Skip to content
Back to announcement

AnnualReport2023-ERAA-att1.pdf

Other Text extracted ERAA

Source file signed link, expires in 15 minutes

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

Extracted text 518

Page 1
CREATING


       l a p o r a n ta h u na n
       annual report




PT E r a j aya S wa se m b a d a T b k
Page 2
Daftar isi                                         TA B L E O F C O N T E N T S




07                                              50
                                                                                                   Demografi Karyawan                        92
                                                                                                   Employee Demographics
                                                                                                   Informasi Pemegang Saham                  94

PENDAHULUAN                                     PROFIL
                                                                                                   Shareholders Information
                                                                                                   Kepemilikan saham Perseroan oleh          96
introduction                                    PERUSAHAAN                                         anggota Direksi dan anggota Dewan
                                                                                                   Komisaris per 31 Desember 2023
                                                                                                   The Company’s shares ownership by
 Ikhtisar Bisnis                           4    c o m pa n y p r o f i l e
                                                                                                   member of Board of Directors and
 Business Highlights
                                                Sekilas Tentang Erajaya                      52    member of Board of Commissioners as of
 Ikhtisar Data Keuangan Penting            6    Erajaya at a Glance                                December 31, 2023
 Summary of Key Financial Data
                                                Identitas Perseroan                          56    Struktur Kepemilikan Perusahaan           97
 Ikhtisar Saham                            9    Corporate Identity                                 Structure of Company Ownership
 Stock Highlights
                                                Visi & Misi Perusahaan                       58    Informasi Pemegang Saham Pengendali       98
 Informasi Mengenai Aksi Korporasi         10   Company Vision and Mission                         Information on Controlling Shareholders
 Information on Corporate Action
                                                Nilai-Nilai Perusahaan                       59    Entitas Anak dan Entitas Afiliasi         99
 Pernyataan Tidak Terjadinya Penghentian   10   Company Core Values                                Subsidiaries and Affiliated Entities
 Sementara Perdagangan Saham dan/atau
                                                Bidang Usaha                                 60    Entitas Asosiasi Dan Ventura Bersama      105
 Penghapusan Pencatatan Saham
                                                Line of Business                                   Associated Companies And Joint Venture
 Statement of Zero Suspension and/or
 Delisting of Shares                                                                               Perusahaan Asosiasi                       107
                                                Wilayah Operasional                          65
                                                Operational Areas                                  Associated Companies
 Informasi Obligasi, Sukuk, dan/atau       11
 Obligasi Konversi                                                                                 Kronologi Pencatatan Saham                108
                                                Peta Wilayah Operasional                     66
 Information on Bonds, Sukuk, and/or                                                               Chronology of Share Listing
                                                Operational Area Map
 Convertible Bonds
                                                Struktur Organisasi                          68    Informasi Obligasi, Sukuk, dan/atau       109
 Peristiwa Penting 2023                    12                                                      Obligasi Konversi
                                                Organizational Structrue
 2023 Event Highlight                                                                              Information on Bonds, Sukuk, and/or
                                                Informasi Situs Web Perusahaan               70    Convertible Bonds
 Kalender Kegiatan 2023                    16
                                                The Company’s Website Information
 2023 Event Calendar                                                                               Informasi Kantor Akuntan Publik           109
                                                Profil Dewan Komisaris                       72    Information on Public Accounting Firm
 Penghargaan 2023                          18
                                                Profile of The Board of Commissioners
 2023 Awards                                                                                       Nama dan alamat lembaga dan/atau          110
                                                Perubahan Komposisi Dewan Komisaris          77    profesi penunjang
                                                                                                   Name and address of institutions and/or



22
                                                pada Tahun Buku 2023
                                                Changes in the Composition of the Board            supporting professions
                                                of Commissioners in the Fiscal Year 2023




                                                                                                  112
                                                Profil Direksi                               78
                                                Profile of The Board of Directors

LAPORAN                                         Perubahan Komposisi Direksi pada Tahun
                                                Buku 2023
                                                                                             89


MANAJEMEN                                       Changes in the Composition of the Board
                                                of Directors in the Fiscal Year 2023              ANALISIS DAN
m a n ag e m e n t r e p o rt s                 Perubahan Komposisi Direksi dan/atau         90   PEMBAHASAN
                                                                                                  MANAJEMEN
                                                Dewan Komisaris setelah tahun buku
 Laporan Dewan Komisaris                   24
                                                2023 berakhir sampai dengan batas waktu
 Report of the Board of Commissioners
                                                penyampaian Laporan Tahunan 2023
 Laporan Direksi                           32   Changes in the composition of the                 m a n ag e m e n t d i s c u s s i o n
 Report of the Board of Directors               Board of Directors and/or the Board of
                                                                                                  a n d a n a ly s i s
                                                Commissioners after the fiscal year 2023
 Pernyataan Manajemen Atas Laporan         48   ends until the deadline for submitting the
 Tahunan 2023                                   2023 Annual Report                                 Tinjauan Makroekonomi
                                                                                                                                             114
 Management’s Statement for the 2023                                                               Macroeconomic Review
 Annual Report                                  Pengungkapan Hubungan Afiliasi               91
                                                Anggota Dewan Komisaris, Direksi, dan              Tinjauan Industri
                                                                                                                                             120
                                                Pemegang Saham Utama                               Industry Review
                                                Disclosure of Affiliate Relationships
                                                                                                   Tinjauan Operasional
                                                Between Members of the Board of                                                              122
                                                                                                   Operational Review
                                                Commissioners, the Board of Directors,
                                                and Major Shareholders                             Tinjauan Keuangan
                                                                                                                                             132
                                                                                                   Financial Overview
Page 3
160
                                                   Kebijakan Pemberian Kompensasi            217
                                                   Jangka Panjang Berbasis Kinerja kepada
                                                   Manajemen dan atau Karyawan
                                                   Performance-Based Long-Term

TATA KELOLA
                                                   Compensation Policy to Management and
                                                   or Employees


PERUSAHAAN                                                                                           308
                                                   Pengungkapan Informasi Mengenai           218
                                                   Kepemilikan Saham Perseroan oleh
                                                   Anggota Direksi dan Anggota Dewan
                                                                                                     REFERENSI SEOJK
c o r p o r at e g ov e r n a n c e                Komisaris
                                                   Information Disclosure Regarding
 Panduan GCG                                163
                                                   The Company’s Shares Ownership By                 NOMOR 16/
 GCG Soft Structures
                                                   Members of The Board of Directors and             SEOJK.04/2021:
                                                   Members of The Board of Commissioners
                                                                                                     LAPORAN TAHUNAN
 Struktur Tata Kelola                       165
 Governance Structure
                                                                                                     EMITEN ATAU
                                                   Kebijakan Komunikasi dengan Pemegang      219
 Rapat Umum Pemegang Saham                  166    Saham
 General Meeting of Shareholders                   Communication Policy with Shareholders            PERUSAHAAN PUBLIK
 Direksi                                    172    Sistem Pelaporan Pelanggaran              220     s e o j k n o . 16/
 The Board of Directors                            Whistleblowing System
                                                                                                     s e o j k .04/2021:
 Penilaian Atas Kinerja Komite Pendukung    180    Kebijakan Antikorupsi                     223
                                                                                                     annual report of public
 Tugas Direksi                                     Anti-Corruption Policy
 Performance Evaluation Of The Board Of                                                              c o m pa n y
                                                   Penerapan Tata Kelola Perusahaan          224
 Directors Committee
                                                   Terbuka

                                                                                                     325
 Dewan Komisaris                            181    Corporate Governance Implementation of
 The Board of Commissioners                        Public Companies


                                                                                                     DAFTAR PENGUNGKAPAN
 Penilaian Kinerja Direksi dan Dewan        181




                                                  230
 Komisaris
 Performance Evaluation of The Board of                                                              SESUAI
                                                                                                     PERATURAN OTORITAS
 Directors and The Board of Commissioners

                                                                                                     JASA KEUANGAN NOMOR
 Penilaian Atas Kinerja Komite Pendukung    187

                                                  TANGGUNG
 Tugas Dewan Komisaris
 Evaluation of The Performance of The                                                                51/POJK.03/2017
 Board of Commissioners Committee
 Nominasi dan Remunerasi Dewan              189   JAWAB SOSIAL &                                     l i st o f d i s c lo s u r e bas e d o n
                                                                                                     p o j k n o .51/ p o j k .03/2017
                                                  LINGKUNGAN
 Komisaris dan Direksi
 Nomination and Remuneration of Board of


                                                                                                     327
 Commissioners and Board of Directors
 Komite Audit                               191   c o r p o r at e s o c i a l
 Audit Committee                                  responsibility
 Komite Nominasi dan Remunerasi             197                                                      LEMBAR UMPAN BALIK
                                                   Tentang Laporan Keberlanjutan             233
 Nomination and Remuneration Committee             About Sustainability Report                       f e e d bac k s h e e t
 Komite di bawah Direksi                    197




                                                                                                     328
                                                   Ikhtisar Kinerja Keberlanjutan            234
 Committees under Board of Directors               Sustainability Performance Highlights
 Sekretaris Perusahaan                      198    Memberikan Manfaat yang Optimal bagi      259
 Corporate Secretary                               Pemegang Saham
 Audit Internal                             206    Providing Optimal Benefits to

                                                                                                     LAPORAN
 Internal Audit                                    Shareholders
                                                   Berkomitmen untuk Menjaga Lingkungan      263
                                                                                                     KEUANGAN
 Sistem Pengendalian Internal               210
 Internal Control System                           yang Lestari
                                                   Committed to Maintaining a Sustainable
 Sistem Manajemen Risiko                    213    Environment                                       f i n a n c i a l s tat e m e n t
 Risk Management System
                                                   Pengelolaan Human Capital                 275
 Perkara Hukum                              215    Human Capital Management
 Legal Cases
                                                   Bersama Membangun Komunitas yang          289
 Sanksi Administratif                       215    Mandiri
 Administrative Sanction                           SEOJK No. 16/SEOJK.04/2021:
                                                   Annual Report of Public Company
 Pedoman Perilaku                           216
 Code of Conduct                                   Tanggung Jawab Pengembangan Produk        303
                                                   dan Jasa Berkelanjutan
                                                   Responsibility for Sustainable Products
                                                   and Services




2023 ANNUAL REPORT                                                                                 P T E R A J AYA S WA S E M B A D A T B K      1
Page 4
    CREATING




2   P T E R A J AYA S WA S E M B A D A T B K   L A P O R A N TA H U N A N 2 0 2 3
Page 5
                                                                Dinamika yang terjadi sepanjang 2023,
                                                                termasuk kondisi ketidakpastian global,
                                                                pemulihan     perekonomian    nasional,
                                                                 maupun antisipasi Pemilihan Umum
                                                                 2024, juga membawa dampak bagi pola
                                                                 konsumsi dan gaya hidup masyarakat di
                                                                  Indonesia. Mencermati perkembangan
                                                                  tersebut, PT Erajaya Swasembada
                                                                   Tbk (“Erajaya” atau “Perseroan”)
                                                                 bergerak cepat melanjutkan strategi
                                                            pertumbuhan yang telah mulai dirintis
                                                         tahun sebelumnya, dengan fokus pada ekspansi
                                                          jaringan ritel dari berbagai brand di bawah
                                                           Erajaya Group. Ekspansi ini, termasuk
                                                            ke kota-kota tier-2 dan -3 di Indonesia,
                                                             bertujuan untuk menangkap potensi
                                                              permintaan di pasar dan melakukan
                                                              penetrasi ke pasar yang baru.

                                               Paralel dengan pengembangan gerai fisik, Perseroan
                                          juga mengembangkan layanan kanal distribusi online
                                        melalui platform e-commerce Eraspace, dan membangun
                                      strategi omnichannel yang menggabungkan pengalaman
                                    berbelanja offline dan online secara seamless. Selain
                                   perluasan footprint ritel, strategi pertumbuhan Erajaya juga
                                  mencakup pengembangan lebih lanjut pada vertikal bisnis yang
                                sudah ada, terutama melalui penambahan beberapa brand baru.

                           Melalui langkah-langkah tersebut, Erajaya terus membangun
                         keunggulan dan meningkatkan daya saing sebagai pemain yang dominan
                     di pasarnya, dan dengan demikian mampu terus melayani permintaan
                     pelanggan, memaksimalkan nilai bagi pemegang saham, dan memastikan
                     momentum pertumbuhan bisnis yang berkelanjutan ke depan.


                     The dynamics that occured throughout 2023, including conditions of global uncertainty, national
                      economic recovery, and anticipation of the 2024 General Election, also have an impact on
                      consumption patterns and lifestyles of people in Indonesia. Observing these developments,
                       PT Erajaya Swasembada Tbk (“Erajaya” or the “Company”) moved quickly to continue the
                        growth strategy that had been initiated the previous year, with a focus on expanding the
                         retail network of various brands under the Erajaya Group. This expansion, including to tier-2
                          and -3 cities in Indonesia, aims to capture potential demand in the market and penetrate
                           new markets.

                           Parallel to the development of physical outlets, the Company is also developing online
                            distribution channel services through the Eraspace e-commerce platform, and building
                            an omnichannel strategy that seamlessly combines offline and online shopping
                             experiences. In addition to expanding its retail footprint, Erajaya’s growth strategy also
                              includes further development in existing business verticals, especially through the
                               addition of several new brands.

                                Through these initiatives, Erajaya continues to build advantage and increase
                                competitiveness as a dominant player in its market, and is thus able to continue
                                 serving customer demands, maximizing value for shareholders, and ensuring
                                  sustainable business growth momentum going forward.




2023 ANNUAL REPORT                                                      P T E R A J AYA S WA S E M B A D A T B K          3
Page 6
        ikhtisar kinerja




    IKHTISAR BISNIS
    BUSINESS HIGHLIGHTS



      JUMLAH GERAI RITEL                                               Per 31 Desember 2023
                                                                       As of December 31, 2023
      n u m b e r o f r eta i l o u t l ets




      2.049
      gerai
      Outlet




      97
      titik
      d i st r i b u s i
      Distribution Points




      +
           70.000
      r ese l l e r
      p i h a k k et i g a
      3rd Party Billed Outlet




     PENJUALAN NETO                                                                       LABA TAHUN BERJALAN
     n et s a l es                                                                        income for the y ear




     Rp
           60,14
     triliun
                                                                                                 Rp
                                                                                                      856,9
                                                                                                 miliar
     trillion                                                                                    billion


     Penjualan neto tahun 2023 naik 22% dibandingkan                                             Laba tahun berjalan sebesar
     Rp49,47 triliun pada tahun sebelumnya. Sumber                                               Rp856,9 miliar dibandingkan
     pendapatan terbesar berasal dari penjualan telepon selular
                                                                                                 Rp1,08 triliun di tahun sebelumnya.
     dan tablet dengan kontribusi sebesar 80%.

     Net sales in 2023 increased by 22% compared to Rp49.47 trillion                             Income for the year amounted to
     in the previous year. The largest source of revenue is derived from                         Rp856,9 billion compared to Rp1.08
     sales of cellular phones and tablets with a contribution of 80%.                            trillion in the previous year.




4   P T E R A J AYA S WA S E M B A D A T B K                                                                           L A P O R A N TA H U N A N 2 0 2 3
Page 7
                                                       performance highlights




     EKUITAS
     equity



                     Ekuitas naik 13% dari Rp7,20
      Rp
           8,13
      triliun
                     triliun pada akhir tahun 2022.

                     Equity increased by 13% from
                     Rp7.20 trillion at end of 2022.
      trillion




2023 ANNUAL REPORT                                     P T E R A J AYA S WA S E M B A D A T B K   5
Page 8
              ikhtisar kinerja




    IKHTISAR DATA KEUANGAN
    PENTING                                  [POJK C.3]


    SUMMARY OF KEY FINANCIAL DATA
                                                                    Dalam jutaan Rupiah Kecuali dinyatakan lain | In million Rupiah except otherwise stated

                                                    2021                     2022                  2023


                                                                                                                         Consolidated Statement of Profit
    Laporan Laba Rugi dan Penghasilan
                                                                                                                        or Loss and Other Comprehensive
    Komprehensif Lain Konsolidasian
                                                                                                                                                 Income

    Penjualan Neto                                   43.466.977               49.471.484            60.139.406                                    Net Sales

    Beban Pokok Penjualan                            38.661.090               44.109.940            53.691.637                           Cost of Good Sold

    Laba Bruto                                        4.805.887                5.361.544             6.447.769                                  Gross profit

    Laba Usaha                                        1.659.382                1.792.980             1.845.583                      Income from Operation

    Laba Sebelum Pajak Penghasilan                    1.495.065                1.497.340             1.241.815                 Income Before Tax Expense

    Laba Tahun Berjalan                               1.117.917                1.076.555               856.861                            Profit for the Year

    Laba Komprehensif Tahun Berjalan                  1.116.239                1.113.315               790.849         Comprehensive Income for the Year

    Laba Tahun Berjalan yang Diatribusikan                                                                              Income for the Year Attributable to:
    Kepada:

      Pemilik Entitas Induk                           1.012.376                1.012.873               826.050             Owners of the Parent Company

      Kepentingan non pengendali                          105.541                   63.682                30.811                  Non-Controlling Interest

    Laba Komprehensif yang Diatribusikan                                                                               Comprehensive Income for the Year
    Kepada:                                                                                                                              Attributable to:

      Pemilik Entitas Induk                           1.013.417                1.035.115               778.052             Owners of the Parent Company

      Kepentingan Nonpengendali                           102.822                   78.200                12.797                  Non-Controlling Interest

    Laba per Saham Dasar (Rp)                                 64                       64                    52              Basic Earnings per Share (Rp)

    Laporan Posisi Keuangan                                                                                          Consolidated Statement of Financial
    Konsolidasian                                                                                                                               Position

    Aset Lancar                                       6.624.347               11.217.076            12.964.557                              Current Assets

    Aset Tidak Lancar                                 4.747.878                5.841.142             7.482.895                         Non-Current Assets

    Jumlah Aset                                      11.372.225               17.058.218            20.447.452                                 Total Assets

    Liabilitas Jangka Pendek                          4.279.452                9.021.227            10.330.316                            Current Liabilites

    Liabilitas Jangka Panjang                             630.411                834.128             1.986.362                       Non-Current Liabilites

    Jumlah Liabilitas                                 4.909.863                9.855.355            12.316.678                              Total Liabilities

    Ekuitas                                           6.462.362                7.202.863             8.130.774                                        Equity

    Kepentingan Nonpengendali                             323.422                460.477               807.373                    Non-Controlling Interest

    Jumlah Liabilitas dan Ekuitas                    11.372.225               17.058.218            20.447.452                  Total Liabilities and Equity

    Modal Kerja Bersih                                2.344.895                2.195.849             2.634.240                        Net Working Capital




6      P T E R A J AYA S WA S E M B A D A T B K                                                                            L A P O R A N TA H U N A N 2 0 2 3
Page 9
                                                                  performance highlights




                                         2021     2022     2023


   Rasio Keuangan                                                                                 Financial Ratio

   Jumlah Liabilitas/Jumlah Ekuitas       0,76     1,37            1,51              Total Liabilities/Total Equity

   Jumlah Liabilitas/Jumlah Aset          0,43     0,58            0,60             Total Liabilities/Total Assets

   Rasio Kas                              0,12     0,12            0,17                                Cash Ratio

   Rasio Lancar                           1,55     1,24            1,26                             Current Ratio

   Rasio Usaha                                                                                    Business Ratio

   Laba Usaha/Penjualan Neto              3,8%     3,6%            3,1%        Income from Operations/Net Sales

   Laba Tahun Berjalan/ Penjualan Neto    2,6%     2,2%            1,4%            Income for the Year/Net Sales

   Laba Usaha/Jumlah Aset                 0,15     0,11            0,09     Income from Operations/Total Assets

   Laba Tahun Berjalan/Jumlah Aset        0,10     0,06            0,04         Income for the Year/Total Assets

   Laba Usaha/Ekuitas                     0,26     0,25            0,23           Income from Operations/Equity

   Laba Tahun Berjalan/Ekuitas            0,17     0,15            0,11               Income for the Year/Equity

   Price-earnings Ratio                   9,42     6,14            8,14                    Price - Earnings Ratio

   Rasio Lain-Lain                                                                                         Ratios

   Gross Profit Margin                   11,06%   10,84%      10,72%                          Gross Profit Margin

   Net Profit Margin                     2,57%    2,18%           1,42%                         Net Profit Margin

   Return on Equity                       0,17     0,15            0,11                         Return on Equity

   Return on Assets                       0,10     0,06            0,04                         Return on Assets

   Liabilitas Jangka Pendek Terhadap      0,66     1,25            1,27                 Current Liabilities/Equity
   Ekuitas

   Liabilitas Jangka Panjang Terhadap     0,10     0,12            0,24            Non-current Liabilities/Equity
   Ekuitas




2023 ANNUAL REPORT                                                P T E R A J AYA S WA S E M B A D A T B K            7
Page 10
        ikhtisar kinerja




                                                         LABA KOMPREHENSIF
         PENJUALAN NETO                                  TAHUN BERJALAN
         n et s a l es                                   co m p r e h e n s i v e i n co m e fo r t h e y ea r

         (Dalam Rp juta | In Rp million)                 (Dalam Rp juta | In Rp million)


               43.466.977 49.471.484 60.139.406                 1.116.239          1.113.315      790.849




                  2021               2022      2023               2021               2022          2023

            Meningkat sebesar
                  Increased by             21,6%               Turun sebesar
                                                                Decreased by          29,0%

         LABA TAHUN BERJALAN                             TOTAL ASET
         income for the y ear                            tota l a ssets

         (Dalam Rp juta | In Rp million)                 (Dalam Rp juta | In Rp million)


                1.117.917          1.076.555   856.861         11.372.225 17.058.218 20.447.452




                  2021               2022      2023               2021               2022          2023

              Turun sebesar
               Decreased by           20,4%                 Meningkat sebesar
                                                                  Increased by             19,9%




8   P T E R A J AYA S WA S E M B A D A T B K                                                L A P O R A N TA H U N A N 2 0 2 3
Page 11
                                                                                                                                      performance highlights




  IKHTISAR SAHAM
  STOCK HIGHLIGHTS


   Harga Saham
   Stock Price

                                                                             Harga           Harga                Harga
                                                                                                                                      Jumlah Saham            Kapitalisasi Pasar
   Triwulan                           Tahun            Volume               Tertinggi       Terendah             Terakhir
                                                                                                                                         Beredar             Market Capitalization
    Quarter                            Year            Volume             Highest Price    Lowest Price         Last Price
                                                                                                                                     Number of Shares                (Rp)
                                                                              (Rp)            (Rp)                 (Rp)


                  I                   2023             3.797.037.200               580               378                 500            15.950.000.000            7.973.703.280.950

                                      2022             2.713.658.000               605               520                 554            15.950.000.000            8.837.426.357.100

                II                    2023             2.561.327.000               560               432                 458            15.950.000.000            7.299.005.329.550

                                      2022             2.897.855.100               610               482                 502            15.950.000.000            7.999.394.233.050

              III                     2023             3.862.948.500               545               440                 452            15.950.000.000            7.209.400.000.000

                                      2022             2.602.869.700               525               410                 414            15.950.000.000            6.603.300.000.000

            IV                        2023             2.738.728.500               454               326                 426            15.950.000.000            6.794.700.000.000

                                      2022             1.537.660.700               442               376                 392            15.950.000.000            6.252.400.000.000




  Pergerakan Saham dan Volume Perdagangan 2022
  Share Price Movements and Trading Volume 2022

                                700                                                                                                                      250.000

                                600




                                                                                                                                                                     Volume (rb) | Volume (ts)
                                                                                                                                                         200.000
      Harga (Rp) | Price (Rp)




                                500

                                400                                                                                                                      150.000

                                300                                                                                                                      100.000
                                200
                                                                                                                                                         50.000
                                100

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

                                               Harga Penutupan | Closing Price             Volume | Volume



  Pergerakan Saham dan Volume Perdagangan 2023
  Share Price Movements and Trading Volume 2023


                                600                                                                                                                      400.000

                                                                                                                                                         350.000
                                                                                                                                                                     Volume (rb) | Volume (ts)




                                500
      Harga (Rp) | Price (Rp)




                                                                                                                                                         300.000
                                400
                                                                                                                                                         250.000

                                300                                                                                                                      200.000

                                                                                                                                                         150.000
                                200
                                                                                                                                                         100.000
                                100
                                                                                                                                                         50.000

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

                                               Harga Penutupan | Closing Price             Volume | Volume




2023 ANNUAL REPORT                                                                                                                   P T E R A J AYA S WA S E M B A D A T B K                    9
Page 12
            ikhtisar kinerja




     INFORMASI MENGENAI
     AKSI KORPORASI
     INFORMATION ON CORPORATE ACTION

     Sepanjang tahun 2023 Perseroan tidak melakukan aksi korporasi   Throughout 2023, the Company did not carry out any corporate
     yang berpengaruh pada jumlah saham, harga saham, dan            actions that affect the number of shares, share prices and
     kepentingan pemegang saham.                                     shareholder interests.




     PERNYATAAN TIDAK TERJADINYA
     PENGHENTIAN SEMENTARA
     PERDAGANGAN SAHAM
     DAN/ATAU PENGHAPUSAN
     PENCATATAN SAHAM
     STATEMENT OF ZERO SUSPENSION
     AND/OR DELISTING OF SHARES


     Sepanjang tahun 2023, Perseroan tidak pernah dikenakan sanksi   In 2023, the Company was not imposed any sanction related
     terkait penghentian sementara perdagangan saham maupun          to the suspension or delisting of shares on stock exchange
     penghapusan pencatatan saham di bursa efek yang diakibatkan     because of violation against stock market regulation.
     pelanggaran ketentuan yang berlaku di bursa.




10      P T E R A J AYA S WA S E M B A D A T B K                                                     L A P O R A N TA H U N A N 2 0 2 3
Page 13
                                                                                        performance highlights




  INFORMASI OBLIGASI, SUKUK,
  DAN/ATAU OBLIGASI KONVERSI
  INFORMATION ON BONDS, SUKUK,
  AND/OR CONVERTIBLE BONDS


  Perseroan melalui anak usahanya Erajaya Digital Pte. Ltd. telah   The Company through its subsidiary Erajaya Digital Pte. Ltd.
  menerbitkan obligasi global senilai SG$50 juta di Singapura.      has issued global bonds worth SG$50 million in Singapore.
  Erajaya Digital merupakan perseroan terbatas yang didirikan       Erajaya Digital is a private company established under Singapore
  dan tunduk berdasarkan hukum negara Singapura. Kupon atas         law. The coupon for the global bond is set to 4.5%, while
  obligasi global tersebut sebesar 4,5% dengan pembayaran           the payment will be made every 6 months until August 24,
  kupon akan dilakukan setiap 6 bulan sekali sampai dengan          2026. The global bond is guaranteed by Credit Guarantee and
  24 Agustus 2026. Obligasi global tersebut dijamin oleh            Investment Facility (CGIF), and the lead underwriters for this
  Credit Guarantee and Investment Facility (CGIF) dan penjamin      global bond are Morgan Stanley Asia (Singapore) Pte. and
  pelaksana efek dalam penerbitan global bond ini adalah Morgan     DBS Bank Ltd. The global bonds issued by Erajaya Digital has
  Stanley Asia (Singapore) Pte. dan DBS Bank Ltd. Obligasi global   secured an “AA” rating from Standard & Poor’s (S&P).
  yang diterbitkan oleh Erajaya Digital telah mendapat peringkat
  “AA” dari Standard & Poor’s (S&P).




2023 ANNUAL REPORT                                                                     P T E R A J AYA S WA S E M B A D A T B K        11
Page 14
          ikhtisar kinerja




     PERISTIWA
     PENTING 2023
     2023 EVENT HIGHLIGHTS


                                                 Erajaya Digital meresmikan gerai Apple Premium Partner pertama di
                                                 Indonesia yang berlokasi di Plaza Indonesia. Gerai ini juga merupakan iBox
                                                 pertama yang dibuka di Indonesia pada tahun 2005 dengan luas 219 m2.
                                                 iBox Apple Premium Partner menawarkan beragam rangkaian lini produk
                                                 Apple yang tersedia di Indonesia, seperti iPhone, iPad, Apple Watch, Mac,
                                                 serta aksesori seperti AirPods dan AirTags. iBox juga akan menyediakan
                                                 aksesoris pihak ketiga, layanan purna jual, serta produk dan solusi terkait
                                                 UKM.


                                                 Erajaya Digital inaugurated the first completely new Apple Premium
                                                 Partner outlet in Indonesia, located at Plaza Indonesia. This outlet is
                                                 also the first iBox to open in Indonesia in 2005 with an area of 219 m2.
                                                 iBox Apple Premium Partner offers a wide range of Apple product lines
              17 MARET | MARCH 17                available in Indonesia, including the iPhone, iPad, Apple Watch, Mac, and
                                                 accessories like AirPods and AirTags. The iBox will also provide third-
                                                 party accessories, after-sales services, and products and solutions related
                                                 to SMEs.


                                                 Erajaya Active Lifestyle (EAL), penyedia solusi ritel dan distribusi
                                                 multibrand terkemuka di Indonesia dan MST Golf Group Berhad (MST
                                                 Golf), peritel khusus peralatan golf terbesar di Malaysia, menandatangani
                                                 nota kesepahaman (MoU) untuk menandai kiprah ritel perdana MST Golf
                                                 di Indonesia. ERAL dan MST Golf akan membentuk perusahaan patungan
                                                 untuk mendirikan dan mengoperasikan bisnis ritel golf dan pusat golf
                                                 indoor dengan merek “MST GOLF” dan “MST GOLF ARENA”.


                                                 Erajaya Active Lifestyle (EAL), a leading provider of multi-brand retail
                                                 and distribution solutions in Indonesia and MST Golf Group Berhad (MST
                                                 Golf), Malaysia’s largest specialized retailer of golf equipment, signed a
                                                 Memorandum of Understanding (MoU) marking MST Golf’s first foray into
                                                 the Indonesian golf retailing market. ERAL and MST Golf will create a joint
                19 APRIL | APRIL 19              venture company to undertake the establishment and operation of golf
                                                 retail business and indoor golf centres under the brand name “MST GOLF”
                                                 and “MST GOLF ARENA” brands respectively.


                                                 Perseroan berkolaborasi dengan Kementerian Koperasi dan UKM dalam
                                                 program pengembangan rantai pasok di bidang perdagangan ritel dan
                                                 aksesoris bagi mitra usaha mikro. Penandatanganan nota kesepakatan
                                                 dilakukan oleh Wakil Direktur Utama Perseroan Hasan Aula dan Deputi
                                                 Bidang Usaha Mikro Yulius, disaksikan oleh Menteri Koperasi dan UKM
                                                 Teten Masduki, di Hotel Mercure Alam Sutera Tangerang. Sinergi ini
                                                 bertujuan untuk mewujudkan implementasi dan kolaborasi program
                                                 tanggung jawab sosial perusahaan dalam pola rantai pasok bagi para
                                                 mitra usaha mikro.


                                                 The Company collaborates with the Ministry of Cooperatives and SMEs in
                                                 a supply chain development program in the retail trade and accessories
                                                 sector for micro business partners. The signing of a memorandum of
                   5 JUNI | JUNE 5               understanding was carried out by the Company’s Deputy President
                                                 Director Hasan Aula and Deputy for Micro Business Yulius, witnessed by
                                                 the Minister of Cooperatives and SMEs Teten Masduki, at the Mercure Alam
                                                 Sutera Hotel, Tangerang. This synergy aims to realize the implementation
                                                 and collaboration of corporate social responsibility programs in a supply
                                                 chain pattern for micro business partners.




12    P T E R A J AYA S WA S E M B A D A T B K                                                L A P O R A N TA H U N A N 2 0 2 3
Page 15
                                                               performance highlights




                                Perseroan meresmikan pembangunan distribution center yang akan
                                menjadi ujung tombak dari strategi rantai pasok Erajaya Group di masa
                                mendatang. Pembangunan sentra distribusi seluas 1,7 hektar yang
                                berlokasi di Kompleks Griya Idola Industrial Park, Cikupa, Kabupaten
                                Tangerang ditandai dengan peletakan batu pertama dan pemancangan
                                tiang pertama oleh jajaran manajemen Erajaya Group. Sentra distirbusi
                                Erajaya ini direncanakan beroperasi pada awal 2025.


                                The company inaugurated the construction of distribution center which will
                                be the spearhead of Erajaya Group’s supply chain strategy in the future.
                                The construction of a 1.7 hectares distribution center located in the Griya
                                Idola Industrial Park Complex, Cikupa, Tangerang Regency was marked by
                                the laying of the first stone and the erection of the first pillar installation
            19 JUNI | JUNE 19   by the management of the Erajaya Group. The Erajaya distribution center
                                is planned to operate in early 2025.




                                Perseroan menyelenggarakan Rapat Umum Pemegang Saham Tahunan
                                (RUPST) dengan sejumlah mata acara, termasuk persetujuan penetapan
                                penggunaan laba bersih Perseroan periode tahun buku yang berakhir pada
                                tanggal 31 Desember 2022 dan persetujuan atas perubahan susunan
                                pengurus Perseroan. RUPST menyetujui pembagian dividen tunai sebesar
                                Rp300 miliar sebelum pajak.


                                The Company held an Annual General Meeting of Shareholders (AGMS)
                                with several agendas, including approval on determination the use of the
                                Company’s net profit for the financial year ending 31 December 2022 and
                                approval of changes to the composition of the Company’s management.
                                The AGMS approved the distribution of cash dividends amounted to
                                Rp300 billion before tax.
            30 JUNI | JUNE 30




                                PT Sinar Eka Selaras atau Erajaya Active Lifestyle (EAL) bersiap menggelar
                                penawaran umum perdana saham atau initial public offering (IPO) dengan
                                menawarkan sebanyak-banyaknya 20% saham kepada publik. EAL
                                berencana menerbitkan sebanyak-banyaknya 1,03 juta lembar saham
                                baru atau setara dengan 20% dari jumlah modal ditempatkan dan disetor
                                penuh setelah IPO. Penawaran awal (bookbuilding) saham dengan kode
                                ticker ERAL dijadwalkan pada 14-26 Juli 2023. Surat pernyataan efektif
                                dari Otoritas Jasa Keuangan (OJK) diharapkan dapat diperoleh pada 31 Juli
                                2023. Setelah itu, penawaran umum akan dilaksanakan pada 2-4 Agustus
                                2023, dan pencatatan saham (listing) di Bursa Efek Indonesia (BEI) pada
                                8 Agustus 2023.


                                PT Sinar Eka Selaras (EAL) or Erajaya Active Lifestyle (EAL) prepared to
            17 JULI | JULY 17   hold an initial public offering (IPO) by offering up to 20% of its shares to
                                the public. EAL planned to issue a maximum of 1.03 million new shares
                                or the equivalent of 20% of the total issued and fully paid capital after
                                the IPO. The initial offering (bookbuilding) of shares with the ticker code
                                ERAL is scheduled for 14-26 July 2023. On 31 July, 2023, the Financial
                                Services Authority (OJK) is expected to issue an effective statement letter.
                                Following that, the public offering will take place on 2 – 4 August 2023,
                                followed by the listing of shares on the Indonesia Stock Exchange (IDX) on
                                8 August 2023.



2023 ANNUAL REPORT                                             P T E R A J AYA S WA S E M B A D A T B K           13
Page 16
         ikhtisar kinerja




                                                PT Sinar Eka Selaras Tbk (ERAL) telah resmi mencatatkan sahamnya
                                                di Bursa Efek Indonesia pada 8 Agustus 2023 melalui IPO dan berhasil
                                                memperolah dana sebesar Rp404,6 miliar melalui penerbitan 1,037 miliar
                                                saham baru di bursa. Saham ERAL sangat diminati investor sehingga
                                                mengalami kelebihan permintaan atau oversubscribed sebanyak 56,64
                                                kali. Dana hasil IPO akan digunakan untuk pengembangan bisnis eksisting,
                                                mendukung ekspansi bisnis baru, dan memenuhi kebutuhan modal kerja
                                                Perseroan.


                                                PT Sinar Eka Selaras Tbk (ERAL) has officially listed its shares on the
                                                Indonesia Stock Exchange on 8 August 2023 through an IPO and
                                                succeeded in obtaining funds of Rp404.6 billion with the issuance of 1.037
                                                billion new shares on the stock exchange. ERAL shares attracted investors’
            8 AGUSTUS | AUGUST 8                interest so that they were oversubscribed by 56.64 times. Funds from the
                                                IPO will be used to develop existing businesses, support new business
                                                expansion, and meet the Company’s working capital needs.


                                                Immersive Tech (IT) meresmikan gerai pertamanya di Surabaya untuk
                                                memberikan kesempatan kepada masyarakat Surabaya menikmati
                                                pengalaman tinggal di rumah pintar melalui line up produk smart home
                                                yang bisa dicoba secara langsung. Merek IT saat ini memiliki 51 jenis
                                                portofolio produk perangkat pintar yang bisa dipasang di rumah dengan
                                                mudah dan saling terhubung sehingga bisa dikendalikan lewat aplikasi di
                                                smartphone. Gerai baru IT terletak di lantai 1 Pakuwon Mall Surabaya.


                                                Immersive Tech (IT) inaugurated its first outlet in Surabaya to provide the
                                                people of Surabaya the opportunity to enjoy the experience of living in a
                                                smart home through a line up of smart home products that can be tried
                                                directly. The IT brand currently has a portfolio of 51 types of smart device
                                                products that can be easily installed at home and connected to each other
          29 AGUSTUS | AUGUST 29                so that they can be controlled via an application on a smartphone. The new
                                                IT outlet is located on the 1st floor of Pakuwon Mall Surabaya.



                                                                         Erajaya Digital meresmikan Erajaya Digital
                                                                         Complex (EDC), sebuah retail space seluas 2
                                                                         hektar yang akan menjadi pusat gaya hidup digital
                                                                         pertama dan terlengkap. EDC yang berlokasi
                                                                         di kawasan Pantai Indah Kapuk 2 menawarkan
                                                                         pengalaman berbelanja yang unik melalui jajaran
                                                                         toko dari merek ritel terkenal milik Erajaya Group
                                                                         serta beragam brand terbaik lainnya dengan
                                                                         konsep semi open air dengan gerai-gerai yang
                                                                         berdiri sendiri dan terhubung melalui koridor
                                                                         yang bisa dilalui oleh pengunjung yang ingin
                                                                         berbelanja sambil menikmati suasana santai.


                                                                         Erajaya Digital inaugurated Erajaya Digital
                                                                         Complex (EDC), a 2-hectare retail space that
                                                                         will become the first and most complete digital
                                                                         lifestyle center. EDC located in Pantai Indah
                                                                         Kapuk 2 area, offering a unique shopping
                                                                         experience through a line of stores from well-
                                                                         known retail brands of Erajaya Group and various
                                                                         other best brands adopted a semi open-air
                                                                         concept, featuring standalone outlets connected
                                                                         by corridors, allowing visitors to shop while
                                                                         enjoying a relaxed atmosphere.
      13 SEPTEMBER | SEPTEMBER 13




14   P T E R A J AYA S WA S E M B A D A T B K                                                L A P O R A N TA H U N A N 2 0 2 3
Page 17
                                                                 performance highlights




                                  Erajaya Active Lifestyle meresmikan DJI Experience Store ke-9, yang
                                  sekaligus adalah gerai DJI terbesar di Indonesia saat ini dengan luas
                                  mencapai 108 m2, berlokasi di kawasan Erajaya Digital Complex (EDC).
                                  Dengan demikian, kini ada 7 gerai DJI Experience Store di Jabodetabek,
                                  satu gerai di Kota Medan dan satu gerai di Kota Surabaya, yang hadir
                                  menawarkan line up lengkap produk DJI meliputi drone, kamera aksi dan
                                  gimbal yang bisa didapatkan secara mudah dan nyaman.


                                  Erajaya Active Lifestyle inaugurated the 9th DJI Experience Store, which is
                                  currently the largest DJI store in Indonesia with a total area of 108 square
                                  meters, located in the Erajaya Digital Complex (EDC). With this addition,
                                  there are now 7 DJI Experience Stores in the Greater Jakarta area, one in
                                  the city of Medan, and one in the city of Surabaya. These stores offer a
        16 OKTOBER | OCTOBER 16   complete lineup of DJI products, including drones, action cameras, and
                                  gimbals, making it easy and convenient for customers to access these
                                  items.

                                  Erajaya Digital meresmikan toko iBox ke-100 yang berlokasi di kawasan
                                  Erajaya Digital Complex, Pantai Indah Kapuk 2. Peresmian ini menandai
                                  kiprah iBox sebagai Apple reseller terbesar di Indonesia dalam
                                  menghadirkan pengalaman berbelanja terbaik serta promo menarik bagi
                                  fans produk Apple untuk mendapatkan gadget idamannya.


                                  Erajaya Digital inaugurated its 100th iBox store located in the Erajaya Digital
                                  Complex, Pantai Indah Kapuk 2. This inauguration marks iBox’s journey
                                  as the largest Apple reseller in Indonesia, providing the best shopping
                                  experience and attractive promotions for Apple product enthusiasts to
                                  acquire their desired gadgets.


      18 NOVEMBER | NOVEMBER 18



                                  Erajaya Lifestile meresmikan grand opening gerai pertama 6IXTY8IGHT di
                                  Mall of Indonesia. 6IXTY8IGHT adalah perusahaan pakaian asal Asia yang
                                  menyediakan pakaian khusus wanita, mulai dari lingerie, pakaian tidur,
                                  pakaian dalam, apparel, dan aksesoris.


                                  Erajaya Lifestile inaugurated the grand opening of the first 6IXTY8IGHT
                                  outlet at Mall of Indonesia. 6IXTY8IGHT is a clothing company from
                                  Asia that provides clothing specifically for women, ranging from lingerie,
                                  sleepwear, underwear, apparel, and accessories.




      25 NOVEMBER | NOVEMBER 25



                                  Erajaya Active Lifestyle (ERAL) dan MST Golf meresmikan pembukaan
                                  gerai MST Golf Arena pertama di Indonesia yang berlokasi di La Piazza
                                  Summarecon Kelapa Gading, Jakarta Utara. MST Golf Arena siap
                                  melayani penggemar golf, mulai dari penikmat baru, hingga pemain
                                  yang berpengalaman, dengan layanan yang mencakup ritel, indoor golf,
                                  golf academy, club fitting, dan F&B, memastikan setiap pengunjung
                                  mendapatkan pengalaman berbelanja perlengkapan golf kelas dunia.


                                  Erajaya Active Lifestyle (ERAL) and MST Golf have officially opened the
                                  first MST Golf Arena outlet in Jakarta, Indonesia which is located at La
                                  Piazza Summarecon Kelapa Gading. MST Golf Arena poise to cater to a
                                  diverse range of enthusiasts from seasoned golfers to new golfers, with
                                  services that include retail, indoor golf, golf academy, club fitting, and F&B,
      26 DESEMBER | DECEMBER 26   delivering a world-class golf retail experience and environment.




2023 ANNUAL REPORT                                              P T E R A J AYA S WA S E M B A D A T B K            15
Page 18
          ikhtisar kinerja




     KALENDER KEGIATAN 2023
     2023 EVENT CALENDAR




                        21 FEBRUARI | FEBRUARY 21                                      3 - 9 APRIL | APRIL 3 – 9


           Erajaya Digital kembali menyelenggarakan “Erafone            Erajaya Active Lifestyle kembali menggelar UR Festival
           Fair” di Mall Artha Gading, Jakarta.                         2023, festival gaya hidup dan gadget IoT terbesar di
                                                                        Indonesia di Mall Kota Kasablanka bertepatan dengan
           Erajaya Digital is once again organizing “Erafone Fair” at   HUT Urban Republic yang ke-7.
           Mall Artha Gading, Jakarta.
                                                                        Erajaya Active Lifestyle hels UR Festival 2023, the
                                                                        biggest IoT lifestyle and gadget festival in Indonesia at
                                                                        Kota Kasablanka Mall to coincide with Urban Republic’s
                                                                        7th anniversary.




                        30 JANUARI – 5 FEBRUARI
                                                                                    10 - 16 APRIL | APRIL 10 – 16
                         JANUARY 30 – FEBRUARY 5

           Erajaya Digital meresmikan acara iBoxing Week 2023           Erajaya Digital meresmikan iBoxing Week 2023 yang
           terbesar sepanjang sejarahnya di Lippo Mall Puri             digelar serentak di Ratu Indah Mall, Makassar, dan
           Jakarta.                                                     Summarecon Mall Serpong, Tangerang.

           Erajaya Digital inaugurates the biggest iBoxing Week         Erajaya Digital inaugurated iBoxing Week 2023 which
           2023 event in its history held at Lippo Mall Puri Jakarta.   was held simultaneously at Ratu Indah Mall, Makassar,
                                                                        and Summarecon Mall Serpong, Tangerang.




                           13 MARET | MARCH 13                                           14 APRIL | APRIL 14


           Jaringan Apotek Wellings, anak perusahaan Erajaya            Erajaya Digital meresmikan 51 gerai ritel baru yang
           Beauty and Wellness (EBW) bekerja sama untuk                 tersebar di Pulau Jawa, Kalimantan, Maluku, Sumatera,
           pengembangan sumber daya manusia di bidang farmasi           dan Sulawesi.
           dengan Universitas Indonesia dan Universitas Pancasila.
                                                                        Erajaya Digital inaugurated 51 new retail outlets across
           Wellings Pharmacy, a subsidiary of Erajaya Beauty            the islands of Java, Kalimantan, Maluku, Sumatra and
           and Wellness (EBW) collaborated to develop human             Sulawesi.
           resources in the pharmaceutical sector with the
           University of Indonesia and Pancasila University.




16    P T E R A J AYA S WA S E M B A D A T B K                                                              L A P O R A N TA H U N A N 2 0 2 3
Page 19
                                                                                        performance highlights




                         15 APRIL | APRIL 15                                          25 JUNI | JUNE 25


        PT Erablu Elektronik, perusahaan patungan antara           Erajaya Active Lifestyle melalui Urban Republic
        Erajaya Digital Indonesia dan Mobile World Group           mengadakan acara URMAZING RUN 2023 yang
        Vietnam, mengajak mitra usahanya untuk bersama-            memadukan olahraga lari dan tantangan unik yang
        sama mengembangkan industri elektronik Indonesia.          melibatkan gadget.

        PT Erablu Elektronik, a joint venture between Erajaya      Erajaya Active Lifestyle through Urban Republic held the
        Digital Indonesia and Mobile World Group Vietnam,          URMAZING RUN 2023 event which combines running
        invites its business partners to jointly develop the       sports and unique challenges involving gadgets.
        Indonesian electronics industry.




                           2 JUNI | JUNE 2                                    19 NOVEMBER | NOVEMBER 19


        Erajaya Digital mengumumkan kompetisi fotografi            Erajaya Group menyelenggarakan bursa kerja Erajaya
        menggunakan iPhone yaitu iBoxgraphy Grant 2023             Career Fest 2023 di Lantai 5 Menara Tendean (MTen)
        yang berlangsung pada tanggal 22 Mei hingga 18 Juni        dengan menawarkan berbagai peluang kerja bagi para
        2023.                                                      profesional berpengalaman di berbagai bidang seperti
                                                                   akuntansi, keuangan, manajemen toko, pemasaran,
        Erajaya Digital announced a photography competition        penjualan, posisi merchandising, IT, dan frontliner.
        using iPhone, namely iBoxgraphy Grant 2023 which
        will take place from 22 May to 18 June 2023.               Erajaya Group organized the Erajaya Career Fest 2023
                                                                   job fair on the 5th floor of Menara Tendean (MTen)
                                                                   by offering various job opportunities for experienced
                                                                   professionals in fields such as accounting, finance, store
                                                                   management, marketing, sales, merchandising, IT, and
                                                                   frontliner positions.




                          20 JUNI | JUNE 20                                6 - 20 NOVEMBER | NOVEMBER 6 - 20


        Erajaya Group hadir di Jakarta Fair Kemayoran 2023         Erajaya Digital menyelenggarakan acara tahunan
        dengan menghadirkan gerai-gerai yang menawarkan            bertajuk “Masterclass by Erafone 2023” yang
        produk telekomunikasi, aksesoris, Internet of Things       mempertemukan para pakar bersertifikat dengan para
        (IoT), dan produk gaya hidup aktif kepada pengunjung       pecinta fotografi, anggota setia Erafone, dan komunitas.
        pameran.                                                   Puncak Masterclass by Erafone 2023 adalah pertemuan
                                                                   komunitas hybrid yang berlangsung di Pantai Indah
        Erajaya Group participated in the Jakarta Fair Kemayoran   Kapuk 2.
        2023 by presenting outlets offering telecommunication
        products, accessories, Internet of Things (IoT), and       Erajaya Digital organized the annual event titled
        active lifestyle goods to exhibition visitors.             “Masterclass by Erafone 2023” bringing together
                                                                   certified experts with photography enthusiasts, loyal
                                                                   Erafone members, and the community. The highlight of
                                                                   Masterclass by Erafone 2023 was a hybrid community
                                                                   gathering scheduled to take place at Pantai Indah Kapuk
                                                                   2.


2023 ANNUAL REPORT                                                                     P T E R A J AYA S WA S E M B A D A T B K   17
Page 20
          ikhtisar kinerja




      PENGHARGAAN 2023
      2023 AWARDS




                                 1                       2




                                                                          3                    4




                         Jenis Sertifikasi/Penghargaan       Pemberi Penghargaan     Waktu            Lokasi
     No
                                     Awards                   Awarding Institution   Date            Location


     1      Prestigius TOP Digital PR Award 2023             Top Brand               March            Jakarta


     2
            Brand Private Immerserve Tech (IT) Best          20th Selular Award       July            Jakarta
            Brand for Smarthome Device

     3
            HR Excellence Award: Reward Management           HR Excellence Award      July            Jakarta
            & Talent Retention Strategy

     4
            HR Excellence Award: Wellbeing                   HR Excellence Award      July            Jakarta
            Management

     5
            HC Resilience Award: The Best in Workforce       HC Resilience Award      July            Jakarta
            Flexibility & Mobility




18    P T E R A J AYA S WA S E M B A D A T B K                                        L A P O R A N TA H U N A N 2 0 2 3
Page 21
                                                                      performance highlights




               5                   6               7




                                                       8                  9                10




                   Jenis Sertifikasi/Penghargaan       Pemberi Penghargaan        Waktu            Lokasi
    No
                               Awards                   Awarding Institution      Date            Location


    6    HC Resilience Award: Most Innovative HR       HC Resilience Award         July            Jakarta


    7
         HR Excellence Awards 2023 – Excellence in     Human Resources
                                                                                  August           Jakarta
         CSR Strategy (Bronze)                         Online Net


    8
         HR Excellence Awards 2023 – Excellence in     Human Resources
                                                                                  August           Jakarta
         Workforce Flexibility (Gold)                  Online Net


    9
         HR Excellence Awards 2023 – Excellence in     Human Resources
                                                                                  August           Jakarta
         Business Transformation (Gold)                Online Net

                                                       SW & Stern Value
    10   SWA100 Wealth Added Index                     Management
                                                                                 October           Jakarta




2023 ANNUAL REPORT                                                   P T E R A J AYA S WA S E M B A D A T B K   19
Page 22
          ikhtisar kinerja




                               11                        12




                                                                        13                       14




                         Jenis Sertifikasi/Penghargaan        Pemberi Penghargaan      Waktu            Lokasi
     No
                                     Awards                    Awarding Institution    Date            Location


     11
           Indonesia Best Company in Creating Leaders         SWA & NBO               November          Jakarta
           from Within 2023
                                                              Asosisi Analis Efek
     12
           CSA Awards 2023 - The Best Consumer                Indonesia dan CSA       November          Jakarta
           Cyclicals Sector on the Main Board                 Community


     13
           Indonesia Customer Experience Champion             SWA                     December          Jakarta
           2023

     14    Indonesia Digital Marketing Champions 2023         SWA                     December          Jakarta




20   P T E R A J AYA S WA S E M B A D A T B K                                           L A P O R A N TA H U N A N 2 0 2 3
Page 23
                                                                    performance highlights




                   Jenis Sertifikasi/Penghargaan    Pemberi Penghargaan          Waktu            Lokasi
    No
                               Awards                Awarding Institution        Date            Location


    15   Silver Award category Consumer Cyclicals   Finance Asia                  June           Hongkong

    16   5 Star Employer of Choice                  HRD Asia                      June           Singapore

    17   Best Corporate Digital Transformation      20th Selular Award            July            Jakarta


    18
         HR Excellence Award: HR Digitization and   HR Excellence Award           July            Jakarta
         People Analytic

    19
         HC Resilience Award: Excellence in HC      HC Resilience Award           July            Jakarta
         Management & Communication strategy

    20   2023 Top Corporate Award                   Top Brand                     July            Jakarta

    21   Top 100 Companies                          Fortune                      August           Jakarta


    22
         Harmoni Award 2023 - Erafone Electronic    Hippindo & EY                August           Jakarta
         Retail of the Year 2023

    23
         The Best Improvement Safety Management     Indonesia Safety
                                                                               September          Jakarta
         Performance                                Excellence Award


    24
         The Best Company for Fast Learning in      Indonesia Safety
                                                                               September          Jakarta
         Safety Management                          Excellence Award

    25   Eraspace Best Innovation in Retail         Midtrans                   November           Jakarta




2023 ANNUAL REPORT                                                  P T E R A J AYA S WA S E M B A D A T B K   21
Page 24

          
Page 25
02
LAPORAN
MANAJEMEN
MANAGEMENT REPORTS




P T E R A J AYA S WA S E M B A D A T B K   L A P O R A N TA H U N A N 2 0 2 3
Page 26
      laporan manajemen




     LAPORAN
     DEWAN KOMISARIS
     REPORT OF THE BOARD
     OF COMMISSIONERS


                                                                 p e m a n g k u k e p e n t i n g a n ya n g t e r h o r m at ,
                                                                 distinguished shareholders,



                                                                 Dewan Komisaris mengapresiasi
                                                                 pencapaian kinerja Perseroan yang
                                                                 baik di tahun 2023. Direksi mampu
                                                                 mendorong pertumbuhan penjualan
                                                                 dengan menerapkan berbagai strategi
                                                                 pemasaran yang inovatif dan out of
                                                                 the box.

                                                                 The Board of Commissioners appreciates the
                                                                 achievement of the Company’s good performance in
                                                                 2023. The Board of Directors was able to encourage
                                                                 sales growth by implementing various innovative and
                                                                 out-of-the box marketing strategies.




                                    Ardy Hady Wijaya
                                    k o m i s a r i s u ta m a
                                    president commissioner




24   P T E R A J AYA S WA S E M B A D A T B K                                                            L A P O R A N TA H U N A N 2 0 2 3
Page 27
                                                                        management reports




                                        ita patut bersyukur      We should be grateful that PT Erajaya
                                        bahwa PT Erajaya         Swasembada Tbk (“the Company”)
                                        Swasembada Tbk           performed well in 2023, both financially
                                        (“Perseroan”) dapat      and in terms of vertical business
                                        melalui tahun 2023       development. All of this was undoubtedly
                                        dengan pencapaian        made possible by the grace and mercy of
                     kinerja yang baik, baik dari aspek          the Most Compassionate God, as well as
                     keuangan, maupun pengembangan               the hard work of all Company employees.
                     lebih lanjut seluruh bisnis vertikal yang
                     dimiliki. Semua ini tentu dapat terjadi
                     karena rahmat dan karunia Tuhan yang
                     Maha Pengasih serta kerja keras seluruh
                     insan Perseroan.


                     Pada kesempatan ini, izinkan kami untuk     On this occasion, allow us to convey
                     menyampaikan laporan pelaksanaan            the Board of Commissioners’ report on
                     tugas pengawasan Dewan Komisaris            the progress and management of the
                     atas perkembangan dan pengelolaan           Company for the financial year ending
                     Perseroan untuk tahun buku yang berakhir    December 31, 2023.
                     pada 31 Desember 2023.


                     PANDANGAN ATAS KONDISI                      EXTERNAL REVIEW
                     EKSTERNAL
                     Risiko dan ketidakpastian perekonomian      The risks and uncertainties of the global
                     global di tahun 2024 sudah terlihat sejak   economy in 2024 have become apparent
                     akhir tahun 2023. Meskipun terdapat         since late 2023. Despite indications of
                     indikasi pemulihan ekonomi dari dampak      economic recovery from the pandemic
                     pandemi dan invasi Rusia ke Ukraina,        and Russia’s invasion of Ukraine, progress
                     namun pemulihan tersebut masih berjalan     remains slow and uneven. International
                     lambat dan tidak merata. Lembaga            financial institutions revised their global
                     keuangan internasional telah beberapa       growth forecasts for 2024 several times,
                     kali merevisi turun prospek pertumbuhan     citing concerns about more aggressive
                     global tahun 2024 yang mencerminkan         monetary tightening policies, deteriorating
                     kekhawatiran atas kebijakan pengetatan      global financial market conditions, and
                     moneter yang lebih agresif, memburuknya     declining investor confidence.
                     kondisi pasar keuangan global, dan
                     menurunnya tingkat kepercayaan investor.


                     Di tengah melambatnya perekonomian          Despite the slowing global economy
                     global dan menurunnya harga komoditas       and falling prices for major export
                     ekspor utama, Indonesia tetap mampu         commodities, Indonesia has maintained
                     menjaga ketahanan ekonomi yang relatif      relatively strong economic resilience. The
                     baik. Kinerja pertumbuhan tahun 2023        growth performance in 2023 reached
                     mampu mencapai 5,05%, walaupun              5.05%, albeit slower than 5.31% in 2022..
                     melambat dibandingkan 5,31% pada
                     tahun 2022.




2023 ANNUAL REPORT                                                  P T E R A J AYA S WA S E M B A D A T B K   25
Page 28
           laporan manajemen




     LAPORAN DEWAN KOMISARIS
     REPORT OF THE BOARD OF COMMISSIONER




     Indonesia terus menerapkan keseimbangan kebijakan fiskal dan           Indonesia continues to implement a balanced fiscal and monetary
     moneter yang mampu menjaga inflasi dan Rupiah relatif stabil,          policy that can maintain inflation and the stability of the rupiah, thus
     dengan demikian menopang stabilitas perekonomian dari dampak           supporting economic stability against the impact of global pressures,
     tekanan global, dengan didukung tingginya konsumsi domestik,           supported by high domestic consumption, investment, and a trade
     investasi, serta neraca perdagangan yang masih tetap surplus di        surplus amid pressures from declining global commodity prices.
     tengah tekanan penurunan harga komoditas global.


     Tahun 2023 adalah persiapan tahun politik berkaitan dengan             The year 2023 was a preparation for the political year as national
     penyelenggaraan pemilihan umum nasional (pemilu) pada bulan            elections were scheduled for February 2024. However, economic
     Februari 2024. Namun kondisi perekonomian sepanjang tahun              conditions throughout 2023 were considered still conducive so that
     2023 dinilai masih kondusif sehingga investasi pengembangan            investments for business development, both in the industry and
     usaha, baik di sektor industri maupun jasa relatif tidak terpengaruh   service sectors, was relatively unaffected by political contestation.
     oleh kontestasi politik Menurut laporan Kementerian Investasi/         According to the report of the Ministry of Investment/Investment
     Badan Koordinasi Penanaman Modal (BKPM), realisasi investasi           Coordinating Board (BKPM), investment realization in 2023 reached
     tahun 2023 mencapai Rp1.418,9 triliun, melampaui target sebesar        Rp1,418.9 trillion, exceeding the target of 101.3% and increased
     101,3% dan tumbuh 17,5% secara tahunan dibandingkan capaian            by 17.5% (yoy) compared to Rp1,207.2 trillon in 2022.
     2022 sebesar Rp1.207,2 triliun.

     PENILAIAN TERHADAP KINERJA DIREKSI                                     BOARD OF DIRECTORS’ PERFORMANCE
                                                                            ASSESSMENT
     Dewan Komisaris mengapresiasi pencapaian kinerja Perseroan             The Board of Commissioners appreciates the achievement of the
     yang baik di tahun 2023. Direksi mampu mendorong pertumbuhan           Company’s good performance in 2023. The Board of Directors was
     penjualan dengan menerapkan berbagai strategi pemasaran inovatif       able to encourage sales growth by implementing various innovative
     dan out of the box. Selain fokus untuk mengembangkan jaringan          and out-of-the box marketing strategies. Apart from focusing on
     pada bisnis ritel yang sudah dirintis 2 – 3 tahun sebelumnya,          developing the network in the retail business, which was initiated
     Perseroan juga memperkenalkan brand baru seperti 6ixty8ight            2–3 years previously, the Company also introduced new brands
     dengan produk fashion khusus untuk wanita, dan MST GOLF yang           such as 6ixty8ight, which offers fashion products specifically for
     diperuntukkan bagi para penggemar olahraga golf.                       women, and MST GOLF, which is intended for golf players.


     Sepanjang tahun 2023, Perseroan membuka 629 gerai baru yang            During 2023, the Company opened 629 new outlets spread across
     tersebar di semua bisnis vertikal sehingga Grup Erajaya telah          all vertical businesses, so that the Erajaya Group has 2,049 outlets
     memiliki 2.049 gerai di Indonesia, Malaysia, dan Singapura, yang       in Indonesia, Malaysia, and Singapore, supported by 97 distribution
     didukung 97 pusat distribusi, serta sekitar 70.000 reseller.           centers and around 70,000 resellers.


     Perseroan membukukan penjualan neto sebesar Rp60,1 triliun,            The company recorded net sales of Rp60.1 trillion and grew by
     tumbuh 21,6% dibandingkan Rp49,5 triliun pada tahun 2022               21.6% compared to Rp49.5 trillion in 2022, with a net profit of
     dengan perolehan laba bersih sebesar Rp856,9 miliar.                   Rp856.9 billion.


     Pada 8 Agustus 2023, salah satu anak perusahaan Grup Erajaya           On 8 August 2023, one of the Erajaya Group subsidiaries, PT Sinar
     yaitu PT Sinar Eka Selaras (setelah IPO menjadi PT Sinar Eka Selaras   Eka Selaras (after its IPO became PT Sinar Eka Selaras Tbk), which
     Tbk) yang menaungi bisnis Erajaya Active Lifestyle melakukan           oversees the Erajaya Active Lifestyle business, listed its shares on
     pencatatan saham di Bursa Efek Indonesia melalui initial public        the Indonesia Stock Exchange through an initial public offering (IPO)
     offering (IPO) dengan ticker code ERAL dengan menawarkan 1,037         with ticker code ERAL, offering 1.037 billion new shares. The IPO
     miliar lembar saham baru. IPO saham ERAL mendapat sambutan             of ERAL stock received a positive response from the market and
     yang positif dari pasar dan mengalami oversubscribed sebanyak          was oversubscribed 56.64 times, which shows the level of investor
     56,64 kali, yang menunjukkan tingkat kepercayaan investor terhadap     confidence in Erajaya’s performance and business prospects.
     kinerja dan prospek usaha Erajaya.




26       P T E R A J AYA S WA S E M B A D A T B K                                                                  L A P O R A N TA H U N A N 2 0 2 3
Page 29
                                                                                                    management reports




  PENGAWASAN DALAM PERUMUSAN DAN                                          SUPERVISION IN FORMULATION AND
  IMPLEMENTASI STRATEGI PERUSAHAAN                                        IMPLEMENTATION OF CORPORATE STRATEGY
  Dewan Komisaris melaksanakan fungsi pengawasan dan pemberian            The Board of Commissioners performs supervisory and advisory
  nasihat dengan berpedoman pada peraturan perundang-undangan,            functions according to laws and regulations, the Articles of
  Anggaran Dasar dan Piagam Dewan Komisaris.                              Association, and the Board of Commissioners Charter.


  Direksi telah menyampaikan Rencana Bisnis yang mencakup target-         At a joint meeting prior to the current fiscal year, the Board of
  target kinerja dan pengembangan usaha, serta strategi untuk             Directors submitted a Business Plan that included performance and
  mencapai target-target tersebut dalam rapat bersama sebelum             business development targets, as well as strategies for meeting
  tahun buku berjalan. Dalam forum tersebut, Dewan Komisaris secara       these targets. The Board of Commissioners actively expressed their
  aktif menyampaikan pandangan, masukan dan rekomendasinya                opinions, input, and recommendations based on their roles and
  sesuai fungsi dan kapasitas yang dimiliki. Rekomendasi Dewan            responsibilities. The Board of Commissioners’ recommendations
  Komisaris menjadi bagian dari proses perumusan strategi Perseroan.      are incorporated into the Company’s strategy formulation process.


  Dalam menjalankan fungsi pengawasan, Dewan Komisaris secara             In its supervisory function, the Board of Commissioners actively
  aktif memberikan arahan dan rekomendasi kepada Direksi. Pada            provides guidelines and recommendations to the Board of Directors.
  tahun 2023, Dewan Komisaris menyelenggarakan 13 (tiga belas) kali       In 2023, the Board of Commissioners held 13 (thirteen) meetings,
  rapat yang seluruhnya merupakan rapat gabungan Dewan Komisaris          all of which were joint meetings of the Board of Commissioners and
  dan Direksi. Di dalam forum rapat gabungan, Direksi menyampaikan        Directors. In the joint meeting forum, the Board of Directors presents
  laporan pencapaian kinerja operasional dan keuangan triwulanan,         quarterly operational and financial performance achievement reports,
  kinerja penjualan, dan prospek pengembangan usaha.                      sales performance, and business development prospects.


  Komunikasi antara Dewan Komisaris dan Direksi tidak hanya               Communication between the Board of Commissioners and the
  dilakukan melalui forum rapat berkala, tetapi juga secara informal      Board of Directors is carried out through periodic meeting forums
  dengan memanfaatkan media komunikasi elektronik yang tersedia           and informally by utilizing available electronic communication
  apabila ada hal-hal yang membutuhkan pendapat dan arahan                media should there be matters requiring insights and guidelines
  Dewan Komisaris.                                                        from the Board of Commissioners.


  PANDANGAN ATAS PROSPEK USAHA YANG                                       VIEW ON BUSINESS PROSPECTS PREPARED BY THE
  DISUSUN DIREKSI                                                         BOARD OF DIRECTORS
  Berdasarkan potensi perekonomian domestik, perekonomian                 Based on domestic economic potential, Indonesia’s economy is
  Indonesia tahun 2024 diperkirakan masih tumbuh kuat sebesar             expected to grow at a 5.2% annual rate in 2024. Relatively stable
  5,2%. Inflasi yang relatif stabil, dampak ikutan dari penyelenggaraan   inflation, the spillover effects of the 2024 elections on consumer
  Pemilu 2024 terhadap konsumsi masyarakat maupun konsumsi                and government spending, and government housing sector policies
  pemerintah, serta kebijakan sektor perumahan yang sudah digulirkan      implemented in the fourth quarter of 2023 will be key drivers of
  pemerintah pada triwulan IV-2023 akan menjadi faktor pendorong          growth in 2024. In response to ongoing global uncertainties, the
  pertumbuhan 2024. Menyikapi ketidakpastian global yang                  government has directed the 2024 state budget to minimize external
  diperkirakan masih terus berlanjut, pemerintah telah mengarahkan        turbulence and accelerate inclusive and sustainable economic
  APBN 2024 untuk meredam gejolak eksternal serta mempercepat             transformation.
  transformasi ekonomi secara inklusif dan berkelanjutan.


  Dengan latar belakang kondisi eksternal yang optimistis tersebut,       With this positive external situation, the Board of Commissioners
  Dewan Komisaris melihat bahwa Direksi telah memiliki dan                believes that the Board of Directors has developed and implemented
  mengimplementasikan strategi bisnis secara sistematis dan konsisten     business strategies systematically and consistently to support
  untuk mendukung pertumbuhan organisasi yang fokus pada                  the organization’s growth with a focus on sustainability. Despite




2023 ANNUAL REPORT                                                                             P T E R A J AYA S WA S E M B A D A T B K            27
Page 30
           laporan manajemen




     LAPORAN DEWAN KOMISARIS
     REPORT OF THE BOARD OF COMMISSIONER




     keberlanjutan pertumbuhan. Setiap bisnis vertikal tetap memiliki      ongoing challenges, every vertical business continues to have
     prospek yang menjanjikan ke depan meskipun tantangan akan             promising prospects. The Board of Commissioners believes that
     terus ada. Dewan Komisaris percaya Direksi dapat memanfaatkan         the Board of Directors will be able to seize market opportunities
     peluang yang ada di pasar sambil terus berjaga-jaga terhadap          while remaining vigilant against potential risks and ensuring the
     potensi risiko dan memastikan fundamental Perseroan yang kuat         Company’s strong fundamentals for long-term business growth.
     untuk meraih pertumbuhan bisnis yang berkelanjutan ke depan.


     PANDANGAN ATAS PENERAPAN TATA KELOLA                                  VIEW ON IMPLEMENTATION OF GOOD CORPORATE
     PERUSAHAAN                                                            GOVERNANCE
     Dewan Komisaris terus mendorong penerapan tata kelola perusahaan      The Board of Commissioners promotes good corporate governance
     yang baik (good corporate governance/GCG) di Perseroan melalui        (GCG) implementation within the Company through continuous
     mekanisme pengawasan dan evaluasi berkelanjutan Dewan                 supervision and evaluation mechanisms to maintain alignment
     Komisaris untuk menjaga keselarasan praktik-praktik GCG dengan        of GCG practices with best practices and developments in the
     best practice dan perkembangan di lingkungan bisnis.                  business environment.


     Dewan Komisaris menilai penerapan tata kelola di Perseroan terus      The Board of Commissioners considers that GCG implementation in
     menunjukkan peningkatan. Hal tersebut sejalan dengan upaya yang       the Company continues to improve in line with the efforts made by
     dilakukan Direksi dalam meningkatkan kualitas penerapan GCG           the Board of Directors to enhance the quality of GCG implementation
     di lingkungan Perseroan yang ditunjukkan dari semakin baik dan        within the Company, which is shown by the better and more complete
     lengkapnya infrastruktur, soft structure serta mekanisme GCG yang     infrastructure, soft structure, and GCG mechanisms developed by
     dikembangkan Perseroan. Dalam pengamatan Dewan Komisaris,             the Company. From the Board of Commissioners’ point of view, the
     Direksi telah membangun sistem manajemen risiko dan pengendalian      Board of Directors has developed an effective and adequate risk
     internal yang efektif dan memadai untuk mengantisipasi, mendeteksi,   management and internal control system for anticipating, detecting,
     mengenali, dan merespons berbagai potensi risiko baru yang            recognizing, and responding to various potential new risks that
     belum ada sebelumnya, sebagai konsekuensi dari ekspansi usaha         never existed before because of the Company’s business expansion.
     Perseroan.
                                                                           Nonetheless, the Board of Commissioners consistently reminds
     Meskipun demikian, Dewan Komisaris senantiasa mengingatkan            the Board of Directors to improve governance quality as a core
     Direksi untuk meningkatkan kualitas tata kelola sebagai komponen      component of ESG that is linked to responsible decision-making
     inti dari ESG yang berkaitan dengan proses pengambilan keputusan      and takes into account the rights and interests of all stakeholders.
     yang bertanggung jawab dan mempertimbangkan hak dan                   Continuous improvement in the implementation of governance
     kepentingan seluruh pemangku kepentingan. Perbaikan penerapan         will increase public confidence that the Company has fulfilled its
     tata kelola yang berkesinambungan akan meningkatkan kepercayaan       environmental and social responsibilities.
     masyarakat bahwa Perseroan telah memenuhi tanggung jawabnya
     terhadap aspek lingkungan dan sosial.


     PENILAIAN DEWAN KOMISARIS ATAS KINERJA                                PERFORMANCE ASSESSMENT OF BOARD OF
     KOMITE DEWAN KOMISARIS                                                COMMISSIONERS’ COMMITTEES BY BOARD OF
                                                                           COMMISSIONERS
     Dewan Komisaris melaksanakan tugas pengawasan dan pemberian           The Board of Commissioners performs supervisory and advisory
     nasihat dibantu oleh Komite Audit. Dewan Komisaris berpendapat        duties, assisted by the Audit Committee. The Board of Commissioners
     bahwa sepanjang tahun 2023 Komite Audit telah bekerja dengan          believes that the Audit Committee performed well under GCG
     baik sesuai ketentuan GCG. Komite Audit telah memberikan              provisions throughout 2023. The Audit Committee has provided
     pendapat profesional dan independen terhadap laporan atau hal-hal     professional and independent opinions on reports or matters that
     yang disampaikan Direksi kepada Dewan Komisaris. Komite Audit         the Board of Directors has submitted to the Board of Commissioners.
     membantu memantau dan mengevaluasi kegiatan audit internal,           The Audit Committee assisted in monitoring and evaluating internal
     kegiatan auditor independen dalam mengaudit laporan keuangan,         audit activities, the activities of independent auditors in auditing
     serta menelaah laporan kinerja triwulanan yang akan dilaporkan        financial statements, as well as reviewing quarterly performance
     kepada otoritas dan dipublikasikan kepada publik dalam rangka         reports, which would be reported to the authorities and published
     keterbukaan informasi.                                                to the public in the context of information disclosure.




28       P T E R A J AYA S WA S E M B A D A T B K                                                               L A P O R A N TA H U N A N 2 0 2 3
Page 31
                                                                                                   management reports




  Pada tahun 2023, Komite Audit mengadakan 6 (enam) kali rapat            In 2023, the Audit Committee held 6 (six) meetings, including with
  termasuk bersama dengan Dewan Komisaris, Direksi, manajemen             the Board of Commissioners, Directors, management, and Internal
  dan Unit Audit Internal, serta rapat dengan auditor eksternal terkait   Audit Unit, as well as meetings with external auditors related to
  hasil temuan audit dan draft Laporan Keuangan Auditan tahun 2022        audit findings, the draft of the Audited Financial Statements for
  dan rencana pelaksanaan audit Laporan Keuangan tahun 2023.              the year 2022, and the audit implementation plan for the Financial
                                                                          Statements 2023.


  PERUBAHAN KOMPOSISI DEWAN KOMISARIS                                     CHANGES IN BOARD OF COMMISSIONERS’
                                                                          COMPOSITION
  RUPS Tahunan Perseroan tanggal 30 Juni 2023 menyetujui                  The Annual GMS on 30 June 2023, approved the appointment
  mengangkat Bapak Andreas Harun Djumadi sebagai Komisaris                of Mr. Andreas Harun Djumadi as Commissioner of the Company
  Perseroan terhitung sejak tanggal ditutupnya Rapat sampai dengan        starting from the closing date of the meeting until the end of the
  akhir periode jabatan Dewan Komisaris Perseroan lainnya yaitu           other term of office of the Company’s Board of Commissioners,
  hingga penutupan RUPS Tahunan Perseroan tahun buku 2026 yang            namely until the closing of the Company’s Annual GMS for the
  akan diselenggarakan pada tahun 2027 dengan memperhatikan               financial year 2026 to be held in 2027, taking into account Capital
  peraturan Pasar Modal, namun dengan tidak mengurangi hak                Market regulations, but without prejudice to the right of the GMS
  RUPS untuk memberhentikan yang bersangkutan sewaktu-waktu.              to dismiss the person concerned at any time.


  Dengan demikian, komposisi Dewan Komisaris Perseroan sampai             Therefore, the composition of the Company’s Board of Commissioners
  dengan 31 Desember 2023 adalah sebagai berikut:                         as of 31 December 2023 is as follows:


                               Nama | Name                                                        Jabatan | Position


   Ardy Hady Wijaya                                                                   Komisaris Utama | President Commissioner

   Richard Halim Kusuma                                                                       Komisaris | Commissioner

   Lim Bing Tjay                                                                  Komisaris Independen | Independent Commissioner

   I Gusti Putu Suryawirawan                                                      Komisaris Independen | Independent Commissioner

   Andreas Harun Djumadi                                                                      Komisaris | Commissioner



  APRESIASI                                                               APPRECIATION
  Atas nama Dewan Komisaris, saya menyampaikan terima kasih               Furthermore, on behalf of the Board of Commissioners, I would
  kepada para pemegang saham dan seluruh pemangku kepentingan             like to thank shareholders and all stakeholders for their support
  atas dukungan dan kepercayaan yang telah diberikan. Penghargaan         and trust. My heartfelt gratitude goes to the Board of Directors
  yang tulus saya sampaikan kepada Direksi dan segenap karyawan           and all employees for their hard work, loyalty, and dedication to
  yang telah menunjukkan kerja keras, loyalitas dan dedikasinya demi      our mutual success. We hope that the Company will continue to
  kemajuan kita bersama. Semoga Perseroan dapat terus memberikan          provide the best performance to shareholders, consumers, business
  manfaat terbaik bagi pemegang saham, konsumen, mitra usaha,             partners, and all stakeholders in the future.
  dan seluruh pemangku kepentingan di masa mendatang.



                                                       Atas Nama Dewan Komisaris
                                                  On Behalf of the Board of Commissioners




                                                              Ardy Hady Wijaya
                                                               Komisaris Utama
                                                            President Commissioner




2023 ANNUAL REPORT                                                                            P T E R A J AYA S WA S E M B A D A T B K          29
Page 32
      laporan manajemen




     DEWAN KOMISARIS
     BOARD OF COMMISSIONERS




                      3              5          1   Andreas Harun      2   Ardy Hady Wijaya
        1      2              4                     Djumadi                ko m i s a r i s u ta m a
                                                                           president commissioner
                                                    ko m i s a r i s
                                                    commissioner




30   P T E R A J AYA S WA S E M B A D A T B K                                     L A P O R A N TA H U N A N 2 0 2 3
Page 33
                                                                      management reports




3   Richard Halim      4   Lim Bing Tjay                             5     I Gusti Putu
    Kusuma                 ko m i s a r i s i n d e p e n d e n            Suryawirawan
                           independent commissioner
    ko m i s a r i s                                                       ko m i s a r i s i n d e p e n d e n
    commissioner                                                           independent commissioner




2023 ANNUAL REPORT                                                P T E R A J AYA S WA S E M B A D A T B K        31
Page 34
      laporan manajemen




     LAPORAN DIREKSI
     REPORT OF THE BOARD
     OF DIRECTORS




     p e m a n g k u k e p e n t i n g a n ya n g t e r h o r m at ,
     distinguished shareholders,




     Dengan implementasi berbagai strategi
     inovatif sepanjang tahun 2023,
     Perseroan berhasil menjaga konsistensi
     pertumbuhan dengan capaian
     penjualan neto naik 21,6% dibandingkan
     tahun sebelumnya.

     By implementing various innovative strategies in 2023,
     the Company successfully maintained consistent growth
     with net sales increased by 21.6% compared to the
     previous year.




                            Budiarto Halim
                                                d i r e k t u r u ta m a
                                          p r e s i d e n t d i r e c to r




32   P T E R A J AYA S WA S E M B A D A T B K                                L A P O R A N TA H U N A N 2 0 2 3
Page 35
                                                                    management reports




                                      i tengah kondisi        Amidst dynamic global and national
                                      global          dan     conditions, PT Erajaya Swasembada
                                      nasional       yang     Tbk (the “Company”) continues its
                                      dinamis, PT Erajaya     development of the four vertical
                                      Swasembada Tbk          businesses and retail network
                     (“Perseroan”) terus melanjutkan          expansion to strengthen Erajaya
                     pengembangan      keempat      bisnis    Group’s business presence and
                     vertikal dan ekspansi jaringan ritel     achieve strong and sustainable
                     untuk     mengukuhkan      eksistensi    revenue growth. On behalf of the
                     bisnis Grup Erajaya dan mencapai         Board of Directors, please allow me to
                     pertumbuhan pendapatan yang kuat         present a summary of the Company’s
                     dan berkelanjutan. Mewakili Direksi,     performance for the financial year
                     perkenankan     saya    melaporkan       ended December 31, 2023.
                     ringkasan kinerja Perseroan untuk
                     tahun buku yang berakhir pada 31
                     Desember 2023.

                     ANALISIS LINGKUNGAN                      ANALYSIS OF EXTERNAL
                     EKSTERNAL                                ENVIRONMENT

                     Pemulihan Global Berjalan Lambat         Global Recovery Progressing
                                                              Sluggishly
                     Dunia mengawali tahun 2023 dengan        The world entered the year 2023 with
                     proyeksi yang optimistis karena          optimism due to the global economic
                     pemulihan ekonomi global dan             recovery and improving inflation
                     tingkat inflasi yang mulai membaik       levels compared to the previous year.
                     dibandingkan tahun sebelumnya.           However, economic activity has not
                     Tetapi aktivitas ekonomi belum           been able to reach pre-pandemic
                     mampu mencapai kondisi sebelum           conditions.
                     pandemi.

                     Sejumlah     faktor   besar     masih    Several significant factors continued
                     menjadi penghambat pemulihan             to hinder recovery, such as the post-
                     seperti dampak jangka panjang dari       acute COVID-19 syndrome, the
                     COVID-19, krisis geopolitik global,      global geopolitical crisis, and geo-
                     serta fragmentasi geoekonomi antara      economic fragmentation between the
                     Amerika Serikat (AS) dengan China        United States (US) and China as well
                     dan China dengan Taiwan. Faktor          as China and Taiwan. Other factors
                     lainnya lebih bersifat siklus, seperti   were more cyclical, such as extreme
                     fenomena El-Nino yang menjadi            weather events like El-Nino affecting
                     ancaman serius bagi ketersediaan         harvests and driving food crises, as
                     pasokan pangan di seluruh dunia,         well as monetary policy tightening to
                     serta pengetatan kebijakan moneter       control inflation.
                     untuk mengendalikan inflasi.




2023 ANNUAL REPORT                                              P T E R A J AYA S WA S E M B A D A T B K   33
Page 36
          laporan manajemen




     LAPORAN DIREKSI
     REPORT OF THE BOARD OF DIRECTOR




     Perlambatan ekonomi global terutama berasal dari                 The global economic slowdown was mainly caused by the
     melemahnya perekonomian negara-negara maju seperti               weakening economies of developed countries, such as the
     AS, Jepang, Korea Selatan, dan negara-negara kawasan             US, Japan, South Korea, and countries in Western Europe
     Eropa Barat (Zona Euro). AS masih dihadapkan pada                or the Eurozone. The US still faced inflation above target,
     inflasi yang berada di atas target, suku bunga acuan yang        high interest rates, increased fiscal pressure, and the erosion
     tinggi, peningkatan tekanan fiskal, dan tergerusnya excess       of excess savings, overshadowing economic weakening.
     saving yang membayangi pelemahan ekonomi. Sedangkan              The economic downturn in Eurozone countries was mainly
     pelemahan ekonomi negara-negara Zona Euro terutama               influenced by the impacts of the Russia-Ukraine war,
     dipengaruhi oleh dampak dari perang Rusia-Ukraina,               including inflation and central bank interest rate hikes.
     termasuk inflasi serta kenaikan suku bunga bank sentral.

     Sementara China berhasil rebound setelah pelonggaran             Meanwhile, China’s economy rebounded, showing positive
     Zero-COVID Policy menjelang akhir tahun 2022. Namun              growth trends after the easing of the Zero-COVID Policy
     pencapaian tersebut termasuk kinerja perekonomian                towards the end of 2022. However, this achievement reflected
     China yang lemah karena China masih berjuang mengatasi           China’s weak economic performance due to struggles in
     krisis sektor properti. Kinerja ekonomi China yang lemah         overcoming the property sector crisis, which in turn affects
     mempengaruhi permintaan komoditas global.                        global commodity demand.

     Ketahanan Ekonomi Indonesia Tetap Terjaga                        Indonesia’s Economic Resilience Remains Intact
     Kondisi perekonomian dan geopolitik global tentu secara          The global economy and geopolitical conditions had a
     langsung dan tidak langsung mempengaruhi perekonomian            direct and indirect impact on domestic economies. However,
     domestik. Tetapi di tengah berbagai dinamika global, ekonomi     Indonesia’s economy has demonstrated remarkable resilience
     Indonesia menunjukkan ketahanan yang kuat. Indonesia             in the face of various global dynamics. Despite the pressure
     berhasil menghadapi tekanan penurunan harga komoditas            of falling primary export commodity prices, Indonesia
     ekspor utama dengan mencatat pertumbuhan yang positif.           maintained positive growth. Until the end of 2023, Indonesia’s
     Hingga akhir tahun 2023, Indonesia mencatat pertumbuhan          economic growth rate was 5.1% year on year (yoy), slightly
     ekonomi sebesar 5,1% secara tahunan, sedikit di bawah 5,3%       lower than the previous year’s 5.3%.
     pada tahun sebelumnya.

     Inflasi Indonesia juga stabil dan terkendali pada rentang        Indonesia’s inflation also remained stable and under control
     target Bank Indonesia 3%±1. Berdasarkan laporan Badan            within Bank Indonesia’s target range of 3%±1. Based on a
     Pusat Statistik (BPS), tingkat inflasi tahun 2023 hanya          report from Statistics Indonesia (BPS), the inflation rate
     sebesar 2,6%, turun dibandingkan 5,5% pada tahun 2022            in 2023 was only 2.6%, a decrease compared to 5.5% in
     dan terendah dalam dua puluh tahun terakhir dengan               2022 and the lowest in the last twenty years, excluding the
     mengesampingkan masa pandemi COVID-19 pada 2021-                 COVID-19 pandemic in 2021-2022. Meanwhile, Indonesia’s
     2022. Sedangkan inflasi inti Indonesia selalu di bawah inflasi   core inflation has always been below headline inflation since
     headline sejak Juni 2021. Bahkan pada Desember 2023,             June 2021. Even in December 2023, Indonesia’s core inflation
     inflasi inti Indonesia tercatat sebesar 1,8% (yoy), terendah     was recorded at 1.8% (yoy), the lowest since December 2021.
     sejak Desember 2021. Pencapaian ini tidak terlepas dari
     berbagai kebijakan pemerintah dalam mengendalikan gejolak
     harga di tengah ketidakpastian yang masih tinggi.

     Namun angka inflasi inti yang rendah juga mengindikasikan        However, low core inflation figures indicate a decline in
     adanya pelemahan daya beli masyarakat. Adanya indikasi           people’s purchasing power. Bank Indonesia (BI) conducted a
     penurunan daya beli masyarakat terkonfirmasi oleh hasil          survey, which confirmed the indication of a decline in people’s
     survei yang dilakukan Bank Indonesia (BI). Berdasarkan data      purchasing power. According to data from the November
     Survei Konsumen BI edisi November 2023, rasio konsumsi           2023 edition of the BI Consumer Survey, the consumption
     kelompok dengan pengeluaran di bawah Rp5 juta sebagian           ratio for groups with expenditures less than Rp5 million has




34      P T E R A J AYA S WA S E M B A D A T B K                                                        L A P O R A N TA H U N A N 2 0 2 3
Page 37
                                                                                          management reports




  besar mengalami penurunan. Penurunan paling dalam                 largely decreased. The expenditure group of Rp2.1 million -
  dicatatkan oleh kelompok pengeluaran Rp2,1 juta - Rp3 juta,       Rp3 million experienced the greatest decline, followed by the
  diikuti kelompok pengeluaran Rp4,1 juta - Rp5 juta.               group of Rp4.1 million - Rp5 million.

  Salah satu pemicu pelemahan daya beli masyarakat                  The fact that the lower middle class is less affected by
  menengah-bawah adalah kurang tersentuhnya kelompok                government stimulus and incentive programs is one of the
  tersebut oleh program-program stimulus dan insentif               factors contributing to its declining purchasing power. So
  pemerintah. Kebijakan pemerintah selama ini memang lebih          far, government policy has been more aimed at managing
  ditujukan untuk penanganan ekonomi masyarakat miskin,             the poor’s economy and has not focused on maintaining the
  dan belum fokus untuk menjaga daya beli kelas menengah-           purchasing power of the lower middle class.
  bawah.

  Pasar Masih Dinamis namun Prospektif                              The Market is still Dynamic but Prospective
  Kondisi perekonomian global yang belum stabil dipengaruhi         The volatile global economic environment, influenced by
  oleh tekanan geopolitik dan geoekonomi berdampak pada             geopolitical and geoeconomic pressures, has an impact on
  sejumlah indikator makroekonomi domestik yang sangat              a number of domestic macroeconomic indicators that have
  berpengaruh pada iklim usaha dan investasi seperti fluktuasi      a significant impact on the business and investment climate,
  nilai tukar Rupiah dan suku bunga acuan Bank Indonesia (BI-       including fluctuations in the Rupiah exchange rate and Bank
  Rate).                                                            Indonesia’s benchmark interest rate (BI-Rate).

  Di sisi lain, daya beli masyarakat masih belum sepenuhnya         However, people’s purchasing power has not yet fully
  kembali normal pasca pandemi, terutama pada kelompok              recovered from the pandemic, particularly in the lower-
  pendapatan menengah-bawah. Daya beli kelompok ini                 middle-income group. This group’s purchasing power
  sangat sensitif terhadap kenaikan harga kebutuhan pokok,          was extremely sensitive to increases in the cost of basic
  tarif listrik, dan tarif transportasi. Pengeluaran mereka lebih   necessities, as well as electricity and transportation rates.
  difokuskan pada pemenuhan kebutuhan dalam rangka                  Their spending is more focused on meeting their needs
  mobilisasi pasca new-normal, kembali bekerja di kantor dan        during post-new-normal mobilization, such as returning to
  ke sekolah, serta belanja kebutuhan pokok.                        work from the office, attending school, and purchasing basic
                                                                    necessities.

  Perubahan preferensi belanja pasca pandemi juga terjadi           The upper-middle income group, which has relatively stable
  bagi kelompok pendapatan menengah-atas dengan daya beli           and strong purchasing power, also experienced changes in
  yang relatif masih stabil dan kuat. Salah satu kategori yang      shopping preferences following the pandemic. Travel, leisure,
  menjadi fokus belanja kelompok ini adalah travelling, leisure,    and entertainment are among the categories that this group’s
  dan entertainment.                                                shoppers prioritize.

  Pada tahun 2023, tekanan dari sisi pasokan karena kondisi         In 2023, there was supply pressure as a result of the chip
  kelangkaan chip yang terjadi sejak masa pandemi sudah             shortage that has occurred since the pandemic was resolved.
  teratasi. Hal ini membuat ketersediaan produk smartphone,         This expands the variety of smartphone products available.
  semakin bervariatif. Namun pasar smartphone belum mampu           However, the smartphone market has not been able to return
  kembali ke kondisi sebelum pandemi terutama untuk produk          to pre-pandemic levels, particularly for products with entry-
  dengan varian harga entry-level atau terjangkau, yang             level or affordable price variants aimed at lower-middle-
  menyasar konsumen kelas menengah-bawah. Di sisi lain,             income consumers. Premium-type smartphones, on the other
  smartphone tipe premium masih memiliki permintaan yang            hand, continue to be in high demand with regard to a steady
  tinggi didukung oleh pasokan produk yang terjaga.                 supply.




2023 ANNUAL REPORT                                                                    P T E R A J AYA S WA S E M B A D A T B K      35
Page 38
          laporan manajemen




     LAPORAN DIREKSI
     REPORT OF THE BOARD OF DIRECTOR




     Menurut laporan Counterpoint’s Monthly Indonesia                  According to Counterpoint’s Monthly Indonesia Smartphone
     Smartphone Tracker pada Februari 2024, pengiriman                 Tracker report in February 2024, domestic smartphone
     (shipment) smartphone di dalam negeri tahun 2023 turun            shipments in 2023 fell 6% compared to the same period in
     6% dibandingkan periode yang sama pada 2022. Penurunan            2022 (yoy). This decline in shipments even reached 10% (yoy)
     pengiriman ini bahkan mencapai 10% secara tahunan pada            in the first half of 2023. A larger decline can be suppressed
     paruh pertama tahun 2023. Penurunan yang lebih besar              in the second semester due to the festive season (Eid al-Fitr
     dapat ditekan pada semester kedua karena adanya momen             and Christmas), which drove demand for smartphones due to
     hari raya Idul Fitri, Natal, dan tahun baru yang mendorong        price promotions/bundling programs, the expansion of offline
     kenaikan permintaan smartphone karena promosi harga/              retail coverage, as well as the launch of new smartphones
     program bundling, perluasan cakupan ritel offline, serta          with more complete specifications, thus attracting consumers’
     peluncuran smartphone baru dengan spesifikasi yang lebih          interest in replacing their smartphones.
     lengkap sehingga menarik minat konsumen untuk mengganti
     smartphone yang dimilikinya.

     Sektor ritel dan industri makanan dan minuman (food and           The retail sector and food and beverage (F&B) industries are
     beverages/F&B) juga masih terpengaruh oleh pemulihan              also still affected by the recovery in people’s purchasing power.
     daya beli masyarakat. Berdasarkan data Asosiasi Pengusaha         According to data from the Indonesian Retail Entrepreneurs
     Ritel Indonesia (Aprindo), pertumbuhan ritel nasional             Association (Aprindo), national retail growth in 2023 reached
     pada tahun 2023 hanya mencapai 3,6%, lebih rendah                 3.6%. This achievement is lower than the growth in 2022,
     dibandingkan tahun 2022 yang berada pada kisaran 3,8-             which was in the range of 3.8-3.9%. Meanwhile, based on
     3,9%. Sementara berdasarkan laporan BPS, pertumbuhan              the BPS report, the growth of the F&B industry throughout
     industri F&B sepanjang tahun 2023 hanya mencapai 4,6%,            2023 only reached 4.6%, lower than the 4.9% in 2022 and
     lebih rendah dari 4,9% pada tahun 2022 dan jauh di bawah          significantly below pre-pandemic conditions, which ranged
     kondisi sebelum pandemi yang berada di kisaran 7-9%.              from 7-9%.

     STRATEGI DAN KEBIJAKAN STRATEGIS                                  STRATEGY AND STRATEGIC POLICY
     Strategi utama Perseroan adalah diversifikasi portofolio          The Company’s key strategy is portfolio diversification,
     usaha yang dikelompokkan dalam 4 (empat) bisnis vertikal          categorized into 4 (four) vertical businesses, namely: Erajaya
     yaitu Erajaya Digital, Erajaya Active Lifestyle, Erajaya Beauty   Digital, Erajaya Active Lifestyle, Erajaya Beauty & Wellness,
     & Wellness dan Erajaya Food & Nourishment.                        and Erajaya Food & Nourishment.

     Di tahun 2023, Perseroan masih fokus untuk mengembangkan          In 2023, the Company remained focused on expanding its
     jaringan pada bisnis ritel yang masih tergolong baru dirintis 2   retail network, particularly in newly established businesses
     – 3 tahun sebelumnya seperti Erablue, JDSports, ASICS, Paris      initiated 2-3 years prior, such as Erablue, JDSports, ASICS,
     Baguette, GrandLucky Superstore, dan Apotek Wellings,             Paris Baguette, GrandLucky Superstore, and Apotek Wellings,
     selain memperkenalkan brand baru seperti 6ixty8ight dan           while also introducing new brands like 6ixty8ight and MST
     MST GOLF. Sampai dengan akhir tahun 2023, Erajaya                 GOLF. At the end of 2023, Erajaya had 2,049 stores spread
     memiliki 2.049 gerai yang tersebar di Indonesia, Malaysia,        across Indonesia, Malaysia, and Singapore, supported by 97
     dan Singapura, yang didukung 97 pusat distribusi, serta           distribution centers and approximately 70,000 resellers in
     sekitar 70.000 reseller.                                          Indonesia.

     Kondisi pasar yang dinamis menjadi tantangan dalam memacu         The dynamic market posed challenges to the performance
     kinerja gerai-gerai Perseroan yang sudah dibuka pada tahun        of the Company’s previously opened stores. The Company
     sebelumnya. Perseroan selalu mencermati perkembangan              continuously monitors external developments to implement
     kondisi eksternal agar dapat menerapkan langkah-langkah           appropriate mitigation measures for any potential business
     mitigasi yang tepat atas setiap potensi risiko usaha yang         risks. We strive to maintain growth momentum with
     ada. Perseroan berupaya menjaga momentum pertumbuhan              innovative and out-of-the-box strategies. Each vertical
     melalui berbagai strategi yang inovatif dan out of the box.       business offers diversified products at different price ranges,
     Setiap bisnis vertikal memiliki produk yang beragam dengan        enabling the Company to serve all customer segments. This
     rentang harga yang berbeda-beda sehingga Perseroan dapat          ultimately has a positive impact on business development,
     melayani semua segmen pelanggan. Hal ini pada akhirnya            particularly in accelerating sales growth and sustainable
     berdampak positif terhadap pengembangan bisnis terutama           profitability in the future.
     dari sisi akselerasi pertumbuhan penjualan dan profitabilitas
     yang berkelanjutan di masa mendatang.



36      P T E R A J AYA S WA S E M B A D A T B K                                                          L A P O R A N TA H U N A N 2 0 2 3
Page 39
                                                                                            management reports




  Di bawah vertikal Erajaya Digital, brand baru yang telah           Under the Erajaya Digital vertical, newly introduced brands
  diperkenalkan pada tahun sebelumnya seperti Erablue yang           from the previous year, such as Erablue, which specializes in
  berfokus pada produk elektronik konsumen seperti televisi,         consumer electronics such as televisions, washing machines,
  mesin cuci, dan pendingin ruangan mendapat sambutan                and air conditioners, received positive feedback from the
  yang antusias dari masyarakat. Setelah pembukaan 5 toko            public. After opening its first five stores in 2022, Erablue
  pertamanya pada tahun 2022, jumlah gerai Erablue terus             expanded to 38 locations in Jakarta’s satellite cities (Bogor,
  bertambah hingga 38 gerai tersebar di wilayah kota satelit         Depok, Tangerang, and Bekasi), which have a high market
  Jakarta (Bogor, Depok, Tangerang, dan Bekasi) dengan               growth potential.
  potensi pertumbuhan pasar yang tinggi.

  Erajaya Active Lifestyle terus mengembangkan jaringan              Erajaya Active Lifestyle continued to expand its business
  bisnisnya dengan membuka 56 gerai ritel di tahun 2023.             network by opening 56 retail stores in 2023. The rapid
  Perkembangan variasi produk IoT dan aksesoris handset              development of IoT products and handset device accessories
  devices yang pesat menghadirkan peluang untuk melebarkan           presented opportunities to broaden the retail network,
  jaringan ritel yang menyediakan produk-produk IoT dan              offering quality IoT products and mobile accessories. The
  mobile accessories yang berkualitas. Perseroan juga                Company also added several fashion apparel retail networks,
  menambah beberapa jaringan gerai ritel fashion apparel             such as JDSports, ASICS, and the outdoor equipment brand
  seperti JDSports, ASICS, dan brand outdoor equipment Urban         Urban Adventure. In 2023, the Company introduced new
  Adventure. Pada tahun 2023, Perseroan memperkenalkan               brands, such as 6ixty8ight, with fashion products specifically
  brand baru seperti 6ixty8ight dengan produk fashion khusus         for women, and MST GOLF, catering to golf enthusiasts. At
  untuk wanita, serta MST GOLF yang diperuntukkan bagi para          the end of 2023, Erajaya Active Lifestyle vertical had 116
  penggemar olahraga golf. Hingga akhir tahun 2023, bisnis           retail stores.
  vertikal Erajaya Acive Lifestyle telah memiliki 116 gerai ritel.

  Vertikal Erajaya Food & Nourishment yang bergerak di               Erajaya Food & Nourishment vertical, operating in the F&B
  sektor F&B dan grocery dengan merek ritel seperti Paris            and grocery sectors with retail brands like Paris Baguette,
  Baguette, GrandLucky Superstore, dan investasi di Sushi            GrandLucky Superstore, and investment in Sushi Tei, received
  Tei melihat adanya sambutan yang positif dari masyarakat           positive responses from the public to Paris Baguette and
  atas kehadiran Paris Baguette dan GrandLucky sehingga              GrandLucky, prompting the Company to continue investing
  Perseroan melanjutkan investasi dengan membuka beberapa            by opening several new stores. At the end of 2023, Erajaya
  gerai baru. Hingga akhir tahun 2023, vertikal Erajaya Food &       Food & Nourishment vertical operated 76 stores.
  Nourishment telah mengoperasikan 76 gerai.

  Vertikal Erajaya Beauty & Wellness yang bergerak di sektor         Erajaya Beauty & Wellness vertical, operating in the health,
  health, wellness dan beauty dengan merek ritel Apotek              wellness, and beauty sectors with retail brands like Apotek
  Wellings dan The Face Shop serta bisnis distribusi peralatan       Wellings and The Face Shop, as well as medical equipment
  medis, hingga akhir tahun 2023 telah memiliki 21 gerai.            distribution businesses, had 21 stores at the end of 2023.

  Untuk meningkatkan layanan bagi pelanggan dan                      To enhance customer service and optimize customer retention
  mengoptimalisasi customer retention di ekosistem bisnis            in the vertical business ecosystem, the Company established
  vertikal, Perseroan memiliki program CRM (Customer                 the CRM (Customer Relationship Management) program on
  Relationship Management) di Myeraspace, platform untuk             Myeraspace, a platform for customer loyalty developed to
  program loyalitas pelanggan yang dikembangkan untuk                provide the best experience in every transaction for customers
  memberikan pengalaman terbaik di setiap transaksi bagi             who shop both offline and online in Erajaya Group’s retail
  pelanggan yang berbelanja baik secara offline ataupun online       network under Eraspace.
  di jaringan ritel Grup Erajaya yang tergabung dalam Eraspace.

  Selain untuk menjaga hubungan dengan pelanggan,                    In addition to maintaining relationships with customers,
  melalui program CRM Perseroan memperoleh informasi dan             through the CRM program, the Company gains deep insights
  pemahaman yang mendalam mengenai perilaku pelanggan                into customer behavior, making it a hub for conversational
  sehingga dapat menjadi hub untuk conversational commerce           commerce. This allows for quick conversion of leads from
  Perseroan sehingga proses konversi leads melalui whatsapp          WhatsApp or phone calls to the call center into sales.
  atau telepon ke bagian call center menjadi penjualan akan          Understanding customer expectations obtained through the
  lebih cepat. Pemahaman mengenai ekspektasi pelanggan               CRM program is crucial input for designing future marketing



2023 ANNUAL REPORT                                                                      P T E R A J AYA S WA S E M B A D A T B K      37
Page 40
          laporan manajemen




     LAPORAN DIREKSI
     REPORT OF THE BOARD OF DIRECTOR




     yang didapatkan melalui program CRM menjadi masukan             strategies and initiatives. At the end of the year, Myeraspace
     penting untuk merancang strategi dan inisiatif marketing        had nearly 10 million members, a significant increase from
     selanjutnya. Hingga akhir tahun, Myeraspace telah memiliki      the previous year.
     hampir 10 juta member, tumbuh signifikan dari tahun
     sebelumnya.

     PERANAN DIREKSI DALAM PERUMUSAN STRATEGI                        ROLE OF THE BOARD OF DIRECTORS IN
     DAN KEBIJAKAN STRATEGIS                                         FORMULATING STRATEGY AND STRATEGIC POLICY
     Direksi menyusun dan menetapkan kebijakan, prosedur dan         The Board of Directors formulates and establishes policies,
     pedoman penyusunan rencana jangka panjang Perseroan dan         procedures, and guidelines for the development of the
     menyiapkan Rencana Bisnis Tahunan termasuk di dalamnya          Company’s long-term plans and prepares an Annual Business
     target-target kinerja jangka pendek, strategi pencapaian        Plan, including short-term performance targets, strategies for
     target, rencana investasi dan pengembangan usaha, dan           meeting targets, an investment and business development
     anggaran.                                                       plan, and a budget.

     Direksi menyampaikan draf Rencana Bisnis kepada Dewan           The Board of Directors submits a draft Business Plan to
     Komisaris sebelum dimulainya tahun buku berjalan. Dewan         the Board of Commissioners prior to the beginning of each
     Komisaris mempelajari draf Rencana Bisnis dan meminta           financial year. The Board of Commissioners reviews the
     Direksi memberikan penjelasan atas draf tersebut secara         draft Business Plan and requests that the Board of Directors
     komprehensif kepada Dewan Komisaris di dalam forum rapat        to provide a comprehensive explanation of the draft in
     bersama Direksi dan Dewan Komisaris.                            a joint meeting of the Board of Directors and the Board of
                                                                     Commissioners.

     Di dalam rapat bersama, Dewan Komisaris secara aktif            During the joint meeting, the Board of Commissioners
     memberikan pendapat dan masukan konstruktif sesuai              actively provides insight and constructive feedback based
     pengalaman, kapasitas dan latar belakang kompetensi             on their experience, capacity, and background competencies.
     masing-masing anggota Dewan Komisaris. Tanggapan                The responses of the Board of Commissioners serve as input
     Dewan Komisaris menjadi masukan untuk finalisasi                for finalizing the Business Plan. Subsequently, the Board of
     Rencana Bisnis. Selanjutnya, Dewan Komisaris memberikan         Commissioners approves and ratifies the Company’s Business
     persetujuan dan pengesahan Rencana Bisnis Perseroan             Plan prior to the beginning of the financial year.
     sebelum tahun buku dimulai.

     Dalam merumuskan strategi dan rencana bisnis Perseroan,         In formulating the Company’s strategy and business plan,
     Direksi mempertimbangkan fondasi bisnis, resiliensi dalam       the Board of Directors considers the business foundation,
     menghadapi tantangan, dan kapasitas internal Perseroan.         resilience in facing challenges, and the Company’s internal
     Pada tahap selanjutnya, Direksi menetapkan target-target        capacity. In the next stage, the Board of Directors sets
     operasional bisnis Perseroan ke dalam target-target kinerja     operational targets for the Company’s business units,
     setiap anak usaha, divisi, departemen, hingga ke tingkat        divisions, departments, and even individual levels, which are
     individu yang dituangkan di dalam alat ukur Indikator Kinerja   reflected in Key Performance Indicators (KPI).
     Utama (IKU).

     PROSES YANG DILAKUKAN DIREKSI UNTUK                             PROCESSES UNDERTAKEN BY THE BOARD
     MEMASTIKAN IMPLEMENTASI STRATEGI                                OF DIRECTORS TO ENSURE STRATEGY
                                                                     IMPLEMENTATION
     Setiap strategi dan inisiatif yang dirancang dan disetujui      Every strategy and initiative designed and approved by
     oleh manajemen akan dijabarkan secara berjenjang ke level       management is passed down the hierarchy to the directorate,
     direktorat, divisi, hingga masing-masing departemen. Direksi    division, and department levels. The Board of Directors
     mengadakan rapat rutin dengan manajemen unit bisnis untuk       meets with business unit management on a regular basis
     memantau kinerja Perseroan terhadap target yang telah           to assess the Company’s performance against established
     ditetapkan. Menjaga komunikasi antar tiap level dan bagian      goals. Maintaining communication across all levels and
     baik secara vertikal dan horizontal menjadi kunci penerapan     departments, both vertically and horizontally, is critical to
     strategi dapat berjalan dengan baik dan sesuai seperti yang     ensuring that the strategy implementation goes smoothly
     telah direncanakan.                                             and on schedule.




38      P T E R A J AYA S WA S E M B A D A T B K                                                      L A P O R A N TA H U N A N 2 0 2 3
Page 41
                                                                                          management reports




  Perseroan menerapkan proses kontrol dan monitoring di           The Company implements control and monitoring processes
  setiap level, untuk mengetahui setiap kemajuan dari strategi    at all levels to track the progress of implemented strategies
  yang dijalankan dan kendala yang dihadapi. Secara rutin         and address any challenges that arise. The Board of Directors
  Direksi menyelenggarakan rapat mingguan yang dihadiri oleh      holds weekly meetings with management to ensure that each
  manajemen untuk memastikan bahwa setiap strategi dan            strategy and its implementation are carried out in accordance
  implementasinya telah terlaksana sesuai arahan.                 with the directives.

  PENCAPAIAN 2023                                                 ACHIEVEMENT IN 2023
  Tahun 2023 adalah tahun ekspansi. Perseroan terus               The year 2023 was the year of expansion. The Company
  memperluas jaringan bisnis yang sudah ada dan menambah          continuously expanded its existing business network
  bisnis dan brand baru untuk memperkuat portofolio               and added new businesses and brands to strengthen the
  setiap bisnis vertikal yang dimiliki. Sepanjang tahun 2023,     portfolio of each vertical business segment. In 2023, the
  Perseroan membuka 629 gerai baru yang tersebar di semua         Company opened 629 new outlets spread across all vertical
  bisnis vertikal. Gerai baru tersebut tentu masih membutuhkan    businesses. These new outlets naturally require operational
  dukungan biaya operasional untuk mencapai kinerja penjualan     support to achieve optimal sales performance and drive net
  yang optimal dan mendorong pertumbuhan laba bersih.             profit growth.

  Perseroan berhasil menjaga konsistensi pertumbuhan              The Company successfully maintained consistent growth,
  dengan capaian penjualan neto sebesar Rp60,1 triliun, naik      with net sales reaching Rp60.1 trillion, up 21.6% from
  21,6% dari Rp49,5 triliun pada tahun 2022. Sejalan dengan       Rp49.5 trillion in 2022. Alongside the increase in sales, gross
  peningkatan penjualan, laba kotor tercatat tumbuh 20,3%         profit grew by 20.3% to Rp6.45 trillion, with a gross profit
  menjadi Rp6,45 triliun dengan marjin laba kotor sebesar         margin of 10.7%. Net profit after tax attributable to owner
  10,7%. Laba setelah pajak yang diatribusikan kepada pemilik     of the parent company amounted to Rp826.1 billion in 2023.
  entitas induk tercatat sebesar Rp826,1 miliar pada tahun
  2023.

  Pada 8 Agustus 2023, salah satu anak perusahaan Grup            On August 8, 2023, one of Erajaya Group’s subsidiaries, PT
  Erajaya yaitu PT Sinar Eka Selaras (setelah IPO menjadi         Sinar Eka Selaras (after its IPO became PT Sinar Eka Selaras
  PT Sinar Eka Selaras Tbk) yang menaungi bisnis Erajaya          Tbk), which oversees the Erajaya Active Lifestyle business,
  Active Lifestyle melakukan pencatatan saham di Bursa Efek       listed its shares on the Indonesia Stock Exchange through
  Indonesia melalui initial public offering (IPO) dengan ticker   an initial public offering (IPO) with ticker code ERAL, offering
  code ERAL dengan menawarkan 1,037 miliar lembar saham           1.037 billion new shares at an offering price of Rp390.
  baru dengan harga penawaran sebesar Rp390.

  IPO saham ERAL mendapat sambutan yang positif dari              The IPO of ERAL stock received a positive response from the
  pasar dan mengalami oversubscribed sebanyak 56,64 kali.         market and was oversubscribed 56.64 times. The Company
  Perseroan berhasil memperoleh dana segar sebesar Rp404,6        managed to raise fresh funds amounting to Rp404.6 billion,
  miliar yang rencananya akan digunakan untuk ekspansi bisnis     which are planned to be used for new business expansion.
  baru.

  PERBANDINGAN ANTARA TARGET DAN REALISASI                        TARGET VS REALIZATION COMPARISON
  Saat ini Perseroan tidak mengungkapkan target-target            Given the competitive nature of the market, the Company
  keuangan kepada publik mempertimbangkan tingkat                 does not currently disclose financial targets to the public. In
  kompetisi yang ketat di pasar. Pada tahun 2023, Perseroan       2023, the Company aimed to maintain its growth momentum
  berupaya untuk menjaga momentum pertumbuhan meskipun            despite a number of external challenges that could pose a
  berbagai tantangan eksternal dapat berpotensi menjadi           threat. By implementing various innovative strategies in
  ancaman. Melalui implementasi berbagai strategi inovatif        2023, the Company increased net sales by 21.6%, from
  sepanjang tahun 2023, Perseroan dapat meningkatkan              Rp49.47 trillion in 2022 to Rp60.14 trillion.
  penjualan neto sebesar 21,6% dari Rp49,47 triliun pada
  tahun 2022 menjadi Rp60,14 triliun.




2023 ANNUAL REPORT                                                                   P T E R A J AYA S WA S E M B A D A T B K        39
Page 42
          laporan manajemen




     LAPORAN DIREKSI
     REPORT OF THE BOARD OF DIRECTOR




     PELUANG DAN TANTANGAN                                             OPPORTUNITIES AND CHALLENGES
     Saat ini permintaan akan produk smartphone semakin                Currently, the demand for smartphones is increasingly shifting
     mengarah ke perangkat yang memiliki fitur, spesifikasi,           towards devices with advanced features, specifications,
     teknologi yang lebih canggih, serta desain yang futuristik.       technology and futuristic designs. This intensifies the
     Hal ini menjadikan tingkat kompetisi antar brand semakin          competition among brands; meanwhile, consumers’
     ketat dan masa pakai smartphone konsumen semakin                  smartphone lifecycles are getting shorter because consumers
     pendek karena konsumen menunggu kemunculan tipe/model             are waiting for the emergence of new types/models with
     baru dengan fitur yang lebih menarik. Erajaya menangkap           more attractive features. Erajaya seized this phenomenon as
     fenomena ini sebagai peluang untuk memenuhi ekspektasi            an opportunity to meet customer expectations by presenting
     pelanggan dengan menghadirkan tipe dan seri smartphone            smartphone types and series with larger internal memory
     dengan kapasitas memori internal lebih besar, prosesor lebih      capacity, faster reliable processors, more sophisticated
     cepat andal, fitur lebih canggih, dan lebih user friendly.        features and more user friendly.

     Dari sisi preferensi belanja, meskipun platform e-commerce        In terms of shopping preferences, while e-commerce
     merupakan saluran yang paling mudah diakses untuk membeli         platforms are the most accessible channels for purchasing
     smartphone secara online, sejalan dengan berakhirnya              smartphones online, as the pandemic ends, consumers are
     pandemi, konsumen kembali ke kebiasaan berbelanja offline.        returning to conventional shopping habits. Consumers prefer
     Konsumen lebih memilih datang ke gerai offline resmi untuk        to visit official offline stores because they enjoy the in-store
     menikmati atmosfir gerai, pelayanan yang lebih personal dan       atmosphere, personalized service, prompt responses to
     respons yang lebih cepat dalam menjawab keingintahuan             inquiries, support from brand promoters, a variety of payment
     konsumen, dukungan dari brand promoter, pilihan skema             options, and the availability of promotional packages,
     pembayaran yang lebih variatif, serta ketersediaan paket-         including bundling programs. This condition is consistent
     paket promosi termasuk program-program bundling. Kondisi          with the Company’s strategy of continuously expanding its
     ini sejalan dengan strategi Perseroan untuk terus memperluas      offline retail network.
     jaringan ritel offline.

     Tantangan lainnya dalam melakukan ekspansi bisnis vertikal        Another challenge in expanding vertical business is adapting
     adalah menyesuaikan dengan regulasi yang berlaku pada             to the regulations applicable in each industry. Each region has
     masing-masing industri. Setiap daerah memiliki regulasi yang      different regulations regarding business, taxes, and licensing.
     berbeda dalam hal bisnis, pajak, dan perizinan. Perseroan         The Company must understand all legal requirements
     harus memahami semua persyaratan hukum dan regulasi               and regulations and ensure compliance with all applicable
     yang berlaku serta memastikan bahwa Perseroan telah               provisions.
     mematuhi semua ketentuan yang berlaku.

     Ekspansi bisnis juga membutuhkan alokasi sumber daya              Business expansion also requires human capital allocation.
     manusia. Saat ini akuisisi talenta menjadi tantangan tersendiri   Currently, talent acquisition poses its own challenges, as
     karena sejumlah kompetitor juga melakukan rekrutmen untuk         several competitors are also recruiting to support business
     mendukung pengembangan usaha. Namun citra, rekam jejak,           development. Nonetheless, Erajaya Group’s image, track
     dan reputasi Grup Erajaya yang sudah dikenal di industrinya       record, and reputation, which are well-known in the industry,
     menjadi nilai tambah di pasar tenaga kerja.                       add value to the labor market.

     PROSPEK KE DEPAN                                                  FUTURE PROSPECTS
     Dalam laporan World Economic Outlook (WEO) edisi Januari          In the January 2024 edition of the World Economic Outlook
     2024, International Monetary Fund (IMF) memproyeksikan            (WEO), the International Monetary Fund (IMF) projected
     pertumbuhan ekonomi global tahun 2024 bisa mencapai 3,1%.         that global economic growth in 2024 could reach 3.1%.
     Angka tersebut merupakan hasil revisi yang lebih optimistis       This figure represents a more optimistic revision compared
     dibanding proyeksi sebelumnya. IMF menggambarkan                  to previous projections. The IMF described the outlook for
     proyeksi ekonomi global tahun 2024 dengan istilah “resilient      global economic growth in 2024 as “resilient but slow.” The
     but slow”. Kenaikan proyeksi pertumbuhan ekonomi global           upward revision in the projection reflects growth in China, the
     merefleksikan adanya pertumbuhan di China, AS, dan negara-        US, and developing countries. Nevertheless, there are still
     negara berkembang. Tetapi masih ada sejumlah risiko yang          several risks that could disrupt the optimism for economic
     bisa mengganggu optimisme pertumbuhan ekonomi tahun               growth in 2024, such as escalating geopolitical conflicts,
     2024, seperti meluasnya konflik geopolitik, cuaca ekstrem         extreme weather events due to El Nino that could affect food
     dampak El Nino yang bisa mengganggu ketahanan pangan,             security, and the ongoing crisis in China’s property sector.
     krisis sektor properti di China yang belum juga usai.


40      P T E R A J AYA S WA S E M B A D A T B K                                                          L A P O R A N TA H U N A N 2 0 2 3
Page 43
                                                                                        management reports




  Dalam perkembangannya, memasuki akhir triwulan I 2024,         At the end of the first quarter of 2024, the momentum of
  momentum pemulihan ekonomi global terus berlanjut. Hal         the global economic recovery continued. This strengthens
  ini menguatkan indikasi pertumbuhan ekonomi global pada        indications that global economic growth in 2024 could reach
  2024 akan mencapai 3,0% atau lebih tinggi. Pertumbuhan         3.0% or higher. The US economy remains robust, supported
  ekonomi AS tetap kuat ditopang oleh permintaan domestik.       by domestic demand. India is also growing better than
  India juga tumbuh lebih baik dari perkiraan didukung oleh      expected, driven by government and private investment.
  investasi pemerintah dan swasta. Sementara itu, ekonomi        Meanwhile, the Chinese economy has not shown significant
  China belum menunjukkan perbaikan yang signifikan              improvement, although it is slightly higher than previous
  meskipun sedikit lebih tinggi dibandingkan dengan proyeksi     projections due to increased fiscal stimulus.
  sebelumnya didorong oleh peningkatan stimulus fiskal.

  Harga komoditas mulai menunjukkan tren kenaikan                Commodity prices have started to show an upward trend due
  disebabkan oleh naiknya biaya logistik dampak ketegangan       to rising logistics costs caused by geopolitical tensions and
  geopolitik dan ketatnya pasokan akibat faktor cuaca sehingga   tight supply due to weather factors, thus slowing the decline
  menahan laju penurunan inflasi global. Suku bunga Fed          in global inflation rates. The Federal Funds Rate (FFR) is
  Funds Rate (FFR) diperkirakan baru menurun pada semester       expected to decrease only in the second half of 2024. Global
  II 2024. Ketidakpastian pasar keuangan global masih tinggi     financial market uncertainty remains high, as evidenced
  tecermin pada imbal hasil US Treasury yang meningkat           by increased US Treasury yields and inflation, which is still
  dan inflasi yang masih di atas perkiraan pasar. Kondisi ini    above market expectations. These conditions continue to
  mendorong berlanjutnya penguatan dolar AS secara global        strengthen the US dollar globally and increase pressure on
  dan meningkatnya tekanan pelemahan nilai tukar di negara       the depreciation of exchange rates in emerging markets.
  emerging market.

  Bank Dunia dalam laporan East Asia and The Pacific Economic    In its October 2023 edition of East Asia and the Pacific
  Update edisi Oktober 2023 memproyeksi pertumbuhan              Economic Update, the World Bank projected that Indonesia’s
  ekonomi Indonesia tahun 2024 melambat menjadi 4,9%.            economic growth in 2024 would slow to 4.9%. The main
  Faktor utama perlambatan pertumbuhan adalah turunnya           factors contributing to the slowdown are the decline in
  harga komoditas global, serta imbas dari perlambatan           global commodity prices and the spillover effects of China’s
  ekonomi China. Namun Bank Dunia menilai Indonesia              economic slowdown. However, the World Bank believes that
  memiliki fundamental ekonomi yang kuat dan mampu               Indonesia has strong economic fundamentals and is capable
  mengatasi tantangan yang ada.                                  of overcoming these challenges.

  Perkembangan kondisi global memerlukan respons                 The evolving global conditions require government policy
  kebijakan pemerintah untuk memitigasi dampak negatif           responses to mitigate the negative impact on the domestic
  terhadap perekonomian domestik. Pemerintah bersama Bank        economy. The government, together with the Central
  Indonesia (BI) terus berkoordinasi untuk menjaga stabilitas    Bank of Indonesia (BI), continues to coordinate to maintain
  makroekonomi melalui berbagai kebijakan. Pada bulan Maret      macroeconomic stability through various policies. In March
  2024, BI mengumumkan keputusan untuk mempertahankan            2024, BI announced its decision to maintain the BI-Rate at
  BI-Rate sebesar 6,00%. Keputusan tersebut tetap konsisten      6.00%. This decision remains consistent with the pro-stability
  dengan fokus kebijakan moneter yang pro-stability untuk        monetary policy focus to maintain the stability of the Rupiah
  menjaga stabilitas nilai tukar Rupiah serta langkah pre-       exchange rate, as well as the pre-emptive and forward-
  emptive dan forward looking untuk memastikan inflasi tetap     looking measures to ensure inflation remains controlled
  terkendali dalam sasaran 2,5±1% pada 2024.                     within the target range of 2.5±1% in 2024.

  Pertumbuhan ekonomi Indonesia tetap kuat didorong              Indonesia’s economic growth remains strong, fueled by
  oleh permintaan domestik yang baik di konsumsi rumah           strong domestic demand for household consumption and
  tangga dan investasi. Realisasi investasi lebih tinggi dari    investment. Investment realization is higher than expected,
  perkiraan, ditopang oleh berlanjutnya Proyek Strategis         owing to the ongoing implementation of National Strategic
  Nasional (PSN) di sejumlah daerah dan berkembangnya            Projects (PSN) in several regions, as well as the growth of
  properti swasta sebagai dampak positif dari insentif           private property as a result of government incentives in the
  pemerintah di sektor properti. Konsumsi rumah tangga           property sector. Household consumption remains strong,
  tetap terjaga, meskipun perlu terus didorong untuk menjaga     though efforts are needed to maintain the momentum of
  momentum pertumbuhan ekonomi nasional.                         national economic growth.




2023 ANNUAL REPORT                                                                  P T E R A J AYA S WA S E M B A D A T B K      41
Page 44
          laporan manajemen




     LAPORAN DIREKSI
     REPORT OF THE BOARD OF DIRECTOR




     Sejumlah indikator seperti Indeks Keyakinan Konsumen,             Several indicators, such as the Consumer Confidence Index,
     Indeks Penjualan Riil, dan PMI Manufaktur yang berada di          Real Sales Index, and Manufacturing PMI in the optimistic
     zona optimis, menunjukkan bahwa permintaan domestik               zone, indicate that domestic demand remains strong. The
     tetap baik. Nilai tukar Rupiah (hingga 19 Maret 2024)             Rupiah exchange rate (as of March 19, 2024) is relatively
     relatif stabil dipengaruhi oleh kebijakan stabilisasi yang        stable, influenced by BI’s stabilization policies. Looking
     ditempuh BI. Ke depan, nilai tukar Rupiah diperkirakan            ahead, the Rupiah exchange rate is expected to remain
     stabil dengan kecenderungan menguat, seiring dengan               stable with a tendency to strengthen, driven by the inflow
     masuknya aliran modal asing didorong oleh persepsi positif        of foreign capital spurred by positive investor perceptions of
     investor terharap prospek ekonomi Indonesia. Inflasi tetap        Indonesia’s economic prospects. Inflation remains controlled
     terjaga dalam kisaran sasaran 2,5±1%. Inflasi Indeks Harga        within the target range of 2.5±1%. The Consumer Price Index
     Konsumen (IHK) Februari 2024 tercatat sebesar 2,75% (yoy),        (CPI) inflation in February 2024 was recorded at 2.75% (yoy),
     ditopang oleh inflasi inti yang rendah sebesar 1,68% (yoy)        supported by low core inflation at 1.68% (yoy) and declining
     dan inflasi administered prices (AP) yang menurun menjadi         administered price inflation at 1.67% (yoy). With these
     1,67% (yoy). Dengan berbagai perkembangan tersebut, BI            developments, BI projects economic growth in 2024 to be in
     memproyeksikan pertumbuhan ekonomi tahun 2024 akan                the range of 4.7-5.5%.
     berada dalam kisaran 4,7-5,5%.

     Dengan kondisi politik pasca Pemilu yang kondusif dan             With the conducive post-election political situation and
     makroekonomi yang stabil, pasar smartphone Indonesia              stable macroeconomics, the Indonesian smartphone market
     diperkirakan dapat tumbuh lebih baik dibandingkan tahun           is expected to grow better than in 2023, assuming continued
     2023 dengan asumsi adanya dukungan transformasi digital           support for digital transformation and optimization of 4G
     yang berkelanjutan dan optimalisasi jaringan 4G di wilayah        networks in wider areas.
     yang lebih luas.

     Penjualan smartphone 5G akan meningkat meskipun masih             Sales of 5G smartphones will increase, although there is still a
     ada kelambatan dalam mengadopsi 5G di segmen konsumen             delay in 5G adoption in the consumer segment due to limited
     karena keterbatasan frekuensi yang tersedia. Sebaliknya,          available frequencies. Conversely, mobile operators continue
     operator seluler terus meningkatkan 4G dan memperluas             to enhance 4G and expand Fixed Mobile Convergence (FMC)
     layanan Fixed Mobile Convergence (FMC). Sementara itu,            services. Meanwhile, regulators are pushing mobile operators
     regulator mendorong operator seluler untuk melakukan              to consolidate for market efficiency and to open opportunities
     konsolidasi guna mencapai efisiensi pasar dan membuka             in order to obtain an adequate frequency spectrum for
     peluang memperoleh spektrum frekuensi yang memadai                deploying 5G technology.
     untuk menggelar teknologi 5G.

     Meski menghadapi lingkungan yang menantang, prospek               Despite facing a challenging environment, the prospects for
     industri ritel Indonesia cukup optimistis. Proyeksi pertumbuhan   the retail industry in Indonesia remain optimistic. Positive
     ekonomi yang baik dan faktor demografi memberikan                 economic growth projections and demographic factors paint
     gambaran yang menjanjikan. Selain itu, transformasi digital       a promising outlook. Additionally, digital transformation and
     dan e-commerce juga menjadi salah satu faktor pendukung.          e-commerce are also supportive factors. The digital revolution
     Revolusi digital telah mendorong pertumbuhan e-commerce           has driven e-commerce growth and had a significant impact
     dan memberikan dampak yang besar pada sektor ritel                on the Indonesian retail sector.
     Indonesia.

     Aprindo memproyeksikan industri ritel akan mengalami              Aprindo projects that the retail industry will experience
     kenaikan sejak triwulan pertama 2024 didukung oleh                an increase starting in the first quarter of 2024, supported
     peningkatan konsumsi masyarakat terkait penyelenggaraan           by increased consumer spending related to the electoral
     pemilu, ditambah faktor bulan Ramadhan dan Idul Fitri.            process, along with the Ramadan and Eid al-Fitr festivities in
     Industri ritel diperkirakan akan tumbuh sekitar 3,7-3,8% pada     the second quarter. The retail industry is estimated to grow
     tahun 2024, naik tipis dari 3,6% pada tahun 2023.                 around 3.7-3.8% in 2024, slightly up from 3.6% in 2023.

     Sementara itu, Gabungan Produsen Makanan dan Minuman              Meanwhile, the Indonesian Food & Beverage Association
     (GAPMMI) memproyeksikan industri F&B nasional akan naik           (GAPMMI) projects that the national F&B industry will
     7%. Proyeksi ini antara lain didasarkan pada pertumbuhan          increase by 7%. This projection is based, among other
     kelas menengah yang mencapai sekitar 53 juta jiwa. Kelas          things, on the growth of the middle class, which has reached



42      P T E R A J AYA S WA S E M B A D A T B K                                                          L A P O R A N TA H U N A N 2 0 2 3
Page 45
                                                                                         management reports




  menengah menjadi motor pertumbuhan karena mampu                 approximately 53 million people. The middle class serves
  menyumbang separuh dari total konsumsi rumah tangga             as the engine of growth because it contributes half of the
  nasional. Menurut survei, 49,25% populasi Indonesia             total national household consumption. According to surveys,
  kebanyakan menghabiskan uang mereka di F&B. Secara              49.25% of the Indonesian population mostly spends their
  demografis, 53,8% mayoritas populasi ini diisi oleh Milenial    money on F&B. Demographically, 53.8% of this population
  dan Gen (generasi) Z yang suka mencoba produk dan               is predominantly composed of millennials and Gen Z, who
  pengalaman baru.                                                enjoy trying new products and experiences.

  Menurut laporan Populix yang bertajuk “Tren Makanan             According to the Populix report titled “Food and Beverage
  dan Minuman Pada Gen Z & Millennial 2022-2023“, Gen Z           Trends in Gen Z & Millennial 2022-2023,” Gen Z and
  dan Milenial lebih menyukai membeli makanan di luar, baik       Millennials prefer to order food, whether online, takeaway,
  secara online, takeaway, ataupun dine-in. Produk kuliner        or dine-in. The culinary products most frequently ordered
  yang paling sering dibeli Gen Z dan Milenial adalah makanan     by Gen Z and Millennials are fast food (63%), ready-to-eat/
  cepat saji (63%), produk siap makan/minum (57%),                drink products (57%), homemade food (33%), ready-to-cook
  makanan buatan rumah (33%), produk siap masak (32%),            products (32%), frozen products (31%), desserts (29%),
  produk beku (31%), dessert (29%), produk freshmade (20%),       fresh-made products (20%), and healthy food (19%).
  dan healthy food (19%).

  Mengacu pada kondisi makroekonomi yang positif, Perseroan       Referring to the positive macroeconomic conditions, the
  optimis dapat mencapai pertumbuhan kinerja yang lebih           Company is optimistic about achieving better performance
  baik lagi di tahun 2024. Perseroan fokus pada improvement       growth in 2024. The Company focuses on improvement and
  dan optimization terutama untuk jaringan gerai baru sebagai     optimization, particularly for new store networks, as efforts
  upaya mengakselerasi pertumbuhan penjualan yang paling          to accelerate optimal sales growth. To support this goal, the
  optimal. Untuk mendukung tujuan tersebut, Perseroan telah       Company has prepared several strategies, including adding
  menyiapkan beberapa strategi, termasuk menambah produk          products from affordable-priced brands to meet customer
  dari brand dengan kategori harga yang terjangkau (affordable)   demand, mainly at non-mall outlets (street level), and
  untuk memenuhi permintaan pelanggan terutama pada gerai-        expanding the portfolio of products that customers prefer.
  gerai di luar mal (street level), serta menambah portofolio
  produk yang diminati pelanggan.

  Perseroan melihat adanya perkembangan yang pesat                The Company sees rapid developments in consumer
  dalam preferensi dan gaya hidup masyarakat. Oleh karena         preferences and lifestyles. Hence, the Company focuses on
  itu, Perseroan fokus pada pengembangan bisnis yang              developing businesses with long-term potential, such as
  memiliki potensi jangka panjang, seperti fashion lifestyle,     fashion lifestyles, consumer electronic goods, supermarket,
  consumer electronic goods, supermarket, dan bisnis vertikal     and other vertical businesses. The Company will continue to
  lainnya. Perseroan akan terus membangun jaringan ritel dan      build retail networks and introduce various new brands with
  menghadirkan berbagai brand baru yang memiliki potensi          strong potential in the market. With a strengthened retail
  kuat di pasar. Dengan jaringan ritel yang semakin kuat,         network, the Company is optimistic about increasing market
  Perseroan optimis dapat meningkatkan pangsa pasar dan           share and solidifying its image as the largest lifestyle smart
  memperkokoh citra Perseroan sebagai the largest lifestyle       retailer.
  smart retailer.

  MEMPERKUAT KOMITMEN UNTUK TATA KELOLA                           STRENGTHENING COMMITMENT FOR GCG BEST
  TERBAIK                                                         PRACTICES
  Direksi, Dewan Komisaris, dan seluruh karyawan Perseroan        The Board of Directors, the Board of Commissioners, and all
  berkomitmen untuk menerapkan prinsip-prinsip tata kelola        Company employees are committed to implementing good
  perusahaan yang baik/good corporate governance (GCG)            corporate governance (GCG) principles across all business
  di seluruh lini bisnis. Dalam setiap proses pengambilan         lines. The Company adheres to the principles of transparency
  keputusan bisnis, Perseroan menjunjung tinggi prinsip           and accountability in all of its business decisions.
  transparansi dan akuntabilitas.

  Demi memaksimalkan berjalannya prinsip akuntabilitas,           To maximize the implementation of accountability principles,
  Direksi memiliki komite khusus untuk mendukung kinerja          the Board of Directors established special committees to
  Direksi, yang terdiri dari Komite Komersial (Commercial         support its performance, including the Commercial Committee



2023 ANNUAL REPORT                                                                   P T E R A J AYA S WA S E M B A D A T B K      43
Page 46
          laporan manajemen




     LAPORAN DIREKSI
     REPORT OF THE BOARD OF DIRECTOR




     Committee/CC) dan Komite Pengembangan Usaha Baru                  (CC) and Investment Committee (IC), which oversee and
     (Investment Committee/IC) yang bertugas mengawasi dan             provide a forum for decision-making in every operational
     memberi forum dalam proses pengambilan keputusan pada             activity of the Company.
     setiap aktivitas operasional Perseroan.

     Selain itu, Perseroan telah memperkuat sistem pengawasan          Furthermore, the Company has improved its internal
     internal,    memperbaiki       pelaporan    keuangan,   dan       supervision system, financial reporting, and communication
     meningkatkan komunikasi dengan para pemegang saham                with shareholders and other relevant parties. With an
     serta pihak-pihak terkait lainnya. Dengan sistem pengawasan       internal supervision system in place and the Board of
     internal dan konsistensi Direksi untuk menerapkan kebijakan       Directors consistently implementing policies and regulations
     dan peraturan sesuai best practice yang berlaku di Industri,      in accordance with industry best practices, the Company
     Perseroan meyakini bahwa proses pengambilan keputusan             believes that the decision-making process will be more
     akan lebih holistik dan seimbang sejalan dengan kebijakan         holistic and balanced, in line with the Company’s policies.
     yang diterapkan oleh Perseroan.

     Perseroan juga mengadopsi kebijakan yang lebih ketat              The Company also adopts stricter policies regarding
     terkait etika bisnis dan integritas. Hal ini termasuk penerapan   business ethics and integrity. This includes implementing a
     Pedoman Perilaku (Code of Conduct) yang lebih relevan             more relevant Code of Conduct for all employees and the
     untuk seluruh karyawan dan manajemen, serta memperkuat            management, as well as strengthening complaint procedures
     prosedur pengaduan untuk memastikan bahwa pelanggaran             to ensure that ethical violations or unethical practices can be
     etika atau praktik-praktik yang tidak bermoral dapat segera       promptly identified and addressed.
     diidentifikasi dan ditangani.

     Perseroan akan terus meningkatkan kualitas penerapan              The Company will continue to continuously enhance the
     GCG secara berkesinambungan untuk meningkatkan nilai              quality of GCG implementation in order to increase value
     bagi seluruh pemangku kepentingan, serta memperkuat               for all stakeholders and to strengthen our position as a
     posisi kami sebagai korporasi yang bertanggung jawab dan          responsible and sustainable corporation in the market.
     berkelanjutan di pasar.

     PERUBAHAN KOMPOSISI DIREKSI                                       CHANGE IN COMPOSITION OF BOARD OF
                                                                       DIRECTORS
     Pada tahun 2023, komposisi Direksi Perseroan mengalami            In 2023, the composition of the Company’s Board of Directors
     perubahan berdasarkan keputusan RUPS sebagai berikut:             changed based on the following GMS resolutions:
     1. RUPS Tahunan tanggal 30 Juni 2023 menyetujui                   1. The Annual GMS on 30 June 2023, approved the
        mengangkat Ibu Elly sebagai Direktur Perseroan terhitung           appointment of Mrs. Elly as Director of the Company
        sejak tanggal ditutupnya Rapat sampai dengan akhir                 starting from the closing date of the Meeting until the
        periode jabatan Direksi Perseroan lainnya yaitu hingga             end of the other term of office of the Board of Directors of
        penutupan RUPS Tahunan Perseroan tahun buku 2026                   the Company, namely until the closing of the Company’s
        yang akan diselenggarakan pada tahun 2027 dengan                   Annual GMS for the financial year 2026 to be held in
        memperhatikan peraturan Pasar Modal, namun dengan                  2027 by taking into account Capital Market regulations,
        tidak mengurangi hak RUPS untuk memberhentikan yang                but without prejudice to the right of the GMS to dismiss
        bersangkutan sewaktu-waktu.                                        the person concerned at any time.
     2. RUPS Luar Biasa tanggal 6 September 2023 menyetujui            2. The Extraordinary GMS on 6 September 2023, approved
        mengangkat Ibu Mitchella Ardy Hady Wijaya dan Bapak                the appointment of Ms. Mitchella Ardy Hady Wijaya and
        Keith Ardy Hady Wijaya sebagai Direktur Perseroan                  Mr. Keith Ardy Hady Wijaya as Director of the Company
        terhitung sejak tanggal ditutupnya Rapat sampai dengan             starting from the closing date of the Meeting until the
        akhir periode jabatan Direksi Perseroan lainnya yaitu              end of the other term of office of the Company’s Board
        hingga penutupan RUPS Tahunan Perseroan tahun                      of Directors, namely until the closing of the Company’s
        buku 2026 yang akan diselenggarakan pada tahun                     Annual GMS for the financial year 2026 to be held in
        2027 dengan memperhatikan peraturan Pasar Modal,                   2027 by taking into account Capital Market regulations,
        namun dengan tidak mengurangi hak RUPS untuk                       but without prejudice to the right of the GMS to dismiss
        memberhentikan yang bersangkutan sewaktu-waktu.                    the person concerned at any time.




44      P T E R A J AYA S WA S E M B A D A T B K                                                          L A P O R A N TA H U N A N 2 0 2 3
Page 47
                                                                                           management reports




  Dengan demikian, komposisi Direksi Perseroan per 31             Therefore, the composition of the Company’s Board of
  Desember 2023 adalah sebagai berikut:                           Directors as per 31 December 2023, is as follows:


                                Nama | Name                                               Jabatan | Position


   Budiarto Halim                                                                Direktur Utama | President Director

   Hasan Aula                                                               Wakil Direktur Utama | Vice President Director

   Joy Wahjudi                                                              Wakil Direktur Utama | Vice President Director

   Sintawati Halim                                                                        Direktur | Director

   Djohan Sutanto                                                                         Direktur | Director

   Sim Chee Ping                                                                          Direktur | Director

   Jong Woon Kim                                                                          Direktur | Director

   Elly                                                                                   Direktur | Director

   Mitchella Ardy Hady Wijaya                                                             Direktur | Director

   Keith Ardy Hady Wijaya                                                                 Direktur | Director


  APRESIASI                                                       APPRECIATION
  Mewakili Direksi, perkenankanlah saya mengungkapkan rasa        On behalf of the Board of Directors, allow me to express our
  terima kasih kepada para pemegang saham dan seluruh             sincere gratitude to the shareholders and all stakeholders for
  pemangku kepentingan atas kepercayaan dan dukungannya           their trust in and support for the Company. I would also like to
  kepada Perseroan. Saya juga ingin menyampaikan terima kasih     express our thanks to the Board of Commissioners, who have
  kepada Dewan Komisaris yang telah memberikan nasihat,           provided advice, direction, and support for various important
  arahan, dan dukungan atas berbagai keputusan penting            Company decisions in 2023. I extend my highest appreciation
  Perseroan sepanjang tahun 2023. Penghargaan setinggi-           to all members of the Company who have demonstrated
  tingginya saya sampaikan kepada seluruh insan Perseroan         excellent teamwork, dedication, and integrity, enabling the
  yang telah menunjukkan kerja sama tim yang baik, penuh          Company to overcome various challenges. We hope that
  dedikasi dan integritas sehingga Perseroan dapat melalui        the Company will continue to provide optimal benefits to
  berbagai tantangan yang ada. Semoga Perseroan dapat terus       shareholders, employees, and all stakeholders.
  memberikan manfaat yang optimal bagi pemegang saham,
  karyawan, dan seluruh pemangku kepentingan.




                                                     Atas Nama Direksi
                                              On Behalf of the Board of Directors




                                                       Budiarto Halim
                                                       Direktur Utama
                                                      President Director




2023 ANNUAL REPORT                                                                    P T E R A J AYA S WA S E M B A D A T B K       45
Page 48
      laporan manajemen




     DIREKSI
     BOARD OF DIRECTORS




            1
                     2                      5
                                        4

                               3                1   Djohan Sutanto   2    Elly
                                                    direktur              direktur
                                                    director              director




       3     Budiarto Halim                     4   Jong Woon Kim    5   Joy Wahjudi
             d i r e k t u r u ta m a               direktur             wa k i l d i r e k t u r u ta m a
             president director                     director             vice president director




46   P T E R A J AYA S WA S E M B A D A T B K                                 L A P O R A N TA H U N A N 2 0 2 3
Page 49
                                                                 management reports




  6
          7              10
                     9

                8             6   Mitchella Ardy Hady Wijaya           7    Hasan Aula
                                  direktur                                  wa k i l d i r e k t u r u ta m a
                                  director                                  vice president director




      8   Keith Ardy Hady Wijaya             9   Sim Chee Ping        10     Sintawati Halim
          direktur                               direktur                    direktur
          director                               director                    director




2023 ANNUAL REPORT                                          P T E R A J AYA S WA S E M B A D A T B K            47
Page 50
          laporan manajemen




     PERNYATAAN MANAJEMEN
     ATAS LAPORAN TAHUNAN 2023
     MANAGEMENT’S STATEMENT FOR THE 2023 ANNUAL REPORT


     SURAT PERNYATAAN ANGGOTA DEWAN                                   STATEMENT LETTER OF THE BOARD OF
     KOMISARIS DAN DIREKSI TENTANG TANGGUNG                           COMMISSIONERS AND THE BOARD OF DIRECTORS
     JAWAB ATAS LAPORAN TAHUNAN TAHUN 2023                            REGARDING THE RESPONSIBILITY OF 2023
     PT ERAJAYA SWASEMBADA TBK                                        ANNUAL REPORT OF PT ERAJAYA SWASEMBADA
                                                                      TBK

     Kami yang bertanda tangan di bawah ini menyatakan                We, the undersigned below declare that all information
     bahwa semua informasi dalam laporan tahunan PT Erajaya           contained in the 2023 annual report of PT Erajaya
     Swasembada Tbk tahun 2023 telah dimuat secara lengkap            Swasembada Tbk is complete, and take full responsibility for
     dan bertanggung jawab penuh atas kebenaran isi Laporan           the validity of this Annual Report.
     Tahunan Perusahaan.

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

                                                         Jakarta, 30 April 2024


                                                      DEWAN KOMISARIS
                                                     Board of Commissioners




                                                          Ardy Hady Wijaya
                                                            Komisaris Utama
                                                         President Commissioner




                       Richard Halim Kusuma                                                 Lim Bing Tjay
                               Komisaris                                                 Komisaris Independen
                             Commissioner                                             Independent Commissioner




                      Andreas Harun Djumadi                                         I Gusti Putu Suryawirawan
                               Komisaris                                                 Komisaris Independen
                             Commissioner                                             Independent Commissioner




48      P T E R A J AYA S WA S E M B A D A T B K                                                       L A P O R A N TA H U N A N 2 0 2 3
Page 51
                                                                  management reports




                                         DIREKSI
                                     Board of Directors




                                      Budiarto Halim
                                       Direktur Utama
                                      President Director




          Hasan Aula                    Joy Wahjudi                            Sintawati Halim
      Wakil Direktur Utama          Wakil Direktur Utama                            Direktur
      Vice President Director       Vice President Director                         Director




        Sim Chee Ping                 Djohan Sutanto                           Jong Woon Kim
             Direktur                      Direktur                                 Direktur
             Director                      Director                                 Director




               Elly             Mitchella Ardy Hady Wijaya                Keith Ardy Hady Wijaya
             Direktur                      Direktur                                 Direktur
             Director                      Director                                 Director




2023 ANNUAL REPORT                                            P T E R A J AYA S WA S E M B A D A T B K   49
Page 52

          
Page 53
03
PROFIL
PERUSAHAAN
COMPANY PROFILE




P T E R A J AYA S WA S E M B A D A T B K   L A P O R A N TA H U N A N 2 0 2 3
Page 54
       profil perusahaan




     SEKILAS TENTANG
     ERAJAYA
     ERA JAYA
     AT A GLANCE




52   P T E R A J AYA S WA S E M B A D A T B K   L A P O R A N TA H U N A N 2 0 2 3
Page 55
                                                                c o m pa n y p r o f i l e




                     “Saat ini Erajaya menjalankan kegiatan usaha
                     importir, distribusi dan perdagangan ritel perangkat
                     telekomunikasi selular seperti telepon selular
                     dan tablet, subscriber identity module card (SIM
                     Card), voucher isi ulang operator jaringan selular,
                     aksesoris, perangkat Internet of Things (IoT),
                     penjualan voucher Google Play, serta menawarkan
                     layanan produk Value Added Services, seperti
                     layanan perlindungan ponsel melalui produk
                     TecProtec dan juga layanan pembiayaan ponsel
                     yang bekerja sama dengan perusahaan multifinance
                     terkemuka di Indonesia. Erajaya telah tumbuh
                     menjadi perusahaan yang terbesar dan terpercaya
                     di industrinya di Indonesia.”

                     “Currently, Erajaya engages in the distribution and retail of mobile
                     telecommunication devices, such as mobile phones and tablets,
                     subscriber identity module card (SIM Card), mobile network operator
                     voucher top-up, accessories, Internet of Things (IoT) devices and Google
                     Play Card voucher. In addition, the Company also offers Value Added
                     Services, such as mobile phones protection services through TecProtec
                     and handset leasing service in colaboration with credible multifinance
                     companies in Indonesia. Erajaya has grown as the largest and most
                     trusted companies in its industry in Indonesia.”




2023 ANNUAL REPORT                                           P T E R A J AYA S WA S E M B A D A T B K   53
Page 56
           profil perusahaan




     PT Erajaya Swasembada Tbk (“Erajaya” atau “Perseroan”)            PT Erajaya Swasembada Tbk (“Erajaya” or the “Company”) was
     didirikan dengan nama PT Erajaya Swasembada berdasarkan           established under the name PT Erajaya Swasembada based on
     Akta Pendirian Nomor 7 tanggal 8 Oktober 1996 yang dibuat di      the Deed of Establishment Number 7 dated October 8, 1996
     hadapan Myra Yuwono, SH, Notaris di Sukabumi. Akta Pendirian      made before Myra Yuwono, SH, Notary in Sukabumi. The Deed
     tersebut telah memperoleh persetujuan dari Menteri Kehakiman      of Establishment has obtained approval from the Minister of
     berdasarkan Surat Keputusan No.C2-1270.HT.01.01.TH.97             Justice based on Decree No.C2-1270.HT.01.01.TH.97 dated
     tanggal 24 Februari 1997 dan diumumkan dalam Tambahan             February 24, 1997 and announced in the Supplement to the
     Berita Negara Republik Indonesia No.2016 pada Berita Negara       State Gazette of the Republic of Indonesia No.2016 in the State
     Republik Indonesia No.41, tanggal 23 Mei 1997.                    Gazette of the Republic of Indonesia No.41, dated May 23, 1997.

     Perseroan dan entitas anaknya didirikan dan menjalankan           The Company and its subsidiaries were established and operate
     kegiatan usahanya terutama di Indonesia. Kantor Pusat             their business activities primarily in Indonesia. The Company’s
     Perseroan berlokasi di Jl. Gedong Panjang No. 29 - 31, Jakarta    Head Office is located at Jl. Gedong Panjang No. 29 - 31, Jakarta
     dan beroperasi secara komersial pada tahun 2000.                  and it commenced commercial operations in 2000.

     Anggaran Dasar Perseroan telah mengalami beberapa kali            The Company’s Articles of Association have gone through
     perubahan, terakhir dengan Akta Nomor 03 tanggal 4 Juli           several amendments, most recently by Deed Number 03 dated
     2022 yang dibuat di hadapan R.M. Dendy Soebangil, S.H.,           July 4, 2022, made before R.M. Dendy Soebangil, S.H., M.Kn.,
     M.Kn., Notaris di Jakarta.                                        Notary in Jakarta.




            “Seiring dengan pengembangan usaha yang membutuhkan
            permodalan yang lebih kuat, pada tanggal 14 Desember 2011
            Perseroan melakukan Penawaran Umum Perdana Saham
            sebanyak 920.000.000 lembar saham dengan nilai nominal
            Rp500 per saham dengan harga penawaran Rp1.000 per
            saham di Bursa Efek Indonesia. Dengan aksi korporasi
            tersebut, Perseroan resmi menjadi perusahaan terbuka
            dengan kode saham “ERAA.”

            “Along with business development that requires stronger capital, on December 14, 2011,
            the Company conducted an Initial Public Offering of 920,000,000 shares with a nominal
            value of Rp500 per share at an offering price of Rp1,000 per share on the Indonesia Stock
            Exchange. With this corporate action, the Company officially became a public company
            with the ticker ERAA.”



     Berbekal pengalaman lebih dari 25 tahun di industrinya, saat      Having more than 25 years of experience in the industry,
     ini Erajaya Group dikenal sebagai salah satu perusahaan yang      currently Erajaya Group is known as one of the most trusted
     paling terpercaya dalam usahanya di Indonesia dan memiliki        companies in its business in Indonesia with the wide market
     pangsa pasar serta jaringan mitra yang luas.                      share and partner network.

     Hingga akhir 2023, Erajaya Group telah membangun kemitraan        Up to the end of 2023, Erajaya Group has established strategic
     strategis dengan berbagai merek ternama, meliputi Apple,          partnerships with various well-known brands, including Apple,
     Asus, DJI, Garmin, Google, GoPro, Huawei, Infinix, Nokia, Oppo,   Asus, DJI, Garmin, Google, GoPro, Huawei, Infinix, Nokia, Oppo,
     Realme, Samsung, Vivo, Xiaomi, dan lain-lain. Erajaya Group       Realme, Samsung, Vivo, Xiaomi, and others. Erajaya Group also
     juga menjalin kerja sama dengan operator jaringan selular         cooperates with leading cellular network operators in Indonesia
     terkemuka di Indonesia untuk mendistribusikan produk mereka.      to distribute their products.




54      P T E R A J AYA S WA S E M B A D A T B K                                                          L A P O R A N TA H U N A N 2 0 2 3
Page 57
                                                                                           c o m pa n y p r o f i l e




  Selain memperkuat strategi kemitraan, Perseroan juga              In addition to strengthening the partnership strategy, the
  menerapkan strategi bisnis yang berokus pada pelanggan            Company also implements a customer-centric business strategy
  (customer-centric) dengan secara aktif melebarkan lini bisnis     by actively expanding its business lines through the opening
  melalui pembukaan vertikal-vertikal baru, seperti Erajaya         of new verticals, such as Erajaya Digital which focuses on
  Digital yang berfokus terhadap produk 3C (Communication,          3C products (Communication, Computers, and Consumer
  Computers, dan Consumer Electronics); Erajaya Beauty &            Electronics); Erajaya Beauty & Wellness, which focuses on
  Wellness yang berfokus terhadap produk dan layanan kesehatan      health and beauty products and services; Erajaya Active
  dan kecantikan; Erajaya Active Lifestyle, yang berfokus pada      Lifestyle, which focuses on products and accessories related
  produk dan aksesoris yang berhubungan dengan lifestyle            to customer’s lifestyle through various products such as IoT,
  pelanggan melalui beragam produk seperti IoT, aksesoris, sport    accessories, sports fashion apparel, and others; and Erajaya
  fashion apparel, dan lainnya; dan Erajaya Food & Nourishment,     Food & Nourishment, which focuses on products in the Food,
  yang berfokus terhadap produk di bisnis Food, Beverages, &        Beverages, & Groceries business.
  Supermarket.

  Perseroan juga memiliki sejumlah layanan inovatif untuk           The company also has a variety of innovative services to
  menghadirkan customer experience terbaik seperti Mobile           provide the best customer experience such as Mobile Selling
  Selling dan EraXpress yang merupakan layanan home delivery        and EraXpress which are home delivery services directly from
  service langsung dari toko terdekat sehingga konsumen bisa        the nearest store allowing consumers to receive their ordered
  menerima produk pesanannya dengan cepat.                          products quickly.

  Perseroan juga memiliki layanan omnichannel yang                  The company also has omnichannel services that combine
  menggabungkan pengalaman berbelanja offline dan online            offline and online shopping experiences seamlessly for a better
  secara seamless untuk pengalaman berbelanja yang lebih            shopping experience, such as the “Click N’ Pickup” service where
  baik, seperti layanan “Click N’ Pickup” di mana pelanggan         where after customers complete their transactions online, they
  menyelesaikan transaksinya secara online dan bisa memilih gerai   can choose the intended retail outlet to pick up the product
  ritel yang dituju untuk pengambilan produk secara langsung.       directly.




2023 ANNUAL REPORT                                                                     P T E R A J AYA S WA S E M B A D A T B K        55
Page 58
          profil perusahaan




     IDENTITAS PERSEROAN
     CORPORATE IDENTITY




     n a m a p e ru s a h a a n
     company name
                                           PT E RA JAYA SWASEMBADA TB K

     ta n g g a l p e n d i r i a n        8 Oktober 1996
     date of establishment                 October 8, 1996


     da s a r h u k u m                    Akta Pendirian Nomor 7 tanggal 8 Oktober 1996, dibuat di hadapan Myra Yuwono, S.H.,
                                           Notaris di Sukabumi, yang telah diumumkan dalam Tambahan Berita Negara Republik
     pendirian                             Indonesia No.2016 pada Berita Negara Republik Indonesia No.41 tanggal 23 Mei 1997.
     legal basis of establistment
                                           Deed of Establishment Number 7, dated October 8, 1996, made before Myra Yuwono, S.H.,
                                           Notary in Sukabumi, which has been announced in the Supplement to the State Gazette of
                                           the Republic of Indonesia No.2016 of the State Gazette of the Republic of Indonesia No.41
                                           dated May 23, 1997.


     b i da ng us a h a                    Importir, Peritel & Distribusi Perangkat Telekomunikasi
     line of business                      Importer, Retailer & Distribution of Telecommunication Equipment


     i z i n usa h a                       • Pedagang Besar Berbagai Barang dan Perlengkapan
     business lincense                       Rumah Tangga Lainnya YTDL.
                                             Wholesaler of Various Goods and Other Home Appliances YTDL.
                                           • Perdagangan Besar Mesin, Peralatan dan Perlengkapan Lainnya
                                             Wholesale trade of Machinery, Equipment, and Other Equipment
                                           • Perdagangan Besar Peralatan Telekomunikasi.
                                             Wholesale Trade of Telecommunications Equipment.
                                           • Jasa Sertifikasi
                                             Certification Services


     moda l da s a r
     authorized capital
                                           Rp3.900.000.000.000

     m o d a l d i t e m pat k a n
     & d i s et o r                        Rp1.595.000.000.000
     issued and paid-up capital


     kepemilikan saham                     • PT Eralink International                           (54,51%)
     Per 31 Desember 2023                  • Saham Treasuri | Treasury Stock                     (1,05%)
     share ownership as of
     As of December 31, 2023               • Publik | Public*)                                  (44,44%)
                                           *) Masing-masing kepemilikan di bawah | Each ownership below 5%




56     P T E R A J AYA S WA S E M B A D A T B K                                                              L A P O R A N TA H U N A N 2 0 2 3
Page 59
                                                                                        c o m pa n y p r o f i l e




   p e n c atata n s a h a m          Bursa Efek Indonesia pada tanggal 14 Desember 2011
   stock listing                      Indonesia Stock Exchange on December 14, 2011


   ko d e s a h a m                   ERAA
   ticker code


   j u m l a h k a ryawa n            5.675 Karyawan | Employees
   Per 31 Desember 2023
   number of employees
   As of December 31, 2023



   a l a m at k a n t o r             Erajaya Plaza
                                      Jl. Bandengan Selatan No. 19-20
   p u s at [ P OJ K C . 2 ]          Pekojan – Tambora
   address of head office             Jakarta Barat 11240 – Indonesia

                                              | c o n ta c t s
                                      k o n ta k
                                      T. +62-21 690 5788
                                      F. +62-21 690 5789


   s i t us w eb                      www.erajaya.com
   website


   p e l aya n a n                    T. +62-21 690 5788
                                      F. +62-21 690 5789
   pela ng ga n                       www.erajaya.com/contact-us
   customer ser vice                  customercare@erajaya.com


   s e k r eta r i s                  Amelia Allen
                                      E-mail: dl-corsec@erajaya.com and investor.relations@erajaya.com
   p e ru s a h a a n
   corporate secretar y


   k e a n g g o ta a n d a l a m     • Asosiasi Emiten Indonesia (AEI)
                                        Indonesian Public Listed Companies Association
   a s o s i a s i [ P OJ K C . 5 ]   • Indonesian Corporate Secretary Association (ICSA)
   association membership             • Asosiasi Ponsel Seluruh Indonesia (APSI)
                                        Indonesian Mobile Phone Association
                                      • Himpunan Peritel dan Penyewa Pusat Perbelanjaan Indonesia (HIPPINDO)
                                        Indonesian Retail & Tenant Association




2023 ANNUAL REPORT                                                                  P T E R A J AYA S WA S E M B A D A T B K   57
Page 60
        profil perusahaan




     VISI & MISI PERUSAHAAN                                                                   [POJK C.1]


     COMPANY VISION AND MISSION




                                                    VISI          VISION




                                                 Menyediakan perangkat
                                                 bergerak dan solusi untuk
                                                 meningkatkan kualitas dan
                                                 gaya hidup
                                                 To provide mobility products and solutions to
                                                 improve the quality of life and lifestyle




                                                  MISI
                                                                  MISSION




                                                 Menjadi perusahaan terdepan di
                                                 bidang distribusi dan ritel yang
                                                 memiliki akses langsung kepada
                                                 konsumen dan pengecer secara
                                                 terintegrasi, yang menyediakan
                                                 rangkaian lengkap perangkat
                                                 bergerak dan solusi
                                                 Becoming a leading distribution and retail company with
                                                 integrated direct access to consumers and retailers that offer a
                                                 complete range of mobility products & solutions




58    P T E R A J AYA S WA S E M B A D A T B K                                                   L A P O R A N TA H U N A N 2 0 2 3
Page 61
                               c o m pa n y p r o f i l e




  NILAI-NILAI PERUSAHAAN
  COMPANY CORE VALUES




  INNOVATION

                                  LEADERSHIP
       Berpikir strategis

       Strategic thinking
                                  Kepemimpinan yang
                                  strategis, kemampuan
                                  memimpin orang
   EXCELLENT                      lain dan kemampuan
    CUSTOMER                      mengembangkan

      SERVICE                     orang lain

                                  Strategic leadership,
    Menghargai, bekerja           leading others and
   sama dan lingkungan            developing others
              yang baik

        Reliable partner,
    quality-oriented and
                                  AGILITY
   achievement-oriented
                                  Ketangkasan
                                  dalam berkreasi

          DIGITAL                 Creative agility


         Kesadaran akan
              teknologi

       Technology savvy




2023 ANNUAL REPORT          P T E R A J AYA S WA S E M B A D A T B K   59
Page 62
           profil perusahaan




     BIDANG USAHA                                               [POJK C.4]


     LINE OF BUSINESS


     KEGIATAN USAHA SESUAI ANGGARAN DASAR                             BUSINESS ACTIVITIES ACCORDING TO THE
                                                                      ARTICLES OF ASSOCIATION
     Sesuai dengan pasal 3 Anggaran Dasar terakhir, bidang            In accordance with article 3 of the most recent Articles of
     usaha Perseroan adalah sebagai berikut:                          Association, the Company’s line of business is as follows:

     1. Perdagangan besar, meliputi:                                  1. Wholesale, including:
        a. Perdagangan       besar    berbagai     barang     dan        a. Wholesale of various and other household goods and
           perlengkapan rumah tangga lainnya,                               supplies,
        b. Perdagangan besar peralatan telekomunikasi,                   b. Wholesale of telecommunication equipment,
        c. Perdagangan besar komputer dan perlengkapan                   c. Wholesale of computers and computer equipment,
           komputer,
        d. Perdagangan besar piranti lunak,                                  d. Wholesale of software,
        e. Perdagangan       besar    mesin,    peralatan     dan            e. Wholesale of machinery, equipment and other
           perlengkapan lainnya,                                                supplies,
        f. Perdagangan besar atas dasar balas jasa (fee) atau                f. Wholesale on a fee or contract basis,
           kontrak,
        g. Perdagangan besar peralatan dan perlengkapan                      g. Wholesale of household appliances and supplies,
           rumah tangga,
        h. Perdagangan besar suku cadang elektronik,                     h. Wholesale of electronic parts,
        i. Perdagangan besar mesin kantor dan industri-industri          i. Wholesale of office and processing industries
           pengolahan, suku cadang dan perlengkapannya.                      machinery, spare parts and equipment.
     2. Akivitas dan jasa, meliputi:                                  2. Activities and services, including:
        a. Jasa multimedia lainnya,                                      a. Other multimedia services,
        b. Aktivitas telekomunikasi lainnya - yang tidak termasuk        b. Other telecommunications activities - which are not
           dalam lainnya (YTDL),                                             included in the other (YTDL),
        c. Jasa sertifikasi,                                             c. Certification services,
        d. Aktivitas telekomunikasi dengan kabel,                        d. Cable telecommunication activity,
        e. Jasa sistem komunikasi data,                                  e. Data communication system services,
        f. Jasa internet telepon untuk keperluan publik (ITKP),          f. Telephone internet services for public purposes
                                                                             (ITKP),
        g. Jasa konten SMS premium,                                      g. Premium SMS content services,
        h. Aktivitas jasa informasi lainnya YTDL,                        h. Other information service activities YTDL,
        i. Aktivitas penunjang angkutan lainnya YTDL.                    i. Other transportation support activities YTDL.
     3. Industri, meliputi:                                           3. Industry, including:
        a. Industri komputer dan/atau perakitan komputer,                a. Computer industry and/or computer assembly,
        b. Industri perlengkapan komputer,                               b. Computer equipment industry,
        c. Industri peralatan telepon dan faksimili,                     c. Telephone and facsimile equipment industry,
        d. Industri peralatan komunikasi tanpa kabel (wireless),         d. Wireless communication equipment industry,
        e. Industri peralatan komunikasi lainnya,                        e. Other communications equipment industry,
        f. Industri peralatan audio dan video elektronik lainnya,        f. Manufacture of other electronic audio and video
                                                                             equipment,
        g. Industri alat ukur dan alat uji elektronik.                   g. Electronic measuring instruments and test equipment
                                                                             industry.




