaan                Reconciliation of liabilities arising from financing activities



                               31 Desember/     Arus kas neto/     Perubahan non-kas/        31 Desember/
                               December 2022    Net cash flows      Non-cash changes         December 2023

Utang bank jangka pendek               7.248)              180)                        -                    7.428        Short-term bank loans
Liabilitas sewa                        7.283)           (7.819)                    8.830                    8.294               Lease liabilities
                                      14.531)           (7.639)                    8.830                   15.722


                                                     Mutasi dari/ Movement from
                                                        Beban                                Pelepasan
                                                      transaksi/    Utang bunga/           entitas anak/
                    31 Desember/ Arus kas neto/      Transaction       Interest             Disposal of      31 Desember/
                    December 2021 Net cash flows         costs         payable              subsidiaries     December 2022

Utang bank jangka                                                                                                              Short-term bank
    pendek                  61.000)       (53.606)                  -)            (146)                -)            7.248)           loans
Pinjaman jangka                                                                                                                     Long-term
    panjang                915.799)       69.941)                (385)             618)        (985.973)                 -)     borrowings
Liabilitas sewa             16.540)       (7.230)                   -)               -)          (2.027)             7.283)     Lease liabilities

                           993.339)        9.105)                (385)             472)        (988.000)            14.531)




Lihat Catatan atas Laporan Keuangan Kosolidasian, yang                   See Notes to the Consolidated Financial Statements, which form
merupakan bagian tidak terpisahkan dari laporan                          an integral part of these consolidated financial statements.
keuangan konsolidasian ini.




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               PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                  PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                  CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                                  UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022/
                                   NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                       FOR YEARS ENDED 31 DECEMBER 2023 AND 2022
                   (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)


1.   UMUM                                                                                                                 1. GENERAL
     a.   Pendirian dan informasi lain Perseroan                        a.   Establishment and other information of the Company

          PT Mitra Pinasthika Mustika Tbk (“Perseroan”)                      PT Mitra Pinasthika Mustika Tbk (the “Company”) was
          didirikan berdasarkan akta notaris Ny. Rukmasanti                  established by deed of notary public Mrs. Rukmasanti
          Hardjasatya, SH., di Jakarta No. 2 tanggal                         Hardjasatya, SH., Jakarta No. 2 dated 2 November 1987
          2 November 1987 dan diubah dengan akta No. 6                       and amanded with deed No. 6 dated 1 July 1988; these
          tanggal 1 Juli 1988; akta-akta ini disetujui                       deeds were approved by Decree of Minister of Justice
          berdasarkan keputusan Menteri Kehakiman No. C2-                    under No. C2-7013.HT.01.01 Th 88 dated 11 August 1988,
          7013.HT.01.01 Th 88 tanggal 11 Agustus 1988,                       registered at the North Jakarta District Court under
          didaftarkan di Kepaniteraan Pengadilan Negeri                      No. 241/Leg/1988 on 29 August 1988, and published in
          Jakarta Utara dengan No. 241/Leg/1988 tanggal                      Supplement No. 1025 to the State of Gazette No. 77 on
          29 Agustus 1988, dan diumumkan dalam Tambahan                      23 September 1988.
          No. 1025 pada Berita Negara No. 77 tanggal
          23 September 1988.

          Anggaran Dasar Perseroan telah beberapa kali                       The Company’s Articles of Association have been amended
          mengalami perubahan, perubahan selanjutnya                         several times, further amendment was effected by deed of
          dilakukan dengan akta notaris Jose Dima Satria, SH.,               notary public Jose Dima Satria, SH., M.Kn., No. 17 dated
          M.Kn., No. 17 tanggal 15 Februari 2013 antara lain                 15 February 2013, concerning among others, the change of
          mengenai, perubahan status Perseroan dari semula                   the Company’s status from private company to a public
          perusahaan tertutup menjadi perusahaan terbuka,                    company, the change of the Company’s name to PT Mitra
          perubahan nama Perseroan menjadi PT Mitra                          Pinasthika Mustika Tbk, the increase of authorized share
          Pinasthika Mustika Tbk, peningkatan modal dasar                    capital stock to Rp 5,000,000, the change of the nominal
          menjadi Rp 5.000.000, perubahan nilai nominal                      value of shares from Rp 1,000,000 (whole Rupiah) to Rp 500
          saham dari sebesar Rp 1.000.000 (Rupiah penuh)                     (whole Rupiah) per share, issuance of new common shares
          menjadi sebesar Rp 500 (Rupiah penuh), penerbitan                  after the initial public offering to convertible bonds holders,
          saham baru setelah penawaran umum perdana saham                    and the changes in the Company’s Articles of Association to
          biasa untuk pemegang obligasi konversi, dan                        comply with the Capital Market Regulation. The amendment
          perubahan Anggaran Dasar Perseroan untuk                           was approved by Decree of the Minister of Justice and
          disesuaikan dengan Peraturan Pasar Modal.                          Human Rights No. AHU-07271.AH.01.02.Tahun 2013 dated
          Perubahan tersebut telah disetujui oleh Menteri                    19 February 2013, and published in Supplement No. 80720
          Hukum dan Hak Asasi Manusia No. AHU-                               to the State of Gazette No.48 dated 14 June 2013.
          07271.AH.01.02.Tahun 2013 tanggal 19 Februari
          2013 dan diumumkan dalam Tambahan No. 80720
          pada Berita Negara No. 48 tanggal 14 Juni 2013.

          Perubahan terakhir dilakukan dengan akta notaris                   The latest amendment was stated in the deed of notary public
          Jose Dima Satria, SH., M.Kn., No. 128 tanggal                      Jose Dima Satria SH., M.Kn., No. 128 dated 24 May 2023
          24 Mei 2023 sehubungan dengan perubahan Pasal 21                   associated to changes in Article 21 verse (6) of the
          ayat (6) atas Anggaran Dasar Perseroan dan juga telah              Company’s Articles of Association and also have been
          diberitahukan kepada Menteri Hukum dan Hak Asasi                   notified to the Minister of Justice and Human Rights
          Manusia Republik Indonesia, berdasarkan Surat No.                  Republic of Indonesia, by the letter No. AHU-AH.01.03-
          AHU-AH.01.03-0072696 tanggal 5 Juni 2023 perihal                   0072696 dated 5 June 2023 regarding the Receipt of the
          Penerimaan Perubahan Anggaran Dasar.                               Notification of the Amendment.




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                    PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                       PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                        CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                                   UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022 (Lanjutan)/
                                         NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                        FOR YEARS ENDED 31 DECEMBER 2023 AND 2022 (Continued)
                         (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)


1.   UMUM (Lanjutan)                                                                                                                1. GENERAL (Continued)

     a.   Pendirian dan informasi lain Perseroan (Lanjutan)                              a.    Establishment and other information of the Company
                                                                                               (Continued)
          Perseroan bergerak dalam bidang, baik secara langsung                                The Company is engaged in, either directly or indirectly
          maupun tidak langsung melalui entitas anak, distribusi                               through its subsidiaries, distribution of two-wheel vehicles
          kendaraan bermotor roda dua dan suku cadang dengan                                   and spare parts under Honda brand in East Java and East
          merek Honda di wilayah Jawa Timur dan Nusa                                           Nusa Tenggara areas and general insurance. The Company
          Tenggara Timur dan asuransi umum. Perseroan                                          commenced its commercial operations in 1988.
          memulai operasi komersial sejak 1988.

          Kantor Perseroan beralamat di Lippo Kuningan, lantai                                 The Company’s office is located at Lippo Kuningan, 26th
          26, Jl. H.R. Rasuna Said Kav. B-12, Kuningan, Jakarta                                floor, Jl. H.R. Rasuna Said Kav. B-12, Kuningan, Jakarta
          12940.                                                                               12940.

          Pemegang saham pengendali Perseroan, PT Saratoga                                     The Company’s controlling shareholder, PT Saratoga
          Investama Sedaya Tbk, memiliki entitas anak dan                                      Investama Sedaya Tbk, has subsidiaries and affiliates in
          afiliasi di Indonesia dan luar negeri.                                               Indonesia and overseas.

          Laporan keuangan konsolidasian disetujui untuk                                       The consolidated financial statements were approved for
          diterbitkan oleh Direksi pada tanggal 27 Maret 2024.                                 issuance by the Directors on 27 March 2024.

     b. Penawaran umum perdana saham Perseroan                                           b.    The Company’s initial public offering

          Pada tanggal 20 Mei 2013, Perseroan memperoleh                                        On 20 May 2013, the Company obtained Effective
          Surat Pernyataan Efektif No. S-136/D.04/2013 dari                                     Statement Letter No. S-136/D.04/2013 from the Financial
          Otoritas Jasa Keuangan (“OJK”) untuk melakukan                                        Services Authority of Indonesia (“OJK”) to conduct an
          penawaran umum perdana saham biasa atas nama                                          initial public offering (“IPO”) of 970,000,000 common
          sejumlah 970.000.000 saham dengan nilai nominal                                       shares with par value of Rp 500 (in whole Rupiah) per
          Rp 500 (dalam Rupiah penuh) per saham kepada                                          share through the Indonesia Stock Exchange (“BEI”). The
          masyarakat melalui Bursa Efek Indonesia (“BEI”).                                      shares were offered at a price of Rp 1,500 (in whole
          Saham tersebut ditawarkan dengan harga Rp 1.500                                       Rupiah) per share.
          (dalam Rupiah penuh) per saham.
     c.   Struktur grup                                                                   c. Group structure
          Perseroan memiliki kepemilikan secara langsung dan                                   The Company has direct and indirect ownerships in the
          tidak langsung di entitas anak berikut:                                              following subsidiaries:

                                                                           Tahun          Periode
                                                                         dimulainya   pelaporan dari
                                                                           operasi        laporan
                                                                         komersial/     keuangan/
                                                                           Year of      Reporting
                                                                        commencing       period of
             Entitas anak/             Domisili/      Jenis usaha/      commercial       financial      Persentase kepemilikan efektif/     Jumlah aset sebelum eliminasi/
              Subsidiary               Domicile    Nature of business    operations     statements     Percentage of effective ownership    Total assets before elimination
     Kepemilikan langsung/Direct ownership                                                                2023                  2022          2023                  2022
     PT Mitra Pinasthika Mulia         Surabaya    Penjualan               2011       31 Desember/              99,99               99,99      2.272.954            2.400.598
        (“MP Mulia”)                               kendaraan roda dua                  December
                                                   dan komponen
                                                   pendukung/
                                                   Sales of two-wheel
                                                   vehicles and its
                                                   supporting
                                                   components




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                     PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                        PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                         CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                                    UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022 (Lanjutan)/
                                          NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                         FOR YEARS ENDED 31 DECEMBER 2023 AND 2022 (Continued)
                          (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

1.   UMUM (Lanjutan)                                                                                                                                 1. GENERAL (Continued)
     c.    Struktur grup (Lanjutan)                                                                   c. Group structure (Continued)

                                                                                        Tahun          Periode
                                                                                      dimulainya   pelaporan dari
                                                                                        operasi        laporan
                                                                                      komersial/     keuangan/
                                                                                        Year of      Reporting
                                                                                     commencing       period of
             Entitas anak/            Domisili/              Jenis usaha/            commercial       financial         Persentase kepemilikan efektif/        Jumlah aset sebelum eliminasi/
              Subsidiary               Domicile           Nature of business          operations     statements        Percentage of effective ownership       Total assets before elimination
     Kepemilikan langsung/Direct ownership                                                                                 2023                 2022             2023                  2022
     PT Asuransi Mitra Pelindung        Jakarta         Asuransi umum/                  2012       31 Desember/                 99,50                96,00        2.148.834             2.022.456
        Mustika (“AMPM”)                                General insurance                           December

     PT Armada Maha Karya                 Jakarta       Perdagangan umum dan            2017       31 Desember/                100,00              100,00             1.642                1.689
        (“AMK”)2)                                       kendaraan bermotor                          December
                                                        dengan jual beli,
                                                        perdagangan dengan
                                                        menggunakan perangkat
                                                        lunak, aktivitas
                                                        konsultasi komputer dan
                                                        manajemen fasilitas
                                                        komputer lainnya/
                                                        General and motor
                                                        vehicles trading, vehicles
                                                        trading using software,
                                                        computer consultant
                                                        activities and other
                                                        computer facility
                                                        management
     PT Mitra Pinasthika Mustika        Tangerang       Penjualan kendaraan             2013       31 Desember/                100,00              100,00             8.339                7.499
        Auto (“MPM AUTO”)1)                             roda empat dan                              December
                                                        komponen pendukung/
                                                        Sales of four-wheel
                                                        vehicles and its
                                                        supporting components


     PT Putra Mustika Prima             Tangerang     Distribusi minyak                 2016       31 Desember/                100,00               99,99            12.457               12.014
        (“PMP”)2)                                     pelumas/Distribution of oil                   December
                                                      lubricant
     Kepemilikan tidak langsung melalui/Indirect ownership through MP Mulia
     PT Mitra Pertama Mulia             Surabaya      Perdagangan suku                  2022       31 Desember/                100,00              100,00            24.425               21.169
        (“ERRO”)                                      cadang dan aksesori                           December
                                                      mobil dan motor;
                                                      reparasi mobil dan
                                                      perawatan
                                                      motor/Vehicles and
                                                      motorcycles spareparts
                                                      and accessories trading;
                                                      vehicles reparation and
                                                      motorcycle maintenance
          1)      Di tahun 2018, operasi dihentikan.                                                       1)       In 2018, the operation was discontinued.
          2)      Manajemen memutuskan untuk likuidasi di tahun 2024.                                      2)       Management has decided to liquidate in 2024.

          Perseroan dan entitas anak secara kolektif disebut                                               The Company and subsidiaries are collectively referred to
          sebagai “Grup”.                                                                                  as the “Group”.
          Grup memiliki segmen operasi sebagai berikut:                                                    The Group has the following reportable segments:
                                                                                      Entitas anak/Subsidiaries
           Distribusi, ritel dan aftermarket                              Perseroan/The Company, MP Mulia, ERRO                                    Distribution, retail and aftermarket
           Asuransi                                                                       AMPM                                                                                Insurance




                                                                                                                                                                                             11
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               PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                  PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                  CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                             UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022 (Lanjutan)/
                                   NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                  FOR YEARS ENDED 31 DECEMBER 2023 AND 2022 (Continued)
                   (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

1.   UMUM (Lanjutan)                                                                                      1. GENERAL (Continued)

     d. Dewan komisaris, direksi, komite audit dan                      d.    Board of commissioners, directors, audit committee and
        karyawan                                                              employees
        Susunan anggota dewan komisaris, direksi dan komite                   The members of the Company’s board of commissioners,
        audit Perseroan per 31 Desember 2023 dan 2022 adalah                  directors   and     audit      committee     as      of
        sebagai berikut:                                                      31 December 2023 and 2022 were as follows:
         Dewan Komisaris                             2023                           2022                         Board of Commissioners
         Komisaris Utama                      Edwin Soeryadjaya             Edwin Soeryadjaya                      President Commissioner
         Komisaris                              Danny Walla                   Danny Walla                                    Commissioner
         Komisaris                             Tossin Himawan                Tossin Himawan                                  Commissioner
         Komisaris Independen              Istama Tatang Siddharta       Istama Tatang Siddharta                Independent Commissioner
         Komisaris Independen               Benny Redjo Setyono           Benny Redjo Setyono                   Independent Commissioner
         Direksi                                                                                                                Directors
         Direktur Utama                       Suwito Mawarwati               Suwito Mawarwati                           President Director
         Direktur                              Beatrice Kartika               Beatrice Kartika                                    Director
         Direktur                               Kemal Mawira                   Titien Supeno                                      Director
         Direktur                                      -                            Ivan                                          Director
         Komite audit                                                                                                    Audit committee
         Ketua                              Benny Redjo Setyono          Istama Tatang Siddharta                               Chairman
         Anggota                                Aria Kanaka                  Kurniawan Tedjo                                     Member
         Anggota                           Josaphat Budisatyawira         Benny Redjo Setyono                                    Member
         Per tanggal 31 Desember 2023 dan 2022, karyawan                      As of 31 December 2023 and 2022, the Group’s employees
         Grup masing-masing sebanyak 1.586 karyawan                           were 1,586 employees (including 1,353 permanent
         (termasuk 1.353 karyawan tetap) dan 1.550 karyawan                   employees) and 1,550 employees (including 1,319
         (termasuk 1.319 karyawan tetap) (tidak diaudit).                     permanent employees) (unaudited), respectively.

2.   DASAR PENYUSUNAN                                                                2. BASIS OF PREPARATION OF THE
     LAPORAN KEUANGAN KONSOLIDASIAN                                             CONSOLIDATED FINANCIAL STATEMENTS

     a. Pernyataan kepatuhan                                           a.    Statement of compliance
         Laporan keuangan konsolidasian disusun dan disajikan                The consolidated financial statements have been prepared
         berdasarkan Standar Akuntansi Keuangan di Indonesia                 and presented in accordance with Indonesian Financial
         (“SAK”) dan Peraturan Bapepam-LK (sekarang                          Accounting Standards (“SAK”) and the Bapepam-LK
         menjadi Otoritas Jasa Keuangan atau OJK)                            Regulation (currently Indonesian Financial Services
         No. VIII.G.7 mengenai Pedoman Penyajian Laporan                     Authority or OJK) No. VIII.G.7 regarding Financial
         Keuangan Emiten atau Perusahaan Publik.                             Statements Presentation Guidelines of Issuers or Public
                                                                             Companies.
      b. Prinsip konsolidasi                                           b.    Basis of consolidation
         Laporan     keuangan      konsolidasian    merupakan                The consolidated financial statements represent the
         konsolidasian dari laporan keuangan Perseroan dengan                consolidation of the financial statements of the Company
         laporan keuangan entitas anak (Catatan 1c).                         with the financial statements of its subsidiaries (Note 1c).
         Entitas anak dikonsolidasi sejak tanggal Perseroan                  Subsidiaries are consolidated from the date on which the
         memperoleh pengendalian secara efektif dan tidak lagi               Company obtains effective control, and are no longer
         dikonsolidasi sejak tanggal pengendalian tersebut tidak             consolidated from the date such control ceases.
         lagi dimiliki.




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              PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                 PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                           UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022 (Lanjutan)/
                                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                FOR YEARS ENDED 31 DECEMBER 2023 AND 2022 (Continued)
                 (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

2.   DASAR PENYUSUNAN                                                             2. BASIS OF PREPARATION OF THE
     LAPORAN KEUANGAN KONSOLIDASIAN                                          CONSOLIDATED FINANCIAL STATEMENTS
     (Lanjutan)                                                                                         (Continued)
     b. Prinsip konsolidasi (Lanjutan)                               b.   Basis of consolidation (Continued)

       Suatu pengendalian atas entitas anak dianggap ada                  Control over an investee is presumed to exist if the
       bilamana Perseroan terekspos terhadap, atau memiliki               Company is exposed to, or has rights to, variable returns
       hak atas, imbal hasil variabel dari keterlibatannya                from its involvement with the investee and has the ability to
       dengan entitas anak dan memiliki kemampuan untuk                   affect those returns through its power over the investee.
       mempengaruhi imbal hasil tersebut melalui                          The Company reassesses whether it still has control if there
       kekuasaannya atas entitas anak. Perseroan akan menilai             are changes to one or more of the elements of the control.
       kembali apakah masih memiliki pengendalian jika ada                This includes circumstances in which protective rights held
       perubahan atas satu atau lebih unsur pengendalian. Ini             (e.g. those resulting from a lending relationship) become
       termasuk situasi dimana hak protektif yang dimiliki                substantive and lead to the Company having power over an
       (seperti yang dihasilkan dari hubungan pinjaman)                   entity.
       menjadi substantif dan mengakibatkan Perseroan
       memiliki kekuasaan atas suatu entitas.
       Kebijakan akuntansi yang digunakan dalam                           The accounting policies adopted in the consolidated
       penyusunan laporan keuangan konsolidasian telah                    financial statements have been consistenly applied by the
       diterapkan secara konsisten oleh Grup.                             Group.
       Saldo dan transaksi antar perusahaan, termasuk                     Intercompany balances and transactions, including
       penghasilan, beban dan keuntungan atau kerugian yang               income, expenses and the unrealized gains or losses, are
       belum direalisasi dieliminasi.                                     eliminated.
       Saldo dengan entitas asosiasi dieliminasi hanya atas               Balances with associate are eliminated only on the
       keuntungan atau kerugian yang belum direalisasi dan                unrealized gains or losses and are proportionated to the
       sebesar proporsi kepemilikan.                                      ownership.
       Bila pengendalian atas suatu entitas diperoleh dalam               Where control of an entity is obtained during a financial
       periode berjalan, hasil usaha entitas tersebut                     period, its results are included in the consolidated financial
       dimasukkan dalam laporan keuangan konsolidasian                    statements from the date on which control commences.
       sejak tanggal pengendalian dimulai. Bila pengendalian              Where control ceases during a financial period, its results
       berakhir dalam periode berjalan, hasil usaha entitas               are included in the consolidated financial statements for
       tersebut dimasukkan ke dalam laporan keuangan                      the part of the period during which control still existed.
       konsolidasian untuk periode selama masih terdapat
       pengendalian.

       Perubahan      yang     mempengaruhi        persentase             Changes affecting the percentage of ownership and equity
       kepemilikan dan ekuitas entitas anak disajikan sebagai             of subsidiaries are presented as other equity components
       komponen ekuitas lainnya dalam bagian ekuitas pada                 within the equity section of the consolidated statement of
       laporan posisi keuangan konsolidasian.                             financial position.

       Kepentingan nonpengendali diakui pada tanggal                      Non-controlling interests is recognized at the date of
       kombinasi bisnis yang selanjutnya disesuaikan dengan               business combination and adjusted by proportion of
       proporsi atas perubahan ekuitas entitas anak.                      changes in equity of subsidiaries.

       Kepentingan nonpengendali disajikan pada bagian                    Non-controlling interests is presented in the consolidated
       ekuitas dalam laporan posisi keuangan konsolidasian,               statement of financial position within equity, separately
       terpisah dari ekuitas yang dapat diatribusikan kepada              from the equity attributable to the owners of the Company.
       pemilik entitas induk. Laba atau rugi dan setiap                   Profit or loss and each component of other comprehensive
       komponen pendapatan komprehensif lain diatribusikan                income are attributed to the owners of the Company and to
       kepada pemilik entitas induk dan kepada kepentingan                the non-controlling interests based on the ownership
       nonpengendali berdasarkan proporsi kepemilikan.                    interest proportionally.


                                                                                                                                     13
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                PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                   PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                   CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                              UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022 (Lanjutan)/
                                    NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                   FOR YEARS ENDED 31 DECEMBER 2023 AND 2022 (Continued)
                    (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

2.   DASAR PENYUSUNAN                                                                2. BASIS OF PREPARATION OF THE
     LAPORAN KEUANGAN KONSOLIDASIAN                                             CONSOLIDATED FINANCIAL STATEMENTS
     (Lanjutan)                                                                                            (Continued)

     c.   Laporan arus kas                                               c.   Statement of cash flows
          Laporan arus kas konsolidasian menyajikan perubahan                 The consolidated statement of cash flows presents the
          dalam kas dan setara kas dari aktivitas operasi,                    changes in cash and cash equivalents from operating,
          investasi dan pendanaan disusun dengan metode                       investing and financing activities, and is prepared using
          langsung.                                                           the direct method.
     d. Dasar pengukuran                                                 d.   Basis of measurement
          Laporan keuangan konsolidasian disusun atas dasar                   The consolidated financial statements are prepared on the
          akrual dengan menggunakan konsep nilai historis,                    accrual basis using the historical cost concept, except
          kecuali dimana standar akuntansi mensyaratkan                       where the accounting standards require fair value
          pengukuran pada nilai wajar.                                        measurement.
     e.   Mata uang fungsional dan penyajian                             e.   Functional and presentation currency
          Laporan keuangan konsolidasian disajikan dalam                      The consolidated financial statements are presented in
          Rupiah, yang merupakan mata uang fungsional                         Rupiah, which is the functional currency of the Company
          Perseroan termasuk entitas anak. Semua informasi                    including subsidiaries. All financial information presented
          keuangan yang disajikan dalam Rupiah telah                          in Rupiah has been rounded to the nearest million.
          dibulatkan ke dalam jutaan terdekat.
     f.   Penggunaan pertimbangan, estimasi dan asumsi                   f.   Use of judgments, estimates and assumptions
          Penyusunan      laporan     keuangan     konsolidasian              The preparation of consolidated financial statements
          mengharuskan       manajemen       untuk     membuat                requires management to make judgments, estimates and
          pertimbangan,      estimasi    dan    asumsi     yang               assumptions that affect the application of accounting
          mempengaruhi penerapan kebijakan akuntansi dan                      policies and the reported amounts of assets, liabilities,
          jumlah aset, liabilitas, pendapatan dan beban.                      income and expenses. Although those estimates are based
          Walaupun estimasi tersebut berdasarkan pemahaman                    on management’s best knowledge of current events and
          terbaik manajemen atas kejadian dan kegiatan terkini,               activities, actual results may differ from the estimated
          hasil aktual dapat berbeda dari nilai yang telah di                 amounts.
          estimasi.
          Estimasi dan asumsi yang mendasarinya ditinjau                      Estimates and underlying assumptions are reviewed on an
          secara berkesinambungan. Perubahan terhadap                         ongoing basis. Revisions to accounting estimates are
          estimasi akuntansi diakui secara prospektif.                        recognized prospectively.
          (i) Pertimbangan                                                    (i) Judgments
             Pertimbangan akuntansi signifikan diterapkan oleh                   Significant accounting judgments apply by the Group is
             Grup terkait dengan                                                 related to
              Catatan 31 – Kehilangan pengendalian atas                          Note 31 – Loss control of MPMR: Management’s
                MPMR: Pertimbangan manajemen mengenai                                judgment with respect to lost control over MPMR,
                kehilangan pengendalian atas MPMR, meskipun                          despite retaining a 50% ownership.
                tetap mempertahankan 50% kepemilikan.




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              PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                 PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                 CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                            UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022 (Lanjutan)/
                                  NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                 FOR YEARS ENDED 31 DECEMBER 2023 AND 2022 (Continued)
                  (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)


2.   DASAR PENYUSUNAN                                                               2. BASIS OF PREPARATION OF THE
     LAPORAN KEUANGAN KONSOLIDASIAN                                            CONSOLIDATED FINANCIAL STATEMENTS
     (Lanjutan)                                                                                           (Continued)
     f. Penggunaan pertimbangan, estimasi dan asumsi                  f.   Use of judgments, estimates and assumptions (Continued)
        (Lanjutan)
        (ii) Asumsi dan ketidakpastian estimasi                            (ii) Assumptions and estimation uncertainties
             Informasi mengenai asumsi dan estimasi                             Information about assumptions and estimation
             ketidakpastian yang memiliki risiko signifikan                     uncertainties that have a significant risk of resulting in
             terjadinya penyesuaian yang material dalam satu                    a material adjustment within the next financial year
             tahun buku berikutnya termasuk didalam catatan                     are included in the following notes of the consolidated
             atas laporan keuangan konsolidasian berikut ini:                   financial statements:
            Catatan 8: Pemanfaatan rugi pajak                                    Note 8: Utilization of tax losses
            Catatan 11: Estimasi masa manfaat aset tetap                         Note 11: Fixed assets useful lives estimation and
             dan uji penurunan nilai: asumsi utama nilai                           impairment test: key assumptions underlying
             terpulihkan yang mendasarinya                                         recoverable amounts
            Catatan 17: Pendapatan yang ditangguhkan                             Note 17: Unearned revenue
            Catatan 18: Estimasi liabilitas klaim                                Note 18: Estimated claim liabilities
            Catatan 19c: Pengukuran kewajiban imbalan                            Note 19c: Measurement of defined benefits
             pasti; asumsi aktuarial                                               obligation; actuarial assumptions
        Pada saat mengukur nilai wajar suatu aset atau                     When measuring the fair value of an asset or liability, the
        liabilitas, Grup sedapat mungkin menggunakan data                  Group uses observable market data as far as possible. Fair
        pasar yang dapat diobservasi. Nilai wajar dikategorikan            values are categorized into different levels in a fair value
        menjadi berbagai level di dalam hirarki nilai wajar                hierarchy based on the inputs used in the valuation
        berdasarkan input yang digunakan dalam teknik                      techniques as follows:
        penilaian, sebagai berikut:
         Level 1: harga kuotasian (tanpa penyesuaian) di                     Level 1: quoted prices (unadjusted) in active markets
          pasar 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 atas aset atau liabilitas yang tidak                 Level 3: inputs for the asset or liability that are not
          berdasarkan data pasar yang dapat diobservasi (input                 based on observable market data (unobservable inputs).
          yang tidak dapat diobservasi).

        Jika input yang digunakan untuk mengukur nilai wajar               If the inputs used to measure the fair value of an asset or a
        dari aset atau liabilitas berasal dari campuran level              liability are drawn from as mixture of different level sources
        hirarki nilai wajar yang berbeda-beda, maka                        of the fair value hierarchy, then the fair value measurement
        pengukuran nilai wajar untuk kelompok aset atau                    for the entire class of the asset or liability is considered to
        liabilitas dikategorikan seluruhnya dalam level yang               have been done using the lowest level input that is
        sama dengan hirarki nilai wajar level input terendah               significant to the entire measurement (level 3 being the
        yang signifikan untuk keseluruhan pengukuran (level 3              lowest).
        menjadi yang terendah).

        Informasi lebih lanjut mengenai asumsi yang dibuat                 Further information about the assumptions made in
        dalam pengukuran nilai wajar termasuk di dalam                     measuring fair values is included in the following notes to
        catatan atas laporan keuangan konsolidasian berikut                the consolidated financial statements:
        ini:

         Catatan 11: Nilai wajar aset tetap untuk tujuan                     Note 11: Fair values of fixed assets for disclosure
          pengungkapan                                                         purpose
         Catatan 32: Nilai wajar instrumen keuangan                          Note 32: Fair values of financial instruments

                                                                                                                                        15
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              PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                 PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                 CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                            UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022 (Lanjutan)/
                                  NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                 FOR YEARS ENDED 31 DECEMBER 2023 AND 2022 (Continued)
                  (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

2.   DASAR PENYUSUNAN                                                       2. BASIS OF PREPARATION OF THE
     LAPORAN KEUANGAN KONSOLIDASIAN                                    CONSOLIDATED FINANCIAL STATEMENTS
     (Lanjutan)                                                                                   (Continued)

     g. Standar akuntansi baru belum berlaku efektif                  g. New accounting standards not yet effective
        Beberapa standar akuntansi baru telah terbit tetapi                 Certain new accounting standards have been issued that are
        belum efektif dan belum diterapkan di dalam                         not yet effective and have not been applied in preparing
        penyusunan laporan keuangan konsolidasian ini.                      these consolidated financial statements.
        Diantaranya, PSAK 74*, Kontrak Asuransi, berlaku                    Among them, PSAK 74*, Insurance Contract, effective from
        efektif 1 Januari 2025, akan memiliki dampak                        1 January 2025, will have a significant effect on the
        signifikan atas laporan keuangan Grup di masa yang                  Group’s future financial statements.
        akan datang.
        PSAK 74 akan membawa beberapa perbedaan                             PSAK 74 will bring several fundamental changes to current
        fundamental terhadap perlakuan akuntansi saat ini                   accounting under PSAK 62, in both insurance contract
        yang berdasarkan PSAK 62, baik dalam pengukuran                     measurement and profit recognition.
        kontrak asuransi maupun pengakuan laba.
        Model umum PSAK 74 didasarkan pada model arus                       The general model of PSAK 74 is based on a discounted
        kas yang didiskontokan dengan penyesuaian risiko dan                cash flow model with a risk adjustment and deferral of
        penangguhan keuntungan yang diterima di muka.                       unearned profits. A separate approach applies to insurance
        Pendekatan terpisah berlaku untuk kontrak asuransi                  contracts that meet certain requirements.
        yang memenuhi persyaratan tertentu.
        Selain itu, PSAK 74 mensyaratkan informasi yang                     Additionally, PSAK 74 requires more granular information
        lebih terperinci dengan format penyajian untuk laporan              and a new presentation format for the statement of
        laba rugi komprehensif serta pengungkapan yang lebih                comprehensive income as well as extensive disclosures.
        ekstensif.
        Sampai dengan tanggal penerbitan laporan keuangan                   As of the issuance date of the consolidated financial
        konsolidasian, dampak dari standar ini terhadap                     statements, the effects of adopting this standard on the
        laporan keuangan konsolidasian tidak dapat diketahui                consolidated financial statements is not known and cannot
        atau diestimasi dengan andal oleh manajemen.                        be reasonably estimated by management.
        *   sebelum penomoran ulang menjadi PSAK 117                        *     prior    to   renumbering        into    PSAK       117
            (sejak 1 Januari 2024)                                                (from 1 January 2024)


3.   IKHTISAR KEBIJAKAN AKUNTANSI                                                 3. SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL                                                                                          POLICIES
     Kebijakan akuntansi dibawah ini telah diterapkan secara            The accounting policies set out below have been applied
     konsisten terhadap seluruh periode yang disajikan di               consistently to all periods presented in these consolidated
     laporan keuangan konsolidasian ini.                                financial statements.
     a. Setara kas                                                     a.       Cash equivalents
        Deposito berjangka pendek dengan jatuh tempo                            Short-term time deposits with original maturities within
        awalnya dalam 3 bulan atau kurang dianggap sebagai                      three months or less are considered as cash equivalents.
        setara kas.
     b. Penilaian persediaan                                           b.       Inventory valuation
        Persediaan diukur menurut harga yang lebih rendah                       Inventories are measured at the lower of cost and net
        antara harga perolehan dan nilai realisasi neto. Harga                  realizable value. Cost is determined using the weighted
        perolehan ditentukan dengan metode rata-rata                            average cost method and includes expenditures incurred
        tertimbang dan termasuk biaya perolehan persediaan                      in acquiring the inventories and other costs incurred in
        dan biaya lain yang timbul sampai persediaan berada                     bringing them to their present location and condition.
        dalam lokasi dan kondisi saat ini. Biaya atas barang                    Cost of finished products includes an appropriate share of
        jadi termasuk porsi overhead produksi yang sesuai                       production overhead based on normal operating capacity.
        berdasarkan kapasitas normal operasi.

                                                                                                                                       16
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              PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                 PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                 CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                            UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022 (Lanjutan)/
                                  NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                 FOR YEARS ENDED 31 DECEMBER 2023 AND 2022 (Continued)
                  (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

3.   IKHTISAR KEBIJAKAN AKUNTANSI                                             3. SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (Lanjutan)                                                                  POLICIES (Continued)
     b. Penilaian persediaan (Lanjutan)                                 b. Inventory valuation (Continued)
        Nilai realisasi neto adalah taksiran harga jual dalam               Net realizable value is the estimated selling price in the
        kegiatan usaha normal, dikurangi estimasi biaya                     ordinary course of business, less the estimated costs of
        penyelesaian dan estimasi biaya yang diperlukan untuk               completion and the estimated costs necessary to make the
        melakukan penjualan.                                                sale.
     c. Instrumen keuangan                                              c. Financial instruments
        (i) Aset keuangan                                                  (i) Financial assets
             Pada     pengakuan     awal,    aset   keuangan                      On initial recognition, a financial asset is classified
             diklasifikasikan dan diukur pada biaya perolehan                     as measured at amortized cost; fair value through
             diamortisasi; nilai wajar melalui penghasilan                        other comprehensive income (“FVOCI”) – debt
             komprehensif lain (FVOCI) – investasi utang;                         investment; FVOCI – equity investment; or, fair
             FVOCI – investasi ekuitas; atau, nilai wajar                         value through profit or loss (“FVTPL”).
             melalui laba rugi (FVTPL).
             Aset keuangan tidak direklasifikasi setelah                          Financial assets are not reclassified subsequent to
             pengakuan awalnya kecuali jika Grup mengubah                         their initial recognition unless the Group changes its
             model bisnisnya dalam mengelola aset keuangan                        business model for managing financial assets in
             di mana dalam hal ini semua aset keuangan yang                       which case all affected financial assets are
             terkena dampak direklasifikasi pada hari pertama                     reclassified on the first day of the first reporting
             periode pelaporan setelah perubahan dalam model                      period following the change in the business model.
             bisnis.

             Aset keuangan yang diukur pada biaya perolehan                       The financial assets that are measured at amortized
             diamortisasi adalah kas dan setara kas, piutang                      cost consist of cash and cash equivalents, trade
             usaha, piutang premi, piutang non-usaha, deposit                     receivables, premium receivables, non-trade
             jaminan, investasi di surat berharga efek utang                      receivables, guarantee deposits, investment in debt
             dan piutang pinjaman. Aset keuangan ini pada                         securities and loan receivable. These financial assets
             awalnya diakui pada nilai wajar ditambah biaya                       are initially recognized at fair value plus directly
             transaksi yang dapat diatribusikan secara                            attributable transaction costs, and subsequently are
             langsung dan selanjutnya diukur pada biaya                           measured at amortized cost using the effective
             perolehan diamortisasi menggunakan metode                            interest method. The amortized cost is reduced by
             suku bunga efektif. Biaya perolehan diamortisasi                     impairment losses. Interest income, foreign
             dikurangi dengan penurunan nilai. Pendapatan                         exchange gains and losses and impairment are
             bunga, keuntungan dan kerugian selisih kurs dan                      recognized in profit or loss. Any gain or loss on
             penurunan nilai diakui dalam laba rugi. Laba atau                    derecognition is recognized in profit or loss.
             rugi dari penghentian pengakuan diakui dalam
             laba atau rugi.
             Investasi dalam surat berharga efek ekuitas,                         Investments in equity securities, investments in fund
             investasi dana dan piutang usaha dengan                              and trade receivables with dealer financing
             pengaturan pembiayaan diler yang dikategorikan                       arrangement are categorized as measured-at-
             sebagai aset keuangan yang diukur pada FVTPL.                        FVTPL financial assets. These financial assets are
             Aset keuangan ini diakui dan diukur pada nilai                       recognized and measured at fair value and
             wajar dan perubahan selanjutnya atas nilai wajar                     subsequent changes in fair value are recognized in
             diakui di laba rugi. Keuntungan atau kerugian dari                   profit or loss. Gains or losses on derecognition of
             penghentian pengakuan atas aset keuangan                             these financial assets are recognized in profit or loss.
             tersebut diakui dalam laporan laba rugi.
             Reksadana diukur pada FVOCI jika investasi                           Mutual funds are measured-at-FVOCI if it is held
             tersebut dimiliki dalam model bisnis yang                            within a business model whose objective is achieved
             tujuannya untuk memperoleh arus kas kontraktual                      by both collecting contractual cash flows and selling
             dan menjual aset keuangan; dan persyaratan                           financial assets; and its contractual terms give rise
             kontraktualnya menghasilkan arus kas pada                            on specified dates to cash flows that are solely
             tanggal tertentu yang semata dari pembayaran                         payments of principal and interest on the principal
             pokok dan bunga dari jumlah pokok terutang.                          amount outstanding.




                                                                                                                                       17
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              PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                 PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                 CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                            UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022 (Lanjutan)/
                                  NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                FOR YEARS ENDED 31 DECEMBER 2023 AND 2022 (Continued)
                  (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

3.   IKHTISAR KEBIJAKAN AKUNTANSI                                             3. SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (Lanjutan)                                                                  POLICIES (Continued)
     c. Instrumen keuangan (Lanjutan)                                  c.   Financial instruments (Continued)
        (ii) Liabilitas keuangan                                            (ii)   Financial liabilities
             Liabilitas keuangan diklasifikasikan dan diukur                       Financial liabilities are classified as either
             pada biaya perolehan diamortisasi atau pada                           measured-at-amortized cost, or at FVTPL. FVTPL
             FVTPL. Liabilitas keuangan pada FVTPL diukur                          financial liability is measured as such if it is
             sedemikian rupa jika liabilitas tersebut                              classified as held-for-trading, if it is a derivative, or
             diklasifikasikan   sebagai     dimiliki   untuk                       if it is designated as measured-at-FVTPL on initial
             diperdagangkan, merupakan derivatif, atau                             recognition.
             ditetapkan untuk diukur pada FVTPL pada
             pengakuan awal.
             Utang bank jangka pendek, utang usaha, utang                          Short-term bank loans, trade payables, reinsurance
             reasuransi, utang lainnya (kecuali uang muka dari                     payables, other payables (excluding advances from
             pelanggan), beban akrual (kecuali akrual                              customers), accrued expenses (excluding accrued
             kompensasi karyawan) dan liabilitas opsi jual pada                    employee compensation), and put option liability
             awalnya diakui pada nilai wajar ditambah biaya                        are initially recognized at fair value plus transaction
             transaksi dan selanjutnya diukur pada biaya                           costs and subsequently measured at amortized cost
             perolehan diamortisasi dengan menggunakan                             using the effective interest method. Interest expense
             metode suku bunga efektif. Beban bunga dan                            and foreign exchange gains and losses are
             keuntungan dan kerugian selisih kurs diakui dalam                     recognized in profit or loss. Any gain or loss on
             laporan laba rugi. Setiap keuntungan atau kerugian                    derecognition is also recognized in profit or loss.
             penghentian pengakuan juga diakui dalam laba
             rugi.
        (iii) Penghentian pengakuan                                         (iii) Derecognition
             Aset keuangan                                                         Financial assets
             Grup menghentikan pengakuan aset keuangan                             The Group derecognizes a financial asset when the
             ketika hak kontraktual atas arus kas dari aset                        contractual rights to the cash flows from the
             keuangan berakhir, atau ketika mengalihkan hak                        financial asset expire, or when it transfers the rights
             untuk menerima arus kas kontraktual dalam                             to receive the contractual cash flows in a
             transaksi di mana secara substansial semua risiko                     transaction: i.e. when control over the financial
             dan manfaat dari kepemilikan aset keuangan telah                      asset is relinquished.
             dialihkan: ketika kontrol atas aset keuangan
             dilepaskan.
            Transaksi di mana suatu aset keuangan dialihkan                        In transactions where a financial asset is
            namun risiko dan manfaat terkait dengan                                transferred but the risks and rewards associated
            kepemilikan aset tersebut masih dipertahankan                          with ownership are somehow retained, the
            maka aset yang dialihkan tidak dihentikan                              transferred asset is not derecognized.
            pengakuannya.
            Liabilitas keuangan                                                    Financial liabilities
            Grup menghentikan pengakuan liabilitas keuangan                        The Group derecognizes a financial liability when
            ketika kewajiban kontraktualnya telah selesai,                         its contractual obligations are discharged,
            dibatalkan, atau dihentikan. Grup juga tidak lagi                      cancelled, or otherwise extinguished. The Group
            mengakui        liabilitas    keuangan       ketika                    also derecognizes a financial liability when its terms
            persyaratannya dimodifikasi dan arus kas dari                          are modified and the cash flows of the modified
            liabilitas modifikasian tersebut secara substansial                    liability are substantially different, in which case a
            berbeda, di mana dalam hal ini liabilitas keuangan                     new financial liability, based on the modified terms,
            baru, berdasarkan persyaratan yang dimodifikasi,                       is recognized at fair value.
            diakui pada nilai wajar.
            Penghentian pengakuan liabilitas keuangan,                             On derecognition of a financial liability, the
            perbedaan antara nilai tercatat yang dihentikan dan                    difference between the carrying amount
            imbalan yang dibayarkan (termasuk aset non-kas                         extinguished and the consideration paid (including
            yang dialihkan atau diasumsikan sebagai liabilitas)                    any non-cash assets transferred or liabilities
            diakui dalam laba rugi.                                                assumed) is recognized in profit or loss.

                                                                                                                                          18
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                PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                   PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                   CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                              UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022 (Lanjutan)/
                                    NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                  FOR YEARS ENDED 31 DECEMBER 2023 AND 2022 (Continued)
                    (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

3.   IKHTISAR KEBIJAKAN AKUNTANSI                                              3. SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (Lanjutan)                                                                   POLICIES (Continued)
     c.   Instrumen keuangan (Lanjutan)                                   c. Financial instruments (Continued)
        (iv) Penghapusan                                                      (iv) Offsetting
             Aset dan liabilitas keuangan disalinghapuskan dan                     Financial asset and liabilities are offset and the net
             nilai netonya disajikan dalam laporan posisi                          amount is presented in the consolidated statement of
             keuangan konsolidasian ketika Grup memiliki hak                       financial position when the Group has legally
             yang dapat dipaksakan secara hukum untuk                              enforecable right to offset the recognized amounts
             melakukan saling hapus atas jumlah yang telah                         and intends, either to settle on a net basis, or when
             diakui dan terdapat niat untuk menyelesaikan                          the asset is realized and the liability is settled
             secara neto, atau pada saat aset tersebut direalisasi                 simultaneously.
             dan liabilitasnya tersebut diselesaikan secara
             simultan.
        (v) Penurunan nilai                                                   (v)   Impairment
             Grup mengakui penyisihan kerugian untuk                                The Group recognizes loss allowances for expected
             kerugian kredit ekspektasian (KKE) atas aset                           credit loss (“ECL”) on financial assets measured at
             keuangan yang diukur pada biaya perolehan                              amortized cost.
             diamortisasi.
             Pengukuran KKE                                                         Measurement of ECLs
             KKE adalah estimasi kemungkinan-tertimbang                             ECLs are a probability-weighted estimates of credit
             kerugian kredit. Kerugian kredit diukur pada nilai                     losses. Credit losses are measured as the present
             kini dari semua kekurangan kas (yaitu perbedaan                        value of all cash shortfalls (i.e. the difference
             arus kas entitas berdasarkan kontrak dan arus kas                      between the cash flows due to the entity in
             yang diharapkan akan diterima Grup). KKE                               accordance with the contract and the cash flows that
             didiskontokan pada suku bunga efektif dari aset                        the Group expects to receive). ECLs are discounted
             keuangan.                                                              at the effective interest rate of the financial asset.
             Penyajian penyisihan KKE dalam laporan posisi                          Presentation of allowance for ECL in the statement
             keuangan                                                               of financial position
             Penyisihan kerugian untuk aset keuangan yang                           Loss allowances for financial assets measured at
             diukur pada biaya perolehan diamortisasi                               amortized cost are deducted from the gross carrying
             dikurangkan dari jumlah bruto aset. Grup                               amount of the assets. The Group measures loss
             mengukur penyisihan kerugian dengan jumlah                             allowances at an amount that reflects the lifetime
             yang mencerminkan KKE seumur hidup, kecuali                            ECL, except for cash in bank for which credit risk
             untuk kas di bank, pinjaman kepada karyawan dan                        (i.e. the risk of default occurring over the expected
             jaminan yang dapat dikembalikan dengan risiko                          life of the financial instrument) has not increased
             kredit (misalnya risiko gagal bayar yang terjadi                       significantly since initial recognition, wherein the
             selama umur yang diharapkan dari instrumen
                                                                                    loss allowances are determined based on the 12-
             keuangan) tidak meningkat secara signifikan sejak
             pengakuan awal, di mana penyisihan kerugian                            month ECL.
             ditentukan berdasarkan KKE 12 bulan.
             Penyisihan kerugian untuk piutang usaha dan                            Loss allowances for trade and other receivables that
             piutang lain-lain yang diukur dengan biaya                             are measured at amortized cost, in which there is
             perolehan diamortisasi di mana telah terjadi                           significant increase in credit risk since initial
             peningkatan risiko kredit secara signifikan sejak                      recognition, are measured at an amount that
             pengakuan awal, diukur pada jumlah yang                                represents the lifetime ECL.
             mencerminkan KKE seumur hidup.
     d. Investasi pada entitas asosiasi                                   d. Investments in associates
          Entitas asosiasi adalah suatu entitas di mana Grup                  Associates are those entities in which the Group has
          memiliki pengaruh yang signifikan, namun tidak                      significant influence, but not control (as defined in
          memiliki pengendalian (seperti yang didefinisikan di                Note 2b) or joint control, over the entities’ financial and
          Catatan 2b) atau pengendalian bersama, atas kebijakan               operating policies. Significant influence is presumed to
          finansial dan operasional entitas tersebut. Pengaruh                exist when the Group holds between 20% and 50% of the
          signifikan dianggap ada pada saat Grup memiliki antara              voting power of the associate.
          20% dan 50% hak suara entitas asosiasi.

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                PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                   PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                   CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                              UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022 (Lanjutan)/
                                    NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                  FOR YEARS ENDED 31 DECEMBER 2023 AND 2022 (Continued)
                    (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

3.   IKHTISAR KEBIJAKAN AKUNTANSI                                                 3. SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (Lanjutan)                                                                      POLICIES (Continued)
     d. Investasi pada entitas asosiasi (Lanjutan)                         d. Investments in associates (Continued)
          Investasi pada entitas asosiasi dicatat menggunakan                   Investments in associates are accounted for using the
          metode ekuitas dan diakui pada saat awal sebesar harga                equity method and are recognized initially at cost. When
          perolehan. Pada saat porsi kerugian milik Grup                        the Group’s share of losses exceeds the interests in an
          melebihi jumlah kepentingan di entitas asosiasi, jumlah               equity-accounted associate, the carrying amount of that
          tercatatnya tersebut berkurang sampai nol, dan                        interests is reduced to zero, and the recognition of further
          pengakuan kerugian lebih lanjut dihentikan kecuali                    losses is discontinued except to the extent that the Group
          Grup memiliki kewajiban untuk melakukan                               has an obligation, or has made payments, on behalf of the
          pembayaran, atau telah melakukan pembayaran, atas                     associate.
          nama entitas asosiasi.
     e.   Aset tetap                                                       e. Fixed assets
          Tanah disajikan sebesar harga perolehan (termasuk                     Land is presented at acquisition cost (including legal
          biaya legal untuk memperoleh tanah) dan tidak                         costs incurred in transactions to acquire the land) and is
          diamortisasi.                                                         not amortized.

          Aset tetap lainnya diukur menggunakan model biaya,                    Other fixed assets are measured using cost model, i.e.
          pada awalnya diukur sebesar biaya perolehan dan                       initially measured at cost and subsequently net of
          selanjutnya dikurangi akumulasi penyusutan dan                        accumulated depreciation and accumulated impairment
          akumulasi kerugian penurunan nilai. Penyusutan                        losses. Depreciation is computed from the month such
          dihitung sejak bulan aset tersebut siap digunakan                     assets are ready to be used over the following estimated
          dengan estimasi masa manfaatnya berikut:                              useful lifes:
                                                               Tahun/Years

          Bangunan                                                8 – 20                                                             Buildings
          Perlengkapan bangunan                                      4                                                    Building equipment
          Peralatan                                                4–8                                                             Equipment
          Kendaraan                                                4–8                                                                Vehicles
          Peralatan kantor                                         3–8                                                       Office equipment
          Sarana dan prasarana                                     3–8                                          Facilities and infrastructures
          Metode penyusutannya adalah sebagai berikut:                          The depreciation methods are as follows:
          Bangunan                                        Garis lurus/ Straight line                                                Buildings
          Perlengkapan bangunan                           Garis lurus/ Straight line                                     Building equipment
          Peralatan                                       Garis lurus/ Straight line                                              Equipment
          Kendaraan                                       Garis lurus/ Straight line                                                 Vehicles
          Peralatan kantor                                Garis lurus/ Straight line                                        Office equipment
          Sarana dan prasarana                            Garis lurus/ Straight line                           Facilities and infrastructures
          Aset dalam pembangunan merupakan akumulasi dari                       Assets under construction represent the accumulated
          biaya-biaya bahan, peralatan serta biaya lainnya yang                 costs of materials, equipment and other costs directly
          berkaitan langsung dengan penyelesaian aset tetap,                    related to construction of fixed assets, including
          termasuk biaya pinjaman. Akumulasi biaya tersebut                     borrowing costs. The accumulated cost is reclassified to
          akan direklasifikasi ke dalam kategori aset tetap yang                the related categories of fixed assets when that asset
          bersangkutan pada saat pekerjaan selesai dan aset                     under construction is completed and ready for its
          tersebut siap untuk digunakan sesuai dengan tujuannya.                intended use.
          Biaya pinjaman yang berhubungan langsung dengan                       Borrowing costs directly attributable to the acquisition
          perolehan atau konstruksi aset kualifikasian                          or construction of qualifying assets are capitalized as
          dikapitalisasi sebagai bagian dari nilai perolehan aset               part of the cost of those assets. Capitalization of
          tersebut. Kapitalisasi biaya pinjaman dihentikan ketika               borrowing costs ceases when the qualifying assets are
          aset kualifikasian tersebut telah diperoleh atau                      acquired or their constructions are completed and ready
          konstruksinya selesai dan siap untuk digunakan.                       for use.



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                PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                   PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                    CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                               UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022 (Lanjutan)/
                                     NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                   FOR YEARS ENDED 31 DECEMBER 2023 AND 2022 (Continued)
                     (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

3.   IKHTISAR KEBIJAKAN AKUNTANSI                                               3. SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (Lanjutan)                                                                    POLICIES (Continued)
     e. Aset tetap (Lanjutan)                                              e. Fixed assets (Continued)
          Beban pemeliharaan normal dibebankan ke laba rugi                    Normal maintenance expenses are charged to the current
          konsolidasian tahun berjalan; sedangkan pemugaran,                   year consolidated profit or loss; while renovation,
          penambahan dan perluasan yang menambah masa                          betterments, and expansion that increase the useful life
          manfaat atau kapasitas aset tetap dikapitalisasi. Aset               or capacity of the assets are capitalized. Fixed assets that
          tetap yang tidak digunakan lagi atau dijual, dikeluarkan             are no longer utilized or sold are removed from fixed
          dari aset tetap, dan laba atau rugi yang terjadi diakui di           assets, and the gains or losses are recognized in the
          laba rugi konsolidasian tahun berjalan.                              current year consolidated profit or loss.
          Masa manfaat ekonomik, nilai residu dan metode                       The useful lives, residual values and depreciation method
          penyusutan dikaji ulang setiap akhir tahun dan                       are reviewed at each year end, with the effect of any
          pengaruh setiap perubahan estimasi tersebut                          changes in estimate accounted for on a prospective basis.
          diperlakukan secara prospektif.
     f.   Aset takberwujud                                                 f. Intangible assets
          Aset takberwujud yang diperoleh, yang terdiri dari                   The acquired intangible assets, which comprise customer
          kontrak dengan pelanggan, hubungan dengan                            contracts, customer relationships, computer software
          pelanggan, ijin perangkat lunak komputer, perangkat                  licenses, customer relationship software and its
          lunak untuk customer relationship dan perangkat keras                corresponding hardwares have finite useful lives, and are
          terkait memiliki masa manfaat yang terbatas, dan diukur              measured at cost less accumulated amortization and
          pada biaya perolehan dikurangi akumulasi amortisasi                  accumulated impairment losses.
          dan akumulasi kerugian penurunan nilai.
          Amortisasi diakui di laba atau rugi atas dasar garis lurus           Amortization is recognized in profit or loss on a straight-
          selama estimasi masa manfaat aset takberwujud                        line basis over the estimated useful lives of intangible
          tersebut, sejak tanggal aset tersebut tersedia untuk                 assets, from the date they are available for use. The
          digunakan. Estimasi masa manfaat dari aset                           estimated useful lives of the Group’s acquired intangible
          takberwujud yang diperoleh Grup adalah 8 tahun.                      assets is 8 years.
          Pengeluaran selanjutnya dikapitalisasi hanya ketika                  Subsequent expenditures are capitalized only when they
          pengeluaran tersebut meningkatkan manfaat ekonomik                   increase the future economic benefits embodied in the
          masa depan dari aset yang bersangkutan.                              specific asset to which they relate.
        Aset takberwujud juga termasuk biaya legal yang                       Intangible assets also include deferred legal costs
        ditangguhkan, yang timbul pada saat memperbaharui                     incurred in transactions to renew land rights, which are
        hak atas tanah, yang diamortisasi atas dasar garis lurus              amortized on a straight-line basis over the usage term of
        selama jangka waktu hak tersebut.                                     the rights.
     g. Penurunan nilai aset nonkeuangan                                   g. Impairment of non-financial assets
          Pada setiap tanggal pelaporan, Grup menelaah nilai                   At each reporting date, the Group asseses the carrying
          tercatat aset nonkeuangan untuk menentukan apakah                    amount of non-financial assets to determine whether
          terdapat indikasi penurunan nilai. Jika terdapat indikasi            there is any indication of impairment. If any such
          tersebut, nilai terpulihkan aset nonkeuangan tersebut                indication exists, then the recoverable amount of the non-
          diestimasi.                                                          financial asset is estimated.
          Kerugian penurunan nilai diakui apabila nilai tercatat               An impairment loss is recognized if the carrying amount
          suatu aset atau unit penghasil kas melebihi nilai                    of an asset or a cash-generating unit exceeds its
          terpulihkan. Unit penghasil kas adalah kelompok aset                 recoverable amount. A cash-generating unit is the
          terkecil teridentifikasi yang menghasilkan arus kas                  smallest identifiable asset group that generates cash
          masuk yang sebagian besar independen dari aset                       flows that largely are independent from other assets.
          lainnya. Kerugian penurunan nilai diakui di laba rugi                Impairment losses are recognized in the consolidated
          konsolidasian.                                                       profit or loss.




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                PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                   PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                   CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                              UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022 (Lanjutan)/
                                    NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                  FOR YEARS ENDED 31 DECEMBER 2023 AND 2022 (Continued)
                    (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

3.   IKHTISAR KEBIJAKAN AKUNTANSI                                              3. SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (Lanjutan)                                                                   POLICIES (Continued)
     g. Penurunan nilai aset nonkeuangan (Lanjutan)                       g. Impairment of non-financial assets (Continued)
        Nilai terpulihkan dari suatu aset atau unit penghasil kas             The recoverable amount of an asset or a cash-generating
        adalah nilai tertinggi antara nilai wajar dikurangi biaya             unit is the greater of its fair value less cost to sell and its
        untuk menjualnya dengan nilai pakainya. Dalam                         value in use. In assessing value in use, the estimated
        menaksir nilai pakai, estimasi arus kas masa depan                    future cash flows are discounted to their present value
        didiskonto ke nilai kininya menggunakan tingkat                       using a pre-tax discount rate that reflects current market
        diskonto sebelum pajak yang mencerminkan penilaian                    assessments of the time value of money and the risks
        pasar kini atas nilai waktu dari uang dan risiko spesifik             specific to the asset or cash-generating unit.
        atas aset atau unit penghasil kas tersebut.
        Kerugian penurunan nilai yang diakui di periode                       Impairment losses recognized in prior periods are
        sebelumnya ditelaah pada setiap tanggal pelaporan                     assessed at each reporting date for any indications that
        apakah terdapat indikasi bahwa kerugian telah menurun                 the loss has decreased or no longer exists. An impairment
        atau tidak ada lagi. Rugi penurunan nilai dibalik jika                loss is reversed if there has been a change in the estimates
        terdapat perubahan estimasi yang digunakan untuk                      used to determine the recoverable amount. An
        menentukan nilai terpulihkannya. Rugi penurunan nilai                 impairment loss is reversed only to the extent that the
        dibalik hanya sebatas nilai tercatat aset atau unit                   asset or cash-generating unit’s carrying amount does not
        penghasil kas tersebut tidak melebihi nilai tercatat yang             exceed the carrying amount that would have been
        ditentukan, neto setelah dikurangi penyusutan atau                    determined, net of depreciation or amortization, if no
        amortisasi, bila kerugian penurunan nilai tidak diakui.               impairment loss had been recognized.
     h. Provisi                                                          h.   Provisions
          Provisi diakui jika, sebagai akibat peristiwa masa lalu,            A provisions is recognized if, as a result of a past event,
          Grup memiliki kewajiban masa kini, baik bersifat                    the Group has a present legal or constructive obligation
          hukum maupun bersifat konstruktif, yang dapat                       that can be estimated reliably and it is probable that an
          diestimasi secara andal dan kemungkinan besar                       outflow of economic benefits will be required to settle the
          penyelesaian kewajiban tersebut mengakibatkan arus                  obligation. Provisions are determined by discounting the
          keluar sumber daya yang mengandung manfaat                          estimated future cash flows at a pre-tax rate that reflects
          ekonomi. Provisi ditentukan dengan mendiskontokan                   current market assessments of the time value of money
          estimasi arus kas masa depan pada tingkat diskonto                  and the risks specific to the liability, unless the effect of
          sebelum pajak yang mencerminkan penilaian pasar kini                discounting are insignificant.
          atas nilai waktu dari uang dan risiko yang terkait
          dengan liabilitas yang bersangkutan, kecuali pengaruh
          dari pendiskontoan tidak signifikan.
     i.   Premi yang ditangguhkan atas kontrak asuransi                  i.   Unearned premiums on insurance contracts
          Premi yang belum merupakan pendapatan merupakan                     The unearned premiums represents that portion of
          porsi pendapatan premi asuransi yang diterima atau                  insurance premiums received or receivable which relates
          yang akan diterima terkait dengan risiko yang masih                 to risks that have not yet expired at the reporting date.
          dipertanggungkan pada tanggal pelaporan.
          Untuk kontrak asuransi jangka pendek, cadangan premi                For the short-duration insurance contracts, the premium
          diakui pada saat kontrak diakui dan premi dikenakan                 reserve is recognized when contracts are entered into and
          kepada pelanggan, dan dicatat sebagai pendapatan                    premiums are charged, and is brought to account as
          premi selama jangka waktu kontrak sesuai dengan pola                premium income over the term of the contract in
          pertanggungan asuransi yang diatur dalam kontrak                    accordance with the pattern of insurance coverage
          (basis harian).                                                     provided under the contract (daily basis).
          Untuk kontrak asuransi jangka panjang, liabilitas                   For the long-duration insurance contracts, liability for
          manfaat polis masa depan diakui dalam laporan posisi                future benefits is recognized in the statement of financial
          keuangan berdasarkan perhitungan aktuarial. Liabilitas              position based on actuarial calculation. The liability
          tersebut mencerminkan nilai kini estimasi pembayaran                respresents present value of expected contractual future
          seluruh manfaat yang diperjanjikan termasuk seluruh                 benefit payments including options provided, present
          opsi yang disediakan, nilai kini estimasi seluruh biaya             value of expected future expense disbursement, and
          yang akan dikeluarkan, dan nilai kini estimasi                      present value of expected future gross premium receipts.
          penerimaan premi di masa depan.
                                                                                                                                           22
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                PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                   PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                   CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                              UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022 (Lanjutan)/
                                    NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                  FOR YEARS ENDED 31 DECEMBER 2023 AND 2022 (Continued)
                    (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

3.   IKHTISAR KEBIJAKAN AKUNTANSI                                              3. SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (Lanjutan)                                                                   POLICIES (Continued)

     i.   Premi yang ditangguhkan atas kontrak asuransi                 i.    Unearned premiums on insurance contracts (Continued)
          (Lanjutan)
          Pada setiap tanggal pelaporan, Grup menelaah risiko                 At each reporting date, the Group reviews its unexpired
          yang masih dipertanggungkan dan melakukan tes                       risk and performs a liability adequacy test to determine
          kecukupan liabilitas untuk menentukan apakah klaim                  whether there is any overall excess of expected claims
          yang diperkirakan akan terjadi melebihi premi yang                  over unearned premiums. This calculation uses current
          belum merupakan pendapatan. Perhitungan ini                         estimates of future contractual cash flows after taking
          menggunakan estimasi kini atas arus kas masa depan                  account of the investment return expected to arise on
          berdasarkan kontrak asuransi setelah memperhitungkan                assets relating to the relevant technical provisions. If
          hasil investasi yang diharapkan dihasilkan dari aset                these estimates show that the carrying amount of the
          terkait cadangan teknis asuransi kerugian. Jika estimasi            unearned premiums is inadequate, the deficiency is
          ini menunjukkan bahwa nilai tercatat premi yang belum               recognized in the consolidated profit or loss by setting up
          merupakan pendapatan tidak mencukupi, kekurangan                    a provision for premium deficiency.
          tersebut diakui dalam laba rugi konsolidasian dengan
          membentuk cadangan untuk kekurangan premi.
     j.   Imbalan kerja                                                  j.   Employment benefits
          Imbalan pascakerja                                                  Post-employment benefits
          Liabilitas atas imbalan pascakerja dihitung sebesar                 The liability for post-employment benefits is calculated at
          nilai kini dari estimasi jumlah imbalan pascakerja di               the present value of estimated future benefits that the
          masa depan yang timbul dari jasa yang telah diberikan               employees have earned in return for their services in the
          oleh karyawan pada masa kini dan masa lalu.                         current and prior periods. The calculation is performed
          Perhitungan dilakukan oleh aktuaris berkualifikasi                  by a qualified actuary, using the projected unit credit
          dengan menggunakan metode projected unit credit.                    method.

          Keuntungan atau kerugian yang timbul dari                           Gains or losses arising from actuarial remeasurements of
          pengukuran kembali aktuarial dari liabilitas imbalan                the obligation for post-employment benefits are
          pascakerja diakui segera dalam penghasilan                          recognized immediately in other comprehensive income.
          komprehensif lain. Ketika manfaat atas program                      When the benefits of a plan change or when a plan is
          berubah atau ketika terjadi kurtailmen program,                     curtailed, the resulting change in benefits that relates to
          dampak perubahan atas manfaat sehubungan dengan                     past service or the gain or loss on curtailment is
          jasa lalu atau keuntungan atau kerugian atas kurtailmen             recognized immediately in profit or loss.
          diakui segera dalam laba rugi.
          Imbalan kerja jangka panjang lainnya                                Other long-term employee benefits
          Liabilitas neto atas imbalan kerja jangka panjang selain            The net obligation in respect of long-term employee
          imbalan pascakerja adalah nilai dari imbalan di masa                benefits other than post-employment benefits is the
          depan yang timbul dari jasa yang telah diberikan oleh               amount of future benefits that employees have earned in
          karyawan pada masa kini dan masa lalu. Keuntungan                   return for their services in the current and prior periods.
          atau kerugian aktuarial yang timbul diakui di laba rugi             Any actuarial gains and losses are recognized in the
          konsolidasian pada saat terjadi.                                    consolidated profit or loss in the period in which they
                                                                              arise.
          Kompensasi berbasis saham                                           Share-based compensations
          Nilai wajar saat tanggal pemberian kompensasi                       The grant-date fair value of share-based compensation
          berbasis saham ke karyawan diakui sebagai beban                     granted to employees is recognized as an employee
          karyawan, beserta perubahan terkaitnya di ekuitas,                  expense, with a corresponding change in equity, over the
          selama periode sampai dengan karyawan berhak tanpa                  period that the employees become unconditionally
          syarat atas kompensasi tersebut.                                    entitled to the compensation.



                                                                                                                                       23
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                PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                   PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                   CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                              UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022 (Lanjutan)/
                                    NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                  FOR YEARS ENDED 31 DECEMBER 2023 AND 2022 (Continued)
                    (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

3.   IKHTISAR KEBIJAKAN AKUNTANSI                                               3. SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (Lanjutan)                                                                    POLICIES (Continued)

     j.   Imbalan kerja (Lanjutan)                                        j.   Employment benefits (Continued)
          Kompensasi berbasis saham (Lanjutan)                                 Share-based compensations (Continued)
          Nilai yang diakui sebagai beban disesuaikan untuk                    The amount recognized as an expense is adjusted to
          merefleksikan kompensasi yang kondisi jasa dan                       reflect the compensations for which the related service
          kinerja bukan-pasarnya diharapkan untuk dipenuhi,                    and non-market performance conditions are expected to
          sedemikian rupa sehingga nilai yang akhirnya diakui                  be met, such that the amount ultimately recognized as an
          sebagai beban adalah sesuatu yang didasarkan pada                    expense is based on the compensations that meet the
          kompensasi yang memenuhi kondisi jasa dan kinerja                    related service and non-market performance conditions
          bukan-pasar terkait pada saat tanggal ketereksekusian                at the vesting date. For share-based compensations with
          (vesting). Untuk kompensasi berbasis saham dengan                    market and non-vesting conditions, the respective grant-
          kondisi pasar dan non-vesting, nilai wajar saat tanggal              date fair value is measured to reflect such conditions and
          pemberiannya diukur untuk merefleksikan kondisi                      there is no true-up for differences between expected and
          tersebut dan tidak terdapat penyesuaian atas selisih                 actual outcomes.
          antara hasil yang diharapkan dan aktualnya.
     k. Sewa                                                              k. Leases
        Grup sebagai penyewa                                                 Group as lessee
          Pada tanggal insepsi suatu kontrak, Grup menentukan                  At the inception date of a contract, the Group determines
          apakah suatu kontrak merupakan, atau mengandung,                     whether a contrat is, or contains, a lease by considering
          suatu sewa dengan mempertimbangkan apakah kontrak                    whether the contract conveys the right to control the use
          tersebut memberikan hak untuk mengendalikan                          of identifying aset over a period of time in exchange for
          penggunaan suatu aset identifikasian selama suatu                    a consideration. A contract provides the right to control
          jangka waktu untuk dipertukarkan dengan imbalan.                     the use of an identifying asset if all the following
          Suatu kontrak memberikan hak untuk mengendalikan                     conditions are met:
          penggunaan suatu aset identifikasian jikalau semua
          kondisi berikut ini terpenuhi:
          -     Kontrak       melibatkan    penggunaan       secara            -   The contract involves the use of substantially all of
                substansial seluruh kapasitas aset identifikasian                  the capacity of an identified asets that is physically
                yang secara fisik dapat dibedakan (yang                            distinct (as specified explicitly or implicitly in the
                dinyatakan secara eksplisit atau implisit di dalam                 contract). If the supplier has a substantive
                kontrak). Jika pemasok memiliki hak substitusi                     substitution right, then the asset cannot be
                substantif, maka aset tersebut tidak dapat                         considered as identifiable;
                dianggap sebagai teridentifikasi;
           -    Grup memiliki hak untuk memperoleh secara                      -   Group has the right to obtain substantially all of the
                substansial seluruh manfaat ekonomi dari                           economic benefits from the use of the asset
                penggunaan aset selama periode penggunaan; dan                     throughout the period of use; and
           -    Grup memiliki hak untuk mengarahkan                            -   Group has the right to direct the use of the asset: i.e.
                penggunaan aset yaitu Grup memiliki hak                            it has decision-making rights that are most relevant
                pengambilan keputusan yang paling relevan untuk                    to changing how and for what purpose the asset is
                mengubah bagaimana dan untuk tujuan apa aset                       used
                tersebut digunakan.
          Pada tanggal insepsi atau pada saat penilaian kembali                At inception or on reassessment of a contract that
          suatu kontrak yang mengandung suatu komponen sewa,                   contains a lease component, the Group allocates the
          Grup mengalokasikan imbalan dalam kontrak ke                         consideration in the contract to each lease component on
          masing-masing komponen sewa berdasarkan harga                        the basis of their relative stand-alone prices.
          relatif tersendiri dari komponen sewa.




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              PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                 PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                 CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                            UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022 (Lanjutan)/
                                  NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                FOR YEARS ENDED 31 DECEMBER 2023 AND 2022 (Continued)
                  (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

3.   IKHTISAR KEBIJAKAN AKUNTANSI                                               3. SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (Lanjutan)                                                                    POLICIES (Continued)
     k. Sewa (Lanjutan)                                                 k. Leases (Continued)
        Grup sebagai penyewa (Lanjutan)                                     Group as lessee (Continued)
        Grup mengakui aset hak guna dan liabilitas sewa pada                Group recognizes a right-of-use asset and a lease
        tanggal dimulainya sewa. Aset hak guna awalnya                      liability at the lease commencement date. The right-of-
        diukur pada biaya perolehan, yang terdiri dari jumlah               use asset is initially measured at cost, which comprises
        pengukuran awal dari liabilitas sewa disesuaikan                    the initial amount of the lease liability adjusted for any
        dengan pembayaran sewa yang dilakukan pada atau                     lease payments made at or before the commencement
        sebelum tanggal permulaan, ditambah dengan biaya                    date, plus any initial direct costs incurred and an
        langsung awal yang dikeluarkan, dan estimasi biaya                  estimate of costs to dismantle and remove the underlying
        untuk membongkar dan memindahkan aset pendasar                      asset or to restore the underlying asset or the site on
        atau untuk merestorasi aset pendasar atau tempat di                 which it is located, less any lease incentives received.
        mana aset berada, dikurangi insentif sewa yang
        diterima.
        Aset hak guna selanjutnya disusutkan dengan                         The right-of-use asset is subsequently depreciated using
        menggunakan metode garis-lurus dari tanggal                         the straight-line method from the commencement date to
        permulaan hingga tanggal yang lebih awal antara akhir               the earlier of the end of the useful life of the right-of-use
        masa manfaat aset hak guna atau akhir masa sewa.                    asset or the end of the lease term. The estimated useful
        Estimasi umur aset hak guna ditentukan dengan basis                 lives of right-of-use assets are determined on the same
        yang sama dengan aset tetap. Selain itu, aset hak guna              basis as those of fixed assets. In addition, the right-of-use
        secara berkala dikurangi dengan kerugian penurunan                  asset is periodically reduced by impairment losses if any,
        nilai, jika ada, dan disesuaikan dengan pengukuran                  and adjusted for certain remeasurements of the lease
        kembali liabilitas sewa (seperti yang dijelaskan di                 liability (as described below).
        bawah ini).

        Liabilitas sewa awalnya diukur pada nilai kini atas                 The lease liability is initially measured at the present
        pembayaran sewa yang belum dibayar pada tanggal                     value of the lease payments that are not paid at the
        permulaan, didiskontokan menggunakan suku bunga                     commencement date, discounted using the interest rate
        implisit dalam sewa atau, jika suku bunga tersebut tidak            implicit in the lease or, if that rate cannot be readily
        dapat ditentukan, digunakan suku bunga pinjaman                     determined, the Group’s incremental borrowing rate.
        inkremental Grup.
        Pembayaran sewa yang termasuk dalam pengukuran                      Lease payments included in the measurement of the lease
        liabilitas sewa terdiri dari:                                       liability consist of the following:
         - pembayaran tetap, termasuk pembayaran tetap                      - fixed payments, including in-substance fixed
             secara substansi;                                                   payments;
         - pembayaran sewa variabel yang bergantung pada                    - variable lease payments that depend on the index or
             suatu indeks atau suku bunga, yang pada awalnya                     a rate, initially measured using the index or rate as
             diukur dengan menggunakan indeks atau suku                          at the commencement date;
             bunga pada tanggal permulaan;
         - jumlah yang diharapkan akan dibayarkan                           -     amounts expected to be payable under a residual
             berdasarkan jaminan nilai residual; dan                              value guarantee; and
         - harga eksekusi opsi beli di mana Grup cukup pasti                -     the exercise price under a purchase option that the
             untuk mengeksekusi opsi tersebut, pembayaran                         Group is reasonably certain to exercise, lease
             sewa dalam periode perpanjangan opsional jika                        payments in an option renewal period if Group is
             Grup cukup pasti untuk mengeksekusi opsi                             reasonably certain to exercise an extension option,
             perpanjangan, dan penalti untuk penghentian dini                     and penalties for early termination of a lease unless
             dari sewa kecuali jika Grup cukup pasti untuk tidak                  Group is reasonably certain not to terminate early.
             mengakhirinya lebih dini.