60      P T E R A J AYA S WA S E M B A D A T B K                                                        L A P O R A N TA H U N A N 2 0 2 3
Page 63
                                                                                         c o m pa n y p r o f i l e




  KEGIATAN USAHA PENUNJANG                                         SUPPORTING BUSINESS ACTIVITIES
  1. Perdagangan besar, meliputi:                                  1. Wholesale trade, including:
     a. Perdagangan besar alat permainan dan mainan anak-             a. Wholesale of children’s games and toys.
        anak.
     b. Perdagangan besar alat olahraga.                              b. Wholesale of sport equipment.
  2. Akivitas dan jasa, meliputi:                                  2. Activities and services, including:
     a. Jasa multimedia lainnya.                                      a. Other multimedia services.
     b. Aktivitas telekomunikasi lainnya YTDL.                        b. Other telecommunications activities YTDL.
     c. Jasa sertifikasi.                                             c. Certification services.
     d. Aktivitas telekomunikasi dengan kabel.                        d. Cable telecommunication activity.
     e. Jasa sistem komunikasi data.                                  e. Data communication system services.
     f. Jasa internet telepon untuk keperluan publik (ITKP).          f. Telephone internet service for public purposes (ITKP).
     g. Jasa konten SMS premium.                                      g. Premium SMS content service.
     h. Aktivitas jasa informasi lainnya YTDL.                        h. Other information service activities YTDL.
     i. Aktivitas penunjang angkutan lainnya YTDL.                    i. Other transportation support activities YTDL.
  3. Industri, meliputi:                                           3. Industry, including:
     a. Industri komputer dan/atau perakitan komputer.                a. Computer industry and/or computer assembly.
     b. Industri perlengkapan komputer.                               b. Computer equipment industry.
     c. Industri peralatan telepon dan faksimili.                     c. Telephone and facsimile equipment industry.
     d. Industri peralatan komunikasi tanpa kabel (wireless).         d. Wireless communication equipment industry.
     e. Industri peralatan komunikasi lainnya.                        e. Other communications equipment industry.
     f. Industri peralatan audio dan video elektronik lainnya.        f. Manufacture of other electronic audio and video
                                                                          equipment.
     g. Industri alat ukur dan alat uji elektronik.                   g. Electronic measuring instruments and test equipment
                                                                          industry.

  KEGIATAN USAHA YANG DIJALANKAN                                   BUSINESS ACTIVITIES
  Perseroan menjalankan kegiatan usaha importir, distribusi        The Company carries out business activities of importing,
  dan perdagangan ritel perangkat telekomunikasi selular           distributing and retailing of cellular telecommunication
  seperti telepon selular dan tablet, Subscriber Identity Module   devices, such as cellular phones and tablets, Subscriber
  Card (SIM Card), voucher isi ulang operator jaringan selular,    Identity Module Card (SIM Card), cellular network operator
  aksesoris, perangkat Internet of Things (IoT), penjualan         top-up vouchers, accessories, Internet of Things (IoT) devices,
  voucher Google Play, serta menawarkan layanan produk             sales of Google Play top-up vouchers, as well as offering
  Value Added Services, seperti layanan perlindungan ponsel        Value Added Services product services, such as mobile phone
  melalui produk TecProtec dan juga layanan pembiayaan             protection services through TecProtec products as well as
  ponsel yang bekerja sama dengan perusahaan multifinance          mobile phone financing services in collaboration with leading
  terkemuka di Indonesia.                                          multi-finance companies in Indonesia.

  Perseroan juga melebarkan lini bisnis melalui pembukaan          the Company also expanding its business lines through
  vertikal-vertikal baru, seperti Erajaya Digital yang berfokus    the opening of new verticals, such as Erajaya Digital which
  terhadap produk 3C (Communication, Computers, dan                focuses on 3C products (Communication, Computers, and
  Consumer Electronics); Erajaya Beauty & Wellness yang            Consumer Electronics); Erajaya Beauty & Wellness, which
  berfokus terhadap produk dan layanan kesehatan dan               focuses on health and beauty products and services; Erajaya
  kecantikan; Erajaya Active Lifestyle, yang berfokus pada         Active Lifestyle, which focuses on products and accessories
  produk dan aksesoris yang berhubungan dengan lifestyle           related to customer’s lifestyle through various products such
  pelanggan melalui beragam produk seperti IoT, aksesoris,         as IoT, accessories, sports fashion apparel, and others; and
  sport fashion apparel, dan lainnya; dan Erajaya Food &           Erajaya Food & Nourishment, which focuses on products in
  Nourishment, yang berfokus terhadap produk di bisnis Food,       the Food, Beverages, & Groceries business.
  Beverages, & Supermarket.




2023 ANNUAL REPORT                                                                    P T E R A J AYA S WA S E M B A D A T B K       61
Page 64
          profil perusahaan




     PRODUK DAN/ATAU JASA YANG DIHASILKAN                            PRODUCT AND/OR SERVICES
     Saat ini Erajaya Group menawarkan sejumlah produk dan           Currently, Erajaya Group offers a number of products and
     jasa, yaitu:                                                    services, namely:

     A. RITEL                                                        A. RETAIL
        1. Penyedia produk handset dan Internet of Things (IoT)         1. Provider of handset and Internet of Things (IoT)
           melalui gerai Switch, Urban Republic, dan Samsug di              products through Switch, Urban Republic and
           Malaysia yang dipasarkan melalui entitas anak; CG                Samsug outlets in Malaysia that are marketed through
           Computers Sdn Bhd.                                               subsidiaries; CG Computers Sdn Bhd.
        2. Produk Apple (Mac, iPad, iPhone, iWatch, iPod, dan           2. Apple products (Mac, iPad, iPhone, iWatch, iPod,
           Apple TV), software, aksesoris dan perlengkapan lain,            and Apple TV), software, accessories, and other
           yang dipasarkan oleh PT Data Citra Mandiri (DCM).                equipment, that are marketed by PT Data Citra
                                                                            Mandiri (DCM).
        3. Penjualan brand Xiaomi melalui gerai Mi zone dan             3. Sales of Xiaomi brand through Mi zone and Mi
           Mi Store di Singapura, yang dioperasikan oleh Era                Store outlets in Singapore, that are operated by Era
           International Network Pte. Ltd.                                  International Network Pte. Ltd.
        4. Perangkat telekomunikasi dan aksesoris yang                  4. Retail telecommunications equipment and accessories
           dipasarkan secara ritel di Indonesia melalui PT                  that are marketed in Indonesia through PT Erafone
           Erafone Artha Retailindo (Erafone).                              Artha Retailindo (Erafone).
        5. Penjualan produk telekomunikasi selular secara               5. Online sales of cellular telecommunications products
           online yang dioperasikan oleh Erafone Dotcom.                    operated by Erafone Dotcom.
        6. Menjual, mendistribusikan, dan memasarkan produk             6. Selling, distributing, and marketing Singtel products
           Singtel di Singapura melalui Erajaya Swasembada                  in Singapore through Erajaya Swasembada Pte. Ltd.
           Pte. Ltd. bekerja sama dengan Singtel.                           in collaboration with Singtel.
        7. Memberikan pelayanan istimewa melalui pelayanan              7. Providing special services through Erajaya Group
           terintegrasi Erajaya Group (Erafone, iBox, dan Urban             (Erafone, iBox, and Urban Republic) integrated
           Republic) di Eraspace.                                           services at Eraspace.
        8. Ritel aksesoris dan IoT melalui gerai Urban Republic,        8. Retail of accessories and IoT through Urban Republic,
           DJI, dan Garmin yang dioperasikan oleh entitas anak;             DJI and Garmin outlets operated by subsidiaries; PT
           PT Mitra Internasional Indonesia.                                Mitra Internasional Indonesia.
        9. Ritel perangkat telekomunikasi dan aksesoris di              9. Retail of telecommunications equipment and
           Indonesia yang khusus untuk berbagai produk                      accessories in Indonesia, specifically for various
           Samsung melalui PT Nusa Abadi Sukses Artha.                      Samsung products through PT Nusa Abadi Sukses
                                                                            Artha.
        10. Ritel produk perawatan kulit dan kecantikan di              10. Retail of skin care and beauty products in Indonesia
            Indonesia melalui The Face Shop yang dikelola oleh              through The Face Shop managed by PT Nusa
            PT Nusa Gemilang Abadi.                                         Gemilang Abadi.
        11. Ritel bisnis elektronik konsumen melalui toko Erablue       11. Retail of consumer electronics business through
            yang dikelola oleh PT Erablu Elektronik.                        Erablue stores managed by PT Erablu Elektronik.
        12. Ritel bisnis fashion yang berfokus pada penjualan           12. Retail of fashion business focused on selling several
            produk beberapa brand active outdoor apparels                   active outdoor apparel brand products through JD
            melalui toko JD Sports di Indonesia yang dikelola oleh          Sports stores in Indonesia managed by PT JDSports
            PT JDSports Fashion Indonesia.                                  Fashion Indonesia.
        13. Bisnis ritel yang berfokus pada penjualan produk            13. Retail business focused on selling active outdoor
            active outdoor apparels brand ASICS di Indonesia                apparels products of ASICS brand in Indonesia
            melalui PT Era Aktif Indonesia.                                 through PT Era Active Indonesia.
        14. Ritel bisnis café bakery brand Paris Baguette di            14. Retail café bakery business of Paris Baguette brand in
            Indonesia melalui PT Era Boga Patiserindo.                      Indonesia through PT Era Boga Patiserindo.
        15. Bisnis ritel yang berfokus pada grocery store melalui       15. Retail businessfocused on grocery store of Grand
            toko Grand Lucky di Indonesia melalui PT Mitra                  Lucky in Indonesia through PT Mitra Belanja Anda.
            Belanja Anda.
        16. Bisnis ritel yang berfokus pada penjualan produk            16. Retail business focused on selling Wellings pharmacy
            beberapa brand kesehatan apotek Wellings di                     health brand products in Indonesia through PT Era
            Indonesia melalui PT Era Farma Indonesia.                       Farma Indonesia.




62      P T E R A J AYA S WA S E M B A D A T B K                                                      L A P O R A N TA H U N A N 2 0 2 3
Page 65
                                                                                       c o m pa n y p r o f i l e




     17. Ritel bisnis lifestyle yang berfokus untuk produk           17. Retail lifestyle business focused on diving products in
         selam di Indonesia melalui PT Sinar Era Aktif.                  Indonesia through PT Sinar Era Active.
     18. Ritel peralatan golf dengan brand MST GOLF dan              18. Retail of golf club and accessories under the MST
         mengoperasikan pusat golf indoor dengan brand MST               GOLF brand and operates indoor golf centers under
         GOLF ARENA melalui PT MST GOLF Indonesia.                       the MST GOLF ARENA brand through PT MST GOLF
                                                                         Indonesia.
     19. Ritel pakaian wanita dan kebutuhan fashion produk           19. Retail of women’s clothing and fashion needs under
         brand 61TY81GTH melalui PT Era Gaya Indonesia.                  brand 61TY81GTH products through PT Era Gaya
                                                                         Indonesia.

  B. DISTRIBUSI                                                   B. DISTRIBUTION
     1. Distribusi aksesoris perangkat telekomunikasi di             1. Distribution of telecommunication equipment
        Indonesia melalui entitas afiliasi; PT Citra Anugrah            accessories in Indonesia through affiliated entity; PT
        Sukses Abadi.                                                   Citra Anugrah Sukses Abadi.
     2. Authorized      distributor   aksesoris     perangkat        2. Authorized      distributor   of    telecommunication
        telekomunikasi      sekaligus   sebagai     distributor         equipment accessories as well as smartphone
        smartphone di Malaysia, melalui Era International               distributor in Malaysia, through Era International
        Network Sdn. Bhd. (EIN Malaysia).                               Network Sdn. Bhd. (EIN Malaysia).
     3. Menjual, mendistribusikan dan memasarkan produk              3. Selling, distributing and marketing of Indosat Ooredoo
        Indosat Ooredoo melalui jaringan distribusi MMS di              products through the MMS distribution network in
        wilayah pemasaran yang ditentukan oleh Indosat                  the marketing areas determined by Indosat Ooredoo,
        Ooredoo, melalui entitas anak; PT Multi Media Selular           through subsidiary, PT Multi Media Selular (MMS).
        (MMS).
     4. Penyediaan akses “electronic gateway” untuk voucher          4. Provision of “electronic gateway” access for
        elektronik dari berbagai macam perusahaan seperti               electronic vouchers from various companies, such as
        operator telekomunikasi, PLN, dan permainan online,             telecommunication operators, PLN, and online games,
        yang dioperasikan oleh PT Perkasa Prima Sentosa                 operated by PT Perkasa Prima Sentosa (PPS).
        (PPS).
     5. Distribusi perangkat telekomunikasi merek Apple di           5. Distribution of Apple brand telecommunications
        Indonesia, melalui PT Sinar Eka Selaras (SES).                  equipment in Indonesia, through PT Sinar Eka Selaras
                                                                        (SES).
     6. Distribusi peralatan medis yang dikelola oleh                6. Distribution of medical equipment managed by Surya
         Surya Andra Medicalindo, anak usaha PT Era Prima               Andra Medicalindo, a subsidiary of PT Era Prima
         Indonesia (anak usaha Perseroan).                              Indonesia (Subsidiary of the Company.
     7. Distribusi perangkat telekomunikasi di Indonesia             7. Distribution of telecommunications equipment in
         sebagai mitra strategis beberapa prinsipal merek               Indonesia as a strategic partner of several principal
         perangkat telekomunikasi dan produk-produk                     brands of telecommunications equipment and
         operator jaringan terkemuka di Indonesia, dikelola             products of leading network operators in Indonesia,
         oleh PT Teletama Artha Mandiri (TAM).                          managed by PT Teletama Artha Mandiri (TAM).
     8. Distribusi peralatan medis melalui PT Urogen                 8. Distribution of medical equipment through PT Urogen
         Advanced Solutions, entitas anak PT Era Prima                  Advanced Solutions, a subsidiary of PT Era Prima
         Indonesia (entitas anak Perseroan).                            Indonesia (a subsidiary of the Company).
     9. Distribusi fashion yang berfokus pada penjualan              9. Fashion distribution focused on selling several brands
         produk beberapa brand active outdoor apparels di               products of active outdoor apparels at JD Sports
         toko JD Sports di Indonesia melalui PT JDSports                stores in Indonesia through PT JDSports Distribution.
         Distribution.
     10. Distribusi peralatan medis melalui PT Surya Andra           10. Distribution of medical devices through PT Surya
         Medicalindo, entitas anak PT Nusantara Prima Sukses             Andra Medicalindo, a subsidiary of PT Nusantara
         Artha (entitas anak Perseroan).                                 Prima Sukses Artha (a subsidiary of the Company).
     11. Distribusi yang berfokus pada penjualan produk              11. Distribution focused on selling several health brand
         beberapa brand kesehatan melalui apotek Wellings di             products through Wellings pharmacies in Indonesia
         Indonesia yang dikelola oleh PT Era Caring Indonesia.           managed by PT Era Caring Indonesia.
     12. Distribusi peralatan dan aksesoris golf melalui MST         12. Distribution of golf equipments and accessories
         GOLF Indonesia.                                                 through MST GOLF Indonesia.




2023 ANNUAL REPORT                                                                  P T E R A J AYA S WA S E M B A D A T B K       63
Page 66
          profil perusahaan




     C. VALUE ADDED SERVICES                                       C. VALUE ADDED SERVICES
        1. Jasa proteksi untuk produk handset melalui produk          1. Protection services for handset products through
           TecProtec yang dikelola oleh entitas anak; PT Amtrust         TecProtec, managed by subsidiary; PT Amtrust Mobile
           Mobile Solutions Indonesia.                                   Solutions Indonesia.
        2. Penyediaan konsultasi manajemen, teknologi dan jasa        2. Provision of management, technology, and
           outsourcing di Indonesia. Termasuk juga menawarkan            outsourcing consulting services in Indonesia. Also
           integrasi ERP, Supply Chain Management dan                    offers integration of ERP, Supply Chain Management
           POS sistem yang sesuai dengan standar industri,               and POS systems according to industry standards,
           pelatihan-pelatihan terbaik dan dioptimalkan untuk            best training and optimized for local needs. This
           kebutuhan lokal. Bidang usaha ini dikelola oleh PT            line of business is managed by PT Azec Indonesia
           Azec Indonesia Management Services (Azec).                    Management Services (Azec).
        3. Jasa pengelolaan layanan dan hubungan dengan               3. Service management and customer relations (CRM
           pelanggan (CRM & Call Center) melalui entitas anak;           & Call Center) through subsidiary; PT Data Tekno
           PT Data Tekno Indotama.                                       Indotama.




64      P T E R A J AYA S WA S E M B A D A T B K                                                  L A P O R A N TA H U N A N 2 0 2 3
Page 67
                                                                                                  c o m pa n y p r o f i l e




  WILAYAH OPERASIONAL                                                                                   [POJK C.3]


  OPERATIONAL AREAS


      KANTOR PUSAT
      head office




      Alamat Domisili | Domicile Address                        Alamat Korespondensi | Correspondence Address
      Jl. Gedong Panjang No. 29-31                              Erajaya Plaza
      Pekojan – Tambora                                         Jl. Bandengan Selatan No. 19—20
      Jakarta Barat 11240 - Indonesia                           Pekojan – Tambora
                                                                Jakarta Barat 11240 – Indonesia
      Kontak | Contacts
      T +62-21 690 5050                                         Kontak | Contacts
      F +62-21 6983 1225                                        T. +62-21 690 5788
                                                                F. +62-21 690 5789




      ALAMAT ENTITAS ANAK
      a d d r ess o f s u b s i d i a r i es




       PT Erafone Artha Retailindo             PT Sinar Eka Selaras Tbk                 PT Era Boga Nusantara
       Erajaya Plaza,                          Erajaya Plaza,                           Erajaya Plaza,
       Jl. Bandengan Selatan No. 19-20         Jl. Bandengan Selatan No. 19-20          Jl. Bandengan Selatan No. 19-20
       Pekojan - Tambora, Jakarta Barat        Pekojan - Tambora, Jakarta Barat         Pekojan - Tambora, Jakarta Barat
       11240, Indonesia                        11240, Indonesia                         11240, Indonesia


       Erajaya Holding Pte Ltd                 PT Era Prima Indonesia                   PT Nusa Gemilang Abadi
       7 Temasek Boulevard                     Erajaya Plaza,                           Jl. Gedong Panjang No. 29-31
       #17-01 Suntec Tower One                 Jl. Bandengan Selatan No. 19-20          Pekojan-Tambora
       Singapore                               Pekojan - Tambora, Jakarta Barat         Jakarta, Indonesia
                                               11240, Indonesia


       PT Era Sukses Abadi                     PT Indonesia Orisinil Teknologi          PT Azec Indonesia Management
       Jl. Bandengan Selatan No. 19-20         Jl. Bandengan Selatan No. 19-20          Services
       Pekojan - Tambora,                      Pekojan - Tambora, Jakarta Barat         Management Services
       Jakarta Barat                           11240, Indonesia                         Jl. Gedong Panjang No. 29-31
       11240, Indonesia                                                                 Pekojan-Tambora, Jakarta Barat
                                                                                        11240, Indonesia




2023 ANNUAL REPORT                                                                          P T E R A J AYA S WA S E M B A D A T B K   65
Page 68
        profil perusahaan




     PETA WILAYAH OPERASIONAL
     OPERATIONAL AREA MAP


        ACEH            SUMATERA                                   MALAYSIA
                          UTARA                                                                                  KALIMANTAN UTARA & TIMUR
                         NORTH                                                                                   NORTH & EAST KALIMANTAN
                        SUMATERA



                                                                         SINGAPURA
                                                                         SINGAPORE


                                                                                 KALIMANTAN BARAT
                                                                                 WEST KALIMANTAN




                                                                              RIAU
       SUMATERA
         BARAT
     WEST SUMATERA

                                                                                 JAMBI




               SUMATERA
                SELATAN


                                                                                     JAKARTA


                                                                                                                          KALIMANTAN SELATAN
                                                                                                                           SOUTH KALIMANTAN
                                         LAMPUNG




                                                             BANTEN




                                                                                         JAWA BARAT


                                                                                                      JAWA TENGAH
                                                                                                                            JAWA TIMUR
                                                                                                      CENTRAL JAVA                                BALI
                                                                                                                             EAST JAVA


          Ritel Flagship, Ritel Multi-Brand dan Outlet Kerjasama
                                                                                                             YOGYAKARTA
          Retail Flagship, Retail Multi-Brand and Joint Outlet

          Pusat Distribusi
          Distribution Center

          Bisnis Ritel di Malaysia - Switch, Urban Republic dan Erafone
                                                                                                                               NUSA
          Retail Business in Malaysia - Switch, Urban Republic and Erafone
                                                                                                                             TENGGARA
          Pusat Distribusi di Malaysia                                                                                         BARAT
          Distribution Center in Malaysia                                                                                    WEST NUSA
                                                                                                                             TENGGARA
          Bisnis Ritel di Singapura
          Retail Business in Singapore




66    P T E R A J AYA S WA S E M B A D A T B K                                                                   L A P O R A N TA H U N A N 2 0 2 3
Page 69
                                                                                c o m pa n y p r o f i l e




                                               2.049
                                               o u t l et r i te l
                                               Retail Outlets




         SULAWESI
          TENGAH
         CENTRAL
                                               97                              +
                                                                                    70.000
                                               p u s at d i st r i b u s i     r ese l l e r p i h a k k et i g a
         SULAWESI
                                               Distribution Center             3rd Party Billed Outlet




                    GORONTALO




                          SULAWESI TENGGARA       MALUKU
                          SOUTHEAST SULAWESI


SULAWESI SELATAN
 SOUTH SULAWESI




            NUSA TENGGARA TIMUR
            EAST NUSA TENGGARA




      2023 ANNUAL REPORT                                                     P T E R A J AYA S WA S E M B A D A T B K   67
Page 70
        profil perusahaan




     STRUKTUR ORGANISASI
     ORGANIZATIONAL STRUCTRUE
                                                                                      Rapat Umum Pemegang Saham
                                                                                      General Meeting of Shareholders



                                                                                             Dewan Komisaris
                                                                                           Board of Commissioners

                                                                            Ardy Hady Wijaya - Komisaris Utama | President Commissioner
                                                                                  Richard Halim Kusuma - Komisaris | Commissioner
                                                                          Lim Bing Tjay - Komisaris Independen | Independent Commissioner
                                                                   I Gusti Putu Suryawirawan - Komisaris Independen | Independent Commissioner
                                                                                 Andreas Harus Djumadi - Komisaris | Commissioner




                                                                                    Direktur Utama | President Director
                                                                                          CEO Grup | Group CEO

           Sekretaris Perusahaan
                                                                                                 Budiarto Halim
            Corporate Secretary

                 Amelia Allen



        Kepala Hubungan Pemangku                                                        Wakil Presiden Direktur
                Kepentingan                                                              Vice President Director
        Head of Stakeholder Relations                                              Wakil CEO Grup | Deputy Group CEO

                                                                                                  Hasan Aula




        Direktur | Director                   Direktur | Director                         Direktur | Director
      Grup CFO | Group CFO                  Grup CSO | Group CSO                         Grup COO (akting)
                                                                                         Group COO (Acting)
          Sintawati Halim                          Sim Chee Ping
                                                                                              Hasan Aula

       Direktur | Director
        Wakil Grup CFO                                                                   Direktur | Director
       Deputy Group CFO                                                                   Wakil Grup COO
                                                                                         Deputy Group COO
      Keith Ardy Hady Wijaya
                                                                                       Mitchella Ardy Hady Wijaya


                                                 Corporate Strategy & Growth             Human Capital, Legal, General
        Corporate Finance & Tresury
                                                       Transformation                      Affairs, Litigation & CSR

             Victor Fresdy Tan                         Steven Sulung                         Jimmy Perangin Angin

         Finance Operations Digital
                                                      Investor Relations                        Accounting & Tax
                 Business

            Budiharto Gunawan                         Billy Suria Utama                           Syaiful Hayat

       Finance Operations Non-Digital
                                                      Business Process                      Corporate Communication
                 Business

                 Suryawati                        Levy Christianto Handjojo                   Djunadi Putra Satrio


                Purchasing                          Business Development                   Supply Chain Management

            Jemmy Hady Wijaya                          Yan Stephanus                         Arson Wisnu Dewanto


                                                                                             Information Technology

                                                                                            Michael Chung Shing Wu


68    P T E R A J AYA S WA S E M B A D A T B K                                                                    L A P O R A N TA H U N A N 2 0 2 3
Page 71
                                                                                                     c o m pa n y p r o f i l e




             Komite Audit | Audit Committee

            I Gusti Putu Suryawirawan - Chairman
            Khoe Minhari Handikusuma - Member
                  Dadang Mulyana - Member




                                                                                               Steering Commitee


                                                                 Komite Investasi                            Komite Komersial
                                                              Investment Committee                         Commercial Committee

                                                         • Board of Directors                         • Board of Directors
                                                         • Head of Business Unit                      • CEO Vertical


                                                                         Kepala Audit Internal | Head of Internal Audit
 Wakil Presiden Direktur
  CEO Erajaya Digital                                                                     Hendra Wijaya
 Vice President Director
  CEO Erajaya Digital

         Joy Wahjudi




                    Direktur                                  Direktur                                Direktur
                    Director                                  Director                                Director

                 Djohan Sutanto                           Jong Woon Kim                                   Elly




                                                                vertical Businesses


    ERAJAYA DIGITAL &                                                                                                    ERAJAYA FOOD &
                                      ERAJAYA ACTIVE LIFESTYLE              ERAJAYA BEAUTY & WELLNESS
 INTERNATIONAL BUSINESS                                                                                                   NOURISHMENT
          CEO Vertical
                                              CEO Vertical                           CEO Vertical                          CEO Vertical
 Erajaya Digital & International
                                        Erajaya Active & Lifestyle            Erajaya Beauty & Wellness            Erajaya Food & Nourishment
           Buisness

          Joy Wahjudi                        Djohan Sutanto                             Elly                              Gabrielle Halim




2023 ANNUAL REPORT                                                                               P T E R A J AYA S WA S E M B A D A T B K       69
Page 72
       profil perusahaan




     INFORMASI SITUS WEB
     PERUSAHAAN
     THE COMPANY’S WEBSITE INFORMATION



     “Sebagai penerapan prinsip keterbukaan informasi dan mematuhi
     POJK 8/2015 Tentang Situs Web Emiten atau Perusahaan Publik,
     Perseroan memiliki situs web resmi (corporate website) dengan
     alamat www.erajaya.com yang dapat diakses oleh seluruh
     pemangku kepentingan.”

     “As part of implementing the principle of information disclosure and
     complying with the POJK 8/2015 concerning Issuer or Public Company
     Websites, the Company has an official corporate website at www.erajaya.
     com that is accessible to all stakeholders.”




70   P T E R A J AYA S WA S E M B A D A T B K                                  L A P O R A N TA H U N A N 2 0 2 3
Page 73
                                                                                      c o m pa n y p r o f i l e




  Situs web resmi Perseroan menyajikan informasi dengan         The Company’s official website presents information
  benar, jelas dan mudah diakses setiap saat oleh semua pihak   accurately, clearly, and easily accessible at any time by all
  serta disajikan dalam Bahasa Indonesia dan Bahasa Inggris.    parties and presented in Indonesian and English. Information
  Informasi dalam Bahasa Inggris memuat informasi yang sama     in English shall contain the same information as the
  dengan informasi yang disajikan dalam Bahasa Indonesia.       information presented in Indonesian.

  Pada halaman utama (homepage), tersedia bar navigasi          On the homepage, a navigation bar is provided to make
  untuk memudahkan pengunjung mengakses halaman                 it easier for visitors to access the information, which is
  informasi, yang terbagi dalam 5 kategori informasi, yaitu     divided into 5 categories, namely 1) About Us, 2) Corporate
  1) Tentang Kami, 2) Tata Kelola Perusahaan, 3) Line of        Governance, 3) Line of Verticals, 4) Investor Relations, 5)
  Verticals, 4) Hubungan Investor, 5) Sosial dan Acara, dan     Social and Events, and an Eraspace button to access Eraspace.
  tombol Eraspace, yaitu link untuk mengakses Eraspace.com,     com, the Company’s online store which is the largest and
  toko online Perseroan yang merupakan lifestyle dan smart      leading lifestyle and smart retailer in Indonesia.
  retailer terbesar dan terkemuka di Indonesia.

  Secara berkala, Perseroan menyempurnakan kualitas             The Company regularly improves the quality of presentations
  penyajian dan memperbarui informasi yang ada di dalam         and updates the information shared on the website.
  situs web tersebut.

  MEDIA SOSIAL                                                  SOCIAL MEDIA
  Selain menyediakan situs web sebagai saluran keterbukaan      In addition to providing a website as a channel for information
  informasi, Perseroan mengoptimalkan pemanfaatan media         disclosure, the Company optimizes the use of social media as
  sosial sebagai media komunikasi dan penyebaran informasi      a medium of communication and dissemination of information
  kepada masyarakat luas. Melalui platform media sosial,        to the public. Through social media platforms, the Company
  Perseroan membagikan informasi seputar perusahaan,            shares information about the company, its products,
  produk dan jasa maupun informasi lainnya yang berhubungan     and services as well as other information related to the
  dengan kegiatan Perseroan. Akun media sosial yang dimiliki    Company’s activities. The Company’s social media accounts
  adalah Facebook (PT Erajaya Swasembada Tbk) dan               are Facebook (PT. Erajaya Swasembada Tbk) dan Instagram
  Instagram (erajayaswasembada).                                (erajayaswasembada).




2023 ANNUAL REPORT                                                                 P T E R A J AYA S WA S E M B A D A T B K       71
Page 74
            profil perusahaan




     PROFIL DEWAN KOMISARIS
     PROFILE OF THE BOARD OF COMMISSIONERS




                                                                                 Ardy Hady Wijaya
                                                                                 k o m i s a r i s u ta m a
                                                                                 p r e s i d e n t co m m i s s i o n e r




                                                                                 WARGANEGARA                        USIA                 DOMISILI
                                                                                 Citizenship                        Year                 Domicile
                                                                                 Indonesia                          58 years old
                                                                                                                          ta h u n
                                                                                                                                         Jakarta




     Lulus dari SMA Tarakanita 2 Pluit pada tahun 1985, beliau merupakan          He graduated from SMA Tarakanita 2 Pluit in 1985. He is one of the
     salah satu pendiri Perseroan.                                                founders of the Company.

     Beliau pertama kali menjabat sebagai Komisaris Utama Perseroan pada          He was first served as the President Commissioner of the Company in
     tahun 1998 dan diangkat kembali berdasarkan Akta Berita Acara RUPS           1998 and was reappointed based on the Deed of Minutes of the Annual
     Tahunan PT Erajaya Swasembada Tbk Nomor 08 Tanggal 23 Juni 2022.             GMS of PT Erajaya Swasembada Tbk Number 08 dated June 23, 2022.

     Saat ini beliau juga menjabat sebagai Komisaris Utama di beberapa entitas    Currently, he also serves as President Commissioner in several subsidiaries
     anak Perseroan yakni PT Teletama Artha Mandiri, PT Nusa Abadi Sukses         of the Company, including PT Teletama Artha Mandiri, PT Nusa Abadi
     Artha, PT Multi Media Seluler, dan PT Data Media Telekomunikasi serta        Sukses Artha, PT Multi Media Seluler, and PT Data Media Telekomunikasi,
     Komisaris PT Era Sukses Abadi.                                               as well as Commissioners of PT Era Sukses Abadi .

     Sebelum mendirikan Perseroan, beliau bekerja di sebuah department store      Prior to establishing the Company, he worked in a family-owned
     milik keluarga di Indonesia.                                                 department store in Indonesia.

     Beliau memiliki hubungan keluarga dengan Richard Halim Kusuma                He has family relationships with Richard Halim Kusuma (Commissioner),
     (Komisaris), Budiarto Halim (Direktur Utama), Sintawati Halim (Direktur),    Budiarto Halim (President Director), Sintawati Halim (Director), Mitchella
     Mitchella Ardy Hady Wijaya (Directur), dan Keith Ardy Hady Wijaya            Ardy Hady Wijaya (Director), dan Keith Ardy Hady Wijaya (Director).
     (Direktur).




72       P T E R A J AYA S WA S E M B A D A T B K                                                                          L A P O R A N TA H U N A N 2 0 2 3
Page 75
                                                                                                    c o m pa n y p r o f i l e




                                                                   Richard Halim
                                                                   Kusuma
                                                                   komisaris
                                                                   co m m i s s i o n e r




                                                                   WARGANEGARA                      USIA                 DOMISILI
                                                                   Citizenship                      Year                 Domicile
                                                                   Indonesia                        44 years old
                                                                                                          ta h u n
                                                                                                                         Jakarta




  Memperoleh gelar Bachelor of Science in Management Studies dari         He obtained a a Bachelor of Science in Management Studies from
  Northeastern University, Boston, USA pada tahun 2004.                   Northeastern University, Boston, USA, in 2004.

  Beliau pertama kali menjabat sebagai Komisaris Perseroan pada tahun     He was first appointed as the Commissioner of the Company in 2010 and
  2010 dan diangkat kembali berdasarkan Akta Berita Acara RUPS Tahunan    was reappointed based on the Deed of Minutes of the Annual GMS of PT
  PT Erajaya Swasembada Tbk Nomor 08 Tanggal 23 Juni 2022.                Erajaya Swasembada Tbk Number 08 dated June 23, 2022.

  Beliau juga merangkap jabatan sebagai Direktur PT Agung Sedayu dan      He has concurrent position as Director of PT Agung Sedayu and
  Komisaris PT Bank Artha Graha International Tbk.                        Commissioner of PT Bank Artha Graha International Tbk.

  Sebelumnya beliau menjabat sebagai Direktur Perseroan (2006 – 2011),    Previously, he served as Director of the Company (2006 – 2011), Director
  Direktur PT Elang Perdana (2004 – 2006), dan Direktur PT Kia Mobil      of PT Elang Perdana (2004 – 2006), and Director of PT Kia Mobil Indonesia
  Indonesia (2002 – 2004).                                                (2002 – 2004).

  Beliau memiliki hubungan keluarga dengan Ardy Hady Wijaya (Komisaris    He has family relationships with Ardy Hady Wijaya (President
  Utama), Budiarto Halim (Direktur Utama), Sintawati Halim (Direktur),    Commissioner), Budiarto Halim (President Director), Sintawati Halim
  Mitchella Ardy Hady Wijaya (Directur), dan Keith Ardy Hady Wijaya       (Director), Mitchella Ardy Hady Wijaya (Directur), and Keith Ardy Hady
  (Direktur).                                                             Wijaya (Direktur).




2023 ANNUAL REPORT                                                                              P T E R A J AYA S WA S E M B A D A T B K              73
Page 76
            profil perusahaan




                                                                               Andreas Harun
                                                                               Djumadi
                                                                               komisaris
                                                                               co m m i s s i o n e r




                                                                               WARGANEGARA                      USIA                 DOMISILI
                                                                               Citizenship                      Year                 Domicile
                                                                               Indonesia                        68 years old
                                                                                                                       ta h u n
                                                                                                                                     Jakarta




     Memperoleh gelar Sarjana Akuntansi dari Universitas Indonesia pada         He obtained a Bachelor of Accounting from the University of Indonesia in
     tahun 1980.                                                                1980.

     Beliau diangkat sebagai Direktur Perseroan berdasarkan Akta Pernyataan     He was appointed as Director of the Company based on the Deed of
     Keputusan RUPS Tahunan PT Erajaya Swasembada Tbk Nomor 23                  Decision Statement of the Annual GMS of PT Erajaya Swasembada Tbk
     Tanggal 30 Juni 2023.                                                      Number 23 dated June 30, 2023.

     Sebelumnya pernah menjabat sebagai Direktur PT Erajaya Swasembada          Previously, he served as Director of PT Erajaya Swasembada Tbk from
     Tbk (2011 – 2022), Komisaris Utama PT KIA Indonesia Motor (2008 –          2011 to 2022, President Commissioner of PT KIA Indonesia Motor (2008 –
     2017), Komisaris Utama PT KIA Mobil Indonesia (2008 – 2017), Komisaris     2017), President Commissioner of PT KIA Mobil Indonesia (2008 – 2017),
     Perseroan (2010 – 2011), dan Direktur Finance & Accounting PT KIA Mobil    Commissioner of the Company (2010 – 2011), and Director of Finance &
     Indonesia dan PT KIA Indonesia Motor (2000 – 2008).                        Accounting at PT KIA Mobil Indonesia and PT KIA Indonesia Motor (2000
                                                                                – 2008).

     Beliau tidak memiliki hubungan afiliasi dengan Pemegang Saham Utama        He has no affiliated relationships with the Major Shareholders of the
     Perseroan maupun dengan sesama anggota Dewan Komisaris dan Direksi         Company nor with fellow members of the Board of Commissioners and
     Perseroan.                                                                 Board of Director of the Company.




74       P T E R A J AYA S WA S E M B A D A T B K                                                                      L A P O R A N TA H U N A N 2 0 2 3
Page 77
                                                                                                         c o m pa n y p r o f i l e




                                                                             Lim Bing Tjay
                                                                             k o m i s a r i s i n d epe n d e n
                                                                             i n d e p e n d e n t co m m i s s i o n e r




                                                                             WARGANEGARA                        USIA                  DOMISILI
                                                                             Citizenship                        Year                  Domicile
                                                                             Indonesia                          73 years old
                                                                                                                      ta h u n
                                                                                                                                      Jakarta




  Memperoleh gelar Bachelor dari Institute of Computer NOVI, Amsterdam,       He obtained a bachelor’s degree from the Institute of Computer NOVI,
  Netherlands pada tahun 1971.                                                Amsterdam, Netherlands in 1971.

  Beliau pertama kali menjabat sebagai Komisaris Independen Perseroan         He was first appointed as the Independent Commissioner of the Company
  pada tahun 2011 berdasarkan Akta Berita Acara RUPS Luar Biasa Nomor         in 2011 based on the Deed of Minutes of the Extraordinary GMS Number 2
  2 Tanggal 3 Agustus 2011 dan diangkat kembali untuk periode ketiga          dated August 3, 2011 and was reappointed based on the Deed of Minutes
  berdasarkan Akta Berita Acara RUPS Tahunan PT Erajaya Swasembada            of the Annual GMS of PT Erajaya Swasembada Tbk Number 08 dated June
  Tbk Nomor 08 Tanggal 23 Juni 2022.                                          23, 2022.

  Beliau memiliki 29 tahun pengalaman di berbagai posisi penting/strategis    He has 29 years of experience in various key/strategic positions as
  sebagai Direktur Utama/CEO di berbagai world class multinational            President Director/CEO in various world class multinational companies
  company serta perusahaan teknologi informasi dan telekomunikasi di          as well as information and telecommunication technology companies in
  Indonesia. Sebelumnya, beliau juga memiliki 11 tahun pengalaman             Indonesia. Previously, he also had 11 years of experience in various senior
  menempati berbagai posisi manajemen senior managemen di beberapa            management positions in several large information technology companies
  perusahaan teknologi informasi besar di Belanda.                            in the Netherlands.

  Beliau tidak memiliki hubungan afiliasi dengan Pemegang Saham Utama         He has no affiliated relationships with the Major Shareholders of the
  Perseroan maupun dengan sesama anggota Dewan Komisaris dan Direksi          Company nor with fellow members of the Board of Commissioners and
  Perseroan.                                                                  Board of Director of the Company.


  PERNYATAAN INDEPENDENSI                                                     STATEMENT OF INDEPENDENCE
  Sehubungan dengan jabatannya sebagai Komisaris Independen Perseroan,        In connection with his position as an Independent Commissioner of the
  Bapak Lim Bing Tjay menyatakan selama menjabat sebagai Komisaris            Company, Mr. Lim Bing Tjay stated that while serving as an Independent
  Independen akan tetap bertindak independen dalam melaksanakan               Commissioner he will continue to act independently in carrying out its
  fungsi pengawasannya terhadap pengurusan Perseroan sebagaimana              supervisory function over the management of the Company in accordance
  ketentuan yang berlaku di Pasar Modal. Sesuai Pasal 25 Peraturan            with the provisions applicable in the Capital Market. In accordance with
  Otoritas Jasa Keuangan Nomor 33/POJK.04/2014, dan telah memberikan          Article 25 of the Financial Services Authority Regulation Number 33/
  Surat Pernyataan Independensi sebagai Komisaris Independen kepada           POJK.04/2014, an has submitted The Statement of Independence of the
  RUPS Tahunan tanggal 23 Juni 2022 untuk memenuhi persyaratan bagi           Independent Commissioners to Annual GMS on June 23, 2022 to meet the
  Komisaris Independen yang telah menjabat lebih dari 2 (dua) periode.        requirement for Independent Commissioner who has served for more than
                                                                              2 (two) terms of office.




2023 ANNUAL REPORT                                                                                   P T E R A J AYA S WA S E M B A D A T B K               75
Page 78
            profil perusahaan




                                                                           I Gusti Putu
                                                                           Suryawirawan
                                                                           k o m i s a r i s i n d epe n d e n
                                                                           i n d e p e n d e n t co m m i s s i o n e r




                                                                           WARGANEGARA                       USIA                  DOMISILI
                                                                           Citizenship                       Year                  Domicile
                                                                           Indonesia                         65 years old
                                                                                                                    ta h u n
                                                                                                                                   Tangerang




     Memperoleh gelar Insinyur Teknik Industri dari Institut Teknologi Bandung    He obtained his Bachelor of Industrial Engineering from Bandung Institute
     pada tahun 1982.                                                             of Technology in 1982.

     Beliau diangkat sebagai Komisaris Perseroan pada berdasarkan Akta            He was appointed as the Independent Commissioner of the Company based
     Berita Acara RUPS Tahunan PT Erajaya Swasembada Tbk Nomor 08                 on the Deed of Minutes of the Annual GMS of PT Erajaya Swasembada Tbk
     Tanggal 23 Juni 2022.                                                        Number 08 dated June 23, 2022.

     Beliau juga merangkap jabatan sebagai Staf Khusus Menteri Koordinator        He has concurrent position as Special Staff of the Coordinating Minister for
     bidang Pembangunan Industri dan Kawasan pada Kementerian Koordinator         Industrial and Regional Development Sector at the Coordinating Ministry
     Bidang Perekonomian Republik Indonesia sejak 2019.                           of Economic Affairs of the Republic of Indonesia since 2019.

     Sepanjang perjalanan karirnya, beliau telah menempati posisi-posisi          Throughout his career, he occupied strategic positions in the Ministry of
     strategis di Kementerian Perindustrian sebagai Direktur Industri             Industry as Director of Electronics and Telematics Industry (2000 - 2004),
     Elektronika dan Telematika (2000 - 2004), Direktur Industri Logam (2005      Director of Metal Industry (2005 - 2010), Director of Metal Basic Material
     - 2010), Direktur Industri Material Dasar Logam (2010 - 2012), Direktur      Industry (2010 - 2012), Director of Industry Facilities Development of
     Pengembangan Fasilitasi Industri Wilayah I (2012 - 2015), Direktur           Region I (2012 - 2015), Director General of Metal, Machine, Transportation,
     Jenderal Industri Logam Mesin Alat Transportasi dan Elektronika (2015        and Electronics Industry (2015 - 2017), Director General of Security and
     - 2017), Direktur Jenderal Ketahanan dan Pengembangan Akses Industri         Development of International Industry Access concurrently as Director
     Internasional merangkap Direktur Jenderal Pengembangan Perwilayahan          General Industry Area Development (2017 - 2018), dan Special Staff to
     Industri (2017 - 2018), dan Staf Khusus Menteri Perindustrian Bidang         the Minister of Industry for Investment and Inter-Institutional Relations
     Investasi dan Hubungan Antar Lembaga (2018 - 2019).                          (2018 - 2019).

     Selain Kementerian beliau juga pernah menjabat pada Badan Usaha Milik        In addition, he has also served in State-Owned Enterprises, as
     Negara, sebagai Komisaris PT Krakatau Steel (Persero) Tbk (2017 - 2018),     Commissioner of PT Krakatau Steel (Persero) Tbk (2017 - 2018),
     Komisaris PT Rekayasa Industri (2016-2018), dan Komisaris Utama PT           Commissioner of PT Rekayasa Industri (2016 - 2018), and President
     Krakatau Engineering (2007-2012).                                            Commissioner of PT Krakatau Engineering (2007 - 2012).

     Beliau tidak memiliki hubungan afiliasi dengan Pemegang Saham Utama          He has no affiliated relationships with the Major Shareholders of the
     Perseroan maupun dengan sesama anggota Dewan Komisaris dan Direksi           Company nor with fellow members of the Board of Commissioners and
     Perseroan.                                                                   Board of Director of the Company.




76       P T E R A J AYA S WA S E M B A D A T B K                                                                          L A P O R A N TA H U N A N 2 0 2 3
Page 79
                                                                                 c o m pa n y p r o f i l e




  PERUBAHAN KOMPOSISI
  DEWAN KOMISARIS PADA
  TAHUN BUKU 2023
  CHANGES IN THE COMPOSITION OF THE
  BOARD OF COMMISSIONERS IN THE FISCAL
  Y EAR 2023

  RUPS Tahunan tanggal 30 Juni 2023 menyetujui mengangkat   The Annual GMS on June 30, 2023, approved the appointment
  Bapak Andreas Harun Djumadi sebagai Komisaris Perseroan   of Mr. Andreas Harun Djumadi as Commissioner of the
  terhitung sejak tanggal ditutupnya Rapat sampai dengan    Company starting from the closing date of Meeting until the
  akhir periode jabatan Dewan Komisaris Perseroan lainnya   end of the other term of office of the Company’s Board of
  yaitu hingga penutupan RUPS Tahunan Perseroan tahun       Commissioners, namely until the closing of the Company’s
  buku 2026 yang akan diselenggarakan pada tahun 2027       Annual GMS for the financial year 2026 to be held in 2027 by
  dengan memperhatikan peraturan Pasar Modal, namun         taking into account Capital Market regulations, but without
  dengan tidak mengurangi hak RUPS untuk memberhentikan     prejudice to the right of the GMS to dismiss the person
  yang bersangkutan sewaktu-waktu.                          concerned at any time.

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


                              Jabatan | Position                                         Nama | Name


   Komisaris Utama                                                                     Ardy Hady Wijaya
   President Commissioner

   Komisaris                                                                         Richard Halim Kusuma
   Commissioner

   Komisaris Independen                                                                  Lim Bing Tjay
   Independent Commissioner

   Komisaris Independen                                                            I Gusti Putu Suryawirawan
   Independent Commissioner

   Komisaris                                                                        Andreas Harun Djumadi
   Commissioner




2023 ANNUAL REPORT                                                            P T E R A J AYA S WA S E M B A D A T B K     77
Page 80
        profil perusahaan




     PROFIL DIREKSI
     PROFILE OF THE BOARD OF DIRECTORS




                                                              Budiarto Halim
                                                              d i r e k t u r u ta m a
                                                              p r e s i d e n t d i r e c to r
                                                              group chief executive officer




                                                              WARGANEGARA                       USIA                  DOMISILI
                                                              Citizenship                       Year                  Domicile
                                                              Indonesia                         57 years old
                                                                                                     ta h u n
                                                                                                                      Jakarta




                                                 Memperoleh gelar Bachelor of Business            He obtained a Bachelor of Business
                                                 Administration dari San Francisco State          Administration from San Francisco State
                                                 University pada tahun 1990. Beliau adalah        University in 1990. He was awarded Ernst
                                                 penerima penghargaan Ernst and Young             and Young Indonesia Entrepreneur of the Year
                                                 Indonesia Entrepreneur of the Year 2012 dari     2012 by Ernst and Young and Businessperson
                                                 Ernst and Young dan Businessperson of the        of the Year 2021 by Fortune Indonesia.
                                                 Year 2021 dari Fortune Indonesia.

                                                 Beliau pertama kali diangkat sebagai             He was first appointed as the President
                                                 Direktur Utama Perseroan pada tahun 2017         Director of the Company in 2017 and was
                                                 dan diangkat kembali berdasarkan Akta            reappointed based on the Deed of Minutes of
                                                 Berita Acara RUPS Tahunan PT Erajaya             the Annual GMS of PT Erajaya Swasembada
                                                 Swasembada Tbk Nomor 08 Tanggal 23 Juni          Tbk Number 08 dated June 23, 2022.
                                                 2022.




78    P T E R A J AYA S WA S E M B A D A T B K                                                                  L A P O R A N TA H U N A N 2 0 2 3
Page 81
                                                                                                            c o m pa n y p r o f i l e




     Saat ini beliau juga menjabat di beberapa posisi pada entitas         Currently, he also serves in several positions at Subsidiaries as:
     anak yakni:                                                           • President Director of PT Era Sukses Abadi.
     • Direktur Utama PT Era Sukses Abadi.                                 • Director of Erajaya Digital Retail Pte. Ltd, Eraspace Pte. Ltd.,
     • Direktur Erajaya Digital Retail Pte. Ltd, Eraspace Pte. Ltd.,          Switch Malaysia Sdn. Bhd., Eravest Holding Pte. Ltd., Era
        Switch Malaysia Sdn. Bhd., Eravest Holding Pte. Ltd., Era             International Network Pte. Ltd., Era International Network
        International Network Pte. Ltd., Era International Network            Sdn. Bhd., Erajaya Holding Pte. Ltd., Erajaya Digital Pte. Ltd.,
        Sdn. Bhd., Erajaya Holding Pte. Ltd., Erajaya Digital Pte. Ltd.,      Switch Concept Sdn. Bhd., Urban Republic Sdn. Bhd., Erajaya
        Switch Concept Sdn. Bhd., Urban Republic Sdn. Bhd., Erajaya           Swasembada Pte. Ltd., Techero Sdn. Bhd., Erafone Retails
        Swasembada Pte. Ltd., Techero Sdn. Bhd., Erafone Retails              Malaysia Sdn. Bhd., CG Computers Sdn. Bhd., Venturistic
        Malaysia Sdn. Bhd., CG Computers Sdn. Bhd., Venturistic               Mobile Network Sdn.Bhd., and Era Tech Communication Pte.
        Mobile Network Sdn.Bhd., dan Era Tech Communication Pte.              Ltd.
        Ltd.
     • Komisaris PT Mega Mulia Servindo, PT Indonesia Orisinil             •   Commissioner of PT Mega Mulia Servindo, PT Indonesia
        Teknologi, PT Teletama Artha Mandiri, PT Era Boga                      Orisinil Teknologi, PT Teletama Artha Mandiri, PT Era Boga
        Nusantara, PT Era Farma Indonesia, PT JDSports Fashion                 Nusantara, PT Era Farma Indonesia, PT JDSports Fashion
        Distribution, PT Sushi Tei Indonesia, PT Data Tekno                    Distribution, PT Sushi Tei Indonesia, PT Data Tekno Indotama,
        Indotama, PT Era Prima Medika, PT Nusa Abadi Sukses                    PT Era Prima Medika, PT Nusa Abadi Sukses Artha, and
        Artha, PT Data Citra Mandiri, PT Erafone Artha Retailindo,             PT Data Citra Mandiri, PT Erafone Artha Retailindo,
        PT Erafone Dotcom, dan PT Era Boga Pretzel.                            PT Erafone Dotcom, and PT Era Boga Pretzel.
     • Komisaris Utama PT Sinar Eka Selaras Tbk, PT Era Aktif              •   President Commissioner of PT Sinar Eka Selaras Tbk, PT Era
        Indonesia, PT Mitra Internatioal Indonesia Distribusi,                 Aktif Indonesia, PT Mitra Internatioal Indonesia Distribusi,
        PT NASA Distribusi Indonesia, PT Era Prima Indonesia,                  PT NASA Distribusi Indonesia, PT Era Prima Indonesia,
        PT Jagad Utama Lestari, PT Mitra International Indonesia,              PT Jagad Utama Lestari, and PT Mitra International Indonesia,
        PT Prakarsa Prima Sentosa, PT Era Aktif Distribusi, dan                PT Prakarsa Prima Sentosa, PT Era Aktif Distribusi, and
        PT Era Gaya Indonesia.                                                 PT Era Gaya Indonesia.

     Sebelumnya, beliau menjabat sebagai Direktur Prima Pesona             Previously he served as Director of Prima Pesona Prakarsa
     Prakarsa (2012 – 2016), Komisaris PT Erafone Artha Retailindo         (2012 – 2016), Commissioner of PT Erafone Artha Retailindo
     (2012 – 2014), Direktur PT Era Sukses Abadi (2011 – 2015),            (2012 – 2014), Director of PT Era Sukses Abadi (2011 – 2015),
     Komisaris PT Data Media Telekomunikasi (2010 – 2014),                 Commissioner of PT Data Media Telekomunikasi (2010 – 2014),
     Komisaris PT Mobile World Indonesia (2010 – 2015), Direktur           Commissioner of PT Mobile World Indonesia (2010 – 2015),
     PT Multi Media Selular (2010 – 2011), Komisaris PT Multi Media        Director of PT Multi Media Selular (2010 – 2011), Commissioner
     Selular (2008 – 2010), Komisaris PT Erafone Dotcom (2008 –            of PT Multi Media Selular (2008 – 2010), Commissioner of
     2013), CEO PT Kia Mobil Indonesia (2000 – 2005), dan Direktur         PT Erafone Dotcom (2008 – 2013), CEO of PT Kia Mobil
     PT Puspita Bisnispuri (1997 – 2000).                                  Indonesia (2000 – 2005), and Director of PT Puspita Bisnispuri
                                                                           (1997 – 2000).

     Beliau memiliki hubungan keluarga dengan Ardy Hady Wijaya             He has family relationships with Ardy Hady Wijaya (President
     (Komisaris Utama) sebagai adik ipar, Richard Halim Kusuma             Commissioner) as brother-in-law, Richard Halim Kusuma
     (Komisaris) sebagai paman, Sintawati Halim (Direktur) sebagai         (Commissioner) as uncle, Sintawati Halim (Director) as a
     saudara, Mitchella Ardy Hady Wijaya (Direktur) sebagai paman          brother, Mitchella Ardy Hady Wijaya (Director) as uncle, and
     dan Keith Ardy Hady Wijaya (Direktur) sebagai paman.                  Ketih Ardy Hady Wijaya (Director) as uncle.




2023 ANNUAL REPORT                                                                                     P T E R A J AYA S WA S E M B A D A T B K   79
Page 82
            profil perusahaan




                                                                                   Hasan Aula
                                                                                   wa k i l d i r e k t u r u ta m a
                                                                                   v i c e p r e s i d e n t d i r e c to r
                                                                                   d ep u t y g r o u p c h i e f e x e c u t i v e o f f i c e r




                                                                                   WARGANEGARA                       USIA                 DOMISILI
                                                                                   Citizenship                       Year                 Domicile
                                                                                   Indonesia                         60 years old
                                                                                                                            ta h u n
                                                                                                                                          Jakarta




     Memperoleh gelar Insinyur Teknologi Pangan dari Institut Pertanian Bogor       He obtained a degree in Food Technology Engineering from the Bogor
     pada tahun 1987 dan Master of Business Administration dari Institut            Agricultural Institute in 1987 and a Master of Business Administration
     Pengembangan Manajemen Indonesia pada tahun 1990.                              from the Indonesia Institute for Management Development in 1990.

     Beliau pertama kali diangkat sebagai Wakil Direktur Utama Perseroan            He was first appointed as the Vice President Director of the Company in
     pada tahun 2012 dan diangkat kembali berdasarkan Akta Berita Acara             2012 and was reappointed based on the Deed of Minutes of the Annual
     RUPS Tahunan PT Erajaya Swasembada Tbk Nomor 08 Tanggal 23 Juni                GMS of PT Erajaya Swasembada Tbk Number 08 dated June 23, 2022.
     2022.

     Saat ini beliau juga menjabat di beberapa posisi pada entitas anak sebagai:    Currently, he also holds several positions in subsidiaries as:
     • Direktur Utama PT Citra Anugrah Sukses Abadi.                                • President Director of PT Citra Anugrah Sukses Abadi.
     • Komisaris PT Sinar Eka Selaras Tbk, PT Era Prima Indonesia, PT Mandiri       • Commissioner of PT Sinar Eka Selaras Tbk, PT Era Prima Indonesia,
        Sinergi Niaga, PT Jagad Utama Lestari, PT Mitra International Indonesia        PT Mandiri Sinergi Niaga, PT Jagad Utama Lestari, PT Mitra
        Distribusi, PT NASA Distribusi Indonesia, PT Era Aktif Indonesia,              International Indonesia Distribusi, PT NASA Distribusi Indonesia,
        PT Teletama Artha Mandiri, Multi Media Seluler, PT Nusa Gemilang               PT Era Aktif Indonesia, PT Teletama Artha Mandiri, Multi Media Seluler,
        Abadi, PT Era Maju Terus, PT Era Koipi Anda, PT Mitra International            PT Nusa Gemilang Abadi, PT Era Maju Terus, PT Era Koipi Anda,
        Indonesia, PT Era Aktif Distribusi, PT Era Gaya Indonesia, dan PT Era          PT Mitra International Indonesia, PT Era Aktif Distribusi, PT Era Gaya
        Gaya Distribusi.                                                               Indonesia, and PT Era Gaya Distribusi.
     • Komisaris Utama PT Sinar Era Aktif dan PT MST Golf Distribution.             • President Commissioner of PT Sinar Era Aktif dan PT MST Golf
                                                                                       Distribution.
     •   Direktur PT Erafone Dotcom.                                                • Director of PT Erafone Dotcom.

     Selain itu, beliau juga menjabat sebagai Ketua Asosiasi Ponsel Seluruh         In addition, he also serves as Chairman of the Indonesian Cellular Phone
     Indonesia (APSI), dan Wakil Ketua Himpunan Penyewa Pusat Perbelanjaan          Association (APSI) and Deputy Chairman of the Indonesian Shopping
     Indonesia (HIPPINDO).                                                          Center Tenants Association (HIPPINDO).

     Sebelumnya beliau memiliki pengalaman di industri telekomunikasi               Previously, he had 12 years of experience in telecommunications (1998
     selama 12 tahun (1998 – 2010) sebagai Country Manager PT Nokia Mobile          – 2010) as Country Manager of PT Nokia Mobile Phones Indonesia,
     Phones Indonesia, Executive Advisory PT Nokia Mobile Phones Indonesia,         Executive Advisory of PT Nokia Mobile Phones Indonesia, and Director of
     Direktur PT Nokia Mobile Phones Indonesia.                                     PT Nokia Mobile Phones Indonesia.

     Beliau tidak memiliki hubungan afiliasi dengan Pemegang Saham Utama            He has no affiliated relationships with the Company’s Majority
     Perseroan maupun dengan sesama anggota Direksi dan Dewan Komisaris             Shareholders nor with fellow members of the Board of Directors and
     Perseroan.                                                                     Board of Commissioners of the Company.




80       P T E R A J AYA S WA S E M B A D A T B K                                                                           L A P O R A N TA H U N A N 2 0 2 3
Page 83
                                                                                                           c o m pa n y p r o f i l e




                                                                          Joy Wahjudi
                                                                          wa k i l d i r e k t u r u ta m a
                                                                          v i c e p r e s i d e n t d i r e c to r
                                                                          c e o v e r t i c a l e r a j aya d i g i ta l




                                                                          WARGANEGARA                      USIA                  DOMISILI
                                                                          Citizenship                      Year                  Domicile
                                                                          Indonesia                        53 years old
                                                                                                                  ta h u n
                                                                                                                                 Jakarta




  Memperoleh gelar Bachelor of Science in Finance dari California State          He obtained a Bachelor of Science in Finance from California State
  University pada tahun 1991 dan Master of Business Administration dari          University in 1991 and a Master of Business Administration from California
  California State University, East Bay, Amerika Serikat pada tahun 1992.        State University, East Bay, United States of America, in 1992.

  Beliau pertama kali diangkat sebagai Wakil Direktur Utama Perseroan            He was first appointed as the Vice President Director of the Company in
  pada tahun 2020 dan diangkat kembali berdasarkan Akta Berita Acara             2020 and was reappointed based on the Deed of Minutes of the Annual
  RUPS Tahunan PT Erajaya Swasembada Tbk Nomor 08 Tanggal 23 Juni                GMS of PT Erajaya Swasembada Tbk Number 08 dated June 23, 2022.
  2022.

  Saat ini beliau juga menjabat di beberapa posisi pada entitas anak sebagai:    Currently, he also holds several positions in Subsidiaries as:
  • Komisaris Utama PT Era Blu Elektronik dan PT Satera Manajemen                • President Commissioner of PT Era Blu Elektronik and PT Satera
     Persada Indonesia.                                                             Manajemen Persada Indonesia.
  • Direktur Utama PT MII Distribusi, PT NASA Distribusi Indonesia,              • President Director of PT MII Distribusi, PT NASA Distribusi Indonesia,
     PT Erafone Artha Retailindo, PT Teletama Artha Mandiri, PT Data Citra          PT Erafone Artha Retailindo, PT Teletama Artha Mandiri, PT Data Citra
     Mandiri, PT Prakarsa Prima Sentosa, PT Multi Media Seluler, PT Data            Mandiri, PT Prakarsa Prima Sentosa, PT Multi Media Seluler, PT Data
     Media Telekomunikasi, dan PT Nusa Abadi Sukses Artha.                          Media Telekomunikasi, dan PT Nusa Abadi Sukses Artha.
  • Direktur Era International Network Sdn. Bhd., Erajaya Swasembada Pte.        • Director of Era International Network Sdn. Bhd., Erajaya Swasembada
     Ltd., Erajaya Digital Retail Pte. Ltd., Switch Malaysia Sdn. Bhd., Urban       Pte. Ltd., Erajaya Digital Retail Pte. Ltd., Switch Malaysia Sdn. Bhd.,
     Republic Sdn. Bhd., Erafone Retails Malaysia Sdn. Bhd., Techero Sdn.           Urban Republic Sdn. Bhd., Erafone Retails Malaysia Sdn. Bhd.,
     Bhd., Venturistic Mobile Network Sdn.Bhd., Era Tech Communication              Techero Sdn. Bhd., Venturistic Mobile Network Sdn.Bhd., Era Tech
     Pte.Ltd., Switch Concept Sdn.Bhd., dan CG Computers Sdn.Bhd.                   Communication Pte.Ltd., Switch Concept Sdn.Bhd., and CG Computers
                                                                                    Sdn.Bhd.

  Sebelumnya beliau menjabat sebagai Komisaris Independen PT Erajaya             Previously he served as Independent Commissioner of PT Erajaya
  Swasembada Tbk (2019 – 2020), Direktur Utama Indosat Ooredoo (2017             Swasembada Tbk (2019 – 2020), President Director of Indosat Ooredoo
  – 2018), Director and Chief of Sales and Distribution Officer Indosat          (2017 – 2018), Director and Chief of Sales and Distribution Officer of
  Ooredoo (2014 – 2017), Chief Commerce Officer PT XL Axiata Tbk (2006           Indosat Ooredoo (2014 – 2017), Chief Commerce Officer of PT XL Axiata
  – 2014), VP Region PT XL Axiata Tbk (2005 – 2006), GM Sales Business           Tbk ( 2006 – 2014), VP Region PT XL Axiata Tbk (2005 – 2006), GM
  Solution PT XL Axiata Tbk (2003 – 2005), GM Corporate Strategy PT XL           Sales Business Solution PT XL Axiata Tbk (2003 – 2005), GM Corporate
  Axiata Tbk (2000 – 2003), Finance Controller PT XL Axiata Tbk (1997 –          Strategy PT XL Axiata Tbk (2000 – 2003), Finance Controller PT XL Axiata
  2000), dan GM Finance & Treasury PT Mobile Selular Indonesia (1995 –           Tbk (1997–2000), and GM of Finance & Treasury of PT Mobile Selular
  1997).                                                                         Indonesia (1995 – 1997).

  Beliau tidak memiliki hubungan afiliasi dengan Pemegang Saham Utama            He has no affiliated relationships with the Company’s Majority
  Perseroan maupun dengan sesama anggota Direksi dan Dewan Komisaris             Shareholders nor with fellow members of the Board of Directors and
  Perseroan.                                                                     Board of Commissioners of the Company.




2023 ANNUAL REPORT                                                                                     P T E R A J AYA S WA S E M B A D A T B K               81
Page 84
            profil perusahaan




                                                                                   Sintawati Halim
                                                                                   d i r e kt u r
                                                                                   d i r e c to r
                                                                                   group chief financial officer




                                                                                   WARGANEGARA                        USIA                 DOMISILI
                                                                                   Citizenship                        Year                 Domicile
                                                                                   Indonesia                          62 years old
                                                                                                                            ta h u n
                                                                                                                                           Jakarta




     Memperoleh gelar Bachelor of Science (Cum Laude with Honors) pada              She obtained a Bachelor of Science (Cum Laude with Honors) in Computers
     bidang ilmu Computers Application and Information System dari College          Application and Information Systems from the College of Business and
     of Business and Public Administration, New York University, Amerika            Public Administration, New York University, United States of America,
     Serikat pada tahun 1985 dan Master of Business Administration dari             in 1985 and a Master of Business Administration from Leonard N. Stern
     Leonard N. Stern School of Business, New York University, Amerika Serikat      School of Business, New York University, United States of America in 1989.
     pada tahun 1989.

     Beliau pertama kali diangkat sebagai Direktur Perseroan pada tahun 2008        She was first appointed as the Director of the Company in 2008 and
     dan diangkat kembali berdasarkan Akta Berita Acara RUPS Tahunan                was reappointed based on the Deed of Minutes of the Annual GMS of
     PT Erajaya Swasembada Tbk Nomor 08 Tanggal 23 Juni 2022.                       PT Erajaya Swasembada Tbk Number 08 dated June 23, 2022.

     Saat ini beliau juga menjabat di beberapa posisi pada entitas anak sebagai:    Currently, she also holds several positions in Subsidiaries as:
     • Komisaris PT Erafone Artha Retailindo, PT Azec Indonesia Management          • Commissioner of PT Erafone Artha Retailindo, PT Azec Indonesia
        Services, PT Nusa Abadi Sukses Artha, PT Prakarsa Prima Sentosa,               Management Services, PT Nusa Abadi Sukses Artha, PT Prakarsa
        dan PT Data Media Telekomunikasi.                                              Prima Sentosa, and PT Data Media Telekomunikasi.
     • Direktur Erajaya Holding Pte. Ltd., Era Property Holding Pte. Ltd.,          • Director of Erajaya Holding Pte. Ltd., Era Property Holding Pte. Ltd.,
        Erajaya Digital Pte Ltd, Erajaya Swasembada Pte. Ltd., Erajaya Digital         Erajaya Digital Pte Ltd, Erajaya Swasembada Pte. Ltd., and Erajaya
        Retail Pte. Ltd., dan Era Tech Communication Pte.Ltd.                          Digital Retail Pte. Ltd., and Era Tech Communication Pte.Ltd.

     Sebelumnya beliau menjabat sebagai Senior VP Finance PT Mobile-8               Previously, she served as Senior VP of Finance of PT Mobile-8 Telecom
     Telecom (2003 – 2008), Direktur Industry Standard Servers (Enterprise          (2003 – 2008), Director of Industry Standard Servers (Enterprise System
     System Group) Hewlett-Packard Indonesia (2002 – 2003), dan Direktur            Group) of Hewlett-Packard Indonesia (2002 – 2003), and Director of
     Keuangan dan Administrasi Compaq Computer Indonesia (2001 – 2002).             Finance and Administration at Compaq Computer Indonesia (2001 – 2002).

     Beliau memiliki hubungan keluarga dengan Ardy Hady Wijaya (Komisaris           She has a family relationship with Ardy Hady Wijaya (President
     Utama) selaku kakak ipar, Richard Halim Kusuma (Komisaris) selaku bibi,        Commissioner) as a sister-in-law, Richard Halim Kusuma (Commissioner)
     Budiarto Halim (Direktur Utama) selaku saudara, Mitchella Ardy Hady            as an aunt, Budiarto Halim (President Director) as a sister, Mitchella Ardy
     Wijaya (Direktur) selaku bibi, dan Keith Ardy Hady Wijaya (Direktur)           hady Wijaya (Direktur) as an aunt, dan Keith Ardy Hady Wijaya (Direktur)
     selaku bibi.                                                                   as an aunt.




82       P T E R A J AYA S WA S E M B A D A T B K                                                                            L A P O R A N TA H U N A N 2 0 2 3
Page 85
                                                                                                           c o m pa n y p r o f i l e




                                                                          Djohan Sutanto
                                                                          d i r e kt u r
                                                                          d i r e c to r
                                                                          c e o v e r t i c a l e r a j aya a c t i v e l i f est y l e




                                                                          WARGANEGARA                      USIA                 DOMISILI
                                                                          Citizenship                      Year                 Domicile
                                                                          Indonesia                        51 years old
                                                                                                                 ta h u n
                                                                                                                                Jakarta




  Memperoleh gelar Sarjana Ekonomi dari Universitas Tarumanegara,                He obtained a Bachelor of Economics from Tarumanegara University,
  Jakarta, Indonesia pada tahun 1994.                                            Jakarta, Indonesia, in 1994.

  Beliau pertama kali diangkat sebagai Direktur Perseroan pada tahun 2014        He was first appointed as the Director of the Company in 2014 and was
  dan diangkat kembali berdasarkan Akta Berita Acara RUPS Tahunan PT             reappointed based on the Deed of Minutes of the Annual GMS of PT
  Erajaya Swasembada Tbk Nomor 08 Tanggal 23 Juni 2022.                          Erajaya Swasembada Tbk Number 08 dated June 23, 2022.

  Saat ini beliau juga menjabat di beberapa posisi pada entitas anak sebagai:    Currently, he also holds several positions in Subsidiaries as:
  • Direktur Utama PT Sinar Eka Selaras Tbk, PT Mitra International              • President Director of PT Sinar Eka Selaras Tbk, PT Mitra International
     Indonesia, PT JDSports Fashion Distribution, PT Era Aktif Indonesia, PT        Indonesia, PT JDSports Fashion Distribution, and PT Era Aktif
     Era Aktif Distribusi, PT Era Gaya Indonesia, dan PT Era Gaya Distribusi.       Indonesia, PT Era Aktif Distribusi, PT Era Gaya Indonesia, and PT Era
                                                                                    Gaya Distribusi.
  •   Direktur di PT Era Boga Nusantara dan PT JDSports Fashion Indonesia.       • Director at PT Era Boga Nusantara and PT JDSports Fashion Indonesia.
  •   Komisaris Utama di PT Mitra Belanja Anda, PT Era Boga Petiserindo,         • President Commissioner of PT Mitra Belanja Anda, PT Era Boga
      dan PT MST Golf Indonesia.                                                    Patiserindo, and PT MST Golf Indonesia.
  •   Komisaris di PT Sinar Aktif.                                               • Commissioner of Sinar Era Aktif.

  Sebelumnya, beliau menjabat sebagai Direktur Penjualan PT Trikomsel            Previously, he served as Director of Sales at PT Trikomsel Oke (1998 –
  Oke (1998 – 2010), dan Senior Marketing Manager PT Panggung Electric           2010) and Senior Marketing Manager of PT Panggung Electric Citrabuana
  Citrabuana (1993 – 1998).                                                      (1993 – 1998).

  Beliau tidak memiliki hubungan afiliasi dengan Pemegang Saham Utama            He has no affiliated relationships with the Company’s Major Shareholders
  Perseroan maupun dengan sesama anggota Direksi dan Dewan Komisaris             nor with fellow members of the Board of Directors and Board of
  Perseroan.                                                                     Commissioners of the Company.




2023 ANNUAL REPORT                                                                                     P T E R A J AYA S WA S E M B A D A T B K             83
Page 86
            profil perusahaan




                                                                                   Sim Chee Ping
                                                                                   d i r e kt u r
                                                                                   d i r e c to r
                                                                                   g r o u p c h i e f st r ate g y o f f i c e r




                                                                                   WARGANEGARA                       USIA                 DOMISILI
                                                                                   Citizenship                       Year                 Domicile
                                                                                   Indonesia                         55 years old
                                                                                                                           ta h u n
                                                                                                                                          Jakarta




     Memperoleh gelar Bachelor of Accountancy dari National University of           He obtained a Bachelor of Accountancy from the National University of
     Singapore pada tahun 1992.                                                     Singapore in 1992.

     Beliau pertama kali diangkat sebagai Direktur Perseroan pada tahun 2010        He was first appointed as the Director of the Company in 2010 and was
     dan diangkat kembali berdasarkan Akta Berita Acara RUPS Tahunan PT             reappointed based on the Deed of Minutes of the Annual GMS of PT
     Erajaya Swasembada Tbk Nomor 08 Tanggal 23 Juni 2022.                          Erajaya Swasembada Tbk Number 08 dated June 23, 2022.

     Saat ini beliau juga menjabat di beberapa posisi pada entitas anak sebagai:    Currently, he also holds several positions at Subsidiaries as:
     • Komisaris Utama PT Era Caring Indonesia.                                     • President Commissioner of PT Era Caring Indonesia.
     • Komisaris PT Boltech Device Protection Indonesia.                            • Commissioner of PT Boltech Device Protection Indonesia.
     • Direktur Erajaya Digital Pte. Ltd., Eraspace Pte. Ltd., dan Era Tech         • Director of Erajaya Digital Pte. Ltd., Eraspace Pte. Ltd., and Era Tech
        Communication Pte.Ltd.                                                         Communication Pte.Ltd.

     Sebelumnya beliau menjabat sebagai Direktur Bisnis di Arthur Andersen          Previously, he served as Business Director at Arthur Andersen (1998 -
     (1998 - 2000), dan Direktur Eksekutif PT AZEC Indonesia Management             2000) and Executive Director at PT AZEC Indonesia Management Service
     Service (2000 - 2010).                                                         (2000 - 2010).

     Beliau tidak memiliki hubungan afiliasi dengan Pemegang Saham Utama            He has no affiliated relationships with the Major Shareholders of the
     Perseroan maupun dengan sesama anggota Direksi dan Dewan Komisaris             Company nor with fellow members of the Board of Directors and Board of
     Perseroan.                                                                     Commissioners of the Company.




84       P T E R A J AYA S WA S E M B A D A T B K                                                                           L A P O R A N TA H U N A N 2 0 2 3
Page 87
                                                                                                          c o m pa n y p r o f i l e




                                                                          Jong Woon Kim
                                                                          d i r e kt u r
                                                                          d i r e c to r
                                                                          d ep u t y c e o v e r t i c a l e r a j aya d i g i ta l




                                                                          WARGANEGARA                     USIA                 DOMISILI
                                                                          Citizenship                     Year                 Domicile
                                                                          Indonesia                       55 years old
                                                                                                                ta h u n
                                                                                                                               Jakarta




  Memperoleh gelar sarjana dari Hankook University of Foreign Studies            He obtained his bachelor’s degree from Hankook University of Foreign
  한국외대, Seoul, Korea Selatan pada tahun 1990.                                    Studies 한국외대, Seoul, South Korea in 1990.

  Beliau diangkat sebagai Direktur Perseroan berdasarkan Akta Berita Acara       He was appointed based on the Deed of Minutes of the Annual GMS of PT
  RUPS Tahunan PT Erajaya Swasembada Tbk Nomor 08 Tanggal 23 Juni                Erajaya Swasembada Tbk Number 08 dated June 23, 2022.
  2022.

  Saat ini beliau juga menjabat di beberapa posisi pada entitas anak sebagai:    Currently, he also holds several positions at Subsidiaries as:
  • Direktur Utama PT Satera Manajemen Persada Indonesia.                        • President Director of PT Satera anajemen Persada Indonesia.
  • Wakil Direktur Utama PT Erafone Artha Retailndo, PT Teletama Artha           • Vice President Director of Utama PT Erafone Artha Retailndo, PT
     Mandiri, PT Data Citra Mandiri, dan PT Nusa Abadi Sukses Artha.                Teletama Artha Mandiri, PT Data Citra Mandiri, and PT Nusa Abadi
                                                                                    Sukses Artha.
  •   Direktur PT Mitra Internasional Indonesia Distribusi, dan PT Nusa          • Director of PT Mitra Internasional Indonesia Distribusi, and PT Nusa
      Abadi Sukses Artha Distribusi Indonesia.                                      Abadi Sukses Artha Distribusi Indonesia.
  •   Komisaris PT Citra Kreasi Inovasi.                                         • Commisioner of PT Citra Kreasi Inovasi.

  Sebelumnya, beliau menjabat sebagai Chief Executive Officer dari               Previously, he served as Chief Executive Officer of Mega Matric System
  Mega Matric System (2000 - 2010), dan Sales & Marketing Director               (2000 - 2010), and Sales & Marketing Director of PT LG Electronics
  PT LG Electronics Indonesia (1995 - 2000). Beliau memulai karirnya di          Indonesia (1995 - 2000). He started his career at Domestic Sales
  Departemen Penjualan Domestik, LG Electronics, Korea Selatan (1990 -           Department, LG Electronics, South Korea (1990 - 1995).
  1995).

  Beliau tidak memiliki hubungan afiliasi dengan Pemegang Saham Utama            He has no affiliated relationships with the Major Shareholders of the
  Perseroan maupun dengan sesama anggota Direksi dan Dewan Komisaris             Company nor with fellow members of the Board of Directors and Board of
  Perseroan.                                                                     Commissioners of the Company.




2023 ANNUAL REPORT                                                                                    P T E R A J AYA S WA S E M B A D A T B K            85
Page 88
            profil perusahaan




                                                                                   Elly
                                                                                   d i r e kt u r
                                                                                   d i r e c to r
                                                                                   c e o v e r t i c a l e r a j aya b e a u t y & w e l l n ess




                                                                                   WARGANEGARA                     USIA                DOMISILI
                                                                                   Citizenship                     Year                Domicile
                                                                                   Indonesia                       54 years old
                                                                                                                          ta h u n
                                                                                                                                       Jakarta




     Lulus dari Akademi Akuntansi YKPN Yogyakarta pada tahun 1991.                  She graduated from the YKPN Accounting Academy Yogyakarta in 1991.

     Beliau diangkat sebagai Direktur Perseroan berdasarkan Akta Pernyataan         She was appointed as Director of the Company based on the Deed of
     Keputusan RUPS Tahunan PT Erajaya Swasembada Tbk Nomor 23                      Decision Statement of the Annual GMS of PT Erajaya Swasembada Tbk
     Tanggal 30 Juni 2023.                                                          Number 23 dated June 30, 2023.

     Saat ini beliau juga menjabat di beberapa posisi pada entitas anak sebagai:    Currently, she also holds several positions at Subsidiaries as
     • Direktur Utama PT Era Prima Indonesia dan PT Era Farma Indonesia.            • President Director of PT Era Prima Indonesia and PT Era Farma
     • Direktur PT Era Prima Medika dan PT Era Caring Indonesia.                       Indonesia.
     • Komisaris PT Era Sehat Bersama, PT Era Fit Indonesia, dan PT Era             • Director of PT Era Prima Medika and PT Era Caring Indonesia.
        Farma Medika.                                                               • Commisioner of PT Era Sehat Bersama, PT Era Fit Indonesia, and
                                                                                       PT Era Farma Medika.

     Memiliki pengalaman lebih dari 20 tahun di industri telekomunikasi             She has more than 20 years of experience in the telecommunications
     di Indonesia, kemudian pada tahun 1998 bergabung di PT Erajaya                 industry in Indonesia, then in 1998 she joined PT Erajaya Swasembada
     Swasembada Tbk di bagian penjualan dan pemasaran.                              Tbk in the sales and marketing department.

     Beliau tidak memiliki hubungan afiliasi dengan Pemegang Saham Utama            She has no affiliated relationships with the Major Shareholders of the
     Perseroan maupun dengan sesama anggota Direksi dan Dewan Komisaris             Company nor with fellow members of the Board of Directors and Board of
     Perseroan.                                                                     Commissioners of the Company.




86       P T E R A J AYA S WA S E M B A D A T B K                                                                         L A P O R A N TA H U N A N 2 0 2 3
Page 89
                                                                                                      c o m pa n y p r o f i l e




                                                                      Mitchella Ardy
                                                                      Hady Wijaya
                                                                      d i r e kt u r
                                                                      d i r e c to r
                                                                      d ep u t y g r o u p c h i e f o pe r at i o n o f f i c e r




                                                                      WARGANEGARA                     USIA                 DOMISILI
                                                                      Citizenship                     Year                 Domicile
                                                                      Indonesia                       37 years old
                                                                                                            ta h u n
                                                                                                                           Jakarta




  Memperoleh gelar Sarjana Sistem Informasi dari Binus University            She obtained a Bachelor of Information Systems from Binus University
  International pada tahun 2008.                                             International in 2008.

  Beliau diangkat sebagai Direktur Perseroan berdasarkan Akta Berita         She was appointed as Director of the Company based on the Deed of
  Acara RUPS Luar Biasa PT Erajaya Swasembada Tbk Nomor 03 Tanggal           Minutes of the Extraordinary GMS of PT Erajaya Swasembada Tbk Number
  6 September 2023.                                                          03 dated September 6, 2022.

  Sebelumnya, beliau menjabat sebagai Purchasing General Manager di          Previously, she served as General Manager of Purchasing at PT Erajaya
  PT Erajaya Swasembada Tbk.                                                 Swasembada Tbk.

  Beliau memiliki hubungan keluarga dengan Ardy Hady Wijaya (Komisaris       She has family relationships with Ardy Hady Wijaya (President
  Utama) sebagai anak, Richard Halim Kusuma (Komisaris) sebagai sepupu,      Commissioner) as daughter, Richard Halim Kusuma (Commissioner) as
  Sintawati Halim (Direktur) sebagai keponakan, Budiarto Halim (Direktur     cousin, Sintawati Halim (Director) as niece, Budiarto Halim (President
  utama) sebagai keponakan, dan Keith Ardy Hady Wijaya (Direktur) sebagai    Director) as niece, and Keith Ardy Hady Wijaya (Director) as sister.
  saudara.




2023 ANNUAL REPORT                                                                                P T E R A J AYA S WA S E M B A D A T B K            87
Page 90
            profil perusahaan




                                                                              Keith Ardy Hady
                                                                              Wijaya
                                                                              d i r e kt u r
                                                                              d i r e c to r
                                                                              d ep u t y g r o u p c h i e f f i n a n c i a l o f f i c e r




                                                                              WARGANEGARA                       USIA                 DOMISILI
                                                                              Citizenship                       Year                 Domicile
                                                                              Indonesia                         34 years old
                                                                                                                      ta h u n
                                                                                                                                     Jakarta




     Memperoleh gelar Bachelor of Science, Program Studi Manajemen dari        He obtained a Bachelor of Science in Management from California State
     California State University – Northridge pada tahun 2010.                 University – Northridge in 2010.

     Beliau diangkat sebagai Direktur Perseroan berdasarkan Akta Berita        He was appointed as Director of the Company based on the Deed of
     Acara RUPS Luar Biasa PT Erajaya Swasembada Tbk Nomor 03 Tanggal          Minutes of the Extraordinary GMS of PT Erajaya Swasembada Tbk Number
     6 September 2023.                                                         03 dated September 6, 2022.

     Sebelumnya, beliau menjabat sebagai Head of Channel Development di        Previously, he served as Head of Channel Development at PT Sinar Eka
     PT Sinar Eka Selaras Tbk.                                                 Selaras Tbk.

     Beliau memiliki hubungan keluarga dengan Ardy Hady Wijaya (Komisaris      He has family relationships with Ardy Hady Wijaya (President
     Utama) sebagai anak, Richard Halim Kusuma (Komisaris) sebagai sepupu,     Commissioner) as son, Richard Halim Kusuma (Commissioner) as cousin,
     Sintawati Halim (Direktur) sebagai keponakan, Budiarto Halim (Direktur    Sintawati Halim (Director) as nephew, Budiarto Halim (President Director)
     utama) sebagai keponakan, dan Mirchella Ardy Hady Wijaya (Direktur)       as nephew, and Mitchella Ardy Hady Wijaya (Director) as brother.
     sebagai saudara.




88       P T E R A J AYA S WA S E M B A D A T B K                                                                     L A P O R A N TA H U N A N 2 0 2 3
Page 91
                                                                                        c o m pa n y p r o f i l e




  PERUBAHAN KOMPOSISI
  DIREKSI PADA TAHUN
  BUKU 2023
  CHANGES IN THE COMPOSITION OF THE
  BOARD OF DIRECTORS IN THE FISCAL Y EAR
  2023

  RUPS Tahunan tanggal 30 Juni 2023 menyetujui mengangkat        The Annual GMS on June 30, 2023, approved the appointment
  Ibu Elly sebagai Direktur Perseroan terhitung sejak tanggal    of Mrs. Elly as Director of the Company starting from the
  ditutupnya Rapat sampai dengan akhir periode jabatan Direksi   closing date of the Meeting until the end of the other term of
  Perseroan lainnya yaitu hingga penutupan RUPS Tahunan          office of the Board of Directors of the Company, namely until
  Perseroan tahun buku 2026 yang akan diselenggarakan            the closing of the Company’s Annual GMS for the financial
  pada tahun 2027 dengan memperhatikan peraturan Pasar           year 2026 to be held in 2027 by taking into account Capital
  Modal, namun dengan tidak mengurangi hak RUPS untuk            Market regulations, but without prejudice to the right of the
  memberhentikan yang bersangkutan sewaktu-waktu.                GMS to dismiss the person concerned at any time.

  Demikian, komposisi Direksi Perseroan sejak tanggal 30 Juni    Therefore, the composition of the Company’s Board of
  2023 adalah sebagai berikut:                                   Directors since June 30, 2023, is as follows:


                                     Jabatan | Position                                         Nama | Name


   Direktur Utama & Group CEO                                                                  Budiarto Halim
   President Director & Group CEO

   Wakil Direktur Utama & Deputy Group CEO                                                       Hasan Aula
   Vice President Director & Deputy Group CEO

   Wakil Direktur Utama & CEO Erajaya Digital                                                    Joy Wahjudi
   Vice President Director & CEO Erajaya DIgital

   Direktur & Group CFO                                                                        Sintawati Halim
   Director & Group CFO

   Direktur & CEO Erajaya Active Lifestyle                                                     Djohan Sutanto
   Director & CEO Erajaya Active Lifestyle

   Direktur & Group CSO                                                                         Sim Chee Ping
   Director & Group CSO

   Direktur & Deputy CEO Erajaya Digital                                                       Jong Woon Kim
   Director & Deputy CEO Erajaya DIgital

   Direktur & CEO Erajaya Beauty & Wellness                                                          Elly
   Director & CEO Erajaya Beauty & Wellness


  RUPS Luar Biasa tanggal 6 September 2023 menyetujui            The Extraordinary GMS on September 6, 2023, approved the
  mengangkat Ibu Mitchella Ardy Hady Wijaya dan Bapak Keith      appointment of Ms. Mitchella Ardy Hady Wijaya and Mr. Keith
  Ardy Hady Wijaya sebagai Direktur Perseroan terhitung sejak    Ardy Hady Wijaya as Director of the Company starting from
  tanggal ditutupnya Rapat ini sampai dengan akhir periode       the closing date of this Meeting until the end of the other term
  jabatan Direksi Perseroan lainnya yaitu hingga penutupan       of office of the Company’s Board of Directors, namely until
  RUPS Tahunan Perseroan tahun buku 2026 yang akan               the closing of the Company’s Annual GMS for the financial
  diselenggarakan pada tahun 2027 dengan memperhatikan           year 2026 to be held in 2027 by taking into account Capital
  peraturan Pasar Modal, namun dengan tidak mengurangi hak       Market regulations, but without prejudice to the right of the
  RUPS untuk memberhentikan yang bersangkutan sewaktu-           GMS to dismiss the person concerned at any time.
  waktu.




2023 ANNUAL REPORT                                                                  P T E R A J AYA S WA S E M B A D A T B K        89
Page 92
            profil perusahaan




     Demikian, komposisi Direksi Perseroan sejak tanggal 6      Therefore, the composition of the Company’s Board of
     September 2023 adalah sebagai berikut:                     Directors since September 6, 2023, is as follows:


                                        Jabatan | Position                                  Nama | Name


      Direktur Utama & Group CEO                                                            Budiarto Halim
      President Director & Group CEO

      Wakil Direktur Utama & Deputy Group CEO                                                Hasan Aula
      Vice President Director & Deputy Group CEO

      Wakil Direktur Utama & CEO Erajaya Digital                                             Joy Wahjudi
      Vice President Director & CEO Erajaya DIgital

      Direktur & Group CFO                                                                 Sintawati Halim
      Director & Group CFO

      Direktur & CEO Erajaya Active Lifestyle                                              Djohan Sutanto
      Director & CEO Erajaya Active Lifestyle

      Direktur & Group CSO                                                                  Sim Chee Ping
      Director & Group CSO

      Direktur & Deputy CEO Erajaya Digital                                                Jong Woon Kim
      Director & Deputy CEO Erajaya DIgital

      Direktur& CEO Erajaya Beauty & Wellness                                                    Elly
      Director& CEO Erajaya Beauty & Wellness

      Direktur & Deputy Group COO                                                     Mitchella Ardy Hady Wijaya
      Director & Deputy Group COO

      Direktur & Deputy Group CFO                                                       Keith Ardy Hady Wijaya
      Director & Deputy Group CFO




     PERUBAHAN KOMPOSISI DIREKSI DAN/ATAU
     DEWAN KOMISARIS SETELAH TAHUN BUKU
     2023 BERAKHIR SAMPAI DENGAN BATAS
     WAKTU PENYAMPAIAN LAPORAN TAHUNAN
     2023
     CHANGES IN THE COMPOSITION OF THE BOARD OF
     DIRECTORS AND/OR THE BOARD OF COMMISSIONERS
     AFTER THE FISCAL Y EAR 2023 ENDS UNTIL THE
     DEADLINE FOR SUBMITTING THE 2023 ANNUAL REPORT

     Tidak ada perubahan komposisi Direksi dan/atau Dewan       There is no change in the composition of the Board of
     Komisaris setelah tahun buku 2023 berakhir sampai dengan   Directors and/or the Board of Commissioners after the fiscal
     batas waktu penyampaian Laporan Tahunan 2023.              year 2023 ends until the deadline for submitting the 2023
                                                                Annual Report.




90       P T E R A J AYA S WA S E M B A D A T B K                                                L A P O R A N TA H U N A N 2 0 2 3
Page 93
                                                                                                      c o m pa n y p r o f i l e




  PENGUNGKAPAN HUBUNGAN
  AFILIASI ANGGOTA DEWAN
  KOMISARIS, DIREKSI, DAN
  PEMEGANG SAHAM UTAMA
  DISCLOSURE OF AFFILIATE RELATIONSHIPS BETWEEN
  MEMBERS OF THE BOARD OF COMMISSIONERS, THE
  BOARD OF DIRECTORS, AND MA JOR SHAREHOLDERS


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

                                         Dewan                              Pemegang           Dewan                                Pemegang
                                                           Direksi                                                  Direksi
                 Nama                   Komisaris                          Saham Utama        Komisaris                            Saham Utama
                                                          Board of                                                 Board of
                 Name                    Board of                             Major            Board of                               Major
                                                          Directors                                                Directors
                                       Commisioners                        Shareholders      Commisioners                          Shareholders

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


                                                      Dewan Komisaris | Board of Commissioners

   Ardy Hady Wijaya     2)                      √                  √         √                √                  √                  √

   Richard Halim Kusuma4)                       √                  √         √                √                  √                  √

   Lim Bing Tjay                                √                  √                   √               √                    √                 √

   I Gusti Putu Suryawirawan                    √                  √                   √               √                    √                 √

   Andreas Harun Djumadi                        √                  √                   √               √                    √                 √

                                                              Direksi | Board of Directors

   Budiarto Halim  1)                           √                  √         √                √                  √                  √

   Hasan Aula                                   √                  √                   √               √                    √                 √

   Joy Wahjudi                                  √                  √                   √               √                    √                 √

   Sintawati Halim1)                            √                  √         √                √                  √                  √

   Djohan Sutanto                               √                  √                   √               √                    √                 √

   Sim Chee Ping                                √                  √                   √               √                    √                 √

   Jong Woon Kim                                √                  √                   √               √                    √                 √

   Elly                                         √                  √                   √               √                    √                 √

   Mitchella Ardy Hady Wijaya     3)            √                  √         √                √                  √                  √

   Keith Ardy Hady Wijaya    3)                 √                  √         √                √                  √                  √

   Keterangan:
   1) Saudara kandung: Sintawati Halim (kakak) dan Budiarto Halim (adik).
   2) Saudara Ipar: Ardy Hady Wiajaya (kakak ipar keluarga Halim).
   3) Anak kandung dari Ardy Hady Wijaya: Mitchella Ardy Hady Wijaya dan Keith Ardy Hady Wijaya.
   4) Sepupu dari Mitchella Ardy Hady Wijaya dan Keith Ardy Hady Wijaya dan keponakan dari Sintawati, Budiarto Halim dan Ardy Hady Wijaya:
      Richard Halim Kusuma.
   Notes:
   1) Siblings: Sintawati Halim (sister) and Budiarto Halim (brother).
   2) Brother-in-law: Ardy Hady Wiajaya (brother-in-law of the Halim family).
   3) Ardy Hady Wijaya's children: Mitchella Ardy Hady Wijaya and Keith Ardy Hady Wijaya.
   4) Cousin of Mitchella Ardy Hady Wijaya and Keith Ardy Hady Wijaya and nephew of Sintawati, Budiarto Halim and Ardy Hady Wijaya:
      Richard Halim Kusuma.




2023 ANNUAL REPORT                                                                                 P T E R A J AYA S WA S E M B A D A T B K          91
Page 94
            profil perusahaan




     DEMOGRAFI KARYAWAN                                                                    [POJK C.3]


     EMPLOY EE DEMOGRAPHICS


     Per 31 Desember 2023, jumlah karyawan Perseroan            As of December 31, 2023, the number of the Company’s
     berjumlah 5.675 orang, meningkat 12% dibandingkan tahun    employees was 5,675 people, an increase of 12% compared
     2022 sebanyak 5.078 orang sejalan dengan pertumbuhan       to 2022 of 5,078 people in line with the growth and
     dan pengembangan usaha Perseroan.                          development of the Company’s business.


                                                                                                    2023
                                  Berdasarkan Jenis Kelamin
                                                                     2022
                                         By Gender
                                                                                 Indonesia        Overseas      Jumlah | Total


      Laki-Laki | Male                                               3.447         2.862                662         3.524

      Perempuan | Female                                             1.631         1.186                965         2.151

      Jumlah | Total                                                 5.078         4.048            1.627           5.675



                                                                                                    2023
                               Berdasarkan Jenjang Pendidikan
                                                                     2022
                                        By Education
                                                                                 Indonesia        Overseas      Jumlah | Total


      Pasca Sarjana (S2 & S3) | Master & Doctorate Degree              109          148                  12           160

      Sarjana (S1) | Bachelor Degree                                 2.190         2.088                348         2.436

      Sarjana Muda (Diploma) | Diploma                                 729          252                 512           764

      Lain-Lain | Others                                             2.050         1.560                755         2.315

      Jumlah | Total                                                 5.078         4.048            1.627           5.675



                                                                                                    2023
                                  Berdasarkan Usia (tahun)
                                                                     2022
                                     By Age (years old)
                                                                                 Indonesia        Overseas      Jumlah | Total


      < 25 tahun | Years old                                           735          696                 101           797

      25 - 30 tahun | Years old                                      1.701         1.601                318         1.919

      31 - 40 tahun | Years old                                      1.980         1.482                741         2.223

      > 40 tahun | Years old                                           662          269                 467           736

      Jumlah | Total                                                 5.078         4.048            1.627           5.675



                                                                                                    2023
                                    Berdasarkan Jabatan
                                                                     2022
                                        By Position
                                                                                 Indonesia        Overseas      Jumlah | Total


      Komisaris & Direksi | Commissioner & Director                     58           47                  10            57

      Manager | Manager                                                460          417                  57           474

      Assistant Manager | Assistant Manager                            590          714                  61           775

      Supervisor | Supervisor                                        1.546         1.409                233         1.642

      Staf | Staff                                                   2.424         1.461            1.266           2.727

      Jumlah | Total                                                 5.078         4.048            1.627           5.675




92       P T E R A J AYA S WA S E M B A D A T B K                                                L A P O R A N TA H U N A N 2 0 2 3
Page 95
                                                                                              c o m pa n y p r o f i l e




                                                                                                               2023
                      Berdasarkan Status Ketenagakerjaan
                                                                                 2022
                            By Employment Status
                                                                                           Indonesia         Overseas      Jumlah | Total


   Direksi & Komisaris Perusahaan                                                     58        47                 10               57
   Board of Commissioners & Board of Directors of the Company

   Karyawan Tetap | Permanent Employee                                           4.438       3.723             1.614           5.337

   Karyawan Tidak Tetap | Non-Permanent Employee                                   582         278                  3              281

   Jumlah | Total                                                                5.078       4.048             1.627           5.675



                                                                                                               2023
                           Berdasarkan Asal Domisili
                                                                                 2022
                             By Origin of Domicile
                                                                                           Indonesia         Overseas      Jumlah | Total


   Karyawan Lokal (Warga Negara Indonesia) | Local Worker (Indonesian Citizen)   3.665       4.025                             4.025

   Karyawan Asing (Warga Negara Asing/KITAS)                                          20        23                                  23
   Foreign Worker (Foreign/KITAS)

   Karyawan Luar Negeri | Overseas Worker                                        1.393                         1.627           1.627

   Jumlah | Total                                                                5.078       4.048             1.627           5.675



                           Karyawan Kontraktor dan Subkontraktor berdasarkan Gender
                                                                                                               2022            2023
                                Contractor and Subcontractor Employee by Gender


   Laki-laki | Male                                                                                            6.698          8.993

   Perempuan | Female                                                                                          4.070          5.271

   Jumlah | Total                                                                                             10.768         14.264



                        Karyawan Kontraktor dan Subkontraktor berdasarkan Asal Domisili
                                                                                                               2022            2023
                            Contractor and Subcontractor Employee by Origin of Domicile


   Tenaga Lokal (Warga Negara Indonesia) | Local Worker (Indonesian Citizen)                                  10.768         14.264

   Tenaga Asing (Warga Negara Asing/KITAS) | Foreign Worker (Foreign/KITAS)                                         -          -

   Jumlah | Total                                                                                             10.768         14.264




2023 ANNUAL REPORT                                                                         P T E R A J AYA S WA S E M B A D A T B K         93
Page 96
           profil perusahaan




     INFORMASI PEMEGANG SAHAM                                                                                                                   POJK C.3]


     SHAREHOLDERS INFORMATION


     Komposisi Pemegang Saham Tahun 2023
     Shareholders Composition in 2023

                                                                      Per 1 Januari 2023                           Per 31 Desember 2023
                                                                     As of Januari 1, 2023                        As of December 31, 2023

                      Pemegang Saham                                                  Persentase                                      Persentase
                                                             Jumlah Saham                                   Jumlah Saham
                        Shareholders                                                  Kepemilikan                                     Kepemilikan
                                                               (lembar)                                       (lembar)
                                                                                       Ownership                                       Ownership
                                                            Number of Shares                               Number of Shares
                                                                                       Percentage                                      Percentage
                                                                (shares)                                       (shares)
                                                                                           (%)                                             (%)


     Kepemilikan Lebih Dari 5% | More than 5% Ownership

     PT Eralink Internasional                                     8.694.980.200                 54,51            8.694.980.200                  54,51

     Kepemilikan Kurang Dari 5% | Less than 5% ownership

     Masyarakat | Public*)                                        7.088.504.700                 44,44            7.088.504.700                  44,44

     Saham Treasuri | Treasury Stock                               166.515.100                   1,05              166.515.100                   1,05

     Jumlah | Total                                             15.950.000.000                 100,00           15.950.000.000                100,00

     Penerima manfaat akhir saham Perseroan adalah Ibu Rebecca Halim | The ultimate beneficiary owner of the Company’s shares is Ms. Rebecca Halim.
     *) Masing-masing di bawah 5% kepemilikan | Each under 5% ownership




                                                                                  1,05%
                                                                                  Saham Treasuri | Treasury Stock



                                                                                                                    54,51%
                                                                                                                    PT Eralink International




                                                           JUMLAH SAHAM
                                                                   TOTAL SHARES




                  44,44%
      Masyarakat, masing-
      masing di bawah 5%
              kepemilikan
           Public, each below 5%
                        ownership




94      P T E R A J AYA S WA S E M B A D A T B K                                                                       L A P O R A N TA H U N A N 2 0 2 3
Page 97
                                                                                            c o m pa n y p r o f i l e




   Komposisi Pemegang Saham Berdasarkan Klasifikasi Per 31 Desember 2023
   Shareholders Composition Based on Classification as of December 31, 2023

                                                                                                               Persentase Kepemilikan
                        Pemegang Saham                Jumlah Pemegang Saham      Jumlah Saham (lembar)
                                                                                                                Ownership Percentage
                          Shareholders                 Number of Shareholders   Number of Shares (shares)
                                                                                                                        (%)


   Pemegang Saham Domestik | Domestic Shareholders

   Perseorangan | Individuals                                 32.350                  1.778.120.472                       11,15

   Institusi | Institutions                                      239                10.917.419.603                        68,45

   Subjumlah | Subtotal                                       32.589                12.695.540.075                        79,60

   Pemegang Saham Asing | Foreign Shareholders

   Perseorangan | Individuals                                     31                      2.198.900                       0,014

   Institusi | Institutions                                      149                  3.252.261.025                       20,39

   Subjumlah | Subtotal                                          180                  3.254.459.925                       20,40

   Jumlah | Total                                             36.769                15.950.000.000                       100,00



   Kelompok Institusi Pemodal Nasional
   National Group of Institutional Investors

                                                                                                               Persentase Kepemilikan
                           Jenis Institusi            Jumlah Pemegang Saham      Jumlah Saham (lembar)
                                                                                                                Ownership Percentage
                         Type of Institution           Number of Shareholders   Number of Shares (shares)
                                                                                                                        (%)


   Perseroan Terbatas | Limited Liability Companies               76                  8.955.482.146                       56.15

   Reksa Dana | Mutual Funds                                      64                   547.752.357                         3.43

   Asuransi | Insurance                                           57                   525.959.100                         3.30

   Yayasan | Foundations                                          40                   887.912.800                         5.57

   Koperasi | Cooperatives                                         2                        313.200                        0.00

   Lain-lain | Others                                              -                               -                       0.00

   Jumlah | Total                                                239                10.917.419.603                        68.45




   Kelompok Institusi Pemodal Asing
   Foreign Group of Institutional Investors

                                                                                                               Persentase Kepemilikan
                           Jenis Institusi            Jumlah Pemegang Saham      Jumlah Saham (lembar)
                                                                                                                Ownership Percentage
                         Type of Institution           Number of Shareholders   Number of Shares (shares)
                                                                                                                        (%)


   Badan Usaha Asing | Foreign Entities                          149                  3.252.261.025                       20,39

   Lain-lain | Others                                              -                               -                       0,00

   Jumlah | Total                                                149                  3.252.261.025                       20,39




   Pemodal Perseorangan
   Individual Investors

                                                                                                               Persentase Kepemilikan
                           Jenis Institusi            Jumlah Pemegang Saham      Jumlah Saham (lembar)
                                                                                                                Ownership Percentage
                         Type of Institution           Number of Shareholders   Number of Shares (shares)
                                                                                                                        (%)


   Perseorangan Indonesia | Indonesian Individuals            32.350                  1.778.120.472                       11,15

   Perseorangan Asing | Foreign Individuals                       31                      2.198.900                        0,01

   Jumlah | Total                                             32.381                  1.780.319.372                       11,16




2023 ANNUAL REPORT                                                                       P T E R A J AYA S WA S E M B A D A T B K       95
Page 98
             profil perusahaan




     KEPEMILIKAN SAHAM
     PERSEROAN OLEH ANGGOTA
     DIREKSI DAN ANGGOTA DEWAN
     KOMISARIS PER 31 DESEMBER
     2023
     THE COMPANY’S SHARES OWNERSHIP BY MEMBER OF
     BOARD OF DIRECTORS AND MEMBER OF BOARD OF
     COMMISSIONERS AS OF DECEMBER 31, 2023

     KEPEMILIKAN SAHAM SECARA LANGSUNG                                         DIRECT SHARE OWNERSHIP
     Pada tahun 2023 kepemilikan saham Perseroan secara                        In 2023, the direct ownership of the Company’s shares
     langsung oleh anggota Direksi dan Dewan Komisaris                         by members of the Board of Directors and Board of
     disajikan dalam tabel berikut ini:                                        Commissioners is presented in the following table:


                                                                                                   Jumlah Saham              Persentase
             Pemegang Saham                                     Jabatan                              (lembar)               Kepemilikan
               Shareholder                                      Position                          Number of Shares       Ownership Percentage
                                                                                                      (shares)                   (%)


      Ardy Hady Wijaya               Komisaris Utama | President Commissioner                         6.269.800                   0,04

      Richard Halim Kusuma           Komisaris | Commissioner                                         6.250.000                   0,04

      Andreas Harun Djumadi          Komisaris | Commissioner                                         6.250.000                   0,04

      Budiarto Halim                 Direktur Utama | President Director                              6.250.000                   0,04

      Hasan Aula                     Wakil Direktur Utama | Vice President Director                   6.250.000                   0,04

      Sintawati Halim                Direktur | Director                                              7.500.000                   0,05

      Sim Chee Ping                  Direktur | Director                                              6.250.000                   0,04

      Djohan Sutanto                 Direktur | Director                                               800.000                    0,01

      Elly                           Direktur | Director                                              1.471.600                   0,01

      Keith Ardy Hady Wijaya         Direktur | Director                                               125.000                  0,001

      Jumlah | Total                                                                                 47.416.400                   0,31



     KEPEMILIKAN SAHAM TIDAK LANGSUNG                                          INDIRECT SHARE OWNERSHIP
     Tidak ada anggota Dewan Komisaris dan Direksi Perseroan                   No member of the Board of Commissioners and Board of
     yang mempunyai kepemilikan saham tidak langsung atas                      Directors of the Company has indirect share ownership of the
     Perseroan.                                                                Company.




96       P T E R A J AYA S WA S E M B A D A T B K                                                                 L A P O R A N TA H U N A N 2 0 2 3
Page 99
                                                                                                               c o m pa n y p r o f i l e




   STRUKTUR KEPEMILIKAN
   PERUSAHAAN
   STRUCTURE OF COMPANY OWNERSHIP




                                                                              Saham Treasuri                                                         Publik 3)
 PT Eralink International
                                                                              Treasury Stock                                                         Public 3)
        54,51%                                                                   1,05%                                                              44,44%



                                                                                                Andreas
                                            Ardy Hady       Richard Halim
                                                                                                 Harun
                                             Wijaya 1)        Kusuma 1)
                                                                                               Djumadi 1)
                                             0,04%              0,04%                              0,04%




                                                                                                                                              Keith
                  Sintawati         Sim Chee           Djohan            Budiarto        Hasan           Joy
                                                                                                                           Elly 2)          Ardy Hady
                   Halim 2)          Ping 2)          Sutanto 2)         Halim 2)        Aula 2)       Wahyudi 2)
                  0,05%             0,04%             0,001%             0,04%           0,04%          0,04%             0,01%              Wijaya 2)
                                                                                                                                            0,001%




                                                                PT Erajaya Swasembada Tbk




       1)
            Anggota Dewan Komisaris | Member of the Board of Commissioner
       2)
            Anggota Direksi | Member of the Board of Directors
       3)
            Masing-masing di bawah 5% kepemilikan | Each under 5% ownership




2023 ANNUAL REPORT                                                                                          P T E R A J AYA S WA S E M B A D A T B K             97
Page 100
           profil perusahaan




     INFORMASI PEMEGANG SAHAM
     PENGENDALI
     INFORMATION ON CONTROLLING SHAREHOLDERS

     Pemegang saham pengendali dan perusahaan induk                 The controlling shareholder and the ultimate parent entity
     Perseroan adalah PT Eralink Internasional (“Eralink”) dengan   of the Company is PT Eralink Internasional (“Eralink”) with
     kepemilikan saham sebesar 54.51%. Penerima manfaat akhir       54.51% share ownership. The ultimate beneficiary owner of
     saham Perseroan adalah Ibu Rebecca Halim.                      the Company’s shares is Ms. Rebecca Halim.




98      P T E R A J AYA S WA S E M B A D A T B K                                                    L A P O R A N TA H U N A N 2 0 2 3
Page 101
                                                                                                       c o m pa n y p r o f i l e




  ENTITAS ANAK DAN ENTITAS
  AFILIASI
  SUBSIDIARIES AND AFFILIATED ENTITIES

   Kepemilikan Langsung oleh Perseroan
   Direct Ownership by the Company

                                                                                                                                     Total Aset
                                                                                        Tahun        Status                            (dalam
           Nama Entitas                          Bidang Usaha              Domisili     Operasi     Operasi         Kepemilikan       juta Rp)
           Name of Entity                       Line of Business           Domicile    Operating   Operational       Ownership      Total Assets
                                                                                         Year        Status                          (in million
                                                                                                                                         Rp)


   PT Erafone Artha Retailindo       Ritel perangkat telekomunikasi dan     Jakarta      2003       Beroperasi         99,82%       6.317.050
   (EAR)                             aksesoris.                                                    In operation
                                     Retail of telecommunication devices
                                     and accessories.

   PT Sinar Eka Selaras Tbk (SES)    Distribusi perangkat telekomunikasi    Jakarta      2011       Beroperasi         80,00%       1.890.681
                                     merek Apple.                                                  In operation
                                     Apple brand telecommunication
                                     equipment distribution.

   PT Era Sukses Abadi (ESA)         Properti                               Jakarta      2011       Beroperasi         99,99%         371.158
                                     Property                                                      In operation

   PT Era Prima Indonesia (EPI)      Distributor                            Jakarta      2017       Beroperasi         99,99%         106.781
                                     Distributor                                                   In operation

   PT Azec Indonesia                 Penyediaan konsultasi manajemen.       Jakarta      2001       Beroperasi         99,99%          65.316
   Management Services (AIMS)        Teknologi,                                                    In operation
                                     dan jasa outsourcing.
                                     Management consulting,
                                     technology, and outsourcing
                                     services.

   Erajaya Holding Pte Ltd (EH)      Grosir                                Singapura     2018       Beroperasi        100,00%          10.747
                                     Wholesale                             Singapore               In operation

   PT Indonesia Orisinil Teknologi   Distributor                            Jakarta      2018       Beroperasi         99,99%           1.158
   (IOT)                             Distributor                                                   In operation

   PT Era Boga Nusantara (EBN)       Ritel food & beverages.                Jakarta      2020       Beroperasi         99,99%         278.166
                                     Food & beverages retail.                                      In operation




2023 ANNUAL REPORT                                                                                 P T E R A J AYA S WA S E M B A D A T B K        99
Page 102
            profil perusahaan




      Kepemilikan Tidak Langsung Melalui PT Erafone Artha Retailindo (EAR)
      Indirect Ownership Through PT Erafone Artha Retailindo (EAR)

                                                                                                                                   Total Aset
                                                                                        Tahun        Status                          (dalam
             Nama Entitas                          Bidang Usaha             Domisili    Operasi     Operasi       Kepemilikan       juta Rp)
             Name of Entity                       Line of Business          Domicile   Operating   Operational     Ownership      Total Assets
                                                                                         Year        Status                        (in million
                                                                                                                                       Rp)


      PT Teletama Artha Mandiri     Distribusi perangkat telekomunikasi.    Jakarta      2005       Beroperasi      99,99%        5.983.256
      (TAM)                         Distribution of telecommunication                              In operation
                                    devices.

      PT Data Citra Mandiri (DCM)   Apple premium reseller terkemuka di     Jakarta      2004       Beroperasi      99,99%        3.014.611
                                    Indonesia yang mengkhususkan diri                              In operation
                                    dalam berbagai produk Apple (Mac,
                                    iPad, iPhone, iWatch, iPod,
                                    dan Apple TV), software, aksesoris,
                                    dan perlengkapan lain.
                                    A leading Apple premium reseller
                                    in Indonesia. specializing in various
                                    Apple products (Mac, iPad, iPhone,
                                    iWatch, iPod, and Apple TV),
                                    software, accessories, and other
                                    equipment.

      PT Nusa Abadi Sukses Artha    Ritel perangkat telekomunikasi dan      Jakarta      2017       Beroperasi      99,99%          583.251
      (NASA)                        aksesoris di Indonesia khusus produk                           In operation
                                    merek Samsung.
                                    Retail of telecommunications
                                    equipment and accessories in
                                    Indonesia specifically for Samsung
                                    brand products.

      PT Prakarsa Prima Sentosa     Penyediaan akses “electronic            Jakarta      2010       Beroperasi      80,00%           96.697
      (PPS)                         gateway” untuk voucher elektronik                              In operation
                                    dari berbagai macam perusahaan
                                    seperti operator telekomunikasi, PLN,
                                    dan game online.
                                    Provision of “electronic gateway”
                                    access for electronic vouchers
                                    from various companies such as
                                    telecommunication operators, PLN,
                                    and online games.

      PT Prima Pesona Prakarsa      Distributor                             Jakarta      2010       Beroperasi      99,99%           11.275
      (PPP)                         Distributor                                                    In operation

      PT Citra Kreativa Inovasi     Ritel                                   Jakarta      2012       Beroperasi      77,06%              597
      (CKI)                         Retail                                                         In operation

      PT Mandiri Sinergi Niaga      Ritel                                   Jakarta      2011       Beroperasi      99,99%           91.897
      (MSN)                         Retail                                                         In operation



      Kepemilikan Tidak Langsung Melalui PT Mandiri Sinergi Niaga (MSN)
      Indirect Ownership Through PT Mandiri Sinergi Niaga (MSN)

                                                                                                                                   Total Aset
                                                                                        Tahun        Status                          (dalam
             Nama Entitas                          Bidang Usaha             Domisili    Operasi     Operasi       Kepemilikan       juta Rp)
             Name of Entity                       Line of Business          Domicile   Operating   Operational     Ownership      Total Assets
                                                                                         Year        Status                        (in million
                                                                                                                                       Rp)


      PT Multi Media Selular        Distributor perlengkapan rumah          Jakarta      2004       Beroperasi      99,60%          169.638
      (MMS)                         tangga lainnya, dan peralatan                                  In operation
                                    telekomunikasi.
                                    Distributor of other household
                                    supplies and telecommunication
                                    equipment.

      PT Data Media                 Ritel                                   Jakarta      2003       Beroperasi      98,00%           17.666
      Telekomunikasi (DMT)          Retail                                                         In operation




100      P T E R A J AYA S WA S E M B A D A T B K                                                                 L A P O R A N TA H U N A N 2 0 2 3
Page 103
                                                                                               c o m pa n y p r o f i l e




   Kepemilikan Tidak Langsung Melalui PT Era Prima Indonesia (EPI)
   Indirect Ownership Through PT Era Prima Indonesia (EPI)

                                                                                                                             Total Aset
                                                                           Tahun          Status                               (dalam
         Nama Entitas                     Bidang Usaha         Domisili    Operasi       Operasi          Kepemilikan         juta Rp)
         Name of Entity                  Line of Business      Domicile   Operating     Operational        Ownership        Total Assets
                                                                            Year          Status                             (in million
                                                                                                                                 Rp)


   PT Nusa Gemilang Abadi      Distribusi & retail produk      Jakarta      2006         Beroperasi          99,99%             61.973
   (NGA)                       perawatan kulit dan                                      In operation
                               kecantikan.
                               Distribution & retail of skin
                               care and beauty products.

   PT Urogen Advanced          Bidang distribusi peralatan     Jakarta      2017         Beroperasi          55,00%             76.080
   Solutions (UAS)             medis.                                                   In operation
                               Medical equipment
                               distribution.

   PT Surya Andra              Distribusi peralatan medis.     Jakarta      2017         Beroperasi          55,04%             79.269
   Medicalindo (SAM)           Medical equipment                                        In operation
                               distribution.

   PT Era Prima Medika (EPM)   Distributor                     Jakarta      2020         Beroperasi          99,86%               1.861
                               Distributor                                              In operation

   PT Jagad Utama Lestari      Distribusi perangkat            Jakarta      2019         Beroperasi          85,00%               4.045
   (JUL)                       e-cigarretes merek JUUL.                                 In operation
                               Distribution of JUUL-brand
                               e-cigarettes accessories.



   Kepemilikan Tidak Langsung Melalui CG Computers Sdn. Bhd. (CG)
   Indirect Ownership Through CG Computers Sdn. Bhd. (CG)

                                                                                                                              Total Aset
                                                                             Tahun           Status                             (dalam
        Nama Entitas                     Bidang Usaha          Domisili      Operasi        Operasi          Kepemilikan       juta Rp)
        Name of Entity                  Line of Business       Domicile     Operating      Operational        Ownership      Total Assets
                                                                              Year           Status                           (in million
                                                                                                                                  Rp)


   Erafone Retails Malaysia    Ritel perangkat                 Malaysia       2012          Beroperasi        100,00%          163.475
   Sdn. Bhd.                   telekomunikasi.                                             In operation
                               Retail of communication
                               equipment.

   Switch Concept Sdn. Bhd.    Ritel perangkat                 Malaysia       2007          Beroperasi        100.,00%          30.595
                               telekomunikasi.                                             In operation
                               Retail of communication
                               equipment.

   Urban Republic Sdn. Bhd     Ritel perangkat                 Malaysia       2013          Beroperasi        100,00%           17.194
                               telekomunikasi.                                             In operation
                               Retail of communication
                               equipment.

   ENB Mobile Malaysia Sdn.    Ritel perangkat                 Malaysia       2023          Beroperasi          60,00%            3.973
   Bhd.                        telekomunikasi.                                             In operation
                               Retail of communication
                               equipment.

   JKK Software Sdn. Bhd.      Penyedia layanan perangkat      Malaysia       2014          Beroperasi          80,00%               12
                               lunak dan teknologi                                         In operation
                               informasi.
                               Software and information
                               technology service provider.

   Techero Sdn. Bhd.           Penyedia layanan perangkat      Malaysia       2017          Beroperasi        100,00%                 5
   (Techero)                   lunak dan teknologi                                         In operation
                               informasi.
                               Software and information
                               technology service provider.

   Switch Malaysia Sdn. Bhd.   Ritel                           Malaysia       2021          Beroperasi        100,00%                 8
                               Retail                                                      In operation




2023 ANNUAL REPORT                                                                         P T E R A J AYA S WA S E M B A D A T B K         101
Page 104
            profil perusahaan




      Kepemilikan Tidak Langsung Melalui PT Prima Pesona Prakarsa (PPP)
      Indirect Ownership Through PT Prima Pesona Prakarsa (PPP)

                                                                                                                                 Total Aset
                                                                                      Tahun        Status                          (dalam
             Nama Entitas                         Bidang Usaha           Domisili     Operasi     Operasi       Kepemilikan       juta Rp)
             Name of Entity                      Line of Business        Domicile    Operating   Operational     Ownership      Total Assets
                                                                                       Year        Status                        (in million
                                                                                                                                     Rp)


      PT Satera Manajemen          Distributor                            Jakarta      2017       Beroperasi      50,40%             -
      Persada Indonesia (SMPI)     Distributor                                                   In operation




      Kepemilikan Tidak Langsung Melalui PT Era Boga Nusantara (EBN)
      Indirect Ownership Through PT Era Boga Nusantara (EBN)

                                                                                                                                 Total Aset
                                                                                      Tahun        Status                          (dalam
             Nama Entitas                         Bidang Usaha           Domisili     Operasi     Operasi       Kepemilikan       juta Rp)
             Name of Entity                      Line of Business        Domicile    Operating   Operational     Ownership      Total Assets
                                                                                       Year        Status                        (in million
                                                                                                                                     Rp)


      PT Mitra Belanja Anda        Ritel                                  Jakarta      2020       Beroperasi      51,00%          540.436
      (MBA)                        Retail                                                        In operation

      PT Era Boga Patiserindo      Distribusi produk food & beverages     Jakarta      2021       Beroperasi      70,00%          151.347
      (EBP)                        merek Paris Baguette.                                         In operation
                                   Distribution of Paris Baguettebrand
                                   food & beverages products.

      Eravest Holding Pte Ltd      Subholding                            Singapura     2020       Beroperasi     100,00%           61.957
      (EVH)                                                              Singapore               In operation

      PT Era Kopi Anda (EKA)       Ritel                                  Jakarta      2023       Beroperasi      70,00%           46.773
                                   Retail                                                        In operation

      PT EraBoga Kari (EBK)        Ritel                                  Jakarta      2023       Beroperasi      70,00%            3.499
                                   Retail                                                        In operation

      PT Era Boga Pretzel (EBPR)   Ritel                                  Jakarta      2023       Beroperasi      99,98%                 296
                                   Retail                                                        In operation



      Kepemilikan Tidak Langsung Melalui Erajaya Holding Pte. Ltd. (EH)
      Indirect Ownership Through Erajaya Holding Pte. Ltd. (EH)

                                                                                                                                 Total Aset
                                                                                      Tahun        Status                          (dalam
             Nama Entitas                         Bidang Usaha           Domisili     Operasi     Operasi       Kepemilikan       juta Rp)
             Name of Entity                      Line of Business        Domicile    Operating   Operational     Ownership      Total Assets
                                                                                       Year        Status                        (in million
                                                                                                                                     Rp)


      Era Property Holding Pte.    Subholding                            Singapura     2020       Beroperasi      50,00%            3.125
      Ltd. (EPH)                                                         Singapore               In operation

      Erajaya Digital Pte Ltd      Subholding                            Singapura     2021       Beroperasi     100,00%          811.573
      (ERDI)                                                             Singapore               In operation

      Eraspace Pte Ltd             Subholding. IT Service                Singapura     2021       Beroperasi      65,00%           16.094
      (ERASPACE)                                                         Singapore               In operation




      Kepemilikan Tidak Langsung Melalui Eraspace Pte. Ltd.
      Indirect Ownership Through Eraspace Pte. Ltd.

                                                                                                                                 Total Aset
                                                                                      Tahun        Status                          (dalam
             Nama Entitas                         Bidang Usaha           Domisili     Operasi     Operasi       Kepemilikan       juta Rp)
             Name of Entity                      Line of Business        Domicile    Operating   Operational     Ownership      Total Assets
                                                                                       Year        Status                        (in million
                                                                                                                                     Rp)


      PT Erafone Dotcom (EDC)      Situs Belanja Online                   Jakarta      2009       Beroperasi      98,49%          570.404
                                   Online Shopping Sites                                         In operation




102      P T E R A J AYA S WA S E M B A D A T B K                                                               L A P O R A N TA H U N A N 2 0 2 3
Page 105
                                                                                                    c o m pa n y p r o f i l e




   Kepemilikan Tidak Langsung Melalui Erafone Dotcom (EDC)
   Indirect Ownership Through Erafone Dotcom (EDC)

                                                                                                                                  Total Aset
                                                                                     Tahun        Status                            (dalam
          Nama Entitas                           Bidang Usaha            Domisili    Operasi     Operasi         Kepemilikan       juta Rp)
          Name of Entity                        Line of Business         Domicile   Operating   Operational       Ownership      Total Assets
                                                                                      Year        Status                          (in million
                                                                                                                                      Rp)


   PT Data Tekno Indotama         Manajemen hubungan pelanggan           Jakarta      2019       Beroperasi         99,98%             61.893
   (DTI)                          (Contact Center)                                              In operation
                                  Customer relationship management.



   Kepemilikan Tidak Langsung Melalui PT Sinar Eka Selaras Tbk (SES)
   Indirect Ownership Through PT Sinar Eka Selaras (SES)


                                                                                                                                  Total Aset
                                                                                     Tahun        Status                            (dalam
          Nama Entitas                           Bidang Usaha            Domisili    Operasi     Operasi         Kepemilikan       juta Rp)
          Name of Entity                        Line of Business         Domicile   Operating   Operational       Ownership      Total Assets
                                                                                      Year        Status                          (in million
                                                                                                                                      Rp)


   PT Mitra International         Ritel alat telekomunikasi (Urban       Jakarta      2017       Beroperasi         99,99%         618.788
   Indonesia (MII)                Republic).                                                    In operation
                                  Telecommunication equipment retail
                                  (Urban Republic).

   PT Era Aktif Indonesia (EAI)   Ritel alas kaki (Asics)                Jakarta      2021       Beroperasi         99,97%          48.625
                                  Footwear retail (Asics)                                       In operation

   PT Sinar Era Aktif (SEA)       Ritel alat selam & perlengkapan olah   Jakarta      2022       Beroperasi         99.96%          18.723
                                  raga lainnya (Urban Adventure).                               In operation
                                  Diving & other sporting goods retail
                                  (Urban Adventure)

   PT Era Gaya Distribusi (EGD)   Distribusi                             Jakarta      2023       Beroperasi         99,99%           2.038
                                  Distributor                                                   In operation

   PT Era Gaya Indonesia (EGI)    Ritel (6ixty8ight)                     Jakarta      2023       Beroperasi         99,99%          16.824
                                  Retail (6ixty8ight)                                           In operation

   PT Master Selam Nusantara      Ritel                                  Jakarta      2023       Beroperasi         99,99%              86
   (MSL)                          Retail                                                        In operation



   Kepemilikan Tidak Langsung Melalui PT Teletama Artha Mandiri (TAM)
   Indirect Ownership Through PT Teletama Artha Mandiri (TAM)

                                                                                                                                  Total Aset
                                                                                     Tahun        Status                            (dalam
          Nama Entitas                           Bidang Usaha            Domisili    Operasi     Operasi         Kepemilikan       juta Rp)
          Name of Entity                        Line of Business         Domicile   Operating   Operational       Ownership      Total Assets
                                                                                      Year        Status                          (in million
                                                                                                                                      Rp)


   PT Mitra Internasional         Distributor alat telekomunikasi dan    Jakarta      2021       Beroperasi         99,99%         169.936
   Indonesia Distribusi (MIID)    perlengkapan alat rumah tangga                                In operation
                                  Lainnya.
                                  Distributor of telecommunication
                                  equipment and other household
                                  equipment

   PT Nusa Abadi Sukses           Distributor alat telekomunikasi dan    Jakarta      2021       Beroperasi         99,99%         219.917
   Artha Distribusi Indonesia     perlengkapan alat rumah tangga                                In operation
   (NASAD)                        Lainnya.
                                  Distributor of telecommunication
                                  equipment and other household
                                  equipment




2023 ANNUAL REPORT                                                                              P T E R A J AYA S WA S E M B A D A T B K        103
Page 106
            profil perusahaan




      Kepemilikan Tidak Langsung Melalui Erajaya Digital Pte. Ltd. (ERDI)
      Indirect Ownership Through Erajaya Digital Pte. Ltd. (ERDI)

                                                                                                                                     Total Aset
                                                                                          Tahun        Status                          (dalam
             Nama Entitas                      Bidang Usaha                  Domisili     Operasi     Operasi       Kepemilikan       juta Rp)
             Name of Entity                   Line of Business               Domicile    Operating   Operational     Ownership      Total Assets
                                                                                           Year        Status                        (in million
                                                                                                                                         Rp)


      CG Computers Sdn. Bhd.        Perangkat selular, produk teknologi      Malaysia      1995       Beroperasi      60,00%        1.883.670
      (CG)                          informasi serta produk aksesoris milik                           In operation
                                    Apple.
                                    Apple’s mobile devices, information
                                    technology products, and accessory
                                    products.

      Era International Network     Penyedia perangkat selular, produk       Singapura     2015       Beroperasi      95,00%          281.864
      Pte. Ltd. (EIS)               aksesoris layanan prepaid, post-paid,    Singapore               In operation
                                    dan internet broadband.
                                    Provider of mobile devices,
                                    accessories products, prepaid,
                                    postpaid, and broadband internet
                                    services.

      Erajaya Digital Retail Pte.   Penjualan eceran telepon genggam         Singapura     2015       Beroperasi      60,00%          166.823
      Ltd (ERDIRET)                 dan peralatan periferal (bisnis          Singapore               In operation
                                    internasional).
                                    Retail sale of handphones and
                                    peripheral equipment (business
                                    international).

      Era International Network     Penyedia perangkat selular, produk       Malaysia      2015       Beroperasi      95,00%          297.884
      Sdn. Bhd. (EIM)               aksesoris layanan prepaid, post-paid,                            In operation
                                    dan internet broadband.
                                    Provider of mobile devices,
                                    accessories products, prepaid,
                                    postpaid, and broadband internet
                                    services.

      Erajaya Swasembada Pte.       Penjualan eceran telepon genggam         Singapura                Beroperasi     100,00%          147.116
      Ltd. (ESS)                    dan peralatan periferal (bisnis          Singapore               In operation
                                    internasional).
                                    Retail sale of handphones and
                                    peripheral equipment (business
                                    international).

      Venturistic Mobile Network    Ritel                                    Malaysia      2022       Beroperasi      98,88%          174.905
      Sdn. Bhd. (VMN)               Retail                                                           In operation

      Era Tech Communication        Grosir telepon genggam, peralatan        Singapura     2022       Beroperasi      99,00%           31.392
      Pte. Ltd. (ETC)               periferal telepon genggam dan            Singapore               In operation
                                    peralatan telekomunikasi Lainnya
                                    (merek "tidak ada").
                                    Wholesale of handphones,
                                    handphone peripheral equipment and
                                    other telecommunications equipment
                                    (brand "none").



      Kepemilikan Tidak Langsung Melalui PT Mitra Belanja Anda (MBA)
      Indirect Ownership Through PT Mitra Belanja Anda (MBA)

                                                                                                                                     Total Aset
                                                                                          Tahun        Status                          (dalam
             Nama Entitas                      Bidang Usaha                  Domisili     Operasi     Operasi       Kepemilikan       juta Rp)
             Name of Entity                   Line of Business               Domicile    Operating   Operational     Ownership      Total Assets
                                                                                           Year        Status                        (in million
                                                                                                                                         Rp)


      PT Mitra Belanja Halal        Ritel                                     Jakarta      2023       Beroperasi      90,00%            9.382
      (MBH)                         Retail                                                           In operation




104      P T E R A J AYA S WA S E M B A D A T B K                                                                   L A P O R A N TA H U N A N 2 0 2 3
Page 107
                                                                                                       c o m pa n y p r o f i l e




   Kepemilikan Tidak Langsung Melalui PT Era Kopi Anda (EKA)
   Indirect Ownership Through PT Era Kopi Anda (EKA)

                                                                                                                                     Total Aset
                                                                                        Tahun        Status                            (dalam
         Nama Entitas                            Bidang Usaha               Domisili    Operasi     Operasi         Kepemilikan       juta Rp)
         Name of Entity                         Line of Business            Domicile   Operating   Operational       Ownership      Total Assets
                                                                                         Year        Status                          (in million
                                                                                                                                         Rp)


   PT Era Maju Terus (EMT)        Distribusi                                Jakarta      2023       Beroperasi         99,90%              55
                                  Distributor                                                      In operation




  ENTITAS ASOSIASI DAN
  VENTURA BERSAMA
  ASSOCIATED COMPANIES AND JOINT VENTURE

   Ventura Bersama The Gioi Di Dong Joint Stock Company dengan PT Erafone Artha Retailindo (EAR)
   Joint Venture of The Gioi Di Dong Joint Stock with PT Erafone Artha Retailindo (EAR)

                                                                                                                                     Total Aset
                                                                                        Tahun        Status                            (dalam
         Nama Entitas                            Bidang Usaha               Domisili    Operasi     Operasi         Kepemilikan       juta Rp)
         Name of Entity                         Line of Business            Domicile   Operating   Operational       Ownership      Total Assets
                                                                                         Year        Status                          (in million
                                                                                                                                         Rp)


   PT Era Blu Elektronik (EBE)    Ritel                                     Jakarta      2022       Beroperasi             55%        550.702
                                  Retail                                                           In operation




   Ventura Bersama MST Golf Group Berhad dengan PT Sinar Eka Selaras, Tbk (SES)
   Joint Venture of MST Golf Group Berhad with PT Sinar Eka Selaras, Tbk (SES)

                                                                                                                                     Total Aset
                                                                                        Tahun        Status                            (dalam
         Nama Entitas                            Bidang Usaha               Domisili    Operasi     Operasi         Kepemilikan       juta Rp)
         Name of Entity                         Line of Business            Domicile   Operating   Operational       Ownership      Total Assets
                                                                                         Year        Status                          (in million
                                                                                                                                         Rp)


   PT MST Golf Indonesia          Ritel                                     Jakarta      2023       Beroperasi             49%        154.596
   (MSTI)                         Retail                                                           In operation




   Ventura Bersama PT Perjuangan Anak Muda dengan Eravest Holding Pte. Ltd.
   Joint Venture of PT Perjuangan Anak Muda with Eravest Holding Pte. Ltd.

                                                                                                                                     Total Aset
                                                                                        Tahun        Status                            (dalam
         Nama Entitas                            Bidang Usaha               Domisili    Operasi     Operasi         Kepemilikan       juta Rp)
         Name of Entity                         Line of Business            Domicile   Operating   Operational       Ownership      Total Assets
                                                                                         Year        Status                          (in million
                                                                                                                                         Rp)


   PT Teknologi Belanja Digital   Situs belanja online & aplikasi online.   Jakarta      2021       Beroperasi             51%         31.817
                                  Online shopping sites & online apps.                             In operation




2023 ANNUAL REPORT                                                                                 P T E R A J AYA S WA S E M B A D A T B K        105
Page 108
            profil perusahaan




      Ventura Bersama PT Sinar Eka Selaras dengan JD Sports Fashion Plc.
      Joint Venture of PT Sinar Eka Selaras with JD Sports Fashion Plc.

                                                                                                                                     Total Aset
                                                                                          Tahun        Status                          (dalam
             Nama Entitas                       Bidang Usaha                  Domisili    Operasi     Operasi       Kepemilikan       juta Rp)
             Name of Entity                    Line of Business               Domicile   Operating   Operational     Ownership      Total Assets
                                                                                           Year        Status                        (in million
                                                                                                                                         Rp)


      PT JDSports                    Departemen store                         Jakarta      2019       Beroperasi         51%          347.144
      Fashion Indonesia              perlengkapan olah raga multibrand.                              In operation
      (JDFI)                         Multibrand sporting goods
                                     department store.

      PT JDSports                    Distributor perlengkapan dan             Jakarta      2021       Beroperasi         49%           65.402
      Fashion                        peralatan olah raga, alas kaki,                                 In operation
      Distribution (JDFD)            dan perdagangan pakaian lainnya
                                     (multibrand).
                                     Distributor of sporting goods and
                                     equipment, footwear, and other
                                     apparel trade (multibrand)



      Ventura Bersama PT Era Prima Indonesia dengan Indo Ventures Sdn. Bhd.
      Joint Venture of PT Era Prima Indonesia with Indo Ventures Sdn. Bhd.

                                                                                                                                     Total Aset
                                                                                          Tahun        Status                          (dalam
             Nama Entitas                       Bidang Usaha                  Domisili    Operasi     Operasi       Kepemilikan       juta Rp)
             Name of Entity                    Line of Business               Domicile   Operating   Operational     Ownership      Total Assets
                                                                                           Year        Status                        (in million
                                                                                                                                         Rp)


      PT Era Caring Indonesia        Distributor alat kesehatan, kedokteran   Jakarta      2021       Beroperasi      49,88%           46.035
      (ECI)                          dan obat dan farmasi (multibrand)                               In operation
                                     Distributor of medical devices,
                                     medicine and drugs and
                                     pharmaceuticals (multibrand)

      PT Era Farma Indonesia (EFI)   Ritel alat kesehatan, kedokteran dan     Jakarta      2019       Beroperasi      98,47%           72.551
                                     obat dan farmasi (multibrand)                                   In operation
                                     Retail of medical devices, medicine
                                     and drugs and pharmaceuticals
                                     (multibrand)




106      P T E R A J AYA S WA S E M B A D A T B K                                                                   L A P O R A N TA H U N A N 2 0 2 3
Page 109
                                                                                                            c o m pa n y p r o f i l e




  PERUSAHAAN ASOSIASI
  ASSOCIATED COMPANIES


   Kepemilikan Minoritas dibawah SES
   Minority Ownership by SES

                                                                                                                                          Total Aset
                                                                                            Tahun         Status                            (dalam
         Nama Entitas                        Bidang Usaha                  Domisili         Operasi      Operasi         Kepemilikan       juta Rp)
         Name of Entity                     Line of Business               Domicile        Operating    Operational       Ownership      Total Assets
                                                                                             Year         Status                          (in million
                                                                                                                                              Rp)


   PT Citra Anugrah Sukses        Distributor perangkat alat                   Jakarta       2021        Beroperasi             35%         16.322
   Abadi (CASA)                   telekomunikasi.                                                       In operation
                                  Distributor of telecommunication
                                  equipment.



   Kepemilikan Minoritas dibawah EAR
   Minority Ownership by EAR

                                                                                                                                          Total Aset
                                                                                            Tahun         Status                            (dalam
         Nama Entitas                        Bidang Usaha                  Domisili         Operasi      Operasi         Kepemilikan       juta Rp)
         Name of Entity                     Line of Business               Domicile        Operating    Operational       Ownership      Total Assets
                                                                                             Year         Status                          (in million
                                                                                                                                              Rp)


   PT Bolttech Device             Proteksi perangkat alat                      Jakarta       2016        Beroperasi         23,92%         264.793
   Protection Indonesia (BDPI)    telekomunikasi.                                                       In operation
                                  Protection of telecommunication
                                  equipment.



   Kepemilikan Minoritas oleh PT Erajaya Swasembada Tbk
   Minority Ownership by PT Erajaya Swasembada Tbk

                                                                                                                                          Total Aset
                                                                                          Tahun          Status                             (dalam
         Nama Entitas                   Bidang Usaha                 Domisili             Operasi       Operasi          Kepemilikan       juta Rp)
         Name of Entity                Line of Business              Domicile            Operating     Operational        Ownership      Total Assets
                                                                                           Year          Status                           (in million
                                                                                                                                              Rp)


   PT Mega Mulia Servindo        Perdagangan alat                    Jakarta               2004         Beroperasi             30%             366
                                 telekomunikasi.                                                       In operation
                                 Trade in telecommunication
                                 equipment.



   Kepemilikan Minoritas oleh Eravest Holding Pte. Ltd.
   Minority Ownership by Eravest Holding Pte. Ltd.

                                                                                                                                          Total Aset
                                                                                          Tahun          Status                             (dalam
         Nama Entitas                   Bidang Usaha                 Domisili             Operasi       Operasi          Kepemilikan       juta Rp)
         Name of Entity                Line of Business              Domicile            Operating     Operational        Ownership      Total Assets
                                                                                           Year          Status                           (in million
                                                                                                                                              Rp)


   PT Sushi-Tei Indonesia        Restoran dan perdagangan            Jakarta               2004         Beroperasi          20,00%            254.426
                                 makanan dan minuman.                                                  In operation
                                 Restaurant and food and
                                 beverage trade




2023 ANNUAL REPORT                                                                                      P T E R A J AYA S WA S E M B A D A T B K        107
Page 110
           profil perusahaan




      KRONOLOGI PENCATATAN SAHAM
      CHRONOLOGY OF SHARE LISTING


                                                                                                 Perubahan Jumlah Saham
                                                                                              Changes in the Number of Shares

                                                                                       Sebelum                                  Setelah
         Tanggal                                    Modal Dasar (Rp)
                             Keterangan                                                 Before                                   After
       Pencatatan                                   Authorized Capital
                             Description
       Listing Date                                        (Rp)          Jumlah Saham                            Jumlah Saham
                                                                            (lembar)             Nominal            (lembar)              Nominal
                                                                           Number of              (Rp)             Number of               (Rp)
                                                                         Shares (shares)                         Shares (shares)


      9 Mei 1990      Pendirian                            20.000.000                  -                     -             5.000             5.000.000
      May 9, 1990     Establishment

      12 April 1997   Peningkatan Modal Dasar,          3.800.000.000              5.000            5.000.000         1.000.000           1.000.000.000
      April 12,       dan Modal Ditempatkan
      1997            dan Disetor
                      Additional Authorized
                      Capital, Shares Issued, and
                      Fully Paid Capital.

      25 Oktober      Peningkatan Modal                 3.800.000.000         1.000.000          1.000.000.000        2.000.000           2.000.000.000
      1999            ditempatkan dan Disetor
      October 25,     Additional Shares Issued
      1999            and Fully Paid Capital.

      17 Desember     Peningkatan Modal Dasar,      1.000.000.000.000         2.000.000          2.000.000.000          500.000      500.000.000.000
      2009            dan Modal Ditempatkan
      December 17,    dan Disetor, serta
      2009            Perubahan Nilai Nominal
                      Saham dari Rp1.000
                      menjadi Rp1.000.000 per
                      saham
                      Additional Authorized
                      Capital, Issued and Fully
                      Paid Capital, and Change
                      of Nominal Value of
                      Shares from Rp1,000 per
                      share to Rp1,000,000 per
                      share

      3 Agustus       Peningkatan Modal Dasar,      3.900.000.000.000           500.000     500.000.000.000       1.980.000.000      990.000.000.000
      2011            dan Modal Ditempatkan
      August 3,       dan Disetor, serta
      2011            Pemecahan Nilai Nominal
                      Saham dari Rp1.000.000
                      menjadi Rp500 per saham
                      Additional Shares Issued
                      and Fully Paid, and Stock
                      Split from Rp1,000,000
                      per share to Rp500 per
                      share

      14 Desember     Penawaran Umum                3.900.000.000.000     1.980.000.000     990.000.000.000       2.900.000.000    1.450.000.000.000
      2011            Perdana (“IPO”).
      December 14,    Peningkatan Modal Dasar,
      2011            dan Modal Ditempatkan
                      dan Disetor
                      Initial Public Offering
                      (“IPO”). Additional Shares
                      Issued and Fully Paid.

      8 Mei 2018      Penambahan Modal              3.900.000.000.000     2.900.000.000    1.450.000.000.000      3.190.000.000    1.595.000.000.000
      May 8, 2018     Tanpa Hak Memesan Efek
                      Terlebih Dahulu
                      Right Issue Without
                      Preemptive Rights

      31 Maret        Stock Split                   3.900.000.000.000     3.190.000.000    1.595.000.000.000     15.950.000.000    1.595.000.000.000
      2021
      March 13,
      2021




108     P T E R A J AYA S WA S E M B A D A T B K                                                                     L A P O R A N TA H U N A N 2 0 2 3
Page 111
                                                                                                       c o m pa n y p r o f i l e




  INFORMASI OBLIGASI, SUKUK,
  DAN/ATAU OBLIGASI KONVERSI
  INFORMATION ON BONDS, SUKUK, AND/OR
  CONVERTIBLE BONDS

  Perseroan melalui anak usahanya Erajaya Digital Pte. Ltd.                The Company through its subsidiary Erajaya Digital Pte. Ltd.
  telah menerbitkan obligasi global senilai SG$50 juta di                  has issued global bonds worth SG$50 million in Singapore.
  Singapura. Erajaya Digital merupakan perseroan terbatas                  Erajaya Digital is a private company established under
  yang didirikan dan tunduk berdasarkan hukum negara                       Singapore law. The coupon for the global bond is set to 4.5%,
  Singapura. Kupon atas obligasi global tersebut sebesar 4,5%              while the payment will be made every 6 months until August
  dengan pembayaran kupon akan dilakukan setiap 6 bulan                    24, 2026. The global bond is guaranteed by Credit Guarantee
  sekali sampai dengan 24 Agustus 2026. Obligasi global                    and Investment Facility (CGIF), and the lead underwriters for
  tersebut dijamin oleh Credit Guarantee and Investment                    this global bond are Morgan Stanley Asia (Singapore) Pte.
  Facility (CGIF) dan penjamin pelaksana efek dalam penerbitan             and DBS Bank Ltd. The global bonds issued by Erajaya Digital
  global bond ini adalah Morgan Stanley Asia (Singapore) Pte.              has secured an “AA” rating from Standard & Poor’s (S&P).
  dan DBS Bank Ltd. Obligasi global yang diterbitkan oleh
  Erajaya Digital telah mendapat peringkat “AA” dari Standard
  & Poor’s (S&P).




  INFORMASI KANTOR AKUNTAN
  PUBLIK
  INFORMATION ON PUBLIC ACCOUNTING FIRM

   Kantor Akuntan Publik         Purwantono, Sungkoro dan Surja (Ernst & Young Indonesia)
   Public Accounting Firm

   Akuntan Publik                Daniel Amdhani Judistira, CPA
   Public Accountant

   Alamat                        Gedung Bursa Efek Indonesia Tower 2. Lantai 7. Jalan Jenderal Sudirman Kav. 52-53. Jakarta
   Address

   Objek Audit                   Laporan Keuangan Konsolidasian Perseroan dan Entitas Anak untuk tahun buku 2023.
   Audit Object                  The Company and Subsidiaries' Consolidated Financial Statements for financial year 2023.

   Biaya Audit                   Rp4.380 juta | million
   Audit Fee

   Periode Penugasan             Periode penugasan Akuntan Publik Daniel Amdhani Judistira, CPA adalah periode pertama sejak tahun buku 2023.
   Assignment Period             The assignment period for Public Accountant Daniel Amdhani Judistira, CPA is the first period since the financial
                                 year 2023.

   Jasa profesional lainnya      KAP Purwantono, Sungkoro dan Surja (Ernst & Young Indonesia) memberikan jasa non audit kepada Perseroan dan
   Other professional services   entitas anaknya di luar jasa audit laporan keuangan.
                                 Public Accouting Firm Purwantono. Sungkoro dan Surja (Ernst & Young Indonesia) provide other non-audit services
                                 to the Company and its subsidiaries other than audit on the financial statements.

   Akuntan Publik                Sherly Jokom
   Public Accountant

   Objek Non-Audit               Penerbitan comfort letter dan jasa lainnya sehubungan dengan aksi korporasi Perusahaan dan entitas anaknya
   Non-Audit Object              selama tahun 2023.
                                 Issuance of comfort letter and other services related to the Company and its subsidiary’s corporate action during
                                 2023.

   Biaya Non-Audit               Rp8.900 juta | million
   Non-Audit Fee

   Periode Penugasan             Periode penugasan Akuntan Publik Sherly Jokom adalah periode ketiga sejak tahun buku 2017.
   Assignment Period             The assignment period for Public Accountant Sherly Jokom is the third period since the financial year 2017.




2023 ANNUAL REPORT                                                                                P T E R A J AYA S WA S E M B A D A T B K           109
Page 112
           profil perusahaan




      NAMA DAN ALAMAT LEMBAGA
      DAN/ATAU PROFESI PENUNJANG
      NAME AND ADDRESS OF INSTITUTIONS AND/OR
      SUPPORTING PROFESSIONS

                     Nama dan Alamat                                                 Jasa                                    Periode Penugasan
                     Name and Address                                              Services                                  Assignment Period


      PT Raya Saham Registra                            Memberikan jasa pemeliharaan data dan penyelenggaraan                       2023
                                                        Rapat Umum Pemegang Saham.
      Biro Administrasi Efek | Share Registrar          Provides data maintenance service and General Meetings of
      Gedung Plaza Sentral. lantai 2                    Shareholders arrangement
      Jl. Jenderal Sudirman Kav. 47-48
      Jakarta 12930. Indonesia
      Tel : +62 21 252 5666
      Fax : +62 21 252 5028

      R.M. Dendy Soebangil. SH.. M.Kn.                  Memberikan jasa pembuatan Akta Berita Acara Rapat                           2023
                                                        Umum Pemegang Saham Tahunan Perseroan.
      Notaris | Notary                                  Provide services for making the Deed of Minutes of the
      Gedung Masterindo. Lantai 1 Unit B                Company’s Annual General Meeting of Shareholders
      Jl. Terogong Raya No. 100B. Cilandak Barat
      Jakarta Selatan 12430. Indonesia
      Email: notarisppatdendysubangil@gmail.com

      Singapore Stock Exchange                          Memberikan jasa pencatatan efek obligasi Erajaya Digital                    2023
                                                        Pte.Ltd.
      Pasar Modal | Stock Exchange                      Providing bond securities listing services for Erajaya Digital
                                                        Pte.Ltd.
      SGX Centre Office
      2 Shenton Way, #02-02
      SGX Centre 1
      Singapore 068804

      11 North Buona Vista Drive, #05-07
      The Metropolis Tower 2
      Singapore 138589

      Email: asksgx@sgx.com
      Tel: +65 6236 8888

      Credit Guarantee & Investment Facility (CGIF)     Memberikan jasa penjaminan emisi efek obligasi Erajaya                      2023
                                                        Digital Pte.Ltd.
      Penjamin Emisi Efek Obligasi | Bond Underwriter   Providing bond underwriting services for Erajaya Digital Pte.
                                                        Ltd.
      Asian Development Bank Building
      6 ADB Avenue, Mandaluyong City 1550, Metro
      Manila

      Tel: +63 2 5322 7660

      PT Kustodian Sentral Efek Indonesia               Memberikan jasa Kustodian sentral dan penyelesaian                          2023
                                                        transaksi Efek yang teratur, wajar, dan efisien, sesuai amanat
      Kustodian | Custodian                             Undang-Undang Nomor 8 Tahun 1995 tentang Pasar
                                                        Modal.
      Gedung Bursa Efek Indonesia                       Providing central custodian services and settlement of
      Tower 1, Lt. 5                                    Securities transactions in an orderly, fair and efficient
      Jl. Jend. Sudirman kav. 52-53, Jakarta 12190      manner, in accordance with the mandate of Law Number 8
      Indonesia                                         of 1995 concerning Capital Markets.

      Telepon: (+62 21) 515 2855




110      P T E R A J AYA S WA S E M B A D A T B K                                                                        L A P O R A N TA H U N A N 2 0 2 3
Page 113

          
Page 114

          
Page 115
04
ANALISIS &
PEMBAHASAN
MANAJEMEN
M A N AG E M E N T DISCUSSION
& A N A LYSIS



P T E R A J AYA S WA S E M B A D A T B K   L A P O R A N TA H U N A N 2 0 2 3
Page 116
          analisis & pembahasan manajemen




      TINJAUAN MAKROEKONOMI
      MACROECONOMIC REVIEW




                                                   Di tengah berbagai dinamika
                                                       global, ekonomi Indonesia
                                                        menunjukkan ketahanan
                                                    yang kuat dengan mencatat
                                                      pertumbuhan yang positif
                                                          sepanjang tahun 2023.
                                                  Amidst various global dynamics, Indonesia’s economy
                                                  demonstrated strong resilience by recowrding positive
                                                                              growth throughout 2023.




114    P T E R A J AYA S WA S E M B A D A T B K                             L A P O R A N TA H U N A N 2 0 2 3
Page 117
                                                                            m a n a g e m e n t d i s c u s s i o n & a n a ly s i s




5,1               %                           PEMULIHAN GLOBAL BERJALAN
                                              LAMBAT
                                              Dunia mengawali tahun 2023 dengan
                                                                                                   GLOBAL RECOVERY PROGRESSING
                                                                                                   SLUGGISHLY
                                                                                                   The world entered the year 2023 with
PERTUMBUHAN                                   proyeksi yang optimistis karena pemulihan            optimism due to the global economic
EKONOMI INDONESIA                             ekonomi global dan tingkat inflasi yang              recovery and improving inflation levels
TAHUN 2023,                                   mulai membaik dibandingkan tahun                     compared to the previous year.
SEDIKIT LEBIH                                 sebelumnya.
RENDAH DARI 5,3%
                                              Tetapi aktivitas ekonomi belum mampu                 However, economic activity has not been
PADA TAHUN 2022.
                                              mencapai kondisi sebelum pandemi.                    able to reach pre-pandemic conditions.
I n d o n es i a ’ s e c o n o m i c          Sejumlah faktor besar masih menjadi                  Several significant factors continued to
g r o w t h i n 2 0 2 3 , s l i g h t ly      penghambat pemulihan seperti dampak                  hinder recovery, such as the post-acute
l o w e r t h a n 5 . 3% i n 2 0 2 2 .        jangka panjang dari COVID-19, perang                 COVID-19 syndrome, the ongoing war
                                              di Ukraina yang masih berlanjut, serta               in Ukraine, and increasing geo-economic
                                              meningkatnya fragmentasi geoekonomi                  fragmentation between the US and China
                                              antara Amerika Serikat (AS) dengan China             as well as China and Taiwan.
                                              dan China dengan Taiwan.




 2,6
                                              Faktor lainnya lebih bersifat siklus, seperti        Other factors were more cyclical, such
                     %                        fenomena El-Nino yang menjadi ancaman                as extreme weather events like El-Nino
                                              serius bagi ketersediaan pasokan pangan di           affecting harvests and driving global food
TINGKAT INFLASI                               seluruh dunia, serta pengetatan kebijakan            crises, as well as monetary policy tightening
INDONESIA TAHUN                               moneter untuk mengendalikan inflasi.                 to control inflation. However, as reported
                                              Namun, menurut prediksi Dana Moneter                 by the International Monetary Fund (IMF) in
2023, LEBIH BAIK
                                              Internasional (IMF) dalam laporan World              the World Economic Outlook (WEO) issued
DIBANDINGKAN 5,5%                             Economic Outlook-october (WEO) edisi                 in October 2023 Edition, global inflation is
PADA TAHUN 2022                               Oktober 2023, inflasi global diperkirakan            projected to decrease from 8.7% in 2022 to
I n d o n es i a ’ s i n f l at i o n r ate   akan mengalami penurunan, dari 8,7%                  6.8% in 2023 and 5.8% in 2024.
i n 2 0 2 3 , b ette r t h a n 5 . 5 %        pada tahun 2022, menjadi 6,8% pada tahun
in 2022.
                                              2023, dan 5,8% pada tahun 2024.

                                              Perlambatan ekonomi global terutama                  The global economic slowdown was mainly
                                              berasal dari melemahnya perekonomian                 caused by the weakening economies of
                                              negara-negara maju seperti AS, Jepang,               developed countries, such as the US, Japan,
                                              Korea Selatan, dan negara-negara kawasan             South Korea, and countries in Western
                                              Eropa Barat atau kawasan mata uang Euro              Europe or the Eurozone.
                                              (Zona Euro).

                                              AS masih dihadapkan pada inflasi yang                The US still faced inflation above target,
                                              berada di atas target, tingginya suku bunga,         high interest rates, increased fiscal
                                              peningkatan tekanan fiskal, dan tergerusnya          pressure, and the erosion of excess savings,
                                              excess     saving      yang     membayangi           overshadowing economic weakening. The
                                              pelemahan ekonomi. Perekonomian AS                   US economy in 2023 only managed to
                                              tahun 2023 hanya mampu tumbuh 2,5%                   grow to 2.5% from 2.1% in 2022 and is still
                                              dari 2,1% di tahun 2022 dan masih jauh di            far below the 5.9% growth in 2021.
                                              bawah pertumbuhan tahun 2021 sebesar
                                              5,9%.

                                              Ekonomi    negara-negara    Zona    Euro             The economies of Eurozone countries
                                              melemah dari 3,5% di tahun 2022 menjadi              weakened from 3.5% in 2022 to 0.5% in
                                              0,5% pada tahun 2023. Pelemahan                      2023. The economic downturn in Eurozone
                                              ekonomi negara-negara Zona Euro tersebut             countries was mainly influenced by the
                                              terutama dipengaruhi oleh dampak                     direct and indirect impacts of the Russia-
                                              langsung dan tidak langsung dari perang              Ukraine war, including inflation and central
                                              Rusia-Ukraina, termasuk inflasi serta                bank interest rate hikes. The slowdown



2023 ANNUAL REPORT                                                                                  P T E R A J AYA S WA S E M B A D A T B K       115
Page 118
            analisis & pembahasan manajemen




      TINJAUAN MAKROEKONOMI
      MACROECONOMIC REVIEW




      kenaikan suku bunga bank sentral. Perlambatan ekonomi          in the US and European economies has affected trading
      AS dan negara-negara Eropa telah berimbas pada negara-         partners in the US and Europe.
      negara mitra dagang AS dan Eropa.

      Sementara ekonomi China berhasil rebound dari 3,0%             Meanwhile, China’s economy rebounded, showing positive
      pada tahun 2022 menjadi 5,2% pada tahun 2023 setelah           growth trends after the easing of the Zero-COVID Policy
      pelonggaran Zero-COVID Policy menjelang akhir tahun 2022.      towards the end of 2022. However, this achievement reflected
      Namun pencapaian tersebut termasuk kinerja perekonomian        China’s weak economic performance due to struggles in
      China yang lemah karena China masih berjuang mengatasi         overcoming the property sector crisis, which in turn affects
      krisis sektor properti. Kinerja ekonomi China yang lemah       global commodity demand.
      mempengaruhi permintaan komoditas global.

      KETAHANAN EKONOMI INDONESIA TETAP TERJAGA                      INDONESIA’S ECONOMIC RESILIENCE REMAINS
                                                                     INTACT
      Kondisi perekonomian dan geopolitik global tentu secara        The global economy and geopolitical conditions directly
      langsung dan tidak langsung mempengaruhi perekonomian          and indirectly impacted domestic economies. However,
      domestik. Tetapi di tengah berbagai dinamika global, ekonomi   Indonesia’s economy demonstrated strong resilience amidst
      Indonesia menunjukkan ketahanan yang kuat. Indonesia           various global dynamics. Despite the pressure from declining
      berhasil menghadapi tekanan penurunan harga komoditas          primary export commodity prices, Indonesia managed to
      ekspor utama dengan mencatat pertumbuhan yang positif          achieve positive growth throughout 2023.
      sepanjang tahun 2023.

      Hingga akhir tahun 2023, Indonesia mencatat pertumbuhan        Until the end of 2023, Indonesia recorded economic growth of
      ekonomi sebesar 5,1% secara tahunan, lebih rendah dari         5.1% year-on-year (yoy), slightly lower than the 5.3% in the
      5,3% pada tahun sebelumnya. Hal ini sejalan dengan proyeksi    previous year. This is in line with previous projections from
      beberapa lembaga internasional sebelumnya termasuk IMF         several international institutions, including the IMF, which
      yang memperkirakan pertumbuhan ekonomi Indonesia di            projects Indonesia’s economic growth in 2023 at 5%, the
      tahun 2023 sebesar 5%, World Bank sebesar 5%, OECD             World Bank at 5%, the OECD at 4.9%, and the Bloomberg
      sebesar 4,9%, dan Konsensus Bloomberg sebesar 5%.              Consensus at 5%.


                                      PERTUMBUHAN TRIWULANAN EKONOMI DOMESTIK
                                             Domestic Economic Growth Quarterly
                                                          2022 - 2023

                                                5,72%




                                   5,44%



                                                                                  5,17%

                                                                     5,03%                                  5,04%
                     5,01%                                 5,01%
                                                                                              4,94%




                     Q1 2022      Q2 2022      Q3 2022    Q4 2022    Q1 2023     Q2 2023     Q3 2023       Q4 2023




116      P T E R A J AYA S WA S E M B A D A T B K                                                      L A P O R A N TA H U N A N 2 0 2 3
Page 119
                                                                                                                                                m a n a g e m e n t d i s c u s s i o n & a n a ly s i s




  Pencapaian inflasi Indonesia tahun 2023 terjaga stabil                                                                                         Indonesia’s inflation in 2023 was stable and under control
  dan terkendali pada rentang target Bank Indonesia 3%±1.                                                                                        within Bank Indonesia’s target range of 3%±1. Based on a
  Berdasarkan laporan Badan Pusat Statistik (BPS), tingkat                                                                                       report from Statistics Indonesia (BPS), the inflation rate
  inflasi tahun 2023 hanya sebesar 2,6%, turun dibandingkan                                                                                      in 2023 was only 2.6%, a decrease compared to 5.51% in
  5,51% pada tahun 2022 dan terendah dalam dua puluh                                                                                             2022 and the lowest in the last twenty years, excluding the
  tahun terakhir dengan mengesampingkan masa pandemi                                                                                             COVID-19 pandemic in 2021-2022. Meanwhile, Indonesia’s
  COVID-19 pada 2021-2022. Sedangkan inflasi inti Indonesia                                                                                      core inflation has always been below headline inflation since
  selalu di bawah inflasi headline sejak Juni 2021. Bahkan pada                                                                                  June 2021. Even in December 2023, Indonesia’s core inflation
  Desember 2023, inflasi inti Indonesia tercatat sebesar 1,8%                                                                                    was recorded at 1.8% (yoy), the lowest since December 2021.
  (yoy), terendah sejak Desember 2021.

  Pencapaian ini tidak terlepas dari berbagai kebijakan                                                                                          This achievement is inseparable from various government
  pemerintah dalam mengendalikan gejolak harga di tengah                                                                                         policies for controlling price fluctuations amidst still-high
  ketidakpastian yang masih tinggi termasuk gangguan cuaca                                                                                       uncertainty, including weather disturbances caused by the El
  dari fenomena El Nino. Capaian tersebut juga lebih baik                                                                                        Nino phenomenon. This achievement is also better than the
  dibandingkan realisasi inflasi sejumlah negara.                                                                                                realization of inflation in a number of countries.

                                                                         TINGKAT INFLASI INDONESIA
                                                                             Indonesia Inflation Rate
                                                                                             2022 - 2023
                                                                                             5,71%
    6,0%
                                                                                                                                                       4,97%
    5,0%                                                 4,35%

    4,0%
                                                                                                                                                                                               3,08%
                            2,64%                                                                                                                                                                                                               2,61%
    3,0% 2,18%                                                                                                                                                                                                         2,28%

    2,0%

    1,0%

    0,0%
                                                              June ‘22
                                                    May ‘22




                                                                                                                                                                               May ‘23
                                                                                   Aug ‘22




                                                                                                                                                                                                             Aug ‘23
                                                                                                                  Nov ‘22




                                                                                                                                                                                                                                           Nov ‘23
                                Mar ‘22




                                                                                                                                                           Mar ‘23
                                                                                                                            Dec ‘22




                                                                                                                                                                                                                                                     Dec ‘23
                                                                                              Sep ‘22




                                                                                                                                                                                                                       Sep ‘23
                                          Apr ‘22




                                                                                                                                                                     Apr ‘23
                      Feb ‘22




                                                                                                                                                 Feb ‘23




                                                                                                                                                                                                                                 Okt ‘23
                                                                                                        Oct ‘22




                                                                                                                                                                                         Jun ‘23
            Jan ‘22




                                                                                                                                      Jan ‘23
                                                                         Jul ‘22




                                                                                                                                                                                                   Jul ‘23




  Namun angka inflasi inti yang rendah juga mengindikasikan                                                                                      However, low core inflation figures also indicate a weakening
  adanya pelemahan daya beli masyarakat. Komponen inflasi                                                                                        of people’s purchasing power. The core inflation component
  inti merupakan indikator yang mengukur inflasi di luar                                                                                         is an indicator that measures inflation excluding food and
  harga pangan dan bahan bakar yang sifatnya cenderung                                                                                           fuel prices, which tends to be persistent. This component is
  menetap atau persisten. Komponen itu diukur dengan                                                                                             measured by considering demand-supply interactions, so it is
  mempertimbangkan       interaksi   permintaan-penawaran,                                                                                       used to determine people’s purchasing power.
  sehingga digunakan untuk mengetahui daya beli masyarakat.