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                PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                   PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                   CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                              UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022 (Lanjutan)/
                                    NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                  FOR YEARS ENDED 31 DECEMBER 2023 AND 2022 (Continued)
                    (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

3.   IKHTISAR KEBIJAKAN AKUNTANSI                                               3. SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (Lanjutan)                                                                    POLICIES (Continued)
     k. Sewa (Lanjutan)                                                   k. Leases (Continued)
          Grup sebagai penyewa (Lanjutan)                                      Group as lessee (Continued)
          Liabilitas sewa diukur pada biaya perolehan                          The lease liability is measured at amortized cost using the
          diamortisasi menggunakan metode suku bunga efektif.                  effective interest method. It is remeasured when there is
          Liabilitas sewa diukur kembali ketika ada perubahan                  a change in future lease payments arising from a change
          pembayaran sewa masa depan yang timbul dari                          in an index or rate, if there is a changes in the Group’s
          perubahan indeks atau suku bunga, jika ada perubahan                 estimate of the amount expected to be payable under a
          estimasi Grup atas jumlah yang diperkirakan akan                     residual value guarantee, or if the Group changes its
          dibayar dalam jaminan nilai residual, atau jika Grup                 assessment of whether it will exercise a purchase,
          mengubah penilaiannya apakah akan mengeksekusi                       extension or termination option.
          opsi beli, perpanjangan atau penghentian.

          Ketika liabilitas sewa diukur kembali dengan cara ini,               When the lease liability is measured this way, a
          penyesuaian terkait dilakukan terhadap jumlah tercatat               corresponding adjustment is made to the carrying
          aset hak guna, atau dicatat dalam laba rugi jika jumlah              amount of the right-of-use asset, or is recorded in profit
          tercatat aset hak guna telah berkurang menjadi nol.                  or loss if the carrying amount of the right-of-use asset has
                                                                               been reduced to zero.
          Sewa jangka-pendek dan sewa aset bernilai-rendah                     Short-term leases and leases of low-value assets
          Grup telah memilih untuk tidak mengakui aset hak guna                The Group has elected not to recognize right-of-use
          dan kewajiban sewa untuk sewa gedung jangka-pendek                   assets and lease liabilities for short-term leases of
          yang memiliki masa sewa 12 bulan atau kurang dan                     building that have a lease term of 12 months or less and
          sewa aset bernilai-rendah termasuk perlengkapan                      leases of low value asset including office equipment. The
          kantor. Grup mengakui pembayaran sewa terkait                        Group recognizes the lease payments associated with
          dengan sewa tersebut sebagai beban dengan metode                     these leases as an expense on a straight-line basis over
          garis lurus selama masa sewa.                                        the lease term.
     l. Modal saham                                                       l.    Share capital
        Biaya tambahan yang secara langsung dapat                              Incremental costs directly attributable to the issuance of
        diatribusikan kepada penerbitan saham biasa atau opsi                  new ordinary shares or options are presented in equity as
        disajikan pada ekuitas sebagai pengurang penerimaan,                   a deduction, net of tax, from the proceeds.
        setelah dikurangi pajak.
     m. Saham tresuri                                                     m. Treasury stock
        Saham tresuri diukur sebesar imbalan yang dibayarkan,                Treasury stock is measured at consideration paid,
        termasuk biaya transaksi signifikan yang dapat                       including any significant directly attributable transaction
        diatribusikan secara langsung (dikurangi pajak                       costs (net of income taxes), and is deducted from equity
        penghasilan), dan dikurangkan dari ekuitas yang dapat                attributable to the owners of the Company. Upon
        diatribusikan kepada pemilik entitas induk. Pada saat                reissuance, the Company recognizes any consideration
        diterbitkan kembali, Perseroan mengakui sebesar                      received, net of any significant directly attributable
        imbalan yang diterima, dikurangi biaya transaksi                     transaction costs, and is recognized directly in equity
        signifikan yang dapat diatribusikan secara langsung,                 attributable to the owners of the Company. Gains or
        dan diakui secara langsung di ekuitas yang dapat                     losses arising from purchase, sale, issuance or
        diatribusikan kepada pemilik entitas induk. Kerugian                 cancellation of treasury stock is not recognized in the
        atau keuntungan yang timbul dari pembelian, penjualan,               consolidated profit or loss.
        penerbitan atau pembatalan saham tresuri tidak diakui
        di laba rugi konsolidasian.
     n. Pengakuan pendapatan                                              n. Recognition of revenue
        Pendapatan diukur berdasarkan pertimbangan yang                      Revenue is measured based on the consideration
        ditentukan dalam kontrak dengan pelanggan. Grup                      specified in a contract with a customer. Group recognizes
        mengakui pendapatan atas penjualan barang ketika                     revenue from the sales of goods when it transfers control
        telah mengalihkan pengendalian atas produk ke                        over a product to a customer.
        pelanggan.



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                PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                   PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                   CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                              UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022 (Lanjutan)/
                                    NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                  FOR YEARS ENDED 31 DECEMBER 2023 AND 2022 (Continued)
                    (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

3.   IKHTISAR KEBIJAKAN AKUNTANSI                                              3. SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (Lanjutan)                                                                   POLICIES (Continued)
     n.   Pengakuan pendapatan (Lanjutan)                                 n. Recognition of revenue (Continued)
          Rincian berikut memberikan informasi tentang sifat dan             The following details provides information about the
          waktu pemenuhan pelaksanaan dalam kontrak dengan                   nature and timing of the satisfaction of performance
          pelanggan, termasuk ketentuan pembayaran yang                      obligations in contracts with customers, including
          signifikan, dan kebijakan pengakuan pendapatan                     significant payment terms, and the related revenue
          terkait.                                                           recognition policies.
          Sifat dan waktu pemenuhan kewajiban pelaksanaan,                    Nature and timing of satisfaction of performance
          termasuk ketentuan pembayaran yang signifikan                       obligations, including significant payment terms
          Pelanggan memperoleh pengendalian atas barang,                      Customers obtain control of the goods, usually when the
          biasanya pada saat barang tersebut dikirim dari gudang              goods are dispatched from the warehouse or when they
          atau ketika barang tersebut diterima dari gudang                    are received at customer’s warehouse. Invoices are
          pelanggan. Faktur diterbitkan dan pendapatan diakui                 generated and revenue is recognised at that point in time.
          pada waktu tersebut. Faktur pada umumnya terhutang                  Invoices are usually payable within 14 - 60 days.
          dalam waktu 14 - 60 hari.
          Kebijakan pengakuan pendapatan                                      Revenue recognition policies
          Pendapatan diakui pada saat pelanggan memperoleh                    Revenue is recognized when the customer obtains control
          pengendalian atas barang, biasanya pada saat barang                 of the goods, usually when the goods are dispatched from
          tersebut dikirim dari gudang atau ketika produk tersebut            the warehouse or when they are received at customer’s
          diterima di gudang pelanggan, karena pada saat itu                  warehouse, because by that time the customer can direct
          pelanggan dapat langsung menggunakan barang                         the use of the goods and the customer will obtain
          tersebut dan pelanggan akan memperoleh secara                       substantially all of the economic benefits from the goods.
          substansial semua manfaat ekonomik dari barang
          tersebut.
          Premi                                                              Premium
          Premi bruto terdiri dari jumlah premi yang diterima dan            Gross written premiums comprise total premiums
          akan diterima untuk seluruh periode yang diasuransikan             received and receivable for the whole period of cover
          oleh kontrak selama suatu periode akuntansi, dan diakui            provided by contracts that are entered into during the
          pada tanggal di mana polis asuransi menjadi efektif.               accounting period, and are recognized on the date on
                                                                             which the policy commences.
     o. Pendapatan keuangan dan beban keuangan                            o. Finance income and finance costs
        Pendapatan keuangan terdiri dari pendapatan bunga dari               Finance income comprises interest income on funds
        dana yang diinvestasikan, piutang pinjaman,                          invested, loan receivable, dividends income, cumulative
        pendapatan dividen, keuntungan dan kerugian                          gains or losses previously recognized in other
        kumulatif yang sebelumnya diakui di penghasilan                      comprehensive income on disposals of FVOCI financial
        komprehensif lain atas penjualan aset keuangan                       assets (debt instruments), and fair value gains on
        (instrumen utang) FVOCI, dan keuntungan nilai wajar                  financial assets carried at FVTPL.
        atas aset keuangan pada FVTPL.
        Laba rugi valuta asing atas aset dan liabilitas keuangan              Foreign exchange gains and losses on financial assets
        yang muncul dari aktivitas pendanaan dilaporkan neto                  and liabilities that arise from financing activities are
        sebagai pendapatan keuangan atau beban keuangan                       reported on a net basis as either finance income or
        tergantung apakah pergerakan valuta asing di posisi                   finance cost depending on whether foreign currency
        laba neto atau rugi neto.                                             movements amount to a net gain or a net loss.
        Biaya pinjaman yang tidak secara langsung dapat                       Borrowing costs that are not directly attributable to the
        diatribusikan kepada perolehan dan konstruksi suatu                   acquisition and construction of a qualifying asset are
        aset kualifikasian diakui di laba rugi konsolidasian                  recognized in profit or loss using the effective interest
        menggunakan metode suku bunga efektif.                                method.




                                                                                                                                      27
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               PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                  PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                  CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                             UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022 (Lanjutan)/
                                   NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                 FOR YEARS ENDED 31 DECEMBER 2023 AND 2022 (Continued)
                   (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

3.   IKHTISAR KEBIJAKAN AKUNTANSI                                             3. SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (Lanjutan)                                                                  POLICIES (Continued)
     p. Pajak penghasilan                                               p.   Income taxes
        Beban pajak penghasilan terdiri dari pajak kini dan                  Income tax expense comprises current and deferred
        pajak tangguhan penghasilan badan. Pajak kini dan                    corporate income taxes. Current and deferred taxes are
        pajak tangguhan diakui dalam laba rugi, kecuali jika                 recognized in profit or loss, except when they relate to
        terkait dengan transaksi yang diakui di penghasilan                  items that are recognized in other comprehensive income
        komprehensif lain atau diakui langsung di ekuitas. Pajak             or directly in equity. Where current tax or deferred tax
        kini atau pajak tangguhan yang timbul dari pencatatan                arises from the initial accounting for a business
        awal kombinasi bisnis, pengaruh pajaknya dimasukkan                  combination, the tax effect is included in the accounting
        dalam pencatatan awal kombinasi bisnis.                              for the business combination.
        Pajak kini adalah utang atau piutang pajak yang                      Current tax is the expected tax payable or receivable on
        diharapkan atas penghasilan kena pajak atau rugi pajak               the taxable income or loss for the year, using tax rates
        selama tahun berjalan, dengan menggunakan tarif pajak                enacted or substantively enacted at the reporting date,
        yang berlaku atau secara substantif telah berlaku pada               and any adjustment to tax payable in respect of previous
        tanggal pelaporan, dan penyesuaian terhadap utang                    years. Current tax expense is measured using the best
        pajak tahun-tahun sebelumnya. Beban pajak kini diukur                estimate of the amount expected to be paid or received,
        dengan menggunakan estimasi terbaik dari jumlah yang                 taking into consideration the uncertainty associated with
        diharapkan akan dibayar atau diterima, dengan                        the complexity of tax regulations.
        mempertimbangkan ketidakpastian yang terkait dengan
        kompleksitas peraturan perpajakan.
        Beban pajak kini diukur menggunakan estimasi terbaik                 Current tax expense is measured using the best estimate
        atas jumlah yang diperkirakan akan dibayar atau                      of the amount expected to be paid or received, taking into
        diterima, dengan mempertimbangkan ketidakpastian                     consideration the uncertainty associated with the
        terkait dengan kompleksitas peraturan pajak.                         complexity of tax regulations.
        Pajak tangguhan diakui atas perbedaan temporer antara                Deferred tax is recognized in respect of temporary
        nilai tercatat aset dan liabilitas untuk tujuan pelaporan            differences between the carrying amounts of assets and
        keuangan, dengan nilai yang digunakan untuk tujuan                   liabilities for financial reporting purposes, and the
        perpajakan. Pajak tangguhan diukur dengan                            amounts used for taxation purposes. Deferred tax is
        menggunakan tarif pajak yang diharapkan untuk                        measured at the tax rates that are expected to be applied
        diterapkan atas perbedaan temporer pada saat                         to temporary differences when they reverse based on the
        pembalikan, berdasarkan peraturan yang berlaku atau                  laws that have been enacted or substantively enacted at
        secara substantif berlaku pada tanggal pelaporan.                    the reporting date. This method also requires the
        Metode ini juga mengharuskan pengakuan manfaat
                                                                             recognition of future tax benefits, such as tax loss
        pajak masa depan, seperti kompensasi rugi pajak,
        apabila besar kemungkinan manfaat pajak tersebut                     carryforwards, to the extent that realization of such
        dapat direalisasi.                                                   benefits is probable.
        Aset pajak tangguhan merupakan saldo bersih atas                     Deferred tax assets represent the net remaining balance
        manfaat pajak tangguhan yang timbul dan dipergunakan                 of deferred tax benefits that have been originated and
        sampai dengan tanggal pelaporan. Aset pajak tangguhan                utilized through the reporting date. Deferred tax assets
        ditelaah ulang pada setiap tangal pelaporan dan                      are reviewed at each reporting date and are reduced to
        dikurangkan dengan manfaat pajak sejumlah nilai yang                 the extent that it is no longer probable that the related tax
        besar kemungkinan yang tidak dapat terealisasi;                      benefit will be realised; such reductions are reversed
        pengurangan tersebut akan dibalik ketika kemungkinan                 when the probability of their realisation through future
        realisasi melalui laba kena pajak di masa depan                      taxable profits improves.
        meningkat.
        Aset pajak tangguhan yang belum diakui dinilai                       Unrecognized deferred tax assets are reassessed at each
        kembali pada setiap tanggal pelaporan dan diakui                     reporting date and recognized to the extent that it has
        sepanjang kemungkinan besar laba kena pajak di masa                  become probable that future taxable profits will be
        depan akan tersedia untuk digunakan.                                 available against which they can be used.
        Dalam menentukan jumlah pajak kini dan tangguhan,                    In determining the amount of current and deferred tax,
        Grup memperhitungkan dampak atas posisi pajak yang                   the Group take into account the impact of uncertain tax
        tidak pasti dan tambahan pajak serta pinalti.                        positions and any additional taxes and penalties.




                                                                                                                                        28
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               PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                  PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                  CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                             UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022 (Lanjutan)/
                                   NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                 FOR YEARS ENDED 31 DECEMBER 2023 AND 2022 (Continued)
                   (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

3.   IKHTISAR KEBIJAKAN AKUNTANSI                                             3. SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (Lanjutan)                                                                  POLICIES (Continued)
     q.   Operasi yang dihentikan                                       q.   Discontinued operation
          Operasi yang dihentikan adalah suatu komponen dari                 A discontinued operation is a component of the business,
          bisnis, operasi, dan arus kas yang bisa dipisahkan                 the operations and cash flows of which can be clearly
          secara jelas dari komponen lainnya yang mana:                      distinguished from the rest of the components and which:
          - Mewakili lini bisnis utama tersendiri atau operasi               - Represents a separate major line of business or
              geografis;                                                          geographical area of operations;
          - Merupakan         bagian     dari    suatu  rencana              - Is part of a single coordinated plan to dispose a
              terkoordinasi untuk melepaskan suatu lini bisnis                    separate major line of business or geographical area
              tersendiri atau operasi geografis; atau                             of operations; or
          - Merupakan entitas anak yang diperoleh khusus                     - Is a subsidiary acquired exclusively with a view to re-
              untuk dijual kembali.                                               sale.
          Klasifikasi sebagai operasi yang dihentikan terjadi                Classification as a discontinued operation occurs on
          pada saat pelepasan atau pada saat operasi tersebut                disposal or when the operation meets the criteria to be
          memenuhi kriteria untuk diklasifikasi sebagai dimiliki             classified as held-for-sale, whichever is earlier.
          untuk dijual, yang mana terjadi lebih dahulu.
          Jika suatu operasi diklasifikasikan sebagai operasi                When an operation is classified as a discontinued
          yang dihentikan, laporan laba rugi dan penghasilan                 operation, the comparative statement of profit or loss and
          komprehensif lain komparatif disajikan ulang seolah-               other comprehensive income is re-presented as if the
          olah operasi tersebut telah dihentikan sejak awal                  operation had been discontinued from the start of the
          periode komparatif.                                                comparative period.
     r.   Penjabaran valuta asing                                      r.    Foreign currency translation
          Transaksi dalam valuta asing dijabarkan ke mata uang               Transactions in foreign currencies are translated to the
          fungsional Grup (Rupiah) dengan menggunakan kurs                   Group’s functional currency (Rupiah) at the rates
          yang berlaku pada tanggal transaksi. Aset dan                      prevailing at transaction date. Monetary assets and
          liabilitas moneter dalam valuta asing dijabarkan ke                liabilities denominated in foreign currencies are translated
          dalam Rupiah dengan menggunakan kurs yang                          to Rupiah at exchange rates prevailing at reporting date.
          berlaku pada tanggal pelaporan.
          Laba atau rugi kurs valuta asing dari aset dan liabilitas          The foreign exchange gain or loss on monetary assets and
          moneter merupakan selisih antara biaya perolehan                   liabilities is the difference between amortized cost in
          diamortisasi dalam Rupiah pada awal periode, yang                  Rupiah at the beginning of the period, adjusted for effective
          disesuaikan dengan suku bunga efektif dan                          interest rate and payments during the period, and the
          pembayaran selama periode berjalan, dengan biaya                   amortized cost in foreign currency translated into Rupiah
          perolehan diamortisasi dalam valuta asing yang                     at the exchange rate at the end of the reporting period.
          dijabarkan ke dalam Rupiah dengan menggunakan
          kurs pada akhir periode pelaporan.
          Aset dan liabilitas nonmoneter dalam valuta asing                  Non-monetary assets and liabilities denominated in a
          yang diukur pada nilai historis dijabarkan dengan                  foreign currency that are measured at historical cost are
          menggunakan kurs pada tanggal transaksi.                           translated using the exchange rate at the date of
                                                                             transaction.
          Laba rugi valuta asing atas aset keuangan dan                      Foreign currency gains and losses on financial assets and
          liabilitas keuangan yang timbul dari aktivitas operasi             liabilities that arise from operating activities are presented
          disajikan sebagai penghasilan dan beban didalam hasil              as income and expenses within results from operating
          aktivitas operasi.                                                 activities.




                                                                                                                                       29
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              PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                 PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                  CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                             UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022 (Lanjutan)/
                                   NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                 FOR YEARS ENDED 31 DECEMBER 2023 AND 2022 (Continued)
                   (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

3.   IKHTISAR KEBIJAKAN AKUNTANSI                                             3. SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (Lanjutan)                                                                  POLICIES (Continued)
     s.   Segmen operasi                                               s.    Operating segment
          Segmen operasi adalah suatu komponen dari Grup                     An operating segment is a component of the Group that
          yang melakukan aktivitas bisnis yang menghasilkan                  engages in business activities from which it may earn
          pendapatan dan menimbulkan beban, termasuk                         revenues and incur expenses, including revenues and
          pendapatan dan beban terkait atas transaksi dengan                 expenses relating to transactions with other components,
          komponen lain, yang hasil operasinya dikaji ulang                  whose operating results are regulary reviewed by the chief
          secara regular oleh pengambil keputusan operasional                operating decision maker to make decisions about
          tentang sumber daya yang dialokasikan kepada                       resources to be allocated to the segment and assess its
          segmen tersebut dalam menilai kinerjanya.                          performance.
          Segmen operasi dilaporkan dengan cara yang                         Operating segments are reported in a manner consistent
          konsisten dengan pelaporan internal yang diberikan                 with the internal reporting provided to Directors as the
          kepada Direksi sebagai pengambil keputusan                         Group’s chief operating decision maker.
          operasional Grup.
     t.   Laba per saham                                               t.    Earnings per share
          Laba per saham dihitung dengan membagi laba tahun                  Earnings per share are calculated by dividing profit for the
          berjalan yang dapat diatribusikan kepada pemilik                   year attributable to the owners of the Company,
          entitas induk dengan total rata-rata tertimbang saham              respectively by the weighted average of total
          beredar/ditempatkan      dalam        periode    yang              outstanding/issued shares during the period.
          bersangkutan.
          Jumlah rata-rata tertimbang saham biasa yang beredar               The weighted average of total outstanding/issued shares
          selama tahun tersebut dan untuk semua tahun sajian                 during the year and all presented year is adjusted for
          disesuaikan untuk peristiwa, selain konversi                       events, except for the conversion of instrument that
          instrumen berpotensi saham biasa, yang telah                       potentially is ordinary shares, that has changed the total
          mengubah jumlah saham biasa yang beredar tanpa                     of outstanding shares without a corresponding change in
          disertai perubahan sumber daya.                                    resources.
     u.   Transaksi dengan pihak-pihak berelasi                        u.    Related parties transactions
          Dalam laporan keuangan konsolidasian ini, istilah                  In these consolidated financial statements, the related
          pihak berelasi yang digunakan sesuai dengan PSAK 7,                party terms used are in accordance with PSAK 7, “Related
          “Pengungkapan Pihak-pihak Berelasi”. Seluruh                       Party Disclosures”. All significant transactions and
          transaksi dan saldo yang signifikan dengan pihak                   balances with related parties, are disclosed in the notes to
          berelasi, diungkapkan dalam catatan atas laporan                   the consolidated financial statements.
          keuangan konsolidasian.
     v.   Kontrak asuransi                                             v.    Insurance contract
          Kontrak asuransi adalah kontrak di mana Grup                       An insurance contract is a contract under which the Group
          menerima risiko asuransi signifikan dari pemegang                  accepts significant insurance risk from the policyholder by
          polis dengan menyetujui untuk mengkompensasi                       agreeing to compensate the policyholder if a specified
          pemegang polis jika kejadian masa depan dan tidak                  uncertain future event adversely affects the policyholder.
          pasti tertentu berdampak merugikan bagi pemegang                   As a general guideline, the Group determines that it has
          polis. Sebagai panduan umum, Grup menentukan                       significant insurance risk if the benefits payable without
          terdapatnya risiko asuransi signifikan pada kontrak                the occurrence of the event do not outweigh the insurance
          asuransi jika manfaat yang akan terutang tanpa                     benefits.
          kejadian yang diasuransikan terjadi tidak melebihi
          manfaat asuransi.
          Pada saat suatu kontrak telah memenuhi syarat                      Once a contract has qualified as insurance contract, it
          sebagai kontrak asuransi, kontrak tersebut tetap                   remains an insurance contract until all rights and
          merupakan kontrak asuransi hingga seluruh hak dan                  obligations are extinguished or expired. Therefore, an
          kewajiban berakhir atau kadaluwarsa. Oleh karena itu,              insurance contract is not reclassified during its life even if
          kontrak asuransi tidak direklasifikasi selama periode              insurance risk becomes insignificant or non-existent.
          kontrak bahkan jika risiko asuransi menjadi tidak
          signifikan atau tidak ada.
                                                                                                                                        30
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               PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                  PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                  CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                             UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022 (Lanjutan)/
                                   NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                 FOR YEARS ENDED 31 DECEMBER 2023 AND 2022 (Continued)
                   (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

3.   IKHTISAR KEBIJAKAN AKUNTANSI                                             3. SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (Lanjutan)                                                                  POLICIES (Continued)
     v.   Kontrak asuransi (Lanjutan)                                  v.    Insurance contract (Continued)
          Kontrak asuransi yang diterbitkan Grup tidak terdapat              The Group’s insurance contracts do not contain any
          komponen simpanan, dan terdiri dari kontrak asuransi               deposit component, and comprise short-duration and long-
          jangka pendek dan jangka panjang. Kontrak asuransi                 duration insurance contracts. Short-term insurance
          jangka pendek adalah kontrak asuransi tanpa ada                    contracts are insurance contracts without a deposit
          komponen deposit untuk periode sama dengan atau                    component which provide coverage for 12 months or less
          kurang dari 12 bulan, dan memungkinkan grup untuk                  and typically give insurer the rights to cancel the contract,
          membatalkan atau menyesuaikan persyaratan kontrak                  or adjust the terms of contract at the end of each contract
          asuransi pada setiap akhir periode kontrak, seperti                period, such as adjustment of premium amount or
                                                                             coverage. Long-duration insurance contracts provide
          penyesuaian jumlah premi atau perlindungan yang
                                                                             coverage for more than 12 months and do not give insurer
          diberikan. Kontrak asuransi jangka panjang
                                                                             the rights to cancel or adjust the terms at every
          menyediakan perlindungan untuk periode lebih dari 12               anniversary of the contract. Gross premium revenue, net
          bulan dan tidak memberikan hak untuk membatalkan                   of the related reinsurance premium cost, are recognized as
          atau menyesuaikan persyaratan pada setiap ulang                    revenue over the policy term in proportion with the risk
          tahun kontrak. Pendapatan premi bruto, setelah                     insured.
          dikurangi premi reasuransi terkait, diakui sebagai
          pendapatan selama periode polis berdasarkan proporsi
          risiko tertanggung.
     w.   Reasuransi                                                    w.   Reinsurance
          Untuk menjaga risiko penutupan, Grup membagi                       To manage its underwriting risk, the Group cedes its
          risiko asuransi dengan perusahaan reasuransi tertentu              insurance risk with certain reinsurance companies under
          melalui perjanjian reasuransi treaty proporsional dan              proportional and non-proportional (excess of loss) treaty
          non-proporsional (excess of loss), serta perjanjian                reinsurance, as well as facultative reinsurance agreement.
          reasuransi fakultatif.
          Grup membagi risiko asuransi dalam kegiatan bisnis                 The Group cedes insurance risk in the normal course of
          normal untuk semua lini pertanggungannya. Premi                    business for all of its lines of coverage. Reinsurance
          reasuransi diakui sebagai pengurang pendapatan                     premiums is recognized as a deduction from premium
          premi selama jangka waktu kontrak sehubungan                       income over the term of the contract in correlation with the
          dengan pendapatan premi yang diakui untuk polis                    premium revenue recognized for insurance policies
          asuransi yang tercakup dalam kontrak reasuransi,                   covered by the reinsurance contracts, except for excess of
          kecuali untuk perjanjian reasuransi excess of loss                 loss treaty reinsurance agreement. Excess of loss
          treaty. Premi reasuransi dari excess of loss treaty di             reinsurance premium is amortised over the term of
          amortisasi selama jangka waktu perjanjian reasuransi.              reinsurance agreement.

          Pemulihan reasuransi yang diharapkan dicatat sebagai               Expected reinsurance recoveries are recorded as a
          pengurang beban klaim. Grup tetap bertanggung                      deduction from claim expenses. The Group remains liable
          jawab kepada pemegang polis atas kerugian yang                     to policyholders for reinsured losses even if the reinsurers
          direasuransikan bahkan jika reasuradur tidak dapat                 are unable to meet their obligations under reinsurance
          memenuhi kewajibannya berdasarkan perjanjian                       agreements.
          reasuransi.
          Piutang reasuransi adalah klaim ke reasuradur untuk                Reinsurance receivables are claims made to reinsurers for
          pemulihan atas kerugian yang direasuransikan. Aset                 recovery of reinsured losses. Other reinsurance assets
          reasuransi lainnya merupakan nilai hak kontraktual                 represent the Group’s net contractual rights under
          neto Grup berdasarkan perjanjian reasuransi yang                   reinsurance agreement which have not been claimed from
          belum diklaim dari reasuradur, yaitu jumlah                        the reinsurers, i.e., reinsurance recoverable attributable
          pemulihan dari premi reasuransi yang timbul atas                   to unearned premiums and reinsurance recoverable on
          premi yang belum merupakan pendapatan dan                          estimated claim liabilities.
          pemulihan dari reasuransi atas estimasi liabilitas
          klaim.




                                                                                                                                       31
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              PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                 PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                 CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                            UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022 (Lanjutan)/
                                  NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                FOR YEARS ENDED 31 DECEMBER 2023 AND 2022 (Continued)
                  (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)


3.   IKHTISAR KEBIJAKAN AKUNTANSI                                            3. SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (Lanjutan)                                                                 POLICIES (Continued)
      w. Reasuransi (Lanjutan)                                          w. Reinsurance (Continued)
         Aset reasuransi lainnya diukur secara konsisten                    Other reinsurance assets are measured in a manner
         dengan pendekatan yang digunakan dalam                             consistent with the corresponding unearned premiums
         menentukan premi yang belum merupakan pendapatan                   and estimated claim liabilities, in accordance with the
         dan estimasi liabilitas klaim, berdasarkan syarat dan              terms of the related reinsurance contracts.
         ketentuan dari kontrak reasuransi tersebut.
         Aset reasuransi ditelaah penurunan nilainya pada                   Reinsurance assets are reviewed for impairment at each
         setiap tanggal pelaporan, atau lebih sering ketika                 reporting date, or more frequently when an indication of
         terdapat indikasi penurunan nilai selama tahun                     impairment arises during the reporting year. Impairment
         pelaporan. Penurunan nilai terjadi ketika terdapat                 occurs when there is objective evidence as the result of an
         bukti obyektif sebagai hasil dari kejadian yang terjadi            event that has occurred after initial recognition of the
         setelah pengakuan awal aset reasuransi, yang                       reinsurance assets, that caused the Group not to receive
         menyebabkan Grup tidak menerima seluruh                            all outstanding amounts due under the terms of the
         jumlah yang jatuh tempo sesuai dengan persyaratan                  contract, and the events have a reliably measurable
         kontrak dan kejadian tersebut memiliki dampak yang                 impact on the amounts that the Group will receive from
         dapat diukur secara andal atas jumlah yang akan                    the reinsurer. The impairment loss on reinsurance assets
         diterima Grup dari reasuradur. Kerugian atas                       is recognized in consolidated profit or loss.
         penurunan nilai pada aset reasuransi diakui dalam laba
         rugi konsolidasi.
     x. Piutang premi                                                   x. Premium receivables
         Piutang premi diakui ketika terjadinya dan diukur                  Premium receivables are recognized when due and
         pada saat pengakuan awal sebesar nilai wajar dari                  measured on initial recognition at the fair value of the
         pembayaran yang diterima atau dapat diterima.                      consideration received or receivable. Subsequent to initial
         Setelah pengakuan awal, piutang premi diukur sebesar               recognition, premium receivables are measured at
         biaya perolehan diamortisasi dengan menggunakan                    amortized cost using the effective interest method.
         metode suku bunga efektif.
      y. Estimasi liabilitas klaim                                      y. Estimated claim liabilities
         Estimasi liabilitas klaim diukur berdasarkan estimasi              The estimated claim liabilities is measured based on the
         seluruh biaya dari semua klaim yang terjadi namun                  estimated ultimate cost of all claims incurred but not
         belum diselesaikan pada tanggal pelaporan, baik klaim              settled at the reporting date, whether reported or not,
         yang telah dilaporkan maupun belum dilaporkan,                     together with related claims handling costs and reduction
         termasuk biaya pengurusan klaim dan pengurang dari                 for the expected value of salvage and other recoveries.
         nilai residu/salvage dan komponen pemulihan lainnya                Delays can be experienced in the notification and
         yang diharapkan. Penundaan dapat dialami dalam                     settlement of certain types of claims; therefore, the
         pemberitahuan dan penyelesaian beberapa jenis klaim,               ultimate cost of these cannot be known with certainty at
         sehingga biaya keseluruhan klaim tidak dapat                       the reporting date.
         diketahui dengan pasti pada tanggal pelaporan.

         Liabilitas dihitung pada tanggal pelaporan dengan                  The liability is calculated at the reporting date using a
         menggunakan berbagai teknik proyeksi klaim                         range of standard actuarial claim projection techniques,
         aktuarial standar, berdasarkan data empiris dan asumsi             based on empirical data and current assumptions that may
         terkini yang dapat dimasukkan sebagai margin atas                  include a margin for adverse deviation. The liability is not
         risiko pemburukan. Liabilitas tersebut tidak                       discounted for the time value of money. No provision for
         didiskonto untuk mempertimbangkan nilai waktu dari                 equalization or catastrophe reserves is recognized. The
         uang. Tidak ada cadangan yang dibentuk untuk                       liabilities are derecognized when the obligation to pay a
         cadangan ekualisasi atau bencana. Liabilitas                       claim expires, is discharged or is cancelled.
         dihentikan pengakuannya ketika kewajiban untuk
         membayar klaim kadaluwarsa, diselesaikan atau
         dibatalkan.


                                                                                                                                     32
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               PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                  PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                  CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                             UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022 (Lanjutan)/
                                   NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                 FOR YEARS ENDED 31 DECEMBER 2023 AND 2022 (Continued)
                   (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)


4.   KAS DAN SETARA KAS                                                                      4. CASH AND CASH EQUIVALENTS
                                                     2023                     2022
     Kas                                                    7.299                    5.664                                   Cash on hand
     Kas di bank pihak ketiga:                                                                                 Cash in third party banks:
     Rupiah                                                                                                                       Rupiah
       PT Bank Permata Tbk                               401.736                 397.342                         PT Bank Permata Tbk
       PT Bank Central Asia Tbk                          364.695                 320.046                     PT Bank Central Asia Tbk
       PT Bank BTPN Syariah Tbk                           81.708                   1.938                   PT Bank BTPN Syariah Tbk
       PT Bank ANZ Indonesia                              69.114                  44.159                       PT Bank ANZ Indonesia
       PT Bank BTPN Tbk                                   21.197                  47.225                           PT Bank BTPN Tbk
       PT Bank Negara Indonesia (Persero) Tbk              5.557                   6.361        PT Bank Negara Indonesia (Persero) Tbk
       PT Bank Rakyat Indonesia (Persero) Tbk              4.058                   5.209        PT Bank Rakyat Indonesia (Persero) Tbk
       PT Bank HSBC Indonesia                              1.520                   1.010                     PT Bank HSBC Indonesia
       PT Bank Mandiri (Persero) Tbk                         680                     965                PT Bank Mandiri (Persero) Tbk
       PT Bank CIMB Niaga Tbk                                633                     763                     PT Bank CIMB Niaga Tbk
       PT Bank Jatim Tbk                                     604                     290                            PT Bank Jatim Tbk
       Lainnya                                               278                     933                                        Others
                                                         951.780                 826.241
     Dolar Amerika Serikat                                                                                                     US Dollar
       PT Bank ANZ Indonesia                              79.540                   8.742                        PT Bank ANZ Indonesia
       PT Bank OCBC NISP Tbk                              29.830                     477                       PT Bank OCBC NISP Tbk
       PT Bank BTPN Tbk                                   20.706                     787                            PT Bank BTPN Tbk
       PT Bank Central Asia Tbk                           14.374                  30.706                       PT Bank Central Asia Tbk
       PT Bank DBS Indonesia                               1.036                   2.980                        PT Bank DBS Indonesia
       PT Bank Permata Tbk                                   751                     713                          PT Bank Permata Tbk
                                                         146.237                  44.405
     Deposito berjangka pada pihak ketiga:                                                                  Time deposits in third parties:
     Rupiah                                                                                                                        Rupiah
       PT Bank Shinhan Indonesia                         135.000                 145.000                    PT Bank Shinhan Indonesia
       PT Bank BTPN Syariah Tbk                           60.000                  80.000                    PT Bank BTPN Syariah Tbk
       PT Bank Danamon Indonesia Tbk                      60.000                       -               PT Bank Danamon Indonesia Tbk
       PT Bank Sahabat Sampoerna                          26.000                  26.000                   PT Bank Sahabat Sampoerna
       PT Bank OCBC NISP Tbk                              24.000                  46.500                      PT Bank OCBC NISP Tbk
       PT Bank Mandiri (Persero) Tbk                      23.000                  20.000                 PT Bank Mandiri (Persero) Tbk
       PT Bank Rakyat Indonesia (Persero) Tbk             18.500                  18.500         PT Bank Rakyat Indonesia (Persero) Tbk
       PT Bank KEB Hana Indonesia                         15.000                  15.000                  PT Bank KEB Hana Indonesia
       PT Bank Tabungan Negara (Persero) Tbk              13.000                  13.000        PT Bank Tabungan Negara (Persero) Tbk
       PT Bank Pembangunan Daerah Jambi                    8.640                   8.640           PT Bank Pembangunan Daerah Jambi
       PT Bank JTrust Indonesia Tbk                        7.000                   7.000                  PT Bank JTrust Indonesia Tbk
       PT Bank Negara Indonesia (Persero) Tbk                100                       -        PT Bank Negara Indonesia (Persero) Tbk
       PT Bank Victoria International Tbk                      -                  75.000             PT Bank Victoria International Tbk
       PT Bank BTPN Tbk                                        -                  30.000                            PT Bank BTPN Tbk
       PT Bank Oke Indonesia Tbk                               -                  25.000                    PT Bank Oke Indonesia Tbk
       PT Bank KB Bukopin Tbk                                  -                  23.500                      PT Bank KB Bukopin Tbk
       PT Bank ANZ Indonesia                                   -                  20.000                        PT Bank ANZ Indonesia
       PT Bank Permata Tbk                                     -                   9.500                          PT Bank Permata Tbk
                                                         390.240                 562.640
     Dolar Amerika Serikat                                                                                                     US Dollar
       PT Bank OCBC NISP Tbk                             100.204                       -                      PT Bank OCBC NISP Tbk
       PT Bank KEB Hana Indonesia                         77.789                       -                  PT Bank KEB Hana Indonesia
       PT Bank Shinhan Indonesia                          38.540                       -                     PT Bank Shinhan Indonesia
       PT Bank DBS Indonesia                                   -                 314.620                        PT Bank DBS Indonesia
       PT Bank BTPN Tbk                                        -                 135.287                            PT Bank BTPN Tbk
       PT Bank Danamon Indonesia Tbk                           -                 110.117                PT Bank Danamon Indonesia Tbk
                                                         216.533                 560.024
     Kas dan setara kas                                1.712.089               1.998.974                        Cash and cash equivalents


                                                                                                                                         33
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                 PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                    PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                     CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                                UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022 (Lanjutan)/
                                      NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                    FOR YEARS ENDED 31 DECEMBER 2023 AND 2022 (Continued)
                      (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)


4.   KAS DAN SETARA KAS (Lanjutan)                                           4. CASH AND CASH EQUIVALENTS (Continued)
                                                        2023                     2022
      Kisaran tingkat suku bunga per tahun atas                                                             Range of interest rates per annum
        deposito berjangka:                                                                                               for time deposits:
        Rupiah                                       2,25% - 6,50%            2,25% - 5,50%                                           Rupiah
        Dolar Amerika Serikat                        2,25% - 5,20%            0,25% - 2,75%                                       US Dollar

      Pada tanggal 31 Desember 2023 dan 2022, tidak ada saldo             As of 31 December 2023 and 2022, there is no cash and cash
      kas dan setara kas yang ditempatkan pada pihak berelasi.            equivalents deposited at related party.

5. PIUTANG USAHAPIHAK KETIGA                                                                               5. TRADE RECEIVABLES
                                                        2023                     2022
     Piutang usaha                                        254.250)                 238.570)                                 Trade receivables
     Dikurangi: cadangan kerugian penurunan nilai         (13.900)                  (13.952)            Less: allowance for impairment losses
                                                          240.350)                 224.618)

     Mutasi cadangan kerugian penurunan nilai adalah sebagai               The movement of allowance for impairment loss is as follows:
     berikut:
                                                        2023                    2022
      Saldo awal                                           13.952)                  72.016)                                 Beginning balance
      Penambahan cadangan, setelah pemulihan                   34)                      91)    Increase in allowance, net of recovered amount
      Penghapusan                                             (86)                    (139)                                         Written-off
      Pelepasan entitas anak (Catatan 31a)                      -)                 (58.016)                   Disposal of subsidiary (note 31a)
      Saldo akhir                                          13.900)                  13.952)                                     Ending balance
      Manajemen menilai bahwa cadangan kerugian penurunan                  Management has assessed that the allowance for impairment
      nilai tersebut cukup untuk menutupi kerugian dari tidak              losses is adequate to cover losses on uncollectible trade
      tertagihnya piutang usaha.                                           receivables.
      Pada tanggal 31 Desember 2023 dan 2022, tidak ada                   As at 31 December 2023 and 2022, there is no trade receivable
      piutang usaha yang dijaminkan atau dari pihak berelasi.             pledged as collateral or from related party.

6. PERSEDIAAN                                                                                                         6. INVENTORIES
                                                          2023                  2022
     Barang dagangan                                        252.037)              347.801)                           Merchandise inventories
     Barang dalam perjalanan                                 24.495)               21.939                                   Goods in transit
                                                            276.532)              369.740)
     Dikurangi: penurunan nilai realisasi neto               (1.298)                 (919)              Less: net realizable value write-downs
                                                            275.234)              368.821)

     Manajemen menilai bahwa cadangan kerugian penurunan                   Management has assessed that the allowance for impairment
     nilai cukup untuk menutup kerugian karena penurunan nilai             losses is adequate to cover the losses due to the decline in the
     persediaan.                                                           value of inventories.
     Persediaan pada tanggal 31 Desember 2023 dan                          The inventories as of 31 December 2023 and 2022, were
     2022, telah diasuransikan terhadap risiko kebakaran dan               covered by insurance against loss of fire and other risks
     risiko lainnya selama persediaan dalam penyimpanan dan                during storage and transport in the amounts equivalent to
     dalam perjalanan, dengan jumlah keseluruhan nilai                     Rp 628,796 and Rp 664,216, respectively. Management has
     pertanggungan masing-masing sebesar Rp 628.796 dan                    assessed that the total insurance coverage is adequate to
     Rp 664.216. Manajemen menilai bahwa jumlah                            cover possible losses.
     pertanggungan asuransi ini memadai untuk menutupi
     kerugian yang mungkin timbul.
     Pada tanggal 31 Desember 2023 dan 2022, tidak ada                     As at 31 December 2023 and 2022, there is no inventory
     persediaan yang dijaminkan.                                           pledged as collateral.



                                                                                                                                            34
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               PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                  PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                     CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                                UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022 (Lanjutan)/
                                      NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                    FOR YEARS ENDED 31 DECEMBER 2023 AND 2022 (Continued)
                      (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)


7. INVESTASI DI SURAT BERHARGA                                                                       7. INVESTMENT IN SECURITIES
                                                             2023                    2022

   Investasi lancar                                                                                                      Current investment
     Efek ekuitas                                                433.615                414.553                         Equity securities
     Investasi dana                                              205.657                196.856                       Investment in fund
     Reksadana                                                   119.023                114.809                             Mutual fund
     Efek utang                                                  116.409                 65.000                          Debt securities
                                                                 874.704                791.218
   Investasi tidak lancar                                                                                            Non-current investment
     Efek utang                                                  287.244                311.076                         Debt securities
                                                               1.161.948              1.102.294

   Investasi dana memiliki tingkat pengembalian antara 3,2%                  Investment in fund has return between 3.2% to 3.4% per
   sampai dengan 3,4% setahun (2022: 3,3% sampai dengan                      annum (2022: 3.3% to 4.5%).
   4,5%).
   Efek utang memiliki tingkat suku bunga antara 5,13% sampai                Debt securities has interest rates of 5.13% to 9.50% per
   dengan 9,50% untuk periode setahun (2022: 5,75% sampai                    annum (2022: 5.75% to 10.50%) and mature between in less
   dengan 10,50%) dan jatuh tempo kurang dari satu sampai                    than a year to four and a half years.
   dengan empat setengah tahun.
8. PERPAJAKAN                                                                                                              8. TAXATION
   a. Utang pajak penghasilan                                                a.   Income tax payables
     Pos ini merupakan utang pajak penghasilan pasal 25 dan 29.                   The caption represents article 25 and 29 income tax
                                                                                  payables.
  b. Utang pajak lainnya terdiri dari:                                       b.   Other tax payables consist of:
                                                             2023                    2022
      Pajak penghasilan:                                                                                                         Income tax:
         Pasal 21                                                    9.583                   8.942                             Article 21
         Pasal 23 dan 4(2)                                          10.882                  12.442                    Article 23 and 4(2)
         Pasal 22                                                       12                       -                             Article 22
         Pasal 26                                                        2                       2                             Article 26
      Pajak Pertambahan Nilai                                       23.965                  11.329                          Value Added Tax
                                                                    44.444                  32.715

   c. Komponen beban (manfaat) pajak penghasilan adalah                      c.   The components of income tax expense (benefit) were as
      sebagai berikut:                                                            follows:
                                                             2023                    2022
     Perseroan                                                                                                                  The Company
      Kini:                                                                                                                        Current:
         Tahun berjalan                                                 -)                   551                             Current year
         Penyesuaian beban pajak tahun                                                                      Adjustment to prior years’ tax
            sebelumnya                                              4.175)                      -                             expense

        Tangguhan                                                     771)                   422)                                Deferred
                                                                    4.946                    973)
     Entitas anak                                                                                                               Subsidiaries
      Kini                                                      105.075)               114.977)                                   Current
      Tangguhan                                                    (268)                 2.735)                                  Deferred
                                                                104.807)               117.712)
     Konsolidasian                                                                                                             Consolidated
      Kini                                                      109.250)               115.528)                                   Current
      Tangguhan                                                     503)                 3.157)                                  Deferred
                                                                109.753)               118.685




                                                                                                                                            35
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               PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                  PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                   CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                              UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022 (Lanjutan)/
                                    NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                  FOR YEARS ENDED 31 DECEMBER 2023 AND 2022 (Continued)
                    (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

8. PERPAJAKAN (Lanjutan)                                                                                  8. TAXATION (Continued)
  d. Rekonsiliasi antara laba konsolidasian sebelum pajak                 d.    The reconciliation between consolidated profit before
     penghasilan dengan beban pajak penghasilan adalah sebagai                  income tax and income tax expense is as follows:
     berikut:
                                                         2023                  2022
       Laba konsolidasian sebelum pajak dari:                                                    Consolidated profit before income tax from:
          Operasi yang dilanjutkan                          633.482)              687.510)                          Continuing operations
          Operasi yang dihentikan                             1.909)              106.160)                        Discontinued operations
       Eliminasi transaksi dengan entitas anak              351.077)             (134.692)      Elimination of transactions with subsidiaries
       Laba sebelum pajak penghasilan entitas anak         (590.127)             (572.256)             Subsidiaries’ profit before income tax
       Laba sebelum pajak penghasilan Perseroan             396.341)               86.722)       The Company’s profit before income tax
       Beban pajak penghasilan dihitung dengan                                                                         Income tax expense at
          tarif pajak tetap                                  87.195)               19.079)                                       tax rate
       Pengaruh pajak dari perbedaan tetap                  (85.952)              (41.173)               Tax effect of permanent differences
       Penyesuaian beban pajak tahun sebelumnya               4.175)                 (309)            Adjustment to prior years’ tax expense
       Pengakuan rugi pajak yang sebelumnya tidak                                                Recognition of previously unrecognized tax
          diakui                                                (472)                   -)                                         losses
       Rugi pajak yang tidak diakui tahun berjalan                 -)              23.376            Current year’s unrecognized tax losses
       Beban pajak penghasilan operasi yang                                                                Income tax expense of continuing
          dilanjutkan:                                                                                                          operations:
          Perseroan                                          4.946)                   973)                                The Company
          Entitas anak                                     104.807)               117.712)                                  Subsidiaries
       Beban pajak penghasilan                             109.753)               118.685)                               Income tax expenses
  e.   Rekonsiliasi antara laba sebelum pajak dengan utang pajak          e.    The reconciliation between the Company’s profit before
       penghasilan Perseroan adalah sebagai berikut:                            income tax and income tax payable is as follows:
                                                         2023                  2022
       Laba sebelum pajak penghasilan Perseroan            396.341)               86.722            Profit before income tax of the Company
       Perbedaan temporer:                                                                                            Temporary differences:
           Imbalan pasca-kerja                                 (121)               (3.503)                          Post employee benefits
           Kompensasi karyawan                               (2.129)               (1.472)                         Employee compensation
           Penyusutan aset tetap                             (2.552)                  119)                     Depreciation of fixed assets
           Beban akrual dan lainnya                           1.297)                 (971)                             Accruals and others
                                                             (3.505)               (5.827)
       Perbedaan tetap:                                                                                              Permanent differences:
           Penghasilan bunga kena pajak final              (32.005)              (24.379)              Interest income subject to final tax
           Kompensasi karyawan                              21.293)               14.052                          Employee compensation
           Beban bunga                                       1.006)                  795                                 Interest expense
           Penghasilan dividen                            (352.988)             (289.988)                                 Dividen income
           Lainnya                                         (27.998)              112.371                                             Other
                                                          (390.692)             (187.149)
       Estimasi laba (rugi) pajak Perseroan                  2.144)             (106.254)     Estimated taxable profit (loss) of the Company
       Pengakuan rugi pajak yang sebelumnya                                                      Recognition of previously unrecognized tax
           tidak diakui                                      (2.144)                   -                                              losses
       Rugi pajak Perseroan                                       -)            (106.254)                      Taxable loss of the Company
       Tarif pajak yang berlaku                                22%                  22%                                      Enacted tax rate
       Beban pajak kini                                           -                    -                                  Current income tax
       Dikurangi pembayaran pajak di muka                   (11.173)              (9.813)                                    Less prepaid tax
       Lebih bayar pajak                                    (11.173)              (9.813)                                Over tax payment
       Utang pajak penghasilan badan:                                                                       Corporate income tax payables:
          Entitas anak                                      17.575)               25.423)                                  Subsidiaries
       Dalam menghitung pajak penghasilan kini untuk tahun                      In calculating the current income tax for the years
       berakhir 31 Desember 2023 dan 2022, Perseroan telah                      ended 31 December 2023 and 2022, the Company has
       mempertimbangkan pertimbangan yang timbul dari                           taken into consideration the comments arising from the
       pemeriksaan pajak terkini ini.                                           recent tax examinations.
       Dalam laporan keuangan kosolidasian ini, jumlah                          In these consolidated financial statements, the amount
       penghasilan kena pajak untuk tahun yang berakhir pada                    of taxable income for the year ended 31 December 2023
       31 Desember 2023 didasarkan atas perhitungan sementara.                  was based on preliminary calculations.
                                                                                                                                    36
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                   PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                     PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                    CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                               UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022 (Lanjutan)/
                                     NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                   FOR YEARS ENDED 31 DECEMBER 2023 AND 2022 (Continued)
                     (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

8.   PERPAJAKAN (Lanjutan)                                                                                                       8. TAXATION (Continued)
     f. Saldo pajak tangguhan yang diakui, dan pergerakan selama                              f.   Recognized deferred tax balances, and the movement
        tahun berjalan terdiri dari:                                                               thereof during the year comprised the following:
                                                                                                  Diakui di
                                                                                                 penghasilan
                                                                            Diakui di laba      komprehensif
                                                                             rugi tahun              lain/
                                                                              berjalan/        Recognized in
                                                        31 Desember/        Recognized in           other         31 Desember/
                                                         December           profit or loss     comprehensive        December
                                                            2022           during the year         income             2023
        Perseroan:                                                                                                                                       The Company:
          Aset (liabilitas) pajak tangguhan                                                                                            Deferred tax assets (liabilities)
              Liabilitas imbalan kerja                         3.683)                 (27)                304              3.960)     Employee benefits obligation
              Kompensasi berbasis saham                        1.248)                (468)                  -                780)       Share-based compensation
              Beban akrual lainnya                             4.081)                 286)                  -              4.367)                   Other accruals
              Aset tetap                                       7.432)                (561)                  -              6.871)                     Fixed assets
              Aset hak-guna                                     (570)                 (52)                  -               (622)             Rights-of-use assets
              Sewa                                               498)                  51)                  -                549)                             Lease
                                                              16.372)                (771)                304             15.905)
        Entitas anak                                                                                                                                      Subsidiaries
          Aset pajak tangguhan, neto                          32.174)                 268)                535             32.977)              Deferred tax asset, net
                                                              48.546)                (503)                839             48.882)

        Aset pajak tangguhan                                                                                                                        Deferred tax assets
          Perseroan                                                                                                       15.905)                    The Company
          Entitas anak                                                                                                    38.422)                     Subsidiaries
                                                                                                                          54.327)

        Liabilitas pajak tangguhan                                                                                                              Deferred tax liabilities
          Entitas anak                                                                                                    (5.445)                    Subsidiaries
                                                                                                                          48.882)
                                                                               Diakui di       Diakui di laba
                                                          Diakui di laba      penghasilan       dari operasi
                                                           rugi tahun        komprehensif          yang
                                                            berjalan/             lain/         dihentikan/      Pelepasan
                                                          Recognized in     Recognized in      Recognized in      entitas
                                     31 Desember/         profit or loss         other          profit from        anak/       31 Desember/
                                      December             during the       comprehensive      discontinued     Disposal of      December
                                         2021                 year              income          operations      subsidiaries       2022
        Perseroan:                                                                                                                                       The Company:
          Aset (liabilitas) pajak                                                                                                                        Deferred tax
              tangguhan                                                                                                                          assets (liabilities)
              Liabilitas imbalan                                                                                                                Employee benefits
                kerja                          4.517)              (771)               (63)               -               -)         3.683)          obligation
              Kompensasi berbasis                                                                                                                     Share-based
                 saham                          712)                536)                 -)               -))             -)         1.248)       compensation
              Beban akrual
                 lainnya                       4.324)              (243)                 -)               -))             -)         4.081)        Other accruals
              Aset tetap                       7.406)                26)                 -)               -))             -)         7.432)           Fixed assets
              Aset hak-guna                     (488)               (82)                 -)               -))             -)          (570)    Rights-of-use assets
              Sewa                               386)               112)                 -)               -))             -)           498)                 Lease
                                              16.857)              (422)               (63)               -))             -)        16.372)
        Entitas anak                                                                                                                                       Subsidiaries
          Aset pajak tangguhan,
             neto                             48.425)            (2.735)                (4)              (9))      (13.503)         32.174)    Deferred tax asset, net
                                              65.282)            (3.157)               (67)              (9))      (13.503)         48.546)

        Aset pajak tangguhan                                                                                                                        Deferred tax assets
          Perseroan                                                                                                                 16.372)            The Company
          Entitas anak                                                                                                              32.174)              Subsidiaries
                                                                                                                                    48.546)




PT Mitra Pinasthika Mustika                                                                                                                                           37
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                  PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                    PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                   CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                              UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022 (Lanjutan)/
                                    NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                  FOR YEARS ENDED 31 DECEMBER 2023 AND 2022 (Continued)
                    (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)


8. PERPAJAKAN (Lanjutan)                                                                                8. TAXATION (Continued)

         Grup mengakui secara terpisah aset pajak tangguhan                    The Group has recognized a separate deferred tax
         sehubungan dengan liabilitas sewa dan liabilitas pajak                assets in relation to its lease liabilities and a deferred
         tangguhan sehubungan dengan aset hak-guna. Namun, hal                 tax liability in relation to its right-of-use assets.
         ini tidak terdapat dampak terhadap laporan posisi keuangan            However, there was no impact on the statement of
         konsolidasian karena saldo tersebut memenuhi syarat untuk             consolidated financial position because the balance
         saling hapus berdasarkan PSAK 46 paragraf 74.                         qualify for offsetting under paragraph 74 of PSAK 46.
         Pada     tanggal     31       Desember      2023       dan            As of 31 December 2023 and 2022, the Company and
         2022, Perseroan dan entitas anak memiliki rugi fiskal yang            subsidiaries had tax loss carry-forwards which will
         dapat di kompensasi yang akan berakhir di tahun antara                expire between 2023 and 2027.
         2023 dan 2027.

                                                        2023                   2022
         Rugi fiskal yang dapat di kompensasi                                                                     Tax loss carry-forwards
          Perseroan                                         97.716               106.254                                 The Company
          Entitas anak                                     250.862               246.340                                   Subsidiaries
                                                           348.578               352.594

         Aset pajak tangguhan tidak diakui sehubungan dengan item              Deferred tax assets have not been recognized with
         ini karena tidak memungkinkan laba fiskal pada masa                   respect to these items because it is not probable that
         mendatang akan tersedia untuk dikompensasi di mana Grup               future taxable profits will be available against which the
         bisa memanfaatkan keuntungan dari hal ini.                            Group can utilize the benefits there from.

    g.   Sesuai peraturan perpajakan di Indonesia, Perseroan dan          g.   Under the taxation laws of Indonesia, the Company and
         masing-masing entitas anaknya menghitung, menetapkan                  its respective subsidiaries submit individual tax returns
         dan membayar sendiri jumlah pajak yang terutang secara                on the basis of self assessment. The tax authorities may
         individu. Otoritas pajak dapat menetapkan atau mengubah               assess or amend taxes within the statute of limitations,
         hak dan/kewajiban pajak tersebut dalam batas waktu yang               under prevailing regulations.
         ditentukan sesuai ketentuan yang berlaku.

         Dalam menentukan nilai pajak kini dan pajak tangguhan,                In determining the amounts of current and deferred taxes,
         Perseroan dan entitas anak mempertimbangkan dampak                    the Company and subsidiaries take into account the
         dari posisi pajak yang tidak pasti dan apakah penambahan              impact of uncertain tax positions and whether additional
         pajak dan bunga mungkin terjadi. Manajemen menilai                    taxes and interest may be due. Management has assessed
         bahwa nilai tercatat dari berbagai pajak yang dapat                   that carrying amounts of various refundable taxes are
         dikembalikan bisa dipulihkan, dan akrual atas liabilitas              recoverable, and the accruals for tax liabilities are
         pajak cukup untuk semua tahun pajak yang belum                        adequate for all open tax years considering all relevant
         diperiksa berdasarkan penelaahan banyak faktor yang                   factors, including the interpretations of tax regulations
         relevan, termasuk interpretasi dari peraturan pajak dan               and prior experience. The assessment relies on estimates
         pengalaman sebelumnya. Penilaian dilakukan berdasarkan                and assumptions and may involve judgment about future
         estimasi dan asumsi dan melibatkan pertimbangan                       events. New information may become available that
         mengenai kejadian di masa mendatang. Informasi baru                   causes management to change its judgment regarding the
         yang tersedia menyebabkan manajemen mengubah                          recoverability of existing tax assets and realization of the
         pertimbangannya berkaitan pemulihan aset pajak yang ada               tax liabilities. Such changes will impact tax expense in
         dan realisasi dari liabilitas pajak. Perubahan tersebut akan          the year in which the change occurs.
         berdampak pada beban pajak pada tahun di mana
         perubahan tersebut terjadi.




PT Mitra Pinasthika Mustika                                                                                                            38
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                   PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                     PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                     CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                                UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022 (Lanjutan)/
                                      NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                    FOR YEARS ENDED 31 DECEMBER 2023 AND 2022 (Continued)
                      (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)


9. INVESTASI PADA ENTITAS ASOSIASI                                                                               9. INVESTMENTS IN ASSOCIATES

   Mutasi di tahun berjalan adalah sebagai berikut:                                   Movement during the year is as follows:
                                                                               2023
                                                                   Bagian atas penghasilan          Bagian atas pembagian
                           Saldo awal/                               komprehensif lain/                    dividen/               Saldo akhir/
                            Beginning    Bagian atas laba neto/        Share in other                 Share in dividend             Ending
                             balance      Share in net profit      comprehensive income                   payments                  balance
   PT Mitra Pinasthika                                                                                                                              PT Mitra Pinasthika
     Mustika Rent             955.595                   45.807                             159)                           -)         1.001.561           Mustika Rent
   PT JACCS Mitra                                                                                                                                       PT JACCS Mitra
     Pinasthika Mustika                                                                                                                             Pinasthika Mustika
     Finance Indonesia        918.829                      170                        (1.557)                      (12.120)            905.322      Finance Indonesia
                            1.874.424                   45.977                        (1.398)                      (12.120)          1.906.883

                                                                               2022
                                                                                                              Bagian atas
                                                                                                              penghasilan
                                                                                                             komprehensif
                                                                                       Bagian atas                lain/
                                                                                        laba neto/          Share in other        Saldo akhir/
                              Saldo awal/        Penambahan/       Pengurangan/        Share in net         comprehensive           Ending
                           Beginning balance       Addition          Disposal             profit                income              balance
   PT Mitra Pinasthika                                                                                                                               PT Mitra Pinasthika
      Mustika Rent1)                         -         933.790                   -)               22.531                (726)          955.595          Mustika Rent1)
   PT JACCS Mitra                                                                                                                                       PT JACCS Mitra
      Pinasthika Mustika                                                                                                                            Pinasthika Mustika
      Finance Indonesia              852.202                 -)               -                   40.391              26.236)          918.829      Finance Indonesia
   Lainnya                             3.557                 -           (3.557)                       -                   -                 -                    Other
                                     855.759           933.790           (3.557)                  62.922              25.510         1.874.424

   1)  Grup berhenti mengkonsolidasi MPMR sejak                                       1)  The Group ceases from consolidating MPMR since
   melepaskan pengendalian di Mei 2022, tetapi tetap                                  relinguishing control in May 2022, but still retains 50%
   mempertahankan 50% kepemilikan dan memperlakukan                                   ownership and accounts for its remaining investment in MPMR
   investasi atas MPMR yang tersisa sebagai entitas asosiasi                          as associate (see Note 31).
   (lihat Catatan 31).
   Ringkasan informasi keuangan entitas yang dicatat dengan                           A summary of financial information of the equity-accounted
   metode ekuitas adalah sebagai berikut:                                             investees is as follows:
                                                                  2023                              2022
   PT Mitra Pinasthika Mustika Rent                                                                                                PT Mitra Pinasthika Mustika Rent

   Persentase kepemilikan                                                50%)                               50%)                       Percentage ownership interest
   Aset lancar                                                        347.737)                           359.059)                                       Current assets
   Aset tidak lancar                                                3.131.275)                         2.648.298)                                  Non-current assets
   Liabilitas jangka pendek                                          (757.091)                          (601.341)                                   Current liabilities
   Liabilitas jangka panjang                                       (1.185.696)                          (961.629)                               Non-current liabilities
   Aset neto (100%)                                                 1.536.225                          1.444.387)                                   Net assets (100%)
   Penyesuaian:                                                                                                                                           Adjustments:
     Nilai wajar aset neto atas penjualan                                                                                            Fair value net assets on sale of
       49,9997% kepemilikan Grup                                      466.803)                           466.803)              the Group’s 49.9997% ownership
     Long-term incentive                                                   94)                                 -)                               Long-term incentive
                                                                      466.897                            466.803
    Aset neto setelah penyesuaian (100%)                            2.003.122)                         1.911.190)               Net assets after adjustments (100%)
   Nilai tercatat kepemilikan Grup atas aset                                                                                   The carrying amount of the Group’s
     neto (50%)                                                     1.001.561)                             955.595)                   share of net assets (50%)




PT Mitra Pinasthika Mustika                                                                                                                                           39
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                PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                  PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                 CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                            UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022 (Lanjutan)/
                                  NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                FOR YEARS ENDED 31 DECEMBER 2023 AND 2022 (Continued)
                  (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)


9. INVESTASI PADA ENTITAS ASOSIASI (Lanjutan)                              9. INVESTMENTS IN ASSOCIATES (Continued)
                                                     2023                          2022
   PT Mitra Pinasthika Mustika Rent                                                                     PT Mitra Pinasthika Mustika Rent
   Pendapatan                                               1.351.729)                    682.137)                                 Revenue
   Laba sebelum pajak                                         114.868)                     52.195)                      Income before tax
   Pendapatan komprehensif lain                                   318)                     (1.452)           Other comprehensive income
   Laba komprehensif                                           91.932)                     43.609)           Total comprehensive income
   Laba (100%)                                                 91.614)                     45.061)                          Profit (100%)
   Bagian Grup atas                                                                                           The Group’s share in net of
     laba neto (50%)                                          45.807)                      22.531)                         profit (50%)

   PT JACCS Mitra Pinasthika Mustika                                                                 PT JACCS Mitra Pinasthika Mustika
   Finance Indonesia                                                                                                Finance Indonesia

   Persentase kepemilikan                                        40%)                      40%)             Percentage ownership interest
   Aset                                                     8.158.042)                8.292.807)                                       Assets
   Liabilitas                                              (6.450.979)               (6.551.977)                                   Liabilities
   Aset neto (100%)                                         1.707.063)                1.740.830)                          Net assets (100%)
   Penyesuaian:                                                                                                                 Adjustments:
     Nilai wajar aset neto atas penjualan                                                                Fair value net assets on sale of
       20% kepemilikan Grup                                  536.674)                     536.674)       the Group’s 20% ownership
     Long-term incentive tahun 2018                           (1.971)                      (1.971)            Long-term incentive 2018
     Dampak penerapan awal                                                                                Effect of initial application of
       PSAK 71                                                 21.539)                   21.539)                              PSAK 71
                                                              556.242)                  556.242)
   Aset neto setelah penyesuaian (100%)                     2.263.305)                2.297.072)       Net assets after adjustments (100%)
   Nilai tercatat kepemilikan Grup atas                                                                       The carrying amount of the
     aset neto (40%)                                         905.322)                     918.829)    Group’s share of net assets (40%)

   Pendapatan                                               1.604.504)                1.554.694                                  Revenue
   Laba sebelum pajak                                           3.224)                  129.755                        Income before tax
   Pendapatan komprehensif lain                                (3.891)                   65.589              Other comprehensive income
   (Rugi) laba komprehensif                                    (3.467)                  166.568         Total comprehensive (loss) income
   Laba (100%)                                                    424)                  100.979                            Profit (100%)
   Bagian Grup atas                                                                                           The Group’s share in net of
      laba neto (40%)                                            170)                      40.391                         profit (40%)


10. DEPOSIT JAMINAN                                                                                  10. GUARANTEE DEPOSITS

    Pos ini merupakan berupa deposito berjangka Rupiah yang              The caption represents restricted Rupiah time deposits that
    dibatasi penggunaannya karena dijaminkan ke:                         are pledged to:

                                                    2023                           2022

    PT Astra Honda Motor (pemasok utama)                      954.152                     921.144    PT Astra Honda Motor (main supplier)
    Lainnya                                                    30.744                      25.341                                 Others
                                                              984.896                     946.485




PT Mitra Pinasthika Mustika                                                                                                                40
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                                             PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                                               PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                                              CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                                                         UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022 (Lanjutan)/
                                                               NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                                             FOR YEARS ENDED 31 DECEMBER 2023 AND 2022 (Continued)
                                               (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

11. ASET TETAP, NETO                                                                                                                                               11. FIXED ASSET, NET

                                                                                              2023

                                                                                              Refklasifikasi dari aset     Reklasifikasi ke
                                                                                               dalam pembangunan/         aset takberwujud/
                                     Saldo awal/      Penambahan/        Pengurangan/         Reclassifications from     Reclassifications to     Saldo akhir/
                                  Beginning balance     Additions         Deductions         assets under construction    intangible assets      Ending Balance
     Biaya perolehan:                                                                                                                                                            Acquisition cost:
      Tanah                                366.948)              -)                     -)                         -)                      -)          366.948)                            Land
      Bangunan                             705.714)            656)                  (694)                    13.595)                      -)          719.271)                        Buildings
      Kendaraan                             42.194)          4.469)               (3.288)                          -)                      -)           43.375)                         Vehicles
      Peralatan kantor                     172.979)         32.207)               (7.525)                      7.927)                      -)          205.588)                Office equipment
      Sarana dan prasarana                  22.439)            981)                ( (390)                         -)                      -)           23.030)    Facilities and infrastructures
                                         1.310.274)         38.313)              (11.897)                     21.522)                      -)        1.358.212)
      Aset dalam pembangunan                18.657)         83.640)                     -)                  ((21.522)                (21.664)           59.111)      (Assets under construction
                                         1.328.931)        121.953)            ( (11.897)                          -)                (21.664)        1.417.323)
     Akumulasi penyusutan:                                                                                                                                             Accumulated depreciation:
      Bangunan                            (301.117)         (36.194)                694)                            -)                      -)        (336.617)                         Buildings
      Kendaraan                            (28.104)          (4.797)              2.741)                            -)                      -)         (30.160)                          Vehicles
      Peralatan kantor                    (137.238)         (15.822)              7.513)                            -)                      -)        (145.547)                 Office equipment
      Sarana dan prasarana                 (20.575)           ( (960)               390)                            -)                      -)         (21.145)    Facilities and infrastructures
                                          (487.034)       ( (57.773)             11.338)                            -)                      -)        (533.469)

     Penyisihan penurunan nilai            (14.358)                -)                   -)                          -)                      -)         (14.358)   Allowance for impairment losses

     Nilai tercatat                        827.539)                                                                                                    869.496)                  Carrying amount




PT Mitra Pinasthika Mustika                                                                                                                                                                         41
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                                                   PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                                                     PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                                                  CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                                                             UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022 (Lanjutan)/
                                                                   NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                                                 FOR YEARS ENDED 31 DECEMBER 2023 AND 2022 (Continued)
                                                   (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)


11. ASET TETAP, NETO (Lanjutan)                                                                                                                                        11. FIXED ASSET, NET (Continued)
                                                                                                          2022

                                                                                                          Reklasifikasi dari
                                                                                       Pengurangan           aset dalam
                                                                                     melalui pelepasan     pembangunan/         Reklasifikasi ke
                                                                                       entitas anak/      Reclassifications    aset takberwujud/
                                   Saldo awal/                                          Deductions              from           Reclassifications
                                    Beginning       Penambahan/    Pengurangan/     through disposal of     assets under         to intangible      Reklasifikasi/      Saldo akhir/
                                     balance         Additions      Deductions          subsidiary          construction              assets       Reclassifications   Ending Balance
     Biaya perolehan:                                                                                                                                                                                  Acquisition cost:
      Tanah                             436.214)              -)               -)            (67.430)                   -)                    -)            (1.836)          366.948)                            Land
      Bangunan                          775.152)          2.591)          (3.971)            (90.594)              15.663)                    -)             6.873)          705.714)                        Buildings
      Kendaraan                       2.665.902)        255.407)         (35.419)         (2.673.118)                   -)                    -)          (170.578)           42.194)                         Vehicles
      Peralatan kantor                  187.330)         24.480)          (1.873)            (40.832)                 191)                    -)             3.683)          172.979)                Office equipment
      Sarana dan prasarana               33.457)            391)          (2.266)                  -)                   -)                    -)            (9.143)           22.439)    Facilities and infrastructures
                                      4.098.055         282.869)         (43.529)         (2.871.974)               15.854)                   -)          (171.001)        1.310.274)
      Aset dalam pembangunan             17.356          26.243)               -)                  -)              (15.854)             (3.666)             (5.422)           18.657)       Assets under construction
                                      4.115.411         309.112)         (43.529)         (2.871.974)                    -)             (3.666)           (176.423)        1.328.931)
     Akumulasi penyusutan:                                                                                                                                                                   Accumulated depreciation:
      Bangunan                         (298.589)        (42.456)          2.239)              46.699)                     -)                  -)            (9.010)         (301.117)                         Buildings
      Kendaraan                        (704.118)       (117.523)         19.762)             681.104)                     -)                  -)            92.671)          (28.104)                          Vehicles
      Peralatan kantor                 (167.829)        (10.466)          1.656)              33.624)                     -)                  -)             5.777)         (137.238)                 Office equipment
      Sarana dan prasarana              (28.445)         (1.000)          2.246)                   -)                     -)                  -)             6.624)          (20.575)    Facilities and infrastructures
                                     (1.198.981)       (171.445)         25.903)             761.427)                     -)                  -)            96.062)         (487.034)

     Penyisihan penurunan nilai         (17.467)         (6.169)          1.061)                7.248)                    -)                  -)               969)          (14.358)   Allowance for impairment losses

     Nilai tercatat                   2.898.963)                                                                                                           79.392*           827.539)                  Carrying amount


     *Kendaraan yang akan dijual dan direklasifikasikan ke persediaan.                                                                                    *Vehicles that will be sold and reclassified to inventories.




PT Mitra Pinasthika Mustika                                                                                                                                                                                               42
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                 PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                   PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                  CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                             UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022 (Lanjutan)/
                                   NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                 FOR YEARS ENDED 31 DECEMBER 2023 AND 2022 (Continued)
                   (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

11. ASET TETAP, NETO (Lanjutan)                                                           11. FIXED ASSETS, NET (Continued)

     Rugi penurunan nilai                                                     Impairment losses
                                                          2023                  2022
     Bangunan                                                    13.600                13.600                                      Buildings
     Sarana dan Prasarana                                           745                   745                 Facilities and Infrastructures
     Peralatan kantor                                                13                    13                              Office equipment
                                                                 14.358                14.358

      MPM AUTO                                                             MPM AUTO
       Di 2018, Grup mengakhiri hubungan distribusi                           In 2018, the Group has terminated the four-wheel
       kendaraan-beroda-empat dan suku cadang, melalui MPM                    vehicles and spare part distribution relationship,
       AUTO, dengan PT Nissan Motor Indonesia.                                through MPM AUTO, with PT Nissan Motor Indonesia.

       Karenanya, Grup mengestimasi nilai terpulihkan aset                    Accordingly, the Group estimated the recoverable
       tetap terkait yang terdiri dari bangunan dan peralatan                 amounts of the related fixed assets consisting of buildings
       kantor. Bangunan telah diturunkan ke nilai wajar                       and office equipment. Buildings have been reduced to
       dikurangi biaya penjualan. Sebagian besar peralatan                    their fair values less cost to sell. Most of the office
       kantor telah seluruhnya diturunkan nilainya karena                     equipment have been entirely impaired because in their
       dikondisi saat ini, nilai sisanya dirasa tidak bernilai.               present conditions, their salvage values are deemed
                                                                              inconsequential.