  Daya beli masyarakat masih belum sepenuhnya kembali                                                                                            People’s purchasing power has not yet completely returned
  normal pasca pandemi, terutama pada kelompok pendapatan                                                                                        to normal after the pandemic, especially in the lower-middle-
  menengah-bawah. Daya beli kelompok sangat sensitif                                                                                             income group. The group’s purchasing power was very
  terhadap kenaikan harga kebutuhan pokok, tarif listrik, dan                                                                                    sensitive to increases in the prices of basic necessities as
  tarif transportasi. Pengeluaran mereka lebih difokuskan pada                                                                                   well as electricity and transportation tariffs. Their spending
  pemenuhan kebutuhan dalam dalam rangka mobilisasi pasca                                                                                        is more focused on meeting their needs in post-new-normal
  new-normal, kembali bekerja di kantor dan ke sekolah, serta                                                                                    mobilization, returning to work from office, going back to
  belanja kebutuhan pokok.                                                                                                                       school, and buying basic necessities.




2023 ANNUAL REPORT                                                                                                                                                                          P T E R A J AYA S WA S E M B A D A T B K                           117
Page 120
            analisis & pembahasan manajemen




      TINJAUAN MAKROEKONOMI
      MACROECONOMIC REVIEW




      Perubahan gaya hidup pasca pandemi juga terjadi bagi             Post-pandemic lifestyle changes also occurred in the upper-
      kelompok pendapatan menengah-atas dengan daya beli               middle income group with relatively stable and strong
      yang relatif masih stabil dan kuat. Salah satu kategori yang     purchasing power. One of the categories that is the focus of
      menjadi fokus belanja kelompok ini adalah travelling, leisure,   this group’s shopping is travel, leisure, and entertainment.
      dan entertainment.

      Adanya indikasi penurunan daya beli masyarakat terkonfirmasi     The indication of a decline in people’s purchasing power
      oleh hasil survei yang dilakukan Bank Indonesia (BI).            was confirmed by the results of a survey conducted by Bank
      Berdasarkan data Survei Konsumen BI edisi November 2023,         Indonesia (BI). Based on data from the November 2023 edition
      rasio konsumsi kelompok dengan pengeluaran di bawah              of the BI Consumer Survey, the consumption ratio for groups
      Rp5 juta sebagian besar mengalami penurunan. Penurunan           with expenditures below IDR5 million has mostly decreased.
      paling dalam dicatatkan oleh kelompok pengeluaran Rp2,1          The deepest decline was recorded by the expenditure group
      juta - Rp3 juta, diikuti kelompok pengeluaran Rp4,1 juta -       of IDR2.1 million - IDR3 million, followed by the expenditure
      Rp5 juta. Salah satu pemicu pelemahan daya beli masyarakat       group of IDR4.1 million - IDR5 million. One of the triggers for
      menengah-bawah adalah kurang tersentuhnya kelompok               the weakening purchasing power of the lower middle class
      tersebut oleh program-program stimulus dan insentif              is that this group is less touched by government stimulus
      pemerintah. Kebijakan pemerintah selama ini memang lebih         and incentive programs. So far, government policy has been
      ditujukan untuk penanganan ekonomi masyarakat miskin,            more aimed at handling the economy of the poor and has not
      dan belum fokus untuk menjaga daya beli kelas menengah-          focused on maintaining the purchasing power of the lower
      bawah.                                                           middle class.




118      P T E R A J AYA S WA S E M B A D A T B K                                                        L A P O R A N TA H U N A N 2 0 2 3
Page 121

          
Page 122
            analisis & pembahasan manajemen




      TINJAUAN INDUSTRI
      INDUSTRY REVIEW




                                                                                Perseroan selalu
                                                                            mencermati kondisi
                                                                            pasar yang dinamis
                                                                          dan berupaya menjaga
                                                                       momentum pertumbuhan
                                                                        melalui berbagai strategi
                                                                         yang inovatif dan out of
                                                                                         the box.

                                                                                  The Company continuously monitors
                                                                              dynamic market conditions and strives to
                                                                           maintain growth momentum with innovative
                                                                                         and out of the box strategies.




      Pada tahun 2023, tekanan dari sisi pasokan karena kondisi   In 2023, pressure from the supply side due to the chip
      kelangkaan chip yang terjadi sejak masa pandemi sudah       shortage that has occurred since the pandemic was resolved.
      teratasi. Hal ini membuat ketersediaan produk smartphone,   This makes the availability of smartphone products more
      semakin bervariatif. Namun pasar smartphone belum mampu     varied. However, the smartphone market has not been
      kembali ke kondisi sebelum pandemi terutama untuk produk    able to return to pre-pandemic conditions, especially for
      dengan varian harga entry-level atau affordable, yang       products with entry-level or affordable price variants that
      menyasar konsumen kelas menengah-bawah. Di sisi lain,       are targeted at lower-middle-class consumers. On the other
      smartphone tipe premium masih memiliki permintaan yang      hand, premium-type smartphones still have high demand,
      tinggi didukung oleh pasokan produk yang terjaga.           supported by a maintained product supply.




120      P T E R A J AYA S WA S E M B A D A T B K                                                 L A P O R A N TA H U N A N 2 0 2 3
Page 123
                                                                  m a n a g e m e n t d i s c u s s i o n & a n a ly s i s




  Menurut laporan Counterpoint’s Monthly Indonesia                 According to Counterpoint’s Monthly Indonesia Smartphone
  Smartphone Tracker, pengiriman (shipment) smartphone di          Tracker report, domestic cellphone shipments in 2023 fell 6%
  dalam negeri tahun 2023 turun 6% dibandingkan periode            compared to the same period in 2022 (yoy). This decline in
  yang sama pada 2022 (yoy). Penurunan pengiriman ini              shipments even reached 10% (yoy) in the first half of 2023.
  bahkan mencapai 10% (yoy) pada paruh pertama tahun 2023.         A larger decline can be suppressed in the second semester
  Penurunan yang lebih besar dapat ditekan pada semester           due to the festive season (Eid al-Fitr and Christmas), which
  kedua karena adanya momen hari raya (Idul Fitri dan Natal)       drove demand for smartphones due to price promotions/
  yang mendorong permintaan terhadap smartphone karena             bundling programs, the expansion of offline retail coverage,
  promosi harga/program bundling, perluasan cakupan ritel          as well as the launch of new cellphones with more complete
  offline, serta peluncuran ponsel baru dengan spesifikasi yang    specifications to replace old models.
  lebih lengkap untuk menggantikan model lama.

  Bila dirinci, pasar smartphone segmen entry-level (rentang       If detailed, the entry-level smartphone market (maximum
  harga sampai dengan Rp3 juta) mencetak pertumbuhan               price of Rp3 million) recorded the largest growth of 22%.
  paling besar, yakni 22%. Segmen smartphone kelas atas            The high-end smartphone segment grew 13% in the second
  tumbuh 13% pada semester kedua 2023 didorong oleh                semester of 2023, driven by the launch of new high-end
  peluncuran produk-produk baru kelas atas dengan harga            products with prices in the range of Rp6 million to Rp9
  di kisaran Rp6 juta hingga Rp9 juta. Pasar smartphone            million. The premium smartphone market with prices above
  premium dengan harga di atas Rp9 juta juga tumbuh 11%.           Rp9 million also grew by 11%. Based on Counterpoint’s
  Berdasarkan catatan Counterpoint, peningkatan pengiriman         records, the increase in premium cellphone shipments was
  smartphone premium terutama karena peluncuran baru               mainly due to the new launch of the Apple iPhone 15 series,
  Apple iPhone 15 series, seri Samsung Galaxy Z Flip5/Fold5,       Samsung Galaxy Z Flip5/Fold5 series, and OPPO Reno10 Pro
  dan OPPO Reno10 Pro Plus.                                        Plus.

  Pada semester kedua 2023, pengiriman smartphone 5G naik          In the second semester of 2023, 5G smartphone shipments
  10% (yoy). Ponsel 5G yang paling banyak dikirimkan berasal       continued to increase by 10% (yoy). The most shipped 5G
  dari segmen entry-level (sekitar Rp 3 juta) dan mid-range        phones come from the entry-level segment (around Rp3
  (antara Rp3 juta – Rp6 juta).                                    million) and mid-range segment (between Rp3 million and
                                                                   Rp6 million).

  Tren pelemahan daya beli juga berdampak pada sektor ritel        The trend of weakening purchasing power also impacted
  dan industri makanan dan minuman (food and beverages/            the retail sector and the food and beverage (F&B) industry.
  F&B). Berdasarkan data Asosiasi Pengusaha Ritel Indonesia        According to Indonesian Retail Entrepreneurs Association
  (Aprindo), pertumbuhan ritel nasional pada tahun 2023            (Aprindo) data, national retail growth in 2023 reached 3.6%.
  mencapai 3,6%. Pencapaian ini lebih rendah dibandingkan          This achievement is lower than the growth in 2022, which
  pertumbuhan tahun 2022 yang berada pada kisaran 3,8-             was in the range of 3.8-3.9%. Meanwhile, based on the BPS
  3,9%. Sementara berdasarkan laporan BPS, pertumbuhan             report, the growth of the F&B industry throughout 2023 only
  industri F&B sepanjang tahun 2023 hanya mencapai 4,6%,           reached 4.6%, lower than the 4.9% in 2022 and significantly
  lebih rendah dari 4,9% pada tahun 2022 dan jauh di bawah         below pre-pandemic conditions, which ranged from 7-9%.
  kondisi sebelum pandemi yang berada di kisaran 7-9%.




2023 ANNUAL REPORT                                                                        P T E R A J AYA S WA S E M B A D A T B K   121
Page 124
          analisis & pembahasan manajemen




      TINJAUAN OPERASIONAL
      OPERATIONAL REVIEW




                                                  images




       Grup Erajaya menjalankan kegiatan usaha sebagai
       importir, distribusi dan perdagangan ritel perangkat
       telekomunikasi. Dengan melandaskan bisnisnya pada
       pelanggan atau bisnis “customer-centric”, Perseroan
       secara aktif melebarkan lini bisnisnya melalui 4
       vertikal bisnis, yakni: Erajaya Digital, Erajaya Beauty &
       Wellness, Erajaya Active Lifestyle, dan Erajaya Food &
       Nourishment.
       Erajaya Group engages in its business activities as importers, distributors, and retailers
       of telecommunication devices. By basing its business on customers, or “customer-
       centric” business, the Company actively expands its business lines by opening new
       categories through 4 business verticals,namely: Erajaya Digital, Erajaya Beauty &
       Wellness,Erajaya Active Lifestyle, and Erajaya Food & Nourishment.


122    P T E R A J AYA S WA S E M B A D A T B K                                            L A P O R A N TA H U N A N 2 0 2 3
Page 125
                                                                      m a n a g e m e n t d i s c u s s i o n & a n a ly s i s




  BISNIS DISTRIBUSI                                                    DISTRIBUTION BUSINESS
  Melalui entitas anaknya, PT Teletama Artha Mandiri (“TAM”),          Through its subsidiaries, PT Teletama Artha Mandiri (“TAM”),
  PT Sinar Eka Selaras (“SES”), PT Multi Media Seluler (“MMS”),        PT Sinar Eka Selaras (“SES”), PT Multi Media Seluler (“MMS”),
  Era International Network Sdn. Bhd. (“EIN Malaysia”), PT             Era International Network Sdn. Bhd. (“EIN Malaysia”), PT
  Prakarsa Prima Sentosa (“PPS”), PT Surya Andra Medicalindo           Prakarsa Prima Sentosa (“PPS”), PT Surya Andra Medicalindo
  (“SAM”), PT JDSports Distribution, PT Urogen Advanced                (“SAM”), PT JDSports Distribution, PT Urogen Advanced
  Solutions (“UAS”), PT Prima Pesona Prakarsa (“PPP”), dan PT          Solutions (“UAS”), PT Prima Pesona Prakarsa (“PPP”),
  Era Caring Indonesia, Grup Erajaya mendistribusikan produk-          and PT Era Caring Indonesia, Erajaya Group distributes
  produk perangkat telekomunikasi yang mencakup telepon                telecommunication equipment products, which include
  selular, smartphone, tablet, SIM Card, voucher isi ulang,            cellular phones, smartphones, tablets, SIM cards, top-up
  produk-produk Teknologi Informasi, produk-produk fashion             vouchers, information technology products, fashion apparel
  apparel, produk-produk kesehatan serta layanan pendukung             products, health products, and other support services.
  lainnya.

  TAM telah membangun kemitraan strategis dengan                       TAM has built strategic partnerships with brand principals of
  prinsipal merek perangkat telekomunikasi dan gadget untuk            telecommunication devices to distribute its products, namely
  mendistribusikan produknya, meliputi Apple, ASUS, Nokia,             Apple, ASUS, Nokia, Samsung, Xiaomi, and others. By the
  Samsung, Xiaomi dan lainnya. Hingga akhir tahun 2023,                end of 2023, TAM has 65 distribution centers located all over
  TAM telah memiliki 65 titik distribusi yang tersebar di seluruh      Indonesia.
  Indonesia.

  SES membangun kemitraan strategis dengan prinsipal merek             SES has strategic partnerships with brand principals of
  gadget untuk mendistribusikan produknya, meliputi DJI,               gadgets to distribute their products, namely DJI, GoPro,
  GoPro, Garmin, dan lainnya.                                          Garmin, and others.

  MMS mendistribusikan produk-produk operator jaringan                 MMS distributes products from leading network operators in
  terkemuka di Indonesia, yaitu Indosat Ooredoo, Telkomsel,            Indonesia, namely Indosat Ooredoo, Telkomsel, and XL. By
  dan XL. Hingga akhir 2023 MMS telah memiliki 23 titik                the end of 2023, MMS had 23 distribution centers throughout
  distribusi yang tersebar di seluruh Indonesia.                       Indonesia.

  EIN Malaysia adalah authorized distributor aksesoris                 EIN Malaysia is an authorized distributor for telecommunication
  perangkat telekomunikasi Samsung Memory, Huawei,                     device accessories such as Samsung Memory, Huawei,
  Kingmax, Plantronics & iTouch, sekaligus sebagai distributor         Kingmax, Plantronics & iTouch. It is also the distributor of
  smartphone Lenovo dan Alcatel di Malaysia. Hingga akhir              Lenovo and Alcatel smartphones in Malaysia. By the end of
  2023, EIN Malaysia telah memiliki 1 titik distribusi di Malaysia.    2023, EIN Malaysia had 1 distribution center in Malaysia.

  Di Singapura, Perseroan juga memiliki distributor untuk              In Singapore, the Company also has distributors for various
  beragam perangkat telekomunikasi. Hingga akhir 2023.                 telecommunications equipment. Until the end of 2023. The
  Perseroan memiliki 3 titik distribusi.                               company has 3 distribution points.

  PPP merupakan perusahaan yang mendistribusikan produk                PPP is a company that distributes Xiaomi handset products.
  handset xiaomi.

  PPS merupakan entitas anak Erajaya yang bergerak dalam               PPS is a subsidiary of Erajaya engaged in providing “electronic
  bidang penyediaan akses “electronic gateway” untuk voucher           gateway” access for electronic vouchers from various
  elektronik dari berbagai macam perusahaan seperti operator           companies, such as telecommunication operators, PLN, and
  telekomunikasi, PLN, dan permainan online.                           online games.




2023 ANNUAL REPORT                                                                            P T E R A J AYA S WA S E M B A D A T B K   123
Page 126
           analisis & pembahasan manajemen




      TINJAUAN OPERASIONAL
      OPERATIONAL REVIEW




      MODEL BISNIS & PORTOFOLIO PRODUK
      BUSINESS MODEL AND PRODUCT PORTFOLIO




                             Erajaya                                             Erajaya Beauty
                             Digital                                              & Wellness
             Fokus pada produk consumer electronic, handset, laptop,           Fokus pada produk perawatan kecantikan, kesehatan, serta
             komputer, bisnis operator dan voucher, serta produk relevan       produk-produk farmasi dengan bisnis ritel yang didukung toko
             lainnya dengan beragam konsep toko dari multibrand seperti        The Face Shop dan Wellings dan bisnis distribusi peralatan
             Erafone, Erablue maupun monobrand seperti iBox, Samsung,          medis yang bekerja sama dengan beragam brand.
             Mi-store, dan lainnya dengan beberapa brand principal.
                                                                               Focusing on beauty, health care, and pharmaceutical products
             Focusing on consumer electronics, handsets, laptops, computers,   with a retail business supported by The Face Shop and
             operator business and vouchers, as well as other relevant         Wellings stores and a medical devices distribution business in
             products with a variety of store concepts, from multibrand        collaboration with various brands.
             concepts like Erafone, Erablue store to monobrand concepts like
             iBox, Samsung, Mi-store, and other several brands




                        Erafone                         iBox                          The Face Shop              B2B Medical Equipment
                  (Multibrand gadget)         (Apple premium partner)              (Comestic & Skincare)            Distributorship




                     Samsung                          Mi Store
                 (Monobrand gadget)              (Monobrand gadget)                     Wellings
                                                                                       (Pharmacy)




                                        Erablu
                                    (Multibrand CE)




124     P T E R A J AYA S WA S E M B A D A T B K                                                            L A P O R A N TA H U N A N 2 0 2 3
Page 127
                                                                      m a n a g e m e n t d i s c u s s i o n & a n a ly s i s




        Erajaya                                                           Erajaya Food
    Active Lifestyle                                                     & Nourishment
  Fokus pada produk lifestyle seperti accessories, Internet of         Fokus pada bisnis food & beverages dengan beragam konsep
  Things (IoT), sport fashion apparel serta produk aktivitas           toko seperti chain restaurant, café & bakery, serta grocery store
  outdoor dengan beragam konsep toko dari multibrand seperti           termasuk restoran Sushi Tei, Paris Baguette, dan grocery store
  Urban Republic, JD Sports, MST Golf, Urban Adventure maupun          Grand Lucky.
  monobrand, seperti Asics, DJI, Garmin, 6IXTY8IGHT dan lainnya.
                                                                       Focusing on food & beverages business with a variety of store
  Focusing on lifestyle-related products such as accessories,          concepts such as chain restaurants, cafés & bakeries, as well as
  Internet of Things (IoT), sport fashion apparel, as well as other    grocery stores including Sushi Tei restaurant, Paris Baguette ,
  outdoor activity-related products with a variety of stores, from     and Grand Lucky grocery store.
  multibrand concepts like Urban Republic,JD Sports stores, MST
  Golf, and Urban Adventure to monobrand concepts like Asics,
  DJI, Garmin, 6IXTY8IGHT and other several brands.


                                     asics                                                      Paris Baguette
                                (Sport Apparel)                                                 (Cafe & Bakery)



         Urban Republic                           IT
         (Multibrand IoT)                  (IoT Ecosystem)


                                                                                                  Grand Lucky
                                                                                                 (Grocery store)

              Garmin                              DJI
         (IoT Smartwatch)                     (IoT Drone)


                                                                                                   Sushi Tei
                                                                                             (Japanese restaurant)

             Marshall                          JD Sports
             (Speaker)                      (Sport Apparel)




            6ixty8ight                          MST Golf
             (Fashion)                      (Sport & Lifestyle)




2023 ANNUAL REPORT                                                                            P T E R A J AYA S WA S E M B A D A T B K     125
Page 128
            analisis & pembahasan manajemen




      TINJAUAN OPERASIONAL
      OPERATIONAL REVIEW




      PT JDsports Distribution merupakan perusahaan ventura             PT JDsports Distribution is a joint venture company with
      bersama dengan JDSports UK yang bergerak pada distribusi          JDSports UK engaged in fashion distribution that focuses
      fashion yang berfokus pada penjualan produk brand active          on selling active lifestyle apparel brand products through JD
      lifestyle apparel melalui toko JD Sports di Indonesia.            Sports stores in Indonesia.

      SAM dan UAS adalah perusahaan yang bergerak dalam                 SAM and UAS are companies engaging in the distribution of
      bidang distribusi peralatan medis.                                medical equipment.

      PT Era Caring Indonesia merupakan perusahaan yang                 PT Era Caring Indonesia is a company engaged in product
      bergerak pada distribusi produk beberapa brand kesehatan          distribution for several wellness brands through Wellings
      melalui apotek Wellings.                                          pharmacies.

      BISNIS RITEL                                                      RETAIL BUSINESS
      Grup Erajaya melalui entitas anaknya, CG Computers Sdn.           The Erajaya Group, through its subsidiary, CG Computers Sdn.
      Bhd. (“CG Computers”), PT Data Citra Mandiri (“DCM”), Era         Bhd. (“CG Computers”), PT Data Citra Mandiri (“DCM”), Era
      International Network Pte. Ltd (“EIN Singapura”), PT Erafone      International Network Pte. Ltd (“EIN Singapore”), PT Erafone
      Artha Retailindo (“Erafone”), Erajaya Swasembada Pte Ltd,         Artha Retailindo (“Erafone”), Erajaya Swasembada Pte Ltd,
      PT Mitra International Indonesia (“MII”), PT Nusa Abadi           PT Mitra International Indonesia (“MII”), PT Nusa Abadi
      Sukses Artha (“NASA”), PT Nusa Gemilang Abadi (“NGA”),            Sukses Artha (“NASA”), PT Nusa Gemilang Abadi (“NGA”),
      dan PT Era Farma Indonesia (“EFI”), PT Erablu Elektronik,         and PT Era Farma Indonesia (“EFI”), PT Erablu Elektronik,
      PT JDSports Fashion Indonesia, PT Era Aktif Indonesia, PT         PT JDSports Fashion Indonesia, PT Era Active Indonesia, PT
      Mitra Belanja Anda (“MBA”),PT Era Boga Patiserindo (“EBP”),       Mitra Belanja Anda (“MBA”), PT Era Boga Patiserindo (“EBP”),
      dan PT Sinar Era Aktif menjalankan bisnis ritel dengan            and PT Sinar Era Active runs a retail business by selling their
      menjual produk masing-masing secara langsung kepada               respective products directly to their customers through their
      pelanggannya melalui gerai-gerai ritel yang dimilikinya.          retail outlets.

      PT Erablu Elektronik bergerak di bisnis elektronik konsumen       PT Erablu Elektronik is engaged in the consumer electronics
      melalui toko Erablue yang dikelola oleh PT Erablu Elektronik.     business through Erablue stores managed by PT Erablu
      Hingga akhir tahun 2023, Perseroan memiliki 38 (tiga puluh        Elektronik. Until the end of 2023, the Company has 38 (thirty
      delapan) toko Erablue.                                            eight) Erablue stores.

      NGA bergerak di bisnis produk skincare dan kosmetik melalui       NGA has been engaged in the skincare and cosmetic product
      brand “The Face Shop” sejak tahun 2020.                           business through “The Face Shop” since 2020.

      EFI bergerak di bisnis produk produk kesehatan melalui toko       EFI is engaged in the health product business through
      Wellings.                                                         Wellings stores.

      MBA bergerak di bisnis produk daily groceries melalui toko        MBA is engaged in the daily grocery product business through
      Grand Lucky. Hingga akhir tahun 2023, Perseroan memiliki 7        the Grand Lucky store. As of the end of 2023, the Company
      (tujuh) toko Grand Lucky.                                         has 7 (seven) Grand Lucky stores.

      EBP bergerak di bisnis restaurant & café bakery melalui brand     EBP is engaged in the restaurant & café bakery business
      Paris Baguette. Hingga akhir tahun 2023, Erajaya memiliki 13      through the Paris Baguette brand. As of the end of 2023,
      (tiga belas) toko Paris Baguette.                                 Erajaya has 13 (thirteen) Paris Baguette stores.

      PT Sinar Era Aktif bergerak di bisnis lifestyle yang fokus pada   PT Sinar Era Active is engaged in the lifestyle business, which
      produk selam di Indonesia.                                        focuses on diving products in Indonesia.

      Sepanjang tahun 2023, jumlah outlet Perseroan tercatat            Throughout 2023, the number of Erajaya outlets reached
      sebanyak 2.049 dengan jumlah reseller pihak ketiga                2,049, with the number of third-party resellers reaching
      mencapai ±70.000. Berikut ini adalah daftar gerai ritel yang      ±70,000. The following is a list of Erajaya Group’s retail
      dimiliki oleh Grup Erajaya hingga akhir tahun 2023.               outlets in 2023:




126      P T E R A J AYA S WA S E M B A D A T B K                                                         L A P O R A N TA H U N A N 2 0 2 3
Page 129
                                                                                m a n a g e m e n t d i s c u s s i o n & a n a ly s i s




                                                                                                                                   Jumlah Gerai
                                                                                                                                 Number of Outlets
    No.                                          Jenis Gerai | Type of Outlet
                                                                                                                              2023             2022


    1     Gerai Erafone |Erafone Outlet                                                                                       1.040             729

    2     Mi Authorized Store Indonesia|Indonesia Mi Authorized Store                                                            83              74

    3     Samsung Experience Store|Samsung Experience Store                                                                     133             125

    4     Gerai Urban Republic Indonesia|Indonesia Urban Republic Store                                                          54              28

    5     Bisnis Bersama|Joint Business                                                                                         102             206

    6     Gerai iBox|iBox Outlet                                                                                                134              93

    7     Gerai Operator|Operator Outlet                                                                                         43              67

    8     Gerai Paris Baguette|Paris Baguette Outlet                                                                             13              10

    9     Gerai Mi Authorized Stores Malaysia|Malaysia Mi Authorized Stores Outlet                                                9                  9

    10    Gerai Huawei Malaysia|Huawei Malaysia Outlet                                                                            4                  5

    11    Samsung Experience Store Malaysia|Malaysia Samsung Experience Store                                                     9                  8

    12    Gerai Switch Malaysia|Malaysia Switch Outlet                                                                           88              72

    13    Gerai Switch Singapore|Singapore Switch Outlet                                                                          6                  -

    14    Gerai Urban Republic Malaysia|Malaysia Urban Republic Outlet                                                          119              88

    15    Gerai Sushi Tei|Sushi Tei Outlet                                                                                       56              54

    16    Gerai Sony Malaysia|Malaysia Sony Outlet                                                                                1                  1

    17    Gerai Mi Authorized Stores Singapura|Singapore Mi Authorized Stores Outlet                                              8                  7

    18    Gerai Urban Republic Singapure|Singapore Urban Republic Outlet                                                          4                  2

    19    Gerai SingTel Singapura|Singapore SingTel Outlet                                                                        7                  8

    20    Gerai Grand Lucky|Grand Lucky Outlet                                                                                    7                  5

    21    Gerai Huawei|Huawei Outlet                                                                                              8                  8

    22    Gerai Garmin|Garmin Outlet                                                                                             22              17

    23    Gerai Honor Malaysia|Malaysia Honor Outlet                                                                               -                 1

    24    Gerai Huluwa|Huluwa Outlet                                                                                               -                 1

    25    Gerai DJI|DJI Outlet                                                                                                   10                  7

    26    Gerai The Face Shop|The Face Shop Outlet                                                                                5              33

    27    Gerai Erablue |Erablue Outlet                                                                                          38                  5

    28    Gerai Wellings |Wellings Outlet                                                                                        16              14

    29    Gerai JD Sports| JD Sports Outlet                                                                                      11                  7

    30    Gerai ASICS| ASICS Outlet                                                                                              10                  4

    31    Gerai Urban Adventure | Urban Adventure Outlet                                                                          3                  1

    32    Gerai IT (Immersive Tech) | IT (Immersive Tech) Outlet                                                                  3                  -

    33    Gerai MST Golf | MST Golf Outlet                                                                                        1                  -

    34    Gerai 6IXTY8IGHT | 6IXTY8IGHT Outlet                                                                                    1                  -

    35    Gerai Logitech | Logitech Outlet                                                                                        1                  -

          Jumlah | Total                                                                                                      2,049           1,689




2023 ANNUAL REPORT                                                                                      P T E R A J AYA S WA S E M B A D A T B K         127
Page 130
            analisis & pembahasan manajemen




      TINJAUAN OPERASIONAL
      OPERATIONAL REVIEW




      BISNIS E-COMMERCE                                                E-COMMERCE BUSINESS
      Penjualan ritel kepada pelanggan juga dilakukan melalui          Retail sales to customers are also conducted through online
      saluran penjualan berbasis internet atau e-Commerce,             channels, or e-commerce, namely iBox.co.id and Eraspace.
      yaitu iBox.co.id dan Eraspace.com. Secara keseluruhan,           com. Overall, iBox.co.id and eraspace.com provide data and
      iBox.co.id, dan eraspace.com memuat data dan keterangan          technical information on various product portfolios, sales
      teknis dari ragam portofolio produk, promosi penjualan,          promotions, online membership portals, online sales services,
      panel keanggotaan online, pelayanan penjualan online, dan        information on payment methods, as well as customer care.
      keterangan mekanisme pembayaran, serta layanan customer          The company also entered into several leading marketplaces
      care. Perseroan juga memasuki beberapa marketplace               in Indonesia, such as Tokopedia, Shopee, and Blibli.
      terkemuka di Indonesia, seperti Tokopedia, Shopee, dan Blibli.

      Beberapa strategi bisnis e-commerce yang sudah dilakukan         Several e-commerce business strategies that have been
      antara lain:                                                     carried out include:
      1. Home Delivery Service/EraXpress                               1. Home Delivery Service/EraXpress
         Layanan delivery yang dilakukan langsung oleh Perseroan           Delivery service provided directly by the Company
         dalam kurun waktu 3 jam dan gratis biaya pengiriman               within 3 hours and free of delivery charges to provide
         untuk memberikan kemudahan dalam mendapatkan                      convenience in acquiring the desired product without
         produk yang diinginkan tanpa perlu keluar rumah.                  having the need to leave the house.
      2. Omni-Channel                                                  2. Omni-Channel
         Layanan berbasis O2O (online to offline dan sebaliknya)           O2O-based services (online to offline or vice versa),
         yang memberikan kebebasan bagi konsumen untuk                     providing consumers the freedom to order products such
         memesan produk seperti Click & Pickup.                            as Click & Pickup.
      3. Online Exhibition                                             3. Online Exhibition
         Berfokus pada strategi promosi/event secara online                Focusing on online promotion/event strategies through its
         melalui media digital yang dimiliki.                              digital media.
      4. e-Commerce                                                    4. e-Commerce
         Secara aktif memperluas dan memperkuat eksistensi                 Actively expanding and strengthening the Company’s
         Perseroan secara online melalui pasar e-Commerce.                 online presence through the e-Commerce market.

      KINERJA TAHUN 2023                                               2023 PERFORMANCE
      Pada tahun 2023, Perseroan berhasil mempertahankan               In 2023, the Company managed to maintain positive growth
      pertumbuhan positif dengan membukukan penjualan bersih           by recording net sales that grew by 21.6% and profit after
      yang tumbuh 21,6% dan laba setelah pajak yang diatribusikan      tax attributable to owners of the parent company of Rp826.1
      kepada pemilik entitas induk Rp826,1 miliar.                     billion.

      Kondisi perekonomian nasional dan global membawa dampak          National and global economic conditions had an impact on
      pada pola konsumsi dan gaya hidup masyarakat di sepanjang        people’s consumption patterns and lifestyles in 2023. The
      tahun 2023. Perseroan melihat dinamika ini sebagai salah         Company sees this dynamic as an opportunity to develop
      satu kesempatan untuk mengembangkan vertikal bisnis              the Erajaya Group’s business vertical and retail network.
      dan jaringan ritel Grup Erajaya. Beberapa strategi inisiatif     Some of the Company’s strategic initiatives in 2023 included
      Perseroan pada tahun 2023 termasuk memperkenalkan                introducing new brands such as 6IXTY8IGHT and MST Golf
      brand baru seperti 6IXTY8IGHT dan MST Golf di bawah              under the Erajaya Active Lifestyle. The Company increased
      naungan Erajaya Active Lifestyle. Perseroan juga menambah        its physical retail presence by opening 629 new outlets
      kehadiran ritel fisik melalui pembukaan 629 gerai baru di        throughout 2023.
      sepanjang tahun 2023.




128      P T E R A J AYA S WA S E M B A D A T B K                                                       L A P O R A N TA H U N A N 2 0 2 3
Page 131
                                                                 m a n a g e m e n t d i s c u s s i o n & a n a ly s i s




  Hingga akhir tahun 2023, Grup Erajaya telah memiliki            By the end of 2023, the Erajaya Group already had 2,049
  2.049 gerai ritel yang beroperasi di Indonesia, Malaysia dan    retail outlets operating in Indonesia, Malaysia, and Singapore.
  Singapura. Perseroan juga memiliki 97 pusat distribusi untuk    The Company also has 97 distribution centers to support
  mendukung operasional bisnis, serta bekerja sama dengan         business operations and collaborates with more than 70,000
  lebih dari 70.000 toko ritel pihak ketiga. Ekspansi jaringan    third-party retail stores. The expansion of the retail network
  ritel untuk menjangkau kota-kota di Indonesia bertujuan         to reach cities in Indonesia aimed to meet demand from
  untuk memenuhi permintaan dari masyarakat yang ingin            people who want to get products that complement their
  mendapatkan produk yang melengkapi gaya hidupnya dari           lifestyle from outlets operated by the Erajaya Group.
  gerai yang dioperasikan oleh Grup Erajaya.

  Perseroan juga terus mengembangkan channel online untuk         The Company continues to develop online channels to
  menjawab permintaan dari pelanggan melalui layanan              answer customer requests through Eraspace e-commerce
  e-commerce eraspace, serta hadir di sejumlah platform           services, as well as being present on a number of well-
  e-commerce ternama di Indonesia. Platform MyEraspace,           known e-commerce platforms in Indonesia. The MyEraspace
  program CRM (Customer Relationship Management) sudah            platform’s CRM (Customer Relationship Management)
  memiliki hampir 10 juta anggota pada tahun 2023, meningkat      program had almost 10 million members in 2023, an increase
  50% dibandingkan dengan jumlah keanggotaan pada tahun           of 50% compared to the number of memberships in 2022.
  2022.

  Perseroan membangun strategi omnichannel yang                   The Company developed an omnichannel strategy combining
  menggabungkan pengalaman berbelanja offline dan online          seamless offline and online shopping experiences. Customers
  tanpa batas (seamless). Pelanggan dapat memilih berbagai        can choose various omnichannel services, such as “Click N’
  layanan omnichannel seperti “Click N’ Pickup” yakni             Pickup,” where customers complete transactions online by
  pelanggan yang merampungkan transaksi secara online             picking up goods at physical stores, “Mobile Selling,” for
  dengan pengambilan barang di toko fisik, “Mobile Selling”       transactions via WhatsApp services and “EraXpress,” which
  untuk transaksi melalui layanan WhatsApp dan “EraXpress”        provides delivery to after-sales directly to consumers’ homes.
  yang melayani pengiriman hingga purnajual langsung ke
  rumah konsumen.

  Dengan keempat vertikal bisnis yang dimiliki, Perseroan         With four business verticals, the Company will become
  akan menjadi pemain utama ritel lifestyle terdepan dengan       the leading lifestyle retailer with the widest omnichannel
  jaringan omnichannel terluas. Pencapaian di masing-masing       network. Achievements in each business vertical in 2023,
  vertikal bisnis pada tahun 2023 terutama untuk pertumbuhan      especially for new business growth, are as follows:
  bisnis baru adalah sebagai berikut:

  1. Erajaya Digital                                              1. Erajaya Digital
     Di awal tahun 2023, Erajaya Digital mengumumkan                 In early 2023, Erajaya Digital announced the formation of
     pembentukan joint venture partnership dengan Mobile             a joint venture partnership with Mobile World Group from
     World Group dari Vietnam untuk membuka toko ritel               Vietnam to open a consumer electronics retail store under
     consumer electronics dengan nama Era Blue. Hingga               the name Era Blue. Until the end of 2023, 38 Era Blue
     akhir tahun 2023 telah memiliki 38 gerai Era Blue di            outlets have been operated in Jabodetabek.
     Jabodetabek.
  2. Erajaya Active Lifestyle                                     2. Erajaya Active Lifestyle
     Pada tahun 2023, Erajaya Active Lifestyle menjalin              In 2023, Erajaya Active Lifestyle entered into a strategic
     kemitraan strategis dengan MST Golf Group Berhad untuk          partnership with MST Golf Group Berhad to bring MST
     membawa MST Golf di Indonesia menjual perlengkapan              Golf to Indonesia, selling golf sports equipment and
     olahraga golf dan sportainment simulator golf. MST              golf simulator sportainment. MST Golf has opened
     Golf telah membuka satu gerai di Jakarta dan akan terus         one outlet in Jakarta and will continue to develop it in
     dikembangkan sejalan dengan sambutan konsumen.                  line with consumer responses. Apart from that, Erajaya
     Selain itu, Erajaya Active Lifestyle telah memperkenalkan       Active Lifestyle has introduced the fashion apparel brand
     brand fashion apparel 6IXTY8IGHT dengan membuka                 6IXTY8IGHT by opening one outlet in 2023.
     satu gerai di tahun 2023.




2023 ANNUAL REPORT                                                                       P T E R A J AYA S WA S E M B A D A T B K   129
Page 132
              analisis & pembahasan manajemen




      TINJAUAN OPERASIONAL
      OPERATIONAL REVIEW




      3. Erajaya Food & Nourishment                                       3. Erajaya Food & Nourishment
         Erajaya Food & Nourisment membentuk joint venture                   Erajaya Food & Nourisment formed a joint venture
         partnership dengan GrandLucky Group untuk membuka                   partnership with GrandLucky Group to open a grocery
         jaringan toko grocery dan hingga akhir Desember 2023                store network, and by the end of December 2023, it had
         telah memiliki 7 toko. Sebuah joint venture partnership             7 stores. A joint venture partnership was also formed
         juga dibentuk dengan SPC Group dari Singapura,                      with SPC Group from Singapore to open a Paris Baguette
         untuk membuka jaringan café-bakery Paris Baguette di                café-bakery network in Indonesia, which currently has 13
         Indonesia, dan saat ini telah memiliki 13 di Indonesia.             outlets. This vertical also invested in the form of share
         Vertikal ini juga melakukan investasi dalam bentuk                  ownership in Sushi Tei Group.
         kepemilikan saham ke dalam Sushi Tei Group.
      4. Erajaya Beauty & Wellness                                        4. Erajaya Beauty & Wellness
         Erajaya Beauty & Wellness telah membuka jaringan                    Erajaya Beauty & Wellness has opened a Wellings
         Apotek Wellings di Indonesia, dengan berkolaborasi                  Pharmacy network in Indonesia, in collaboration with
         dengan CARiNG Pharmacy Retail Management Sdn Bhd                    CARiNG Pharmacy Retail Management Sdn Bhd from
         dari Malaysia. Hingga akhir 2023 telah hadir 16 apotek              Malaysia. Until the end of 2023, 16 Wellings pharmacies
         Wellings di Indonesia. Selain itu merek The Face Shop               have been present in Indonesia. In addition, the well-
         ternama dari Korea Selatan hingga akhir tahun 2023                  known Face Shop brand from South Korea until the end
         telah memiliki 5 toko di Indonesia.                                 of 2023 has 5 stores in Indonesia.

      PROFITABILITAS SEGMEN                                               SEGMENT PROFITABILITY
      Perseroan membagi segmen operasi sesuai PSAK 5 (Revisi              The Company divides operating segments according to PSAK
      2009) untuk pelaporan keuangan, yakni segmen Telepon                5 (Revised 2009) for financial reporting, namely Cellular
      Selular dan Tablet, Produk Operator, Komputer & Peralatan           Phones and Tablets, Operator Products, Computers & Other
      Elektronik Lainnya, dan Aksesoris & Lainnya.                        Electronic Devices, and Accessories & Others.

      Profitabilitas per segmen operasi pada tahun 2023 adalah            Profitability per operating segment in 2023 is as follows:
      sebagai berikut:


                                                                                                                Dalam Rp juta | In Rp million

                                                                              Komputer
                                                 Telepon                     & Peralatan
                                                Selular dan    Produk         Elektronik     Aksesoris &
                                                  Tablet      Operator         Lainnya        Lainnya         Eliminasi          Jumlah
                                                  Cellular    Operator       Computers      Accessories &   Eliminination         Total
                                                Phones and    Products         & Other         Others
                                                  Tablets                     Electronic
                                                                               Devices


       Penjualan Segmen | Segmen Sales

       •   Penjualan eksternal                  47.913.751    2.911.415       2.370.824       6.943.416                -       60.139.406
           External Sales

       •   Penjualan Antar Grup                 47.515.720      24.583        1.179.819       3.578.873     (52.298.995)                  -
           Inter-company Sales

       Penjualan Neto                           95.429.471    2.935.998       3.550.643      10.522.289     (52.298.995)       60.139.406
       Net Sales

       Laba Kotor                                4.602.153      75.007          179.534       1.591.075                -        6.447.769
       Gross Profit




130        P T E R A J AYA S WA S E M B A D A T B K                                                         L A P O R A N TA H U N A N 2 0 2 3
Page 133

          
Page 134
          analisis & pembahasan manajemen




      TINJAUAN KEUANGAN
      FINANCIAL OVERVIEW




                                                  images




       Perseroan membukukan penjualan neto sebesar Rp60,14
       triliun, dengan kontributor terbesar berasal dari segmen
       Telepon Selular dan Tablet sebesar 80%, disusul segmen
       Aksesoris, IoT dan Lain-lain sebesar 12%, segmen
       Produk Operator sebesar 5%, dan segmen Komputer dan
       Peralatan Elektronik Lainnya sebesar 4%.
       The company recorded net sales of Rp60.14 trillion, with the largest contributor came
       from the Cellular Telephone and Tablet segment at 80%, followed by the Accessories,
       IoT and Others segment at 12%, the Operator Products segment at 5%, as well as the
       Computer and Electronic Equipment segment. Others at 4%.




132    P T E R A J AYA S WA S E M B A D A T B K                                       L A P O R A N TA H U N A N 2 0 2 3
Page 135
                                                                    m a n a g e m e n t d i s c u s s i o n & a n a ly s i s




  Tinjauan keuangan ini dibuat berdasarkan informasi dari            The following financial review is prepared based on
  Laporan Keuangan Konsolidasian PT Erajaya Swasembada               information acquired from PT Erajaya Swasembada Tbk and
  Tbk dan Entitas Anak untuk periode 31 Desember 2023                Subsidiary Consolidated Financial Statements for December
  yang telah diaudit oleh Kantor Akuntan Publik Purwantono,          31, 2023, audited by Public Accountant Firm Purwantono,
  Sungkoro, & Surja dan memperoleh pendapat wajar dalam              Sungkoro & Surja and acquired fairly opinion in all material
  semua hal yang material, posisi keuangan konsolidasian             respects, the consolidated financial position of the Company
  Perseroan tanggal 31 Desember 2023, serta kinerja                  as of December 31, 2023, and its consolidated financial
  keuangan dan arus kas konsolidasiannya untuk tahun yang            performance and cash flows for the year then ended, in
  berakhir pada tanggal tersebut, sesuai dengan Standar              accordance with Indonesian Financial Accounting Standards.
  Akuntasi Keuangan di Indonesia.

  Pemahaman atas uraian tinjauan keuangan ini tetap                  Understanding the following financial review description
  memperhatikan penjelasan pada catatan Laporan Keuangan             also takes into account the explanation presented in the
  konsolidasian sebagai bagian yang tidak terpisahkan dari           Consolidated Financial Statements as an integrated part of
  Laporan Tahunan.                                                   this Annual Report.

  LAPORAN POSISI KEUANGAN KONSOLIDASIAN                              CONSOLIDATED STATEMENTS OF FINANCIAL
                                                                     POSITION
                                                                                                                  Dalam Rp juta | In Rp million

                                                                             Kenaikan | (Penurunan)
      Laporan Posisi Keuangan                                                 Increase | (Decrease)              Consolidated Statement of
                                       2023              2022
           Konsolidasian                                                                                             Financial Position
                                                                              Nominal               %


   Aset Lancar                      12.964.557         11.217.076             1.747.481            15,6                          Current Assets

   Aset Tidak Lancar                 7.482.895          5.841.142             1.641.753            28,1                    Non-current Assets

   Jumlah Aset                      20.447.452         17.058.218             3.389.234            19,9                             Total Assets

   Liabilitas Jangka Pendek         10.330.316          9.021.227             1.309.090            14,5                        Current Liabilities

   Liabilitas Jangka Panjang         1.986.362            834.128             1.152.234          138,1                   Non-current Liabilities

   Jumlah Liabilitas                12.316.678          9.855.355             2.461.323            25,0                          Total Liabilities

   Ekuitas                           8.130.774          7.202.863               927.911            12,9                                    Equity

   Kepentingan Nonpengendali           807.373            460.477               346.896            75,3                Non-controlling Interest

   Jumlah Liabilitas dan Ekuitas    20.447.452         17.058.218             3.389.234            19,9             Total Liabilities and Equity


  ASET                                                               ASSETS
  Jumlah aset Perseroan per 31 Desember 2023 sebesar                 Total assets of the Company as of 31 December 2023
  Rp20,45 triliun, naik 19,9% dari Rp17,06 triliun pada periode      amounted to Rp20.45 trillion, an increase of 19.9% from
  yang sama tahun sebelumnya. Kenaikan jumlah aset terutama          Rp17.06 trillion in the same period the previous year. The
  disebabkan oleh kenaikan aset tidak lancar sebesar 28,1%,          increase in total assets was mainly due to an increase in non-
  sementara aset lancar juga naik sebesar 15,6%.                     current assets by 28.1%, while current assets also increased
                                                                     by 15.6%.




2023 ANNUAL REPORT                                                                          P T E R A J AYA S WA S E M B A D A T B K                 133
Page 136
            analisis & pembahasan manajemen




      TINJAUAN KEUANGAN
      FINANCIAL OVERVIEW


      Komposisi Jumlah Aset, 2022-2023
      Composition of Total Assets, 2022-2023

      Dalam persentase | in percentage

                                                     34%                                                    37%
                                                     Aset Tidak Lancar                                      Aset Tidak Lancar
                                                     Non-current Assets                                     Non-current Assets




                                     2022                                                  2023


            66%                                                      63%
      Aset Lancar                                            Aset Lancar
      Current Assets                                          Current Assets



      Aset Lancar                                                     Current assets
      Aset lancar sebesar Rp12,96 triliun, naik 15,6% dari Rp11,22    Current assets amounted to Rp12.96 trillion, an increase of
      triliun pada tahun 2022. Kenaikan aset lancar terutama          15.6% from Rp11.22 trillion in 2022. The increase in current
      disebabkan oleh:                                                assets was mainly due to:
      • Kas dan setara kas naik 69,1% dari Rp1,04 miliar menjadi      • Cash and cash equivalents increased by 69.1% from
           Rp1,77 triliun.                                               Rp1.04 billion to Rp1.77 trillion.
      • Persediaan - neto naik 32,7% dari Rp6,06 triliun menjadi      • Inventories - net increased by 32.7% from Rp6.06 trillion
           Rp8,05 triliun.                                               to Rp8.05 trillion.

      Sebaliknya, terdapat penurunan pada:                            Conversely, there was a decrease in:
      • Piutang lain-lain turun 29,1% dari Rp948,5 miliar menjadi     • Other receivables decreased by 29.1% from Rp948.5
         Rp672,4 miliar.                                                 billion to Rp672.4 billion.
      • Uang muka turun 62,5% dari Rp710,3 miliar menjadi             • Advances decreased by 62.5% from Rp710.3 billion to
         Rp266,5 miliar.                                                 Rp266.5 billion.
      • Pajak dibayar di muka turun 44,1% dari Rp1,33 triliun         • Prepaid taxes decreased by 44.1% from Rp1.33 trillion to
         menjadi 745,6 miliar.                                           Rp745.6 billion.

      Aset Tidak Lancar                                               Non-Current Assets
      Aset tidak lancar sebesar Rp7,48 triliun, naik 28,1% dari       Non-current assets amounted to Rp7.48 trillion, an increase
      Rp5,84 triliun pada tahun 2022. Kenaikan aset tidak lancar      of 28.1% from Rp5.84 trillion in 2022. The increase in non-
      terutama disebabkan oleh:                                       current assets was mainly due to:
      • Aset tetap - neto naik 40,9% dari Rp1,57 triliun menjadi      • Fixed assets - net increased by 40.9% from Rp1.57 trillion
          Rp2,22 triliun.                                                 to Rp2.22 trillion.
      • Aset hak-guna - neto naik 14,9% dari Rp1,39 triliun           • Right-of-use assets - net increased by 14.9% from
          menjadi Rp1,59 triliun.                                         Rp1.39 trillion to Rp1.59 trillion.
      • Taksiran tagihan pajak penghasilan naik 49,0% dari            • Estimated claims for tax refund increased by 49.0% from
          Rp1,28 triliun menjadi Rp1,91 triliun.                          Rp1.28 trillion to Rp1.91 trillion.

      LIABILITAS                                                      LIABILITIES
      Jumlah liabilitas Perseroan per 31 Desember 2023 sebesar        Total liabilities of the Company as of 31 December 2023
      Rp12,3 triliun, naik 25,0% dari Rp9,86 triliun pada periode     amounted to Rp12.3 trillion, an increase of 25.0% from
      yang sama tahun sebelumnya. Kenaikan jumlah liabilitas          Rp9.86 trillion in the same period the previous year. The
      terutama disebabkan oleh kenaikan liabilitas jangka pendek      increase in total liabilities was mainly due to an increase in
      sebesar 14,5%, sementara liabilitas jangka panjang juga naik    current liabilities of 14.5%, while long-term liabilities also
      sebesar 138,1%.                                                 increased by 138.1%.



134      P T E R A J AYA S WA S E M B A D A T B K                                                      L A P O R A N TA H U N A N 2 0 2 3
Page 137
                                                                     m a n a g e m e n t d i s c u s s i o n & a n a ly s i s




  Komposisi Jumlah Liabilitas, 2022-2023
  Composition of Total Liabilities, 2022-2023

  Dalam persentase | in percentage
                                                 8%                                                                   16%
                                                 Liabilitas Jangka                                                    Liabilitas Jangka
                                                 Panjang                                                              Panjang
                                                 Non-current Liabilities                                              Non-current Liabilities




                                   2022                                                         2023


        92%                                                        84%
     Liabilitas                                               Liabilitas
       Jangka                                                   Jangka
       Pendek                                                   Pendek
          Current                                                   Current
        Liabilities                                               Liabilities


  Liabilitas Jangka Pendek                                            Current liabilities
  Liabilitas jangka pendek sebesar Rp10,33 triliun, naik 14,5%        Current liabilities amounted to Rp10.33 trillion, increased by
  dari Rp9,02 triliun pada tahun 2022. Kenaikan liabilitas            14.5% from Rp9.02 trillion in 2022. The increase in current
  jangka pendek terutama disebabkan oleh:                             liabilities was mainly due to:
  • Utang bank jangka pendek naik 13,5% dari Rp3,49 triliun           • Short-term bank loans increased by 13.5% from Rp3.49
      menjadi Rp3,96 triliun.                                             trillion to Rp3.96 trillion.
  • Utang usaha pihak ketiga naik 53,0% dari Rp2,38 triliun           • Trade payable - third parties increased by 53.0% from
      menjadi Rp3,65 triliun.                                             Rp2.38 trillion to Rp3.65 trillion.
  • Utang lain-lain pihak ketiga naik 25,9% dari Rp1,11               • Other payables - third parties increased by 25.9% from
      triliun menjadi Rp1,40 triliun.                                     Rp1.11 trillion to Rp1.40 trillion.

  Sebaliknya, terdapat penurunan yang signifikan pada utang           Conversely, there was a significant decrease in taxes payable
  pajak sebesar 77,7% dari Rp1,06 triliun menjadi Rp237,20            by 77.7% from Rp1.06 trillion to Rp237.20 billion.
  miliar.

  Liabilitas Jangka Panjang                                           Non-current Liabilities
  Liabilitas jangka panjang sebesar Rp1,99 triliun, naik 138,1%       Non-current liabilities amounted to Rp1.99 trillion, an
  dari Rp834,13 miliar pada tahun 2022. Kenaikan liabilitas           increase of 138.1% from Rp834.13 billion in 2022. The
  jangka panjang terutama disebabkan oleh utang jangka                increase in non-current liabilities was mainly due to long-
  panjang – setelah dikurangi bagian yang akan jatuh tempo            term debt – net of current maturities:
  dalam satu tahun:
  • Utang bank jangka panjang naik 262,4% dari Rp181,85               •    Long-term bank loans increased by 262.4% from
      miliar menjadi Rp658,95 miliar.                                      Rp181.85 billion to Rp658.95 billion.
  • Utang obligasi sebesar Rp554,58 miliar. Pada tanggal              •    Bonds payable amounting to Rp554.58 billion. On 24
      24 Agustus 2023, Perseroan melalu entitas anak Erajaya               August 2023, The Company through its subsidiary
      Digital Pte. Ltd. menerbitkan obligasi global senilai                Erajaya Digital Pte. Ltd. has issued global bonds worth
      SG$50 juta di Singapura.                                             SG$50 million in Singapore.

  EKUITAS                                                             EQUITY
  Jumlah ekuitas Perseroan per 31 Desember 2023 sebesar               Total equity of the Company as of 31 December 2023
  Rp8,13 triliun, naik 12,9% dibandingkan Rp7,20 triliun pada         amounted to Rp8.13 trillion, an increase of 12.9% compared
  periode yang sama tahun 2022. Kenaikan ekuitas terutama             to Rp7.20 trillion in the same period in 2022. The increase
  disebabkan oleh penambahan saldo laba belum ditentukan              in equity was mainly due to the addition of unappropriated
  penggunaannya sebesar Rp525,16 miliar.                              retained earnings of Rp525.16 billion.


2023 ANNUAL REPORT                                                                           P T E R A J AYA S WA S E M B A D A T B K           135
Page 138
            analisis & pembahasan manajemen




      TINJAUAN KEUANGAN
      FINANCIAL OVERVIEW



      LAPORAN LABA RUGI DAN PENGHASILAN                           KOMPREHENSIF LAIN KONSOLIDASIAN
                                                                                                     Dalam Rp juta | In Rp million

                                                                      Kenaikan | (Penurunan)
          Laporan Laba Rugi dan                                                                      Consolidated Statement
                                                                       Increase | (Decrease)
       Penghasilan Komprehensif Lain       2023         2022                                        of Profit or Loss and Other
              Konsolidasian                                                                          Comprehensive Income
                                                                      Nominal             %


      Penjualan Neto                    60.139.406   49.471.484      10.667.922          21,6                             Net Sales

      Beban Pokok Penjualan             53.691.637   44.109.940       9.581.697          21,7                   Gost of Good Sold

      Laba Bruto                         6.447.769    5.361.544       1.086.225          20,3                          Gross Profit

      Beban Penjualan dan Distribusi     2.669.738    2.184.090        485.648           22,2              Selling and Distribution
                                                                                                                         Expenses

      Beban Umum dan Administrasi        2.153.135    1.586.676        566.459           35,7         General and Administrative
                                                                                                                     Expenses

      Pendapatan Lainnya                   293.202     289.682            3.520           1,2                         Other Income

      Beban Lainnya                         72.515      87.480         (14.965)         (17,1)                     Other Expenses

      Laba Usaha                         1.845.583    1.792.980          52.603           2,9                     Operating Profit

      Pendapatan Keuangan                   18.171       9.993            8.179          81,8                       Finance Income

      Biaya Keuangan                       601.108     289.669         311.439          107,5                        Finance Costs

      Bagian rugi bersih Entitas            20.832      15.965            4.867          30,5    Share in net loss from Associates
      Asosiasi dan Ventura Bersama                                                                              and Joint Ventures

      Laba Sebelum Pajak Penghasilan     1.241.815    1.497.339       (255.525)         (17,1)            Profir Before Income Tax

      Beban Pajak Penghasilan - neto       384.954     420.784           35.830          (8,5)          Income Tax Expense - net

      Laba Tahun Berjalan                  856.861    1.076.555       (219.694)         (20,4)                  Profit for the Year

      Total Penghasilan Komprehensif       790.849    1.113.315       (322.466)         (29,0)   Total Comprehensive Income for
      Tahun Berjalan                                                                                                    the Year

      Laba tahun berjalan yang dapat                                                             Profit for the year attributable to:
      diatribusikan kepada:

      Pemilik Entitas Induk                826.050    1.012.873       (186.823)         (18,4)    Owners of the Parent Company


      Kepentingan Nonpengendali             30.811      63.682         (32.871)         (51,6)           Non-controlling Interests


      Jumlah                               856.861    1.076.555       (219.694)         (20,4)                                 Total

      Total Penghasilan Komprehensif                                                             Total Comprehensive Income for
      Tahun Berjalan yang Dapat                                                                          the Year Attributable to:
      Diatribusikan Kepada:

      Pemilik Entitas Induk                778.052    1.035.115       (257.063)         (24,8)    Owners of the Parent Company

      Kepentingan Nonpengendali             12.797      78.200         (65.403)         (83,6)           Non-controlling Interests

      Jumlah                               790.849    1.113.315       (322.466)         (29,0)                                 Total

      Laba per Saham Dasar yang              52.34       63.87              (12)        (18,1)           Basic Earnings per Share
      dapat Diatribusikan Kepada                                                                    Attributable to Owners of the
      Pemilik Entitas Induk (Angka                                                                 Parent Company (full Amount)
      Penuh)




136      P T E R A J AYA S WA S E M B A D A T B K                                                 L A P O R A N TA H U N A N 2 0 2 3
Page 139
                                                                     m a n a g e m e n t d i s c u s s i o n & a n a ly s i s




  Penjualan Neto                                                      Net Sales
  Penjualan neto Perseroan pada tahun 2023 sebesar Rp60,14            The Company’s net sales in 2023 amounted to Rp60.14
  triliun, tumbuh 21,6% dibandingkan Rp49,47 triliun pada             trillion, grew by 21.6% compared to Rp49.47 trillion in 2022.
  tahun 2022.

  Kontributor terbesar berasal dari segmen Telepon Selular            The largest contributor came from the Cellular Phone and
  dan Tablet sebesar Rp47,91 triliun, naik 23,9% dari Rp38,67         Tablet segment of Rp47.91 trillion, increased by 23.9% from
  triliun pada tahun 2022. Segmen Aksesoris, IoT dan Lain-lain        Rp38.67 trillion in 2022. The Accessories, IoT and Others
  memberikan kontribusi sebesar Rp6,94 triliun, naik 19,6%            segment contributed Rp6.94 trillion, increased by 19.6% from
  dari Rp5,80 triliun, segmen Produk Operator sebesar Rp2,91          Rp5.80 trillion, the Operator Products segment amounted
  triliun, naik 2,6% dari Rp2,84 triliun, dan segmen Komputer         to Rp2.91 trillion, increased by 2.6% from Rp2.84 trillion,
  dan Peralatan Elektronik Lainnya sebesar Rp2,37 triliun, naik       and the Computer and Other Electronic Devices segment
  9,8% dari Rp2,16 triliun pada tahun 2022.                           amounted to Rp2.37 trillion, up 9.8% from Rp2.16 trillion in
                                                                      in 2022.

  Komposisi Penjualan Neto per Segmen
  Composition of Net Sales per Segment



                                             4,4%                                                              3,9%
  Dalam persentase | in percentage


                               5,7%          Komputer dan peralatan
                                                                                              4,8%             Komputer dan peralatan
                                             elektronik lainnya                                                elektronik lainnya
                        Produk operator                                              Produk operator
                                             Computer and other                                                Computer and other
                        Operator product                                             Operator product
                                             electronic devices                                                electronic devices


                                                      11,7%                                                                 11,5%
                                                          Aksesories,                                                           Aksesories,
                                                          IoT dan lain-                                                         IoT dan lain-
                                                          lain                                                                  lain
                                 2022                     Accessories,
                                                          IoT and others
                                                                                                2023                            Accessories,
                                                                                                                                IoT and others




     78,2%                                                    79,7%
       Telepon                                                 Telepon
    selular dan                                             selular dan
         tablet                                                  tablet
         Cellular                                                    Cellular
      phones and                                                  phones and
           tablet                                                      tablet



  Beban Pokok Penjualan                                               Cost Of Goods Sold
  Beban pokok penjualan sebesar Rp53,69 triliun, naik 21,7%           Cost of goods sold amounted to Rp53.69 trillion, increased
  dari Rp44,11 triliun pada tahun sebelumnya sejalan dengan           by 21.7% from Rp44.11 trillion in the previous year in line
  kenaikan penjualan neto.                                            with the growth of net sales.

  Laba Bruto                                                          Gross Profit
  Perseroan membukukan laba bruto sebesar Rp6,45 triliun,             The Company recorded a gross profit of Rp6.45 trillion, grew
  tumbuh 20,3% dibandingkan Rp5,36 triliun pada tahun 2022.           by 20.3% compared to Rp5.36 trillion in 2022.

  Beban Penjualan dan Distribusi                                      Selling and Distribution Expenses
  Beban penjualan dan distribusi naik 22,3% dari Rp2,18 triliun       Selling and distribution expenses increased by 22.3% from
  menjadi Rp2,67 triliun seiring dengan peningkatan aktivitas         Rp2.18 trillion to Rp2.67 trillion due to increased sales
  penjualan dan pembukaan outlet-outlet baru.                         activity and the opening of new outlets.



2023 ANNUAL REPORT                                                                           P T E R A J AYA S WA S E M B A D A T B K            137
Page 140
             analisis & pembahasan manajemen




      TINJAUAN KEUANGAN
      FINANCIAL OVERVIEW



      Beban Umum dan Administrasi                                      General and Administrative Expenses
      Beban umum dan administrasi naik 35,7% dari Rp1,59 triliun       General and administrative expenses increased by 35.7%
      menjadi Rp2,15 triliun. Kenaikan ini terutama disebabkan         from Rp1.59 trillion to Rp2.15 trillion. This increase was
      kenaikan pada beban gaji dan imbalan kerja sebesar               mainly due to an increase in salaries and employee benefits
      Rp260,07 miliar atau 27,0% dibandingkan tahun sebelumnya         expenses of Rp260.07 billion or 27.0% compared to the
      dan penyusutan sebesar Rp124,90 miliar atau 65,3%.               previous year and depreciation of Rp124.90 billion or 65.3%.

      Laba Usaha                                                       Operating Profit
      Perseroan membukukan laba usaha tahun 2023 sebesar               The company recorded operating profit amounted to Rp1.85
      Rp1,85 triliun, naik 2,9% dari Rp1,79 triliun pada tahun         trillion in 2023, increased by 2.9% from Rp1.79 trillion in the
      sebelumnya.                                                      previous year.

      Laba Sebelum Pajak Penghasilan, Beban Pajak                      Profit Before Income Tax, Income Tax Expenses and
      Penghasilan dan Laba Tahun Berjalan                              Profit for The Year
      Laba sebelum pajak penghasilan sebesar Rp1,24 triliun, turun     Profit before income tax amounted to Rp1.24 trillion,
      17,1% dari Rp1,50 triliun pada tahun 2022. Beban pajak           decreased by 17.1% from Rp1.50 trillion in 2022. Income
      penghasilan, neto sebesar Rp384,95 miliar, turun 8,5% dari       tax expense, net amounted to Rp384.95 billion, decreased
      Rp420,78 miliar. Dengan demikian Perseroan menghasilkan          by 8.5% from Rp420.78 billion. Therefore, the Company
      laba tahun berjalan sebesar Rp856,86 miliar, turun 20,4%         generated a profit for the year of Rp856.86 billion, decreased
      dibandingkan Rp1,08 triliun pada tahun 2022.                     by 20.4% compared to Rp1.08 trillion in 2022.

      Total Penghasilan Komprehensif Tahun Berjalan                    Total Comprehensive Income for The Year
      Perseroan mencatat rugi komprehensif lain tahun berjalan,        The Company recorded other comprehensive loss for the year,
      neto setelah pajak sebesar Rp66,01 miliar, terutama berasal      net after tax of Rp66.01 billion, mainly from foreign exchange
      dari rugi selisih kurs karena penjabaran laporan keuangan        loss due to the translation of financial statements of Rp45.60
      sebesar Rp45,60 miliar dan rugi atas intrumen ekuitas            billion and loss on equity instruments designated at fair value
      yang ditetapkan pada nilai wajar melalui penghasilan             through other comprehensive income of Rp19.19 billion.
      komprehensif lain sebesar Rp19,19 miliar. Dengan demikian,       billion. Hence, the Company recorded total comprehensive
      Perseroan membukukan jumlah penghasilan komprehensif             income for the year of Rp790.85 billion, a decrease of 29.0%
      tahun berjalan sebesar Rp790,85 miliar, turun 29,0% dari         from Rp1.11 trillion in the previous period.
      Rp1,11 triliun pada periode sebelumnya.

      LAPORAN ARUS KAS KONSOLIDASIAN                                   STATEMENTS OF CONSOLIDATED CASH FLOWS


                                                                                                             Dalam Rp juta | In Rp million

                                                                             Kenaikan | (Penurunan)
                                                                              Increase | (Decrease)      Statements of Consolidated Cash
       Laporan Arus Kas Konsolidasian      2023             2022
                                                                                                                     Flows
                                                                              Nominal            %


       Kas Neto yang Diperoleh dari        882.343          427.291            455.052          106,5     Net Cash Provided by Operating
       Aktivitas Operasi                                                                                                        Activities

       Kas Neto yang Digunakan untuk    (1.207.622)      (1.179.352)           (28.270)           2,4          Net Cash Used in Investing
       Aktivitas Investasi                                                                                                      Activities

       Kas Neto yang Diperoleh dari        685.327         1.148.909         (463.582))         (40,3)    Net Cash Provided by Financing
       Aktivitas Pendanaan                                                                                                     Activities

       Kenaikan Neto Kas dan Setara        360.048          396.848            (36.800)          (9,3)     Net Increase in Cash and Cash
       Kas                                                                                                                    Equivalents

       Efek neto perubahan kurs mata        (6.969)          10.777            (17.746)       (164,7)            Net Effect of Changes in
       uang terhadap kas dan setara                                                                          Exchange Rates on Cash and
       kas                                                                                                              Cash Equivalents

       Kas dan Setara Kas Awal Tahun       824.888          417.263            407.625           97,7       Cash and Cash Equivalents at
                                                                                                                       Beginning of Year

       Kas dan Setara Kas Akhir Tahun    1.177.967          824.888            353.079           42,8       Cash and Cash Equivalents at
                                                                                                                            End of Year




138      P T E R A J AYA S WA S E M B A D A T B K                                                         L A P O R A N TA H U N A N 2 0 2 3
Page 141
                                                                 m a n a g e m e n t d i s c u s s i o n & a n a ly s i s




  Posisi kas dan setara kas Perseroan pada akhir tahun 2023       The balance of the Company’s cash and cash equivalent
  sebesar Rp1,18 triliun, naik 42,8% dibandingkan posisi akhir    at end of 2023 was Rp1.18 trillion, an increase of 42.8%
  tahun 2022 sebesar Rp824,89 miliar.                             compared to the balance at end of 2022 of Rp824.89 billion.

  Arus Kas dari Aktivitas Operasi                                 Cash Flows from Operating Activities
  Pada tahun 2023, kas yang diperoleh dari aktivitas operasi      In 2023, cash provided by operating activities consists of cash
  terdiri dari penerimaan kas dari pelanggan sebesar Rp59,79      receipts from customers of Rp59.79 trillion (2022: Rp49.01
  triliun (2022: Rp49,01 triliun).                                trillion).

  Sedangkan kas yang digunakan untuk aktivitas operasi            Meanwhile, cash used for operating activities consists of cash
  yang terdiri dari pembayaran kas kepada pemasok sebesar         payments to suppliers of Rp55.37 trillion (2022: Rp46.73
  Rp55,37 triliun (2022: Rp46,73 triliun), pembayaran kas         trillion), cash payments to employees of Rp1.94 trillion
  kepada karyawan sebesar Rp1,94 triliun (2022: Rp1,50            (2022: Rp1.50 trillion), payment for interest expense - net of
  triliun), pembayaran beban bunga - net sebesar Rp472,16         Rp472.16 billion (2022: Rp259.59 billion), and payment for
  miliar (2022: Rp259,59 miliar), dan pembayaran pajak            income taxes of Rp1.13 trillion (2022: Rp97.08 billion).
  penghasilan sebesar Rp1,13 triliun (2022: Rp97,08 miliar).

  Jumlah kas neto yang diperoleh dari aktivitas operasi pada      Total net cash provided by operating activities at the end of
  akhir tahun 2023 sebesar Rp882,34 miliar (2022: Rp427,29        2023 was Rp882.34 billion (2022: Rp427.29 billion).
  miliar).

  Arus Kas dari Aktivitas Investasi                               Cash Flows from Investing Activities
  Kas yang diperoleh dari aktivitas investasi terdiri dari        Cash provided by investment activities consists of dividend
  penerimaan dividen dari entitas asosiasi sebesar Rp2,43         received from associates of Rp2.43 billion (2022: Rp8.07
  miliar (2022: Rp8,07 miliar) dan hasil penjualan aset tetap     billion) and proceeds from sale of fixed assets of Rp1.67
  sebesar Rp1,67 miliar (2022: Rp655,41 juta).                    billion (2022: Rp655.41 million).

  Sedangkan kas yang digunakan untuk aktivitas investasi          Meanwhile, cash used for investing activities consists of
  terdiri dari pembelian aset tetap dan uang muka pembelian       acquisitions of fixed assets and advances for purchases
  aset tetap sebesar Rp1,05 triliun (2022: Rp614,81 miliar),      of fixed assets of Rp1.05 trillion (2022: Rp614.81 billion),
  penambahan investasi pada entitas asosiasi dan ventura          addition of investment in associates and joint ventures
  bersama sebesar Rp83,70 miliar (2022: Rp318,36 miliar),         of Rp83.70 billion (2022: Rp318,36 billion), additions in
  penambahan uang jaminan sebesar Rp35,85 miliar (2022:           security deposits of Rp35.85 billion (2022: Rp53.69 billion),
  Rp53,69 miliar), penambahan sewa dibayar di muka sebesar        additions in prepaid rent of Rp29.12 billion (2022: Rp16.31
  Rp29,12 miliar (2022: Rp16,31 miliar), penambahan aset          billion), additions of right-of-use assets of Rp9.79 billion
  hak-guna sebesar Rp9,79 miliar (2022: Rp17,23 miliar), dan      (2022: Rp17.23 billion), and acquisition of intangible assets
  pembelian aset takberwujud sebesar Rp3,45 miliar (2022:         of Rp3.45 billion (2022: Rp160.40 billion).
  Rp160,40 miliar).

  Jumlah kas neto yang digunakan untuk aktivitas investasi        Total net cash used in investing activities at end of 2023 was
  pada akhir tahun 2023 sebesar Rp1,21 triliun (2022: Rp1,18      Rp1.21 trillion (2022: Rp1.18 trillion).
  triliun).

  Arus Kas dari Aktivitas Pendanaan                               Cash Flow from Financing Activities
  Kas untuk aktivitas pendanaan berasal dari penerimaan           Cash for financing activities was derived from proceeds from
  utang bank jangka panjang sebesar Rp675,79 miliar (2022:        long-term bank loans of Rp675.79 billion (2022: Rp109.81
  Rp109,81 miliar), utang obligasi setelah dikurangi biaya        billion), bonds payable net of cost of issuance of Rp554.58
  penerbitan sebesar Rp554,58 miliar (2022: nihil), setoran       billion (2022: nil), capital contribution to subsidiaries from
  modal ke entitas anak dari kepentingan nonpengendali            non-controlling interests of Rp436.98 billion (2022: Rp58.61
  sebesar Rp436,98 miliar (2022: Rp58,61 miliar), dan utang       billion), and short-term bank loans of Rp79.37 billion (2022:
  bank jangka pendek sebesar Rp79,37 miliar (2022: Rp2,07         Rp2.07 trillion).
  triliun).




2023 ANNUAL REPORT                                                                       P T E R A J AYA S WA S E M B A D A T B K   139
Page 142
             analisis & pembahasan manajemen




      TINJAUAN KEUANGAN
      FINANCIAL OVERVIEW



      Kas diterima dari aktivitas pendanaan tersebut digunakan        Cash received from financing activities was used for payment
      untuk pembayaran liabilitas sewa sebesar Rp761,35 miliar        of lease liabilities of Rp761.35 billion (2022: Rp659.21
      (2022: Rp659,21 miliar), dividen kas sebesar Rp299,89           billion), cash dividends of Rp299.89 billion (2022: Rp362.33
      miliar (2022: Rp362,33 miliar), utang pembiayaan konsumen       billion), consumer financing payable of Rp131.45 million (
      sebesar Rp131,45 juta (2022: Rp169,06 juta), dan dividen        2022: Rp169.06 million), and cash dividends paid to non-
      kas untuk kepentingan nonpengendali sebesar Rp28,79             controlling interests of Rp28.79 billion (2022: Rp14.23
      miliar (2022: Rp14,23 miliar).                                  billion).

      Jumlah kas neto yang diperoleh dari aktivitas pendanaan pada    Total net cash provided by financing activities in 2023 was
      tahun 2023 sebesar Rp685,33 miliar (2022: Rp1,15 triliun).      Rp685.33 billion (2022: Rp1.15 trillion).

      KEMAMPUAN MEMBAYAR UTANG DAN TINGKAT                            SOLVENCY AND RECEIVABLES COLLECTIBILITY
      KOLEKTABILITAS PUTANG

      Kemampuan Membayar Utang                                        Solvency
      Kemampuan Perseroan untuk melunasi kewajiban jangka             The Company’s ability to pay off long-term and short-term
      panjang maupun jangka pendek tercermin dari tingkat             obligations is reflected in its level of liquidity and solvency.
      likuiditas dan solvabilitasnya. Oleh karena itu, Perseroan      Therefore, the Company continuously controls the soundness
      senantiasa melakukan pengendalian terhadap tingkat              level of the Company’s finances by calculating the liquidity
      kesehatan keuangan Perseroan dengan melakukan                   and solvency ratios.
      perhitungan terhadap rasio likuiditas dan solvabilitas.

      Rasio Likuiditas                                                Liquidity Ratio
      Rasio likuiditas digunakan untuk mengukur kemampuan             The liquidity ratio is used to measure the Company’s capability
      Perseroan untuk melunasi kewajiban jangka pendeknya yang        to pay off its short-term obligations that will mature. In this
      akan jatuh tempo. Tingkat likuiditas Perseroan dapat dilihat    regard, the Company’s liquidity level can be indicated from
      dari perhitungan Rasio Lancar dan Rasio Kas.                    the Current Ratio and Cash Ratio calculation.


                      Rasio                         2023                        2022                               Ratio


       Rasio Lancar                                 1,26x                       1,24x                                      Current Ratio

       Rasio Kas                                    0,17x                       0,12x                                        Cash Ratio



      Rasio lancar naik dari 1,24x pada tahun 2022 menjadi 1,26x      The current ratio increased from 1.24x in 2022 to 1.26x due
      karena kenaikan liabilitas jangka pendek sebesar 14,5%          to the increase in current liabilities of 14.5% was balanced
      diimbangi dengan kenaikan aset lancar sebesar 15,6%             by an increase in current assets of 15.6% compared to the
      dibandingkan tahun sebelumnya. Sedangkan rasio kas naik         previous year. Meanwhile, the cash ratio increased from
      dari 0,12x menjadi 0,17x karena kas dan setara kas naik 69,1%   0.12x to 0.17x as cash and cash equivalents increased 69.1%
      dibandingkan tahun sebelumnya. Kenaikan rasio lancar dan        compared to the previous year. The increase in current ratio
      rasio kas menunjukkan peningkatan kemampuan Perseroan           and cash ratio reflects an increase in the Company’s ability to
      dalam menyelesaikan kewajiban jangka pendeknya dengan           settle its short-term liabilities with its current assets and cash
      aset lancar maupun kas dan setara kas yang dimiliki.            and cash equivalents.

      Rasio Solvabilitas                                              Solvency Ratio
      Rasio solvabilitas digunakan untuk mengukur kemampuan           The solvency ratio is used to measure the Company’s ability to
      Perseroan dalam memenuhi kewajiban utang jangka                 meet its long-term debt obligations. The Company’s solvency
      panjangnya. Tingkat solvabilitas Perseroan dihitung dengan      can be calculated with the following ratios:
      rasio-rasio berikut:


                      Rasio                         2023                        2022                               Ratio


       Rasio Utang Terhadap Modal                   1,51x                       1,37x                               Debt to Equity Ratio

       Rasio Utang terhadap Aset                    0,60x                       0,58x                               Debt to Assets Ratio




140      P T E R A J AYA S WA S E M B A D A T B K                                                         L A P O R A N TA H U N A N 2 0 2 3
Page 143
                                                                 m a n a g e m e n t d i s c u s s i o n & a n a ly s i s




  Rasio utang terhadap ekuitas sebesar 1,51x, lebih tinggi        The debt-to-equity ratio is 1.51x, higher than 1.37x in 2022.
  dibandingkan 1,37x pada tahun 2022. Sedangkan rasio utang       Meanwhile, the debt to assets ratio is 0.60x, higher than
  terhadap aset sebesar 0,60x, lebih tinggi dari 0,58x pada       0.58x in the previous year. There are no difficulties for the
  tahun sebelumnya. Tidak ada kesulitan bagi Perseroan untuk      Company to control its debts with the assets it owns.
  mengendalikan utang-utangnya dengan aset yang dimiliki.

  Rasio Profitabilitas                                            Profitability Ratio
  Rasio Profitabilitas digunakan untuk menganalisis               Profitability ratio is used to analize the Company’s ability to
  kemampuan Perseroan dalam menghasilkan laba selama              generate profits during a certain period and also provides
  periode tertentu dan juga memberikan gambaran tentang           an overview on the level of management effectiveness in
  tingkat efektivitas manajemen dalam melaksanakan kegiatan       carrying out its operations.
  operasinya.


                   Rasio                       2023                            2022                                   Ratio


   Marjin Laba Bruto                          10,72%                         10,84%                                         Gross Profit Margin

   Marjin Laba Bersih                          1,42%                          2,18%                                           Net Profit Margin

   Imbal Hasil Ekuitas                          0,11                           0,15                                           Return on Equity

   Imbal Hasil Aset                             0,04                           0,06                                           Return on Assets


  Tingkat Kolektabilitas Piutang                                  Receivables Collectability
  Piutang Perseroan adalah piutang yang timbul atas kegiatan      The Company’s receivables are receivables deriving from the
  bisnis Perseroan dalam bidang distribusi dan ritel perangkat    Company’s business activities in the distribution and retail
  telekomunikasi. Sehingga kolektabilitas piutang Perseroan       of telecommunication equipment. Therefore, the Company’s
  tergantung dari jadwal pembayaran masing-masing debitur         receivables collectability depends on the payment schedule of
  Perseroan. Periode rata-rata penagihan piutang Perseroan        each debtor. The average period for collecting the Company’s
  selama tahun 2023 adalah 6 hari.                                receivables during 2023 is 6 days.

  STRUKTUR MODAL                                                  CAPITAL STRUCTURE

  Kebijakan Struktur Modal                                        Capital Structure Policy
  Tujuan utama pengelolaan modal Perseroan adalah untuk           The primary objective of the Company’s capital management
  memastikan pemeliharaan rasio modal yang sehat untuk            is to ensure that it maintains healthy capital ratios in order
  mendukung usaha, pemeringkat pinjaman yang kuat dan             to support its business, strong credit ratings and maximize
  memaksimalkan imbalan bagi pemegang saham.                      shareholder value.

  Perseroan disyaratkan untuk memelihara tingkat permodalan       The Company is required to maintain certain level of capital
  tertentu oleh perjanjian pinjaman. Perseroan telah memenuhi     by loan agreement. The Company has complied with all
  semua persyaratan modal yang ditetapkan oleh pihak              externally imposed capital requirements.
  eksternal.

  Selain itu, sebagaimana disyaratkan oleh Undang-undang          In addition, as required by Law no. 40 of 2007 concerning
  No. 40 tahun 2007 tentang Perseroan Terbatas, Perseroan         Limited Liability Companies, The Company allocate a
  mengalokasikan sampai dengan 20% dari modal saham               nondistributable reserve fund until the reserve reaches 20%
  diterbitkan dan dibayar penuh ke dalam dana cadangan            of the issued and fully paid share capital. These externally
  yang tidak boleh didistribusikan. Persyaratan permodalan        imposed capital requirements are considered by the Company
  eksternal tersebut dipertimbangkan oleh Perseroan pada          at the Annual GMS.
  RUPS Tahunan.

  Struktur Modal                                                  Capital Structure
  Perseroan mengelola struktur permodalan dan melakukan           The Company manage its capital structure and make
  penyesuaian, bila diperlukan, berdasarkan perubahan kondisi     adjustments to it, in light of changes in economic conditions.
  ekonomi. Untuk memelihara dan menyesuaikan struktur             To maintain or adjust the capital structure, the Company
  permodalan, Perseroan dapat menyesuaikan pembayaran             may adjust the dividend payment to shareholders, issue new



2023 ANNUAL REPORT                                                                       P T E R A J AYA S WA S E M B A D A T B K                 141
Page 144
             analisis & pembahasan manajemen




      TINJAUAN KEUANGAN
      FINANCIAL OVERVIEW



      dividen kepada pemegang saham, menerbitkan saham baru                        shares or raise debt financing. The Company monitor the level
      atau mengusahakan pendanaan melalui pinjaman. Perseroan                      of capital using financial ratio such as interest-bearing debt to
      memantau tingkat permodalan dengan menggunakan ukuran                        equity ratio of the Company to not more than 2 (two) times.
      rasio keuangan seperti rasio total utang yang berbeban
      bunga terhadap total ekuitas tidak lebih dari 2 (dua) kali.

      Rasio total utang yang berbeban bunga terhadap total                         The Company’s interest-bearing debt to equity ratio is as
      ekuitas Perseroan adalah sebagai berikut:                                    follows:


                                                                                                                          Dalam Rp juta | In Rp million

                           Uraian                              2023                        2022                          Description


       Utang bank jangka pendek                              3.962.991                  3.491.394                               Short-term bank loans

       Utang lain-lain – pihak ketiga                          414.429                            -                       Other payables – third party

       Bagian utang jangka panjang yang jatuh                  912.174                    728.629                 Current maturities of long-term debt
       tempo dalam waktu satu tahun

       Utang jangka panjang setelah dikurangi bagian         1.713.249                    613.243            Long-term debt - net of current maturities
       yang jatuh tempo dalam satu tahun

       Total utang yang berbeban bunga                       7.002.843                  4.833.266                           Total interest-vearing debt

       Total ekuitas                                         8.130.774                  7.202.863                                          Total equity

       Rasio utang yang berbeban bunga terhadap                    0,86                       0,67                 Interest bearing debt to equity ratio
       ekuitas



      INVESTASI BARANG MODAL                                                       CAPITAL GOODS INVESTMENT
      Realisasi investasi barang modal pada tahun 2023 sebesar                     Realization of capital goods investment in 2023 amounted
      Rp1,02 triliun, naik 40,5% dari investasi tahun 2022 sebesar                 to Rp727.44 billion, an increase of 40.5% from investment
      Rp727,43 miliar. Sumber dana yang digunakan untuk belanja                    in 2022 amounted to Rp727.43 billion. The source of funds
      modal berasal dari kas internal perusahaan dan pinjaman                      used for capital expenditure was derived from the company’s
      bank.                                                                        internal cash and bank loans.


                            Jenis Investasi                                        Tujuan Investasi                     Nilai Perolehan (Rp juta)
                           Investment Type                                       Investment Purpose                    Acquisition Value (Rp million)


       Bangunan dan prasarana                                  Pembelian aset tetap operasional                                                722.618
       Building and improvements                               Acquisitions of operational fixed assets

       Kendaraan                                                                                                                                 1.807
       Vehicles

       Peralatan kantor dan outlet                                                                                                             190.990
       Office and outlet equipment

       Mesin                                                                                                                                     2.074
       Machineries

       Perlengkapan dan perabotan                                                                                                              104.485
       Furniture and fixtures

                                                       Jumlah | Total                                                                        1.021.974


      IKATAN MATERIAL UNTUK INVESTASI BARANG                                       MATERIAL COMMITMENT FOR CAPITAL
      MODAL                                                                        EXPENDITURE
      Pada tahun 2023, Perseroan tidak melakukan ikatan yang                       In 2023, the Company had no material commitment to capital
      material atas investasi barang modal.                                        expenditure investment.




142       P T E R A J AYA S WA S E M B A D A T B K                                                                    L A P O R A N TA H U N A N 2 0 2 3
Page 145
                                                                 m a n a g e m e n t d i s c u s s i o n & a n a ly s i s




  INFORMASI DAN FAKTA MATERIAL YANG TERJADI                       SUBSEQUENT MATERIAL INFORMATION AND FACT
  SETELAH TANGGAL LAPORAN AKUNTAN                                 AFTER ACCOUNTANT REPORTING DATE
  •   Pada tanggal 9 Januari 2024, CG dan PT Biz Insight          •    On 9 January 2024, CG and PT Biz Insight Indonesia made
      Indonesia melakukan setoran modal ke ENB Mobile                  another capital contribution to ENB Mobile Sdn. Bhd.
      Sdn. Bhd. di mana CG dan PT Biz Insight Indonesia,               where CG and PT Biz Insight contributes MYR780,000
      masing-masing berkontribusi sebesar RM780.000                    and MYR520,000, respectively. After the share increase,
      dan RM520.000. Setelah peningkatan modal tersebut,               CG ownership in Eraspace remains at 60%.
      persentase kepemilikan CG pada Eraspace tetap sebesar
      60%.
  •   Berdasarkan Pernyataan Keputusan Pemegang Saham             •    Based on Statement of Shareholders’ Decision which was
      yang diaktakan dengan Akta Notaris Fandi Aryana, S.H.,           notarized by Notarial Deed No. 2 of Fandi Aryana, S.H.,
      M.Kn., no 2 tertanggal 23 Januari 2024, para pemegang            M.Kn., dated on January 23, 2024, the shareholders of PT
      saham PT Master Selam Nusantara (“MSL”) menyetujui               Master Selam Nusantara (“MSL”) approved the change of
      perubahan nama MSL menjadi PT Era Aktif Distribusi.              company name of MSL to PT Era Aktif Distribusi.

  PROSPEK USAHA                                                   BUSINESS PROSPECT
  Dalam laporan World Economic Outlook (WEO) edisi Januari        In the January 2024 edition of the World Economic Outlook
  2024, International Monetary Fund (IMF) memproyeksikan          (WEO), the International Monetary Fund (IMF) projected
  pertumbuhan ekonomi global tahun 2024 bisa mencapai 3,1%.       that global economic growth in 2024 could reach 3.1%. This
  Angka tersebut merupakan hasil revisi yang lebih optimistis     figure represents a more optimistic revision compared to
  dibanding proyeksi sebelumnya. IMF menggambarkan                previous projections. The IMF described the outlook for global
  proyeksi ekonomi global tahun 2024 dengan istilah "resilient    economic growth in 2024 as “resilient but slow.” The upward
  but slow". Kenaikan proyeksi pertumbuhan ekonomi global         revision in the projection reflects growth in China, the US and
  merefleksikan adanya pertumbuhan di China, AS, dan negara-      developing countries. Nevertheless, there are still several
  negara berkembang. Tetapi masih ada sejumlah risiko yang        risks that could disrupt the optimism for economic growth
  bisa mengganggu optimisme pertumbuhan ekonomi tahun             in 2024, such as escalating geopolitical conflicts, extreme
  2024, seperti meluasnya konflik geopolitik, cuaca ekstrem       weather events due to El Nino that could affect food security
  dampak El Nino yang bisa mengganggu ketahanan pangan,           and the ongoing crisis in China’s property sector.
  krisis sektor properti di China yang belum juga usai.

  Dalam perkembangannya, memasuki akhir triwulan I 2024,          At end of the first quarter of 2024, the momentum of global
  momentum pemulihan ekonomi global terus berlanjut. Hal          economic recovery continued. This strengthens indications
  ini menguatkan indikasi pertumbuhan ekonomi global pada         that global economic growth in 2024 could reach 3.0%
  2024 akan mencapai 3,0% atau lebih tinggi. Pertumbuhan          or higher. The US economy remains robust, supported by
  ekonomi AS tetap kuat ditopang oleh permintaan domestik.        domestic demand. India is also growing better than expected,
  India juga tumbuh lebih baik dari perkiraan didukung oleh       driven by government and private investment. Meanwhile,
  investasi pemerintah dan swasta. Sementara itu, ekonomi         the Chinese economy has not shown significant improvement,
  China belum menunjukkan perbaikan yang signifikan               although it is slightly higher than previous projections due to
  meskipun sedikit lebih tinggi dibandingkan dengan proyeksi      increased fiscal stimulus.
  sebelumnya didorong oleh peningkatan stimulus fiskal.

  Harga komoditas mulai menunjukkan tren kenaikan                 Commodity prices have started to show an upward trend
  disebabkan oleh naiknya biaya logistik dampak ketegangan        due to rising logistics costs caused by geopolitical tensions
  geopolitik dan ketatnya pasokan akibat faktor cuaca sehingga    and tight supply due to weather factors, thus slowing the
  menahan laju penurunan inflasi global. Suku bunga Fed           decline in global inflation rates. The Federal Funds Rate
  Funds Rate (FFR) diperkirakan baru menurun pada semester        (FFR) is expected to decrease only in the second half of 2024.
  II 2024. Ketidakpastian pasar keuangan global masih tinggi      Global financial market uncertainty remains high, reflected in
  tecermin pada imbal hasil US Treasury yang meningkat            increased US Treasury yields and inflation still above market
  dan inflasi yang masih di atas perkiraan pasar. Kondisi ini     expectations. These conditions continue to strengthen the US
  mendorong berlanjutnya penguatan dolar AS secara global         dollar globally and increase pressure on the depreciation of
  dan meningkatnya tekanan pelemahan nilai tukar di negara        exchange rates in emerging markets.
  emerging market.




2023 ANNUAL REPORT                                                                       P T E R A J AYA S WA S E M B A D A T B K   143
Page 146
            analisis & pembahasan manajemen




      TINJAUAN KEUANGAN
      FINANCIAL OVERVIEW



      Bank Dunia dalam laporan East Asia and The Pacific Economic   In its October 2023 edition of the East Asia and The Pacific
      Update edisi Oktober 2023 memproyeksi pertumbuhan             Economic Update, the World Bank projected that Indonesia’s
      ekonomi Indonesia tahun 2024 melambat menjadi 4,9%.           economic growth in 2024 would slow to 4.9%. The main
      Faktor utama perlambatan pertumbuhan adalah turunnya          factors contributing to the slowdown are the decline in global
      harga komoditas global, serta imbas dari perlambatan          commodity prices and the spillover effects from China’s
      ekonomi China. Namun Bank Dunia menilai Indonesia             economic slowdown. However, the World Bank believes that
      memiliki fundamental ekonomi yang kuat dan mampu              Indonesia has strong economic fundamentals and is capable
      mengatasi tantangan yang ada.                                 of overcoming these challenges.

      Perkembangan kondisi global memerlukan respons                The evolving global conditions require government policy
      kebijakan pemerintah untuk memitigasi dampak negatif          responses to mitigate the negative impact on the domestic
      terhadap perekonomian domestik. Pemerintah bersama Bank       economy. The government, together with the Central
      Indonesia (BI) terus berkoordinasi untuk menjaga stabilitas   Bank of Indonesia (BI), continues to coordinate to maintain
      makroekonomi melalui berbagai kebijakan. Pada bulan Maret     macroeconomic stability through various policies. In March
      2024, BI mengumumkan keputusan untuk mempertahankan           2024, BI announced its decision to maintain the BI-Rate at
      BI-Rate sebesar 6,00%. Keputusan tersebut tetap konsisten     6.00%. This decision remains consistent with the pro-stability
      dengan fokus kebijakan moneter yang pro-stability untuk       monetary policy focus to maintain the stability of the Rupiah
      menjaga stabilitas nilai tukar Rupiah serta langkah pre-      exchange rate, as well as the pre-emptive and forward-
      emptive dan forward looking untuk memastikan inflasi tetap    looking measures to ensure inflation remains controlled
      terkendali dalam sasaran 2,5±1% pada 2024.                    within the target range of 2.5±1% in 2024.

      Pertumbuhan ekonomi Indonesia tetap kuat didorong             Indonesia’s economic growth remains strong, driven by robust
      oleh permintaan domestik yang baik di konsumsi rumah          domestic demand in household consumption and investment.
      tangga dan investasi. Realisasi investasi lebih tinggi dari   Investment realization is higher than expected, supported by
      perkiraan, ditopang oleh berlanjutnya Proyek Strategis        the continued implementation of National Strategic Projects
      Nasional (PSN) di sejumlah daerah dan berkembangnya           (PSN) in several regions and the growth of private property
      properti swasta sebagai dampak positif dari insentif          as a positive impact of government incentives in the property
      pemerintah di sektor properti. Konsumsi rumah tangga          sector. Household consumption remains resilient, although
      tetap terjaga, meskipun perlu terus didorong untuk menjaga    efforts are needed to sustain the momentum of national
      momentum pertumbuhan ekonomi nasional.                        economic growth.

      Sejumlah indikator seperti Indeks Keyakinan Konsumen,         Several indicators, such as Consumer Confidence Index, Real
      Indeks Penjualan Riil, dan PMI Manufaktur yang berada di      Sales Index and Manufacturing PMI in the optimistic zone,
      zona optimis, menunjukkan bahwa permintaan domestik           indicate that domestic demand remains strong. The Rupiah
      tetap baik. Nilai tukar Rupiah (hingga 19 Maret 2024)         exchange rate (as of March 19, 2024) is relatively stable,
      relatif stabil dipengaruhi oleh kebijakan stabilisasi yang    influenced by BI’s stabilization policies. Looking ahead, the
      ditempuh BI. Ke depan, nilai tukar Rupiah diperkirakan        Rupiah exchange rate is expected to remain stable with
      stabil dengan kecenderungan menguat, seiring dengan           a tendency to strengthen, driven by the inflow of foreign
      masuknya aliran modal asing didorong oleh persepsi positif    capital spurred by positive investor perceptions of Indonesia’s
      investor terharap prospek ekonomi Indonesia. Inflasi tetap    economic prospects. Inflation remains controlled within the
      terjaga dalam kisaran sasaran 2,5±1%. Inflasi Indeks Harga    target range of 2.5±1%. The Consumer Price Index (CPI)
      Konsumen (IHK) Februari 2024 tercatat sebesar 2,75% (yoy),    inflation in February 2024 was recorded at 2.75% (yoy),
      ditopang oleh inflasi inti yang rendah sebesar 1,68% (yoy)    supported by low core inflation at 1.68% (yoy) and declining
      dan inflasi administered prices (AP) yang menurun menjadi     administered prices inflation at 1.67% (yoy). With these
      1,67% (yoy). Dengan berbagai perkembangan tersebut, BI        developments, BI projects economic growth in 2024 to be in
      memproyeksikan pertumbuhan ekonomi tahun 2024 akan            the range of 4.7-5.5%.
      berada dalam kisaran 4,7-5,5%.

      Dengan kondisi politik pasca Pemilu yang kondusif dan         With the conducive post-election political situation and
      makroekonomi yang stabil, pasar smartphone Indonesia          stable macroeconomics, the Indonesian smartphone market
      diperkirakan dapat tumbuh lebih baik dibandingkan tahun       is expected to grow better than in 2023, assuming continued
      2023 dengan asumsi adanya dukungan transformasi digital       support for digital transformation and optimization of 4G
      yang berkelanjutan dan optimalisasi jaringan 4G di wilayah    networks in wider areas.
      yang lebih luas.




144      P T E R A J AYA S WA S E M B A D A T B K                                                     L A P O R A N TA H U N A N 2 0 2 3
Page 147
                                                                    m a n a g e m e n t d i s c u s s i o n & a n a ly s i s




  Penjualan smartphone 5G akan meningkat meskipun masih              Sales of 5G smartphones will increase, although there is still a
  ada kelambatan dalam mengadopsi 5G di segmen konsumen              delay in 5G adoption in the consumer segment due to limited
  karena keterbatasan frekuensi yang tersedia. Sebaliknya,           available frequencies. Conversely, mobile operators continue
  operator seluler terus meningkatkan 4G dan memperluas              to enhance 4G and expand Fixed Mobile Convergence (FMC)
  layanan Fixed Mobile Convergence (FMC). Sementara itu,             services. Meanwhile, regulators are pushing mobile operators
  regulator mendorong operator seluler untuk melakukan               to consolidate for market efficiency and to open opportunities
  konsolidasi guna mencapai efisiensi pasar dan membuka              in order to obtain adequate frequency spectrum for deploying
  peluang memperoleh spektrum frekuensi yang memadai                 5G technology.
  untuk menggelar teknologi 5G.

  Meski menghadapi lingkungan yang menantang, prospek                Despite facing a challenging environment, the prospect for
  industri ritel Indonesia cukup optimistis. Proyeksi pertumbuhan    the retail industry in Indonesia remains optimistic. Positive
  ekonomi yang baik dan faktor demografi memberikan                  economic growth projections and demographic factors paint
  gambaran yang menjanjikan. Selain itu, transformasi digital        a promising outlook. Additionally, digital transformation and
  dan e-commerce juga menjadi salah satu faktor pendukung.           e-commerce are also supportive factors. The digital revolution
  Revolusi digital telah mendorong pertumbuhan e-commerce            has driven e-commerce growth and had a significant impact
  dan memberikan dampak yang besar pada sektor ritel                 on the Indonesian retail sector.
  Indonesia.

  Aprindo memproyeksikan industri ritel akan mengalami               Aprindo projects that retail industry will experience an
  kenaikan sejak triwulan pertama 2024 didukung oleh                 increase starting from the first quarter of 2024, supported
  peningkatan konsumsi masyarakat terkait penyelenggaraan            by increased consumer spending related to the electoral
  pemilu, ditambah faktor bulan Ramadhan dan Idul Fitri.             process, along with the Ramadan and Eid al-Fitr festivities in
  Industri ritel diperkirakan akan tumbuh sekitar 3,7-3,8% pada      the second quarter. The retail industry is estimated to grow
  tahun 2024, naik tipis dari 3,6% pada tahun 2023.                  around 3.7-3.8% in 2024, slightly up from 3.6% in 2023.

  Sementara itu, Gabungan Produsen Makanan dan Minuman               Meanwhile, Indonesian Food & Beverage Association
  (GAPMMI) memproyeksikan industri F&B nasional akan naik            (GAPMMI) projects that the national F&B industry will
  7%. Proyeksi ini antara lain didasarkan pada pertumbuhan           increase by 7%. This projection is based, among other
  kelas menengah yang mencapai sekitar 53 juta jiwa. Kelas           things, on the growth of the middle class, which has reached
  menengah menjadi motor pertumbuhan karena mampu                    approximately 53 million people. The middle class serves
  menyumbang separuh dari total konsumsi rumah tangga                as the engine of growth because it contributes half of the
  nasional. Menurut survei, 49,25% populasi Indonesia                total national household consumption. According to surveys,
  kebanyakan menghabiskan uang mereka di F&B. Secara                 49.25% of Indonesian population mostly spends their
  demografis, 53,8% mayoritas populasi ini diisi oleh Milenial       money on F&B. Demographically, 53.8% of this population is
  dan Gen (generasi) Z yang suka mencoba produk dan                  predominantly composed of millennials and Gen Z who enjoy
  pengalaman baru.                                                   trying new products and experiences.

  Menurut laporan Populix yang bertajuk “Tren Makanan                According to the Populix report titled “Food and Beverage
  dan Minuman Pada Gen Z & Millennial 2022-2023“, Gen Z              Trends in Gen Z & Millennial 2022-2023,” Gen Z and
  dan Milenial lebih menyukai membeli makanan di luar, baik          Millennials prefer to order food, whether online, takeaway,
  secara online, takeaway, ataupun dine-in. Produk kuliner           or dine-in. The culinary products most frequently ordered
  yang paling sering dibeli Gen Z dan Milenial adalah makanan        by Gen Z and Millennials are fast food (63%), ready-to-eat/
  cepat saji (63%), produk siap makan/minum (57%),                   drink products (57%), homemade food (33%), ready-to-cook
  makanan buatan rumah (33%), produk siap masak (32%),               products (32%), frozen products (31%), desserts (29%),
  produk beku (31%), dessert (29%), produk freshmade (20%),          fresh-made products (20%) and healthy food (19%).
  dan healthy food (19%).

  Mengacu pada kondisi makroekonomi yang positif, Perseroan          Referring to the positive macroeconomic conditions, the
  optimis dapat mencapai pertumbuhan kinerja yang lebih              Company is optimistic about achieving better performance
  baik lagi di tahun 2024. Perseroan fokus pada improvement          growth in 2024. The Company focuses on improvement and
  dan optimization terutama untuk jaringan gerai baru sebagai        optimization, particularly for new store networks, as efforts
  upaya mengakselerasi pertumbuhan penjualan yang paling             to accelerate optimal sales growth. To support this goal, the
  optimal. Untuk mendukung tujuan tersebut, Perseroan telah          Company has prepared several strategies, including adding
  menyiapkan beberapa strategi, termasuk menambah produk             products from affordable-priced brands to meet customer



2023 ANNUAL REPORT                                                                          P T E R A J AYA S WA S E M B A D A T B K    145
Page 148
            analisis & pembahasan manajemen




      TINJAUAN KEUANGAN
      FINANCIAL OVERVIEW



      dari brand dengan kategori harga yang terjangkau (affordable)   demand, mainly at non-mall outlets (street level), and
      untuk memenuhi permintaan pelanggan terutama pada gerai-        expanding the portfolio of products that customers prefer.
      gerai di luar mal (street level), serta menambah portofolio
      produk yang diminati pelanggan.

      Perseroan melihat adanya perkembangan yang pesat dalam          The Company sees rapid developments in consumer
      preferensi dan gaya hidup masyarakat. Oleh karena itu,          preferences and lifestyles. Hence, the Company focuses
      Perseroan fokus pada pengembangan bisnis yang memiliki          on developing businesses with long-term potential, such
      potensi jangka panjang, seperti fashion lifestyle, consumer     as fashion lifestyle, consumer electronic goods, premium
      electronic goods, premium grocery market, dan bisnis vertikal   grocery markets and other vertical businesses. The Company
      lainnya. Perseroan akan terus membangun jaringan ritel dan      will continue to build retail networks and to introduce various
      menghadirkan berbagai brand baru yang memiliki potensi          new brands with strong potential in the market. With a
      kuat di pasar. Dengan jaringan ritel yang semakin kuat,         strengthening retail network, the Company is optimistic
      Perseroan optimis dapat meningkatkan pangsa pasar dan           about increasing market share and solidifying its image as the
      memperkokoh citra Perseroan sebagai the largest lifestyle       largest lifestyle smart retailer.
      smart retailer.

      PERBANDINGAN ANTARA TARGET DAN REALISASI                        COMPARISON BETWEEN TARGETS AND
      TAHUN 2023 DAN PROYEKSI TAHUN 2024                              REALIZATION IN 2023 AND PROJECTION IN 2024

      Target dan Pencapaian 2023                                      2023 Target and Achievement
      Saat ini Perseroan tidak mengungkapkan target-target            Currently the Company does not disclose financial targets
      keuangan kepada publik mempertimbangkan tingkat                 to the public considering the tight level of competition in the
      kompetisi yang ketat di pasar. Sepanjang tahun 2023,            market. The Company strives to improve its performance to
      Perseroan tetap berupaya untuk menjaga momentum                 be better from year to year. In 2023, the Company recorded
      pertumbuhan meskipun berbagai tantangan eksternal dapat         sales and revenues of IDR4,676.5 billion, down 46.0%
      berpotensi menjadi ancaman. Melalui implementasi berbagai       compared to IDR8,663.8 billion in 2022 and profit for the year
      strategi yang inovatif dan out of the box sepanjang 2023,       of IDR1,164.5 billion, down 48.7% from IDR2,268.9 billion
      Perseroan dapat meningkatkan penjualan neto sebesar             in 2022 amidst a trend of decreasing people’s purchasing
      21,6% dari Rp49,47 triliun pada tahun 2022 menjadi              power.
      Rp60,14 triliun.

      Proyeksi 2024                                                   2024 Projection
      Tahun 2023 merupakan tahun ekspansi bagi Perseroan              2023 was an expansion year for the Company by opening
      dengan membuka lebih dari 600 gerai baru. Perseroan             more than 600 new outlets. The company projected an
      memproyeksikan peningkatan biaya operasional karena             increase in operational costs as newly opened stores need
      gerai-gerai yang baru dibuka akan membutuhkan waktu             more time to achieve optimal performance and encourage net
      untuk mencapai kinerja yang optimal dan mendorong               profit growth. The Company’s focus in 2024 is productivity
      pertumbuhan laba bersih. Fokus Perseroan di tahun 2024          improvement and optimization, especially in the new outlet
      adalah productivity improvement dan optimization terutama       network to achieve the most optimal sales. Armed with
      pada jaringan gerai baru untuk mencapai penjualan yang          positive macro conditions, the Company continues to expand
      paling optimal. Berbekal kondisi makro yang positif,            its footprint by adding outlets with prudence, for all business
      Perseroan akan terus memperluas footprint dengan cermat         verticals, with a target of around 200 outlets. The Company
      melalui penambahan gerai terutama gerai untuk seluruh           hopes to improve the Company’s performance even better in
      vertikal bisnis dengan target sekitar 200 gerai. Perseroan      2024.
      berharap dapat meningkatkan kinerja Perseroan lebih baik
      lagi di tahun 2024.

      STRATEGI PEMASARAN                                              MARKETING STRATEGY
      Perseroan mengembangkan layanan-layanan yang inovatif           The company developed innovative services so that the
      agar bisnis tetap dapat berjalan di tengah disrupsi yang        business can continue to run amid the growing disruptions
      berkembang di era pasca pandemi. Strategi bisnis Perseroan      in the post-pandemic era. The Company’s business strategy
      tetap berfokus pada pemberian layanan secara digital melalui    remains focused on providing digital services through the
      program Mobile Selling, sebuah layanan dimana Perseroan         Mobile Selling program, a service where the Company
      secara berkesinambungan memberikan promo-promo                  continuously provides the latest promotions through



146      P T E R A J AYA S WA S E M B A D A T B K                                                       L A P O R A N TA H U N A N 2 0 2 3
Page 149
                                                                    m a n a g e m e n t d i s c u s s i o n & a n a ly s i s




  terbaru melalui e-catalog dan memberikan kemudahan bagi            e-catalogs and provide convenience for customers to order
  pelanggan untuk memesan via chat Whatsapp.                         via Whatsapp chat.

  Perseroan secara agresif melakukan beragam promosi                 The Company carries out various promotions and events
  dan event melalui platfofm online, baik online channel             through online platforms in an aggressive manner, both
  www.eraspace.com maupun berkolaborasi dengan para                  its online channel, namely www.eraspace.com and in
  e-commerce player di Indonesia untuk menawarkan produk-            collaboration with e-commerce in Indonesia to offer superior
  produk unggulan dengan beragam promosi dan kemudahan               products with various shopping promotions and convenience.
  berbelanja. Konsep omnichannel yang telah dibangun terus           The omnichannel concept that has been Developed continues
  diperkuat baik dengan peningkatan kapabilitas dan offering         to be strengthened both by increasing capabilities and
  melalui laman e-commmerce eraspace.com, maupun kerja               offerings through eraspace.com e-commerce page, as well as
  sama dengan berbagai platform marketplace.                         collaboration with various marketplace platforms.

  Untuk meningkatkan layanan bagi pelanggan dan                      To improve service for customers and optimize customer
  mengoptimalisasi customer retention di ekosistem bisnis            retention in the vertical business ecosystem, the Company
  vertikal, Perseroan memiliki program Customer Relationship         has a Customer Relationship Management (CRM) program
  Management (CRM) di Myeraspace, platform untuk program             at Myeraspace, a platform for customer loyalty programs
  loyalitas pelanggan yang dikembangkan untuk memberikan             developed to provide the best experience in every transaction
  pengalaman terbaik di setiap transaksi bagi pelanggan yang         for customers who shop both offline and online at Erajaya
  berbelanja baik secara offline ataupun online di jaringan ritel    retail network which is part of Eraspace. Customers will
  Erajaya yang tergabung dalam Eraspace. Pelanggan akan              get points that can be used or exchanged for attractive
  mendapatkan poin yang dapat digunakan atau ditukarkan              promotions in the Eraspace retail network.
  dengan promo-promo menarik di jaringan ritel Eraspace.

  Selain untuk menjaga hubungan dengan pelanggan, program            In addition to maintaining relationships with customers,
  CRM dapat memberikan informasi dan pemahaman yang                  the CRM program can provide in-depth information and
  mendalam mengenai perilaku pelanggan sehingga dapat                understanding of customer behavior so that it can become
  menjadi hub untuk conversational commerce Perseroan                a hub for the Company’s conversational commerce so that
  sehingga konversi leads melalui whatsapp atau telepon ke           leads convert via WhatsApp or telephone to the call center
  bagian call center menjadi penjualan lebih cepat. Insights         into sales more quickly. Insights obtained through the CRM
  yang didapatkan melalui program CRM akan menjadi                   program will become important input for designing future
  masukan penting untuk merancang strategi dan inisiatif             marketing strategies and initiatives. By the end of the year,
  marketing selanjutnya. Hingga akhir tahun, Myeraspace telah        Myeraspace had almost 10 million members, growing
  memiliki hampir 10 juta member, tumbuh signifikan dari             significantly from the previous year.
  tahun sebelumnya.

  DIVIDEN DAN KEBIJAKAN DIVIDEN                                      DIVIDEND AND DIVIDEND POLICY

  Kebijakan Dividen                                                  Dividend Policy
  Pengumuman dividen dilakukan berdasarkan keputusan                 The declaration of dividends is made by a resolution of the
  Pemegang Saham dalam RUPS tahunan atas usul Direksi.               Shareholders at the annual GMS upon the recommendation
  Dividen hanya dibayarkan sesuai dengan kemampuan                   of the Board of Directors. Dividends are only paid according
  keuangan Perseroan berdasarkan keputusan yang diambil              to the Company’s financial capacity based on the GMS
  dalam RUPS. Di dalam keputusan tersebut juga harus                 resolution. The resolution must also determine the time and
  ditentukan waktu dan cara pembayaran dividen.                      method of dividend payment.

  Pengumuman jumlah dan pembayaran dividen akan                      The declaration, amount and payment of dividends on
  tergantung pada banyak faktor, termasuk a) kinerja usaha,          the Shares will depend on many factors, including a) The
  arus kas dan kondisi keuangan Perseroan; b) perundang-             Company’s results of operations, cash flows and financial
  undangan dan ketentuan pembatasan mengenai pembagian               condition; b) statutory and other contractual restrictions;
  dividen berdasarkan perjanjian terkait; dan c) faktor-faktor       and c) other factors deemed relevant by the Company’s
  lainnya yang dianggap relevan oleh Pemegang Saham                  shareholders.
  Perseroan.




2023 ANNUAL REPORT                                                                          P T E R A J AYA S WA S E M B A D A T B K   147
Page 150
            analisis & pembahasan manajemen




      TINJAUAN KEUANGAN
      FINANCIAL OVERVIEW



      Sebelum tahun buku berakhir, dividen interim dapat dibagikan         Prior to the end of a financial year, an interim dividend may
      selama diizinkan menurut Anggaran Dasar Perseroan dan                be distributed so long as it is permitted under the Company’s
      pembagian dividen interim tersebut tidak menimbulkan aset            Articles of Association and provided that the interim dividend
      bersih Perseroan menjadi lebih kecil daripada total modal            does not result in its net assets becoming less than the total
      ditempatkan dan disetor penuh dan cadangan laba ditahan.             issued and paid-up capital and the compulsory reserves.
      Pembagian tersebut ditentukan oleh Direksi Perseroan                 Such distribution is determined by the Company’s Board
      setelah disetujui oleh Dewan Komisaris.                              of Directors after first being approved by the Board of
                                                                           Commissioners.

      Apabila setelah akhir tahun buku yang bersangkutan                   If after the end of the relevant financial year, the Company
      Perseroan mengalami kerugian maka dividen interim yang               suffers losses, the distributed interim dividend must be
      telah dibagikan harus dikembalikan oleh Pemegang Saham ke            returned by the shareholders to the Company and the Board
      Perseroan dan Direksi dan Dewan Komisaris secara tanggung            of Directors and Board of Commissioners will be jointly and
      renteng bertanggung jawab apabila dividen interim tidak              severally responsible if the interim dividend is not returned.
      kembali.

      Berdasarkan keputusan RUPS Tahunan tanggal 30 Juni 2023,             Based on the resolution of the Annual GMS on June 30, 2023,
      Pemegang Saham menyetujui penetapan penggunaan laba,                 Shareholders approved the determination of the use of profit,
      laba tahun berjalan yang dapat diatribusikan kepada pemilik          profit for the current year attributable to the owners of the
      entitas induk Perseroan sebagai berikut:                             Company’s parent entities as follows:
      a. Pembagian dividen tunai sebesar Rp19 setiap saham                 a. Cash dividend distribution of Rp19 per share or a total
          atau seluruhnya sebesar Rp299,89 miliar sebelum pajak,               of Rp299.89 billion before tax, which will be paid on
          yang akan dibayarkan atas 15.783.484.900 saham dan                   15.783.484.900 shares and authorize the Board of
          memberikan kuasa kepada Direksi untuk melakukan                      Directors to take all actions in connection with the
          segala tindakan sehubungan dengan pembagian dividen                  distribution of the dividend.
          tersebut.
      b. Sebesar Rp1 miliar sebagai cadangan sesuai Pasal 70               b. In the amount of Rp1 billion as a reserve in accordance
          Undang-Undang Perseroan Terbatas, dan                               with Article 70 of the Limited Liability Company Law, and
      c. Sisanya dimasukan sebagai laba yang ditahan.                      c. The remaining is included as retained earnings.

      Berdasarkan keputusan RUPS Tahunan tanggal 23 Juni 2022,             Based on the resolution of the Annual GMS on June 23, 2022,
      Pemegang Saham menyetujui penetapan penggunaan laba,                 Shareholders approved the determination of the use of profit,
      laba tahun berjalan yang dapat diatribusikan kepada pemilik          profit for the current year attributable to the owners of the
      entitas induk Perseroan sebagai berikut:                             Company’s parent entities as follows:
      a. Pembagian dividen tunai sebesar Rp22,8 setiap saham               a. Cash dividend distribution of Rp22.8 per share or a
          atau seluruhnya sebesar Rp362,48 miliar sebelum pajak,               total of Rp362.48 billion before tax, which will be paid
          yang akan dibayarkan atas 15.898.459.500 saham dan                   on 15,898,459,500 shares and authorize the Board
          memberikan kuasa kepada Direksi untuk melakukan                      of Directors to take all actions in connection with the
          segala tindakan sehubungan dengan pembagian dividen                  distribution of the dividend.
          tersebut.
      b. Sebesar Rp1 miliar sebagai cadangan sesuai Pasal 70               b. In the amount of Rp1 billion as a reserve in accordance
          Undang-Undang Perseroan Terbatas, dan                               with Article 70 of the Limited Liability Company Law, and
      c. Sisanya dimasukan sebagai laba yang ditahan.                      c. The rest is included as retained earnings.

      PEMBAGIAN DIVIDEN 2 TAHUN TERAKHIR                                   DIVIDEND DISTRIBUTION IN THE LAST 2 YEARS


                                                              Jumlah Dividen
                                         Dividen per Saham                                                              Rasio Pembayaran
        Tahun Buku      Interim/Final                           (Rp miliar)              Tanggal Pembayaran
                                         Dividend per Share                                                                   Dividen
         Fiscal Year     Interim/Final                         Total Dividend               Payment Date
                                                (Rp)                                                                   Dividend Payout Ratio
                                                                (Rp billion)


           2022             Final                   19            299,89             3 Agustus 2023|August 3, 2023            27,86%

           2021             Final               22,8              362,48               27 Juli 2022|July 27, 2022             33,67%




148      P T E R A J AYA S WA S E M B A D A T B K                                                              L A P O R A N TA H U N A N 2 0 2 3
Page 151
                                                                              m a n a g e m e n t d i s c u s s i o n & a n a ly s i s




  REALISASI PENGGUNAAN DANA HASIL                                              REALIZATION OF THE USE OF PROCEEDS FROM
  PENAWARAN UMUM                                                               PUBLIC OFFERING
  Per 31 Desember 2023, tidak ada dana hasil IPO yang tersisa.                 As of 31 December 2023, there was no remaining IPO
  Seluruh dana Hasil Penawaran Umum sudah digunakan                            proceeds. All proceeds from the Public Offering have been
  sesuai dengan rencana penggunaan dana.                                       used in accordance with the planned use of the funds.

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

  Transaksi Material                                                           Material Transactions
  Sepanjang tahun 2023, Perseroan telah melakukan sejumlah                     Throughout 2023, the Company made a number of material
  transaksi material dalam rangka ekspansi atau pendirian                      transactions to expand or establish new business entities
  entitas usaha baru dengan uraian sebagai berikut:                            with the following descriptions:


                                                                               Hubungan antara
                                 Tanggal                                           Pihak yang
           Jenis Transaksi
                                Transaksi     Pihak-pihak yang Bertransaksi       Bertransaksi          Tujuan Transaksi            Dampak Kejadian
    No.        Type of
                                 Date of        Parties on the Transactions       Relationship         Goals of Transactions      Impacts of Transactions
             Transaction
                               Transaction                                        between the
                                                                               Transacting Parties


     1    Rencana            15 Agustus 2023 PT Erajaya Swasembada Tbk         -                     Perseroan bermaksud        Program MESOP akan
          Pelaksanaan                                                                                untuk mengalihkan          dilakukan melalui
          Program MESOP                                                                              sebagian saham yang        pengalihan sebagian
                                                                                                     diperoleh Perseroan dari   saham treasuri yang
                                                                                                     pelaksanaan Kegiatan       diperoleh dari Kegiatan
                                                                                                     Pembelian Kembali          Pembelian Kembali Saham
                                                                                                     Saham melalui Program      oleh Perseroan. Oleh
                                                                                                     MESOP.                     karena itu, pelaksanaan
                                                                                                                                Program MESOP ini tidak
                                                                                                                                menimbulkan dampak dilusi
                                                                                                                                kepada pemegang saham
                                                                                                                                atas kepemilikan saham
                                                                                                                                mereka dalam Perseroan,
                                                                                                                                dikarenakan saham-saham
                                                                                                                                yang akan dimasukkan ke
                                                                                                                                dalam Program MESOP
                                                                                                                                bukan merupakan saham
                                                                                                                                baru yang akan dikeluarkan
                                                                                                                                dari portepel Perseroan.

          MESOP Program      August 15, 2023 PT Erajaya Swasembada Tbk         -                     The Company intends        The MESOP program
          Implementation                                                                             to allocate the majority   will be carried out by
          Plan                                                                                       of shares obtained by      transferring a portion of the
                                                                                                     the Company from           treasury shares obtained
                                                                                                     implementing Share         from the Share Buyback
                                                                                                     Buyback Activities         Activity by the Company.
                                                                                                     through the MESOP          Therefore, implementing
                                                                                                     Program.                   the MESOP Program does
                                                                                                                                not dilute shareholders'
                                                                                                                                share ownership because
                                                                                                                                the shares included in
                                                                                                                                the MESOP Program are
                                                                                                                                familiar shares that will be
                                                                                                                                issued from t he Company's
                                                                                                                                portfolio.




2023 ANNUAL REPORT                                                                                     P T E R A J AYA S WA S E M B A D A T B K                 149
Page 152
             analisis & pembahasan manajemen




      TINJAUAN KEUANGAN
      FINANCIAL OVERVIEW



                                                                                        Hubungan antara
                                     Tanggal                                                Pihak yang
               Jenis Transaksi
                                    Transaksi       Pihak-pihak yang Bertransaksi          Bertransaksi          Tujuan Transaksi             Dampak Kejadian
       No.         Type of
                                     Date of          Parties on the Transactions          Relationship         Goals of Transactions       Impacts of Transactions
                 Transaction
                                   Transaction                                             between the
                                                                                        Transacting Parties


        2     Penerbitan Surat     24 Agustus      Erajaya Digital Pte. Ltd. (“ERAD”)   Tidak ada hubungan Untuk belanja modal dan        Penerbitan Surat
              Hutang (Bonds)          2023         merupakan Perusahaan                 afiliasi antara    investasi perusahaan di        Hutang (Bonds) yang
              oleh Perusahaan                      Terkendali dengan Kepemilikan        pihak-pihak        Singapura and Malaysia.        diterbitkan oleh ERAD
              Terkendali yang                      Tidak Langsung oleh Perseroan        yang melakukan                                    akan memperkuat posisi
              Berkedudukan di                      melalui Erajaya Holding Pte.         transaksi.                                        keuangan ERAD dan Entitas
              Singapura.                           Ltd. (“EH”) dengan kepemilikan                                                         Anaknya, khususnya untuk
                                                   100% dimiliki oleh Perseroan.                                                          kinerja dan pengembangan
                                                   ERAD merupakan Perseroan                                                               usaha ERAD di masa
                                                   Terbatas yang didirikan dan                                                            mendatang, sehingga untuk
                                                   tunduk berdasarkan hukum                                                               kedepannya diharapkan
                                                   negara Singapura.                                                                      dapat memberikan
                                                                                                                                          kontribusi yang lebih baik
                                                                                                                                          kepada Group Perseroan
                                                                                                                                          dan pemangku kepentingan.
                                                                                                                                          Penerbitan Surat Hutang
                                                                                                                                          (Bonds) oleh ERAD tidak
                                                                                                                                          mengakibatkan dampak
                                                                                                                                          material langsung terhadap
                                                                                                                                          kegiatan operasional dan
                                                                                                                                          keuangan Perseroan.

              The Issuance       Auguts 24, 2023 Erajaya Digital Pte. Ltd. ("ERAD")     There is no           For the capital             The Bond’s issuance by
              of Bonds by                        is a Controlled Company with           affiliation           expenditure and corporate   ERAD will strengthen
              Controlled                         Indirect Ownership by the              relationship          investment in Singapore     the financial position of
              Company                            Company through Erajaya                between the parties   and Malaysia.               ERAD and its subsidiaries,
              domiciled in                       Holding Pte. Ltd. ("EH") with          conducting the                                    in particular, for further
              Singapore.                         100% ownership is owned by             transaction.                                      performance and
                                                 the Company. ERAD is a Limited                                                           development of ERAD
                                                 Liability Company incorporated                                                           which will eventually
                                                 and subject to the laws of                                                               enable to generate a
                                                 Singapore.                                                                               better contribution to the
                                                                                                                                          Company’s group and
                                                                                                                                          stakeholders. The issuance
                                                                                                                                          of Bonds issued by ERAD
                                                                                                                                          does not have direct
                                                                                                                                          material impact on the
                                                                                                                                          Company's operational and
                                                                                                                                          financial activities.

        3     Pembentukan          29 Agustus      T Sinar Eka Selaras Tbk              Tidak ada hubungan    Para Pihak yang             Dengan dibentuknya
              usaha patungan.         2023         (“SES”) didirikan pada               afiliasi antara       bertransaksi akan           Perusahaan Patungan akan
                                                   Tahun 2009, merupakan                pihak-pihak           membentuk suatu             memberikan dampak pada
                                                   anak perusahaan terkendali           yang melakukan        Perusahaan Patungan         bertambahnya lini bisnis
                                                   dengan kepemilikan secara            transaksi.            yang direncanakan akan      yang dimiliki oleh SES dan
                                                   langsung dengan persentase                                 diberi nama PT MST Golf     Perseroan.
                                                   kepemilikan 79,9998% oleh                                  Indonesia ("MGI") atau
                                                   Perseroan. SES telah berhasil                              nama lain yang sesuai
                                                   mencatatkan Sahamnya di                                    sebagaimana disetujui
                                                   Bursa Efek Indonesia pada                                  oleh Kementerian Hukum
                                                   tanggal 8 Agustus 2023. SES                                dan Hak Asasi Manusia
                                                   merupakan Badan Hukum                                      ("Kemenkumham")
                                                   berbentuk Perseroan Terbatas                               Republik Indonesia,
                                                   yang didirikan dan tunduk                                  untuk menjalankan Bisnis
                                                   berdasarkan hukum negara                                   Peralatan, Perlengkapan
                                                   Republik Indonesia.                                        dan Aksesoris Golf
                                                                                                              dan Golf Apparels di
                                                   MST Golf Group Berhad.                                     Indonesia.
                                                   (“MST Golf”) merupakan
                                                   suatu Perseroan Terbatas
                                                   yang didirikan dan tunduk
                                                   berdasarkan hukum negara
                                                   Malaysia.




150     P T E R A J AYA S WA S E M B A D A T B K                                                                                  L A P O R A N TA H U N A N 2 0 2 3
Page 153
                                                                                 m a n a g e m e n t d i s c u s s i o n & a n a ly s i s




                                                                                  Hubungan antara
                                 Tanggal                                              Pihak yang
           Jenis Transaksi
                                Transaksi      Pihak-pihak yang Bertransaksi         Bertransaksi          Tujuan Transaksi              Dampak Kejadian
    No.        Type of
                                 Date of         Parties on the Transactions         Relationship         Goals of Transactions        Impacts of Transactions
             Transaction
                               Transaction                                           between the
                                                                                  Transacting Parties


          The establishment August 29, 2023 PT Sinar Eka Selaras Tbk (“SES")      There is no           The Parties in the           The establishment of the
          of joint venture.                 was established in 2009, a            affiliation           Transaction will form a      Joint Venture Company
                                            controlled subsidiary by the          relationship          Joint Venture Company        will have an impact on the
                                            Company with direct ownership         between the parties   which is planned to be       addition of new business
                                            with a percentage of 79,9998%         conducting the        named PT MST Golf            lines owned by SES and the
                                            ownership by the Company.             transaction.          Indonesia ("MGI") or other   Company.
                                            SES has successfully listed its                             appropriate name as
                                            Shares on the Indonesia Stock                               approved by the Ministry
                                            Exchange on August 8, 2023.                                 of Law and Human Rights
                                            SES is a Legal Entity in the form                           ("Kemenkumham") of the
                                            of a Limited Liability Company                              Republic of Indonesia, to
                                            established and subject to                                  conduct Golf Equipment,
                                            the laws of the Republic of                                 Golf Accessories, and
                                            Indonesia.                                                  Golf Apparels Business in
                                                                                                        Indonesia.
                                              MST Golf Group Berhad. ("MST
                                              Golf") is a Limited Liability
                                              Company incorporated and
                                              subject to the laws of Malaysia.

    4     Penandatanganan     15 September    PT Erafone Artha Retailindo         EAR, DCM dan       Pembiayaan modal kerja          Penandatanganan
          Perjanjian              2023        (“EAR”) merupakan Perusahaan        TAM selaku Debitur digital Para Debitur.           Perjanjian Fasilitas Kredit
          Fasilitas Kredit                    Terkendali dengan Kepemilikan       adalah Perusahaan                                  ini tidak memiliki dampak
          oleh Perusahaan                     Langsung oleh Perseroan             Terkendali dengan                                  material terhadap kegiatan
          Terkendali                          dengan kepemilikan 99,82%.          Kepemilikan                                        operasional, hukum, atau
          Perseroan.                          EAR merupakan Perseroan             Langsung dan Tidak                                 kelangsungan usaha dari
                                              Terbatas yang didirikan dan         Langsung oleh                                      Anak Perusahaan maupun
                                              tunduk berdasarkan hokum            Perseroan dengan                                   Perseroan. Namun, hal ini
                                              negara Republik Indonesia.          kepemilikan diatas                                 akan menambah kewajiban
                                              Dalam Perjanjian Kredit ini         99% dimiliki oleh                                  keuangan Anak Perusahaan
                                              berlaku sebagai Borrower            Perseroan.                                         yang sejalan dengan kinerja
                                                                                                                                     Perseroan secara grup.
                                              PT Data Citra Mandiri (“DCM”)       Tidak ada hubungan
                                              merupakan Perusahaan                afiliasi antara
                                              Terkendali dengan Kepemilikan       Debitur dan Agen
                                              Tidak Langsung oleh                 Fasilitas Kredit.
                                              Perseroan melalui EAR dengan
                                              kepemilikan 99,99%. DCM
                                              merupakan Perseroan Terbatas
                                              yang didirikan dan tunduk
                                              berdasarkan hukum negara
                                              Republik Indonesia. Dalam
                                              Perjanjian Kredit ini berlaku
                                              sebagai Borrower

                                              PT Teletama Artha Mandiri
                                              (“TAM”) merupakan Perusahaan
                                              Terkendali dengan Kepemilikan
                                              Tidak Langsung oleh
                                              Perseroan melalui EAR dengan
                                              kepemilikan 99,99%. TAM
                                              merupakan Perseroan Terbatas
                                              yang didirikan dan tunduk
                                              berdasarkan hukum negara
                                              Republik Indonesia. Dalam
                                              Perjanjian Kredit ini berlaku
                                              sebagai Borrower.

                                              Perseroan, merupakan salah satu
                                              Perusahaan Tercatat di Bursa
                                              Efek Indonesia yang didirikan
                                              dan tunduk berdasarkan hukum
                                              negara Republik Indonesia.
                                              Dalam Perjanjian Kredit ini
                                              berlaku sebagai Co-Borrower.

                                              PT Bank Mandiri (Persero) Tbk
                                              (“Bank Mandiri”) merupakan
                                              Bank milik pemerintah Republik
                                              Indonesia yang tergabung dalam
                                              Badan Usaha Milik Negara
                                              (BUMN). Bank Mandiri didirikan
                                              dan tunduk berdasarkan hukum
                                              negara Republik Indonesia.
                                              Dalam Perjanjian Kredit ini
                                              berlaku sebagai Kreditur.




2023 ANNUAL REPORT                                                                                        P T E R A J AYA S WA S E M B A D A T B K                 151
Page 154
             analisis & pembahasan manajemen




      TINJAUAN KEUANGAN
      FINANCIAL OVERVIEW



                                                                                      Hubungan antara
                                    Tanggal                                               Pihak yang
               Jenis Transaksi
                                   Transaksi     Pihak-pihak yang Bertransaksi           Bertransaksi          Tujuan Transaksi           Dampak Kejadian
       No.         Type of
                                    Date of        Parties on the Transactions           Relationship         Goals of Transactions     Impacts of Transactions
                 Transaction
                                  Transaction                                            between the
                                                                                      Transacting Parties


              Signing of         September 15,   PT Erafone Artha Retailindo          EAR, DCM and          Financing for Working     Execution of this Credit
              Credit Facility        2023        ("EAR") is a Controlled Company      TAM as Debitors       Capital (Digital) of      Facility Agreement does
              Agreement                          with Direct Ownership by             are Controlled        Debtors.                  not have a material impact
              by Controlled                      the Company with 99,82%              Companies with                                  on the operational, legal,
              Companies                          ownership. EAR is a Limited          Direct and Indirect                             or business continuity
                                                 Liability Company incorporated       Ownership with                                  activities of the Subsidiaries
                                                 and subject to the laws of           ownership above                                 or the Company. However,
                                                 Republic of Indonesia. In this       99% owned by the                                this will increase the
                                                 Credit Facility Agreement            Company.                                        Subsidiary's financial
                                                 applies as Borrower.                                                                 obligations in line with the
                                                                                      There is no                                     Company's performance as
                                                 PT Data Citra Mandiri (“DCM”)        affiliation between                             a group.
                                                 is a Controlled Company with         the Debitors and
                                                 Indirect Ownership by the            the Creditor.
                                                 Company through EAR with
                                                 99,99% ownership. DCM is
                                                 a Limited Liability Company
                                                 incorporated and subject to the
                                                 laws of Republic of Indonesia.
                                                 In this Credit Facility Agreement
                                                 applies as Borrower.

                                                 PT Teletama Artha Mandiri
                                                 (“TAM”) is a Controlled Company
                                                 with Indirect Ownership by
                                                 the Company through EAR
                                                 with 99,99% ownership. TAM
                                                 is a Limited Liability Company
                                                 incorporated and subject to the
                                                 laws of Republic of Indonesia.
                                                 In this Credit Facility Agreement
                                                 applies as Borrower.

                                                 The Company, is one of the
                                                 Listed Companies on the
                                                 Indonesia Stock Exchange
                                                 established and subject to
                                                 the laws of the Republic of
                                                 Indonesia. In this Credit Facility
                                                 Agreement applies as Co-
                                                 Borrower.

                                                 PT Bank Mandiri (Persero)
                                                 Tbk ("Bank Mandiri") is a
                                                 government-owned bank
                                                 of the Republic of Indonesia
                                                 incorporated in a State-Owned
                                                 Enterprises (BUMN). Bank
                                                 Mandiri is established and
                                                 complies with the laws of
                                                 the Republic of Indonesia. In
                                                 this Credit Facility Agreement
                                                 applies as a Creditor.




152     P T E R A J AYA S WA S E M B A D A T B K                                                                                L A P O R A N TA H U N A N 2 0 2 3
Page 155
                                                                               m a n a g e m e n t d i s c u s s i o n & a n a ly s i s




                                                                                Hubungan antara
                                 Tanggal                                            Pihak yang
           Jenis Transaksi
                                Transaksi    Pihak-pihak yang Bertransaksi         Bertransaksi          Tujuan Transaksi           Dampak Kejadian
    No.        Type of
                                 Date of       Parties on the Transactions         Relationship         Goals of Transactions     Impacts of Transactions
             Transaction
                               Transaction                                         between the
                                                                                Transacting Parties


    5     Penandatanganan     26 September   Perseroan, merupakan salah satu    EAR, DCM, TAM,        Tujuan dari transaksi     Penandatanganan
          Perjanjian              2023       Perusahaan Tercatat di Bursa       MMS, NASA, PPS,       ini adalah pembiayaan     Perjanjian Perpanjangan
          Perpanjangan                       Efek Indonesia yang didirikan      ESA, SAM dan          keperluan modal kerja     dan Penambahan
          dan Penambahan                     dan tunduk berdasarkan hukum       UAS selaku Debitur    para Debitur dan          Fasilitas Kredit ini tidak
          Fasilitas Kredit.                  negara Republik Indonesia.         adalah Perusahaan     tujuan lainnya yang       memiliki dampak material
                                                                                Terkendali dengan     berhubungan dengan        terhadap kegiatan
                                             PT Erafone Artha Retailindo        Kepemilikan           transaksi usaha.          operasional, hukum, atau
                                             (“EAR”) merupakan Perusahaan       Langsung dan                                    kelangsungan usaha dari
                                             Terkendali dengan Kepemilikan      Tidak Langsung                                  Anak Perusahaan maupun
                                             Langsung oleh Perseroan            oleh Perseroan                                  Perseroan. Namun, hal ini
                                             dengan kepemilikan 99,82%.         dengan kepemilikan                              akan menambah kewajiban
                                             EAR merupakan Perseroan            masingmasingnya                                 keuangan Anak Perusahaan
                                             Terbatas yang didirikan dan        sebesar 99,82%,                                 yang sejalan dengan kinerja
                                             tunduk berdasarkan hokum           99,99%, 99,99%,                                 Perseroan secara grup.
                                             negara Republik Indonesia.         99,6%, 99,99%,
                                                                                80%, 99,99%,
                                             PT Data Citra Mandiri (“DCM”)      55,04% dan
                                             merupakan Perusahaan               55% dimiliki oleh
                                             Terkendali dengan Kepemilikan      Perseroan.
                                             Tidak Langsung oleh
                                             Perseroan melalui EAR dengan       Tidak ada hubungan
                                             kepemilikan 99,99%. DCM            afiliasi antara
                                             merupakan Perseroan Terbatas       Debitur dan
                                             yang didirikan dan tunduk          Kreditur.
                                             berdasarkan hukum negara
                                             Republik Indonesia.

                                             PT Teletama Artha Mandiri
                                             (“TAM”) merupakan Perusahaan
                                             Terkendali dengan Kepemilikan
                                             Tidak Langsung oleh
                                             Perseroan melalui EAR dengan
                                             kepemilikan 99,99%. TAM
                                             merupakan Perseroan Terbatas
                                             yang didirikan dan tunduk
                                             berdasarkan hukum negara
                                             Republik Indonesia.

                                             PT Multi Media Selular (“MMS”)
                                             merupakan Perusahaan
                                             Terkendali dengan Kepemilikan
                                             Tidak Langsung oleh Perseroan
                                             melalui PT Mandiri Sinergi
                                             Niaga (“MSN”) yang merupakan
                                             anak usaha dari EAR dengan
                                             kepemilikan 99,6%. MMS
                                             merupakan Perseroan Terbatas
                                             yang didirikan dan tunduk
                                             berdasarkan hukum negara
                                             Republik Indonesia.

                                             PT Nusa Abadi Sukses
                                             Artha (“NASA”) merupakan
                                             Perusahaan Terkendali dengan
                                             Kepemilikan Tidak Langsung
                                             oleh Perseroan melalui EAR
                                             dengan kepemilikan 99,99%.
                                             NASA merupakan Perseroan
                                             Terbatas yang didirikan dan
                                             tunduk berdasarkan hukum
                                             negara Republik Indonesia.

                                             PT Prakarsa Prima Sentosa
                                             (“PPS”) merupakan Perusahaan
                                             Terkendali dengan Kepemilikan
                                             Tidak Langsung oleh Perseroan
                                             melalui EAR dengan kepemilikan
                                             80%. PPS merupakan Perseroan
                                             Terbatas yang didirikan dan
                                             tunduk berdasarkan hukum
                                             negara Republik Indonesia.




2023 ANNUAL REPORT                                                                                      P T E R A J AYA S WA S E M B A D A T B K              153
Page 156
             analisis & pembahasan manajemen




      TINJAUAN KEUANGAN
      FINANCIAL OVERVIEW



                                                                                 Hubungan antara
                                  Tanggal                                            Pihak yang
              Jenis Transaksi
                                 Transaksi    Pihak-pihak yang Bertransaksi         Bertransaksi        Tujuan Transaksi          Dampak Kejadian
       No.        Type of
                                  Date of       Parties on the Transactions         Relationship       Goals of Transactions    Impacts of Transactions
                Transaction
                                Transaction                                         between the
                                                                                 Transacting Parties


                                              PT Surya Andra Medicalindo
                                              (“SAM”) merupakan
                                              Perusahaan Terkendali dengan
                                              Kepemilikan Tidak Langsung
                                              oleh Perseroan melalui PT Era
                                              Prima Indonesia (“EPI”) dengan
                                              kepemilikan 55,04%. SAM
                                              merupakan Perseroan Terbatas
                                              yang didirikan dan tunduk
                                              berdasarkan hukum negara
                                              Republik Indonesia.

                                              PT Urogen Advanced Solutions
                                              (“UAS”) merupakan Perusahaan
                                              Terkendali dengan Kepemilikan
                                              Tidak Langsung oleh Perseroan
                                              melalui PT Era Prima Indonesia
                                              (“EPI”) dengan kepemilikan
                                              55%. UAS merupakan Perseroan
                                              Terbatas yang didirikan dan
                                              tunduk berdasarkan hukum
                                              negara RepublikIndonesia.
                                              PT Era Sukses Abadi (“ESA”)
                                              merupakan Perusahaan
                                              Terkendali dengan Kepemilikan
                                              Langsung oleh Perseroan
                                              dengan kepemilikan 46.93% dan
                                              dimiliki secara langsung oleh
                                              Anak Usaha Perseroan yakni
                                              TAM, DCM dan EAR dengan
                                              kepemilikan masing-masingnya
                                              21,27%, 7,8% dan 23,99%. ESA
                                              merupakan Perseroan Terbatas
                                              yang didirikan dan tunduk
                                              berdasarkan hukum negara
                                              Republik Indonesia.

                                              PT Bank Central Asia Tbk
                                              (“Bank BCA”) mulai beroperasi
                                              pada tahun 1957 dengan nama
                                              Bank Central Asia NV. Kini BCA
                                              merupakan bank swasta terbesar
                                              di Indonesia yang melayani
                                              beragam segmen nasabah,
                                              baik nasabah individu maupun
                                              nasabah bisnis melalui jaringan
                                              perbankan elektronik dan kantor
                                              cabang yang menjangkau hampir
                                              seluruh kota besar di Indonesia.
                                              Bank BCA didirikan dan tunduk
                                              berdasarkan hukum negara
                                              Republik Indonesia.




154     P T E R A J AYA S WA S E M B A D A T B K                                                                         L A P O R A N TA H U N A N 2 0 2 3
Page 157
                                                                                 m a n a g e m e n t d i s c u s s i o n & a n a ly s i s




                                                                                  Hubungan antara
                                Tanggal                                               Pihak yang
           Jenis Transaksi
                               Transaksi     Pihak-pihak yang Bertransaksi           Bertransaksi          Tujuan Transaksi           Dampak Kejadian
    No.        Type of
                                Date of        Parties on the Transactions           Relationship         Goals of Transactions     Impacts of Transactions
             Transaction
                              Transaction                                            between the
                                                                                  Transacting Parties


          Signing of the     September 26,   The Company, is one of the           EAR, DCM, TAM,        The purpose of this       The Execution of this
          Extension and          2023        Listed Companies on the              MMS, NASA, PPS,       transaction is to         Renewal and Additional on
          Addition on                        Indonesia Stock Exchange             ESA, SAM and          financing the working     Credit Facility Agreement
          Credit Facility                    established and subject to           UAS as Debtors        capital requirement of    does not have a material
          Agreement.                         the laws of the Republic of          are Controlled        the debtors and other     impact on the operational,
                                             Indonesia.                           Companies with        purposes related to       legal, or business continuity
                                                                                  Direct and Indirect   business transactions.    activities of the Subsidiaries
                                             PT Erafone Artha Retailindo          Ownership by the                                or the Company. However,
                                             (“EAR”) is a Controlled Company      Company with                                    this will increase the
                                             with Direct Ownership by             ownership of                                    Subsidiary's financial
                                             the Company with 99,82%              99.82%, 99.99%,                                 obligations in line with the
                                             ownership. EAR is a Limited          99.99%, 99.6%,                                  Company's performance as
                                             Liability Company incorporated       99.99%, 80%,                                    a group.
                                             and subject to the laws of           99.99%, 55.04%
                                             Republic of Indonesia. In this       and 55% owned
                                             Credit Facility Agreement            by the Company,
                                             applies as Borrower.                 respectively.

                                             PT Data Citra Mandiri (“DCM”)        No affiliation
                                             is a Controlled Company with         between Debtor
                                             Indirect Ownership by the            and Creditor.
                                             Company through EAR with
                                             99,99% ownership. DCM is
                                             a Limited Liability Company
                                             incorporated and subject to the
                                             laws of Republic of Indonesia.
                                             In this Credit Facility Agreement
                                             applies as Borrower.

                                             PT Teletama Artha Mandiri
                                             (“TAM”) is a Controlled Company
                                             with Indirect Ownership by
                                             the Company through EAR
                                             with 99,99% ownership. TAM
                                             is a Limited Liability Company
                                             incorporated and subject to the
                                             laws of Republic of Indonesia.
                                             In this Credit Facility Agreement
                                             applies as Borrower.

                                             PT Multi Media Selular (“MMS”)
                                             is a Controlled Company with
                                             Indirect Ownership by the
                                             Company through PT Mandiri
                                             Sinergi Niaga (“MSN”) which is
                                             a subsidiary of EAR with 99.6%
                                             ownership. MMS is a Limited
                                             Liability Company established
                                             and subject to the laws of the
                                             Republic of Indonesia.

                                             PT Nusa Abadi Sukses Artha
                                             (“NASA”) is a Controlled
                                             Company with Indirect
                                             Ownership by the Company
                                             through EAR with 99.99%
                                             ownership. NASA is a Limited
                                             Liability Company established
                                             and subject to the laws of the
                                             Republic of Indonesia.

                                             PT Prakarsa Prima Sentosa
                                             (“PPS”) is a Controlled Company
                                             with Indirect Ownership by the
                                             Company through EAR with
                                             80% ownership. PPS is a Limited
                                             Liability Company established
                                             and subject to the laws of the
                                             Republic of Indonesia.




2023 ANNUAL REPORT                                                                                        P T E R A J AYA S WA S E M B A D A T B K                 155
Page 158
             analisis & pembahasan manajemen




      TINJAUAN KEUANGAN
      FINANCIAL OVERVIEW



                                                                                        Hubungan antara
                                      Tanggal                                               Pihak yang
               Jenis Transaksi
                                     Transaksi    Pihak-pihak yang Bertransaksi            Bertransaksi          Tujuan Transaksi           Dampak Kejadian
       No.         Type of
                                      Date of       Parties on the Transactions            Relationship         Goals of Transactions     Impacts of Transactions
                 Transaction
                                    Transaction                                            between the
                                                                                        Transacting Parties


                                                  PT Surya Andra Medicalindo
                                                  (“SAM”) is a Controlled Company
                                                  with Indirect Ownership by the
                                                  Company through PT Era Prima
                                                  Indonesia (“EPI”) with 55.04%
                                                  ownership. SAM is a Limited
                                                  Liability Company established
                                                  and subject to the laws of the
                                                  Republic of Indonesia.

                                                  PT Urogen Advanced Solutions
                                                  (“UAS”) is a Controlled Company
                                                  with Indirect Ownership by the
                                                  Company through PT Era Prima
                                                  Indonesia (“EPI”) with 55%
                                                  ownership. UAS is a Limited
                                                  Liability Company established
                                                  and subject to the laws of the
                                                  Republic of Indonesia.

                                                  PT Era Sukses Abadi (“ESA”) is a
                                                  Controlled Company with Direct
                                                  Ownership by the Company with
                                                  46.93% ownership and directly
                                                  owned by the Company’s
                                                  Subsidiaries namely TAM, DCM
                                                  and EAR with ownership of
                                                  21.27%, 7.8% and 23.99%
                                                  respectively. ESA is a Limited
                                                  Liability Company established
                                                  and subject to the laws of the
                                                  Republic of Indonesia.

                                                  PT Bank Central Asia Tbk (“Bank
                                                  BCA”) commenced operations
                                                  in 1957 under the name Bank
                                                  Central Asia NV. Now BCA is the
                                                  largest private bank in Indonesia
                                                  that serves various customer
                                                  segments, both individual and
                                                  business customers through
                                                  electronic banking networks and
                                                  branch offices that reach almost
                                                  all major cities in Indonesia. Bank
                                                  BCA is established and complies
                                                  with the laws of the Republic of
                                                  Indonesia.

        6     Perubahan             13 Desember   Indo Ventures Indonesia               Tidak ada hubungan    Penyampaian informasi     Terdapat perubahan
              Pemegang Saham            2023      Sdn. Bhd. merupakan Suatu             afiliasi antara       sehubungan dengan         kepemilikan saham ECI
              Pengendali                          perseroan yang didirikan              pihak-pihak           Perubahan Pemegang        sebesar 50,10% yang
              Perusahaan                          berdasarkan hukum Malaysia,           yang melakukan        Saham Pengendali          sebelumnya dimiliki oleh
              Afiliasi PT Erajaya                 memiliki alamat terdaftar di          transaksi.            Perusahaan Afiliasi       Charming Pharmacy Retail
              Swasembada Tbk.                     Lantai 12, Menara Symphony,                                 Perseroan, yaitu PT Era   Management Sdn.Bhd.
                                                  Nomor 5, Jalan Prof. Khoo Kay                               Caring Indonesia (ECI).   menjadi Indo Ventures
                                                  Kim, Seksyen 13, 46200 Petaling                             Perubahan pemegang        Indonesia Sdn. Bhd.
                                                  Jaya, Selangor, Malaysia.                                   saham pengendali
                                                                                                              ECI dari sebelumnya
                                                  Charming Pharmacy Retail                                    Charming Pharmacy
                                                  Management Sdn.Bhd.                                         Retail Management
                                                  merupakan suatu perusahaan                                  Sdn.Bhd. menjadi Indo
                                                  yang didirikan dan berdiri                                  Ventures Indonesia Sdn.
                                                  menurut hukum negara                                        Bhd.
                                                  Malaysia, beralamat terdaftar di
                                                  22-09, Menara 1 MK, Nomor 1
                                                  Jalan Kiara, Mont Kiara, 50480,
                                                  Kuala Lumpur, Malaysia.




156     P T E R A J AYA S WA S E M B A D A T B K                                                                                  L A P O R A N TA H U N A N 2 0 2 3
Page 159
                                                                               m a n a g e m e n t d i s c u s s i o n & a n a ly s i s




                                                                                Hubungan antara
                                Tanggal                                             Pihak yang
           Jenis Transaksi
                               Transaksi    Pihak-pihak yang Bertransaksi          Bertransaksi          Tujuan Transaksi             Dampak Kejadian
    No.        Type of
                                Date of       Parties on the Transactions          Relationship         Goals of Transactions       Impacts of Transactions
             Transaction
                              Transaction                                          between the
                                                                                Transacting Parties


          the Change         December 13,   Indo Ventures Indonesia Sdn.        There is no           Submission of information   There was a change in ECI's
          of Controlling        2023        Bhd. a company incorporated         affiliation           in connection with the      share ownership of 50.10%,
          Shareholders                      under the laws of Malaysia,         relationship          Change of Controlling       which Charming Pharmacy
          of PT Erajaya                     having its registered address at    between the parties   Shareholder of the          Retail Management Sdn
          Swasembada                        12th Floor, Symphony Tower,         conducting the        Company's Affiliated        previously owned.Bhd. to
          Tbk Affiliated                    Number 5, Jalan Prof. Khoo Kay      transaction.          Company, namely PT Era      Indo Ventures Indonesia
          Companies.                        Kim, Seksyen 13, 46200 Petaling                           Caring Indonesia (ECI).     Sdn. Bhd.
                                            Jaya, Selangor, Malaysia.                                 Change of controlling
                                                                                                      shareholder of ECI from
                                            Charming Pharmacy Retail                                  previously Charming
                                            Management Sdn.Bhd. a                                     Pharmacy Retail
                                            company incorporated and                                  Management Sdn.Bhd. to
                                            established under the laws of                             Indo Ventures Indonesia
                                            Malaysia, having its registered                           Sdn. Bhd.
                                            address at 22-09, Menara 1
                                            MK, Number 1 Jalan Kiara, Mont
                                            Kiara, 50480, Kuala Lumpur,
                                            Malaysia.




  Investasi                                                                     Investment
  Pendirian PT Master Selam Nusantara                                           Establishment of PT Master Selam Nusantara
  Pada tanggal 27 Januari 2023, Perseroan mendirikan PT                         On January 27, 2023, the Company established PT Master
  Master Selam Nusantara melalui PT Sinar Eka Selaras Tbk                       Selam Nusantara through PT Sinar Eka Selaras Tbk (SES),
  (SES) dimana SES memiliki 98,04% kepemilikan pada PT                          in which SES owned 98.04% ownership interests in PT
  Master Selam Nusantara. Modal yang disetorkan oleh SES                        Master Selam Nusantara. The capital contribution made
  adalah sebesar Rp50.000,000, sedangkan setoran modal dari                     by SES amounted to Rp50,000.000, while the capital
  kepentingan nonpengendali adalah sebesar Rp1.000.000.                         contribution from the non-controlling interests is amounted
                                                                                to Rp1,000,000.

  Pembelian surat obligasi konversi PT Inetindo Infocom                         Purchase of convertible bond PT Inetindo Infocom
  Pada tanggal 21 Februari 2023, Perseroan melalui PT Data                      On February 21, 2023, the Company through PT Data Citra
  Citra Mandiri (DCM) melakukan pembelian surat obligasi                        Mandiri (DCM) make a purchase of convertible bond of PT
  konversi milik PT Inetindo Infocom (Story-I) sebesar Rp16                     Inetindo Infocom (Story-I) amounting to Rp16 billion which
  miliar yang dapat dikonversi menjadi saham konversi pada                      can be converted into convertible shares on the maturiy date
  tanggal jatuh tempo dengan jangka waktu tiga (3) tahun                        with a term of three (3) years after the issuance date.
  setelah tanggal penerbitan.

  Transaksi dengan Pihak Berelasi                                               Transaction with Related Parties
  Dalam kegiatan usaha yang normal, Perseroan Perseroan                         In the normal course of business, the Company has engaged
  melakukan transaksi dengan pihak-pihak yang berelasi pada                     in transactions with related parties, which are conducted
  tingkat harga dan persyaratan yang disetujui kedua belah                      based on the agreed terms and conditions. Transaction with
  pihak. Transaksi dengan pihak-pihak berelasi dilakukan                        related parties are made based on terms agreed by the
  berdasarkan persyaratan yang disetujui oleh kedua belah                       parties, in which such terms may not be the same as those of
  pihak, dimana persyaratan tersebut mungkin tidak sama                         the transactions between unrelated parties.
  dengan transaksi lain yang dilakukan dengan pihak-pihak
  yang tidak berelasi.

  Seluruh transaksi dan saldo yang material dengan pihak-                       All material transactions and balances with related parties are
  pihak berelasi diungkapkan dalam catatan 33, Catatan atas                     disclosed in Note 33, Notes to the Company’s Consolidated
  Laporan Keuangan Konsolidasian Perseroan yang menjadi                         Financial Statements which are part of this Annual Report.
  bagian dari buku Laporan tahunan ini.




2023 ANNUAL REPORT                                                                                      P T E R A J AYA S WA S E M B A D A T B K                157
Page 160
            analisis & pembahasan manajemen




      TINJAUAN KEUANGAN
      FINANCIAL OVERVIEW



      Kebijakan Perseroan Terkait Mekanisme Review atas             Corporate Policy Regarding Transaction Review Mechanism
      Transaksi
      Mekanisme review terhadap seluruh transaksi yang              The mechanism to review all transactions carried out by the
      dijalankan Perseroan dengan pihak-pihak berelasi diterapkan   Company with related parties is implemented from the initial
      sejak tahap awal sebelum transaksi-transaksi tersebut         stage, prior to the transactions are carried out by involving
      dilakukan dengan melibatkan organ-organ pengawas seperti      supervisory organs, such as the Audit Committee and the
      Komite Audit dan Dewan Komisaris, hingga setelah transaksi    Board of Commissioners, until after the transactions are
      tersebut dilakukan baik melalui kegiatan audit internal       carried out either through internal audits or external audits.
      maupun audit eksternal.

      Pemenuhan Peraturan dan Ketentuan Terkait                     Compliance with Relevant Regulations and Provisions
      Seluruh transaksi dengan pihak-pihak berelasi sesuai dengan   All transactions with related parties are in accordance with the
      definisi yang diuraikan pada PSAK 7 (Penyesuaian 2015)        definition described in SFAS 7 (2015 Improvement) “Related
      “Pengungkapan Pihak Berelasi”. Transaksi berelasi tersebut    Party Disclosures”. These related transactions are business
      merupakan kegiatan usaha yang dijalankan dalam rangka         activities carried out in order to generate operating income
      menghasilkan pendapatan usaha dan dijalankan secara rutin,    and are carried out routinely, repeatedly and/or continuously.
      berulang, dan/atau berkelanjutan.

      Pernyataan Direksi atas Transaksi Berelasi Tahun 2023         Board Of Directors Statement on Affiliated Transactions In
                                                                    2023
      Direksi berpendapat seluruh transaksi berelasi Perseroan      The Board of Directors is of the opinion that all of the
      selama tahun 2023 sudah dilaksanakan pada nilai yang wajar    Company’s related transactions during 2023 were made
      (arm’s length) sesuai dengan regulasi dan standar akuntansi   at arm’s length in accordance with applicable financial
      keuangan yang berlaku di Indonesia, serta berlaku sama        accounting regulations and standards in Indonesia, and the
      apabila transaksi serupa dilakukan dengan pihak yang tidak    same was applied if similar transactions were made with
      berelasi.                                                     unrelated parties.

      Peran Dewan Komisaris dan Komite Audit              dalam     The Role of The Board of Commissioners and The Audit
      Mengawasi Jalannya Prosedur Transaksi Berelasi                Committee in Supervising the Affiliated Transaction
                                                                    Procedure
      Sebelum transaksi dengan pihak-pihak berelasi dilakukan,      Prior to transactions with related parties, the Board of
      Dewan Komisaris melalui Komite Audit melakukan telaah         Commissioners through the Audit Committee had reviewed
      dan memberikan saran kepada manajemen terkait rencana         and gave advices to the management regarding plans for
      transaksi-transaksi afiliasi yang berpotensi menimbulkan      affiliated transactions that had the potential to cause conflicts
      benturan kepentingan. Hal ini dilakukan sebagai bentuk        of interest. This was done as a form of internal control to
      pengendalian internal untuk memastikan terlaksananya          ensure the implementation of financial activities that uphold
      aktivitas keuangan yang menjunjung tinggi prinsip-prinsip     the principles of transparency and accountability, as well as
      transparansi dan akuntabilitas, serta untuk menjamin bahwa    to ensure that all transactions were made in accordance with
      semua transaksi tersebut sudah dilaksanakan sesuai dengan     generally accepted business practices between and comply
      praktik bisnis yang berlaku umum antara dan memenuhi          with the arm’s length principle.
      prinsip transaksi yang wajar (arm’s length principle).

      Transaksi yang Mengandung Benturan Kepentingan                Transactions Involving Conflict of Interest
      Tidak terdapat transaksi material yang mengandung benturan    There were no material transactions that contained conflict of
      kepentingan di sepanjang tahun 2023.                          interest throughout 2023.




158      P T E R A J AYA S WA S E M B A D A T B K                                                      L A P O R A N TA H U N A N 2 0 2 3
Page 161
                                                                            m a n a g e m e n t d i s c u s s i o n & a n a ly s i s




  PERUBAHAN PERATURAN PERUNDANG-                                             CHANGE IN LAWS AND REGULATIONS AND THE
  UNDANGAN DAN DAMPAKNYA TERHADAP                                            IMPACTS ON THE COMPANY
  PERUSAHAAN
  Pada tahun 2023, tidak terdapat perubahan perundang-                       In 2023, there was no change in regulation with a significant
  undangan yang berpengaruh signifikan terhadap Perseroan.                   impact on the Company.

  PENERAPAN PERUBAHAN KEBIJAKAN AKUNTANSI                                    APPLICATION OF CHANGES IN ACCOUNTING
                                                                             POLICIES
  Pada tahun 2023, Perseroan menerapkan pertama kali                         In 2023, the Company made first adoption of all new and/
  seluruh standar baru dan/atau yang direvisi yang berlaku                   or revised standards effective for the periods beginning on
  untuk periode yang dimulai pada atau setelah 1 Januari 2023,               or after 1 January 2023, including the following revised
  termasuk standar yang direvisi berikut ini:                                standards:


                         Perubahan/Revisi                                                   Dampak terhadap Perseroan
    No.
                        Amendment/Revisions                                                   Impact on the Company


     1    Amandemen PSAK 1: Penyajian laporan keuangan        Amandemen tersebut berdampak pada pengungkapan kebijakan akuntansi Perseroan,
          - Pengungkapan Kebijakan Akuntansi                  namun tidak berdampak pada pengukuran, pengakuan atau penyajian item apa pun
                                                              dalam laporan keuangan Perseroan.

          Amendment of PSAK 1: Presentation of financial      The amendments have had an impact on the Company’s disclosures of accounting
          statement - Disclosure of accounting policies       policies, but not on the measurement, recognition or presentation of any items in the
                                                              Company’s financial statements.

     2    Amandemen PSAK 25: Kebijakan Akuntansi,             Amandemen ini tidak memiliki dampak terhadap laporan keuangan konsolidasian
          Perubahan Estimasi Akuntansi, dan Kesalahan         Perseroan.
          terkait Definisi Estimasi Akuntansi

          Amendment of PSAK 25: Accounting Policies,          The amendments had no impact on the Company’s consolidated financial statements.
          Changes in Accounting Estimates and Errors -
          Definition of Accounting Estimates

     3    Amandemen PSAK 46: Pajak Penghasilan -              Pada tanggal 31 Desember 2023, perundang-undangan terkait pajak penghasilan Pilar
          Reformasi Pajak Internasional – Ketentuan Model     Dua belum diberlakukan atau secara substantif belum diberlakukan di Indonesia. Oleh
          Pilar Dua                                           karena itu, Perseroan masih dalam proses melakukan penilaian atas potensi eksposur
                                                              pajak penghasilan Pilar Dua. Potensi eksposur pajak penghasilan Pilar Dua, jika ada,
                                                              saat ini tidak diketahui atau dapat diperkirakan secara wajar.

          Amendment of PSAK 46: Income Taxes -                As of December 31, 2023, the Pillar Two income taxes legislation has not yet been
          International Tax Reform - Pillar Two Model Rules   enacted or has not yet substantively enacted in Indonesia. Therefore, the Company
                                                              is still in the process of assessing the potential exposure to Pillar Two income taxes.
                                                              The potential exposure, if any, to Pillar Two income taxes is currently not known or
                                                              reasonably estimable.




2023 ANNUAL REPORT                                                                                   P T E R A J AYA S WA S E M B A D A T B K           159
Page 162

          
Page 163
05
TATA
KELOLA
PERUSAHAAN
CO R PO RAT E G OVE RN A N CE




P T E R A J AYA S WA S E M B A D A T B K   L A P O R A N TA H U N A N 2 0 2 3
Page 164
            tata k e l o l a p e r u s a h a a n




      TATA
      KELOLA
      PERUSAHAAN
      CORPORATE GOVERNANCE

      “Dewasa ini, peran tata kelola
      perusahaan yang baik (good corporate
      governance/GCG) semakin krusial
      sebagai komponen inti dari ESG yang
      berkaitan dengan proses pengambilan
      keputusan yang bertanggung jawab dan
      mempertimbangkan hak dan kepentingan
      seluruh pemangku kepentingan. Selain
      itu, perhatian investor terhadap elemen
      GCG dalam investasi ESG semakin
      berkembang dengan peningkatan
      fokus pada perbaikan penerapan tata
      kelola yang berkesinambungan untuk
      memastikan bahwa perusahaan telah
      memenuhi tanggung jawabnya terhadap
      aspek lingkungan dan sosial.”
      “Nowadays, the role of good corporate governance (GCG) is
      increasingly crucial as a core component of ESG which is related to
      the responsible decision-making process and considers the rights
      and interests of all stakeholders. In addition, investor attention to
      GCG elements in ESG investments is evolving with an increased
      focus on improving the implementation of sustainable governance
      as a way of ensuring that companies have met their responsibilities
      on environmental and social aspects.”


      Perseroan memastikan bahwa penerapan GCG                   The Company ensures that the implementation of GCG
      dilaksanakan pada seluruh aspek kegiatan usaha             is carried out in all aspects of the Company’s business
      Perseroan dengan kualitas yang terus ditingkatkan dari     activities with quality continuously improving from time
      waktu ke waktu.                                            to time.

      Untuk mendukung konsistensi penerapan GCG di               To support the consistency of GCG implementation in all
      seluruh proses bisnis, Perseroan telah memiliki berbagai   business processes, the Company has had a number of
      kebijakan dan peraturan turunan lainnya. Secara berkala,   policies and other derivative regulations. The Company
      Perseroan melakukan evaluasi atas penerapan GCG            periodically evaluates the GCG implementation and
      serta menyempurnakan pedoman GCG dan prosedur              improves GCG soft structures and standard operating
      operasi standar (“SOP”) untuk memastikan tata kelola       procedures (“SOP”) to ensure that company’s govenance
      perusahaan yang semakin baik.                              is improving.



162      P T E R A J AYA S WA S E M B A D A T B K                                                         L A P O R A N TA H U N A N 2 0 2 3
Page 165
                                                                                       corporate governance




    PANDUAN GCG
    GCG SOFT STRUCTURES

    Agar penerapan GCG di Perseroan senantiasa berjalan        For the implementation of GCG in the Company to
    efektif maka selain memastikan kelengkapan infrastruktur   continue running effectively, in addtition to ensuring
    GCG, Perseroan juga memiliki pedoman dan kebijakan         the completness of GCG infrastructure, the Company
    GCG yang memadai baik di tingkat Perseroan maupun          also has adequate GCG guidelines at both the Company
    entitas anak sebagai dasar atau acuan bagi seluruh insan   and subsidiary levels as a basis or reference for all the
    Perseroan dalam mengelola perusahaan.                      Company’s people in managing the company.




2023 ANNUAL REPORT                                                                    P T E R A J AYA S WA S E M B A D A T B K   163
Page 166
        tata k e l o l a p e r u s a h a a n




                   Kebijakan Tata Kelola


      01                                               02                                             03
                                                               Pedoman Perilaku, diterbitkan                             Pedoman Kerja Direksi,
                   Perusahaan, diterbitkan
                                                               pada 30 April 2018                                        diterbitkan pada 2015
                   pada 2015
                                                               Code Conduct, issued on April                             Board of Directors Charter,
                   Corporate Governance Policy,
                                                               30, 2018                                                  issued in 2015
                   issued in 2015




      09                                                                                                             04
                 Kebijakan
                 Lingkungan,
                 Sosial, dan
                                                                                                                                        Pedoman Kerja
                 Kesehatan &
                                                                                                                                        Dewan Komisaris,
                 Keselamatan,
                                                                                                                                        diterbitkan pada
                 diterbitkan pada
                                                                                                                                        2015
                 14 November
                 2022                                                                                                                   Board of
                                                                                                                                        Commissioners
                 Environmental,
                                                                                                                                        Charter, issued in
                 Social, and Health
                                                                                                                                        2015

                                                           GCG
                 and Safety Policy
                 Issued on 14

                                                        GUIDELINES
                 November 2022




      08         Kebijakan
                 Komunikasi
                                                                                                                     05                 Pedoman Kerja
                                                                                                                                        Komite Audit,
                 dengan                                                                                                                 diterbitkan pada
                 Pemegang Saham                                                                                                         2015
                 Policy on                                                                                                              Audit Committee
                 Communication                                                                                                          Charter, issued in
                 with Shareholders                                                                                                      2015




      07                                                                   06
                                                                                               Piagam Unit Audit Internal,
                        Sistem Pelaporan Pelanggaran
                                                                                               diterbitkan pada 2018
                        Whistleblowing System
                                                                                               Internal Audit Charter, issued in 2018




                  SOSIALISASI KEBIJAKAN GCG
                  DISSEMINATION OF GCG SOFT STRUCTURES


                                                            Kepatuhan atas panduan GCG yang sudah disepakati merupakan tanggung
                                                            jawab bersama seluruh pemangku kepentingan baik di internal Perseroan
                                                            maupun pihak eksternal yang menjalin hubungan kerja dengan Perseroan.
                                                            Perseroan melakukan sosialisasi Kebijakan Tata Kelola Perusahaan secara
                                                            berkesinambungan baik kepada pihak internal maupun eksternal. Sosialisasi
                                                            terhadap pihak internal dititikberatkan pada adanya pemahaman, timbulnya
                                                            kesadaran dan kebutuhan untuk menerapkan Kebijakan Tata Kelola Perusahaan
                                                            secara konsisten. Sosialisasi kepada pihak eksternal ditujukan untuk memberikan
                                                            pemahaman tentang cara kerja sesuai Kebijakan Tata Kelola Perusahaan yang
                                                            berlaku di Perusahaan.

                                                            Compliance with agreed GCG guidelines is the collective responsibility of all
                                                            stakeholders, both internal to the Company and external parties who have a
                                                            working relationship with the Company. The Company carries out continuous
                                                            socialization of the Corporate Governance Policy to both internal and external
                                                            parties. Socialization to internal parties is focused on understanding, raising
                                                            awareness and the need to implement Corporate Governance Policies
                                                            consistently. Socialization to external parties is aimed at providing an
                                                            understanding of how to work in accordance with the Corporate Governance
                                                            Policy that applies in the Company.




164   P T E R A J AYA S WA S E M B A D A T B K                                                                       L A P O R A N TA H U N A N 2 0 2 3
Page 167
                                                                                            corporate governance




  STRUKTUR TATA KELOLA
  GOVERNANCE STRUCTURE

  “Sebagai perseroan terbatas yang didirikan berdasarkan hukum
  Indonesia, Perseroan memiliki 3 (tiga) organ utama perusahaan
  yang terdiri dari Rapat Umum Pemegang Saham, Dewan
  Komisaris, dan Direksi. Setiap organ Perseroan memiliki tugas dan
  wewenangnya masing-masing dan independen dalam menjalankan
  tugas dan wewenangnya sesuai dengan Anggaran Dasar Perseroan
  serta peraturan perundangan yang berlaku.”

  “As an Indonesian limited liability company, the Company has 3 (three) corporate main bodies comprising the
  General Meeting of Shareholders, the Board of Commissioners, and the Board of Directors. Each body of the
  Company has its respective duties and authorities with independence to carry out its respective duties and
  authorities in accordance with the Company’s Articles of Association and prevailing laws and regulations.”




                                  Rapat Umum Pemegang Saham
                                  General Meeting of Shareholders




           Dewan Komisaris                                                               Direksi
         Board of Commissioners                                                     Board of Directors


                                                                                                                    Organ Utama Perusahaan
                                                                                                                   Company Main Organization

                                                                                                                Organ Pendukung Perusahaan
                                                                                                                Company Support Organization




             Komite Audit                          Sekretaris Perusahaan                                        Internal Audit
            Audit Committee                         Corporate Secretary                                          Internal Audit




                                                                            Komite Pengembangan Usaha Baru
                                                                           New Business Development Committee




2023 ANNUAL REPORT                                                                         P T E R A J AYA S WA S E M B A D A T B K            165
Page 168
            tata k e l o l a p e r u s a h a a n




      RAPAT UMUM PEMEGANG SAHAM
      GENERAL MEETING OF SHAREHOLDERS

      “Rapat Umum Pemegang Saham (“RUPS”) merupakan organ
      tertinggi yang memiliki hak dan kewenangan yang tidak diberikan
      kepada Direksi dan Dewan Komisaris, dengan batasan yang
      ditentukan dalam peraturan perundang-undangan dan/atau
      Anggaran Dasar Perseroan.”

      “General Meeting of Shareholders (“GMS”) is the highest organ with rights and authorities that are not
      granted to the Board of Directors and the Board of Commissioners, within limitations determined in laws and
      regulations and/or the Company’s Articles of Association.”



      RUPS terdiri dari RUPS Tahunan (“RUPST”) yang diselenggarakan           The GMS consists of the Annual GMS (“AGMS”) held every year
      setiap tahun paling lambat 6 (enam) bulan setelah tahun buku            no later than 6 (six) months after the closing of the Company’s
      Perseroan ditutup atau batas waktu lainnya dalam kondisi                financial year or other deadline under certain conditions as
      tertentu sebagaimana ditetapkan oleh OJK, dan RUPS Luar                 determined by the OJK, and Extraordinary GMS (“EGMS”) which
      Biasa (“RUPSLB”) yang dapat dilaksanakan sewaktu-waktu                  can be held at any time if necessary.
      berdasarkan kebutuhan.

      Pada tahun 2023 Perseroan menyelenggarakan 1 (satu) kali                In 2023, the Company held 1 (one) AGMS and 1 (one) EGMS.
      RUPST dan 1 (satu) kali RUPSLB.

      PELAKSANAAN RUPST 2023                                                  2023 AGMS IMPLEMENTATION


       Tanggal Pelaksanaan                     30 Juni 2023                                        30 June 2023
       Implementation Date

       Waktu                                   10.01 – 11.05 WIB                                   10.01 – 11.05 WIB
       Time

       Lokasi                                  Erajaya Plaza, Jalan Bandengan Selatan nomor 20,    Erajaya Plaza, Jalan Bandengan Selatan nomor 20,
       Location                                Pekojan, Tambora, Jakarta Barat.                    Pekojan, Tambora, Jakarta Barat.

       Mata Acara                              1. Persetujuan Laporan Tahunan & Keberlanjutan      1. Approval to the Company’s Annual Report for
       Agenda                                     dan     Pengesahan       Laporan     Keuangan       the financial year 2022 and ratification of the
                                                  Konsolidasian Perseroan untuk tahun buku yang       Company's Consolidated Financial Statements
                                                  berakhir pada tanggal 31 Desember 2022.             for the fiscal year ended December 31, 2022.
                                               2. Persetujuan atas penetapan penggunaan laba       2. Approval on determination of the use of the
                                                  bersih Perseroan yang dapat diatribusikan           Company's net profit attributable to the owners
                                                  kepada pemilik Entitas Induk Perseroan periode      of the Company's Parent Entity for the fiscal year
                                                  tahun buku yang berakhir pada tanggal 31            ended December 31, 2022.
                                                  Desember 2022.                                   3. Delegation the authority to the Board of
                                               3. Pelimpahan     wewenang      kepada    Dewan        Commissioners of the Company for the
                                                  Komisaris Perseroan untuk Penunjukan Kantor         Appointment of a Public Accountant Firm
                                                  Akuntan Publik yang akan melakukan audit            that will audit the Company's Consolidated
                                                  Laporan Keuangan Konsolidasian Perseroan            Financial Statements for the fiscal year of 2023
                                                  untuk Tahun Buku 2023 dan menetapkan                and determine the honorarium of the Public
                                                  honorarium Kantor Akuntan Publik serta              Accounting Firm and other requirements.
                                                  persyaratan lainnya.                             4. Determination of honorarium and/or other
                                               4. Penetapan honorarium dan/atau tunjangan             benefits for the Company's Board of
                                                  lainnya bagi Dewan Komisaris Perseroan              Commissioners and delegation of authority
                                                  dan pelimpahan wewenang kepada Dewan                to the Company's Board of Commissioners to
                                                  Komisaris    Perseroan    untuk   menetapkan        determine remuneration and other benefits for
                                                  remunerasi dan tunjangan lainnya bagi Anggota       the Company's respective Board of Directors for
                                                  Direksi Perseroan masing-masing untuk Tahun         Fiscal Year 2023.
                                                  Buku 2023.                                       5. Approval of the Changes in the Company's
                                               5. Persetujuan atas Perubahan Susunan Pengurus         Management Composition.
                                                  Perseroan.




166      P T E R A J AYA S WA S E M B A D A T B K                                                                      L A P O R A N TA H U N A N 2 0 2 3
Page 169
                                                                                                         corporate governance




   Kuorum                                       RUPST dihadiri oleh para pemegang saham atau           The AGMS were attended by the shareholders or
   Quorum                                       kuasa pemegang saham Perseroan yang sah                authorized shareholders of the Company amounting
                                                berjumlah 11.857.750.740 saham atau                    to 11.857.750.740 shares or 75.12% of all issued
                                                sebesar 75,12% dari seluruh saham yang telah           and fully paid-up shares in the Company after
                                                ditempatkan dan disetor penuh dalam Perseroan          deducting the portion of Treasury Stock owned by
                                                setelah dikurangi Treasury Stock sebesar               the Company as much as 166,515,100 shares.
                                                166.515.100 saham.

   Kehadiran Direksi dan Dewan Komisaris        Seluruh anggota Direksi dan Dewan Komisaris hadir      All members of the Board of Directors and Board
   Attendance of the Board of Directors and     di dalam rapat baik secara fisik maupun secara         of Commissioners were present at the meeting both
   the Board of Commissioners                   daring melalui media teleconference.                   physically and online via teleconference.

                                                Direksi|Board of Directors
                                                Direktur Utama | President Director: Budiarto Halim
                                                Wakil Direktur Utama | Vice President Director: Hasan Aula
                                                Wakil Direktur Utama | Vice President Director: Joy Wahjudi
                                                Direktur | Director: Sintawati Halim
                                                Direktur | Director: Sim Chee Ping
                                                Direktur | Director: Djohan Sutanto
                                                Direktur | Director: Jong Woon Kim

                                                Dewan Komisaris|Board of Commissioners
                                                Komisaris Utama | President Commissioner: Ardy Hady Wijaya
                                                Komisaris | Commissioner: Richard Halim Kusuma
                                                (hadir secara daring melalui media telekonferensi | present online through media teleconferences)
                                                Komisaris Independen | Independent Commissioner: Lim Bing Tjay
                                                Komisaris Independen | Independent Commissioner: I Gusti Putu Suryawirawan

   Pimpinan Rapat                               Rapat dipimpin oleh Bapak Lim Bing Tjay                The meeting was chaired by Mr. Lim Bing Tjay
   Chairman of the Meeting                      (Komisaris Independen) berdasarkan SK Dewan            (Independent Commissioner) based on the Decree
                                                Komisaris No. 024/ERAA/SK-KOM.V/2023 tanggal           of the Board of Commissioners No. 024/ERAA/
                                                8 Juni 2023 tentang Penunjukan Pimpinan RUPS,          SK-KOM.V/2023 dated 8 June 2023 regarding
                                                dan pemaparan agenda dan penjelasan rapat              the Appointment of the Chairperson of the GMS,
                                                disampaikan oleh Bapak Hasan Aula (Wakil               and the presentation of the meeting agenda and
                                                Direktur Utama).                                       explanation was delivered by Mr. Hasan Aula (Vice
                                                                                                       President Director).

   Pihak Independen dalam Perhitungan           Perseroan menunjuk Notaris RM Dendy Soebangil,         The Company appointed Public Notary RM
   Suara                                        S.H., M.Kn. dan Biro Administrasi Efek, PT Raya        Dendy Soebangil, S.H., M.Kn. and the Securities
   Independent Party in Vote Counting           Saham Registra, sebagai pihak Independen untuk         Administration Bureau, PT Raya Saham Registra,
                                                menghitung dan/atau melakukan validasi suara di        as Independent parties to calculate and/or validate
                                                dalam Rapat.                                           votes in the Meeting.

   Risalah RUPST                                Risalah Rapat dituangkan dalam Akta Pernyataan         The Minutes of Meeting is stated in the Deed
   AGMS Minutes                                 Keputusan Rapat Umum Pemegang Saham                    of the Statement of Resolutions of the Annual
                                                Tahunan PT Erajaya Swasembada Tbk nomor 23             General Meeting of Shareholders of PT Erajaya
                                                tanggal 30 Juni 2023 yang dibuat oleh RM Dendy         Swasembada Tbk number 23 dated 30 June 2023
                                                Soebangil, S.H., M.Kn., Notaris di Jakarta Selatan.    made by RM Dendy Soebangil, S.H., M.Kn., Notary
                                                                                                       in South Jakarta.


  HASIL PEMUNGUTAN SUARA UNTUK SETIAP MATA                                       VOTING RESULTS OF MEETING’S AGENDAS
  ACARA RAPAT
                                                             Setuju                           Tidak Setuju                          Abstain *)
                  Mata Acara
                                                             Agreed                             Disagreed                           Abstained
                   Agendum
                                                          (suara | vote)                      (suara | vote)                      (suara | vote)


                                                        11.458.859.631                                73.000                        398.818.109
   Mata Acara Pertama
   First Agendum
                                                               96,636%                                0,001%                             3,363%

                                                        11.074.816.640                         416.070.700                          366.863.400
   Mata Acara Kedua
   Second Agendum
                                                               93,397%                                3,509%                             3,094%

                                                        10.477.761.095                       1.013.126.245                          366.863.400
   Mata Acara Ketiga
   Third Agendum
                                                               88,362%                                8,544%                             3,094%

                                                        11.074.700.893                         416.108.000                          366.941.847
   Mata Acara Keempat
   Fourth Agendum
                                                               93,396%                                3,509%                             3,095%

                                                        11.087.187.761                         403.621.432                          366.941.547
   Mata Acara Kelima
   Fifth Agendum
                                                             93,5016%                              3,4039%                             3,0945%

   *) Sesuai POJK No.15/2020, suara abstain mengikuti suara mayoritas, jumlah tersebut merupakan perhitungan dari e-proxy KSEI dan BAE Perseroan
      In accordance with POJK No.15/2020, the vote abstained following the majority vote, this number is the calculation of the e-proxy of KSEI and the
      Company’s Registrar.




2023 ANNUAL REPORT                                                                                      P T E R A J AYA S WA S E M B A D A T B K             167
Page 170
            tata k e l o l a p e r u s a h a a n




      KEPUTUSAN RUPS TAHUNAN DAN REALISASI
                                Mata Acara Pertama                                                             First Agendum

      Menerima baik dan menyetujui Laporan Tahunan dan Keberlanjutan Tahun      Accept and approve the Annual and Sustainability Report for the fiscal
      Buku 2022 termasuk Laporan Tahunan Direksi dan Laporan Pengawasan         year 2022 including the Annual Report of the Board of Directors and
      Dewan Komisaris serta mengesahkan Laporan Keuangan Perseroan              the Supervisory Report of the Board of Commissioners and ratify the
      untuk tahun buku 2022 yang telah diaudit oleh Kantor Akuntan Publik       Company's Financial Statements for the fiscal year 2022 which have been
      Purwantono, Sungkoro & Surja, sebagaimana tercantum dalam laporan         audited by the Public Accounting Firm Purwantono, Sungkoro & Surja, as
      Auditor Independen Nomor: 00500/2.1032/AU.1/05/0704-2/1/III/2023          stated in the report of the Independent Auditor Number: 00500/2.1032/
      tanggal 31 Maret 2023 dengan pendapat wajar dalam semua hal yang          AU.1/05/0704-2/1/III/2023 dated on 31 March 2023 with a reasonable
      material, dengan demikian memberikan pembebasan dan pelunasan             opinion in all material matters thereby providing granting waivers and
      (Acquit et de Charge) kepada seluruh Anggota Direksi dan Dewan            repayments (Acquit et de Charge) to all Members of the Company’s
      Komisaris Perseroan dari tanggung jawab dan segala tanggungan atas        Board of Directors and Board of Commissioners from responsibility and
      tindakan pengurusan dan pengawasan yang telah mereka jalankan selama      all responsibility for the management and supervision actions they have
      tahun buku 2022 sepanjang tindakan mereka tercermin dalam laporan         carried out during the fiscal year 2022 as long as their actions are reflected
      keuangan Perseroan untuk tahun buku 2022 tersebut.                        in the Company's financial statements for the fiscal year 2022.

      Realisasi                                                                 Realization

      Telah selesai dilaksanakan.                                               Completed.



                                    Mata Acara Kedua                                                         Second Agendum

      Menyetujui penetapan penggunaan laba, laba tahun berjalan yang dapat      Approved the determination of the use of profit, profit for the current year
      diatribusikan kepada pemilik entitas induk Perseroan sebagai berikut:     attributable to the owners of the Company's parent entities as follows:
      a. Pembagian dividen tunai sebesar Rp19 setiap saham atau seluruhnya      a. Cash dividend distribution of Rp19 per share or a total of
         sebesar Rp299.886.213.100 sebelum pajak, yang akan dibayarkan atas        Rp299.886.213.100 before tax, which will be paid on 15.783.484.900
         15.783.484.900 saham dan memberikan kuasa kepada Direksi untuk            shares and authorize the Board of Directors to take all actions in
         melakukan segala tindakan sehubungan dengan pembagian dividen             connection with the distribution of the dividend.
         tersebut.                                                              b. In the amount of Rp1,000,000,000 as a reserve in accordance with
      b. Sebesar Rp1.000.000.000 sebagai cadangan sesuai Pasal 70 Undang-          Article 70 of the Limited Liability Company Law, and
         Undang Perseroan Terbatas, dan                                         c. The reminder is included as retained earnings.
      c. Sisanya dimasukan sebagai laba yang ditahan.

      Realisasi                                                                 Realization

      Telah selesai dilaksanakan.                                               Completed.



                                    Mata Acara Ketiga                                                         Third Agendum

      Menyetujui pemberian kuasa dan pelimpahan wewenang kepada Dewan           Approve the granting of power and delegation of authority to the Board
      Komisaris Perseroan untuk menunjuk Kantor Akuntan Publik yang terdaftar   of Commissioners of the Company to appoint a Public Accounting Firm
      di OJK untuk mengaudit Laporan Keuangan Konsolidasian Perseroan dan       registered with the OJK to audit the Consolidated Financial Statements of
      Entitas Anak untuk Tahun Buku yang berakhir pada tanggal 31 Desember      the Company and its Subsidiaries for the Financial Year ended December
      2023, dan memberikan kewenangan kepada Dewan Komisaris Perseroan          31, 2023, and authorize the Board of Commissioners of the Company
      untuk menetapkan honorarium Akuntan Publik dan/atau Kantor Akuntan        to determine the honorarium of the Public Accountant and/or Public
      Publik tersebut serta persyaratan lain penunjukannnya, dan menunjuk       Accounting Firm and other requirements for its appointment, and appoint
      Akuntan Publik dan/atau Kantor Akuntan Publik pengganti dalam hal         a public accountant and/or a replacement Public Accounting Firm in
      Akuntan Publik dan/atau Kantor Akuntan Publik yang telah ditunjuk         the case of a public accountant and/or a public accounting firm that has
      tersebut karena sebab apapun tidak dapat menyelesaikan tugas audit        been appointed for any reason unable to complete the audit task of the
      Laporan Keuangan Perseroan untuk Tahun Buku 2023.                         Company's Financial Statements for the Fiscal Year of 2023.

      Realisasi                                                                 Realization

      Telah selesai dilaksanakan.                                               Completed.




                                Mata Acara Keempat                                                            Fourth Agendum

      Menyetujui melimpahkan kewenangan kepada Pemegang Saham Utama             Approve to delegate the authority to the Company’s Major Shareholders
      untuk menetapkan gaji/honorarium dan tunjangan anggota Dewan              to determine the salaries/honorariums and allowances of members of the
      Komisaris, dan memberikan kewenangan kepada Dewan Komisaris untuk         Board of Commissioners and give authority to the Board of Commissioners
      menetapkan gaji, tunjangan, tugas dan wewenang Direksi Perseroan.         to determine the salaries, benefits, duties and authorities of the Board of
                                                                                Directors of the Company.

      Realisasi                                                                 Realization

      Telah selesai dilaksanakan.                                               Completed.




168      P T E R A J AYA S WA S E M B A D A T B K                                                                           L A P O R A N TA H U N A N 2 0 2 3
Page 171
                                                                                                       corporate governance




                                 Mata Acara Kelima                                                         Fifth Agendum

   1. Menyetujui mengangkat Bapak Andreas Harun Djumadi sebagai              1. Approve the appointment of Mr. Andreas Harun Djumadi as
      Komisaris Perseroan terhitung sejak tanggal ditutupnya Rapat sampai       Commissioner of the Company starting from the closing date of this
      dengan akhir periode jabatan Dewan Komisaris Perseroan lainnya            Meeting until the end of the other term of office of the Company’s Board
      yaitu hingga penutupan RUPST Perseroan tahun buku 2026 yang akan          of Commissioners, namely until the closing of the Company’s AGMS
      diselenggarakan pada tahun 2027 dengan memperhatikan peraturan            for the financial year 2026 to be held in 2027 by taking into account
      Pasar Modal, namun dengan tidak mengurangi hak RUPS untuk                 Capital Market regulations, but without prejudice to the right of the
      memberhentikan yang bersangkutan sewaktu-waktu.                           GMS to dismiss the person concerned at any time.
   2. Menyetujui mengangkat Ibu Elly sebagai Direktur Perseroan terhitung    2. Approve the appointment of Mrs. Elly as Director of the Company
      sejak tanggal ditutupnya Rapat sampai dengan akhir periode jabatan        starting from the closing date of this Meeting until the end of the other
      Direksi Perseroan lainnya yaitu hingga penutupan RUPST Perseroan          term of office of the Board of Directors of the Company, namely until the
      tahun buku 2026 yang akan diselenggarakan pada tahun 2027                 closing of the Company’s AGMS for the financial year 2026 to be held
      dengan memperhatikan peraturan Pasar Modal, namun dengan tidak            in 2027 by taking into account Capital Market regulations, but without
      mengurangi hak RUPS untuk memberhentikan yang bersangkutan                prejudice to the right of the GMS to dismiss the person concerned at any
      sewaktu-waktu.                                                            time.
   3. Dan selanjutnya, menyetujui susunan Direksi dan Dewan Komisaris        3. And furthermore, approved the new composition of the Board of
      Perseroan yang baru terhitung sejak ditutupnya Rapat ini sampai           Directors and Board of Commissioners of the Company from the closing
      dengan penutupan RUPST Perseroan tahun buku 2026 yang akan                of this Meeting until the closing of the Company’s AGMS for the 2026
      diselenggarakan pada tahun 2027, menjadi sebagai berikut:                 financial year which will be held in 2027, to be as follows:

   Dewan Komisaris | Board of Commissioners
   Komisaris Utama | President Commissioner             : Ardy Hady Wijaya
   Komisaris | Commissioner                             : Richard Halim Kusuma
   Komisaris Independen | Independent Commissioner      : Lim Bing Tjay
   Komisaris Independen | Independent Commissioner      : I Gusti Putu Suryawirawan
   Komisaris | Commissioner                             : Andreas Harun Djumadi

   Direksi | Board of Directors
   Direktur Utama | President Director                  : Budiarto Halim
   Wakil Direktur Utama | Vice President Director       : Hasan Aula
   Wakil Direktur Utama | Vice President Director       : Joy Wahjudi
   Direktur | Director                                  : Sintawati Halim
   Direktur | Director                                  : Djohan Sutanto
   Direktur | Director                                  : Sim Chee Ping
   Direktur | Director                                  : Jong Woon Kim
   Direktur | Director                                  : Elly

   Realisasi                                                                 Realization

   Telah selesai dilaksanakan.                                               Completed.



  PELAKSANAAN RUPSLB 2023                                                      ANNUAL GMS RESOLUTIONS AND REALIZATION


   Tanggal Pelaksanaan                          6 September 2023                                    6 September 2023
   Implementation Date

   Waktu                                        10.14 – 11.37 WIB                                   10.14 – 11.37 WIB
   Time

   Lokasi                                       Erajaya Plaza, Jalan Bandengan Selatan nomor 20,    Erajaya Plaza, Jalan Bandengan Selatan nomor 20,
   Location                                     Pekojan, Tambora, Jakarta Barat.                    Pekojan, Tambora, Jakarta Barat.

   Mata Acara                                   1. Persetujuan atas Perubahan Susunan Direksi       1. Approval of the Changes in the Company's
   Agenda                                          Perseroan.                                          Board of Directors Composition.
                                                2. Persetujuan pengalihan sebagian Saham            2. Approval of the Partial Transfer of Treasury
                                                   Treasuri   melalui   pelaksanaan  Program           Stock owned by the Company through the
                                                   Kepemilikan Saham oleh Manajemen dan                implementation of the Management and
                                                   Karyawan (Management and Employee Stock             Employee Stock Ownership Program or MESOP.
                                                   Ownership Program atau MESOP).

   Kuorum                                       RUPST dihadiri oleh para pemegang saham atau        The AGMS were attended by the shareholders or
   Quorum                                       kuasa pemegang saham Perseroan yang sah             authorized shareholders of the Company amounting
                                                berjumlah 11.496.849.817 saham atau                 to 11,496,849,817 shares or 72.84% of all issued
                                                sebesar 72,84%% dari seluruh saham yang telah       and fully paid-up shares in the Company after
                                                ditempatkan dan disetor penuh dalam Perseroan       deducting the portion of Treasury Stock owned by
                                                setelah dikurangi Treasury Stock sebesar            the Company as much as 166,515,100 shares.
                                                166.515.100 saham.




2023 ANNUAL REPORT                                                                                    P T E R A J AYA S WA S E M B A D A T B K              169
Page 172
            tata k e l o l a p e r u s a h a a n




      Kehadiran Direksi dan Dewan Komisaris        Direksi | Board of Directors
      Attendance of the Board of Directors and     Wakil Direktur Utama | Vice President Director: Hasan Aula
      the Board of Commissioners                   Wakil Direktur Utama | Vice President Director: Joy Wahjudi
                                                   Direktur | Director: Sintawati Halim
                                                   Direktur | Director: Djohan Sutanto
                                                   Direktur | Director: Elly

                                                   Dewan Komisaris | Board of Commissioners
                                                   Komisaris Utama | President Commissioner: Ardy Hady Wijaya
                                                   Komisaris | Commissioner: Richard Halim Kusuma
                                                   Komisaris Independen | Independent Commissioner: Lim Bing Tjay
                                                   Komisaris Independen | Independent Commissioner: I Gusti Putu Suryawirawan
                                                   Komisaris | Commissioner: Andreas Harun Djumadi

                                                   Tidak Hadir | Not present
                                                   Budiarto Halim (Direktur Utama | President Director)
                                                   Sim Chee Ping (Direktur | Director)
                                                   Jong Woon Kim (Direktur | Director)

      Pimpinan Rapat                               Rapat dipimpin oleh Bapak Andreas Harun Djumadi         The meeting was chaired by Mr. Andreas Harun
      Chairman of the Meeting                      (Komisaris) berdasarkan SK Dewan Komisaris              Djumadi (Commissioner) based on the Decree of
                                                   No. 053/ERAA/SK-KOM.VIII/2023 tanggal 15                the Board of Commissioners No. 053/ERAA/SK-
                                                   Agustus 2023 tentang Penunjukan Pimpinan                KOM.VIII/2023 dated 15 August 2023 regarding
                                                   RUPS, dan pemaparan agenda dan penjelasan               the Appointment of the Chairperson of the GMS,
                                                   rapat disampaikan oleh Bapak Hasan Aula (Wakil          and the presentation of the meeting agenda and
                                                   Direktur Utama).                                        explanation was delivered by Mr. Hasan Aula (Vice
                                                                                                           President Director).

      Pihak Independen dalam Perhitungan           Perseroan menunjuk Notaris RM Dendy Soebangil,          The Company appointed Public Notary RM
      Suara                                        S.H., M.Kn. dan Biro Administrasi Efek, PT Raya         Dendy Soebangil, S.H., M.Kn. and the Securities
      Independent Party in Vote Counting           Saham Registra, sebagai pihak Independen untuk          Administration Bureau, PT Raya Saham Registra,
                                                   menghitung dan/atau melakukan validasi suara di         as Independent parties to calculate and/or validate
                                                   dalam Rapat.                                            votes in the Meeting.

      Risalah RUPSLB                               Risalah Rapat dituangkan dalam Akta Pernyataan          The Minutes of Meeting is stated in the Deed of
      EGMS Minutes                                 Keputusan Rapat Umum Pemegang Saham Luar                the Statement of Resolutions of the Extraordinary
                                                   Biasa PT Erajaya Swasembada Tbk nomor 04                General Meeting of Shareholders of PT Erajaya
                                                   tanggal 6 September 2023 yang dibuat oleh RM            Swasembada Tbk number 04 dated 6 September
                                                   Dendy Soebangil, S.H., M.Kn., Notaris di Jakarta        2023 made by RM Dendy Soebangil, S.H., M.Kn.,
                                                   Selatan.                                                Notary in South Jakarta.


      HASIL PEMUNGUTAN SUARA UNTUK SETIAP MATA                                      VOTING RESULTS OF MEETING’S AGENDAS
      ACARA RAPAT


                                                                Setuju                           Tidak Setuju                           Abstain *)
                     Mata Acara
                                                                Agreed                             Disagreed                            Abstained
                      Agendum
                                                             (suara | vote)                      (suara | vote)                       (suara | vote)


                                                           11.236.643.317                          90.684.400                           169.552.100
      Mata Acara Pertama
      First Agendum
                                                                   97,74%                                  0,79%                              1,47%

                                                           10.149.212.686                       1.178.115.031                           169.552.100
      Mata Acara Kedua
      Second Agendum
                                                                   88,28%                                 10,25%                              1,47%

      *) Sesuai POJK No.15/2020, suara abstain mengikuti suara mayoritas, jumlah tersebut merupakan perhitungan dari e-proxy KSEI dan BAE Perseroan.
         In accordance with POJK No.15/2020, the vote abstained following the majority vote, this number is the calculation of the e-proxy of KSEI and the
         Company’s Registrar.




170      P T E R A J AYA S WA S E M B A D A T B K                                                                             L A P O R A N TA H U N A N 2 0 2 3
Page 173
                                                                                                         corporate governance




  KEPUTUSAN RUPS LUAR BIASA DAN REALISASI                                       EXTRAORDINARY GMS RESOLUTIONS AND
                                                                                REALIZATION
                             Mata Acara Pertama                                                              First Agendum

   1. Menyetujui mengangkat Ibu Mitchella Ardy Hady Wijaya sebagai             1. Approve the appointment of Ms. Mitchella Ardy Hady Wijaya as
      Direktur Perseroan terhitung sejak tanggal ditutupnya Rapat sampai          Director of the Company starting from the closing date of Meeting until
      dengan akhir periode jabatan Dewan Direksi Perseroan lainnya yaitu          the end of the other term of office of the Company's Board of Directors,
      hingga penutupan RUPST Perseroan tahun buku 2026 yang akan                  namely until the closing of the Company's AGMS for the financial
      diselenggarakan pada tahun 2027 dengan memperhatikan peraturan              year 2026 to be held in 2027 by taking into account Capital Market
      Pasar Modal, namun dengan tidak mengurangi hak RUPS untuk                   regulations, but without prejudice to the right of the GMS to dismiss the
      memberhentikan yang bersangkutan sewaktu-waktu.                             person concerned at any time.
   2. Menyetujui mengangkat Bapak Keith Ardy Hady Wijaya sebagai Direktur      2. Approve the appointment of Mr. Keith Ardy Hady Wijaya as Director
      Perseroan terhitung sejak tanggal ditutupnya Rapat sampai dengan            of the Company starting from the closing date of Meeting until the end
      akhir periode jabatan Direksi Perseroan lainnya yaitu hingga penutupan      of the other term of office of the Board of Directors of the Company,
      RUPST Perseroan tahun buku 2026 yang akan diselenggarakan pada              namely until the closing of the Company's AGMS for the financial
      tahun 2027 dengan memperhatikan peraturan Pasar Modal, namun                year 2026 to be held in 2027 by taking into account Capital Market
      dengan tidak mengurangi hak RUPS untuk memberhentikan yang                  regulations, but without prejudice to the right of the GMS to dismiss the
      bersangkutan sewaktu-waktu.                                                 person concerned at any time.
   3. Menyetujui susunan Direksi Perseroan yang baru terhitung sejak           3. And furthermore, approved the new composition of the Board of
      ditutupnya Rapat sampai dengan penutupan RUPST Perseroan tahun              Directors of the Company from the closing of Meeting until the closing
      buku 2026 yang akan diselenggarakan pada tahun 2027, menjadi                of the Company's AGMS for the 2026 financial year which will be held
      sebagai berikut:                                                            in 2027, to be as follows:

   Direksi | Board of Directors
   Direktur Utama | President Director                  : Budiarto Halim
   Wakil Direktur Utama | Vice President Director       : Hasan Aula
   Wakil Direktur Utama | Vice President Director       : Joy Wahjudi
   Direktur | Director                                  : Sintawati Halim
   Direktur | Director                                  : Djohan Sutanto
   Direktur | Director                                  : Sim Chee Ping
   Direktur | Director                                  : Jong Woon Kim
   Direktur | Director                                  : Elly
   Direktur | Director                                  : Mitchella Ardy Hady Wijaya
   Direktur | Director                                  : Keith Ardy Hady Wijaya

   4. Menyetujui memberikan kuasa kepada Direksi perseroan dengan hak          4. Granted the Authorization to the Board of Directors of the company with
      substitusi untuk menyatakan kembali keputusan berkenaan dengan              the right of substitution to restate the decision regarding changes in the
      perubahan susunan anggota Direksi perseroan tersebut dihadapan              composition of the members of the company's board of directors before
      Notaris dan selanjutnya memberitahukannya kepada Menteri Hukum              a Public Notary and then notify it to the Minister of Law and Human
      dan Hak Asasi Manusia republik indonesia, dan untuk itu melakukan           Rights (”MOLHR”) of the Republic of Indonesia, and for that reason take
      segala tindakan yang diperlukan sesuai dengan peraturan perundang-          all necessary actions in accordance with laws and regulations.
      undangan.

   Realisasi                                                                   Realization

   Telah selesai dilaksanakan.                                                 Completed.



                                 Mata Acara Kedua                                                           Second Agendum

   1. Menyetujui Pengalihan sebagian Saham Treasuri yang dimilik oleh          1. Approve the Partial transfer a portion of Treasury Stock owned by
      Perseroan untuk Program Kepemilikan Saham Manajemen dan                     the Company for the Management and Employee Stock Ownership
      Karyawan Perseroan (Management and Employee Stock Ownership                 Program ("MESOP Program") with a maximum amount of 51,540,500
      Program) (“Program MESOP”) dengan jumlah sebanyak-banyaknya                 shares or 0.32% of the issued and fully paid-up capital in the Company.
      51.540.500 lembar saham atau 0,32% dari modal ditempatkan dan
      disetor penuh dalam Perseroan.
   2. Menyetujui memberikan kuasa kepada Dewan Komisaris Perseroan             2. Granted the Authorization to the Board of Commissioners of the
      untuk menyatakan realisasi pengeluaran saham treasuri Perseroan             Company to declare the realization of the issuance of the Company's
      sehubungan dengan pelaksanaan Program MESOP, kuasa tersebut                 Treasury Stock in connection with the implementation of the MESOP
      berlaku untuk jangka waktu sebagaimana diatur dalam peraturan dan           Program, the power of attorney is valid for a period as stipulated in
      ketentuan yang ada.                                                         existing rules and regulations.
   3. Menyetujui memberikan kewenangan kepada Direksi Perseroan untuk          3. Granted the Authorization to the Board of Directors of the Company
      melakukan segala tindakan yang diperlukan dalam melaksanakan                to take all actions necessary in implementing the resolutions of the
      keputusan Rapat termasuk untuk melakukan tindakan apapun                    Meeting including to take any action for and within the framework of the
      untuk dan dalam rangka Program MESOP, antara lain namun tidak               MESOP Program, including but not limited to, determining the criteria
      terbatas, menentukan kriteria dan pelaksanaan seleksi peserta, syarat       and implementation of participant selection, terms and conditions of
      dan ketentuan partisipasi dan hal-hal lain yang diperlukan dalam            participation and other matters needed in the implementation of the
      pelaksanaan Program MESOP.                                                  MESOP Program.

   Realisasi                                                                   Realization

   Hingga Laporan Tahunan ini diterbitkan, program MESOP belum                 Until this Annual Report was published, the MESOP program has not yet
   dilaksanakan.                                                               been implemented.


  INFORMASI MENGENAI KEPUTUSAN RUPS 1                                           INFORMATION REGARDING THE RESOLUTIONS OF
  (SATU) TAHUN SEBELUM TAHUN BUKU YANG                                          THE GMS 1 (ONE) YEAR BEFORE THE FISCAL YEAR
  DIREALISASIKAN PADA TAHUN BUKU ATAU BELUM                                     REALIZED IN THE FISCAL YEAR OR HAVE NOT BEEN
  DIREALISASIKAN                                                                REALIZED
  Seluruh Keputusan RUPS tahun 2022 telah direalisasikan                        All resolutions of the 2022 GMS have been well realized in
  dengan baik pada tahun 2022. Tidak ada Keputusan RUPS                         2022. There is no 2022 GMS Resolution which is realized in
  2022 yang direalisasikan pada tahun buku 2023 atau belum                      fiscal year 2023 or has not been realized.
  direalisasikan.
2023 ANNUAL REPORT                                                                                      P T E R A J AYA S WA S E M B A D A T B K               171
Page 174
              tata k e l o l a p e r u s a h a a n




      DIREKSI
      THE BOARD OF DIRECTORS

      “Direksi adalah organ utama Perseroan yang bertugas dan
      bertanggung jawab penuh atas pengurusan Perseroan demi
      tercapainya kepentingan terbaik Perseroan sesuai dengan maksud
      dan tujuan Perseroan yang ditetapkan dalam anggaran dasar.”

      “The Board of Directors is the main organ of the Company tasked with and fully responsible for managing the
      Company in order to achieve the best interests of the Company in accordance with the goals and objectives of
      the Company as stipulated in the articles of association.”




      KOMPOSISI DIREKSI                                                    COMPOSITION OF THE BOARD OF DIRECTORS
      Komposisi Direksi Perseroan pada 31 Desember 2023 adalah             The composition of the Company’s Board of Directors as of 31
      sebagai berikut:                                                     December 2023 is as follows:


                                                                                              Dasar Hukum Pengangkatan
                    Nama | Name                      Jabatan | Position
                                                                                               Legal Basis of Appointment


       Budiarto Halim                        Direktur Utama               Akta Berita Acara RUPST Nomor 08 Tanggal 23 Juni 2022.
                                             President Director           Deed of Minutes of the AGMS Number 08 dated 23 June 2022.

       Hasan Aula                            Wakil Direktur Utama
                                             Vice President Director

       Joy Wahjudi                           Wakil Direktur Utama
                                             Vice President Director

       Sintawati Halim                       Direktur
                                             Director

       Djohan Sutanto                        Direktur
                                             Director

       Sim Chee Ping                         Direktur
                                             Director

       Jong Woon Kim                         Direktur
                                             Director

       Elly                                  Direktur                     Akta Pernyataan Keputusan RUPST Nomor 23 Tanggal 30 Juni 2023.
                                             Director                     Deed of Decision Statement of the AGMS Number 23 dated 30 June
                                                                          2023.

       Mitchella Ardy Hady Wijaya            Direktur                     Akta Berita Acara RUPSLB Nomor 03 Tanggal 6 September 2023.
                                             Director                     Deed of Minutes of the EGMS Number 03 dated 6 September 2022.

       Keith Ardy Hady Wijaya                Direktur
                                             Director




172       P T E R A J AYA S WA S E M B A D A T B K                                                              L A P O R A N TA H U N A N 2 0 2 3
Page 175
                                                                                       corporate governance




  TUGAS DAN TANGGUNG JAWAB DIREKSI SECARA                         COLLEGIAL DUTIES AND RESPONSIBILITIES OF THE
  KOLEGIAL                                                        BOARD OF DIRECTORS
  Dalam melaksanakan tugas, tanggung jawabnya, dan                In carrying out its duties, responsibilities, and authorities, the
  wewenangnya      Direksi   senantiasa  berpegang    dan         Board of Directors always adheres to and is guided by the Board
  berpedoman pada Pedoman Kerja Direksi, Anggaran Dasar           of Directors Charter, the Company’s Articles of Association
  Perseroan dan peraturan perundang-undangan yang berlaku.        and the applicable laws and regulations. The collegial duties
  Tugas dan tanggung jawab kolegial Direksi sebagaimana           and responsibilities of the Board of Directors as stated in the
  tercantum pada Pedoman Kerja Direksi adalah sebagai             Board of Directors Charter are as follows:
  berikut:

  1. Memimpin, dan mengurus Perseroan sesuai dengan               1. To lead and manage the Company according to the
      tujuan Perseroan dan senantiasa berusaha meningkatkan          Company’s objectives and to continuously strive to improve
      efisiensi dan efektivitas Perseroan.                           the efficiency and effectiveness of the Company.
  2. Menguasai, memelihara dan mengurus kekayaan                  2. To take control, maintain, and manage the Company’s
      Perseroan.                                                     assets.
  3. Mengkaji visi, misi dan nilai-nilai luhur Perseroan secara   3. To review and approve (for any revision) on the vision,
      berkala dan memberikan persetujuan (apabila terdapat           mission, and values of the Company regularly.
      perubahan).
  4. Melaksanakan prinsip pengelolaan GCG dalam Perseroan.        4. To implement GCG management in the Company.
  5. Membantu Dewan Komisaris apabila diperlukan dalam            5. To assist the Board of Commissioners, if necessary, in the
      proses penunjukan penilai independen dalam proses              process of appointing an independent consultant as part
      assessment penerapan GCG di Perseroan.                         of the assessment of GCG implementation in the Company.
  6. Menyelenggarakan suatu sistem pengendalian internal          6. To implement an effective internal control system to protect
      yang efektif untuk mengamankan investasi dan aset              the Company’s investment and assets.
      Perseroan.
  7. Melaksanakan tugasnya dengan itikad baik untuk               7. To carry out their duties with good faith for the interests of
      kepentingan Perseroan dan sesuai dengan maksud dan             the Company and according to the purposes and objectives
      tujuan Perseroan, serta memastikan agar Perseroan              of the Company and to ensure that the Company carries
      melaksanakan tanggung jawab sosialnya serta                    out its social responsibility and takes into consideration
      memperhatikan kepentingan dari berbagai pemangku               the interests of other stakeholders pursuant to the law and
      kepentingan sesuai dengan ketentuan peraturan                  regulations.
      perundang-undangan.
  8. Untuk memenuhi syarat akuntabilitas, keterbukaan, dan        8. To fulfill its accountability, transparency, and proper
      tertib administrasi, Direksi wajib:                            administration requirements, the Board of Directors shall:
      a. Menyelenggarakan RUPS,                                      a. Organize GMS,
      b. Membuat daftar pemegang saham, daftar khusus,               b. Prepare shareholder list, special list, minutes of GMS,
           risalah RUPS dan risalah rapat Direksi,                      and the Board of Directors’ minutes of meeting,
      c. Membuat laporan tahunan dan laporan keuangan                c. Prepare the Company’s annual report and financial
           Perseroan,                                                   report,
      d. Memelihara seluruh daftar, risalah, dan dokumen             d. Maintain all lists, minutes and financial documents as
           keuangan Perseroan dan dokumen lainnya, serta                well as other documents, and
      e. Menyimpan seluruh daftar, risalah, dokumen                  e. Keep all lists, minutes, financial documents, and other
           keuangan Perseroan, dan dokumen lainnya di tempat            documents in the Company’s area.
           kedudukan Perseroan.
  9. Mengelola             Perseroan           dan        wajib   9. To manage the Company and be responsible for carrying
      mempertanggungjawabkan            pelaksanaan   tugasnya       out its duties to the shareholders/investors.
      kepada pemegang saham/pemilik modal.
  10. Mempertimbangkan risiko-risiko usaha dalam setiap           10. To take into consideration the business risks in each decision/
      pengambilan keputusan/ tindakan.                                action.
  11. Membangun dan melaksanakan program manajemen                11. To develop and implement the Company’s integrated risk
      risiko Perseroan secara terpadu yang merupakan bagian           management program as part of GCG implementation.
      dari pelaksanaan program GCG.
  12. Menyelenggarakan pengawasan internal, yakni dengan          12. To organize internal control, which is by establishing the
      membentuk Unit Audit Internal dan membuat Piagam                Internal Audit Unit and formulating an Internal Audit Charter.
      Audit Internal.
  13. Menjaga2 dan mengevaluasi kualitas fungsi pengawasan        13. To maintain and evaluate the quality of the Company’s
      internal serta secara periodik menyampaikan laporan             internal control function and periodically submit reports
      pelaksanaan fungsi pengawasan internal kepada Dewan             on the implementation of the Company’s internal control
      Komisaris.                                                      function to the Board of Commissioners.



2023 ANNUAL REPORT                                                                    P T E R A J AYA S WA S E M B A D A T B K          173
Page 176
            tata k e l o l a p e r u s a h a a n




      14. Menyelenggarakan fungsi Sekretaris Perusahaan serta                 14. To establish the Corporate Secretary function as well as
          menjaga dan mengevaluasi kualitas fungsi Sekretaris                     maintain and evaluate the quality of the CorporateSecretary’s
          Perusahaan.                                                             function.
      15. Apabila diperlukan atau diminta oleh Dewan Komisaris                15. If needed or requested by the Board of Commissioners
          melalui Komite Audit, Direksi membantu Dewan Komisaris                  through the Audit Committee, the Board of Directors assists
          dalam proses penunjukan calon auditor eksternal sesuai                  the Board of Commissioners in the process of appointing
          dengan ketentuan pengadaan barang dan jasa Perseroan.                   prospective external auditors according to the provisions
                                                                                  of the Company’s goods and services procurement.
      16. Bersama-sama dengan Dewan Komisaris memastikan                      16. Together with the Board of Commissioners ensure that
          bahwa auditor eksternal, auditor internal, dan Komite                   external auditors, internal auditors, and the Audit Committee,
          Audit, serta komite penunjang lainnya, memiliki akses                   as well as other supporting committees, have access to
          terhadap catatan akuntansi, data penunjang, dan                         accounting records, supporting data, and information about
          informasi mengenai Perseroan, sepanjang diperlukan                      the Company, as deemed necessary to carry out their duties.
          untuk melaksanakan tugasnya.
      17. Mempekerjakan, menetapkan besarnya gaji, memberikan                 17. To hire, determine the amount of salary, provide training,
          pelatihan, menetapkan jenjang karier, serta menentukan                  determine the career paths, and determine other work
          persyaratan kerja lainnya, tanpa memperhatikan                          requirements, regardless of ethnic background, religion,
          latar belakang etnik, agama, jenis kelamin, usia, atau                  gender, age, or any other special conditions that are governed
          keadaan khusus lainnya yang dilindungi oleh peraturan                   and protected by the laws and regulations.
          perundang-undangan.
      18. Menyediakan lingkungan kerja yang bebas dari segala                 18. To provide a working environment that is free from all forms
          bentuk tekanan (pelecehan) yang mungkin timbul                          of pressure (abuse) that may arise as a result of differences
          sebagai akibat perbedaan watak, keadaan pribadi, dan                    in individual character, personal circumstances, and cultural
          latar belakang kebudayaan seseorang.                                    background.
      19. Setiap anggota Direksi bertanggung jawab secara                     19. Each member Board of Directors is jointly liable for the
          tanggung renteng atas kerugian Perseroan yang                           Company’s losses caused by the fault or negligence by
          disebabkan oleh kesalahan atau kelalaian anggota Direksi                members of the Board of Directors when carrying out their
          dalam menjalankan tugasnya.                                             duties.




                     RUANG LINGKUP TUGAS ANGGOTA DIREKSI
                      SCOPE OF DUTIES OF MEMBER OF THE BOARD OF DIRECTORS



                   Direksi bertugas secara kolektif kolegial. Setiap anggota Direksi dapat melaksanakan tugas dan mengambil keputusan
                   namun keputusan Direksi merupakan tanggung jawab bersama. Agar dapat melaksanakan tugasnya secara lebih
                   efektif dan efisien, setiap anggota Direksi memiliki ruang lingkup dan tugas sesuai bidang dan kompetensinya.
                   Pelaksanaan tugas, wewenang dan tanggung jawab setiap anggota Direksi diatur di dalam Pedoman Kerja Direksi.

                   The Board of Directors performs its duties collectively collegially. Each member of the Board of Directors can carry
                   out their duties and make decisions; however, the decision of the Board of Directors is a shared responsibility. In order
                   to be able to carry out their duties more effectively and efficiently, each member of the Board of Directors has scope
                   and duties according to their fields and competencies. The implementation of duties, authorities and responsibilities
                   of each member of the Board of Directors is guided by the Board of Directors Charter.




174      P T E R A J AYA S WA S E M B A D A T B K                                                                  L A P O R A N TA H U N A N 2 0 2 3
Page 177
                                                                                                        corporate governance




   Budiarto Halim                                             Tata kelola perusahaan, audit internal.
   Direktur Utama & Group CEO                                 Corporate governance, internal audit.
   President Director & Group CEO

   Hasan Aula                                                 Akuntansi, pajak, sumber daya manusia, hukum, litigasi, dan bagian umum, Sekretaris
   Wakil Direktur Utama & Deputy Group CEO                    Perusahaan, relasi pemangku kepentingan.
   Vice President Director & Deputy Group CEO                 Accounting, tax, human resources, legal, litigation, and general affairs, Corporate
                                                              Secretary, stakeholder relations.

   Joy Wahjudi                                                Bisnis internasional, ritel & distribusi perangkat telekomunikasi
   Wakil Direktur Utama & CEO Erajaya Digital                 International business, retail & distribution of telecommunication devices.
   Vice President Director & CEO Erajaya DIgital

   Sintawati Halim                                            Keuangan & pengadaan.
   Direktur & Group CFO                                       Finance & procurement.
   Director & Group CFO

   Djohan Sutanto                                             Manajemen prinsipal.
   Direktur & CEO Erajaya Active Lifestyle                    Principal management.
   Director & CEO Erajaya Active Lifestyle

   Sim Chee Ping                                              Pemasaran, pengembangan usaha, manajemen rantai persediaan, teknologi informasi &
   Direktur & Group CSO                                       hubungan investor.
   Director & Group CSO                                       Marketing, business development, supply chain management, information technology &
                                                              investor relations.

   Jong Woon Kim                                              Ritel & distribusi perangkat telekomunikasi.
   Direktur & Deputy CEO Erajaya Digital                      Retail & distribution of telecommunication devices.
   Director & Deputy CEO Erajaya DIgital

   Elly                                                       Ritel & distribusi produk perawatan kecantikan, kesehatan serta produk-produk farmasi.
   Direktur & CEO Erajaya Beauty & Wellness                   Retail & distribution of beauty care, health, and pharmaceutical products.
   Director & CEO Erajaya Beauty & Wellness

   Mitchella Ardy Hady Wijaya                                 Operasional korporasi secara keseluruhan, asistensi sehubungan manajemen
   Direktur & Deputy COO                                      operasional.
   Director & Deputy COO                                      Overall corporate operations, assistance regarding operational management.

   Keith Ardy Hady Wijaya                                     Asistensi sehubungan dengan manajemen keuangan dan pengadaan korporasi secara
   Direktur & Deputy CFO                                      keseluruhan.
   Director & Deputy CFO                                      Assistance related to overall financial management and corporate procurement.




                   PEDOMAN KERJA DIREKSI
                    BOARD OF DIRECTORS CHARTER



                  Direksi mempunyai peran yang penting dalam mengelola jalannya usaha Pereroan, sehingga diperlukan suatu
                  pedoman kerja bagi Direksi dalam melaksanakan tugas, tanggung jawab, dan wewenangnya untuk memenuhi
                  kepentingan pemegang saham dan pemangku kepentingan lainnya. Dengan adanya Pedoman Kerja Direksi,
                  maka Direksi akan senantiasa bertindak dan bersikap sesuai dengan prinsip-prinsip GCG, standar etika, dan
                  nilai-nilai yang berlaku dalam Perseroan, serta mematuhi peraturan perundang-udangan yang berlaku dan
                  Anggaran Dasar Perseroan. Secara garis besar, Pedoman Kerja Direksi mengatur antara lain: 1) Pengangkatan,
                  pemberhentian, pengunduran diri, dan pemberhentian sementara Direksi, 2) Kedudukan Direksi dalam organisasi,
                  3) Organisasi Direksi, 4) Tugas, tanggung jawab, dan wewenang Direksi, 5) Kebijakan remunerasi Direksi, 6)
                  Rapat dan pelaporan Direksi, 7) Rencana jangka panjang, rencana kerja, dan anggaran Perseroan, 8) Kode etik
                  Direksi, 9) Hubungan Direksi dengan Dewan Komisaris, dan 10) Evaluasi kinerja Direksi.

                  The Board of Directors has a key role in managing the running of the Company’s business, so the Board of
                  Directors needs a work guideline in carrying out its duties, responsibilities, and authorities to fulfill the interests
                  of shareholders and other stakeholders. With reference to the Board of Directors Charter, the Board of Directors
                  will always act and behave in accordance with GCG principles, ethical standards, and values that apply in the
                  Company, as well as comply with applicable laws and regulations and the Company’s Articles of Association.
                  In principle, the contents of the Board of Directors Charter are as follows: 1) Board of Director’s appointment,
                  dismissal resignation, and temporary dismissal, 2) Board of Director’s position in the Company’s structure,
                  3) Board of Director’s organization, 4) Board of Directors’ duties, responsibilities, and authorities, 5) Board of
                  Directors’ remuneration policy, 6) Board of Directors’ meeting and reporting, 7) Board of Directors’ long-term
                  plan, work plan, and budget plan, 8) Board of Directors’ code of conduct, 9) Relationship between the Board of
                  Directors and the Board of Commissioners, and 10) Board of Directors’ performance evaluation.




2023 ANNUAL REPORT                                                                                   P T E R A J AYA S WA S E M B A D A T B K          175
Page 178
            tata k e l o l a p e r u s a h a a n




      RAPAT DIREKSI                                                    MEETINGS OF THE BOARD OF DIRECTORS



      “Rapat Direksi adalah rapat formal para anggota Direksi yang
      diadakan secara berkala atau sewaktu-waktu bila dipandang
      perlu oleh Direktur Utama atau oleh seorang atau lebih anggota
      Direksi, atau atas permintaan tertulis dari Dewan Komisaris. Jika
      demikian, maka Direksi dapat mengundang Dewan Komisaris untuk
      hadir dalam rapat Direksi.”

      “The Board of Directors meeting is a formal meeting of members of the Board of Directors which is held
      periodically or at any time if deemed necessary by the President Director or by one or more members of the
      Board of Directors, or upon written request from the Board of Commissioners. In that’s the case, then the
      Board of Directors may invite the Board of Commissioners to attend the Board of Directors Meeting.”


      Kebijakan Rapat Direksi                                          Policy of the Board of Directors Meeting
      Sebagaimana diatur dalam Anggaran Dasar Perseroan Pasal          As stipulated in Article 17 of the Company’s Articles of
      17 dan Pedoman Kerja Direksi, Direksi wajib mengadakan           Association and the Board of Directors Charter, the Board of
      rapat Direksi secara berkala paling kurang 1 (satu) kali dalam   Directors is required to hold regular Board of Directors meetings
      setiap bulan dan rapat Direksi bersama Dewan Komisaris           at least 1 (one) time a month and regular joint meetings of the
      secara berkala paling kurang 1 (satu) kali dalam 4 (empat)       Board of Directors and the Board of Commissioners at least 1
      bulan.                                                           (one) time in 4 (four) months.

      Rapat Direksi juga dapat diadakan setiap waktu bilamana          The Board of Directors meetings may also be held at any
      dianggap perlu oleh seorang atau lebih anggota Direksi atau      time if deemed necessary by one or more members of the
      atas permintaan tertulis dari Dewan Komisaris atau atas          Board of Directors or at a written request from the Board of
      permintaan tertulis 1 (satu) pemegang saham atau lebih           Commissioners or at the written request of 1 (one) or more
      yang bersama-sama mewakili 1/10 (satu per sepuluh) bagian        shareholders who jointly represent 1/10 (one tenth) of the
      dari jumlah seluruh saham yang telah ditempatkan oleh            the total number of shares issued by the Company with valid
      Perseroan dengan hak suara yang sah.                             voting rights.

      Rapat Direksi sah dan berhak mengambil keputusan yang            The Board of Directors meeting is valid and has the right to
      mengikat apabila dihadiri lebih dari 1/2 (satu perdua) bagian    make binding decisions if attended by more than 1/2 (a half)
      dari jumlah anggota Direksi hadir atau diwakili dalam rapat.     of the total members of the Board of Directors present or
                                                                       represented at the meeting.

      Pelaksanaan Rapat Direksi                                        The Board of Directors Meeting
      Pada tahun 2023, Direksi menyelenggarakan 22 (dua                In 2023, the Board of Directors held 22 (twenty-two) Board of
      puluh dua) kali rapat Direksi. Rapat Direksi terdiri dari 13     Directors meetings. The Board of Directors’ meetings consist of
      (tiga belas) kali rapat yang seluruhnya merupakan rapat          13 (thirteen) meetings, all of which were joint meetings of the
      gabungan Direksi dan Dewan Komisaris termasuk 1 (satu)           Board of Directors and the Board of Commissioners, including
      kali Keputusan Sirkuler Pengganti Rapat Dewan Komisaris,         1 (one) Circular Decree in Lieu of the Board of Commissioners’
      6 (enam) kali rapat Komite Komersial dan 3 (tiga) kali rapat     Meeting, 6 (six) Commercial Committee meetings, and 3 (three)
      Komite Pengembangan Usaha Baru yang juga dihadiri Dewan          Investment Committee meetings which were also attended by
      Komisaris. Selain itu, terdapat 4 (empat) kali rapat Komite      the Board of Commissioners. In addition, ze Board of Directors
      Audit yang dihadiri oleh Direksi dan Dewan Komisaris.            and Board of Commissioners.

      Informasi mengenai kehadiran anggota Direksi dalam rapat         Information regarding the attendance of members of the Board
      Direksi, rapat bersama Dewan Komisaris dan rapat Komite          of Directors at the Board of Directors meetings, joint meetings
      Audit adalah sebagai berikut:                                    with the Board of Commissioners and meetings of the Audit
                                                                       Committee are as follows:




176      P T E R A J AYA S WA S E M B A D A T B K                                                         L A P O R A N TA H U N A N 2 0 2 3
Page 179
                                                                                                corporate governance




   Kehadiran Anggota Direksi dalam Rapat
   Attendance of member of the Board of Directors at the Meetings

                                                                                                    Jumlah Kehadiran       % Kehadiran
                 Nama | Name                                  Jabatan | Position
                                                                                                     Total Attendance      % Attendance


   Rapat Gabungan Direksi dan Dewan Komisaris | Joing Meeting of The Board of Dirctors and The Board of Commissioners

   Budiarto Halim                       Direktur Utama | President Director                              13 of 13              100

   Hasan Aula                           Wakil Presiden Direktur | Vice President Director                13 of 13              100

   Joy Wahjudi                          Wakil Presiden Direktur | Vice President Director                11 of 13               85

   Sintawati Halim                      Direktur | Director                                              13 of 13              100

   Djohan Sutanto                       Direktur | Director                                              13 of 13              100

   Sim Chee Ping                        Direktur | Director                                              13 of 13              100

   Jong Woon Kim                        Direktur | Director                                              13 of 13              100

   Elly1)                               Direktur | Director                                               8 of 9                89

   Mitchella Ardy Hady Wijaya2)         Direktur | Director                                               7 of 7               100

   Keith Ardy Hady Wijaya   2)
                                        Direktur | Director                                               7 of 7               100

   Rapat Komite Komersial | Commercial Committee Meeting

   Budiarto Halim                       Direktur Utama | President Director                               6 of 6               100

   Hasan Aula                           Wakil Presiden Direktur | Vice President Director                 6 of 6               100

   Joy Wahjudi                          Wakil Presiden Direktur | Vice President Director                 6 of 6               100

   Sintawati Halim                      Direktur | Director                                               6 of 6               100

   Djohan Sutanto                       Direktur | Director                                               6 of 6               100

   Sim Chee Ping                        Direktur | Director                                               6 of 6               100

   Jong Woon Kim                        Direktur | Director                                               6 of 6               100

   Elly   1)
                                        Direktur | Director                                               4 of 4               100

   Mitchella Ardy Hady Wijaya    2)
                                        Direktur | Director                                               3 of 3               100

   Keith Ardy Hady Wijaya   2)
                                        Direktur | Director                                               3 of 3               100

   Rapat Komite Pengembangan Usaha Baru | Investment Committee Meeting

   Budiarto Halim                       Direktur Utama | President Director                               3 of 3               100

   Hasan Aula                           Wakil Presiden Direktur | Vice President Director                 3 of 3               100

   Joy Wahjudi                          Wakil Presiden Direktur | Vice President Director                 3 of 3               100

   Sintawati Halim                      Direktur | Director                                               3 of 3               100

   Djohan Sutanto                       Direktur | Director                                               3 of 3               100

   Sim Chee Ping                        Direktur | Director                                               3 of 3               100

   Jong Woon Kim                        Direktur | Director                                               3 of 3               100

   Elly   1)
                                        Direktur | Director                                               2 of 2               100

   Mitchella Ardy Hady Wijaya    2)
                                        Direktur | Director                                               2 of 2               100

   Keith Ardy Hady Wijaya   2)
                                        Direktur | Director                                               2 of 2               100

   1) Menjabat sebagai Direktur terhitung sejak penutupan RUPST tanggal 30 Juni 2023
      Served as Director since the closing of the AGMS on 30 June 2023
   2) Menjabat sebagai Direktur terhitung sejak penutupan RUPSLB tanggal 6 September 2023
      Served as Director since the closing of the EGMS on 6 September 2023




2023 ANNUAL REPORT                                                                             P T E R A J AYA S WA S E M B A D A T B K   177
Page 180
                tata k e l o l a p e r u s a h a a n




       Kehadiran Anggota Direksi dalam Rapat Komite Audit
       Attendance of member of the Board of Directors in Audit Committee Meetings

                                                                                                            Jumlah Kehadiran        % Kehadiran
                     Nama | Name                                     Jabatan | Position
                                                                                                             Total Attendance       % Attendance


       Budiarto Halim                          Direktur Utama | President Director                                4 of 4                 100

       Hasan Aula                              Wakil Presiden Direktur | Vice President Director                  4 of 4                 100

       Joy Wahjudi                             Wakil Presiden Direktur | Vice President Director                  4 of 4                 100

       Sintawati Halim                         Direktur | Director                                                4 of 4                 100

       Djohan Sutanto                          Direktur | Director                                                4 of 4                 100

       Sim Chee Ping                           Direktur | Director                                                4 of 4                 100

       Jong Woon Kim                           Direktur | Director                                                4 of 4                 100

       Elly1)                                  Direktur | Director                                                2 of 2                 100

       Mitchella Ardy Hady Wijaya2)            Direktur | Director                                                1 of 1                 100

       Keith Ardy Hady Wijaya2)                Direktur | Director                                                1 of 1                 100

       1) Menjabat sebagai Direktur terhitung sejak penutupan RUPST tanggal 30 Juni 2023
          Served as Director since the closing of the AGMS dated 30 June 2023
       2) Menjabat sebagai Direktur terhitung sejak penutupan RUPSLB tanggal 6 September 2023
          Served as Director since the closing of the EGMS dated 6 September 2023


      Kehadiran Anggota Direksi Pada RUPS                                            Attendance of members of the Board of Directors at the GMS
      Pada tahun 2023 Perseroan menyelenggarakan 2 (dua) kali                        In 2023 the Company held 2 (two) GMS, namely the AGMS on
      RUPS yaitu RUPST tanggal 30 Juni 2023 dan 1 (satu) kali                        30 June 2023 and EGMS on 6 September 2023. Information
      RUPSLB tanggal 6 September 2023. Informasi kehadiran                           on the attendance of members of the Board of Directors at
      anggota Direksi dalam RUPST dan RUPSLB tersebut                                the AGMS and EGMS is presented in the GMS sub-chapter.
      disajikan pada subbab RUPS.

      PENGEMBANGAN KOMPETENSI DAN PROGRAM                                            COMPETENCE DEVELOPMENT AND ORIENTATION
      ORIENTASI                                                                      PROGRAM

      Kebijakan                                                                      Policy
      Anggota Direksi harus senantiasa memperluas dan                                Members of the Board of Directors must always expand and
      meningkatkan pengetahuan yang dimilikinya untuk                                improve their knowledge to carry out their duties in managing
      menjalankan tugasnya sebagai pengurus dan pengelola                            the Company. For that purpose, members of the Board of
      Perusahaan. Untuk itu anggota Direksi perlu mengikuti                          Directors encourange to participate in a continuous competence
      program pengembangan kompetensi berkelanjutan.                                 development program.

      Program Pengembangan kompetensi dapat berupa pelatihan                         Competence development programs can be in the form of
      eksekutif, seminar, workshop, atau short course. Direksi                       executive training, seminars, workshops, or short courses. The
      menyusun program yang akan diikuti dan memasukkan                              Board of Directors prepares programs they plan to participate
      dalam Rencana Kerja Tahunan. Program pengembangan                              and include them in the Annual Work Plan. Competence
      kompetensi anggota Direksi dapat dilakukan di dalam dan di                     development programs for members of the Board of Directors
      luar negeri.                                                                   can be carried out domestically and abroad.

      Anggota Direksi yang telah mengikuti program pelatihan                         Participating members are expected to share the knowledge
      diharapkan dapat berbagi informasi dan pengetahuan                             gained with other members of the Board of Directors and the
      (sharing knowledge) kepada anggota Direksi lainnya dan                         Board of Commissioners.
      Dewan Komisaris.




178       P T E R A J AYA S WA S E M B A D A T B K                                                                     L A P O R A N TA H U N A N 2 0 2 3
Page 181
                                                                                                      corporate governance




   Program Pengembangan Kompetensi yang Diikuti pada Tahun 2023
   Competence Development Programs Attended in 2023

               Peserta                                Program                        Penyelenggara           Tanggal                 Venue
              Participant                             Program                          Organizer              Date                   Lokasi


   Elly, Andreas Harun Djumadi        Program Orientasi Anggota Direksi &               Corporate             4 Juli         Erajaya Plaza, Jakarta
                                      Dewan Komisaris Baru                              Secretary             4 July
                                      Oritentation Program for New Member
                                      of the Board of Directors & the Board of
                                      Commissioners

   Mitchella Ardy Hady Wijaya,        Program Orientasi Anggota Direksi Baru            Corporate          8 September       Erajaya Plaza, Jakarta
   Keith Ardy Hady Wijaya             Oritentation program for New Members of           Secretary          8 September
                                      the Board of Directors

   Seluruh Anggota Direksi            Mandiri Investment Forum 2023,                     Mandiri            1 Februari       Hotel Fairmont, Jakarta
   All members of the Board of        “Prevailing Over Turbulence”                                          1 February
   Directors

   Seluruh Anggota Direksi            Seminar & Interactive Session with BCA,             BCA                22 Mei          Erajaya Plaza, Jakarta
   All members of the Board of        Macroeconomics Global & Domestic                                       22 May
   Directors                          Outlook “Resilience during Global
                                      Uncertainty”

   Hasan Aula, Djohan Sutanto         IDX CEO Networking 2023                              BEI             7 November        Hotel Fairmont, Jakarta
                                                                                                           7 November

   Hasan Aula                         The ASEAN Capital Market Forum (ACMF)           ACMF & OJK           16 October          Padma Hotel, Bali
                                      International Conference                                             16 October

   Catatan | Note:
   • Mandiri: PT Bank Mandiri Persero Tbk.
   • BCA: PT Bank Central Asia Tbk.
   • BEI: Bursa Efek Indonesia | Indonesia|Indonesia Stock Exchange (IDX)
   • OJK: Otoritas Jasa Keuangan | Financial Services Authority (FSA)



  Program Orientasi                                                              Orientation Program
  Setiap anggota Direksi baru yang diangkat untuk pertama                        Newly appointed members of the Board of Directors are required
  kalinya wajib mengikuti program pengenalan mengenai                            to participate in an orientation program regarding the Company.
  Perseroan. Program pengenalan meliputi:                                        The orientation program materials include:
  a. Pelaksanaan prinsip-prinsip GCG,                                            a. Implementation of GCG principles,
  b. Gambaran mengenai Perseroan meliputi visi, misi, nilai-                     b. Description of the Company including vision, mission, noble
      nilai luhur, lingkup kegiatan usaha, kinerja keuangan dan                      values, scope of business activities, financial and operational
      operasional, strategi, rencana usaha jangka pendek dan                         performance, strategy, short-term and long-term business
      jangka panjang, posisi kompetitif, risiko, dan masalah                         plans, competitive position, risk, and other strategic issues,
      strategis lainnya,
  c. Keterangan berkaitan dengan kewenangan yang                                 c. Information relating to delegated authority, internal and
      didelegasikan, audit internal dan eksternal, sistem dan                       external audit, internal control systems and policies,
      kebijakan pengendalian internal, termasuk Komite Audit,                       including the Audit Committee,
  d. Keterangan mengenai tugas dan tanggung jawab Direksi                        d. Information regarding duties and responsibilities of the
      serta hal-hal yang tidak diperbolehkan.                                       Board of Directors and things that are not allowed.

  Program pengenalan dapat berupa presentasi, pertemuan,                         The orientation program can be in the form of presentations,
  kunjungan ke unit bisnis dan anak perusahaan, serta                            meetings, visits to business units and subsidiaries, as well
  pengkajian dokumen atau program lainnya yang dianggap                          as review of documents or other programs deemed relevant.
  relevan.

  Penyelenggaraan program orientasi dikembangkan dan                             The orientation program is developed and led by the Corporate
  dipimpin oleh Sekretaris Perusahaan. Sekretaris Perusahaan                     Secretary. The Corporate Secretary prepares all necessary
  menyiapkan hal-hal yang diperlukan untuk melakukan                             matters to conduct an induction program such as orientation
  program pengenalan seperti materi program orientasi,                           program materials, meeting schedules with the Board of
  jadwal pertemuan dengan Dewan Komisaris dan manajemen,                         Commissioners and management, presentation materials, as
  materi presentasi, serta jadwal kunjungan ke unit bisnis/anak                  well as visits to business units/subsidiaries when necessary.
  perusahaan bila diperlukan.

  Pada tahun 2023, Perseroan menyelenggarakan program                            In 2023, the Company held an orientation program for new
  orientasi bagi anggota Direksi baru.                                           members of the Board of Directors.



2023 ANNUAL REPORT                                                                                   P T E R A J AYA S WA S E M B A D A T B K          179
Page 182
            tata k e l o l a p e r u s a h a a n




      PENILAIAN ATAS KINERJA
      KOMITE PENDUKUNG TUGAS
      DIREKSI
      PERFORMANCE EVALUATION OF THE BOARD OF DIRECTORS
      COMMITTEE

      Direksi membentuk Komite Pengembangan Usaha Baru                The Board of Directors established the Investment Committee
      (Investment Committee/IC) dan Komite Komersial (Commercial      (IC) and the Commercial Committee (CC) to ensuring that all
      Committee/CC) untuk memastikan bahwa seluruh strategi,          strategies, operational activities, and business transactions
      aktivitas operasional, dan transaksi bisnis dijalankan dengan   are conducted properly and prudently, with high integrity
      proper dan prudent, dengan integritas dan etika yang tinggi,    and ethics, as well as robust governance to mitigate potential
      serta tata kelola yang kuat untuk memastikan tidak adanya       issues in the future.
      potensi masalah di kemudian hari.

      Keberadaan IC terutama untuk memastikan bahwa peluang           The existence of IC is primarily to ensure that new business
      usaha baru yang diusulkan setiap unit bisnis memenuhi semua     opportunities proposed by each business unit meet all the
      parameter standar kelayakan investasi yang ditetapkan IC.       parameters of the investment feasibility standard set by IC.
      Setiap usulan pengembangan usaha akan dipresentasikan           Each business development proposal will be presented as an
      sebagai initial introduction kepada Direksi dan Dewan           initial introduction to the Board of Directors and the Board of
      Komisaris dalam rapat IC. Selanjutnya, jika IC menilai bahwa    Commissioners at the IC meeting. Furthermore, if IC assesses
      usulan tersebut prospektif, tim Business Development akan       that the proposal is prospective, the Business Development
      melakukan studi kelayakan terhadap aspek target market size,    team will conduct a feasibility study on the aspects of target
      business plan yang akan dijalankan, prospek pengembangan,       market size, business plan to be implemented, development
      kecukupan arus kas, dan sebagainya. Hasil indepth study tim     prospects, adequacy of cash flow and so on. The results of
      Business Development dipresentasikan kembali dalam rapat        the Business Development team’s in-depth study will be
      IC untuk dibahas dan diputuskan.                                represented at IC meeting to be discussed and decided.

      Keberadaan CC terutama untuk membantu Direksi dalam             The existence of CC is mainly to assist the Board of Directors
      proses pengawasan, pengarahan, dan pengambilan                  in the process of monitoring, directing and decision making
      keputusan terkait kinerja dan perkembangan masing-masing        regarding the performance and development of each of the
      bisnis vertikal Perseroan. CC terdiri dari anggota Direksi      Company’s vertical businesses. CC consists of members of
      Perseroan yang tidak memiliki fungsi manajemen vertical         the Company’s Board of Directors who do not have vertical
      bisnis.                                                         business management functions.

      Direksi menilai, sepanjang tahun 2023 keberadaan IC dan         From the Board of Directors’ point of view, during 2023, IC
      CC sangat efektif dalam proses pengambilan keputusan            and CC were very effective in making the right decisions while
      yang tepat, sejalan penerapan prinsip kehati-hatian dan         implementing precautionary principles and risk management.
      manajemen risiko.




180      P T E R A J AYA S WA S E M B A D A T B K                                                       L A P O R A N TA H U N A N 2 0 2 3
Page 183
                                                                                                   corporate governance




  DEWAN KOMISARIS
  THE BOARD OF COMMISSIONERS

  “Dewan Komisaris berkewajiban untuk mengawasi kebijakan
  kepengurusan yang ditetapkan oleh Direksi serta mengawasi
  dan memberikan nasihat kepada Direksi dalam melakukan
  kepengurusan sesuai dengan Anggaran Dasar dan peraturan
  perundangan yang berlaku, dengan memperhatikan prinsip-prinsip
  GCG.”

  “The Board of Commissioners shall oversee the management policy of the Board of Directors as well as
  oversee and provide advice to the Board of Directors in managing the Company in accordance with the
  purposes and objectives of the Company, the Articles of Association, prevailing laws and regulations, with
  due observance to the GCG principles.”


  KOMPOSISI DEWAN KOMISARIS                                                 COMPOSITION OF THE BOARD OF COMMISSIONERS
  Komposisi Direksi Perseroan pada 31 Desember 2023 adalah                  The composition of the Company’s Board of Directors as of 31
  sebagai berikut:                                                          December 2023 is as follows:


                     Nama                               Jabatan                                   Dasar Hukum Pengangkatan
                     Name                               Position                                   Legal Basis of Appointment


   Ardy Hady Wijaya                      Komisaris Utama                       Akta Berita Acara RUPST Nomor 08 Tanggal 23 Juni 2022.
                                         President Commissioner                Deed of Minutes of the AGMS Number 08 dated 23 June 2022.

   Richard Halim Kusuma                  Komisaris
                                         Commissioner

   Lim Bing Tjay*)                       Komisaris Independen
                                         Independent Commissioner

   I Gusti Putu Suryawirawan             Komisaris Independen
                                         Independent Commissioner

   Andreas Harun Djumadi                 Komisaris                             Akta Pernyataan Keputusan RUPST Nomor 23 Tanggal 30 Juni 2023.
                                         Commissioner                          Deed of Decision Statement of the AGMS Number 23 dated 30 June
                                                                               2023.

   *) Telah memberikan Surat Pernyataan Independensi sebagai Komisaris Independen kepada RUPST tanggal 23 Juni 2022 untuk memenuhi
      persyaratan bagi Komisaris Independen yang telah menjabat lebih dari 2 (dua) periode.
      He has submitted The Statement of Independence of the Independent Commissioners to AGMS on June 23, 2022 to meet the requirement for
      Independent Commissioner who has served for more than 2 (two) terms of office.



  TUGAS DAN TANGGUNG JAWAB                                                  DUTIES AND RESPONSIBILITIES
  Dalam melaksanakan tugas dan tanggung jawabnya, Dewan                     In carrying out its duties and responsibilities, the Board
  Komisaris senantiasa berpegang dan berpedoman pada                        of Commissioners always adheres to and is guided by the
  Pedoman Kerja Dewan Komisaris, Anggaran Dasar Perseroan                   Board of Commissioners Charter, the Company’s Articles of
  dan peraturan perundang-undangan yang berlaku.                            Association and applicable laws and regulations.

  Untuk mengoptimalkan fungsinya, maka Dewan Komisaris                      To optimize its function, the Board of Commissioners
  melakukan pembagian tugas sesuai dengan kemampuan dan                     distributes duties according to the capabilities and expertise
  keahlian masing-masing anggota Dewan Komisaris dengan                     of each member of the Board of Commissioners with due
  memperhatikan lingkup usaha Perseroan. Pembagian tugas                    regard to the Company’s business scope. The division of duties
  tersebut diatur sendiri diantara anggota Dewan Komisaris.                 is regulated independently among members of the Board of
  Tugas dan tanggung jawab Dewan Komisaris sebagaimana                      Commissioners. The duties and responsibilities of the Board
  tercantum pada Pedoman Kerja Dewan Komisaris adalah                       of Commissioners as stated in the Board of Commissioners
  sebagai berikut:                                                          Charter are as follows:



2023 ANNUAL REPORT                                                                                P T E R A J AYA S WA S E M B A D A T B K      181
Page 184
            tata k e l o l a p e r u s a h a a n




      1. Dewan Komisaris bertugas melakukan pengawasan               1. The Board of Commissioners is in charge of supervising
         terhadap kebijakan pengurusan, jalannya pengurusan             the management policies and the general management
         pada umumnya, dan memberi nasihat kepada Direksi.              implementation and providing recommendations to the
                                                                        Board of Directors.
      2. Dalam kondisi tertentu, Dewan Komisaris wajib               2. Under particular circumstances, the Board of
         menyelenggarakan RUPST dan RUPS lainnya sesuai                 Commissioners shall organize AGMS and other GMS
         dengan kewenangannya sebagaimana diatur dalam                  based on their authority as regulated in the laws and
         peraturan perundang-undangan dan anggaran dasar.               regulations and the Articles of Association.
      3. Anggota Dewan Komisaris wajib melaksanakan tugas            3. The Board of Commissioners shall exercise every duty
         dan tanggung jawab dengan itikad baik, penuh tanggung          and responsibility with good faith, full responsibility, and
         jawab, dan kehati-hatian.                                      prudence.
      4. Dalam rangka mendukung efektivitas pelaksanaan              4. To support the effective implementation of their duties
         tugas dan tanggung jawabnya Dewan Komisaris wajib              and responsibilities, the Board of Commissioners shall
         membentuk Komite Audit dan dapat membentuk komite              establish Audit Committee and may establish other
         lainnya.                                                       Committees.
      5. Dewan Komisaris wajib melakukan evaluasi terhadap           5. The Board of Commissioners shall evaluate the
         kinerja komite yang membantu pelaksanaan tugas dan             performance of the committee that assists in the
         tanggung jawabnya setiap akhir tahun buku.                     implementation of their duties and responsibilities at the
                                                                        end of each fiscal year.
      6. Meneliti dan menelaah laporan tahunan yang                  6. To examine and review the annual report prepared by the
          dipersiapkan oleh Direksi serta menandatangani laporan        Board of Directors and sign the report, as well as ensuring
          tersebut, serta memastikan bahwa Laporan Tahunan              that the Company’s Annual Report has also contained
          Perusahaan telah memuat informasi mengenai identitas,         information about the profile, main duties, and positions
          pekerjaan-pekerjaan utama, jabatan Dewan Komisaris di         of the Board of Commissioners in other companies,
          perusahaan lain, termasuk rapat-rapat yang dilakukan          including meetings conducted within one fiscal year
          dalam satu tahun buku (rapat internal maupun rapat            (internal meetings or joint meetings with the Directors),
          gabungan dengan Direksi), serta honorarium yang               as well as honorarium accepted from the Company.
          diterima dari Perseroan.
      7. Memberikan tanggapan atas laporan berkala Direksi           7. To give an opinion on the Board of Directors’ periodic
          (triwulan, tahunan) serta pada setiap waktu yang              reports (quarterly, annually) as well as on the Company’s
          diperlukan mengenai perkembangan Perusahaan pada              progress at any time needed and to report the results of
          setiap waktu serta melaporkan hasil pelaksanaan               the implementation of their duties to the Shareholders.
          tugasnya kepada pemegang saham.
      8. Berkoordinasi dan melakukan evaluasi Akuntan Publik         8. To coordinate and carry out an evaluation on the Public
          yang akan melakukan pemeriksaan atas buku-buku                Accountant who audits the Company’s books, and then
          Perseroan, untuk kemudian diajukan sebagai usulan             submit the results as recommendations to the GMS.
          kepada RUPS.
      9. Memastikan bahwa auditor eksternal, auditor internal,       9. To ensure that the external auditor, internal auditors, and
          dan Komite Audit serta komite lainnya, memiliki akses          the Audit Committee and other committees have access
          terhadap catatan akuntansi, data penunjang, dan                to accounting records, supporting data, and information
          informasi mengenai Perseroan, sepanjang diperlukan             about the Company, for as long as required to carry out
          untuk melaksanakan tugasnya.                                   their duties.
      10. Menentukan sistem nominasi, evaluasi kinerja, remunerasi   10. To determine the nomination, performance evaluation,
          yang transparan bagi Dewan Komisaris dan Direksi               and transparent remuneration system for the Board of
          melalui fungsi nominasi dan remunerasi.                        Commissioner and the Board of Directors through the
                                                                         nomination and remuneration function.
      11. Meningkatkan kompetensi dan pengetahuannya secara          11. To continuously improve their competence and knowledge
          berkesinambungan untuk menjalankan fungsi sebagai              in carrying out their functions as Board of Commissioners
          Dewan Komisaris secara profesional.                            professionally.
      12. Setiap anggota Dewan Komisaris tidak dapat bertindak       12. Each member of the Board of Commissioners shall not
          sendiri-sendiri, melainkan berdasarkan keputusan Dewan         act individually but based on the Board of Commissioners’
          Komisaris.                                                     decision.




182      P T E R A J AYA S WA S E M B A D A T B K                                                      L A P O R A N TA H U N A N 2 0 2 3
Page 185
                                                                                             corporate governance




              PEDOMAN KERJA DEWAN KOMISARIS
              BOARD OF COMMISSIONERS CHARTER



              Dewan Komisaris mempunyai peran yang penting dalam mengawasi jalannya usaha Perseroan, sehingga
              diperlukan suatu pedoman kerja dalam melaksanakan tugas, tanggung jawab dan wewenangnya untuk
              memenuhi kepentingan pemegang saham dan pemangku kepentingan lainnya. Dengan adanya Pedoman Kerja
              Dewan Komisaris, maka Dewan Komisaris akan senantiasa bertindak dan bersikap sesuai dengan prinsip-prinsip
              GCG, standar etika, dan nilai-nilai yang berlaku dalam Perseroan, serta mematuhi peraturan perundang-udangan
              yang berlaku dan Anggaran Dasar Perseroan. Secara garis besar, Pedoman Kerja Dewan Komisaris mengatur
              antara lain: 1) Pengangkatan, pemberhentian, pengunduran diri, dan pemberhentian sementara Dewan Komisaris,
              2) Kedudukan Dewan Komisaris dalam organisasi, 3) Organisasi Dewan Komisaris, 4) Tugas, tanggung jawab,
              dan wewenang Dewan Komisaris, 5) Kebijakan remunerasi Dewan Komisaris, 6) Rapat dan pelaporan Dewan
              Komisaris, 7) Rencana jangka panjang, rencana kerja, dan anggaran Perseroan, 8) Kode etik Dewan Komisaris, 9)
              Hubungan Direksi dengan Dewan Komisaris, dan 10) Evaluasi Kinerja Dewan Komisaris.

              The Board of Commissioners has a key role in supervising the running of the Company’s business, so the Board
              of Commissioners needs a work guideline in carrying out its duties, responsibilities, and authorities to fulfill the
              interests of shareholders and other stakeholders. With reference to the Board of Commissioners Charter, the
              Board of Commissioners will always act and behave in accordance with GCG principles, ethical standards, and
              values that apply in the Company, as well as comply with applicable laws and regulations and the Company’s
              Articles of Association. In principle, the contents of the Board of Commissioners Charter are as follows: 1) Board
              of Commissioners’ appointment, dismissal, resignation, and temporary dismissal, 2) Board of Commissioners’
              position in the Company’s structure, 3) Board of Commissioners organization, 4) Board of Commissioners’ duties,
              responsibilities, and authorities, 5) Board of Commissioners’ remuneration policy, 6) Board of Commissioners’
              meeting and reporting, 7) Board of Directors’ long-term plan, work plan, and budget plan, 8) Board of
              Commissioners’ code of conduct, 9) Relationship between the Board of Directors and Board of Commissioners,
              and 10) Board of Commissioners’ performance evaluation.



  RAPAT DEWAN KOMISARIS



  “Rapat Dewan Komisaris adalah rapat formal para anggota Dewan
  Komisaris yang diadakan secara berkala atau sewaktu-waktu bila
  dipandang perlu oleh Komisaris Utama atau oleh seorang atau lebih
  anggota Dewan Komisaris. Bila dipandang perlu, Dewan Komisaris
  dapat mengundang Direksi untuk hadir dalam rapat Dewan
  Komisaris.”

  “The Board of Commissioners meeting is a formal meeting of members of the Board of Commissioners which
  is held periodically or at any time if deemed necessary by the President Commissioners Director or by one or
  more members of the Board of Commissioners. If deemed necessary, the Board of Commissioners may invite
  the Board of Directors to attend the Board of Commissioners meeting.”


  Kebijakan Rapat Dewan Komisaris                                      Policy of the Board of Commissioners Meeting
  Sebagaimana diatur dalam Anggaran Dasar Perseroan Pasal              As stipulated in Article 20 of the Company’s Articles of
  20 dan Pedoman Kerja Dewan Komisaris, Dewan Komisaris                Association and the Board of Commissioners Charter,
  wajib mengadakan rapat Dewan Komisaris secara berkala                the Board of Board of Commissioners is required to hold
  paling kurang 1 (satu) kali dalam 2 bulan dan rapat Dewan            regular Board of Commissioners meetings at least 1 (one)
  Komisaris bersama Direksi secara berkala paling kurang 1             time in 2 months and regular joint meetings of the Board of
  (satu) kali dalam 4 (empat) bulan.                                   Commissioners and the Board of Directors at least 1 (one)
                                                                       time in 4 (four) months.



2023 ANNUAL REPORT                                                                          P T E R A J AYA S WA S E M B A D A T B K   183
Page 186
            tata k e l o l a p e r u s a h a a n




      Rapat Dewan Komisaris juga dapat diadakan setiap waktu                    The Board of Commissioners meetings may also be held at
      bilamana dianggap perlu oleh seorang atau lebih anggota                   any time if deemed necessary by one or more members of
      Dewan Komisaris atau atas permintaan tertulis dari Direksi                the Board of Commissioners or at a written request from the
      atau atas permintaan tertulis 1 (satu) pemegang saham atau                Board of Directors or at the written request of 1 (one) or more
      lebih yang bersama-sama mewakili 1/10 (satu per sepuluh)                  shareholders who jointly represent 1/10 (one tenth) of the
      bagian dari jumlah seluruh saham yang telah ditempatkan                   the total number of shares issued by the Company with valid
      oleh Perseroan dengan hak suara yang sah.                                 voting rights.

      Rapat Dewan Komisaris sah dan berhak mengambil                            The Board of Commissioners meeting is valid and has the
      keputusan yang mengikat apabila dihadiri lebih dari 1/2 (satu             right to make binding decisions if attended by more than 1/2
      perdua) bagian dari jumlah anggota Dewan Komisaris hadir                  (a half) of the total members of the Board of Commissioners
      atau diwakili dalam rapat.                                                present or represented at the meeting.

      Pelaksanaan Rapat Dewan Komisaris                                         The Board of Commissioners Meeting
      Pada tahun 2023, Dewan Komisaris menyelenggarakan 13                      In 2023, the Board of Commissioners held 13 (thirteen)
      (tiga belas) kali rapat yang seluruhnya merupakan rapat                   meetings, all of which were joint meetings of the Board of
      gabungan Dewan Komisaris dan Direksi termasuk 1 (satu)                    Commissioners and Directors, including 1 (one) Circular
      kali Keputusan Sirkuler Pengganti Rapat Dewan Komisaris                   Decree in Lieu of the Board of Commissioners Meeting
      dan menghadiri 3 (tiga) kali rapat Komite Pengembangan                    and attended 3 (three) meetings of the New Business
      Usaha Baru bersama Direksi. Selain itu, terdapat 4 (empat)                Development Committee with the Board of Directors. In
      kali rapat Komite Audit yang dihadiri oleh Direksi dan Dewan              addition, there were 4 (four) Audit Committee meetings
      Komisaris.                                                                which were attended by the Board of Directors and Board of
                                                                                Commissioners.

      Informasi mengenai kehadiran anggota Dewan Komisaris                      Information regarding the attendance of members of the Board
      dalam rapat bersama Direksi, rapat Komite Pengembangan                    of Commissioners at meetings with the Board of Directors,
      Usaha Baru, serta rapat bersama Komite Audit adalah                       meetings of the New Business Development Committee, and
      sebagai berikut:                                                          meetings of the Audit Committee is as follows:


       Kehadiran Anggota Dewan Komisaris dalam Rapat
       Attendance of Member of the Board of Commissioners at the Meetings

                       Nama                                          Jabatan                              Jumlah Kehadiran      % Kehadiran
                       Name                                          Position                              Total Attendance     % Attendance


       Rapat Gabungan Berkala dengan Direksi | Regular Joint Meetings with the Board of Directors

       Ardy Hady Wijaya                 Komisaris Utama | President Commissioner                              13 of 13               100

       Richard Halim Kusuma             Komisaris | Commissioner                                              13 of 13               100

       Lim Bing Tjay                    Komisaris Independen | Independent Commissioner                       13 of 13               100

       I Gusti Putu Suryawirawan        Komisaris Independen | Independent Commissioner                       13 of 13               100

       Andreas Harun Djumadi   1)
                                        Komisaris | Commissioner                                               9 of 9                100

       Rapat Komite Pengembangan Usaha Baru | Investment Commitee Meetings

       Ardy Hady Wijaya                 Komisaris Utama | President Commissioner                               3 of 3                100

       Richard Halim Kusuma             Komisaris | Commissioner                                               3 of 3                100

       Lim Bing Tjay                    Komisaris Independen | Independent Commissioner                        3 of 3                100

       I Gusti Putu Suryawirawan        Komisaris Independen | Independent Commissioner                        3 of 3                100

       Andreas Harun Djumadi   1)
                                        Komisaris | Commissioner                                               2 of 2                100

       Rapat Komite Audit | Audit Commitee Meetings

       Ardy Hady Wijaya                 Komisaris Utama | President Commissioner                               4 of 4                100

       Richard Halim Kusuma             Komisaris | Commissioner                                               4 of 4                100

       Lim Bing Tjay                    Komisaris Independen | Independent Commissioner                        4 of 4                100

       I Gusti Putu Suryawirawan        Komisaris Independen | Independent Commissioner                        4 of 4                100

       Andreas Harun Djumadi1)          Komisaris | Commissioner                                               4 of 4                100

       1) Menjabat sebagai Komisaris Independen terhitung sejak penutupan RUPST tanggal 30 Juni 2023
          Served as Independent Commissioners since the closing of the AGMS on 30 June 2023




184      P T E R A J AYA S WA S E M B A D A T B K                                                                  L A P O R A N TA H U N A N 2 0 2 3
Page 187
                                                                                                   corporate governance




  Kehadiran Anggota Dewan Komisaris Pada RUPS                                 Attendance of members of the Board of Commissioners at
                                                                              the GMS
  Pada tahun 2023 Perseroan menyelenggarakan 2 (dua) kali                     In 2023 the Company held 2 (two) GMS, namely the AGMS on
  RUPS yaitu RUPST tanggal 30 Juni 2023 dan 1 (satu) kali                     30 June 2023 and EGMS on 6 September 2023. Information
  RUPSLB tanggal 6 September 2023. Informasi kehadiran                        on the attendance of members of the Board of Commissioners
  anggota Dewan Komisaris dalam RUPST dan RUPSLB                              at the AGMS and EGMS is presented in the GMS sub-chapter.
  tersebut disajikan pada subbab RUPS.

  PENGEMBANGAN KOMPETENSI                                                     COMPETENCE DEVELOPMENT

  Kebijakan                                                                   Policy
  Anggota Dewan Komisaris harus senantiasa memperluas                         Members of the Board of Commissioners must always
  dan meningkatkan pengetahuan yang dimilikinya untuk                         expand and improve their knowledge to carry out their
  menjalankan tugas pengawasan dan pemberian nasihat                          supervisory and advisory duties to the Board of Directors.
  kepada Direksi. Untuk itu anggota Dewan Komisaris                           For that purpose, members of the Board of Commissioners
  perlu mengikuti program pengembangan kompetensi                             encourange to participate in a continuous competence
  berkelanjutan.                                                              development program.

  Program Pengembangan kompetensi dapat berupa                                Competence development programs can be in the form of
  pelatihan eksekutif, seminar, workshop, atau short course.                  executive training, seminars, workshops, or short courses. The
  Dewan Komisaris menyusun program yang akan diikuti                          Board of Commissioners prepares programs to participate
  dan memasukkan dalam Rencana Kerja Tahunan. Program                         in and include them in the Annual Work Plan. Competence
  pengembangan kompetensi anggota Dewan Komisaris dapat                       development programs for members of the Board of
  dilakukan di dalam dan di luar negeri.                                      Commissioners can be carried out domestically and abroad.

  Anggota Dewan Komisaris yang telah mengikuti program                        Participating members of the Board of Commissioners are
  pelatihan diharapkan dapat berbagi informasi dan                            expected to share the knowledge gained with other members
  pengetahuan (sharing knowledge) kepada anggota Dewan                        of the Board of Commissioners and the Board of Directors.
  Komisaris lainnya dan Direksi.


   Program Pengembangan Kompetensi yang Diikuti pada Tahun 2023
   Competence Development Programs Attended in 2023

              Peserta                               Program                       Penyelenggara          Tanggal                Venue
             Participant                            Program                         Organizer             Date                  Lokasi


   Seluruh anggota Dewan            Seminar & Interactive Session with BCA,           BCA                22 Mei          Erajaya Plaza, Jakarta
   Komisaris                        Macroeconomics Global & Domestic                                     22 May
   All members of the Board of      Outlook “Resilience during Global
   Commissioners                    Uncertainty”

   Andreas Harun Djumadi            Program Orientasi Anggota Direksi dan           Corporate             4 Juli         Erajaya Plaza, Jakarta
                                    Dewan Komisaris baru.                           Secretary             4 July
                                    Oritentation program for new Member
                                    of the Board of Directors & the Board of
                                    Commissioners.

   Catatan | Note:
   BCA: PT Bank Central Asia Tbk.



  Program Orientasi                                                           Orientation Program
  Setiap anggota Dewan Komisaris baru yang diangkat untuk                     Newly appointed members of the Board of Commissioners
  pertama kalinya wajib mengikuti program pengenalan                          are required to participate in an orientation program regarding
  mengenai Perseroan. Program pengenalan meliputi:                            the Company. The orientation program materials include:
  a. Pelaksanaan prinsip-prinsip GCG,                                         a. Implementation of GCG principles,
  b. Gambaran mengenai Perseroan meliputi visi, misi, nilai-                  b. Description of the Company including vision, mission,
      nilai luhur, lingkup kegiatan usaha, kinerja keuangan dan                   noble values, scope of business activities, financial and
      operasional, strategi, rencana usaha jangka pendek dan                      operational performance, strategy, short-term and long-
      jangka panjang, posisi kompetitif, risiko, dan masalah                      term business plans, competitive position, risk, and other
      strategis lainnya,                                                          strategic issues,
  c. Keterangan mengenai tugas dan tanggung jawab Dewan                       c. Information regarding duties and responsibilities of the
      Komisaris serta hal-hal yang tidak diperbolehkan.                           Board of Commissioners and things that are not allowed.




2023 ANNUAL REPORT                                                                                P T E R A J AYA S WA S E M B A D A T B K        185
Page 188
            tata k e l o l a p e r u s a h a a n




      Program pengenalan dapat berupa presentasi, pertemuan,           The orientation program can be in the form of presentations,
      kunjungan ke unit bisnis dan anak perusahaan, serta             meetings, visits to business units and subsidiaries, as well as
      pengkajian dokumen atau program lainnya yang dianggap           review of documents or other programs deemed relevant.
      relevan.

      Penyelenggaraan program orientasi dikembangkan dan              The orientation program is developed and led by The
      dipimpin oleh Sekretaris Perusahaan. Sekretaris Perusahaan      Corporate Secretary. Corporate Secretary prepares all
      menyiapkan hal-hal yang diperlukan untuk melakukan program      necessary matters to conduct an induction program such as
      pengenalan seperti materi program orientasi, jadwal pertemuan   orientation program materials, meeting schedules with the
      dengan Direksi dan manajemen, materi presentasi, serta jadwal   Board of Directors and management, presentation materials,
      kunjungan ke unit bisnis/anak perusahaan bila diperlukan.       as well as visits to business units/subsidiaries when necessary.

      Pada tahun 2023, Perseroan menyelenggarakan program             In 2023, the Company held an orientation program for Mr.
      orientasi bagi Bapak Andreas Harun Djumadi selaku anggota       Andreas Harun Djumadi as new member of the Company’s
      baru Dewan Komisaris Perseroan.                                 Board of Commissioners.




      PENILAIAN KINERJA DIREKSI
      DAN DEWAN KOMISARIS
      PERFORMANCE EVALUATION OF THE BOARD OF DIRECTORS AND
      THE BOARD OF COMMISSIONERS
      PENILAIAN KINERJA DIREKSI                                       PERFORMANCE ASSESSMENT OF BOARD OF
      Penilaian kinerja Direksi dilakukan oleh Dewan Komisaris        DIRECTORS
      berdasarkan kriteria penilaian yang telah dirumuskan oleh       Board of Commissioners evaluates performance of Board of
      Dewan Komisaris yang menjalankan fungsi Nominasi dan            Directors based on assessment criteria formulated by Board
      Remunerasi Perseroan dan dituangkan dalam bentuk Key            of Commissioners that carries out the Company’s Nomination
      Performance Indicators (KPI) Direksi yang disetujui dan         and Remuneration functions and are set forth in the form of
      ditandatangani Direksi di awal tahun. Hasil penilaian kinerja   Key Performance Indicators (KPI) for Board of Directors which
      Direksi oleh Dewan Komisaris disampaikan dan dilaporkan         is approved and signed by Board of Directors at the beginning
      dalam RUPS.                                                     of the year. The results of performance assessment of Board
                                                                      of Directors by Board of Commissioners are submitted and
                                                                      reported at GMS.

      Di samping penilaian kinerja Direksi berdasarkan kriteria       In addition to assessing the performance of Board of
      umum, Dewan Komisaris dapat melakukan penilaian kinerja         Directors based on general criteria, Board of Commissioners
      berdasar faktor lainnya, baik secara individual maupun          may evaluate their performance based on other factors, both
      kolektif.                                                       individually and collectively.

      PENILAIAN KINERJA DEWAN KOMISARIS                               PERFORMANCE ASSESSMENT OF THE BOARD OF
                                                                      COMMISSIONERS
      Penilaian kinerja Dewan Komisaris dilaksanakan dengan           Performance assessment of the Board of Commissioners is
      sistem self assessment. Penilaian kinerja Dewan Komisaris       carried out using a self-assessment system. Performance
      berdasarkan indikator umum yang ditetapkan dalam Rapat          assessment of the Board of Commissioners is based on general
      Dewan Komisaris. Penilaian kinerja Dewan Komisaris              indicators set out in the Board of Commissioners meeting.
      dilakukan setiap tahun, dimuat dalam laporan tahunan dan        Performance assessment of the Board of Commissioners is
      diinformasikan kepada RUPS.                                     carried out on an annual basis and included in the annual
                                                                      report to be submitted to GMS.

      Salah satu bentuk penilaian dari hasil kinerja Direksi dan      One form of performance assessment of the Board of
      Dewan Komisaris adalah pemberian pembebasan tanggung            Directors and the Board of Commissioners is the granting
      jawab sepenuhnya (acquit et de charge) secara kolegial          of acquit et de charge from shareholders to the Board of
      kepada Direksi atas tindakan pengurusan yang telah dilakukan    Directors for management measures that have been taken
      dan kepada Dewan Komisaris atas tindakan pengawasan             and to tbe Board of Commissioners for supervisory measures
      yang telah dilakukan selama tahun buku sebelumnya dari          during the previous financial year.
      pemegang saham Perseroan.


186      P T E R A J AYA S WA S E M B A D A T B K                                                        L A P O R A N TA H U N A N 2 0 2 3
Page 189
                                                                                   corporate governance




  PENILAIAN ATAS KINERJA
  KOMITE PENDUKUNG TUGAS
  DEWAN KOMISARIS
  EVALUATION OF THE PERFORMANCE OF THE BOARD OF
  COMMISSIONERS COMMITTEE

  Dewan Komisaris membentuk Komite Audit untuk                  The Audit Committee’s duty is to provide professional and
  memberikan pendapat profesional dan independen kepada         independent opinions to the Board of Commissioners on
  Dewan Komisaris terhadap laporan atau hal-hal yang            reports or matters submitted by the Board of Commissioners.
  disampaikan oleh Dewan Komisaris. Komite Audit membantu       Audit Committee assists in monitoring and evaluating internal
  memantau dan mengevaluasi kegiatan audit internal,            audit activities, the activities of independent auditors in
  kegiatan auditor independen dalam mengaudit laporan           auditing financial statements, as well as reviewing quarterly
  keuangan, serta menelaah laporan kinerja triwulanan yang      performance reports which will be reported to the authorities
  akan dilaporkan kepada otoritas dan dipublikasikan kepada     and published to the public in the context of information
  publik dalam rangka keterbukaan informasi.                    disclosure.

  PROSEDUR PENILAIAN KINERJA DAN KRITERIA                       PERFORMANCE ASSESSMENT PROCEDURES AND
  YANG DIGUNAKAN                                                CRITERIAS
  Dewan Komisaris melakukan penilaian kinerja anggota           The Board of Commissioners evaluates the performance of
  Komite Audit baik secara individual maupun secara kolektif    Audit Committee members both individually and collectively
  setiap 1 tahun dengan indikator penilaian sebagai berikut:    every 1 year with the following assessment indicators:
  a. Kehadiran dalam rapat Komite Audit,                        a. Attendance at Audit Committee meetings,
  b. Kesediaan menyediakan waktu dan upaya dalam                b. Willingness to provide time and effort in fulfilling its
      memenuhi tugas dan tanggung jawabnya sebagai                 duties and responsibilities as a member of the Audit
      anggota Komite Audit,                                        Committee,
  c. Kualitas dan saran yang diberikan dalam rapat-rapat,       c. The quality of advice given in meetings,
  d. Kualitas dalam melakukan penelaahan atas informasi         d. The quality in reviewing financial information to be
      keuangan yang akan dipublikasikan, proyeksi, dan             published, projections and other financial information,
      informasi keuangan lain, termasuk proses penyiapannya,       including the process of its preparation,
  e. Memenuhi ketentuan dalam standar etika Perseroan,          e. Meet the provisions in the Company’s ethical standards,
  f. Kontribusi dalam melakukan review terhadap hasil           f. Contribution in conducting a review of the independent
      pemeriksaan auditor independen,                              auditor’s audit results,
  g. Tingkat review yang dilakukan atas audit planning          g. The level of reviews conducted on audit planning and
      dan kecukupan program audit yang dibuat oleh auditor         the adequacy of audit programs made by independent
      independen,                                                  auditors,
  h.    Kontribusi dalam melakukan review terhadap hasil        h. Contribution in conducting a review of the audit results
      pemeriksaan internal auditor,                                from internal auditor,
  i.   Review yang dilakukan terhadap Piagam Audit Internal     i. Review on the Internal Audit Charter and audit
      dan pedoman pelaksanaan audit (SOP audit),                   implementation guidelines (SOP audit),
  j. Evaluasi yang dilakukan terhadap kebijakan dan rencana     j. Evaluation on the policies and annual work plan of
      kerja tahunan Unit Audit Internal,                           Internal Audit Unit,
  k. Kontribusi dalam mengidentifikasi aktivitas Perseroan      k. Contribution in identifying the Company’s activities that
      yang memiliki risiko tinggi dan analisis terhadap upaya      have high risks and analysis of the necessary mitigation
      mitigasi yang diperlukan.                                    efforts.




2023 ANNUAL REPORT                                                                P T E R A J AYA S WA S E M B A D A T B K      187
Page 190
           tata k e l o l a p e r u s a h a a n




      PENILAIAN ATAS KINERJA KOMITE AUDIT TAHUN                     EVALUATION OF AUDIT COMMITTEE
      2023                                                          PERFORMANCE IN 2023
      Dewan Komisaris berpendapat bahwa sepanjang tahun 2023        The Board of Commissioners believes that throughout 2023,
      Komite Audit telah bekerja dengan baik sesuai ketentuan       the Audit committee has performed well in accordance with
      GCG. Komite Audit bekerja aktif menganalisis dan merespons    GCG provisions. The Audit Committee actively worked to
      perubahan lingkungan bisnis yang berpengaruh terhadap         analyze and respond to changes in the business environment
      kinerja Perseroan.                                            that affect the Company’s performance.

      Komite Audit memberikan rekomendasi yang dibutuhkan           The Audit Committee provided the recommendations needed
      Dewan Komisaris dalam rangka melaksanakan keputusan           by the Board of Commissioners in implementing the fiscal year
      RUPST tahun buku 2022 untuk menunjuk Kantor Akuntan           2022 AGMS resolution to appoint Public Accounting Firm to
      Publik yang akan mengaudit Laporan Keuangan Konsolidasian     audit the Consolidated Financial Statements of the Company
      Perseroan dan Entitas Anak untuk tahun buku 2023 dan          and Subsidiaries for the fiscal year 2023 and determine
      menetapkan     persyaratan-persyaratan   lain,  termasuk      other requirements, including honorarium, in relation to the
      honorarium, sehubungan penunjukan Kantor Akuntan Publik.      appointment of the Public Accounting Firm.

      Komite Audit juga membantu Dewan Komisaris dalam              The Audit Committee also assists the Board of Commissioners
      menyiapkan tanggapan Dewan Komisaris terkait permintaan       in preparing the Board of Commissioners’ responses related
      persetujuan, dukungan, saran/nasihat dari Direksi setelah     to requests for approval, support, advice/recommendation
      melakukan proses penelaahan yang mendalam.                    from the Board of Directors after conducting a thorough
                                                                    review process.

      Pada tahun 2023, Komite Audit mengadakan 4 (empat)            In 2023, the Audit Committee held 4 (four) Audit Committee
      kali rapat Komite Audit yang seluruhnya dihadiri Dewan        meetings, all of which are attended by the Board of
      Komisaris dan Direksi, dan 2 (dua) sirkuler pengganti rapat   Commissioners and the Board of Directors, and 2 (two)
      Komite Audit. Rapat Komite Audit juga dapat dihadiri oleh     circulars to substitute Audit Committee meetings. Audit
      manajemen, Unit Audit Internal, dan auditor eksternal.        Committee meetings may also be attended by management,
                                                                    the Internal Audit Unit, and external auditors.

      Semua pencapaian atas pelaksanaan tugas Komite Audit          All achievements in carrying out the duties of the Audit
      selama 2023 menjadi dasar pertimbangan bagi Dewan             Committee in 2023 were the basis for consideration for the
      Komisaris dalam memberikan penilaian kinerja yang positif.    Board of Commissioners in providing positive performance
                                                                    assessment.




      NOMINASI DAN REMUNERASI
      DEWAN KOMISARIS DAN DIREKSI
      NOMINATION AND REMUNERATION OF BOARD OF
      COMMISSIONERS AND BOARD OF DIRECTORS

      PROSEDUR NOMINASI DEWAN KOMISARIS DAN                         PROCEDURES FOR NOMINATING BOARD OF
      DIREKSI                                                       COMMISSIONERS AND BOARD OF DIRECTORS
      Anggota Direksi dan Dewan Komisaris Perseroan diangkat        Members of the Company’s Board of Directors and
      dan diberhentikan oleh RUPS. Usulan pengangkatan,             Board of Commissioners are appointed and dismissed
      penggantian dan/atau pemberhentian anggota Direksi dan        by GMS. Proposals for appointment, replacement and/
      Dewan Komisaris disampaikan kepada RUPS berdasarkan           or dismissal of members of the Board of Directors and the
      rekomendasi dari Komite Nominasi dan Remunerasi yang          Board of Commissioners are submitted to GMS based on
      hingga saat ini dijalankan oleh Dewan Komisaris.              recommendations from Nomination and Remuneration
                                                                    Committee which are currently being carried out by the Board
                                                                    of Commissioners.

      Kriteria dan persyaratan calon Direktur dan Komisaris         The criteria and requirements for candidates for members
      mengacu pada ketentuan peraturan perundangan-undangan         of the Board of Directors and the Board of Commissioners
      serta peraturan yang terkait dengan kegiatan usaha            refer to the laws and regulations related to the Company’s



188      P T E R A J AYA S WA S E M B A D A T B K                                                    L A P O R A N TA H U N A N 2 0 2 3
Page 191
                                                                                           corporate governance




  Perseroan. Anggota Direksi dan Dewan Komisaris setelah               business activities. Members of the Board of Directors and
  masa jabatannya berakhir dapat diangkat kembali sesuai               the Board of Commissioners can be reappointed after their
  dengan keputusan RUPS.                                               term of office ends in accordance with GMS resolutions.

  Nominasi Dewan Komisaris                                             Nomination of Board of Commissioners
  Dewan Komisaris menyusun kriteria sesuai dengan                      The Board of Commissioners prepares criteria according to
  kebutuhan Perseroan dan melaksanakan proses nominasi                 the needs of the Company and carries out nomination process
  bagi calon anggota Dewan Komisaris. Hasil nominasi dibahas           for prospective members of the Board of Commissioners. The
  dan diputuskan dalam rapat Dewan Komisaris. Dewan                    nomination results are discussed and decided in the Board
  Komisaris mengusulkan calon anggota Dewan Komisaris                  of Commissioners meeting. The Board of Commissioners
  yang memenuhi syarat kemampuan dan integritas sebagai                proposes the candidates for members of the Board of
  anggota Dewan Komisaris kepada pemegang saham untuk                  Commissioners who meet the capability and integrity
  ditetapkan di dalam RUPS.                                            requirements as members of the Board of Commissioners to
                                                                       shareholders to be determined at GMS.

  Nominasi Direksi                                                     Nomination of the Board of Directors
  Proses nominasi Direksi dilakukan oleh Dewan dengan                  The nomination process for the Board of Directors is carried
  mekanisme tertentu. Hasil proses nominasi oleh Dewan                 out by the Board of Commissioners using a certain mechanism.
  Komisaris disampaikan dan ditetapkan di dalam RUPS.                  The results of nomination process conducted by the Board
  Calon anggota Direksi yang telah dinyatakan lulus wajib              of Commissioners are submitted to and determined at GMS.
  menandatangani kontrak manajemen yang berisikan                      Prospective members of the Board of Directors who have
  pernyataan untuk memenuhi segala tugas dan kewajiban                 passed the nomination process must sign a management
  sebagai Direksi Perseroan.                                           contract which contains a statement to fulfil all duties and
                                                                       obligations as members of the Board of Directors of the
                                                                       Company.

  PROSEDUR DAN PELAKSANAAN REMUNERASI                                  PROCEDURE AND IMPLEMENTATION OF
  DEWAN KOMISARIS DAN DIREKSI                                          REMUNERATION FOR THE BOARD OF
                                                                       COMMISSIONERS AND THE BOARD OF DIRECTORS
  Remunerasi Direksi dan Dewan Komisaris Perseroan yang                Remuneration of the Company’s Board of Directors and
  terdiri dari gaji/honorarium, tunjangan dan fasilitas yang           Board of Commissioners consisting of salary/honorarium,
  bersifat tetap ditetapkan dengan mempertimbangkan faktor             allowances and facilities that are fixed in nature are
  pendapatan, aktiva, kondisi dan kemampuan keuangan                   determined by considering the Company’s income, assets,
  Perseroan, tingkat inflasi dan faktor-faktor lain yang relevan       financial condition and capability, inflation rate and other
  serta tidak bertentangan dengan peraturan perundang-                 relevant factors as they do not violate the prevailing rules and
  undangan. Sedangkan tunjangan yang bersifat variabel                 regulations. The amount of allowance, which are variable in
  dilakukan dengan mempertimbangkan faktor pencapaian                  nature, is determined against target achievement factor and
  target dan faktor-faktor lain yang relevan.                          other relevant factors.



  Prosedur Penetapan Remunerasi Dewan Komisaris
  PROCEDURE FOR DETERMINING THE REMUNERATION OF THE BOARD OF COMMISSIONERS

      Rapat Umum Pemegang Saham
                                                   Pemegang Saham Mayoritas                      Pemegang Saham Mayoritas
                  (RUPS)
                                                      Majority Shareholder                          Majority Shareholder
     General Meeting Shareholders (GMS)


    Memberikan kewenangan pada pemegang           Melakukan penilaian terhadap kinerja          Menetapkan besarnya gaji, uang jasa,
         saham mayoritas yaitu PT Eralink        Dewan Komisaris kemudian melakukan            dan tunjangan seluruh anggota Dewan
    International untuk menentukan besarnya       kajian penetapan remunerasi seluruh           Komisaris berdasarkan kinerja Dewan
       gaji dan tunjangan dan/atau manfaat             Anggota Dewan Komisaris.                              Komisaris.
       lainnya Dewan Komisaris Perseroan.

      Delegates the authority to the majority   Assesses the performance of the Board
                                                                                              Determines the amount of salaries, fees,
           shareholder, namely PT Eralink       of Commissioners and then reviews the
                                                                                               and allowances for all members of the
      International, to determine the amount     determination of remuneration for all
                                                                                                Board of Commissioners based on its
       of salary and allowances and/or other    members of the Board of Commissioners.
        benefits for the Company’s Board of                                                                performance.
                   Commissioners.




2023 ANNUAL REPORT                                                                        P T E R A J AYA S WA S E M B A D A T B K        189
Page 192
              tata k e l o l a p e r u s a h a a n




      Prosedur Penetapan Remunerasi Direksi
      PROCEDURE FOR DETERMINING THE REMUNERATION OF THE BOARD OF DIRECTORS

          Rapat Umum Pemegang Saham
                                                                        Dewan Komisaris                                   Dewan Komisaris
                      (RUPS)
                                                                      Board of Commissioners                            Board of Commissioners
         General Meeting Shareholders (GMS)




         Memberikan kewenangan kepada Dewan                       Melakukan penilaian terhadap kinerja            Menetapkan besarnya gaji, uang jasa,
         Komisaris Perseroan untuk menentukan                      Direksi kemudian melakukan kajian              dan tunjangan seluruh anggota direksi
          besarnya gaji, uang jasa, dan tunjangan                penetapan remunerasi seluruh anggota                  berdasarkan kinerja Direksi.
                 seluruh anggota Direksi.                                       Direksi.

              Giving authority to the Board of               Assessing the performance of the Board             Determine the amount of salaries, fees, and
             Commissioners of the Company to                   of Directors and then reviewing the              allowances for all members of the Board of
         determine the amount of salary, fees, and            determination of remuneration for all             Directors based on the performance of the
         allowances for all members of the Board               members of the Board of Directors.                           Board of Directors.
                       of Directors.




      Keputusan RUPST tanggal 30 Juni 2023 terkait remunerasi                          The summary of the resolutions of the AGMS on 30 June
      Direksi dan Dewan Komisaris Perseroan untuk tahun buku                           2023 regarding the remuneration of the Board of Directors
      2023 adalah menyetujui melimpahkan kewenangan kepada                             and the Board of Commissioners of the Company for the
      Pemegang Saham Utama untuk menetapkan gaji/honorarium                            fiscal year 2023 was to approve on delegating authority
      dan tunjangan anggota Dewan Komisaris, dan memberikan                            to the Company’s Major Shareholders to determine the
      kewenangan kepada Dewan Komisaris untuk menetapkan                               salaries/honorariums and allowances of members of the
      gaji, tunjangan, tugas dan wewenang Direksi Perseroan.                           Board of Commissioners, and give authority to the Board of
                                                                                       Commissioners to determine the salaries, benefits, duties and
                                                                                       authorities of the Board of Directors of the Company.

       Struktur Remunerasi
       Remuneration Structure

                                        Dewan Komisaris                                                                Direksi
        No.
                                      Board of Commissioners                                                      Board of Directors


         1      Honorarium | Honorarium                                                  Gaji | Salary

         2      Tunjangan Hari Raya | Religious Holiday Allowance                        Tunjangan Hari Raya | Religious Holiday Allowance

         3      Fasilitas | Facility:                                                    Fasilitas | Facility:
                • Fasilitas kendaraan | Vehicle facility                                 • Fasilitas kendaraan | Vehicle facility
                • Fasilitas kesehatan | Medical facility                                 • Fasilitas kesehatan | Medical facility
                • Fasilitas bantuan hukum | Legal aud facility                           • Fasilitas bantuan hukum | Legal aud facility

         4      Bonus tahunan | Annual bonus                                             Bonus tahunan | Annual bonus


      Jumlah remunerasi Dewan Komisaris dan Direksi pada tahun                         The total remuneration for the Board of Commissioners and
      buku 2023 and 2022 adalah sebagai berikut:                                       the Board of Directors in the fiscal year 2023 and 2022 is as
                                                                                       follows:
                                                                                                    Gaji dan Imbalan Jangka Pendek (Rp juta)
                                       Deskripsi                                                    Salary and Short-term Benefit (Rp million)
                                      Description
                                                                                                    2022                                   2023


       Dewan Komisaris | Board of Commissioners                                                     26.903                                 29.424

       Direksi | Board of Directors                                                                 98.250                                104.767

       Jumlah | Total                                                                             125.153                                 134.191



      Pengungkapan Bonus Kinerja, Non-kinerja, dan/atau Opsi                           Disclosure of Performance, Non-performance Bonuses
      Saham                                                                            and/or Stock Options
      Remunerasi Direksi dan Dewan Komisaris pada tahun 2023                           Remuneration of Board of Directors and the Board of
      sebagaimana disebutkan di atas sudah termasuk tantiem.                           Commissioners in 2023 as mentioned above includes tantiem.
      Pada tahun 2023 Perseroan tidak memberikan bonus kinerja                         In 2023, the Company did not provide performance bonuses
      berupa opsi saham kepada Direksi dan Dewan Komisaris.                            in the form of stock options to Board of Directors and Board
                                                                                       of Commissioners.



190       P T E R A J AYA S WA S E M B A D A T B K                                                                            L A P O R A N TA H U N A N 2 0 2 3
Page 193
                                                                                           corporate governance




  KOMITE AUDIT
  AUDIT COMMITTEE

  “Komite Audit dibentuk untuk membantu pelaksanaan tugas
  dan fungsi Dewan Komisaris guna memastikan kualitas laporan
  keuangan; melakukan pengawasan atas penerapan GCG, prinsip-
  prinsip akuntansi dan proses pelaporan keuangan; kualifikasi dan
  independensi dari auditor eksternal; serta memastikan kepatuhan
  Perseroan terhadap peraturan perundang-undangan yang berlaku.
  Komite Audit juga bertanggung jawab untuk memastikan efektivitas
  pengendalian internal dan manajemen risiko perusahaan.”

  “Audit Committee is established to assist the implementation the Board of Commissioners duties and
  functions to ensure the quality of financial reports; to supervise the implementation of GCG, accounting
  principles and financial reporting processes; to review the qualifications and independence of external
  auditors; and to ensure the Company compliance with the applicable laws and regulations. Audit Committee
  is also responsible for ensuring the effectiveness of the company’s internal control and risk management.”



  KOMPOSISI KOMITE AUDIT                                            COMPOSITION OF AUDIT COMMITTEE
  Komite Audit Perseroan terdiri dari 3 (tiga) orang anggota,       The Company’s Audit Committee consists of 3 (three)
  dimana 1 (satu) orang Komisaris Independen sebagai Ketua          members, of which 1 (one) Independent Commissioner is the
  dan 2 (dua) orang anggota pihak independen yang memenuhi          Chairman and 2 (two) independent party members who meet
  persyaratan sesuai Peraturan OJK No. 55/POJK.04/2015              the requirements in accordance with OJK Regulation No. 55/
  tentang Pembentukan dan Pedoman Pelaksanaan Kerja                 POJK.04/2015 regarding the Establishment and Guidelines
  Komite Audit dan memiliki pemahaman yang memadai atas             for the Work Implementation of the Audit Committee and and
  bisnis yang dijalani Perseroan.                                   have an adequate understanding of the Company’s business.

  Keanggotaan Komite Audit diangkat dan diberhentikan               Members of the Audit Committee are appointed and dismissed
  oleh Dewan Komisaris. Komite Audit yang menjabat saat             by the Board of Commissioners. The current serving Audit
  ini diangkat berdasarkan Surat Keputusan Sirkuler sebagai         Committee was appointed based on a Circular Decree as a
  Pengganti Rapat Dewan Komisaris Nomor 001/SK.KOM/                 Substitute for the Board of Commissioners Meeting Number
  VI/2022 tanggal 24 Juni 2022 dan saat ini adalah periode          001/SK.KOM/VI/2022 dated 24 June 2022 and is currently
  jabatan kedua. Komposisi Komite Audit adalah sebagai              serving their second term. The composition of the Audit
  berikut:                                                          Committee is as follows:


                  Nama | Name                                                   Jabatan | Position


   I Gusti Putu Suryawirawan              Ketua merangkap Komisaris Independen | Chairman concurrently Independent Commissioner

   Khoe Minhari Handikusuma               Anggota | Member

   Dadang Mulyana                         Anggota | Member




2023 ANNUAL REPORT                                                                       P T E R A J AYA S WA S E M B A D A T B K   191
Page 194
            tata k e l o l a p e r u s a h a a n




      PROFIL ANGGOTA KOMITE AUDIT | PROFILE OF AUDIT COMMITTEE MEMBERS




                                             I Gusti Putu Suryawirawan
                                             Ketua Komite Audit | Chairman of Audit Committee


      Profil I Gusti Putu Suryawirawan tersedia pada bagian Profil Dewan Komisaris.
      Profile of I Gusti Putu Suryawirawan is available at section of Profile of the Board of Commissioners.




                                             Khoe Minhari Handikusuma
                                             Anggota Komite Audit | Member of Audit Committee


      Kewarganegaraan                        Indonesia
      Citizenship

      Domisili                               Jakarta
      Domicile

      Riwayat Pendidikan                     • Bachelor of Finance dari Wayland Baptist University, Texas, Amerika Serikat (1989).
      History of Education                     Bachelor of Finance from Wayland Baptist University, Texas, USA (1989).
                                             • Pemegang Sertifikasi Manajemen Risiko untuk Profesi Perbankan Level 5 – Bankers Association for Risk
                                               Management (BARA).
                                               Holder of Risk Management Certification for Banking Profession Level 5 – Bankers Association for Risk
                                               Management (BARA).

      Dasar Hukum Penunjukan                 Surat Keputusan Sirkuler sebagai Pengganti Rapat Dewan Komisaris Nomor 001/SK.KOM/VI/2022 tanggal 24
      Legal Basis of Appointment             Juni 2022.
                                             Circular Decree as a Substitute for the Board of Commissioners Meeting Number 001/SK.KOM/VI/2022 dated
                                             June 24, 2022.

      Pengalaman Kerja                       Memiliki pengalaman profesional lebih dari 30 tahun di industri perbankan dan lembaga keuangan di Indonesia.
      Working Experience                     Beliau pernah menjabat berbagai posisi senior di PT Bank Danamon Indonesia Tbk mulai dari tahun 1991 sebagai
                                             Kepala Cabang Jakarta, Wakil Kepala Regional DKI Jakarta (1996 – 2002), Kepala Wilayah Jawa Tengah dan
                                             Daerah Istimewa Yogyakarta (2002 – 2004), Kepala Bidang Penjualan dan Distribusi SEMM (2004 – 2008),
                                             Kepala Bidang Bisnis UKM (2008 – 2011), dan Direktur Bidang Bisnis Mikro (2011 – 2014). Beliau juga pernah
                                             menjabat sebagai Komisaris PT Adira Quantum Multifinance (2011 – 2014).
                                             He has over 30 years of professional experience in the Indonesian banking industry and financial institutions.
                                             He has held various senior positions at PT Bank Danamon Indonesia Tbk starting from 1991 as Jakarta Branch
                                             Manager, Deputy Regional Head of Jakarta (1996 – 2002), Regional Head of Central Java and Special Region
                                             of Yogyakarta (2002 – 2004), Sales and Distribution Head of SEMM (2004 – 2008), SME Business Head (2008
                                             – 2011), and Micro Business Director (2011 – 2014). He also served as Commissioner of PT Adira Quantum
                                             Multifinance (2011 – 2014).

      Rangkap Jabatan                        Komisaris Independen, merangkap Ketua Komite Remunerasi dan Nominasi dan Ketua Komite Pemantau Risiko
      Concurrent Position                    PT Bank Sahabat Sampoerna.
                                             Independent Commissioner, concurrently Chairman of Remuneration and Nomination Committee and Chairman of
                                             Risk Monitoring Committee of PT Bank Sahabat Sampoerna.




192      P T E R A J AYA S WA S E M B A D A T B K                                                                          L A P O R A N TA H U N A N 2 0 2 3
Page 195
                                                                                                 corporate governance




                                Dadang Mulyana
                                Anggota Komite Audit | Member of Audit Committee


   Kewarganegaraan              Indonesia
   Citizenship

   Domisili                     Bekasi, Jawa Barat
   Domicile                     Bekasi, West Java

   Riwayat Pendidikan           • Magister Sains (M.Si) Ilmu Administrasi Bisnis dari Universitas Indonesia (2005)
   History of Education           Master of Science (M.Si) in Business Administration from the University of Indonesia (2005)
                                • Diploma IV/Strata 1 sebagai Sarjana Akuntansi (Akuntan) dari Sekolah Tinggi Akuntansi Negara (STAN),
                                  Jakarta (1993)
                                  Diploma and Bachelor of Finance from State College of Accountancy (STAN), Jakarta (1993)
                                • Pemegang sertifikasi profesi Certified Fraud Examiner (CFE) dari Association of Certified Fraud Examiners
                                  (ACFE), Austin Amerika Serikat (sejak 2001)
                                  Certified Fraud Examiner (CFE) from Association of Certified Fraud Examiners (ACFE), Austin Amerika Serikat
                                  (since 2001)
                                • Akuntan Beregister Negara dari Kementerian Keuangan Republik Indonesia (tahun 1993)
                                  State Registered Accountants from Ministry of Finance (since 1993)

   Dasar Hukum Penunjukan       Surat Keputusan Sirkuler sebagai Pengganti Rapat Dewan Komisaris Nomor 001/SK.KOM/VI/2022 tanggal 24
   Legal Basis of Appointment   Juni 2022.
                                Circular Decree as a Substitute for the Board of Commissioners Meeting Number 001/SK.KOM/VI/2022 dated
                                June 24, 2022.

   Pengalaman Kerja             Memiliki pengalaman profesional lebih dari 30 tahun di bidang audit internal dan risk assesment. Beliau pernah
   Working Experience           menjabat beberapa posisi manajerial senior di PT Indofarma (Persero) Tbk, yaitu sebagai Manager Audit Internal/
                                Satuan Pengawasan Intern (SPI), Manajer SDM dan Umum, Manajer Sistem Manajemen, dan Manajer Perencanaan
                                & Pengendalian Keuangan pada periode 2004 hingga 2021. Sebelumnya, beliau berkarir sebagai ASN Badan
                                Pengawasan Keuangan dan Pembangunan (BPKP) pada periode 1987 hingga 2004, di antaranya sebagai anggota
                                Tim Audit Direktorat Pengawasan Usaha Perminyakan (PT Pertamina) – Deputi Bidang Pengawasan Minyak
                                Bumi dan Gas Bumi BPKP (1987 – 1990), sebagai Akuntan atau Ketua Tim Audit pada Kantor BPKP Perwakilan
                                Provinsi Bali (1993 – 1999), Ketua Tim Audit pada Direktorat Evaluasi Kinerja dan Tata Kerja – Deputi Bidang
                                Perencanaan & Analisa BPKP (1999 – 2000), Kepala Seksi Pengawas Penerimaan di Kantor BPKP Perwakilan
                                Provinsi Sumatera Selatan (2000 – 2001), dan Pengendali Teknis/Auditor Ahli Muda di Direktorat Investigasi
                                Instansi Pemerintah – Deputi Bidang Investigasi BPKP (2001 - 2004).
                                He has over 30 years of professional experience in the internal audit and risk assesment field. He has held several
                                senior and key managerial position in PT Indofarma (Persero) Tbk starting from 2004 to 2021 as Manager of
                                Internal Audit (SPI), Manager of Human Capital and General Affairs, Manager of Management System, and
                                Manager of Financial Planning & Control. Previously, he had a career as State Civil Apparatus at the Indonesian
                                Finance and Development Supervisory Board (BPKP) starting from 1987 to 2004 including served as Audit
                                Team for Directorate of Petroleum Business Supervision ( PT Pertamina) – Deputy for Petroleum and Natural Gas
                                Supervision of BPKP (1987 - 1990), Accountant or Head of Audit Team for State/Regional Owned Enterprises
                                Supervisory Board – BPKP Bali Representative Office (1993 - 1999), Head of Audit Team for Directorate of
                                Performance Evaluation and Work Procedures – Deputy of Planning & Analysis of BPKP (1999 - 2000), Section
                                Head for Revenue Supervisory Board – BPKP South Sumatera Representative Office (2000 - 2001), and Technical
                                Controllers/Young Expert Auditors for Directorate Investigations of Government Institutional – Deputy for BPKP
                                (2001 - 2004).

   Rangkap Jabatan              Komite Audit pada salah satu Badan Usaha Milik Negara (sejak 20 September 2021) dan aktif sebagai anggota
   Concurrent Position          aktif Ikatan Akuntan Indonesia Cabang Jakarta (sejak 1993)
                                Audit Committee of a State-Owned Company (since September 20, 2021) and as active member of Indonesian
                                Accountant Association Jakarta Branch (since 1993).




2023 ANNUAL REPORT                                                                             P T E R A J AYA S WA S E M B A D A T B K               193
Page 196
              tata k e l o l a p e r u s a h a a n




      PROGRAM PENGEMBANGAN KOMPETENSI                                          COMPETENCE DEVELOPMENT PROGRAM
      Pada tahun 2023, anggota Komite Audit mengikuti program                  In 2023, members of the Audit Committee participated in the
      pelatihan dan peningakatan kompetensi sebagai berikut:                   following training and competence development programs:


                       Peserta                       Program                     Penyelenggara                      Tanggal            Lokasi
        No.
                      Participant                    Program                       Organizer                         Date             Location


        1       Dadang Mulyana           GRC Master Class Program:   Kementerian Badan Usaha Milik Negara      13 Juli 2023       Jakarta
                                         ESG For Auditor             The Ministry of State-Owned Enterprises   13 July 2023

        2       Dadang Mulyana           GRC Master Class Program:   Kementerian Badan Usaha Milik Negara      10 Agustus 2023    Jakarta
                                         Pre IPO dan Post IPO        The Ministry of State-Owned Enterprises   10 August 2023

        3       Dadang Mulyana           GRC Master Class Program:   Kementerian Badan Usaha Milik Negara      10 Agustus 2023    Jakarta
                                         Introduction to ESG & IFC   The Ministry of State-Owned Enterprises   10 August 2023
                                         Performance Standards

        4       Dadang Mulyana           GRC Master Class            Kementerian Badan Usaha Milik Negara      7 September 2023   Jakarta
                                         Program: Risk Management    The Ministry of State-Owned Enterprises   7 September 2023
                                         Effectiveness Evaluation

        5       Dadang Mulyana           GRC Master Class Program:   Kementerian Badan Usaha Milik Negara      28 September       Jakarta
                                         ESG For Boards              The Ministry of State-Owned Enterprises   2023
                                                                                                               28 September
                                                                                                               2023

        6       Dadang Mulyana           GRC Master Class Program:   Kementerian Badan Usaha Milik Negara      19 Oktober 2023    Jakarta
                                         Joint Venture Between SOE   The Ministry of State-Owned Enterprises   19 October 2023
                                         & Private Sector

        7       Dadang Mulyana           GRC Master Class            Kementerian Badan Usaha Milik Negara      19 Oktober 2023    Jakarta
                                         Program: CG Methodology     The Ministry of State-Owned Enterprises   19 October 2023
                                         & Environmental Social
                                         Manage-ment System

        8       Khoe Minhari             Risk Management             Badan Sertifikasi Manajemen Risiko        February 2023      Jakarta
                Handikusuma              Certification




                        PERNYATAAN INDEPENDENSI
                        STATEMENT OF INDEPENDENCY



                        Dalam menjalankan tugas dan tanggung jawabnya, seluruh anggota Komite Audit berkomitmen untuk
                        menjunjung tinggi prinsip GCG dengan bersikap objektif, profesional, dan independen. Komite Audit tidak akan
                        mengambil keputusan di bawah tekanan dan intervensi dari pihak manapun dan menghindari setiap potensi
                        benturan kepentingan. Seluruh anggota Komite Audit tidak memiliki hubungan afiliasi baik secara kekeluargaan
                        maupun hubungan bisnis dengan anggota Dewan Komisaris, Direksi dan Pemegang Saham Utama dan/atau
                        Pengendali.

                        In carrying out their duties and responsibilities, all members of Audit Committee are committed to upholding
                        GCG principles by being objective, professional and independent. The Audit Committee will not make decisions
                        under pressure and intervention of any party and avoid any potential conflict of interest. All members of Audit
                        Committee do not have affiliate relationships both in a family and business relationship with members of Board
                        of Commissioners, Board of Directors and Major and/or Controlling Shareholders.




194      P T E R A J AYA S WA S E M B A D A T B K                                                                   L A P O R A N TA H U N A N 2 0 2 3
Page 197
                                                                                           corporate governance




             PEDOMAN KERJA AUDIT
             AUDIT COMMITTEE CHARTER



             Komite Audit memiliki Pedoman Kerja Komite Audit sebagai acuan dalam melaksanakan tugasnya. Ketentuan
             yang diatur di dalam Pedoman Kerja Komite Audit meliputi: 1) Dasar hukum, 2) Tugas, tanggung jawab dan
             wewenang Komite, 3) Komposisi, struktur dan persyaratan keanggotaan Komite, 4) Kedudukan dalam organisasi, 5)
             Penyelenggaraan rapat Komite, 6) Pelaporan dan penanganan pengaduan atau pelaporan, 7) Masa jabatan, dan 8)
             Evaluasi kinerja Komite Audit.

             Audit Committee has an Audit Committee Charter as a guideline in carrying out its duty and functions. Provisions
             stipulated in Audit Committee Charter including: 1) Legal basis, 2) Duties, responsibilities and authorities of the
             Committee, 3) Composition, structure and criteria for as members of the Committee, 4) Position in organization, 5)
             Organizing Committee meetings, 6) Reporting and handling of complaints or reports, 7) Term of office, and 8) Audit
             Committee performance evaluation.




  TUGAS DAN TANGGUNG JAWAB                                            DUTIES AND RESPONSIBILITIES
  Tugas pokok dan tanggung jawab Komite Audit adalah:                 The main duties and responsibilities of the Audit Committee
                                                                      are:
  1. Melakukan penelaahan atas informasi keuangan yang                1. To review financial information that will be disclosed by
     akan dikeluarkan Perseroan kepada publik dan/atau                     the Company to the public and/or regulatory authorities,
     pihak otoritas antara lain laporan keuangan, proyeksi,                among others financial statements, financial projection,
     dan laporan lainnya terkait dengan informasi keuangan                 and other reports related to the Company’s financial
     Perseroan.                                                            information.
  2. Memeriksa hasil seleksi auditor independen dari                  2. To examine the results of independent auditor’s selection
     manajemen dan merekomendasikan calon auditor                          from the management and recommend independent an
     independen yang akan mengaudit laporan keuangan                       auditor candidate who will audit the Company’s financial
     tahunan Perseroan kepada Dewan Komisaris serta                        statements to the Board of Commissioners as well as
     melakukan pengawasan terhadap kinerja auditor                         perform monitoring on the external auditor’s performance.
     eksternal.                                                       3. To evaluate the effectiveness of the implementation of
  3. Melakukan evaluasi terhadap efektivitas pelaksanaan                   primary duties and functions of the Internal Audit.
     tugas pokok dan fungsi dari Audit Internal.
  4. Melakukan penelaahan terhadap desain dan pelaksanaan             4. To review the policy design and implementation, as
     kebijakan serta prosedur untuk memperoleh keyakinan                 well as the procedures, to achieve fair assurance on the
     yang memadai mengenai efektivitas pengendalian                      effectiveness of the internal control.
     internal.
  5. Memastikan terdapat pengendalian internal yang                   5. To ensure the establishment of proper internal control for
     memadai bahwa kegiatan operasi Perseroan dijalankan                 the Company’s operational activities to be carried out in
     dengan mematuhi peraturan perundang-undangan yang                   compliance with the applicable Stock Market laws and
     berlaku di bidang Pasar Modal dan peraturan perundang-              other regulations as well as other regulations that are
     undangan lainnya yang berkaitan dengan kegiatan                     related to the Company’s operational activities.
     operasi Perseroan.                                               6. To ensure that the internal control system and
  6. Memastikan      bahwa     sistem     dan    pelaksanaan             implementation in the Company have been sufficient to
     pengendalian internal telah cukup memadai di Perseroan              protect assets and record liabilities/loans correctly to
     dalam pengamanan aset dan pencatatan kewajiban/                     avoid the material risk related to Financial Statements
     utang secara benar sehingga dapat menghindari risiko                presentation during the fiscal year.
     materil penyajian Laporan Keuangan dalam satu tahun
     buku.
  7. Melaksanakan tugas khusus yang diberikan oleh Dewan              7. To carry out special assignment from the Board of
     Komisaris.                                                          Commissioners.




2023 ANNUAL REPORT                                                                        P T E R A J AYA S WA S E M B A D A T B K     195
Page 198
            tata k e l o l a p e r u s a h a a n




      RAPAT KOMITE AUDIT                                                           MEETINGS OF AUDIT COMMITTEE

      Kebijakan                                                                    Policy
      Komite Audit mengadakan rapat secara berkala sekurang-                       The Audit Committee holds at least 1 (one) meeting in two
      kurangnya 1 (satu) kali dalam dua bulan setiap tahun. Jika                   months every year. If deemed necessary, the Audit Committee
      dipandang perlu, Komite Audit dapat mengundang pihak lain                    may ask other parties to join its meetings to discuss related
      yang terkait dengan materi Rapat untuk hadir dalam Rapat.                    subjects. The invitation to the Meeting shall be made by the
      Panggilan Rapat dilakukan oleh Sekretaris Perusahaan                         Corporate Secretary via electronic mail to each member of
      melalui surat elektronik kepada setiap anggota Komite Audit                  the Audit Committee (four) days before the Meeting is held,
      (empat) hari sebelum Rapat diselenggarakan, dengan tidak                     excluding the date of invitation and the date of the Meeting.
      memperhitungkan tanggal pemanggilan dan tanggal Rapat.                       The summons for the meeting must include Meeting agenda,
      Pemanggilan Rapat harus mencantumkan agenda Rapat,                           date, time and place of the Meeting.
      tanggal, waktu dan tempat Rapat.

      Pelaksanaan Rapat                                                            Meetings
      Pada tahun 2023, Komite Audit mengadakan 6 (enam) kali                       In 2023, Audit Committee held 6 (six) meetings, of which two
      rapat di mana dua di antaranya dilakukan secara sirkuler                     were circular meetings as a substitute for Audit Committee
      sebagai pengganti rapat Komite Audit. Rapat Komite Audit                     meetings. Audit Committee meetings were also attended by
      juga dihadiri oleh anggota Direksi dan Dewan Komisaris.                      members of Board of Directors and Board of Commissioners.
      Tingkat kehadiran anggota Komite dan agenda rapat adalah                     The attendance rate of Committee members and meeting
      sebagai berikut:                                                             agendas are as follows:


                        Nama                                           Jabatan                           Jumlah Kehadiran*)            % Kehadiran
                        Name                                           Position                           Total Attendance             % Attendance


       I Gusti Putu Suryawirawan                  Ketua | Chairman                                              6 of 6                      100

       Khoe Minhari Handikusuma                   Anggota | Member                                              6 of 6                      100

       Dadang Mulyana                             Anggota | Member                                              6 of 6                      100




                      RINGKASAN KEGIATAN KOMITE AUDIT TAHUN 2023
                        SUMMARY OF AUDIT COMMITTEE ACTIVITIES IN 2023




                Komite Audit telah melaksanakan tugas dan tanggung jawabnya          Audit Committee performed the following duties and
                yang mengacu pada Pedoman Kerja Komite Audit, arahan Dewan           responsibilities referring to Audit Committee Charter, Board of
                Komisaris, dan ketentuan perundangan yang berlaku, sebagai           Commissioners directives and the applicable laws and regulations:
                berikut:
                • Mengadakan rapat sebanyak 6 (enam) kali termasuk bersama           • Organizing 6 (six) meetings including with the Board of
                  dengan Dewan Komisaris, Direksi, manajemen dan Unit Audit            Commissioners, the Board of Directors, management, and
                  Internal untuk melakukan penelaahan terhadap laporan                 Internal Audit Unit to review the quarterly and annual
                  keuangan triwulan dan tahunan yang akan disampaikan                  financial statements to be disclosed to the public. In addition,
                  kepada publik. Selain itu juga melakukan pertemuan dengan            the Committee organized meetings with the external auditor
                  auditor eksternal terkait hasil temuan audit dan draft Laporan       related to audit findings and the draft of Audited Financial
                  Keuangan Auditan tahun 2022 serta rencana pelaksanaan                Statements for year 2022 and audit implementation plan for
                  audit Laporan Keuangan tahun 2023.                                   Financial Statements 2023.
                • Memberikan masukan dan rekomendasi atas hasil laporan              • Providing inputs and recommendations on internal audit report
                  audit internal audit yang disiapkan oleh Unit Audit Internal         findings prepared by the Internal Audit Unit regularly or in
                  secara rutin maupun pada kasus khusus.                               certain cases.
                • Membahas temuan-temuan yang bersifat signifikan dan                • Discussing significant findings and their potential risks to the
                  berpotensi risiko bagi Perseroan, serta memerlukan tindakan          Company, which required immediate action.
                  segera.
                • Membahas peraturan-peraturan Bursa Efek Indonesia dan OJK          • Discussing new regulations by the Indonesia Stock Exchange
                  yang baru yang berdampak pada operasi Perseroan.                     and OJK with potential impacts on the Company’s operations.




196      P T E R A J AYA S WA S E M B A D A T B K                                                                         L A P O R A N TA H U N A N 2 0 2 3
Page 199
                                                                                    corporate governance




  KOMITE NOMINASI DAN
  REMUNERASI
  NOMINATION AND REMUNERATION COMMITTEE

  Sampai 31 Desember 2023, Perseroan tidak membentuk            Until December 31, 2023, The Company did not form
  Komite Nominasi dan Remunerasi, karena Perseroan              Nomination and Remuneration Committee, due to the
  memandang fungsi Nominasi dan Remunerasi dapat                Company views that the Nomination and Remuneration
  dijalankan oleh Dewan Komisaris. Dalam menjalankan fungsi     function can be managed by the Board of Commissioners. In
  nominasi dan remunerasi, setiap tahun Dewan Komisaris         carrying out the nomination and remuneration function, the
  melakukan kajian untuk menyusun usulan remunerasi bagi        Board of Commissioners conducts a yearly review to prepare
  Direksi dan Dewan Komisaris untuk disampaikan kepada          remuneration proposal of the Board of Directors and the
  RUPS. Dewan Komisaris juga melakukan review kandidat          Board of Commissioners to be submitted to GMS. The Board
  anggota Direksi dan/atau anggota Dewan Komisaris baru         of Commissioners also reviews candidate members of the
  untuk disampaikan dan disetujui RUPS.                         Board of Directors and/or the Board of Commissioners to be
                                                                proposed to and approved by the GMS.




  KOMITE DI BAWAH DIREKSI
  COMMITTEE UNDER THE BOARD OF DIRECTORS

  Direksi Perseroan membentuk komite-komite di bawah            The Company’s Board of Directors established committees
  Direksi untuk membantu pelaksanaan fungsi dan tugasnya.       under the Board of Directors to assist its functions and duties.
  Komite Direksi terdiri dari Komite Pengembangan Usaha         The Board of Directors Committee consists of the New
  Baru (Investment Committee/IC) dan Komite Komersial           Business Development Committee (Investment Committee/
  (Commercial Committee/CC).                                    IC) and the Commercial Committee (CC).

  IC bertugas untuk memastikan bahwa peluang usaha baru         The IC is tasked for ensuring that the new business
  yang diusulkan setiap unit bisnis/bisnis vertikal memenuhi    opportunities proposed by each business unit/vertical
  semua parameter standar kelayakan investasi yang              business meet all the established investment feasibility
  ditetapkan. Anggota IC terdiri dari seluruh anggota Direksi   standard parameters. IC members consist of all members of
  dan rapat CC dapat dihadiri oleh Dewan Komisaris.             the Board of Directors and CC meetings can be attended by
                                                                the Board of Commissioners.

  CC dibentuk untuk membantu jalannya pengawasan,               CC was formed to assist in monitoring, directing and making
  pengarahan, dan pengambilan keputusan terkait aspek           decisions related to operational and commercial aspects
  operasional dan Commercial Perseroan, terutama mengenai       of the Company, especially regarding the performance and
  kinerja dan perkembangan masing-masing bisnis vertikal        development of each of the Company’s vertical businesses.
  Perseroan. Anggota CC adalah Direksi Perseroan yang tidak     Members of the CC are the Company’s Directors who do not
  memiliki fungsi manajemen bisnis vertikal.                    have vertical business management functions.




2023 ANNUAL REPORT                                                                 P T E R A J AYA S WA S E M B A D A T B K        197
Page 200
           tata k e l o l a p e r u s a h a a n




      SEKRETARIS PERUSAHAAN
      CORPORATE SECRETARY




                                    “Sekretaris Perusahaan adalah organ pendukung
                                    Perseroan yang dibentuk dan bertanggung jawab
                                    langsung kepada Direksi untuk membantu
                                    pelaksanaan tugas Direksi terutama dalam menjaga
                                    kualitas kepatuhan Perseroan terhadap regulasi
                                         pasar modal yang berlaku, memastikan
                                           pelaporan keterbukaan informasi yang tepat
                                           waktu, serta berperan sebagai penghubung
                                            antara Perseroan dengan pemegang saham
                                           dan pihak eksternal lainnya termasuk
                                           regulator.”

                                                   “The Corporate Secretary is a supporting organ of the Company that
                                                   was formed by and reports to the Board of Directors to assist the Board
                                                  of Directors in discharging its duties, especially in maintaining the quality
                                                  of the Company’s compliance with applicable capital market regulations,
                                                  ensuring timely reporting of information disclosure, and acting as a liaison
                                                    between the Company and shareholders and other external parties
                                                     including regulators.”

                                                       Amelia Allen
                                                       Sekretaris Perusahaan | Corporate Secretary




      Sekretaris Perusahaan memiliki peran strategis yaitu                  The Corporate Secretary has a strategic role to assist
      membantu Direksi dalam memperkuat dan mempertahankan                  the Board of Directors in strengthening and maintaining
      citra positif Perseroan melalui komunikasi yang efektif               positive reputation of the Company through effective and
      dan intensif antara Perseroan dengan stakeholders, serta              intensive communication with the stakeholders, and building
      membangun hubungan yang harmonis dengan pihak                         harmonious relationships with regulators, business partners,
      regulator, mitra usaha, asosiasi usaha serta lembaga lain             business associations and other institutions related to the
      berkaitan dengan aktivitas usaha Perseroan baik di tingkat            Company’s business activities at the provincial, national and
      provinsi, nasional dan internasional.                                 international levels.




198      P T E R A J AYA S WA S E M B A D A T B K                                                            L A P O R A N TA H U N A N 2 0 2 3
Page 201
                                                                                                    corporate governance




  PROFIL SEKRETARIS PERUSAHAAN | PROFILE OF CORPORATE SECRETARY


   Usia                               43 tahun, per 31 Desember 2023
   Age                                43 years old, as of December 31, 2023

   Kewarganegaraan                    Indonesia
   Citizenship

   Domisili                           Jakarta
   Domicile                           Jakarta

   Riwayat Pendidikan                 • Sarjana Hukum dari Fakultas Hukum Universitas Indonesia jurusan Hukum Ekonomi (2005)
   History of Education                 Bachelor of Law majoring in Economic Law from the Faculty of Law, University of Indonesia (2005)
                                      • Diploma Sastra Perancis dari Fakultas Ilmu Pengetahuan Budaya Universitas Indonesia (2001)
                                        Diploma in French Literature from the Faculty of Cultural Sciences, University of Indonesia (2001)

   Dasar Hukum Penunjukan             Surat Keputusan Direksi Perseroan Nomor 159/SK-DIR/ERAA/VIII/2016 tanggal 18 Agustus 2016.
   Legal Basis of Appointment         Decree of the Company’s Board of Directors No 159/SK-DIR/ERAA/VIII/2016 dated August 18, 2016.

   Pengalaman Kerja                   Menjabat sebagai Sekretaris Perseroan sejak tahun 2016 dan saat ini beliau juga menjabat sebagai Head of
   Working Experience                 Legal Perseroan. Sebelumnya pernah menjabat sebagai Legal Officer dengan jabatan terakhir sebagai Head of
                                      Legal & Compliance di PT Trimegah Sekuritas Indonesia Tbk (2007 – 2013), Legal Associate di DNC Advocates
                                      at Work (2006 – 2007), Internee di kantor Konsultan Hukum Hadiputranto, Hadinoto and Partner Law Firm
                                      (2006).
                                      She has served as Corporate Secretary since 2016 and is also serving as Head of Legal of the Company. She
                                      had previously served as Legal Officer with last position as Head of Legal & Compliance at PT Trimegah Sekuri-
                                      tas Indonesia Tbk (2007 – 2013), Legal Associate at DNC Advocates at Work (2006 – 2007), Internee at Legal
                                      Consultant office Hadiputranto, Hadinoto and Partner Law Firm (2006).




                    TUGAS DAN TANGGUNG JAWAB
                    DUTIES AND RESPONSIBILITIES




              1. Mengikuti perkembangan pasar modal khususnya                   1. To follow the capital market update, especially laws
                 peraturan perundang-undangan yang berlaku di                      and regulations applicable in the capital market.
                 bidang pasar modal.
              2. Memberikan masukan kepada Direksi dan Dewan                    2. To provide recommendations to the Board of Directors
                 Komisaris untuk selalu mematuhi ketentuan peraturan               and the Board of Commissioners to always comply
                 perundang-undangan di bidang pasar modal.                         with capital market laws and regulations.
              3. Membantu Direksi dan Dewan Komisaris dalam                     3. To assist the Board of Directors and Board
                 pelaksanaan tata kelola perusahaan yang meliputi:                 of    Commissioners      in   corporate    governance
                                                                                   implementation, including:
                • Keterbukaan    informasi   kepada     masyarakat,                • Public information disclosure, including latest
                  termasuk ketersediaan informasi terkini pada situs                  information availability on the Company’s official
                  web Perseroan.                                                      website.
                • Penyampaian laporan kepada Otoritas Jasa                         • Submission of reports to the OJK in a timely manner.
                  Keuangan (OJK) tepat waktu.
                • Penyelenggaraan dan dokumentasi RUPS.                            • Organization and documentation of the GMS.
                • Penyelenggaraan dan dokumentasi rapat Direksi                    • Organization and documentation of the Board of
                  dan/atau Dewan Komisaris, dan                                       Directors and the Board of Commissioners meetings,
                                                                                      and
                • Pelaksanaan program orientasi bagi anggota Direksi               • Implementation of orientation program for the
                  dan/atau Dewan Komisaris baru.                                      newly members of the Board of Directors and the
                                                                                      Board of Commissioners.
              4. Sebagai penghubung antara Perseroan dengan                     4. To act as the contact person between the Company and
                 pemegang saham, OJK, dan pemangku kepentingan                     the Shareholders, OJK, and other stakeholders.
                 lainnya.



2023 ANNUAL REPORT                                                                                 P T E R A J AYA S WA S E M B A D A T B K            199
Page 202
             tata k e l o l a p e r u s a h a a n




                      RINGKASAN PELAKSANAAN TUGAS SEKRETARIS
                      PERUSAHAAN TAHUN 2023
                       SUMMARY OF CORPORATE SECRETARY ACTIVITIES IN 2023



                                                                              Pada tahun 2023, Sekretaris Perusahaan telah menyerahkan
                                                                              laporan-laporan yang diwajibkan kepada para regulator,
                                                                              termasuk tetapi tidak terbatas pada OJK dan BEI. Sekretaris
                                                                              Perusahaan juga telah menyelesaikan dan menyerahkan
                                                                              Laporan Tahunan Perseroan Tahun 2022 tepat waktu,
                                                                              mengordinasikan penyelenggaraan RUPST pada tanggal 30
                                                                              Juni 2023 dan Paparan Publik pada waktu yang sama, serta
                                                                              RUPLB pada 6 September 2023.

                                                                              In 2023, the Corporate Secretary has submitted the required
                                                                              reports to regulators, including but not limited to the OJK
                                                                              and IDX. The Corporate Secretary has also completed and
                                                                              submitted the Company’s 2022 Annual Report on time,
                                                                              coordinated the holding of the AGMS on 30 June 2023 and
                                                                              the Public Expose at the same time, as well as the EGMS on 6
                                                                              September 2023.




      Pengembangan Kompetensi Sekretaris Perusahaan Tahun 2023
      Corporate Secretary Competency Development in 2023

                                                                                                    Penyelenggara     Tanggal         Lokasi
       No.                                          Program
                                                                                                      Organizer        Date           Venue


        1      Webinar Regulatory “Pendalaman SEOJK NO.16 /SEOJK.04/2021 tentang Bentuk               12 Januari       ICSA           Daring
               dan Isi Laporan Tahunan Emiten atau Perusahaan Publik”                                 Januari 12                      Online
               Regulatory Webinar "Deepening of SEOJK NO.16 /SEOJK.04/2021 concerning the
               Form and Content of the Annual Reports of Issuers or Public Companies"

        2      ESG Update: Sustainability Disclosure Introduction to ISSB                            16 Februari       ICSA           Daring
                                                                                                     February 16                      Online

        3      Mengenal ASEAN Corporate Governance Scorecard (ACGS): Peran dan lingkupnya             28 Maret         ICSA           Daring
               dalam Tata Kelola Perusahaan                                                           March 28                        Online
               Introduction to the ASEAN Corporate Governance Scorecard (ACGS): Its role and
               scope in Corporate Governance

        4      Effective Risk Management                                                               30 Mei          ICSA           Daring
               for Corporate Secretary                                                                 May 30                         Online

        5      Pendalaman POJK Nomor 14/POJK.04/2019 tentang Perubahan Atas POJK Nomor                 8 Juni        OJK & ICSA       Daring
               32/POJK.04/2015 tentang Penambahan Modal Perusahaan Terbuka dengan                      June 8                         Online
               Memberikan Hak Memesan Efek Terlebih Dahulu.
               Deepening of POJK Number 14/POJK.04/2019 concerning Amendments to POJK
               Number 32/POJK.04/2015 concerning Capital Increase of a Public Listed Companies
               by Providing Pre-emptive Rights.

        6      Webinar Sosialisasi Peraturan Nomor I-L tentang Suspensi Efek, Peraturan Nomor          26 Juni          BEI           Daring
               I-X tentang Penempatan Pencatatan Efek Bersifat Ekuitas pada Papan Pemantauan           June 26                        Online
               Khusus, dan Peraturan Nomor II-X tentang Perdagangan Efek Bersifat Ekuitas pada
               Papan Pemantauan Khusus
               Webinar on Socialization of Regulation Number I-L concerning Suspension of
               Securities, Regulation Number I-X concerning Placing of Equity Securities Listings
               on Special Monitoring Boards, and Regulation Number II-X concerning Trading in
               Equity Securities on Special Monitoring Boards

        7      Webinar Non-Regulatory "Strengthening the Board's Succession: A Framework for           27 Juni         ICSA           Daring
               Board Performance & Evaluation"                                                         June 27                        Online




200     P T E R A J AYA S WA S E M B A D A T B K                                                                    L A P O R A N TA H U N A N 2 0 2 3
Page 203
                                                                                                      corporate governance




   Pengembangan Kompetensi Sekretaris Perusahaan Tahun 2023
   Corporate Secretary Competency Development in 2023

                                                                                                 Penyelenggara        Tanggal         Lokasi
    No.                                         Program
                                                                                                   Organizer           Date           Venue


     8     Webinar Pendalaman POJK No. 42/POJK.04/2020 Tentang Transaksi Afiliasi dan                13 Juli        OJK & ICSA        Daring
           Transaksi Benturan Kepentingan dan POJK No. 17/POJK.04/2020 tentang Transaksi             July 13                          Online
           Material dan Perubahan Kegiatan Usaha Utama
           Webinar on Deepening POJK No. 42/POJK.04/2020 concerning Affiliate Transactions
           and Conflict of Interest Transactions and POJK No. 17/POJK.04/2020 concerning
           Material Transactions and Changes in Main Business Activities

     9     Workshop Pendalaman dan Updating POJK                                                     31 Juli            AEI           Daring
           Workshop on Deepening and Updating of POJK                                                July 31                          Online

    10     Webinar “Compliance Refreshment Emiten dan Perusahaan Publik”                           22 Agustus        BEI & OJK        Daring
           Webinar "Compliance Refreshment for Issuers and Public Companies"                       August 22                          Online

    11     Seminar “Penjelasan Atas Peraturan Bursa No. I-A Tahun 2021 Terkait Ketentuan           6 Oktober            BEI         Main Hall,
           Free Float dan Penggunaan Form E009 pada Sistem Pelaporan SPE IDXnet.”                  October 6                        Bursa Efek
           Seminar on "Explanation of Exchange Regulation No. "I-A 2021 Regarding Free                                              Indonesia,
           Float Provisions and Use of Form E009 in the IDXnet SPE Reporting System."                                                 Jakarta

    12     The 39th ACMF International Conference                                                  17 Oktober       OJK & ACMF     Padma Hotel,
                                                                                                   October 17                          Bali

    13     ACMF-ISSB Technical Training (IFRS S1 & S2 Sustainability Disclosure)                   18 Oktober       OJK & ACMF     Padma Hotel,
                                                                                                   October 18                          Bali

    14     BNI Investor Daily Summit 2023                                                        24 - 25 Oktober     Bank BNI       Hutan Kota
                                                                                                 October 24 - 25                    by Plataran
                                                                                                                                     Senayan,
                                                                                                                                      Jakarta

    15     Sosialisasi Peraturan kepada Emiten Baru                                               16 November          OJK          The Westin
           Socialization of Regulations to New Issuers                                            November 16                      Hotel, Jakarta

    16     Webinar Pengenalan Peraturan Menteri Keuangan Nomor 80 Tahun 2023 Tentang              21 November           AEI           Daring
           Tata Cara Penerbitan Surat Ketetapan Pajak dan Surat Tagihan Pajak                     November 21                         Online
           Webinar on Introduction to the Minister of Finance Regulation Number 80 of 2023
           concerning Procedures for Issuing Tax Assessment Letters and Tax Collection Letters

   Catatan | Notes:
   BEI: Bursa Efek Indonesia | Indonesia Stock Exchange (IDX)
   OJK: Otoritas Jasa Keuangan | Financial Services Authority
   AEI: Asosiasi Emiten Indonesia | Indonesian Public Listed Companies Association
   ACMF: ASEAN Capital Market Forum
   ICSA: Indonesian Corporate Secretary Association
   IICD: Indonesian Institute for Corporate Director
   Bank BNI: PT Bank Negara Indonesia (Persero) Tbk



  PUBLIKASI LAPORAN KEUANGAN                                                    PUBLICATION OF FINANCIAL STATEMENTS
  Sekretaris   Perusahaan     bertanggung     jawab    untuk                    The Corporate Secretary is responsible for publishing the
  mempublikasikan laporan keuangan Perseroan kuartalan dan                      Company’s quarterly and annual financial statements to the
  tahunan kepada publik melalui situs web Perseroan, BEI, dan                   public through the Company and IDX websites, and national
  surat kabar nasional. Pada tahun 2023, laporan keuangan                       newspaper. In 2023, the Company’s quarterly, mid-year and
  kuartalan, tengah tahun dan akhir tahun Perseroan telah                       end-of-year financial statements published in newspapers
  dipublikasikan di surat kabar dengan cakupan nasional dan                     with national coverage and uploaded on the Company’s
  diunggah di situs web Perseroan dan BEI.                                      website and the IDX.