     Informasi relevan lainnya                                            Other relevant information
                                                          2023                  2022
     Penyusutan dibebankan pada:                                                                    Depreciation expenses are charged to:
       Beban usaha (Catatan 25)                                  57.773             50.558               Operating expenses (Note 25)
       Operasi yang dihentikan                                        -            120.887                     Discontinued operations
                                                                 57.773            171.445

     Rincian keuntungan penjualan dan pelepasan aset tetap                 Details of gains on sale and disposal of fixed assets are as
     adalah sebagai berikut:                                               follows:
                                                          2023                  2022

     Penerimaan dari penjualan aset tetap                        1.489)             23.581)              Proceeds from sale of fixed assets
     Nilai tercatat                                               (559)            (16.565)                            Carrying amounts
                                                                   930)              7.016)

                                                          2023                  2022
     Aset tetap disusutkan penuh tapi                                                                    Fully depreciated fixed assets but
       masih digunakan                                       220.216               198.163                                    still in use
     Jaminan keagenan ke                                                                               Pledged as dealership guarantee to
       PT Astra Honda Motor                                  126.157               131.832                       PT Astra Honda Motor

     Aset dalam pembangunan:                                                                                    Assets under construction:
                                                          Bangunan/             Bangunan/
        Jenis aset                                         Buildings)            Buildings)                               Type of assets
        Persentase penyelesaian                           26% - 96%             30% - 69%                     Percentage of completion
        Perkiraan selesai                                       2024                  2023                    Estimated to be completed

     Nilai pertanggungan asuransi                             733.523              813.571                                      Sum insured
     Nilai wajar aset tetap                                 1.339.562            1.223.266                        Fair value of fixed assets
     Perolehan aset tetap yang masih terutang                   1.177                  546         Acquisitions of fixed assets still payable




PT Mitra Pinasthika Mustika                                                                                                              43
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                 PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                   PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                 CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                            UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022 (Lanjutan)/
                                  NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                FOR YEARS ENDED 31 DECEMBER 2023 AND 2022 (Continued)
                  (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

11. ASET TETAP, NETO (Lanjutan)                                                         11. FIXED ASSETS, NET (Continued)

     Aset tetap diasuransikan terhadap risiko kebakaran dan             Fixed assets are insured against loss of fire and other risks
     risiko lainnya yang jumlahnya menurut penilaian                    at an amount that management has assessed is adequate to
     manajemen memadai untuk menutupi kerugian atas aset                cover possible losses on the insured assets.
     yang dipertanggungkan.

     Pada tanggal 31 Desember 2023, manajemen telah mengkaji             As of 31 December 2023, management has reviewed the
     estimasi masa manfaat aset tetap dan hasilnya telah sesuai.         estimated useful lives of fixed assets and has found them to
     Masa manfaat didasarkan pada periode estimasi di mana               be appropriate. The useful lives are based on the estimated
     manfaat ekonomi masa depan yang akan diterima oleh Grup,            period over which future economic benefits will be
     dengan mempertimbangkan perubahan yang merugikan tak                received by the Group, taking into account any unexpected
     terduga dalam keadaan atau peristiwa-peristiwa.                     adverse changes in circumstances or events.

     Nilai wajar dari aset tetap semata untuk tujuan pengungkapan        The fair value of fixed asset solely for disclosure purpose
     diukur menggunakan teknik berikut:                                  is measured using the following techniques:

     -   Tanah: perbandingan pasar (nilai wajar level 3)                 -   Land: market comparison (fair value level 3)
         Model penilaian ini mempertimbangkan harga pasar                    The valuation model considers quoted market prices
         kuotasian untuk tanah yang serupa apabila tersedia, dan             for similar lands when they are available, and then it
         lalu menambahkan elemen-elemen yang dapat                           incorporates elements that may affect the land’s value
         mempengaruhi nilai tanah tersebut seperti, antara lain,             such as, among others, the title of land’s ownership,
         tipe kepemilikan tanah, lingkungan fisik, akses, lokasi             physical environment, accessibility, location and
         dan kondisi pasar. Secara umum, nilai wajar tanah akan              market conditions. In general, the fair value of the land
         naik bila harga pasar kuotasian yang menjadi dasar                  increases if the quoted market prices that form the
         perhitungan naik dan elemen-elemen yang dijelaskan                  basis of calculation increase and the elements as
         diatas membaik, begitupula sebaliknya.                              described above get better, and vice versa.
     -   Bangunan: Perbandingan pasar (nilai wajar level 3)              -   Building: market comparison (fair value level 3)
         Model penilaian ini mempertimbangkan harga pasar yang               The valuation model considers market price which
         direkonsiliasi dari data pasar dan pendekatan biaya.                reconciliated from market data and cost approaches.
         Pendekatan data pasar mempertimbangkan ketersediaan                 Market data approach considers availability of similar
         data pasar properti yang serupa dan pendekatan biaya                property market data and cost approach considers
         mempertimbangkan harga untuk properti yang serupa,                  price for similar property, replacement cost if they are
         biaya penggantian apabila tersedia, dan umur manfaat                available, and useful life of its property.
         dari properti tersebut.
     -   Aset tetap lainnya: biaya pengganti yang disusutkan (nilai      -    Other fixed assets: depreciated replacement cost
         wajar level 3)                                                       (fair value level 3)
         Model penilaian ini mempertimbangkan biaya yang                      The valuation model considers the estimated costs
         diperkirakan akan dikeluarkan untuk memperoleh aset                  incurred to acquire the asset at present market condition,
         tersebut dalam kondisi pasar saat ini, dikurangi akumulasi           less the accumulated depreciation based on its useful
         penyusutan berdasarkan umur manfaat aset tersebut, yang              life, which is determined through inspection on current
         ditentukan melalui pemeriksaan kini atas kerusakan fisik             physical deterioration, as well as functional and
         dan juga keusangan fungsi dan ekonomi. Secara umum,                  economic obsolescence. In general, the fair value of the
         nilai wajar aset tetap akan naik bila estimasi biaya                 fixed assets increases if the estimated acquisition cost
         pengganti perolehan naik dan/atau tingkat kerusakan fisik            increased and/or the level of physical deterioration and
         dan keusangan menurun, dan begitupula sebaliknya.                    obsolescence decreased, and vice versa.




PT Mitra Pinasthika Mustika                                                                                                          44
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                 PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                   PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                 CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                            UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022 (Lanjutan)/
                                  NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                FOR YEARS ENDED 31 DECEMBER 2023 AND 2022 (Continued)
                  (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

12. ASET TAKBERWUJUD                                                                                 12. INTANGIBLE ASSETS

                                                      2023                     2022
    Harga perolehan:                                                                                                             Cost:
       Saldo awal                                       215.554)                  205.021)                        Beginning balance
       Penambahan                                        25.101)                   10.533)                                 Addition
       Saldo akhir                                      240.655)                  215.554)                          Ending balance

    Akumulasi amortisasi:                                                                                    Accumulated amortization:
      Saldo awal                                       (122.476)                 (105.268)                       Beginning balance
      Penambahan                                        (18.697)                  (17.208)                                 Addition
      Saldo akhir                                      (141.173)                 (122.476)                          Ending balance
                                                         99.482)                      93.078)

     Pada tanggal 31 Desember 2023 dan 2022, aset takberwujud                As of 31 December 2023 and 2022, other intangible
     lainnya terdiri dari perangkat lunak untuk customer                     assets consist of customer relationship software that
     relationship yang menyediakan wadah untuk penjual                       provides a platform for the dealers to conduct their
     melakukan aktivitas penjualan dan layanan purna jual dan                sales and after sales activities, and its corresponding
     perangkat keras terkait.                                                hardwares.

     Pada tanggal 31 Desember 2023 dan 2022, tidak ada                       As at 31 December 2023 and 2022, there is no purchase
     pembelian aset takberwujud lainnya yang belum dibayar.                  of other intangible assets remained unpaid.

13. UTANG BANK JANGKA PENDEK                                                                    13. SHORT-TERM BANK LOANS
                                                        2023                   2022
     PT Bank Permata Tbk                                       3.978                   3.520                     PT Bank Permata Tbk
     PT Bank Central Asia Tbk                                  3.450                   3.728                  PT Bank Central Asia Tbk
                                                               7.428                   7.248

     Kisaran suku bunga per tahun                     8,11% - 8,13%         5,10% - 8,29%              Range of interest rates per annum
     Pembayaran pokok pinjaman selama                                                                    Repayments of principal during
        tahun berjalan                                       592.876)             561.282                                    the year

     Seluruh kreditur bukan pihak berelasi dan utang bank ini           All lenders are not related parties and the bank loans are
     didenominasi dalam Rupiah.                                         denominated in Rupiah.
     Grup diwajibkan oleh krediturnya untuk memenuhi                    The Group is required by the lenders to comply with
     batasan-batasan termasuk batasan rasio keuangan. Pada              covenants including financial ratio covenants. As at
     tanggal 31 Desember 2023 dan 2022, Grup telah                      31 December 2023 and 2022, the Group has complied with
     mematuhi pembatasan yang ada.                                      the covenants.
     Pada tanggal 31 Desember 2023 and 2022, utang bank                 As of 31 December 2023 and 2022, short-term bank loans
     jangka pendek kepada PT Bank Permata Tbk dan                       to PT Bank Permata Tbk and PT Bank Central Asia Tbk
     PT Bank Central Asia Tbk dijaminkan dengan sertifikat              were secured by deposit certificates amounted to Rp 19,700
     deposito masing-masing sebesar Rp 19.700 dan                       and Rp 15,300, respectively.
     Rp15.300.




PT Mitra Pinasthika Mustika                                                                                                          45
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                 PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                   PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                  CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                             UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022 (Lanjutan)/
                                   NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                 FOR YEARS ENDED 31 DECEMBER 2023 AND 2022 (Continued)
                   (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)


14. UTANG USAHA                                                                                          14. TRADE PAYABLES

     Pos ini merupakan utang yang timbul dari pembelian barang            The caption represents payables arising from purchases of
     dan jasa. Tidak ada pemasok pihak berelasi.                          goods and services. There is no related party supplier.
                                                         2023                   2022

     Rupiah                                                  667.315               934.017                                        Rupiah
     Dolar Amerika Serikat                                     8.114                 7.414                                      US Dollar
                                                             675.429               941.431

     Grup tidak memberikan garansi atau jaminan atas utang                The Group does not provide any guarantee or collateral for
     usaha diatas.                                                        the above trade payables.

15. UTANG LAINNYA                                                                                        15. OTHER PAYABLES

                                                         2023                   2022

     Pendaftaran kendaraan                                    43.619                24.346                           Vehicle registration
     Uang muka dari pelanggan                                 37.390                56.062                      Advances from customers
     Deposit jaminan dari pelanggan                            1.076                 2.304                 Customers’ guarantee deposits
     Lainnya                                                  22.770                22.043                                         Other
                                                             104.855               104.755


16. BEBAN AKRUAL                                                                                     16. ACCRUED EXPENSES

                                                         2023                  2022

     Pemasaran dan iklan                                     78.461                 54.816                      Marketing and advertising
     Kompensasi karyawan                                     68.796                 53.369                        Employee compensation
     Penggantian klaim                                       26.164                 26.164                          Indemnification claim
     Jasa tenaga ahli                                         5.468                  6.789                               Professional fees
     Distribusi, pergudangan dan pengepakan                   3.473                  3.302       Distribution, warehousing and packaging
     Perbaikan dan pemeliharaan                               2.504                  1.482                        Repair and maintenance
     Lainnya                                                 21.438                 28.075                                         Other
                                                            206.304                173.997


17. PENDAPATAN YANG DITANGGUHKAN                                                                    17. UNEARNED REVENUE
                                                          2023                  2022

     Premi yang ditangguhkan                                745.116                770.478)                             Unearned premium
     Pendapatan yang ditangguhkan                             7.665                  8.325)                              Unearned revenue
                                                            752.781                778.803)
     Bagian yang jatuh tempo dalam setahun                 (166.766)              (119.658)                            Current maturities
     Bagian jangka panjang, setelah dikurangi                                                           Long-term portions, net of current
      bagian yang jatuh tempo dalam setahun                 586.015)               659.145)                                  maturities




PT Mitra Pinasthika Mustika                                                                                                            46
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                   PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                     PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                    CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                               UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022 (Lanjutan)/
                                     NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                   FOR YEARS ENDED 31 DECEMBER 2023 AND 2022 (Continued)
                     (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

17. PENDAPATAN YANG DITANGGUHKAN (Lanjutan)                                                  17. UNEARNED REVENUE (Continued)
     Premi yang ditangguhkan                                                   Unearned premium
     Premi yang ditangguhkan dan pengurangan untuk porsi                       The unearned premiums and the related reduction for
     reasuradur atas premi terkait adalah sebagai berikut:                     expected reinsurance premium refunds was as follows:
                                                 2023                                         2022
                                                      Pengurangan untuk
                                                     premium reasuradur/      Premi yang         Pengurangan untuk
                                    Premi yang          Reduction for       ditangguhkan /      premium reasuradur/
                                   ditangguhkan/      ceded reinsurance        Unearned          Reduction for ceded
                                 Unearned premiums        premium              premiums         reinsurance premium

     Asuransi kredit multiguna             398.371              317.581             463.141                  375.590      Multipurpose credit insurance
     Kendaraan bermotor                    150.014                6.396             153.606                    7.262                    Motor vehicles
     Properti                              132.356               99.043             100.485                   79.320                           Property
     Rekayasa                               28.696               25.502              28.051                   24.138                       Engineering
     Tanggung gugat                         16.084               13.346              14.360                   12.553                          Liabilities
     Rangka kapal                            8.379                6.997               3.598                    3.103                       Marine hull
     Pengangkutan laut                       5.827                4.849               1.882                    1.160                     Marine cargo
     Lainnya                                 5.389                1.523              (5.355                   (1.785                              Other
                                           745.116              475.237            (770.478                 (504.911

     Pada tanggal 31 Desember 2023 dan 2022, aset reasuransi                   As of 31 December 2023 and 2022, reinsurance assets
     terkait dengan estimasi klaim liabilitias masing-masing                   related to estimated claim liabilities amounted to
     sebesar Rp 417.779 dan Rp 409.292 (Catatan 18) dan untuk                  Rp 417,779 and Rp 409,292, respectively (Note 18) and for
     premium reasuransi masing-masing sebesar Rp 475.237 dan                   ceded reinsurance premiums amounted to Rp 475,237 and
     Rp 504.911,    penjumlahan     masing-masing     sebesar                  Rp 504,911, respectively, totaling Rp 893,016 and
     Rp 893.016 dan Rp 914.203 telah dicatat sebagai aset                      Rp 914,203, respectively have been classified as
     reasuransi.                                                               reinsurance assets.
     Perubahan dari premi yang ditangguhkan dan porsi                          The movement of unearned premiums and the related
     reasuradur atas premi ditangguhkan terkait yang dicatat                   reinsurance portion recorded as part of reinsurance assets
     sebagai bagian dari aset reasuransi untuk tahun berakhir                  during the years ended 31 December 2023 and 2022 were
     31 Desember 2023 dan 2022 adalah sebagai berikut:                         as follows:
                                                                      2023
                                             Premium yang ditangguhkan/              Porsi reasuradur/
                                                 Unearned premiums                  Reinsurers’ portion

     Saldo, awal tahun                                           770.478)                            (504.911)         Balance, beginning of the year
     Premi yang diperoleh selama                                                                                            Premiums written during
        tahun berjalan                                           624.834)                            (375.103)                            the year
     Premi yang merupakan pendapatan                                                                                        Premiums earned during
        selama tahun berjalan                                   (650.196)                             404.777)                            the year
     Saldo, akhir tahun)                                         745.116)                            (475.237)                   Balance, end of year
                                                                      2022
                                             Premium yang ditangguhkan/              Porsi reasuradur/
                                                 Unearned premiums                  Reinsurers’ portion

     Saldo, awal tahun                                           648.814)                            (401.754)         Balance, beginning of the year
     Premi yang diperoleh selama                                                                                            Premiums written during
       tahun berjalan                                            640.048)                            (338.874)                            the year
     Premi yang merupakan pendapatan                                                                                        Premiums earned during
       selama tahun berjalan                                    (518.384)                             235.717)                            the year
     Saldo, akhir tahun                                          770.478)                            (504.911)                   Balance, end of year

      Pendapatan yang ditangguhkan                                             Unearned revenue

      Saldo pendapatan yang ditangguhkan merupakan pendapatan                  Unearned revenue balance represents revenues paid in
      yang diterima di muka atas penyewaan tanah dan bangunan.                 advance arising from lease of land and building.




PT Mitra Pinasthika Mustika                                                                                                                           47
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                  PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                    PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                   CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                              UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022 (Lanjutan)/
                                    NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                  FOR YEARS ENDED 31 DECEMBER 2023 AND 2022 (Continued)
                    (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

18.   ESTIMASI LIABILITAS KLAIM                                                                     18.    ESTIMATED CLAIM LIABILITIES
                                                             2023                                     2022
                                                                    Estimasi                                  Estimasi
                                             Estimasi           pemulihan dari         Estimasi           pemulihan dari
                                             liabilitas         aset reasuransi/       liabilitas         aset reasuransi/
                                               klaim/              Estimated             klaim/              Estimated
                                            Estimated           recoveries from       Estimated           recoveries from
                                               claim              reinsurance            claim              reinsurance
                                            liabilities              assets           liabilities              assets
      Klaim yang masih dalam proses:                                                                                                     Outstanding claims:
        Kendaraan bermotor                         30.448                  732            32.039                     379                   Motor vehicles
        Rekayasa                                   22.196               20.614            25.188                  23.728                      Engineering
        Properti                                  171.231              161.196           178.999                 168.211                         Property
        Lainnya                                   255.497              221.638           201.613                 185.737                            Other
      Jumlah klaim yang masih dalam                                                                                                        Total outstanding
        proses                                    479.372              404.180           437.839                 378.055                           claims

      Klaim yang sudah terjadi namun                                                                                              Claims incurred but not yet
        belum dilaporkan:                                                                                                                       reported:
        Kendaraan bermotor                           4.148                  646             1.251                      40                  Motor vehicles
        Rekayasa                                       191                    5               939                     895                    Engineering
        Properti                                     1.679                1.391             1.317                     985                        Property
        Lainnya                                     15.378               11.557            33.924                  29.317                          Other
                                                    21.396               13.599            37.431                  31.237

                                                  500.768              417.779           475.270                 409.292

      Perubahan dari estimasi liabilitas klaim dan klaim                                  The movement of estimated claim liabilities and the
      reasuransi terkait yang dicatat sebagai bagian dari aset                            related reinsurance recoverable recorded as part of
      reasuransi selama tahun berakhir 31 Desember 2023 dan                               reinsurance assets during the years ended
      2022 adalah sebagai berikut:                                                        31 December 2023 and 2022 were as follows:
                                                                             2023
                                                                                    Estimasi pemulihan
                                                           Estimasi                 dari aset reasuransi/
                                                       liabilitas klaim/                 Estimated
                                                       Estimated claim                recoveries from
                                                          liabilities                reinsurance assets
       Saldo, awal tahun                                        475.270)                       (409.292)                    Balance, beginning of the year
       Klaim yang terjadi selama tahun berjalan                 201.974)                        (82.081)                   Claims incurred during the year
       Klaim (disetujui) terpulihkan selama                                                                            Claims (approved) recovered during
         tahun berjalan                                        (176.476)                         73.594)                                       the year
       Saldo, akhir tahun                                       500.768)                       (417.779)                          Balance, end of the year

                                                                             2022
                                                                                    Estimasi pemulihan
                                                           Estimasi                 dari aset reasuransi/
                                                       liabilitas klaim/                 Estimated
                                                       Estimated claim                recoveries from
                                                          liabilities                reinsurance assets
       Saldo, awal tahun                                        609.784)                       (555.899)                     Balance, beginning of the year
       Klaim yang terjadi selama tahun berjalan                 447.183)                       (337.851)                    Claims incurred during the year
       Klaim (disetujui) terpulihkan selama tahun                                                                       Claims (approved) recovered during
         berjalan                                              (581.697)                        484.458)                                        the year
       Saldo, akhir tahun                                       475.270)                       (409.292)                           Balance, end of the year




PT Mitra Pinasthika Mustika                                                                                                                               48
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                 PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                   PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                  CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                             UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022 (Lanjutan)/
                                   NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                 FOR YEARS ENDED 31 DECEMBER 2023 AND 2022 (Continued)
                   (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

19. LIABILITAS IMBALAN KERJA                                                      19. EMPLOYEE BENEFITS LIABILITIES
     Liabilitas imbalan kerja                                             Employee benefits liabilities
                                                         2023                   2022
     Imbalan pascakerja                                      26.090                 22.856                      Post-employment benefits
     Imbalan kerja jangka panjang lainnya                    11.135                 10.555             Other long-term employee benefits
                                                             37.225                 33.411
     a. Imbalan pascakerja                                                a. Post-employment benefits
         Grup membukukan kewajiban atas imbalan pascakerja                    The Group provide post-employment benefits liabilities
         karyawan untuk karyawan yang memenuhi persyaratan                    for its qualifying employees in accordance with Labor
         sesuai   dengan      Undang-Undang       Ketenagakerjaan             Law No. 13/2003 and Government Regulation
         No. 13/2003 dan Peraturan Pemerintah No. 35/2021.                    No. 35/2021.
         Mutasi liabilitas imbalan pasca-kerja adalah sebagai                 The movement of post-employment benefits liability is
         berikut:                                                             as follows:
                                                         2023                   2022
        Saldo awal                                          35.382)                59.849)                            Beginning balance
        Diakui di laba rugi:                                                                                  Recognized in profit or loss:
          Biaya jasa kini                                    2.502)                 4.968)                       Current service costs
          Biaya jasa lalu                                        -)                (9.398)                          Past service costs
          Biaya bunga                                        2.278)                 2.484)                               Interest costs
                                                            40.162)                57.903)
        Diakui di penghasilan komprehensif lain                                                Recognized in other comprehensive income
          laba aktuarial yang timbul dari:                                                                actuarial gain arising from:
          - Asumsi keuangan                                  1.697)                (1.241)                    Financial assumptions -
          - Penyesuaian pengalaman                             670)                 2.236)                    Experience adjustment -
                                                            42.529)                58.898)
        Saldo dari operasi yang dihentikan                       -)               (15.994)           Balance from discontinued operation
        Imbalan yang dibayarkan                             (1.318)                (1.345)                                  Benefits paid
        Lainnya                                                  8                 (6.177)                                        Others
                                                            41.219)                35.382)
        Nilai wajar aset program                           (15.129)               (13.235)                       Fair value of plan assets
        Surplus aset program                                     -                    709)                            Surplus plan assets
        Saldo akhir, setelah dikurangi nilai wajar                                                     Ending balance, net of fair value of
         aset program                                       26.090)                22.856)                                  plan assets
                                                                              The movement in the fair value of plan assets is as
        Mutasi nilai wajar aset program adalah sebagai berikut:               follows:

                                                         2023                   2022
        Saldo awal                                         (13.235)               (30.488)                            Beginning balance
        Operasi yang dihentikan                                  -)                17.828)                       Discontinued Operations
        Kontribusi yang dibayar                             (3.000)                  (251)                            Contributions paid
        Penarikan dana                                       1.914)                     -)                                   Withdrawal
        Lainnya                                               (808)                  (324)                                        Others
        Saldo akhir                                        (15.129)               (13.235)                                Ending balance

        Dana aset program diinvestasikan sebagian besar di kas di             The majority of plan assets’ funds are invested in cash
        bank dan deposito berjangka, yang mana nilai tercatatnya              in bank and time deposits, in which their carrying
        mendekati nilai wajarnya.                                             amounts approximate their fair values.
     b. Imbalan kerja jangka panjang lainnya                              b. Other long-term employee benefit
        Grup menyediakan imbalan kerja jangka panjang bagi                    The Group provides long-service benefits for its
        karyawan yang telah bekerja untuk sejumlah tahun.                     employees who have worked for a certain number of
        Imbalan menjadi terutang pada tanggal yang telah                      years. The benefits become payable on specified dates.
        ditentukan.




PT Mitra Pinasthika Mustika                                                                                                             49
Page 242
                 PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                   PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                  CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                             UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022 (Lanjutan)/
                                   NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                 FOR YEARS ENDED 31 DECEMBER 2023 AND 2022 (Continued)
                   (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

19. LIABILITAS IMBALAN KERJA (Lanjutan)                                        19. EMPLOYEE BENEFITS LIABILITIES (Continued)
     Liabilitas imbalan kerja (Lanjutan)                                                Employee benefits liabilities (Continued)
     b. Imbalan kerja jangka panjang lainnya (Lanjutan)                                 b. Other long-term employee benefit (Continued)
        Berikut ini mencerminkan saldo dan mutasi kewajiban                                The following reflects the balances and the movements
        imbalan kerja jangka panjang untuk tahun berakhir                                  in the long-service benefits obligation for the years
        31 Desember 2023 dan 2022:                                                         ended 31 December 2023 and 2022:

                                                                      2023                    2022
         Saldo awal                                                         10.555)                 10.602)                               Beginning balance
         Biaya imbalan kerja                                                 1.695)                  1.142)                                    Benefits cost
         Imbalan yang dibayarkan                                            (1.115)                 (1.189)                                    Benefits paid
         Saldo akhir                                                        11.135)                 10.555)                                 Ending balance

     c. Asumsi aktuarial                                                                c. Actuarial assumptions
        Asumsi dasar aktuarial yang digunakan dalam                                        Principal actuarial assumptions used in computing the
        perhitungan nilai liabilitas pada tanggal pelaporan adalah                         amount of the obligation as as at reporting dates were
        sebagai berikut:                                                                   as follows:
                                                              2023                                   2022
        Tingkat diskonto per tahun                                6,25% - 7,10%                           7,04% - 7,44%              Discount rate per annum
        Kenaikan gaji masa depan per tahun                                   5%                                      5%    Future salary increment per annum
        Tingkat kematian                                                TMI’19                                  TMI’19                         Mortality rate
        Tingkat disabilitas                        10% dari tingkat kematian/               10% dari tingkat kematian/                         Disability rate
                                                          10% of mortality rate                   10% of mortality rate
        Tingkat pengunduran diri per tahun          3% - 14% untuk karyawan                  3% - 14% untuk karyawan              Resignation rate per annum
                                                     sebelum usia 30 dan akan                 sebelum usia 30 dan akan
                                                 menurun secara linear sampai            menurun secara linear sampai
                                                              0% pada usia 53/                         0% pada usia 53/
                                                   3% - 14% for employee with              3% - 14% for employee with
                                                    age of less than 30 and will            age of less than 30 and will
                                                 linearly decrease to 0% at the          linearly decrease to 0% at the
                                                                       age of 53                               age of 53
        Tingkat diskonto digunakan dalam menentukan nilai kini                             The discount rate is used in determining the present
        kewajiban imbalan kerja pada tanggal penilaian. Secara                             value of the benefit obligation at valuation date. In
        umum, tingkat diskonto biasanya ditentukan sesuai                                  general, the discount rate is usually determined in line
        dengan ketersediaan obligasi pemerintah yang ada di                                with the availability of government bond in the active
        pasar aktif pada tanggal posisi keuangan.                                          capital market at the financial position date.
        Asumsi tingkat kenaikan gaji di masa depan                                         The future salary increment assumption projects the
        memproyeksikan kewajiban imbalan kerja mulai dari                                  benefit obligation starting from the valuation date up
        tanggal penilaian sampai dengan usia pensiun normal.                               to the normal retirement age. The increase rate of
        Tingkat kenaikan gaji pada umumnya ditentukan                                      salary is generally determined based on inflation
        berdasarkan penyesuaian inflasi terhadap tingkat upah                              adjustment to pay scales and increase in length of
        dan kenaikan masa kerja.                                                           service.
     d. Analisis sensitivitas                                                           d. Sensitivity analysis
        Kemungkinan perubahan yang wajar pada tanggal                                      Reasonably possible changes at the reporting dates to
        pelaporan atas satu dari asumsi aktuarial yang relevan,                            one of the relevant actuarial assumptions, holding
        dengan catatan asumsi lain tidak mengalami perubahan,                              other assumptions constant, would have affected the
        akan mengakibatkan perubahan jumlah liabilitas imbalan                             employee benefits liabilities by the amounts shown
        kerja sebagaimana ditunjukkan di bawah ini.                                        below.
                                                                   2023                             2022
                                                       Kenaikan/          Penurunan/    Kenaikan/          Penurunan/
                                                       Increase            Decrease     Increase            Decrease

        Tingkat bunga diskonto (pergerakan 1%)              (5.387)            6.135)       (4.356)              5.172)            Discount rate (1% movement)
        Tingkat kenaikan gaji (pergerakan 1%)                5.503)           (4.896)        4.598)             (3.898)    Salary increment rate (1% movement)




PT Mitra Pinasthika Mustika                                                                                                                                50
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                      PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                        PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                       CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                                  UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022 (Lanjutan)/
                                        NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                      FOR YEARS ENDED 31 DECEMBER 2023 AND 2022 (Continued)
                        (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

19. LIABILITAS IMBALAN KERJA (Lanjutan)                                  19. EMPLOYEE BENEFITS LIABILITIES (Continued)
     Liabilitas imbalan kerja (Lanjutan)                                       Employee benefits liabilities (Continued)
     e. Informasi historis                                                     e. Historical information
                                                  2023        2022          2021         2020         2019


             Nilai kini kewajiban imbalan          26.090      22.856)        33.263       35.094     29.642)     Present value benefit obligation
             Penyesuaian kewajiban di masa lalu      (364)     (1.818)         2.230       (1.986)    (2.401)   Experience adjustment on liability
      Kompensasi berbasis saham
     \\                                                                    Share-based compensations
      Pada tahun 2014 Perseroan memulai program insentif                   In 2014, the Company initiated long-term incentive plan to
      jangka Panjang untuk Direksi dan/atau Personel                       Directors and/or key management personnel of the Group.
      Manajemen Inti Grup. Pembayaran kompensasi jangka                    Share-based incentive plan depends on the achievement of
      panjang berbasis saham ini tergantung kepada pencapaian              certain conditions, namely the condition of market performance
      kondisi tertentu, yaitu kondisi kinerja pasar dan bukan              and non-market.
      pasar.
      Pada tahun 2015 Perseroan mengubah formula                           In 2015 the Company amended the formula for calculating
      perhitungan program insentif jangka panjang berbasis                 long-term share-based incentive plan based on market and non-
      saham yang berdasarkan pada kondisi kinerja pasar dan                market performance conditions. In 2018, the Company revised
      bukan pasar. Pada tahun 2018, Perseroan mengubah                     the long-term share-based incentive plan based solely on non-
      kembali program insentif jangka panjang berbasis saham               market performance conditions for a certain period. During the
      yang hanya didasarkan pada kondisi kinerja bukan pasar               year, as a result of changes to this program, the Company
      selama periode tertentu. Selama tahun berjalan, sebagai              recognized changes in other equity components, each in the
      akibat perubahan program ini, Perseroan mengakui                     form of deductions amounted to Rp 2,455 and Rp 2,588 as of
      perubahan di komponen ekuitas lainnya, pengurangan                   31 December 2023 and 2022, respectively.
      sebesar Rp 2.455 dan Rp 2.588 masing-masing pada
      tanggal 31 Desember 2023 and 2022.
      Estimasi jumlah biaya program pada tanggal                           Estimated total program costs as of 31 December 2023 and
      31 Desember 2023 dan 2022 adalah masing-masing                       2022 was Rp 10,952 and Rp 13,407, respectively.
      sebesar Rp 10.952 dan Rp 13.407.
          Nilai wajar program kompensasi berbasis saham                    The fair values of the Company’s share-based compensation
          Perseroan diukur berdasarkan perhitungan dari penilai            plans is measured based on the calculation by qualified
          berkualifikasi dengan menggunakan simulasi Monte                 appraisers using Monte Carlo simulation.
          Carlo.
          Simulasi ini menggunakan teknik pendekatan                       The simulation is using income approach technique, in which
          penghasilan, di mana nilai wajar didasarkan pada model           the fair values are based on discounted cash flow models.
          arus kas terdiskonto.
          Simulasi ini mempertimbangkan harga pasar saham                  It considers market price of the Company’s shares at grant date,
          Perseroan di tanggal pemberian, dan asumsi dan input             and the assumptions and inputs used include historical volatility
          yang digunakan termasuk volatilitas historis dari entitas        of benchmarked entities, best estimate of dividend yield, risk-
          pembanding, estimasi terbaik dari penghasilan dividen,           free interest rates, and possibilities of achieving the vesting
          suku bunga bebas risiko, dan kemungkinan tercapainya             conditions.
          kondisi vesting.
20. LIABILITAS OPSI JUAL                                                                              20. PUT OPTION LIABILITY
     Pada tanggal 17 Juni 2020, Perseroan menandatangani                   As of 17 June 2020, the Company enter a Put Option Agreement
     Perjanjian Opsi Jual (“Perjanjian”) untuk membeli 13.200              (“Agreement”) to purchase 13,200 shares from other
     lembar saham dari pemegang saham lainnya di AMPM                      shareholders in AMPM (Option Holders), by which the Put
     (Pemegang Opsi), di mana Opsi Jual dapat dilaksanakan                 Option can be exercised by the Option Holder within several
     oleh Pemegang Opsi dalam beberapa periode vesting                     vesting period over the usage term of the Put Option and using
     selama jangka waktu Opsi Jual dan dengan harga                        the Put Option exercise price pursuant to the term in the
     pelaksanaan Opsi Jual sesuai ketentuan dalam perjanjian.              agreement. The Put Option period is valid until, whichever is
     Jangka waktu Opsi Jual tersebut berlaku sampai dengan,                earlier, at 00.01 Western Indonesian Time on 1 February 2025
     mana yang lebih dahulu terjadi, pukul 00.01 WIB tanggal               or 5 (five) working days after Annual General Meeting of
     1 Februari 2025 atau 5 (lima) hari kerja setelah Rapat                Shareholders of AMPM which agrees on AMPM Initial Public
     Umum Pemegang Saham AMPM yang menyetujui                              Offering (“IPO”) or until the ownership of shares become
     melakukan penawaran umum perdana saham biasa atas                     100% from the Option Holder.
     nama AMPM atau sampai dengan 100% kepemilikan
     saham dari Pemegang Opsi.