2023 ANNUAL REPORT                                                                                   P T E R A J AYA S WA S E M B A D A T B K       201
Page 204
              tata k e l o l a p e r u s a h a a n




                                 Publikasi                                Tanggal                                        Media
                                Publication                                Date                                          Media


       Laporan Keuangan Konsolidasian Interim Triwulan I 2023              2 Mei           Sistem Pelaporan Elektronik (SPE) OJK IDX, situs web BEI,
       (Tidak diaudit)                                                     May 2           situs web Perseroan
       Q1 2023 Interim Consolidated Financial                                              OJK IDX Electronic Reporting System (SPE), IDX website,
       Statements (Unaudited)                                                              Company website

       Laporan Keuangan Konsolidasian Interim                              31 Juli         Harian Kabar Investor Daily, Sistem Pelaporan Elektronik (SPE)
       Tengah Tahunan 2023 (Tidak diaudit)                                 July 31         OJK
       Midyear 2023 Interim Consolidated                                                   IDX, witus web BEI, situs web Perseroan
       Financial Statements (Unaudited)                                                    Investor Daily News, OJK IDX Electronic Reporting System
                                                                                           (SPE), IDX website, Company website

       Laporan Keuangan Konsolidasian Interim Triwulan III 2023          31 Oktober        Sistem Pelaporan Elektronik (SPE) OJK IDX, Situs web BEI,
       (Tidak diaudit)                                                   October 31        situs web Perseroan
       Q3 2023 Interim Consolidated Financial                                              OJK IDX Electronic Reporting System (SPE), IDX website,
       Statements (Unaudited)                                                              Company website

       Laporan Keuangan Konsolidasian Tahunan 2023 (Diaudit)              31 Maret         Harian Terbit, Sistem Pelaporan Elektronik (SPE) OJK
       2023 Full Year Consolidated Financial                              March 31         IDX, situs web BEI, situs web Perseroan
       Statements (Audited)                                                                Investor Daily News, OJK IDX Electronic Reporting System
                                                                                           (SPE), IDX website, Company website



      KETERBUKAAN INFORMASI                                                         INFORMATION DISCLOSURE
      Informasi yang telah disampaikan Perseroan kepada otoritas/                   The information submitted by the Company to the capital
      lembaga penunjang pasar modal dalam rangka keterbukaan                        market authority/supporting institutions as information
      informasi sepanjang tahun 2023 adalah sebagai berikut:                        disclosure throughout 2023 is as follows:


                               Nomor Surat                           Tanggal                            Judul/Perihal                       Penerima
        No.
                             Reference Number                         Date                               Title/Subject                      Recipient


         1.       003     /ERAA/CS/           I/     2023         13 Januari 2023       Tanggapan atas Surat OJK Nomor S-84/                   OJK
                                                                  13 January 2023       PM.22/2023 (UBO)
                                                                                        Response to OJK Letter Number S-84/
                                                                                        PM.22/2023 (UBO)

         2.       004     /ERAA/CS/           II/    2023          3 Januari 2023       Tanggapan atas Surat Bursa Nomor 01164/BEI.            OJK
                                                                  3 February 2023       PP2/02-2023 (Volatilitas Saham)
                                                                                        Response to Exchange Letter Number 01164/
                                                                                        BEI.PP2/02-2023 (Share Volatility)

         3.       010     /ERAA/CS/           III/   2023         31 Maret 2023         Penyampaian Laporan Keuangan Tahunan                 OJK, BEI
                                                                  31 March 2023         Audited 2022
                                                                                        Submission of the 2022 Audited Full Year
                                                                                        Financial Statements

         4.      010A     /ERAA/CS/           III/   2023         31 Maret 2023         Penyampaian Penjelasan Kenaikan Nilai Aset           OJK, BEI
                                                                  31 March 2023         dan Liabilitas Laporan Keuangan 2022
                                                                                        Submission of Explanation of the Increase in
                                                                                        Value of Assets and Liabilities in the 2022
                                                                                        Financial Statements

         5.       011     /ERAA/CS/           III/   2023         31 Maret 2023         Penyampaian Bukti Iklan Laporan Keuangan             OJK, BEI
                                                                  31 March 2023         Tahunan Audited 2022
                                                                                        Submission of Proof of Advertisement of 2022
                                                                                        Audited Full Year Financial Statements

         6.       014     /ERAA/CS/           V/     2023           2 Mei 2023          Penyampaian Laporan Keuangan Interim                 OJK, BEI
                                                                    2 May 2023          Triwulan-1 2023
                                                                                        Submission of Q1 2023 Interim Financial
                                                                                        Statements

         7.       015     /ERAA/CS/           V/     2023           2 Mei 2023          Penyampaian       Laporan Tahunan           dan      OJK, BEI
                                                                    2 May 2023          Keberlanjutan Tahun 2022
                                                                                        Submission of the 2022 Annual               and
                                                                                        Sustainability Report

         8.      014B     /ERAA/CS/           V/     2023           2 Mei 2023          Penjelasan Terkait Kenaikan Nilai Aset dan           OJK, BEI
                                                                    2 May 2023          Liabilitas
                                                                                        Explanation Regarding the Increase in Value of
                                                                                        Assets and Liabilities

         9.       018     /ERAA/CS/           V/     2023          16 Mei 2023          Pemberitahuan Agenda RUPS Tahunan 2023                 OJK
                                                                   16 May 2023          Notification of the 2023 Annual GMS Agenda




202       P T E R A J AYA S WA S E M B A D A T B K                                                                         L A P O R A N TA H U N A N 2 0 2 3
Page 205
                                                                                  corporate governance




                    Nomor Surat                   Tanggal                        Judul/Perihal                       Penerima
   No.
                  Reference Number                 Date                           Title/Subject                      Recipient


    10.   019   /ERAA/CS/        V/     2023    24 Mei 2023      Pengumuman RUPS Tahunan 2023                           OJK
                                                24 May 2023      Announcement of the 2023 Annual GMS

    11.   021   /ERAA/CS/       VI/     2023     8 Juni 2023     Pemanggilan RUPS Tahunan 2023                          OJK
                                                 8 June 2023     Invitation to the 2023 Annual GMS

    12.   026   /ERAA/CS/       VI/     2023    23 Juni 2023     Penyampaian Materi Paparan Publik                      BEI
                                                23 June 2023     Submission of Public Expose Material

    13.   027   /ERAA/CS/       VII/    2023     4 Juli 2023     Ringkasan Risalah RUPS Tahunan                         OJK
                                                 4 July 2023     Summary of the Minutes of Annual GMS Minutes

    14.   028   /ERAA/CS/       VII/    2023     4 Juli 2023     Jadwal Pembagian Dividen Tunai                    OJK, BEI, KSEI,
                                                 4 July 2023     Schedule of Cash Dividend Distribution                 BAE

    15.   029   /ERAA/CS/       VII/    2023     4 Juli 2023     Laporan Hasil Pelaksanaan Paparan Publik               BEI
                                                 4 July 2023     Tahunan
                                                                 Report of Results of the Annual Public Expose

    16.   036   /ERAA/CS/       VII/    2023    10 Juli 2023     Tanggapan atas Surat OJK Nomor S-933/                  OJK
                                                10 July 2023     PM.211/2023 (Penelahaan LKT 2022)
                                                                 Response to OJK Letter Number S-933/
                                                                 PM.211/2023 (2022 LKT Review)

    17.   037   /ERAA/CS/       VII/    2023    11 Juli 2023     Penyampaian Risalah RUPS Tahunan                       OJK
                                                11 July 2023     Submission of the Minutes of Annual GMS

    18.   038   /ERAA/CS/       VII/    2023    20 Juli 2023     Pemberitahuan Agenda RUPS Luar Biasa 2023              OJK
                                                20 July 2023     Notification of the 2023 Extraordinary GMS
                                                                 Agenda

    19.   040   /ERAA/CS/       VII/    2023    31 Juli 2023     Penyampaian Laporan Keuangan Interim                   OJK
                                                31 July 2023     Triwulan-2 2023
                                                                 Submission of !2 2023 Interim Financial
                                                                 Statements

    20.   041   /ERAA/CS/       VII/    2023    31 Juli 2023     Penyampaian Bukti Iklan Laporan Keuangan               OJK
                                                31 July 2023     Interim Triwulan-2 2023
                                                                 Submission of Proof of Advertisement for Q2
                                                                 2023 Interim Financial Report

    21.   042   /ERAA/CS/       VII/    2023    31 Juli 2023     Pengumuman RUPS Luar Biasa 2023                      OJK, BEI
                                                31 July 2023     Announcement of the 2023 Extraordinary GMS

    22.   043   /ERAA/CS/       VIII/   2023   18 Agustus 2023   Tanggapan    atas   Surat   OJK   S-1334/              OJK
                                               18 August 2023    PM.211/2023 (Mata Acara RUPSLB 2023)
                                                                 Response to OJK Letter S-1334/PM.211/2023
                                                                 (2023 EGMS Agenda)

    23.   047   /ERAA/CS/       VIII/   2023   15 Agustus 2023   Pemberitahuan Agenda RUPS Luar Biasa 2023              OJK
                                               15 August 2023    Notification of the 2023 Extraordinary GMS
                                                                 Agenda

    24.   048   /ERAA/CS/       VIII/   2023   15 Agustus 2023   Keterbukaan Informasi Program MESOP                    OJK
                                               15 August 2023    Information Disclosure on MESOP Program

    25.   049   /ERAA/CS/       VIII/   2023   16 Agustus 2023   Laporan Hasil Evaluasi Komite Audit terhadap           OJK
                                               16 August 2023    AP dan KAP Tahun Buku 2022
                                                                 Report on the Audit Committee Evaluation
                                                                 Results on AP and KAP for the 2022 Financial
                                                                 Year

    26.   050   /ERAA/CS/       VIII/   2023   25 Agustus 2023   Keterbukaan Informasi Penerbitan Global Bonds        OJK, BEI
                                               25 August 2023    Erajaya Digital Pte. Ltd.
                                                                 Disclosure of Information on Issuance of Global
                                                                 Bonds Erajaya Digital Pte. Ltd.

    27.   051   /ERAA/CS/       VIII/   2023   25 Agustus 2023   Keterbukaan Informasi tentang Tanggapan              OJK, BEI
                                               25 August 2023    Surat Bursa Permintaan Penjelasan Mata Acara
                                                                 RUPS LB 2023
                                                                 Information Disclosure on Response to Exchange
                                                                 Letter regarding Request for Explanation of the
                                                                 2023 EGMS Agenda




2023 ANNUAL REPORT                                                              P T E R A J AYA S WA S E M B A D A T B K             203
Page 206
            tata k e l o l a p e r u s a h a a n




                             Nomor Surat                      Tanggal                          Judul/Perihal                      Penerima
      No.
                           Reference Number                    Date                             Title/Subject                     Recipient


      28.       052     /ERAA/CS/         VIII/    2023    29 Agustus 2023    Keterbukaan Informasi tentang JV MST Golf dan       OJK, BEI
                                                           29 August 2023     SES 2023
                                                                              Information Disclosure on JV MST Golf and SES
                                                                              2023

      29.       056     /ERAA/CS/         IX/      2023   8 September 2023    Penyampaian Ringkasan Risalah RUPSLB 2023             OJK
                                                          8 September 2023    Submission of Summary of 2023 EGMS Minutes

      30.      056.A    /ERAA/CS/         IX/      2023   8 September 2023    Bukti Iklan Penyampaian Ringkasan Risalah             OJK
                                                          8 September 2023    RUPSLB 2023
                                                                              Proof of Advertisement for Submission of
                                                                              Summary of 2023 EGMS Minutes

      31.       057     /ERAA/CS/         IX/      2023   14 September 2023   Keterbukaan Informasi Perubahan Direksi             OJK, BEI
                                                          14 September 2023   Perseroan
                                                                              Disclosure of Information on Changes in the
                                                                              Company's Board of Directors

      32.       058     /ERAA/CS/         IX/      2023   14 September 2023   Risalah RUPSLB 2023                                   OJK
                                                          14 September 2023   2023 EGMS Minutes

      33.       059     /ERAA/CS/         IX/      2023   18 September 2023   Keterbukaan Informasi Perjanjian Fasilitas Kredit   OJK, BEI
                                                          18 September 2023   PT Bank Central Asia Tbk
                                                                              Disclosure of Information with PT Bank Central
                                                                              Asia Tbk Credit Facility Agreement

      34.      060.A    /ERAA/CS/          X/      2023    2 Oktober 2023     Keterbukaan Informasi Perjanjian Fasilitas            OJK
                                                           2 October 2023     Kredit PT Bank Central Asia Tbk (penyampaian
                                                                              kembali)
                                                                              Disclosure of Information on PT Bank
                                                                              Central Asia Tbk Credit Facility Agreement
                                                                              (resubmission)

      35.       063     /ERAA/CS/          X/      2023    31 Oktober 2023    Penyampaian Laporan Keuangan Interim                  OJK
                                                           31 October 2023    Triwulan-3 2023
                                                                              Submission of Q3 2023 Interim Financial
                                                                              Statements

      36.       064     /ERAA/CS/         XI/      2023   1 November 2023     Penyampaian Bukti Iklan Laporan Keuangan              OJK
                                                          1 November 2023     Interim Triwulan-3 2023
                                                                              Submission of Proof of Advertisement for Q3
                                                                              2023 Interim Financial Statements

      37.       068     /ERAA/CS/         XI/      2023   15 November 2023    Laporan Penunjukan AP/KAP Tahun Buku 2023             OJK
                                                          15 November 2023    Report on AP/KAP Appointment for Fiscal Year
                                                                              2023

      38.       070     /ERAA/CS/         XII/     2023   5 Desember 2023     Keterbukaan Informasi Pemberian Corporate           OJK, BEI
                                                          5 December 2023     Guarantee atas Transaksi Erajaya Digital Pte.
                                                                              Ltd.
                                                                              Disclosure of Information on Corporate
                                                                              Guarantee for the Transaction of Erajaya Digital
                                                                              Pte. Ltd.

      39.       072     /ERAA/CS/         XII/     2023   8 Desember 2023     Laporan Informasi Fakta Material Mengenai           OJK, BEI
                                                          8 December 2023     Penjualan    dan     Pengambilalihan   Saham
                                                                              Perusahaan Afiliasi
                                                                              Material Facts Information Report on the Sale
                                                                              and Takeover of Affiliated Company Shares

      40.       073     /ERAA/CS/         XII/     2023   19 Desember 2023    Laporan Informasi Transaksi Afiliasi EH-EPH         OJK, BEI
                                                          19 December 2023    Information Report on EH-EPH Affiliate
                                                                              Transaction

      41.       074     /ERAA/CS/         XII/     2023   22 Desember 2023    Laporan Informasi Transaksi Afiliasi ERAA-EBN       OJK, BEI
                                                          22 December 2023    Information Report on ERAA-EBN Affiliate
                                                                              Transaction

      42.       075     /ERAA/CS/         XII/     2023   27 Desember 2023    Laporan Informasi Transaksi Afiliasi EH-            OJK, BEI
                                                          27 December 2023    ERASPACE
                                                                              Information Report on EH-ERASPACE Affiliate
                                                                              Transaction




204    P T E R A J AYA S WA S E M B A D A T B K                                                                 L A P O R A N TA H U N A N 2 0 2 3
Page 207
                                                                                                       corporate governance




                           Nomor Surat                              Tanggal                           Judul/Perihal                   Penerima
    No.
                         Reference Number                            Date                              Title/Subject                  Recipient


    43.       076     /ERAA/CS/           XII/   2023          27 Desember 2023       Laporan Informasi Transaksi Afiliasi ERAA-EH    OJK, BEI
                                                               27 December 2023       Information Report on ERAA-EH Affiliate
                                                                                      Transaction

    44.       077     /ERAA/CS/           XII/   2023          27 Desember 2023       Laporan Informasi Transaksi Afiliasi EH-EDR     OJK, BEI
                                                               27 December 2023       Information Report on EH-EDR Affiliate
                                                                                      Transaction

    45.       078     /ERAA/CS/           XII/   2023          22 Desember 2023       Laporan Informasi Transaksi Afiliasi EBN-MBA    OJK, BEI
                                                               22 December 2023       Information Report on EBN-MBA Affiliate
                                                                                      Transaction

    46.       079     /ERAA/CS/           XII/   2023          22 Desember 2023       Laporan Informasi Transaksi Afiliasi EBN-       OJK, BEI
                                                               22 December 2023       EBPretz
                                                                                      Information Report on EBN-EBPretz Affiliate
                                                                                      Transaction

    47.       080     /ERAA/CS/           XII/   2023          27 Desember 2023       Laporan Informasi Transaksi Afiliasi MBA-MBH    OJK, BEI
                                                               27 December 2023       Information Report on MBA-MBH Affiliate
                                                                                      Transaction

    48.       081     /ERAA/CS/           XII/   2023          22 Desember 2023       Laporan Informasi Transaksi Afiliasi EBN-EKA    OJK, BEI
                                                               22 December 2023       Information Report on EBN-EKA Affiliate
                                                                                      Transaction

    49.       082     /ERAA/CS/           XII/   2023          22 Desember 2023       Laporan Informasi Transaksi Afiliasi ERAA-EPI   OJK, BEI
                                                               22 December 2023       Information Report on ERAA-EPI Affiliate
                                                                                      Transaction

    50.       083     /ERAA/CS/           XII/   2023          27 Desember 2023       Laporan Informasi Transaksi Afiliasi ERAA-ESA   OJK, BEI
                                                               27 December 2023       Information Report on ERAA-ESA
                                                                                      Affiliate Transaction

    51.       084     /ERAA/CS/           XII/   2023          28 Desember 2023       Laporan Informasi Transaksi Afiliasi EBN-EBK    OJK, BEI
                                                               28 December 2023       Information Report on EBN-EBK
                                                                                      Affiliate Transaction

    52.       085     /ERAA/CS/           XII/   2023          29 Desember 2023       Laporan Informasi Transaksi Afiliasi ERDI-VMN   OJK, BEI
                                                               29 December 2023       Information Report on ERDI-VMN
                                                                                      Affiliate Transaction

    53.       086     /ERAA/CS/           XII/   2023          30 Desember 2023       Laporan Informasi Transaksi Afiliasi ES-TBD     OJK, BEI
                                                               30 December 2023       Information Report on ES-TBD
                                                                                      Affiliate Transaction

   Catatan | Notes:
   BAE: Biro Administrasi Efek | Securities Administration Bureau
   BEI: Bursa Efek Indonesia | Indonesia Stock Exchange
   OJK: Otoritas Jasa Keuangan | Financial Services Authority
   KSEI: Kustodian Sentral Efek Indonesia | Indonesia Central Securities Depository




2023 ANNUAL REPORT                                                                                   P T E R A J AYA S WA S E M B A D A T B K     205
Page 208
              tata k e l o l a p e r u s a h a a n




      AUDIT INTERNAL
      INTERNAL AUDIT




                                                “Audit Internal adalah organ pendukung
                                                Perseroan yang menjalankan fungsi
                                                pemeriksaan dan konsultasi secara independen
                                                dan objektif dalam rangka memberikan
                                                nilai tambah bagi organisasi dan membantu
                                                organisasi untuk mencapai tujuannya dengan
                                                 menerapkan pendekatan yang sistematis
                                                   untuk mengevaluasi dan meningkatkan
                                                    efektivitas dari pengendalian internal,
                                                     corporate governance dan manajemen risiko
                                                     Perseroan.”

                                                      “Internal Audit is a supporting organ of the Company that
                                                      carries out the function of independent and objective auditing
                                                      and consulting in order to provide added value to the
                                                      organization and assist the organization in achieving its goals
                                                      by applying a systematic approach to evaluate and improve
                                                     the effectiveness of the Company’s internal control, corporate
                                                     governance and risk management.”


                                                     Hendra Wijaya
                                                     Kepala Audit Internal | Head of Internal Audit




      Audit Internal dipimpin oleh Kepala Audit Internal yang                The Internal Audit is led by the Head of Internal Audit who
      bertanggung jawab langsung kepada Direksi. Kepala                      reports directly to the Board of Directors. The Head of Internal
      Audit Internal diangkat dan diberhentikan oleh Direksi atas            Audit is appointed and dismissed by the Board of Directors
      persetujuan Dewan Komisaris.                                           after approval from the Board of Commissioners.

      PROFIL KEPALA AUDIT INTERNAL                                           PROFILE OF THE HEAD OF INTERNAL AUDIT


       Usia                                           42 tahun, per 31 Desember 2023
       Age                                            42 years old, as of December 31, 2023

       Kewarganegaraan                                Indonesia
       Citizenship

       Domisili                                       Bogor
       Domicile

       Riwayat Pendidikan                             • Magister Managemen dari Institut Pertanian Bogor, Bogor (2012)
       History of Education                           • Master of Management from Bogor Agricultural Institute, Bogor (2012)
                                                      • Sarjana Ekonomi dari Universitas Brawijaya Malang (2003)
                                                      • Bachelor of Economics from Brawijaya University, Malang (2003)



206       P T E R A J AYA S WA S E M B A D A T B K                                                                 L A P O R A N TA H U N A N 2 0 2 3
Page 209
                                                                                                           corporate governance




   Dasar Hukum Penunjukan                               Keputusan Direksi No. SK/121/DIRBH/X/2012.ERAA Tanggal 22 Oktober 2012
   Legal Basis of Appointment                           Decree of the Board of Directors No. SK/121/DIRBH/X/2012.ERAA dated October 22, 2012

   Kualifikasi/Sertifikasi Profesional yang Dimiliki    • Akuntan (Ak)|Accountant (Ak)
   Qualification/Professional Certification             • Qualified Internal Auditor (QIA)
                                                        • Chartered Accountant (CA)
                                                        • Certified Financial Planner (CFP)
                                                        • Qualified Financial Educator (QFE)
                                                        • Qualified Wealth Planner (QWP)
                                                        • Certified Practising Accountant (CPA) - Australia
                                                        • Certification in Audit Committee Practices (CACP)
                                                        • ASEAN Chartered Professional Accountant (ACPA)
                                                        • Certified Risk Professional (CRP)

   Pengalaman Kerja                                     • Senior Auditor Ernst & Young (2003 – 2007)
   Working Experience                                   • Associate Accounting Manager PT Bristol-Myers Squibb Tbk (2007)
                                                        • Group Internal Audit General Manager PT Sierad Produce Tbk (2007 - 2010)
                                                        • Financial Controller PT Sierad Produce Tbk (2010 - 2012)

   Hubungan Afiliasi                                    • Tidak memiliki hubungan afiliasi dengan sesama anggota Dewan Komisaris maupun Direksi
   Affiliation                                            lainnya, serta tidak terafiliasi dengan pemegang saham utama/pengendali
                                                        • Has no affiliation with the members of the Board of Commissioners nor Board of Directors, nor
                                                          the major/controlling shareholders



   Pengembangan Kompetensi Kepala Audit Internal /Auditor Internal
   Competency Development of Head of Internal Audit/Internal Auditors

                                                                                       Penyelenggara                   Tanggal              Lokasi
    No.                                      Program
                                                                                         Organizer                      Date                Venue


     1      Diklat Kepabeanan                                                        Bushindo Training          1 November 2023 – 31        Jakarta
            Customs Training                                                              Center                     Januari 2024
                                                                                                                 November 1, 2023 –
                                                                                                                   January 31, 2024

     2      CISA Cert Prep: 1 Auditing Information Systems for IS Auditors           Linkedin Learning                13 Maret             Webinar
                                                                                                                      Mrach 13

     3      Internal Audit Academy based on The IIA’s Internal Audit                   Internal - Audit           21 Maret – 27 Juli       Webinar
            Competency Framework                                                                                  March 21 – July 27

     4      Big Data Management                                                      Linkedin Learning                22 Maret             Webinar
                                                                                                                      March 22

     5      Customer Advocacy                                                        Linkedin Learning              29 - 30 Maret          Webinar
                                                                                                                    March 29 - 30

     6      Customer Service Foundations                                             Linkedin Learning                30 Maret             Webinar
                                                                                                                      March 30

     7      CISSP Cert Prep (2021): 1 Security and Risk Management                   Linkedin Learning                31 Maret             Webinar
                                                                                                                      March 31

     8      Data Analytics Part 2: Extending and Applying Core Knowledge             Linkedin Learning                  1 April            Webinar
                                                                                                                        April 1

     9      AWS: Enterprise Security                                                 Linkedin Learning                  1 April            Webinar
                                                                                                                        April 1

    10      Project Management Foundations                                           Linkedin Learning               10 – 17 April         Webinar
                                                                                                                     April 10 - 17

    11      Seminar on Macroeconomic: Resilience during Global Uncertainty        Internal – HR & PT Bank              22 Mei              Webinar
                                                                                      Central Asia Tbk                 May 22

    12      Customer Service: Problem Solving and Troubleshooting                    Linkedin Learning                 30 Juni             Webinar
                                                                                                                       June 30

    13      Business Process Improvement                                             Linkedin Learning                  2 Juli             Webinar
                                                                                                                        July 2

    14      Handling Abusive Customers                                               Linkedin Learning               21 Agustus            Webinar
                                                                                                                     August 21

    15      Internal Customer Service Training                                          Internal - HR                23 Agustus            Jakarta
                                                                                                                     August 23

    16      IIA National Conference 2023                                                IIA Indonesia              30 – 31 Agustus          Batam
                                                                                                                   August 30 - 31

    17      Business Insight Seminar: "Servant Leadership Experience &            Internal – HR & CEO PT             31 Agustus            Jakarta
            Implementation in Retail Industry”                                     Sumber Alfaria Trijaya            August 31
                                                                                             Tbk




2023 ANNUAL REPORT                                                                                        P T E R A J AYA S WA S E M B A D A T B K        207
Page 210
              tata k e l o l a p e r u s a h a a n




       Pengembangan Kompetensi Kepala Audit Internal /Auditor Internal
       Competency Development of Head of Internal Audit/Internal Auditors

                                                                                      Penyelenggara               Tanggal              Lokasi
        No.                                  Program
                                                                                        Organizer                  Date                Venue

        18      Supervisory Development Program                                        Internal - HR         19 – 21 September         Jakarta
                                                                                                             September 19 - 21

        19      Creating Positive Conversations with Challenging Customers           Linkedin Learning         20 September           Webinar
                                                                                                               September 20

        20      Training Lean Six Sigma                                                Internal - HR           25 September            Jakarta
                                                                                                               September 25

        21      Building Rapport with Customers                                      Linkedin Learning           6 Oktober            Webinar
                                                                                                                 October 6

        22      Zendesk Customer Service Professional Certificate                    Linkedin Learning          6 November            Webinar
                                                                                                                November 6

        23      First Managerial Development Program                                   Internal - HR         12 – 15 Desember          Jakarta
                                                                                                             December 12 - 15


      TUGAS DAN TANGGUNG JAWAB                                                 DUTIES AND RESPONSIBILITIES
      Tugas dan tanggung jawab Audit Internal berdasarkan                      Duties and responsibilities of the Internal Audit in accordance
      Piagam Audit Internal adalah sebagai berikut:                            with Internal Audit Charter are as follows:
      1. Menyusun dan melaksanakan Rencana Audit Tahunan.                      1. To prepare and implement Annual Audit Plan.
      2. Menguji dan mengevaluasi pelaksanaan pengendalian                     2. To analyze and evaluate the implementation of internal
         internal sesuai dengan kebijakan perusahaan.                             control and risk management system according to the
                                                                                  Company’s policy.
      3. Melakukan pemeriksaan dan penilaian atas efisiensi dan                3. To review and assess effectiveness and efficiency in
         efektivitas di bidang keuangan, akuntansi, operasional,                  finance, accounting, operation, human capital, marketing,
         teknologi informasi dan kegiatan lainnya.                                information technology, and other activities.
      4. Memberikan saran perbaikan dan informasi yang obyektif                4. To provide recommendations for improvement and
         tentang kegiatan yang diperiksa pada semua tingkat                       objective information about the activities examined at all
         manajemen.                                                               management levels.
      5. Membuat laporan hasil audit dan menyampaikan laporan                  5. To prepare and submit audit report to the Board of
         tersebut kepada Dewan Direksi dan Dewan Komisaris.                       Directors and the Board of Commissioners.
      6. Memantau, menganalisis, dan melaporkan pelaksanaan                    6. To monitor, analyze, and report on the implementation of
         tindak lanjut perbaikan yang telah disarankan.                           follow-up improvements that has been recommended.
      7. Bekerja sama dengan Komite Audit.                                     7. To cooperate with the Audit Committee.
      8. Menyusun program untuk mengevaluasi mutu kegiatan                     8. To develop a program to evaluate the quality of audit
         audit yang dilakukannya.                                                 activities carried out.
      9. Melakukan pemeriksaan khusus apabila diperlukan.                      9. To perform special audit, if deemed necessary.




                       PIAGAM AUDIT INTERNAL
                        INTERNAL AUDIT CHARTER



                    Audit Internal memiliki Piagam Audit Internal sebagai pedoman kerja dalam melaksanakan tugasnya. Piagam
                    Audit Internal terakhir diperbarui pada 24 September 2018 dan dievaluasi setiap tahun untuk disesuaikan dengan
                    perkembangan peraturan yang berlaku. Piagam Audit Internal antara lain berisi: a) Struktur dan kedudukan Audit
                    Internal, b) Persyaratan Auditor Internal, c) Tugas dan tanggung jawab Audit Internal, d) Wewenang Audit Internal,
                    e) Rangkap jabatan, dan f) Kode etik.

                    The Internal Audit has an Internal Audit Charter as a work guidelines in carrying out its duties. Internal Audit Charter
                    was last updated on 24 September 2018 and is evaluated annually to comply with the latest applicable regulations.
                    Internal Audit Charter contains, among other: a) Structure and position of Internal Audit, b) Requirements for Internal
                    Auditors, c) Duties and responsibilities of Internal Audit, d) Authority of Internal Audit, e) Concurrent positions, and
                    f) Code of ethics.




208      P T E R A J AYA S WA S E M B A D A T B K                                                                   L A P O R A N TA H U N A N 2 0 2 3
Page 211
                                                                  corporate governance




            RINGKASAN KEGIATAN AUDIT INTERNAL
            TAHUN 2023
            SUMMARY OF THE INTERNAL AUDIT ACTIVITIES IN 2023


                                       Pada tahun 2023, Audit Internal telah melaksanakan berbagai
                                       kegiatan antara lain:
                                       1. Audit terhadap unit bisnis dan entitas anak berdasarkan risk-
                                          based audit plan.
                                       2. Monitoring tindak lanjut atas rekomendasi hasil audit yang
                                          dilakukan melalui mekanisme rutin setiap bulan.
                                       3. Berperan aktif dalam memberikan konsultasi kepada
                                          manajemen terkait dengan pengendalian internal.
                                       4. Implementasi continuous audit untuk meningkatkan cakupan
                                          audit depo dan outlet.
                                       5. Evaluasi atas pelaksanaan manajemen risiko selama tahun
                                          berjalan.
                                       6. Audit atas permintaan khusus.

                                       In 2023, The Internal Audit conducted activities including:
                                       1. Audit of business and subsidiaries based on a risk-based
                                           audit plan.
                                       2. Monitoring the progress of audit recommendations
                                           conducted through a monthly routine mechanism.
                                       3. Taking an active role in providing consultation to management
                                           related to internal control.
                                       4. Implementation of continuous audit to increase the coverage
                                           of depot and outlet audits.
                                       5. Evaluation of risk management implementation during the
                                           year.
                                       6. Audits on special requests.




2023 ANNUAL REPORT                                              P T E R A J AYA S WA S E M B A D A T B K   209
Page 212
           tata k e l o l a p e r u s a h a a n




      SISTEM PENGENDALIAN
      INTERNAL
      INTERNAL CONTROL SYSTEM


      “Sistem pengendalian internal di Perseroan meliputi seluruh
      kebijakan dan prosedur di semua fungsi keuangan dan operasional
      yang bertujuan untuk melindungi aset perusahaan melalui
      keandalan pelaporan dan informasi keuangan, kepatuhan terhadap
      peraturan yang berlaku, serta penyelenggaraan kegiatan operasional
      yang efektif dan efisien.”

      “The internal control system in the Company includes all policies and procedures in all financial and
      operational functions that aim to protect company assets through reliable financial reporting and information,
      compliance with applicable regulations, and the implementation of effective and efficient operational
      activities.”



      Sistem pengendalian internal Perseroan melibatkan seluruh   The Company’s internal control system involves every
      organ tata kelola yaitu Dewan Komisaris, Komite Audit,      governance organ including the Board of Commissioners,
      Direksi, Audit Internal, dan seluruh jajaran manajemen,     Audit Committee, the Board of Directors, the Internal Audit,
      dengan mengacu pada prinsip-prinsip Kerangka Kerja          and all management team by referring to the principles of
      Pengendalian Internal. Prinsip-prinsip tersebut adalah      Internal Control Framework. The principles include control
      lingkungan pengendalian, penilaian risiko, aktivitas        environment, risk assessment, control activities, information
      pengendalian, informasi dan komunikasi dan pemantauan.      and communication and monitoring. Hence, the Company’s
      Dengan demikian, implementasi sistem pengendalian           internal control system is aligned with The Committee of
      internal Perseroan telah sesuai dengan kerangka kerja The   Sponsoring Organizations of the Treadway Commission
      Committee of Sponsoring Organizations of the Treadway       (COSO) framework.
      Commission (COSO).

      Agar implementasi sistem pengendalian internal dapat        To achieve effective implementation of internal control, the
      dijalankan secara efektif, maka:                            following must be applied:
      1. Setiap elemen Perseroan harus memiliki pemahaman         1. Each element of the Company must have an understanding
          mengenai sistem pengendalian internal, antara lain          of the internal control system, among others by learning
          dengan mempelajari Prosedur Operasi Standar (SOP)           the Company’s Standard Operating Procedures (SOP).
          Perseroan.
      2. Komite Audit harus mendapat laporan audit secara         2. The Audit Committee must receive periodic audit reports
          berkala dari Audit Internal sebagai bahan untuk            from the Internal Audit as material to identify possible
          mengidentifikasi kemungkinan adanya kelemahan sistem       weaknesses in the internal control system.
          pengendalian internal.
      3. Komite     Audit     wajib    memberikan  rekomendasi    3. The Audit Committee is required to provide
          mengenai berbaikan sistem pengendalian internal            recommendations regarding the improvement of the
          dan pelaksanaannya untuk meningkatkan efektivitas          internal control system and its implementation to increase
          pengendalian internal.                                     the effectiveness of internal control.




210      P T E R A J AYA S WA S E M B A D A T B K                                                  L A P O R A N TA H U N A N 2 0 2 3
Page 213
                                                                                           corporate governance




  4. Komite Audit harus berkoordinasi dengan Audit Internal            4. The Audit Committee shall coordinate with the Internal
     untuk:                                                               Audit to:
     a. Mengadakan pertemuan berkala untuk membahas                       a. Organize regular meetings to discuss internal auditor
         temuan auditor internal dan/atau hal-hal lain yang                   findings and/or other issues related to indication of
         berindikasi adanya kelemahan pengendalian internal,                  internal control weakness, including misapplication of
         termasuk kekeliruan penerapan standar akuntansi.                     an accounting standard.
     b. Jika diperlukan, Komite Audit dapat meminta Audit                 b. If necessary, the Audit Committee may request
         Internal untuk memperluas penelaahan guna menilai                    the Internal Audit to expand the review to assess
         sifat, lingkup, besaran dan dampak dari kelemahan                    the nature, scope, scale, and impact of significant
         signifikan pengendalian internal serta pengaruhnya                   weakness in the internal control and its impact on the
         terhadap Laporan Keuangan.                                           Financial Statements.
  5. Dalam proses penelaahan terhadap efektivitas                      5. During the internal control effectiveness reviewing
     pengendalian       internal,  Komite     Audit   dapat               process, the Audit Committee may refer to the
     mempergunakan laporan dari auditor independen untuk                  independent auditor report to identify any indication of
     melakukan identifikasi kemungkinan adanya kelemahan                  internal control weakness.
     pengendalian internal.
  6. Setiap awal tahun Komite Audit menelaah dan memberi               6. At the beginning of the year, the Audit Committee
     masukan atas Rencana Audit Tahunan (RAT) yang                        conducts a review and provides recommendations on the
     disusun oleh Audit Internal.                                         Annual Audit Plan (RAT) prepared by the Internal Audit.

  PENGENDALIAN INTERNAL ASPEK KEUANGAN                                 INTERNAL CONTROL ON FINANCIAL ASPECT
  Sistem pengendalian internal dalam hal keuangan dilakukan            The internal control system on finances is run to guarantee
  guna memberikan jaminan kebenaran informasi keuangan,                the correctness of financial information, the effectiveness and
  efektivitas dan efisiensi proses pengelolaan Perseroan serta         efficiency of the Company’s management processes as well
  aspek kepatuhan terhadap peraturan perundang-undangan                as aspects of compliance with related laws and regulations.
  terkait. Direksi harus menetapkan suatu sistem pengendalian          The Board of Directors must establish an effective internal
  internal yang efektif untuk mengamankan investasi dan aset           control system to secure the Company’s investments and
  Perseroan.                                                           assets.

  PENGENDALIAN INTERNAL ASPEK OPERASIONAL                              INTERNAL CONTROL ON OPERATION ASPECT
  Aktivitas pengendalian operasional dilakukan dengan                  Operational control activities are carried out by ensuring that
  memastikan bahwa seluruh kegiatan operasional bisnis                 all of the Company’s business operations run in accordance
  Perseroan telah berjalan sesuai dengan sistem, prosedur,             with all applicable systems, procedures, rules and norms in
  kaidah dan norma-norma yang berlaku demi tercapainya                 order for the Company to achieve its targets that are free from
  target Perseroan yang terbebas dari kecurangan dan                   frauds and in accordance with established internal policies.
  sesuai dengan kebijakan internal yang telah ditetapkan.              Internal control in operational aspects, including activities in
  Pengendalian internal pada aspek operasional, mencakup               distribution and sales, as well as in other matters related to
  kegiatan distribusi, penjualan, dan hal-hal lain terkait aktivitas   operations and investment.
  operasi maupun investasi.

  KEPATUHAN TERHADAP PERUNDANG-UNDANGAN                                COMPLIANCE WITH APPLICABLE LAWS
  YANG BERLAKU
  Sebagai perusahaan terbuka, Perseroan senantiasa mematuhi            As a public company, the Company always complies with all
  seluruh regulasi dan perundang-undangan yang berlaku.                applicable laws and regulations. The Company proactively
  Perseroan secara proaktif mengikuti setiap perubahan atau            follows any changes or updates to regulations in the capital
  pembaruan peraturan di bidang pasar modal, khususnya                 market sector, especially those that are relevant to the
  yang relevan dengan bidang usaha Perseroan.                          Company’s line of business.




2023 ANNUAL REPORT                                                                        P T E R A J AYA S WA S E M B A D A T B K        211
Page 214
            tata k e l o l a p e r u s a h a a n




      TINJAUAN ATAS EFEKTIVITAS SISTEM                               REVIEW OF THE EFFECTIVENESS OF INTERNAL
      PENGENDALIAN INTERNAL                                          CONTROL SYSTEM
      Efektivitas sistem pengendalian internal dievaluasi secara     The effectiveness of internal control system is regularly
      berkala oleh Audit Internal baik di tingkat korporasi maupun   evaluated by Internal Audit at corporate and operational
      di tingkat operasional untuk meningkatkan koordinasi kerja     levels to improve work coordination among control functions
      yang baik dan sesuai antar fungsi-fungsi pengendalian di       in the Company.
      lingkungan Perseroan.
      • Audit Internal memberikan laporan secara berkala kepada      •   The Internal Audit presented regular reports to the Audit
          Komite Audit terkait dengan identifikasi kelemahan             Committee related to the identification of internal control
          pengendalian internal Perseroan melalui 4 (empat) kali         weakness in 4 (four) meetings with Audit Committee held
          rapat dengan Komite Audit yang diselenggarakan selama          in 2023.
          2023.
      • Komite Audit telah memberikan rekomendasi terkait            •   The Audit Committee provided recommendations
          dengan penyempurnaan sistem pengendalian internal              related to internal control system improvement and
          dan pelaksanaannya.                                            implementation.
      • Perseroan telah melakukan penyempurnaan terhadap             •   The Company has made an update in the SOP to improve
          SOP guna meningkatkan efektivitas pengendalian                 the effectiveness of internal control in the Company.
          internal Perseroan.
      • Komite Audit telah menelaah dan memberikan masukan           •   The Audit Committee had reviewed and provided
          atas RAT yang disampaikan oleh Audit Internal.                 recommendations on the Audit Plan that was prepared
                                                                         by the Internal Audit.

      PERNYATAAN DEWAN KOMISARIS ATAS                                STATEMENT OF THE BOARD OF COMMISSIONERS
      KECUKUPAN SISTEM PENGENDALIAN INTERNAL                         ON THE ADEQUACY OF INTERNAL CONTROL
                                                                     SYSTEM
      Sistem pengendalian internal Perseroan diarahkan pada aspek    The Company’s internal control system is directed at the
      kepatuhan seluruh elemen Perseroan terhadap peraturan          aspect of compliance with all elements of the Company with
      perundang-undangan yang berlaku, serta Pedoman Perilaku        all applicable regulatory provisions, and the Company’s Code
      dan Budaya Perusahaan. Pelaksanaan pengendalian dan            of Conduct and Corporate Culture. The Company’s internal
      pengawasan internal Perseroan diselenggarakan secara           control and supervision run in stages which include the
      berjenjang yang meliputi organ tata kelola, sebagai berikut:   governance organs, as follows:
      • Dewan Komisaris, melakukan pengawasan dan                    • The Board of Commissioners oversees and provides
         memberikan saran terkait proses pengelolaan perusahaan,          advices related to the Company’s management process,
         pengembangan usaha, serta pengelolaan risiko dengan              business development, and risk management by applying
         menerapkan prinsip kehati-hatian.                                the precautionary principle.
      • Direksi mengembangkan sistem pengendalian internal           • The Board of Directors develops the Company’s internal
         perusahaan agar dapat berfungsi secara efektif untuk             control system in a way that it can function effectively to
         mengamankan investasi dan aset Perseroan.                        secure the Company’s investments and assets.
      • Audit Internal membantu Direksi dalam melaksanakan           • The Internal Audit assists the President Director in
         fungsi audit internal keuangan perusahaan dan operasional        carrying out internal audits of the company’s finances and
         perusahaan serta menilai pengendalian, pengelolaan dan           operations as well as assessing its control, management
         pelaksanannya serta memberikan saran-saran perbaikan.            and implementation as well as providing suggestions for
                                                                          improvement.
      • Komite Audit menilai pelaksanaan kegiatan serta hasil        • The Audit Committee assesses the implementation
        audit yang dilakukan oleh Audit Internal, memberikan              of activities as well as the results of audit work of the
        rekomendasi penyempurnaan sistem pengendalian                     Internal Audit, providing recommendations for all possible
        internal.                                                         improvements in the internal control system.

      Berdasarkan laporan evaluasi dari Komite Audit, Dewan          Based on the evaluation report of Audit Committee, the Board
      Komisaris menilai bahwa sistem pengendalian internal           of Commissioners considers that the Company’s internal
      Perseroan telah dijalankan secara memadai.                     control system has been implemented adequately.




212      P T E R A J AYA S WA S E M B A D A T B K                                                       L A P O R A N TA H U N A N 2 0 2 3
Page 215
                                                                                                  corporate governance




  SISTEM MANAJEMEN RISIKO
  RISK MANAGEMENT SYSTEM

  “Sistem manajemen risiko merupakan bagian yang tak terpisahkan
  dari penerapan GCG yang bertujuan untuk meminimalkan
  potensi risiko dari suatu kejadian yang berdampak negatif dan
  memaksimalkan probablilitas kejadian yang menguntungkan. ”

  “Risk management system is an integrated part of GCG which aims to minimize the potential risk of negative
  events and to maximize the probability of positive events.”



  Perseroan menyadari bahwa sistem manajemen risiko                        The Company realizes the pivotally important role of risk
  memiliki peran penting dalam mengantisipasi kemungkinan                  management system to anticipate possible financial pressure
  Perseroan mengalami tekanan keuangan dan perlindungan                    on the Company, and to give adequate protection against
  terhadap kerugian yang material.                                         material losses.

  Dalam menjalankan kegiatan usaha, Perseroan menghadapi                   In running the business, the Company faces several types
  beberapa jenis risiko yang melekat. Berbagai risiko tersebut             of inherent risks. These various risks are handled through
  ditangani melalui upaya pencegahan risiko, mitigasi risiko,              risk prevention, risk mitigation, or risk transfer. Each of the
  ataupun pengalihan risiko. Setiap unit di Perseroan harus                Company’s units must identify, measure, monitor and report
  melakukan identifikasi, pengukuran, pemantauan dan                       on risks may keep the Company from achieving its objectives.
  pelaporan atas risiko-risiko yang berpotensi menyebabkan
  tidak tercapainya tujuan Perseroan.

  Fungsi manajemen risiko Perseroan dijalankan oleh Direksi                The Company’s risk management function is carried out by
  melalui pendekatan yang sistematis, terstruktur, dan                     the Board of Directors through a systematic, structured, and
  terintegrasi untuk mengantisipasi suatu ketidakpastian atau              integrated approach to anticipate any uncertainty or loss that
  kerugian yang mungkin terjadi dalam pengelolaan Perseroan.               may occur in the management of the Company.


   Profil Risiko Tahun 2023
   Risk Profile in 2023

            Jenis Risiko                           Penjelasan Risiko                                          Mitigasi Risiko
            Type of Risk                            Risk Explanation                                          Risk Mitigation


   Kondisi perekonomian secara   Kondisi ketidakpastian perekonomian global yang masih      Perseroan senantiasa waspada akan perubahan dan
   makro atau global             berlanjut, termasuk perekonomian Indonesia, dapat          selalu memproyeksikan dengan sebaik mungkin
                                 menimbulkan dampak yang signifikan terhadap kegiatan       perubahan yang mungkin terjadi dalam kondisi
                                 usaha Perseroan serta dapat menimbulkan dampak yang        perekonomian secara makro dan global. Dengan
                                 material terhadap kegiatan usaha, kinerja operasional,     mempunyai proyeksi yang baik maka Perseroan mampu
                                 kondisi keuangan, dan prospek Perseroan.                   untuk bergerak secara dinamis dalam menghadapi
                                                                                            perubahan-perubahan.

   Macro or global economic      The ongoing uncertainty of the global economy, including   The Company remained attentive to changes and had
   conditions                    the Indonesian economy, could have a significant impact    all possible changes in macro and global economic
                                 on the Company’s business activities and could have a      conditions projected. With such a projection, the
                                 material impact on the Company’s business activities,      Company was able to move dynamically in the face of
                                 operational performance, financial condition, and          changes.
                                 prospects.

   Kebijakan pemerintah          Perseroan dan entitas anak tunduk pada berbagai            Perseroan akan selalu waspada akan perubahan-
                                 peraturan dan kebijakan yang ditetapkan oleh Pemerintah    perubahan kebijakan pemerintah yang mempunyai
                                 Indonesia, yang setiap saat dapat mengeluarkan             dampak agar secara dinamis mampu untuk menyesuaikan
                                 kebijakan-kebijakan    dan/atau     peraturan-peraturan    diri dengan perubahan-perubahan tersebut.
                                 baru atau mengubah atau menghapus kebijakan-
                                 kebijakan dan/atau peraturan-peraturan yang telah ada.
                                 Perubahan-perubahan ini dapat membawa pengaruh
                                 material yang kemungkinan dapat mempengaruhi bisnis,
                                 kondisi keuangan dan kinerja usaha Perseroan dan
                                 entitas anak.




2023 ANNUAL REPORT                                                                               P T E R A J AYA S WA S E M B A D A T B K         213
Page 216
             tata k e l o l a p e r u s a h a a n




       Profil Risiko Tahun 2023
       Risk Profile in 2023

                  Jenis Risiko                             Penjelasan Risiko                                              Mitigasi Risiko
                  Type of Risk                              Risk Explanation                                              Risk Mitigation


       Government Regulation            The Company and its subsidiaries are subject to various      The Company will remain attentive to changes in
                                        regulations and policies issued by the Government of         government policies that potentially have an impact
                                        Indonesia, which at any time may issue new policies and/     in order for the Company to adapt to the changes
                                        or regulations or supersede the existing ones with new       dynamically.
                                        policies and/or regulations. These changes may have a
                                        material impact that may affect the business, financial
                                        condition and business performance of the Company and
                                        its subsidiaries.

       Risiko tingkat suku bunga        Risiko dimana nilai wajar atau arus kas di masa depan        Perseroan dan entitas anaknya senantiasa mengelola
                                        yang berfluktuasi karena perubahan tingkat suku bunga        risiko ini dengan melakukan pinjaman dari bank yang
                                        pasar. Perseroan dan entitas anaknya terpengaruh risiko      dapat memberikan tingkat suku bunga yang lebih
                                        perubahan suku bunga pasar terutama terkait dengan           rendah dari bank lain.
                                        utang bank jangka pendek dengan suku mengambang.

       Interest rate risk               A type of risk where t the fair value or future cash flows   The Company and its subsidiaries always manage this
                                        fluctuates due to changes in market interest rates. The      risk by taking loans from banks that offer lower interest
                                        Company and its subsidiaries are exposed to the risk of      rates than other banks.
                                        changes in market interest rates, mainly related to short-
                                        term bank loans with floating rates.

       Risiko kredit                    Risiko dimana pihak lawan transaksi gagal memenuhi           Perseroan dan entitas anak hanya melakukan transaksi
                                        kewajibannya berdasarkan instrumen keuangan dan              dengan pihak-pihak yang diakui dan dapat dipercaya. Hal
                                        menyebabkan kerugian keuangan. Perseroan dan entitas         ini menjadi salah satu kebijakan Perseroan dan entitas
                                        anaknya terkena risiko ini dari kredit yang diberikan        anak dimana semua pelanggan yang akan melakukan
                                        kepada pelanggan.                                            pembelian secara kredit harus melalui prosedur verifikasi
                                                                                                     kredit. Selain itu, posisi piutang pelanggan juga dipantau
                                                                                                     secara terus-menerus untuk mengurangi kemungkinan
                                                                                                     piutang yang tidak tertagih.

       Credit Risk                      The type of risk where the counterparty fails to meet        The Company and its subsidiaries only give term
                                        its obligations under the financial instrument and cause     payments to trustworthy parties. This is one of the
                                        financial losses. The Company and its subsidiaries are       policies of the Company and its subsidiaries where
                                        exposed to this risk from credit given to the customers      all customers who make purchases on credit must go
                                        on the Company’s products.                                   through a credit verification procedure. In addition,
                                                                                                     the position of customer receivables is also regularly
                                                                                                     monitored to reduce the possibility of uncollectible
                                                                                                     receivables.



      TINJAUAN ATAS EFEKTIVITAS SISTEM MANAJEMEN                                   REVIEW OF THE EFFECTIVENESS OF RISK
      RISIKO                                                                       MANAGEMENT SYSTEM
      Identifikasi dan evaluasi atas profil risiko-risiko yang relevan             The risk profiles that are relevant to the Company’s business
      dengan kegiatan usaha Perseroan dilakukan oleh masing-                       activities is identified and evaluated by each department as
      masing departemen sebagai lini pertama dalam kerangka                        the first line within the framework of the third lines model.
      third lines model. Selanjutnya Departemen Manajemen Risiko                   Further, the Risk Management Department and Internal
      dan Audit Internal berperan sebagai lini pertahanan kedua                    Audit act respectively as the second and third lines of defense
      dan ketiga yang mengawal penerapan sistem manajemen                          that oversee the implementation of risk management system
      risiko di Perseroan.                                                         in the Company.

      Direksi bersama-sama dengan Audit Internal dan Dewan                         The Board of Directors together with the Internal Audit
      Komisaris yang diwakili oleh Komite Audit menelaah                           and the Board of Commissioners represented by the Audit
      dan merumuskan strategi pengelolaan dan mitigasi risko                       Committee reviews and formulates the necessary risk
      yang diperlukan. Sementara Dewan Komisaris memonitor                         management and mitigation strategies. Meanwhile, the
      pelaksanaan aktivitas manajemen risiko Perseroan.                            Board of Commissioners monitors the process.

      Dengan melibatkan seluruh unsur di Perseroan, penerapan                      By involving all elements in the Company, the implementation
      sistem manajemen risiko di Perseroan sepanjang tahun 2023                    of the risk management system in the Company throughout
      sudah berjalan dengan baik, efektif, dan terukur.                            2023 has been running well, effectively, and measurably.




214       P T E R A J AYA S WA S E M B A D A T B K                                                                           L A P O R A N TA H U N A N 2 0 2 3
Page 217
                                                                                      corporate governance




  PERNYATAAN DEWAN KOMISARIS ATAS                                 STATEMENT OF THE BOARD OF COMMISSIONERS
  KECUKUPAN SISTEM MANAJEMEN RISIKO                               ON THE ADEQUACY OF RISK MANAGEMENT
                                                                  SYSTEM
  Dalam menghadapi risiko yang ada, Perseroan memiliki dan        In dealing with existing risks, the Company has in place and
  telah melaksanakan sistem manajemen risiko yang memadai         has implemented an adequate risk management system to
  untuk mendukung terlaksananya pengelolaan risiko yang           support the implementation of effective risk management
  efektif dengan rincian sebagai berikut:                         with the following details:
  a. Pengawasan yang aktif dari Dewan Komisaris dan Direksi       a. Active supervision of the Board of Commissioners and
      atas seluruh kinerja dan aktivitas Perseroan.                   Board of Directors on all performance and activities of the
                                                                      Company.
  b. Melakukan evaluasi, pembaharuan dan pengadaan                b. Evaluating, updating. and procuring policies, regulations
     kebijakan-kebijakan, peraturan dan SOP.                          and SOP.
  c. Melakukan identifikasi, pengukuran serta pemantauan          c. Identifying, measuring, and monitoring the potential risks
     potensi-potensi risiko yang dihadapi oleh Perseroan.             faced by the Company.
  d. Penerapan sistem informasi manajemen dalam hal               d. Implementation of management information system in
     pengendalian internal yang menyeluruh. Perseroan                 terms of comprehensive internal control. By implementing
     dalam menerapkan pengendalian risikonya, ditujukan               risk control, the Company aims to obtain effectiveness
     untuk memperoleh efektivitas dari kinerja.                       from performance.




  PERKARA HUKUM
  LEGAL CASES

  Hingga akhir tahun 2023, Perseroan, anggota Direksi dan         At end of December 2023, the Company including Board of
  Dewan Komisaris tidak terlibat perkara bersifat material yang   Directors and Board of Commissioners were not involved in
  mencakup lingkup perdata, pidana, kepailitan, perpajakan,       any material cases, either civil, criminal, bankcruptcy, tax,
  tata usaha negara, ataupun perkara yang terdapat dalam          state administrative or cases under Indonesian National
  Badan Arbitrase Nasional Indonesia.                             Arbitration Board.




  SANKSI ADMINISTRATIF
  ADMINISTRATIVE SANCTION

  Pada tahun 2023, Perseroan tidak pernah menerima sanksi         In 2023, there was no administrative sanction imposed to the
  administratif dari regulator maupun otoritas pasar modal.       Company by the regulators or capital market authorities.




2023 ANNUAL REPORT                                                                   P T E R A J AYA S WA S E M B A D A T B K       215
Page 218
            tata k e l o l a p e r u s a h a a n




      PEDOMAN PERILAKU
      CODE OF CONDUCT

      “Pedoman Perilaku adalah komitmen seluruh insan Perseroan
      berupa standar yang memuat prinsip dan nilai serta cara
      berperilaku dalam pengambilan keputusan dengan menjunjung
      tinggi etika dan menghormati hak-hak pemangku kepentingan yang
      dimiliki Perseroan.”

      “The Code of Conduct is the commitment of all Company people in the form of standards that contain
      principles and values as well as ways of behavior in decision-making by upholding ethics and respecting the
      rights of the Company’s stakeholders.”




                     PEDOMAN PERILAKU
                      CODE OF CONDUCT



                  Perseroan memandang perlu untuk menyusun Pedoman Perilaku yang mengutamakan etika dan nilai-nilai sehingga
                  menjamin terlaksananya GCG. Pedoman Perilaku tidak menggantikan ketentuan yang tertuang dalam Peraturan
                  Perusahaan, tetapi sebaliknya merupakan pelengkap agar Insan Perseroan mewujudkan apa yang diharapkan
                  sehingga terbentuk akuntabilitas profesional dengan integritas yang tinggi. Dengan demikian, maksud dari Pedoman
                  Perilaku adalah mengarah pada standar praktis etika yang harus diikuti oleh seluruh insan Perseroan dan menciptakan
                  prestasi dan citra Perseroan yang positif dengan model perilaku dan kepemimpinan yang beretika di semua tingkat
                  interaksi antara Perseroan dan pemangku kepentingannya.

                  The Company believes that it is necessary to prepare a Code of Conduct that prioritizes ethics and values thus ensuring
                  the GCG implementation. The Code of Conduct does not replace the provisions contained in the Company Regulation,
                  but on the contrary, it is a complement so that the Company’s people realize what is expected so that professional
                  accountability with high integrity is formed. Thus, the purpose of this code of conduct is aim to the practical standards
                  for ethics that must be followed by all the Company’s people and create achievements and a positive corporate image
                  with ethical leadership and behavior models at all levels of interaction between the Company and its stakeholders.




      POKOK-POKOK PEDOMAN PERILAKU                                            CONTENT OF THE CODE OF CONDUCT
      Pedoman Perilaku mengatur kebijakan nilai-nilai                         The Company’s Code of Conduct governs ethical values
      etis yang dinyatakan secara eksplisit sebagai suatu standar             policies which are stated explicitly as a standard of behavior
      perilaku yang harus dipedomani oleh seluruh Insan Perseroan.            that each of the Company’s people ought to follow. The Code
      Pedoman Perilaku mengatur hal-hal sebagai berikut:                      of Conduct regulates the following matters:
      1. Komitmen Perseroan terhadap para pemangku                            1. The Company’s commitment towards its stakeholders.
          kepentingan.
      2. Komitmen perilaku karyawan.                                          2. Employee behavioral commitment.
      3. Petunjuk pelaksanaan.                                                3. Implementation Instructions.
      4. Pakta integritas dan pernyataan anti-fraud.                          4. Integrity pact and anti-fraud statement.




216      P T E R A J AYA S WA S E M B A D A T B K                                                                  L A P O R A N TA H U N A N 2 0 2 3
Page 219
                                                                                   corporate governance




  SOSIALISASI DAN PENEGAKAN PEDOMAN                            SOCIALIZATION AND ENFORCEMENT OF THE CODE
  PERILAKU                                                     OF CONDUCT
  Dalam rangka menegakkan Pedoman Perilaku sebagai             In order to enforce the Code of Conduct as the Company’s
  standar etika di Perseroan, maka seluruh manajemen di        ethical standards, all the Company’s management of all
  lingkungan Perseroan bertanggung jawab untuk memastikan      levels are given the responsibility to ensure that the Code
  bahwa Pedoman Perilaku telah disosialisasikan kepada         of Conduct has been socialized to all employees to make
  seluruh karyawan dengan tujuan untuk dipahami dan            them comprehendible and realizable as an inseparable
  dipraktikkan secara sadar sebagai bagian tak terpisahkan     part of business practices and performance appraisal of all
  dari praktik bisnis dan penilaian kinerja seluruh karyawan   employees of the Company.
  Perseroan.

  Proses penegakan Pedoman Perilaku dimulai dari sosialisasi   The process of enforcing the Code of Conduct begins with the
  Nilai-nilai Luhur Perusahaan beserta Pedoman Perilaku        socialization of the Company’s Noble Values and the Code
  sebagai satu bagian yang tidak terpisahkan. Sosialisasi      of Conduct that are integral to one another. The socialization
  dilakukan oleh Divisi Human Resources melalui media tatap    was carried out by the Human Resources Division through
  muka dan media elektronik yang lainnya yang dapat diakses    face-to-face media and other electronic media that every
  oleh setiap insan Perseroan dengan mudah. Adapun tujuan      employee of the Company can easily access. The objectives
  dari sosialisasi adalah sebagai berikut:                     of socialization are as follows:
  1. Sebagai preparatory stage pengenalan Pedoman Perilaku     1. As a preparatory stage to introduce the Code of Conduct
      kepada setiap insan Perseroan,                               to every tje Company’s people,
  2. Menanamkan Pedoman Perilaku kepada setiap insan           2. To instil the Code of Conduct for all the Company’s people
      Perseroan agar dapat mempelajari dan menghayati Nilai-       so they can learn and live up to the Company’s Noble
      nilai Luhur Perseroan dan Pedoman Perilaku,                  Values and Code of Conduct,
  3. Melahirkan kesadaran dari setiap diri insan Perseroan     3. To produce awareness among all of the Company’s
      untuk menerapkan Pedoman Perilaku di dalam setiap            people to apply the Code of Conduct in every action,
      tindakan, termasuk pada saat menjalankan bisnis              including when running the Company’s business.
      Perseroan.

  PEDOMAN PERILAKU BERLAKU DI SELURUH LEVEL                    THE CODE OF CONDUCT APPLIES AT ALL
  ORGANISASI                                                   ORGANIZATIONAL LEVEL
  Pedoman Perilaku wajib diketahui, dipahami, dihayati, dan    The Company’s Code of Conduct must be known, understood,
  dilaksanakan oleh semua insan Perseroan dari berbagai        internalized, and implemented by all the Company’s people
  tingkatan level jabatan, termasuk Dewan Komisaris dan        at all office ranks, including the Board of Commissioners
  Direksi, serta pejabat eksekutif lainnya. Perseroan akan     and the Board of Directors, and other executive officers. The
  bertindak tegas terhadap perilaku yang menyimpang dari       Company will take firm action against behavior that deviates
  standar ini.                                                 from this standard.




  KEBIJAKAN PEMBERIAN
  KOMPENSASI JANGKA PANJANG
  BERBASIS KINERJA KEPADA
  MANAJEMEN DAN ATAU KARYAWAN
  PERFORMANCE-BASED LONG-TERM COMPENSATION POLICY TO
  MANAGEMENT AND OR EMPLOYEES

  Sampai akhir tahun buku 2023, Perseroan belum menerapkan     Until the end of the fiscal year 2023, the Company has not
  kebijakan pemberian kompensasi jangka panjang berbasis       implemented a policy of providing long-term performance-
  kinerja kepada manajemen dan atau karyawan termasuk          based compensation to management and or employees
  Employee Stock Ownership Program/Management Stock            including the Employee Stock Ownership Program/
  Ownership Program (ESOP/MSOP).                               Management Stock Ownership Program (ESOP/MSOP).



2023 ANNUAL REPORT                                                                P T E R A J AYA S WA S E M B A D A T B K      217
Page 220
            tata k e l o l a p e r u s a h a a n




      PENGUNGKAPAN INFORMASI
      MENGENAI KEPEMILIKAN SAHAM
      PERSEROAN OLEH ANGGOTA
      DIREKSI DAN ANGGOTA DEWAN
      KOMISARIS
      INFORMATION DISCLOSURE REGARDING THE COMPANY’S
      SHARES OWNERSHIP BY MEMBERS OF THE BOARD OF
      DIRECTORS AND MEMBERS OF THE BOARD OF COMMISSIONERS


      Berdasarkan Peraturan OJK No. 11/POJK.04/2017 tentang          Based on OJK Regulation No. 11/POJK.04/2017 concerning
      Laporan Kepemilikan atau Setiap Perubahan Kepemilikan          Report on Ownership or Any Changes in Shares Ownership
      Saham Perusahaan Terbuka, Perseroan menyusun kebijakan         of a Public Company, the Company formulates a policy
      mengenai kewajiban anggota Direksi dan anggota Dewan           regarding the obligations of members of the Board of
      Komisaris untuk menyampaikan informasi kepada Perseroan        Directors and members of the Board of Commissioners to
      mengenai kepemilikan dan setiap perubahan kepemilikannya       submit information to the Company regarding ownership and
      atas saham Perseroan (Saham ERAA), antara lain:                any changes in his/her ownership of the Company shares
                                                                     (ERAA Shares), including:
      •   Anggota Direksi atau anggota Dewan Komisaris               • Members of the Board of Directors or members of the
          wajib melaporkan kepada OJK atas kepemilikan dan               Board of Commissioners are obliged to report to OJK on
          setiap perubahan kepemilikannya atas Saham ERAA                ownership and any change in his/her ownership of ERAA
          baik langsung maupun tidak langsung paling lambat              Shares, either directly or indirectly, no later than 10 (ten)
          10 (sepuluh) hari sejak terjadinya kepemilikan atau            days after the occurrence of ownership or change in
          perubahan kepemilikan atas Saham ERAA tersebut.                ownership of ERAA Shares.
      •   Kewajiban pelaporan dari anggota Direksi atau anggota      • The reporting obligations of members of the Board of
          Dewan Komisaris kepada OJK tersebut di atas dilakukan          Directors or members of the Board of Commissioners
          melalui Perseroan.                                             to OJK mentioned above are carried out through the
                                                                         Company.
      •   Anggota Direksi dan anggota Dewan Komisaris wajib          • Members of the Board of Directors and members of
          menyampaikan informasi kepada Perseroan mengenai               the Board of Commissioners are obliged to submit
          kepemilikan dan setiap perubahan kepemilikannya atas           information to the Company regarding the ownership
          Saham ERAA paling lambat 3 (tiga) hari kerja setelah           and any changes in his/her ownership of ERAA Shares no
          terjadinya kepemilikan atau setiap perubahan kepemilikan       later than 3 (three) working days after the occurrence of
          atas saham ERAA.                                               ownership or any changes in ownership of ERAA shares.

      PELAKSANAAN ATAS KEBIJAKAN KEPEMILIKAN                         IMPLEMENTATION OF ERAA SHARES OWNERSHIP
      SAHAM ERAA PADA TAHUN 2023                                     POLICY IN 2023
      Pada tahun 2023 Perseroan tidak menerima informasi dari        In 2023, the Company did not receive information from
      baik anggota Direksi maupun anggota Dewan Komisaris            either member of the Board of Directors or members of the
      mengenai terjadinya kepemilikan (baru) atau perubahan          Board of Commissioners regarding the (newly) occurrence
      kepemilikan atas Saham ERAA yang telah dimiliki sejak          of ownership or changes in ownership of ERAA Shares that
      tahun-tahun sebelumnya yang telah diketahui dan dicatat        have been owned since previous years ago which were
      oleh Perseroan.                                                already known and recorded by the Company.




218       P T E R A J AYA S WA S E M B A D A T B K                                                      L A P O R A N TA H U N A N 2 0 2 3
Page 221
                                                                                   corporate governance




  KEBIJAKAN KOMUNIKASI
  DENGAN PEMEGANG SAHAM
  COMMUNICATION POLICY WITH SHAREHOLDERS


  “Sebagai wujud dari komitmen Perseroan untuk menciptakan nilai
  jangka panjang bagi para pemegang saham, Perseroan menyusun
  Kebijakan Komunikasi Dengan Pemegang Saham (“Kebijakan
  Komunikasi”) yang mengatur proses pemberian informasi kepada
  para pemegang saham dan komunitas investasi secara wajar
  dan tepat waktu sehingga para pemegang saham dan komunitas
  investasi dapat melakukan penilaian atas strategi, perkembangan,
  operasional dan kinerja keuangan Perseroan, serta memungkinkan
  pemegang saham dan komunitas investasi terlibat secara aktif
  dengan Perseroan.”

  “As a manifestation of the Company’s commitment to creating long-term value for its shareholders, the
  Company has prepared a Communication Policy with Shareholders (“Communication Policy”) that governs the
  process of providing fair and timely information to shareholders and the investment community that will allow
  the shareholders and the investment community to assess the Company’s strategy, growth, operations and
  financial performance, as well as enable shareholders and the investment community to be actively involved
  with the Company.”



  Secara garis besar, Kebijakan Komunikasi mengatur mengenai    Generally, the Communication Policy governs general policies
  kebijakan umum dan media komunikasi.                          and communication media.

  KEBIJAKAN UMUM                                                GENERAL POLICIES
  1. Dialog yang informatif serta konstruktif antara Direksi    1. Informative and constructive dialogue between the
     dengan pemegang saham dan komunitas investasi akan            Board of Directors and shareholders and the investment
     mendorong kualitas penerapan GCG. Dalam kegiatan              community will enhance the quality of the GCG
     sehari-hari, Investor Relations Perseroan akan mengambil      implementation In daily activities, the Company’s Investor
     peran dalam komunikasi antara Direksi dengan pemegang         Relations plays a key role in communication between
     saham/komunitas investasi,                                    the Board of Directors and shareholders/investment
                                                                   community,
  2. Perseroan berfokus pada komunikasi yang terbuka,           2. The Company focuses on open communication, transparent
     pengungkapan secara transparan dan wajar, perlakuan           and fair disclosure, equal treatment to shareholders and
     yang setara terhadap para pemegang saham dan                  protection for the interests of shareholders, by upholding
     perlindungan atas kepentingan para pemegang saham,            the integrity, timeliness and relevance of the information
     dengan menjunjung integritas, ketepatan waktu dan             provided,
     relevansi informasi yang diberikan,
  3. Perseroan      selalu  memastikan   informasi  yang        3. The Company always ensures that information is
     dikomunikasikan secara akurat untuk menghindari               accurately communicated to avoid the creation or
     penciptaan atau kelanjutan dari informasi yang                continuation of misleading information in the market,
     menyesatkan di pasar,
  4. Perseroan mengupayakan komunikasi dengan para              4. The Company strives for communication with shareholders
     pemegang saham dilakukan sesuai kebutukan para                according to the needs of the shareholders,
     pemegang saham,



2023 ANNUAL REPORT                                                                P T E R A J AYA S WA S E M B A D A T B K      219
Page 222
           tata k e l o l a p e r u s a h a a n




      5. Komunikasi dengan pemegang saham merupakan                5. Communication with shareholders is a top priority.
         prioritas utama. Informasi yang luas tentang kegiatan        Extensive information about the Company’s activities
         Perseroan tersedia bagi para pemegang saham dalam            is disclosed to shareholders in the Company’s annual
         laporan tahunan, laporan keuangan ataupun laporan-           reports, financial reports or reports to the regulators,
         laporan Perseroan kepada regulator, yang tersedia di         which are made available on the Company’s website
         website Perseroan (www.erajaya.com),                         (www.erajaya.com),
      6. Komunikasi dengan pemegang saham dan komunitas            6. Communication with shareholders and the investment
         investasi dilakukan sesuai dengan perundang-undangan         community is carried out in accordance with applicable
         dan peraturan yang berlaku.                                  laws and regulations.

      Sosialisasi   kebijakan    komunikasi    Perseroan   telah   The socialization of the Company’s communication policy
      dipublikasikan pada situs web Perseroan.                     guidelines has been uploaded on the Company’s website.

      MEDIA KOMUNIKASI                                             COMMUNICATION MEDIA
      Komunikasi dengan para pemegang saham dan komunitas          Communication with shareholders and investment community
      investasi dilakukan melalui:                                 is carried out through:
      1. Rapat Umum Pemegang Saham                                 1. General Meeting of Shareholders
      2. Paparan Publik                                            2. Public Expose
      3. Laporan Keuangan                                          3. Financial Report
      4. Laporan Keberlanjutan                                     4. Sustainability Report
      5. Komunikasi dengan komunitas investasi                     5. Communication with the investment community
      6. Situs web Perseroan                                       6. Company website
      7. Pertanyaan pemegang saham                                 7. Shareholder questions
      8. Akses email                                               8. Email access




      SISTEM PELAPORAN
      PELANGGARAN
      WHISTLEBLOWING SYSTEM


      “Sistem Pelaporan Pelanggaran (Whistleblowing System/WBS)
      adalah sistem yang mengelola pengaduan/penyingkapan mengenai
      perilaku melawan hukum, perbuatan tidak etis/tidak semestinya
      secara rahasia, anonim dan mandiri yang digunakan untuk
      mengoptimalkan peran serta insan Perseroan dan pihak lainnya
      dalam mengungkapkan pelanggaran yang terjadi di lingkungan
      Perseroan.”

      “Whistleblowing System (WBS) is a system to process every report/disclosure about actions against the law,
      unethical/misappropriate attitude in confidential, anonymous, and autonomous ways that are implemented
      to optimize the participation of Company’s people and other parties to reveal any violation occurred in the
      Company’s circumstances.”


      WBS diharapkan dapat membantu Perseroan untuk                The WBS is expected to assist the Company in minimizing
      meminimalkan terjadinya potensi pelanggaran pada lingkup     the occurrence of potential violations within the scope of
      Perseroan, sekaligus mendorong para pihak untuk segera       the Company, while encouraging all parties to immediately
      melaporkan tindakan-tindakan pelanggaran tanpa ada           report violations without any doubt or fear.
      keraguan atau rasa takut.



220      P T E R A J AYA S WA S E M B A D A T B K                                                  L A P O R A N TA H U N A N 2 0 2 3
Page 223
                                                                                                      corporate governance




                  PIHAK PENERIMA PENGADUAN WBS BERDASARKAN
                  POSISI TERLAPOR
                  Recipient of WBS Report Based on the Position of the Reported Party




            Jika yang dilaporkan adalah anggota Tim      Jika     yang      dilaporkan  adalah         Jika yang dilaporkan anggota Direksi,
            Whistleblowing, laporan ditujukan pada       karyawan, laporan ditujukan pada Tim          laporan    ditujukan    kepada   Tim
            Direksi.                                     Whistleblowing, dan diteruskan kepada         Whistleblowing dan diteruskan kepada
            If the reported party is a member of WBS     Direksi Perseroan.                            Dewan Komisaris Perseroan.
            Team, the report shall be submitted to the   If the reported party is An employee, the     If the reported party is a member of Board
            Board of Directors                           report shall be submitted to the WBS          of Directors, the report shall be to the
                                                         Team and forwarded to the Board of            WBS Team and forwarded to the Board of
                                                         Directors                                     Directors




  MEKANISME PENANGANAN LAPORAN                                               REPORT HANDLING MECHANISM
  Setiap laporan yang masuk akan dipelajari, diklasifikasikan                Every report received will be reviewed, classified, and
  dan ditindaklanjuti berdasarkan fakta-fakta yang diperoleh.                followed-up considering the facts.

  Jika dokumen dan bukti-bukti yang disampaikan lengkap, Tim                 If the documents and evidence submitted are complete, the
  WBS melakukan pemilahan data dan memutuskan apakah                         WBS Team will start the data screening process and decide
  kasus tersebut dapat dilanjutkan ke tingkat penyelidikan. Jika             whether the case can be continued to the investigation level.
  keputusannya adalah cukup bukti, maka laporan tersebut                     If the decision is sufficient evidence, then the report will be
  akan ditingkatkan statusnya ke tahap penyelidikan.                         upgraded to the investigation stage.

  Keputusan terhadap terbukti/tidaknya pelaporan tersebut                    The decision of the report, whether proven correct or not, will
  akan dibuat dan diambil berdasarkan pertimbangan akibat                    be made and taken based on the consideration of the impact,
  tindakan, derajat kesengajaan dan motif tindakan.                          level of intention, and purpose of the action.

  Laporan yang tidak terbukti akan dikembalikan kepada                       Any not proven report will be returned to the whistleblower.
  pelapor. Namun apabila terbukti, Tim WBS akan melaporkan                   If the report is proven, the WBS Team will report the finding
  hasil temuannya tersebut kepada Direksi/Dewan Komisaris.                   to the Board of Directors/Board of Commissioners. Any report
  Laporan yang berkaitan dengan jajaran manajemen di bawah                   related to the Management under the Board of Directors will
  Direksi disampaikan dalam bentuk surat dan ditujukan kepada                be delivered by letter and addressed to the President Director;
  Direktur Utama, sedangkan laporan-laporan yang berkaitan                   however, any report related to the Board of Directors will be
  dengan Direksi akan ditujukan kepada Dewan Komisaris.                      addressed to the Board of Commissioners.

  Sanksi yang dijatuhkan dapat berupa teguran lisan, surat                   The punishment will be administered as a verbal warning,
  peringatan (I, II, III), hingga pemutusan hubungan kerja (PHK).            warning letter (I, II, II) up to termination (PHK). The Company
  Perseroan tidak akan menolerir setiap pelanggaran terkait                  has zero-tolerance against any integrity violation.
  dengan integritas.




2023 ANNUAL REPORT                                                                                   P T E R A J AYA S WA S E M B A D A T B K       221
Page 224
             tata k e l o l a p e r u s a h a a n




                 Pelapor                         Tanggapan                Tim Pelaporan Pelanggaran
                 Reporter                         Feedback                   Whistleblowing Team




       Sistem Pelaporan Pelanggaran    MEKANISME PENANGANAN                                                                              Penindakan sesuai dengan
                                                                                                                                           Ketentuan yang Berlaku
                                                                                                                                        Enforcement in Accordance with
                                       PELAPORAN PELANGGARAN
           Whistleblowing System
                                                                                                                                            Applicable Regulations



                                       WHISTLEBLOWING REPORT
            Memenuhi Kriteria          MECHANISM                                                               Jika Terbukti
                                                                                                                                        Putusan dari Direksi/Komisaris
                                                                                                                                            Decision of the Board of
             Meet the Criteria                                                                                    If Proven
                                                                                                                                           Directors/Commissioners




            Penelaahan oleh Tim          Dilaporkan Kepada Dewan
                                                                                                                                                Kasus Ditutup
              Whistleblowing                      Komisaris
                                                                                                                                                 Case Closed
       Review by Whistleblowing Team   Report to Board of Commissioners




                                                                                                                                        Putusan dari Direksi/Komisaris
        Dilaporkan Kepada Direksi            Investigasi Internal          Laporan Hasil Investigasi        Jika Tidak Terbukti
                                                                                                                                            Decision of the Board of
        Report to Board of Directors         Internal Investigation           Investigation Report              If Not Proven
                                                                                                                                           Directors/Commissioners




      PERLINDUNGAN BAGI PELAPOR                                                            PROTECTION TO THE WHISTLEBLOWER
      Perseroan menyediakan fasilitas saluran pelaporan melalui                            The Company provides whistleblowing facility by mail and
      surat dan e-mail yang independen, bebas, dan rahasia bagi                            e-mail that is independent, autonomous, and confidential for
      pelapor, agar terlaksana proses pelaporan yang aman.                                 the whistleblower to establish a secure reporting process.

      Tim WBS wajib menjaga kerahasiaan identitas pelapor                                  The WBS Team shall protect the confidentiality of the
      dengan tujuan memberikan perlindungan kepada pelapor                                 whistleblower’s identity aiming to protect the whistleblower
      atas tindakan balasan dari terlapor. Informasi pelaksanaan                           from any countermeasure from the reported party. Information
      tindak lanjut laporan akan disampaikan secara rahasia kepada                         about the reported follow-up will be delivered confidentially
      pelapor yang identitasnya lengkap.                                                   to the whistleblower with a complete identity.

      PENGADUAN DITERIMA DAN DISELESAIKAN PADA                                             WHISTLEBLOWING RECEIVED AND RESOLVED IN
      TAHUN 2023                                                                           2023
      Hingga akhir 2023, tidak terdapat laporan pengaduan yang                             Until the end of 2023, there are no complaints reports received
      diterima di dalam wistem WBS. Walaupun nihil pelaporan,                              in the WBS system. Despite zero reporting, the WBS Team
      Tim WBS tetap mengelola sistem WBS yang berjalan                                     still manages the running WBS system and evaluates the
      dan mengevaluasi efektivitas penerapannya. Selain itu,                               effectiveness of its implementation. In addition, the operation
      operasionalisasi WBS juga tetap diawasi oleh Dewan                                   of the WBS is also monitored by the Board of Commissioners
      Komisaris agar objektivitas dan independensi pengelolanya                            in order to ensure the objectivity and independence of its
      tetap terjaga.                                                                       managers.




222       P T E R A J AYA S WA S E M B A D A T B K                                                                                L A P O R A N TA H U N A N 2 0 2 3
Page 225
                                                                                     corporate governance




  KEBIJAKAN ANTIKORUPSI
  ANTI-CORRUPTION POLICY

  Salah satu upaya Perseroan untuk meningkatkan kualitas         One of the Company’s efforts to improve the quality of
  tata kelola di Perseroan adalah dengan memastikan bahwa        governance in the Company is to ensure that all activities and
  seluruh aktivitas dan proses bisnis Perseroan terhindar dari   business processes of the Company are to ensure that their
  tindakan-tindakan korupsi sebagaimana didefinisikan dalam      activities and the Company’s business are free of corruption
  Undang-Undang Pemberantasan Tindak Pidana Korupsi              as referred to in the Corruption Eradication Act (UU Tipikor),
  (UU Tipikor), yaitu terkait dengan kegiatan: 1) merugikan      which are related to the following activities: 1) detrimental
  keuangan negara, 2) penyuapan, 3) penggelapan, 4)              to state finances, 2) bribery, 3) embezzlement, 4) extortion,
  pemerasan, 5) perbuatan curang, 6) benturan kepentingan,       5) fraud, 6) conflict of interest, and 7) gratification. For this
  dan 7) gratifikasi. Untuk itu Perseroan memiliki sejumlah      reason, the Company has several policies contained in the
  kebijakan yang tertuang dalam dokumen-dokumen sebagai          following documents:
  berikut:
  a. Pedoman Tata Kelola                                         a.   Governance Guidelines
  b. Pedoman Kerja Direksi                                       b.   Board of Directors Charter
  c. Pedoman Kerja Dewan Komisaris                               c.   Board of Commissioners Charter
  d. Pedoman Kerja Internal Audit                                d.   Internal Audit Charter
  e. Pedoman Kerja Komite Audit                                  e.   Audit Committee Charter
  f. Pedoman Perilaku                                            f.   Code of Conduct
  g. Pedoman Whistleblowing System                               g.   Whistleblowing System Guidelines

  KEGIATAN PELATIHAN/SOSIALISASI ANTIKORUPSI                     ANTI-CORRUPTION TRAINING/SOCIALIZATION
  KEPADA KARYAWAN                                                ACTIVITIES FOR EMPLOYEES
  Perseroan melakukan sosialisasi kebijakan antikorupsi          The Company’s anti-corruption policy is socialized through
  melalui proses penegakan Pedoman Perilaku yang dimulai         the process of enforcing the Code of Conduct, starting with the
  dari internalisasi Nilai-Nilai Luhur Perseroan beserta         internalization of the Company’s Noble Values and the Code
  Pedoman Perilaku sebagai bagian yang tidak terpisahkan.        of Conduct as one integral part. The socialization is normally
  Sosialisasi tersebut biasanya dilakukan oleh Audit Internal    carried out by Internal Audit and the Board of Directors when
  dan Direksi pada kesempatan-kesempatan event internal          internal occasion arises or during Townhall meetings and is
  atau townhall meeting dan juga tercantum dalam Pedoman         stated in the Code of Conduct. Besides face-to-face forums,
  Perilaku. Selain melalui kegiatan tatap muka, sosialisasi      the policy is also socialized via electronic media that can
  kebijakan juga dilakukan melalui media elektronik yang dapat   be easily accessed by all the Company’s people and other
  diakses dengan mudah oleh setiap insan Perseroan maupun        stakeholders, by e.g., uploading the policy on the Company’s
  para pemangku kepentingan lainnya, termasuk pada situs         official website.
  web Perseroan.

  Tujuan dari sosialisasi adalah:                                The objectives of socialization are:
  1. Sebagai preparatory stage pengenalan Pedoman Perilaku       1. As a preparatory stage for introducing the Code of
      kepada setiap insan Perseroan,                                Conduct to every member of the Company,
  2. Menanamkan Pedoman Perilaku kepada setiap insan             2. To instill the Code of Conduct to the Company’ people so
      Perseroan agar dapat mempelajari dan menghayati Nilai-        that they can learn and live up to the Company’s Noble
      Nilai Luhur Perusahaan dan Pedoman Perilaku,                  Values and Code of Conduct,
  3. Melahirkan kesadaran dari setiap diri insan Perseroan       3. To create awareness among all the Comapny’s people to
      untuk menerapkan Pedoman Perilaku di dalam setiap             apply the Code of Conduct in every action, including in
      tindakan, termasuk pada saat menjalankan bisnis               running the Company’s business.
      Perseroan.




2023 ANNUAL REPORT                                                                  P T E R A J AYA S WA S E M B A D A T B K         223
Page 226
              tata k e l o l a p e r u s a h a a n




      PENERAPAN TATA KELOLA
      PERUSAHAAN TERBUKA
      CORPORATE GOVERNANCE IMPLEMENTATION OF PUBLIC
      COMPANIES

      Sesuai dengan Peraturan Jasa Keuangan (POJK) Nomor 21/                       Pursuant to OJK Regulation Number 21/POJK.04/2015
      POJK.04/2015 tentang Penerapan Pedoman Tata Kelola                           concerning the Implementation of Corporate Governance
      Perusahaan Terbuka dan Surat Edaran Otoritas Jasa Keuangan                   in Listed Companies and OJK Circular Letter Number 32/
      (SEOJK) Nomor 32/SEOJK.04/2015 tentang Pedoman Tata                          SEOJK.04/2015 concerning Corporate Governance Guidelines
      Kelola Perusahaan Terbuka, dalam penerapan 5 (lima) aspek,                   for Listed Companies, the implementation of 5 (five) aspects,
      8 (delapan) prinsip tata kelola perusahaan yang baik serta                   8 (eight) principles of good corporate governance, and
      25 (dua puluh lima) rekomendasi yang disampaikan oleh                        25 (twenty-five) recommendations are required by OJK.
      OJK, penerapan aspek dan prinsip tata kelola perusahaan                      The Company hereby submits its responses regarding
      yang baik berdasarkan pendekatan “comply or explain” oleh                    the implementation of the aspects and principles of good
      Perseroan adalah sebagai berikut:                                            corporate governance based on “comply or explain” approach
                                                                                   as follows:


                Aspek                       Prinsip                      Rekomendasi                                     Pelaksanaan
                Aspects                    Principles                  Recommendations                                 Implementations


       A.     Hubungan              Prinsip 1:              1.1. Perusahaan terbuka memiliki cara      Perseroan telah memiliki mekanisme dan prosedur
              perusahaan            Meningkatkan nilai           atau prosedur teknis pengumpulan      pengambilan keputusan melalui pengumpulan
              terbuka dengan        penyelenggaraan Rapat        suara (voting) baik secara            suara (voting) yaitu pemegang saham mengangkat
              pemegang              Umum Pemegang                terbuka maupun tertutup yang          tangan sesuai dengan pilihan yang ditawarkan
              saham dalam           Saham (RUPS).                mengedepankan independensi, dan       oleh Pimpinan RUPS, dengan mengedepankan
              menjamin hak-hak                                   kepentingan pemegang saham.           independensi dan kepentingan pemegang saham
              pemegang saham.                                                                          sebagaimana dituangkan dalam Tata Tertib RUPS
                                                                                                       yang dibacakan dalam RUPS dan dibagikan kepada
                                                                                                       pemegang saham yang hadir.

       A.     Relationship          1st Principle           1.1. Public company has the options        The Company has a decision-making mechanism
              between public        Increase the value of        or technical procedures of opened     and procedure, which is through a voting where
              companies and         General Meeting of           and closed voting, observing          shareholders raise their hands for approval on the
              shareholders in       Shareholders (GMS).          independency and the interests of     available option introduced by the Chairman of
              assuring the rights                                shareholders.                         GMS, in a manner that upholds independence and
              of shareholders.                                                                         prioritize the shareholders’ interests, as covered
                                                                                                       in the rules of GMS, announced in the GMS, and
                                                                                                       distributed to the shareholders.

                                                            1.2. Seluruh anggota Direksi dan           Seluruh anggota Direksi Dewan Komisaris hadir
                                                                 anggota Dewan Komisaris               dalam RUPS Tahunan tanggal 30 Juni 2023.
                                                                 perusahaan terbuka hadir dalam
                                                                 RUPS Tahunan.

                                                            1.2. All members of the Board of           All members of the BOD and the BOC attended the
                                                                 Commissioners (BOC) and the Board     Annual GMS on 30 June 2023.
                                                                 of Dirctors (BOD) of public company
                                                                 attend the Annual GMS.




224         P T E R A J AYA S WA S E M B A D A T B K                                                                     L A P O R A N TA H U N A N 2 0 2 3
Page 227
                                                                                                     corporate governance




          Aspek                    Prinsip                        Rekomendasi                                         Pelaksanaan
          Aspects                 Principles                    Recommendations                                     Implementations


                                                    1.3. Ringkasan risalah RUPS tersedia          Untuk    memenuhi       ketentuan       dalam     POJK
                                                         dalam situs web perusahaan               No. 32/POJK.04/2014 tentang Rencana dan
                                                         terbuka paling sedikit selama 1          Penyelenggaraan Rapat Umum Pemegang Saham
                                                         (satu) tahun.                            Perusahaan Terbuka, Ringkasan Risalah RUPS
                                                                                                  Perseroan tersedia dalam situs web Perseroan,
                                                                                                  dalam bahasa Indonesia dan bahasa Inggris, selama
                                                                                                  2 tahun terakhir. Informasi ini bisa diakses di https://
                                                                                                  www.erajaya.com/general-meetings.

                                                                                                  Selain di situs web Perseroan, ringkasan risalah
                                                                                                  RUPS juga dipublikasikan melalui 1 surat kabar
                                                                                                  harian berbahasa Indonesia berperedaran nasional,
                                                                                                  dan di situs web Bursa Efek Indonesia (BEI).

                                                    1.3. GMS minutes available on the             To comply with the provisions specified in OJK
                                                         website of a public company for at       Regulation No. 32/POJK.04/2014 concerning
                                                         least 1 (one) year.                      Planning and Implementing GMS of Public
                                                                                                  Companies, minutes of GMS is available at
                                                                                                  Company’s website, both in Indonesian and English
                                                                                                  versions. This link is at https://www.erajaya.com/
                                                                                                  general-meetings.

                                                                                                  Besides the Company’s website, the minutes
                                                                                                  of GMS is also published in 1 Indonesian daily
                                                                                                  newspaper with national coverage and on the
                                                                                                  website of the Indonesia Stock Exchange (IDX).

                            Prinsip 2:              1.1. Perusahaan terbuka memiliki suatu        Perseroan telah mempunyai kebijakan komunikasi
                            Meningkatkan kualitas        kebijakan komunikasi dengan              dengan pemegang saham dan investor. Sekretaris
                            komunikasi perusahaan        pemegang saham atau investor.            Perusahaan dan Investor Relations membina
                            terbuka dengan                                                        hubungan dan komunikasi dengan pemegang
                            pemegang saham atau                                                   saham dan investor. Komunikasi itu antara lain
                            investor.                                                             melalui RUPS, paparan publik, situs web Perseroan,
                                                                                                  siaran pers, laporan tahunan, e-mail, pertemuan
                                                                                                  langsung maupun komunikasi melalui telepon.

                            2nd Principles:         1.1. Public company has communications        The Company has established a communication
                            Enhancing quality            policy concerning its interaction with   policy with the shareholders and investors. The
                            of communications            shareholders or investors.               Corporate Secretary and Investor Relations are
                            between the public                                                    in charge of maintaining the relationship and
                            companies with                                                        communications with the shareholders or investors.
                            shareholders or                                                       The Communications are made through GMS, public
                            investors.                                                            expose, website, press releases, annual report,
                                                                                                  e-mail, meetings as well as telephone calls.

                                                    1.2. Perusahaan terbuka                       Kebijakan komunikasi dengan pemegang saham
                                                         mengungkapkan kebijakan                  dan investor telah diungkapkan dalam situs web
                                                         komunikasi perusahaan terbuka            Perseroan di https://www.erajaya.com/
                                                         dengan pemegang saham atau               corporate-governances.
                                                         investor dalam situs web.

                                                    1.2. Public company discloses its             The communication policy with the shareholders
                                                         communications policy with               and investors is disclosed in the Company’s website
                                                         shareholders or investors via            at https://www.erajaya.com/
                                                         website.                                 Corporategovernances.

   B.   Fungsi dan peran    Prinsip 3:              1.1. Penentuan jumlah anggota Dewan           Penentuan jumlah anggota Dewan Komisaris
        Dewan Komisaris.    Memperkuat                   Komisaris mempertimbangkan               Perseroan telah mempertimbangkan kondisi
                            keanggotaan dan              kondisi perusahaan terbuka.              dan kapasitas Perseroan, ketentuan di Peraturan
                            komposisi Dewan                                                       OJK No. 33/POJK.04/2014 tentang Direksi dan
                            Komisaris.                                                            Dewan Komisaris Emiten atau Perusahaan Publik,
                                                                                                  peraturan terkait lainnya termasuk Peraturan Bursa
                                                                                                  Efek Indonesia, Anggaran Dasar Perseroan serta
                                                                                                  Pedoman Kerja Dewan Komisaris.

   B.   Function and role   3rd Principle:          1.1. The determination of number of           The composition of the Board of Commissioners
        of the BoC          Strengthen the BoC           the BoC members considers the            has been determined according to the Company’s
                            membership and               condition of public company.             condition and capacity, provisions specified in OJK
                            composition.                                                          Regulation No. 33/POJK.04/2014 concerning the
                                                                                                  Board of Directors and the Board of Commissioners
                                                                                                  of Issuers or Public Companies, as well
                                                                                                  as other related regulations, including IDX
                                                                                                  Regulations, the Company’s Articles of Association,
                                                                                                  and the Board of Commissioners’ Charter.




2023 ANNUAL REPORT                                                                                 P T E R A J AYA S WA S E M B A D A T B K                  225
Page 228
             tata k e l o l a p e r u s a h a a n




               Aspek                    Prinsip                      Rekomendasi                                       Pelaksanaan
               Aspects                 Principles                  Recommendations                                   Implementations


                                                        1.2. Penentuan komposisi anggota            Perseroan memiliki anggota Dewan Komisaris
                                                             Dewan Komisaris memperhatikan          dengan beragam pengalaman dan keahlian
                                                             keberagaman keahlian, pengetahuan      sebagaimana tercantum dalam profil dan tabel
                                                             dan pengalaman yang dibutuhkan.        keberagaman komposisi Dewan Komisaris pada
                                                                                                    Laporan Tahunan Perseroan.

                                                        1.2. The BOC composition considers          Members of the Company’s Board of Commissioners
                                                             diversity of skills and knowledge.     possess diverse experiences and expertise, as seen
                                                                                                    in the BOC profile and composition in the Company’s
                                                                                                    Annual Report.

                                Prinsip 4:              1.1. Dewan Komisaris mempunyai              Pelaksanaan Penilaian Kinerja Dewan Komisaris
                                Meningkatkan kualitas        kebijakan penilaian sendiri (self      secara kolegial
                                pelaksanaan tugas dan        assessment) untuk menilai kinerja      dilakukan secara self-assessment oleh masing-
                                tanggung jawab Dewan         Dewan Komisaris.                       masing anggota
                                Komisaris.                                                          Dewan Komisaris setiap tahun.

                                4th Principle:          1.1. The BOC has self-assessment policy     The Performance of the BOC is evaluated through
                                Enhance the quality          to measure the board’s performance.    a peer and self-assessment by each member of the
                                of the BoC duties                                                   BOC every year.
                                and responsibilities
                                performance.

                                                        1.2. Kebijakan penilaian sendiri (self      Perseroan    telah    mengungkapkan     kebijakan
                                                             assessment) untuk menilai kinerja      penilaian sendiri (self-assessment) untuk menilai
                                                             Dewan Komisaris, diungkapan            kinerja Dewan Komisaris dalam Laporan Tahunan
                                                             melalui laporan tahunan perusahaan     Perseroan.
                                                             terbuka.


                                                        1.2. Self-assessment policy to appraise     The Company has disclosed selfassessment policy
                                                             the BOC performance is disclosed       to evaluate the BOC performance in the Company’s
                                                             in the annual report of a public       Annual Report.
                                                             company.

                                                        1.3. Dewan Komisaris mempunyai              Pasal 18 ayat 16 Anggaran Dasar Perseroan
                                                             kebijakan terkait pengunduran diri     mengatur mengenai pengunduran diri anggota
                                                             anggota Dewan Komisaris apabila        Dewan Komisaris.
                                                             terlibat dalam kejahatan keuangan.

                                                        1.3. The BOC has the policy concerning      Article 18 point 16 of the Company’s Articles of
                                                             members’ resignation in the event      Association regulates the resignation of members
                                                             that a member is involved in           of the BOC in such case.
                                                             financial crimes.

                                                        1.4. Dewan Komisaris atau Komite yang       Kebijakan suksesi anggota Direksi digunakan untuk
                                                             menjalankan fungsi nominasi dan        menjaga kesinambungan kepemimpinan di masa
                                                             remunerasi menyusun kebijakan          mendatang. Pelaksanaan suksesi dilakukan melalui
                                                             suksesi dalam proses nominasi          identifikasi terhadap pejabat-pejabat eksekutif yang
                                                             anggota Direksi.                       memiliki potensi yang dijalankan melalui proses
                                                                                                    talent management. Calon yang potensial akan
                                                                                                    diajukan melalui Dewan Komisaris.

                                                        1.4. The BOC or committee that              The Succession Policy of members of the BOD is
                                                             exercises the nomination and           employed as a strategy in ensuring succession of
                                                             remuneration function develop          leadership in the future. The succession process is
                                                             succession policy in the process of    carried out by identifying the potential executives
                                                             the member of BOD nomination.          through the talent management process. The
                                                                                                    potential candidates are then proposed through the
                                                                                                    BOC.

      C.     Fungsi dan peran   Prinsip 5:              1.1. Penentuan jumlah anggota Direksi       Penentuan jumlah anggota Direksi Perseroan
             Direksi.           Memperkuat                   mempertimbangkan kondisi               telah mempertimbangkan kondisi dan kapasitas
                                keanggotaan dan              perusahaan terbuka serta efektivitas   Perseroan, ketentuan di Peraturan OJK No.33/
                                komposisi Direksi.           dalam pengambilan keputusan.           POJK.04/2014 tentang Direksi dan Dewan Komisaris
                                                                                                    Emiten atau Perusahaan Publik, peraturan terkait
                                                                                                    lainnya termasuk Peraturan BEI, Anggaran Dasar
                                                                                                    Perseroan dan Pedoman dan Tata Tertib Kerja
                                                                                                    Direksi

      C.     BoD function and   5th Principle:          1.1. In identifying number of the           The composition of the BOD has been determined
             role.              Strengthen the BoD           directors, public company considers    according to the Company’s condition and capacity,
                                membership and               its condition and decision-making      provisions specified in OJK Regulation No. 33/
                                composition.                 effectiveness.                         POJK.04/2014 concerning the Board of Directors
                                                                                                    and the Board of Commissioners of Issuers or Public
                                                                                                    Companies, as well as other related regulations
                                                                                                    including IDX Regulation, the Company’s Articles
                                                                                                    of Association and the Board of Directors’ Charter.




226        P T E R A J AYA S WA S E M B A D A T B K                                                                    L A P O R A N TA H U N A N 2 0 2 3
Page 229
                                                                                          corporate governance




       Aspek             Prinsip                        Rekomendasi                                        Pelaksanaan
       Aspects          Principles                    Recommendations                                    Implementations


                                           1.2. Penentuan komposisi anggota            Perseoran memiliki anggota Direksi dengan beragam
                                                Direksi memperhatikan,                 pengalaman dan keahlian sebagaimana tercantum
                                                keberagaman, keahlian,                 dalam profil Direksi dan tabel keberagaman
                                                pengetahuan, dan pengalaman yang       komposisi Direksi pada Laporan Tahunan Perseroan.
                                                dibutuhkan.

                                           1.2. The BoD composition reflects           Members of the Company’s BOD possess diverse
                                                necessary diversity of skills,         experiences and expertise, as seen in the BOD
                                                knowledge, and experience.             profile and composition in the Company’s Annual
                                                                                       Report.

                                           1.3. Anggota Direksi yang membawahi         Penetapan anggota Direksi yang membawahi
                                                bidang akuntansi atau keuangan         bidang akuntansi atau
                                                memiliki keahlian dan/atau             keuangan dilakukan dengan mempertimbangkan
                                                pengetahuan di bidang akuntansi.       keahlian dan/atau pengetahuan di bidang akuntansi.

                                                                                       Profil anggota Direksi yang membawahi bidang
                                                                                       akuntansi atau keuangan tertera pada Laporan
                                                                                       Tahunan Perseroan.

                                           1.3. The member of the BOD responsible      Determination of the BOD member who supervises
                                                for accounting or finance have         the Accounting or Finance sector holds expertise
                                                relevant expertise and knowledge.      and/or knowledge in Accounting. Profile of the
                                                                                       member of BOD who supervises accounting or
                                                                                       finance is
                                                                                       presented on the Company’s annual report.

                 Prinsip 6:                1.1. Direksi mempunyai kebijakan            Kebijakan penilaian sendiri (self-assessment)
                 Meningkatkan kualitas          penilaian sendiri (self assessment)    Direksi merupakan suatu pedoman yang digunakan
                 pelaksanaan tugas dan          untuk menilai kinerja Direksi.         untuk penilaian kinerja Direksi secara kolegial. Self-
                 tanggung Jawab Direksi.                                               assessment dilakukan oleh masing-masing anggota
                                                                                       Direksi berdasarkan Key Performance Indicator yang
                                                                                       sudah ditetapkan di awal tahun. Hasil penilaian
                                                                                       self-assessment disampaikan oleh Direktur Utama
                                                                                       ke Dewan Komisaris.

                 6th Principle:            1.1. The BOD has self assessment policy     The BOD self-assessment policy offers guideline to
                 Enhance the quality            to measure BOD performance.            carry out peer performance evaluation of the BOD.
                 of the BoD duties                                                     The self-assessment is carried out by each member
                 and responsibilities                                                  of the BOD based on a set of Key Performance
                 performance.                                                          Indicators that have been established at the
                                                                                       beginning of the year. The self-assessment results
                                                                                       are submitted by the President Director to the BOC.

                                           1.2. Kebijakan penilaian sendiri (self      Perseroan     telah    mengungkapkan    kebijakan
                                                assessment) untuk menilai kinerja      penilaian sendiri (self assessment) untuk menilai
                                                Direksi diungkapkan melalui laporan    kinerja Direksi dalam Laporan Tahunan Perseroan.
                                                tahunan perusahaan terbuka.

                                           1.2. Self-assessment policy to appraise     The Company has disclosed its selfassessment
                                                the BOD performance is disclosed in    policy to evaluate the performance of the BOD in
                                                annual report of the public company.   its Annual Report.

                                           1.3. Direksi mempunyai kebijakan terkait    Anggaran Dasar Perseroan mengatur mengenai
                                                pengunduran diri anggota Direksi       pengunduran diri anggota Direksi, dan Pedoman
                                                apabila terlibat dalam kejahatan       Kerja Direksi mengatur anggota Direksi sewaktu-
                                                keuangan.                              waktu dapat diberhentikan untuk sementara waktu
                                                                                       oleh Dewan Komisaris yang harus ditindaklanjuti
                                                                                       dengan RUPS.

                                           1.3. The BOD have a policy concerning       Company’s Articles of Association governs the
                                                member resignation in the event        resignation of members of the BOD and the Board
                                                that a member is involved in           of Directors Charter govern members of the BOD at
                                                financial crimes.                      any time can be temporarily dismissed by the BOC
                                                                                       which must be followed up by GMS.




2023 ANNUAL REPORT                                                                      P T E R A J AYA S WA S E M B A D A T B K                227
Page 230
             tata k e l o l a p e r u s a h a a n




               Aspek                   Prinsip                          Rekomendasi                                            Pelaksanaan
               Aspects                Principles                      Recommendations                                        Implementations


      D.     Partisipasi        Prinsip 7:               1.1. Perusahaan terbuka memiliki                  Dalam Kode Etik Perseroan, terdapat larangan
             pemangku           Meningkatkan aspek            kebijakan untuk mencegah                     insider trading yang melarang Dewan Komisaris,
             kepentingan.       tata kelola perusahaan        terjadinya insider trading.                  Direksi, dan karyawan serta pihak-pihak yang
                                melalui partisipasi                                                        memiliki hubungan erat dengan mereka untuk
                                pemangku kepentingan.                                                      melakukan perdagangan saham atau efek lain
                                                                                                           berdasarkan informasi dari dalam Perseroan yang
                                                                                                           belum dipublikasikan.

      D.     Stakeholders’      7th Principle:           1.1. Public company has in place the              The Code of Conduct already stipulates provisions
             participation      Enhance corporate             policy to prevent insider tradings.          on insider trading that specifically prohibit the BOC,
                                governance through                                                         the BOD, and employees as well as other affiliated
                                stakeholders’                                                              parties to trade stock or other securities based on
                                participation.                                                             the Company’s internal information that has not
                                                                                                           been publicly disclosed.

                                                         1.2. Perusahaan terbuka memiliki                  Perseroan telah memiliki kebijakan Antikorupsi yang
                                                              kebijakan antikorupsi dan antifraud.         diungkapkan
                                                                                                           dalam Pedoman Perilaku Perseroan.

                                                         1.2. Public company has in place the              The Company has an Anti-Corruption Policy that is
                                                              anti-corruption and anti-fraud               disclosed in the Company’s Code of Conducts.
                                                              policies.

                                                         1.3. Perusahaan terbuka memiliki                  Perseroan memiliki dan menerapkan kebijakan
                                                              kebijakan tentang seleksi dan                Proses Pengadaan Barang dan Jasa serta proses
                                                              peningkatan kemampuan pemasok                seleksi dan peningkatan kompetensi para pemasok
                                                              atau vendor.                                 seperti tertuang dalam Standard Operating
                                                                                                           Procedure (SOP). Seleksi
                                                                                                           pemasok tersebut meliputi penilaian kemampuan,
                                                                                                           keuangan, legalitas perusahaan, kualitas produk
                                                                                                           barang/jasa yang dihasilkan, ketepatan proses
                                                                                                           delivery, dan rekam jejak pemasok.

                                                         1.3. Public company has in place the              The Company has established and implemented a
                                                              policy on suppliers or vendors               Product and Service Procurement policy as well as
                                                              selection and capability.                    a supplier selection and competency development
                                                                                                           policy as disclosed in the Standard Operating
                                                                                                           Procedure (SOP). The vendor selection process
                                                                                                           includes assessment on the supplier’s capability,
                                                                                                           finance, legality, quality of produced goods/services,
                                                                                                           on-time delivery process and track record.

                                                         1.4. Perusahaan terbuka memiliki                  Perseroan menjaga hubungan baik yang saling
                                                              kebijakan untuk pemenuhan hak-hak            menguntungkan dengan kreditur. Perseroan selalu
                                                              kreditur.                                    berupaya untuk memenuhi hak-hak kreditur seperti
                                                                                                           yang tertuang dalam Perjanjian Kerja Sama, di
                                                                                                           antaranya Perseroan memastikan bahwa seluruh
                                                                                                           persyaratan dalam perjanjian pinjaman terpenuhi,
                                                                                                           sehingga kepercayaan kreditur terhadap perseroan
                                                                                                           tetap terjaga dengan baik.

                                                         1.4. Public company has in place the              The Company maintains a good and mutually
                                                              policy to fulfill the rights of creditors.   beneficially relationship with its creditors. The
                                                                                                           Company strives to fulfill the rights of the creditors
                                                                                                           as disclosed in the Contract/MoU, including by
                                                                                                           ensuring that all loan requirements are fulfilled, in
                                                                                                           order to maintain trust from the creditor.

                                                         1.5. Perusahaan terbuka memiliki                  Perseroan     memiliki  kebijakan  Sistem
                                                              kebijakan Sistem Whistleblowing.             Whistleblowing yang diungkapkan di dalam
                                                                                                           Laporan Tahunan.

                                                         1.5. Public company has in place the              The Company has a Whistleblowing System Policy
                                                              Whistleblowing System Policy.                as disclosed in the Company’s Annual Report.

                                                         1.6. Perusahaan terbuka memiliki                  Perseroan memiliki insentif bagi Manajemen dan
                                                              kebijakan pemberian insentif                 karyawan dalam Program Kepemilikan Saham
                                                              jangka panjang kepada Direksi dan            Manajemen dan Karyawan.
                                                              karyawan.

                                                         1.6. Public company has in place the              The Company offers an incentive to the Management
                                                              policy of longterm incentives for the        and employees through Management and Employee
                                                              directors and employees.                     Stock Option Program.




228        P T E R A J AYA S WA S E M B A D A T B K                                                                            L A P O R A N TA H U N A N 2 0 2 3
Page 231
                                                                                                 corporate governance




           Aspek                Prinsip                        Rekomendasi                                       Pelaksanaan
           Aspects             Principles                    Recommendations                                   Implementations


   E.    Keterbukaan    Prinsip 8:               1.1. Perusahaan terbuka memanfaatkan         Selain situs web, Perseroan juga memanfaatkan
         informasi.     Meningkatkan                  penggunaan teknologi informasi          teknologi informasi secara lebih luas dalam
                        pelaksanaan                   secara lebih luas selain situs          penyebaran informasi, termasuk situs web Bursa
                        keterbukaan informasi.        web sebagai media keterbukaan           Efek Indonesia, dan
                                                      informasi.                              media sosial.

    E.   Information    8th Principle:           1.1. Public company utilises range of        In addition to its official website, the Company also
         tranparency.   Enhance information           information technology platforms        makes a broader use of information technology to
                        disclosure                    other than website as channels of       expand the information dissemination, including
                        implementation.               information disclosure.                 through IDX website and the social media.

                                                 1.2. Laporan tahunan perusahaan              Perseroan     telah   mengungkapkan     informasi
                                                      terbuka mengungkapkan pemilik           mengenai pemegang saham yang memiliki 5% (lima
                                                      manfaat akhir dalam kepemilikan         persen) atau lebih kepemilikan saham Perseroan
                                                      saham perusahaan terbuka paling         di Laporan Tahunan dan situs web Perseroan.
                                                      sedikit 5% (lima persen), selain        Selain itu, Perseroan juga menyampaikan Laporan
                                                      pengungkapan pemilik manfaat            Registrasi Pemegang Efek mengenai kepemilikan
                                                      akhir dalam kepemilikan saham           saham Perseroan setiap bulan melalui SPE OJK dan
                                                      perusahaan terbuka melalui              IDXnet.
                                                      pemegang saham utama dan
                                                      pengendali.

                                                 1.2. Annual report of public company         The Company has disclosed information on its
                                                      discloses the ultimate beneficiaries    shareholders with 5% or more ownership in the
                                                      of at least 5% shareholding in the      Company in the Company’s Annual Report and
                                                      public company, in addition to the      website. In addition, the Company also submits the
                                                      disclosures of ultimate beneficiaries   Securities Holders Registration Report concerning
                                                      of shareholding in a public company     the shares ownership of the Company every month
                                                      through majority and controlling        through SPE OJK and IDXnet.
                                                      shareholders.




2023 ANNUAL REPORT                                                                             P T E R A J AYA S WA S E M B A D A T B K               229
Page 232

          
Page 233
06
TANGGUNG JAWAB
SOSIAL &
LINGKUNGAN
CO RP O R ATE SO CIA L
RE S P O N SIB ILITY



P T E R A J AYA S WA S E M B A D A T B K   L A P O R A N TA H U N A N 2 0 2 3
Page 234
        ta n g g u n g j awa b s o s i a l & l i n g ku n g a n




232   P T E R A J AYA S WA S E M B A D A T B K                    L A P O R A N TA H U N A N 2 0 2 3
Page 235
                                                   social & environmental responsibility




                     TENTANG LAPORAN
                     KEBERLANJUTAN
                     ABOUT SUSTAINABILITY REPORT




                     Informasi di bagian tanggung jawab sosial
                     perusahaan (“CSR”) ini merupakan Laporan
                     Keberlanjutan sebagaimana diatur dalam
                     POJK 51/2017. Melalui Laporan Keberlanjutan,
                     kami ingin melaporkan kepada para pemangku
                     kepentingan kami mengenai kinerja PT Erajaya
                     Swasembada Tbk (“Erajaya” atau “kami”) dalam
                     aspek ekonomi, lingkungan, dan sosial termasuk
                     inisiatif kami mengelola dampak operasi Erajaya
                     terhadap masyarakat dan lingkungan sekitar.
                     Laporan ini juga menyajikan Informasi terkait
                     kontribusi Erajaya terhadap pencapaian Tujuan
                     Pembangunan Berkelanjutan (SDG).

                     The information in the corporate social responsibility (“CSR”) section
                     is a Sustainability Report as regulated in POJK 51/2017. Through this
                     Sustainability Report, we would like to report to our stakeholders
                     regarding the performance of PT Erajaya Swasembada Tbk (“Erajaya”
                     or “we”) in economic, environmental, and social aspects, including
                     our initiatives to manage the impact of Erajaya’s operations on the
                     community and surrounding environment. This report also provides
                     information regarding Erajaya’s contribution to achieving the
                     Sustainable Development Goals (SDGs).




2023 ANNUAL REPORT                                               P T E R A J AYA S WA S E M B A D A T B K   233
Page 236
            ta n g g u n g j awa b s o s i a l & l i n g ku n g a n




         IKHTISAR KINERJA
         KEBERLANJUTAN
          SUSTAINABILITY PERFORMANCE HIGHLIGHTS




                             KINERJA EKONOMI [POJK B.1]
                             Economic Performance




      Kami terus
                                                                Rp
                                                                         60.139,41                                              miliar
                                                                                                                                billion



      berinovasi dalam
      memberikan                                                Penjualan neto tahun 2023, naik 21,6%
      pelayanan terbaik                                         dibandingkan Rp49.471,48 miliar pada tahun 2022,

      bagi pelanggan                                            Net sales in 2022, increased by 21.6%
                                                                compared to Rp49,471.48 billion in 2022.
      untuk meningkatkan
      nilai bagi pemegang                                                                                      (Dalam Rp juta | In Rp million)

      saham kami.                                                       Uraian
                                                                                                  2023           2022              2021
                                                                      Description

      We continue to innovate in providing          Penjualan Neto | Net Sales                   60.139.406    49.471.484        43.466.977
      the best service for customers to
      increase value for our shareholders.          Laba Bruto | Gross Profit                     6.447.769      5.361.544         4.805.887

                                                    Laba Tahun Berjalan | Income for the Year       856.861      1.076.555         1.117.917

                                                    Jumlah Aset | Total Assets                   20.447.452    17.058.218        11.372.225

                                                    Jumlah Kewajiban | Total Liabilities         12.316.678      9.855.355         4.909.863




234      P T E R A J AYA S WA S E M B A D A T B K                                                             L A P O R A N TA H U N A N 2 0 2 3
Page 237
                                                                                   social & environmental responsibility




                     KINERJA LINGKUNGAN [POJK B.2]
                     Environmental Performance




6.052                                    gigajoule
                                         Gjoule                                                                    Kami berkomitmen
                                                                                                                   untuk semaksimal
Konsumsi listrik di Kantor Pusat tahun 2023, naik                                                                  mungkin mengurangi
8,9% dibandingkan 5.559 gigajoule pada tahun 2022                                                                  dampak operasional
Electricity consumption at Head Office in 2023, increased
by 8.9% compared to 5.559 gigajoule in 2022
                                                                                                                   terhadap lingkungan
                                                                                                                   melalui penggunaan
             Uraian                 Satuan                                                                         energi, air, dan
                                                         2023               2022              2021
                                                                                                                   material yang efisien.
           Description               Unit


 Penggunaan energi listrik           Kwh                 1.468.572          1.377.476         1.539.756
 Electricity usage
                                   Gigajoules                5.874             5.510              6.159            We are committed to reducing
                                                                                                                   the impact of operations on the
 Penggunaan air                   meter kubik               25.519            20.376             17.658
                                                                                                                   environment through the efficent
 Water usage                      meter cubic
                                                                                                                   use of energy, water, and materials.
 Penggunaan kertas                    rim                       644            2.204              1.172
 Paper usage                         ream

 Pemakaian BBM (bensin)               liter                  5.400             1.484              1.720
 Fuel Consumption (gasoline)




                     KINERJA SOSIAL [POJK B.3]
                     Social Performance



Kami percaya, program
pemberdayaan
masyarakat yang
kami lakukan, bila
direncanakan dan
                                                   1.135                            modul
                                                                                    modul             11.881                                  pese r ta
                                                                                                                                              Participant



dikelola dengan
baik, terarah dan                                  Jumlah modul pelatihan                             Jumlah peserta
tepat sasaran, akan                                tahun 2023                                         pelatihan tahun 2023

menghasilkan manfaat
                                                   The total training modul                           The total training
                                                   in 2023                                            participant in 2023
berkelanjutan dan
dampak berganda
bagi kesejahteraan                                          Uraian                      Satuan
                                                                                                            2023              2022           2021
masyarakat.
                                                          Description                    Unit


                                                Jumlah karyawan                         Orang                   5.675            5.078           3.451
We believe that our community                   Number of employees                     Person
empowerment programs if planned and
                                                Jumlah karyawan perempuan               Orang                   2.151            1.631           1.056
managed properly, effectively, and on
                                                Number of female employees              Person
target, will produce sustainable benefits
and multiple impacts on the welfare of          Penyaluran dana CSR                      Rp               839.403.686      469.500.000     685.954.136
                                                Distribution of CSR funds
the community.



2023 ANNUAL REPORT                                                                                    P T E R A J AYA S WA S E M B A D A T B K              235
Page 238
            ta n g g u n g j awa b s o s i a l & l i n g ku n g a n




      TENTANG
      LAPORAN INI
      ABOUT THIS REPORT

      Laporan Keberlanjutan ini diterbitkan untuk memenuhi ketentuan     This Sustainability Report is published to comply with the
      Surat Edaran Otoritas Jasa Keuangan Nomor 16/SEOJK.04/2021         provisions of the Financial Services Authority Circular Letter No.
      (SEOJK 16/2021) dan disusun berpedoman pada Peraturan              16/SEOJK.04/2021 (SEOJK 16/2021), which has been prepared
      Otoritas Jasa Keuangan Nomor 51/POJK.03/2017 (POJK                 based on the Financial Services Authority Regulation No. 51/
      51/2017).                                                          POJK.03/2017 (POJK 51/2017).

      Karena Laporan ini disajikan dalam satu kesatuan dengan            Since this Report is published as an inseparable part of the
      buku Laporan Tahunan, maka pengungkapan informasi yang             Company’s Annual Report, we do not disclose the information
      disyaratkan dalam POJK 51/2017 tetapi sudah tersedia pada          that is required in POJK 51/2017 but already disclosed in the
      bagian Laporan Tahunan tidak disajikan ulang. Kami melampirkan     sections of the Annual Report. We attach the POJK 51/2017
      halaman indeks POJK 51/2017 di bagian akhir Laporan ini yang       index page at the end of this Report, which guides readers on
      mengarahkan dimana informasi tersebut dapat ditemukan di           where to find the referred information in the sections of the
      bagian Laporan Tahunan.                                            Annual Report..




      Erajaya berupaya menciptakan pertumbuhan ekonomi
      berkelanjutan dengan senantiasa mengarahkan kegiatan
      operasional Erajaya sebagai kegiatan berkelanjutan
      (sustainable operation) yang dijalankan dengan
      memperhatikan aspek ekonomi, lingkungan hidup, dan
      sosial. Kami memahami bahwa bisnis berkelanjutan tidak
      hanya semata bertujuan untuk meraih keuntungan finansial
      sebesar-besarnya, tetapi juga harus ikut bertanggung jawab
      menjaga kelestarian lingkungan hidup dan menunjukkan
      kepedulian pada isu-isu sosial.

      Erajaya strives to create sustainable economic growth by always directing Erajaya’s operational
      activities as sustainable operations, which are carried out by paying attention to economic,
      environmental, and social aspects. We understand that sustainable business does not only
      aim to achieve maximum financial profits, but also must take responsibility for preserving the
      environment and showing concern for social issues.


      Topik-topik keberlanjutan yang diangkat dalam laporan ini adalah   The sustainability topics raised in this report are issues affecting
      isu-isu yang berpengaruh bagi Erajaya dan para Pemangku            Erajaya and its stakeholders in terms of economic, social, and
      Kepentingan yang terkait dengan aspek ekonomi, sosial, dan         environmental aspects, as well as those of important concern
      lingkungan serta menjadi perhatian penting bagi pemangku           for stakeholders in decision-making. In addition, we continuously
      kepentingan dalam pengambilan keputusan. Di samping itu,           strive to improve our capabilities so that we can measure
      kami juga terus berupaya meningkatkan kapabilitas agar dapat       the impact of operational activities on the environment and
      melakukan pengukuran atas dampak kegiatan operasional              surrounding communities.
      terhadap lingkungan dan masyarakat sekitar.



236      P T E R A J AYA S WA S E M B A D A T B K                                                             L A P O R A N TA H U N A N 2 0 2 3
Page 239
                                                                         social & environmental responsibility




  Tidak terdapat perubahan signifikan pada bentuk ataupun               There were no significant changes to the form or scale of the
  skala bisnis Erajaya pada tahun 2023 dibandingkan tahun               Erajaya business in 2023 compared to the previous year. [POJK C.6]
  sebelumnya. [POJK C.6]

  Kami belum melakukan proses penjaminan oleh pihak eksternal           We have not appointed any external parties to ensure the
  atas Laporan ini. Untuk menjamin kredibilitas dan kualitas            accuracy of this report. To ensure the credibility and quality
  informasi yang disampaikan, seluruh isi dan data di dalam             of the information disclosed here, all contents and data in this
  Laporan ini telah melalui proses verifikasi internal yang disetujui   report have been internally verified and approved by Erajaya’s
  oleh Manajemen Erajaya. [POJK G.1]                                    Management. [POJK G.1]

  Seluruh informasi yang disajikan dalam laporan ini merupakan          All information presented in this report represents the
  kinerja keberlanjutan PT Erajaya Swasembada Tbk untuk periode         sustainability performance of PT Erajaya Swasembada Tbk for
  1 Januari - 31 Desember 2023.                                         the period of 1 January – 31 December 2023.

  Data dan informasi keuangan bersumber pada Laporan Keuangan           Financial data and information are sourced from the Consolidated
  Konsolidasian PT Erajaya Swasembada Tbk dan Entitas Anak              Financial Report of PT Erajaya Swasembada Tbk and Entitas Anak
  untuk tahun yang berakhir pada tanggal 31 Desember 2023.              for the year ended 31 December 2023. Meanwhile, data relating
  Sedangkan data yang berkaitan dengan aspek sosial dan/atau            to social and/or environmental aspects, apart from activities
  lingkungan, selain dari aktivitas di lingkungan Kantor Pusat          within the Company’s Head Office located at Erajaya Plaza, Jl.
  Perseroan yang beralamat di Erajaya Plaza, Jl. Bandengan              Bandengan Utara No. 19-20 Pekojan – Tambora, West Jakarta,
  Selatan No. 19-20 Pekojan – Tambora, Jakarta Barat, kami              we also report on the progress of our sustainable programs in the
  juga melaporkan kemajuan program-program berkelanjutan                community development and environmental management sectors,
  kami di bidang pengembangan masyarakat dan pengelolaan                which also aim to support the achievement of the Sustainable
  lingkungan yang juga bertujuan untuk mendukung pencapaian             Development Goals (SDGs).
  Tujuan Pembangunan Berkelanjutan (SDG).

  Kami menyadari sepenuhnya bahwa Laporan Keberlanjutan                 We are fully aware that this Sustainability Report has limitations
  ini memiliki keterbatasan dalam proses penyusunan dan                 in the preparation and presentation processes. Therefore, we are
  penyajiannya. Oleh karena itu, kami bersikap terbuka atas             open to any constructive suggestions/ input/ feedback provided by
  setiap saran/ masukan/ umpan balik yang membangun, yang               stakeholders and readers for the improvement and development
  diberikan oleh para Pemangku Kepentingan dan para pembaca             of the content for the next reporting period. The stakeholders
  dalam rangka perbaikan serta penyempurnaan isi pelaporan              may fill out the feedback sheet available at the end of this
  pada periode mendatang. Para Pemangku Kepentingan dapat               report. [POJK G.2]
  mengisi lembar umpan balik yang tersedia di bagian akhir dari
  laporan ini. [POJK G.2]



2023 ANNUAL REPORT                                                                          P T E R A J AYA S WA S E M B A D A T B K         237
Page 240
              ta n g g u n g j awa b s o s i a l & l i n g ku n g a n




      STRATEGI
      KEBERLANJUTAN                                                                   [POJK A.1]


      SUSTAINABILITY STRATEGY

      Erajaya memiliki Strategi Keberlanjutan yang berisi komitmen                Erajaya established a Sustainability Strategy that encompasses
      keberlanjutan yang dijabarkan dari kebijakan Erajaya di bidang              sustainability commitments derived from Erajaya’s policies
      lingkungan dan sosial yang terintegrasi ke dalam pencapaian                 in environmental and social fields, integrated into achieving
      target-target ekonomi dan operasional secara berimbang serta                economic and operational targets in a balanced manner, while
      mendukung upaya pencapaian SDG sebagai berikut:                             supporting efforts towards achieving Sustainable Development
                                                                                  Goals (SDG) as follows:
      •    Senantiasa menghindari dampak buruk kegiatan operasional               • Continuously strive to avoid adverse impacts of operational
           terhadap lingkungan dan masyarakat, dan jika hal ini tidak                 activities on the environment and society, and at the very
           memungkinkan, meminimalkan dan memitigasi dampak-                          least, to minimize and mitigate such impacts.
           dampak tersebut,
      •    Mempromosikan perlakuan yang adil, nondiskriminasi,                    •    Promote fair treatment, non-discrimination, equality, as well
           kesetaraan, serta keselamatan & kesehatan kerja di seluruh                  as occupational health and safety across Erajaya Group’s
           lingkungan Grup Erajaya termasuk dalam hubungannya                          environment, including external parties engaged in work
           dengan pihak eksternal yang memiliki hubungan kerja                         relations with Erajaya.
           dengan Erajaya,
      •    Menghormati hak asasi manusia termasuk hak                             •    Respect human rights, including labor rights of all
           ketenagakerjaan seluruh karyawan dengan mematuhi                            employees, by complying with labor laws and adhering
           peraturan perundang-undangan di bidang ketenagakerjaan                      to the fundamental principles of the International Labour
           dan mengacu pada prinsip-prinsip dasar International Labour                 Organization (ILO).
           Organization (ILO),
      •    Tidak menolerir praktik mempekerjakan anak di bawah                    •    Do not tolerate practices of child labor and forced labor for
           umur dan kerja paksa atas pekerjaan atau layanan apapun                     any work or services that are involuntary or coerced from
           yang bersifat tidak sukarela atau diminta dari seseorang                    individuals under threat of punishment.
           yang berada di bawah ancaman hukuman apapun,
      •    Mematuhi semua peraturan perundang-undangan yang                       •    Comply with all applicable laws and regulations, including
           berlaku, termasuk perjanjian internasional yang diratifikasi                ratified international agreements, in the countries where
           di negara tempat Grup Erajaya beroperasi.                                   the Erajaya Group operates.


                                                             Focus on Sustainability                      Keselamatan & Kesehatan Kerja
           Perubahan Iklim & Tanggung Jawab
           Karbon                                                                                         Occupational Health & Safety
           Climate Change & Carbon Responsibility
           • Pelestarian lingkungan
              Environmental conversation
                                                                                                          Hak Asasi Manusia & Partisipasi Gender
           • Mitigasi jejak karbon
              Carbon footprint mitigation                                                                 Human Rights & Gender Participation
           • Hewan dan tumbuhan langka
              Rare animal and vegetation
                                                                                                                                   Pelatihan &
                                                                                                            Pekerja Lokal        Pengembangan
                                                                                                           Local Employee           Training &
                                                                                                                                  Development


           Pengelolaan Energi                                                                                    Penanganan Ketidakpuasan
           Energy Management                                                                                       (Internal & Eksternal)
           • Air, bahan bakar fosil, & efisiensi listrik                                                           Grievancy Management
              Water, fossil fuel, & electricity efficiency                                                          (Internal & External)
           • Energi terbarukan
              Renewable energy
                                                             Pengelolaan Kertas & Plastik                 Donasi Sosial & Pengembangan
                                                             Paper & Plastic Management                   Komunitas
                                                                                                          Social Donation & Community
                                                                                                          Development
                                                                                                          • Partisipasi ekonomi lokal
                                                             Inisiatif Lingkungan Lainnya                    Local economic participation
          Pengelolaan Limbah (Termasuk Limbah B3)
                                                             Other Environmental Initiative               • Partisipasi UMKM dalam rantai pasok
          Waste Management (Include Hazardous                                                                MSME participation in supply chain
                                                             •   Material ramah lingkungan
          Waste)                                                                                          • Kontribusi sosial
                                                                 Green Material                              Social contribution




238        P T E R A J AYA S WA S E M B A D A T B K                                                                   L A P O R A N TA H U N A N 2 0 2 3
Page 241
                                                                   social & environmental responsibility




  PENGANTAR DARI
  DIREKTUR UTAMA                                                       [POJK D.1]


  FOREWORD FROM THE PRESIDENT DIRECTOR



  Kami memahami sepenuhnya bahwa bisnis yang ingin
  mencapai keberlanjutan harus mempertimbangkan aspek-
  aspek ESG (Environmental, Social, dan Governance)
  sebagai dasar dalam mengelola risiko dan menciptakan
  nilai jangka panjang. Oleh karena itu, keberlanjutan
  bisnis kami sangat bergantung dari cara kami mengelola
  risiko-risiko lingkungan dan sosial yang berkaitan dengan
  kegiatan operasional yang mungkin dapat memengaruhi
  perkembangan bisnis Erajaya.”
  We fully understand that to achieve sustainability, businesses must consider ESG
  (Environmental, Social, and Governance) aspects as a basis for managing risk and creating
  long-term value. Therefore, our business sustainability is closely related to how we manage
  environmental and social risks related to operational activities that may affect Erajaya’s business
  development.”


  KEBIJAKAN UNTUK MERESPONS TANTANGAN                             POLICY TO RESPOND TO CHALLENGES IN
  DALAM PEMENUHAN STRATEGI KEBERLANJUTAN                          FULFILLING SUSTAINABILITY STRATEGY
  Dalam kurun waktu lebih dari 27 tahun di industrinya, Erajaya   Throughout its more than 27-year journey in the industry,
  telah dikenal sebagai salah satu perusahaan terpercaya          Erajaya has been recognized as one of the most trusted
  dan memiliki pangsa pasar serta jaringan mitra yang luas.       companies with a significant market share and extensive
  Pencapaian ini tentu harus diraih dengan kerja keras dan        partner network. This achievement undoubtedly stems from
  komitmen yang kuat dari seluruh elemen perusahaan               the hard work and strong commitment of all elements within
  untuk menerapkan nilai-nilai keberlanjutan yang telah           the Company to apply the sustainability values that have
  dikembangkan dan disepakati sebagai nilai-nilai inti Erajaya,   been developed and agreed upon as Erajaya’s core values,
  yakni Innovation (berpikir strategis); Agility (ketangkasan     namely Innovation (strategic thinking); Agility (creativity
  dalam berkreasi); Digital (kesadaran akan teknologi);           in action); Digital (awareness of technology); Excellent
  Excellent Customer Service (menghargai, bekerja sama, dan       Customer Service (appreciation, collaboration, and a good
  lingkungan yang baik); dan Leadership (kepemimpinan yang        environment); and Leadership (strategic leadership).
  strategis).

  Seiring dengan semakin berkembangnya perhatian                  With the growing global attention to socially responsible,
  masyarakat global terhadap investasi yang bertanggung           environmentally friendly, and well-governed investments in
  jawab secara sosial, lingkungan, dan tata kelola dalam          recent years, Erajaya has begun to strengthen its focus on
  beberapa tahun terakhir, Erajaya mulai memperkuat fokusnya      implementing ESG principles. We believe that ESG forms
  pada penerapan prinsip-prinsip ESG. Kami meyakini bahwa         the foundation for Erajaya’s future business sustainability
  ESG adalah dasar bagi keberlanjutan usaha Erajaya ke            because integrating ESG principles will help Erajaya mitigate
  depan karena integrasi prinsip ESG akan membantu Erajaya        reputational risks, comply with applicable regulations, meet
  memitigasi risiko reputasi, mematuhi peraturan perundang-       stakeholder expectations, create long-term value, as well
  undangan yang berlaku, memenuhi harapan pemangku                as gain access to global investors and sustainable market
  kepentingan, menciptakan nilai jangka panjang, serta            opportunities.
  memberikan akses ke investor global dan peluang pasar yang
  berkelanjutan.


2023 ANNUAL REPORT                                                                  P T E R A J AYA S WA S E M B A D A T B K      239
Page 242
            ta n g g u n g j awa b s o s i a l & l i n g ku n g a n




      Pada gilirannya, tanggung jawab Erajaya secara sosial dan       In turn, Erajaya’s social and environmental responsibilities,
      lingkungan yang sebelumnya diimplementasikan melalui            previously implemented through CSR initiatives, as well
      inisiatif CSR sebagai bentuk kepedulian perusahaan pada         as the Company’s involvement within the community and
      masyarakat dan lingkungan sekitar yang lebih bersifat           the surrounding environment with a more philanthropic
      filantrofis, kini diintegrasikan ke dalam praktik bisnis        nature, are now integrated into the Company’s business
      perusahaan. Dari insiatif CSR yang hanya menghasilkan           practices. From CSR initiatives that only produced limited
      dampak terbatas dan terpisah dari aktivitas operasional,        and separate impacts from operational activities, Erajaya
      kini Erajaya telah mempertimbangkan prinsip-prinsip ESG         has now considered ESG principles to manage the impact
      untuk mengelola dampak operasi Erajaya terhadap aspek           of Erajaya’s operations on environmental and social aspects
      lingkungan dan sosial sebagai manifestasi dari investasi yang   as a manifestation of responsible, integrity-driven, and
      bertanggung jawab, berintegritas, dan berkelanjutan.            sustainable investment.

      Erajaya telah memiliki Kebijakan Lingkungan, Sosial, dan        Erajaya established an Environmental, Social, and Health &
      Kesehatan & Keselamatan (Environmental, Social, and             Safety (ESHS) Policy, reaffirming Erajaya’s commitment to
      Health & Safety/ESHS Policy) yang menegaskan komitmen           incorporating relevant ESHS aspects into the sustainable
      Erajaya untuk menyertakan aspek-aspek ESHS yang relevan         management of Erajaya Group’s current and future operations.
      ke dalam manajemen berkelanjutan atas operasi Grup              This policy sets comprehensive environmental and social
      Erajaya saat ini dan masa depan. Kebijakan ini menetapkan       requirements that are communicated to all elements
      persyaratan lingkungan dan sosial menyeluruh yang telah         within the Company, disseminated through various internal
      dikomunikasikan kepada seluruh elemen perusahaan,               communication channels, and accessible to all employees.
      disosialisasikan melalui berbagai media komunikasi internal,
      dan dapat diakses oleh seluruh karyawan.

      Untuk itu, Erajaya telah mengaplikasikan Sistem Manajemen       To this end, Erajaya has implemented an Environmental
      Lingkungan dan Sosial (Environmental and Social                 and Social Management System (ESMS) as part of its
      Management System/ESMS) sebagai bagian dari sistem              management system, supporting the assessment, mitigation,
      manajemen Erajaya yang mendukung penilaian, mitigasi,           and management of environmental and social risks in
      dan pengelolaan lingkungan hidup dan risiko sosial sesuai       accordance with the applicable laws and regulations. The
      dengan peraturan perundang-undangan yang berlaku. Tujuan        main objective of ESMS is to avoid, minimize, and mitigate the
      utama ESMS adalah untuk menghindari atau meminimalkan           negative impacts of Erajaya’s business on the environment
      serta memitigasi dampak negatif dari bisnis Erajaya terhadap    and society while maximizing opportunities to benefit the
      lingkungan dan masyarakat, serta memaksimalkan peluang          environment and society.
      untuk memberi manfaat lingkungan dan sosial.

      Berbagai tantangan muncul dalam penerapan strategi              Various challenges arise in the implementation of
      keberlanjutan baik dari internal maupun eksternal               sustainability strategies, both internally and externally.
      perusahaan. Dari sisi internal, kami melihat bahwa              Internally, we observe that employees’ understanding
      pemahaman dan perhatian karyawan terhadap konsep ESG            and awareness of ESG concepts and sustainability issues
      dan isu-isu keberlanjutan belum optimal. Hingga akhir tahun     are not optimal. At the end of 2023, Erajaya Group had
      2023 Grup Erajaya memiliki 5.675 karyawan yang tersebar di      5,675 employees spread across Indonesia, Malaysia, and
      Indonesia, Malaysia, dan Singapura. Kami fokus pada upaya       Singapore. We focus on efforts to enhance employees’
      peningkatan kapasitas dan pemahaman karyawan mengenai           capacity and understanding of the importance of integrating
      pentingnya mengintegrasikan aspek ESG dalam setiap proses       ESG aspects into every decision-making process, as well as
      pengambilan keputusan, serta menumbuhkan kesadaran              fostering employee awareness to participate in community
      karyawan untuk berpartisipasi dalam upaya pengembangan          development and environmental conservation efforts.
      masyarakat dan pelestarian lingkungan.

      Selain itu, implementasi ESMS yang efektif perlu didukung       Furthermore, effective implementation of ESMS requires
      oleh upaya peningkatan kapasitas yang tepat untuk               support from appropriate capacity-building efforts to
      mendorong pemahaman dan penerapan yang konsisten. Oleh          encourage consistent understanding and application. Hence,
      karena itu secara bertahap Erajaya memberikan pelatihan         Erajaya gradually provides ESMS training consisting of
      ESMS yang terdiri dari 2 jenis pelatihan, yakni peningkatan     two courses: awareness-raising and tailored training on
      kesadaran dan pelatihan khusus mengenai aspek lingkungan        environmental and social aspects. Awareness-raising training
      dan sosial. Pelatihan peningkatan kesadaran dirancang untuk     is designed to provide a general understanding of Erajaya’s
      memberikan pemahaman umum tentang kebijakan dan                 environmental and social policies and principles as well as to
      prinsip-prinsip lingkungan dan sosial Erajaya dan mendukung     support ESMS implementation. Meanwhile, tailored training
      implementasi ESMS. Sementara pelatihan khusus (tailored)        is provided to employees whose functions are directly related
      diberikan kepada karyawan yang fungsinya berhubungan            to environmental and social aspects of the daily business
      langsung dengan aspek lingkungan dan sosial dalam proses        process.
      bisnis sehari-hari.


240      P T E R A J AYA S WA S E M B A D A T B K                                                      L A P O R A N TA H U N A N 2 0 2 3
Page 243
                                                                   social & environmental responsibility




  Dari sisi eksternal, Pemerintah Indonesia telah menyampaikan    Externally, the Indonesian government expresses its
  komitmennya untuk ikut berperan dalam mengatasi perubahan       commitment to play a key role in addressing climate change
  iklim dengan menargetkan Net Zero Emission (NZE) pada           by targeting Net Zero Emissions (NZE) by 2060 or earlier. A
  tahun 2060 atau lebih awal. Salah Langkah penting dalam         critical step in achieving the NZE target is decarbonization,
  mencapai target NZE adalah dekarbonisasi dalam rangka           which reduces greenhouse gas emissions, particularly carbon
  mengurangi emisi gas rumah kaca, terutama karbon dioksida       dioxide (CO2) emissions caused by activities such as burning
  (CO2) yang disebabkan oleh aktivitas seperti pembakaran         fossil fuels for energy. Erajaya has intensively studied the
  bahan bakar fosil untuk energi. Erajaya mempelajari secara      impact on Erajaya’s business and formulated initiatives to
  intensif dampaknya terhadap bisnis Erajaya dan merumuskan       support the government’s commitment in the future.
  inisiatif-inisiatif yang dapat dilakukan untuk mendukung
  komitmen pemerintah tersebut di masa mendatang.

  PENERAPAN KEUANGAN BERKELANJUTAN                                IMPLEMENTATION OF SUSTAINABLE FINANCE
  Erajaya memaknai penerapan keuangan berkelanjutan               Erajaya interprets the implementation of sustainable finance
  sebagai kontribusi kami melalui kegiatan bisnis Erajaya untuk   as our contribution through Erajaya’s business activities to
  menciptakan nilai jangka panjang bagi semua pemangku            create long-term value for all stakeholders. In the context
  kepentingan. Dalam konteks keberlanjutan, Erajaya harus         of sustainability, Erajaya must grow and develop by seizing
  tumbuh dan berkembang dengan memanfaatkan peluang               business opportunities appropriately while minimizing
  bisnis secara tepat, dan pada saat yang sama meminimalkan       negative impacts on the environment and society.
  dampak negatif pada lingkungan dan masyarakat.

  Dalam aspek kinerja ekonomi, pada tahun 2023 Erajaya            In terms of economic performance, in 2023, Erajaya achieved
  berhasil meraih pendapatan bersih sebesar Rp60,1 triliun,       a net revenue of Rp60.1 trillion, a growth of 21.6% from
  tumbuh 21,6% dari Rp49,5 triliun pada tahun 2022. Sejalan       Rp49.5 trillion in 2022. Along with the increase in sales,
  dengan peningkatan penjualan, laba kotor tercatat tumbuh        gross profit increased by 20.3% to Rp6.45 trillion, with a
  20,3% menjadi Rp6,45 triliun dengan marjin laba kotor           gross profit margin of 10.7%. The net profit attributable to
  sebesar 10,7%. Laba setelah pajak yang diatribusikan            owners of the parent company amounted to Rp826.1 billion.
  kepada pemilik entitas induk tercatat sebesar Rp826,1 miliar.   In 2023, Erajaya opened 629 new stores spread across
  Sepanjang tahun 2023, Erajaya membuka 629 gerai baru            all vertical businesses, bringing our total to 2,049 stores
  yang tersebar di semua bisnis vertikal sehingga secara total    throughout Indonesia, Malaysia, and Singapore, supported by
  kami telah memiliki 2.049 gerai yang tersebar di Indonesia,     97 distribution centers and approximately 70,000 resellers.
  Malaysia, dan Singapura, didukung 97 pusat distribusi, serta
  sekitar 70.000 reseller.

  Sebagai perusahaan yang bergerak di bidang ritel dan            As a retail and distribution company, Erajaya’s operational
  distribusi, aktivitas operasional Erajaya tidak menimbulkan     activities do not directly impact the environmental balance
  dampak langsung pada keseimbangan lingkungan dan sistem         and socio-economic systems of society. Nevertheless, we
  sosial ekonomi masyarakat. Tetapi kami tetap berkomitmen        remain committed to managing our business to deliver the
  untuk mengelola bisnis untuk memberikan hasil yang terbaik      best results with positive impacts on the environment and the
  dan memiliki dampak positif bagi lingkungan dan masyarakat      surrounding community. This is done to create a better future
  sekitar. Hal ini dilakukan agar dapat menciptakan masa depan    while achieving our long-term business goals.
  yang lebih baik serta mencapai tujuan bisnis jangka panjang.

  Salah satu upaya kami dalam rangka carbon responsibility        One of our efforts in carbon responsibility is carbon offsetting,
  adalah melakukan carbon offsetting, yakni menyeimbangkan        which involves balancing the carbon footprint generated from
  jejak karbon yang dihasilkan dari rantai distribusi barang      the distribution chain of goods and services with reforestation
  dan jasa dengan program reboisasi hutan untuk mengurangi        programs to reduce greenhouse gas emissions and absorb
  emisi gas rumah kaca dan menyerap karbon dioksida (CO2).        carbon dioxide (CO2).

  Dalam 5 tahun terakhir, Erajaya melakukan kegiatan              In the past 5 years, Erajaya has been engaged in forest
  rehabilitasi dan konservasi kawasan hutan di Rumpin,            rehabilitation and conservation activities in Rumpin, Bogor
  Kabupaten Bogor, melalui program Wana Erajaya. Kami             Regency, through the Wana Erajaya program. We have
  bekerja sama dengan Balai Pelatihan Lingkungan Hidup            collaborated with Bogor Environmental and Forestry Training
  dan Kehutanan (BPLHK) Bogor untuk mengembangkan                 Center (Balai Pelatihan Lingkungan Hidup dan Kehutanan/
  serangkaian program lingkungan sekaligus membuka akses          BPLHK) to develop a series of environmental programs while
  dan peluang ekonomi bagi masyarakat yang tinggal di sekitar     also providing access and economic opportunities for the
  kawasan program.                                                communities living around the program area.




2023 ANNUAL REPORT                                                                   P T E R A J AYA S WA S E M B A D A T B K         241
Page 244
            ta n g g u n g j awa b s o s i a l & l i n g ku n g a n




      Selama proses pengembangan kawasan Wana Erajaya,                   During the development process of the Wana Erajaya area,
      Erajaya dan BPLHK telah menanam 6.368 pohon berbagai               Erajaya and BPLHK have planted 6,368 trees of various
      jenis seperti mahoni, agatis, dan jenitri. Saat ini, pohon-pohon   species, such as mahogany, agathis, and elaeocarpus
      tersebut telah tumbuh besar dan berpotensi menghasilkan            ganitrus. Currently, these trees have grown big and have the
      1.833 ton oksigen dan mengurangi 16.385 ton karbon                 potential to produce 1,833 tons of oxygen and reduce 16,385
      dioksida per tahun.                                                tons of carbon dioxide per year.

      Erajaya juga menginisiasi program pemberdayaan                     Erajaya also initiated community empowerment programs
      masyarakat sekitar Wana Erajaya melalui berbagai program           in the Wana Erajaya area, as well as various mentoring
      pendampingan. Melalui program Wanatani, kami mendorong             programs. Through the Wanatani program, we encourage the
      warga untuk mengusahakan sekitar 60% dari lahan Wana               community to utilize about 60% of the Wana Erajaya land as
      Erajaya sebagai kebun untuk bertanam sayuran, buah-                gardens for planting vegetables, fruits, grass for livestock, and
      buahan, rumput untuk hewan ternak, dan tanaman penghasil           essential oil-producing plants, such as vetiver and patchouli.
      minyak atsiri seperti akar wangi dan nilam.

      Sejak pertengahan tahun 2023, kami berkolaborasi dengan            Since mid-2023, we have collaborated with the Ministry of
      Kementerian Koperasi dan UKM untuk membuat program                 Cooperatives and SME to create a program for small, micro,
      kerja sama usaha kecil, mikro, dan menengah (UMKM)                 and medium-sized enterprises (SME) in the retail trade supply
      dalam rantai pasok di bidang perdagangan ritel. Saat ini           chain. Currently, the program implementation is in the stage
      pelaksanaan program masih dalam tahap sosialisasi dan              of socialization and stakeholder mapping. We are optimistic
      pemetaan pemangku kepentingan. Kami optimis, program               that this program will be one of our contributions to nurturing
      ini akan menjadi salah satu kontribusi kami untuk melahirkan       resilient and independent SMEs as business partners within
      pelaku UMKM tangguh dan mandiri sebagai mitra usaha                the Erajaya network.
      jaringan bisnis Erajaya.

      STRATEGI PENCAPAIAN TARGET                                         TARGET ACHIEVEMENT STRATEGY
      Dalam pengembangan strategi keberlanjutan, kami                    In developing our sustainability strategy, we take into
      mempertimbangkan strategi bisnis, target kinerja, portofolio,      account business strategies, performance targets, portfolios,
      kondisi makroekonomi, isu global, serta keselarasan terhadap       macroeconomic conditions, global issues, and alignment
      upaya pencapaian tujuan SDG. Direksi dan Dewan Komisaris           with efforts to achieve SDG goals. The Board of Directors
      turut serta dalam proses perumusan strategi keberlanjutan          and Board of Commissioners participate in the formulation
      Erajaya, termasuk mempertimbangkan aspek ESG, serta                of Erajaya’s sustainability strategy, including considering
      mengawasi implementasi strategi perusahaan.                        ESG aspects and supervising the implementation of the
                                                                         Company’s strategy.

      Kami senantiasa mengedepankan budaya dan perilaku                  We consistently promote sustainability culture and behavior
      keberlanjutan dalam setiap proses bisnis yang berjalan.            in every business process. In addition to complying with and
      Selain mematuhi dan menyesuaikan proses bisnis Erajaya             aligning Erajaya’s business processes with the applicable
      dengan regulasi yang berlaku, secara berkala kami melakukan        regulations, we periodically map the business profile and its
      pemetaan profil bisnis dan dampaknya terhadap lingkungan           impacts on the environment and society. This identification
      dan sosial. Identifikasi ini dilakukan seiring dengan ekspansi     is carried out in line with Erajaya’s business expansion. We
      bisnis Erajaya. Kami menunjuk tim yang terdiri dari gabungan       appoint a team consisting of representatives from several
      beberapa divisi untuk melakukan pelaporan yakni Tim Task           divisions to conduct reporting related to environmental and
      Force ESMS Project, terkait dengan pengelolaan risiko              social risk management, namely the ESMS Project Task Force
      lingkungan dan sosial.                                             Team.




242      P T E R A J AYA S WA S E M B A D A T B K                                                           L A P O R A N TA H U N A N 2 0 2 3
Page 245
                                                                social & environmental responsibility




  INISIATIF
  KEBERLANJUTAN
  SUSTAINABILITY INITIATIVES


  Erajaya melaksanakan inisiatif keberlanjutan yang berfokus   Erajaya implements sustainablility inititatives that focus on 4
  pada 4 (empat) aspek, yaitu:                                 (four) aspects, namely:




                       Pendidikan                                  Kesehatan dan Misi Kemanusiaan
                       Educational                                  Health and Humanitarian Mission
       Mendukung program pemerintah khususnya                        Melaksanakan beragam kegiatan yang berkaitan
       dalam pengembangan kompetensi dan                             dengan kesehatan masyarakat dan tanggap
       pemberdayaan lulusan pendidikan vokasi di                     darurat untuk korban bencana alam.
       dunia usaha dan dunia industri.
                                                                     Carrying out various activities related to public
       Supporting government programs, especially                    health and emergency response for victims of
       in developing competence and empowering                       natural disasters.
       vocational education graduates in the business
       and industrial world.




                      Lingkungan                                        Pemberdayaan Masyarakat
                     Environmental                                       Community Empowerment
       Merehabilitasi lahan kritis melalui program-                • Menyediakan akses modal dan pendampingan
       program penghijauan yang melibatkan                           usaha kepada masyarakat yang berorientasi pada
       masyarakat sekitar lahan dan memberikan                       peningkatan ekonomi jangka panjang.
       edukasi lingkungan.                                         • Mengembangkan rantai pasok bagi mitra UMKM
                                                                     di bidang perdagangan ritel dan aksesoris.
       Rehabilitating critical land through reforestation          • Providing access to capital and business
       programs involving communities around the land                mentoring to the community orientated towards
       and providing environmental education.                        long-term economic improvement.
                                                                   • Developing supply chains for MSME partners in
                                                                     the retail and accessories trade sector.




2023 ANNUAL REPORT                                                                P T E R A J AYA S WA S E M B A D A T B K       243
Page 246
         ta n g g u n g j awa b s o s i a l & l i n g ku n g a n




      INISIATIF UNGGULAN 2023
      2023 LEADING INITIATIVES


          Perluasan Program Kemitraan Vokasi
          Expansion of the Vocational Partnership Program

          Perluasan cakupan program kemitraan vokasi kerja                Expanding the scope of the vocational partnership
          sama dengan Kementerian Pendidikan, Budaya, Riset,              program in collaboration with the Ministry of Education,
          dan Teknologi (Kemendikbudristek) dalam rangka                  Culture, Research and Technology (Kemendikbudristek)
          berkontribusi dalam peningkatan kompetensi vokasi               in order to contribute to increasing vocational competence
          untuk siap memasuki dunia kerja, terutama di sektor ritel.      to be ready to enter the world of work, especially in the
          • Penyelenggaraan Webinar Vokasinesia pada 17 Mei               retail sector.
              2023.                                                       • Organizing a Vokasinesia Webinar on May 17 2023.
          • Penyelenggaraan Erajaya Vocational Day pada 23                • Organizing Erajaya Vocational Day on 23 November
              November 2023 yang diisi dengan beberapa agenda,                 2023 consisted of several agendas, namely the
              yaitu penandatanganan Perjanjian Kerja Sama antara               signing of the Cooperation Agreement between
              Erajaya dan Satuan Pendidikan Vokasi (SPV) Tahap                 Erajaya and the Phase II Vocational Education Unit
              II, Talkshow HerVocational, Pop-Up Store Erajaya                 (SPV), HerVocational Talkshow, Erajaya Group Pop-
              Group, Stand Karya SMK, serta Hiring Corner.                     Up Store, SMK Karya Stand, and Hiring Corner.




                Fulfillment of 8 points of MoU with the                     190 internship
                Ministry of Education, Culture, Research,                                                             Collaboration
                                                                            participants at Erafone,
                and Technology.                                                                                       with 79 SPV.
                                                                            PB, Wellings outlets.




                3 events in collaboration with the                     11 Alumni of
                                                                                                        3 Improvement Programs:
                Ministry of Education, Culture,                        the internship
                Research, and Technology:                              program                          • Guru Mengajar
                • Vokasinesia Webinar.                                 were hired as                    • Vocapreneur
                • MoU with Vocational Education                        employee.                        • Erajaya HerVocational Talk
                   Units (SPV).
                • Erajaya Vocational Day.




244    P T E R A J AYA S WA S E M B A D A T B K                                                              L A P O R A N TA H U N A N 2 0 2 3
Page 247
                                                                            social & environmental responsibility




  Erajaya Gadget Movement
                                    Erajaya menginisiasi program Erajaya Gadget              Erajaya initiated the Erajaya Gadget Movement
                                    Movement (EGM) sebagai gerakan mengatasi                 (EGM) program as a movement to overcome
                                    masalah lingkungan terkait limbah elektronik             environmental problems related to electronic
                                    (e-waste)     sekaligus   berkontribusi    pada          waste (e-waste) while contributing to improving
                                    peningkatan pendidikan, kesejahteraan sosial,            education, social welfare, and sustainable
                                    dan pembangunan berkelanjutan. Erajaya                   development. Erajaya invited employees to

     64 Sekolah
        Schools
                                    mengajak karyawan untuk menyumbangkan
                                    gadget tak terpakai yang dimiliki yang akan
                                                                                             donate their unused gadgets, which would
                                                                                             be refurbished, to be donated to vocational
                                    diperbarui (refurbished), untuk didonasikan              school and vocational college students from
   vocational schools
                                    kepada siswa/mahasiswa SMK dan perguruan                 underprivileged families to support their
   received the benefits
                                    tinggi vokasi yang berasal dari keluarga kurang          learning activities. Erajaya provides dropboxes
   of the gadget reuse
                                    mampu untuk mendukung kegiatan belajar                   in the Erajaya Plaza and Erajaya Gedong
   program
                                    mereka. Erajaya menyediakan dropbox di lobi              Panjang lobbies for employees who want to
                                    Erajaya Plaza dan Erajaya Gedong Panjang                 donate their unused gadgets. Through EGM,
                                    bagi karyawan yang ingin menyumbangkan                   Erajaya provides vocational students with better
                                    gadget tak terpakainya. Melalui EGM, Erajaya             access to technology while optimizing the use
                                    memberikan akses yang lebih baik bagi siswa/             of electronic devices to reduce environmental
                                    mahasiswa vokasi terhadap teknologi sekaligus            impacts.
                                    mengoptimalkan        pemanfaatan     perangkat
                                    elektronik untuk mengurangi dampak lingkungan.




                                                   Pemberdayaan UMKM
                                                     Empowerment of MSMEs

           Erajaya melanjutkan kerja sama dengan Kementerian             Erajaya continues its collaboration with the Ministry of
           Koperasi dan UKM dalam Program Pemberdayaan                   Cooperatives and SMEs in the MSME Empowerment
           UMKM        dengan       menghadirkan     program             Program by presenting a supply chain development
           pengembangan rantai pasok di bidang perdagangan               program in the retail and accessories trade sector
           ritel dan aksesoris bagi mitra UMKM. Langkah awal             for MSME partners. The initial step of this program
           program ini adalah pengembangan database UMKM                 is to develop a database of potential MSMEs and
           potensial dan sinkronisasi antara kebutuhan bisnis            synchronize Erajaya’s business needs with those of
           Erajaya dengan UMKM yang berpotensi menjadi mitra             MSMEs that have the potential to become partners in
           dalam pemenuhan rantai pasok.                                 fulfilling the supply chain.




               120 families                 Organizing 5 MSME          Collaboration with 7 Integrated          4 internal projects
              involved in the                    Events.               Business Service Center (Pusat            for supply chain
             MSME program in                                           Layanan Usaha Terpadu/PLUT)                 collaboration.
                                            Organizing 5 MSME
                 Rumpin                                                 to support SME supply chain
                                                 Events.                                                        4 internal projects
                                                                                 Programs.
            120 families involved                                                                                for supply chain
                in the MSME                                             Collaboration with 7 Integrated            collaboration.
             program in Rumpin.                                         Business Service Center (Pusat
                                                                        Layanan Usaha Terpadu/PLUT)
                                                                         to support SME supply chain
                                                                                  Programs.




2023 ANNUAL REPORT                                                                               P T E R A J AYA S WA S E M B A D A T B K       245
Page 248
            ta n g g u n g j awa b s o s i a l & l i n g ku n g a n




      Penyerahan Kawasan Wana Erajaya kepada Kementerian
      Lingkungan Hidup dan Kehutanan
      Penyerahan Kawasan Wana Erajaya kepada Kementerian Lingkungan Hidup dan Kehutanan


      Setelah melaksanakan program rehabilitasi lahan hutan seluas              After implementing a 6 hectare forest land rehabilitation program
      6 hektar yang dinamakan Wana Erajaya di Rumpin, Kabupaten                 called Wana Erajaya in Rumpin, Bogor Regency, in collaboration
      Bogor bersama BPLHK Bogor sejak tahun 2018, Erajaya secara                with BPLHK Bogor since 2018, Erajaya officially handed over the
      resmi menyerahkan kawasan Wana Erajaya kepada Kementerian                 Wana Erajaya area to the Ministry of Environment and Forestry
      Lingkungan Hidup dan Kehutanan (KLHK) pada akhir November                 (KLHK) at the end of November 2023. The development of the
      2023. Pengembangan kawasan Wana Erajaya tidak hanya                       Wana Erajaya area is not only in the form of reforestation but also
      berupa reforestasi, tetapi juga memberdayakan hasil hutan untuk           empowering forest products to improve the economic capacity
      meningkatkan kemampuan ekonomi masyarakat sekitar melalui                 of surrounding communities through the agroforestry program.
      program Wanatani. Saat ini ada lima kelompok masyarakat                   Currently, there are five community groups involved in various
      yang terlibat dalam berbagai jenis produksi seperti agroforestri,         types of production, such as agroforestry, honey, essential
      madu, minyak atsiri, jamur tiram, dan kerajinan bambu. Erajaya            oils, oyster mushrooms, and bamboo crafts. Erajaya provides
      memberikan bantuan pendampingan, permodalan, peralatan,                   assistance, capital, equipment, and post-harvest production
      dan pelatihan produksi pasca panen untuk menghasilkan produk              training to produce products with higher economic value.
      yang bernilai ekonomi yang lebih tinggi.




         Produce:                                                                                        Economy
         1,833 tons of O2/year for 8,868 people          Nature
                                                                                                         •   Rp1,500,000 - Rp2,000,000
         Reduce:                                         •   6 Ha conservation areas
                                                                                                             economic potential commodity/
         16,385 tons of CO2/ year                        •   6.386 Trees planted since 2018.
                                                                                                             harvest (honey & oyster mushrooms).
                                                         •   1226 Rare tree seeds
         Produce:                                                                                        •   8 units of conservation and SMEs
                                                         •   60% of land for Wanatani
         1,833 tons of O2/year for 8,868 people                                                              support facilities.
                                                             agroforestry program (2019-2023
         Reduce:
         16,385 tons of CO2/ year                                                                        Nature
                                                         Nature
                                                                                                         •   Rp1,500,000 - Rp2,000,000
                                                         •   6 Ha conservation areas
                                                                                                             economic potential commodity/
                                                         •   6,386 Trees planted since 2018.
                                                                                                             harvest (honey & oyster mushrooms).
                                                         •   1226 Rare tree seeds
                                                                                                         •   8 units of conservation and SMEs
                                                         •   60% of land for Wanatani
                                                                                                             support facilities.
                                                             agroforestry program (2019-2023)



          Wellbeing
          • 10 people received assistance
            to increase scientific capacity
            in economic and environmental
            matters.
          • >100 people increased public
            knowledge regarding eco edu
            forests.
                                                       Social
                                                                                                         ±   1.500
                                                       120 families involved in SME &                    Pengunjung per bulan
          Wellbeing
                                                       plant care programs.                              pada tahun 2023
          • 10 people received assistance
            to increase scientific capacity            Social                                            Visitors per month
            in economic and environmental              120 families involved in SME &                    in 2023
            matters.                                   plant care programs.
          • 100 people increased public
            knowledge regarding eco edu
            forests.




246      P T E R A J AYA S WA S E M B A D A T B K                                                                     L A P O R A N TA H U N A N 2 0 2 3
Page 249
                                                                                social & environmental responsibility




  BERKONTRIBUSI
  TERHADAP PENCAPAIAN
  TUJUAN PEMBANGUNAN
  BERKELANJUTAN
  CONTRIBUTING TO THE ACHIEVEMENT OF SUSTAINABLE
  DEVELOPMENT GOALS




  Erajaya turut mendukung pencapaian Tujuan Pembangunan                      Erajaya proactively supports the achievement of the
  Berkelanjutan (SDG) yang berisi 17 Tujuan dan 169 Target                   Sustainable Development Goals (SDGs), which consist of 17
  sebagai rencana aksi global untuk mengakhiri kemiskinan,                   goals and 169 targets, as a global action plan to end poverty,
  mengurangi kesenjangan sosial dan melindungi lingkungan                    reduce inequalities, and protect the environment.
  hidup.

  Kami telah mengidentifikasi empat pilar inisiatif keberlanjutan            We have identified the four pillars of Erajaya’s sustainability
  Erajaya secara tidak langsung telah berkontribusi dalam                    initiatives that have indirectly contributed to efforts to achieve
  upaya pencapaian 11 dari 17 butir Tujuan SDGs.                             11 of the 17 SDG goals.



      Tujuan SDG                                    Sasaran                                        Program/Kegiatan dalam Laporan Ini
         SDGs                                        Target                                           Program/Activity in This Report


                                                          PENDIDIKAN | EDUCATIONAL

                      Memastikan pendidikan yang inklusif dan berkualitas setara, juga     • Program Magang Vokasi EMiL (Erajaya Micro
                      mendukung kesempatan belajar seumur hidup bagi semua.                  Learning) (SDG 4, 8).
                                                                                           • Program Guru Merdeka Mengajar (SDG 4, 8, 17).
                      Ensure inclusive and equitable quality education, while supporting   • Program Perluasan Kerja Sama Peningkatan
                      lifelong learning opportunities for all.                               Kompetensi SDM Satuan Pendidikan Vokasi.
                                                                                           • Erajaya Vocational Day (SDG 4, 8, 17).