PT Mitra Pinasthika Mustika                                                                                                                    51
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                 PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                   PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                  CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                             UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022 (Lanjutan)/
                                   NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                 FOR YEARS ENDED 31 DECEMBER 2023 AND 2022 (Continued)
                   (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

20. LIABILITAS OPSI JUAL (Lanjutan)                                                           20. PUT OPTION LIABILITY (Continued)
     Pada tanggal 17 Juni 2022, Pemegang Opsi menyetujui                     As of 17 June 2022, Option Holders approved the exercise of
     pelaksanaan Opsi Jual saham kepada Perseroan sebanyak                   Put Option to the Company amounting 8% from issued and
     8% dari total modal ditempatkan dan disetor pada AMPM                   paid share capital in AMPM (8,800 shares with the total
     (8.800 lembar dengan nilai transaksi sebesar Rp 155.372).               transaction value of Rp 155,372). As afterwards the ownership
     Sehingga untuk selanjutnya kepemilikan saham Perseroan                  at the Company is 96% from issued and paid share capital in
     menjadi sebanyak 96% dari jumlah modal ditempatkan                      AMPM.
     dan disetor pada AMPM.
     Pada tanggal 23 Juni 2023, Pemegang Opsi menyetujui                     As of 23 June 2023, Option Holders approved the exercise of
     pelaksanaan Opsi Jual saham kepada Perseroan sebanyak                   Put Option to the Company amounting 3.5% from issued and
     3,5% dari total modal ditempatkan dan disetor pada                      paid share capital in AMPM (3,850 shares with the total
     AMPM (3.850 lembar dengan nilai transaksi sebesar                       transaction value of Rp 75,136). As afterwards the ownership
     Rp 75.136). Sehingga untuk selanjutnya kepemilikan                      at the Company is 99.5% from issued and paid share capital in
     saham Perseroan menjadi sebanyak 99,5% dari jumlah                      AMPM.
     modal ditempatkan dan disetor pada AMPM.
                                                            2023                           2022
     Pengakuan liabilitas untuk harga                                                                            Recognition liability for the written
      pelaksanaan opsi jual diterbitkan                         10.542)                      73.010)                   put option exercise price
     Nilai tercatat atas kepentingan                                                                             Carrying amount of noncontrolling
      nonpengendali                                             (2.270)                     (54.478)                                     interest
     Dicatat sebagai bagian atas komponen ekuitas                                                                  Recorded as part of other equity
      lainnya (Catatan 29)                                          8.272)                   18.532)                      component (Note 29)

21. MODAL SAHAM                                                                                                       21. SHARE CAPITAL
    Pada tanggal 31 Desember 2023 dan 2022, modal dasar                      As of 31 December 2023 and 2022, the Company’s authorized
    Perseroan adalah sebesar Rp 5.000.000 (10.000.000.000                    share capital amounted to Rp 5,000,000 (10,000,000,000
    saham dengan nilai nominal Rp 500 (Rupiah penuh) per                     shares at nominal value of Rp 500 (whole Rupiah) per share).
    saham).
    a. Struktur pemegang saham                                               a.     Shareholding
       Struktur pemegang saham Perseroan pada tanggal                               The Company’s shareholding as 31 December 2023 and
       31 Desember 2023 dan 2022 berdasarkan catatan yang                           2022 based on the records maintained by PT Datindo
       dibuat oleh PT Datindo Entrycom, biro administrasi                           Entrycom, the share administrator, was as follows:
       efek, adalah sebagai berikut:
                                                                             2023
                                                                                               Jumlah
                                                    Jumlah saham/                             nominal/
                                                      Number of         Persentase/           Nominal
                        Pemegang saham                 shares           Percentage              value                   Shareholders
        PT Saratoga Investama Sedaya Tbk            2.530.083.541                  56,69      1.265.042          PT Saratoga Investama Sedaya Tbk
        PT Persada Capital Investama                  223.150.000                   5,00        111.575              PT Persada Capital Investama
                                                                                                                       Board of Commissioners and
        Dewan Komisaris dan Dewan Direksi:                                                                                   Board of Directors:
          Edwin Soeryadjaya                                                                                                   Edwin Soeryadjaya
            (Komisaris Utama)                           1.735.000                   0,04            868            (President Commissioners)
          Tossin Himawan (Komisaris)                   72.429.700                   1,62         36.215        Tossin Himawan (Commissioners)
          Danny Walla (Komisaris)                      51.978.000                   1,16         25.989           Danny Walla (Commissioners)
          Suwito Mawarwati (Direktur Utama)            13.774.170                   0,31          6.887   Suwito Mawarwati (President Director)
          Beatrice Kartika (Direktur)                   4.625.100                   0,10          2.313               Beatrice Kartika (Director)
          Kemal Mawira (Direktur)                         104.600                   0,00             52                Kemal Mawira (Director)
        Masyarakat (kepemilikan dibawah 5%)         1.468.370.080                  32,91        734.185          Public (each ownership below 5%)
                                                    4.366.250.191                  97,83      2.183.126
        Saham tresuri                                  96.713.085                   2,17         48.356                              Treasury stocks
                                                    4.462.963.276                 100,00      2.231.482




PT Mitra Pinasthika Mustika                                                                                                                        52
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                PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                  PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                 CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                            UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022 (Lanjutan)/
                                  NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                FOR YEARS ENDED 31 DECEMBER 2023 AND 2022 (Continued)
                  (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)


21. MODAL SAHAM (Lanjutan)                                                                       21. SHARE CAPITAL (Continued)
    a.   Struktur pemegang saham (Lanjutan)                                 a.       Shareholding (Continued)
                                                                     2022
                                                                                          Jumlah
                                                  Jumlah saham/                          nominal/
                                                    Number of       Persentase/          Nominal
                         Pemegang saham              shares         Percentage             value                  Shareholders
         PT Saratoga Investama Sedaya Tbk         2.530.083.541             56,69        1.265.042       PT Saratoga Investama Sedaya Tbk
         PT Persada Capital Investama               223.150.000              5,00          111.575            PT Persada Capital Investama
                                                                                                                Board of Commissioners and
         Dewan Komisaris dan Dewan Direksi:                                                                            Board of Directors:
           Edwin Soeryadjaya                                                                                           Edwin Soeryadjaya
              (Komisaris Utama)                         130.000            0,00                 65           (President Commissioners)
           Tossin Himawan (Komisaris)                72.429.700            1,62             36.215      Tossin Himawan (Commissioners)
           Danny Walla (Komisaris)                   51.978.000            1,16             25.989         Danny Walla (Commissioners)
           Suwito Mawarwati (Direktur Utama)         10.595.470            0,24              5.298 Suwito Mawarwati (President Director)
           Beatrice Kartika (Direktur)                2.884.900            0,06              1.442             Beatrice Kartika (Director)
           Ivan (Direktur)                              708.400            0,02                354                         Ivan (Director)
           Titien Supeno (Direktur)                  10.567.383            0,24              5.284                Titien Supeno (Director)
         Masyarakat (kepemilikan dibawah 5%)      1.450.860.097           32,51            725.430        Public (each ownership below 5%)
                                                  4.353.387.491           97,54          2.176.694
         Saham tresuri                              109.575.785            2,46             54.788                           Treasury stocks
                                                  4.462.963.276          100,00          2.231.482

     b. Saham tresuri                                                    b. Treasury stocks
         Perseroan melakukan pembelian kembali sebagian                          The Company repurchased its shares publicly traded on
         saham yang diperdagangkan di Bursa Efek Indonesia,                      the Indonesia Stock Exchange, as permitted by OJK
         yang     diperkenankan    sesuai  Peraturan    OJK                      Regulation No. 2/POJK.04/2013 dated 23 August 2013
         No. 2/POJK.04/2013 tanggal 23 Agustus 2013 dan                          and OJK Regulation No. 30/POJK.04/2017 dated
         Peraturan     OJK    No. 30/POJK.04/2017    tanggal                     21 June 2017.
         21 Juni 2017.
         Pembelian kembali tersebut dilakukan secara bertahap                    The repurchase was executed gradually in several
         dalam beberapa periode diantara tahun 2013 dan 2017,                    periods in between 2013 and 2017, where the remained
         di mana sisa saham tresuri yang dimiliki saat ini                       treasury stocks owned is from the purchases of last
         merupakan pembelian dari satu periode terakhir:                         period:

            29 Agustus 2013 – 28 November 2013;                                     29 August 2013 – 28 November 2013;
            9 Desember 2013 – 8 Maret 2014;                                         9 December 2013 – 8 March 2014;
            24 Agustus 2015 – 23 November 2015;                                     24 August 2015 – 23 November 2015;
            30 November 2015 – 31 Januari 2016;                                     30 November 2015 – 31 January 2016;
            1 Februari 2016 – 1 Mei 2016;                                           1 February 2016 – 1 May 2016;
            27 Juli 2017 – 31 Desember 2017 (pelunasan terjadi                      27 July 2017 – 31 December 2017 (settlement
             di Januari 2018).                                                        occurred in January 2018).

         Selama tahun 2022, Perseroan telah melakukan                            During 2022, the Company sell-back 29,868,400 shares
         penjualan kembali sebanyak 29.868.400 saham dengan                      for a total consideration price of Rp 15,117. In addition,
         nilai penjualan sebesar Rp 15.117. Selain itu, selama                   during 2023 and 2022, the Company also distributed
         periode 2023 dan 2022, Perseroan juga membagikan                        12,862,700 and 7,798,800 shares to its employee with
         sebanyak 12.862.700 dan 7.798.800 saham kepada                          regards to the implementation of Long Term Incentive
         karyawan Perseroan sehubungan dengan Program                            Program for a total distribution price of Rp 11,891 and
         Insentif Jangka Panjang Perusahaan dengan jumlah nilai                  Rp 7,210, respectively.
         distribusi sebesar Rp 11.891 dan Rp 7.210.

         Pada tanggal 31 Desember 2023, Perseroan memiliki                       As at 31 December 2023, the Company had 96,713,085
         saham tresuri sebanyak 96.713.085 lembar saham                          shares of treasury stocks for a total price of Rp 88,887
         dengan nilai sebesar Rp 88.887 (2022: 109.575.785                       (as of 2022: 109,575,785 shares for a total price of
         lembar saham dengan nilai sebesar Rp 100.778).                          Rp 100,778).



PT Mitra Pinasthika Mustika                                                                                                              53
Page 246
                PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                  PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                 CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                            UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022 (Lanjutan)/
                                  NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                FOR YEARS ENDED 31 DECEMBER 2023 AND 2022 (Continued)
                  (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

21. MODAL SAHAM (Lanjutan)                                                                  21. SHARE CAPITAL (Continued)
     c. Pengelolaan modal                                               c. Capital management
        Tujuan Perseroan dalam mengelola modal adalah untuk                 The objective of the Company when managing capital is
        menjaga kelangsungan usaha Perseroan, dalam rangka                  to safeguard the ability of the Company to continue as a
        memberikan pengembalian kepada pemegang saham                       going concern, in order to provide returns for
        dan manfaat kepada pemegang saham dan pemegang                      shareholders and benefits for other stakeholders, and to
        kepentingan lainnya, dan mempertahankan struktur                    maintain an optimal capital structure to minimize the
        modal yang optimal untuk meminimalkan beban modal.                  effective cost of capital. In order to maintain the capital
        Dalam rangka mempertahankan struktur modal,                         structure, the Company may from time to time adjust the
        Perseroan dapat dari waktu ke waktu menyesuaikan                    amounts of dividends paid to shareholders, issue private
        jumlah dividen yang dibayarkan kepada para pemegang                 placement of new shares, and increase/decrease debt
        saham, mengeluarkan saham baru dengan penempatan                    levels.
        terbatas dan menaikkan/menurunkan pinjaman.
        Berdasarkan Akta Notaris Jose Dima Satria, S.H., M.Kn               Based on public notary deed Jose Dima Satria,
        No. 127 tanggal 24 Mei 2023 tentang Berita Acara Rapat              S.H., M.Kn. No. 127 dated 24 May 2023 about Minutes
        Umum Pemegang Saham Luar Biasa, menetapkan                          of Extraordinary General Meeting of Shareholders, sets
        penambahan jumlah cadangan wajib Perseroan sebesar                  out an additional for the Company’s appropriated
        Rp 10.000 atas laba bersih tahun 2022. Saldo cadangan               retained earnings of Rp 10,000 for fiscal year 2022 net
        wajib pada tanggal 31 Desember 2023 dan 2022 masing-                profit. Appropriated retained earnings balance as of
        masing sebesar Rp 135.298 dan Rp 125.298.                           31 December 2023 and 2022 are amounted to
                                                                            Rp 135,298 and Rp 125,298, respectively.
     d. Dividen tunai                                                    d. Cash dividend
        Pada Rapat Umum Pemegang Saham Tahunan tanggal                      At the Annnual General Shareholders meeting on
        24 Mei 2023, Perusahaan mengumumkan pembagian                       24 May 2023, the Company declared a distribution of
        dividen tunai senilai Rp589.444 (Rp135 (Rupiah penuh)               cash dividends amounting to Rp589,444 (Rp135 (whole
        per saham) yang dibagikan pada tangal 22 Juni 2023.                 Rupiah) per share) which was distributed on
                                                                            22 June 2023.
        Pada Rapat Umum Pemegang Saham Tahunan tanggal                      At the Annnual General Shareholders meeting on
        18 Mei 2022, Perusahaan mengumumkan pembagian                       18 May 2022, the Company declared a distribution of
        dividen tunai senilai Rp783.610 (Rp180 (Rupiah penuh)               cash dividends amounting to 783,610 (Rp180 (whole
        per saham) yang dibagikan pada tangal 16 Juni 2022.                 Rupiah) per share) which was distributed on
                                                                            16 June 2022.
22. TAMBAHAN MODAL DISETOR                                                             22. ADDITIONAL PAID-IN CAPITAL
                                                         2023                 2022
                                                                   )
    Penawaran umum saham perdana                            970.000)             970.000)                           Initial public offering
    Konversi dari obligasi konversi                         572.833)             572.833)               Conversion of convertible bonds
    Pelaksanaan hak pembelian saham                          44.630)              44.630)         Exercising the right to purchase shares
    Biaya penerbitan saham                                 (120.612)            (120.612)                            Share issuance costs
    Keuntungan penjualan saham tresuri                       33.408)              36.813)                 Gain on sale of treasury stocks
                                                          1.500.259)           1.503.664)

23. PENDAPATAN NETO                                                                                         23. NET REVENUES
                                                         2023                 2022
    Penjualan neto ke pihak ketiga:                                                                            Net sales to third parties:
       Kendaraan bermotor roda dua dan suku                                                                       Two-wheel vehicles
         cadangnya                                       13.579.798           12.465.819                  including the spare parts
    Pendapatan neto dari pihak ketiga:                                                                   Net revenues from third parties:
       Asuransi                                             279.273              277.035                                     Insurance
                                                         13.859.071           12.742.854

    Tidak ada pendapatan dari pelanggan individu yang                  No revenues earned from individual customers had value
    melebihi 10% dari jumlah pendapatan neto.                          exceeding 10% of total net revenues.


PT Mitra Pinasthika Mustika                                                                                                             54
Page 247
                 PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                   PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                  CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                             UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022 (Lanjutan)/
                                   NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                 FOR YEARS ENDED 31 DECEMBER 2023 AND 2022 (Continued)
                   (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

24. BIAYA POKOK PENDAPATAN                                                                             24. COST OF REVENUES
                                                          2023                 2022
     Barang dagangan 1 Januari                               369.740)            149.499)             Merchandise inventories 1 January
     Pembelian tahun berjalan                             12.426.813)         11.763.088)                      Purchases during the year
     Barang dagangan 31 Desember                            (276.532)           (369.740)           Merchandise inventories 31 December
     Biaya pokok penjualan dari aktivitas dagang          12.520.021)         11.542.847)             Cost of sales from trading activities
     Biaya pendapatan lainnya                               123.817)             112.560)                           Other cost of revenues
                                                          12.643.838)         11.655.407)
     Rincian pemasok dengan jumlah nilai pembelian yang                 The details of supplier from whom the Group made
     melebihi 10% dari jumlah pendapatan neto adalah sebagai            purchases with value of more than 10% of the total net
     berikut:                                                           revenues are as follow:
                                                          2023                 2022

     PT Astra Honda Motor                                 11.476.097          11.105.645)                          PT Astra Honda Motor
25. BEBAN USAHA                                                                                    25. OPERATING EXPENSES
                                                          2023                 2022

     Kompensasi karyawan                                     325.059              287.754                        Employee compensation
     Iklan dan promosi                                       133.153              115.070                     Advertising and promotion
     Biaya alih daya                                         123.269               99.412                                Outsourcing fees
     Transportasi dan penyimpanan                             63.855               51.609                    Transportation and storage
     Penyusutan aset tetap                                    57.773               50.558                    Depreciation of fixed assets
     Perbaikan dan pemeliharaan                               37.228               29.477                       Repair and maintenance
     Biaya keanggotaan                                        22.812                9.243                                 Membership fee
     Amortisasi                                               18.697               17.208                                    Amortization
     Jasa tenaga ahli                                         18.377               27.190                               Professional fees
     Penyusutan aset hak-guna                                 13.121               13.661              Depreciation of right-of-use assets
     Telekomunikasi                                           11.694               10.134                            Telecommunication
     Sewa                                                      9.035               10.091                                           Rental
     Peralatan kantor                                          8.962                8.391                                  Office supplies
     Utilitas                                                  8.229                7.643                                         Utilities
     Pajak dan lisensi                                         7.531               10.998                                Tax and licenses
     Perjalanan dinas                                          7.233                3.768                                       Travelling
     Lainnya                                                  28.121               24.117                                           Other
                                                             894.149              776.324

26. PENDAPATAN LAINNYA                                                                                       26. OTHER INCOME
                                                          2023                 2022
     Bea balik nama kendaraan                                142.634              108.327                        Vehicle registration fees
     Pendapatan investasi                                     13.655               12.251                                Investing income
     Keuntungan penjualan aset tetap                             930                1.657                       Gain on sale of fixed asset
     Keuntungan valuta asing                                       -               64.152                       Gain on foreign exchange
     Lainnya                                                  20.509               31.794                                            Other
                                                             177.728              218.181

27. SEGMEN OPERASI                                                                                27. OPERATING SEGMENTS
     Grup memiliki dua segmen operasi. Setiap segmen                    The Group has two reportable segments. Each segment offers
     menawarkan produk dan jasa yang berbeda, dan dikelola              different products and services, and is managed separately
     secara terpisah karena perbedaan model bisnis dan strategi         because each has different business model and marketing
     pemasaran. Ikhtisar berikut menjelaskan hasil operasional          strategies. The following summary describes the result of the
     segmen operasi Grup:                                               operations of the Group’s reportable segments:
      Distribusi, ritel dan aftermarket termasuk pembelian,             Distribution, retail and aftermarket includes purchasing,
        penjualan dan jasa atas kendaraan bermotor roda dua                 sales and services of two-wheel vehicles and its
        dan suku cadang.                                                    spareparts.
      Asuransi termasuk asuransi umum.                                  Insurance includes general insurance.



PT Mitra Pinasthika Mustika                                                                                                             55
Page 248
               PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                 PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                           UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022 (Lanjutan)/
                                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                               FOR YEARS ENDED 31 DECEMBER 2023 AND 2022 (Continued)
                 (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

27. SEGMEN OPERASI (Lanjutan)                                                       27. OPERATING SEGMENTS (Continued)
                                         Distribusi, ritel
                                        dan aftermarket/
   Untuk tahun berakhir                Distribution, retail   Asuransi/      Eliminasi/   Konsolidasian/                For the years ended
     31 Desember 2023:                  and aftermarket       Insurance     Elimination   Consolidated                 31 December 2023:
   Pendapatan neto                            13.579.798         285.034        (5.761)      13.859.071)                       Net revenues
   Biaya pokok pendapatan                    (12.520.021)       (123.817)            -)     (12.643.838)                    Cost of revenues
   Laba bruto                                  1.059.777         161.217        (5.761)       1.215.233)                        Gross profit
   Beban usaha                                   (636.430)      (149.970)        4.601         (781.799)                Operating expenses
   Pendapatan lainnya                             153.625         12.361           (51)         165.935)                      Other income
   Beban lainnya                                   (7.305)        (4.814)            -          (12.119)                    Other expenses
   Pendapatan keuangan                             48.533         32.397             -           (80.930)                  Finance income
   Biaya keuangan                                  (2.129)          (155)          909)           (1.375)                     Finance costs
   Laba sebelum pajak                             616.071         51.036          (302)         666.805                    Profit before tax
   Beban pajak penghasilan                       (102.110)        (3.721)            -)        (105.831)                Income tax expense
   Laba segmen dilaporkan                         513.961         47.315          (302)         560.974           Reportable segment profit
   Bagian atas laba entitas asosiasi                                                             45.977) Share of profit of associates entity
   Beban neto Perseroan yang tidak
     dialokasikan, setelah pajak                                                                             The Company’s net unallocated
     penghasilan:                                                                                              expense, net of income tax:
     Biaya keuangan                                                                                (234)                     Finance cost
     Selain biaya keuangan, neto                                                                (82.988)      Other than finance cost, net
   Laba neto dari operasi yang
     dilanjutkan, setelah pajak                                                                                 Net profit from continuing
     penghasilan                                                                                523.729)    operations, net of income tax
   Laba neto dari operasi yang
     dihentikan, setelah pajak                                                                                 Net profit from discontinued
     penghasilan                                                                                  1.909)    operations, net of income tax
   Laba konsolidasian                                                                          525.638)                  Consolidated profit

   Aset segmen dilaporkan                      2.910.249)      2.148.834    (1.576.975)       3.482.108             Reported segment assets
   Aset entitas induk yang tidak                                                                                 The Company’s unallocated
     dialokasikan                                                                             5.094.480                            assets
                                                                                                                   Assets from discontinued
   Aset dari operasi yang dihentikan                                                             22.438)                      operations
   Jumlah aset konsolidasian                                                                  8.599.026)           Total consolidated assets
   Liabilitas segmen dilaporkan                 1.132.681      1.431.367     (137.625)        2.426.423          Reported segment liabilities
   Liabilitas entitas induk yang                                                                                 The Company’s unallocated
      tidak dialokasikan                                                                         54.834                           liabilities
   Liabilitas dari operasi yang                                                                                 Liabilities from discontinued
      dihentikan                                                                                  5.856)                        operations
   Jumlah liabilitas konsolidasian                                                            2.487.113)        Total consolidated liabilities
   Pendapatan dari:                                                                                                          Revenues from:
     - pelanggan eksternal                    13.579.798         279.273             -      13.859.071                external customers -
     - segmen operasi lain                             -           5.761        (5.761)               -)        other operating segments -
   Jumlah pendapatan                          13.579.798)        285.034        (5.761)     13.859.071)                       Total revenues
   Beban penyusutan dan                                                                                       Depreciation and amortization
     amortisasi                                    61.983)          1.833             -         63.816                           expense
                                                                                                                The Company’s unallocated
   Beban yang tidak dialokasikan                                                                 12.654)                         expense
   Jumlah beban penyusutan dan                                                                                      Total depreciation and
     amortisasi                                                                                 76.470)            amortization expense




                                                                                                                                           56
Page 249
                  PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                    PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                   CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                              UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022 (Lanjutan)/
                                    NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                  FOR YEARS ENDED 31 DECEMBER 2023 AND 2022 (Continued)
                    (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

27.    SEGMEN OPERASI (Lanjutan)                                                          27. OPERATING SEGMENTS (Continued)
                                            Distribusi, ritel
                                           dan aftermarket/
      Untuk tahun berakhir                Distribution, retail Asuransi/     Eliminasi/    Konsolidasian/                  For the years ended
        31 Desember 2022:                  and aftermarket Insurance        Elimination    Consolidated                   31 December 2022:
      Pendapatan neto                           12.465.819)     285.068         (8.033)        12.742.854)                        Net revenues
      Biaya pokok pendapatan                   (11.542.847)    (112.560)             -)       (11.655.407)                     Cost of revenues
      Laba bruto                                   922.972)     172.508         (8.033)         1.087.447)                         Gross profit
      Beban usaha                                 (522.289)     (144.671)        6.276)         (660.684)                 Operating expenses
      Pendapatan lainnya                           133.201)       14.795)          (24)          147.972)                       Other income
      Beban lainnya                                 (4.149)            -             -)           (4.149)                     Other expenses
      Pendapatan keuangan                           32.661)       28.232)            -)           60.893)                    Finance income
      Biaya keuangan                                (1.987)         (381)        1.150)           (1.218)                       Finance costs
      Laba sebelum pajak                           560.409)       70.483)         (631)          630.261                     Profit before tax
      Beban pajak penghasilan                     (110.978)       (7.840)            -)         (118.818)                 Income tax expense
      Laba segmen dilaporkan                       449.431)       62.643)         (631)          511.443            Reportable segment profit
      Bagian atas laba entitas asosiasi                                                           62.922)    Share of profit of associates entity
      Beban neto Perseroan yang tidak                                                                          The Company’s net unallocated
        dialokasikan, setelah pajak                                                                             expense, net of income tax:
        penghasilan:
        Biaya keuangan                                                                               (510)                     Finance cost
        Selain biaya keuangan, neto                                                                (5.030)      Other than finance cost, net
      Laba neto dari operasi yang
        dilanjutkan, setelah pajak                                                                                 Net profit from continuing
        penghasilan                                                                              568.825)     operations, net of income tax
      Laba neto dari operasi yang
        dihentikan, setelah pajak                                                                                Net profit from discontinued
        penghasilan                                                                               92.923)     operations, net of income tax
      Laba konsolidasian                                                                         661.748)                   Consolidated profit
      Aset segmen dilaporkan                     2.995.441     2.022.456    (1.523.031)        3.494.866)              Reported segment assets
      Aset entitas induk yang tidak
        dialokasikan                                                                           5.373.750)    The Company’s unallocated assets
                                                                                                                     Assets from discontinued
      Aset dari operasi yang dihentikan                                                           21.202)                       operations
      Jumlah aset konsolidasian                                                                8.889.818)           Total consolidated assets

      Liabilitas segmen dilaporkan               1.369.957     1.351.600       (85.854)        2.635.703)          Reported segment liabilities
      Liabilitas entitas induk yang                                                                                The Company’s unallocated
         tidak dialokasikan                                                                       60.358)                          liabilities
      Liabilitas dari operasi yang                                                                                Liabilities from discontinued
         dihentikan                                                                                6.514)                         operations
      Jumlah liabilitas konsolidasian                                                          2.702.575)         Total consolidated liabilities
      Pendapatan dari:                                                                                                         Revenues from:
        - pelanggan eksternal                    12.465.819      277.035             -)        12.742.854              external customers -
        - segmen operasi lain                             -       (8.033        (8.033)                  -       other operating segments -
                                                 12.465.819      285.068        (8.033)        12.742.854
      Jumlah pendapatan                                                                                                          Total revenues
                                                                                                                Depreciation and amortization
      Beban penyusutan dan amortisasi                52.772        1.918              -            54.690                          expense
                                                                                                                  The Company’s unallocated
      Beban yang tidak dialokasikan                                                                13.076                          expense
                                                                                                                Depreciation and amortization
      Beban penyusutan dan amortisasi                                                                            expense from discontinued
        dari operasi yang dihentikan                                                              122.441                       operations
      Jumlah beban penyusutan dan                                                                                     Total depreciation and
        amortisasi                                                                                190.207            amortization expense




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                PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                  PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                           UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022 (Lanjutan)/
                                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                               FOR YEARS ENDED 31 DECEMBER 2023 AND 2022 (Continued)
                 (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

28. LABA PER SAHAM                                                                                   28. EARNINGS PER SHARE
                                                          2023               2022
   Laba yang dapat diatribusikan kepada pemilik                                                            Profit attributable to the owners
      entitas induk                                         525.621)           661.732                                    of the Company
   Jumlah saham beredar/ditempatkan rata-rata                                                                     Weighted average of total
      tertimbang                                      4.364.805.340)     4.343.173.810)                         outstanding/issued shares
   Laba per saham dasar (dalam Rupiah penuh)                     120)               152)        Basic earnings per share (in whole Rupiah)
   Laba yang dapat diatribusikan kepada pemilik                                                             Profit attributable to the owners
       entitas induk                                        525.621)           661.732                                     of the Company
   Laba dari operasi yang dihentikan                                                                    Profit from discontinued operations
       yang dapat diatribusikan kepada pemilik                                                                           attributable to the
       entitas induk (Catatan 31)                             (1.909)           (92.923)                owners of the Company (Note 31)
   Laba dari operasi yang dilanjutkan yang dapat                                                          Profit from continuing operations
       diatribusikan kepada pemilik entitas induk           523.712             568.809        attributable to the owners of the Company
   Jumlah saham beredar/ditempatkan rata-                                                                          Weighted average of total
       rata tertimbang                                4.364.805.340)     4.343.173.810)                          outstanding/issued shares
   Laba per saham dari operasi yang                                                               Basic earnings per share from continuing
       dilanjutkan (dalam Rupiah penuh)                          120                131                      operations (in whole Rupiah)
   Laba dari operasi yang dihentikan yang dapat                                                         Profit from discontinued operations
       diatribusikan kepada pemilik entitas induk              1.909             92.923       attributable to the owners of the Company
   Jumlah saham beredar/ditempatkan rata-                                                                          Weighted average of total
      rata tertimbang                                 4.364.805.340      4.343.173.810                           outstanding/issued shares
   Laba per saham dari operasi yang                                                            Basic earnings per share from discontinued
      dihentikan (dalam Rupiah penuh)                              -                 21                      operations (in whole Rupiah)
   Struktur modal Grup hanya terdiri dari saham biasa. Tidak terdapat   The Group's capital structure consists of only common stocks. There
   pengaturan yang dapat mendilusi laba per saham.                      is no arrangement that can dilute the earnings per shares.

29. KOMPONEN EKUITAS LAINNYA                                                               29. OTHER EQUITY COMPONENTS
                                                         2023                 2022
  Lindung nilai atas arus kas                               (24.180)            (23.283)                                 Cash flow hedges
  Akuisisi kepentingan nonpengendali tanpa                                                          Acquisition of non-controlling interests
    perubahan kepentingan                                     9.323)                9.323)                    without a change in control
  Akuisisi bagian kepemilikan nonpengendali                                                         Acquisition of non-controlling interests
    pada entitas anak                                      (451.418)            (428.490)                             share in subsidiary
  Opsi jual atas bagian kepemilikan nonpengendali                                                   Put option on non-controlling interests
    pada entitas anak (Catatan 20)                           (8.272)             (18.532)                   share in subsidiary (Note 20)
  Kompensasi berbasis saham (Catatan 19)                     10.952)              13.407)            Shared-based compensation (Note 19)
  Diukur pada nilai wajar melalui penghasilan                                                         Measured at fair value through other
    komprehensif lain                                         (1.027)                 (13)                         comprehensive income
                                                                                               Difference in value arising from disposal of
  Selisih transaksi dengan entitas sepengendalian                                              discontinued operations to an entity under
    atas pelepasan operasi yang dihentikan                   12.966)              12.966)                                common control
  Lainnya                                                    (1.167)                (665)                                             Other
                                                           (452.823)            (435.287)
  Lindung Nilai atas Arus Kas                                           Cash Flows Hedges
  PT JACCS Mitra Pinasthika Mustika Finance Indonesia                   PT JACCS Mitra Pinasthika Mustika Finance Indonesia
  (“JMFI”) melakukan kontrak cross currency interest rate swap,         (“JMFI”) entered into cross-currency interest rate swap,
  foreign currency option dan interest rate swap dengan tujuan          foreign currency option and interest rate swap contracts to
  lindung nilai atas risiko fluktuasi arus kas yang ditimbulkan         hedge the risk of fluctuations in cash flows arising from
  oleh kurs mata uang dan tingkat suku bunga atas pinjaman              exchange rates and interest rates on borrowings
  yang diterima dalam denominasi mata uang asing.                       denominated in foreign currency.
  Perubahan atas nilai wajar dari kontrak cross-currency interest       Changes in the fair values of the cross-currency interest rate
  rate swap, foreign currency option dan interest rate swap yang        swap, foreign currency option and interest rate swap
  ditetapkan sebagai instrumen lindung nilai, yang secara efektif       contracts designated as hedging instruments that effectively
  menghapus variabilitas arus kas dari pinjaman terkait dicatat         offset the variability of cash flows associated with the
  di penghasilan komprehensif lain.                                     borrowings are recorded in other comprehensive income.




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              PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                               CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                          UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022 (Lanjutan)/
                                NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                              FOR YEARS ENDED 31 DECEMBER 2023 AND 2022 (Continued)
                (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

29. KOMPONEN EKUITAS LAINNYA (Lanjutan)                                29. OTHER EQUITY COMPONENTS (Continued)
   Lindung Nilai atas Arus Kas (Lanjutan)                             Cash Flows Hedges (Continued)
  Pada 31 Desember 2023 dan 2022, (kerugian) keuntungan                In 31 December 2023 and 2022, net (loss) profit JMFI after
  bersih JMFI setelah pajak adalah masing-masing sebesar               tax were (Rp 2,242) and Rp 57,702, respectively, which
  (Rp 2.242) dan Rp 57.702, yang merupakan bagian efektif dari         represents the effective portion of cash flow hedges were
  lindung nilai arus kas diakui pada penghasilan komprehensif          recognized in other comprehensive income.
  lain.
   Kepemilikan Grup pada JMFI sebesar 40%, sehingga bagian             Group's ownership in JMFI is 40%, therefore Group’s
   (kerugian) keuntungan bersih yang timbul dari entitas asosiasi      share of net (loss) profit arising from associates on hedging
   atas instrumen lindung nilai adalah masing-masing sebesar           instruments amounted to (Rp 897) and Rp 23,080 in 2023
   (Rp 897) dan Rp 23.080 di tahun 2023 dan 2022.                      and 2022, respectively.
  Akuisisi Bagian Kepemilikan Nonpengendali pada Entitas               Acquisition    of    Non-controlling     Interests   Share   in
  Anak                                                                 Subsidiary
   Berdasarkan Surat Keputusan Edaran Pemegang Saham                   Based on The Circular of Shareholder as a substitute of the
   sebagai pengganti atas Rapat Umum Pemegang Saham                    General Shareholders Meeting of PT Asuransi Mitra
   PT Asuransi Mitra Pelindung Mustika (“AMPM”) pada                   Pelindung Mustika (“AMPM”) on 10 June 2020, the
   tanggal 10 Juni 2020, Pemegang Saham menyetujui untuk               Shareholders approved to sell part of their shares to the
   menjual sebagian dari sahamnya kepada Perseroan dengan              Company with total 34,238 shares. After this transactions,
   jumlah 34.238 lembar saham. Setelah transaksi ini, jumlah           total Company’s shares in AMPM become 96,800 shares
   saham Perseroan di AMPM menjadi 96.800 lembar saham                 which represents 88% from the issued and paid capital to
   yang mewakili 88% dari modal ditempatkan dan disetor pada           AMPM.
   AMPM.
   Mempertimbangkan peluang atas tren pertumbuhan                      Considering the opportunity of general insurance premium
   pendapatan premi asuransi umum cenderung meningkat di               revenue growth trends tend to increase in the coming years,
   tahun mendatang, Perseroan memutuskan untuk membeli                 the Company decided to purchase the shares ownership of
   kepemilikan saham AMPM dari pemegang saham lainnya                  AMPM from the other shareholders with the total
   dengan nilai transaksi sebesar Rp 413.406.                          transaction value of Rp 413,406.

30. INFORMASI MENGENAI PIHAK BERELASI                                                30. RELATED PARTY INFORMATION

   Pihak-pihak berelasi dan sifat hubungannya adalah               The related parties and the nature of relationships are as
   sebagai berikut:                                                follows:
   Sifat hubungan                                   Pihak berelasi/Related parties                      Nature of relationship
   Pemegang saham                                   PT Saratoga Investama Sedaya Tbk                              Shareholder
   Personil manajemen inti                          Komisaris dan direksi/                         Key management personnel
                                                    Commissioners and directors
   Kompensasi personil manajemen kunci                            Key management compensation
   Yang termasuk personil manajemen inti adalah                   Key management personnel includes commissioners and
   komisaris dan direksi dari Perseroan dan entitas anak          directors of the Company and subsidiaries in the form of
   berupa gaji dan tunjangan. Kompensasi yang dibayarkan          salaries and other benefits. Compensation paid or payable to
   atau terutang kepada personil manajemen inti adalah            key management personnel are as follows:
   sebagai berikut:
                                              Jumlah/                 Persentase dari total beban/
                                              Amount                  Percentage of total expenses
                                       2023             2022            2023               2022
   Kompensasi manajemen kunci             62.337          44.799           6,97%                  5,77%   Key management compensation




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                PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                  PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                               CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                          UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022 (Lanjutan)/
                                NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                              FOR YEARS ENDED 31 DECEMBER 2023 AND 2022 (Continued)
                (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)


31. OPERASI YANG DIHENTIKAN                                                            31. DISCONTINUED OPERATIONS
   a. PT Mitra Pinasthika Mustika Rent (“MPMR”)                           a. PT Mitra Pinasthika Mustika Rent (“MPMR”)
     Di Mei 2022, Perseroran menjual 49,9997% kepemilikan                    In May 2022, the Company sold its 49.9997% share
     sahamnya atas MPMR ke Trusty Cars Pte. Ltd. dengan                      ownership in MPMR to Trusty Cars Pte. Ltd. for a
     harga Rp 783.785 dan setelahnya melepaskan pengendalian                 consideration of Rp 783,785 and afterwards
     dan berhenti mengkonsolidasi laporan keuangannya, atas                  relinguished control and ceased from consolidating
     dasar pemegang saham baru memiliki kemampuan untuk                      its financial statements, on the basis that new
     mengarahkan aktivitas relevan MPMR.                                     shareholder have power to direct the MPMR’s
                                                                             relevant activities.
     Penjualan sebagian saham tersebut didasarkan dalam rangka               The partial share sale is based on the intention to
     menciptakan sinergi dan potensi pertumbuhan yang kuat                   create synergy and strong growth potential to win
     untuk memenangkan pasar penyewaan kendaraan dan                         over the vehicle rental market and used vehicles sales
     penjualan kendaraan bekas di Indonesia melalui jalur lelang             in Indonesia through auction and retails, whether
     dan ritel, baik online maupun offline agar Perseroran dapat             that be online or offline to further enhance the
     tumbuh dan terus memberikan nilai tambah bagi pemangku                  Company’s growth and to continue adding value for
     kepentingan. Setelah selesainya penjualan, Grup                         the stakeholders. Upon completion of the sale, the
     berkomitmen untuk mendukung MPMR dengan                                 Group commits to supporting MPMR by providing
     memberikan akses ke jaringan dan saluran bisnis Grup.                   access to the Group’s various networks and business
                                                                             channels.
   b. Lainnya                                                             b. Others
     Pada tahun 2022, manajemen memutuskan untuk                             In 2022, management has decided to discontinue the
     menghentikan kegiatan komersial PT Armada Maha Karya                    commercial activities of PT Armada Maha Karya
     “AMK”, efektif pada tanggal 31 Agustus 2022.                            “AMK”, effective on 31 August 2022.

     Kemudian, berdasarkan Surat Keputusan Edaran Pemegang                   Subsequently, based on The Circular of Shareholder
     Saham sebagai pengganti atas Rapat Umum Pemegang                        as a substitute of the General Shareholders Meeting
     Saham AMK dengan akta notaris Darmawan Tjoa, SH., SE.,                  of AMK in the deed of notary public Darmawan Tjoa,
     No. 24 tanggal 13 Februari 2024, para pemegang saham                    SH., SE., No. 24 dated 13 February 2024, the
     memberikan persetujuan untuk pembubaran dan likuidasi                   shareholders gave approval for dissolution and
     AMK.                                                                    liquidation of AMK.
     Pada tahun 2020, manajemen memutuskan untuk                              In 2020, management has decided to discontinue the
     menghentikan kegiatan komersial PT Putra Mustika Prima                   commercial activities of PT Putra Mustika Prima
     “PMP”, efektif pada tanggal 31 Desember 2020.                            “PMP”, effective on 31 December 2020.

     Kemudian, berdasarkan Surat Keputusan Edaran Pemegang                    Subsequently, based on The Circular of Shareholder
     Saham sebagai pengganti atas Rapat Umum Pemegang                         as a substitute of the General Shareholders Meeting
     Saham PMP dengan akta notaris Darmawan Tjoa, SH., SE.,                   of PMP in the deed of notary public Darmawan Tjoa,
     No. 103 tanggal 27 Februari 2024, para pemegang saham                    SH., SE., No. 103 dated 27 February 2024, the
     memberikan persetujuan untuk pembubaran dan likuidasi                    shareholders gave approval for dissolution and
     PMP.                                                                     liquidation of PMP.




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                    PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                      PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                     CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                                UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022 (Lanjutan)/
                                      NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                    FOR YEARS ENDED 31 DECEMBER 2023 AND 2022 (Continued)
                      (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

31. OPERASI YANG DIHENTIKAN (Lanjutan)                                                      31. DISCONTINUED OPERATIONS (Continued)
   c.     Hasil usaha operasi yang dihentikan                                                  c. Results of discontinued operations
                                                               Untuk periode lima bulan
                                                                 berakhir 31 Mei 2022/
                                                               For the five-month periods
                                                                  ended 31 May 2022                          2022
                                                                                                 Lainnya/             Jumlah/
                                             1)
                                         2023                           MPMR                      Other1)              Total

          Pendapatan neto                           -)                           497.279                 1.637          498.916                                     Net revenues
          Beban pokok pendapatan                    -)                          (356.608)                 (253)        (356.861)                                Cost of revenues
          Laba bruto                                -)                           140.671                 1.384          142.055                                      Gross profit
          Beban usaha                            (754)                           (54.217)              (10.351)         (64.568)                              Operating expenses
          Pendapatan lainnya                    1.888)                             4.461                 4.202            8.663                                    Other income
          Pendapatan keuangan                     775 )                              888                   928            1.816)                                 Finance income
          Biaya keuangan                            -)                           (37.917)                    -          (37.917)                                   Finance costs
          Beban lainnya                             -)                               (43)                    -)             (43)                                 Other expenses
          Hasil aktivitas usaha                 1.909)                            53.843               ((3.837)             50.006            Results from operating activities
          Beban pajak penghasilan                   -)                           (13.228)                   (9))           (13.237)                         Income tax expense
          Hasil aktivitas usaha,                                                                                                        Results from operating activities, net
           setelah pajak                        1.909)                            40.615                (3.846)            36.769                                      of tax
          Keuntungan penjualan                                                                                                                     Net profit from discontinued
           operasi yang dihentikan                  -)                            56.154                     -)            56.154)                                 operation
          Laba (rugi) dari operasi
          yang dihentikan yang                                                                                                             Net profit (loss) from discontinued
          dapat diatribusikan ke                                                                                                              operation attributable to the
          pemilik entitas induk                 1.909)                            96.769                (3.846)            92.923)                 owners of the Company


  d.      Arus kas dari (digunakan untuk) operasi yang                                           d. Cash flows from (used in) discontinued operations:
          dihentikan:
                                                                       Untuk periode lima bulan
                                                                         berakhir 31 Mei 2022/
                                                                       For the five-month periods
                                                                          ended 31 May 2022                            2022
                                                                                                           Lainnya/              Jumlah/
                                           20231)                               MPMR                        Other1)               Total

          Kas neto:                                                                                                                                                      Net cash:
           Dari aktivitas operasi                    1.212)                                 39.577                  232               39.809)         From operating activities
           Dari (digunakan untuk)                                                                                                                      From (used in) investing
             aktivitas investasi                          -)                                (41.342)               1.634              (39.708)                      activities
           Digunakan untuk                                                                                                                                   Used in financing
             aktivitas pendanaan                          -)                                  (981)           (15.000)               (15.981)                       activities
          Arus kas neto tahun                                                                                                                                   Net cash flows for
           berjalan                                  1.212)                                  (2.746)          (13.134)               (15.880)                         the year




   1)                                                                                                                                            1)
        PMP, MPM AUTO dan AMK                                                                                                                         PMP, MPM AUTO and AMK




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              PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                               CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                          UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022 (Lanjutan)/
                                NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                              FOR YEARS ENDED 31 DECEMBER 2023 AND 2022 (Continued)
                (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)


31. OPERASI YANG DIHENTIKAN (Lanjutan)                                  31. DISCONTINUED OPERATIONS (Continued)

  e. Dampak pelepasan MPMR atas laporan posisi keuangan                    e.   Effect of disposal of MPMR on the consolidated
     konsolidasian Grup                                                         financial position of the Group
                                                               Tanggal/ As of
                                                              31 Mei/May 2022

     Kas dan setara kas                                                    93.160                          Cash and cash equivalents
     Piutang usaha                                                        147.513                                   Trade receivables
     Piutang nonusaha                                                       2.688                              Non-trade receivables
     Persediaan                                                            20.061                                         Inventories
     Pajak dibayar di muka                                                  2.144                                       Prepaid taxes
     Pembayaran di muka lainnya                                             4.426                                 Other prepayments
     Investasi pada entitas asosiasi                                            1                             Investment in associate
     Pajak penghasilan yang dapat dikembalikan                             26.385                              Refundable income tax
     Aset tetap, neto                                                   2.088.962                                    Fixed assets, net
     Aset hak-guna, neto                                                   11.272                             Right-of-use assets, net
     Goodwill                                                             335.911                                           Goodwill
     Aset tidak lancar lainnya                                             11.238                           Other non-current assets
     Utang bank                                                           (83.248)                                         Bank Loan
     Utang usaha                                                          (25.074)                                    Trade payables
     Utang pajak penghasilan                                              (12.942)                               Income tax payables
     Utang pajak lainnya                                                     (981)                                 Other tax payables
     Utang lainnya                                                         (3.916)                                    Other payables
     Pendapatan yang ditangguhkan                                         (32.414)                                 Unearned revenue
     Beban akrual                                                        (985.973)                                  Accrued expenses
     Utang kepada pihak berelasi                                         (488.525)                            Loan to related parties
     Liabilitas sewa                                                       (2.027)                                    Lease liabilities
     Liabilitas derivatif                                                    (462)                               Derivative liabilities
     Liabilitas pajak tangguhan                                            (7.083)                             Deferred tax liabilities
     Liabilitas imbalan kerja                                                (524)                        Employee benefits liabilities
     Aset neto                                                          1.100.592)                                          Net assets
     Penyesuaian aset neto ketika akuisisi MPMR:                                       Adjustment to net assets when acquired MPMR:
      Goodwill                                                            385.948)                                        Goodwill
      Lainnya                                                              24.876)                                          Others
                                                                        1.511.416)
     Investasi yang dipertahankan atas MPMR (50%)                        (783.785)                 Retain investment at MPMR (50%)
     Imbalan yang diterimai tunai                                        (783.785)            Consideration received, satisfied in cash
     Keuntungan penjualan operasi yang dihentikan                         (56.154)            Gain on sale of discontinued operations
     Imbalan yang diterima tunai                                          783.785)            Consideration received, satisfied in cash
     Kas dan setara kas yang dilepas                                      (93.160)             Cash and cash equivalents disposed of
     Kas masuk neto                                                       690.625)                                   Net cash inflows




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                 PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                   PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                  CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                             UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022 (Lanjutan)/
                                   NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                 FOR YEARS ENDED 31 DECEMBER 2023 AND 2022 (Continued)
                   (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

32. INSTRUMEN KEUANGAN DAN                                                                          32. FINANCIAL INSTRUMENTS AND
    MANAJEMEN RISIKO KEUANGAN                                                                         FINANCIAL RISK MANAGEMENT

  Instrumen keuangan                                                                Financial instruments
  a. Instrumen keuangan diukur pada nilai wajar                                     a. Financial instruments measured at fair value

    Tabel di bawah menyajikan level hirarki nilai wajar atas aset dan                  The following table presents the fair value hierarchy of financial
    liabilitas keuangan yang diukur pada nilai wajar.                                  assets and liabilities that were measured at fair value.

                                                      Nilai tercatat/ Carrying amount                                  Nilai wajar/ Fair value
                                               Nilai wajar melalui
                                                   penghasilan
                                               komprehensif lain –
                                                investasi ekuitas/         Nilai wajar melalui
                                             Fair value through other           laba rugi/
                                             comprehensive income –        Fair value through
                      2023                      equity investment             profit or loss             Level 1             Level 2             Level 3
    Aset keuangan/Financial assets
    Reksadana/Mutual fund                                    119.023                        -                      -             119.023                    -
    Investasi dana/Investment in fund                              -                  205.657                      -             205.657                    -
    Investasi – efek ekuitas/ Investment –
        equity securities                                       1.843                 431.772                67.311                     -             366.304
                      2022
    Aset keuangan/Financial assets
    Reksadana/Mutual fund                                    114.809                        -                      -             114.809                    -
    Investasi dana/Investment in fund                               -                 196.856                      -             196.856                    -
    Investasi – efek ekuitas/ Investment –
        equity securities                                       1.843                 412.710                48.249                     -             366.304
    Tabel di bawah ini menunjukkan teknik penilaian yang                                The following tables show the valuation techniques used in
    digunakan dalam mengukur nilai wajar level 2 dan level 3,                           measuring level 2 and level 3 fair values, as well as any
    termasuk input tidak terobservasi signifikan yang digunakan                         significant unobservable inputs used.
    dalam penilaian, jika ada.

                                                                                                                              Keterkaitan antara input tidak
                                                                                                                              terobservasi yang signifikan
                                                                                                                                 dengan pengukuran nilai
                                                                                                       Input tidak               wajar/Inter-relationship
                                                                                                   terobservasi yang                between significant
                                                                                                 signifikan/Significant       unobservable inputs and fair
           Jenis/Type                       Teknik penilaian/Valuation technique                  unobservable inputs               value measurement
   Reksadana/ Mutual funds           Nilai wajarnya diukur berdasarkan nilai aset neto            Premium ditetapkan           Premium merupakan bagian
   Investasi dana/                     dikalikan jumlah unit yang dimiliki. Nilai aset             berdasarkan hasil            tak terpisahkan dari bunga
   Investment in fund                   neto diperoleh dengan membagi nilai tercatat             analisa risiko bawaan             pinjaman yang tingkat
                                     seluruh investasi dalam portofolio dengan jumlah            dari perusahaan yang             pengembaliannya akan
                                      unit di portofolio tersebut. Nilai tercatat seluruh         diberikan pinjaman/             berdampak langsung ke
                                     investasi dalam portofolio termasuk dana setoran               The premium is                  pengembangan nilai
                                    awal dan imbal hasil setelahnya. Manajer investasi           determined based on               portofolio, yang mana
                                        mengembangkan portofolio tersebut dengan,                  the analysis of the         dijadikan dasar perhitungan
                                       antara lain, menyalurkan dana tersebut sebagai            inherent risk of those                nilai aset neto/
                                        pinjaman ke perusahaan tertutup dengan suku               companies that are           The premium is an integral
                                           bunga penghasilan tetap minimal 4,5%/                 provided borrowings.         part of interest of borrowings
                                     The fair value is measured based on its net-asset-                                        that its returns immediately
                                       value multiplied by the number of units owned.                                             affect the growth of the
                                         Net-asset-value is obtained by dividing the                                           portfolio, in which becomes
                                        carrying amounts of all investments within a                                          the basis to compute the net-
                                     portfolio with the corresponding number of units.                                                  asset-value.
                                    The carrying amounts of all investments within the
                                      portfolio include the initial fund placements and
                                      its subsequent returns. The investment manager
                                    develops the portfolio by, among others, funneling
                                      the funds as loans to private companies bearing
                                            interest with a minimum 4.5% return.




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                 PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                   PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                 CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                            UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022 (Lanjutan)/
                                  NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                FOR YEARS ENDED 31 DECEMBER 2023 AND 2022 (Continued)
                  (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

32. INSTRUMEN KEUANGAN DAN                                                           32. FINANCIAL INSTRUMENTS AND
    MANAJEMEN RISIKO KEUANGAN (Lanjutan)                                        FINANCIAL RISK MANAGEMENT (Continued)
   Instrumen keuangan (Lanjutan)                                              Financial instruments (Continued)
   a. Instrumen keuangan yang diukur pada nilai wajar                         a. Financial instruments measured               at    fair    values
       (Lanjutan)                                                                (Continued)
                                                                                                                   Keterkaitan antara input tidak
                                                                                                                    terobservasi yang signifikan
                                                                                                                      dengan pengukuran nilai
                                                                                                Input tidak            wajar/Inter-relationship
                                                                                            terobservasi yang            between significant
                                                                                          signifikan/Significant    unobservable inputs and fair
           Jenis/Type                   Teknik penilaian/Valuation technique               unobservable inputs           value measurement
   Investasi di efek                  Nilai wajarnya diukur berdasarkan teknik               Nilai pasar yang         Estimasi nilai wajar akan
   sekuritas/ Investment in      perbandingan pasar. Model penilaian didasarkan                disesuaikan/          meningkat (turun) jika nilai
   equity securities                pada kelipatan pasar yang berasal dari harga          Adjusted market value     pasar yang disesuaikan lebih
                                     kuotasi perusahaan yang sebanding dengan                                           tinggi (lebih rendah)/
                                  investasi yang disesuaikan dengan efek ekuitas,                                  The estimated fair value would
                                     pendapatan dan earning before income tax,                                        increase (decrease) if the
                                interest, depreciation and amortization (EBITDA)                                     adjusted market value were
                                   dari investasi pada akhir hari penutupan bursa/                                         higher (lower).
                                    The fair value is measured based on market
                                   comparison technique. The valuation model is
                                  based on market multiples derived from quoted
                                  prices of companies comparable to the investee
                                that adjusted for the effect of the equity securities,
                                     the revenue and earning before income tax,
                                interest, depreciation and amortization (EBITDA)
                                 of the investee at the end of the closing day of the
                                                      exchange.

   b. Instrumen keuangan yang tidak disajikan pada nilai wajar                b. Financial instruments not stated at their fair value

     Tabel di bawah ini menggambarkan nilai tercatat dan                         The table below summarises the carrying amounts and
     nilai wajar dari instrumen keuangan yang tidak disajikan                    fair values of those financial instruments not stated at
     pada nilai wajarnya:                                                        their fair values:
                                       31 Desember/December 2023                   31 Desember/December 2022
                                   Nilai tercatat/      Nilai wajar/            Nilai tercatat /    Nilai wajar/
                                   Carrying value       Fair value              Carrying value      Fair value

     Aset keuangan                                                                                                                 Financial assets
     Kas dan setara kas                    1.712.089              1.712.089              1.998.974         1.998.974     Cash and cash equivalents
     Piutang usaha                           240.350                238.002                224.618           219.995             Trade receivables
     Piutang premi                           187.360                187.360                112.892           112.892          Premium receivables
     Piutang nonusaha                         57.944                 57.944                 35.764            35.764         Non-trade receivables
     Piutang pinjaman                              -                      -                188.525           181.986              Loan receivables
     Investasi di efek utang                 403.653                397.619                376.076           378.004   Investment in debt securities
     Deposit jaminan                         984.896                924.473                946.485           945.846           Guarantee deposits

     Liabilitas keuangan                                                                                                       Financial liabilities
     Utang bank jangka pendek                 7.428                  7.428                  7.248             7.248          Short-term bank loans
     Utang usaha                            675.429                675.429                941.431           941.431                 Trade payables
     Utang reasuransi                       116.023                116.023                 49.229            49.229          Reinsurance payables
     Utang lainnya                           67.465                 67.465                 48.693            48.693                 Other payables
     Beban akrual                           137.508                137.508                120.628           120.628              Accrued expenses
     Liabilitas sewa                          8.294                  8.294                  7.283             7.283                Lease liabilities


     Nilai wajar dari investasi di efek utang yang memiliki                       The fair value for investment in debt securities, which
     jatuh tempo lebih dari 1 tahun diestimasi menggunakan                        maturity date is more than 1 year, are estimated using the
     nilai kuotasi pasar terakhir (level 2 - hirarki nilai wajar).                last quoted market price (level 2 - fair value hierarchy).




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              PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                              CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                         UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022 (Lanjutan)/
                               NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                             FOR YEARS ENDED 31 DECEMBER 2023 AND 2022 (Continued)
               (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

32. INSTRUMEN KEUANGAN DAN                                                  32. FINANCIAL INSTRUMENTS AND
    MANAJEMEN RISIKO KEUANGAN (Lanjutan)                               FINANCIAL RISK MANAGEMENT (Continued)
   Instrumen keuangan (Lanjutan)                                    Financial instruments (Continued)
   b. Instrumen keuangan yang tidak disajikan pada nilai            b. Financial instruments not stated at their fair value
      wajar (Lanjutan).                                                (Continued).
     Estimasi nilai wajar dari piutang usaha dan deposit                The estimated fair value of trade receivables and
     jaminan mencerminkan jumlah diskonto dari estimasi                 guarantee deposits represent the discounted amount of
     kini dari arus kas masa depan yang diharapkan akan                 estimated future cash flows expected to be received.
     diterima. Arus kas masa depan yang diharapkan                      Estimated cash flows are discounted at current market
     didiskontokan pada tingkat suku bunga pasar terkini                rates to determine fair value (level 3 - fair value
     untuk menentukan nilai wajar (level 3 - hirarki nilai              hierarchy).
     wajar).
     Nilai wajar dari pinjaman jangka panjang dinilai dengan            The fair value of long-term borrowings is estimated by
     menggunakan diskonto arus kas berdasarkan tingkat                  using discounted cash flows applying the effective
     suku bunga efektif yang dikenakan pada pinjaman                    interest rate charged by the lender for the last utilization
     terakhir yang digunakan (level 2 - hirarki nilai wajar).           of borrowings (level 2 - fair value hierarchy).
     Nilai tercatat aset keuangan dan liabilitas keuangan               The carrying amount of remaining financial assets and
     lainnya mendekati nilai wajarnya karena instrumen                  financial liabilities are reasonable approximation of fair
     keuangan bersifat jangka pendek atau yang ditinjau                 value because they are short term in nature or re-price to
     ulang menggunakan harga pasar secara berkala.                      current market rates frequently.
     Perhitungan nilai wajar dilakukan hanya untuk                      The fair values calculated are for disclosure purposes
     kepentingan pengungkapan dan tidak berdampak pada                  only and do not have any impact on the Group’s reported
     pelaporan posisi atau kinerja keuangan Grup. Nilai wajar           financial performance or position. The fair values
     yang dihitung oleh Perseroan mungkin berbeda dengan                calculated by the Company may be different from the
     jumlah aktual yang akan diterima/dibayar pada saat                 actual amount that will be received/paid on the settlement
     penyelesaian atau jatuh tempo instrumen keuangan.                  or maturity of the financial instrument. As certain
     Mengingat kategori tertentu instrumen keuangan yang                categories of financial instruments are not traded, there
     tidak diperdagangkan, maka terdapat pertimbangan                   is management judgment involved in calculating the fair
     manajemen dalam perhitungan nilai wajar.                           values.
   Manajemen risiko keuangan                                         Financial risk management
   Risiko utama yang timbul dari instrumen keuangan Grup             The main risks arising from the financial instruments of the
   adalah risiko kredit, risiko likuiditas dan risiko pasar.         Group are credit risk, liquidity risk and market risk.
   a. Risiko kredit                                                  a. Credit risk
     Risiko kredit adalah risiko kerugian keuangan jika                 Credit risk is risk of financial loss in the event that a
     pelanggan atau rekanan dari instrument keuangan gagal              customer or counterparty to a financial instrument fail to
     memenuhi kewajiban kontraktualnya. Risiko kredit Grup              meet its contractual obligations. The Group’s credit risk
     terutama berasal dari piutang usaha dari pelanggan.                principally arises from trade receivables from customers.
     Nilai tercatat atas aset keuangan mencerminkan eksposur            The carrying amounts of financial assets represent the
     kredit maksimum.                                                   maximum credit exposure.
     Untuk pelanggan yang merupakan sub-dealer dan                      For customers that are sub-dealers and retailers. the
     pengecer. Grup menganjurkan mereka untuk mengikuti                 Group encourages them to join the dealer financing
     program “dealer financing”, yang akan mempercepat                  program, in which this program will expedite the
     pelunasan piutang mereka. Bila mereka memutuskan                   settlements of their receivables. If they decide to not join
     untuk tidak mengikuti program ini, Grup mengharuskan               the program, the Group requires them to place collateral
     mereka untuk menempatkan jaminan berupa simpanan di                in the form of term deposits and/or other types of
     bank dan/atau jaminan lainnya.                                     collateral.




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                PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                  PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                 CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                            UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022 (Lanjutan)/
                                  NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                FOR YEARS ENDED 31 DECEMBER 2023 AND 2022 (Continued)
                  (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

32. INSTRUMEN KEUANGAN DAN                                                           32. FINANCIAL INSTRUMENTS AND
    MANAJEMEN RISIKO KEUANGAN (Lanjutan)                                       FINANCIAL RISK MANAGEMENT (Continued)

   Manajemen risiko keuangan (Lanjutan)                                     Financial risk management (Continued)

   a. Risiko kredit (Lanjutan)                                             a. Credit risk (Continued)
     Konsentrasi risiko kredit dari aset keuangan Grup per                      The concentration of credit risk of the Group’s financial
     31 Desember 2023 dan 2022 berdasarkan segmen operasi                       assets based on operating segment as at
     adalah seperti yang ditunjukkan di bawah ini:                              31 December 2023 and 2022 was as shown below:
                                                         Nilai tercatat/ Carrying amount
                               Distribusi, ritel dan
                                   aftermarket/                               Yang tidak dapat
                              Distribution, retail and   Asuransi/               dialokasi/
                                    aftermarket          Insurance             Unallocated           Jumlah/ Total
     31 Desember 2023                                                                                                      31 December 2023
     Kas di bank dan setara                                                                                            Cash in banks and cash
        kas                                   673.309           225.895                    805.586         1.704.790           equivalents
     Piutang usaha                            178.713            61.637                          -           240.350        Trade receivables
     Piutang premi                                  -           187.360                          -           187.360     Premium receivables
     Piutang nonusaha                          23.102            34.074                        768            57.944    Non-trade receivables
     Investasi di surat
        berharga                                    -           522.676                  205.657             728.333   Investment in securities
     Deposit jaminan                          983.457                 -                    1.439             984.896       Guarantee deposits
                                            1.858.581         1.031.642                1.013.450           3.903.673

                                                         Nilai tercatat/ Carrying amount
                               Distribusi, ritel dan
                                   aftermarket/                               Yang tidak dapat
                              Distribution, retail and   Asuransi/               dialokasi/
                                    aftermarket          Insurance             Unallocated           Jumlah/ Total
     31 Desember 2022                                                                                                      31 December 2022

     Kas di bank dan setara                                                                                            Cash in banks and cash
        kas                                   701.802           248.917                1.042.591           1.993.310           equivalents
     Piutang usaha                            181.524            43.094                        -             224.618        Trade receivables
     Piutang premi                                  -           112.892                        -             112.892     Premium receivables
     Piutang nonusaha                          18.845            15.602                    1.317              35.764    Non-trade receivables
     Piutang pinjaman                               -                 -                  188.525             188.525         Loan reveivables
     Investasi di surat
        berharga                                    -           490.885                  180.995             671.880   Investment in securities
     Deposit jaminan                          944.249                 -                    2.236             946.485       Guarantee deposits
                                            1.846.420           911.390                1.415.664           4.173.474

     Piutang usaha                                                             Trade receivables
     Eksposur kredit Grup dipengaruhi terutama oleh                            The Group’s exposure to credit risk is influenced mainly
     karakteristik individu dari setiap pelanggan. Namun,                      by the individual characteristics of each customer.
     manajemen juga mempertimbangkan faktor-faktor yang                        However, management also considers the factors that
     dapat mempengaruhi risiko kredit basis pelanggannya,                      may influence the credit risk of its customer base,
     termasuk risiko gagal bayar terkait dengan industri dan                   including the default risk associated with the industry and
     area di mana pelanggan tersebut beroperasi.                               area in which customers operate.

     Grup meminimalkan risiko kredit atas piutang usaha                        The Group minimized its exposure to credit risk of trade
     dengan menerapkan kebijakan pemberian kredit                              receivables by applying prudent credit acceptance
     berdasarkan    prinsip    kehati-hatian,    melakukan                     policies, performs ongoing credit portfolio monitoring,
     pengawasan     atas     portofolio    kredit    secara                    and manages receivable collection.
     berkesinambungan, dan melakukan pengelolaan
     penagihan angsuran piutang.




                                                                                                                                            66
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              PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                              CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                         UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022 (Lanjutan)/
                               NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                             FOR YEARS ENDED 31 DECEMBER 2023 AND 2022 (Continued)
               (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

32. INSTRUMEN KEUANGAN DAN                                                            32. FINANCIAL INSTRUMENTS AND
    MANAJEMEN RISIKO KEUANGAN (Lanjutan)                                        FINANCIAL RISK MANAGEMENT (Continued)
  Manajemen risiko keuangan (Lanjutan)                                   Financial risk management (Continued)
  a. Risiko kredit (Lanjutan)                                            a.      Credit risk (Continued)
     Piutang usaha (Lanjutan)                                                    Trade receivables (Continued)
     Sebuah analisa kualitas kredit atas piutang usaha,                          An analysis the credit quality of trade receivables,
     piutang premi dan piutang nonusaha disajikan di bawah                       premium receivables and non-trade receivables are
     ini:                                                                        summarized below:
                                                                Lewat jatuh tempo/ Past Due
                                 Belum jatuh
                               tempo/ Not past   < 3 bulan/     3 – 12 bulan/                        Jumlah /
                                     due          months           months          > 1 tahun/ year     Total
      31 Desember 2023                                                                                                      31 December 2023
      Piutang usaha                   125.822          60.229           19.759             34.540      240.350               Trade receivables
      Piutang premi                   169.526          15.481            2.144                209      187.360            Premium receivables
      Piutang nonusaha                 57.944               -                -                  -       57.944           Non-trade receivables
                                      353.292          75.710           21.903             34.749      485.654

      31 Desember 2022                                                                                                      31 December 2022
      Piutang usaha                   122.393          61.269           23.904             17.052      224.618               Trade receivables
      Piutang premi                    92.809          10.622            8.547                914      112.892            Premium receivables
      Piutang nonusaha                 35.764               -                -                  -       35.764           Non-trade receivables
                                      250.966          71.891           32.451             17.966      373.274

      Dalam menerapkan model penurunan nilai terhadap                           In applying the impairment model to trade receivables,
      piutang usaha, Grup menerapkan pendekatan yang                            the Group adopts the simplified approach that is
      disederhanakan yang berlaku untuk piutang usaha                           available to trade receivables as there is no financing
      karena tidak ada unsur pembiayaan terhadap piutang                        element to trade receivables. The Group calculates the
      usaha. Grup menghitung kerugian kredit ekspektasian                       expected credit losses (ECLs) of its trade receivables
      dari piutang usaha berdasarkan umur dari piutang usaha                    based on the aging of its trade receivables. Loss rates are
      tersebut. Tingkat kerugian dihitung menggunakan                           calculated using a “roll rate” method and “vintage
      metode “roll rate” dan “vintage method” berdasarkan
                                                                                method” based on the probability of a receivable
      probabilitas suatu kelompok piutang melalui tahapan-
      tahapan terjadinya gagal bayar dan penghapusan                            progressing through successive stages of delinquency to
      piutang. Tingkat kerugian didasarkan pada pengalaman                      write-off. Loss rates are based on actual credit loss
      kerugian kredit aktual selama dua tahun terakhir.                         experience over the past two years. These rates are
      Tingkat kerugian ini disesuaikan dengan faktor skalor                     adjusted by scalar factors to reflect differences between
      yang merefleksikan perbedaan antara kondisi ekonomi                       economic conditions during the period over which the
      selama periode di mana data historis didapatkan, kondisi                  historical data has been collected, current conditions and
      terkini dan pandangan Grup terhadap kondisi ekonomi                       the Group’s view of economic conditions over the
      selama masa ekspektasian dari umur piutang.                               expected lives of the receivables.
     Kas di bank dan setara kas dan deposit jaminan                             Cash in bank and cash equivalents and guarantee
                                                                                deposits
      Kas di bank dan setara kas dan deposit jaminan                            The Group’s cash in banks and cash equivalents and
      keagenan Grup ditempatkan di beberapa bank yang                           dealership guarantee deposits are deposited at reputable
      memiliki reputasi yang baik, yang tunduk terhadap                         banks that are subject to tight regulations, therefore, the
      peraturan yang ketat sehingga kemungkinan kerugian                        exposure to loss is minimized.
      yang terjadi dapat diminimalkan.
   b. Risiko likuiditas                                                   b. Liquidity risk
      Risiko likuiditas merupakan risiko di mana Grup akan                      Liquidity risk is the risk that the Group will encounter
      menghadapi kesulitan dalam memenuhi kewajibannya                          difficulty in meeting the obligations associated with its
      sehubungan dengan liabilitas keuangan yang                                financial liabilities that are settled by delivering cash or
      diselesaikan dengan penyerahan kas atau aset keuangan                     another financial asset.
      yang lain.
      Untuk    mengurangi     risiko     likuiditas, Grup                       To mitigate the liquidity risk, the Group diversifies
      mendiversifikasi sumber dana. Selain dari modal dan                       funding resources. Besides capital and customer’s
      penerimaan angsuran pelanggan, Grup memperoleh                            installment collection, the Group generates funding
      sumber dana dari pinjaman dari pihak ketiga.                              resources from third party borrowings.



                                                                                                                                           67
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             PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
               PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                             CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                        UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022 (Lanjutan)/
                              NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                            FOR YEARS ENDED 31 DECEMBER 2023 AND 2022 (Continued)
              (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

32. INSTRUMEN KEUANGAN DAN                                                    32. FINANCIAL INSTRUMENTS AND
    MANAJEMEN RISIKO KEUANGAN (Lanjutan)                                FINANCIAL RISK MANAGEMENT (Continued)
   Manajemen risiko keuangan (Lanjutan)                              Financial risk management (Continued)
   b. Risiko likuiditas (Lanjutan)                                   b. Liquidity risk (Continued)
      Grup mengelola risiko ini dengan memadankan jatuh                 The Group manages this risk by matching the maturity
      tempo aset dengan liabilitas, sehingga kas yang                   of assets and liabilities, so that the cash generated from
      dihasilkan dari aset yang jatuh tempo cukup untuk                 matured assets is sufficient to cover liabilities maturing
      membayar liabilitas yang jatuh tempo pada periode                 in the same period. In addition, liquidity risk is managed
      yang sama. Selain itu, risiko likuiditas dikelola secara          on an ongoing basis through supervising the actual cash
      berkesinambungan melalui pengawasan arus kas                      flows, estimating future cash flows, controlling the
      aktual, estimasi arus kas masa depan, pengendalian                maturity profile of assets and liabilities, as well as
                                                                        maintaining sufficient cash balance and bank facilities.
      profil jatuh tempo aset dan liabilitas, serta
      pemeliharaan kecukupan saldo kas dan fasilitas
      perbankan.
      Berikut adalah jatuh tempo kontraktual dari liabilitas                 The following are the contractual maturities of financial
      keuangan, termasuk estimasi pembayaran bunga:                          liabilities, including estimated interest payments:
                                Nilai         Arus kas       Kurang dari                       Lebih dari
                              tercatat/     kontraktual/      1-3 bulan/         > 3 – 12       1 tahun/
                              Carrying      Contractual     Less than 1-3         bulan/       More than
                              amount         cash flows        months            months          1 year
      31 Desember 2023                                                                                              31 December 2023
      Liabilitas non-                                                                                                  Non-derivative
         derivatif                                                                                                         liabilities
      Utang bank jangka
         pendek                   (7.428)         (7.428)          (7.428)              -)               -)      Short-term bank loans
      Utang usaha               (675.429)       (675.429)        (673.515)         (1.914)               -)             Trade payables
      Utang reasuransi          (116.023)       (116.023)        (116.023)              -)               -)      Reinsurance payables
      Utang lainnya              (67.465)        (67.465)         (66.116)         (1.349)               -)             Other payables
      Beban akrual              (137.508)       (137.508)        (137.335)           (173)               -)          Accrued expenses
      Liabilitas sewa             (8.294)         (8.792)          (2.027)         (4.494)          (2.271)            Lease liabilities
                              (1.012.147)     (1.012.645)      (1.002.444)         (7.930)          (2.271)


                                Nilai         Arus kas      Kurang dari                        Lebih dari
                              tercatat/     kontraktual/     1-3 bulan/         > 3 – 12        1 tahun/
                              Carrying      Contractual     Less than 1-         bulan/        More than
                               amount        cash flows      3 months           months           1 year
      31 Desember 2022                                                                                              31 December 2022
      Liabilitas non-                                                                                                  Non-derivative
         derivatif                                                                                                         liabilities
      Utang bank jangka
         pendek                   (7.248)         (7.248)       (7.248)                 -)               -)      Short-term bank loans
      Utang usaha               (941.431)       (941.431)     (940.938)              (493)               -)             Trade payables
      Utang reasuransi           (49.229)        (49.229)      (49.229)                 -)               -)      Reinsurance payables
      Utang lainnya              (48.693)        (48.693)      (47.544)            (1.149)               --             Other payables
      Beban akrual              (120.628)       (120.628)     (119.746)              (882)               -)          Accrued expenses
      Liabilitas sewa             (7.283)        (16.580)       (1.826)            (5.237)          (9.517)            Lease liabilities
                              (1.174.512)     (1.183.809)   (1.166.531)            (7.761)          (9.517)




                                                                                                                                     68
Page 261
             PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
               PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                             CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                        UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022 (Lanjutan)/
                              NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                            FOR YEARS ENDED 31 DECEMBER 2023 AND 2022 (Continued)
              (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

32. INSTRUMEN KEUANGAN DAN                                                    32. FINANCIAL INSTRUMENTS AND
    MANAJEMEN RISIKO KEUANGAN (Lanjutan)                                FINANCIAL RISK MANAGEMENT (Continued)
   Manajemen risiko keuangan (Lanjutan)                              Financial risk management (Continued)
   c. Risiko pasar                                                   c. Market risk
      i. Risiko suku bunga                                              i.   Interest rate risk
         Grup memiliki aset dan liabilitas keuangan                          The Group has both variable-rate and fixed-rate
         berbunga dengan tingkat suku bunga variabel dan                     interest-bearing financial assets and liabilities with
         tetap dengan berbagai periode jatuh tempo. Aset                     various time spans. The Group’s variable-rate
         dan liabilitas keuangan dengan tingkat suku bunga                   financial assets and liabilities are exposed to
         variabel yang dimiliki Grup terekspos fluktuasi arus                fluctuation in cash flows due to changes in interest
         kas yang diakibatkan oleh perubahan suku bunga,                     rate, while the fixed-rate financial assets and
         sementara aset dan liabilitas keuangan dengan                       liabilities are exposed to a risk of change in their fair
         tingkat suku bunga tetap terekspos risiko perubahan                 value due to changes in interest rates. To mitigate
         nilai wajar yang diakibatkan oleh perubahan suku                    these risks. the Group employs a policy of
         bunga. Untuk mengatasi risiko-risiko ini. Grup                      approximately matching the interest rate profile and
         menjalankan kebijakan untuk menyesuaikan profil                     time span of its financial assets and liabilities; and
         suku bunga dan jangka waktu aset dan liabilitas                     hedging activities.
         keuangan; dan aktivitas lindung nilai.

      ii. Risiko nilai tukar mata uang asing                            ii. Foreign exchange risk
         Grup memiliki aset dan liabilitas dalam Dolar                       The Group has assets and liabilities denominated in
         Amerika Serikat dengan rincian sebagai berikut                      USD as follows (in full amounts, except for Rupiah
         (dalam satuan penuh, kecuali jumlah setara                          equivalent):
         Rupiah):
                                                                 2023
                                                                       Setara Rupiah/
                                                       USD            Rupiah equivalent
         Aset:                                                                                                                 Assets:
            Kas dan setara kas                         23.531.980              362.770)                 Cash and cash equivalents
            Investasi di surat berharga                13.340.555)             205.657)                   Investment in securities
                                                       36.872.535)             568.427)
         Liabilitas:                                                                                                      Liabilities:
            Utang usaha                                  (526.336)              (8.114)                            Trade payables

         Eksposur neto                                 36.346.199)             560.313)                                  Net exposure

                                                                 2022
                                                                       Setara Rupiah/
                                                       USD            Rupiah equivalent
         Aset:                                                                                                                Assets:
            Kas dan setara kas                         38.422.796              604.429                  Cash and cash equivalents
            Investasi di surat berharga                11.505.656)             180.995)                   Investment in securities
                                                       49.928.452              785.424
         Liabilitas:                                                                                                      Liabilities:
            Utang usaha                                  (471.299)               (7.414)                           Trade payables
         Eksposur neto                                 49.457.153)             778.010)                                  Net exposure




                                                                                                                                    69
Page 262
                PT MITRA PINASTHIKA MUSTIKA Tbk DAN ENTITAS ANAK/
                  PT MITRA PINASTHIKA MUSTIKA Tbk AND SUBSIDIARIES
                                 CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
                            UNTUK TAHUN BERAKHIR 31 DESEMBER 2023 DAN 2022 (Lanjutan)/
                                  NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                FOR YEARS ENDED 31 DECEMBER 2023 AND 2022 (Continued)
                  (Dalam jutaan Rupiah, kecuali dinyatakan khusus/In millions of Rupiah, unless otherwise specified)

32. INSTRUMEN KEUANGAN DAN                                                                   32. FINANCIAL INSTRUMENTS AND
    MANAJEMEN RISIKO KEUANGAN (Lanjutan)                                               FINANCIAL RISK MANAGEMENT (Continued)
   Manajemen risiko keuangan (Lanjutan)                                           Financial risk management (Continued)
   c.   Risiko pasar (Lanjutan)                                                   c.     Market risk (Continued)
        ii. Risiko nilai tukar mata uang asing (Lanjutan)                               ii. Foreign exchange risk (Continued)
            Aset dan liabilitas dalam mata uang asing lainnya                                 Assets and liabilities denominated in other foreign
            disajikan dalam jumlah yang setara dengan Dolar                                   currencies are presented in US Dollar equivalent
            Amerika Serikat, dengan menggunakan kurs pada                                     using the exchange rate prevailing at the end of the
            akhir periode pelaporan.                                                          reporting period.