                      Mendukung pertumbuhan ekonomi yang inklusif dan berkelanjutan,       • EMiL (Erajaya Micro Learning) Vocational Internship
                      tenaga kerja penuh dan produktif, serta pekerjaan yang layak.          Program (SDG 4, 8).
                                                                                           • “Guru Merdeka Mengajar” Program (SDG 4, 8, 17).
                      Support inclusive and sustainable economic growth, full and          • Expansion of Collaboration Program to Increase
                      productive employment, and decent work.                                Human Resource Competency for Vocational
                                                                                             Education Units.
                                                                                           • Erajaya Vocational Day (SDG 4, 8, 17).
                      Menguatkan perangkat implementasi dan merevitalisasi kemitraan
                      global untuk pembangunan yang berkelanjutan.

                      Strengthen the means of implementation and revitalize the Global
                      Partnership for Sustainable Development.




2023 ANNUAL REPORT                                                                               P T E R A J AYA S WA S E M B A D A T B K          247
Page 250
        ta n g g u n g j awa b s o s i a l & l i n g ku n g a n




      Tujuan SDG                                      Sasaran                                     Program/Kegiatan dalam Laporan Ini
         SDGs                                          Target                                        Program/Activity in This Report


                                                                  KESEHATAN | HEALTH

                       Memastikan hidup sehat dan mempromosikan kesejahteraan bagi        • Erajaya Wellness Day 2023.
                       semua                                                              • Program Sarana Air Bersih Desa Tileng, Gunung
                                                                                            Kidul Yogyakarta.
                       Ensure healthy lives and promoting well-being for all
                                                                                          • Erajaya Wellness Day 2023.
                                                                                          • Clean Water Facilities Program at Tileng Village,
                                                                                            Gunung Kidul Yogyakarta.

                           TINGKAT PENDAPATAN RIIL ATAU PEKERJAAN | REAL INCOME LEVEL OR EMPLOYMENT

                       Mengakhiri kemiskinan di manapun dan dalam semua bentuk.           • Program Agroforestry Wana Erajaya (SDG 1, 15)
                                                                                          • Program Yayasan Erajaya Urban Farming (SDG 1, 15,
                       End poverty in all its forms everywhere.                             5)

                                                                                          • Wana Erajaya Agroforestry Program (SDG 1, 15)
                                                                                          • Erajaya Urban Farming Foundation Program (SDG 1,
                                                                                            15, 5)
                       Melindungi, memulihkan dan mendukung penggunaan yang
                       berkelanjutan terhadap ekosistem daratan, mengelola hutan
                       secara berkelanjutan, memerangi desertifikasi (penggurunan), dan
                       menghambat dan membalikkan degradasi tanah dan menghambat
                       hilangnya keanekaragaman hayati.

                       Protect, restore, and promote sustainable use of terrestrial
                       ecosystems, manage forests in a sustainable manner, combat
                       desertification, and halt and reverse soil degradation and halt
                       biodiversity loss.

                       Mencapai kesetaraan gender dan memberdayakan kaum perempuan.

                       Achieve gender equality and empower all women and girls.




                                              KEMANDIRIAN EKONOMI | ECONOMIC INDEPENDENCE

                       Mengakhiri kemiskinan di manapun dan dalam semua bentuk.           • Program dukungan UMKM.
                                                                                          • Program pengembangan UMKM dalam rantai pasok
                       End poverty in all its forms everywhere.                             di bidang perdagangan ritel dan aksesoris (kerja
                                                                                            sama dengan Kementerian Koperasi dan UKM).

                                                                                          • MSME support program.
                                                                                          • MSME development program in the supply chain of
                       Mengurangi ketimpangan di dalam dan antar-negara.                    retail and accessories trade sectors (collaboration
                                                                                            with the Ministry of Cooperatives and SMEs).
                       Reduce inequality within and between countries.




248   P T E R A J AYA S WA S E M B A D A T B K                                                                   L A P O R A N TA H U N A N 2 0 2 3
Page 251
                                                                             social & environmental responsibility




     Tujuan SDG                                  Sasaran                                       Program/Kegiatan dalam Laporan Ini
        SDGs                                      Target                                          Program/Activity in This Report


                             SOSIAL BUDAYA DAN LINGKUNGAN | SOCIAL CULTURE AND ENVIRONMENT

                  Mengakhiri kemiskinan di manapun dan dalam semua bentuk.             • Donasi Ramadhan dan peringatan hari besar
                                                                                         keagamaan (SDG 1).
                  End poverty in all its forms everywhere.                             • Donasi hewan kurban (SDG 1).
                                                                                       • Donasi korban bencana (SDG 2).
                                                                                       • Erajaya Gadget Movement (SDG 4, 12).
                                                                                       • Program Wana Erajaya (SDG 13, 15).

                  Menghilangkan kelaparan, mencapai ketahanan pangan dan gizi yang     • Ramadhan donations and commemoration of
                  baik, serta meningkatkan pertanian berkelanjutan.                      religious holidays (SDG 1).
                                                                                       • Donation of sacrificial animals (SDG 1).
                  End hunger, achieve food security and improved nutrition and         • Donation for disaster victims (SDG 2).
                  promote sustainable agriculture,                                     • Erajaya Gadget Movement (SDG 4, 12).
                                                                                       • Wana Erajaya Program (SDG 13, 15).

                  Memastikan pendidikan yang inklusif dan berkualitas setara, juga
                  mendukung kesempatan belajar seumur hidup bagi semua.

                  Ensure inclusive and equitable quality education, while supporting
                  lifelong learning opportunities for all.


                  Menjamin pola produksi dan konsumsi yang berkelanjutan.

                  Ensure sustainable consumption and production patterns.




                  Mengambil langkah penting untuk melawan perubahan iklim dan
                  dampaknya.

                  Take important steps to fight climate change and its impacts.



                  Melindungi, memulihkan dan mendukung penggunaan yang
                  berkelanjutan terhadap ekosistem daratan, mengelola hutan
                  secara berkelanjutan, memerangi desertifikasi (penggurunan), dan
                  menghambat dan membalikkan degradasi tanah dan menghambat
                  hilangnya keanekaragaman hayati.

                  Protect, restore, and promote sustainable use of terrestrial
                  ecosystems, manage forests in a sustainable manner, combat
                  desertification, and halt and reverse soil degradation and halt
                  biodiversity loss.




2023 ANNUAL REPORT                                                                          P T E R A J AYA S WA S E M B A D A T B K   249
Page 252
            ta n g g u n g j awa b s o s i a l & l i n g ku n g a n




      TATA KELOLA KEBERLANJUTAN
      SUSTAINABILITY GOVERNANCE

      Kami menyadari bahwa untuk memastikan terlaksananya
      inisiatif-inisiatif ESG untuk peningkatan kinerja
      keberlanjutan di Erajaya, dibutuhkan adanya struktur yang
      bertanggung jawab serta aturan tata kelola yang jelas akan
      kemajuan agenda keberlanjutan perusahaan.

      We recognize that to ensure the implementation of ESG initiatives to improve sustainability
      performance at Erajaya, a responsible structure, and clear governance rules are needed for the
      advancement of the company’s sustainability agenda.


      PENANGGUNG JAWAB PENERAPAN KEUANGAN                               RESPONSIBLE ON THE APPLICATION OF
      BERKELANJUTAN [POJK E.1]                                          SUSTAINABLE FINANCE [POJK E.1]
      Sesuai peraturan perundang-undangan, pembagian peran              In accordance with laws and regulations, the assignment of
      kepemimpinan dalam pelaksanaan strategi bisnis dituangkan         leadership roles in the implementation of business strategy
      dalam bentuk struktur tata kelola. Struktur tata kelola Erajaya   is outlined in a governance structure. Erajaya’s governance
      terdiri dari tiga organ utama yaitu Rapat Umum Pemegang           structure consists of three main organs, namely the General
      Saham (RUPS), Dewan Komisaris, dan Direksi.                       Meeting of Shareholders (GMS), the Board of Commissioners,
                                                                        and the Board of Directors.

      Dalam menjalankan peran dan fungsinya, setiap organ               In carrying out its roles and functions, each organ has clear
      memiliki tugas dan tanggung jawab yang jelas sebagaimana          duties and responsibilities as stipulated in the Company’s
      diatur di dalam Anggaran Dasar Perusahaan, Pedoman Kerja          Articles of Association, Board of Commissioners Charter, and
      Dewan Komisaris, dan Pedoman Kerja Direksi.                       Board of Directors Carter.

      Kami tidak membentuk unit kerja khusus yang ditugaskan untuk      We do not set up a specific work unit assigned to handle
      menangani program-program dan inisiatif keberlanjutan.            sustainability programs and initiatives. All matters related
      Seluruh hal yang berkaitan dengan komitmen keberlanjutan          to sustainability commitments remain fully under the
      secara penuh masih berada di bawah pengawasan Direksi             supervision of the Board of Directors and the Board of
      dan Dewan Komisaris, yang dibantu oleh unit-unit kerja            Commissioners, who are assisted by related work units
      terkait termasuk GA, Litigasi, HC, dan CSR.                       including GA, Litigation, HC, and CSR.

      Informasi rinci mengenai struktur tata kelola dan pelaksanaan     Further information regarding the governance structure and
      tata kelola Erajaya dapat ditemui di segmen “Tata Kelola          implementation of Erajaya’s governance is presented in the
      Perusahaan” dalam buku Laporan Tahunan ini.                       “Corporate Governance” segment of this Annual Report.

      PENGEMBANGAN KOMPETENSI TERKAIT KEUANGAN                          COMPETENCY DEVELOPMENT ON SUSTAINABLE
      BERKELANJUTAN [POJK E.2]                                          FINANCE [POJK E.2]
      Tidak ada program pengembangan kompetensi terkait                 There was no competency development program related to
      keuangan berkelanjutan pada tahun 2023.                           sustainable finance in 2023.




250      P T E R A J AYA S WA S E M B A D A T B K                                                        L A P O R A N TA H U N A N 2 0 2 3
Page 253
                                                                                social & environmental responsibility




  PENILAIAN RISIKO ATAS PENERAPAN KEUANGAN                                    RISK ASSESSMENT OF SUSTAINABILITY FINANCE
  BERKELANJUTAN [POJK E.3]                                                    [POJK E.3]
  Erajaya menerapkan manajemen risiko sebagai upaya untuk                     Erajaya applies risk management as an effort to manage
  mengelola semua risiko secara efektif dan efisien. Kami ingin               all risks effectively and efficiently. We ensure sustainable
  memastikan kesinambungan pertumbuhan bisnis melalui                         business growth through proactive risk management,
  pengelolaan risiko secara proaktif, berfokus pada risiko                    focusing on the most important risks in a coordinated and
  yang terpenting, dan dilakukan secara terkoordinasi dan                     integrated manner. In carrying out risk management, we
  terintegrasi. Dalam menjalankan manajemen risiko, kami                      innovate to find more effective and efficient measures.
  berinovasi untuk mendapatkan cara-cara yang lebih efektif
  dan efisien.

  Secara berkala, Direksi melakukan review terhadap aktivitas                 Periodically, the Board of Directors reviews the company’s
  sosial dan lingkungan perusahaan di dalam rapat Direksi                     social and environmental activities in Board of Directors
  bersama manajemen, maupun meninjau langsung kegiatan                        meetings with management, as well as directly reviewing
  yang berhubungan dengan aktivitas sosial dan lingkungan                     activities related to Erajaya’s social and environmental
  Erajaya.                                                                    activities.

  Penerapan sistem manajemen risiko dan pengendalian                          Implementation of a risk management system and internal
  internal menjadi bagian dari tata kelola yang efektivitasnya                control is part of governance whose effectiveness is
  terus ditingkatkan. Hal ini dilakukan agar proses pencapaian                continuously improving. This is carried out so that the process
  target-target operasional dapat terealisasi dengan baik guna                of achieving operational targets can be properly realized in
  menjaga keberlangsungan usaha Perseroan di masa depan.                      order to maintain the continuity of the Company’s business
                                                                              in the future.

  Kami telah memetakan profil risiko ESG yang relevan hingga                  We have mapped the relevant ESG risk profile until the end of
  akhir tahun 2023 dengan kegiatan usaha Erajaya sebagai                      2023 with Erajaya’s business activities, as follows:
  berikut:


        Topik | Topic                          Risiko | Risk                                                  Mitigasi | Mitigation


   Lingkungan            •   Penggunaan material plastik yang berlebihan di         •      Penggunaan kantong belanja ramah lingkungan.
   Environmental             gerai toko.                                                   Use of eco-friendly shopping bags.
                             Excessive use of plastic materials in outlets.
                                                                                    •      Efisiensi penggunaan listrik dan penggunaan alat elektronik.
                         •   Penggunaan energi listrik yang berlebihan di kantor           Efficiency in the use of electricity and electronic devices.
                             pusat.
                             Excessive use of electricity at the head office.

   Sosial                •   Keselamatan dan Kesehatan Kerja.                       •      Menerapkan program-program di bidang kesehatan untuk
   Social                    Occupational Health and Safety.                               karyawan seperti donor darah, general check-up berkala,
                                                                                           latihan keadaan darurat, dan pemeriksaan rutin kondisi alat
                         •   Pengaduan konsumen terkait produk dan layanan.                pemadam api ringan (APAR) di lingkungan kantor.
                             Consumer complaints regarding products and                    Implementing employee health programs such as blood
                             services.                                                     donations, periodic general check-ups, emergency drills,
                                                                                           as well as routine checks on the condition of light fire
                                                                                           extinguishers (APAR) in the office environment.

                                                                                    •      Meningkatkan product knowledge dan kompetensi teknis
                                                                                           karyawan khususnya frontliner secara berkelanjutan untuk
                                                                                           meningkatkan kapabilitas dalam menangani keluhan
                                                                                           pelanggan terkait produk dan layanan.
                                                                                           Continuously increase product knowledge and technical
                                                                                           competence of employees, especially frontliners, to increase
                                                                                           capability in handling customer complaints regarding
                                                                                           products and services.




2023 ANNUAL REPORT                                                                                    P T E R A J AYA S WA S E M B A D A T B K            251
Page 254
             ta n g g u n g j awa b s o s i a l & l i n g ku n g a n




      HUBUNGAN DENGAN
      PEMANGKU KEPENTINGAN                                                                                                       [POJK E.4]


      RELATIONSHIP WITH STAKEHOLDERS


      Kami memposisikan pemangku kepentingan sebagai salah                         We view stakeholders as a critical success factor in
      satu faktor penentu keberhasilan dalam menjalankan praktik                   implementing sustainable business practices. Therefore, we
      bisnis berkelanjutan. Oleh karena itu, kami berupaya menjalin                are making all possible efforts to establish a harmonious
      hubungan yang harmonis dengan melibatkan pemangku                            relationship with the stakeholders by involving them while
      kepentingan dan berupaya memenuhi ekspektasi dari                            meeting their diverse expectations.
      pemangku kepentingan.

      Kami membagi kelompok pemangku kepentingan dengan                            We are grouping our diverse stakeholders by applying
      memperhatikan pendekatan kedekatan dan urgensi. Bagi                         immediacy and urgency-based approaches. The stakeholders
      pemangku kepentingan, proses pelibatan pemangku                              will interpret our engagement process as a serious effort to
      kepentingan akan dimaknai sebagai upaya kami untuk                           meet their expectations.
      memenuhi harapan setiap pemangku kepentingan.

      Sedangkan bagi kami, interaksi dengan pemangku                               On the other hand, we see the interaction with stakeholders
      kepentingan akan menumbuhkan pemahaman yang memadai                          as one of the ways to foster an adequate understanding on
      dalam memenuhi harapan para pemangku kepentingan                             our part in meeting the aspirations of the stakeholders, using
      dengan menggunakan sumber daya yang dimiliki, dengan                         all the available resources in our possession in an appropriate
      cara yang tepat dan dapat dipertanggungjawabkan.                             and accountable manner.

      Kami telah mengidentifikasi kelompok pemangku kepentingan                    We have identified stakeholder groups and defined several
      dan menetapkan beberapa pendekatan untuk melibatkan                          approaches to engaging the stakeholder groups, as can be
      kelompok pemangku kepentingan tersebut, seperti yang                         seen in the table below.
      dapat dilihat pada tabel di bawah ini.


             Pemangku                                            Frekuensi Pelibatan
                                     Metode Pelibatan                                                      Perhatian Utama dan Ekspektasi
            Kepentingan                                             Frequency of
                                   Method of Engagement                                                        Interest and Expectation
            Stakeholders                                            Engagement


       Investor/ Pemegang        • RUPST                       • 1 (satu) kali setahun     • Pencapaian kinerja dan realisasi target operasional bisnis,
       Saham                     • RUPSLB                      • Sesuai kebutuhan          • Perubahan kepengurusan manajemen,
                                 • Paparan Publik              • Paling sedikit 1 (satu)   • Pembayaran dividen,
                                 • Laporan Tahunan dan           kali setahun              • Informasi yang akurat dan terkini terkait aksi korporasi dan
                                   Laporan Keberlanjutan       • 1 (satu) kali setahun       arahan strategis,
                                 • Laporan Keuangan                                        • Rencana dan reputasi perusahaan,
                                                               • Triwulanan dan            • Informasi material baik dari segi bisnis, tata kelola, dan
                                                                 tahunan                     dampak operasi terhadap lingkungan, masyarakat, dan
                                                                                             ekonomi selama tahun buku pelaporan.

       Investors/ Shareholders   • AGMS                        • 1 (one) time a year       • Achievement of performance and realization of business
                                 • EGMS                        • As needed                   operational targets,
                                 • Public Expose               • At least 1 (one) time     • Changes in management,
                                 • Annual and Sustainability     a year                    • Dividend payments,
                                   Report                      • 1 (one) time a year       • Accurate and up-to-date information regarding corporate
                                 • Financial Statements        • Quarterly and               actions and strategic directions,
                                                                 annually                  • Company plans and reputation,
                                                                                           • Material information both in terms of business, governance,
                                                                                             and the operational impact on the environment, society, and
                                                                                             the economy during the reporting year.




252       P T E R A J AYA S WA S E M B A D A T B K                                                                          L A P O R A N TA H U N A N 2 0 2 3
Page 255
                                                                                 social & environmental responsibility




         Pemangku                                          Frekuensi Pelibatan
                              Metode Pelibatan                                                     Perhatian Utama dan Ekspektasi
        Kepentingan                                           Frequency of
                            Method of Engagement                                                       Interest and Expectation
        Stakeholders                                          Engagement


   Konsumen/ Pelanggan    • Website                      • Setiap saat              • Kualitas dan keamanan produk,
                          • Media Sosial                 • Setiap saat              • Pengaduan konsumen atas produk dan layanan,
                          • Iklan di media cetak/        • Sesuai kebutuhan         • Informasi produk yang transparan.
                            media digital/media          • Sesuai kebutuhan
                            elektronik                   • 1 (satu) kali setahun
                          • Layanan konsumen
                          • Survei kepuasan
                            konsumen

   Consumers/ Customers   • Website                      • Every time               • Product quality and safety,
                          • Social Media                 • Every time               • Consumer complaints regarding products and services,
                          • Advertisements in print/     • As Needed                • Transparent product information.
                            digital media/ electronic    • As Needed
                            media                        • 1 (one) time a year
                          • Customer service
                          • Consumer satisfaction
                            survey


   Karyawan               • Townhall meeting             • Sesuai kebutuhan         • Program pengembangan kompetensi dan karier karyawan,
                          • Pelatihan                    • Sesuai kebutuhan         • Evaluasi kinerja karyawan,
                          • Seminar                      • Sesuai kebutuhan         • Remunerasi karyawan,
                          • Knowledge Sharing            • Sesuai kebutuhan         • Sarana dan fasilitas K3,
                          • Media komunikasi internal    • Sesuai kebutuhan         • Hubungan industrial yang harmonis,
                          • Employee Gathering           • 1 (satu) kali setahun    • Sosialisasi kebijakan, peraturan dan hal-hal lain yang
                                                                                      diperlukan dalam rangka mendukung kegiatan bisnis.

   Employee               • Townhall Meeting             • As Needed                • Employee competency and career development programs,
                          • Training                     • As Needed                • Employee performance evaluation,
                          • Seminar                      • As Needed                • Employee remuneration,
                          • Knowledge Sharing            • As Needed                • OHS facilities and infrastructure,
                          • Internal Communication       • As Needed                • Harmonious industrial relations,
                            Media                        • 1 (one) time a year      • Dissemination of policies, regulations, and other matters
                          • Employee Gathering                                        needed to support business activities.

   Regulator              • Pemenuhan atas               • Sesuai kebutuhan         Kepatuhan terhadap peraturan dan hukum yang berlaku.
                            kewajiban regulasi untuk     • Sesuai periode
                            industri ritel dan pasar       pelaporan yang telah
                            modal                          ditentukan
                          • Penyampaian laporan-
                            laporan publikasi berkala
                            maupun insidental sesuai
                            dengan peraturan yang
                            berlaku

   Regulators             • Fulfillment of regulatory    • As Needed                The compliance with applicable statutory regulations.
                            obligations for the retail   • In accordance with
                            industry and capital           a predetermined
                            market                         reporting period
                          • Submission of periodic
                            and incidental publication
                            reports in accordance
                            with applicable
                            regulations

   Mitra Usaha            • Kontrak dan perjanjian       • Sesuai kebutuhan         • Mekanisme kesepakatan bisnis secara fair,
                            kerja                        • Sesuai kebutuhan         • Transparansi,
                          • Sosialisasi kebijakan                                   • Termin pembayaran yang tepat waktu sesuai perjanjian kerja
                            internal terkait pengadaan                                sama.
                            barang dan jasa

   Business Partners      • Work contracts and           • As Needed                • Business agreement mechanism in a fair manner,
                            agreements                   • As Needed                ï Transparency,
                          • Dissemination of internal                               ï Timely payment terms according to the cooperation
                            policies related to the                                   agreement.
                            procurement of goods
                            and services

   Masyarakat             • Siaran pers                  Sesuai kebutuhan           • Pemberian bantuan kepada masyarakat sekitar melalui
                          ï Situs resmi                                               program CSR,
                                                                                    • Pembukaan lapangan pekerjaan bagi komunitas setempat,

   Public                 • Press Release                As Needed                  • Provision of assistance to surrounding communities through
                          • Official Site                                             CSR programs,
                                                                                    • Create job opportunities for local communities.




2023 ANNUAL REPORT                                                                                 P T E R A J AYA S WA S E M B A D A T B K        253
Page 256
            ta n g g u n g j awa b s o s i a l & l i n g ku n g a n




      PERMASALAHAN DALAM
      PENERAPAN KEUANGAN
      BERKELANJUTAN                                                     [POJK E.5]


      PROBLEMS ON THE APPLICATION OF
      SUSTAINABLE FINANCE

      Erajaya berupaya secara maksimal untuk menjalankan              Erajaya has made maximum efforts to carry out sustainable
      keuangan berkelanjutan sebagaimana diatur dalam POJK            finance as regulated in POJK 51/2017. In its implementation,
      51/2017. Dalam penerapannya, kami menghadapi kendala            we face obstacles and challenges mainly originating from
      dan tantangan terutama berasal dari faktor internal.            internal factors. To overcome those, we identify challenges
      Untuk mengatasinya, kami mengidentifikasi tantangan             and obstacles in each planned program, coordinate between
      dan hambatan pada setiap program yang direncanakan,             work units responsible for implementation, monitoring,
      melakukan koordinasi antar unit kerja yang bertanggung          and evaluation of work programs, and conduct training and
      jawab terhadap implementasi, monitoring dan evaluasi pada       outreach related to work programs related to sustainable
      program kerja, serta melakukan pelatihan maupun sosialisasi     finance.
      terkait dengan program kerja yang berkaitan dengan
      keuangan berkelanjutan.

      Tantangan dari sisi internal adalah masih harus ditingkatkan    The challenge from the internal side is that employees’
      kembali pemahaman karyawan mengenai isu lingkungan,             understanding of environmental, economic, and social issues
      ekonomi, sosial. Oleh karena itu Erajaya secara bertahap        still needs to be improved. Therefore, Erajaya is gradually
      melakukan internalisasi konsep dan praktik keuangan             internalizing the concepts and practices of sustainable
      berkelanjutan melalui pelatihan dan sosialisasi akan            finance through training and socializing the importance of
      pentingnya penerapan keuangan berkelanjutan kepada              implementing sustainable finance for all employees.
      seluruh karyawan.

      Selain itu, seiring dengan strategi ekspansi melalui            Apart from that, in line with the expansion strategy of
      pembukaan bisnis baru maupun gerai-gerai baru, kebutuhan        opening new businesses and outlets, the need for quality
      terhadap talenta yang berkualitas meningkat pesat dan           talent is increasing rapidly and becoming a challenge. One
      menjadi tantangan tersendiri. Salah satu inisiatif Erajaya      of Erajaya’s initiatives is to develop a vocational partnership
      adalah mengembangkan program kemitraan vokasi bekerja           program in collaboration with the Ministry of Education,
      sama dengan Kemendikbudristek dan Satuan Pendidikan             Culture, Research, and Technology, as well as the Vocational
      Vokasi. Melalui program tersebut, Erajaya memberikan            Education Unit. Through this program, Erajaya provides
      kesempatan bagi siswa sekolah kejuruan dan mahasiswa            opportunities for vocational school and vocational college
      perguruan tinggi vokasi untuk magang di jaringan bisnis         students to do internships in the Erajaya vertical business
      vertikal Erajaya dan setelah lulus, mereka berpeluang untuk     network, and after graduating, they have the opportunity to
      direkrut menjadi karyawan Grup Erajaya.                         be recruited as Erajaya Group employees.

      Erajaya akan terus mengingatkan pentingnya budaya               Erajaya will continue to remind employees of the importance
      berkelanjutan, secara internal bagi karyawan untuk dapat        of a sustainable culture internally to be able to improve a risk-
      meningkatkan budaya organisasi berbasis risiko, perilaku        based organizational culture and environmentally responsible
      bertanggung jawab terhadap lingkungan, seperti mengurangi       behavior, such as reducing the use of paper and plastic and
      penggunaan kertas, plastik, dan penghematan energi.             saving energy.




254      P T E R A J AYA S WA S E M B A D A T B K                                                        L A P O R A N TA H U N A N 2 0 2 3
Page 257
                                                                      social & environmental responsibility




  KEGIATAN MEMBANGUN
  BUDAYA KEBERLANJUTAN                                                                               [POJK F.1]


  ACTIVITIES IN BUILDING A SUSTAINABILITY
  CULTURE

  Keberlanjutan bagi Erajaya adalah memanfaatkan sumber           Sustainability for Erajaya is utilizing the resources we have
  daya yang kami miliki secara optimal dan terus berinovasi       optimally and continuing to innovate to create new resources
  menciptakan sumber daya dan peluang-peluang baru untuk          and opportunities to produce long-term and sustainable
  menghasilkan manfaat jangka panjang dan berkelanjutan,          benefits by considering environmental, social, and economic
  dengan mempertimbangkan aspek lingkungan, sosial, dan           aspects simultaneously.
  ekonomi secara bersamaan.

  Seluruh karyawan harus saling mendukung satu sama               All employees must support each other in implementing a
  lain untuk menerapkan budaya peduli lingkungan dan              culture of caring for the environment and working effectively
  bekerja dengan efektif dan efisien. Budaya keberlanjutan        and efficiently. This sustainability culture is expected to
  ini diharapkan tercermin dalam setiap perilaku karyawan         be reflected in every employee’s behavior so that the
  sehingga program-program keberlanjutan Erajaya yang telah       sustainability programs set out can be achieved.
  ditetapkan dapat tercapai.

  Kami menjalankan program untuk mencapai tujuan                  We implement programs to achieve sustainability goals in
  keberlanjutan secara beragam, namun pada dasarnya               various ways, but this basically refers to efforts to meet the
  mengacu pada upaya untuk memenuhi harapan pemangku              expectations of stakeholders that have been identified. Our
  kepentingan yang telah diidentifikasi. Program-program kami     programs include:
  meliputi:
  • Pelaksanaan tanggung jawab terhadap konsumen.                 •    Implementation of responsibilities to consumers.
  • Pelaksanaan program tanggung jawab sosial perusahaan          •    Implementation of corporate social responsibility (CSR).
     (CSR).
  • Pengelolaan lingkungan.                                       •    Environmental management.
  • Pengelolaan sumber daya manusia.                              •    Human resources management
  • Pengelolaan Keselamatan dan Kesehatan Kerja (K3).             •    Management of Occupational Health and Safety (OHS).

  Kami melakukan sosialisasi kebijakan dan budaya                 We communicate sustainability policies and culture to
  keberlanjutan kepada karyawan melalui berbagai media            employees through various internal communication channels,
  komunikasi internal, pelatihan online, dan lain-lain. Materi    online training, and other means. The socialization materials
  sosialisasi antara lain mengenai efisiensi penggunaan energi,   include energy, water, and paper use efficiency and updated
  air, dan kertas, dan informasi update mengenai program-         information on ongoing CSR programs.
  program CSR yang sedang berjalan.

  Kami memiliki LENTERA Erajaya Peduli sebagai program            We have LENTERA Erajaya Cares as the main program to
  induk untuk melaksanakan program-program sosial dan             carry out social and environmental programs that are directed,
  lingkungan yang terarah, tepat guna, tepat manfaat,             effective, beneficial, sustainable, and support measurable
  berkelanjutan, dan mendukung pencapaian SDG secara              achievement of the SDGs.
  terukur.




2023 ANNUAL REPORT                                                                    P T E R A J AYA S WA S E M B A D A T B K     255
Page 258
             ta n g g u n g j awa b s o s i a l & l i n g ku n g a n




           Profit
           Mendukung proses alur bisnis dan kebutuhan
           bisnis melalui peningkatan kompetensi guru dan
           siswa dalam bisnis inti kami.
           Support business flow process and business needs
           through competency improvement of teachers and
           students in our core business.
                                                                    A
                                                                ER
                                                            E NT AS
                                                           L   RD
                                                                                                                       Profit
                                                             CE didikan                                                Menjamin kehidupan yang sehat
                                                               Pen cation                                              dan meningkatkan kesejahteraan
                                                                 Edu                                                   masyarakat dari segala usia.
                                                                                                                       Ensure healthy lives and promote
                                                                                                                       the community well-being of all




                                                                                                     LE HAT
                                                                                                                       ages.




                                                                                                       SE ehatan
                                                                                                       NT
                                                                                                 Kes alth



                                                                                                          ER
                                                                                                    He




                                                                                                             A
                                               LE
                                        KA dayaant
                                                 N T IH
                                        Pem owerm
                                         Em
                                           ber
                                            p


                                            S
                                                    ER
                                                       A




      People
                                                  en




      Mendorong pemberdayaan
      potensi masyarakat lokal untuk
                                                                                     A
      menghasilkan pendapatan.                                                   ER
                                                                             ENT U
      Encourage the empowerment                                             L     A
      of local community potential to                                          HIJ ungan t
      generate income.                                                             gk     n
                                                                                Lin ontme
                                                                                     ir
                                                                                 Env

                                                                                              Planet
                                                                                              Mengembangkan kawasan hutan sebagai
                                                                                              pusat reboisasi dan model pendidikan
                                                                                              berbasis lingkungan dengan melibatkan
                                                                                              masyarakat.
                                                                                              Develop forest area as reforestation centers
                                                                                              and environmental-based education models
                                                                                              by involving the community.




          Lentera Cerdas
          Kami ingin ikut berkontribusi meningkatkan kualitas pendidikan     We are eager to contribute to improving the quality of education
          dengan menyediakan akses pendidikan yang lebih luas bagi           by providing wider access to education for the community.
          masyarakat. Sejak beberapa tahun terakhir, kami telah bekerja      Since the last few years, we have been collaborating with the
          sama dengan Kementerian Pendidikan, Kebudayaan, Riset,             Ministry of Education, Culture, Research, and Technology in
          dan Teknologi dalam program yang bertujuan peningkatan             a program aimed at increasing the competency of Vocational
          kompetensi siswa Satuan Pendidikan Vokasi (SPV), termasuk          Education Unit (SPV) students, which included holding various
          menyelenggarakan berbagai kegiatan kerja sama dengan SPV           collaborative activities with SPV such as the HerVocational
          seperti talk show HerVocational, Hiring Corner, dan stand          talk show, Hiring Corner, and a stand to showcase the work of
          untuk memamerkan karya siswa SMK.                                  vocational school students.

          Pada tahun 2023, kami menginisiasi program reuse gadget            In 2023, we initiated a gadget reuse program to be donated to
          untuk dimanfaatkan siswa SPV dari keluarga pra-sejahtera           SPV students from underprivileged families to support their
          untuk mendukung kegiatan belajar mereka.                           learning activities.


          Lentera Cerdas mendukung pencapaian SDG
          Lentera Cerdas supports the achievement of SDGs:




256       P T E R A J AYA S WA S E M B A D A T B K                                                                     L A P O R A N TA H U N A N 2 0 2 3
Page 259
                                                                     social & environmental responsibility




    Lentera Sehat
    Kami berupaya meningkatkan kualitas kesehatan bagi             We strive to improve the quality of health for vulnerable and
    kelompok masyarakat rentan dan berisiko. Program Lentera       at-risk community groups. The Lentera Sehat program that
    Sehat yang kami lakukan pada tahun 2023 adalah penyediaan      we carried out in 2023 was to provide clean water facilities
    sarana air bersih bagi masyarakat Desa Tileng, Kabupaten       for the people of Tileng Village, Gunung Kidul Regency, DI
    Gunung Kidul, DI Yogyakarta.                                   Yogyakarta.

    Lentera Cerdas mendukung pencapaian SDG
    Lentera Cerdas supports the achievement of SDGs:




    Lentera Kasih
    Inisiatif pemberdayaan masyarakat antara lain direalisasikan   Community empowerment initiatives were realized, among
    melalui program Wanatani, yaitu program pendampingan           other things, through the Wanatani program, which is a
    bagi masyarakat sekitar hutan Wana Erajaya untuk bertani       mentoring program for communities around the Wana Erajaya
    sayuran dan tanaman produktif lainnya, beternak lebah madu,    forest to farm vegetables and other productive crops, raise
    hingga mengolah hasil panen menjadi produk yang bernilai       honeybees, and process harvests into value-added products.
    tambah. Erajaya berencana memfasilitasi pemasaran produk       Erajaya plans to facilitate the marketing of program products
    hasil program melalui platform marketplace, acara-acara        through marketplace platforms, bazaar/exhibition events,
    bazar/pameran, kegiatan business matching, dan kegiatan        business matching activities, and other activities.
    lainnya.

    Lentera Cerdas mendukung pencapaian SDG
    Lentera Cerdas supports the achievement of SDGs:




    Lentera Hijau
    Perhatian kami pada aspek lingkungan kami tunjukkan            We have demonstrated our attention to environmental
    melalui kegiatan konservasi dan rehabilitasi hutan Wana        aspects through conservation and rehabilitation activities of
    Erajaya di Rumpin, Kabupaten Bogor sejak 5 tahun lalu.         the Wana Erajaya forest in Rumpin, Bogor Regency, since 5
    Hutan seluas kurang lebih 6 hektar tersebut ini telah rimbun   years ago. Today, this approximately 6-hectare lush green
    menghijau, menjadi tujuan wisata edukasi bagi pelajar, dan     forest has become an edutourism destination for students and
    dimanfaatkan oleh masyarakat setempat untuk aktivitas          is used by the local community for forest farming activities that
    pertanian hutan yang memberikan manfaat ekonomi. Setelah       generate economic benefits. After the rehabilitation program
    program rehabilitasi dinilai berhasil, pada tahun 2023,        was deemed successful, in 2023, Erajaya handed back the
    Erajaya menyerahkan kembali pengelolaan hutan tersebut         management of the forest to the Ministry of Environment
    kepada Kementerian LHK dan masyarakat untuk dikelola           and Forestry and the community to be managed and utilized
    dan dimanfaatkan sebesar-besarnya bagi kesejahteraan           as much as possible for the welfare of the surrounding
    masyarakat sekitar.                                            community.

    Lentera Cerdas mendukung pencapaian SDG
    Lentera Cerdas supports the achievement of SDGs:




2023 ANNUAL REPORT                                                                      P T E R A J AYA S WA S E M B A D A T B K       257
Page 260
        ta n g g u n g j awa b s o s i a l & l i n g ku n g a n




                                                                  images




258   P T E R A J AYA S WA S E M B A D A T B K                             L A P O R A N TA H U N A N 2 0 2 3
Page 261
                                                    social & environmental responsibility




                     MEMBERIKAN MANFAAT
                     YANG OPTIMAL BAGI
                     PEMEGANG SAHAM
                     PROVIDING OPTIMAL BENEFITS TO
                     SHAREHOLDERS




                     Erajaya mengembangkan portofolio usaha yang
                     dikelompokkan dalam 4 (empat) bisnis vertikal
                     yaitu Erajaya Digital, Erajaya Active Lifestyle,
                     Erajaya Beauty & Wellness dan Erajaya Food &
                     Nourishment.

                     Erajaya is developing a business portfthat is grouped into 4 (four)
                     vertical businesses, namely Erajaya Digital, Erajaya Active Lifestyle,
                     Erajaya Beauty & Wellness,lness and Erajaya Food & Nourishment.




2023 ANNUAL REPORT                                                P T E R A J AYA S WA S E M B A D A T B K   259
Page 262
            ta n g g u n g j awa b s o s i a l & l i n g ku n g a n




      Erajaya terus memperluas jaringan bisnis yang sudah ada                   Erajaya continues to expand its existing business network
      dan menambah bisnis dan brand baru untuk memperkuat                       and add new businesses and brands in order to strengthen
      portofolio setiap bisnis vertikal yang dimiliki. Pada tahun               the portfolio of each vertical business. In 2023, Erajaya
      2023, Erajaya membuka 629 gerai baru yang tersebar di                     opened 629 new stores spread across all vertical businesses.
      semua bisnis vertikal. Sampai dengan akhir tahun 2023,                    At the end of 2023, Erajaya had 2,049 stores throughout
      Erajaya memiliki 2,049 gerai yang tersebar di Indonesia,                  Indonesia, Malaysia, and Singapore, supported by more than
      Malaysia, dan Singapura, yang didukung 97 pusat distribusi,               90 distribution centers and approximately 70,000 resellers.
      serta sekitar 70.000 reseller.

      Kami menjaga momentum pertumbuhan melalui strategi                        We maintain growth momentum with innovative and out-of-
      yang inovatif dan out of the box. Setiap bisnis vertikal                  the-box strategies. Each vertical business offers diversified
      memiliki produk yang beragam dengan rentang harga yang                    products at different price ranges, enabling Erajaya to serve
      berbeda-beda sehingga Erajaya dapat melayani semua                        all customer segments. This ultimately has a positive impact
      segmen pelanggan. Hal ini pada akhirnya berdampak positif                 on business development, particularly in terms of accelerating
      terhadap pengembangan bisnis terutama dari sisi akselerasi                sales growth and sustainable profitability in the future.
      pertumbuhan penjualan dan profitabilitas yang berkelanjutan
      di masa mendatang.

      Perseroan berhasil menjaga konsistensi pertumbuhan                        The Company successfully maintained growth consistency
      dengan capaian pendapatan bersih sebesar Rp60,1 triliun,                  with a net revenue achievement of Rp60.1 trillion, up 21.6%
      naik 21,6% dari Rp49,5 triliun pada tahun 2022. Laba bruto                from Rp49.5 trillion in 2022. Gross profit grew by 20.3% to
      tercatat tumbuh 20,3% menjadi Rp6,45 triliun dengan                       Rp6.45 trillion, with a gross profit margin of 10.7%. Net profit
      marjin laba bruto sebesar 10,7%. Laba setelah pajak yang                  attributable to owners of the parent company amounted to
      diatribusikan kepada pemilik entitas induk tercatat sebesar               Rp826.1 billion in 2023.
      Rp826,1 miliar sepanjang tahun 2023.

      Dalam 5 tahun terakhir, Erajaya mengalami pertumbuhan                     Over the past 5 years, Erajaya has experienced rapid growth
      yang pesat dengan tingkat pertumbuhan tahunan majemuk                     with compound annual growth rates (CAGR) of net revenue
      (Compound Annual Growth Rate/CAGR) pendapatan bersih                      and net profit of 111.6% and 100.2%, respectively, indicating
      dan laba bersih masing-masing sebesar 111,6% dan 100,2%                   Erajaya’s financial performance is growing sustainably and
      mengindikasikan kinerja finansial Erajaya tumbuh secara                   providing a solid foundation to support future business
      berkesinambungan serta menjadi landasan yang kokoh untuk                  growth.
      mendukung pertumbuhan bisnis di masa mendatang.




                                                       PERTUMBUHAN PENJUALAN NETO DAN LABA BERSIH
                                                                Net Sales and Net Income Growth
                                                                 (dalam Rp miliar | in Rp billion


                                        70.000                                                                                    1.200

                                        60.000                                                                                    1.000

                                        50.000
                                                                                                                                  800
                                        40.000
                                                                                                                                  600
                                        30.000
                                                                                                                                  400
                                        20.000

                                        10.000                                                                                    200

                                             -                                                                                    0

                                                        2019            2020            2021           2022            2023


                         Penjualan Neto             32.944,90         34.113,45      43.466,98       49.471,48      60.139,41

                         Laba Bersih                  325,58           671,17         1.117,92       1.076,56         856,86




260      P T E R A J AYA S WA S E M B A D A T B K                                                                  L A P O R A N TA H U N A N 2 0 2 3
Page 263
                                                                      social & environmental responsibility




  PERBANDINGAN ANTARA TARGET DAN REALISASI                          TARGET VS REALIZATION COMPARISON
  [POJK F.2]                                                        [POJK F.2]
  Saat ini Perseroan tidak mengungkapkan target-target              Currently, the Company does not disclose financial targets
  keuangan kepada publik mempertimbangkan tingkat                   to the public, considering the intense level of competition in
  kompetisi yang ketat di pasar. Pada tahun 2023, Perseroan         the market. In 2023, the Company endeavored to maintain
  berupaya untuk menjaga momentum pertumbuhan meskipun              growth momentum despite various external challenges that
  berbagai tantangan eksternal dapat berpotensi menjadi             could potentially pose threats. Through the implementation
  ancaman. Melalui implementasi berbagai strategi inovatif          of various innovative strategies in 2023, the Company was
  yang diterapkan sepanjang tahun 2023, Perseroan dapat             able to increase net sales by 21.6% compared to the previous
  meningkatkan penjualan neto sebesar 21,6% dibandingkan            year.
  tahun sebelumnya.

  PELUANG DAN TANTANGANG                                            OPPORTUNITIES AND CHALLENGES
  Permintaan akan produk smartphone semakin beragam                 The demand for smartphones is increasingly leaning
  dengan perangkat yang memiliki fitur, spesifikasi, teknologi      towards devices with more advanced features, specifications,
  yang lebih canggih, serta desain yang futuristik. Hal ini         technology, and futuristic designs. This intensifies the
  menjadikan tingkat kompetisi antar brand semakin ketat dan        competition among brands, and the lifespan of consumer
  masa pakai smartphone konsumen semakin pendek karena              smartphones becomes shorter because consumers are
  konsumen menunggu kemunculan tipe/model baru dengan               waiting for the emergence of new types/models with more
  fitur yang lebih menarik. Erajaya menangkap fenomena ini          attractive features. Erajaya seized this phenomenon as an
  sebagai peluang untuk memenuhi ekspektasi pelanggan               opportunity to meet customer expectations by presenting
  dengan menghadirkan tipe dan seri smartphone dengan               smartphone types and series with larger internal memory
  kapasitas memori internal lebih besar, prosesor lebih cepat       capacity, faster, more reliable processors, more sophisticated
  andal, fitur lebih canggih, dan lebih user friendly.              features, and more user-friendliness.

  Dalam mengeksekusi ekspansi bisnis vertikal, Erajaya harus        In executing vertical business expansion, Erajaya must be
  mampu dan cepat menyesuaikan operasi bisnis barunya               able to quickly adapt its new business operations to the
  dengan regulasi yang berlaku pada masing-masing industri.         regulations applicable in each industry. Each region has
  Setiap daerah memiliki regulasi yang berbeda dalam hal            different regulations regarding business, taxes, and licensing.
  bisnis, pajak, dan perizinan. Perseroan harus memahami            The Company must understand all legal requirements
  semua persyaratan hukum dan regulasi yang berlaku serta           and regulations and ensure compliance with all applicable
  memastikan bahwa Perseroan telah mematuhi semua                   provisions.
  ketentuan yang berlaku.

  Ekspansi bisnis juga membutuhkan alokasi sumber daya              Business expansion also requires human capital allocation.
  manusia. Saat ini akuisisi talenta menjadi tantangan tersendiri   Currently, talent acquisition poses its own challenges, as
  karena sejumlah kompetitor juga melakukan rekrutmen untuk         several competitors are also recruiting to support business
  mendukung pengembangan usaha. Namun citra, rekam jejak,           development. Nonetheless, Erajaya Group’s image, track
  dan reputasi Grup Erajaya yang sudah dikenal di industrinya       record, and reputation, which are well-known in the industry,
  menjadi nilai tambah di pasar tenaga kerja.                       add value to the labor market.

  Penjelasan lengkap mengenai kinerja keuangan Erajaya              A comprehensive description of Erajaya’s financial
  disajikan pada bab “Tinjauan Kinerja Keuangan”.                   performance is provided in the “Financial Performance
                                                                    Review” section.




2023 ANNUAL REPORT                                                                     P T E R A J AYA S WA S E M B A D A T B K       261
Page 264
        ta n g g u n g j awa b s o s i a l & l i n g ku n g a n




262   P T E R A J AYA S WA S E M B A D A T B K                    L A P O R A N TA H U N A N 2 0 2 3
Page 265
                                                  social & environmental responsibility




                     BERKOMITMEN UNTUK
                     MENJAGA LINGKUNGAN
                     YANG LESTARI
                     COMMITTED TO MAINTAINING A SUSTAINABLE
                     ENVIRONMENT




                     Pelestarian lingkungan hidup harus dimulai dari
                     setiap individu dengan menumbuhkan kesadaran
                     akan pentingnya lingkungan yang lestari bagi
                     masa depan kehidupan manusia.

                     Environmental preservation should start from every individual by
                     raising awareness of the importance of a sustainable environment for
                     the future of human life.




2023 ANNUAL REPORT                                              P T E R A J AYA S WA S E M B A D A T B K   263
Page 266
            ta n g g u n g j awa b s o s i a l & l i n g ku n g a n




      10,4                                                                       11,5
                                INTENSITAS ENERGI                                                         CO 2 METER
                      %         Energy Intensity
                                Intensitas energi pada tahun 2023
                                                                                                %         Co2 Meter
                                                                                                          Intensitas emisi turun 11,5% dari 0,020
                                sebesar 0,101 GJ per juta Rp, turun 10,4%                                 ton CO2-eq per juta Rp pada 2022 menjadi
                                dibandingkan 0,112 GJ per juta Rp pada                                    0,018 ton CO2-eq per juta Rp pada 2023
                                tahun 2022 mengindikasikan penggunaan
                                                                                                          The intensity of emissions down 11.5%
                                energi yang lebih efisien per satuan
                                                                                                          from 0.020 ton CO2-eq per Rp million in
                                penjualan neto Erajaya.
                                                                                                          2022 to 0.018 tons CO2-eq per Rp million
                                Energy intensity in 2023 was 0.101 GJ per                                 in 2023.
                                Rp million, down 10.4% compared to 0.112
                                GJ per Rp million in 2022 indicates more
                                efficient energy use per unit of Erajaya’s
                                net sales.




               Rp
                      106,16                                           JUTA
                                                                       Million



               Biaya Lingkungan [POJK F.4]
               Environmental Costs [POJK F.4]

              Komitmen pengelolaan dan pelestarian lingkungan                    The commitment to environmental management and
              hidup terwujud melalui realisasi biaya lingkungan setiap           preservation is realized through the realization of
              tahun. Kami belum menghitung biaya pengelolaan                     environmental costs every year. We have not calculated
              lingkungan yang tekait dengan operasional perusahaan               environmental management expenses related to
              seperti pengelolaan limbah dan penggunaan material                 company operations, such as waste management and
              hemat energi. Biaya lingkungan pada tahun 2023                     the use of energy-saving materials. Environmental costs
              terutama adalah biaya program CSR di bidang                        in 2023 were mainly the costs of CSR programs in the
              lingkungan yang meliputi Program Konservasi Lahan                  environmental sector, which include the Wana Erajaya
              Wana Erajaya di Rumpin, Bogor.                                     Land Conservation Program in Rumpin, Bogor.




      Pandemi COVID-19 yang melanda dunia selama hampir tiga                     The COVID-19 pandemic, which has struck the world for
      tahun telah membawa banyak perubahan paradigma cara                        almost three years, has brought about many paradigm shifts
      berpikir manusia terhadap aspek lingkungan.                                in the way humans think about environmental aspects.

      Kesadaran masyarakat terhadap lingkungan yang sehat,                       Public awareness of a healthy environment and concern for
      kepedulian untuk berperan dalam mengatasi krisis perubahan                 playing a role in addressing the climate change crisis and
      iklim dan tantangan iklim secara umum, meningkat pesat.                    climate challenges in general are increasing rapidly. People
      Masyarakat lebih berkomitmen untuk mengubah perilaku                       are more committed to changing their own behavior to
      mereka demi memajukan keberlanjutan.                                       advance sustainability.




264      P T E R A J AYA S WA S E M B A D A T B K                                                                   L A P O R A N TA H U N A N 2 0 2 3
Page 267
                                                                 social & environmental responsibility




  Masyarakat kini lebih sadar bahwa aktivitas manusia yang      The public is now more aware that human activities that
  memicu perubahan iklim dan menyebabkan degradasi              trigger climate change and cause environmental degradation,
  lingkungan, pada gilirannya, juga mengancam manusia.          in turn, threaten humans. Environmental issues are as
  Permasalahan lingkungan hidup sama mengkhawatirkannya         concerning as, or more concerning than, health issues.
  dengan, atau lebih memprihatinkan dibandingkan masalah
  kesehatan.

  Masyarakat ingin melihat tindakan agresif di bidang           People want to see aggressive action on the environmental
  lingkungan hidup. Rencana pemulihan ekonomi harus             front. Economic recovery plans should make environmental
  menjadikan isu lingkungan sebagai prioritas. Pada tingkat     issues a priority. Individually, they intend to adopt a more
  individu, mereka berniat menerapkan gaya hidup yang lebih     sustainable lifestyle in the future. Among the top actions that
  berkelanjutan di masa depan. Beberapa tindakan utama yang     are popularly taken more consistently are reducing household
  populer dilakukan secara lebih konsisten adalah mengurangi    energy consumption, increasing recycling and composting of
  konsumsi energi rumah tangga, meningkatkan daur ulang         domestic waste, and buying locally produced goods.
  dan pengomposan sampah domestik, serta membeli barang-
  barang produksi lokal.

  Meningkatnya komitmen terhadap keberlanjutan mempunyai        The increased commitment to sustainability has major
  implikasi besar bagi dunia usaha dan pemerintah. Ekspektasi   implications for business and government. Public expectations
  masyarakat kepada pelaku usaha agar mengintegrasikan          for businesses to integrate environmental concerns into their
  kepedulian terhadap lingkungan ke dalam produk, layanan,      products, services, and business operations continue to
  dan operasi bisnis terus meningkat.                           increase.

  MEMULAI DARI LANGKAH KECIL TAPI NYATA                         STARTING FROM SMALL BUT TANGIBLE STEPS
  Usaha-usaha pelestarian lingkungan tidak hanya dapat          Not only in a large, complicated, and expensive way,
  dilakukan dengan cara yang besar, rumit dan mahal, tetapi     environmental preservation efforts can also be conducted by
  juga dengan melakukan hal-hal kecil dan sederhana.            doing small and simple things.




  Mengelola limbah dengan tepat dan
  sesuai aturan agar tidak mencemari
  lingkungan.

  Manage waste appropriately and                                                            Menghemat penggunaan kertas.
  according to regulations so as not                                                         Reducing paper usage.
  to pollute the environment.




  Menanam pohon pada                                                                             Menanam dan merawat
  lahan-lahan yang kritis,                                                                       pohon di lingkungan sekitar.
  tandus dan gundul, serta
  meminimalkan penebangan                                                                      Planting and nurturing trees in
  pohon untuk menjaga                                                                         the surrounding.
  kelestarian hutan, daerah
  serapan dan sumber air serta
  fauna yang ada di dalamnya.

  Planting trees on critical,
                                                                                                   Menghemat penggunaan
  desolate, and bare land,
                                                                                                    listrik, air, dan bahan
  and redcing tree cutting
                                                                                                     bakar minyak (BBM).
  to preserve forests,
  absorption areas and                                                                               Saving the use of
  water sources as well as                                                                           electricity, water, and fuel
  the fauna in them.                                                                                oil (BBM).




2023 ANNUAL REPORT                                                                 P T E R A J AYA S WA S E M B A D A T B K         265
Page 268
            ta n g g u n g j awa b s o s i a l & l i n g ku n g a n




      Saat ini tuntutan masyarakat global agar korporasi                          Currently, the global demand for corporations to carry
      menjalankan aktivitas bisnis berorientasi keberlanjutan                     out sustainability-oriented business activities through the
      melalui penerapan prinsip-prinsip ESG semakin kuat dan                      implementation of ESG principles is getting stronger and
      akan mengubah lanskap bisnis korporasi. Tekanan juga                        will change the corporate business landscape, especially
      datang dari lembaga pendanaan. Baik domestik maupun                         for those engaged in the energy sector. Pressure also comes
      internasional, serta investor obligasi, yang semakin selektif               from funding agencies. Both domestic and international
      dalam memberikan dukungan pendanaan investasi di tengah                     investors, including bond investors, are increasingly selective
      meningkatnya kesadaran terhadap dampak lingkungan dan                       in providing investment funding support amid increasing
      perubahan iklim.                                                            awareness of environmental impacts and climate change.

      Di dunia usaha, faktor ESG semakin menjadi pertimbangan                     In the business world, ESG factors are increasingly being
      dalam keputusan investasi. Para pelaku usaha telah                          considered in investment decisions. Business actors have
      memahami bahwa di dalam aspek-aspek ESG terdapat nilai                      understood that in the ESG aspects, there is a profitable
      finansial yang menguntungkan melalui penurunan biaya                        financial value through reduced operational costs as a result
      operasional sebagai dampak dari efisiensi penggunaan listrik,               of the efficient use of electricity, fuel, water, and consumable
      BBM, air, dan peralatan kantor habis pakai.                                 office equipment.

      Sebagai korporasi yang bertanggung jawab, Erajaya terus                     As a responsible corporation, Erajaya continues to carry out
      melakukan berbagai inisiatif untuk berpartisipasi dalam                     various initiatives to participate in the global community
      gerakan masyarakat global untuk melestarikan bumi. Kami                     movement to preserve the earth. We started with small
      memulainya dengan langkah-langkah kecil namun nyata.                        but tangible steps. Campaigns to increase awareness of
      Kampanye untuk meningkatkan kesadaran peduli lingkungan                     environmental care continue to be carried out in the office
      terus dilakukan di lingkungan kantor. Kami menerapkan                       environment. We implement various policies related to the
      berbagai kebijakan terkait efisiensi penggunaan listrik, air, dan           efficient use of electricity, water, and air conditioning. We
      pendingin udara. Secara terus-menerus kami menghimbau                       continually urge employees to be wise in using paper, as well
      karyawan untuk bijak dalam menggunakan kertas, serta                        as take other simple steps.
      langkah-langkah sederhana lainnya.




      SAVE THE PAPER
                                                                      Sejak tahun 2021, kami memulai inisiatif mengurangi konsumsi kertas
                                                                      melalui berbagai cara, seperti mengoptimalkan penggunaan kertas bekas

      s av e t h e t r e e                                            dokumen yang tidak bersifat rahasia untuk dimanfaatkan kembali pada sisi
                                                                      lainnya yang masih kosong untuk keperluan internal. Kami mengaplikasikan
                                                                      konsep paperless office dengan mengoptimalkan penggunaan platform
                                                                      digital untuk aktivitas administrasi kantor termasuk digital approval. Kami
                                                                      memanfaatkan Whatsapp, e-mail, atau QR Code untuk distribusi informasi
                                                                      promosi kepada pelanggan. Di dalam proses transaksi toko dengan
                                                                      konsumen, kami menggunakan kuitansi elektronik (e-receipt) yang dikirim
                                                                      langsung ke e-mail konsumen. Kami berharap, dalam beberapa tahun ke
                                                                      depan, inisiatif ini dapat menghasilkan pengurangan biaya yang bermakna.

                                                                      Since 2021, we have started an initiative to reduce paper consumption in
                                                                      various ways, such as optimizing the use of non-confidential document
                                                                      wastepaper to be reused on the blank side for internal purposes. We apply
                                                                      the paperless office concept by optimizing the use of digital platforms
                                                                      for various office administration and correspondence activities. We utilize
                                                                      Whatsapp, e-mail, or QR Code for the distribution of promotional information
                                                                      to customers. In the process of shop transactions with consumers, we use
                                                                      e-receipts which are sent directly to the consumer’s e-mail. We hope that,
                                                                      in the next few years, this initiative will generate significant cost reduction.




      Konsumsi Kertas | Paper Consumption
      (Rim | Ream)
                          2021                                             2022                                            2023


                         1.172                                            2.204                                            644




266      P T E R A J AYA S WA S E M B A D A T B K                                                                     L A P O R A N TA H U N A N 2 0 2 3
Page 269
                                                                              social & environmental responsibility




  PENGGUNAAN MATERIAL RAMAH LINGKUNGAN                                       EVIRONMENTAL FRIENDLY MATERIAL
  [POJK F.5]                                                                 CONSUMPTION [POJK F.5]
  Erajaya belum mengidentifikasi penggunaan material ramah                   Erajaya has not identified the use of environmentally friendly
  lingkungan di seluruh rantai pasok kami. Tetapi salah satu                 materials throughout our supply chain. However, using eco-
  upaya kami dalam menjaga lingkungan adalah menggunakan                     materials is one of our efforts to protect the environment.
  material yang ramah lingkungan (eco-material). Untuk                       To reduce plastic waste generation, in the last few years, all
  mengurangi timbulan limbah plastik, dalam beberapa tahun                   Erajaya outlets have replaced plastic bags with cloth bags
  terakhir semua gerai Erajaya sudah mengganti kantong platik                made from materials that can decompose in nature.
  dengan tas kain yang terbuat dari material yang dapat terurai
  di alam.

  Kami juga mengimbau karyawan untuk mengurangi                              We also encourage employees to reduce the use of single-
  penggunaan plastik sekali pakai di lingkungan kantor dengan                use plastic in the office environment by always bringing their
  selalu membawa tempat minum masing-masing sebagai                          own tumbler as a form of support for zero-waste landfills.
  bentuk dukungan terhadap zero waste landfill.




  ASPEK ENERGI
  ENERGY

  JUMLAH ENERGI YANG DIGUNAKAN [POJK F.6]                                    AMOUNT OF THE ENERGY CONSUMED [POJK F.6]
  Penggunaan energi dalam aktivitas operasional Erajaya                      The use of energy in Erajaya’s operations is primarily the
  terutama adalah energi listrik dari PLN dan bahan bakar                    use of electricity supplied from PLN and fuel oil (BBM) for
  minyak (BBM) untuk kendaraan operasional. Kami berupaya                    operational vehicles. We seek to use energy efficiently
  menggunakan energi secara efisien dengan menyiapkan                        by preparing systems, facilities, and infrastructure to
  sistem, sarana dan prasarana untuk menekan biaya                           reduce operational expenses related to electricity and fuel
  operasional yang berhubungan dengan konsumsi listrik dan                   consumption.
  BBM.

  Jumlah konsumsi energi tahun 2023 sebesar 6.052 gigajoule                  Total energy consumption in 2023 was 6.052 gigajoules (GJ),
  (GJ), naik 8,9% dibandingkan 5.559 GJ pada tahun 2022                      an increase of 8.9% compared to 5.559 GJ in 2022, in line
  sejalan dengan peningkatan aktivitas usaha Erajaya.                        with the increase in Erajaya’s business activities.


                 Energi                       Satuan
                                                                   2021                  2022                 2023            2023 vs 2022
                 Energy                        Unit


   Listrik                                     KWh              1.539.756             1.377.476            1.468.572
   Electricity                                                                                                                    6,6%
                                                GJ                   6.159                5.510                5.874

   BBM                                         Liter                 1.720                1.484                5.400
   Fuel                                                                                                                        263,9%
                                                GJ                     57                    49                  178

   Jumlah Konsumsi Energi                       GJ                   6.216                5.559                6.052
                                                                                                                                  8,9%
   Total Energy Consumption

   Catatan:
   Faktor konversi menggunakan standar IPCC (UNEP) 2006, GHG Protocol (WBCSD, WRI), ISO 14064
   • Listrik 1 kWh = 0,0036 GJ
   • BBM (bensin) 1 liter = 0,033 GJ

   Notes:
   Conversion factors using the IPCC standard (UNEP) 2006, GHG Protocol (WBCSD, WRI), ISO 14064
   • 1 kWh of electricity = 0.0036 GJ
   • 1 liter of gasoline = 0.033 GJ




2023 ANNUAL REPORT                                                                                P T E R A J AYA S WA S E M B A D A T B K    267
Page 270
             ta n g g u n g j awa b s o s i a l & l i n g ku n g a n




      INTENSITAS ENERGI [POJK F.6]                                              ENERGY INTENSITY [POJK F.6]
      Intensitas energi menunjukkan tingkat efisiensi pemakaian                 Energy intensity shows the level of efficiency in energy use
      energi yang digunakan untuk setiap satuan metrik produk                   for each metric unit of product produced. This ratio describes
      yang dihasilkan. Rasio ini menjelaskan besarnya energi yang               the amount of energy required per unit of output (product).
      diperlukan per unit keluaran (produk).

      Kami menghitung intensitas energi dari jumlah konsumsi                    We calculate energy intensity by dividing the total energy
      energi yang digunakan dibagi dengan penjualan neto (miliar                consumption by net sales (billions of Rp). The lower the
      Rp). Semakin rendah nilai intensitas energi menunjukkan                   energy intensity value, the more efficient energy use is in
      pemakaian energi yang semakin efisien terhadap aktivitas                  Erajaya’s sales operation activities. In 2023, total energy
      operasional penjualan Erajaya. Pada tahun 2023, jumlah                    intensity decreased by 10.4%, from 0.112 to 0.101.
      intensitas energi turun 10,4% dari 0,112 menjadi 0,101.


                 Intensitas Energi                 Satuan
                                                                       2021                  2022                2023            2023 vs 2022
                  Energy Intensity                  Unit


       Jumlah Konsumsi Energi                        GJ                        6.216                 5.559               6.052
                                                                                                                                            8,9%
       Total Energy Consumption

       Penjualan Neto                             juta Rp                     43.467                49.471              60.139
                                                                                                                                           21,6%
       Net Sales                                 Rp million

       Intensitas Energi                         GJ/juta Rp                    0,143                 0,112               0,101
                                                                                                                                           -10,4%
       Energy Intensity                         GJ/Rp million



      INISIATIF EFISIENSI ENERGI [POJK F.7]                                     ENERGY EFFICIENCY INITIATIVE [POJK F.7]
      Program-program efisiensi energi dimulai dari kegiatan                    Energy efficiency programs started with activities to build
      yang bersifat membangun budaya efisien seluruh insan                      an efficient culture for all Erajaya people, such as replacing
      Erajaya, mengganti sistem penerangan dengan LED yang                      lighting systems with low-power LEDs, regulating the use of
      berdaya rendah, pengaturan pemakaian peralatan listrik, dan               electrical equipment, and so on.
      sebagainya.




                                                                         ENERGY
                                                                         efficiency

                • Memasang lampu LED yang lebih hemat energi di                 • Installing more energy efficient LED lights in all
                  semua area ruangan,                                             room areas,
                • Pemadaman lampu kantor dan pendingin udara                    • Automatically turning off office lighting an air
                  secara otomatis pada jam istirahat makan siang dan              conditioner during lunch breaks and after office
                  setelah jam kantor berakhir,                                    hours,
                • Pengaturan penggunaan lift,                                   • Setting the use of lifts,
                • Memanfaatkan pencahayaan dari luar di siang hari              • Utilizing natural light from outside during the day in
                  untuk mengurangi jumlah pemakaian lampu,                        order to reduce the number of lamps used,
                • Menggunakan peralatan listrik yang hemat energi               • Using energy-efficient electrical equipment with
                  berteknologi inverter,                                          inverter technology,
                • Membudayakan mencabut stop kontak atau barang                 • Cultivating the culture of unplugging electrical
                  elektronik apabila telah selesai digunakan seperti              outlets and electronics after being used, such as
                  komputer, laptop, handphone dan peralatan pantry,               computers, laptops, mobile phones, and pantry
                                                                                  equipments,
                • Mengatur suhu ruangan agar tidak boros energi.                • Setting the room temperature in order to be energy
                                                                                  efficient.




268       P T E R A J AYA S WA S E M B A D A T B K                                                                  L A P O R A N TA H U N A N 2 0 2 3
Page 271
                                                                    social & environmental responsibility




  MENGGUNAKAN BAHAN BAKAR SECARA EFISIEN                        USING FUEL EFFICIENTLY [POJK F.7] [POJK F.12]
  [POJK F.7] [POJK F.12]
  Erajaya menggunakan kendaraan operasional untuk               Erajaya uses operational vehicles for the product distribution
  proses distribusi produk mulai dari produsen ke gudang        process, starting from producers to storage warehouses,
  penyimpanan, lalu mendistribusikan ke semua outlet Erajaya    then distributing to all Erajaya outlets spread throughout
  yang tersebar di wilayah Indonesia.                           Indonesia.

  Penggunaan bahan bakar yang tidak efisien dapat menjadi       Inefficient fuel usage can be a serious problem. A large
  masalah yang material. Armada operasional yang banyak         and complex operational fleet can result in excessive
  dan kompleks dapat mengakibatkan konsumsi bahan bakar         fuel consumption, increase operational costs, and have a
  berlebih, meningkatkan biaya operasional, serta berdampak     negative impact on the environment with high greenhouse
  negatif pada lingkungan dengan emisi gas rumah kaca yang      gas emissions. In order to meet this challenge, we strive
  tinggi. Dalam menghadapi tantangan ini, kami berupaya         to implement effective strategies to optimize fuel use and
  menerapkan strategi yang efektif untuk mengoptimalkan         increase delivery route efficiency, including:
  penggunaan bahan bakar untuk tingkatkan efisensi rute
  pengiriman, seperti:
  • Merencanakan penjadwalan pengiriman yang optimal            •    Plan optimal delivery scheduling based on resource
      berdasarkan ketersediaan sumber daya dan waktu                 availability and travel time. By optimizing scheduling,
      tempuh.     Dengan      mengoptimalkan     penjadwalan,        deliveries can be made more efficiently and reduce the
      pengiriman dapat dilakukan dengan lebih efisien dan            time required to send goods from one location to another.
      mengurangi waktu yang diperlukan untuk mengirim
      barang dari satu lokasi ke lokasi lainnya.
  • Merencanakan rute yang paling efisien berdasarkan jarak.    •    Plan the most efficient route based on distance. By
      Dengan memilih rute yang paling efisien, pengiriman            choosing the most efficient route, deliveries can be made
      dapat dilakukan dengan lebih cepat. Kecepatan                  more quickly. Delivery speed can then cut fuel costs.
      pengiriman kemudian dapat memangkas biaya bahan
      bakar.
  • Memilih kendaraan operasional yang paling sesuai untuk      •    Selects the most suitable operational vehicle for a
      pengiriman tertentu berdasarkan kapasitas, konsumsi            particular delivery based on capacity, fuel consumption
      bahan bakar, dan jarak tempuh.                                 and distance traveled.

  PENGGUNAAN ENERGI TERBARUKAN [POJK F.7]                       THE USE OF RENEWABLE ENERGY SOURCES
                                                                [POJK F.7]
  Erajaya belum memanfaatkan sumber energi terbarukan.          Erajaya does not yet utilize renewable energy sources. We
  Kami merencanakan untuk memasang panel surya untuk            plan to install solar panels for lighting systems in the next
  sistem penerangan dalam beberapa tahun ke depan.              few years. Currently, we provide several electric vehicle
  Saat ini kami menyediakan beberapa titik pengisian ulang      battery recharging points for employees who use electric
  baterai kendaraan listrik bagi karyawan yang menggunakan      vehicles and as part of our plans to use operational electric
  kendaraan listrik dan sebagai bagian dari rencana kami ke     vehicles.
  depan untuk menggunakan kendaraan listrik operasional.




2023 ANNUAL REPORT                                                                 P T E R A J AYA S WA S E M B A D A T B K      269
Page 272
             ta n g g u n g j awa b s o s i a l & l i n g ku n g a n




      ASPEK ENERGI
      ENERGY

      JUMLAH DAN INTENSITAS EMISI YANG DIHASILKAN                                   AMOUNT AND INTENSITY OF EMISSIONS
      [POJK F.11]                                                                   GENERATED [POJK F.11]
      Emisi yang dihasilkan dari kegiatan operasional Erajaya                       Emissions generated from Erajaya operational activities are
      dihitung berdasarkan jumlah konsumsi listrik dan konsumsi                     calculated based on the amount of electricity consumption
      BBM dikalikan masing-masing faktor emisi. Nilai faktor emisi                  and fuel consumption multiplied by each emission factor.
      untuk listrik dan BBM (bensin) mengacu pada Pedoman Teknis                    Emission factor values for electricity and fuel (gasoline)
      Perhitungan Baseline Emisi Gas Rumah Kaca Sektor Energi                       refer to the Technical Guidelines for Calculation of Baseline
      yang diterbitkan oleh Badan Perencanaan Pembangunan                           Greenhouse Gas Emissions in the Energy Sector issued by
      Nasional (Bappenas) tahun 2014. Sedangkan intensitas emisi                    the National Development Planning Agency (Bappenas) in
      dihitung dengan membagi jumlah emisi dengan penjualan                         2014. While emission intensity is calculated by dividing total
      neto (miliar Rp).                                                             emissions by net sales (billions of Rp).

      Jumlah emisi pada tahun 2023 naik 7,6% terutama karena                        Total emissions in 2023 increased by 7.6%, mainly due
      peningkatan aktivitas logistik. Namun intensitas emisi                        to increased logistics activities. However, the emissions
      terhadap penjualan neto turun 11,5% karena penjualan neto                     intensity of net sales fell 11.5% since net sales increased by
      meningkat 21,6% dibandingkan tahun sebelumnya.                                21.6% compared to the previous year.


                           Uraian | Description                            2021                  2022                  2023             2023 vs 2022


       Emisi dari konsumsi listrik (ton CO2-eq)                            1.116                   999                 1.065                 6,6%
       Emission from Electricity Consumption (ton CO2-eq)

       Emisi dari konsumsi BBM (ton CO2-eq)                                     4                     4                   14               263,9%
       Emission from Fuel Consumption (ton CO2-eq)

       Jumlah Emisi (ton CO2-eq)                                           1.121                 1.003                 1.079                 7,6%
       Total Emission (ton CO2-eq)

       Intensitas Emisi (ton CO2-eq per juta Rp)                           0,026                 0,020                 0,018               -11,5%
       Emission Intensity (tons CO2-eq per Rp million)

       Catatan:
       Faktor emisi energi menggunakan baseline emisi GRK sektor berbasis energi, Pedoman teknis perhitungan baseline emisi gas rumah kaca sektor
       berbasis energi - Bappenas, 2014:
       Sistem ketenagalistrikan Jawa-Madura-Bali = 0,000725 (ton CO2/kWh)
       BBM Premium = 0,0026 (ton CO2/liter)

       Notes:
       Energy emission factors using energy-based sector GHG emission baseline, Technical Guidelines for Calculation of Baseline Greenhouse Gas Emissions
       in the Energy Sector - Bappenas, 2014:
       Java-Madura-Bali electricity system = 0.000725 (ton CO2/kWh)
       Gasoline = 0,0026 (ton CO2/liter)




                              Upaya Pengurangan Emisi Gas Buang [POJK F.12]
                              Reducing Exhaust Emissions [POJK F.12

                              Erajaya menggunakan sejumlah kendaraan untuk                    Erajaya uses several vehicles for various operational
                              berbagai keperluan operasional. Kami menyadari bahwa            purposes. We realize that fossil fuel vehicles contribute
                              kendaraan berbahan bakar fosil menyumbang emisi                 to greenhouse gas emissions through the exhaust gases
                              gas rumah kaca melalui gas buang yang dihasilkan.               produced. The Company tries to minimize the negative
                              Perseroan berusaha meminimalkan dampak negatif                  impacts caused by carrying out periodic maintenance
                              yang ditimbulkan dengan melakukan perawatan dan uji             and emission control on all operational vehicles and
                              emisi berkala terhadap seluruh kendaraan operasional,           ensuring that each vehicle uses fuel according to the
                              dan memastikan setiap kendaraan menggunakan                     standards and specifications.
                              bahan bakar sesuai dengan standar dan spesifikasinya.




270       P T E R A J AYA S WA S E M B A D A T B K                                                                        L A P O R A N TA H U N A N 2 0 2 3
Page 273
                                                                           social & environmental responsibility




  ASPEK AIR
  WATER

  Air adalah sumber daya yang penting bagi kehidupan. Dengan              Water is a critical resource for life. With the changing climate,
  adanya perubahan iklim, risiko ketersediaan air menjadi isu             water availability risk is an increasingly important issue. The
  yang semakin penting. Pengambilan air dalam jumlah besar                withdrawal of large quantities of water has the potential to
  berpotensi menimbulkan dampak negatif pada lingkungan,                  have negative impacts on the environment, such as a decrease
  seperti penurunan permukaan air tanah, berkurangnya                     in groundwater level, reduced availability of water resources,
  ketersediaan sumber daya air, dan perubahan ekosistem.                  and changes in ecosystems.

  Saat ini, sumber air yang digunakan dalam kegiatan                      Currently, the source of water used in office activities is
  perkantoran berasal dari PDAM. Manajemen mengajak                       supplied by a tap water company (PDAM). Management
  seluruh karyawan untuk menggunakan air secara bijak                     urges all employees to use water wisely through various
  melalui berbagai himbauan. Selain itu, kami melakukan                   campaigns. In addition, we carried out various initiatives to
  berbagai inisiatif untuk menghasilkan efisiensi pemakaian air,          increase water usage efficiency, such as using automatic
  seperti menggunakan keran tekan otomatis pada wastafel                  taps on sinks and creating vertical gardens to make watering
  dan membuat taman vertikal sehingga penyiraman tanaman                  plants more efficient.
  menjadi lebih efisien.




           25.519                                        M3


           Konsumsi Air [POJK F.8]
           Water Consumption [POJK F.8]

                          2021                                     2022                                     2023

                         17.658                                  20.376                                    25.519




                                  Inisiatif Efisiensi Air
                                  Water Efficiency Initiatives

                                  • Menampung air hujan untuk keperluan                  • Collect rainwater for washing operational
                                    mencuci kendaraan operasional dan                      vehicles and watering plants,
                                    menyiram tanaman,
                                  • Memeriksa instalasi air secara berkala untuk         • Inspect water installations periodically to
                                    mendeteksi kebocoran pipa atau saluran,                detect leaks in pipes or channels,
                                  • Memperbaiki instalasi air yang bocor,                • Repair leaky water installations,
                                  • Menghimbau karyawan dan tamu untuk                   • Urge employees and guests to always close
                                    selalu menutup keran air hingga rapat.                 the water taps tightly.




2023 ANNUAL REPORT                                                                           P T E R A J AYA S WA S E M B A D A T B K         271
Page 274
            ta n g g u n g j awa b s o s i a l & l i n g ku n g a n




      ASPEK LIMBAH
      WASTE

      JUMLAH LIMBAH YANG DIHASILKAN                                   AMOUNT OF WASTE GENERATED BY TYPE [POJK F.13]
      BERDASARKAN JENIS [POJK F.13]
      Untuk menciptakan lingkungan kerja yang sehat dan nyaman,       To create a healthy and comfortable work environment, we
      kami memastikan ketersediaan tempat sampah yang cukup           ensure the availability of sufficient trash cans both at the office
      baik di kantor maupun di setiap gerai Erajaya agar karyawan     and at every Erajaya outlet so that employees and customers
      dan pelanggan memiliki kesadaran untuk selalu membuang          have the awareness to always dispose of waste in its proper
      sampah pada tempatnya dan sesuai dengan klasifikasi atau        place and according to the classification or category.
      kategorinya.

      Kegiatan Erajaya menghasilkan limbah yang terdiri dari limbah   Erajaya activities generate Toxic and Hazardous Material (B3)
      Bahan Beracun dan Berbahaya (B3) dan limbah non-B3.             and non-B3 waste. Non-B3 waste includes domestic waste
      Limbah non-B3 antara lain terdiri dari sampah domestik          (organic), paper waste, and used packaging. The amount of
      (organik), limbah kertas, dan kemasan bekas. Jumlah limbah      waste generated in 2023 is 7.98 tons.
      yang dihasilkan pada tahun 2023 sebesar 8,98 ton.

      PENGELOLAAN LIMBAH [POJK F.14]                                  WASTE MANAGEMENT [POJK F.14]
      Limbah yang dihasilkan (B3 dan non-B3) dikumpulkan dan          B3 and non-B3 waste generated are collected and managed
      dikelola bekerja sama dengan kelompok masyarakat di             in collaboration with community groups around the head
      sekitar kantor pusat untuk dibuang ke tempat pembuangan         office to be disposed of at the landfill or sorted if it still
      akhir atau dipilah jika masih memiliki nilai ekonomi. Kami      has economic value. We have not recorded the weight and
      belum melakukan pencatatan berat dan pemilahan limbah           segregation of B3 and non-B3 waste before it is collected by
      B3 dan non-B3 sebelum diambil oleh pihak ketiga.                a third party.

      TUMPAHAN YANG TERJADI [POJK F.15]                               SPILL THAT OCCURS [POJK F.15]
      Kegiatan operasi Erajaya tidak menghasilkan limbah B3 cair      Erajaya’s operational activities do not produce liquid B3
      sehingga berisiko menimbulkan tumpahan yang mencemari           waste, so there is a risk of causing spills that will pollute the
      lingkungan.                                                     environment.




      ASPEK PENGADUAN TERKAIT
      LINGKUNGAN HIDUP
      ENVIRONMENTAL COMPLAINT

      JUMLAH PENGADUAN LINGKUNGAN HIDUP YANG                          NUMBER OF ENVIRONMENTAL COMPLAINT
      DITERIMA DAN DISELESAIKAN [POJK F.16]                           RECEIVED AND RESOLVED [POJK F.16]
      Hingga saat ini tidak ada dampak negatif dari kegiatan          Until now, there has been no negative impact from Erajaya’s
      operasional Erajaya terhadap lingkungan dan masyarakat          operational activities on the environment or surrounding
      sekitar. Kegiatan kami tidak menyebabkan debu, banjir,          communities. Our activities do not cause dust, floods, noise,
      kebisingan dan sebagainya yang dapat mengganggu                 and so on, which can disturb the community. The impact that
      masyarakat. Dampak yang terjadi sejauh ini adalah kemacetan     has occurred so far is traffic congestion in front of the main
      lalu lintas di depan jalan utama pada jam tertentu. Kami        road at certain hours. We assigned security personnel to
      menugaskan personel security untuk membantu mengatur            help manage traffic. If there is a complaint from stakeholders
      lalu lintas. Bila ada keluhan dari pemangku kepentingan         regarding environmental issues, it will be handled by the
      terkait masalah lingkungan, Tim K3 Kantor Pusat akan            Head Office K3 Team.
      menanganinya.




272      P T E R A J AYA S WA S E M B A D A T B K                                                         L A P O R A N TA H U N A N 2 0 2 3
Page 275
                                                                      social & environmental responsibility




  PELESTARIAN ALAM
  NATURE CONSERVATION

  DAMPAK DARI WILAYAH OPERASIONAL YANG                              IMPACTS FROM OPERATIONAL AREAS CLOSE TO
  DEKAT ATAU BERADA DI DAERAH KONSERVASI                            OR SITUATED IN AREAS OF CONSERVATION OR
  ATAU MEMILIKI KEANEKARAGAMAN HAYATI [POJK F.9]                    THOSE THAT CONTAIN BIODIVERSITY [POJK F.9]
  Kegiatan operasional seluruh Grup Erajaya tidak berada            The operational activities of Erajaya Group are not located or
  maupun bersinggungan langsung dengan daerah hutan                 in direct contact with protected forest areas and areas that
  lindung dan daerah yang memiliki tingkat keanekaragaman           have a high level of biodiversity.
  hayati yang tinggi.

  USAHA KONSERVASI KEANEKARAGAMAN HAYATI                            BIODIVERSITY CONSERVATION EFFORTS
  [POJK F.10]                                                       [POJK F.10]
  Erajaya memiliki program pelestarian lingkungan yang              Erajaya has a sustainable environmental preservation
  berkelanjutan di bawah naungan program TJSL Lentera               program under the Lentera Hijau TJSL program, namely
  Hijau, yakni Rumpin Eco Edu Forest (REEF) yang mulai              Rumpin Eco Edu Forest (REEF), which was developed in June
  dikembangkan pada Juni 2021.                                      2021.

  Program REEF adalah kerja sama Grup Erajaya dengan                The REEF program is a collaboration between Erajaya Group
  Balai Diklat Lingkungan Hidup dan Kehutanan (BDLHK)               and Bogor Environment and Forestry Education and Training
  Bogor untuk memanfaatkan dan mengembangkan Kawasan                Agency (BDLHK) to utilize and develop the Education and
  Hutan Diklat di Rumpin, Kabupaten Bogor sebagai kawasan           Training (Diklat) Forest Area in Rumpin, Bogor Regency,
  konservasi, edukasi dan rekreasi. Dengan program REEF, kami       as a conservation, education, and recreation area. With the
  berharap Hutan Diklat Rumpin tidak hanya menjadi sarana           REEF program, we hope that Rumpin Diklat Forest will not
  pendidikan dan pelatihan ekslusif BDLHK Bogor, tetapi juga        only become an exclusive education and training facility for
  menjadi sarana edukasi dan rekreasi pelajar dan masyarakat        BDLHK Bogor but also a means for education and recreation
  umum. Inisiatif ini menjadikan Erajaya sebagai perusahaan         for students and communities. This initiative has made
  swasta perintis pengembangan konservasi hutan berbasis            Erajaya a private company pioneering community-based
  masyarakat.                                                       forest conservation development.

  Salah satu bagian dari REEF ini adalah Kawasan Wana               One part of the REEF is Wana Erajaya Area, a rehabilitation
  Erajaya, yaitu kawasan rehabilitasi dan konservasi yang           and conservation area that has been developed since 2018.
  sudah dimulai sejak tahun 2018.

  Pada tahun 2023, dalam acara seremonial “Wana Erajaya             In 2023, at the “Wana Erajaya Green Legacy” ceremonial
  Green Legacy’ yang dihadiri Direksi dan manajemen Erajaya,        event, which was attended by the Director and management
  Kepala Badan Penyuluhan dan Pengembangan SDM                      of Erajaya, the Head of KLHK Human Resources Development,
  KLHK, dan Kepala Pusat Diklat SDM LHK, Erajaya resmi              and the Head of the LHK HR Training Center, Erajaya officially
  menyerahkan kawasan Wana Erajaya kepada Kementerian               handed over the Wana Erajaya area to the Ministry of LHK.
  LHK.

  Selama proses pengembangan kawasan Wana Erajaya,                  During the process of developing the Wana Erajaya area,
  Erajaya bersama BPLHK telah menanam dan memelihara                Erajaya and BPLHK planted and nurtured 6,368 trees of
  6.368 pohon berbagai jenis seperti mahoni, agatis, dan jenitri.   various types, such as mahogany, agatis, and jenitri.

  Selain itu, Erajaya telah melaksanakan program                    Apart from that, Erajaya has implemented a local community
  pemberdayaan masyarakat sekitar. Sekitar 60% lahan hutan          empowerment program. Around 60% of the forest area is
  dimanfaatkan untuk bertani sayuran, buah-buahan, tanaman          used for farming vegetables, fruit, essential oil raw material
  bahan baku minyak atsiri dan sebagainya. Terdapat lima            crops, and so on. There are five foster groups involved in
  kelompok binaan yang terlibat dalam berbagai jenis produksi       various types of production, such as agroforestry, honey,
  seperti agroforestri, madu, minyak atsiri, jamur tiram, dan       essential oils, oyster mushrooms, and bamboo crafts.
  kerajinan bambu.

  Meskipun kawasan Wana Erajaya sudah resmi diserahkan              Even though the Wana Erajaya area has been officially
  ke KLHK, Erajaya akan terus mengembangkan dan membina             handed over to the Ministry of Environment and Forestry,
  UMKM setempat hingga mereka mampu menjadi wirausawa               Erajaya will continue to develop and foster local MSMEs until
  yang mandiri.                                                     they are able to become independent entrepreneurs.



2023 ANNUAL REPORT                                                                     P T E R A J AYA S WA S E M B A D A T B K      273
Page 276
        ta n g g u n g j awa b s o s i a l & l i n g ku n g a n




274   P T E R A J AYA S WA S E M B A D A T B K                    L A P O R A N TA H U N A N 2 0 2 3
Page 277
                                                  social & environmental responsibility




                     PENGELOLAAN HUMAN
                     CAPITAL
                     HUMAN CAPITAL MANAGEMENT




                     Peningkatan kompetensi human capital menjadi
                     fokus penting sejalan dengan strategi Erajaya
                     untuk mengejar peluang-peluang bisnis baru.
                     Melalui Erajaya Corporate University, kami
                     membekali seluruh karyawan dengan kompetensi
                     yang relevan dengan dinamika bisnis dan industri
                     agar Erajaya dapat meraih keunggulan kompetitif
                     di semua lini bisnis vertikalnya.

                     Enhancing human capital competencies is a critical focus in line
                     with Erajaya’s strategy to pursue new business opportunities.
                     Through Erajaya Corporate University, we equip all employees with
                     competencies relevant to the dynamics of business and industy so
                     that Erajaya can achieve competitive advantage in all its vertical
                     business lines.




2023 ANNUAL REPORT                                              P T E R A J AYA S WA S E M B A D A T B K   275
Page 278
                ta n g g u n g j awa b s o s i a l & l i n g ku n g a n




      Rp
      miliar
      billion
                5,00                                        5.675
                                                            k a r yawa n
                                                            Employee
                                                                                                       38                %
      Realisasi biaya pelatihan karyawan                    Jumlah karyawan tahun 2023, naik           Komposisi karyawan Perempuan dari
      tahun 2023, naik 64% dibandingkan                     12% dari 5.078 karyawan pada               total karyawan pada tahun 2023.
      Rp3,05 miliar pada tahun 2022.                        tahun 2022.                                Meningkat dari 32% pada tahun
                                                                                                       2022.
      Realized employee training costs in                   Total Employees in 2022, increased
      2023, increased by 64% compared to                    by 12% from 5,078 employees in             Composition of female Employees
      Rp3.05 billion in 2022.                               2023.                                      from total employees in 2022,
                                                                                                       increased from 32% in 2022.




      KEBIJAKAN PENGELOLAAN TALENTA
      TALENT MANAGEMENT POLICY

      Erajaya membuka kesempatan kepada karyawan untuk                          Erajaya opens opportunities for employees to increase
      meningkatkan kapasitas dan kapabilitasnya melalui                         their capacity and capabilities through the competency
      program pengembangan kompetensi yang diberikan dan                        development programs provided and can choose their career
      dapat memilih jalan karirnya sesuai dengan minat dan                      paths according to their interests and capabilities. The goal
      kapabilitasnya. Tujuannya agar Erajaya memiliki talenta yang              is for Erajaya to have talent that is exceptional, productive,
      unggul, produktif, adaptatif, dan memiliki kemampuan bisnis               adaptable and has sustainable business capabilities.
      yang berkelanjutan.

      Kebijakan pengelolaan talenta memperhatikan 4 pilar                       The talent management policy pays attention to 4 pillars,
      yaitu Attract, Develop, Manage & Retain. Berbagai peluang                 namely Attract, Develop, Manage & Retain. The various new
      karir baru yang tersedia di tahun 2023 sejalan dengan                     career opportunities available in 2023 in line with Erajaya’s
      pertumbuhan bisnis Erajaya menjadi tantangan bagi kami                    business growth are a challenge for us to continue to develop
      untuk terus mengembangkan dan memperbarui proses                          and update the internal talent management and development
      pengelolaan dan pengembangan talenta internal serta                       process as well as attracting talent from outside the company
      melakukan attraction untuk mengakuisisi talenta dari luar                 to fulfill sustainable leadership succession in the Erajaya
      perusahaan untuk memenuhi kesinambungan suksesi                           Group.
      kepemimpinan di Grup Erajaya.



                Strategi Retensi Karyawan
                Employee Retention Strategy
                Sumber daya manusia (Human Capital/HC) adalah aset dan mitra
                strategis yang memiliki peran kunci dalam mendukung kesuksesan
                dan pertumbuhan bisnis untuk mencapai tujuan bisnis Grup
                Erajaya. Kami menjaga talenta-talenta berpotensi tinggi dengan
                menerapkan strategi retensi yang tepat. Kami membuat program
                pengembangan karir yang jelas, sistematis, dan setara; menyediakan
                lingkungan kerja yang aman dan nyaman; memberikan kompensasi
                yang memadai; serta menyediakan sarana untuk pengembangan
                kompetensi, untuk memastikan karyawan merasa terpenuhi dan
                puas di tempat kerja.

                Human Capital (HC) is a strategic asset and partner who has
                a key role in supporting business success and growth to achieve
                the Erajaya Group’s business objectives. We retain high-potential
                talents by implementing appropriate retention strategies. We create
                clear, systematic and equitable career development programs;
                provide a safe and comfortable work environment; provide adequate
                compensation; and provide competency development facilities, to
                ensure employees feel fulfilled and satisfied at work.




276       P T E R A J AYA S WA S E M B A D A T B K                                                               L A P O R A N TA H U N A N 2 0 2 3
Page 279
                                                                           social & environmental responsibility




      Kesetaraan Kesempatan Bekerja [POJK F.18]
      Equality of Employment [POJK F.18]

      Erajaya membuka kesempatan berkarir bagi semua orang tanpa
      membedakan jenis kelamin, agama, suku, dan ras. Penerapan
      prinsip kesetaraan dan keberagaman kami tunjukkan dengan adanya
      pemimpin dari setiap tingkatan organisasi yang memiliki latar
      belakan dari berbagai suku, agama, dan ras. Erajaya juga mendukung
      kesetaraan gender pada level staf hingga eksekutif. Sebanyak 33%
      dari komposisi Direksi Erajaya dijabat oleh perempuan.

      Erajaya leaves career opportunities open for everyone regardless of
      gender, religion, ethnicity and race. We demonstrate the application
      of the principles of equality and diversity by having leaders from
      every level of the organization who have backgrounds from various
      ethnicities, religions and races. Erajaya also supports gender equality
      at staff to executive levels. As many as 33% of the composition of
      the Erajaya Board of Directors is held by women.




       Tenaga Kerja Anak dan Kerja Paksa [POJK F.19]
       Child Labor and Forced Labor [POJK F.19]

                              Erajaya melarang keras praktik kerja paksa dan pekerja anak di keseluruhan rantai bisnisnya.
                              Komitmen tersebut diwujudkan dalam ketentuan usia minimal dalam rekrutmen, yaitu 18 tahun.
                              Penetapan jam kerja di Erajaya dilandasi oleh Undang-Undang Republik Indonesia Nomor
                              11 Tahun 2020 tentang Cipta Kerja, serta Keputusan Menteri Tenaga Kerja dan Transmigrasi
                              Republik Indonesia. Kami memastikan bahwa seluruh Grup Erajaya dan semua pihak yang
                              bermitra dengan Grup Erajaya memiliki nilai-nilai kemanusiaan yang sama. Selama tahun 2023,
                              kami tidak menemukan adanya insiden pekerja anak maupun kerja paksa di lingkungan Grup
                              Erajaya.

                              Erajaya strictly prohibits forced and child labor practices in its business circles. The Company
                              manifests this commitment with a minimum age of 18 for recruitment. Erajaya determines
                              working hours based on the Law of the Republic of Indonesia No. 11 of 2020 concerning Job
                              Creation and on the Decree of the Minister of Manpower and Transmigration of the Republic of
                              Indonesia. We ensure that the entire Erajaya Group and all parties partnering with the Erajaya
                              Group share the same human values. During 2023, we did not find any incidents of child labor
                              or forced labor within the Erajaya Group.




2023 ANNUAL REPORT                                                                        P T E R A J AYA S WA S E M B A D A T B K   277
Page 280
            ta n g g u n g j awa b s o s i a l & l i n g ku n g a n




      DIVISI HUMAN CAPITAL
      HUMAN CAPITAL DIVISION

      Aspek human capital meliputi pengelolaan talenta dan                             The human capital aspect includes talent management
      memastikan bahwa talenta yang bekerja di Erajaya sesuai                          and ensuring that the talent working at Erajaya meets the
      dengan kebutuhan perusahaan merupakan tanggung jawab                             company’s needs is the responsibility of the Human Capital
      Divisi Human Capital (Divisi HC).                                                Division (HC Division).

      Divisi HC memiliki peran penting di dalam organisasi Erajaya,                    HC Division has a significant role in Erajaya, as a strategic
      yaitu sebagai mitra strategis yang eligible untuk memberikan                     partner that provides insights regarding sound organizational
      pandangan terkait pengembangan organisasi yang sehat                             development and facilitates the improvement of the
      serta bertugas memfasilitasi peningkatan kompetensi para                         competence of Erajaya leaders to ensure the achievement of
      leader agar tujuan bisnis Erajaya dapat tercapai.                                all business goals.

      Erajaya berkomitmen untuk melakukan inovasi tiada henti                          Erajaya is committed to continually innovating and scaling its
      dalam mengembangkan skala usahanya. Dengan adanya                                business. With the need for new competencies and expertise,
      kebutuhan kompetensi dan keahlian yang baru, Divisi HC                           the HC Division continues to innovate and improvise in order
      terus berinovasi dan berimprovisasi agar dapat memenuhi                          to meet organizational needs more quickly and effectively,
      kebutuhan organisasi lebih cepat dan efektif khususnya di                        especially amid the fast-paced digitalization developments.
      tengah perkembangan digitalisasi yang masif.



                                                                Sasaran Divisi HC
                                                                   HC Division Objectives


                                                                                                                   Sebagai mitra strategis yang
         Memastikan keberlangsungan                                                                                memberi pandangan mengenai
         organisasi yang kompetitif untuk                                                                          organisasi yang sehat, produktif,
         sukses mencapai sasarannya dan                                                                            kompetitif, dan siap memfasilitasi
         memastikan ketersediaan karyawan                                                                          pengembangan kompetensi
         yang berkompeten.                                                                                         karyawan dan para pemimpin
                                                                                                                   organisasi guna mencapai tujuan
         Ensuring the continuity of a competitive                                                                  bisnis Erajaya.
         organization to successfully achieve its
         goals and ensuring the availability of                                                                    Acts as a strategic partner that
         competent employees.                                                                                      provides views on a healthy,
                                                                                                                   productive, competitive organization,
                                                                                                                   and is ready to facilitate the
                                                                                                                   competency development of
                                          Meningkatkan kinerja berkesinambungan melalui program kerja              employees and organization leaders
                                          Divisi HC agar dapat memenuhi kebutuhan organisasi melalui               to achieve Erajaya’s business goals.
                                          cara-cara yang lebih cepat, agile, efektif, dan efisien, antara lain
                                          melalui penggunaan digitalisasi pada proses bisnisnya.

                                          Improving performance continuously through HC Division
                                          work programs, to meet organizational needs through faster,
                                          agile, effective, and efficient ways, including through the use of
                                          digitalization in its business processes.




278      P T E R A J AYA S WA S E M B A D A T B K                                                                         L A P O R A N TA H U N A N 2 0 2 3
Page 281
                                                                                 social & environmental responsibility




  ROADMAP PENGEMBANGAN HC
  HC DEVELOPMENT ROADMAP

  Sejak tahun 2012 Erajaya telah menetapkan Roadmap                            Since 2012, Erajaya has established a HC Development
  Pengembangan HC yang bertujuan agar program dan                              Roadmap which aims to ensure that programs and activities
  kegiatan peningkatan kompetensi karyawan dapat berjalan                      to increase employee competency can run in a focused
  terarah dan efektif. Roadmap Pengembangan HC menjadi                         and effective manner. The HC Development Roadmap is a
  panduan bagi pengembangan kompetensi karyawan yang                           guidelines for employee competency development which
  dirancang lebih strategis dan tersentralisasi melalui Corporate              is designed to be more strategic and centralized through
  University dengan memproyeksikan kebutuhan bisnis Erajaya                    the Corporate University by projecting Erajaya’s current and
  saat ini dan di masa yang akan datang secara holistik.                       future business needs holistically.



        Periode
                                                 Tahapan                                                           Phase
         Period


       Pra 2012       Pengembangan Ketrampilan Secara Konvensional:                     Conventional Skills Development:
       Pre 2012       Pengembangan kompetensi lebih difokuskan pada aspek
                      ketrampilan teknis dan pengetahuan produk.                        Competency development is more focused on aspects of
                                                                                        technical skills and product knowledge.

      2012-2015       Kehadiran Erajaya Development and Assessment Center               The presence of Erajaya Development and Assessment
                      (E-DNA) sebagai strategi pengembangan kompetensi yang             Center (E-DNA) as an integrated competency development
                      terintegrasi                                                      strategy
                      • Sentra program dan aktivitas perekrutan HC khususnya            • Center for HC activities and recruitment programs especially
                         karyawan yang bertalenta, identifikasi dan pengembangan           talent, identification and skills development through
                         keterampilan melalui pelatihan berbasis kompetensi dan            sustainable and competency-based training.
                         berkesinambungan.
                      • Penetapan nilai-nilai dasar (core values), Visi dan Misi        • Determination of core values, Vision and Mission of the
                         organisasi, kompetensi inti, manajerial dan teknis yang          organization, core competencies, managerial and technical
                         selaras dengan nilai-nilai dasar, misi, dan visi organisasi.     alignment with the basic values, mission and vision of the
                                                                                          organization.
                      • Penetapan standarisasi, fasilitas, dan infrastruktur termasuk   • Establishment of standards, facilities, and infrastructure
                        sistem dalam mengeksekusi pengembangan HC untuk                   including systems for executing HC development to produce
                        melahirkan calon-calon pemimpin baru organisasi.                  new candidates for organizational leaders.
                      • Penerapan e-learning untuk mendorong akselerasi                 • Implementation of e-learning to accelerate competency
                        pengembangan kompetensi di seluruh level karyawan.                development at all employee levels.

      2016-2020       Implementasi Konsep Learning Journey                              The implementation of Learning Journey Concept
                      • Menggunakan konsep Learning Journey (LJ) untuk setiap           • Using the Learning Journey concept for each employee.
                        karyawan. Fokus ke perjalanan peningkatan kompetensi              Focus on the journey of increasing employee competence,
                        karyawan, setiap saat dan setiap waktu. Saluran                   anytime, anywhere. The learning channel uses blended
                        pembelajaran menggunakan metode blended learning (in-             learning methods (in-class and online).
                        class and online).
                      • Digitalisasi Proses Pembelajaran melalui aplikasi mobile        • Digitizing the Learning Process through mobile applications
                        (QLEAP) untuk menjangkau pelosok daerah dan generasi              (QLEAP) to reach remote areas and the millennial generation.
                        milenial.

    2021 – sekarang   Konsep Erajaya Corporate University (E-Univ)                      Erajaya Corporate University Concept (E-Univ)
     2021- present    • Merancang konsep pengembangan kompetensi HC yang                • Designing a more strategic HC competency development
                        lebih strategis melalui perwujudan Corporate University           concept through the establishment of a Corporate
                        (Corpu) yaitu sentra pengembangan kompetensi,                     University (Corpu), competency development centers,
                        kepemimpinan dan budaya organisasi, dan standar                   leadership and organizational culture, and certification
                        sertifikasi.                                                      standards.
                      • Menetapkan 3 (tiga) fase periode sebagai milestone dan          • Determined 3 (three) phase periods as milestones and
                        target realisasi.                                                 targets for realization.




2023 ANNUAL REPORT                                                                                  P T E R A J AYA S WA S E M B A D A T B K             279
Page 282
            ta n g g u n g j awa b s o s i a l & l i n g ku n g a n




      PROGRAM PENGEMBANGAN
      KOMPETENSI TERINTEGRASI
      INTEGRATED COMPETENCY DEVELOPMENT PROGRAM

      Divisi HC mengimplementasikan program kerja strategis            The HC Division implements strategic work programs that
      yang melibatkan seluruh pemangku utama yaitu unsur               involve all key stakeholders, including the management,
      manajemen, pemimpin/atasan (Divisi/Departemen), dan              leaders/ superiors (Divisions/Departments), and employees.
      karyawan. Program kerja tersebut sesuai dengan sasarannya,       This work program is in accordance with its target, namely
      yaitu organisasi yang sehat secara terukur melalui Indeks        a healthy organization as measured by the Organizational
      Kesehatan Organisasi (OHI). OHI digunakan sebagai                Health Index (OHI). OHI is used as a check-up indicator
      indikator check-up organisasi yang sehat dan karyawan            for a healthy organization and employees with superior
      dengan kompetensi unggul. Hal ini antara lain dilaksanakan       competencies. This is implemented, among other things,
      melalui program pengembangan kompetensi terintegrasi dan         through an integrated competency development program
      pengelolaan talenta yang secara siklikal meliputi identifikasi   and talent management which cyclically includes identifying
      kebutuhan organisasi dan bisnis, pemetaan talenta,               organizational and business needs, talent mapping, talent
      pengembangan talenta, dan strategi retensi talenta.              development and talent retention strategies.

      Program tersebut melibatkan indikator tingkat efektivitas        The program involves indicators of performance effectiveness
      kinerja serta menganalisis kondisi dan keberadaan tingkat        as well as analyzes the readiness level of prospective leaders
      kesiapan calon pemimpin atau suksesor pada setiap levelnya.      or successors at each level.

      ERAJAYA CORPORATE UNIVERSITY                                     ERAJAYA CORPORATE UNIVERSITY
      Erajaya Corporate University adalah strategi pembelajaran        Erajaya Corporate University is a learning strategy within the
      di perusahaan yang berfungsi sebagai perangkat strategis         company that serves as a strategic tool in helping organization
      dalam membantu organisasi mencapai tujuan bisnisnya              in achieving its business goals through a learning culture.
      melalui budaya belajar.

      Implementasi dari strategi dan konsep organisasi pembelajar      The implementation of learning organization strategies and
      bertujuan agar karyawan mampu beradaptasi terhadap               concept aims to enable employees to adapt to developments
      perkembangan dunia yang semakin global dan kompetitif,           in an increasingly global and competitive world, and to
      dan untuk mengatasi gap antara pembelajaran teoritis yang        overcome the gap between theoretical learning obtained in
      didapatkan di institusi pendidikan formal dengan kebutuhan       formal educational institutions and the practical needs of the
      praktis dunia kerja.                                             world of work.

      Inti dari strategi ini adalah transformasi dari pembelajaran     The essence of this strategy is a transformation from
      tradisional yang umumnya diberikan di training center, ke        traditional learning which is generally provided in training
      pendekatan pembelajaran secara agile berdasarkan aspirasi        centers, to an agile learning approach based on employee
      karyawan dan menjawab kebutuhan bisnis.                          aspirations and responding to business needs.

      Saat ini Erajaya Corporate University memiliki tiga penjurusan   Currently, Erajaya Corporate University has three main majors
      utama yang diberikan ke semua unit bisnis Erajaya Group yaitu    provided for all Erajaya Group business units, namely School
      School of Leadership & Management, School of Commercial,         of Leadership & Management, School of Commerce, and
      dan School of Business Operations.                               School of Business Operations.

      School of Leadership & Management memiliki program-              School of Leadership & Management runs programs to
      program untuk persiapan karyawan menjadi pemimpin di             prepare employees to become future leaders. School of
      masa depan. School of Commercial dibentuk khusus untuk           Commerce was established specifically to improve the
      meningkatkan kompetensi teknis di tim sales/ penjualan           technical competence of sales team. Meanwhile, School of
      untuk semua vertikal bisnis. Sementara, School of Business       Business Operations focuses on developing the competence
      Operations fokus untuk pengembangan kompetensi seluruh           of all non-commercial divisions.
      divisi yang bersifat fungsi nonkomersial.




280      P T E R A J AYA S WA S E M B A D A T B K                                                        L A P O R A N TA H U N A N 2 0 2 3
Page 283
                                                                  social & environmental responsibility




  Pendekatan pembelajaran yang dilakukan adalah hybrid           The learning approach taken is a hybrid learning that combines
  learning yang menggabungkan metode sistem aplikasi             the QLEAP application system method, online system via
  QLEAP, sistem online melalui Zoom, Google Hangout, Webex       Zoom, Google Hangout, Webex or similar applications, and
  atau aplikasi sejenis, dan sistem offline guna mempercepat     offline system to speed up the knowledge transfer process.
  proses transfer pengetahuan. Selain itu, diimplementasikan     In addition, a new learning method is implemented, namely
  metode belajar baru yaitu media gamification yang melibatkan   gamification media which involves game elements to
  unsur-unsur permainan (game) sehingga memaksimalkan            maximize fun during learning.
  perasaan joy dan fun selama belajar.

  Pada     tahun     2023,   Erajaya   Corporate   University    In 2023, Erajaya Corporate University organized 1,135
  menyelenggarakan 1.135 modul pelatihan yang terdiri            training modules consisting of product knowledge (925
  dari product knowledge (925 modul), soft competency (73        modules), soft competency (73 modules), and technical
  modul), dan technical competency (137 modul). Peserta          competency (137 modules) attended by 11,881 participants
  pelatihan sebanyak 11.881 karyawan (termasuk Outsources).      (including Outsources). In addition, we also sent employees
  Selain itu, kami juga mengirimkan karyawan untuk mengikuti     to take part in external training (public training) and held
  training eksternal (public training) serta mengadakan          various workshops and seminars featuring guest speakers.
  kegiatan berbagai workshop dan seminar yang menghadirkan
  pembicara tamu.

  Secara berkala, kami menyelenggarakan acara Town Hall          Periodically, we organize Town Hall meeting as a
  sebagai salah satu forum komunikasi antara karyawan,           communication forum between employees, leaders, and
  pimpinan, dan Direksi yang menjadi sarana belajar karyawan     the Board of Directors which become a means of learning
  dan sebagai salah satu engagement enabler yang memotivasi      for employees and as one of the engagement enablers that
  karyawan karena pada kegiatan tersebut karyawan mendapat       motivates employees by allowing them to stay abreast
  kesempatan mengetahui pencapaian kinerja perusahaan            of the progress of the Company’s performance as well as
  sekaligus informasi gambaran rencana pengembangan usaha        information on future business development plans.
  masa depan.




  Pelatihan dan Pengembangan
  Kompetensi Tahun 2023 [POJK F.22]
  Training and Competence Development in 2023 [POJK F.22]




  11.881                                    1.135
  Peserta (termasuk outsources)             Modul Pelatihan
  Participants (including Outsources)       Training Modules




   Peserta Pelatihan
   Training Participant

   Staff (Including Outsourced Staff)                                                         9.431

   Supervisor                                                                                 1.511

   First Managerial                                                                             572

   Managerial                                                                                   269

   Executive                                                                                     98

   Jumlah | Total                                                                            11.881




2023 ANNUAL REPORT                                                                  P T E R A J AYA S WA S E M B A D A T B K      281
Page 284
              ta n g g u n g j awa b s o s i a l & l i n g ku n g a n




       Modul Pelatihan
       Training Modules

       Product Knowledge                                                                              925

       Soft Competency                                                                                 73

       Technical Competency                                                                           137

       Jumlah | Total                                                                               1.135




       Realisasi Biaya Pelatihan
       Training Cost Realization
       (Rp)


       EAR                                                                                    675.692.447

       ERA                                                                                   4.323.529.871

       Jumlah | Total                                                                        4.999.222.318



      UNIT CHANGE MANAGEMENT                                            CHANGE MANAGEMENT UNIT
      Unit Change Management bertanggung jawab memastikan               The Change Management Unit is responsible for ensuring
      komunikasi karyawan yang dihubungkan melalui teknologi,           employee communications are connected via technology, so
      agar dapat mengubah, meningkatkan, dan memperbarui                that they can change, improve, and update company values,
      nilai-nilai perusahaan, cara kerja, dan cara pembelajaran,        ways of working, and ways of learning, as well as ensuring
      serta memastikan karyawan mampu beradaptasi dengan                employees are able to adapt well to any business changes
      baik terhadap setiap perubahan bisnis yang terjadi.               that occur.

      Proyek Change Management antara lain implementasi                 Change Management project includes the implementation
      System Application and Processing (SAP), serta sosialisasi        of System Application and Processing (SAP) system, as well
      dan implementasi nilai-nilai luhur ILEAD: Innovation,             as socialization and implementation of ILEAD’s noble values:
      Leadership, Excellent Customer Service, Agility, Digital.         Innovation, Leadership, Excellent Customer Service, Agility,
                                                                        Digital.




      HC DIGITAL TECHNOLOGY
      HC DIGITAL TECHNOLOGY

      Divisi HC mengembangkan sistem teknologi digital untuk            HC Division develops digital technology systems to support
      mendukung sarana akselerasi dengan misi dapat diakses             acceleration facilities with the mission of being accessible
      kapanpun dan dimanapun oleh karyawan.                             anytime and anywhere by employees.

      Dengan pertumbuhan organisasi serta penambahan bisnis             With the growth of the organization and massive addition of
      baru yang masif, aplikasi QLEAP beradaptasi menjadi               new businesses, the QLEAP application adapted to become
      aplikasi yang komprehensif untuk memudahkan pengelolaan           a comprehensive application on facilitating administrative
      administrasi serta menjadikan QLEAP sebagai sumber data           management and making QLEAP a source of data and
      dan data analitikal, sehingga dapat berfokus pada proses          analytical data, so that it can focus on employee development
      pengembangan karyawan, produktivitas karyawan serta               processes, employee productivity, and digitization.
      digitalisasi.

      Fitur-fitur yang dikembangkan di dalam aplikasi QLEAP pada        The features developed in QLEAP application in 2023 were:
      tahun 2023 adalah:
      • Performance Management: sistem penilaian kinerja                •   Performance Management: an employee performance
          karyawan.                                                         appraisal system.
      • Erajaya Achievement Award: sistem pengelolaan program           •   Erajaya    Achievement   Award:   management      of
          improvement dari ide karyawan.                                    improvement programs from employee ideas.
      • Checklist Monitoring System: untuk membantu                     •   Checklist Monitoring System: to assist operations in
          operasional dalam melakukan pemantauan toko.                      monitoring stores.



282       P T E R A J AYA S WA S E M B A D A T B K                                                       L A P O R A N TA H U N A N 2 0 2 3
Page 285
                                                                       social & environmental responsibility




  •   Learning Platform Integration: kerja sama dengan pihak       •    Learning Platform Integration: collaboration to improve
      ketiga untuk peningkatan sistem pembelajaran.                     learning systems with Linkedin.
  •   Virtual Job Fair: informasi proses pencarian kandidat        •    Virtual Job Fair: information on the process of finding
      karyawan.                                                         employee candidates.
  •   E-PCN: digitalisasi proses pengajuan perubahan status        •    E-PCN: digitizes the process of changing employee status.
      karyawan.
  •   SAP Support: pendukung internal proses migrasi               •    SAP Support: provides internal support for the migration
      perangkat kerja baru.                                             process for new work devices.
  •   Offboarding: monitoring aset dan perlengkapan kerja          •    Offboarding : monitoring assets and work equipment
      untuk karyawan yang mengajukan resign.                            for employees who apply to resign.
  •   SOP: menyediakan informasi terkait dengan konsekuensi        •    SOP: provides information related to consequences and
      dan proses kerja.                                                 work processes.
  •   CSR System: informasi acara perusahaan, donor darah,         •    CSR Information System: for company events, blood
      dan program beasiswa.                                             donations, and scholarship programs.
  •   Legal System Sistem: layanan untuk Departemen Legal.         •    Legal System Service: system for Legal Department.
  •   Facility Issue Reporting: laporan masalah yang ada di        •    Facility Issue Reporting: to report operational problems.
      operasional.




  TALENT ACQUISITION AND
  ASSESSMENT CENTER
  TALENT ACQUISITION AND ASSESSMENT CENTER

  Tantangan yang dihadapi oleh Talent Acquisition dan              The challenge encountered by the Talent Acquisition and
  Assessment Center adalah memenuhi ketersediaan talenta           Assessment Center is to meet the availability of talent
  di organisasi sesuai dengan kualifikasi dan nilai-nilai budaya   in the organization in accordance with the qualifications
  Grup Erajaya. Untuk itu, Talent Acquisition menjalin kerja       and cultural values of Erajaya Group. Therefore, Talent
  sama antara lain menjadi mitra dalam program pemerintah          Acquisition collaborates, among others, to become partners
  yaitu Kampus Merdeka, dan dengan beberapa akademi                in government programs; the Merdeka Campus, and with
  pendidikan unggulan, melakukan internal job posting              several leading educational academies, conducted internal
  (reference candidate), job portal, serta aktif melakukan         job postings (reference candidates), ran job portals, and
  company branding di platform media sosial seperti LinkedIn,      actively carried out company branding on social media
  Instagram dan TikTok untuk menjaring talenta generasi            platforms such as LinkedIn, Instagram, and TikTok to attract
  terkini.                                                         the latest generation of talent.

  Peningkatan efektivitas dan efisiensi proses melalui teknologi   Increasing the effectiveness and efficiency of processes
  antara lain pengembangan e-recruitment dan Application           through technology, including the development of
  Tracking System (ATS). Sistem ini mengintegrasikan seluruh       e-recruitment and Application Tracking System (ATS). This
  proses rekrutmen, dikombinasikan dengan penggunaan               system integrates the entire recruitment process, combined
  asesmen online agar menjadi satu rangkaian proses kerja yang     with the use of online assessments to become a series of work
  mendukung percepatan bisnis, pengembangan organisasi             processes that support business acceleration, organizational
  dan memberikan pengalaman rekrutmen yang unggul.                 development and provide excellent recruitment experience.

  Pada tahun 2023, sebanyak 710 karyawan dari beragam level        In 2023, as many as 710 employees from various levels
  jabatan menjalankan asesmen evaluasi diagnosa kompetensi.        of positions carry out competency diagnostic evaluation
  Hasil evaluasi turut menjadi bagian dari pemetaan karyawan       assessments. The evaluation results are part of the mapping
  potensial (talenta) dan evaluasi kondisi kesehatan organisasi    of potential employees (talents) and evaluation of the health
  Erajaya. Selain itu, sebanyak 2.070 kandidat menjalankan         condition of Erajaya organization. In addition, as many as
  asesmen online untuk tujuan seleksi karyawan baru Grup           2,070 candidates carried out online assessments for the
  Erajaya.                                                         purpose of selecting new Erajaya Group employees.




2023 ANNUAL REPORT                                                                    P T E R A J AYA S WA S E M B A D A T B K      283
Page 286
             ta n g g u n g j awa b s o s i a l & l i n g ku n g a n




      REMUNERASI YANG KOMPETITIF
      COMPETITIVE REMUNERATION

      Erajaya mengimplementasikan kebijakan remunerasi yang              Erajaya implements a remuneration policy that uses a
      menggunakan pendekatan meritokrasi atau penghargaan                meritocratic approach, or merit system. With this approach,
      prestasi kerja atau merit system. Dengan pendekatan ini,           the distribution of fair remuneration is calculated according to
      pembagian remunerasi yang berkeadilan diperhitungkan               the contribution and performance provided by each employee.
      sesuai dengan kontribusi dan kinerja yang diberikan oleh           The Company also ensures that the remuneration distributed
      masing-masing karyawan. Perseroan juga memastikan                  to employees meets the applicable Regional Minimum Wage
      bahwa remunerasi yang dibagikan kepada karyawan telah              (UMR) standards.
      memenuhi standar Upah Minimum Regional (UMR) yang
      berlaku.




             Upah Minimum Regional [POJK F.20]
             Equality of Employment [POJK F.18]


             Erajaya memastikan besaran gaji pokok yang diterima semua
             karyawan tetap di level terendah sama atau lebih tinggi dari
             besaran Upah Minimum Kabupaten/Kota (UMK) yang ditetapkan
             oleh pemerintah daerah setempat. Kebijakan ini berlaku untuk
             seluruh Grup Erajaya.

             Erajaya ensures that the amount of basic salary received by all
             permanent employees at the lowest level is higher than the
             Regency/City Minimum Wage (UMK) set by the local government.
             A similar policy applies to all Erajaya Group.




       Upah Terendah Karyawan terhadap Upah Minimum Kota di Wilayah Operasional Erajaya 2023
       The lowest employee wage and the city minimum wage in the Erajaya Operational Area in 2023

                                                                                       UMK            Upah Terendah
                                 Wilayah Operasional
                                                                               Local Minimum Wages    Lowest Salary             %
                                  Operational Area
                                                                                        (Rp)              (Rp)


       Kota Banda Aceh                                                              3.540.555            3.732.000             105%

       Kota Denpasar                                                                2.994.646            3.116.659             104%

       Kota Serang                                                                  4.090.799            4.902.000             120%

       Kota Bengkulu                                                                2.601.802            2.861.500             110%

       Kota Yogyakarta                                                              2.324.775            2.334.959             100%

       Jakarta                                                                      4.901.798            4.901.798             100%

       Kota Gorontalo                                                               2.989.350            4.700.000             157%

       Kota Jambi                                                                   3.230.208            3.600.000             111%

       Kota Bandung                                                                 4.048.463            4.048.500             100%

       Kota Semarang                                                                3.060.349            3.089.124             101%

       Kota Surabaya                                                                4.525.479            4.525.500             100%

       Kota Pontianak                                                               2.750.644            2.848.000             104%

       Kota Banjarmasin                                                             3.236.245            3.363.000             104%

       Kota Palangkaraya                                                            3.226.753            3.600.000             112%




284       P T E R A J AYA S WA S E M B A D A T B K                                                          L A P O R A N TA H U N A N 2 0 2 3
Page 287
                                                                       social & environmental responsibility




   Upah Terendah Karyawan terhadap Upah Minimum Kota di Wilayah Operasional Erajaya 2023
   The lowest employee wage and the city minimum wage in the Erajaya Operational Area in 2023

                                                                                UMK                Upah Terendah
                           Wilayah Operasional
                                                                        Local Minimum Wages        Lowest Salary             %
                            Operational Area
                                                                                 (Rp)                  (Rp)


   Kota Balikpapan                                                            3.324.274               3.600.000            108%

   Kota Pangkal Pinang                                                        3.498.479               3.800.000            109%

   Kota Batam                                                                 4.500.440               4.600.000            102%

   Kota Bandar Lampung                                                        2.991.349               3.195.000            107%

   Kota Ambon                                                                 2.881.111               4.951.000            172%

   Kota Kupang                                                                2.187.506               2.300.000            105%

   Kota Pekanbaru                                                             3.319.023               3.400.000            102%

   Kab Mamuju                                                                 2.904.645               2.905.000            100%

   Kota Makassar                                                              3.523.181               3.536.500            100%

   Kota Palu                                                                  3.073.895               3.096.127            101%

   Kota Kendari                                                               2.993.731               3.115.509            104%

   Kota Manado                                                                3.530.000               3.600.000            102%

   Kota Padang                                                                2.742.476               3.600.000            131%

   Kota Palembang                                                             3.541.082               3.541.500            100%

   Kota Medan                                                                 3.624.118               3.624.500            100%



  FASILITAS DAN BENEFIT LAIN-LAIN                                    OTHER FACILITIES AND BENEFITS
  Selain remunerasi, Erajaya memberikan manfaat dan fasilitas        Apart from remuneration, Erajaya provides other benefits and
  lainnya bagi karyawan sebagai berikut:                             facilities for employees as follows:
  1. Fasilitas Pinjaman Keuangan                                     1. Financial Loan Facility
      Karyawan yang sudah menjadi anggota Koperasi                       Employees who are already members of Erajaya
      Karyawan Erajaya, berhak mendapatkan fasilitas pinjaman            Employee Cooperative are entitled to a cooperative
      koperasi dengan suku bunga ringan atau fasilitas kredit            loan facility with low interest rates or a credit facility to
      pembelian perangkat telekomunikasi.                                purchase telecommunications equipment.
  2. Fasilitas Cuti
      Erajaya memberikan hak cuti kepada karyawan termasuk           2. Leave Facilities
      cuti melahirkan, gugur kandungan, dan istirahat haid              Erajaya gives leave entitlements to employees including
      bagi karyawan perempuan, serta istirahat sakit dan cuti           maternity, miscarriage, and menstruation leave for female
      menunaikan ibadah agama.                                          employees, as well as sick breaks and leave for religious
  3. Ruang Laktasi                                                      worship.
      Erajaya menyediakan ruang laktasi untuk mendukung              3. Lactation Room
      program pemerintah pemberian Air Susu Ibu (ASI)                   Erajaya provides lactation rooms to support the
      eksklusif bagi karyawan wanita yang masih memberikan              government’s exclusive breastfeeding (ASI) program for
      ASI untuk anak berusia 0 – 6 bulan.                               female employees who are still breastfeeding for children
  4. Ruang Multifungsi                                                  aged 0-6 months.
      Erajaya Group menyediakan ruang multifungsi bagi               4. Multifunction Room
      karyawan untuk melaksanakan aktivitas seperti berbagai            Erajaya Group provides multifunctional rooms for
      pelatihan, program corporate wellness, dan berbagai               employees to carry out activities such as various trainings,
      kegiatan lainnya.                                                 corporate wellness programs, and various other activities.
  5. Fasilitas Olahraga                                              5. Sports Facilities
      Erajaya menyediakan fasilitas olah raga untuk karyawan            Erajaya provides sports facilities for employees such as
      seperti lapangan basket, futsal, dan bulutangkis.                 basketball, futsal and badminton courts.




2023 ANNUAL REPORT                                                                        P T E R A J AYA S WA S E M B A D A T B K       285
Page 288
            ta n g g u n g j awa b s o s i a l & l i n g ku n g a n




      MENYEDIAKAN LINGKUNGAN KERJA
      YANG LAYAK, AMAN, DAN NYAMAN                                                                        [POJK F.21]

      PROVIDING A DECENT, SAFE, AND COMFORTABLE
      WORK ENVIRONMENT [POJK F.21]

      Erajaya berkeyakinan bahwa kondisi karyawan yang
      sehat secara mental dan fisik berbanding lurus dengan
      produktivitas kerja yang dihasilkan. Oleh karena itu kami
      menyediakan lingkungan kerja yang layak, aman, dan
      nyaman serta terus berusaha membangun hubungan kerja
      yang harmonis dengan seluruh karyawan.

      Erajaya believes that the mental and physical health of employees is directly related to their work
      productivity. Therefore, we provide a decent, safe, and comfortable work environment and continues
      to build a harmonious working relationship with all employees.



      Meskipun kegiatan usaha Erajaya tidak berisiko tinggi           Even though Erajaya’s business activities do not pose a high
      terhadap kecelakaan kerja, kami tetap menunjukkan tanggung      risk of work accidents, we still shows full responsibility
      jawab dan komitmen penuh untuk memastikan keselamatan           and commitment to ensure safety and protection for all
      dan perlindungan bagi seluruh karyawan saat bekerja.            employees while working. Therefore, we consistently builds
      Oleh sebab itu, kami secara konsisten membangun dan             and promotes OHS culture for all employees. We established
      mempromosikan budaya K3 kepada semua karyawan. Kami             Emergency Response Team (ERT) who assigned to evacuate
      memiliki Emergency Response Team (ERT) yang bertugas            employees in the event of an emergency at Erajaya head
      melakukan evakuasi karyawan apabila terjadi keadaan             office.
      darurat di kantor pusat Erajaya.

       Secara rutin ERT melakukan sosialisasi untuk meningkatkan      ERT periodically conducts outreach to increase employee
      kesadaran karyawan terhadap aspek keselamatan kerja             awareness of work safety aspects including evacuation
      termasuk prosedur evakuasi ketika terjadi bencana,              procedures when a disaster occurs, inspects the availability
      memeriksa ketersediaan dan kesiapan Alat Pemadam Arpi           and readiness of Light Fire Extinguishers (APAR) in strategic
      Ringan (APAR) di tempat-tempat strategis, serta memastikan      places, and ensures that the level of work safety in office area
      bahwa tingkat keselamatan kerja di area kantor sudah            meets regulatory standards which is determined.
      memenuhi standar regulasi yang ditentukan.

      Kami meyakini lingkungan kerja yang sehat dan aman              We believe a healthy and safe work environment in accordance
      sesuai dengan praktik operasi yang adil bagi karyawan           with fair operating practices for employees can contribute to
      dapat berkontribusi terhadap kelangsungan bisnis Erajaya,       Erajaya’s business continuity, help attract and retain the best
      membantu menarik dan mempertahankan talenta terbaik,            talent, and increase productivity. Until the end of 2023, no
      serta meningkatkan produktivitas. Hingga akhir tahun 2023,      occupational accidents occurred at the head office.
      tidak ada kecelakaan kerja yang terjadi di kantor pusat.




286      P T E R A J AYA S WA S E M B A D A T B K                                                        L A P O R A N TA H U N A N 2 0 2 3
Page 289
                                                                  social & environmental responsibility




      Menjaga Kesehatan Karyawan
      Maintaining Employee Health

       Erajaya berkomitmen untuk selalu memperhatikan kualitas   Erajaya is committed to always pay attention to the quality
       kesehatan fisik seluruh karyawan dengan memberikan        of the physical health of all employees by providing regular
       fasilitas medical check-up secara berkala. Program ini    medical check-up facilities. This program is part of the
       merupakan bagian dari implementasi K3 agar kami dapat     implementation of OHS so that we can find out the health
       mengetahui kondisi kesehatan karyawan, sehingga kami      condition of employees to determine each employee’s
       dapat menentukan kemampuan setiap karyawan dalam          ability to carry out work based on their health condition.
       melakukan pekerjaan berdasarkan kondisi kesehatannya.     In accordance with applicable laws and regulations, we
       Sesuai dengan peraturan perundang-undangan yang           include all permanent employees in the Employment
       berlaku, kami mengikutsertakan semua karyawan tetap       BPJS program, which includes Work Accident Benefits
       dalam program BPJS Ketenagakerjaan, yang mencakup         (JKK), Death Benefits (JK), and Old Age Benefits (JHT), as
       Jaminan Kecelakaan Kerja (JKK), Jaminan kematian (JK),    well as Health BPJS with calculations in accordance with
       dan Jaminan Hari Tua (JHT), serta BPJS Kesehatan dengan   government regulations.
       perhitungan sesuai dengan peraturan pemerintah.




2023 ANNUAL REPORT                                                                   P T E R A J AYA S WA S E M B A D A T B K   287
Page 290
        ta n g g u n g j awa b s o s i a l & l i n g ku n g a n




288   P T E R A J AYA S WA S E M B A D A T B K                    L A P O R A N TA H U N A N 2 0 2 3
Page 291
                                                  social & environmental responsibility




                     BERSAMA MEMBANGUN
                     KOMUNITAS YANG
                     MANDIRI
                     TOGETHER BUILDING AN
                     INDEPENDENT COMMUNITY




                     Melalui program CSR, Erajaya berkomitmen
                     meningkatkan akses bagi komunitas sekitar kami
                     agar mampu mengoptimalkan potensi ekonomi
                     yang mereka miliki sambil bersama-sama
                     menjaga kelestarian sumber daya alam demi
                     membangun masa depan yang lebih baik.

                     Through the CSR program, Erajaya is committed to increasing access
                     for our surrounding communities so that they are able to optimize
                     economic potential they have while jointly preserving natural
                     resources to build a better future.




2023 ANNUAL REPORT                                              P T E R A J AYA S WA S E M B A D A T B K   289
Page 292
             ta n g g u n g j awa b s o s i a l & l i n g ku n g a n




      190                                                Rp
                                                                   839                            >200
      pese r ta                                          j u ta                                   keluarga
      participants                                       million                                  families


      Program Magang Vokasi Emil                         Realisasi biaya CSR tahun                Penerima manfaat
      (Erajaya Micro Learning) 2023.                     2023, naik 79% dari Rp469                pembangunan sarana
      Emil’s (Erajaya Micro Learning)                    juta pada tahun 2022.                    air bersih di Desa Tileng,
      Internship Program in 2023.                        Realization of CSR cost in 2023,         Kabupaten Gunung Kidul, DI
                                                         increased by 79% from Rp469 million      Yogyakarta.
                                                         in 2022.
                                                                                                  Beneficiaries of the construction
                                                                                                  of clean water facilities in Tileng
                                                                                                  Village, Gunung Kidul Regency, DI
                                                                                                  Yogyakarta.




      TRANSFORMASI CSR GRUP ERAJAYA
      ERAJAYA GROUP CSR TRANSFORMATION

      Pada awalnya, Erajaya melaksanakan program CSR sebagai                Initially, Erajaya implemented CSR programs as an effort
      upaya untuk memberikan dampak positif bagi karyawan,                  to have a positive impact on employees, customers, the
      pelanggan, lingkungan dan masyarakat luas.                            environment and the wider community.

      Dalam beberapa tahun terakhir, Erajaya mulai memperkuat               In recent years, Erajaya has begun to strengthen its focus
      fokusnya pada penerapan prinsip-prinsip sosial, lingkungan,           on implementing environmental, social, and governance
      dan tata kelola (ESG). Melalui ESG, kami dapat mengukur               (ESG) principles. Through ESG, we are able to measure up
      sampai pada penilaian metrik dan kuantitatif yang lebih               to a more accurate metric and quantitative assessment of
      akurat atas kegiatan CSR yang kami lakukan, seperti berapa            the CSR activities we carry out, such as how many kilowatts
      kilowatt efisiensi energi yang telah kami hasilkan, berapa ton        of energy efficiency we have produced, how many tons of
      emisi karbon yang dihindari, dengan target untuk kemajuan             carbon emissions have been avoided, with targets for better
      lingkungan yang lebih baik dari tahun ke tahun.                       environmental progress from year to year.

      Kami meyakini bahwa ESG adalah dasar bagi keberlanjutan               We believe that ESG forms the foundation for Erajaya’s
      usaha Erajaya ke depan karena integrasi prinsip-prinsip ESG           future business sustainability because integrating ESG
      ke dalam proses bisnis akan membantu Erajaya memitigasi               principles into business process will help Erajaya mitigate
      risiko reputasi, mematuhi peraturan perundang-undangan                reputation risks, comply with the applicable regulations,
      yang berlaku, memenuhi harapan pemangku kepentingan,                  meet stakeholder expectations, create long-term value, as
      menciptakan nilai jangka panjang, serta memberikan akses              well as access to global investors and sustainable market
      ke investor global dan peluang pasar yang berkelanjutan.              opportunities.

      Dari aktivitas CSR sebelumnya yang hanya menghasilkan                 From previous CSR activities that only produced limited
      dampak terbatas dan terpisah dari aktivitas operasional, kini         impacts and separated from operational activities, Erajaya
      Erajaya telah mengelola dampak operasi Erajaya terhadap               has now managed the impact of Erajaya’s operations on
      aspek lingkungan dan sosial sebagai manifestasi dari investasi        environmental and social aspects as a manifestation of
      yang bertanggung jawab, berintegritas, dan berkelanjutan.             responsible, integrity-driven, and sustainable investment.




290       P T E R A J AYA S WA S E M B A D A T B K                                                           L A P O R A N TA H U N A N 2 0 2 3
Page 293
                                                                  social & environmental responsibility




  FOKUS PADA PEMBERDAYAAN MASYARAKAT                             FOCUS ON POTENTIAL-BASED COMMUNITY
  BERBASIS POTENSI                                               EMPOWERMENT
  Kami terus berinovasi dalam kegiatan pemberdayaan              We continue to innovate in community empowerment
  masyarakat yang berfokus pada Social Entrepreneurship.         activities that focus on Social Entrepreneurship. We encourage
  Kami mendorong potensi kewirausahaan di kalangan               entrepreneurial potential among low-income communities to
  masyarakat berpenghasilan rendah untuk membangun bisnis        build MSME businesses that may become part of the Erajaya
  UMKM yang dapat menjadi bagian dari rantai nilai Grup          Group value chain.
  Erajaya.

  Social Entrepreneurship menjadi suatu pendekatan               Social Entrepreneurship is an approach to solving social
  untuk menyelesaikan masalah sosial melalui strategi            problems through business strategies. People who were
  bisnis. Masyarakat yang semula adalah kelompok rentan          previously vulnerable groups (unemployed, elderly, women,
  (pengangguran, lanjut usia, perempuan, difabel) yang           disabled) who were unproductive or were casual workers,
  tidak produktif atau menjadi pekerja serabutan, kini mulai     are now starting to be able to recognize and run businesses
  bisa mengenal dan menjalankan usaha untuk memenuhi             to meet their household needs. As Erajaya’s vertical business
  kebutuhan rumah tangganya. Seiring terus pertumbuhan           continues to grow, our sustainability activities are increasingly
  bisnis vertikal Erajaya, kegiatan keberlanjutan kami menjadi   developing into Creating Shared Value (CSV).
  semakin berkembang menjadi Creating Shared Value (CSV).




  Jika CSR adalah menciptakan atau membangun citra
  perusahaan, maka CSV mengintegrasikan isu dan
  tantangan masyarakat ke dalam penciptaan nilai ekonomi
  dan sosial. CSV membuka kebutuhan baru, pasar baru,
  konfigurasi rantai nilai baru, dan cara berpikir baru
  tentang bisnis. (Porter, 2013)
  If CSR is about creating or building a company image, then CSV integrates societal issues and
  challenges into the creation of economic and social value. CSV opens new needs, new markets, new
  value chain configurations, and new ways of thinking about business. (Porter, 2013)


  CSV merupakan sebuah cara berbisnis yang melihat faktor-       CSV is a way of doing business that sees social and
  faktor sosial dan lingkungan tidak hanya sebagai faktor        environmental factors not only as external factors, but also as
  eksternal, melainkan juga sebagai bagian integral dari         an integral part of business where Erajaya and the community
  bisnis dimana Erajaya dan masyarakat menjadi mitra kerja       become balanced partners in meeting the needs of Erajaya
  yang seimbang dalam memenuhi kebutuhan Erajaya dan             and the community.
  masyarakat.

  Konsep CSV menawarkan kerangka holistik untuk menyatukan       The CSV concept provides a comprehensive framework for
  sebagian besar perdebatan atas kelemahan TJSL, strategi        addressing the shortcomings of CSR, non-market strategies,
  non-pasar, kewirausahaan sosial dan inovasi sosial. Dengan     social entrepreneurship, and social innovation. In other
  kata lain, CSV merupakan strategi penting dalam ekosistem      words, CSV is an essential business strategy in the business
  bisnis untuk mendapatkan keuntungan kompetitif melalui         ecosystem for gaining a competitive advantage through
  kegiatan masyarakat yang dapat menciptakan keberlanjutan       community initiatives that can lead to long-term corporate
  perusahaan dalam jangka panjang.                               sustainability.




2023 ANNUAL REPORT                                                                  P T E R A J AYA S WA S E M B A D A T B K         291
Page 294
            ta n g g u n g j awa b s o s i a l & l i n g ku n g a n




      KEGIATAN CSR TAHUN 2023                                                        [POJK F.25]

      CSR ACTIVITIES IN 2023 [POJK F.25]

      MENDORONG LINK AND MATCH PENDIDIKAN                              ENCOURAGING LINKS AND MATCHES OF
      VOKASI DENGAN INDUSTRI RITEL                                     VOCATIONAL EDUCATION AND RETAIL INDUSTRY
      Sejak lama Grup Erajaya menjadi salah satu tempat praktik        For a long time, Erajaya Group has been one of the favorite
      kerja lapangan (PKL) atau magang favorit bagi siswa-siswa        places for internship programs of Vocational High School
      Sekolah Menengah Kejuruan (SMK), khususnya di gerai-             (SMK) students, especially at Erajaya Digital outlets. Erajaya
      gerai Erajaya Digital. Erajaya melihat kompetensi praktis para   sees that the practical competencies of SMK students still
      siswa SMK masih harus ditingkatkan lagi agar setelah lulus       need to be improved so that after graduating they are ready
      mereka sudah siap kerja dengan kompetensi yang sesuai            to work with competencies that suit industry needs. In
      dengan kebutuhan industri. Pada tahun 2022, Erajaya mulai        2022, Erajaya began designing a more systematic internship
      merancang program magang yang lebih sistematis bekerja           program in collaboration with the Ministry of Education,
      sama dengan Kementerian Pendidikan, Kebudayaan, Riset,           Culture, Research and Technology. Several SMK students
      dan Teknologi (Kemendikbudristek). Sejumlah siswa SMK            play the role of Erajaya Representative Officer (ERO) at
      menjalankan peran sebagai Erajaya Representative Officer         Erafone outlets in the Jakarta area.
      (ERO) di gerai Erafone di wilayah Jakarta.

      Pada tahun 2023, untuk mendukung komitmen pemerintah             In 2023, to support the government’s commitment to
      mengakselerasi revitalisasi pendidikan dan pelatihan vokasi      accelerate the revitalization of vocational education and
      yang dituangkan dalam Peraturan Presiden (Perpres) Nomor         training as outlined in Presidential Regulation (Perpres)
      68 Tahun 2022, Erajaya memperluas cakupan program                Number 68 of 2022, Erajaya expanded the scope of the
      magang SMK menjadi Program Kemitraan Vokasi. Satuan              Vocational School internship program to become a Vocational
      Pendidikan Vokasi (SPV) tidak hanya jenjang SMK tetapi juga      Partnership Program. The Vocational Education Unit (SPV) is
      perguruan tinggi vokasi.                                         not only at the vocational school level but also at vocational
                                                                       colleges.

      Program Kemitraan Vokasi mencakup peningkatan                    The Vocational Partnership Program includes increasing
      kompetensi guru dan murid, penyelarasan kurikulum,               teacher and student competency, curriculum alignment,
      program magang guru dan murid, program kewirausahaan,            teacher and student internship programs, entrepreneurship
      hingga rekrutmen lulusan vokasi di unit bisnis Erajaya.          programs, and recruitment of vocational graduates in Erajaya
                                                                       business units.




292      P T E R A J AYA S WA S E M B A D A T B K                                                       L A P O R A N TA H U N A N 2 0 2 3
Page 295
                                                                         social & environmental responsibility




  Berdasarkan survei Kemendikbudristek pada tahun 2021,                Based on a survey by the Ministry of Education, Culture,
  minat masyarakat terhadap pendidikan vokasi cukup tinggi,            Research, and Technology in 2021, public interest in
  82,05% responden menyatakan tertarik melanjutkan                     vocational education is quite high, 82.05% of respondents
  pendidikan ke SMK. Sementara di Erajaya, sekitar 77%                 said they were interested in continuing their education to
  karyawan merupakan lulusan dari SMK atau setara. Data ini            SMK. Meanwhile in Erajaya, around 77% of employees are
  menunjukkan adanya kecocokan antara minat dan penyerapan             SMK graduates or equivalent. This data shows that there is a
  dunia usaha atas lulusan vokasi.                                     match between interest and the business world’s absorption
                                                                       of vocational graduates.




                                   Mendapatkan SDM yang berkualitas itu tidak mudah. Pemerintah membangun program
                                   pendidikan vokasi tentu dengan tujuan menyediakan SDM yang siap terjun ke industri.
                                   Tetapi pembelajaran di kelas saja tidak cukup. Para siswa pendidikan vokasi harus diberikan
                                   kesempatan untuk magang. Nah, dengan Program Kemitraan Vokasi, kami ingin melahirkan
                                   lulusan program vokasi yang siap kerja, baik lulusan SMK maupun perguruan tinggi vokasi.
                                   Erajaya juga membuka peluang untuk merekrut mereka setelah lulus, karena kami sudah
                                   mengetahui kualifikasi mereka. Pada akhirnya, program ini juga mendukung strategi
                                   ekspansi Erajaya ke depan yang membutuhkan banyak talenta-talenta baru.

      Budiarto Halim,              “Acquiring quality HR is not easy. The government has developed vocational education
      Direktur Utama Erajaya
      Erajaya President Director   programs with the aim of providing HR who are ready to enter industry. But classroom
                                   learning is not enough. Vocational education students must be given the opportunity to do
                                   internships. So, with the Vocational Partnership Program, we want to produce vocational
                                   program graduates who are ready to work, both vocational school and college graduates.
                                   Erajaya also opens opportunities to recruit them after graduating because we already know
                                   their qualifications. In the end, this program also supports Erajaya’s future expansion strategy
                                   which requires a lot of new talents.




                                   Apresiasi kami kepada Erajaya atas komitmen dan kontribusinya
                                   mengembangkan pendidikan vokasi di Indonesia. Kami berharap kerja
                                   sama ini dapat mewujudkan link and match antara SPV dan kebutuhan
                                   bisnis Grup Erajaya. Kami siap menjembatani tindak lanjut kemitraan
                                   antara SPV dan Grup Erajaya.

                                   Our appreciation goes to Erajaya for the commitment and contribution
                                   to developing vocational education in Indonesia. We hope that this
                                   collaboration can realize a link and match between the SPV and the
      Uuf                          Erajaya Group’s business needs. We are ready to bridge the follow-up
      Brajawidagda,                partnership between SPV and the Erajaya Group.
      S.T., M.T., Ph.D.
      Plt Direktur Kemitraan
      dan Penyelarasan Dunia
      Usaha dan Dunia Industri,
      Kemendikbudristek
      Acting Director of
      Partnership and
      Harmonization of the
      Business and Industrial
      Worlds, Ministry of
      Education, Culture.
      Research, and Technology.




2023 ANNUAL REPORT                                                                         P T E R A J AYA S WA S E M B A D A T B K   293
Page 296
            ta n g g u n g j awa b s o s i a l & l i n g ku n g a n




      GREEN LEGACY - MENGHIJAUKAN
      HUTAN, MEMBERDAYAKAN
      MASYARAKAT DI WANA ERAJAYA
      GREEN LEGACY – GREENING FOREST,
      EMPOWERING COMMUNITIES IN WANA ERAJAYA

      Pada tahun 2018, Erajaya menginisiasi program Wana Erajaya      In 2018, Erajaya initiated the Wana Erajaya program which
      yang berkembang menjadi Rumpin Eco Edu Forest (REEF)            developed into Rumpin Eco Edu Forest (REEF) in 2021. REEF
      pada tahun 2021. REEF adalah program pengembangan               is a program to develop the Rumpin forest area belonging to
      kawasan hutan Rumpin milik Kementerian Lingkungan               the Ministry of Environment and Forestry (Ministry of LHK)
      Hidup dan Kehutanan (Kementerian LHK) sebagai kawasan           as a conservation, education, and community recreation area.
      konservasi, edukasi, dan rekreasi masyarakat. Erajaya           Erajaya is collaborating with the Bogor Environment and
      berkolaborasi dengan Balai Diklat Lingkungan Hidup dan          Forestry Training Center (BDLHK) to develop the BDLHK
      Kehutanan (BDLHK) Bogor untuk mengembangkan kawasan             Training Forest area.
      hutan Diklat BDLHK tersebut.

      Program REEF juga mencakup kegiatan agroforestry,               The REEF program also includes agroforestry activities, in the
      berupa pemberdayaan masyarakat sekitar kawasan hutan            form of empowering surrounding communities so that they
      agar mereka dapat mengakses sumber daya lokal dan               can access local resources and produce economically valuable
      menghasilkan komoditas bernilai ekonomis tanpa merusak          commodities without destroying the forest ecosystem. This
      ekosistem hutan. Program ini sudah menghasilkan beberapa        program has produced several local commodities, such as
      komoditas lokal, seperti aneka sayuran dan buah dengan          various vegetables and fruit using the intercropping method,
      metode tumpang sari, madu, minyak atsiri, dan jamur tiram.      honey, essential oil, and oyster mushrooms.

      Hingga tahun 2023, program diikuti oleh lebih dari 120          Until 2023, the program has participated by more than 120
      kepala keluarga sebagai petani dan pelaku UMKM dengan           heads of families as farmers and MSMEs with potential
      potensi penghasilan lebih dari Rp10 juta per periode panen.     income of more than Rp10 million per harvest period. Erajaya
      Erajaya menyediakan berbagai program pendukung seperti          provides various supporting programs such as assistance,
      pendampingan, penyuluhan, termasui pelatihan dan bantuan        counseling, including training and machine assistance for
      mesin untuk pengolahan produk pasca panen, bekerja sama         post-harvest product processing, in collaboration with
      dengan para praktisi.                                           practitioners.




294      P T E R A J AYA S WA S E M B A D A T B K                                                      L A P O R A N TA H U N A N 2 0 2 3
Page 297
                                                                       social & environmental responsibility




  Pada tahun 2023, dalam acara “Green Legacy”, Erajaya               In 2023, in the “Green Legacy” event, Erajaya handed over
  menyerahkan pengelolaan Wana Erajaya kepada Kementerian            the management of Wana Erajaya to the Ministry of LHK and
  LHK dan masyarakat setempat untuk melanjutkan                      the local community to continue its management. However,
  pengelolaannya. Namun Erajaya tetap terlibat dalam                 Erajaya remains involved in community empowerment
  program pemberdayaan masyarakat agar kesinambungan                 programs to maintain the program continuity. The success
  program terjaga. Tingkat keberhasilan program rehabilitasi         rate of Wana Erajaya rehabilitation program reached >95%
  Wana Erajaya mencapai >95% sejak 2018 hingga 2023.                 from 2018 to 2023.




                                  Kami ucapkan terima kasih kepada Erajaya atas kerja sama yang sudah
                                  dibina sejak 2018 dengan Kementerian LHK melalui BPLHK. Kami sangat
                                  mengapresiasi kontribusi dan peran Erajaya dalam upaya rehabilitasi kawasan
                                  hutan Rumpin sekaligus pemberdayaan masyarakat. Kami yakin masyarakat
                                  setempat akan menjaga kelestarian Wana Erajaya karena hutan ini juga sudah
                                  menjadi sumber kehidupan mereka.

                                  We would like to thank Erajaya for the cooperation with the Ministry of
                                  Environment and Forestry through BPLHK since 2018. We really appreciate
      Dr. Ir.                     Erajaya’s contribution and role in efforts to rehabilitate the Rumpin forest area
      Kusdamayanti,               as well as community empowerment. We believe that the local community will
      M.Si.                       preserve Wana Erajaya since the forest has also become their source of life.
      Kepala Pusdiklat SDM
      Kementerian LHK
      Head of HR Education and
      Training Center, Ministry
      of LHK




                                  Pengembangan kawasan Wana Erajaya adalah salah satu wujud komitmen
                                  kami untuk melestarikan lingkungan, mereduksi emisi CO2, dan memberdayakan
                                  masyarakat sekitar. Oleh karenanya, program yang kami jalankan tidak hanya sekadar
                                  menanam pohon secara seremonial, tetapi merupakan program berkelanjutan untuk
                                  memaksimalkan manfaat ekonomi dari keberadaan hutan bagi masyarakat setempat.
                                  Erajaya berkomitmen untuk terus mengembangkan dan membina kegiatan UMKM di
                                  kawasan Wana Erajaya agar mereka dapat menjadi pelaku usaha yang tangguh dan
                                  mandiri.

      Jimmy Perangin              The development of Wana Erajaya area is a manifestation of our commitment
      Angin                       to preserving the environment, reducing CO2 emissions, and empowering local
      Chief of HC, Legal, GA, &
      CSR Erajaya
                                  communities. Therefore, the program we carried out is not just ceremonial planting of
      Chief of HC, Legal, GA, &   trees but is a sustainable program to maximize the economic benefits of the existence
      CSR Erajaya                 of forest for local communities. Erajaya is committed to continuing to develop and
                                  foster MSME activities in the Wana Erajaya area to make them strong and independent
                                  businesses.




2023 ANNUAL REPORT                                                                        P T E R A J AYA S WA S E M B A D A T B K   295
Page 298
            ta n g g u n g j awa b s o s i a l & l i n g ku n g a n




                Program Berkelanjutan                   Rincian Kegiatan                     Lokasi               Waktu                 Capaian
       No
                 Sustainable Program                   Details of Activities                Location              Period              Achievement


      Pendidikan | Education

        1     Program Magang Vokasi           Program Magang on Store & Online         Jabodetabek,        Maret-Mei & Okt -     190 Peserta Magang
              Emil (Erajaya Micro Learning)   Siswa SMK mengenai bisnis retail         Banten, Solo        November
                                              Erajaya Group

              Emil's (Erajaya Micro           On Store & Online Internship Program     Greater Jakarta,    March – May           95 Internship
              Learning) Internship            for Vocational High School students      Banten, Solo        & October –           participants
              Program                         regarding the retail business of                             November
                                              Erajaya Group

        2     Program Guru Merdeka            Program sinergi dan optimalisasi         Jakarta             Oktober -             223 guru peminat
              Mengajar                        peningkatan kompetensi tenaga                                Desember              program Guru Merdeka
                                              pendidik sebagai representative                                                    Mengajar. Program ini
                                              trainer Erajaya di satuan pendidikan                                               masih berlangsung
                                              vokasi.                                                                            hingga 2024 dengan
                                                                                                                                 15-20 guru untuk tahap
                                                                                                                                 awal.

              Guru Merdeka Mengajar           Synergy and optimization program         Jakarta             October -             223 teachers interested
              Program                         to increase teacher competency as                            December              in the Guru Merdeka
                                              Erajaya representative trainers in                                                 Mengajar program. This
                                              vocational education units.                                                        program will continue
                                                                                                                                 to 2024 with 15-20
                                                                                                                                 teachers at the initial
                                                                                                                                 phase.

        3     Program Perluasan               Program sinergi dan optimalisasi         Wilayah Sumatera,   Juni                  Perjanjian kerja sama
              Kerja Sama Peningkatan          peningkatan SDM Vokasi dan link          Jawa, Kalimantan,                         dengan 79 SPV.
              Kompetensi SDM Satuan           match dengan lini bisnis Grup Erajaya.   Bali, Sulawesi.
              Pendidikan Vokasi (SPV).

                                              Webinar Vokasinesia Series Industri                          17 Mei                Diikuti oleh >500 SPV
                                              1: Lebih Dekat dengan Erajaya.                                                     dari seluruh Indonesia.

              Expansion program of            Synergy and optimization program of      Sumatra, Java,      June                  Cooperation agreement
              Cooperation to Improve HR       Vocational HR improvement and link       Kalimantan, Bali,                         with 79 SPV.
              Competency in Vocational        match with Erajaya Group business        Sulawesi regions.
              Education Units (SPV).          lines.

                                              Vokasinesia Series Industry Webinar                          May 17                Attended by >500 SPVs
                                              1: Closer to Erajaya.                                                              from all over Indonesia.

        4     Erajaya Vocational Day          Program paparan kerja sama Erajaya       Jakarta             November              >250 peserta Erajaya
                                              dengan SPV, platform untuk berbagi                                                 Vocational Day dan >
                                              pengetahuan dan memberikan                                                         60 orang peserta Hiring
                                              akomodasi bagi SPV dalam kerja                                                     Corner.
                                              sama dengan Erajaya. Sub kegiatan
                                              berupa Talkshow HerVocational,
                                              Hiring Corner, dan stand booth karya
                                              siswa SMK serta unit Bisnis Erajaya.

              Erajaya Vocational Day          Erajaya's collaboration exposure         Jakarta             November              >250 Erajaya Vocational
                                              program with SPV, a platform                                                       Day participants and
                                              to share knowledge and provide                                                     >60 Hiring Corner
                                              accommodation for SPV in                                                           participants.
                                              collaboration with Erajaya. Sub-
                                              activities included HerVocational
                                              Talkshow, Hiring Corner, and a booth
                                              created by vocational school students
                                              and the Erajaya Business unit.

      Kesehatan | Health

        1     Erajaya Wellness Day 2023       Kegiatan donor darah bekerja sama        Jakarta             Maret, Juni,          >300 kantong darah.
                                              dengan PMI dan divisi-divisi Erajaya.                        November


              Erajaya Wellness Day 2023       Blood donation activities in             Jakarta             March, June,          >300 bags of blood.
                                              collaboration with PMI and Erajaya                           November
                                              divisions.

        2     Program Pembangunan             Pembangunan sarana air bersih di         Yogyakarta          Juni                  >200 keluarga
              Sarana Air Bersih               Desa Tileng, Kabupaten Gunung                                                      penerima manfaat.
                                              Kidul Yogyakarta.

              Clean Water Facilities          Construction of clean water facilities   Yogyakarta          June                  >200 beneficiary
              Development Program             in Tileng Village, Gunung Kidul                                                    families.
                                              Regency, Yogyakarta.




296     P T E R A J AYA S WA S E M B A D A T B K                                                                           L A P O R A N TA H U N A N 2 0 2 3
Page 299
                                                                                 social & environmental responsibility




             Program Berkelanjutan                 Rincian Kegiatan                    Lokasi                    Waktu              Capaian
    No
              Sustainable Program                 Details of Activities               Location                   Period           Achievement


   Tingkat Pendapatan Riil atau Pekerjaan | Level of Real Income or Employment

     1     Program Agroforestry Wana     Program pertanian hutan dengan          Kabupaten Bogor        Januari - Desember   >120 KK terlibat dalam
           Erajaya.                      pola tumpang sari tanaman sayuran,                                                  pengelolaan lahan dan
           Pada tahun 2023, Wana         buah, jamur, dan bahan baku minyak                                                  UMKM dengan potensi
           Erajaya diserahterimakan      atsiri di lahan rehabilitasi Wana                                                   penghasilan lebih dari
           kepada Kementerian            Erajaya.                                                                            Rp10 juta per periode
           KLHK untuk pengelolaan                                                                                            panen.
           selanjutnya. Namun program
           pemberdayaan masyarakat
           sekitar tetap dilanjutkan
           oleh Erajaya.

           Wana Erajaya Agroforestry     Forest farming program with an          Bogor Regency          January - December   >120 families are
           Program.                      intercropping pattern of vegetables,                                                involved in land
           In 2023, Wana Erajaya has     fruit, mushrooms and essential oil                                                  management and
           been handed over to the       raw materials on the Wana Erajaya                                                   MSMEs with potential
           Ministry of Environment       rehabilitation area.                                                                income of more than
           and Forestry for further                                                                                          Rp10 million per
           management. However,                                                                                              harvest period.
           the local community
           empowerment program
           is still being continued by
           Erajaya.

     3     Program Erajaya Urban         Program pemanfaatan kawasan hijau       Kota Bogor             Januari - Desember   Pertanian Hidroponik
           Farming                       di daerah padat penduduk dengan                                                     dan Vertikultur oleh
                                         metode organik urban farming.                                                       30 orang anggota
                                                                                                                             kelompok tani.

           Erajaya Urban Farming         Green area rehabilitation program       City of Bogor          January - December   Hydroponic and
           Program                       in densely populated areas through                                                  Verticulture Farming
                                         organic urban farming methods.                                                      by 30 members of the
                                                                                                                             farmer group.

   Kemandirian Ekonomi | Economic Independence

     1     Program Berkelanjutan         Kerja sama Grup Erajaya dengan                                 5 Juni               Penandatanganan
           Dukungan terhadap UMKM.       Kementerian Koperasi dan                                                            MOU Erajaya dengan
                                         UKM (Kemenkop UKM) untuk                                                            Kemenkop UKM
                                         pengembangan rantai pasok di
                                         bidang perdagangan ritel dan
                                         aksesoris (kemitraan UMKM).

                                         Penyediaan sarana pameran dan           Kabupaten Bogor        Januari - Desember   Penyelenggaraan 5
                                         pemasaran rutin.                                                                    pameran UMKM, >500
                                         Assistance program for marketing                                                    produk terjual selama
                                         and exhibition facilities throughout                                                periode pameran.
                                         2023

                                         Koordinasi, pembinaan, dan              Jakarta, Kabupaten     Mei - Desember
                                         pengembangan mitra UMKM                 Bogor, Yogyakarta
                                         melalui pelatihan, bimbingan, dan
                                         pendampingan kepada mitra.

           Sustainable Support           Collaboration between Erajaya Group                            June 5               Signing of the Erajaya
           Program for MSMEs.            and the Ministry of Cooperatives                                                    MOU with the Ministry
                                         and SMEs (Kemenkop UKM) to                                                          of Cooperatives and
                                         develop supply chains in the retail                                                 Small and Medium
                                         and accessories trade sector (MSME                                                  Enterprises
                                         partnership).

                                         Providing routine exhibition and        Bogor Regency          January - December   Organizing 5 MSME
                                         marketing facilities.                                                               exhibitions, >500
                                                                                                                             products sold during the
                                                                                                                             exhibition period.

                                         Coordination, coaching and              Jakarta, Bogor         Mei - Desember
                                         development of MSME partners            Regency,
                                         through training, guidance, and         Yogyakarta
                                         assistance to partners.




2023 ANNUAL REPORT                                                                                    P T E R A J AYA S WA S E M B A D A T B K          297
Page 300
            ta n g g u n g j awa b s o s i a l & l i n g ku n g a n




                Program Berkelanjutan                  Rincian Kegiatan                      Lokasi                Waktu                 Capaian
       No
                 Sustainable Program                  Details of Activities                 Location               Period              Achievement


      Sosial Budaya & Lingkungan | Social Culture & Environment

        1     Donasi Ramadhan &             Pemberian paket sembako untuk anak         Jakarta &           April                  >300 orang penerima
              Peringatan Hari Besar         yatim dan masyarakat prasejahtera.         Kabupaten Bogor                            manfaat
              Keagamaan


              Ramadan Donations &           Providing basic food packages to           Jakarta & Bogor     April                  >300 beneficiaries
              Commemoration of Religious    orphans and underprivileged people.        Regency
              Holidays

        2     Donasi Peringatan Hari Raya   Donasi hewan kurban dan distribusi         Jakarta             July 2023              900 Penerima Manfaat
              Idul Adha                     daging qurban untuk masyarakat                                                        900 Beneficiaries
                                            Prasejahtera.

              Donations to commemorate      Donation of sacrificial animals and
              Eid al-Adha                   distribution of sacrificial meat to the
                                            underprivileged communities.

        3     Bantuan Kebencanaan           Bantuan untuk korban bencana               Plumpang, Jakarta   April                  Paket bantuan untuk
                                            kebakaran di Plumpang, Jakarta                                                        para korban.

                                            Bantuan untuk korban bencana               Kapuk, Jakarta      Agustus                Paket bantuan untuk
                                            kebakaran Kapuk, Jakarta                                                              karyawan Grup Erajaya
                                                                                                                                  yang terdampak.

              Disaster Assistance           Assistance for victims of the fire         Plumpang, Jakarta   April                  Assistance package for
                                            disaster in Plumpang, Jakarta                                                         victims.

                                            Assistance for victims of fire disaster    Kapuk, Jakarta      Agustus                Assistance package for
                                            in Kapuk, Jakarta                                                                     affected Erajaya Group
                                                                                                                                  employees.

        4     Erajaya Gadget Movement       Program reuse telepon genggam              Jakarta             Juni & November        69 SPV sebagai
                                            yang sudah tidak terpakai dari                                                        penerima manfaat
                                            karyawan Erajaya untuk diperbaiki                                                     program
                                            dan disumbangkan kepada siswa
                                            SPV dari keluarga prasejahtera untuk
                                            menundukung kegiatan belajar.

              Erajaya Gadget Movement       Reuse program for unused cell              Jakarta             June & November        69 SPVs as program
                                            phones from Erajaya employees to                                                      beneficiaries
                                            be repaired and donated to SPV
                                            students from underprivileged
                                            families to support learning activities.

        5     Program Wana Erajaya          Program konservasi dan rehabilitasi        Kabupaten Bogor     November               Acara Green Legacy
                                            hutan di kawasan Rumpin, Kabupaten                                                    dihadiri oleh >250 tamu
                                            Bogor yang dimulai sejak tahun                                                        dari Grup Erajaya dan
                                            2018. Pada tahun 2023, Erajaya                                                        pemangku kepentingan.
                                            menyerahkan kembali pengelolaan                                                       Tingkat keberhasilan
                                            Wana Erajaya kepada Kementerian                                                       rehabilitasi Wana
                                            LHK dan masyarakat setempat dalam                                                     Erajaya mencapai >95%
                                            acara "Green Legacy".                                                                 sejak 2018 hingga
                                                                                                                                  2023.


              Wana Erajaya Program          The forest conservation and                Bogor Regency       November               The Green Legacy event
                                            rehabilitation program in Rumpin,                                                     was attended by >250
                                            Bogor Regency started in 2018.                                                        guests from the Erajaya
                                            In 2023, Erajaya returned the                                                         Group and stakeholders.
                                            management of Wana Erajaya to                                                         The success rate
                                            the Ministry of LHK and the local                                                     of Wana Erajaya
                                            community in the "Green Legacy"                                                       rehabilitation reached
                                            event.                                                                                >95% from 2018 to
                                                                                                                                  2023.




298     P T E R A J AYA S WA S E M B A D A T B K                                                                            L A P O R A N TA H U N A N 2 0 2 3
Page 301
                                                                social & environmental responsibility




  PENGHARGAAN CSR
  CSR AWARDS

  Pada tahun 2023, Erajaya menerima sejumlah penghargaan       In 2023, Erajaya received several awards for the CSR
  atas program CSR yang kami lakukan. Kami memaknai            programs we carried out. We interpret all of awards as
  penghargaan tersebut sebagai pengakuan pihak eksternal       external recognition for what we have done and encouraged
  atas apa yang telah kami lakukan dan menjadi pendorong       us to do even better.
  bagi kami untuk berbuat lebih baik lagi.




                               1                           2                            3




  1. HR Excellence Awards                2. TrenAsia ESG Awards                      3. Apresiasi Mitra Strategis
     2023                                   2023                                        Kementerian Koperasi dan
                                                                                        UKM 2023
     Kategori: Bronze CSR Strategy           Kategori Sustainability Non-
     dari Human Resources Online.net         Primary Retail
                                                                                        Appreciation as Strategic
     Category: Bronze CSR Strategy           dari TrenAsia
                                                                                        Partner of the Ministry of
     from Human Resources Online.net         Category: TrenAsia Non-Primary
                                             Retail Sustainability
                                                                                        Cooperatives and SMEs
                                             from TrenAsia                              2023




2023 ANNUAL REPORT                                                              P T E R A J AYA S WA S E M B A D A T B K   299
Page 302
           ta n g g u n g j awa b s o s i a l & l i n g ku n g a n




      DAMPAK OPERASI TERHADAP
      MASYARAKAT SEKITAR                                                   [POJK F.23]

      IMPACT OF OPERATIONS ON SURROUNDING
      COMMUNITIES [POJK F.23]

      Erajaya memastikan bahwa kegiatan operasional kami                   Erajaya ensures that our operational activities do not have
      tidak menimbulkan dampak negatif bagi lingkungan                     a negative impact on the environment and the survival of
      dan kelangsungan hidup masyarakat sekitar, seperti                   the surrounding community, such as producing hazardous
      menghasilkan limbah Bahan Berbahaya dan Beracun (limbah              and toxic waste (B3 waste). We manage all forms of waste
      B3). Kami mengelola segala bentuk limbah yang dihasilkan             generated from daily business activities in accordance with
      dari kegiatan usaha sehari-hari sesuai dengan standar dan            applicable waste management standards and regulations as
      peraturan pengelolaan limbah yang berlaku sebagai upaya              an effort to mitigate environmental risks.
      memitigasi risiko lingkungan.
                                                                           From a social perspective, we develop harmonious
      Dari sisi sosial, kami membangun relasi yang harmonis                relationships with stakeholders to create mutually
      dengan para pemangku kepentingan untuk menciptakan                   supportive partnership relationships. Erajaya is committed
      hubungan kemitraan yang saling mendukung. Erajaya                    to continuously increase the provision of benefits to the
      berkomitmen untuk terus meningkatkan pemberian manfaat               surrounding community.
      bagi masyarakat sekitar.