            Pada tanggal 31 Desember 2023 dan 2022, kurs                                      As at 31 December 2023 and 2022, the exchange
            nilai tukar yang digunakan adalah masing-masing                                   rates used were Rp 15,416 and Rp 15,731 (whole
            sebesar Rp 15.416 dan Rp 15.731 (Rupiah penuh)                                    Rupiah), respectively, for 1 United States Dollar
            untuk 1 Dolar Amerika Serikat (“USD”).                                            (“USD”).
            Penguatan/pelemahan nilai Rupiah, sebagaimana                                     A strengthening/weakening of the Rupiah, as
            ditunjukkan di bawah ini, terhadap Dolar Amerika                                  indicated below, against the US Dollar at
            Serikat pada tanggal 31 Desember 2023 dan 2022                                    31 December 2023 and 2022 would have increased
            akan meningkatkan (menurunkan) ekuitas dan laba                                   (decreased) equity and profit or loss after income tax
            rugi setelah pajak penghasilan sebesar jumlah yang                                by the amounts shown below. This analysis is based
            ditunjukkan di bawah ini. Analisis ini didasarkan                                 on US Dollar rate variances that management
            pada varians kurs Dolar Amerika Serikat yang                                      considers as being reasonably possible at the
            dianggap wajar oleh manajemen pada tanggal                                        reporting date. The analysis assumes that all other
            pelaporan. Analisis mengasumsikan bahwa semua                                     variables, in particular interest rates, remain
            variabel lain, khususnya suku bunga, tetap konstan                                constant and ignores any impact of forecasted sales
            dan mengabaikan dampak perkiraan penjualan dan                                    and purchases.
            pembelian.
                                                                                                                                    Efek terhadap laba rugi
                                                                                                                                   setelah pajak penghasilan/
                                                                                                  Efek terhadap ekuitas/            Impact on profit or loss
            Dalam jutaan Rupiah/ In millions of Rupiah                                              Impact on equity                    after income tax
            31 Desember 2023/ 31 December 2023
            1 persen penguatan/pelemahan Dolar Amerika Serikat/
               1 percent strengthening/weakening of USD                                                                   4.370                            4.370
            31 Desember 2022/ 31 December 2022
            1 persen penguatan/pelemahan Dolar Amerika Serikat/
               1 percent strengthening/weakening of USD                                                                   6.068                            6.068

33. PERJANJIAN DAN KOMITMEN YANG                                                                  33. SIGNIFICANT AGREEMENTS AND
    SIGNIFIKAN                                                                                                      COMMITMENTS
   Fasilitas kredit                                                                    Credit facilities
   Pada tanggal 31 Desember 2023, Grup melakukan                                       At 31 December 2023, the Group entered loan facility
   perjanjian fasilitas pinjaman dengan:                                               agreement with:
                                                     Tipe fasilitas/                    Fasilitas yang belum digunakan/            Periode ketersediaan/
                                                     Facility type                                Unused facility                   Availability period
   PT Bank HSBC Indonesia             Fasilitas kredit berulang tanpa komitmen/
                                             Uncommitted revolving loan                                         200.000      16 November/November 2024
   PT Bank BTPN Tbk                            Fasilitas kredit berulang/
                                                Revolving credit facility                                       300.000             31 Mei/May 2024
   PT Bank ANZ Indonesia                          Fasilitas multiopsi/
                                                  Multioption facility                                          300.000      30 September/September 2024
   PT Bank Permata Tbk                         Fasilitas kredit berulang/
                                                Revolving credit facility                                       200.000         18 Agustus/August 2024
   PT Bank Central Asia Tbk               Fasilitas kredit Dealer Financing/                                                     9 Maret/March 2024 –
                                           Dealer Financing credit facility                                       7.050       5 November/November 2024
   PT Bank Permata Tbk                        Fasilitas Dealer Financing/
                                               Dealer Financing facility                                          5.222           18 Agustus/August 2024
                                                                                                              1.012.272




                                                                                                                                                              70
Page 263
Siddharta Widjaja & Rekan
Registered Public Accountants
35 th Floor Jakarta Mori Tower
40-41, JI. Jend. Sudirman
Jakarta 10210
Indonesia
+62 (21) 574 2333 / 574 2888



Laporan Auditor Independen                                                                                                                   Independent Auditors' Report

No.: 00132/2.1005/AU.1/05/1212-1/1/III/2024                                                                                       No. : 00132/2 .1005/AU.1/05/1212-1/1/III/2024

Para Pemegang Saham,                                                                                                                                       The Shareholders,
Dewan Komisaris dan Direksi                                                                                                    Board of Commissioners and Board of Directors
PT Mitra Pinasthika Mustika Tbk:                                                                                                           PT Mitra Pinasthika Mustika Tbk:




Opini                                                                                                    Opinion
Kami telah mengaudit laporan keuangan konsolidasian                                                      We have audited the consolidated financial statements of
PT Mitra Pinasthika Mustika Tbk dan entitas anaknya ("Grup"),                                           PT Mitra Pinasthika Mustika Tbk and its subsidiaries ("the
yang terdiri dari laporan posisi keuangan konsolidasian tanggal                                         Group"), which comprise the consolidated statement of
31 Desember 2023, serta laporan laba rugi dan penghasilan                                               financial position as of 31 December 2023, the consolidated
komprehensif lain konsolidasian, laporan perubahan ekuitas                                              statements ofprofit or loss and other comprehensive income,
konsolidasian, dan laporan arus kas konsolidasian untuk tahun yang                                      changes in equity, and cash flows for the year then ended, and
berakhir pada tanggal tersebut, serta catatan, yang terdiri dari                                        notes, comprising material accounting policies and other
informasi kebijakan akuntansi material dan informasi penjelasan                                         explanatory information.
lainnya.

Menurut opini kami, laporan keuangan konsolidasian terlampir                                             In our opinion, the accompanying consolidated financial
menyajikan secara wajar, dalam semua ha! yang material, posisi                                           statements present fairly, in all material respects,
keuangan konsolidasian Grup tanggal 31 Desember 2023, serta                                              the consolidated financial position of the Group as of
kinerja keuangan konsolidasian dan arus kas konsolidasiannya                                             31 December 2023, and its consolidated financial performance
untuk tahun yang berakhir pada tanggal tersebut, sesuai dengan                                           and its consolidated cash flows for the year then ended in
Standar Akuntansi Keuangan di Indonesia.                                                                 accordance with Indonesian Financial Accounting Standards.

Basis Opini                                                                                              Basis for Opinion
 Kami melaksanakan audit kami berdasarkan Standar Audit yang                                             We conducted our audit in accordance with Standards on
 ditetapkan oleh Institut Akuntan Publik Indonesia. Tanggung jawab                                       Auditing established by the Indonesian Institute of Certified
 kami menurut standar tersebut diuraikan lebih lanjut dalam                                              Public Accountants. Our responsibilities under those standards
 paragraf Tanggung Jawab Auditor terhadap Audit atas Laporan                                             are further described in the Auditors' Responsibilities for the
 Keuangan Konsolidasian pada laporan kami. Kami independen                                               Audit of the Consolidated Financial Statements section of our
 terhadap Grup berdasarkan ketentuan etika yang relevan dalam                                            report. We are independent of the Group in accordance with the
 audit kami atas laporan keuangan konsolidasian di Indonesia, dan                                        ethical requirements that are relevant to our audit of the
 kami telah memenuhi tanggung jawab etika lainnya berdasarkan                                            consolidated financial statements in Indonesia, and we have
 ketentuan tersebut. Kami yakin bahwa bukti audit yang telah kami                                        fulfilled our other ethical responsibilities in accordance with
 peroleh adalah cukup dan tepat untuk menyediakan suatu basis bagi                                       these requirements. We believe that the audit evidence we have
 opini audit kami .                                                                                       obtained is sufficient and appropriate to provide a basis for our
                                                                                                          opinion.




Siddharta Widjaja & Rekan - 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 264
~

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 laporan keuangan konsolidasian periode kini. Hal-     consolidated financial statements of the current period. These
hal tersebut disampaikan dalam konteks audit kami atas laporan         matters were addressed in the context of our audit of the
keuangan konsolidasian secara keseluruhan, dan dalam                  consolidatedfinancial statements as a whole, and informing
merumuskan opini kami atas laporan keuangan konsolidasian              our opinion thereon, and we do not provide a separate opinion
terkait, kami tidak menyatakan suatu opini terpisah atas hal audit     on these matters.
utama tersebut.

Pengakuan pendapatan                                                  Revenue recognition
Lihat Catatan 23 atas laporan keuangan konsolidasian dan              Refer to Note 23 to the consolidated financial statements and the
kebijakan akuntansi 3n pada halaman 26.                               accounting policy 3n on page 26.

Pendapatan Grup terutama berasal dari penjualan produk kendaraan      The Group's revenues principally are from sales of two-wheel
bermotor roda dua dan suku cadang, yang diakui sebagai                vehicles and spare parts, which are recognized as revenue when
pendapatan pada saat pengendalian atas barang telah dialihkan         the control of the goods is transferred to the customers
kepada pelanggan sesuai ketentuan-ketentuan yang disepakati           according to the terms of the contract entered with customers.
dalam kontrak dengan pelanggan.

Kontrak untuk produk yang berbeda dengan jenis pelanggan yang         Contracts for different products with different types of
berbeda memiliki ketentuan-ketentuan yang berbeda. Ketentuan-         customers have different terms. Such terms may affect the timing
ketentuan tersebut dapat berdampak pada saat pengakuan                of revenue recognition from sales to these customers.
pendapatan atas penjualan kepada pelanggan tersebut. Manajemen        Management evaluates the terms of each contract in order to
mengevaluasi ketentuan-ketentuan pada setiap kontrak untuk            determine the appropriate timing of revenue recognition.
menentukan saat pengakuan pendapatan yang tepat.

Kami mengidentifikasi pengakuan pendapatan sebagai hal audit          We identified revenue recognition as a key audit matter because
utama, karena pendapatan adalah salah satu indikator kinerj a utama   revenue is one of the key performance indicators of the Group
dari Grup, sehingga memiliki risiko inheren atas manipulasi saat      and therefore there is an inherent risk of manipulation of the
maupunjumlah pendapatan yang diakui oleh manajemen untuk              timing and amount of recognition of revenue by management to
mencapai target atau ekspektasi tertentu.                             meet specific targets or expectations.

Prosedur audit kami dalam menganalisa pengakuan pendapatan            Our audit procedures to assess revenue recognition included the
termasuk antara lain:                                                 following:

•    Kami mengevaluasi desain, implementasi, dan efektivitas           •    We evaluated the design, implementation and operating
     operasi dari pengendalian internal utama yang terkait dengan           effectiveness of key internal controls related to the
     pengakuan dan pengukuran pendapatan;                                   recognition and measurement of revenue;

 •   Kami menginspeksi sampel kontrak atas setiap arus                 •    We inspected samples of contract for each major revenue
     pendapatan utama untuk memahami ketentuan-ketentuan                    stream to understand the terms and evaluate the
     yang berlaku dan mengevaluasi ketepatan pengakuan                      appropriateness of revenue recognition, measurement and
     pendapatan, pengukuran dan penyajian sesuai dengan standar             presentation with reference to the requirements of the
     akuntansi yang berlaku;                                                prevailing accounting standard;

 •    Kami membandingkan sampel transaksi pendapatan yang              •    We compared samples of revenue transactions recorded
      tercatat selama tahun berjalan dengan dokumentasi                     during the year against the relevant supporting
      pendukung yang relevan dan menilai apakah pendapatan                  documentation and assessed whether the related revenue
      tersebut telah diakui sesuai dengan standar akuntansi yang            had been recognized in accordance with the prevailing
      berlaku;                                                              accounting standard;
Page 265
•    Kami membandingkan transaksi pendapatan spesifik yang              •    We compared specific revenue transactions recorded
     tercatat sebelum dan sesudah tutup buku dengan dokumentasi             before and after the financial year end date against the
     pendukung yang relevan untuk menentukan apakah                         relevant supporting documents to determine whether the
     pendapatan tersebut telah diakui pada tahun pelaporan yang             related revenue had been recognized in the appropriate
     tepat;                                                                 financial year;

•    Kami menginspeksi buku besar pendapatan setelah tahun              •    We inspected sales ledger subsequent to the financial year
     pelaporan dan meminta keterangan manajer akuntansi untuk                and inquired of accounting manager to identify if any
     mengidentifikasi jika terdapat nota kredit signifikan yang              significant credit notes had been issued or sales returns
     diterbitkan atau retur penjualan signifikan, dan menginspeksi           had occurred, and inspected relevant underlying           ·
     dokumen pendukung terkait sebagaimana dibutuhkan untuk                  documentation where necessary for the purpose of
     menilai apakah pendapatan telah diakui pada tahun pelaporan             assessing if the related revenue had been accounted for in
     yang tepat sesuai standar akuntansi yang berlaku; dan                   the appropriate financial year in accordance with the
                                                                             requirements of the prevailing accounting standard; and

•    Kami mengevaluasi jumal yang dicatat ke pendapatan selama          •    We evaluatedjournal entries recorded to revenue during
     tahun pelaporan untuk mengidentifikasi item yang tidak lazim            the financial year to identify unusual or irregular items
     atau tidak teratur dan memeroleh dokumentasi pendukungnya.              and obtained supporting documentation.


Informasi Lain                                                          Other Information
Manajemen bertanggungjawab atas informasi lain . Informasi lain         Management is responsible for the other information. The other
terdiri dari informasi yang tercantum dalam Laporan Tahunan             information comprises the information included in 2023 Annual
2023, tetapi tidak mencantumkan laporan keuangan konsolidasian          Report, but does not include the consolidated financial
dan laporan auditor kami. Laporan Tahunan 2023 diharapkan akan          statements and our auditor's report thereon. The 2023 Annual
tersedia bagi kami setelah tanggal laporan auditor ini .                Report is expected to be made available to us after the date of
                                                                        this auditors ' report.

Opini kami atas laporan keuangan konsolidasian tidak mencakup           Our opinion on the consolidated financial statements does not
informasi Iain, dan oleh karena itu, kami tidak menyatakan bentuk       cover the other information and we do not express any form of
keyakinan apapun atas informasi lain tersebut.                          assurance conclusion thereon.


Sehubungan dengan audit kami atas Iaporan keuangan                      In connection with our audit of the consolidated financial
konsolidasian, tanggung jawab kami adalah untuk membaca                 statements, our responsibility is to read the other information
informasi lain yang teridentifikasi di atas, jika tersedia dan, dalam   identified above when it becomes available and, in doing so,
melaksanakannya, mempertimbangkan apakah informasi Iain                 consider whether the other information is materially
mengandung ketidakkonsistensian material dengan Iaporan                 inconsistent with the consolidated financial statements or our
keuangan konsolidasian atau pemahaman yang kami peroleh                 knowledge obtained in the audit or otherwise appears to be
selama audit, atau mengandung kesalahan penyajian material.             materially misstated.

Ketika kami membaca Laporan Tahunan 2023 , jika kami                    When we read the 2023 Annual Report, if we conclude that
menyimpulkan bahwa terdapat suatu kesalahan penyajian material          there is a material misstatement therein, we are required to
di dalamnya, kami diharuskan untuk mengomunikasikan ha!                 communicate the matter to those charged with governance and
terse but kepada pihak yang bertanggung jawab atas tata kelola dan      take appropriate actions based on the applicable laws and
melakukan tindakan yang tepat berdasarkan peraturan perundang-          regulations.
undangan yang berlaku.
Page 266
�




Tanggullg Jawab Manajemell dan Pihakyallg Berta1Zggu1Zg               Respollsibilities of Management a!ld Those Charged with
Jawab atas Tata Keio/a terhadap Laporan Keuangan                      Governance for the Consolidated Finallcial Statements
Konsolidasian
Manajemen bertanggung jawab atas penyusunan dan penyajian             Management is responsible for the preparation and/air
wajar laporan keuangan konsolidasian tersebut sesuai dengan           presentation of these consolidated financial statements in
Standar Akuntansi Keuangan di Indonesia, dan atas pengendalian        accordance with Indonesian Financial Accounting Standards,
internal yang dianggap perlu oleh manajemen untuk                     and/or such internal control as management determines is
memungkinkan penyusunan laporan keuangan konsolidasian yang           necessary to enable the preparation. of consolidated.financial
bebas dari kesalahan penyajian material, baik yang disebabkan oleh    statements that are free from material misstatement, whether
kecurangan maupun kesalahan.                                          due to fraud or error.

Dalam penyusunan laporan keuangan konsolidasian, manajemen            In preparing the consolidated financial statements, management
bertanggung jawab untuk menilai kemampuan Grup dalam                  is responsible for assessing the Group's ability to continue as a
mempertahankan kelangsungan usahanya, mengungkapkan, sesuai           going concern, disclosing, as applicable, matters related to
dengan kondisinya, hal-hal yang berkaitan dengan kelangsungan         going concern and using the going concern basis of accounting
usaha, dan menggunakan basis akuntansi kelangsungan usaha,            unless management either intends to liquidate the Group or to
kecuali manajemen memiliki intensi untuk melikuidasi Grup atau        cease operations, or has no realistic alternative but to do so.
menghentikan operasi, atau tidak memiliki alternatif yang realistis
selain melaksanakannya.

Pihak yang bertanggung jawab atas tata kelola bertanggung jawab       Those charged with governance are responsible for overseeing
untuk mengawasi proses pelaporan keuangan Grup.                       the Group's financial reporting process.

Tanggung Jawab Auditor terhadap Audit atas Laporan                    Auditors' Responsibilities for the Audit of the Consolidated
Keuangan Konsolidasian                                                Financial Stateme/lts
Tujuan kami adalah untuk memeroleh keyakinan memadai tentang          Our objectives are to obtain reasonable assurance about
apakah laporan keuangan konsolidasian secara keseluruhan bebas        whether the consolidated.financial statements as a whole are
dari kesalahan penyajian material, baik yang disebabkan oleh          free from material misstatement, whether due to fraud or error,
kecurangan maupun kesalahan, dan untuk menerbitkan laporan            and to issue an auditors' report that includes our opinion.
auditor yang mencakup opini kami. Keyakinan memadai                   Reasonable assurance is a high level of assurance, but is not a
merupakan suatu tingkat keyakinan tinggi, namun bukan                 guarantee that an audit conducted in accordance with the
merupakan suatu jaminan bahwa audit yang dilaksanakan                 Standards on Auditing will always detect a material
berdasarkan Standar Audit akan selalu mendeteksi kesalahan            misstatement when it exists. Misstatements can arise from fraud
penyajian material ketika ha! tersebut ada. Kesalahan penyajian       or error and are considered material if, individually or in the
dapat disebabkan oleh kecurangan maupun kesalahan dan dianggap        aggregate, they could reasonably be expected to influence the
material jika, baik secara individual maupun secara agregat, dapat    economic decisions of users taken on the basis of these
diekspektasikan secara wajar akan memengaruhi keputusan               consolidated.financial statements.
ekonomi yang diambil oleh pengguna berdasarkan laporan
keuangan konsolidasian tersebut.

Sebagai bagian dari suatu audit berdasarkan Standar Audit, kami       As part of an audit in accordance with the Standards on
menerapkan pertimbangan profesional dan mempertahankan                Auditing, we exercise professional judgment and maintain
skeptisisme profesional selama audit. Kami juga:                      professional skepticism throughout the audit. We also:

 •    Mengidentifikasi dan menilai risiko kesalahan penyajian         •    Identify and assess the risks of material misstatement of
      material dalam laporan keuangan konsolidasian, baik yang             the consolidated .financial statements, whether due to fraud
      disebabkan oleh kecurangan maupun kesalahan, mendesain               or error, design and perform audit procedures responsive
      dan melaksanakan prosedur audit yang responsif terhadap              to those risks, and obtain audit evidence that is sufficient
      risiko tersebut, serta memeroleh bukti audit yang cukup dan          and appropriate to provide a basis for our opinion. The
      tepat untuk menyediakan basis bagi opini kami. Risiko tidak          risk of not detecting a material misstatement resulting
      terdeteksinya kesalahan penyajian material yang disebabkan           fromfraud is higher than/or one resulting from error,
      oleh kecurangan lebih tinggi dari yang disebabkan oleh               as fraud may involve collusion, forgery, intentional
      kesalahan, karena kecurangan dapat melibatkan kolusi,                omissions, misrepresentations, or the override of internal
      pemalsuan, penghilangan secara sengaja, pemyataan salah.             control.
      atau pengabaian pengendalian internal.
Page 267
•    Memeroleh suatu pemahaman tentang pengendalian internal          •   Obtain an understanding of internal control relevant to the
     yang relevan dengan audit untuk mendesain prosedur audit             audit in order to design audit procedures that are
     yang tepat sesuai dengan kondisinya, tetapi bukan untuk              appropriate in the circumstances, but not for the purpose
     tujuan menyatakan opini atas keefektivitasan pengendalian            of ex.pressing an opinion on the effectiveness of the
     internal Grup.                                                       Group's internal control.

•    Mengevaluasi ketepatan kebijakan akuntansi yang digunakan        •   Evaluate the appropriateness of accounting policies used
     serta kewajaran estimasi akuntansi dan pengungkapan terkait          and the reasonableness of accounting estimates and
     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 bukti             the going concern basis of accounting and, based on the
     audit yang diperoleh, apakah terdapat suatu ketidakpastian           audit evidence obtained, whether a material uncertainty
     material yang terkait dengan peristiwa atau kondisi yang             exists related to events or conditions that may cast
     dapat menyebabkan keraguan signifikan atas kemampuan                 significant doubt on the Group's ability to continue as a
     Grup untuk mempertahankan kelangsungan usahanya. Ketika              going concern. If we conclude that a material uncertainty
     kami menyimpulkan bahwa terdapat suatu ketidakpastian                exists, we are required to draw attention in our auditors'
     material, kami diharuskan untuk menarik perhatian dalam              report to the related disclosures in the consolidated
     laporan auditor kami ke pengungkapan terkait dalam laporan           financial statements or, if such disclosures are inadequate,
     keuangan konsolidasian atau, jika pengungkapan tersebut              to modify our opinion. Our conclusions are based on the
     tidak memadai, harus menentukan apakah perlu untuk                   audit evidence obtained up to the date of our auditors '
     memodifikasi opini kami. Kesimpulan kami didasarkan pada             report. However, future events or conditions may cause the
     bukti audit yang diperoleh hingga tanggal laporan auditor             Group to cease to continue as a going concern.
     kami . Namun, peristiwa atau kondisi masa depan dapat
     menyebabkan Grup tidak dapat mempertahankan
     kelangsungan usaha.


•    Mengevaluasi penyajian, struktur, dan isi laporan keuangan
                                                                      •   Evaluate the overall presentation, structure and content of
     konsolidasian secara keseluruhan, termasuk
                                                                          the consolidated financial statements, including the
     pengungkapannya, dan apakah laporan keuangan
                                                                          disclosures, and whether the consolidated financial
     konsolidasian mencerminkan transaksi dan peristiwa yang
                                                                          statements represent the underlying transactions and
     mendasarinya dengan suatu cara yang mencapai penyajian               events in a manner that achieves fair presentation.
     wajar.

•    Memeroleh bukti audit yang cukup dan tepat terkait informasi     •   Obtain sufficient appropriate audit evidence regarding the
     keuangan entitas atau aktivitas bisnis dalam Grup untuk              financial information of the entities or business activities
     menyatakan opini atas laporan keuangan konsolidasian. Kami           within the Group to ex.press an opinion on the
     bertanggung jawab atas arahan, supervisi, dan pelaksanaan            consolidated financial statements. We are responsible for
     audit grup. Kami tetap bertanggung jawab sepenuhnya atas              the direction, supervision and performance of the group
     opini audit kami .                                                    audit. We remain solely responsible for our audit opinion.


Kami mengomunikasikan kepada pihak yang bertanggung jawab             We communicate with those charged with governance
atas tata kelola mengenai, antara lain, ruang lingkup dan saat yang   regarding, among other matters, the planned scope and timing
direncanakan atas audit, serta temuan audit signifikan, termasuk      of the audit and significant audit findings, including any
setiap defisiensi signifikan dalam pengendalian internal yang         significant deficiencies in internal control that we identify
teridentifikasi oleh kami selama audit.                               during our audit.

Kami juga memberikan suatu pernyataan kepada pihak yang               We also provide those charged with governance with a
bertanggung jawab atas tata kelola bahwa kami telah mematuhi          statement that we have complied with relevant ethical
ketentuan etika yang relevan mengenai independensi, dan               requirements regarding indep endence, and communicate with
mengomunikasikan seluruh hubungan, serta hal-hal lain yang            them all relationships and other matters that may reasonably be
dianggap secara wajar berpengaruh terhadap independensi kami,         thought to bear on our independence, and where applicable,
dan, jika relevan, pengamanan terkait.                                related safeguards.
Page 268
~

Dari hal-hal yang dikomunikasikan kepada pihak yang bertanggung      From the matters communicated with those charged with
jawab atas tata kelola, kami menentukan hal-hal tersebut yang        governance, we determine those matters that were of most
paling signifikan dalam audit atas laporan keuangan konsolidasian    significance in the audit of the consolidated financial statements
periode kini dan oleh karenanya menjadi ha! audit utama. Kami        of the current period and are therefore the key audit matters.
menguraikan ha! audit utama dalam laporan auditor kami, kecuali      We describe these matters in our auditors ' report unless law or
peraturan perundang-undangan melarang pengungkapan publik            regulation precludes public disclosure about the matter or
tentang ha! tersebut atau ketika, dalam kondisi yang sangat jarang   when, in extremely rare circumstances, we determine that a
terjadi, kami menentukan bahwa suatu ha! tidak boleh                 matter should not be communicated in our report because the
dikomunikasikan dalam laporan kami karena konsekuensi                adverse consequences of doing so would reasonably be
merugikan dari mengomunikasikan ha! tersebut akan                    expected to outweigh the public interest benefits of such
diekspektasikan secara wajar melebihi manfaat kepentingan publik     communication.
atas komunikasi tersebut.




                                 Kantor Akuntan Publik/Registered Public Accountants
                                             Siddharta Widjaja & Rekan




                                                   Novie, S.E., CPA
                              Izin Akuntan Publik/Public Accountant License No. AP. 1212


 27 Maret 2024                                                                                                 27 March 2024
Page 269
                     Laporan Tahunan
                     Annual Report




PT MITRA PINASTHIKA MUSTIKA TBK

Lippo Kuningan, 26th Floor
Jl. HR Rasuna Said Kav. B-12
Kuningan, Jakarta 12940
Indonesia

  +62 21 2971 0170
  +62 21 2911 0320

www.mpmgroup.co.id

File

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Size7.87 MB
Published30 Apr 2024
Pages269
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Names mentioned 163 people and organisations named in the text · linked when the evidence is strong

linked org MITRA PINASTHIKA MUSTIKA TBK p.1 ×441
linked person Suwito Mawarwati · Direktur Utama p.15 ×47
linked person EDWIN SOERYADJAYA · Komisaris Utama p.25 ×18
linked person Danny Walla p.29 ×11
linked person Benny Redjo Setyono p.29 ×10
linked person Tossin Himawan · Komisaris p.29 ×23
linked person Istama Tatang Siddharta p.29 ×10
linked person Beatrice Kartika p.37 ×22
linked person Kemal Mawira p.37 ×16
linked org PT Persada Capital Investama p.43 ×2
linked person Timothy Immanuel Hutapea p.55
linked org Astra International Tbk p.56 ×35
linked org Adaro Energy Indonesia Tbk p.56 ×5
linked org Saratoga Investama Tbk p.56 ×13
linked org Astra Otoparts Tbk p.57 ×17
linked org Astra Graphia Tbk p.57 ×5
linked org PT Federal International Finance p.57 ×3
linked — Toyota Tsusho p.58 ×2
linked org Dharma Satya Nusantara Tbk. p.58 ×5
linked org Dana Pensiun p.60 ×2
linked org Unilever Indonesia Tbk p.60 ×5
linked org XL Axiata Tbk p.61 ×5
linked person Titien Supeno p.64 ×5
linked org PT Persada Capital p.65 ×2
linked org PT Tri Nur Cakrawala p.69
linked org Pemerintah Daerah DKI p.104
possible org Otoritas Jasa Keuangan p.2 ×18
possible org PT Bursa Efek Indonesia p.42 ×11
possible org Saratoga Investama Sedaya Tbk p.43 ×86
possible person Aria Kanaka p.55
possible org Merdeka Copper Gold Tbk p.56 ×11
possible org Tower Bersama Infrastructure Tbk p.56 ×4
possible org PT Unitras Pertama p.69
possible org Negara Republik Indonesia p.71
possible person Satria · Notaris p.117
unresolved org Financial Services Authority p.2 ×16
unresolved — Information on Owner p.6
unresolved — Subsidiaries and Associates p.6
unresolved org Other Securities Listing Chronology p.6
unresolved org Kantor Akuntan Publik Kegiatan p.6
unresolved — Information on the Use of Public p.6
unresolved org PT Asuransi Mitra Pelindung Mustika p.12 ×11
unresolved person Ivan · Direktur p.13 ×8
unresolved — Top Business. Mr. Ivan · Director p.13
unresolved org PT Mitra Pinasthika Mustika Rent p.14 ×12
unresolved org PT Mitra Pinasthika Mulia p.18 ×11
unresolved org PT Astra Honda Motor p.19 ×8
unresolved org Kementerian Ketenagakerjaan Republik Indonesian Motor Association p.19
unresolved org Ministry of Manpower p.19 ×2
unresolved org Kementerian Ketenagakerjaan Republik p.19
unresolved org Kementerian Ketenagakerjaan Republik Indonesia Ministry of Manpower p.19
unresolved org PT Daya Karya Solusi Sejati p.20 ×6
unresolved org PT Mitra Pinasthika p.20 ×10
unresolved org Menteri Ketenagakerjaan Republik and Control Program p.20
unresolved org Minister of Manpower p.20 ×3
unresolved org Menteri Ketenagakerjaan Republik p.21 ×2
unresolved org PT Balai Lelang Asta p.21
unresolved org PT Balai Toyota Astra Motor p.21
unresolved org PT Asuransi Mitra Pelindung Mustika This p.22
unresolved person Reissued · Director p.22
unresolved org Penerbit p.22 ×7
unresolved org PT Fitch Ratings Indonesia Masa Berlaku p.22
unresolved org PT TUV Rheinland Indonesia p.22 ×3
unresolved org PT TUV Rheinland Indonesia Masa Berlaku p.22 ×2
unresolved org Mustika Tbk p.25 ×3
unresolved org Menteri Kehakiman No. C p.42
unresolved org Pengadilan Negeri Jakarta Utara p.42
unresolved person Notary Mrs. Rukmasanti Hardjasatya · Notaris p.42 ×7
unresolved org North Jakarta District Court p.42
unresolved org PT Bursa Efek Indonesia Rp p.42
unresolved org PT Putra Mustika Prima. p.44 ×7
unresolved org PT Putra Mustika Prima. First p.44
unresolved org PT Mitra Pinasthika Mustika Finance p.44 ×6
unresolved org PT Sasana Artha Finance p.44 ×5
unresolved org PT Federal Karyatama p.44 ×4
unresolved org PT JACCS Mitra Pinasthika Mustika Finance p.44
unresolved org PT Sasana Artha p.44
unresolved org PT JACCS Mitra Pinasthika Mustika Indonesia. p.44
unresolved org PT Mitra Pinasthika Mustika Auto p.44 ×8
unresolved org PT Nissan Motor Distribusi Indonesia. p.44 ×2
unresolved org Indonesia Stock Exchange p.44
unresolved org JACCS Co Ltd p.44 ×4
unresolved org PT Asuransi Mitra Pelindung p.45
unresolved org Esso Petroleum Co Ltd p.45 ×2
unresolved org ExxonMobil UK Limited p.45 ×2
unresolved org Trusty Cars Pte Ltd p.45 ×2
unresolved org PT Balai Lelang p.45
unresolved org PT Balai Lelang Asta Nara Jaya p.45 ×2
unresolved person Yosaphat Budisatyawira · President Commissioner p.55 ×2
unresolved person Riwayat Pendidikan · Komisaris Utama p.56 ×2
unresolved person Educational Background · President Commissioner p.56 ×2
unresolved org Yayasan William p.56
unresolved person Riwayat · Commissioner p.57
unresolved org PT Federal Motor p.57 ×4
unresolved org PT Astra Credit p.57
unresolved org PT Astra Credit Company. Rangkap p.57
unresolved org PT Grahamitra Lestarijaya p.57 ×2
unresolved org PT Toyota Tsusho Indonesia p.58 ×2
unresolved org PT Oerlikon Balzer Artoda Indonesia p.58 ×2
unresolved org Kantor Akuntan Publik Siddharta Widjaja & Rekan p.59 ×2
unresolved org Kantor Akuntan Publik Siddharta Widjaja p.59 ×2
unresolved org Public Accounting Firm Siddharta Widjaja & Partners p.59
unresolved org PT Amalgamated Consulting Indonesia p.59 ×2
unresolved org Diamond Foods Indonesia Tbk. p.59 ×4
unresolved org PT Toyota Motor Manufacturing Indonesia p.60 ×2
unresolved org Dana Pensiun Toyota Astra p.60
unresolved org PT Toyota-Astra Motor p.60 ×2
unresolved org Sara Lee Tbk p.60 ×4
unresolved org PT Jakarta Cakratunggal Steel Mills p.60 ×4
unresolved org Yayasan Dharma Bhakti p.61
unresolved org PT Asuransi Jiwa Astra p.61 ×6
unresolved org Perdagangan Bintraco Dharma Tbk p.61
unresolved org Dharma Tbk p.61
unresolved person History · Direktur Utama p.62
unresolved org PT Mitra Pertama Mulia p.62 ×3
unresolved org PT Armada Maha Karya. p.62 ×5
unresolved org PT Armada Maha Karya. Hubungan Afiliasi Affiliate Relations p.62
unresolved org Kantor Akuntan Publik Hans Tuanakotta p.63
unresolved org PT Apac Inti Corpora Indonesian p.63
unresolved org PT Apac Inti Domicile p.63
unresolved org PT Mitra Pertama Mulia. Hubungan Afiliasi Affiliate Relations p.63
unresolved org PT Mulia Bosco Logistik p.64 ×2
unresolved org PT Asuransi Mitra Pelindung Mustika. Hubungan Afiliasi Affiliate p.64
unresolved org Sedaya Tbk p.65 ×2
unresolved org PT Pandu Alam Persada p.69
unresolved org PT Persada Capital Investama Public p.69
unresolved org Mitra Pinashtika Mustika Tbk p.69 ×4
unresolved org PT JACCS Mitra p.70 ×2
unresolved org PT Mitra Pinashtika p.70 ×2
unresolved org PT Mitra Pinasthika Mitra Pelindung Pinashtika Mulia p.70
unresolved org PT Putra Pertama Mulia p.70
unresolved org PT Surya p.70
unresolved org PT Armada Anugerah Kencana p.70
unresolved org PT Dayakarya Solusi Sejati p.70
unresolved org PT Grahamitra p.70
unresolved org Menteri Kehakiman p.71
unresolved org Menteri Hukum dan Hak Asasi Manusia p.71
unresolved org Minister of Justice p.71
unresolved org Minister of Law and Human Rights p.71
unresolved org Kantor Akuntan Publik Information p.74
unresolved org Diberikan KAP Siddharta Widjaja & Rekan p.74
unresolved org Siddharta Widjaja p.74
unresolved org Conducting audits on the Company’s Consolidated Financial Statements · Akuntan Publik p.74
unresolved org Subsidiaries’ Financial Statements. Novie p.74
unresolved — Hayam Wuruk No. 28 · Biro Administrasi Efek p.74
unresolved org PT Datindo Entrycom Securities Administration Bureau p.74
unresolved person Komplek p.74
unresolved org Bank BUMN p.80 ×3
unresolved org Bank BUMD p.80 ×2
unresolved org Penyelenggaraan Jaminan Sosial p.84
unresolved org Bank Indonesia p.93 ×6
unresolved org Pusat Statistik p.93 ×2
unresolved org Bank Indonesia’s p.93
unresolved person Principle E · Komisaris p.112
unresolved org PT Kustodian Sentral Efek Indonesia p.117 ×35
unresolved org PT Kustodian Sentral Efek Indonesia. Sementara p.117 ×8
unresolved org PT Datindo Entrycom p.117 ×6
unresolved person Jose Dima Satria p.117 ×4
unresolved org Public Accounting Firm Siddharta Widjaja & Rekan p.118
unresolved org Ministry of Law and Human Rights p.120 ×4
unresolved org Kementerian Hukum dan Hak Asasi Manusia Republik Indonesia p.120 ×3

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