      Kami berkeyakinan bahwa kegiatan operasional Grup Erajaya            We believe that Erajaya Group’s operational activities have
      membawa dampak positif bagi kehidupan masyarakat                     a positive impact on people’s lives, both in terms of creating
      baik dalam hal pembukaan lapangan kerja, maupun dalam                jobs and in meeting the needs of people who are increasingly
      memenuhi kebutuhan masyarakat yang semakin bergantung                dependent on the function of smartphones or other electronic
      pada fungsi smartphone ataupun barang elektronik lainnya.            goods. We also believe that the existence of Erajaya Group
      Kami juga meyakini keberadaan Grup Erajaya di tengah                 in the community always provides added value through the
      masyarakat senantiasa memberikan nilai tambah melalui                implementation of sustainable CSR programs.
      implementasi program-program CSR berkelanjutan yang
      kami lakukan.


      Saluran Pengaduan Masyarakat [POJK F.24]
      Public Complaint Channel [POJK F.24]

                                                                     Kami menyediakan kanal komunikasi bagi masyarakat
                                                                     untuk menyampaikan laporan pengaduan ataupun
                                                                     masukan terkait kegiatan usaha maupun produk
                                                                     dan jasa yang kami tawarkan. Hingga akhir tahun
                                                                     2023, kami tidak menerima laporan pengaduan dari
                                                                     pelanggan yang sifatnya material. Kami berkomitmen
                                                                     untuk menindaklanjuti dan memperbaiki setiap
                                                                     pengaduan yang diterima.
                                                                     We provide a communication channel for the public to submit reports
                                                                     of complaints or input regarding business activities as well as the
                                                                     products and services we offer. Until the end of 2023, we did not
                                                                     receive any material complaints from customers. We are committed to
                                                                     following up and correcting any complaints received.



             Jam Operasional
             Operational Hours                                            Email		              : customercare@erajaya.com
                                                                          contact center       : 1500372
             9.00 - 18.00 WIB                                             Whatsapp             : 0812 9077 7722

             Kecuali Hari Libur Nasional                                  Layanan Erica (Chatbot 24 jam. Whatsapp atau / Email
             Except Public Holidays                                       Erica Service (24-hour Chatbot. Whatsapp or / Email




300      P T E R A J AYA S WA S E M B A D A T B K                                                               L A P O R A N TA H U N A N 2 0 2 3
Page 303

          
Page 304
        ta n g g u n g j awa b s o s i a l & l i n g ku n g a n




302   P T E R A J AYA S WA S E M B A D A T B K                    L A P O R A N TA H U N A N 2 0 2 3
Page 305
                                                   social & environmental responsibility




                     TANGGUNG JAWAB
                     PENGEMBANGAN
                     PRODUK DAN JASA
                     BERKELANJUTAN
                     RESPONSIBILITY FOR SUSTAINABLE
                     PRODUCTS AND SERVICES




                     Erajaya meyakini bahwa keberhasilan dalam
                     mempertahankan pertumbuhan bisnis yang
                     berkelanjutan bukan semata-mata karena hasil
                     usaha sendiri melainkan karena adanya dukungan
                     dan kepercayaan yang terus-menerus diberikan
                     oleh para pelanggan dan mitra bisnis. Oleh karena
                     itu, kami berkomitmen untuk menghadirkan
                     produk dan layanan terbaik dengan setara bagi
                     seluruh pelanggan.

                     Erajaya believe that its success in maintaining sustainable business
                     growth is not solely due to its own business results but due to the
                     continuous support and trust given by its customers and business
                     partners. Therefore, we are committed to providing the best products
                     and services equally for all customers.




2023 ANNUAL REPORT                                               P T E R A J AYA S WA S E M B A D A T B K   303
Page 306
            ta n g g u n g j awa b s o s i a l & l i n g ku n g a n




      KOMITMEN PEMBERIAN LAYANAN
      PRODUK DAN JASA YANG SETARA
      KEPADA PELANGGAN                                                [POJK F.17]

      COMMITMENT TO PROVIDING EQUAL PRODUCTS
      AND SERVICES TO CUSTOMER [POJK F.17]

      Kami menjaga hubungan yang baik dengan seluruh pelanggan              We maintain good relationships with all customers by
      dengan berkomitmen untuk memberikan pelayanan yang                    committing to provide equal service without discriminating
      setara tanpa membeda-bedakan status sosial kelompok                   against certain social groups.
      tertentu.

      Komitmen ini tertuang dalam nilai-nilai luhur yang menjadi            This commitment is stated in noble values which are the
      soko guru Erajaya dan telah disosialisasikan kepada semua             cornerstones of Erajaya’s pillars and have been disseminated
      karyawan agar dalam menjalankan tugasnya, karyawan                    to all employees so that in carrying out their duties,
      harus selalu beorientasi pada pelanggan, salah satunya                employees must always be customer oriented, one of which
      dengan memberikan pelayanan terbaik demi tercapainya                  is by providing the best service to achieve the maximum level
      tingkat kepuasan pelanggan yang maksimal.                             of customer satisfaction.

      Kami memberikan pelatihan secara berkesinambungan                     We provide continuous training to employees, especially
      kepada karyawan, khususnya kepada para tenaga pemasar                 to frontliner who are stationed at Erajaya outlets and meet
      yang ditempatkan di gerai-gerai Erajaya dan bertemu                   customers directly. Educational and training materials
      langsung dengan pelanggan. Materi pendidikan dan pelatihan            provided include understanding the products being
      yang diberikan di antaranya tentang pemahaman atas                    sold. Erajaya ensures that our employees have a strong
      produk-produk yang dijual. Erajaya memastikan karyawan                understanding of corporate cultural values and are able to
      kami memiliki pemahaman yang kuat mengenai nilai-nilai                interpret these values properly for all customers.
      budaya perusahaan dan dapat menginterpretasikan nilai-
      nilai tersebut dengan baik kepada semua pelanggan.




304      P T E R A J AYA S WA S E M B A D A T B K                                                            L A P O R A N TA H U N A N 2 0 2 3
Page 307
                                                                     social & environmental responsibility




  INOVASI DAN PENGEMBANGAN PRODUK                                                                                   [POJK F.26]

  INNOVATION AND PRODUCT DEVELOPMENT [POJK F.26]

  Erajaya terus berinovasi pada beragam produk dan                  Erajaya continues to innovate in the various products and
  layanan yang kami miliki. Kami juga senantiasa berupaya           services we have. We also strive to present new consumer-
  menghadirkan produk dan layanan baru yang berpusat pada           centric products and services to meet the ever-growing needs
  konsumen (customer centric) untuk memenuhi kebutuhan              and desires of consumers.
  dan kenginan konsumen yang terus berkembang.

  LAYANAN PENGIRIMAN                                                DELIVERY SERVICE
  Salah satu inovasi kami adalah ayanan Mobile Selling dan          One of our innovations is Mobile Selling and EraXpress
  EraXpress. Kedua layanan ini merupakan program layanan            services. Both services are service programs in the form of
  berupa Home Delivery Service di mana produk yang dipesan          Home Delivery Service where products ordered by consumers
  konsumen dapat segera dikirimkan dari toko terdekat dalam         can be delivered immediately from the nearest store within 3
  waktu 3 jam. Layanan ini kami berikan untuk memberikan            hours. We provide this service to make it easy for consumers
  kemudahan bagi konsumen dalam mendapatkan produk                  to get the desired product without leaving the house. Product
  yang diinginkan tanpa perlu keluar rumah. Pemesanan               orders can also be made through the WhatsApp application
  produk juga bisa dilakukan melalui aplikasi WhatsApp atau         or through the Online to Offline (O2O) facility from www.
  melalui fasilitas Online to Offline (O2O) dari www.eraspace.      eraspace.co, where the goods and delivery will then be
  co, yang kemudian barang dan pengirimannya akan diproses          processed from the shop of choice of the consumer.
  dari toko pilihan konsumen.

  KATALOG ELEKTRONIK                                                ELECTRONIC CATALOG
  Erajaya menyebarkan informasi promo terbaru kepada                Erajaya disseminates the latest promo information to
  konsumen dalam bentuk katalog elektronik (e-Catalog)              consumers in the form of an electronic catalog (e-Catalog)
  sebagai salah satu strategi promosi digital. Melalui e-Catalog,   as a digital promotion strategy. Through the e-Catalog,
  konsumen dapat melihat portofolio produk lengkap Erajaya,         consumers can view Erajaya’s complete product portfolio,
  seperti smartphone semua merek; electrical dan wearable           such as smartphones of all brands; electrical and wearable
  accessories; produk lifestyle technology (Internet of Things),    accessories; lifestyle technology (Internet of Things) products,
  produk Home Appliances dan Gaming, produk SIM Card dan            Home Appliances and Gaming products, Telkomsel, Indosat
  isi ulang Telkomsel, Indosat Ooredoo, XL, dan Smartfren,          Ooredoo, XL and Smartfren SIM Card and top-up products, as
  serta produk untuk perbaikan dan penggantian TecProtec.           well as TecProtec repair and replacement products.

  Proses pemesanan produk-produk yang ada di e-Catalog              The process of ordering products in the e-Catalog can be
  dapat dilakukan dengan mudah melalui chat Whatsapp.               done easily via WhatsApp chat. The conveniences that we
  Kemudahan-kemudahan yang kami berikan melalui beragam             provide through various service innovations that have been
  inovasi layanan yang sudah dijalankan menjadi bukti atas          carried out are proof of the Company’s commitment to always
  komitmen kami untuk selalu memberikan pengalaman                  provide a pleasant shopping experience to all consumers.
  berbelanja yang menyenangkan kepada semua konsumen.

  APLIKASI DIGITAL ERASPACE                                         ERASPACE DIGITAL APPLICATION
  Erajaya terus membangun ekosistem bisnis yang selaras             Erajaya continues to build a business ecosystem that is
  dengan arah perkembangan digitalisasi agar bisnis dapat           aligned with the direction of digitalization development so
  bersaing dan berkembang di era digital. Untuk itu kami            that businesses can compete and develop in the digital era.
  memanfaatkan strategi digital dengan meluncurkan aplikasi         For this reason, we take advantage of its digital strategy by
  Eraspace yang dapat diunduh pada smartphone Android               launching the Eraspace application, which can be downloaded
  untuk berbelanja gadget, IOT dan produk lifestyle tanpa           on an Android smartphone and used to shop for gadgets, IOT,
  risiko.                                                           and lifestyle products without any risk.

  WEBSITE                                                           WEBSITE
  Strategi promosi agresif kami jalankan platform online, baik      Our aggressive promotion strategy is carried out on an online
  melalui online channel milik sendiri, yaitu www.eraspace.         platform, both through our own online channel, namely
  com maupun bekerja sama dengan para e-commerce player             www.eraspace.com and in collaboration with e-commerce
  di Indonesia untuk menawarkan produk-produk unggulan              players in Indonesia to offer superior products with various
  dengan beragam promosi dan kemudahan berbelanja.                  promotions and ease of shopping.




2023 ANNUAL REPORT                                                                     P T E R A J AYA S WA S E M B A D A T B K        305
Page 308
            ta n g g u n g j awa b s o s i a l & l i n g ku n g a n




      PRODUK DAN JASA YANG SUDAH DIEVALUASI
      KEAMANANNYA BAGI PELANGGAN                                                                        [POJK F.27]

      PRODUCTS AND SERVICES THAT HAVE BEEN
      UNDERGONE SAFETY TEST FOR CUSTOMERS [POJK F.27]


      Erajaya memastikan bahwa seluruh produk yang dijual di          Erajaya ensures that all products sold at Erajaya outlets are
      gerai-gerai Erajaya merupakan produk orisinal yang sudah        original products that have been tested for safety according
      teruji keamanannya sesuai standar mutu masing-masing            to the quality standards of each product and have an official
      produk dan bergaransi resmi.                                    guarantee.




      DAMPAK PRODUK DAN LAYANAN YANG
      DITAWARKAN                                 [POJK F.28]

      IMPACTS OF PRODUCTS AND SERVICES OFFERED [POJK F.28]

      Smartphone telah menjadi bagian yang tidak terpisahkan          Smartphones have become an integral part of people’s
      dari aktivitas masyarakat serta menjadi kebutuhan sehari-hari   activities and are a daily necessity that is used for school,
      yang digunakan untuk keperluan sekolah, bekerja, ataupun        work, or business needs. Amid massive technological
      berbisnis. Di tengah masifnya perkembangan teknologi yang       developments and high demand for these products, Erajaya is
      tingginya kebutuhan atas produk tersebut, Erajaya hadir         present with a variety of superior gadget products as a solution
      dengan beragam produk-produk gadget unggulan sebagai            for consumers to be able to update their smartphones to the
      sebuah solusi bagi konsumen agar dapat memperbarui              latest models every year in an easy way and at affordable
      smartphone mereka ke model terbaru setiap tahun dengan          prices.
      cara yang mudah dan harga terjangkau.

      Kami menyadari bahwa kegiatan usaha kami menghasilkan           We realize that our business activities generate waste
      limbah yang jika tidak dikelola secara benar dapat membawa      which, if not managed properly, can have a negative impact
      dampak negatif bagi lingkungan sekitar. Memahami hal ini,       on the surrounding environment. Understanding this, we
      kami menerapkan inisiatif go green di semua gerai Erajaya,      implemented a go green initiative at all Erajaya outlets, by no
      yaitu dengan tidak lagi menggunakan tas plastik untuk           longer using plastic bags for consumers who shop.
      konsumen yang berbelanja.

      Selain itu, kami memitigasi dampak operasi yang timbul dari     In addition, we mitigate the impact of operations arising
      rantai distribusi semaksimal mungkin. Kami menerapkan           from the distribution chain as much as possible. We apply a
      pendekatan green distribution, sebuah metode yang               green distribution approach, a method that aims to increase
      bertujuan untuk meningkatkan efisiensi transportasi             transportation efficiency in various ways, for example by
      melalui berbagai cara, misalnya dengan memaksimalkan            maximizing product shipping quotas in 1 trip by using a safe
      kuota pengiriman produk dalam 1 kali perjalanan dengan          and larger container design, to determine safe and effective
      menggunakan desain kontainer yang aman dan lebih besar,         distribution route routes. By applying this method, we not
      hingga menentukan rute jalur distribusi yang aman dan           only have a positive impact on the environment, but also as
      efektif. Dengan mengaplikasikan metode ini, kami tidak saja     one of the cost-reduction strategies that will increase profit.
      memberikan dampak positif pada lingkungan, namun juga
      sebagai salah satu strategi cost-reduction yang pada akhirnya
      dapat meningkatkan profit.




306      P T E R A J AYA S WA S E M B A D A T B K                                                        L A P O R A N TA H U N A N 2 0 2 3
Page 309
                                                                      social & environmental responsibility




  PENGENDALIAN DAN JAMINAN KUALITAS
  QUALITY CONTROL AND ASSURANCE

  Erajaya mengimplementasikan pengendalian kualitas                  Erajaya implements layered quality control that is reliable
  berlapis yang andal dan terintegrasi dengan jaringan               and integrated with its provider network. We have Internal
  penyedianya. Kami memiliki Fungsi Audit Internal untuk             Audit Function to ensure that various internal processes and
  memastikan bahwa beragam proses dan prosedur internal              procedures related to quality assurance are properly adhered
  sehubungan dengan jaminan kualitas dipatuhi dengan baik.           to. The parties who are responsible for quality control verify
  Pihak-pihak yang menjadi penanggung jawab pengendalian             the contents of each package received by the warehouse and
  kualitas melakukan verifikasi atas isi dari setiap paket yang      conduct random tests on the functionality of the device. The
  diterima oleh gudang dan melakukan pengujian secara acak           same process is carried out repeatedly with respect to the
  atas fungsionalitas dari perangkat tersebut. Proses yang           relevant transport parties prior to delivery from the company
  sama dilakukan berulang kali, sehubungan dengan pihak              warehouse.
  pengangkutan yang terkait, sebelum pengiriman dari gudang
  perusahaan.

  Di samping itu, kami juga mempekerjakan karyawan yang              In addition, we also assign employees who disguise
  menyamar menjadi pembeli (mystery shoppers) untuk                  themselves as buyers (mystery shoppers) to evaluate its
  mengevaluasi gerai ritelnya dan menyediakan pusat informasi        retail outlets and provide an information center (call center)
  (call center) untuk memberikan bantuan dan menerima                to give assistance and receive input from customers.
  masukan dari pelanggan.

  Semua yang kami lakukan adalah untuk memastikan produk             All of which we did to ensure that the products consumers
  yang diterima konsumen dalam kondisi yang baik. Hingga             receive are in good condition. Until now, there has never been
  saat ini, tidak pernah terjadi kasus produk yang ditarik kembali   a case of products being mass recalled due to production
  secara massal karena kesalahan produksi. [POJK F.29]               errors. [POJK F.29]




  SURVEI KEPUASAN PELANGGAN
  CUSTOMER SATISFACTION SURVEY [POJK F.30]

  Pada tahun 2023, Erajaya belum melakukan survei kepuasan           In 2023, Erajaya has not conducted a consumer satisfaction
  konsumen. Tetapi kami sangat mengutamakan kepuasan                 survey. However, we really prioritize customer satisfaction
  pelanggan baik terhadap produk yang dibeli maupun                  both with the products purchased and the services provided.
  pelayanan yang diberikan. Aspek kepuasan pelanggan kami            We get aspects of customer satisfaction from the direct
  dapatkan dari interaksi langsung frontliner kami di gerai          interaction of our frontliners at the outlet with customers.
  dengan pelanggan.

  kami memastikan untuk terus menjalankan usaha yang                 we ensure that we continue to run a customer-oriented
  berorientasi pada pelanggan dengan berfokus pada                   business by focusing on providing the best service for
  pemberian pelayanan terbaik demi kepuasan pelanggan,               customer satisfaction, this effort has been clearly stated in
  upaya ini telah secara jelas tercantum di dalam Pedoman            the Erajaya Code of Conduct.
  Perilaku Erajaya.




2023 ANNUAL REPORT                                                                      P T E R A J AYA S WA S E M B A D A T B K      307
Page 310
      REFERENSI SEOJK
      NOMOR 16/SEOJK.04/2021:
      LAPORAN TAHUNAN EMITEN
      ATAU PERUSAHAAN PUBLIK
      SEOJK NO. 16/SEOJK.04/2021:
      ANNUAL REPORT OF PUBLIC COMPANY


                                                                                  Halaman
                                         Keterangan                                                                       Description
                                                                                   Page

      I.    Ketentuan Umum                                                                  I.   General Provision

            1.   Dalam Surat Edaran Otoritas Jasa Keuangan ini yang dimaksud                     1.   In this Financial Services Authority Circular Letter what is
                 dengan:                                                                              meant by:

                 a.   Laporan Tahunan adalah laporan pertanggungjawaban                               a.   The Annual Report is a report on the Board of Directors
                      Direksi dan Dewan Komisaris dalam melakukan                                          and Board of Commissioners accountability in managing
                      pengurusan dan pengawasan terhadap emiten atau                                       and supervising issuers or public companies within a
                      perusahaan publik dalam kurun waktu 1 (satu) tahun                                   period of 1 (one) fiscal year to the general meeting of
                                                                                     √
                      buku kepada rapat umum pemegang saham yang disusun                                   shareholders prepared based on the provisions of the
                      berdasarkan ketentuan dalam Peraturan Otoritas Jasa                                  Financial Services Authority Regulation concerning the
                      Keuangan mengenai Laporan Tahunan emiten atau                                        Annual Report of issuers or public companies
                      perusahaan publik.

                 b.   Emiten adalah pihak yang melakukan penawaran umum.                              b.   Issuers are parties who make public offerings
                                                                                    √

                 c.   Perusahaan Publik adalah perseroan yang sahamnya telah                          c.   A Public Company is a company whose shares are owned
                      dimiliki paling sedikit oleh 300 (tiga ratus) pemegang                               by at least 300 (three hundred) shareholders and has a
                      saham dan memiliki modal disetor paling sedikit                                      paid-up capital of at least Rp3,000,000,000.00 (three
                                                                                    √
                      Rp3.000.000.000,00 (tiga miliar rupiah) atau suatu jumlah                            billion rupiah) or a number of shareholders and paid-up
                      pemegang saham dan modal disetor yang ditetapkan oleh                                capital as determined by the Financial Services Authority
                      Otoritas Jasa Keuangan.

                 d.   Perusahaan Terbuka adalah Emiten yang telah melakukan                           d.   A Public Company is an Issuer that has made a public
                      penawaran umum efek bersifat ekuitas atau Perusahaan          √                      offering of equity securities or a Publically- listed
                      Publik.                                                                              Company

                 e.   Laporan Keberlanjutan (Sustainability Report) adalah                            e.   A Sustainability Report is a report published to the
                      laporan yang diumumkan kepada masyarakat yang memuat                                 public that contains the economic, financial, social,
                      kinerja ekonomi, keuangan, sosial, dan lingkungan hidup                              and environmental performance of a financial service
                                                                                    √
                      suatu lembaga jasa keuangan, Emiten, dan Perusahaan                                  institution, Issuer, and Public Company in running a
                      Publik dalam menjalankan bisnis berkelanjutan.                                       sustainable business


                 f    Direksi:                                                                        f    Board of Directors:

                      1)    bagi Emiten atau Perusahaan Publik berbentuk                                   1)   For an Issuer or a Public Company in the form of a
                            badan hukum perseroan terbatas adalah Direksi                                       limited liability company, it is the Board of Directors
                            sebagaimana dimaksud dalam Peraturan Otoritas                                       as referred to in the Financial Services Authority
                                                                                    √
                            Jasa Keuangan mengenai Direksi dan Dewan                                            Regulation concerning the Board of Directors and
                            Komisaris Emiten atau Perusahaan Publik; dan                                        Board of Commissioners of an Issuer or Public
                                                                                                                Company; and

                      2)    bagi Emiten atau Perusahaan Publik berbentuk badan                             2)   For an Issuer or a Public Company in the form of a
                            hukum selain perseroan terbatas adalah organ yang                                   legal entity other than a limited liability company, it
                            melaksanakan pengurusan badan hukum tersebut             -                          is the body that carries out the management of the
                            sebagaimana dimaksud dalam peraturan perundang-                                     legal entity as referred to in the laws and regulations
                            undangan mengenai badan hukum tersebut.                                             concerning the legal entity.

                 g.   Dewan Komisaris:                                                                g.   Board of Commissioners:

                      1)    bagi Emiten atau Perusahaan Publik berbentuk                                   1)   For an Issuer or a Public Company in the form
                            badan hukum perseroan terbatas adalah Dewan                                         of a limited liability company, the Board of
                            Komisaris sebagaimana dimaksud dalam Peraturan                                      Commissioners as referred to in the Financial
                                                                                    √
                            Otoritas Jasa Keuangan mengenai Direksi dan Dewan                                   Services Authority Regulation concerning the Board
                            Komisaris Emiten atau Perusahaan Publik; dan                                        of Directors and Board of Commissioners of an Issuer
                                                                                                                or Public Company; and

                      2)    bagi Emiten atau Perusahaan Publik berbentuk badan                             2)   For the Issuer or Public Company in the form of a
                            hukum selain perseroan terbatas adalah organ yang                                   legal entity other than a limited liability company,
                            melakukan pengawasan badan hukum tersebut                -                          it is the body that supervises the legal entity as
                            sebagaimana dimaksud dalam peraturan perundang-                                     referred to in the laws and regulations concerning
                            undangan mengenai badan hukum tersebut.                                             the legal entity.

                 h.   Rapat Umum Pemegang Saham yang selanjutnya disingkat                            h.   General Meeting of Shareholders hereinafter abbreviated
                      RUPS:                                                                                as GMS:




308        P T E R A J AYA S WA S E M B A D A T B K                                                                           L A P O R A N TA H U N A N 2 0 2 3
Page 311
                                                                           Halaman
                                    Keterangan                                                                       Description
                                                                            Page

                 1)   bagi Emiten atau Perusahaan Publik berbentuk badan                              1)   For an Issuer or a Public Company in the form of a
                      hukum perseroan terbatas adalah RUPS sebagaimana                                     limited liability company, it is the GMS as referred
                      dimaksud dalam Peraturan Otoritas Jasa Keuangan                                      to in the Financial Services Authority Regulation
                                                                             √
                      mengenai Rencana dan Penyelenggaraan Rapat                                           concerning the Planning and Organizing of the
                      Umum Pemegang Saham Perusahaan Terbuka; dan                                          General Meeting of Shareholders of a Public
                                                                                                           Company; and

                 2)   bagi Emiten atau Perusahaan Publik berbentuk badan                              2)   For an Issuer or Public Company in the form of a
                      hukum selain perseroan terbatas adalah organ yang                                    legal entity other than a limited liability company,
                      mempunyai wewenang yang tidak diberikan kepada                                       it is the body that has authority that is not given to
                      organ yang melaksanakan fungsi pengurusan dan                                        any other body that carries out management and
                                                                              -
                      fungsi pengawasan, dalam batas yang ditentukan                                       supervisory functions, within the limits specified
                      dalam peraturan perundang-undangan dan/atau                                          in the legislation and/or articles of association
                      anggaran dasar yang mengatur badan hukum                                             governing the legal entity.
                      tersebut.

       2.   Laporan Tahuna Emiten atau Perusahaan Publik merupakan                          2.   The Annual Report of Issuers or Public Companies is an
            sumber informasi penting bagi investor atau pemegang saham                           important source of information for investors or shareholders
            sebagai salah satu dasar pertimbangan dalam pengambilan          √                   as one of the basic considerations in making investment
            keputusan investasi dan sarana pengawasan terhadap Emiten                            decisions and a means of supervision of Issuers or Public
            atau Perusahaan Publik.                                                              Companies.

       3.   Seiring dengan perkembangan pasar modal dan meningkatnya                        3.   Along with the development of the capital market and the
            kebutuhan investor atau pemegang saham atas keterbukaan                              increasing need for information disclosure by investors
            informasi, Direksi dan Dewan Komisaris dituntut untuk                                or shareholders, the Board of Directors and the Board of
                                                                             √
            menyajikan informasi yang berkualitas, akurat, dan akuntabel                         Commissioners are required to present quality, accurate, and
            melalui Laporan Tahunan Emiten atau Perusahaan Publik.                               accountable information through the Annual Reports of Issuers
                                                                                                 or Public Companies.

       4.   Laporan Tahunan yang disusun secara teratur dan informatif                      4.   Annual Reports that are prepared regularly and informatively
            dapat memberikan kemudahan bagi investor atau pemegang                               can provide convenience for investors or shareholders and
                                                                             √
            saham dan pemangku kepentingan dalam memperoleh                                      stakeholders in obtaining the required information.
            informasi yang dibutuhkan.

       5    Surat Edaran Otoritas Jasa Keuangan ini merupakan pedoman                       5    This Financial Services Authority Circular is a guideline for
            bagi Emiten atau Perusahaan Publik yang wajib diterapkan                             Issuers or Public Companies that must be applied in preparing
                                                                             √
            dalam menyusun Laporan Tahunan dan Laporan Keberlanjutan.                            Annual Reports and Sustainability Reports.


II.    Bentuk Laporan Tahunan                                                        II.    Format of Annual Report

       1.   Laporan Tahunan disajikan dalam bentuk dokumen cetak dan                        1.   Annual Report should be presented in the printed format and
                                                                             √
            salinan dokumen elektronik.                                                          in electronic document copy..

       2.   Laporan Tahunan yang disajikan dalam bentuk dokumen cetak,                      2.   The printed version of the Annual Report should be printed on
            dicetak pada kertas yang berwarna terang, berkualitas baik,                          light-colored paper of fine quality, in A4 size, bound and can be
                                                                             √
            berukuran A4, dijilid, dan dapat diperbanyak dengan kualitas                         reproduced in good quality.
            yang baik.

       3.   Laporan Tahunan dapat menyajikan informasi berupa gambar,                       3.   The Annual Report may present information in the form of
            grafik, tabel, dan/atau diagram dengan mencantumkan judul                            pictures, graphs, tables, and/or diagrams by including clear
                                                                             √
            dan/atau keterangan yang jelas, sehingga mudah dibaca dan                            titles and/or descriptions, so that they are easy to read and
            dipahami.                                                                            understand.

       4.   Laporan Tahunan yang disajikan dalam bentuk salinan dokumen                     4.   The Annual Report presented in electronic document format is
            elektronik merupakan Laporan Tahunan yang dikonversi dalam       √                   the Annual Report converted into pdf format.
            format pdf.

III.   Isi Laporan Tahunan                                                           III.   Content Of Annual Report

       1.   Laporan Tahunan paling sedikit memuat informasi mengenai:                       1.   Annual Report should contain at least the following
                                                                                                 information:

            a.   Ikhtisar data keuangan penting;                             √                   a.   Summary of key financial information;

            b.   Informasi saham (jika ada);                                 √                   b.   Stock information (if any);

            c.   Laporan Direksi;                                            √                   c.   The Board of Directors report;

            d.   Laporan Dewan Komisaris;                                    √                   d.   The Board of Commissioners report;

            e.   Profil Emiten atau Perusahaan Publik;                       √                   e.   Profile of Issuer or Public Company;

            f.   Analisis dan pembahasan manajemen;                          √                   f.   Management discussion and analysis;

            g.   Tata kelola Emiten atau Perusahaan Publik;                                      g.   Corporate governance applied by the Issuer or Public
                                                                              √
                                                                                                      Company;

            h.   Tanggung jawab sosial dan lingkungan Emiten atau                                h.   Corporate social and environmental responsibility of the
                                                                             √
                 Perusahaan Publik;                                                                   Issuer or Public Company;

            i.   Laporan keuangan tahunan yang telah diaudit; dan            √                   i.   Audited annual report; and

            j.   Surat pernyataan anggota Direksi dan anggota Dewan                              j.   Statement that the Board of Directors and the Board
                 Komisaris tentang tanggung jawab atas Laporan Tahunan;      √                        of Commissioners are fully responsible for the Annual
                                                                                                      Report;

       2.   Uraian Isi Laporan Tahunan                                                      2.   Description of Content of Annual Report

            a.   Ikhtisar Data Keuangan Penting                              6                   a.   Summary of Key Financial Information




2023 ANNUAL REPORT                                                                                         P T E R A J AYA S WA S E M B A D A T B K                  309
Page 312
                                                                               Halaman
                                    Keterangan                                                                 Description
                                                                                Page

                Ikhtisar Data Keuangan Penting memuat informasi                               Summary of Key Financial Information contains financial
                keuangan yang disajikan dalam bentuk perbandingan                             information presented in comparison with previous 3
                selama 3 (tiga) tahun buku atau sejak memulai usahanya                        (three) fiscal years or since commencement of business
                                                                                  √
                jika Emiten atau Perusahaan Publik tersebut menjalankan                       if the Issuers or the Public Company commencing the
                kegiatan usahanya kurang dari 3 (tiga) tahun, paling sedikit                  business less than 3 (three) years, at least contain:
                memuat:

                1)   pendapatan/penjualan;                                       √            1)    income/sales;

                2)   laba bruto;                                                 √            2)    gross profit;

                3)   laba (rugi);                                                √            3)    profit (loss);

                4)   jumlah laba (rugi) yang dapat diatribusikan                              4)    total profit (loss) attributable to equity holders of the
                     kepada pemilik entitas induk dan kepentingan non            √                  parent entity and non-controlling interest;
                     pengendali;

                5)   total laba (rugi) komprehensif;                             √            5)    total comprehensive profit (loss);

                6)   jumlah laba (rugi) komprehensif yang dapat                               6)    total comprehensive profit (loss) attributable
                     diatribusikan kepada pemilik entitas induk dan              √                  to equity holders of the parent entity and non
                     kepentingan non pengendali;                                                    controlling interest;

                7)   laba (rugi) per saham;                                      √            7)    earning (loss) per share;

                8)   jumlah aset;                                                √            8)    total assets;

                9)   jumlah liabilitas;                                          √            9)    total liabilities;

                10) jumlah ekuitas;                                              √            10) total equities;

                11) rasio laba (rugi) terhadap jumlah aset;                      √            11) profit (loss) to total assets ratio;

                12) rasio laba (rugi) terhadap ekuitas;                          √            12) profit (loss) to equities ratio;

                13) rasio laba (rugi) terhadap pendapatan/penjualan;             √            13) profit (loss) to income ratio;

                14) rasio lancar;                                                √            14) current ratio;

                15) rasio liabilitas terhadap ekuitas;                           √            15) liabilities to equities ratio;

                16) rasio liabilitas terhadap jumlah aset; dan                   √            16) liabilities to total assets ratio; and

                17) informasi dan rasio keuangan lainnya yang relevan                         17) other information and financial ratios relevant to the
                    dengan Emiten atau Perusahaan Publik dan jenis                -               Issuer or Public Company and type of industry;
                    industrinya;

           b.   Informasi Saham                                                          b.   Stock Information

                Informasi Saham (jika ada) paling sedikit memuat:                 9           Stock Information (if any) at least contains:

                1)   saham yang telah diterbitkan untuk setiap masa                           1)    shares issued for each three-month period in the last
                     triwulan (jika ada) yang disajikan dalam bentuk                                2 (two) fiscal years (if any), at least covering:
                     perbandingan selama 2 (dua) tahun buku terakhir,
                     paling sedikit meliputi:

                     a)    jumlah saham yang beredar;                            √                  a)    number of outstanding shares;

                     b)    kapitalisasi pasar berdasarkan harga pada                                b)    market capitalization based on the price at the
                                                                                 √
                           Bursa Efek tempat saham dicatatkan;                                            Stock Exchange where the shares listed on;

                     c)    harga saham tertinggi, terendah, dan penutupan                           c)    highest share price, lowest share price, closing
                           berdasarkan harga pada Bursa Efek tempat              √                        share price at the Stock Exchange where the
                           saham dicatatkan; dan                                                          shares listed on; and

                     d)    volume perdagangan pada Bursa Efek tempat                                d)    share volume at the Stock Exchange where the
                                                                                  √
                           saham dicatatkan;                                                              shares listed on;

                     Informasi pada huruf a) diungkap oleh Emiten yang                              Information in point a) should be disclosed by the
                     merupakan Perusahaan Terbuka yang sahamnya                   √                 Issuer, the public company whose shares is listed or
                     tercatat maupun tidak tercatat di Bursa Efek;                                  not listed in the Stock Exchange;

                     Informasi pada huruf b), c), dan huruf d) hanya                                Information in point b), point c), and point d) only be
                     diungkapkan jika Emiten merupakan Perusahaan                 √                 disclosed if the Issuer is a public company whose
                     Terbuka dan sahamnya tercatat di Bursa Efek;                                   shares is listed in the Stock Exchange;

                2)   dalam hal terjadi aksi korporasi, seperti pemecahan                      2)    in the event of corporate actions, including stock
                     saham (stock split), penggabungan saham (reverse                               split, reverse stock, dividend, bonus share, and
                     stock), dividen saham, saham bonus, dan perubahan                              change in par value of shares, then the share
                     nilai nominal saham, informasi saham sebagaimana             -                 price referred to in point 1), should be added with
                     dimaksud pada angka 1) ditambahkan penjelasan                                  explanation on:
                     paling sedikit mengenai:


                     a)    tanggal pelaksanaan aksi korporasi;                    -                 a)    date of corporate action;

                     b)    rasio pemecahan saham (stock split),                                     b)    stock split ratio, reverse stock, dividend, bonus
                           penggabungan saham (reverse stock), dividen            -                       shares, and change in par value of shares;
                           saham, saham

                     c)    jumlah saham beredar sebelum dan sesudah                                 c)    number of outstanding shares prior to and after
                                                                                  -
                           aksi korporasi; dan                                                            corporate action; and




310   P T E R A J AYA S WA S E M B A D A T B K                                                                       L A P O R A N TA H U N A N 2 0 2 3
Page 313
                                                                     Halaman
                            Keterangan                                                             Description
                                                                      Page

               d)    jumlah efek konversi yang dilaksanakan (jika                        d)    The number of convertible securities exercised
                                                                        -
                     ada); dan                                                                 (if any); and

               e)    harga saham sebelum dan sesudah aksi                                e)    share price prior to and after corporate action;
                                                                        -
                     korporasi;

          3)   dalam hal terjadi penghentian sementara                              3)   in the event that the Company’s shares were
               perdagangan saham (suspension), dan/atau                                  suspended and/or delisted from trading during
               penghapusan pencatatan saham (delisting) dalam                            the year under review, then the Issuers or Public
               tahun buku, Emiten atau Perusahaan Publik                                 Company should provide explanation on the reason
                                                                        -
               menjelaskan alasan penghentian sementara                                  for the suspension and/or delisting; and
               perdagangan saham (suspension) dan/atau
               penghapusan pencatatan saham (delisting) tersebut;
               dan

          4)   dalam hal penghentian sementara perdagangan                          4)   in the event that the suspension and/or delisting as
               saham (suspension) dan/atau penghapusan                                   referred to in point 3) was still in effect until the date
               pencatatan saham (delisting) sebagaimana dimaksud                         of the Annual Report, then the Issuer or the Public
               pada angka 3) masih berlangsung hingga akhir                              Company should also explain the corporate actions
               periode Laporan Tahunan, Emiten atau Perusahaan                           taken by the Company in resolving the suspension
                                                                        -
               Publik menjelaskan tindakan yang dilakukan untuk                          and/or delisting;
               menyelesaikan penghentian sementara perdagangan
               saham (suspension) dan/atau penghapusan
               pencatatan saham (delisting) tersebut;


     c.   Laporan Direksi                                             32-45    c.   The Board of Directors Report

          Laporan Direksi paling sedikit memuat:                                    The Board of Directors Report should at least contain the
                                                                                    following items:

          1)   uraian singkat mengenai kinerja Emiten atau                          1)   the performance of the Issuer or Public Company, at
               Perusahaan Publik, paling sedikit meliputi:                               least covering:


               a)    strategi dan kebijakan strategis Emiten atau                        a)    strategy and strategic policies of the Issuer or
                                                                       36
                     Perusahaan Publik;                                                        Public Company;

               b)    peranan Direksi dalam perumusan strategi dan                        b)    Role of the Board of Directors in formulating
                     kebijakan strategis Emiten atau Perusahaan                                strategies and strategic policies of Issuers or
                                                                       38
                     Publik;                                                                   Public Companies;


               c)    proses yang dilakukan Direksi untuk                                 c)    Process carried out by the Board of Directors
                     memastikan implementasi strategi Emiten atau                              to ensure the implementation of the Issuer’s or
                                                                       38
                     Perusahaan Publik;                                                        Public Company’s strategy;


               d)    perbandingan antara hasil yang dicapai dengan                       d)    comparison between achievement of results
                                                                       39
                     yang ditargetkan; dan                                                     and targets; and

               e)    kendala yang dihadapi Emiten atau Perusahaan                        e)    challenges faced by the Issuer or Public
                                                                       40
                     Publik;                                                                   Company;

          2)   gambaran tentang prospek usaha;                         40           2)   description on business prospects;

          3)   penerapan tata kelola Emiten atau Perusahaan                         3)   implementation of good corporate governance by
               Publik; dan                                             43                Issuer or Public Company; and


          4)   perubahan komposisi anggota Direksi dan alasan                       4)   changes in the composition of the Board of Directors
                                                                       44
               perubahannya (jika ada);                                                  and the reason behind (if any);

     d.   Laporan Dewan Komisaris                                     24-29    d.   The Board of Commissioners Report

          Laporan Dewan Komisaris paling sedikit memuat:                            The Board of Commissioners Report should at least
                                                                                    contain the following items:

          1)   Penilaian terhadap kinerja Direksi mengenai                          1)   Assessment on the performance of the Board of
               pengelolaan Emiten atau Perusahaan Publik;              26                Directors in managing the Issuer or the Public
                                                                                         Company;

          2)   Pengawasan terhadap implementasi strategi Emiten                     2)   Supervision on the implementation of the strategy of
                                                                       27
               atau Perusahaan Publik;                                                   the Issuer or Public Company;

          3)   Pandangan atas prospek usaha Emiten atau                             3)   View on the business prospects of the Issuer or
               Perusahaan Publik yang disusun oleh Direksi;            27                Public Company as established by the Board of
                                                                                         Directors;

          4)   Pandangan atas penerapan tata kelola Emiten atau                     4)   View on the implementation of the corporate
               Perusahaan Publik;                                      28                governance by the Issuer or Public Company;


          5)   Perubahan komposisi anggota Dewan Komisaris dan                      5)   Changes in the composition of the Board of
                                                                       29
               alasan perubahannya (jika ada); dan                                       Commissioners and the reason behind (if any); and

     e.   Profil Emiten atau Perusahaan Publik                       51-110    e.   Profile of the Issuer or Public Company

          Profil Emiten atau Perusahaan Publik paling sedikit                       Profile of the Issuer or Public Company should cover at
          memuat:                                                                   least:




2023 ANNUAL REPORT                                                                       P T E R A J AYA S WA S E M B A D A T B K                     311
Page 314
                                                                             Halaman
                                  Keterangan                                                           Description
                                                                              Page

               1)   Nama Emiten atau Perusahaan Publik termasuk                        1)   Name of Issuer or Public Company, including change
                    apabila terdapat perubahan nama, alasan perubahan,                      of name, reason of change, and the effective date of
                                                                              54, 56
                    dan tanggal efektif perubahan nama pada tahun                           the change of name during the year under review;
                    buku;

               2)   Akses terhadap Emiten atau Perusahaan Publik                       2)   access to Issuer or Public Company, including branch
                    termasuk kantor cabang atau kantor perwakilan                           office or representative office, where public can
                    yang memungkinkan masyarakat dapat memperoleh             56, 65        have access of information of the Issuer or Public
                    informasi mengenai Emiten atau Perusahaan Publik,                       Company, which include:
                    meliputi:

                    a)    Alamat;                                              56           a)   Address;

                    b)   Nomor telepon;                                        56           b)   Telephone number;

                    c)   Nomor faksimile;                                      56           c)   Facsimile number;

                    d)   Alamat surat elektronik; dan                          56           d)   E-mail address; and

                    e)   Alamat Situs Web;                                     56           e)   Website address;

               3)   Riwayat singkat Emiten atau Perusahaan Publik;             43      3)   Brief history of the Issuer or Public Company;

               4)   Visi dan misi Emiten atau Perusahaan Publik;               58      4)   Vision and mission of the Issuer or Public Company;

               5)   Kegiatan usaha menurut anggaran dasar terakhir,                    5)   Line of business according to the latest Articles of
                    kegiatan usaha yang dijalankan pada tahun buku,           60-64         Association, and types of products and/or services
                    serta jenis barang dan/atau jasa yang dihasilkan;                       produced;

               6)   Wilayah operasional Emiten atau Perusahaan Publik;        65-67    6)   Operational area of the Issuer or Public Company

               7)   Struktur organisasi Emiten atau Perusahaan Publik                  7)   Structure of organization of the Issuer or Public
                    dalam bentuk bagan, paling sedikit sampai dengan                        Company in chart form, at least 1 (one) level below
                                                                              68-69
                    struktur 1 (satu) tingkat di bawah Direksi, disertai                    the Board of Directors, with the names and titles;
                    dengan nama dan jabatan;

               8)   daftar keanggotaan asosiasi industri baik dalam                    8)   List of industry association memberships both on
                    skala nasional maupun internasional yang berkaitan         57           a national and international scale related to the
                    dengan penerapan keuangan berkelanjutan                                 implementation of sustainable finance;

               9)   Profil Direksi, paling sedikit memuat:                    78-88    9)   The Board of Directors profiles include:

                    a)   Nama dan jabatan yang sesuai dengan tugas                          a)   Name and short description of duties and
                                                                                √
                         dan tanggung jawab;                                                     functions;

                    b)   Foto terbaru;                                          √           b)   Latest photograph;

                    c)   Usia;                                                  √           c)   Age;

                    d)   Kewarganegaraan;                                       √           d)   Citizenship;

                    e)   Riwayat pendidikan;                                    √           e)   Education;

                    f)   Riwayat jabatan, meliputi informasi:                   √           f)   history position, covering information on:

                         (1)     Dasar hukum penunjukan sebagai anggota                          (1)    Legal basis for appointment as member
                                 Direksi pada Emiten atau Perusahaan            √                       of the Board of Directors to the said
                                 Publik yang bersangkutan;                                              Issuer or Public Company;

                         (2)     Rangkap jabatan, baik sebagai anggota                           (2)    Dual position, as member of the Board
                                 Direksi, anggota Dewan Komisaris, dan/                                 of Directors, member of the Board of
                                                                                √
                                 atau anggota komite serta jabatan lainnya                              Commissioners, and/or member of
                                 (jika ada); dan                                                        committee, and other position (if any); and

                         (3)     Pengalaman kerja beserta periode                                (3)    Working experience and period in and
                                 waktunya baik di dalam maupun di luar          √                       outside the Issuer or Public Company;
                                 Emiten atau Perusahaan Publik;

                    g)   hubungan afiliasi dengan anggota Direksi                           g)   Affiliation with other members of the Board
                         lainnya, anggota Dewan Komisaris, pemegang                              of Directors, members of the Board of
                         saham utama, dan pengendali baik langsung                               Commissioners, majority and controlling
                         maupun tidak langsung sampai kepada pemilik                             shareholders, either directly or indirectly to
                         individu, meliputi nama pihak yang terafiliasi;       91                individual owners, including names of affiliated
                                                                                                 parties. In the event that a member of the
                                                                                                 Board of Directors has no affiliation, the Issuer
                                                                                                 or Public Company shall disclose this matter;
                                                                                                 and

                    h)   perubahan komposisi anggota Direksi dan                            h)   Changes in the composition of the members of
                         alasan perubahannya. Dalam hal tidak terdapat                           the Board of Directors and the reasons for the
                         perubahan komposisi anggota Direksi, maka             89                changes. In the event that there is no change in
                         diungkapkan mengenai hal tersebut;                                      the composition of the members of the Board
                                                                                                 of Directors, this matter shall be disclosed;

               10) Profil Dewan Komisaris, paling sedikit memuat:                      10) The Board of Commissioners profiles, at least
                                                                              72-76
                                                                                           include:

                    a)   Nama;                                                  √           a)   Name;

                    b)   Foto terbaru;                                          √           b)   Latest photograph;

                    c)   Usia;                                                  √           c)   Age;




312   P T E R A J AYA S WA S E M B A D A T B K                                                            L A P O R A N TA H U N A N 2 0 2 3
Page 315
                                                                    Halaman
                         Keterangan                                                           Description
                                                                     Page

             d)   Kewarganegaraan;                                    √            d)   Citizenship;

             e)   Riwayat pendidikan;                                 √            e)   Education;

             f)   Riwayat jabatan, meliputi informasi:                             f)   History position, covering information on:


                  (1)   Dasar hukum penunjukan sebagai anggota                          (1)    Legal basis for the appointment as
                        Dewan Komisaris yang bukan merupakan                                   member of the Board of Commissioners
                                                                      √
                        Komisaris Independen pada Emiten atau                                  who is not Independent Commissioner at
                        Perusahaan Publik yang bersangkutan;                                   the said Issuer or Public Company;

                  (2)   Dasar hukum penunjukan pertama kali                             (2)    Legal bases for the first appointment as
                        sebagai anggota Dewan Komisaris yang                                   member of the Board of Commissioners
                        merupakan Komisaris Independen pada           √                        who also Independent Commissioner at
                        Emiten atau Perusahaan Publik yang                                     the said Issuer or Public Company;
                        bersangkutan;

                  (3)   Rangkap jabatan, baik sebagai anggota                           (3)    Dual position; as member of the Board of
                        Dewan Komisaris, anggota Direksi, dan/                                 Commissioners, member of the Board of
                                                                      √
                        atau anggota komite serta jabatan lainnya                              Directors, and/or member of committee
                        (jika ada); dan                                                        and other position (if any); and

                  (4)   Pengalaman kerja beserta periode                                (4)    Working experience and period in and
                        waktunya baik di dalam maupun di luar         √                        outside the Issuer or Public Company;
                        Emiten atau Perusahaan Publik;

             g)   Hubungan afiliasi dengan anggota Dewan                           g)   Affiliation with other members of the Board
                  Komisaris lainnya, pemegang saham utama,                              of Commissioners, major shareholders, and
                  dan pengendali baik langsung maupun tidak                             controllers either directly or indirectly to
                  langsung sampai kepada pemilik individu,                              individual owners, including names of affiliated
                                                                      91
                  meliputi nama pihak yang terafilias                                   parties; In the event that a member of the
                                                                                        Board of Commissioners has no affiliation, the
                                                                                        Issuer or Public Company shall disclose this
                                                                                        matter;

             h)   Pernyataan independensi Komisaris Independen                     h)   Statement of independence of Independent
                  dalam hal Komisaris Independen telah menjabat                         Commissioner in the event that the Independent
                                                                      75
                  lebih dari 2 (dua) periode (jika ada);                                Commissioner has been appointed more than 2
                                                                                        (two) periods (if any);

             i)   Perubahan komposisi anggota Dewan Komisaris                      i)   Changes in the composition of the members of
                  dan alasan perubahannya. Dalam hal tidak                              the Board of Commissioners and the reasons
                  terdapat perubahan komposisi anggota Dewan                            for the changes. In the event that there is no
                                                                      77
                  Komisaris, maka diungkapkan mengenai hal                              change in the composition of the members of
                  tersebut;                                                             the Board of Commissioners, this matter shall
                                                                                        be disclosed;

        11) Dalam hal terdapat perubahan susunan anggota                      11) In the event that there were changes in the
            Direksi dan/atau anggota Dewan Komisaris yang                         composition of the Board of Commissioners and/
            terjadi setelah tahun buku berakhir sampai dengan                     or the Board of Directors occurring between the
            batas waktu penyampaian Laporan Tahunan, susunan                      period after year-end until the date the Annual
                                                                      90
            yang dicantumkan dalam Laporan Tahunan adalah                         Report submitted, then the last and the previous
            susunan anggota Direksi dan/atau anggota Dewan                        composition of the Board of Commissioners and/or
            Komisaris yang terakhir dan sebelumnya;                               the Board of Directors shall be stated in the Annual
                                                                                  Report;

        12) Jumlah karyawan menurut jenis kelamin, jabatan,                   12) Number of employees by gender, position, age,
            usia, tingkat pendidikan, dan status ketenagakerjaan                  education level, and employment status (permanent/
                                                                     92-93
            (tetap/kontrak) dalam tahun buku;                                     contracted) in the fiscal year; Disclosure of
                                                                                  information can be presented in tabular form.

        13) Nama pemegang saham dan persentase kepemilikan                    13) Names of shareholders and ownership percentage at
            pada akhir tahun buku, yang terdiri dari:                             the end of the fiscal year, including:

             a)   Pemegang saham yang memiliki 5% (lima                            a)   Shareholders having 5% (five percent) or more
                  persen) atau lebih saham Emiten atau                94                shares of Issuer or Public Company;
                  Perusahaan Publik;

             b)   Anggota Direksi dan anggota Dewan Komisaris                      b)   Commissioners and Directors who own shares
                  yang memiliki saham Emiten atau Perusahaan          96                of the Issuers or Public Company; and
                  Publik; dan

             c)   Kelompok pemegang saham masyarakat, yaitu                        c)   Groups of public shareholders, or groups of
                  kelompok pemegang saham yang masing-                                  shareholders, each with less than 5% (five
                  masing memiliki kurang dari 5% (lima persen)        95                percent) ownership shares of the Issuers or
                  saham emiten atau perusahaan publik;                                  Public Company;


        14) Persentase kepemilikan tidak langsung atas saham                  14) The percentage of indirect ownership of the shares
            Emiten atau Perusahaan Publik oleh anggota Direksi                    of the Issuer or Public Company by members of
            dan anggota Dewan Komisaris pada awal dan akhir                       the Board of Directors and members of the Board
            tahun buku, termasuk informasi mengenai pemegang                      of Commissioners at the beginning and end of the
            saham yang terdaftar dalam daftar pemegang saham          96          fiscal year, including information on shareholders
            untuk kepentingan kepemilikan tidak langsung                          registered in the shareholder register for the
            anggota Direksi dan anggota Dewan Komisaris;                          benefit of indirect ownership of members of the
                                                                                  Board of Directors and members of the Board of
                                                                                  Commissioners;

        15) Jumlah pemegang saham dan persentase kepemilikan                  15) Number of shareholders and ownership percentage
                                                                      95
            per akhir tahun buku berdasarkan klasifikasi:                         at the end of the fiscal year, based on:




2023 ANNUAL REPORT                                                                P T E R A J AYA S WA S E M B A D A T B K                 313
Page 316
                                                                               Halaman
                                   Keterangan                                                                Description
                                                                                Page

                     a)    Kepemilikan institusi lokal;                          √                 a)    Ownership of local institutions;

                     b)    Kepemilikan institusi asing;                          √                 b)    Ownership of foreign institutions;

                     c)    Kepemilikan individu lokal; dan                       √                 c)    Ownership of local individual; and

                     d)    Kepemilikan individu asing;                           √                 d)    Ownership of foreign individual;

                16) Informasi mengenai pemegang saham utama dan                               16) Information on major shareholders and controlling
                    pengendali Emiten atau Perusahaan Publik, baik                                shareholders the Issuers of Public Company, directly
                    langsung maupun tidak langsung, sampai kepada                98               or indirectly, and also individual shareholder,
                    pemilik individu, yang disajikan dalam bentuk skema                           presented in the form of scheme or diagram;
                    atau bagan;

                17) Nama entitas anak, perusahaan asosiasi, perusahaan                        17) Name of subsidiaries, associated companies, joint
                    ventura bersama dimana Emiten atau Perusahaan                                 venture controlled by Issuers or Public Company,
                    Publik memiliki pengendalian bersama entitas, beserta                         with entity, percentage of stock ownership, line of
                                                                               99-107
                    persentase kepemilikan saham, bidang usaha, total                             business, total assets and operating status of the
                    aset, dan status operasi Emiten atau Perusahaan Publik                        Issuers of Public Company (if any);
                    tersebut (jika ada);

                     Untuk entitas anak, ditambahkan informasi mengenai                            For subsidiaries, include the addresses of the said
                                                                                 65
                     alamat entitas anak tersebut;                                                 subsidiaries;

                18) Kronologi pencatatan saham, jumlah saham, nilai                           18) Chronology of share listing, number of shares, par
                    nominal, dan harga penawaran dari awal pencatatan                             value, and bid price from the beginning of listing up
                    hingga akhir tahun buku serta nama Bursa Efek               108               to the end of the financial year, and name of Stock
                    dimana saham Emiten atau Perusahaan Publik                                    Exchange where the Issuers of Public Company
                    dicatatkan (jika ada);                                                        shares are listed;

                19) Informasi pencatatan efek lainnya selain efek                             19) Other securities listing information other than the
                    sebagaimana dimaksud pada angka 18), yang belum                               securities as referred to in number 18), which have
                    jatuh tempo pada tahun buku paling sedikit memuat                             not yet matured in the fiscal year, at least contain the
                                                                                109
                    nama efek, tahun penerbitan, tingkat suku bunga/                              name of the securities, year of issue, interest rate/
                    imbal hasil, tanggal jatuh tempo, nilai penawaran,                            yield, maturity date, offering value, and securities
                    dan peringkat efek (jika ada);                                                rating (if any);

                20) Informasi penggunaan jasa akuntan publik (AP) dan                         20) Information on the use of a Public Accountant (AP)
                    kantor akuntan publik (KAP) beserta jaringan/asosiasi/      109               and a Public Accounting firm (KAP) services and
                    aliansinya meliputi:                                                          their networks/associations/alliances include:

                     a)    nama dan alamat;                                      √                 a)    name and address;

                     b)    periode penugasan;                                    √                 b)    period of assignment;

                     c)    informasi jasa audit dan/atau non audit yang                            c)    informasi jasa audit dan/atau non audit yang
                                                                                 √
                           diberikan;                                                                    diberikan;

                     d)    biaya jasa (fee) audit dan/atau non audit untuk                         d)    Audit and/or non-audit fees for each
                           masing-masing penugasan yang diberikan                √                       assignment given during the fiscal year; and
                           selama tahun buku; dan

                     e)    dalam hal AP dan KAP beserta jaringan/                                  e)    In the event that AP and KAP and their
                           asosiasi/aliansinya, yang ditunjuk tidak                                      network/association/alliance, which are
                                                                                 √
                           memberikan jasa non audit, maka diungkapkan                                   appointed do not provide non-audit services,
                           mengenai informasi tersebut; dan                                              then the information is disclosed; and

                21) Nama dan alamat lembaga dan/atau profesi                                  21) Name and address of capital market supporting
                    penunjang pasar modal selain AP dan KAP;                    110               institutions and/or professionals other than AP and
                                                                                                  KAP

           f.   Analisis dan Pembahasan Manajemen                              113-159   f.   Management Discussion and Analysis

                Analisis dan pembahasan manajemen memuat analisis dan                         Management Analysis and Discussion Annual should
                pembahasan mengenai laporan keuangan dan informasi                            contain discussion and analysis on financial statements
                penting lainnya dengan penekanan pada perubahan                               and other material information emphasizing material
                material yang terjadi dalam tahun buku, yaitu paling sedikit                  changes that occurred during the year under review, at
                memuat:                                                                       least including:

                1)   Tinjauan operasi per segmen operasi sesuai dengan                        1)   Operational review per business segment, according
                     jenis industri Emiten atau Perusahaan Publik, paling      122-130             to the type of industry of the Issuer or Public
                     sedikit mengenai:                                                             Company including:

                     a)    Produksi, yang meliputi proses, kapasitas, dan                          a)    Production, including process, capacity, and
                                                                                 √
                           perkembangannya;                                                              growth;

                     b)    Pendapatan/penjualan; dan                             √                 b)    Income/sales; and

                     c)    Profitabilitas;                                       √                 c)    Profitability;

                2)   Kinerja keuangan komprehensif yang mencakup                              2)   comprehensive financial performance analysis
                     perbandingan kinerja keuangan dalam 2 (dua) tahun                             which includes a comparison between the financial
                     buku terakhir, penjelasan tentang penyebab adanya                             performance of the last 2 (two) fiscal years, and
                     perubahan dan dampak perubahan tersebut, paling                               explanation on the causes and effects of such
                     sedikit mengenai:                                                             changes, among others concerning:

                     a)    Aset lancar, aset tidak lancar, dan total aset;                         a)    Current assets, non-current assets, and total
                                                                               133-134
                                                                                                         assets;

                     b)    Liabilitas jangka pendek, liabilitas jangka                             b)    Short term liabilities, long term liabilities, total
                                                                               134-135
                           panjang, dan total liabilitas;                                                liabilities;




314   P T E R A J AYA S WA S E M B A D A T B K                                                                   L A P O R A N TA H U N A N 2 0 2 3
Page 317
                                                                     Halaman
                          Keterangan                                                          Description
                                                                      Page

             c)   Ekuitas;                                            135           c)   Equities;

             d)   Pendapatan/penjualan, beban, laba (rugi),                         d)   Sales/operating revenues, expenses and profit
                  penghasilan komprehensif lain, dan total laba      136-138             (loss), other comprehensive revenues, and total
                  (rugi) komprehensif; dan                                               comprehensive profit (loss); and

             e)   Arus kas                                           138-140        e)   Cash flows

        3)   Kemampuan membayar utang dengan menyajikan                        3)   The capacity to pay debts by including the
                                                                      140
             perhitungan rasio yang relevan;                                        computation of relevant ratios;

        4)   Tingkat kolektibilitas piutang emiten atau perusahaan             4)   Accounts receivable collectability of the Issuer or
             publik dengan menyajikan perhitungan rasio yang          141           Public Company, including the computation of the
             relevan;                                                               relevant ratios;

        5)   Struktur modal (capital structure) dan kebijakan                  5)   Capital structure and management policies
             manajemen atas struktur modal (capital structure)                      concerning capital structure, including the basis for
                                                                      141
             tersebut disertai dasar penentuan kebijakan                            determining the said policy;
             dimaksud;

        6)   Bahasan mengenai ikatan yang material untuk                       6)   discussion on material ties for the investment of
             investasi barang modal dengan penjelasan paling          142           capital goods, including the explanation on at least:
             sedikit meliputi:

             a)   Tujuan dari ikatan tersebut;                          -           a)   The purpose of such ties;

             b)   Sumber dana yang diharapkan untuk memenuhi                        b)   Source of funds expected to fulfill the said ties;
                                                                        -
                  ikatan tersebut;

             c)   Mata uang yang menjadi denominasi; dan                -           c)   Currency of denomination; and

             d)   Langkah yang direncanakan emiten atau                             d)   Steps taken by the Issuer of Public Company
                  perusahaan publik untuk melindungi risiko dari        -                to protect the position of a related foreign
                  posisi mata uang asing yang terkait;                                   currency against risks;

        7)   Bahasan mengenai investasi barang modal yang                      7)   Discussion on investment of capital goods which
             direalisasikan dalam tahun buku terakhir, paling         142           was realized in the last fiscal year, at least include:
             sedikit meliputi:

             a)   Jenis investasi barang modal;                        √            a)   Type of investment of capital goods;

             b)   Tujuan investasi barang modal; dan                                b)   Objective of the investment of capital goods;
                                                                       √
                                                                                         and

             c)   Nilai investasi barang modal yang dikeluarkan;       √            c)   Value of the investment of capital goods;

        8)   Informasi dan fakta material yang terjadi setelah                 8)   Material Information and facts that occurring after
                                                                      143
             tanggal laporan akuntan (jika ada);                                    the date of the accountant’s report (if any);

        9)   Prospek usaha dari emiten atau perusahaan                         9)   Information on the prospects of the Issuer or the
             publik dikaitkan dengan kondisi industri, ekonomi                      Company in connection with industry,economy in
             secara umum dan pasar internasional disertai data        143           general, accompanied with supporting quantitative
             pendukung kuantitatif dari sumber data yang layak                      data if there is a reliable data source;
             dipercaya;

        10) Perbandingan antara target/proyeksi pada awal tahun                10) Comparison between target/projection at beginning
                                                                      146
            buku dengan hasil yang dicapai (realisasi), mengenai:                  of year and result (realization), concerning:

             a)   Pendapatan/penjualan;                                N/A          a)   Income/sales;

             b)   Laba (rugi);                                         N/A          b)   Profit (loss);

             c)   Struktur modal (capital structure);                  N/A          c)   Capital structure; or

             d)   Kebijakan dividen; atau                              N/A          d)   Dividend policy; or

             e)   Hal lainnya yang dianggap penting bagi Emiten                     e)   Others that deemed necessary for the Issuer or
                                                                       √
                  atau Perusahaan Publik;                                                Public Company;

        11) Target/proyeksi yang ingin dicapai Emiten atau                     11) Target/projection at most for the next one year of the
            Perusahaan Publik untuk 1 (satu) tahun mendatang,         146          Issuer or Public Company, concerning:
            mengenai:

             a)   Pendapatan/penjualan;                                N/A          a)   Income/sales;

             b)   Laba (rugi);                                         N/A          b)   Profit (loss);

             c)   Struktur modal (capital structure);                  N/A          c)   Capital structure; or

             d)   Kebijakan dividen; atau                              N/A          d)   Dividend policy;

             e)   Hal lainnya yang dianggap penting bagi Emiten                     e)   Or others that deemed necessary for the Issuer
                                                                       √
                  atau Perusahaan Publik;                                                or Public Company;

        12) Aspek pemasaran atas barang dan/atau jasa Emiten                   12) Marketing aspects of the Company’s products and/or
            atau Perusahaan Publik, paling sedikit mengenai           146          services the Issuer or Public Company, among others
            strategi pemasaran dan pangsa pasar;                                   marketing strategy and market share;

        13) Uraian mengenai dividen selama 2 (dua) tahun buku                  13) Description regarding the dividend policy during the
                                                                      147
            terakhir (jika ada), paling sedikit:                                   last 2 (two) fiscal years, at least:

             a)   Kebijakan dividen;                                   √            a)   Dividend policy;




2023 ANNUAL REPORT                                                                  P T E R A J AYA S WA S E M B A D A T B K                  315
Page 318
                                                                             Halaman
                                 Keterangan                                                            Description
                                                                              Page

                    b)    Tanggal pembayaran dividen kas dan/atau                           b)    The date of the payment of cash dividend and/
                                                                               √
                          tanggal distribusi dividen non kas;                                     or date of distribution of non-cash dividend;

                    c)    Jumlah dividen per saham (kas dan/atau non                        c)    Amount of cash per share (cash and/or non
                                                                               √
                          kas); dan                                                               cash); and

                    d)    Jumlah dividen per tahun yang dibayar;               √            d)    Amount of dividend per year paid;

                    Dalam hal Emiten atau Perusahaan Publik tidak                           Disclosure of information can be presented in tabular
                    membagikan dividen dalam 2 (dua) tahun terakhir,                        form. In the event that the Issuer or Public Company
                                                                                -
                    maka diungkapkan mengenai hal tersebut.                                 does not distribute dividends in the last 2 (two)
                                                                                            years, this matter shall be disclosed.

               14) Realisasi penggunaan dana hasil Penawaran Umum,                     14) Use of proceeds from Public Offerings, under the
                                                                              149
                   dengan ketentuan:                                                       condition of:

                    a)    Dalam hal selama tahun buku, Emiten memiliki                      a)    during the year under review, on which
                          kewajiban menyampaikan laporan realisasi                                the Issuer has the obligation to report the
                          penggunaan dana, maka diungkapkan realisasi                             realization of the use of proceeds, then the
                                                                               N/A
                          penggunaan dana hasil Penawaran Umum                                    realization of the cumulative use of proceeds
                          secara kumulatif sampai dengan akhir tahun                              until the year end should be disclosed; and
                          buku; dan

                    b)    Dalam hal terdapat perubahan penggunaan                           b)    In the event that there were changes in the use
                          dana sebagaimana diatur dalam Peraturan                                 of proceeds as stipulated in the Regulation of
                          Otoritas Jasa Keuangan tentang Laporan                                  the Financial Services Authority on the Report
                                                                               N/A
                          Realisasi Penggunaan Dana Hasil Penawaran                               of the Utilization of Proceeds from Public
                          Umum, maka Emiten menjelaskan perubahan                                 Offering, then Issuer should explain the said
                          tersebut;                                                               changes;

               15) Informasi material (jika ada), antara lain mengenai                 15) Material information (if any), among others
                   investasi, ekspansi, divestasi, penggabungan/                           concerning investment, expansion, divestment,
                   peleburan usaha, akuisisi, restrukturisasi utang/modal,                 acquisition, debt/capital restructuring, transactions
                                                                             149-158
                   transaksi Afiliasi, dan transaksi yang mengandung                       with related parties and transactions with conflict of
                   benturan kepentingan, yang terjadi pada tahun buku,                     interest that occurred during the year under review,
                   antara lain memuat:                                                     among others include:

                    a)    Tanggal, nilai, dan objek transaksi;                 √            a)    Transaction date, value, and object;

                    b)    Nama pihak yang melakukan transaksi;                 √            b)    Name of transacting parties;

                    c)    Sifat hubungan Afiliasi (jika ada);                  √            c)    Nature of related parties (if any);

                    d)    Penjelasan mengenai kewajaran transaksi; dan                      d)    Description of the fairness of the transaction;
                                                                                                  and

                    e)    Pemenuhan ketentuan terkait;                        158           e)    Compliance with related rules and regulations;

                    f)    dalam hal terdapat hubungan afiliasi, selain                      f)    In the event that there is an affiliation
                          mengungkapkan informasi sebagaimana                                     relationship, apart from disclosing the
                          dimaksud dalam huruf a) sampai dengan                158                information as referred to in letter a) to letter
                          huruf e), Emiten atau Perusahaan Publik juga                            e), the Issuer or Public Company also discloses
                          mengungkapkan informasi:                                                information:

                          1)   Pernyataan Direksi bahwa transaksi afiliasi                        1)    A statement from the Board of Directors
                               telah melalui prosedur yang memadai                                      that the affiliate transaction has gone
                               untuk memastikan bahwa transaksi afiliasi                                through adequate procedures to ensure
                               dilaksanakan sesuai dengan praktik bisnis                                that the affiliate transaction is carried out
                                                                              158
                               yang berlaku umum antara lain dilakukan                                  in accordance with generally accepted
                               dengan memenuhi prinsip transaksi yang                                   business practices, by complying with the
                               wajar (arms- length principle); dan                                      arms-length principle; and


                          2)   Peran Dewan Komisaris dan komite audit                             2)    The role of the Board of Commissioners
                               dalam melakukan prosedur yang memadai                                    and the audit committee in carrying out
                               untuk memastikan bahwa transaksi afiliasi                                adequate procedures to ensure that
                               dilaksanakan sesuai dengan praktik bisnis                                affiliated transactions are carried out
                                                                              158
                               yang berlaku umum antara lain dilakukan                                  in accordance with generally accepted
                               dengan memenuhi prinsip transaksi yang                                   business practices, by complying with the
                               wajar (arms- length principle);                                          arms-length principle;


                    g)    Dalam hal transaksi afiliasi atau transaksi                       g)    For affiliated transactions or material
                          material dimaksud telah diungkapkan dalam                               transactions which are business activities
                          laporan keuangan tahunan, ditambahkan                                   carried out to generate business income and
                          informasi mengenai rujukan pengungkapan                                 are carried out regularly, repeatedly, and/or
                          dalam laporan keuangan tahunan tersebut.            157                 continuously, an explanation is added that the
                                                                                                  affiliated transactions or material transactions
                                                                                                  are business activities carried out to generate
                                                                                                  operating income. and run regularly,
                                                                                                  repeatedly, and/or continuously;




316   P T E R A J AYA S WA S E M B A D A T B K                                                            L A P O R A N TA H U N A N 2 0 2 3
Page 319
                                                                        Halaman
                            Keterangan                                                                  Description
                                                                         Page

               h)    Untuk pengungkapan transaksi afiliasi dan/                              h)   For disclosure of affiliated transactions and/or
                     atau transaksi benturan kepentingan yang                                     conflict of interest transactions resulting from
                     merupakan hasil pelaksanaan transaksi afiliasi                               the implementation of affiliated transactions
                     dan/atau transaksi benturan kepentingan yang                                 and/or conflict of interest transactions that have
                     telah disetujui pemegang saham independen,                                   been approved by independent shareholders,
                                                                          N/A
                     ditambahkan informasi mengenai tanggal                                       additional information regarding the date of the
                     pelaksanaan RUPS yang menyetujui transaksi                                   GMS which approved the affiliated transactions
                     afiliasi dan/atau transaksi benturan kepentingan                             and/or conflict of interest transactions is added;
                     tersebut;


               i)    Dalam hal tidak terdapat transaksi afiliasi dan/                        i)   In the event that there is no affiliated
                     atau transaksi benturan kepentingan, maka            158                     transaction and/or conflict of interest
                     diungkapkan mengenai hal tersebut;                                           transaction, then this shall be disclosed;

          16) Perubahan ketentuan peraturan perundang-                                  16) Changes in regulation which have a significant effect
              undangan yang berpengaruh signifikan terhadap                                 on the Issuer or Public Company and impacts on the
                                                                          159
              Emiten atau Perusahaan Publik dan dampaknya                                   Company (if any); and
              terhadap laporan keuangan (jika ada); dan

          17) Perubahan kebijakan akuntansi, alasan dan                                 17) Changes in the accounting policy, rationale and
                                                                          159
              dampaknya terhadap laporan keuangan (jika ada);                               impact on the financial statement (if any);

     g.   Tata Kelola Emiten atau Perusahaan Publik                     161-229    g.   Corporate Governance of the Issuer or Public Company

          Tata kelola Emiten atau Perusahaan Publik paling sedikit                      Corporate Governance of the Issuer or Public Company
          memuat uraian singkat mengenai:                                               contains at least:

          1)   RUPS, paling sedikit memuat:                                             1)   GMS, at least contains:

               a)    Informasi mengenai keputusan RUPS pada                                  a)   Information regarding the resolutions of the
                     tahun buku dan 1 (satu) tahun sebelum tahun                                  GMS in the fiscal year and 1 (one) year prior to
                     buku meliputi:                                                               the fiscal year include:

                     1)    keputusan RUPS pada tahun buku dan                                     1)     Resolutions of the GMS in the fiscal year
                           1 (satu) tahun sebelum tahun buku yang       166, 171                         and 1 (one) year before the fiscal year
                           direalisasikan pada tahun buku; dan                                           realized in the fiscal year; and

                     2)    keputusan RUPS pada tahun buku dan                                     2)     Resolutions of the GMS in the fiscal
                           1 (satu) tahun sebelum tahun buku yang                                        year and 1 (one) year before the fiscal
                                                                          171
                           belum direalisasikan beserta alasan belum                                     year that have not been realized and the
                           direalisasikan;                                                               reasons for not realizing them;

               b)    dalam hal Emiten atau Perusahaan Publik                                 b)   In the event that the Issuer or Public Company
                     menggunakan pihak independen dalam                                           uses an independent party in the conduct
                     pelaksanaan RUPS untuk melakukan                   167, 170                  of the GMS to calculate the votes, then this
                     perhitungan suara, maka diungkapkan                                          matter shall be disclosed;
                     mengenai hal tersebut;

          2)   Direksi, mencakup antara lain:                                           2)   The Board of Directors, covering:

               a)    Tugas dan tanggung jawab masing-masing                                  a)   The tasks and responsibilities of each member
                                                                          174
                     anggota Direksi;                                                             of the Board of Directors;

               b)    Pernyataan bahwa Direksi memiliki pedoman                               b)   Statement that the Board of Directors has
                                                                          175
                     atau piagam (charter) Direksi;                                               already have board manual or charter;

               c)    Kebijakan dan pelaksanaan tentang frekuensi                             c)   Policies and implementation of the frequency
                     rapat Direksi, termasuk rapat bersama Dewan                                  of meetings of the Board of Directors, meetings
                     Komisaris, dan tingkat kehadiran anggota                                     of the Board of Directors with the Board of
                                                                          176
                     Direksi dalam rapat tersebut termasuk tingkat                                Commissioners, and the level of attendance
                     kehadiran dalam RUPS;                                                        of members of the Board of Directors in the
                                                                                                  meeting including attendance at the GMS;

               d)    pelatihan dan/atau peningkatan kompetensi                               d)   Training and/or competency development of
                     anggota Direksi:                                                             members of the Board of Directors:


                     (1)   kebijakan pelatihan dan/atau peningkatan                               (1)    Policies for training and/or improving the
                           kompetensi anggota Direksi, termasuk                                          competence of members of the Board
                           program orientasi bagi anggota Direksi         178                            of Directors, including an orientation
                           yang baru diangkat (jika ada); dan                                            program for newly appointed members of
                                                                                                         the Board of Directors (if any); and

                     (2)   pelatihan dan/atau peningkatan                                         (2)    Training and/or competency improvement
                           kompetensi yang diikuti anggota Direksi                                       attended by members of the Board of
                                                                          179
                           dalam tahun buku (jika ada);                                                  Directors in the fiscal year (if any);


               e)    penilaian Direksi terhadap kinerja komite yang                          e)   The Board of Directors’ assessment of the
                     mendukung pelaksanaan tugas Direksi pada                                     performance of the committees that support
                                                                          180
                     tahun buku paling sedikit memuat:                                            the implementation of the Board of Directors’
                                                                                                  duties for the fiscal year shall at least contain:

                     (1)   prosedur penilaian kinerja; dan                 √                      (1)    Performance appraisal procedures; and

                     (2)   kriteria yang digunakan seperti capaian                                (2)    The criteria used are performance
                           kinerja selama tahun buku, kompetensi                                         achievements during the fiscal year, are
                                                                           √
                           dan kehadiran dalam rapat; dan                                                competence and attendance at meetings;
                                                                                                         and




2023 ANNUAL REPORT                                                                           P T E R A J AYA S WA S E M B A D A T B K                  317
Page 320
                                                                              Halaman
                                Keterangan                                                              Description
                                                                               Page

                    f)   dalam hal Emiten atau Perusahaan Publik tidak                       f)   In the event that the Issuer or Public Company
                         memiliki komite yang mendukung pelaksanaan                               does not have a committee that supports the
                         tugas Direksi, maka diungkapkan mengenai hal            -                implementation of the duties of the Board of
                         tersebut.                                                                Directors, this matter shall be disclosed.


               3)   Dewan Komisaris, mencakup antara lain:                              3)   The Board of Commissioners, among others include:

                    a)   Tugas dan tanggung jawab Dewan Komisaris;                           a)   Duties and responsibilities of the Board of
                                                                               181
                                                                                                  Commissioners;

                    b)   Pernyataan bahwa Dewan Komisaris memiliki                           b)   Statement that the Board of Commissioners
                         pedoman atau piagam (charter) Dewan                   183                has already have the board manual or charter;
                         Komisaris;

                    c)   Kebijakan dan pelaksanaan tentang frekuensi                         c)   Policies and implementation of the frequency
                         rapat Dewan Komisaris, termasuk rapat                                    of meetings of the Board of Commissioners,
                         bersama Direksi, dan tingkat kehadiran anggota                           meetings of the Board of Commissioners
                         Dewan Komisaris dalam rapat tersebut                  183                with the Board of Directors and the level
                         termasuk tingkat kehadiran dalam RUPS;;                                  of attendance of members of the Board of
                                                                                                  Commissioners in these meetings including
                                                                                                  attendance at the GMS;

                    d)   pelatihan dan/atau peningkatan kompetensi                           d)   Training and/or competency improvement of
                         anggota Dewan Komisaris:                                                 members of the Board of Commissioners:

                         (1)   kebijakan pelatihan dan/atau peningkatan                           (1)    Policy on competency training and/or
                               kompetensi anggota Dewan Komisaris,                                       development of members of the Board
                               termasuk program orientasi bagi anggota                                   of Commissioners, including orientation
                                                                               185
                               Dewan Komisaris yang baru diangkat (jika                                  programs for newly appointed members
                               ada); dan                                                                 of the Board of Commissioners (if any);
                                                                                                         and

                         (2)   pelatihan dan/atau peningkatan                                     (2)    Competency training and/or development
                               kompetensi yang diikuti anggota Dewan           185                       attended by members of the Board of
                               Komisaris dalam tahun buku (jika ada);                                    Commissioners in the fiscal year (if any);

                    e)   penilaian terhadap kinerja anggota Direksi dan                      e)   The assessment on the performance of the
                         anggota Dewan Komisaris dan pelaksanaannya,           186                Board of Directors and Board of Commissioners
                         paling sedikit memuat:                                                   and the implementation, at least covering:

                         (1)   Prosedur pelaksanaan penilaian kinerja;                            (1)    procedure for the implementation of
                                                                                √
                                                                                                         performance assessment;

                         (2)   Kriteria yang digunakan seperti capaian                            (2)    Criteria used are performance
                               kinerja selama tahun buku, kompetensi                                     achievements during the fiscal year,
                                                                                √
                               dan kehadiran dalam rapat; dan                                            competency and attendance at meetings;
                                                                                                         and

                         (3)   Pihak yang melakukan penilaian;                   √                (3)    Assessor;

                    f)   penilaian Dewan Komisaris terhadap kinerja                          f)   Board of Commissioners’ assessment of the
                         Komite yang mendukung pelaksanaan tugas                                  performance of the Committees that support
                                                                               187
                         Dewan Komisaris pada tahun buku meliputi:                                the implementation of the duties of the Board
                                                                                                  of Commissioners in the fiscal year includes:

                         (1)   prosedur penilaian kinerja; dan                   √                (1)    Performance appraisal procedures; and

                         (2)   kriteria yang digunakan seperti capaian                            (2)    The criteria used are performance
                               kinerja selama tahun buku, kompetensi             √                       achievements during the fiscal year,
                               dan kehadiran dalam rapat;                                                competency and attendance at meetings;

               4)   Nominasi dan remunerasi Direksi dan Dewan                           4)   The nomination and remuneration of the Board of
                    Komisaris, paling sedikit memuat:                         188-190        Directors and the Board of Commissioners shall at
                                                                                             least contain:

                    a)   prosedur nominasi, meliputi uraian singkat                          a)   Nomination procedure, including a brief
                         mengenai kebijakan dan proses nominasi                                   description of the policies and process for
                         anggota Direksi dan/atau anggota Dewan                  √                nomination of members of the Board of
                         Komisaris; dan                                                           Directors and/or members of the Board of
                                                                                                  Commissioners; and

                    b)   prosedur dan pelaksanaan remunerasi Direksi                         b)   Procedures and implementation of
                         dan Dewan Komisaris, antara lain:                                        remuneration for the Board of Directors and the
                                                                                                  Board of Commissioners, among others:

                         (1)   prosedur penetapan remunerasi Direksi                              (1)    Procedures for determining remuneration
                               dan Dewan Komisaris;                              √                       for the Board of Directors and the Board
                                                                                                         of Commissioners;

                         (2)   struktur remunerasi Direksi dan Dewan                              (2)    The remuneration structure of the
                               Komisaris seperti, gaji, tunjangan, tantiem/                              Board of Directors and the Board
                               bonus dan lainnya; dan                            √                       of Commissioners such as salary,
                                                                                                         allowances, tantiem/bonus and others;
                                                                                                         and

                         (3)   besarnya remunerasi masing-masing                                  (3)    The amount of remuneration for each
                               anggota Direksi dan anggota Dewan                √                        member of the Board of Directors and
                               Komisaris;                                                                member of the Board of Commissioners




318   P T E R A J AYA S WA S E M B A D A T B K                                                             L A P O R A N TA H U N A N 2 0 2 3
Page 321
                                                                      Halaman
                           Keterangan                                                           Description
                                                                       Page

        5)   Dewan Pengawas Syariah, bagi Emiten atau                           5)   Sharia Supervisory Board, for Issuer or Public
             Perusahaan Publik yang menjalankan kegiatan usaha                       Company that conduct business based on sharia law,
             berdasarkan prinsip syariah sebagaimana tertuang            -           as stipulated in the articles of association, at least
             dalam anggaran dasar, paling sedikit memuat:                            containing:


             a)   nama;                                                  -           a)   name;

             b)   dasar hukum pengangkatan dewan pengawas                            b)   Legal basis for the appointment of the sharia
                                                                         -
                  syariah;                                                                supervisory board;

             c)   periode penugasan dewan pengawas syariah;                          c)   Period of assignment of the sharia supervisory
                                                                         -
                                                                                          board;

             d)   tugas dan tanggung jawab Dewan Pengawas                            d)   duty and responsibility of Sharia Supervisory
                                                                         -
                  Syariah; dan                                                            Board; and

             e)   frekuensi dan cara pemberian nasihat dan                           e)   frequency and procedure in providing advice
                  saran serta pengawasan pemenuhan Prinsip                                and suggestion, as well as the compliance
                                                                         -
                  Syariah di Pasar Modal terhadap Emiten atau                             of Sharia Principles by the Issuer or Public
                  Perusahaan Publik;                                                      Company in the Capital Market;

        6)   Komite Audit, mencakup antara lain:                                6)   Audit Committee, among others covering:

             a)   Nama dan jabatannya dalam keanggotaan                              a)   Name and position in the committee;
                                                                      191-193
                  komite;

             b)   Usia;                                                  √           b)   Age;

             c)   Kewarganegaraan;                                       √           c)   Citizenship;

             d)   Riwayat pendidikan;                                    √           d)   Education background;

             e)   Riwayat jabatan, meliputi informasi:                   √           e)   History of position; including:

                  (1)     Dasar hukum untuk pengangkatan                                  (1)    Legal basis for appointment as committee
                                                                         √
                          sebagai anggota komite;                                                member;

                  (2)     Rangkap jabatan, baik sebagai anggota                           (2)    Dual position, as member of Board of
                          Dewan Komisaris, anggota Direksi, dan/                                 Commissioners, member of Board of
                                                                         √
                          atau anggota komite serta jabatan lainnya                              Directors, and/or member of committee,
                          (jika ada); dan                                                        and other position (if any); and

                  (3)     Pengalaman kerja beserta periode                                (3)    working experience and period in and
                          waktunya baik di dalam maupun di luar          √                       outside the Issuer or Public Company;
                          Emiten atau Perusahaan Publik;

             f)   Periode dan masa jabatan anggota Komite                            f)   Period and terms of office of the member of
                                                                         √
                  Audit;                                                                  Audit Committee;

             g)   Pernyataan independensi Komite Audit;                              g)   statement of independence of the Audit
                                                                       194
                                                                                          Committee;

             h)   Pendidikan dan/atau pelatihan yang telah diikuti                   h)   Training and/or competency improvement that
                                                                       194
                  dalam tahun buku (jika ada); dan                                        have been followed in the fiscal year (if any);

             i)   Kebijakan dan pelaksanaan tentang frekuensi                        i)   Policies and implementation of the frequency
                  rapat Komite Audit dan tingkat kehadiran                                of audit committee meetings and the level of
                                                                       196
                  anggota Komite Audit dalam rapat tersebut;                              attendance of audit committee members in
                                                                                          those meetings; and

             j)   Pelaksanaan kegiatan Komite Audit pada tahun                       j)   the activities of the Audit Committee in the
                  buku sesuai dengan yang dicantumkan dalam            196                year under review, in accordance with the Audit
                  pedoman atau piagam (charter) Komite Audit;                             Committee Charter;

        7)   Komite atau fungsi nominasi dan remunerasi Emiten                  7)   The nomination and remuneration committee or
             atau Perusahaan Publik, paling sedikit memuat:            197           function of the Issuer or Public Company, at least
                                                                                     containing:

             a)   Nama dan jabatannya dalam keanggotaan                              a)   Name and position in committee membership;
                                                                         -
                  komite;

             b)   Usia;                                                  -           b)   Age;

             c)   Kewarganegaraan;                                       -           c)   Nationality;

             d)   Riwayat pendidikan;                                    -           d)   Educational history;

             e)   Riwayat jabatan, meliputi informasi:                               e)   Position history, including information on:
                                                                         -

                  (1)     Dasar hukum penunjukan sebagai anggota                          (1)    Legal basis for appointment as committee
                                                                         -
                          komite;                                                                member;

                  (2)     Rangkap jabatan, baik sebagai anggota                           (2)    Concurrent positions, either as a
                          Dewan Komisaris, anggota Direksi, dan/                                 member of the Board of Commissioners,
                          atau anggota komite serta jabatan lainnya      -                       member of the Board of Directors, and/or
                          (jika ada); dan                                                        committee member and other positions
                                                                                                 (if any); and

                  (3)     Pengalaman kerja beserta periode                                (3)    Work experience and period of time both
                          waktunya baik di dalam maupun di luar          -                       inside and outside the Issuer or Public
                          Emiten atau Perusahaan Publik;                                         Company;




2023 ANNUAL REPORT                                                                   P T E R A J AYA S WA S E M B A D A T B K                 319
Page 322
                                                                             Halaman
                                  Keterangan                                                           Description
                                                                              Page

                    f)   Periode dan masa jabatan anggota komite;                           f)   Period and term of office of the committee
                                                                                -
                                                                                                 members;

                    g)   Pernyataan independensi komite;                        -           g)   Statement of committee independence;

                    h)   Pendidikan dan/atau pelatihan yang telah diikuti                   h)   Training and/or competency improvement that
                                                                                -
                         dalam tahun buku (jika ada); dan                                        have been followed in the fiscal year (if any);

                    i)   Uraian tugas dan tanggung jawab;                       -           i)   Description of duties and responsibilities;

                    j)   Pernyataan bahwa telah memiliki pedoman atau                       j)   A statement that it has a guideline or charter;
                                                                                -
                         piagam (charter) komite;

                    k)   Kebijakan dan pelaksanaan tentang frekuensi                        k)   Policies and implementation of the frequency
                         rapat komite dan tingkat kehadiran anggota             -                of meetings and the level of attendance of
                         komite dalam rapat tersebut;                                            members at the meeting;

                    l)   uraian singkat pelaksanaan kegiatan pada tahun                     l)   Brief description of the implementation of
                                                                                -
                         buku; dan                                                               activities in the fiscal year; and

                    m)   dalam hal tidak dibentuk komite nominasi dan                       m)   In the event that no nomination and
                         remunerasi, Emiten atau Perusahaan Publik                               remuneration committee is formed, the Issuer
                         cukup mengungkapkan informasi sebagaimana                               or Public Company is sufficient to disclose the
                                                                               197
                         dimaksud dalam huruf i) sampai dengan huruf l)                          information as referred to in letter i) to letter l)
                         dan mengungkapkan:                                                      and disclose:


                         (1)     alasan tidak dibentuknya komite; dan                            (1)    Reasons for not forming the committee;
                                                                               √
                                                                                                        and

                         (2)     pihak yang melaksanakan fungsi nominasi                         (2)    The party carrying out the nomination
                                                                               √
                                 dan remunerasi;                                                        and remuneration function;

               8)   Komite lain yang dimiliki Emiten atau Perusahaan                   8)   Other committees owned by Issuers or Public
                    Publik dalam rangka mendukung fungsi dan tugas                          Companies in order to support the functions and
                    Direksi (jika ada) dan/atau komite yang mendukung         197           tasks of the Board of Directors (if any) and / or
                    fungsi dan tugas Dewan Komisaris, paling sedikit                        committees that support the functions and duties of
                    memuat:                                                                 the Board of Commissioners, the least contains:

                    a)   Nama dan jabatannya dalam keanggotaan                              a)   Name and position in the Committee;
                                                                                -
                         komite;

                    b)   Usia;                                                  -           b)   Age;

                    c)   Kewarganegaraan;                                       -           c)   Citizenship;

                    d)   Riwayat pendidikan;                                    -           d)   Education background;

                    e)   Riwayat jabatan, meliputi informasi:                   -           e)   History of position, including:

                         (1)     Dasar hukum penunjukan sebagai anggota                          (1)    Legal basis for the appointment as
                                                                                -
                                 komite;                                                                member of the committee;

                         (2)     Rangkap jabatan, baik sebagai anggota                           (2)    Dual position, as member of Board of
                                 Dewan Komisaris, anggota Direksi, dan/                                 Commissioners, member of Board of
                                                                                -
                                 atau anggota komite serta jabatan lainnya                              Directors, and/or member of committee,
                                 (jika ada); dan                                                        and other position (if any); and

                         (3)     Pengalaman kerja beserta periode                                (3)    Working experience and period in and
                                 waktunya baik di dalam maupun di luar          -                       outside the Issuer or Public Company;
                                 Emiten atau Perusahaan Publik;

                    f)   Periode dan masa jabatan anggota komite;                           f)   Period and terms of office of the member of
                                                                                -
                                                                                                 Audit Committee;

                    g)   Pernyataan independensi komite;                        -           g)   Statement of committee independence;

                    h)   Pendidikan dan/atau pelatihan yang telah diikuti                   h)   Training and/or competency improvement that
                         dalam tahun buku (jika ada); dan                       -                have been followed in the fiscal year (if any);
                                                                                                 and

                    i)   Uraian tugas dan tanggung jawab;                       -           i)   Description of duties and responsibilities;

                    j)   Pernyataan bahwa telah memiliki pedoman atau                       j)   A statement that the committee has had
                                                                                -
                         piagam (charter) komite;                                                guidelines or charters;

                    k)   Kebijakan dan pelaksanaan tentang frekuensi                        k)   Policies and implementation of the frequency of
                         rapat komite dan tingkat kehadiran anggota             -                committee meetings and the level of attendance
                         komite dalam rapat tersebut;                                            of committee members at the meeting; and

                    l)   uraian singkat pelaksanaan kegiatan pada tahun                     l)   A brief description of the committee’s activities
                                                                                -
                         buku; dan                                                               for the fiscal year;

               9)   Sekretaris Perusahaan, mencakup antara lain:                       9)   Corporate Secretary, including:

                    a)   nama;                                                 199          a)   name;

                    b)   domisili;                                             199          b)   domicile;

                    c)   riwayat jabatan, meliputi informasi:                               c)   history of position, including:

                         (1)     dasar hukum penunjukan sebagai                                  (1)    legal basis for the appointment as
                                                                               199
                                 Sekretaris Perusahaan; dan                                             Corporate Secretary; and




320   P T E R A J AYA S WA S E M B A D A T B K                                                            L A P O R A N TA H U N A N 2 0 2 3
Page 323
                                                                       Halaman
                         Keterangan                                                              Description
                                                                        Page

                  (2)   pengalaman kerja beserta periode                                   (2)    working experience and period in and
                        waktunya baik di dalam maupun di luar            199                      outside the Issuer or Public Company;
                        Emiten atau Perusahaan Publik;

             d)   riwayat pendidikan;                                    199          d)   education background;

             e)   pendidikan dan/atau pelatihan yang diikuti                          e)   education and/or training during the year under
                                                                         200
                  dalam tahun buku; dan                                                    review; and

             f)   uraian singkat pelaksanaan tugas Sekretaris                         f)   brief description on the implementation of
                  Perusahaan pada tahun buku;                            200               duties of the Corporate Secretary in the year
                                                                                           under review;

        10) Unit Audit Internal, mencakup antara lain:                           10) Internal Audit Unit, among others including:

             a)   Nama kepala Unit Audit Internal;                       206          a)   Name of Head of Internal Audit Unit;

             b)   Riwayat jabatan, meliputi informasi:                                b)   History of position, including:

                  (1)   Dasar hukum penunjukan sebagai Kepala                              (1)    Legal basis for the appointment as Head
                                                                         207
                        Audit Internal; dan                                                       of Internal Audit Unit; and

                  (2)   Pengalaman kerja beserta periode                                   (2)    Working experience and period in and
                        waktunya baik di dalam maupun di luar            207                      outside the Issuer or Public Company;
                        Emiten atau Perusahaan Publik;

             c)   Kualifikasi atau sertifikasi sebagai profesi audit                  c)   Qualification or certification as internal auditor
                                                                         207
                  internal (jika ada);                                                     (if any);

             d)   Pendidikan dan/atau pelatihan yang diikuti                          d)   Education and/or training during the year under
                                                                         207
                  dalam tahun buku;                                                        review;

             e)   Struktur dan kedudukan Unit Audit Internal;            206          e)   Structure and position of Internal Audit Unit;

             f)   Uraian tugas dan tanggung jawab;                       208          f)   Description of duties and responsibilities;

             g)   Pernyataan bahwa telah memiliki pedoman atau                        g)   Statement that the Internal Audit Unit has
                                                                         208
                  piagam (charter) Unit Audit Internal; dan                                already have Internal Audit Unit charter; and

             h)   Uraian singkat pelaksanaan tugas Unit Audit                         h)   Brief description on the implementation of duty
                  Internal pada tahun buku;                              209               of Internal Audit Unit during the year under
                                                                                           review;

        11) Uraian mengenai sistem pengendalian internal                         11) Description on internal control system adopted by
            (internal control) yang diterapkan oleh Emiten atau        210-212       the Issuer or Public Company, at least covering:
            Perusahaan Publik, paling sedikit mengenai:

             a)   Pengendalian keuangan dan operasional, serta                        a)   Financial and operational control, and
                  kepatuhan terhadap peraturan perundang-                 √                compliance to the other prevailing rules; and
                  undangan lainnya; dan

             b)   Tinjauan atas efektivitas sistem pengendalian                       b)   Review on the effectiveness of internal control
                                                                          √
                  internal;                                                                systems;

             c)   Pernyataan Direksi dan/atau Dewan Komisaris                         c)   Statement of the Board of Directors and/or
                  atas kecukupan sistem pengendalian internal;            √                Board of Commissioners on the adequacy of
                                                                                           the internal control system;

        12) Sistem manajemen risiko yang diterapkan oleh Emiten                  12) Risk management system implemented by
            atau Perusahaan Publik, paling sedikit mengenai:           213-215       the Company, at least includes:


             a)   Gambaran umum mengenai sistem manajemen                             a)   General description about the Company’s
                  risiko Emiten atau Perusahaan Publik;                   √                risk management system the Issuer or Public
                                                                                           Company;

             b)   Jenis risiko dan cara pengelolaannya; dan               √           b)   Types of risk and the management; and

             c)   Tinjauan atas efektivitas sistem manajemen                          c)   Review the effectiveness of the risk
                  risiko Emiten atau Perusahaan Publik;                   √                management system applied by the Issuer or
                                                                                           Public Company;

             d)   Pernyataan Direksi dan/atau Dewan Komisaris                         d)   Statement of the Board of Directors and/or the
                  atau komite audit atas kecukupan sistem                                  Board of Commissioners or the audit committee
                                                                          √
                  manajemen risiko;                                                        on the adequacy of the risk management
                                                                                           system;

        13) Perkara hukum yang berdampak material yang                           13) Legal cases that have a material impact faced by
            dihadapi oleh Emiten atau Perusahaan Publik, entitas                     Issuers or Public Companies, subsidiaries, members
                                                                        215
            anak, anggota Direksi dan anggota Dewan Komisaris                        of the Board of Directors and members of the Board
            (jika ada), antara lain meliputi:                                        of Commissioners (if any), at least contain:

             a)   Pokok perkara/gugatan;                                  -           a)   Substance of the case/claim;

             b)   Status penyelesaian perkara/gugatan; dan                -           b)   Status of settlement of case/claim; and

             c)   Pengaruhnya terhadap kondisi Emiten atau                            c)   Potential impacts on the condition of the Issuer
                                                                          -
                  Perusahaan Publik;                                                       or Public Company;




2023 ANNUAL REPORT                                                                   P T E R A J AYA S WA S E M B A D A T B K                   321
Page 324
                                                                            Halaman
                                Keterangan                                                             Description
                                                                             Page

               14) Informasi tentang sanksi administratif yang dikenakan              14) information about administrative sanctions imposed
                   kepada Emiten atau Perusahaan Publik, anggota                          to Issuer or Public Company, members of the Board
                   Dewan Komisaris dan Direksi, oleh otoritas Pasar          215          of Commissioners and the Board of Directors, by
                   Modal dan otoritas lainnya pada tahun buku (jika                       the Capital Market Authority and other authorities
                   ada);                                                                  during the last fiscal year (if any);

               15) Informasi mengenai kode etik Emiten atau                           15) information about codes of conduct of the Issuer or
                                                                            216-217
                   Perusahaan Publik meliputi:                                            Public Company, includes:

                    a)   Pokok-pokok kode etik;                                √           a)    Key points of the code of conduct;

                    b)   Bentuk sosialisasi kode etik dan upaya                            b)    Socialization of the code of conduct and
                                                                               √
                         penegakannya; dan                                                       enforcement; and

                    c)   Pernyataan bahwa kode etik berlaku bagi                           c)    Statement that the code of conduct is
                         anggota Direksi, anggota Dewan Komisaris, dan                           applicable for the Board of Commissioners, the
                                                                               √
                         karyawan Emiten atau Perusahaan Publik;                                 Board of Directors, and employees of the Issuer
                                                                                                 of Public Company;

               16) Uraian singkat mengenai kebijakan pemberian                        16) A brief description of the policy of providing
                   kompensasi jangka panjang berbasis kinerja kepada                      long-term performance-based compensation to
                   manajemen dan/atau karyawan yang dimiliki oleh                         management and/or employees owned by the
                   Emiten atau Perusahaan Publik (jika ada), antara lain                  Issuer or Public Company (if any), including the
                   berupa program kepemilikan saham oleh manajemen                        management stock ownership program (MSOP) and/
                   (management stock ownership program/MSOP) dan/                         or program employee stock ownership (ESOP);
                   atau program kepemilikan saham oleh karyawan
                                                                             217
                   (employee stock ownership program/ESOP);
                   Dalam hal pemberian kompensasi berupa program
                   kepemilikan saham oleh manajemen (management
                   stock ownership program/MSOP) dan/atau program
                   kepemilikan saham oleh karyawan (employee
                   stock ownership program/ESOP), informasi yang
                   diungkapkan paling sedikit memuat:

                    a)   jumlah saham dan/atau opsi;                           -           a)    Number of shares and/or options;

                    b)   jangka waktu pelaksanaan;                             -           b)    Implementation period;

                    c)   persyaratan karyawan dan/atau manajemen                           c)    Requirements for eligible employees and/or
                                                                               -
                         yang berhak; dan                                                        management; and

                    d)   harga pelaksanaan atau penentuan harga                            d)    Exercise price or determination of exercise
                                                                               -
                         pelaksanaan;                                                            price;

               17) Uraian singkat mengenai kebijakan pengungkapan                     17) A brief description of the information disclosure
                                                                              218
                   informasi mengenai:                                                    policy regarding:

                    a)   Kepemilikan saham anggota Direksi dan                             a)    Share ownership of members of the Board
                         anggota Dewan Komisaris paling lambat 3                                 of Directors and members of the Board of
                         (tiga) hari kerja setelah terjadinya kepemilikan                        Commissioners no later than 3 (three) working
                                                                               -
                         atau setiap perubahan kepemilikan atas saham                            days after the occurrence of ownership or any
                         Perusahaan Terbuka; dan                                                 change in ownership of shares of a Public
                                                                                                 Company; and

                    b)   Pelaksanaan atas kebijakan dimaksud;                  -           b)    Implementation of the policy;

               18) Uraian mengenai sistem pelaporan pelanggaran                       18) Description of whistleblowing system at the Issuer
                   (whistleblowing system) di Emiten atau Perusahaan        220-222       or Public Company (if any), among others include:
                   Publik (jika ada), antara lain meliputi:

                    a)   Cara penyampaian laporan pelanggaran;                 √           a)    Mechanism for violation reporting;

                    b)   Perlindungan bagi pelapor;                            √           b)    Protection for the whistleblower;

                    c)   Penanganan pengaduan;                                 √           c)    Handling of violation reports;

                    d)   Pihak yang mengelola pengaduan; dan                               d)    Unit responsible for handling of violation
                                                                               √
                                                                                                 report; and

                    e)   Hasil dari penanganan pengaduan, paling                           e)    Results from violation report handling, at least
                                                                               √
                         sedikit meliputi:                                                       includes:

                         (1)   Jumlah pengaduan yang masuk dan                                   (1)    Number of complaints received and
                                                                               -
                               diproses dalam tahun buku; dan                                           processed during the fiscal year; and

                         (2)   Tindak lanjut pengaduan;                        -                 (2)    Follow up of complaints;

               19) Uraian mengenai kebijakan anti korupsi Emiten atau                 19) A description of the anti-corruption policy of the
                                                                             223
                   Perusahaan Publik, paling sedikit memuat:                              Issuer or Public Company, at least containing:

                    a)   program dan prosedur yang dilakukan                               a)    Programs and procedures implemented in
                         dalam mengatasi praktik korupsi, balas jasa                             overcoming corrupt practices, kickbacks, fraud,
                                                                               √
                         (kickbacks), fraud, suap dan/atau gratifikasi                           bribery and/or gratification in Issuers or Public
                         dalam Emiten atau Perusahaan Publik; dan                                Companies; and

                    b)   pelatihan/sosialisasi anti korupsi kepada                         b)    Anti-corruption training/socialization to
                                                                               √
                         karyawan Emiten atau Perusahaan Publik;                                 employees of Issuers or Public Companies;

               20) Penerapan atas Pedoman Tata Kelola Perusahaan                      20) Implementation of the Guidelines of Corporate
                   Terbuka bagi Emiten yang menerbitkan Efek Bersifat                     Governance for Public Companies for Issuer
                                                                            224-229
                   Ekuitas atau Perusahaan Publik, meliputi:                              issuing Equity-based Securities or Public Company,
                                                                                          including:




322   P T E R A J AYA S WA S E M B A D A T B K                                                            L A P O R A N TA H U N A N 2 0 2 3
Page 325
                                                                           Halaman
                           Keterangan                                                                    Description
                                                                            Page

               a)   pernyataan mengenai rekomendasi yang telah                                 a)    statement regarding recommendation that
                                                                              √
                    dilaksanakan; dan/atau                                                           have been implemented; and/or

               b)   penjelasan atas rekomendasi yang belum                                     b)    description of recommendation that have not
                    dilaksanakan, disertai alasan dan alternatif              √                      been implemented, along with the reason and
                    pelaksanaannya (jika ada);                                                       alternatives of implementation (if any);

     h.   Tanggung Jawab Sosial dan Lingkungan Emiten atau                           h.   Social and Environmental Responsibility of the Issuer or
                                                                           231-307
          Perusahaan Publik                                                               Public Company

          1)   Informasi yang diungkapkan dalam bagian tanggung                           1)   The information disclosed in the social and
               jawab sosial dan lingkungan merupakan Laporan                                   environmental responsibility section is a
               Keberlanjutan (Sustainability Report) sebagaimana                               Sustainability Report as referred to in the Financial
               dimaksud dalam Peraturan Otoritas Jasa Keuangan                                 Services Authority Regulation Number 51/
               Nomor 51/POJK.03/2017 tentang Penerapan                                         POJK.03/2017 concerning the Implementation
               Keuangan Berkelanjutan bagi Lembaga Jasa                                        of Sustainable Finance for Financial Services
               Keuangan, Emiten, dan Perusahaan Publik, paling                                 Institutions, Issuers, and Public Companies, at at
               sedikit memuat:                                                                 least includes:

               a)   penjelasan strategi keberlanjutan;                       238               a)    Explanation of the sustainability strategy;

               b)   ikhtisar aspek keberlanjutan (ekonomi, sosial,                             b)    Overview of sustainability aspects (economic,
                                                                             234
                    dan lingkungan hidup);                                                           social, and environmental);

               c)   profil singkat Emiten atau Perusahaan Publik;            43                c)    Brief profile of the Issuer or Public Company;

               d)   penjelasan Direksi;                                      239               d)    Explanation of the Board of Directors;

               e)   tata kelola keberlanjutan;                               250               e)    Sustainability governance;

               f)   kinerja keberlanjutan;                                  255-               f)    Sustainability performance;

               g)   verifikasi tertulis dari pihak independen, jika ada;                       g)    Written verification from an independent party,
                                                                             N/A
                                                                                                     if any;

               h)   lembar umpan balik (feedback) untuk pembaca,                               h)    Feedback sheet for readers, if any; and
                                                                             327
                    jika ada; dan

               i)   anggapan Emiten atau Perusahaan Publik                                     i)    The response of the Issuer or Public Company
                    terhadap umpan balik laporan tahun                       N/A                     to the previous year’s report feedback;
                    sebelumnya;

          2)   Laporan Keberlanjutan sebagaimana dimaksud pada                            2)   The Sustainability Report as referred to in number 1)
               angka 1), harus disusun sesuai Pedoman Teknis                                   must be prepared in accordance with the Technical
               Penyusunan Laporan Keberlanjutan (Sustainability                                Guidelines for the Preparation of a Sustainability
               Report) Bagi Emiten dan Perusahaan Publik                      √                Report for Issuers and Public Companies as
               sebagaimana tercantum dalam Lampiran II yang                                    contained in Appendix II which is an integral part of
               merupakan bagian tidak terpisahkan dari Surat                                   this Financial Services Authority Circular Letter;
               Edaran Otoritas Jasa Keuangan ini;

          3)   Informasi Laporan Keberlanjutan (Sustainability                            3)   Information on the Sustainability Report in number
               Report) pada angka 1) dapat:                                                    1) can:

               a)   diungkapkan pada bagian lain yang relevan                                  a)    Disclosed in other relevant sections outside
                    di luar bagian tanggung jawab sosial dan                                         the Social and Environmental Responsibility
                    lingkungan, seperti penjelasan Direksi terkait                                   section, such as the Directors’ explanation
                                                                              √
                    Laporan Keberlanjutan diungkapkan dalam                                          regarding the Sustainability Report disclosed
                    bagian terkait Laporan Direksi; dan/atau                                         in the section related to the Directors’ Report;
                                                                                                     and/or

               b)   merujuk pada bagian lain di luar bagian                                    b)    Refers to other sections outside the Social
                    tanggung jawab sosial dan lingkungan                                             and Environmental Responsibility section
                    dengan tetap mengacu pada Pedoman                                                by still referring to the Technical Guidelines
                    Teknis Penyusunan Laporan Keberlanjutan                                          for the Preparation of Sustainability Reports
                    (Sustainability Report) Bagi Emiten dan                                          for Issuers and Public Companies as listed in
                    Perusahaan Publik sebagaimana tercantum                   √                      Appendix II which is an integral part of this
                    dalam Lampiran II yang merupakan bagian                                          Financial Services Authority Circular Letter,
                    tidak terpisahkan dari Surat Edaran Otoritas                                     such as the profile of the Issuer or Public
                    Jasa Keuangan ini, seperti profil Emiten atau                                    Company;
                    Perusahaan Publik;


          4)   Laporan Keberlanjutan (Sustainability Report)                              4)   The Sustainability Report as referred to in number 1)
               sebagaimana dimaksud pada angka 1) merupakan                                    is an inseparable part of the Annual Report but can
               bagian yang tidak terpisahkan dari Laporan Tahunan             -                be presented separately from the Annual Report;
               namun dapat disajikan secara terpisah dengan
               Laporan Tahunan;

          5)   Dalam hal Laporan Keberlanjutan disajikan secara                           5)   In the event that the Sustainability Report is
               terpisah dengan Laporan Tahunan, informasi yang                                 presented separately from the Annual Report, the
                                                                              -
               diungkapkan dalam Laporan Keberlanjutan dimaksud                                information disclosed in the Sustainability Report
               harus:                                                                          must:

               a)   memuat seluruh informasi sebagaimana                                       a)    Contains all the information as referred to in
                                                                              -
                    dimaksud pada angka 1); dan                                                      number 1); and




2023 ANNUAL REPORT                                                                             P T E R A J AYA S WA S E M B A D A T B K                 323
Page 326
                                                                          Halaman
                                Keterangan                                                              Description
                                                                           Page

                    b)   disusun sesuai Pedoman Teknis Penyusunan                            b)    Prepared in accordance with the Technical
                         Laporan Keberlanjutan (Sustainability                                     Guidelines for the Preparation of a
                         Report) Bagi Emiten dan Perusahaan Publik                                 Sustainability Report for Issuers and Public
                                                                             -
                         sebagaimana tercantum dalam Lampiran II yang                              Companies as listed in Appendix II which
                         merupakan bagian tidak terpisahkan dari Surat                             is an integral part of this Financial Services
                         Edaran Otoritas Jasa Keuangan ini;                                        Authority Circular Letter;

               6)   Dalam hal Laporan Keberlanjutan disajikan secara                    6)   In the event that the Sustainability Report is
                    terpisah dengan Laporan Tahunan, maka dalam                              presented separately from the Annual Report, then
                    bagian tanggung jawab sosial dan lingkungan                              the Social and Environmental Responsibility section
                    memuat informasi bahwa informasi mengenai                -               contains information that information on Social and
                    tanggung jawab sosial dan lingkungan telah                               Environmental Responsibility has been disclosed
                    diungkapkan dalam Laporan Keberlanjutan yang                             in the Sustainability Report which is presented
                    disajikan secara terpisah dari Laporan Tahunan; dan                      separately from the Annual Report; and

               7)   Penyampaian Laporan Keberlanjutan (Sustainability                   7)   Submission of the Sustainability Report which is
                    Report) yang disajikan secara terpisah dengan                            presented separately from the Annual Report must
                                                                             -
                    Laporan Tahunan harus disampaikan bersamaan                              be submitted together with the Annual Report.
                    dengan penyampaian Laporan Tahunan.

           i   Laporan Keuangan Tahunan yang Telah Diaudit                  328     i   Audited Annual Financial Statement

               Laporan keuangan tahunan yang dimuat dalam Laporan                       Financial Statements included in Annual Report should
               Tahunan disusun sesuai dengan Standar Akuntansi                          be prepared in accordance with the Financial Accounting
               Keuangan di Indonesia dan telah diaudit oleh Akuntan.                    Standards in Indonesia and audited by an Accountant. The
               Laporan keuangan dimaksud memuat pernyataan mengenai                     said financial statement should be included with statement
               pertanggungjawaban atas laporan keuangan sebagaimana                     of responsibility for financial report as stipulated in the
               diatur dalam peraturan perundang-undangan di sektor           √          legislations in the Capital Markets sector governing the
               Pasar Modal yang mengatur mengenai tanggung jawab                        responsibility of the Board of Directors on the financial
               Direksi atas laporan keuangan atau peraturan perundang-                  report or the legislations in the Capital Markets sector
               undangan di sektor Pasar Modal yang mengatur mengenai                    governing the periodic reports of securities company in the
               laporan berkala Perusahaan Efek dalam hal Emiten                         event the Issuer is a Securities Company; and
               merupakan Perusahaan Efek; dan

           j   Surat Pernyataan Anggota Direksi dan Anggota Dewan                   j   Letter of Statement of the Board of Directors and the Board
               Komisaris tentang Tanggung Jawab atas Laporan Tahunan       48-49        of Commissioners regarding the Responsibility for Annual
                                                                                        Reporting

               Surat pernyataan anggota Direksi dan anggota Dewan                       Letter of statement of the Board of Directors and the Board
               Komisaris tentang tanggung jawab atas Laporan Tahunan                    of Commissioners regarding the responsibility for Annual
               disusun sesuai dengan format Surat Pernyataan Anggota                    Reporting should be prepared according to the format of
               Direksi dan Anggota Dewan Komisaris tentang Tanggung                     letter of statement of member of Board of Directors and
                                                                             √
               Jawab atas Laporan Tahunan sebagaimana tercantum                         the Board of Commissioners regarding the responsibility
               dalam Lampiran yang merupakan bagian tidak terpisahkan                   for Annual Reporting as attached in the Attachment, which
               dari Surat Edaran Otoritas Jasa Keuangan ini.                            is an integral part of this Circulation Letter of the Financial
                                                                                        Services Authority.




324   P T E R A J AYA S WA S E M B A D A T B K                                                             L A P O R A N TA H U N A N 2 0 2 3
Page 327
  DAFTAR PENGUNGKAPAN SESUAI
  PERATURAN OTORITAS JASA
  KEUANGAN NOMOR
  51/POJK.03/2017                                                                  [OJK G.4]

  LIST OF DISCLOSURE BASED ON POJK NO.51/POJK.03/2017

   No. Indeks                                                               Nama Indeks                                                      Halaman
   No. Index                                                                Index Name                                                        Page

   Strategi Keberlanjutan | Sustainability Strategy
   A.1             Penjelasan Strategi Keberlanjutan | Explanation on Sustainability Strategies                                                238
   B               Ikhtisar Kinerja Aspek Keberlanjutan | Overview of Sustainability Aspects Performance                                       234
   B.1             Aspek Ekonomi | Economy Aspects                                                                                             234
   B.2             Aspek Lingkungan Hidup | Environmental Aspects                                                                              235
   B.3             Aspek Sosial | Social Aspects                                                                                               235
   Profil Perusahaan | Company Profile                                                                                                        51-110
   C.1             Visi, Misi, dan Nilai Keberlanjutan | Vission, Mission, Sustainable Values                                                   58
   C.2             Alamat Perusahaan | Company Address                                                                                        57, 65
   C.3             Skala Usaha:
                   a. Total aset atau kapitalisasi dan total kewajiban;                                                                          6
                   b. Jumlah karyawan menurut jenis kelamin, jabatan, usia, pendidikan, dan status ketenagakerjaan;                             92
                   c. Nama pemegang saham dan persentase kepemilikan saham; dan                                                                 94
                   d. Wilayah operasional                                                                                                        6

                   Business Scale:
                   a. Total assets or assets capitalizationm and total liabilities;
                   b. Total employee based on gender, position, age, education and employment status;
                   c. Percentage of share ownership; and
                   d. Operational area.
   C.4             Produk, Layanan, dan Kegiatan Usaha yang Dijalankan | Product, Service and Business Activities                               60
   C.5             Keanggotaan pada Asosiasi | Member Association                                                                               57
   C.6             Perubahan Emiten dan Perusahaan Publik yang Bersifat Signifikan | Significant Changes                                       237
   Penjelasan Direksi | Director Explanation
   D.1             Penjelasan Direksi | Director Explanation                                                                                   239
   Tata Kelola Keberlanjutan | Sustainable Corporate Governance
   E.1             Penanggung Jawab Penerapan Keuangan Berkelanjutan                                                                           250
                   Person in Charge Responsibility for Sustainable Finance
   E.2             Pengembangan Kompetensi Terkait Keuangan Berkelanjutan                                                                      250
                   Sustainable Finance Competency Development
   E.3             Penilaian Risiko Atas Penerapan Keuangan Berkelanjutan                                                                      251
                   Sustainable Finance Risk Assessment Implementation
   E.4             Hubungan dengan Pemangku Kepentingan                                                                                        252
                   Stakeholders Relations
   E.5             Permasalahan Terhadap Penerapan Keuangan Berkelanjutan                                                                      254
                   Sustainable Finance Implementation Problems
   Kinerja Keberlanjutan | Sustainable Performance
   F.1             Kegiatan Membangun Budaya Keberlanjutan                                                                                     255
                   The Activities of Building a Culture of Sustainability
   Kinerja Ekonomi | Economic Performance
   F.2             Perbandingan Target dan Kinerja Produksi, Portofolio, Target Pembiayaan, atau Investasi, Pendapatan dan Laba Rugi           261
                   Comparison of Production Targets and Performance, Portfolio, Financial Targets, or Investment, Revenue and Profit
   F.3             Perbandingan Target dan Kinerja Portofolio, Target Pembiayaan, atau Investasi pada Instrumen Keuangan atau Proyek            -
                   yang Sejalan dengan Keuangan Berkelanjutan
                   Comparison of Portfolio Targets and Performance, Financing Targets, or Investments in Financial Instruments or Projects
                   in Line With the Implementation of Sustainable Finance
   Kinerja Lingkungan Hidup | Environmental Performance
   F.4             Biaya Lingkungan Hidup | Environment Cost Incurred                                                                          264
                   Aspek Material | Material Aspect
   F.5             Penggunaan Material yang Ramah Lingkungan | Use of Environmentally Friendly Materials                                       267




2023 ANNUAL REPORT                                                                                             P T E R A J AYA S WA S E M B A D A T B K   325
Page 328
       No. Indeks                                                                    Nama Indeks                                                       Halaman
       No. Index                                                                     Index Name                                                         Page

                              Aspek Energi | Energy Aspect
      F.6                     Jumlah dan Intensitas Energi yang Digunakan | The Amount and Intensity of Energy Used                                    267, 268
      F.7                     Upaya dan Pencapaian Efisiensi Energi dan Penggunaan Energi Terbarukan                                                   268, 269
                              Efforts and Achievement of Energy Efficiency Including Use of Renewable Energy Sources
                              Aspek Air | Water Aspect
      F.8                     Penggunaan Air | Water Used                                                                                                 271
                              Aspek Keanekaragaman Hayati | Biodiversity Aspect
      F.9                     Dampak dari Wilayah Operasional yang Dekat atau Berada di Daerah Konservasi atau Memiliki Keanekaragaman Hayati             273
                              Impacts from Operational Areas Close to or in Conservation Areas or Having Biodiversity
      F.10                    Usaha Konservasi Keanekaragaman Hayati | Biodiversity Conservation Efforts                                                  273
                              Aspek Emisi | Emission Aspect
      F.11                    Jumlah dan Intensitas Emisi yang Dihasilkan Berdasarkan Jenisnya                                                            270
                              The Amount and Intensity of Emissions Produced by Type
      F.12                    Upaya dan Pencapaian Pengurangan Emisi yang Dilakukan                                                                       270
                              Efforts and Achievement Emission Reduction Carried Out
                              Aspek Limbah dan Efluen | Waste and Effluent Aspect
      F.13                    Jumlah Limbah dan Efluen yang Dihasilkan Berdasarkan Jenis                                                                  272
                              The Amount of Waste and Effluent Produced by Type
      F.14                    Mekanisme Pengelolaan Limbah dan Efluen | Mechanism of Waste and Effluent Management                                        272
      F.15                    Tumpahan yang Terjadi (jika ada) | Spills that Occur (if any)                                                               272
                              Aspek Pengaduan Terkait Lingkungan Hidup | Environmental Complaint Aspect
      F.16                    Jumlah dan Materi Pengaduan Lingkungan Hidup yang Diterima dan Diselesaikan                                                 272
                              The Amount and Material of Environmental Complaints Received and Resolved
                              Kinerja Sosial | Social Aspect
      F.17                    Komitmen untuk Memberikan Layanan atas Produk dan/atau Jasa yang Setara kepada Konsumen                                     304
                              Commitment to Provide Services for Equivalent Products and/or Services to Consumers
                              Aspek Ketenagakerjaan | Employment Aspect
      F.18                    Kesetaraan Kesempatan Bekerja | Equality of Employment Opportunities                                                        277
      F.19                    Tenaga Kerja Anak dan Tenaga Kerja Paksa | Child Labor and Forced Labor                                                     277
      F.20                    Upah Minimum Regional | The Regional Minimum Wage                                                                           284
      F.21                    Lingkungan Bekerja yang Layak dan Aman | Decent and Safe Working Environment                                                286
      F.22                    Pelatihan dan Pengembangan Kemampuan Pegawai                                                                                281
                              Training and Capacity Building of Employees
                              Aspek Masyarakat | Society Aspect
      F.23                    Dampak Operasi Terhadap Masyarakat Sekitar                                                                                  300
                              Operational Impacts to the Surrounding Community
      F.24                    Pengaduan Masyarakat | Public Complaints                                                                                    300
      F.25                    Kegiatan Tanggung Jawab Sosial Lingkungan (TJSL)                                                                          292-298
                              Environmental and Social Responsibility Activities
      Tanggung Jawab Pengembangan Produk/Jasa Berkelanjutan
      Responsibilities for Developing Sustainable Products/Services
      F.26                    Inovasi dan Pengembangan Produk/Jasa Keuangan Berkelanjutan                                                                 305
                              Innovation and Development of Sustainable Financial Products and/or Services
      F.27                    Produk/Jasa yang Sudah Dievalualsi Keamanannya bagi Pelanggan                                                               306
                              Products/Services that have been Evaluated for Safety for Customers
      F.28                    Dampak Produk/Jasa | Products/Service Impacts                                                                               306
      F.29                    Jumlah Produk yang Ditarik Kembali | Number of Products Recalled                                                            307
      F.30                    Survei Kepuasan Pelanggan Terhadap Produk dan/atau Jasa Keuangan Berkelanjutan                                              307
                              Customer Satisfaction Survey of Sustainable Finance and/or Services
      Lain-lain | Others
      G.1                     Verifikasi Tertulis dari Pihak Independen (jika ada)                                                                        237
                              Written Verification from an Independent Party (if any)
      G.2                     Lembar Umpan Balik | Feedback Form                                                                                          327
      G.3                     Tanggapan Terhadap Umpan Balik Laporan Keberlanjutan Tahun Sebelumnya                                                        -
                              Feedback on Previous Year’s Sustainability Report
      G.4                     Daftar Pengungkapan Sesuai Peraturan Otoritas Jasa Keuangan Nomor 51/POJK.03/2017 tentang Penerapan Keuangan                325
                              Berkelanjutan bagi Lembaga Jasa Keuangan, Emiten, dan Perusahaan Publik
                              Disclosure List Based on POJK No.51/POJK.03/2017 regarding the Implementation of Sustainable Finance for Financial
                              Services Institutions, Listed Companies and Public Companies
      N/A: data tidak tersedia | Not available
      N/R: Not relevan | Not relevan




326         P T E R A J AYA S WA S E M B A D A T B K                                                                                    L A P O R A N TA H U N A N 2 0 2 3
Page 329
  LEMBAR UMPAN BALIK                                                                                                                                                            [POJK G.2]

  FEEDBACK SHEET
  Terima kasih atas perhatian dan apresiasi Bapak/Ibu terhadap                                                                        Thank you for your attention and appreciation on our
  Laporan Keberlanjutan kami ini.                                                                                                     Sustainability Report.

  Untuk meningkatkan pelayanan kami dalam mengembangkan                                                                               To improve our next report, please let us know what you think
  laporan yang akan datang, maka kami mohon Bapak/Ibu                                                                                 about the report by filling the questionnaire below and return
  untuk mengisi kuesioner berikut dan dapat mengirimkannya                                                                            this feedback form to us. Your views and critics are very much
  kembali kepada kami. Kami sangat mengharapkan pemikiran,                                                                            welcomed and appreciated.
  saran dan kritik dari Bapak/Ibu.

     No                                           Pernyataan | Statement                                                        SS | SA             S|A            RR | SD            TS | D          STS | SD            Alasan | Comment


         1      Laporan ini berisi/mengandung informasi yang bermanfaat
                mengenai komitmen Erajaya dan kebijakannya
                This report contains useful information on Erajaya Sustainability
                Development commitment and policy

         2      Laporan ini menyediakan suatu gambaran mengenai kinerja
                Erajaya yang sejalan dengan usaha pencapaian sustainable
                development
                This report provides a good overview on Erajaya performance in
                its pursuit to reach sustainable development

         3      Laporan ini mudah dimengerti
                This report is easy to understand

         4      Informasi pada laporan ini cukup lengkap (detail)
                The report provides enough detail of information

         5      Laporan ini layak/dapat dipertanggungjawabkan
                This report is credible enough

  SS: Sangat Setuju                    S: Setuju              RR:     Ragu-ragu                             TS: Tidak Setuju                  STS: Sangat Tidak Setuju
  SA: Strongly Agree                   A: Agree               SD:     Somewhat Disagree                     D: Disagree                       SD: Strongly Disagree



    Informasi yang menarik adalah:                                                                                               Informasi yang kurang menarik adalah:
    Most interested information is (are):                                                                                        Least interested information is (are):

    a.                                                                                                                           a.

    b.                                                                                                                           b.

    c.                                                                                                                           c.

    Saran dan/atau kritik mengenai isi, desain, layout dan lain-lain.                                                            Informasi yang dapat ditambahkan:
    Comments on content, design, layout, etc.                                                                                    Any additional comments:

    a.                                                                                                                           a.

    b.                                                                                                                           b.

    c.                                                                                                                           c.


  Profil Anda | Your Profile

  Nama (tidak wajib) | Name (optional): ....................................................................................................................................................................................................................
  Umur & Gender (wajib) | Age & Gender (obligatory): ..................................................................................................................................................................................
  Institusi/Perusahaan (tidak wajib) | Institution/Company (optional): . ...............................................................................................................................................
  Jenis institusi/Perusahaan | Institution/Company: . .........................................................................................................................................................................................

             Pemerintah | Government                                                       Industri | Industry                                                      Media | Media

             LSM | NGO                                                                     Masyarakat | Community                                                   Lain-lain | Others

  Terima kasih atas kesediaan Bapak/Ibu untuk meluangkan waktu dalam mengisi feedback form ini.
  Mohon agar formulir ini dapat dikirim kepada kami:
  Thank you for your time provided to fill in this feedback form. Please send this form back to us:

  PT Erajaya Swasembada Tbk
  Erajaya Plaza
  Jl. Bandengan Selatan No. 19-20
  Pekojan - Tambora, Jakarta Barat 11240, Indonesia
  P +62 21 690 5788
  F +62 21 690 5789

2023 ANNUAL REPORT                                                                                                                                                      P T E R A J AYA S WA S E M B A D A T B K                                               327
Page 330
LAPORAN
KEUANGAN
F I N A N CI A L STAT E M E N T




P T E R A J AYA S WA S E M B A D A T B K
L A P O R A N TA H U N A N 2 0 2 3
Page 331

          
Page 332
PT Erajaya Swasembada Tbk
dan ent it as anaknya/ and it s subsidiaries

Laporan keuangan konsolidasian tanggal 31 Desember 2023 dan
untuk tahun yang berakhir pada tanggal tersebut
beserta laporan auditor independen/
Consolidated financial statements as of December 31, 2023
and for the year then ended
with independent auditor’s report
Page 333

          
Page 334
                                                                                                       The original consolidated financial statements
                                                                                                     included herein are in the Indonesian language.


         PT ERAJAYA SWASEMBADA Tbk                                                    PT ERAJAYA SWASEMBADA Tbk
             DAN ENTITAS ANAKNYA                                                           AND ITS SUBSIDIARIES
      LAPORAN KEUANGAN KONSOLIDASIAN                                               CONSOLIDATED FINANCIAL STATEMENTS
          TANGGAL 31 DESEMBER 2023                                                     AS OF DECEMBER 31, 2023 AND
    SERTA UNTUK TAHUN YANG BERAKHIR PADA                                                FOR THE YEAR THEN ENDED
              TANGGAL TERSEBUT                                                     WITH INDEPENDENT AUDITOR’S REPORT
     BESERTA LAPORAN AUDITOR INDEPENDEN




                           Daftar Isi                                  Halaman/                        Table of Contents
                                                                         Page


Laporan Auditor Independen..........................................    i-x   ......................................... Independent Auditor’s Report

Laporan Posisi Keuangan Konsolidasian........................           1-3   ................. Consolidated Statement of Financial Position

Laporan Laba Rugi dan Penghasilan                                                                      Consolidated Statement of Profit or Loss
    Komprehensif Lain Konsolidasian ...........................         4-5   ......................... and Other Comprehensive Income

Laporan Perubahan Ekuitas Konsolidasian ....................             6    ................ Consolidated Statement of Changes in Equity

Laporan Arus Kas Konsolidasian ...................................      7-8   .......................... Consolidated Statement of Cash Flows

Catatan Atas Laporan Keuangan Konsolidasian ............. 9 - 171 ............. Notes to the Consolidated Financial Statements



                                                         ****************************
Page 335

          
Page 336

          
Page 337

          
Page 338

          
Page 339

          
Page 340

          
Page 341

          
Page 342

          
Page 343

          
Page 344

          
Page 345
                                                                                            The original consolidated financial statements included herein
                                                                                                                          are in the Indonesian language.


               PT ERAJAYA SWASEMBADA Tbk                                                            PT ERAJAYA SWASEMBADA Tbk
                   DAN ENTITAS ANAKNYA                                                                  AND ITS SUBSIDIARIES
                LAPORAN POSISI KEUANGAN                                                            CONSOLIDATED STATEMENT OF
                       KONSOLIDASIAN                                                                     FINANCIAL POSITION
                  Tanggal 31 Desember 2023                                                              As of December 31, 2023
               (Disajikan dalam Ribuan Rupiah,                                               (Expressed in Thousands of Indonesian Rupiah,
                   Kecuali Dinyatakan Lain)                                                            Unless Otherwise Stated)



                                                 31 Desember 2023/              Catatan/    31 Desember 2022/
                                                 December 31, 2023               Notes      December 31, 2022

ASET                                                                                                                                                          ASSETS

ASET LANCAR                                                                                                                                 CURRENT ASSETS
Kas dan setara kas                                     1.765.703.214            2,4,34,36        1.044.182.531                         Cash and cash equivalents
Piutang usaha                                                                   2,3,16,36                                                      Trade receivables
    Pihak ketiga - neto                                1.348.145.743             5,28,34         1.052.676.507                              Third parties - net
    Pihak-pihak berelasi - neto                           16.703.039                33               2.107.475                           Related parties - net
Piutang lain-lain                                                                2,34,36                                                       Other receivables
    Pihak ketiga - neto                                  664.043.395               5,28             940.000.315                             Third parties - net
    Pihak-pihak berelasi                                   8.374.356                33                8.548.711                               Related parties
                                                                                  2,3,7,
Persediaan - neto                                      8.046.600.374            16,26,28         6.064.666.608                                  Inventories - net
Uang muka                                                266.523.458                 8             710.345.297                                        Advances
Biaya dibayar di muka                                     23.052.456                 9               8.130.157                                Prepaid expenses
Pajak dibayar di muka                                    745.553.012                31           1.332.728.646                                    Prepaid taxes
Aset keuangan lancar lainnya                              50.954.458            2,6,34,36           50.053.264                    Other current financial assets
Taksiran tagihan pajak penghasilan                        28.902.965                31               3.636.426                   Estimated claims for tax refund

TOTAL ASET LANCAR                                    12.964.556.470                             11.217.075.937                      TOTAL CURRENT ASSETS


ASET TIDAK LANCAR                                                                                                                   NON-CURRENT ASSETS
Uang muka pembelian aset tetap                                                                                                          Advances for purchase
   dan aset takberwujud                                  100.488.783                10               47.242.438         of fixed assets and intangible assets
                                                                                   2,3,
Aset tetap - neto                                      2.217.100.783            13,16,28         1.573.130.834                                 Fixed assets - net
Aset takberwujud - neto                                  821.250.643            2,3,14,28          874.115.816                            Intangible assets - net
Aset hak-guna - neto                                   1.593.843.288            2,3,15,28        1.387.384.112                          Right-of-use assets - net
Properti investasi - neto                                 13.464.173                12              14.699.855                       Investment properties - net
Aset pajak tangguhan - neto                              205.333.564              2,3,31           137.814.240                         Deferred tax assets - net
Investasi pada entitas asosiasi                                                                                                       Investments in associates
   dan ventura bersama                                   464.835.404              11,33            400.915.606                              and joint ventures
Taksiran tagihan pajak penghasilan                     1.906.165.189               2,31          1.279.531.142                  Estimated claims for tax refund
Aset keuangan tidak lancar lainnya                       158.240.709            2,6,34,36          123.288.530                Other non-current financial assets
Aset tidak lancar lainnya                                  2.172.696                                 3.019.304                         Other non-current assets

TOTAL ASET TIDAK LANCAR                                7.482.895.232                             5.841.141.877               TOTAL NON-CURRENT ASSETS

TOTAL ASET                                           20.447.451.702                             17.058.217.814                                      TOTAL ASSETS




  Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian integral            The accompanying notes form an integral part of these consolidated financial
                      dari laporan keuangan konsolidasian ini.                                                            statements.


                                                                                    1
Page 346
                                                                                             The original consolidated financial statements included herein
                                                                                                                           are in the Indonesian language.


              PT ERAJAYA SWASEMBADA Tbk                                                             PT ERAJAYA SWASEMBADA Tbk
                  DAN ENTITAS ANAKNYA                                                                    AND ITS SUBSIDIARIES
               LAPORAN POSISI KEUANGAN                                                              CONSOLIDATED STATEMENT OF
                 KONSOLIDASIAN (lanjutan)                                                           FINANCIAL POSITION (continued)
                 Tanggal 31 Desember 2023                                                               As of December 31, 2023
              (Disajikan dalam Ribuan Rupiah,                                                 (Expressed in Thousands of Indonesian Rupiah,
                  Kecuali Dinyatakan Lain)                                                              Unless Otherwise Stated)



                                                31 Desember 2023/              Catatan/      31 Desember 2022/
                                                December 31, 2023               Notes        December 31, 2022

LIABILITAS DAN EKUITAS                                                                                                                 LIABILITIES AND EQUITY

LIABILITAS                                                                                                                                                LIABILITIES

LIABILITAS JANGKA PENDEK                                                                                                                   CURRENT LIABILITIES
                                                                                2,16,34,
Utang bank jangka pendek                              3.962.990.616              36,37            3.491.393.576                               Short-term bank loans
Utang usaha                                                                     2,36,37                                                              Trade payables
   Pihak ketiga                                       3.649.434.902              17,34            2.384.694.180                                       Third parties
   Pihak-pihak berelasi                                  21.940.018                33                16.120.928                                   Related parties
Utang lain-lain                                                                 2,36,37                                                              Other payables
   Pihak ketiga                                       1.402.119.812              17,34            1.114.047.357                                       Third parties
   Pihak-pihak berelasi                                   2.165.886                33                97.786.553                                   Related parties
                                                                                 2,18,
Beban akrual                                             72.188.677            33,36,37              82.584.569                                   Accrued expenses
Utang pajak                                             237.202.150             2,19,31           1.065.434.142                                       Taxes payable
Liabilitas imbalan kerja                                                                                                                        Short-term employee
    jangka pendek                                         58.935.090          2,20,36,37              38.529.462                                 benefits liabilities
Pendapatan diterima di muka                                1.710.250               2                   2.006.369                                  Unearned revenue
Liabilitas keuangan
    jangka pendek lainnya                                   9.454.795                16                             -             Other current financial liabilities
Utang jangka panjang yang
    akan jatuh tempo dalam                                                                                                                    Current maturities
    waktu satu tahun:                                                              2,36,37                                                of long-term debts:
    Utang bank jangka panjang                           484.171.137                   16             285.477.902                       Long-term bank loans
    Liabilitas sewa                                     427.948.374                 15,30            443.013.317                              Lease liabilities
    Utang pembiayaan konsumen                                54.702                   13                 138.179                 Consumer financing payables

TOTAL LIABILITAS
JANGKA PENDEK                                       10.330.316.409                                9.021.226.534                 TOTAL CURRENT LIABILITIES


LIABILITAS JANGKA PANJANG                                                                                                          NON-CURRENT LIABILITIES
Utang jangka panjang -
    setelah dikurangi bagian yang
    akan jatuh tempo                                                                                                                          Long-term debts -
    dalam waktu satu tahun:                                                        2,36,37                                           net of current maturities:
    Utang bank jangka panjang                           658.946.252                   16             181.849.144                       Long-term bank loans
    Utang obligasi                                      554.581.893                  2,21                      -                               Bonds payable
    Liabilitas sewa                                     499.721.441                 15,30            431.346.251                               Lease liabilities
    Utang pembiayaan konsumen                                     -                   13                  47.974                 Consumer financing payables
Liabilitas pajak tangguhan - neto                        25.186.267                2,3,31             28.744.769                     Deferred tax liabilities - net
Liabilitas imbalan kerja                                                                                                                   Long-term employee
    jangka panjang                                      247.925.825                2,3,20            192.140.270                             benefits liabilities

TOTAL LIABILITAS                                                                                                                          TOTAL NON-CURRENT
JANGKA PANJANG                                        1.986.361.678                                  834.128.408                                  LIABILITIES

TOTAL LIABILITAS                                    12.316.678.087                                9.855.354.942                                 TOTAL LIABILITIES




 Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian integral              The accompanying notes form an integral part of these consolidated financial
                     dari laporan keuangan konsolidasian ini.                                                              statements.


                                                                                     2
Page 347
                                                                                             The original consolidated financial statements included herein
                                                                                                                           are in the Indonesian language.


              PT ERAJAYA SWASEMBADA Tbk                                                             PT ERAJAYA SWASEMBADA Tbk
                  DAN ENTITAS ANAKNYA                                                                    AND ITS SUBSIDIARIES
               LAPORAN POSISI KEUANGAN                                                              CONSOLIDATED STATEMENT OF
                 KONSOLIDASIAN (lanjutan)                                                           FINANCIAL POSITION (continued)
                 Tanggal 31 Desember 2023                                                               As of December 31, 2023
              (Disajikan dalam Ribuan Rupiah,                                                 (Expressed in Thousands of Indonesian Rupiah,
                  Kecuali Dinyatakan lain)                                                              Unless Otherwise Stated)


                                                31 Desember 2023/              Catatan/      31 Desember 2022/
                                                December 31, 2023               Notes        December 31, 2022

EKUITAS                                                                                                                                                         EQUITY

EKUITAS YANG DAPAT                                                                                                               EQUITY ATTRIBUTABLE TO
DIATRIBUSIKAN KEPADA                                                                                                                         OWNERS OF THE
PEMILIK ENTITAS INDUK                                                                                                                      PARENT COMPANY
Modal saham - nilai nominal                                                                                                            Share capital - par value
    Rp100 (angka penuh) per saham                                                                                              Rp100 (full amount) per share
    Modal dasar -                                                                                                                               Authorized -
         39.000.000.000 saham                                                                                                    39,000,000,000 shares
    Modal ditempatkan dan
         disetor penuh -                                                                                                               Issued and fully paid -
         15.950.000.000 saham                         1.595.000.000                  22           1.595.000.000                   15,950,000,000 shares
Tambahan modal disetor - neto                           598.379.152                1c,2,23          598.383.602                    Additional paid-in capital - net
Saham treasuri                                          (63.804.128)                 22             (63.804.128)                                  Treasury stock
Selisih transaksi dengan pihak                                                                                             Difference in value from transactions
    nonpengendali                                         19.273.834                1c,2             (83.580.060)               with non-controlling interests
Saldo laba                                                                                                                                     Retained earnings
    Telah ditentukan penggunaannya                        13.000.000                 24               12.000.000                                Appropriated
    Belum ditentukan
         penggunaannya                                5.168.096.701                               4.642.933.081                           Unappropriated
Penghasilan (rugi) komprehensif lain                     (6.544.490)                 2               41.453.119             Other comprehensive income (loss)

TOTAL                                                 7.323.401.069                               6.742.385.614                                                  TOTAL

KEPENTINGAN                                                                                                                                   NON-CONTROLLING
NONPENGENDALI                                           807.372.546                  41              460.477.258                                    INTERESTS

TOTAL EKUITAS                                         8.130.773.615                               7.202.862.872                                      TOTAL EQUITY

TOTAL LIABILITAS DAN
EKUITAS                                             20.447.451.702                               17.058.217.814             TOTAL LIABILITIES AND EQUITY




 Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian integral              The accompanying notes form an integral part of these consolidated financial
                     dari laporan keuangan konsolidasian ini.                                                              statements.


                                                                                     3
Page 348
                                                                                                The original consolidated financial statements included herein
                                                                                                                              are in the Indonesian language.


           PT ERAJAYA SWASEMBADA Tbk                                                                   PT ERAJAYA SWASEMBADA Tbk
                DAN ENTITAS ANAKNYA                                                                         AND ITS SUBSIDIARIES
       LAPORAN LABA RUGI DAN PENGHASILAN                                                        CONSOLIDATED STATEMENT OF PROFIT OR LOSS
        KOMPREHENSIF LAIN KONSOLIDASIAN                                                             AND OTHER COMPREHENSIVE INCOME
        Untuk Tahun yang Berakhir pada Tanggal                                                                 For the Year Ended
                    31 Desember 2023                                                                           December 31, 2023
            (Disajikan dalam Ribuan Rupiah,                                                      (Expressed in Thousands of Indonesian Rupiah,
                Kecuali Dinyatakan Lain)                                                                   Unless Otherwise Stated)


                                                     Tahun yang Berakhir pada Tanggal 31 Desember/
                                                                Year Ended December 31

                                                                                    Catatan/
                                                           2023                      Notes                  2022

PENJUALAN NETO                                         60.139.405.675               2,25,33             49.471.483.883                                        NET SALES

BEBAN POKOK PENJUALAN                                 (53.691.636.505)          2,7,26,33              (44.109.940.328)                     COST OF GOODS SOLD

LABA BRUTO                                               6.447.769.170                                    5.361.543.555                                 GROSS PROFIT

Beban penjualan dan distribusi                          (2.669.737.679)              2,15,27             (2.184.089.958)           Selling and distribution expenses
                                                                                    2,5,7,13,                                                            General and
Beban umum dan administrasi                             (2.153.135.109)             14,20,28             (1.586.675.809)                  administrative expenses
Pendapatan lainnya                                         293.201.629                 2,29                 289.682.196                                 Other income
Beban lainnya                                              (72.514.674)                  2                  (87.479.496)                             Other expenses

LABA USAHA                                               1.845.583.337                                    1.792.980.488                          OPERATING PROFIT

Pendapatan keuangan                                         18.171.208               2                        9.992.528                             Finance income
Biaya keuangan                                            (601.108.099)         2,15,16,30                 (289.668.936)                              Finance costs
Bagian rugi bersih entitas                                                                                                                    Share in net loss from
  asosiasi dan ventura bersama                              (20.831.822)              2,11                   (15.964.565)            associates and joint ventures

LABA SEBELUM PAJAK
PENGHASILAN                                              1.241.814.624                                    1.497.339.515            PROFIT BEFORE INCOME TAX

Beban pajak penghasilan - neto                            (384.953.864)              2,3,31                (420.784.223)                     Income tax expense - net

LABA TAHUN BERJALAN                                        856.860.760                                    1.076.555.292                     PROFIT FOR THE YEAR

PENGHASILAN (RUGI)                                                                                                                OTHER COMPREHENSIVE
KOMPREHENSIF LAIN                                                                                                                              INCOME (LOSS)
Pos-pos yang akan direklasifikasi                                                                                              Items that will be reclassified
  ke laba rugi:                                                                                                                             to profit or loss:
                                                                                                                                         Difference in foreign
  Selisih kurs karena penjabaran                                                                                                       currency translation
     laporan keuangan                                       (45.598.024)                                      56.870.084           of financial statements
  Pajak penghasilan terkait                                  10.031.565                                      (16.566.949)                 Related income tax
Pos-pos yang tidak akan                                                                                                                  Items that will not be
  direklasifikasi ke laba rugi:                                                                                              reclassified to profit or loss:
  Rugi atas instrumen ekuitas yang                                                                                                Loss on equity instruments
     ditetapkan pada nilai wajar melalui                                                                                  designated at fair value through
     penghasilan komprehensif lain                          (19.193.709)                                                -   other comprehensive income
  Pengukuran kembali atas program                                                                                               Remeasurements of defined
     imbalan pasti                                          (14.040.331)               20                     (4.559.016)                     benefit plans
  Pajak penghasilan terkait                                   2.985.531                                        1.172.593                  Related income tax
  Bagian rugi komprehensif                                                                                                    Share in other comprehensive
     lain dari entitas asosiasi                                                                                                      loss from associates
     dan ventura bersama                                        (196.921)              11                       (157.182)               and joint ventures

PENGHASILAN (RUGI)
KOMPREHENSIF LAIN                                                                                                                      OTHER COMPREHENSIVE
TAHUN BERJALAN,                                                                                                                                INCOME (LOSS)
NETO SETELAH PAJAK                                          (66.011.889)                                      36.759.530             FOR THE YEAR, NET OF TAX

TOTAL PENGHASILAN
KOMPREHENSIF                                                                                                                             TOTAL COMPREHENSIVE
TAHUN BERJALAN                                             790.848.871                                    1.113.314.822                   INCOME FOR THE YEAR




  Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian integral                The accompanying notes form an integral part of these consolidated financial
                      dari laporan keuangan konsolidasian ini.                                                                statements.


                                                                                      4
Page 349
                                                                                              The original consolidated financial statements included herein
                                                                                                                            are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                                                    PT ERAJAYA SWASEMBADA Tbk
             DAN ENTITAS ANAKNYA                                                                           AND ITS SUBSIDIARIES
    LAPORAN LABA RUGI DAN PENGHASILAN                                                         CONSOLIDATED STATEMENT OF PROFIT OR LOSS
  KOMPREHENSIF LAIN KONSOLIDASIAN (lanjutan)                                                      AND OTHER COMPREHENSIVE INCOME
     Untuk Tahun yang Berakhir pada Tanggal                                                                      (continued)
                 31 Desember 2023                                                                  For the Year Ended December 31, 2023
         (Disajikan dalam Ribuan Rupiah,                                                       (Expressed in Thousands of Indonesian Rupiah,
             Kecuali Dinyatakan Lain)                                                                     Unless Otherwise Stated)


                                                    Tahun yang Berakhir pada Tanggal 31 Desember/
                                                               Year Ended December 31

                                                                                   Catatan/
                                                          2023                      Notes                 2022

Laba tahun berjalan yang dapat
  diatribusikan kepada:                                                                                                           Profit for the year attributable to:
  Pemilik entitas induk                                   826.049.833                                   1.012.872.953            Owners of the parent company
  Kepentingan nonpengendali                                30.810.927                                      63.682.339                    Non-controlling interests

TOTAL                                                     856.860.760                                   1.076.555.292                                             TOTAL

Total penghasilan komprehensif
  tahun berjalan yang                                                                                                             Total comprehensive income for
  dapat diatribusikan kepada:                                                                                                            the year attributable to:
  Pemilik entitas induk                                   778.052.224                                   1.035.115.107            Owners of the parent company
  Kepentingan nonpengendali                                12.796.647                                      78.199.715                   Non-controlling interests

TOTAL                                                     790.848.871                                   1.113.314.822                                             TOTAL

Laba per saham dasar yang dapat                                                                                                       Basic earnings per share
   diatribusikan kepada pemilik                                                                                                attributable to owners of the
   entitas induk (angka penuh)                                     52,34            2,32                           63,87      parent company (full amount)




 Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian integral               The accompanying notes form an integral part of these consolidated financial
                     dari laporan keuangan konsolidasian ini.                                                               statements.


                                                                                     5
Page 350
                                                                                                                                                                                                                                                                                    The original consolidated financial statements included herein are in the Indonesian language.


                                               PT ERAJAYA SWASEMBADA Tbk DAN ENTITAS ANAKNYA                                                                                                                                                            PT ERAJAYA SWASEMBADA Tbk AND ITS SUBSIDIARIES
                                                   LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN                                                                                                                                                               CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
                                               Untuk Tahun yang Berakhir pada Tanggal 31 Desember 2023                                                                                                                                                           For the Year Ended December 31, 2023
                                                (Disajikan dalam Ribuan Rupiah, Kecuali Dinyatakan Lain)                                                                                                                                         (Expressed in Thousands of Indonesian Rupiah, Unless Otherwise Stated)



                                                                                                                   Ekuitas yang dapat diatribusikan kepada Pemilik Entitas Induk/Equity attributable to Owners of the Parent Company

                                                                                                                                                                                                                                    Penghasilan (Rugi) Komprehensif Lain/
                                                                                                                                                                                                                                     Other Comprehensive Income (Loss)
                                                                                                                                                   Selisih Transaksi                                                                                                    Rugi atas
                                                                                                                                                     Dengan Pihak                                                          Selisih Kurs                             Perubahan Nilai
                                                                                  Modal                                                             Nonpengendali/                                                      Karena Penjabaran     Pengukuran Kembali         Wajar
                                                                            Ditempatkan dan                                                            Difference             Saldo Laba/Retained Earnings              Laporan Keuangan/       Atas Program           Instrumen
                                                                             Disetor penuh/        Tambahan Modal                                    in Value from                                                         Difference in        Imbalan Pasti/          Ekuitas/                                     Kepentingan
                                                                               Issued and           Disetor - Neto/                                Transactions with     Telah Ditentukan       Belum ditentukan         Foreign Currency      Remeasurements      Loss on Changes                                  Nonpengendali/
                                                           Catatan/             Fully Paid         Additional Paid-in-      Saham Treasuri/         Non-controlling      Penggunaannya/         Penggunaannya/            Translation of          of Defined        in Fair Value of             Total/             Non-controlling           Total Ekuitas/
                                                            Notes             Share capital          Capital - Net          Treasury Stock              Interests         Appropriated           Unappropriated        Financial Statements      Benefit Plans     Equity Instrument             Total                 Interests               Total Equity

Saldo, 1 Januari 2022                                                           1.595.000.000             598.405.873               (8.960.935)           (69.105.219)         11.000.000           3.993.389.103               (6.912.393)          26.123.358                       -         6.138.939.787             323.421.883           6.462.361.670                     Balance, January 1, 2022

Pembentukan cadangan umum                                      24                             -                      -                        -                      -           1.000.000              (1.000.000)                      -                     -                      -                       -                       -                         -           Appropriation of general reserve

Pembelian saham treasuri                                                                      -                      -            (54.843.193)                       -                      -                      -                     -                     -                      -           (54.843.193)                        -           (54.843.193)                    Purchase of treasury share

Pendirian entitas anak                                         1c                             -                      -                        -                      -                      -                      -                     -                     -                      -                       -              1.001.000              1.001.000                    Establishment of subsidiary

Perubahan pengendalian entitas anak                            1c                             -                      -                        -                      -                      -                      -                     -                     -                      -                       -               (24.247)                (24.247)             Changes of control in subsidiaries

Akuisisi entitas anak                                          1c                             -                      -                        -                      -                      -                      -                     -                     -                      -                       -                769.421                769.421                      Acquisition of a subsidiary

Penerbitan modal saham - entitas anak                          1c                             -                     60                        -            61.551.593                       -                      -                     -                     -                      -            61.551.653               (4.714.279 )           56.837.374         Issuance of share capital - subsidiaries

Penurunan modal saham - entitas anak                           1c                             -                (22.331)                       -           (76.026.434)                      -                      -                     -                     -                      -           (76.048.765)             76.048.765                           -             Capital reduction - subsidiaries

Dividen kas - Perusahaan                                       24                             -                      -                        -                      -                      -        (362.328.975)                       -                     -                      -          (362.328.975)                        -          (362.328.975 )                    Cash dividend - Company

Dividen kas - entitas anak                                                                    -                      -                        -                      -                      -                      -                     -                     -                      -                       -            (14.225.000)            (14.225.000 )                  Cash dividend - subsidiary

Laba tahun berjalan                                                                           -                      -                        -                      -                      -       1.012.872.953                        -                     -                      -         1.012.872.953              63.682.339           1.076.555.292                               Profit for the year

Penghasilan komprehensif lain tahun berjalan                                                  -                      -                        -                      -                      -                      -            25.644.262           (3.402.108)                      -            22.242.154              14.517.376              36.759.530       Other comprehensive income for the year

Saldo, 31 Desember 2022                                                         1.595.000.000             598.383.602             (63.804.128)            (83.580.060)         12.000.000           4.642.933.081               18.731.869           22.721.250                       -         6.742.385.614             460.477.258           7.202.862.872                 Balance, December 31, 2022

Pembentukan cadangan umum                                      24                             -                      -                        -                      -           1.000.000              (1.000.000)                      -                     -                      -                       -                       -                         -           Appropriation of general reserve

Pendirian entitas anak                                         1c                             -                      -                        -                      -                      -                      -                     -                     -                      -                       -            16.081.555              16.081.555                   Establishment of subsidiaries

Penerbitan modal saham entitas anak                            1c                             -                 (4.450)                       -           102.853.894                       -                      -                     -                     -                      -           102.849.444             318.045.873             420.895.317        Issuance of share capital of subsidiaries

Dividen kas - Perusahaan                                       24                             -                      -                        -                      -                      -        (299.886.213)                       -                     -                      -          (299.886.213)                        -          (299.886.213 )                    Cash dividend - Company

Dividen kas - entitas anak                                                                    -                      -                        -                      -                      -                      -                     -                     -                      -                       -                (28.787 )               (28.787 )                  Cash dividend - subsidiary

Laba tahun berjalan                                                                           -                      -                        -                      -                      -         826.049.833                        -                     -                      -           826.049.833              30.810.927             856.860.760                               Profit for the year

Rugi komprehensif lain tahun berjalan                                                         -                      -                        -                      -                      -                      -           (24.273.311)         (11.248.387)            (12.475.911)          (47.997.609)             (18.014.280)            (66.011.889 )       Other comprehensive loss for the year

Saldo, 31 Desember 2023                                                         1.595.000.000             598.379.152             (63.804.128)             19.273.834          13.000.000           5.168.096.701               (5.541.442)          11.472.863             (12.475.911)        7.323.401.069             807.372.546           8.130.773.615                 Balance, December 31, 2023




                                          Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian integral dari laporan keuangan konsolidasian ini.                                                                                                   The accompanying notes form an integral part of these consolidated financial statements.




                                                                                                                                                                                                    6
Page 351
                                                                                              The original consolidated financial statements included herein
                                                                                                                            are in the Indonesian language.

           PT ERAJAYA SWASEMBADA Tbk                                                                PT ERAJAYA SWASEMBADA Tbk
                DAN ENTITAS ANAKNYA                                                                      AND ITS SUBSIDIARIES
        LAPORAN ARUS KAS KONSOLIDASIAN                                                        CONSOLIDATED STATEMENT OF CASH FLOWS
        Untuk Tahun yang Berakhir pada Tanggal                                                              For the Year Ended
                    31 Desember 2023                                                                        December 31, 2023
            (Disajikan dalam Ribuan Rupiah,                                                   (Expressed in Thousands of Indonesian Rupiah,
                Kecuali Dinyatakan Lain)                                                                Unless Otherwise Stated)


                                                    Tahun yang Berakhir pada Tanggal 31 Desember/
                                                               Year Ended December 31

                                                                                   Catatan/
                                                          2023                      Notes                 2022

ARUS KAS DARI                                                                                                                               CASH FLOWS FROM
AKTIVITAS OPERASI                                                                                                                       OPERATING ACTIVITIES
Penerimaan kas dari pelanggan                          59.792.126.106             5,25              49.011.472.165                   Cash receipts from customers
Pembayaran kas kepada pemasok                         (55.365.700.039)         7,8,18,28           (46.728.572.843 )                  Cash payments to suppliers
Pembayaran kas kepada karyawan                         (1.943.053.875)         20,27,28             (1.498.943.408 )                 Cash payments to employees

Kas yang dihasilkan dari                                                                                                                         Cash provided by
   aktivitas operasi                                    2.483.372.192                                    783.955.914                       operating activities
Penerimaan dari (pembayaran untuk):                                                                                            Cash receipts from (payments for):
   Pendapatan bunga                                        18.171.208                                      9.992.528                           Interest income
   Beban bunga                                           (490.335.006)               30                 (269.580.941 )                      Interest expenses
   Pajak penghasilan                                   (1.128.865.756)               31                  (97.076.904 )                           Income taxes

Kas Neto yang Diperoleh dari                                                                                                                 Net Cash Provided by
   Aktivitas Operasi                                       882.342.638                                   427.290.597                        Operating Activities

ARUS KAS DARI AKTIVITAS                                                                                                       CASH FLOWS FROM INVESTING
INVESTASI                                                                                                                                            ACTIVITIES
Penerimaan dividen dari                                                                                                                  Dividend received from
   entitas asosiasi                                           2.426.459              11                     8.069.560                              associates
Hasil penjualan aset tetap                                    1.669.725              13                       655.410         Proceeds from sale of fixed assets
                                                                                                                                     Acquisitions of fixed assets
Pembelian aset tetap dan uang                                                                                                               and advances for
   muka pembelian aset tetap                           (1.049.799.416)             10,13                (614.807.011 )              purchase of fixed assets
Penambahan investasi pada entitas                                                                                                   Addition of investment in an
   asosiasi dan ventura bersama                            (83.700.000)              11                 (318.364.000 )           associate and joint ventures
Penambahan uang jaminan                                    (35.853.373)               6                  (53.688.745 )             Additions in security deposits
Penambahan sewa dibayar
   di muka                                                 (29.118.559)                                  (16.313.023 )                    Additions in prepaid rent
Penambahan aset hak-guna                                    (9.791.271)              15                  (17.227.684 )              Addition of right-of-use assets
Pembelian aset takberwujud                                  (3.455.177)              14                 (160.399.653 )            Acquisitions of intangible assets
Pembayaran uang muka                                                                                                                     Payment of advances for
   pembelian saham                                                        -                                (7.276.601 )                      stock subscription

Kas Neto yang Digunakan                                                                                                               Net Cash Used in Investing
   untuk Aktivitas Investasi                           (1.207.621.612)                               (1.179.351.747 )                              Activities




 Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian integral               The accompanying notes form an integral part of these consolidated financial
                     dari laporan keuangan konsolidasian ini.                                                               statements.


                                                                                     7
Page 352
                                                                                                The original consolidated financial statements included herein
                                                                                                                              are in the Indonesian language.

          PT ERAJAYA SWASEMBADA Tbk                                                                    PT ERAJAYA SWASEMBADA Tbk
               DAN ENTITAS ANAKNYA                                                                           AND ITS SUBSIDIARIES
    LAPORAN ARUS KAS KONSOLIDASIAN (lanjutan)                                                          CONSOLIDATED STATEMENT OF
       Untuk Tahun yang Berakhir pada Tanggal                                                              CASH FLOWS (continued)
                   31 Desember 2023                                                                  For the Year Ended December 31, 2023
           (Disajikan dalam Ribuan Rupiah,                                                       (Expressed in Thousands of Indonesian Rupiah,
               Kecuali Dinyatakan Lain)                                                                     Unless Otherwise Stated)


                                                       Tahun yang Berakhir pada tanggal 31 Desember/
                                                                  Year Ended December 31

                                                                                     Catatan/
                                                            2023                      Notes                 2022

ARUS KAS DARI AKTIVITAS                                                                                                        CASH FLOWS FROM FINANCING
PENDANAAN                                                                                                                                             ACTIVITIES
Penerimaan dari:                                                                                                                                  Proceeds from:
   Utang bank jangka panjang                                 675.790.343               16                  109.808.820                 Long-term bank loans
   Utang obligasi setelah dikurangi                                                                                                     Bonds payable net of
       biaya penerbitan                                      554.581.893                                                  -               cost of issuance
                                                                                                                                       Capital contribution to
  Setoran modal ke entitas anak dari                                                                                                     subsidiaries from
      kepentingan nonpengendali                              436.976.872               1c                  58.606.588              non-controlling interests
  Utang bank jangka pendek                                    79.371.287               16               2.071.269.203                  Short-term bank loans
Pembayaran untuk:                                                                                                                                   Payments for:
  Liabilitas sewa                                           (761.346.439)              15                 (659.209.387 )                      Lease liabilities
  Dividen kas                                               (299.886.213)              24                 (362.328.975 )                      Cash dividends
  Utang pembiayaan konsumen                                     (131.451)                                     (169.057 )         Consumer financing payables
  Dividen kas untuk kepentingan                                                                                                       Cash dividends paid to
      nonpengendali                                                (28.787)                                (14.225.000 )            non-controlling interest
  Pembelian saham treasuri                                               -                                 (54.843.193 )           Purchase of treasury stock

Kas Neto yang Diperoleh dari                                                                                                                   Net Cash Provided by
   Aktivitas Pendanaan                                       685.327.505                                1.148.908.999                         Financing Activities

KENAIKAN NETO                                                                                                                             NET INCREASE IN
KAS DAN SETARA KAS                                           360.048.531                                   396.847.849         CASH AND CASH EQUIVALENTS

Efek neto perubahan kurs                                                                                                                     Net effect of changes in
   mata uang terhadap                                                                                                                         exchange rates on
   kas dan setara kas                                          (6.969.030)                                  10.776.650                 cash and cash equivalents

KAS DAN SETARA KAS                                                                                                             CASH AND CASH EQUIVALENTS
AWAL TAHUN                                                   824.887.602                                   417.263.103               AT BEGINNING OF YEAR

KAS DAN SETARA KAS                                                                                                             CASH AND CASH EQUIVALENTS
AKHIR TAHUN                                                1.177.967.103                                   824.887.602                     AT END OF YEAR

KAS DAN SETARA KAS                                                                                                             CASH AND CASH EQUIVALENTS
AKHIR TAHUN TERDIRI DARI:                                                                                                       AT END OF YEAR CONSIST OF:
Kas dan setara kas                                         1.765.703.214               4                1.044.182.531                Cash and cash equivalents
Cerukan                                                     (587.736.111)              16                (219.294.929 )                             Overdrafts

KAS DAN SETARA KAS                                                                                                             CASH AND CASH EQUIVALENTS
AKHIR TAHUN                                                1.177.967.103                                   824.887.602                     AT END OF YEAR


Informasi tambahan atas transaksi non-kas disajikan pada Catatan 39.                                     Supplementary information on non-cash transactions are disclosed in
                                                                                                                                                                   Note 39.




   Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian integral               The accompanying notes form an integral part of these consolidated financial
                       dari laporan keuangan konsolidasian ini.                                                               statements.


                                                                                       8
Page 353
                                                                 The original consolidated financial statements included herein
                                                                                               are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                          PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                             NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                         As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                                For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                              (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                         Unless Otherwise Stated)


1.   UMUM                                                       1.    GENERAL

     a.   Pendirian Perusahaan                                        a.   Establishment of the Company

          PT Erajaya Swasembada Tbk (“Perusahaan”)                         PT Erajaya Swasembada Tbk (the “Company”)
          didirikan di Indonesia berdasarkan Akta Notaris                  was established in Indonesia based on Notarial
          Myra Yuwono, S.H., No. 7 tanggal                                 Deed No. 7 of Myra Yuwono, S.H., dated
          8 Oktober 1996. Akta pendirian ini telah                         October 8, 1996. The Deed of Establishment
          disahkan oleh Menteri Kehakiman Republik                         was approved by the Ministry of Justice of the
          Indonesia       dalam     Surat     Keputusan                    Republic of Indonesia in its Decision Letter
          No. C2-1270.HT.01.01.Tahun 1997 tanggal                          No. C2-1270.HT.01.01.Year 1997 dated
          24 Februari 1997 serta diumumkan dalam                           February 24, 1997 and was published in
          Berita Negara Republik Indonesia No. 41                          Supplement No. 2016 of the State Gazette
          Tambahan No. 2016 tanggal 23 Mei 1997.                           No. 41 dated May 23, 1997. The Company’s
          Anggaran Dasar Perusahaan telah mengalami                        Articles of Association has been amended
          beberapa kali perubahan, terakhir dengan Akta                    several times, most recently by Notarial Deed
          Notaris R.M. Dendy Soebangil, S.H., M.Kn.,                       No. 3 of R.M. Dendy Soebangil, S.H., M.Kn.,
          No. 3 tertanggal 4 Juli 2022, terkait                            dated on July 4, 2022, pertaining to adjustment
          penyesuaian Klasifikasi Baku Lapangan Usaha                      of the Indonesian Standard Classification of
          Indonesia (“KBLI”) dan penyesuaian kegiatan                      Business Fields (“KBLI”) and adjustment of
          usaha utama dan penunjang. Perubahan                             main and supporting business activities. The
          Anggaran Dasar ini telah disetujui oleh                          latest amendment of the Articles of Association
          Kementerian Hukum           dan Hak Asasi                        has been approved by the Minister of Law and
          Manusia Republik Indonesia berdasarkan                           Human Rights of the Republic of Indonesia in
          Surat No. AHU-0045885.AH.01.02 Tahun 2022                        its Letter No. AHU-0045885.AH.01.02 Year
          tertanggal 4 Juli 2022.                                          2022 dated on July 4, 2022.

          Sesuai dengan Pasal 3 Anggaran Dasar                             In accordance with Article 3 of the Company's
          Perusahaan, ruang lingkup kegiatan usaha                         Articles of Association, the scope of its activities
          Perusahaan terdiri      atas, antara lain,                       comprises, among others, large trading,
          perdagangan besar, aktivitas dan jasa; dan                       activities and services; and industry. The scope
          industri. Ruang lingkup aktivitas utama entitas                  of the main activities of its subsidiaries includes
          anak      meliputi  bidang     distribusi  dan                   distribution and trading of telecommunication
          perdagangan peralatan telekomunikasi seperti                     equipment such as cellular phones, Subscriber
          telepon selular, Subscriber Identity Module                      Identity Module Card (“SIM Card”), vouchers for
          Card (“SIM Card”), voucher untuk telepon                         cellular phone, accessories, computer and
          selular, aksesoris, komputer dan perangkat                       other electronic devices, property business,
          elektronik lainnya, bisnis properti, penyedia                    providing information technology system,
          sistem teknologi informasi, layanan dan                          managing service and customer relationship,
          hubungan pelanggan, perdagangan alat                             trading of medical equipment, trading of
          kesehatan, perdagangan produk farmasi,                           pharmacy products, trading of cosmetics,
          perdagangan kosmetik, perdagangan besar                          wholesale food and beverage and restaurant.
          makanan dan minuman dan restoran.




                                                            9
Page 354
                                                            The original consolidated financial statements included herein
                                                                                          are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                     PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                            AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                        NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                           FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                    As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                           For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                         (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                    Unless Otherwise Stated)


1.   UMUM (lanjutan)                                       1.    GENERAL (continued)

     a.   Pendirian Perusahaan (lanjutan)                        a.   Establishment of the Company (continued)

          Perusahaan berdomisili di Jalan Gedong                      The Company is domiciled at Jalan Gedong
          Panjang No. 29-31, Pekojan, Tambora,                        Panjang No. 29-31, Pekojan, Tambora,
          Jakarta, dan beroperasi secara komersial pada               Jakarta, and started its commercial operations
          tahun 2000.                                                 in 2000.

          PT Eralink International yang didirikan di                  PT Eralink International which is incorporated in
          Indonesia adalah entitas induk terakhir                     Indonesia is the ultimate parent company of the
          Perusahaan.                                                 Company.

     b. Penawaran   Umum      Efek  Perusahaan                   b.   Company’s      Public    Offering  and
        dan Aksi Korporasi yang Mempengaruhi                          Corporate Actions Affecting Issued and
        Modal Saham yang Ditempatkan dan Disetor                      Fully Paid Share Capital
        Penuh

          Pada tanggal 2 Desember 2011, Perusahaan                    On December 2, 2011, the Company received
          memperoleh pernyataan efektif dari Ketua                    the effective statement from the Chairman of
          Otoritas Jasa Keuangan (“OJK”) dalam                        Financial Services Authority (“OJK”) in its letter
          suratnya   No.    S-12999/BL/2011     untuk                 No. S-12999/BL/2011 to offer its 920,000,000
          melakukan penawaran umum perdana                            shares to public with par value of Rp500 (full
          sebanyak 920.000.000 saham dengan nilai                     amount) per share through the Indonesia Stock
          nominal Rp500 (angka penuh) per saham                       Exchange at an initial offering price
          kepada masyarakat melalui Bursa Efek                        of Rp1,000 (full amount) per share.
          Indonesia dengan harga penawaran perdana                    On December 14, 2011, the Company has
          sebesar Rp1.000 (angka penuh) per saham.                    listed all its issued and fully paid shares on the
          Pada tanggal 14 Desember 2011, Perusahaan                   Indonesia Stock Exchange.
          telah mencatatkan seluruh saham dari modal
          ditempatkan dan disetor penuh di Bursa Efek
          Indonesia.

          Pada tanggal 25 April 2018, Perusahaan telah                On April 25, 2018, the Company conducted a
          melaksanakan Penambahan Modal Tanpa Hak                     Non-Preemptive Rights Issue by issuing new
          Memesan Efek Terlebih Dahulu dengan                         shares equivalent totaling to 290,000,000
          menerbitkan 290.000.000 saham dengan                        shares with exercise price of Rp1,054 (full
          harga pelaksanaan sebesar Rp1.054 (angka                    amount) per share.
          penuh) per saham.

          Perusahaan telah melakukan pembelian                        The Company has puchased treasury stock
          saham treasuri sejumlah 166.515.100 saham                   totaling to 166,515,100 shares during
          dari tanggal 30 Maret 2020 sampai                           March 30, 2020 to December 9, 2022 with
          9 Desember 2022 dengan harga pembelian                      purchase cost of Rp63,804,128. After the
          sebesar Rp63.804.128. Setelah pembelian                     purchase, the number of outstanding shares
          tersebut, jumlah saham yang beredar menjadi                 has become 15,783,484,900 shares.
          15.783.484.900 saham.

          Pada tanggal 3 Maret 2021, Perusahaan                       On March 3, 2021, the Company conducted
          melakukan     pemecahan     nilai nominal                   stock split of the Company’s par value from
          sahamnya dari Rp500 per saham menjadi                       Rp500 per share to Rp100 per share, which
          Rp100 per saham, sehingga jumlah saham                      resulted in the number of shares issued by the
          yang dikeluarkan Perusahaan yang semula                     Company changed from 3,190,000,000 shares
          berjumlah 3.190.000.000 saham berubah                       to become 15,950,000,000 shares.
          menjadi 15.950.000.000 saham.




                                                      10
Page 355
                                                                                                              The original consolidated financial statements included herein
                                                                                                                                            are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                                                                       PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                                                                              AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                                                                          NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                                                             FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                                                                      As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                                                                             For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                                                                           (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                                                                      Unless Otherwise Stated)


1.   UMUM (lanjutan)                                                                                         1.    GENERAL (continued)

     c.        Susunan Entitas Anak                                                                                c.       Subsidiaries’ Structure

               Laporan keuangan konsolidasian mencakup                                                                      The consolidated financial statements include
               akun-akun entitas anak, dimana Perusahaan                                                                    the accounts of subsidiaries, which the
               mempunyai pengendalian, baik langsung                                                                        Company has control either directly or indirectly
               maupun tidak langsung, sebagai berikut:                                                                      as follows:
                                                                      Tahun
                                                                    Beroperasi
                                                                      Secara
                                                                    Komersial/               Persentase Kepemilikan/                   Total Aset Sebelum Eliminasi/
                                                   Tempat             Start of               Percentage of Ownership                  Total Assets Before Eliminations
                                                 Kedudukan/         Commercial       ____________                                 ____________

                     Entitas Anak                 Domicile          Operations                 2023                2022                    2023               2022                 Subsidiaries

          Kepemilikan langsung                                                                                                                                                            Direct ownership
                                                                                                                                                                              PT Erafone Artha Retailindo
          PT Erafone Artha Retailindo (“EAR”)     Jakarta               2003                         99,82                99,82        6.317.049.770       5.783.631.029                      (“EAR”)
          PT Sinar Eka Selaras Tbk (“SES”)        Jakarta               2011                         80,00                99,99        1.890.680.812       1.301.315.844 PT Sinar Eka Selaras Tbk (“SES”)
          PT Era Sukses Abadi (“ESA”) 1)          Jakarta               2011                         99,99                99,99          371.158.302         307.356.439   PT Era Sukses Abadi (“ESA”) 1)
          PT Era Boga Nusantara (‘’EBN’’)         Jakarta               2020                         99,99                99,99          278.165.810         206.199.449 PT Era Boga Nusantara (‘’EBN’’)
          PT Era Prima Indonesia (“EPI”)          Jakarta               2017                         99,99                99,99          106.781.182         130.463.414   PT Era Prima Indonesia (“EPI”)
          PT Azec Indonesia Management                                                                                                                                    PT Azec Indonesia Management
              Services (“AIMS”)                   Jakarta               2001                         99,99                99,99            65.315.837         52.549.872            Services (“AIMS”)
          Erajaya Holding Pte. Ltd               Singapura/                                                                                                                       Erajaya Holding Pte. Ltd.
              (“EH”)                             Singapore              2018                        100,00              100,00             10.746.778        329.999.801                         (“EH”)
          PT Indonesia Orisinil Teknologi                                                                                                                                  PT Indonesia Orisinil Teknologi
              (“IOT”)                             Jakarta               2018                         99,99                99,99             1.157.826          1.134.474                        (“IOT”)

          Kepemilikan tidak langsung                                                                                                                                                      Indirect ownership
          melalui EAR                                                                                                                                                                           through EAR
                                                                                                                                                                                 PT Teletama Artha Mandiri
          PT Teletama Artha Mandiri (“TAM”) 2)    Jakarta               2005                         99,99                99,99        5.983.255.898       3.991.988.452                      (“TAM”) 2)
          PT Data Citra Mandiri (“DCM”)           Jakarta               2004                         99,99                99,99        3.014.610.995       1.574.739.017     PT Data Citra Mandiri (“DCM”)
          PT Nusa Abadi Sukses Artha                                                                                                                                          PT Nusa Abadi Sukses Artha
             (“NASA”)                             Jakarta               2017                         99,99                99,99          583.250.665        628.168.627                        (“NASA”)
                                                                                                                                                                                PT Prakarsa Prima Sentosa
          PT Prakarsa Prima Sentosa (“PPS”)       Jakarta               2010                         80,00                80,00            96.696.833        97.518.824                          (“PPS”)
          PT Mandiri Sinergi Niaga (“MSN”)        Jakarta               2011                         99,99                99,99            91.896.597       115.607.181    PT Mandiri Sinergi Niaga (“MSN”)
                                                                                                                                                                                PT Prima Pesona Prakarsa
          PT Prima Pesona Prakarsa (“PPP”)        Jakarta               2010                         99,99                99,99            11.274.637       161.385.081                          (“PPP”)
          PT Citra Kreativa Inovasi (“CKI”)       Jakarta               2012                         77,06                77,06               596.639           602.064     PT Citra Kreativa Inovasi (“CKI”)

          Kepemilikan tidak langsung                                                                                                                                                     Indirect ownership
          melalui MSN                                                                                                                                                                         through MSN
          PT Multi Media Selular (“MMS”)          Jakarta               2004                         99,60                99,60          169,638,443        212.251.787      PT Multi Media Selular (“MMS”)
          PT Data Media Telekomunikasi                                                                                                                                       PT Data Media Telekomunikasi
             (“DMT”)                              Jakarta               2003                         98,00                98,00            17,665,865         16.865.740                       (“DMT”)

          Kepemilikan tidak langsung                                                                                                                                                    Indirect ownership
          melalui EPI                                                                                                                                                                          through EPI
                                                                                                                                                                               PT Surya Andra Medicalindo
          PT Surya Andra Medicalindo (“SAM”)      Jakarta               2017                         55,04                55,04            79.269.134       104.254.254                        (“SAM”)
                                                                                                                                                                             PT Urogen Advanced Solutions
          PT Urogen Advanced Solutions (“UAS”)    Jakarta               2017                         55,00                55,00            76.080.146       103.024.428                        (“UAS”)

          PT Nusa Gemilang Abadi (“NGA”) 3)       Jakarta               2006                         99,99                99,99            61.972.945       101.618.532 PT Nusa Gemilang Abadi (“NGA”)3)
          PT Jagad Utama Lestari (“JUL”)          Jakarta               2019                         85,00                85,00             4.045.158         4.169.514    PT Jagad Utama Lestari (“JUL”)
          PT Era Prima Medika (’’EPM’’)           Jakarta               2020                         99,86                99,00             1.861.232           242.235     PT Era Prima Medika (’’EPM’’)
          1)
             Terdiri dari kepemilikan langsung Perusahaan sebesar 46,93% dan kepemilikan tidak langsung melalui EAR, TAM dan DCM masing-masing sebesar 23,99%, 21,27% dan 7,8%/
             Comprise the direct ownership by the Company of 46.93% and direct ownership through EAR, TAM and DCM of 23.99%, 21.27% and 7.8%, respectively.
          2)
             Sejak tanggal 21 Juni 2022, kepemilikan tidak langsung melalui EAR sebesar 99,99%, sebelumnya kepemilikan langsung Perusahaan sebesar 70,36% dan kepemilikan tidak langsung melalui EAR
             sebesar 29,63%/Since on June 21, 2022, indirect ownership through EAR of 99.99%, previously direct ownership by the Company of 70.36% and indirect ownership through EAR of 29.63%.
          3)
             Sejak tanggal 21 Juni 2022, kepemilikan tidak langsung melalui EPI sebesar 99,99%, sebelumnya kepemilikan langsung Perusahaan sebesar 70,06% dan kepemilikan tidak langsung melalui EPI
             sebesar 29,93%/Since on June 21, 2022, indirect ownership through EPI of 99.99%, previously direct ownership by the Company of 70.06% and indirect ownership through EPI of 29.93%.




                                                                                            11
Page 356
                                                                                                  The original consolidated financial statements included herein
                                                                                                                                are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                                                           PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                                                                  AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                                                              NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                                                          As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                                                                 For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                                                               (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                                                          Unless Otherwise Stated)


1.   UMUM (lanjutan)                                                                             1.    GENERAL (continued)

     c.     Susunan Entitas Anak (lanjutan)                                                            c.       Subsidiaries’ Structure (continued)

            Laporan keuangan konsolidasian mencakup                                                             The consolidated financial statements include
            akun-akun entitas anak, dimana Perusahaan                                                           the accounts of subsidiaries, which the
            mempunyai pengendalian, baik langsung                                                               Company has control either directly or indirectly
            maupun tidak langsung, sebagai berikut:                                                             as follows: (continued)
            (lanjutan)
                                                              Tahun
                                                            Beroperasi
                                                              Secara
                                                            Komersial/           Persentase Kepemilikan/                   Total Aset Sebelum Eliminasi/
                                                 Tempat       Start of           Percentage of Ownership                  Total Assets Before Eliminations
                                               Kedudukan/   Commercial   ____________                                 ____________

                     Entitas Anak               Domicile    Operations             2023                2022                    2023               2022                  Subsidiaries

          Kepemilikan tidak langsung                                                                                                                                        Indirect ownership
          melalui CG                                                                                                                                                               through CG
          Erafone Retails Malaysia Sdn. Bhd.   Malaysia       2012                      100,00              100,00           163.475.435         64.973.602 Erafone Retails Malaysia Sdn. Bhd.
          Switch Concept Sdn. Bhd.             Malaysia       2007                      100,00              100,00            30.594.579         31.867.012         Switch Concept Sdn. Bhd.
          Urban Republic Sdn. Bhd.             Malaysia       2013                      100,00              100,00            17.193.634         14.619.140         Urban Republic Sdn. Bhd.
          ENB Mobile Malaysia Sdn. Bhd.        Malaysia       2023                       60,00                   -             3.972.816                  -    ENB Mobile Malaysia Sdn. Bhd.
          Switch Malaysia Sdn. Bhd.            Malaysia       2021                      100,00              100,00                11.925              6.934        Switch Malaysia Sdn. Bhd.
          JKK Software Sdn. Bhd.               Malaysia       2014                       80,00               80,00                 7.602            111.605           JKK Software Sdn. Bhd.
          Techero Sdn. Bhd. (“Techero”)        Malaysia       2017                      100,00              100,00                 4.891              4.664     Techero Sdn. Bhd. (“Techero”)

          Kepemilikan tidak langsung                                                                                                                                          Indirect ownership
          melalui PPP                                                                                                                                                               through PPP
          PT Satera Manajemen Persada                                                                                                                             PT Satera Manajemen Persada
             Indonesia (“SMPI”)                 Jakarta       2017                       50,40                50,40                       -              500             Indonesia (“SMPI”)

          Kepemilikan tidak langsung                                                                                                                                           Indirect ownership
          melalui EBN                                                                                                                                                                through EBN
          PT Mitra Belanja Anda (‘’MBA’’)       Jakarta       2020                       51,00               51,00           540.435.528        297.789.727       PT Mitra Belanja Anda (‘’MBA’’)
          PT Era Boga Patiserindo (‘’EBP’’)     Jakarta       2021                       70,00               70,00           151.347.495        172.099.374      PT Era Boga Patiserindo (‘EBP’’)
          Eravest Holding Pte Ltd (‘’EVH’’)    Singapura/     2020                      100,00              100,00            61.957.048         52.741.673      Eravest Holding Pte Ltd (‘’EVH’’)
                                               Singapore
          PT Era Kopi Anda (‘’EKA’’)            Jakarta       2023                       70,00                    -            46.773.362                    -        PT Era Kopi Anda (‘EKA’’)
          PT Era Boga Kari (‘’EBK’’)            Jakarta       2023                       70,00                    -             3.499.289                    -         PT Era Boga Kari (‘EBK’’)
          PT Era Boga Pretzel (“EBPR”)          Jakarta       2023                       99,98                    -               296.456                    -     PT Era Boga Pretzel (“EBPR”)

          Kepemilikan tidak langsung                                                                                                                                           Indirect ownership
          melalui EH                                                                                                                                                                  through EH
          Erajaya Digital Pte. Ltd.            Singapura/
              (’’ERDI’’)                       Singapore      2021                      100,00              100,00           811.573.039        327.205.592      Erajaya Digital Pte. Ltd. (“ERDI”)
          Eraspace Pte. Ltd.                   Singapura/     2021                       65,00               65,00            16.093.967         16.364.384                    Eraspace Pte. Ltd.
                                               Singapore
          Era Property Holding Pte. Ltd.       Singapura/                                                                                                          Era Property Holding Pte. Ltd.
               (‘’EPH’’)                       Singapore      2020                       50,00                50,00             3.125.142       128.905.949                         (‘’EPH’’)

          Kepemilikan tidak langsung                                                                                                                                          Indirect ownership
          melalui Eraspace Pte. Ltd.                                                                                                                                  through Eraspace Pte. Ltd.
          PT Erafone Dotcom (“EDC”)             Jakarta       2009                       98,49                98,49          570.403.867        777.265.738          PT Erafone Dotcom (“EDC”)
          Kepemilikan tidak langsung                                                                                                                                         Indirect ownership
          melalui EDC                                                                                                                                                              through EDC
          PT Data Tekno Indotama (“DTI”)        Jakarta       2019                       99,98                99,98            61.893.075        79.161.816      PT Data Tekno Indotama (“DTI”)
          Kepemilikan tidak langsung                                                                                                                                            Indirect ownership
          melalui SES                                                                                                                                                                 through SES
          PT Mitra Internasional Indonesia                                                                                                                        PT Mitra International Indonesia
             (“MII”)                            Jakarta       2017                       99,99                99,99          618.788.483        513.056.806                               (“MII”)
          PT Era Aktif Indonesia                                                                                                                                           PT Era Aktif Indonesia
             (“EAI”)                            Jakarta       2022                       99,97                99,97            48.624.957        28.372.076                              (“EAI”)
          PT Sinar Era Aktif                                                                                                                                                    PT Sinar Era Aktif
             (“SEA”)                            Jakarta       2022                       99,96                80,00            18.723.071          7.878.360                            (“SEA”)
          PT Era Gaya Indonesia                                                                                                                                           PT Era Gaya Indonesia
             (“EGI”)                            Jakarta       2023                       99,99                    -            16.823.867                    -                           (“EGI”)
          PT Era Gaya Distribusi                                                                                                                                           PT Era Gaya Distribusi
             (“EGD”)                            Jakarta       2023                       99,99                    -             2.037.666                    -                         (“EGD”)
          PT Master Selam Nusantara                                                                                                                                  PT Master Selam Nusantara
             (“MSL”)                            Jakarta       2023                       99,99                    -                  86.279                  -                         (“MSL”)

          Kepemilikan tidak langsung                                                                                                                                          Indirect ownership
          melalui TAM                                                                                                                                                               through TAM
          PT Nusa Abadi Sukses Artha                                                                                                                              PT Nusa Abadi Sukses Artha
             Distribusi Indonesia (“NASAD”)     Jakarta       2021                       99,99                99,99          219.916.774        219.937.255 Distribusi Indonesia (“NASAD”)
          PT Mitra Internasional Indonesia                                                                                                                    PT Mitra Internasional Indonesia
             Distribusi (“MIID”)                Jakarta       2021                       99,99                99,99          169.935.684        169.945.961               Distribusi (“MIID”)




                                                                                12
Page 357
                                                                                                                The original consolidated financial statements included herein
                                                                                                                                              are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                                                                         PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                                                                                AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                                                                            NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                                                               FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                                                                        As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                                                                               For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                                                                             (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                                                                        Unless Otherwise Stated)


1.   UMUM (lanjutan)                                                                                           1.    GENERAL (continued)

     c.        Susunan Entitas Anak (lanjutan)                                                                       c.       Subsidiaries’ Structure (continued)

               Laporan keuangan konsolidasian mencakup                                                                        The consolidated financial statements include
               akun-akun entitas anak, dimana Perusahaan                                                                      the accounts of subsidiaries, which the
               mempunyai pengendalian, baik langsung                                                                          Company has control either directly or indirectly
               maupun tidak langsung, sebagai berikut:                                                                        as follows: (continued)
               (lanjutan)
                                                                        Tahun
                                                                      Beroperasi
                                                                        Secara
                                                                      Komersial/               Persentase Kepemilikan/                   Total Aset Sebelum Eliminasi/
                                                    Tempat              Start of               Percentage of Ownership                  Total Assets Before Eliminations
                                                  Kedudukan/          Commercial       ____________                                 ____________

                       Entitas Anak                Domicile           Operations                 2023                2022                    2023               2022                Subsidiaries

          Kepemilikan tidak langsung                                                                                                                                                        Indirect ownership
          melalui ERDI                                                                                                                                                                           through ERDI
          CG Computers Sdn. Bhd. (“CG”) 4)         Malaysia               1995                         60,00                60,00        1.883.669.876       1.460.292.841 CG Computers Sdn. Bhd. (“CG”) 4)
          Era International Network                                                                                                                                                  Era International Network
              Sdn. Bhd. (“EIM”)                    Malaysia               2015                         95,00                95,00          297.884.435         460.958.948              Sdn. Bhd. (“EIM”)
          Era International Network               Singapura/                                                                                                                         Era International Network
              Pte. Ltd. (“EIS”) 5)                Singapore               2015                         95,00                95,00          281.864.092         276.348.802              Pte. Ltd. (“EIS”) 5)
          Venturistic Mobile Network Sdn. Bhd.                                                                                                                             Venturistic Mobile Network Sdn. Bhd.
              (“VMN”)                              Malaysia               2022                         98,88                95,00          174.905.465         156.351.393                         (“VMN”)
          Erajaya Digital Retail Pte. Ltd.        Singapura/              2021                         60,00                60,00          166.823.402         107.416.574     Erajaya Digital Retail Pte. Ltd.
              (ERDIRET)                           Singapore                                                                                                                                    (ERDIRET)
          Erajaya Swasembada Pte. Ltd.            Singapura/                                                                                                                   Erajaya Swasembada Pte. Ltd
              (“ESS”)                             Singapore               2018                        100,00              100,00           147.115.951         142.278.708                          (“ESS”)
          Era Tech Communication Pte. Ltd.        Singapura/              2022                         99,00               99,00            31.392.384          32.489.398 Era Tech Communication Pte. Ltd.
              (“ETC”)                             Singapore                                                                                                                                         (“ETC”)

          Kepemilikan tidak langsung                                                                                                                                                       Indirect ownership
          melalui MBA                                                                                                                                                                            through MBA
          PT Mitra Belanja Halal (“MBH”)            Jakarta               2023                         90,00                    -             9.381.723                    -   PT Mitra Belanja Halal (“MBH”)

          Kepemilikan tidak langsung                                                                                                                                                      Indirect ownership
          melalui EKA                                                                                                                                                                           through EKA
          PT Era Maju Terus (“EMT”)                 Jakarta               2023                         99,90                    -                  54,922                  -      PT Era Maju Terus (“EMT”)
          4)
               Sejak tanggal 4 Oktober 2022, kepemilikan tidak langsung melalui ERDI sebesar 60,00%, sebelumnya kepemilikan tidak langsung melalui EAR dan EH masing-masing sebesar 49,00% dan 11,00/
               Since on October 4, 2022, indirect ownership through ERDI of 60.00%, previously indirect ownership through EAR and EH of 49.00% and 11,00%, respectively.
          5)
               Sejak tanggal 29 Desember 2022, kepemilikan tidak langsung melalui ERDI sebesar 95,00%, sebelumnya kepemilikan langsung Perusahaan sebesar 95,00/Since on December 29, 2022, indirect
               ownership through ERDI of 95.00%, previously direct ownership by the Company of 95,00%.



               TAM, EAR, CG, SES, DCM, EIM, EIS, NASA,                                                                        TAM, EAR, CG, SES, DCM, EIM, EIS, NASA,
               MII, ESS, EH, ERDIRET, ETC, dan VMN                                                                            MII, ESS, EH, ERDIRET, ETC, and VMN are
               bergerak dalam bidang perdagangan telepon                                                                      engaged in trading of cellular phones,
               selular, aksesoris, komputer dan perangkat                                                                     accessories, computer and other electronic
               elektronik lainnya. MMS dan PPS bergerak                                                                       devices. MMS and PPS are engaged in trading
               dalam bidang perdagangan Subscriber Identity                                                                   of Subscriber Identity Module Card (“SIM
               Module Card (“SIM Card”) dan voucher untuk                                                                     Card”) and vouchers for cellular phone. ESA
               telepon selular. ESA dan EPH bergerak dalam                                                                    and EPH is engaged in property business.
               bidang properti. AIMS bergerak dalam bidang                                                                    AIMS is engaged in providing information
               penyediaan sistem teknologi informasi. UAS                                                                     technology system. UAS and SAM is engaged
               dan SAM bergerak dalam bidang perdagangan                                                                      in trading of medical equipment. DTI is engaged
               alat kesehatan. DTI bergerak dalam bidang                                                                      in managing service and customer relationship.
               layanan dan hubungan pelanggan. NGA                                                                            NGA is engaged in trading of cosmetics. EDC
               bergerak dalam bidang perdagangan eceran                                                                       is engaged in platform digital, EBP is engaged
               kosmetik. EDC bergerak dalam bidang platform                                                                   in wholesale food and beverage, and
               digital,  EBP     bergerak    dalam   bidang                                                                   restaurant. EAI and EGI is engaged in trading
               perdagangan besar makanan dan minuman,                                                                         of sports equipment. SEA is engaged in trading
               dan restoran. EAI dan EGI bergerak dalam                                                                       of diving equipment. MBA is engaged in trading
               bidang    perdagangan      eceran   peralatan                                                                  of food and beverages in supermarkets/
               olahraga. SEA bergerak dalam bidang                                                                            minimarkets.
               perdagangan eceran peralatan selam. MBA
               bergerak dalam bidang perdagangan eceran
               makanan dan minuman di supermarket/
               minimarket.




                                                                                              13
Page 358
                                                             The original consolidated financial statements included herein
                                                                                           are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                      PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                         NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                            FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                     As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                            For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                          (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                     Unless Otherwise Stated)


1.   UMUM (lanjutan)                                        1.    GENERAL (continued)

     c.   Susunan Entitas Anak (lanjutan)                         c.   Subsidiaries’ Structure (continued)

          PT Sinar Era Aktif (“SEA”)                                   PT Sinar Era Aktif (“SEA”)

          Berdasarkan Akta Notaris Petty Fatimah, S.H.,                Based on Notarial Deed Petty Fatimah, S.H.,
          M.Hum., M.Kn. No. 5, pada tanggal                            M.Hum., M.Kn. No. 5, on May 18, 2022, the
          18 Mei 2022, Perusahaan mendirikan SEA                       Company established SEA through SES, in
          melalui SES, dimana SES memiliki 80,00%                      which SES owned 80.00% ownership interests
          kepemilikan pada SEA. Jumlah setoran modal                   in SEA. Total capital contribution paid by SES
          yang dibayarkan oleh SES untuk pendirian SEA                 for the establishment of SEA is amounting to
          adalah sebesar Rp4.000.000.                                  Rp4,000,000.

          Berdasarkan         Pernyataan       Keputusan               Based on Statement of Shareholders’ Decision
          Pemegang Saham yang diaktakan dengan                         which was notarized by Notarial Deed No. 10 of
          Akta Notaris Fandy Aryana, S.H., M.Kn., No 10                Fandy Aryana, S.H., M.Kn., dated on
          tertanggal 26 September 2023, para pemegang                  September 26, 2023, the shareholders of SEA
          saham SEA menyetujui:                                        approved the following:
           Reklasifikasi terhadap seluruh saham SEA                    Reclassification of SEA’s issued shares
               yang telah diterbitkan menjadi saham Seri                    into Series A shares and Series B shares,
               A dan saham Seri B, dimana saham Seri A                      wherein Series A shares and Series B
               dan saham Seri B adalah saham biasa;                         shares are ordinary shares;
           Peningkatan modal ditempatkan dan                           Increase of SEA's issued and fully paid
               disetor SEA dari Rp5.000.000 yang terdiri                   capital from Rp5,000,000 which consists of
               dari 5.000 saham seri A menjadi                             5,000 Series A shares to Rp17,500,000 by
               Rp17.500.000 dengan cara menerbitkan                        issued 2,500,000 Series B shares with par
               2.500.000 saham seri B masing-masing                        value Rp5 per shares or amounted to
               dengan nilai nominal Rp5 atau sebesar                       Rp12,500,000 which fully taken by SES.
               Rp12.500.000 yang diambil bagian
               seluruhnya oleh SES.

          Setelah perubahan di atas, persentase                        After the above changes, the ownership interest
          kepemilikan SES pada SEA menjadi 99,96%.                     of SES in SEA become 99.96%.

          Era Tech Communication Pte. Ltd. (“ETC”)                     Era Tech Communication Pte. Ltd. (“ETC”)

          Pada tanggal 18 Mei 2022, Perusahaan                         On May 18, 2022, the Company established
          mendirikan ETC melalui ERDI, dimana ERDI                     ETC through ERDI, in which ERDI owned 100%
          memiliki 100% kepemilikan pada ETC. Jumlah                   ownership interests in ETC. Total capital
          setoran modal yang dibayarkan oleh ERDI                      contribution paid by ERDI for the establishment
          untuk pendirian ETC adalah sebesar                           of ETC is amounting to Sin$1,000,000.
          $Sin1.000.000.

          Pada tanggal 14 Desember 2022, Perusahaan                    On December 14, 2022, the Company has
          telah melakukan peningkatan modal saham                      increased its share capital in ETC through
          pada ETC melalui ERDI dari $Sin1.000.000                     ERDI, from Sin$1,000,000 become to
          menjadi sebesar $Sin2.500.000 yang diambil                   Sin$2,500,000 which is partially taken by ERDI
          bagian oleh ERDI sebesar $Sin1.475.000 dan                   amounted to Sin$1,475,000 and Tan Peng
          Tan Peng Herng Terence sebesar $Sin25.000.                   Herng Terence amounted to Sin$25,000.


          Setelah perubahan di atas, persentase                        After the above changes, the indirect ownership
          kepemilikan Perusahaan secara tidak langsung                 interest Company’s through ERDI in ETC has
          melalui ERDI pada ETC menjadi sebesar 99%.                   become 99%.




                                                       14
Page 359
                                                               The original consolidated financial statements included herein
                                                                                             are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                        PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                              FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                       As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                              For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                            (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


1.   UMUM (lanjutan)                                          1.    GENERAL (continued)

     c.   Susunan Entitas Anak (lanjutan)                           c.   Subsidiaries’ Structure (continued)

          PT Era Aktif Indonesia (“EAI”)                                 PT Era Aktif Indonesia (“EAI”)

          Berdasarkan Akta Notaris Fandi Aryana, S.H.,                   Based on Notarial Deed Fandi Aryana, S.H.,
          M.Kn. No. 5, pada tanggal 23 Februari 2022,                    M.Kn. No. 5, on February 23, 2022, the
          Perusahaan mendirikan EAI melalui SES,                         Company established EAI through SES, in
          dimana SES memiliki 98,04% kepemilikan                         which SES owned 98.04% ownership interests
          pada EAI. Jumlah setoran modal yang                            in EAI. Total capital contribution paid by SES for
          dibayarkan oleh SES untuk pendirian EAI                        the establishment of EAI is amounting to
          adalah sebesar Rp50.000.                                       Rp50,000.

          Berdasarkan       Pernyataan      Keputusan                    Based on Statement of Shareholders’ Decision
          Pemegang Saham yang diaktakan dengan                           which was notarized by Notarial Deed No. 3 of
          Akta Notaris Fandi Aryana, S.H., M.Kn., No. 3                  Fandi Aryana, S.H., M.Kn., dated on
          tertanggal 28 Desember 2022, para pemegang                     December 28, 2022, the shareholders of EAI
          saham EAI menyetujui:                                          approved the following:
            Peningkatan modal dasar dari Rp200.000                         Increase in share capital from Rp200,000
               menjadi Rp5.000.000; dan                                      to become Rp5,000,000; and
            Peningkatan modal ditempatkan dan                              Increase the issued and fully paid share
               disetor penuh dari Rp51.000 menjadi                           capital from Rp51,000 to Rp3,500,000
               Rp3.500.000 yang diambil         bagian                       which was fully taken by SES.
               seluruhnya oleh SES.

          Setelah perubahan di atas, persentase                          After the above changes, the ownership interest
          kepemilikan SES pada EAI menjadi 99,97%.                       of SES in EAI become 99.97%.

          Venturistic Mobile Network Sdn. Bhd. (“VMN”)                   Venturistic Mobile Network Sdn. Bhd. (“VMN”)

          Pada tanggal 19 Desember 2023, Perusahaan                      On December 19, 2023, the Company has
          telah melakukan peningkatan modal saham                        increased its share capital in VMN through
          pada VMN melalui ERDI dari RM4.500.000                         ERDI, from MYR4,500,000 become to
          menjadi sebesar RM20.000.000 yang diambil                      MYR20,000,000 which is fully taken by ERDI
          sepenuhnya      oleh    ERDI       sebesar                     amounted to MYR15,500,000.
          RM15.500.000.

          Setelah perubahan di atas, persentase                          After the above changes, the indirect ownership
          kepemilikan Perusahaan secara tidak langsung                   interest Company’s through ERDI in VMN has
          melalui ERDI pada VMN menjadi sebesar                          become 98.88%.
          98,88%.

          Pada tanggal 28 Februari 2022, Perusahaan                      On February 28, 2022, the Company through
          melalui ERDI mengakuisisi VMN dengan                           ERDI has acquired VMN by subscribing its
          mengambil bagian atas 4.275.000 saham                          4,275,000 newly issued shares or representing
          barunya atau setara dengan 95% kepemilikan                     95% share ownership in VMN. Upon the
          pada VMN. Pada tanggal akuisisi, VMN                           acquisition, VMN is a company with no
          merupakan entitas tanpa operasi, dan jumlah                    operations, and the consideration paid of
          imbalan yang dialihkan sebesar RM4.275.000                     MYR4,275,000       (or     equivalents     to
          (atau setara dengan Rp14.619.004) setara                       Rp14,619,004) equals to the net assets
          dengan aset neto yang diperoleh.                               acquired.




                                                         15
Page 360
                                                               The original consolidated financial statements included herein
                                                                                             are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                        PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                              FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                       As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                              For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                            (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


1.   UMUM (lanjutan)                                          1.    GENERAL (continued)

     c.   Susunan Entitas Anak (lanjutan)                           c.   Subsidiaries’ Structure (continued)

          PT Era Blu Elektronik (“EBE“)                                  PT Era Blu Elektronik (“EBE“)

          Berdasarkan Akta Notaris Raden Mas Dendy                       Based on Notarial Deed Raden Mas Dendy
          Soebangil, S.H., M.Kn. No. 12, pada tanggal                    Soebangil, S.H., M.Kn. No. 12, on
          29 Maret      2022,    Perusahaan melalui                      March 29, 2022, the Company through
          PT Erafone Artha Retailindo (“EAR”)                            PT Erafone Artha Retailindo (“EAR”) made a
          melakukan penambahan modal ke EBE                              capital  increase    to   EBE    amounting
          sebesar Rp220.225.000. Setelah peningkatan                     Rp220,225,000. After the capital increase,
          modal tersebut, persentase kepemilikan EAR                     percentage    of    EAR     ownership    in
          pada EBE menjadi 55%. Setelah peningkatan                      EBE has become 55%. After the capital
          modal di atas, EBE menjadi entitas ventura                     increase above, EBE has become a joint
          bersama (Catatan 11).                                          ventures (Note 11).

          Erajaya Digital Retail Pte. Ltd. (“ERDIRET”)                   Erajaya Digital Retail Pte. Ltd (“ERDIRET”)

          Pada tanggal 30 Mei 2022, Perusahaan telah                     On May 30, 2022, the Company has increased
          melakukan peningkatan modal saham pada                         its share capital in ERDIRET through ERDI,
          ERDIRET melalui ERDI dari $Sin6.000 menjadi                    from Sin$6,000 become to Sin$600,000.
          sebesar $Sin600.000. Peningkatan modal                         The increase in share capital is proportionally
          saham tersebut diambil secara proporsional                     taken by the shareholders of ERDIRET,
          oleh para pemegang saham ERDIRET,                              therefore, the percentage of ownership of each
          sehingga persentase kepemilikan para                           shareholders of ERDIRET did not change.
          pemegang saham ERDIRET tidak berubah.

          Era Property Holding Pte. Ltd. (“EPH”)                         Era Property Holding Pte. Ltd. (“EPH”)

          Pada tanggal 19 Desember 2023, para                            On December 19, 2023, the shareholders of
          pemegang        saham    EPH     menyetujui                    EPH approved the increase in issued and fully
          peningkatan modal ditempatkan dan disetor                      paid share capital from Sin$11,500,000 which
          penuh dari $Sin11.500.000 yang terdiri dari                    consist of 11,500,000 shares to become
          11.500.000 saham menjadi $Sin11.525.000                        Sin$11,525,000 which consist of 11,525,000
          yang    terdiri   dari 11.525.000  saham.                      shares. The increase in issued and fully paid
          Peningkatan modal ditempatkan dan disetor                      share capital is proportionately taken by the
          penuh tersebut diambil secara proporsional                     shareholders of EPH, therefore, the percentage
          oleh para pemegang saham EPH, sehingga                         of ownership of each shareholders of EPH did
          presentase kepemilikan para pemegang                           not change.
          saham EPH tidak berubah.




                                                         16
Page 361
                                                                     The original consolidated financial statements included herein
                                                                                                   are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                              PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                                     AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                                 NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                             As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                                    For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                                  (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                             Unless Otherwise Stated)


1.   UMUM (lanjutan)                                                1.    GENERAL (continued)

     c.   Susunan Entitas Anak (lanjutan)                                 c.   Subsidiaries’ Structure (continued)

          Erajaya Digital Pte. Ltd. (“ERDI“)                                   Erajaya Digital Pte. Ltd. (“ERDI“)

          Selama tahun 2023 dan 2022, Perusahaan                               During 2023 and 2022, the Company through
          melalui EH telah melakukan beberapa kali                             EH has made several additional capital
          peningkatan modal sebagai berikut:                                   injections as follows:

                                                          Jumlah/
                                                          Amount

                                                        $AS1.050.000/
          17 Juni 2022                                  US$1,050,000                                                June 17, 2022

                                               $Sin600.000 dan $AS1.600.000/
          12 September 2022                    Sin$600,000 and US$1,600,000                                  September 12, 2022

                                                        $Sin100.000/
          14 Desember 2022                              Sin$100,000                                           December 14, 2022

                                                        $Sin1.560.000/
          29 Desember 2022                              Sin$1,560,000                                         December 29, 2022

                                                        $Sin4.590.000/
          22 Desember 2023                              Sin$4,590,000                                         December 22, 2023



          Era International Network Sdn. Bhd. (“EIM”)                          Era International Network Sdn. Bhd. (“EIM”)

          Pada tanggal 6 September 2022, Perusahaan                            On September 6, 2022, the Company made a
          melakukan pengurangan modal sebesar                                  capital reduction amounting to MYR2,205,000,
          RM2.205.000     dan      ERDI    melakukan                           and ERDI made a capital injection amounting to
          penambahan modal sebesar RM2.205.000,                                MYR2,205,000, so the Company’s indirect
          sehingga persentase kepemilikan Perusahaan                           ownership interests in EIM through ERDI
          pada EIM secara tidak langsung melalui ERDI                          become 95%.
          menjadi 95%.

          ENB Mobile Malaysia Sdn. Bhd.                                        ENB Mobile Malaysia Sdn. Bhd.

          Pada tanggal 24 Oktober 2023, Perusahaan                             On October 24, 2023, the Company established
          mendirikan ENB Mobile Malaysia Sdn. Bhd.                             ENB Mobile Malaysia Sdn. Bhd. through CG, in
          melalui CG, dimana CG memiliki 60%                                   which CG owned 60% ownership interests in
          kepemilikan pada ENB Mobile Malaysia Sdn.                            ENB Mobile Malaysia Sdn. Bhd.. Total capital
          Bhd.. Jumlah setoran modal yang dibayarkan                           contribution paid by CG for the establishment of
          oleh CG untuk pendirian ENB Mobile Malaysia                          ENB Mobile Malaysia Sdn. Bhd. is amounting
          Sdn. Bhd. adalah sebesar RM60.                                       to MYR60.




                                                          17
Page 362
                                                             The original consolidated financial statements included herein
                                                                                           are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                      PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                         NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                            FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                     As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                            For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                          (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                     Unless Otherwise Stated)


1.   UMUM (lanjutan)                                        1.    GENERAL (continued)

     c.   Susunan Entitas Anak (lanjutan)                         c.   Subsidiaries’ Structure (continued)

          Eraspace Pte. Ltd.                                           Eraspace Pte. Ltd.

          Pada tanggal 22 Desember 2023, EH dan                        On December 22, 2023, EH and Transworld
          Transworld Electronic Technology Limited                     Electronic Technology Limited ("Transworld")
          ("Transworld") melakukan setoran modal ke                    made another capital contribution to Eraspace
          Eraspace di mana EH berkontribusi sebesar                    where EH       contributes Sin$65,000 and
          Sin$65.000 dan Transworld berkontribusi                      Transworld contributes Sin$35,000. After the
          sebesar Sin$35.000. Setelah peningkatan                      share increase, EH ownership in Eraspace
          modal tersebut, persentase kepemilikan EH                    remains at 65%.
          pada Eraspace tetap sebesar 65%.

          Pada tanggal 28 Desember 2022, EH dan                        On December 28, 2022, EH and Transworld
          Transworld Electronic Technology Limited                     Electronic Technology Limited ("Transworld")
          ("Transworld") melakukan setoran modal ke                    made another capital contribution to Eraspace
          Eraspace di mana EH berkontribusi sebesar                    where EH       contributes Sin$32,500 and
          Sin$32.500 dan AS$754.000, dan Transworld                    US$754,000 and Transworld contributes
          berkontribusi   sebesar   Sin$17.500  dan                    Sin$17,500 and US$406,000. After the share
          AS$406.000. Setelah peningkatan modal                        increase, EH ownership in Eraspace remains at
          tersebut, persentase kepemilikan EH pada                     65%.
          Eraspace tetap sebesar 65%.

          PT Nusa Gemilang Abadi (“NGA”)                               PT Nusa Gemilang Abadi (“NGA”)

          Berdasarkan        Pernyataan        Keputusan               Based on Statement of Shareholders’ Decision
          Pemegang Saham yang diaktakan dengan                         which was notarized by Notarial Deed No. 59 of
          Akta Notaris Jose Dima Satria, S.H., M.Kn.,                  Jose Dima Satria, S.H., M.Kn., dated on
          No. 59 tertanggal 10 Juni 2022, para pemegang                June 10, 2022, the shareholders of NGA
          saham NGA menyetujui:                                        approved the following:
           Reklasifikasi terhadap seluruh saham NGA                      Reclassification of NGA’s issued shares
              telah diterbitkan menjadi saham Seri A,                      into Series A shares, Series B shares,
              saham Seri B, saham Seri C dan saham                         Series C shares and Series D shares,
              Seri D, dimana saham Seri A dan saham                        wherein Series A shares and Series C
              Seri C adalah saham biasa, sedangkan                         shares are ordinary shares, while Series B
              saham Seri B dan saham Seri D adalah                         shares and Series D shares are shares
              saham tanpa hak suara dan dapat ditarik                      without voting rights and withdrawable;
              kembali;
           Reklasifikasi 1.980 saham Seri A milik                        Reclassification of 1,980 Series A shares
              Perusahaan menjadi saham Seri D;                             owned by the Company become Series D
                                                                           shares;
             Modal dasar sejumlah Rp250.000.000                          Share capital amounting Rp250,000,000 is
              terbagi atas 22 lembar saham Seri A                          consist of 22 Series A shares at par value
              dengan nominal Rp1.000 per lembar                            of Rp1,000, 78,000,000 Series B shares at
              saham, 78.000.000 lembar saham Seri B                        par value of Rp1, 70,832,500 Series C
              dengan nominal Rp1, 70.832.500 lembar                        shares at par value Rp2.4, and 1,980
              saham Seri C dengan nominal Rp2,4 dan                        Series D shares at par value of Rp1,000.
              1.980 lembar saham Seri D dengan
              nominal Rp1.000.




                                                       18
Page 363
                                                             The original consolidated financial statements included herein
                                                                                           are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                      PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                         NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                            FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                     As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                            For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                          (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                     Unless Otherwise Stated)


1.   UMUM (lanjutan)                                        1.     GENERAL (continued)

     c.   Susunan Entitas Anak (lanjutan)                         c.   Subsidiaries’ Structure (continued)

          PT Nusa Gemilang Abadi (“NGA”) (lanjutan)                    PT Nusa Gemilang Abadi (“NGA”) (continued)

          Berdasarkan        Pernyataan       Keputusan                Based on Statement of Shareholders’ Decision
          Pemegang Saham yang diaktakan dengan                         which was notarized by Notarial Deed No. 123
          Akta Notaris Jose Dima Satria, S.H., M.Kn.,                  of Jose Dima Satria, S.H., M.Kn., dated on
          No. 123 tertanggal 21 Juni 2022, yang telah                  June 21, 2022, that has been acknowledged by
          diterima     oleh     Kementerian      Hukum                 the Ministry of Law and Human Rights of the
          dan     Hak     Asasi    Manusia      Republik               Republic of Indonesia in its Letter
          Indonesia          berdasarkan           Surat               No    AHU-AH.01.03-0281602       dated    on
          No.      AHU-AH.01.03-0281602       tertanggal               August 22, 2022, the shareholders of NGA
          22 Agustus 2022, para pemegang saham NGA                     approved the following:
          menyetujui:
           Pengurangan modal ditempatkan dan                             Reduction of NGA's issued and fully paid
               disetor NGA dari Rp159.980.000 menjadi                      capital   from     Rp159,980,000      to
               Rp80.000.000 dengan cara menarik                            Rp80,000,000 by withdrawing all Series B
               kembali seluruh saham Seri B dan Seri D                     and Series D shares that have been
               yang telah diterbitkan NGA dan oleh                         issued by NGA and accordingly;
               karenanya; seluruh 78.000.000 lembar                        78,000,000 Series B shares and 1,980
               saham Seri B dan 1.980 saham Seri D milik                   Series D shares owned by the Company
               Perusahaan ditarik kembali oleh NGA;                        were withdrawn by NGA;
           Menyetujui pengurangan modal dasar
               NGA     dari   Rp250.000.000 menjadi                       Agreed to reduce the authorized share
               Rp170.020.000 yang terbagi atas 22                          capital of NGA from Rp250,000,000 to
               lembar saham Seri A dengan nominal                          Rp170,020,000 consist of 22 Series A
               Rp1.000 per lembar saham dan                                shares at par value of Rp1,000 and
               70.832.500 lembar saham Seri C dengan                       70,832,500 Series C shares at par value
               nominal Rp2,4.                                              Rp2.4.

          Setelah perubahan di atas, persentase                        After the above changes, the ownership
          kepemilikan EPI, entitas anak, pada NGA                      interest of EPI, subsidiary, in NGA become
          adalah sebesar 99,99%.                                       99.99%.

          PT Data Citra Mandiri (“DCM”)                                PT Data Citra Mandiri (“DCM”)

          Berdasarkan        Pernyataan        Keputusan               Based on Statement of Shareholders’ Decision
          Pemegang Saham yang diaktakan dengan                         which was notarized by Notarial Deed No. 60 of
          Akta Notaris Jose Dima Satria, S.H., M.Kn.,                  Jose Dima Satria, S.H., M.Kn., dated on
          No. 60 tertanggal 10 Juni 2022, para pemegang                June 10, 2022, the shareholders of DCM
          saham DCM menyetujui:                                        approved the following:
           Reklasifikasi seluruh saham DCM menjadi                     Reclassification of all DCM’s shares into
              saham Seri A dan Seri B dimana saham                         Series A shares and Series B shares,
              Seri A memiliki hak suara dan saham Seri                     whereby Series A shares have voting
              B adalah saham tanpa hak suara dan                           rights and Series B shares are shares
              dapat ditarik kembali;                                       without voting rights and withdrawable;
           Reklasifikasi 239.980 saham milik EAR                       Reclassification of 239,980 shares owned
              menjadi saham Seri A; dan                                    by EAR become Series A shares; and
           Reklasifikasi 20 saham milik Budiarto                       Reclassification of 20 shares owned by
              Halim dan 119.980 saham milik                                Budiarto Halim and 119,980 shares owned
              Perusahaan menjadi saham Seri B.                             by the Company become Series B shares.




                                                       19
Page 364
                                                             The original consolidated financial statements included herein
                                                                                           are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                      PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                         NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                            FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                     As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                            For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                          (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                     Unless Otherwise Stated)


1.   UMUM (lanjutan)                                        1.    GENERAL (continued)

     c.   Susunan Entitas Anak (lanjutan)                         c.   Subsidiaries’ Structure (continued)

          PT Data Citra Mandiri (“DCM”) (lanjutan)                     PT Data Citra Mandiri (“DCM”) (continued)

          Berdasarkan         Pernyataan      Keputusan                Based on Statement of Shareholders’ Decision
          Pemegang Saham yang diaktakan dengan                         which was notarized by Notarial Deed No. 122
          Akta Notaris Jose Dima Satria, S.H., M.Kn.,                  of Jose Dima Satria, S.H., M.Kn., dated on
          No. 122 tertanggal 21 Juni 2022, yang telah                  June 21, 2022, that has been acknowledged by
          diterima      oleh      Kementerian    Hukum                 the Ministry of Law and Human Rights of the
          dan      Hak      Asasi   Manusia     Republik               Republic of Indonesia in its Letter
          Indonesia            berdasarkan        Surat                No.    AHU-AH.01.03-0281588       dated   on
          No. AHU-AH.01.03 0281588 tertanggal                          August 22, 2022, the shareholders of DCM
          22 Agustus 2022, para pemegang saham DCM                     approved the following:
          menyetujui:
           Pengurangan modal ditempatkan dan                             Reduction of DCM's issued and fully paid
               disetor DCM dari Rp359.980.000 menjadi                      capital    from     Rp359,980,000     to
               Rp240.000.000 dengan cara menarik                           Rp240,000,000 by withdrawing all
               kembali seluruh saham Seri B yang telah                     Series B shares that have been issued by
               diterbitkan DCM dan oleh karenanya;                         DCM and accordingly; 119,980 Series B
               seluruh 119.980 lembar saham Seri B milik                   shares owned by the Company were
               Perusahaan ditarik kembali oleh DCM;                        withdrawn by DCM;
           Menyetujui pengurangan modal dasar                         
               DCM       dari   Rp360.000.000 menjadi                     Agreed to reduce the authorized share
               Rp240.020.000 yang terbagi atas 240.020                     capital of DCM from Rp360,000,000 to
               lembar saham Seri A dengan nominal                          Rp240,020,000 consist of 240,020 Series
               Rp1.000 per lembar.                                         A shares at par value of Rp1,000.

          Setelah perubahan di atas, persentase                        After the above changes, the ownership
          kepemilikan EAR, entitas anak, pada DCM                      interest of EAR, subsidiary, in DCM become
          adalah sebesar 99,99%.                                       99.99%.




                                                       20
Page 365
                                                             The original consolidated financial statements included herein
                                                                                           are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                      PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                         NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                            FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                     As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                            For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                          (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                     Unless Otherwise Stated)


1.   UMUM (lanjutan)                                        1.    GENERAL (continued)

     c.   Susunan Entitas Anak (lanjutan)                         c.   Subsidiaries’ Structure (continued)

          PT Teletama Artha Mandiri (“TAM”)                            PT Teletama Artha Mandiri (“TAM”)

          Berdasarkan        Pernyataan        Keputusan               Based on Statement of Shareholders’ Decision
          Pemegang Saham yang diaktakan dengan                         which was notarized by Notarial Deed No. 61 of
          Akta Notaris Jose Dima Satria, S.H., M.Kn.,                  Jose Dima Satria, S.H., M.Kn., dated on
          No. 61 tertanggal 10 Juni 2022, para pemegang                June 10, 2022, the shareholders of TAM
          saham TAM menyetujui:                                        approved the following:
           Menyetujui reklasifikasi terhadap seluruh                     Reclassification of all issued shares into
              saham yang telah diterbitkan menjadi                         Series A shares, Series B shares,
              saham Seri A, saham Seri B, saham                            Series C shares and Series D shares,
              Seri C dan saham Seri D, dimana saham                        wherein Series A shares and Series C
              Seri A dan saham Seri C adalah saham                         shares are ordinary shares, while Series B
              biasa, sedangkan saham Seri B dan                            shares and Series D shares are shares
              saham Seri D adalah saham tanpa hak                          without voting rights and withdrawable;
              suara dan dapat ditarik kembali;
           Menyetujui reklasifikasi 1.999 saham                          Approve reclassification of 1,999 Series A
              Seri A milik Perusahaan menjadi saham                        shares owned by the Company become
              Seri D.                                                      Series D shares;
           Modal dasar sejumlah Rp808.000.000                            Share capital amounting Rp808,000,000 is
              terbagi atas 1 lembar saham Seri A                           consist of 1 Series A shares at par value of
              dengan nominal Rp1.000 per lembar                            Rp1,000, 200,000,000 Series B shares at
              saham, 200.000.000 lembar saham Seri B                       par value of Rp1, 252,500,000 Series C
              dengan nominal Rp1, 252.500.000 lembar                       shares at par value Rp2.4, and 1,999
              saham Seri C dengan nominal Rp2,4 dan                        Series D shares at par value of Rp1,000.
              1.999 lembar saham Seri D dengan
              nominal Rp1.000.

          Berdasarkan        Pernyataan       Keputusan                Based on Statement of Shareholders’ Decision
          Pemegang Saham yang diaktakan dengan                         which was notarized by Notarial Deed No. 121
          Akta Notaris Jose Dima Satria, S.H., M.Kn.,                  of Jose Dima Satria, S.H., M.Kn., dated on
          No. 121 tertanggal 21 Juni 2022, yang telah                  June 21, 2022, that has been acknowledged by
          diterima      oleh     Kementerian     Hukum                 the Ministry of Law and Human Rights of the
          dan     Hak      Asasi   Manusia      Republik               Republic of Indonesia in its Letter
          Indonesia           berdasarkan          Surat               No. AHU-0059412.AH.01.02 Year 2022 dated
          No. AHU-0059412.AH.01.02 Tahun 2022                          on August 22, 2022, the shareholders of TAM
          tertanggal 22 Agustus 2022, para pemegang                    approved the following:
          saham TAM menyetujui:
           Pengurangan modal ditempatkan dan                              Reduction of TAM's issued and fully paid
               disetor TAM dari Rp404.200.000 menjadi                       capital   from     Rp404,200,000      to
               Rp202.201.000 dengan cara menarik                            Rp202,201,000 by withdrawing all
               kembali seluruh saham Seri B dan Seri D                      Series B and Series D shares that have
               yang telah diterbitkan TAM dan oleh                          been issued by TAM and accordingly;
               karenanya; seluruh 200.000.000 lembar                        200,000,000 Series B shares and 1,999
               saham Seri B dan 1.999 saham Seri D milik                    Series D shares owned by the Company
               Perusahaan ditarik kembali oleh TAM;                         were withdrawn by TAM;
           Menyetujui pengurangan modal dasar                        Agreed to reduce the authorized share capital
               TAM     dari    Rp808.000.000     menjadi               of TAM from Rp808,000,000 to Rp606,001,000
               Rp606.001.000 yang terbagi atas 1 lembar                consist of 1 Series A shares at par value of
               saham Seri A dengan nominal Rp1.000 per                 Rp1,000 and 252,500,000 Series C shares at
               lembar saham dan 252.500.000 lembar                     par value Rp2.4.
               saham Seri C dengan nominal Rp2,4.




                                                       21
Page 366
                                                               The original consolidated financial statements included herein
                                                                                             are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                        PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                              FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                       As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                              For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                            (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


1.   UMUM (lanjutan)                                          1.    GENERAL (continued)

     c.   Susunan Entitas Anak (lanjutan)                           c.   Subsidiaries’ Structure (continued)

          PT Teletama Artha Mandiri (“TAM”) (lanjutan)                   PT Teletama Artha Mandiri (“TAM”) (continued)

          Setelah perubahan di atas, persentase                          After the above changes, the ownership interest
          kepemilikan EAR, entitas anak, pada TAM                        of EAR, subsidiary, in TAM become 99.99%.
          adalah sebesar 99,99%.

          PT Era Boga Patiserindo (“EBP”)                                PT Era Boga Patiserindo (“EBP”)

          Berdasarkan         Pernyataan   Keputusan                     Based on Statement of Shareholders’ Decision
          Pemegang Saham yang diaktakan dengan                           which was notarized by Notarial Deed No. 04 of
          Akta Notaris Petty Fatimah, S.H., M.Hum.,                      Petty Fatimah, S.H., M.Hum., M.Kn., dated on
          M.Kn., No. 04 tertanggal 10 Juni 2022, para                    June 10, 2022, the shareholders of EBP
          pemegang         saham     EBP   menyetujui                    approved the increase in issued and fully paid
          peningkatan modal ditempatkan dan disetor                      share capital from Rp66,000,000 which consist
          penuh dari Rp66.000.000 yang terdiri dari                      of 66,000 shares to become Rp116,000,000
          66.000 saham menjadi Rp116.000.000 yang                        which consist of 116,000 shares.
          terdiri dari 116.000 saham.

          Peningkatan modal ditempatkan dan disetor                      The increase in issued and fully paid share
          penuh diambil proporsional oleh Perusahaan,                    capital is proporsionately taken by the
          sebesar Rp35.000.000 yang terdiri 35.000                       Company, amounting to Rp 35,000,000 which
          saham, sehingga presentase kepemilikan para                    consist of 35,000 shares, therefore, the
          pemegang saham EBP tidak berubah.                              percentage of ownership of each shareholders
                                                                         of EBP did not change.

          PT Era Sukses Abadi (“ESA”)                                    PT Era Sukses Abadi (“ESA”)

          Berdasarkan       Pernyataan       Keputusan                   Based on Statement of Shareholders’ Decision
          Pemegang Saham yang diaktakan dengan                           which was notarized by Notarial Deed No. 7 of
          Akta Notaris Muthia Nurani, S.H., M.Kn., No. 7                 Muthia Nurani, S.H., M.Kn., dated on
          tertanggal 21 Desember 2023, para pemegang                     December 21, 2023, the shareholders of ESA
          saham ESA menyetujui peningkatan modal                         approved the increase in issued and fully paid
          ditempatkan    dan    disetor    penuh    dari                 share capital from Rp364,250,000 which
          Rp364.250.000 yang terdiri dari 364.250                        consist of 364,250 shares to become
          saham menjadi Rp399.500.000 yang terdiri dari                  Rp399,500,000 which consist of 399,500
          399.500 saham.                                                 shares.

          Berdasarkan       Pernyataan        Keputusan                  Based on Statement of Shareholders’ Decision
          Pemegang Saham yang diaktakan dengan                           which was notarized by Notarial Deed No. 10 of
          Akta Notaris Muthia Nurani, S.H., M.Kn., No. 10                Muthia Nurani, S.H., M.Kn., dated on
          tertanggal 29 Desember 2022, para pemegang                     December 29, 2022, the shareholders of ESA
          saham ESA menyetujui peningkatan modal                         approved the increase in issued and fully paid
          ditempatkan    dan    disetor     penuh    dari                share capital from Rp348,350,000 which
          Rp348.350.000 yang terdiri dari 348.350                        consist of 348,350 shares to become
          saham menjadi Rp364.250.000 yang terdiri dari                  Rp364,250,000 which consist of 364,250
          364.250 saham.                                                 shares.




                                                         22
Page 367
                                                              The original consolidated financial statements included herein
                                                                                            are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                       PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                          NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                             FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                      As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                             For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                           (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)


1.   UMUM (lanjutan)                                         1.    GENERAL (continued)

     c.   Susunan Entitas Anak (lanjutan)                          c.   Subsidiaries’ Structure (continued)

          Erajaya Holding Pte. Ltd. (“EH”)                              Erajaya Holding Pte. Ltd. (“EH”)

          Pada tanggal 22 Desember 2023, Perusahaan                     On December 22, 2023, the Company has
          telah melakukan peningkatan modal saham                       increased its share capital in EH with total
          pada EH dengan jumlah setoran modal sebesar                   capital contribution of Sin$4,590,000.
          Sin$4.590.000.

          Pada tanggal 29 Desember 2022, Perusahaan                     On December 29, 2022, the Company has
          telah melakukan peningkatan modal saham                       increased its share capital in EH with total
          pada EH dengan jumlah setoran modal                           capital contribution of US$255,000 and
          sebesar AS$255.000 dan Sin$1.560.000.                         Sin$1,560,000.

          Pada tanggal 12 September 2022, Perusahaan                    On September 12, 2022, the Company has
          telah melakukan peningkatan modal saham                       increased its share capital in EH with total
          pada EH dengan jumlah setoran modal sebesar                   capital contribution of US$1,600,000 and
          AS$1.600.000 dan Sin$600.000.                                 Sin$600,000.

          Pada tanggal 17 Juni 2022, Perusahaan telah                   On June 17, 2022, the Company has increased
          melakukan peningkatan modal saham pada EH                     its share capital in EH with total capital
          dengan jumlah setoran modal sebesar                           contribution of US$1,050,000.
          AS$1.050.000.

          CG Computers Sdn. Bhd. (“CG”)                                 CG Computers Sdn. Bhd. (“CG”)

          Pada tanggal 14 April 2022, Perusahaan telah                  On April 14, 2022, the Company has increased
          melakukan peningkatan modal saham pada CG                     its share capital in CG through ERDI amounted
          melalui ERDI sebesar RM6.600.000, sehingga                    to MYR6,600,000, respectively. Accordingly,
          persentase kepemilikan Perusahaan pada CG                     the Company’s ownership in CG through EH,
          melalui EH, ERDI, dan EAR menjadi 75%.                        ERDI, and EAR become 75%.

          Pada tanggal 4 Oktober 2022, CG telah                         On October 4, 2022, CG has redeemed its
          melakukan pengembalian modal kepada EAR                       share capital in CG to EAR and EH amounted
          dan EH masing-masing sebesar RM5.390.000                      to   MYR5,390,000       and  MYR1,210,000.
          dan RM1.210.000, sehingga persentase                          Accordingly, the Company’s ownership in CG
          kepemilikan Perusahaan pada CG melalui                        through ERDI has become 60%.
          ERDI menjadi 60%.

          Era International Network Pte. Ltd. (“EIS”)                   Era International Network Pte. Ltd. (“EIS”)

          Pada tanggal 29 Desember 2022, ERDI                           On December 29, 2022, Erajaya Digital Pte.
          mengakuisisi saham EIS yang sebelumnya                        Ltd. has acquired the shares of EIS previously
          dimiliki oleh Perusahaan dengan jumlah                        owned by the Company amounted to
          $Sin950.000. Setelah transaksi tersebut, EIS                  Sin$950,000. After the transaction, EIS is
          dimiliki secara tidak langsung oleh Perusahaan                indirectly owned by the Company through ERDI
          melalui      ERDI       dengan      kepemilikan               at 95% ownership.
          sebesar 95%.




                                                        23
Page 368
                                                               The original consolidated financial statements included herein
                                                                                             are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                        PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                              FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                       As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                              For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                            (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


1.   UMUM (lanjutan)                                          1.    GENERAL (continued)

     c.   Susunan Entitas Anak (lanjutan)                           c.   Subsidiaries’ Structure (continued)

          PT Master Selam Nusantara (“MSL“)                              PT Master Selam Nusantara (“MSL“)

          Berdasarkan Akta Notaris Fandi Aryana, S.H.,                   Based on Notarial Deed Fandi Aryana, S.H.,
          M.Kn. No. 5, pada tanggal 27 Januari 2023,                     M.Kn. No. 5, on January 27, 2023, the
          Perusahaan mendirikan MSL melalui SES,                         Company established MSL through SES, in
          dimana SES memiliki 98,04% kepemilikan                         which SES owned 98.04% ownership interests
          pada MSL.                                                      in MSL.

          Modal yang disetorkan oleh SES adalah                          The capital contribution made by the SES
          sebesar Rp50.000, sedangkan setoran modal                      amounted to Rp50,000, while the capital
          dari kepentingan nonpengendali adalah                          contribution from the non-controlling interests is
          sebesar Rp1.000.                                               amounted to Rp1,000.

          Anggaran Dasar MSL telah mengalami                             MSL’s Articles of Association has been
          perubahan dengan Akta Notaris Fandi Aryana,                    amended by Notarial Deed No. 4 of Fandi
          S.H., M.Kn. No. 4 tanggal 6 April 2023                         Aryana, S.H., M.Kn., dated April 6, 2023,
          mengenai peningkatan modal ditempatkan dan                     pertaining to the change of MSL’s issued and
          disetor penuh, dimana modal yang disetorkan                    fully paid share capital, whereas the capital
          oleh SES menjadi sebesar Rp99.000 yang                         contribution made by SES become amounted
          terdiri dari 50 saham Seri A dengan nominal                    Rp99,000 which consists of 50 Series A shares
          Rp1.000 dan 9.800 saham Seri B dengan                          at par value of Rp1,000 and 9,800 Series B
          nominal Rp5 sedangkan setoran modal dari                       shares at par value of Rp5, while the capital
          kepentingan nonpengendali tetap sebesar                        contribution from the non-controlling interests is
          Rp1.000          yang       terdiri     dari                   amounted to Rp1,000 which consists of 1
          1 saham Seri A dengan nominal Rp1.000.                         Series A shares at par value of Rp1,000.


          Setelah perubahan di atas, persentase                          After the above changes, the ownership interest
          kepemilikan SES pada MSL adalah sebesar                        of SES in MSL become 99.99%.
          99,99%.

          PT Sinar Eka Selaras Tbk (“SES”)                               PT Sinar Eka Selaras Tbk (“SES”)

          Berdasarkan Berita Acara Rapat Umum                            Based on the Minutes of Extraordinary
          Pemegang Saham Luar Biasa (RUPSLB) yang                        Shareholders’ General Meeting (RUPSLB)
          disahkan dengan Akta Notaris Sugih Haryati,                    which was notarized by Notarial Deed
          SH.,M.Kn., No. 37 tanggal 10 Maret 2023, para                  No. 37 of Sugih Haryati, SH.,M.Kn., dated
          pemegang      saham      SES      menyetujui:                  March 10, 2023, the shareholders’ of the SES
                                                                         approved:
             Penerbitan saham dalam portepel SES                         Issuance of shares in SES's portfolio to be
              untuk ditawarkan kepada masyarakat                             offered to the public through a Public
              melalui Penawaran Umum sebanyak-                               Offering of a maximum of 1,037,500,000
              banyaknya 1.037.500.000 (satu miliar tiga                      (one billion thirty seven million five
              puluh tujuh juta lima ratus ribu) saham baru                   hundred       thousand)      new      shares
              yang mewakili sebanyak-banyaknya 20%                           representing a maximum of 20% (twenty
              (dua puluh persen) dari jumlah modal yang                      percent) of the total issued capital and paid
              ditempatkan dan dibayar oleh SES setelah                       by SES after the Public Offering.
              Penawaran Umum.




                                                         24
Page 369
                                                              The original consolidated financial statements included herein
                                                                                            are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                       PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                          NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                             FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                      As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                             For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                           (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)


1.   UMUM (lanjutan)                                         1.    GENERAL (continued)

     c.   Susunan Entitas Anak (lanjutan)                           c.   Subsidiaries’ Structure (continued)

          PT Sinar Eka Selaras Tbk (“SES”) (lanjutan)                    PT Sinar Eka Selaras Tbk (“SES”) (continued)

          Berdasarkan Berita Acara Rapat Umum                            Based on the Minutes of Extraordinary
          Pemegang Saham Luar Biasa (RUPSLB) yang                        Shareholders’ General Meeting (RUPSLB)
          disahkan dengan Akta Notaris Sugih Haryati,                    which was notarized by Notarial Deed
          SH.,M.Kn., No. 37 tanggal 10 Maret 2023, para                  No. 37 of Sugih Haryati, SH.,M.Kn., dated
          pemegang saham SES menyetujui: (lanjutan)                      March 10, 2023, the shareholders’ of the SES
                                                                         approved: (continued)
             Memberikan program Share Allocation                         Providing a Share Allocation program to
              kepada Karyawan (Employee Stock                                Employees (Employee Stock Allocation)
              Allocation) dengan alokasi maksimal                            with a maximum allocation of 31,125,000
              31.125.000 (tiga puluh satu juta seratus                       (thirty one million one hundred twenty five
              dua puluh lima ribu) saham atau maksimal                       thousand) shares or a maximum of 3%
              3% (tiga persen) dari seluruh saham baru                       (three percent) of all new shares to be
              yang akan ditawarkan/dijual kepada                             offered/sold to the public through a Public
              masyarakat melalui Penawaran Umum.                             Offering.
             Perubahan struktur permodalan, susunan                      Changes in the capital structure,
              Dewan Komisaris dan Direksi SES sesuai                         composition of SES’s Boards of
              dengan hasil Penawaran Umum.                                   Commissioners        and     Directors    in
                                                                             accordance with the results of the Public
                                                                             Offering.

          Pada tanggal 31 Juli 2023, SES memperoleh                      On July 31, 2023, SES received the effective
          pernyataan efektif dari Ketua Otoritas Jasa                    statement from the Chairman of Financial
          Keuangan       (“OJK”)     dalam     suratnya                  Services Authority (“OJK”) in its letter
          No. S-202/D.04/2023 untuk melakukan                            No. S-202/D.04/2023 to offer its 1,037,500,000
          penawaran      umum      perdana    sebanyak                   shares to public with par value of Rp100 (full
          1.037.500.000 saham dengan nilai nominal                       amount) per share through the Indonesia Stock
          Rp100 (angka penuh) per saham kepada                           Exchange at an initial offering price of Rp390
          masyarakat melalui Bursa Efek Indonesia                        (full amount) per share. On August 8, 2023,
          dengan harga penawaran perdana sebesar                         SES has listed all its issued and fully paid
          Rp390 (angka penuh) per saham. Pada tanggal                    shares on the Indonesia Stock Exchange.
          8 Agustus 2023, SES telah mencatatkan
          seluruh saham dari modal ditempatkan dan
          disetor penuh di Bursa Efek Indonesia.

          Setelah perubahan di atas, persentase                          After the above changes, the ownership interest
          kepemilikan    Perusahaan pada   SES                           of the Company in SES become 80.00%.
          menjadi sebesar 80,00%.

          Selisih antara nilai wajar imbalan yang                        The difference between the fair value of
          dialihkan  dengan     jumlah    kepentingan                    consideration transferred and the amount by
          nonpengendali yang disesuaikan akibat                          which the non-controlling interests are adjusted
          perubahan kepemilikan di atas sebesar                          resulting from the above changes in ownership
          Rp106.294.212 dicatat sebagai bagian dari                      amounted to Rp106,294,212 is recorded as
          “Selisih    Transaksi     dengan      Pihak                    part of “Difference in Value from Transactions
          Nonpengendali”    dalam    laporan    posisi                   with    Non-controlling Interests” in the
          keuangan    konsolidasian    pada   tanggal                    consolidated statement of financial position as
          31 Desember 2023.                                              of December 31, 2023.




                                                        25
Page 370
                                                            The original consolidated financial statements included herein
                                                                                          are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                     PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                            AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                        NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                           FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                    As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                           For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                         (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                    Unless Otherwise Stated)


1.   UMUM (lanjutan)                                       1.    GENERAL (continued)

     c.   Susunan Entitas Anak (lanjutan)                        c. Subsidiaries’ Structure (continued)

          PT Era Kopi Anda (“EKA”)                                   PT Era Kopi Anda (“EKA”)

          Berdasarkan Akta Notaris Fandi Aryana, S.H.,               Based on Notarial Deed Fandi Aryana, S.H.,
          M.Kn. No. 1, pada tanggal 3 Februari 2023,                 M.Kn. No. 1, on February 3, 2023, the Company
          Perusahaan mendirikan EKA melalui EBN,                     established EKA through EBN, in which EBN
          dimana EBN memiliki 99,80% kepemilikan                     owned 99.80% ownership interests in EKA.
          pada EKA.

          Modal yang disetorkan oleh EBN adalah                      The capital contribution made by the EBN
          sebesar Rp499.000, sedangkan setoran modal                 amounted to Rp499,000, while the capital
          dari kepentingan nonpengendali adalah                      contribution from the non-controlling interests is
          sebesar Rp1.000.                                           amounted to Rp1,000.

          Berdasarkan         Pernyataan      Keputusan              Based on Statement of Shareholders’ Decision
          Pemegang Saham yang diaktakan dengan                       which was notarized by Notarial Deed Fandi
          Akta Notaris Fandi Aryana, S.H., M.Kn. No. 9,              Aryana, S.H., M.Kn. No. 9, dated on
          tertanggal 14 Maret 2023, para pemegang                    March 14, 2023, the shareholders of EKA
          saham EKA menyetujui peningkatan modal                     approved the increase in issued and fully paid
          ditempatkan dan disetor penuh dari Rp500.000               share capital from Rp500,000 which consist of
          yang terdiri dari 500 saham menjadi Rp750.000              500 shares to become Rp750,000 which consist
          yang terdiri dari 750 saham.                               of 750 shares.

          Peningkatan modal ditempatkan dan disetor                  The increase in issued and fully paid share
          penuh diambil proporsional oleh EBN, sebesar               capital is proporsionately taken by the EBN,
          Rp26.000 yang terdiri 26 saham, sehingga                   amounting to Rp26,000 which consist of
          presentase kepemilikan EBN pada EKA                        26 shares, therefore, the percentage of
          menjadi sebesar 70,00%.                                    ownership of EBN in EKA become 70.00%.

          Berdasarkan       Pernyataan      Keputusan                Based on Statement of Shareholders’ Decision
          Pemegang Saham yang diaktakan dengan                       which was notarized by Notarial Deed No. 8 of
          Akta Notaris Fandi Aryana, S.H., M.Kn., No. 8              Fandi Aryana, S.H., M.Kn., dated on
          tertanggal 22 Desember 2023, para pemegang                 December 22, 2023, the shareholders of EKA
          saham EKA menyetujui:                                      approved the following:
            Peningkatan       modal     dasar     dari                 Increase in share capital from Rp2,000,000
               Rp2.000.000 menjadi Rp190.000.000;                        to become Rp190,000,000; and
               dan
            Peningkatan modal ditempatkan dan                          Increase the issued and fully paid share
               disetor penuh dari Rp750.000 menjadi                      capital from Rp750,000 to Rp47,500,000
               Rp47.500.000 yang diambil sebagian oleh                   which was partially taken by EBN.
               EBN.

          Setelah peningkatan saham tersebut, tidak ada              After the increase in share, there is no change
          perubahan kepemilikan EBN pada EKA.                        in EBN’s ownership in EKA.




                                                      26
Page 371
                                                             The original consolidated financial statements included herein
                                                                                           are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                      PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                         NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                            FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                     As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                            For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                          (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                     Unless Otherwise Stated)


1.   UMUM (lanjutan)                                        1.    GENERAL (continued)

     c.   Susunan Entitas Anak (lanjutan)                         c. Subsidiaries’ Structure (continued)

          PT Era Gaya Distribusi (“EGD”)                              PT Era Gaya Distribusi (“EGD”)

          Berdasarkan Akta Notaris Fandi Aryana, S.H.,                Based on Notarial Deed Fandi Aryana, S.H.,
          M.Kn. No. 03, pada tanggal 18 Oktober 2023,                 M.Kn. No. 03, on October 18, 2023, the
          Perusahaan mendirikan EGD melalui SES,                      Company established EGD through SES, in
          dimana SES memiliki 99,90% kepemilikan                      which SES owned 99.90% ownership interests
          pada EGD.                                                   in EGD

          Modal yang disetorkan oleh SES adalah                       The capital contribution made by the SES
          sebesar Rp99.900, sedangkan setoran modal                   amounted to Rp99,900, while the capital
          dari kepentingan nonpengendali adalah                       contribution from the non-controlling interests is
          sebesar Rp100.                                              amounted to Rp100.

          Berdasarkan       Pernyataan      Keputusan                Based on Statement of Shareholders’ Decision
          Pemegang Saham yang diaktakan dengan                       which was notarized by Notarial Deed No. 6 of
          Akta Notaris Fandi Aryana, S.H., M.Kn., No. 6              Fandi Aryana, S.H., M.Kn., dated on
          tertanggal 22 Desember 2023, para pemegang                 December 22, 2023, the shareholders of EGD
          saham EGD menyetujui:                                      approved the following:
            Peningkatan modal dasar dari Rp150.000                      Increase in share capital from Rp150,000
               menjadi Rp7.900.000; dan                                   to become Rp7,900,000; and
            Peningkatan modal ditempatkan dan                           Increase the issued and fully paid share
               disetor penuh dari Rp100.000 menjadi                       capital from Rp100,000 to Rp2,100,000
               Rp2.100.000 yang diambil         bagian                    which was fully taken by SES.
               seluruhnya oleh SES.

          Setelah perubahan di atas, persentase                       After the above changes, the ownership interest
          kepemilikan SES pada EGD adalah sebesar                     of SES in EGD become 99.99%.
          99,99%.

          PT Era Gaya Indonesia (“EGI”)                               PT Era Gaya Indonesia (“EGI”)

          Berdasarkan Akta Notaris Fandi Aryana, S.H.,                Based on Notarial Deed Fandi Aryana, S.H.,
          M.Kn. No. 8, pada tanggal 9 Mei 2023,                       M.Kn. No. 8, on May 9, 2023, the Company
          Perusahaan mendirikan EGI melalui SES,                      established EGI through SES, in which SES
          dimana SES memiliki 99,91% kepemilikan                      owned 99.91% ownership interests in EGI.
          pada EGI.

          Modal yang disetorkan oleh SES adalah                       The capital contribution made by the SES
          sebesar Rp54.950, sedangkan setoran modal                   amounted to Rp54,950, while the capital
          dari kepentingan nonpengendali adalah                       contribution from the non-controlling interests is
          sebesar Rp50.                                               amounted to Rp50.

          Berdasarkan       Pernyataan       Keputusan                Based on Statement of Shareholders’ Decision
          Pemegang Saham yang diaktakan dengan                        which was notarized by Notarial Deed No. 8 of
          Akta Notaris Muthia Nurani, S.H., M.Kn., No. 8              Muthia Nurani, S.H., M.Kn., dated on
          tertanggal 21 Desember 2023, para pemegang                  December 21, 2023, the shareholders of EGI
          saham EGI menyetujui:                                       approved the following:
            Peningkatan modal dasar dari Rp200.000                      Increase in share capital from Rp200,000
               menjadi Rp40.000.000; dan                                  to become Rp40,00,000; and
            Peningkatan modal ditempatkan dan                           Increase the issued and fully paid share
               disetor penuh dari Rp55.000 menjadi                        capital from Rp55,000 to Rp11,700,000
               Rp11.700.000 yang diambil bagian                           which was fully taken by SES.
               seluruhnya oleh SES.


                                                       27
Page 372
                                                            The original consolidated financial statements included herein
                                                                                          are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                     PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                            AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                        NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                           FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                    As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                           For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                         (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                    Unless Otherwise Stated)


1.   UMUM (lanjutan)                                       1.    GENERAL (continued)

     c.   Susunan Entitas Anak (lanjutan)                        c. Subsidiaries’ Structure (continued)

          PT Era Gaya Indonesia (“EGI”) (lanjutan)                   PT Era Gaya Indonesia (“EGI”) (continued)

          Setelah perubahan di atas, persentase                      After the above changes, the ownership interest
          kepemilikan SES pada EGI adalah sebesar                    of SES in EGI become 99.99%.
          99,99%.

          PT Era Maju Terus (“EMT”)                                  PT Era Maju Terus (“EMT”)

          Berdasarkan Akta Notaris Fandy Aryana, S.H.,               Based on Notarial Deed Fandy Aryana, S.H.,
          M.Kn. No. 06, pada tanggal 27 Oktober 2023,                M.Kn. No. 06, on October 27, 2023, the
          Perusahaan mendirikan EMT melalui EKA,                     Company established EMT through EKA, in
          dimana EKA memiliki 99,90% kepemilikan                     which EKA owned 99.90% ownership interests
          pada EMT.                                                  in EMT.

          Modal yang disetorkan oleh EKA adalah                      The capital contribution made by the EKA
          sebesar Rp54.945, sedangkan setoran modal                  amounted to Rp54,945, while the capital
          dari kepentingan nonpengendali adalah                      contribution from the non-controlling interests is
          sebesar Rp55.                                              amounted to Rp55.

          PT Mitra Belanja Halal (“MBH”)                             PT Mitra Belanja Halal (“MBH”)

          Berdasarkan Akta Notaris Petty Fatimah, S.H.,              Based on Notarial Deed Petty Fatimah, S.H.,
          M.Hum., M.Kn. No. 25, pada tanggal                         M.Hum., M.Kn. No. 25, on May 30, 2023, the
          30 Mei 2023, Perusahaan mendirikan MBH                     Company established MBH through MBA, in
          melalui MBA, di mana MBA memiliki 90,00%                   which MBA owned 90.00% ownership interests
          kepemilikan pada MBH.                                      in MBH.

          Modal yang disetorkan oleh MBA adalah                      The capital contribution made by the MBA
          sebesar Rp22.500, sedangkan setoran modal                  amounted to Rp22,500, while the capital
          dari kepentingan nonpengendali adalah                      contribution from the non-controlling interests is
          sebesar Rp2.500.                                           amounted to Rp2,500.

          Berdasarkan       Pernyataan     Keputusan                 Based on Statement of Shareholders’ Decision
          Pemegang Saham yang diaktakan dengan                       which was notarized by Notarial Deed No. 27 of
          Akta Notaris Pety Fatimah, S.H., M.Hum.,                   Pety Fatimah, S.H., M.Hum., M.Kn., dated on
          M.Kn., No. 27 tertanggal 22 Desember 2023,                 December 22, 2023, the shareholders of MBH
          para pemegang saham MBH menyetujui:                        approved the following:
           Peningkatan modal dasar dari Rp50.000                       Increase in share capital from Rp50,000 to
               menjadi Rp30.000.000; dan                                 become Rp30,000,000; and
           Peningkatan modal ditempatkan dan                           Increase the issued and fully paid share
               disetor penuh dari Rp25.000 menjadi                       capital from Rp25,000 to Rp7,802,800
               Rp7.802.800 yang diambil sebagian oleh                    which was partially taken by MBA.
               MBA.

          Setelah peningkatan saham tersebut, tidak ada              After the increase in share, there is no change
          perubahan kepemilikan MBA pada MBH.                        in MBA’s ownership in MBH.




                                                      28
Page 373
                                                             The original consolidated financial statements included herein
                                                                                           are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                      PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                         NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                            FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                     As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                            For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                          (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                     Unless Otherwise Stated)


1.   UMUM (lanjutan)                                        1.    GENERAL (continued)

     c.   Susunan Entitas Anak (lanjutan)                         c. Subsidiaries’ Structure (continued)

          PT Era Boga Kari (“EBK”)                                    PT Era Boga Kari (“EBK”)

          Berdasarkan Akta Notaris Fandi Aryana, S.H.,                Based on Notarial Deed Fandi Aryana, S.H.,
          M.Kn. No. 13, pada tanggal 22 Mei 2023,                     M.Kn. No. 13, on May 22, 2023, the Company
          Perusahaan mendirikan EBK melalui EBN,                      established EBK through EBN, in which EBN
          dimana EBN memiliki 99,91% kepemilikan                      owned 99.91% ownership interests in EBK.
          pada EBK.

          Modal yang disetorkan oleh EBN adalah                       The capital contribution made by the EBN
          sebesar Rp54.950, sedangkan setoran modal                   amounted to Rp54,950, while the capital
          dari kepentingan nonpengendali adalah                       contribution from the non-controlling interests is
          sebesar Rp50.                                               amounted to Rp50.

          Berdasarkan       Pernyataan      Keputusan                 Based on Statement of Shareholders’ Decision
          Pemegang Saham yang diaktakan dengan                        which was notarized by Notarial Deed No. 9 of
          Akta Notaris Fandi Aryana, S.H., M.Kn., No. 9               Fandi Aryana, S.H., M.Kn., dated on
          tertanggal 27 Desember 2023, para pemegang                  December 27, 2023, the shareholders of EBK
          saham EBK menyetujui:                                       approved the following:
            Peningkatan modal dasar dari Rp200.000                      Increase in share capital from Rp200,000
               menjadi Rp10.000.000; dan                                  to become Rp10,000,000; and
            Peningkatan modal ditempatkan dan                           Increase the issued and fully paid share
               disetor penuh dari Rp55.000 menjadi                        capital from Rp55,000 to Rp3,500,000
               Rp3.500.000 yang diambil sebagian oleh                     which was partially taken by EBN.
               EBN.

          Setelah perubahan di atas, persentase                       After the above changes, the ownership interest
          kepemilikan EBN pada EBK adalah sebesar                     of EBN in EBK become 70%.
          70%.

          PT Era Boga Nusantara (“EBN”)                               PT Era Boga Nusantara (“EBN”)

          Berdasarkan       Pernyataan       Keputusan                Based on Statement of Shareholders’ Decision
          Pemegang Saham yang diaktakan dengan                        which was notarized by Notarial Deed No. 04 of
          Akta Notaris Fandy Aryana, S.H., M.Kn., No 04               Fandy Aryana, S.H., M.Kn., dated on
          tertanggal 20 Desember 2023, para pemegang                  December 20, 2023, the shareholders of EBN
          saham EBN menyetujui peningkatan modal                      approved the increase of SEA's issued and fully
          ditempatkan     dan    disetor   EBN      dari              paid capital from Rp212,883,000 which
          Rp212.883.000 yang terdiri dari 212.883                     consists of 212,883 shares to Rp291,000,000
          saham menjadi Rp291.000.000 dengan cara                     by issued 78,117 shares amounted to
          menerbitkan     78.117     saham     sebesar                Rp78,117,000 which fully taken by the
          Rp78.117.000 yang diambil bagian seluruhnya                 Company.
          oleh Perusahaan.

          Setelah perubahan di atas, persentase                       After the above changes, the ownership interest
          kepemilikan Perusahaan pada EBN adalah                      of the Company in EBN become 99.99%.
          sebesar 99,99%.

          PT Era Boga Pretzel (“EBPR”)                                PT Era Boga Pretzel (“EBPR”)

          Berdasarkan Akta Notaris Fandi Aryana, S.H.,                Based on Notarial Deed Fandi Aryana, S.H.,
          M.Kn. No. 8, pada tanggal 17 April 2023,                    M.Kn. No. 8, on April 17, 2023, the Company
          Perusahaan mendirikan EBPR melalui EBN,                     established EBPR through EBN, in which EBN
          dimana EBN memiliki 99,91% kepemilikan                      owned 99.91% ownership interests in EBPR.
          pada EBPR.

                                                       29
Page 374
                                                            The original consolidated financial statements included herein
                                                                                          are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                     PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                            AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                        NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                           FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                    As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                           For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                         (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                    Unless Otherwise Stated)


1.   UMUM (lanjutan)                                       1.    GENERAL (continued)

     c.   Susunan Entitas Anak (lanjutan)                        c.   Subsidiaries’ Structure (continued)

          PT Era Boga Pretzel (“EBPR”) (lanjutan)                     PT Era Boga Pretzel (“EBPR”) (continued)

          Modal yang disetorkan oleh EBN adalah                       The capital contribution made by the EBN
          sebesar Rp55.000, sedangkan setoran modal                   amounted to Rp55,000, while the capital
          dari kepentingan nonpengendali adalah                       contribution from the non-controlling interests is
          sebesar Rp50.                                               amounted to Rp50.

          Berdasarkan       Pernyataan      Keputusan                 Based on Statement of Shareholders’ Decision
          Pemegang Saham yang diaktakan dengan                        which was notarized by Notarial Deed No. 7 of
          Akta Notaris Fandi Aryana, S.H., M.Kn., No. 7               Fandi Aryana, S.H., M.Kn., dated on
          tertanggal 22 Desember 2023, para pemegang                  December 22, 2023, the shareholders of EBPR
          saham EBPR menyetujui:                                      approved the following:
            Peningkatan modal dasar dari Rp200.000                      Increase in share capital from Rp200,000
               menjadi Rp1.000.000; dan                                   to become Rp1,000,000; and
            Peningkatan modal ditempatkan dan                           Increase the issued and fully paid share
               disetor penuh dari Rp55.050 menjadi                        capital from Rp55,050 to Rp300,050 which
               Rp300.050 yang diambil sepenuhnya oleh                     was fully taken by EBN.
               EBN.

          Setelah perubahan di atas, persentase                       After the above changes, the ownership interest
          kepemilikan EBN pada EBPR adalah sebesar                    of EBN in EBPR become 99.98%.
          99,98%.

          PT Era Prima Indonesia (“EPI”)                              PT Era Prima Indonesia (“EPI”)

          Berdasarkan       Pernyataan     Keputusan                  Based on Statement of Shareholders’ Decision
          Pemegang Saham yang diaktakan dengan                        which was notarized by Notarial Deed No. 24 of
          Akta Notaris Petty Fatimah, S.H., M.Hum.,                   Petty Fatimah, S.H., M.Hum., M.Kn., dated on
          M.Kn., No. 24 tertanggal 21 Desember 2023,                  December 21, 2023, the shareholders of EPI
          para pemegang saham EPI menyetujui                          approved the increase in issued and fully paid
          peningkatan modal ditempatkan dan disetor                   share capital from Rp180,156,000 which
          penuh dari Rp180.156.000 yang terdiri dari                  consist of 180,156 shares to become
          180.156 saham menjadi Rp213.311.000 yang                    Rp213,311,000 which consist of 213,311
          terdiri dari 213.311 saham yang diambil                     shares which was fully taken by the Company.
          seluruhnya    oleh   Perusahaan.   Setelah                  After the increase in share, there is no change
          peningkatan saham tersebut, tidak ada                       in the Company’s ownership in EPI.
          perubahan kepemilikan Perusahaan pada EPI.

          PT Era Prima Medika (“EPM”)                                 PT Era Prima Medika (“EPM”)

          Berdasarkan       Pernyataan     Keputusan                  Based on Statement of Shareholders’ Decision
          Pemegang Saham yang diaktakan dengan                        which was notarized by Notarial Deed No. 29 of
          Akta Notaris Pety Fatimah, S.H., M.Hum.,                    Pety Fatimah, S.H., M.Hum., M.Kn., dated on
          M.Kn., No. 29 tertanggal 22 Desember 2023,                  December 22, 2023, the shareholders of EPM
          para pemegang saham EPM menyetujui:                         approved the following:
           Peningkatan modal dasar dari Rp500.000                       Increase in share capital from Rp500,000
               menjadi Rp1.750.000; dan                                   to become Rp1,750,000; and
           Peningkatan modal ditempatkan dan                            Increase the issued and fully paid share
               disetor penuh dari Rp250.000 menjadi                       capital from Rp250,000 to Rp1,750,000
               Rp1.750.000 yang diambil sepenuhnya                        which was fully taken by EPI.
               oleh EPI.




                                                      30
Page 375
                                                                 The original consolidated financial statements included herein
                                                                                               are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                          PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                             NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                         As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                                For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                              (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                         Unless Otherwise Stated)


1.   UMUM (lanjutan)                                            1.    GENERAL (continued)

     c.   Susunan Entitas Anak (lanjutan)                             c.    Subsidiaries’ Structure (continued)

          PT Era Prima Medika (“EPM”) (lanjutan)                            PT Era Prima Medika (“EPM”) (continued)

          Setelah perubahan di atas, persentase                             After the above changes, the ownership interest
          kepemilikan EPI pada EPM adalah sebesar                           of EPI in EPM become 99.86%.
          99,86%.

          PT Mitra Belanja Anda (“MBA”)                                     PT Mitra Belanja Anda (“MBA”)

          Berdasarkan        Pernyataan      Keputusan                      Based on Statement of Shareholders’ Decision
          Pemegang Saham yang diaktakan dengan                              which was notarized by Notarial Deed No. 23 of
          Akta Notaris Pety Fatimah, S.H., M.Hum.,                          Pety Fatimah, S.H., M.Hum., M.Kn., dated on
          M.Kn., No. 23 tertanggal 21 Desember 2023,                        December 21, 2023, the shareholders of MBA
          para pemegang saham MBA menyetujui:                               approved the following:
           Peningkatan         modal     dasar    dari                      Increase       in   share     capital    from
               Rp204.000.000 menjadi Rp500.000.000;                             Rp204,000,000           to          become
               dan                                                              Rp500,000,000; and
           Peningkatan modal ditempatkan dan                                Increase the issued and fully paid share
               disetor penuh dari Rp152.900.000 menjadi                         capital    from     Rp152,900,000         to
               Rp214.900.000 yang diambil sebagian                              Rp214,900,000 which was partially taken
               oleh EBN.                                                        by EBN.

          Setelah peningkatan saham tersebut, tidak ada                     After the increase in share, there is no change
          perubahan kepemilikan EBN pada MBA.                               in EBN’s ownership in MBA.

     d.   Dewan Komisaris dan Direksi, Komite Audit                    d.   Boards of Commissioners and Directors,
          dan Karyawan                                                      Audit Committee and Employees

          Pada tanggal 31 Desember 2023, susunan                            As of December 31, 2023, the composition of
          Dewan Komisaris dan Direksi berdasarkan                           the Company’s Boards of Commissioners
          Rapat Umum Pemegang Saham Tahunan yang                            and Directors based on the Annual
          diaktakan dengan Akta Notaris R. M. Dendy                         Shareholders’   General     Meeting    which
          Soebangil, S.H., M.Kn., No. 04 tertanggal                         was notarized by Notarial Deed No. 04 of
          6 September 2023 adalah sebagai berikut:                          R. M. Dendy Soebangil, S.H., M.Kn., dated on
                                                                            September 6, 2023 are as follows:

          Dewan Komisaris                                                                          Board of Commissioners
          Presiden Komisaris                       Ardy Hady Wijaya                                  President Commissioner
          Komisaris                              Richard Halim Kusuma                                          Commissioner
          Komisaris                              Andreas Harun Djumadi                                         Commissioner
          Komisaris Independen                        Lim Bing Tjay                               Independent Commissioner
          Komisaris Independen                 I Gusti Putu Suryawirawan                          Independent Commissioner

          Direksi                                                                                        Board of Directors
          Presiden Direktur                         Budiarto Halim                                         President Director
          Wakil Presiden Direktur                     Hasan Aula                                      Vice President Director
          Wakil Presiden Direktur                     Joy Wahjudi                                     Vice President Director
          Direktur                                 Sintawati Halim                                                   Director
          Direktur                                  Sim Chee Ping                                                    Director
          Direktur                                 Djohan Sutanto                                                    Director
          Direktur                                 Jong Woon Kim                                                     Director
          Direktur                                        Elly                                                       Director
          Direktur                            Mitchella Ardy Hady Wijaya                                             Director
          Direktur                             Keith Ardy Hady Wijaya                                                Director




                                                       31
Page 376
                                                                   The original consolidated financial statements included herein
                                                                                                 are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                            PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                               NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                           As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                                  For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                                (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                           Unless Otherwise Stated)


1.   UMUM (lanjutan)                                              1.    GENERAL (continued)
     d.   Dewan Komisaris dan Direksi, Komite Audit                     d. Boards of Commissioners and Directors,
          dan Karyawan (lanjutan)                                          Audit    Committee  and    Employees
                                                                           (continued)

          Pada tanggal 31 Desember 2022, susunan                             As of December 31, 2022, the composition of
          Dewan Komisaris dan Direksi berdasarkan                            the Company’s Boards of Commissioners and
          Pernyataan     Keputusan       Rapat      Umum                     Directors based on the Statement of
          Pemegang Saham Luar Biasa yang diaktakan                           Extraordinary Shareholders’ General Meeting
          dengan Akta Notaris R. M. Dendy Soebangil,                         Decision which was notarized by Notarial Deed
          S.H., M.Kn., No. 3 tertanggal 4 Juli 2022 adalah                   No. 3 of R. M. Dendy Soebangil, S.H., M.Kn.,
          sebagai berikut:                                                   dated on July 4, 2022 are as follows:

          Dewan Komisaris                                                                            Board of Commissioners
          Presiden Komisaris                         Ardy Hady Wijaya                                  President Commissioner
          Komisaris                                Richard Halim Kusuma                                          Commissioner
          Komisaris Independen                          Lim Bing Tjay                               Independent Commissioner
          Komisaris Independen                   I Gusti Putu Suryawirawan                          Independent Commissioner

          Direksi                                                                                          Board of Directors
          Presiden Direktur                           Budiarto Halim                                         President Director
          Wakil Presiden Direktur                       Hasan Aula                                      Vice President Director
          Wakil Presiden Direktur                      Joy Wahjudi                                      Vice President Director
          Direktur                                    Sintawati Halim                                                  Director
          Direktur                                    Sim Chee Ping                                                    Director
          Direktur                                    Djohan Sutanto                                                   Director
          Direktur                                    Jong Woon Kim                                                    Director

          Susunan Komite Audit Perusahaan pada                               The composition of the Company’s Audit
          tanggal 31 Desember 2023 dan 2022 adalah                           Committee as of December 31, 2023 and 2022
          sebagai berikut:                                                   are as follows:

          Ketua                                  I Gusti Putu Suryawirawan                                            Chairman
          Anggota                                    Dadang Mulyana                                                    Member
          Anggota                                Khoe Minhari Handikusuma                                              Member

          Pembentukan Komite Audit Perusahaan telah                          The establishment of the Company’s Audit
          sesuai dengan Peraturan OJK No. IX.I.5.                            Committee has complied with OJK Rule
                                                                             No. IX.I.5.

          Sekretaris Perusahaan    pada   tanggal                            The Company’s Corporate Secretary as of
          31 Desember 2023 dan 2022 adalah Amelia                            December 31, 2023 and 2022 is Amelia Allen.
          Allen.

          Manajemen kunci meliputi Dewan Komisaris                           Key management comprise the Company’s
          dan Direksi Perusahaan.                                            Board of Commissioners and Directors.

          Pada tanggal 31 Desember 2023 dan                                  As    of      December  31,   2023     and
          31 Desember 2022, Grup mempunyai                                   December 31, 2022, the Group has 5,386 and
          karyawan tetap masing-masing sebanyak                              4,745 permanent employees (unaudited),
          5.386 dan 4.745 (tidak diaudit).                                   respectively.

          Manajemen      bertanggung    jawab    atas                        The management is responsible for the
          penyusunan dan penyajian laporan keuangan                          preparation  and    presentation  of   the
          konsolidasian, yang telah diselesaikan dan                         consolidated financial statements which
          disetujui untuk diterbitkan oleh Direksi                           were completed and authorized for issuance
          Perusahaan pada tanggal 30 Maret 2024.                             by the Company’s Board of Directors on
                                                                             March 30, 2024.


                                                         32
Page 377
                                                              The original consolidated financial statements included herein
                                                                                            are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                       PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                          NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                             FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                      As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                             For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                           (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                  2.    SUMMARY OF MATERIAL                    ACCOUNTING
     MATERIAL                                                      POLICIES INFORMATION

     a.   Dasar Penyajian       Laporan       Keuangan             a.   Basis of Presentation of the Consolidated
          Konsolidasian                                                 Financial Statements

          Laporan keuangan konsolidasian telah disusun                  The consolidated financial statements have
          sesuai dengan Standar Akuntansi Keuangan di                   been prepared in accordance with Indonesian
          Indonesia (“SAK”), yang mencakup Pernyataan                   Financial Accounting Standards (“SAK”), which
          dan Interpretasi yang dikeluarkan oleh Dewan                  comprise the Statements and Interpretations
          Standar Akuntansi Keuangan Ikatan Akuntan                     issued by the Financial Accounting Standards
          Indonesia (DSAK IAI) dan Peraturan-Peraturan                  Board of the Institute of Indonesia Chartered
          serta Pedoman Penyajian dan Pengungkapan                      Accountants (Dewan Standar Akuntansi
          Laporan Keuangan yang diterbitkan oleh                        Keuangan Ikatan Akuntan Indonesia or DSAK
          Otoritas Jasa Keuangan (“OJK”).                               IAI) and the Regulations and Guidelines on
                                                                        Financial    Statement     Presentation   and
                                                                        Disclosures issued by Financial Services
                                                                        Authority (Otoritas Jasa Keuangan or “ OJK”).

          Laporan keuangan entitas anak disusun sesuai                  The financial statements of the subsidiaries are
          dengan SAK, kecuali untuk laporan keuangan                    prepared in accordance with SAK, except for
          CG dan entitas anaknya, VMN, dan EIM yang                     the financial statements of CG and its
          disusun sesuai dengan Malaysian Financial                     subsidiaries, VMN, and EIM which are
          Reporting Standards, sedangkan Eraspace                       prepared in accordance with Malaysian
          Pte. Ltd., EPH, ERDI, ETC, ERDIRET, EVH,                      Financial Reporting Standards, while Eraspace
          EIS, ESS, dan EH yang disusun sesuai dengan                   Pte. Ltd., EPH, ERDI, ETC, ERDIRET, EVH,
          Singapore Financial Reporting Standards.                      EIS, ESS, and EH which are prepared in
          Dalam      penyusunan     laporan   keuangan                  accordance with Singapore Financial Reporting
          konsolidasian, laporan keuangan entitas-                      Standards. In preparing the consolidated
          entitas anak tersebut telah disesuaikan untuk                 financial statements, the financial statements of
          memenuhi ketentuan SAK.                                       these subsidiaries are adjusted to comply with
                                                                        the SAK.

          Laporan keuangan konsolidasian disusun                        The consolidated financial statements have
          berdasarkan konsep akrual, kecuali laporan                    been prepared on the accrual basis, except for
          arus kas konsolidasian, dengan menggunakan                    the consolidated statement of cash flows, using
          konsep biaya historis, kecuali seperti yang                   the historical cost concept of accounting,
          disebutkan dalam Catatan atas laporan                         except as disclosed in the relevant Notes to the
          keuangan konsolidasian yang relevan.                          consolidated financial statements herein.

          Laporan arus kas konsolidasian yang disajikan                 The consolidated statement of cash flows,
          dengan menggunakan metode langsung,                           which have been prepared using the direct
          menyajikan penerimaan dan pengeluaran kas                     method, present receipts and disbursements of
          dan setara kas yang diklasifikasikan ke dalam                 cash and cash equivalents classified into
          aktivitas operasi, investasi dan pendanaan.                   operating, investing and financing activities.

          Kebijakan akuntansi yang diterapkan oleh Grup                 The accounting policies adopted by the Group
          adalah selaras bagi tahun yang dicakup oleh                   are consistently applied for the years covered
          laporan keuangan konsolidasian, kecuali untuk                 by the consolidated financial statements,
          standar akuntansi baru dan revisi seperti                     except for new and revised accounting
          diungkapkan pada Catatan 2b di bawah ini.                     standards as disclosed in the following Note 2b.

          Tahun buku Grup       adalah    1   Januari   -               The financial reporting period of the Group is
          31 Desember.                                                  January 1 - December 31.




                                                        33
Page 378
                                                               The original consolidated financial statements included herein
                                                                                             are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                        PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                              FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                       As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                              For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                            (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                   2.    SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                            POLICIES INFORMATION (continued)

     a.   Dasar Penyajian Laporan             Keuangan              a.   Basis of Presentation of the Consolidated
          Konsolidasian (lanjutan)                                       Financial Statements (continued)

          Mata uang pelaporan yang digunakan dalam                       The reporting currency used in the consolidated
          laporan keuangan konsolidasian adalah                          financial statements is the Indonesian Rupiah,
          Rupiah, yang merupakan mata uang fungsional                    which is the Company’s and each of its
          Perusahaan dan masing-masing entitas                           subsidiaries’ functional currency, except for CG
          anaknya, kecuali untuk CG dan entitas                          and its subsidiaries, VMN and EIM which
          anaknya, VMN dan EIM yang mata uang                            functional currency is Malaysian Ringgit, and
          fungsionalnya adalah Ringgit Malaysia, dan                     EIS, ESS, EPH, ERDI, ERDIRET, Eraspace
          EIS, ESS, EPH, ERDI, ERDIRET, Eraspace                         Pte. Ltd., EVH and EH which functional
          Pte. Ltd., EVH dan EH yang mata uang                           currency is Singapore dollar.
          fungsionalnya adalah dolar Singapura.

          Grup telah menyusun laporan keuangan                           The Group has prepared the consolidated
          konsolidasian dengan dasar bahwa Grup akan                     financial statements on the basis that it will
          terus beroperasi secara berkesinambungan.                      continue to operate as a going concern.

     b.   Perubahan Standar Akuntansi                               b.   Changes in Accounting Standards

          Grup menerapkan pertama kali seluruh standar                   The Group made first time adoption of all the
          baru dan/atau yang direvisi yang berlaku efektif               new and/or revised standards effective for the
          untuk periode yang dimulai pada atau setelah                   periods beginning on or after January 1, 2023,
          1 Januari 2023, termasuk standar yang direvisi                 including the following revised standards that
          berikut ini yang mempengaruhi laporan                          have affected the consolidated financial
          keuangan konsolidasian Grup:                                   statements of the Group:

          Amandemen PSAK 1: Penyajian laporan                            Amendment of PSAK 1: Presentation of
          keuangan - Pengungkapan Kebijakan                              financial statement - Disclosure of
          Akuntansi                                                      accounting policies

          Amandemen ini memberikan panduan untuk                         This amendments provide guidance to help
          membantu entitas menerapkan pertimbangan                       entities apply materiality judgements to
          materialitas dalam pengungkapan kebijakan                      accounting      policy     disclosures.    The
          akuntansi. Amandemen tersebut bertujuan                        amendments aim to help entities provide
          untuk     membantu      entitas   menyediakan                  accounting policy disclosures that are more
          pengungkapan kebijakan akuntansi yang lebih                    useful by replacing the requirement for entities
          berguna dengan mengganti persyaratan dalam                     to disclose their ‘significant’ accounting
          mengungkapkan          kebijakan     akuntansi                 policies with a requirement to disclose their
          'signifikan' entitas menjadi persyaratan untuk                 ‘material’ accounting policies and adding
          mengungkapkan kebijakan akuntansi 'material'                   guidance on how entities apply the concept of
          entitas dan menambahkan panduan tentang                        materiality in making decisions about
          bagaimana entitas menerapkan konsep                            accounting policy disclosures.
          materialitas dalam membuat keputusan tentang
          pengungkapan kebijakan akuntansi.

          Amandemen tersebut berdampak pada                              The amendments have had an impact on the
          pengungkapan kebijakan akuntansi Grup,                         Group’s disclosures of accounting policies, but
          namun tidak berdampak pada pengukuran,                         not on the measurement, recognition or
          pengakuan atau penyajian item apa pun dalam                    presentation of any items in the Group’s
          laporan keuangan Grup.                                         financial statements.




                                                         34
Page 379
                                                           The original consolidated financial statements included herein
                                                                                         are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                    PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                           AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                       NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                          FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                   As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                          For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                        (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                   Unless Otherwise Stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI               2.    SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                        POLICIES INFORMATION (continued)

     b. Perubahan Standar Akuntansi (lanjutan)                  b.   Changes     in       Accounting        Standards
                                                                     (continued)

        Amandemen      PSAK     25:    Kebijakan                     Amendment of PSAK 25: Accounting
        Akuntansi, Perubahan Estimasi Akuntansi,                     Policies, Changes in Accounting Estimates
        dan Kesalahan terkait Definisi Estimasi                      and Errors - Definition of Accounting
        Akuntansi                                                    Estimates

        Amandemen PSAK 25 memperjelas perbedaan                      The amendments to PSAK 25 clarify the
        antara    perubahan   estimasi  akuntansi,                   distinction between changes in accounting
        perubahan kebijakan akuntansi dan koreksi                    estimates, changes in accounting policies and
        kesalahan. Amandemen juga mengklarifikasi                    the correction of errors. They also clarify how
        bagaimana entitas menggunakan teknik                         entities use measurement techniques and
        pengukuran dan input untuk mengembangkan                     inputs to develop accounting estimates.
        estimasi akuntansi.

        Amandemen ini tidak memiliki dampak terhadap                 The amendments had no impact on the Group’s
        laporan keuangan konsolidasian Grup.                         consolidated financial statements.

        Amandemen PSAK 46: Pajak Penghasilan -                       Amendment of PSAK 46: Income Taxes -
        Reformasi Pajak Internasional - Ketentuan                    International Tax Reform - Pillar Two Model
        Model Pilar Dua                                              Rules

        Amandemen PSAK 46 ini diperkenalkan                          The amendments to PSAK 46 have been
        sebagai tanggapan terhadap aturan Model Pilar                introduced in response to the Pillar Two Rules,
        Dua yang diterbitkan oleh Organisasi                         issued by Organization for Economic
        Kerjasama dan Pengembangan Ekonomi atau                      Co-operation and Development (OECD), and
        Organization for Economic Co-operation and                   include:
        Development (OECD), dan mencakup:
         Pengecualian       atas    pengakuan     dan                  An exception to the recognition and
            pengungkapan informasi mengenai aset                         disclosure of deferred taxes related to the
            dan liabilitas pajak tangguhan terkait                       Pillar Two income taxes; and
            dengan pajak penghasilan Pilar Dua; dan
         Persyaratan pengungkapan bagi entitas                         Disclosure requirements for affected
            yang terkena dampak untuk membantu                           entities to help users of the financial
            pengguna      laporan    keuangan    lebih                   statements better understand an entity’s
            memahami eksposur entitas terhadap pajak                     exposure to Pillar Two income taxes arising
            penghasilan Pilar Dua yang timbul dari                       from that legislation, particularly before its
            undang-undang        tersebut,   terutama                    effective date.
            sebelum tanggal berlakunya undang-
            undang tersebut.

        Pengecualian tersebut - yang penggunaannya                   The exception - the use of which is required to
        harus diungkapkan - segera berlaku saat                      be disclosed - applies immediately upon the
        penerbitan amandemen ini. Persyaratan                        issue of these amendments. The remaining
        pengungkapan lainnya berlaku untuk periode                   disclosure requirements apply for annual
        pelaporan tahunan yang dimulai pada atau                     reporting periods beginning on or after
        setelah 1 Januari 2023, namun tidak untuk                    January 1, 2023, but not for any interim periods
        periode interim yang berakhir pada atau                      ending on or before December 31, 2023.
        sebelum 31 Desember 2023.




                                                     35
Page 380
                                                                 The original consolidated financial statements included herein
                                                                                               are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                          PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                             NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                         As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                                For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                              (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                         Unless Otherwise Stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                     2.    SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                              POLICIES INFORMATION (continued)

     b.   Perubahan Standar Akuntansi (lanjutan)                      b.   Changes     in         Accounting       Standards
                                                                           (continued)

          Amandemen PSAK 46: Pajak Penghasilan -                           Amendment of PSAK 46: Income Taxes -
          Reformasi Pajak Internasional - Ketentuan                        International Tax Reform - Pillar Two Model
          Model Pilar Dua (lanjutan)                                       Rules (continued)

          Pada tanggal 31 Desember 2023, perundang-                        As of December 31, 2023, the Pillar Two
          undangan terkait pajak penghasilan Pilar Dua                     income taxes legislation has not yet been
          belum diberlakukan atau secara substantif                        enacted or has not yet substantively enacted in
          belum diberlakukan di Indonesia tempat Grup                      Indonesia where the Group operates.
          beroperasi. Oleh karena itu, Grup masih dalam                    Therefore, the Group is still in the process of
          proses melakukan penilaian atas potensi                          assessing the potential exposure to Pillar Two
          eksposur pajak penghasilan Pilar Dua. Potensi                    income taxes. The potential exposure, if any, to
          eksposur pajak penghasilan Pilar Dua, jika ada,                  Pillar Two income taxes is currently not known
          saat ini tidak diketahui atau dapat diperkirakan                 or reasonably estimable.
          secara wajar.

     c.   Prinsip-prinsip Konsolidasi                                 c.   Principles of Consolidation

          Laporan keuangan konsolidasian           meliputi                The    consolidated      financial  statements
          laporan keuangan Grup.                                           comprise the financial statements of the Group.

          Kendali diperoleh bila Grup terekspos atau                       Control is achieved when the Group is exposed,
          memiliki hak atas imbal hasil variabel dari                      or has rights, to variable returns from its
          keterlibatannya dengan investee dan memiliki                     involvement with the investee and has the
          kemampuan untuk mempengaruhi imbal hasil                         ability to affect those returns through its power
          tersebut melalui kekuasaannya atas investee.                     over the investee.

          Dengan demikian, investor mengendalikan                          Thus, the Group controls an investee if and only
          investee jika dan hanya jika investor memiliki                   if the Group has all of the following:
          seluruh hal berikut ini:

          i.     Kekuasaan atas investee (misal, hak saat                  i.     Power over the investee (i.e., existing
                 ini yang memberikan kemampuan kini                               rights that give the current ability to direct
                 untuk mengarahkan aktivitas relevan                              the relevant activities of the investee);
                 investee);
          ii.    Eksposur atau hak imbal hasil variabel dari               ii.    Exposure, or rights, to variable returns
                 keterlibatannya dengan investee; dan                             from its involvement with the investee; and
          iii.   Kemampuan        untuk     menggunakan                    iii.   The ability to use its power over the
                 kekuasannya atas        investee untuk                           investee to affect its returns.
                 mempengaruhi jumlah imbal hasilnya.




                                                           36
Page 381
                                                                The original consolidated financial statements included herein
                                                                                              are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                         PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                            NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                               FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                        As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                               For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                             (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                    2.    SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                             POLICIES INFORMATION (continued)

     c.   Prinsip-prinsip Konsolidasi (lanjutan)                     c.   Principles of Consolidation (continued)

          Bila Grup tidak memiliki hak suara atau hak                     When the Group has less than a majority of the
          serupa secara mayoritas atas suatu investee,                    voting or similar rights of an investee, the Group
          Grup mempertimbangkan semua fakta dan                           considers all relevant facts and circumstances
          keadaan yang relevan dalam mengevaluasi                         in assessing whether it has power over an
          apakah mereka memiliki kekuasaan atas                           investee, including:
          investee, termasuk:
          i. Pengaturan kontraktual dengan pemilik                        i.     The contractual arrangement with the
               hak suara lainnya dari investee;                                  other vote holders of the investee;
          ii. Hak yang timbul dari pengaturan                             ii.    Rights arising from other contractual
               kontraktual lain; dan                                             arrangements; and
          iii. Hak suara dan hak suara potensial milik                    iii.   The Group's voting rights and potential
               Grup.                                                             voting rights.

          Grup menilai kembali apakah mereka                              The Group re-assesses whether or not it
          mengendalikan investee bila fakta dan keadaan                   controls an investee if facts and circumstances
          mengindikasikan adanya perubahan terhadap                       indicate that there are changes to one or more
          satu atau lebih dari ketiga elemen dari                         of the three elements of control. Consolidation
          pengendalian. Konsolidasi atas entitas-entitas                  of a subsidiary begins when the Group obtains
          anak dimulai sejak Grup memperoleh                              control over the subsidiary and ceases when
          pengendalian atas entitas anak dan berakhir                     the Group loses control of the subsidiary.
          pada saat Grup kehilangan pengendalian atas                     Assets, liabilities, income and expenses of a
          entitas anak. Aset, liabilitas, penghasilan, dan                subsidiary acquired during the year are
          beban dari entitas anak yang diakuisisi pada                    included in the consolidated financial
          tahun tertentu disertakan dalam laporan                         statements from the date the Group gains
          keuangan konsolidasian sejak tanggal Grup                       control until the date the Group ceases to
          memperoleh kendali sampai tanggal Grup tidak                    control the subsidiary.
          lagi mengendalikan entitas anak tersebut.

          Seluruh laba rugi dan setiap komponen                           Profit or loss and each component of other
          penghasilan       komprehensif    lain  (“PKL”)                 comprehensive income (“OCI”) are attributed to
          diatribusikan pada pemilik entitas induk dan                    the equity holders of the parent of the Group
          pada kepentingan nonpengendali (“KNP”),                         and to the non-controlling interests (“NCI”),
          walaupun hal ini akan menyebabkan saldo KNP                     even if this results in the NCI having a deficit
          yang defisit. Bila dipandang perlu, penyesuaian                 balance. When necessary, adjustments are
          dilakukan terhadap laporan keuangan entitas                     made to the financial statements of subsidiaries
          anak untuk diselaraskan dengan kebijakan                        to bring their accounting policies into line with
          akuntansi Grup.                                                 the Group’s accounting policies.

          Seluruh aset dan liabilitas, ekuitas, penghasilan               All intra-group assets and liabilities, equity,
          dan beban dan arus kas atas transaksi                           income, expenses and cash flows relation to
          antaranggota Grup dieliminasi sepenuhnya                        transactions between members of the Group
          pada saat konsolidasi.                                          are eliminated in full on consolidation.




                                                          37
Page 382
                                                               The original consolidated financial statements included herein
                                                                                             are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                        PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                              FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                       As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                              For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                            (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                   2.    SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                            POLICIES INFORMATION (continued)

     c.   Prinsip-prinsip Konsolidasi (lanjutan)                    c.   Principles of Consolidation (continued)

          Perubahan dalam bagian kepemilikan entitas                     A change in the parent’s ownership interest in
          induk pada entitas anak yang tidak                             a subsidiary, without a loss of control, is
          mengakibatkan       hilangnya    pengendalian,                 accounted for as an equity transaction. If the
          dicatat sebagai transaksi ekuitas. Bila                        Group loses control over a subsidiary, it
          kehilangan pengendalian atas suatu entitas                     derecognizes the related assets (including
          anak, maka Grup menghentikan pengakuan                         goodwill), liabilities, NCI and other component
          atas aset (termasuk goodwill), liabilitas, KNP                 of equity, while the difference is recognized in
          dan komponen lain dari ekuitas terkait, dan                    the profit or loss. Any investment retained is
          selisihnya diakui pada laba rugi. Bagian dari                  recognized at fair value.
          investasi yang tersisa diakui pada nilai wajar.

     d.   Klasifikasi lancar dan tak lancar                         d.   Current and non-current classification

          Grup menyajikan aset dan liabilitas dalam                      The Group presents assets and liabilities in the
          laporan posisi keuangan konsolidasian                          statement of financial position based on
          berdasarkan klasifikasi lancar/tak lancar. Suatu               current/non-current classification. An asset is
          aset disajikan lancar bila:                                    current when it is:
          1)    akan direalisasi, dijual atau dikonsumsi                 1) expected to be realized or intended to be
                dalam siklus operasi normal,                                  sold or consumed in the normal operating
                                                                              cycle,
          2)   untuk diperdagangkan,                                     2) held primarily for the purpose of trading,
          3)   akan direalisasi dalam 12 bulan setelah                   3) expected to be realized within 12 months
               tanggal pelaporan, atau                                        after the reporting period, or
          4)   kas atau setara kas kecuali yang dibatasi                 4) cash or cash equivalent unless restricted
               penggunaannya atau akan digunakan                              from being exchanged or used to settle a
               untuk melunasi suatu liabilitas dalam                          liability for at least 12 months after the
               kurun waktu 12 bulan setelah tanggal                           reporting period.
               pelaporan.

          Seluruh aset lain diklasifikasikan sebagai tidak               All other assets are classified as non-current.
          lancar.
          Suatu liabilitas disajikan lancar bila:                        A liability is current when it is:
          i)   akan dilunasi dalam siklus operasi                        i)   expected to be settled in the normal
               normal,                                                        operating cycle,
          ii)  untuk diperdagangkan,                                     ii) held primarily for the purpose of trading,
          iii) akan dilunasi dalam 12 bulan setelah                      iii) due to be settled within twelve months
               tanggal pelaporan, atau                                        after the reporting period, or
          iv) tidak ada hak untuk menangguhkan                           iv) There is no right at the end of reporting
               pelunasannya dalam kurun waktu 12                              period to defer the settlement of the
               bulan setelah periode pelaporan.                               liability for at least twelve months after the
                                                                              reporting period

          Seluruh liabilitas lain diklasifikasikan sebagai               All other liabilities are classified as non-current.
          tidak lancar.

          Aset dan kewajiban pajak tangguhan                             Deferred tax assets and liabilities are classified
          diklasifikasikan sebagai aset dan kewajiban                    as non-current assets and liabilities.
          tidak lancar dan kewajiban jangka panjang.




                                                         38
Page 383
                                                                The original consolidated financial statements included herein
                                                                                              are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                         PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                            NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                               FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                        As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                               For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                             (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                    2.    SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                             POLICIES INFORMATION (continued)

     e.   Pengukuran Nilai Wajar                                      e. Fair Value Measurement

          Grup mengukur pada pengakuan awal                              The Group initially measures financial
          instrumen keuangan, dan aset dan liabilitas                    instruments at fair value, and assets and
          yang diakuisisi pada kombinasi bisnis. Grup                    liabilities of the acquirees upon business
          juga mengukur jumlah terpulihkan dari Unit                     combinations. It is also measures certain
          Penghasil Kas (“UPK”) tertentu berdasarkan                     recoverable amounts of the Cash-Generating
          nilai wajar dikurangi biaya pelepasan (Fair                    Units (“CGU”) using Fair Value Less Cost of
          Value Less Cost of Disposal atau “NWPKL”).                     Disposal (“FVLCD”).

          Nilai wajar adalah harga yang akan diterima                    Fair value is the price that would be received to
          dari menjual suatu aset atau harga yang akan                   sell an asset or paid to transfer a liability in an
          dibayar untuk mengalihkan suatu liabilitas                     orderly transaction between market participants
          dalam transaksi teratur antara pelaku pasar                    at the measurement date. The fair value
          pada tanggal pengukuran. Pengukuran nilai                      measurement is based on the presumption that
          wajar mengasumsikan bahwa transaksi untuk                      the transaction to sell the asset or transfer the
          menjual aset atau mengalihkan liabilitas terjadi:              liability takes place either:
          i)    Di pasar utama untuk aset atau liabilitas                 i)     In the principal market for the asset or
                tersebut, atau                                                   liability, or
          ii)   Jika tidak terdapat pasar utama, di pasar                 ii)    In the absence of a principal market, in the
                yang paling menguntungkan untuk aset                             most advantageous market for the asset
                atau liabilitas tersebut.                                        or liability.

          Pasar utama atau pasar yang paling                             The principal or the most advantageous market
          menguntungkan tersebut harus dapat diakses                     must be accessible to by the Group.
          oleh Grup.

          Nilai wajar dari aset atau liabilitas diukur                   The fair value of an asset or a liability is
          dengan menggunakan asumsi yang akan                            measured using the assumptions that market
          digunakan pelaku pasar ketika menentukan                       participants would use when pricing the asset
          harga aset atau liabilitas tersebut, dengan                    or liability, assuming that market participants
          asumsi bahwa pelaku pasar bertindak dalam                      act in their economic best interest.
          kepentingan ekonomi terbaiknya.

          Pengukuran nilai wajar dari suatu aset                         A fair value measurement of a non-financial
          nonkeuangan memperhitungkan kemampuan                          asset takes into account a market participant's
          pelaku pasar untuk menghasilkan manfaat                        ability to generate economic benefits by using
          ekonomik dengan menggunakan aset dalam                         the asset in its highest and best use or by
          penggunaan tertinggi dan terbaiknya atau                       selling it to another market participant that
          dengan menjualnya kepada pelaku pasar lain                     would use the asset in its highest and best use.
          yang akan menggunakan aset tersebut pada
          penggunaan tertinggi dan terbaiknya.

          Grup menggunakan teknik penilaian yang                         The Group uses valuation techniques that are
          sesuai dengan keadaan dan data yang                            appropriate in the circumstances and for which
          memadai tersedia untuk mengukur nilai wajar,                   sufficient data are available to measure fair
          dengan memaksimalkan masukan (input) yang                      value, maximizing the use of relevant
          dapat diamati (observable) yang relevan dan                    observable inputs and minimizing the use of
          meminimalkan masukan (input) yang tidak                        unobservable inputs.
          dapat diamati (unobservable).




                                                          39
Page 384
                                                               The original consolidated financial statements included herein
                                                                                             are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                        PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                              FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                       As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                              For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                            (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                   2.    SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                            POLICIES INFORMATION (continued)

     e.   Pengukuran Nilai Wajar (lanjutan)                         e.   Fair Value Measurement (continued)

          Semua aset dan liabilitas yang nilai wajarnya                  All assets and liabilities for which fair value is
          diukur atau diungkapkan dalam laporan                          measured or disclosed in the consolidated
          keuangan konsolidasian dikategorikan dalam                     financial statements are categorized within the
          hierarki nilai wajar berdasarkan level masukan                 fair value hierarchy, described as follows, based
          (input) paling rendah yang signifikan terhadap                 on the lowest level input that is significant to the
          pengukuran nilai wajar secara keseluruhan                      fair value measurement as a whole:
          sebagai berikut:
          i) Level 1 - Harga kuotasian (tanpa                            i)   Level 1 - Quoted (unadjusted) market prices
               penyesuaian) di pasar aktif untuk aset atau                    in active markets for identical assets or
               liabilitas yang identik yang dapat diakses                     liabilities.
               entitas pada tanggal pengukuran.
          ii) Level 2 - Teknik penilaian yang                            ii) Level 2 - Valuation techniques for which the
               menggunakan tingkat masukan (input)                           lowest level input that is significant to the fair
               yang paling rendah yang signifikan                            value measurement is directly or indirectly
               terhadap pengukuran nilai wajar yang                          observable.
               dapat diamati (observable) baik secara
               langsung atau tidak langsung.
          iii) Level 3 - Teknik penilaian yang                           iii) Level 3 - Valuation techniques for which the
               menggunakan tingkat masukan (input)                            lowest level input that is significant to the fair
               yang paling rendah yang signifikan                             value measurement is unobservable.
               terhadap pengukuran nilai wajar yang tidak
               dapat diamati (unobservable).

          Untuk aset dan liabilitas yang diakui pada                     For assets and liabilities that are recognized in
          laporan keuangan konsolidasian secara                          the consolidated financial statements on a
          berulang, Grup menentukan apakah terdapat                      recurring basis, the Group determines whether
          perpindahan antara level dalam hierarki                        transfers have occurred between levels in the
          dengan melakukan evaluasi ulang atas                           hierarchy by re-assessing categorization (based
          penetapan kategori (berdasarkan level                          on the lowest level input that is significant to the
          masukan (input) paling rendah yang signifikan                  fair value measurement as a whole) at the end
          terhadap pengukuran nilai wajar secara                         of each reporting period.
          keseluruhan) pada tiap akhir periode
          pelaporan.

     f.   Kas dan Setara Kas                                        f.   Cash and Cash Equivalents

          Kas dan setara kas dalam laporan posisi                        Cash and cash equivalents in the statements of
          keuangan konsolidasian yang terdiri dari kas                   consolidated financial position comprise cash
          dan bank serta deposito jangka pendek yang                     on hand and in banks and short-term deposits
          jatuh tempo dalam waktu 3 (tiga) bulan atau                    with a maturity of 3 (three) months or less at the
          kurang sejak tanggal penempatan dan tidak                      time of placement and not pledged as collateral
          dijadikan sebagai jaminan dan tidak dibatasi                   and without any restrictions in the usage.
          penggunaannya.

          Untuk       keperluan  laporan   arus     kas                  For the purpose of the consolidated statement
          konsolidasian, kas dan setara kas terdiri dari                 of cash flows, cash and cash equivalents
          kas dan bank dan deposito berjangka                            consist of cash on hand and in banks and time
          sebagaimana yang didefinisikan di atas,                        deposits as defined above, net of outstanding
          setelah dikurangi dengan cerukan yang belum                    overdraft, if any.
          dilunasi, jika ada.




                                                         40
Page 385
                                                               The original consolidated financial statements included herein
                                                                                             are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                        PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                              FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                       As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                              For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                            (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                   2.    SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                            POLICIES INFORMATION (continued)

     g.   Instrumen Keuangan                                         g.   Financial Instruments

          Instrumen keuangan adalah setiap kontrak                        A financial instrument is any contract that gives
          yang menambah nilai aset keuangan bagi satu                     rise to a financial asset of one entity and a
          entitas dan liabilitas keuangan atau ekuitas                    financial liability or equity instrument of another
          bagi entitas lain.                                              entity.

          Aset Keuangan                                                   Financial Assets

          Pengakuan dan Pengukuran Awal                                   Initial Recognition and Measurement

          Pada pengakuan awal, Grup mengukur aset                         At initial recognition, the Group measures a
          keuangan pada nilai wajarnya ditambah biaya                     financial asset at its fair value plus transaction
          transaksi, dalam hal aset keuangan tidak diukur                 costs, in the case of a financial asset not at fair
          pada nilai wajar melalui laba rugi (“NWLR”).                    value through profit or loss (“FVTPL”). Trade
          Piutang usaha yang tidak mengandung                             receivables that do not contain a significant
          komponen pembiayaan yang signifikan,                            financing component, for which the Group has
          dimana Grup telah menerapkan cara praktis,                      applied the practical expedient are measured at
          yaitu diukur pada harga transaksi yang                          the transaction price determined under
          ditentukan     sesuai   PSAK     72,    seperti                 PSAK 72, as disclosed in Note 2p.
          diungkapkan pada Catatan 2p.

          Agar aset keuangan diklasifikasikan dan diukur                  In order for a financial asset to be classified and
          pada biaya perolehan diamortisasi atau                          measured at amortized cost or FVOCI, it needs
          NWPKL, aset keuangan harus menghasilkan                         to give rise to cash flows that are ‘solely
          arus kas yang semata dari pembayaran pokok                      payments of principal and interest (“SPPI”)’ on
          dan bunga (“SPPB”) dari jumlah pokok                            the principal amount outstanding. This
          terutang. Penilaian ini disebut sebagai uji SPPB                assessment is referred to as the SPPI test and
          dan dilakukan pada tingkat instrumen.                           is performed at an instrument level.

          Model bisnis Grup untuk mengelola aset                          The Group’s business model for managing
          keuangan mengacu pada bagaimana mereka                          financial assets refers to how it manages its
          mengelola     aset    keuangannya     untuk                     financial assets in order to generate cash flows.
          menghasilkan arus kas. Model bisnis                             The business model determines whether cash
          menentukan apakah arus kas akan dihasilkan                      flows will result from collecting contractual cash
          dari penerimaan arus kas kontraktual,                           flows, selling the financial assets, or both.
          penjualan aset keuangan, atau keduanya.

          Pengukuran Selanjutnya                                          Subsequent Measurement

          Untuk tujuan pengukuran selanjutnya, aset                       For purposes of subsequent measurement,
          keuangan diklasifikasikan dalam empat                           financial assets are classified in four categories:
          kategori:
          ● Aset keuangan pada biaya perolehan                                Financial assets at amortized cost (debt
              diamortisasi (instrumen utang),                                  instruments),
          ● Aset keuangan pada NWPKL dengan                                   Financial assets at FVOCI with recycling of
              pendauran laba dan rugi kumulatif                                cumulative gains and losses (debt
              (instrumen utang),                                               instruments),
          ● Aset keuangan pada NWPKL tanpa                                    Financial assets designated at FVOCI with
              pendauran laba dan rugi kumulatif setelah                        no recycling of cumulative gains and losses
              penghentian       pengakuan     (instrumen                       upon derecognition (equity instruments),
              ekuitas), dan                                                    and
          ● Nilai wajar melalui laba rugi (NWLR).                             Fair value through profit or loss (FVTPL).



                                                         41
Page 386
                                                            The original consolidated financial statements included herein
                                                                                          are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                     PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                            AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                        NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                           FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                    As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                           For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                         (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                    Unless Otherwise Stated)


2.   IKHTISAR KEBIJAKAN          AKUNTANSI      YANG       2.    SUMMARY OF SIGNIFICANT                 ACCOUNTING
     SIGNIFIKAN (lanjutan)                                       POLICIES (continued)

     g.   Instrumen Keuangan (lanjutan)                          g.   Financial Instruments (continued)
          Aset Keuangan (lanjutan)                                    Financial Assets (continued)

          Pengukuran Selanjutnya (lanjutan)                           Subsequent Measurement (continued)

          Pengukuran selanjutnya dari aset keuangan                   The subsequent measurement of financial
          tergantung kepada klasifikasi masing-masing                 assets depends on their classification as
          aset keuangan seperti berikut ini:                          described below:

          Aset keuangan pada biaya           perolehan                Financial assets at amortized cost (debt
          diamortisasi (instrumen utang)                              instruments)

          Grup mengukur aset keuangan pada biaya                      The Group measures financial assets at
          perolehan diamortisasi jika kedua kondisi                   amortized cost if both of the following conditions
          berikut terpenuhi:                                          are met:
          ● Aset keuangan dimiliki dalam model bisnis                    The financial asset is held within a business
              dengan tujuan untuk memiliki aset                            model with the objective to hold financial
              keuangan dalam rangka mendapatkan                            assets in order to collect contractual cash
              arus kas kontraktual, dan                                    flows, and
          ● Persyaratan       kontraktual dari  aset                     The contractual terms of the financial asset
              keuangan menghasilkan arus kas pada                          give rise on specified dates to cash flows
              tanggal tertentu yang merupakan SPPB                         that are SPPI on the principal amount
              dari jumlah pokok terutang.                                  outstanding.

          Aset keuangan yang diukur pada biaya                        The Group’s financial assets at amortized cost
          perolehan diamortisasi selanjutnya diukur                   are subsequently measured using the effective
          dengan menggunakan metode suku bunga                        interest (“EIR”) method and are subject to
          efektif (“SBE”) dan menjadi subjek penurunan                impairment. Gains and losses are recognizedin
          nilai. Keuntungan dan kerugian diakui dalam                 profit or loss when the asset is derecognized,
          laba rugi pada saat aset dihentikan                         modified or impaired.
          pengakuannya, dimodifikasi atau diturunkan
          nilainya.

          Aset keuangan Grup yang diukur pada biaya                   The Group’s financial assets at amortized cost
          perolehan diamortisasi termasuk kas dan                     includes cash and cash equivalents, trade and
          setara kas, piutang usaha dan lain-lain, dan                other receivables, and other non-current
          aset keuangan tidak lancar lainnya.                         financial assets.

          Aset keuangan yang ditetapkan pada nilai                    Financial assets designated at fair value through
          wajar melalui OCI (instrumen ekuitas)                       OCI (equity instruments)

          Setelah pengakuan awal, Grup dapat memilih                  Upon initial recognition, the Group can elect to
          untuk mengklasifikasikan investasi ekuitasnya               classify irrevocably its equity investments as
          yang tidak dapat ditarik kembali sebagai                    equity instruments designated at fair value
          instrumen ekuitas yang ditetapkan pada nilai                through OCI when they meet the definition of
          wajar melalui OCI jika definisi ekuitas                     equity under PSAK 50: Financial Instruments:
          berdasarkan PSAK 50: Instrumen Keuangan:                    Presentation and are not held for trading. The
          Penyajian      dan    tidak  dimiliki   untuk               classification is determined on an instrument-by-
          diperdagangkan memenuhi definisi tersebut.                  instrument basis.
          Klasifikasi ditentukan berdasarkan instrumen
          per instrumen.




                                                      42
Page 387
                                                               The original consolidated financial statements included herein
                                                                                             are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                        PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                              FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                       As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                              For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                            (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                   2.    SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                            POLICIES INFORMATION (continued)
     g.   Instrumen Keuangan (lanjutan)                             g.   Financial Instruments (continued)
          Aset Keuangan (lanjutan)                                       Financial Assets (continued)
          Pengukuran Selanjutnya (lanjutan)                              Subsequent Measurement (continued)
          Aset keuangan yang ditetapkan pada nilai                       Financial assets designated at fair value
          wajar melalui OCI (instrumen ekuitas) (lanjutan)               through OCI (equity instruments) (continued)
          Keuntungan dan kerugian dari aset keuangan                     Gains and losses on these financial assets are
          ini tidak pernah didaur ulang menjadi                          never recycled to profit or loss. Dividends are
          keuntungan atau kerugian. Dividen diakui                       recognised as other income in the statement of
          sebagai pendapatan lain-lain dalam laporan                     profit or loss when the right of payment has been
          laba rugi pada saat hak pembayaran telah                       established, except when the Group benefits
          ditetapkan, kecuali jika Grup mendapatkan                      from such proceeds as a recovery of part of the
          keuntungan dari hasil tersebut sebagai                         cost of the financial asset, in which case, such
          pemulihan sebagian biaya perolehan aset                        gains are recorded in OCI. Equity instruments
          keuangan, dalam hal ini, keuntungan tersebut                   designated at fair value through OCI are not
          adalah tercatat di OCI. Instrumen ekuitas yang                 subject to impairment assessment.
          ditetapkan pada nilai wajar melalui OCI tidak
          tunduk pada penilaian penurunan nilai.
          Grup memilih       untuk    mengklasifikasikan                 The Group selected to classify irrevocably its
          investasi ekuitas yang tidak terdaftar dalam                   non-listed equity investments under this
          kategori ini yang tidak dapat ditarik kembali.                 category.
          Aset keuangan Grup yang ditetapkan pada nilai                  The Group financial assets designated at fair
          wajar melalui OCI (instrumen ekuitas) adalah                   value through OCI (equity instruments) is
          investasi pada saham yang dicatat sebagai                      investment in share recorded as part of “Other
          bagian dari “Aset Keuangan Tidak Lancar                        Non-current Fiancnial Assets”.
          Lainnya”.
          Penghentian pengakuan                                          Derecognition
          Aset keuangan (atau, sesuai dengan                             A financial asset (or, where applicable, a part of
          kondisinya, bagian dari aset keuangan atau                     a financial asset or part of a group of similar
          bagian dari kelompok aset keuangan serupa)                     financial assets) is primarily derecognized (i.e.,
          terutama dihentikan pengakuannya (yaitu,                       removed from the Group’s consolidated
          dihapuskan dari laporan posisi keuangan                        statement of financial position) when:
          konsolidasian Grup) ketika:
           Hak untuk menerima arus kas dari aset                           The rights to receive cash flows from the asset
              telah berakhir;                                                have expired;
              Atau                                                           Or
           Grup telah mengalihkan haknya untuk                             The Group has transferred its rights to receive
              menerima arus kas dari aset atau                               cash flows from the asset or has assumed an
              menanggung kewajiban untuk membayar                            obligation to pay the received cash flows in full
              arus kas yang diterima tersebut secara                         without material delay to a third party under a
              penuh tanpa penundaan yang material                            ‘pass-through’ arrangement; and either (a) the
              kepada       pihak   ketiga    berdasarkan                     Group has transferred substantially all the risks
              kesepakatan ‘pass-through’, dan salah satu                     and rewards of the asset, or (b) the Group has
              dari (a) Grup telah mengalihkan secara                         neither transferred nor retained substantially all
              substansial seluruh risiko dan manfaat atas                    the risks and rewards of the asset, but has
              aset, atau (b) Grup tidak mengalihkan                          transferred control of the asset
              maupun tidak memiliki secara substansial
              atas seluruh risiko dan manfaat atas aset,
              tetapi telah mengalihkan kendali atas aset.




                                                         43
Page 388
                                                              The original consolidated financial statements included herein
                                                                                            are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                    PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                           AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                       NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                          FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                   As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                          For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                        (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                   Unless Otherwise Stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                   2.   SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                           POLICIES INFORMATION (continued)

     g.   Instrumen Keuangan (lanjutan)                            g.   Financial Instruments (continued)

          Aset Keuangan (lanjutan)                                      Financial Assets (continued)

          Penghentian pengakuan (lanjutan)                              Derecognition (continued)

          Ketika Grup telah mengalihkan haknya untuk                    When the Group has transferred its rights to
          menerima arus kas dari suatu aset atau telah                  receive cash flows from an asset or has entered
          menandatangani kesepakatan ‘pass-through’,                    into a pass-through arrangement, it evaluates if,
          Grup mengevaluasi jika, dan sejauh mana,                      and to what extent, it has retained the risks and
          Grup masih mempertahankan risiko dan                          rewards of ownership. When it has neither
          manfaat atas kepemilikan aset. Ketika Grup                    transferred nor retained substantially all of the
          tidak mengalihkan maupun seluruh risiko dan                   risks and rewards of the asset, nor transferred
          manfaat atas aset dipertahankan secara                        control of the asset, the Group continues to
          substansial, maupun tidak mengalihkan kendali                 recognize the transferred asset to the extent of
          atas aset, Grup tetap mengakui aset yang                      its continuing involvement. In that case, the
          dialihkan        sebesar            keterlibatan              Group also recognizes an associated liability.
          berkelanjutannya. Dalam kasus tersebut, Grup                  The transferred asset and the associated liability
          juga mengakui liabilitas terkait. Aset yang                   are measured on a basis that reflects the rights
          dialihkan dan liabilitas terkait diukur dengan                and obligations that the Group has retained.
          basis yang mencerminkan hak dan kewajiban
          yang masih dipertahankan oleh Grup.

          Keterlibatan berkelanjutan dalam bentuk                       Continuing involvement that takes the form of a
          jaminan atas aset yang ditransfer, diukur pada                guarantee over the transferred asset is
          nilai yang lebih rendah antara jumlah tercatat                measured at the lower of the original carrying
          awal aset dan jumlah maksimum imbalan yang                    amount of the asset and the maximum amount
          dibutuhkan oleh Grup untuk membayar                           of consideration that the Group could be
          kembali.                                                      required to repay.

          Penurunan nilai aset keuangan                                 Impairment of financial assets

          Grup mengakui penyisihan Kerugian Kredit                      The Group recognizes an allowance for ECL for
          Ekspektasian (KKE) untuk semua instrumen                      all debt instruments not held at FVTPL and
          utang yang bukan diukur pada NWLR dan                         financial guarantee contracts. ECLs are based
          kontrak jaminan keuangan. KKE ditentukan                      on the difference between the contractual cash
          atas perbedaan antara arus kas kontraktual                    flows due in accordance with the contract and
          menurut kontrak dan semua arus kas yang                       all the cash flows that the Group expects to
          diharapkan akan diterima oleh Grup, yang                      receive, discounted at an approximation of the
          didiskontokan dengan perkiraan SBE orisinal.                  original EIR. The expected cash flows include
          Arus kas yang diharapkan mencakup setiap                      any cash flows from the sale of collateral held
          arus kas dari penjualan agunan yang dimiliki                  or other credit enhancements that are integral
          atau perbaikan kredit lainnya yang merupakan                  to the contractual terms.
          bagian yang tidak terpisahkan dalam ketentuan
          kontrak.




                                                         44
Page 389
                                                                  The original consolidated financial statements included herein
                                                                                                are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                        PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                              FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                       As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                              For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                            (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                       2.   SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                               POLICIES INFORMATION (continued)

     g.   Instrumen Keuangan (lanjutan)                                g. Financial Instruments (continued)

          Aset Keuangan (lanjutan)                                         Financial Assets (continued)

          Penurunan nilai aset keuangan (lanjutan)                         Impairment of financial assets (continued)

          KKE diakui dalam dua tahap. Bila belum                           ECLs are recognized in two stages. When
          terdapat peningkatan risiko kredit signifikan                    there have been significant increases in credit
          sejak pengakuan awal, KKE diakui untuk                           risks since initial recognition, ECLs are
          kerugian kredit yang dihasilkan dari peristiwa                   provided for credit losses that result from
          gagal bayar yang mungkin terjadi dalam jangka                    default events that are possible within the next
          waktu 12 bulan ke depan (KKE 12 bulan).                          12-months (a 12-month ECL). But, when there
          Namun, bila telah terdapat peningkatan                           have been significant increases in credit risks
          signifikan risiko kredit sejak pengakuan awal,                   since initial recognition, a loss allowance is
          penyisihan kerugian diakui untuk kerugian                        recognized for credit losses expected over the
          kredit yang diperkirakan selama sisa umur aset,                  remaining life of the asset, irrespective of timing
          tanpa mempertimbangkan waktu gagal bayar                         of the default (a lifetime ECL).
          (KKE sepanjang umurnya).

          Karena aset kontrak, piutang usaha dan piutang                   Because its contract assets, trade and other
          lain-lainnya    tidak    memiliki    komponen                    receivables do not contain significant financing
          pembiayaan signifikan, Grup menerapkan                           component, the Group applies a simplified
          pendekatan yang disederhanakan dalam                             approach in calculating ECL. Therefore, the
          perhitungan KKE. Oleh karena itu, Grup tidak                     Group does not track changes in credit risk, but
          menelurusi perubahan dalam risiko kredit,                        instead recognizes a loss allowance based on
          namun justru mengakui penyisihan kerugian                        lifetime ECL at each reporting date. The Group
          berdasarkan KKE sepanjang umurnya pada                           established a provision matrix that is based on
          setiap tanggal pelaporan. Grup membentuk                         its historical credit loss experience, adjusted for
          matriks provisi berdasarkan pengalaman                           forward-looking factors specific to the debtors
          kerugian kredit masa lampau, disesuaikan                         and the economic environment.
          dengan perkiraan masa depan (forward-
          looking) atas faktor yang spesifik untuk debitur
          dan lingkungan ekonomi.

          Liabilitas Keuangan                                              Financial Liabilities

          Pengakuan dan Pengukuran Awal                                    Initial Recognition and Measurement

          Liabilitas keuangan diklasifikasikan, pada                       Financial liabilities are classified, at initial
          pengakuan awal, sebagai liabilitas keuangan                      recognition, as financial liabilities at fair value
          yang diukur pada nilai wajar melalui laporan                     through profit or loss, loans and borrowings,
          laba rugi, pinjaman dan pinjaman, utang, atau                    payables, or as derivatives designated as
          derivatif yang ditetapkan sebagai instrumen                      hedging instruments in an effective hedge, as
          lindung nilai dalam lindung nilai yang efektif, jika             appropriate.
          sesuai

          Semua liabilitas keuangan pada awalnya diakui                    All financial liabilities are recognized initially at
          pada nilai wajar dan, untuk pinjaman dan                         fair value and, in the case of loans and
          pinjaman dan hutang, setelah dikurangi biaya                     borrowings and payables, net of directly
          transaksi yang dapat diatribusikan secara                        attributable transaction costs.
          langsung.




                                                             45
Page 390
                                                               The original consolidated financial statements included herein
                                                                                             are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                         PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                            NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                               FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                        As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                               For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                             (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                    2.     SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                              POLICIES INFORMATION (continued)

     g.   Instrumen Keuangan (lanjutan)                               g.    Financial Instruments (continued)

          Liabilitas Keuangan (lanjutan)                                    Financial Liabilities (continued)

          Pengakuan dan Pengukuran Awal (lanjutan)                          Initial Recognition       and    Measurement
                                                                            (continued)

          Liabilitas keuangan Grup meliputi utang bank                      The Group’s financial liabilities include
          jangka pendek, utang usaha, utang lain-lain,                      short-term bank loans, trade payables, other
          beban akrual, liabilitas imbalan kerja jangka                     payables, accrued expenses, short-term
          pendek, dan utang jangka panjang.                                 employee benefits liability, and long-term debts.

          Pengukuran Selanjutnya                                            Subsequent measurement

          Pengukuran liabilitas keuangan bergantung                         The measurement of financial liabilities
          pada klasifikasinya, seperti yang dijelaskan di                   depends on their classification, as described
          bawah ini:                                                        below:

          Liabilitas keuangan pada biaya perolehan                         Financial liabilities at amortized cost (Loans
          diamortisasi (Utang dan pinjaman)                                and borrowings)

          i)   Utang dan Pinjaman Jangka Panjang yang                      i)   Long-term Interest-bearing      Loans    and
               Dikenakan Bunga                                                  Borrowings

               Setelah pengakuan awal, utang dan                                Subsequent to initial recognition, long-term
               pinjaman jangka panjang yang berbunga                            interest-bearing loans and borrowings are
               diukur pada biaya perolehan yang                                 measured at amortized acquisition costs
               diamortisasi dengan menggunakan metode                           using EIR method. At the reporting dates,
               SBE. Pada tanggal pelaporan, biaya bunga                         accrued interest is recorded separately from
               yang masih harus dibayar dicatat secara                          the associated borrowings within the current
               terpisah, dari pokok pinjaman terkait, dalam                     liabilities section. Gains and losses are
               bagian liabilitas jangka pendek. Keuntungan                      recognized in the profit or loss when the
               dan kerugian diakui pada laba rugi ketika                        liabilities are derecognized as well as
               liabilitas dihentikan pengakuannya maupun                        through the EIR amortization process.
               melalui proses amortisasi menggunakan
               metode SBE.

               Biaya    amortisasi    dihitung    dengan                        Amortized cost is calculated by taking into
               mempertimbangkan setiap diskonto atau                            account any discount or premium on
               premium atas akusisi dan komisi atau biaya                       acquisition and fees or costs that are an
               yang merupakan bagian tidak terpisahkan                          integral part of the EIR. The EIR
               dari SBE. Amortisasi SBE dicatat sebagai                         amortization is included in finance costs in
               beban keuangan pada laba rugi.                                   the profit or loss.

          ii) Utang dan Akrual                                             ii) Payables and Accruals

               Liabilitas untuk utang usaha dan utang                           Liabilities for current trade and other
               lain-lain jangka pendek, biaya masih harus                       accounts payable, accrued expenses and
               dibayar dan liabilitas imbalan kerja jangka                      short-term employee benefit liability are
               pendek dinyatakan sebesar jumlah tercatat                        stated at carrying amounts (notional
               (jumlah nosional), yang kurang lebih                             amounts), which approximate their fair
               sebesar nilai wajarnya.                                          values.




                                                          46
Page 391
                                                              The original consolidated financial statements included herein
                                                                                            are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                        PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                              FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                       As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                              For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                            (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                   2.     SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                             POLICIES INFORMATION (continued)

     g.   Instrumen Keuangan (lanjutan)                              g. Financial Instruments (continued)

          Liabilitas Keuangan (lanjutan)                                Financial Liabilities (continued)

          Penghentian Pengakuan                                         Derecognition

          Suatu     liabilitas  keuangan dihentikan                     A financial liability is derecognized when the
          pengakuannya pada saat kewajiban yang                         obligation under the contract is discharged or
          ditetapkan dalam kontrak berakhir atau                        cancelled or expires.
          dibatalkan atau kedaluwarsa.

          Ketika sebuah liabilitas keuangan ditukar                     When an existing financial liability is replaced by
          dengan liabilitas keuangan lain dari pemberi                  another from the same lender on substantially
          pinjaman yang sama atas persyaratan yang                      different terms, or the terms of an existing
          secara substansial berbeda, atau bila                         liability are substantially modified, such an
          persyaratan dari liabilitas keuangan tersebut                 exchange or modification is treated as
          secara substansial dimodifikasi, pertukaran                   derecognition of the original liability and
          atau modifikasi persyaratan tersebut dicatat                  recognition of a new liability, and the difference
          sebagai penghentian pengakuan liabilitas                      in the respective carrying amounts is recognized
          keuangan orisinal dan pengakuan liabilitas                    in the profit or loss.
          keuangan baru, dan selisih antara nilai tercatat
          masing-masing liabilitas keuangan tersebut
          diakui pada laba rugi.

          Saling Hapus Instrumen Keuangan                               Offsetting of Financial Instruments

          Aset keuangan dan liabilitas keuangan disaling                Financial assets and financial liabilities are
          hapuskan dan nilai netonya disajikan dalam                    offset, and the net amount reported in the
          laporan posisi keuangan konsolidasian jika, dan               consolidated statement of financial position if,
          hanya jika, terdapat hak secara hukum untuk                   and only if, there is a currently enforceable legal
          melakukan saling hapus atas jumlah tercatat                   right to offset the recognized amounts and there
          dari aset keuangan dan liabilitas keuangan                    is an intention to settle on a net basis, or to
          tersebut      dan    terdapat  intensi    untuk               realize the assets and settle the liabilities
          menyelesaikan secara neto, atau untuk                         simultaneously.
          merealisasikan aset dan menyelesaikan
          liabilitas secara bersamaan.

     h.   Transaksi dengan Pihak Berelasi                            h. Transactions with Related Parties

          Group mempunyai transaksi dengan pihak-                       The Group has transactions with related parties
          pihak berelasi sebagaimana didefinisikan                      as defined in PSAK 7: Related party disclosures.
          pada PSAK 7: Pengungkapan pihak-pihak
          berelasi.

          Transaksi dengan pihak-pihak berelasi                         Transactions with related parties are made
          dilakukan berdasarkan persyaratan yang                        based on terms agreed by the parties, in which
          disetujui oleh kedua belah pihak, dimana                      such terms may not be the same as those of the
          persyaratan tersebut mungkin tidak sama                       transactions between unrelated parties.
          dengan transaksi lain yang dilakukan dengan
          pihak-pihak yang tidak berelasi.




                                                         47
Page 392
                                                             The original consolidated financial statements included herein
                                                                                           are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                       PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                          NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                             FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                      As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                             For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                           (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                  2.     SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                            POLICIES INFORMATION (continued)

     h.   Transaksi dengan Pihak Berelasi (lanjutan)                h. Transactions        with      Related      Parties
                                                                       (continued)

          Seluruh transaksi dan saldo yang material                    All significant transactions and balances with
          dengan pihak-pihak berelasi diungkapkan                      related parties are disclosed in Note 33 to the
          dalam Catatan 33 atas laporan keuangan                       consolidated financial statements.
          konsolidasian yang relevan.

     i.   Persediaan                                                i. Inventories

          Persediaan dinyatakan sebesar nilai yang lebih               Inventories are stated at the lower of cost or net
          rendah antara biaya perolehan atau nilai                     realizable value. Net realizable value is the
          realisasi neto. Nilai realisasi neto persediaan              estimated selling price in the ordinary course of
          adalah estimasi harga jual dalam kegiatan                    business, less estimated cost of completion and
          usaha biasa dikurangi estimasi biaya                         the estimated cost necessary to make the sale.
          penyelesaian dan estimasi biaya yang                         The costs of the Group’s cellular phones, tablet,
          diperlukan untuk membuat penjualan. Biaya                    computer and other electronic devices
          perolehan persediaan telepon selular, tablet,                inventories are determined by the specific
          komputer dan peralatan elektronik lainnya milik              identification method.         The costs of other
          Grup ditentukan dengan menggunakan metode                    inventories such as starterpacks, spareparts,
          identifikasi khusus. Biaya perolehan untuk                   vouchers, and accessories are determined
          persediaan lain seperti kartu perdana, suku                  using the “first-in, first-out” (“FIFO”) method. The
          cadang, voucher, dan aksesoris ditentukan                    costs of certain subsidiaries’ inventories are fully
          menggunakan metode “masuk pertama, keluar                    determined using the FIFO method due to
          pertama” (“FIFO”). Biaya perolehan untuk                     limitation of subsidiary’s system for supporting
          persediaan entitas anak tertentu sepenuhnya                  specific inventory identification method.
          menggunakan metode FIFO dikarenakan
          keterbatasan sistem entitas anak tersebut untuk
          mendukung pengidentifikasian persediaan
          secara spesifik.

          Grup menetapkan penyisihan untuk nilai                       The Group provides allowance for net realizable
          realisasi neto persediaan berdasarkan hasil                  value of inventories based on periodic reviews
          penelaahan berkala atas kondisi fisik dan nilai              of the physical conditions and net realizable
          realisasi neto persediaan.                                   values of the inventories.

     j.   Investasi pada Entitas Asosiasi dan Ventura               j. Investment in Associates and Joint Ventures
          Bersama

          Entitas    asosiasi   adalah  entitas yang                   An associate is an entity over which the Group
          terhadapnya Grup memiliki pengaruh signifikan.               has significant influence. Significant influence is
          Pengaruh signifikan adalah kekuasaan untuk                   the power to participate in the financial and
          berpartisipasi dalam keputusan kebijakan                     policy decisions of the investee, but is not
          keuangan dan operasional investee, tetapi tidak              control or joint control over those policies.
          mengendalikan atau mengendalikan bersama
          atas kebijakan tersebut.

          Pertimbangan yang dibuat dalam menentukan                    The considerations made in determining
          pengaruh signifikan adalah serupa dengan                     significant influence are similar to those
          hal-hal yang diperlukan dalam menentukan                     necessary     to   determine control  over
          kendali atas entitas anak.                                   subsidiaries.




                                                        48
Page 393
                                                                The original consolidated financial statements included herein
                                                                                              are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                          PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                             NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                         As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                                For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                              (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                         Unless Otherwise Stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                     2.     SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                               POLICIES INFORMATION (continued)

     j.   Investasi pada Entitas Asosiasi dan Ventura                  j. Investment in Associates and Joint Ventures
          Bersama (lanjutan)                                               (continued)

          Laporan keuangan entitas asosiasi disusun                         The financial statements of the associate are
          atas periode pelaporan yang sama dengan                           prepared for the same reporting period of the
          Grup.                                                             Group.

          Setelah penerapan metode ekuitas, Grup                            After application of the equity method, the Group
          menentukan      apakah     diperlukan    untuk                    determines whether it is necessary to recognize
          mengakui tambahan rugi penurunan nilai atas                       an additional impairment loss on the Group’s
          investasi Grup dalam entitas asosiasi. Grup                       investment in its associate. The Group
          menentukan pada setiap tanggal pelaporan                          determines at each reporting date whether there
          apakah terdapat bukti yang obyektif yang                          is any objective evidence that the investment in
          mengindikasikan bahwa investasi dalam entitas                     the associate is impaired. If this is the case, the
          asosiasi mengalami penurunan nilai. Dalam hal                     Group calculates the amount of impairment as
          ini, Grup menghitung jumlah penurunan nilai                       the difference between the recoverable amount
          berdasarkan selisih antara jumlah terpulihkan                     of the investment in associate and its carrying
          atas investasi dalam entitas asosiasi dan nilai                   value, and recognizes the amount in profit or
          tercatatnya dan mengakuinya dalam laba rugi.                      loss.

          Pada saat kehilangan pengaruh signifikan atas                     Upon loss of significant influence over the
          entitas asosiasi, Grup mengukur dan mengakui                      associate, the Group measures and recognizes
          bagian investasi tersisa pada nilai wajar. Selisih                any retained investment at its fair value. Any
          antara nilai tercatat entitas asosiasi dan nilai                  difference between the carrying amount of the
          wajar investasi yang tersisa dan penerimaan                       associate and the fair value of the retained
          dari pelepasan investasi diakui pada laba rugi.                   investment and proceeds from disposal is
                                                                            recognized in profit or loss.

     k.   Sewa                                                         k.   Leases

          Grup menilai pada saat insepsi kontrak apabila                    The Group assess at contract inception whether
          kontrak tersebut adalah, atau mengandung,                         a contract is, or contains, a lease. That is, if the
          sewa. Yaitu, bila kontrak tersebut memberikan                     contract conveys the right to control the use of
          hak untuk mengendalikan penggunaan aset                           an identified asset for a period of time in
          identifikasian selama suatu jangka waktu untuk                    exchange for consideration.
          dipertukarkan dengan imbalan.

          Grup sebagai lessee                                               The Group as a lessee

          Grup menerapkan satu pendekatan pengakuan                         The Group applies a single recognition and
          dan pengukuran tunggal bagi seluruh sewa,                         measurement approach for all leases, except
          kecuali untuk sewa jangka pendek dan sewa                         for short-term leases and leases of low-value
          aset pendasarnya bernilai rendah. Grup                            assets. The Group recognizes lease liabilities to
          mengakui liabilitas sewa untuk melakukan                          make lease payments and right of use assets
          pembayaran sewa dan aset hak-guna yang                            representing the right to use the underlying
          merupakan hak untuk menggunakan aset                              assets.
          pendasar.




                                                           49
Page 394
                                                             The original consolidated financial statements included herein
                                                                                           are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                       PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                          NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                             FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                      As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                             For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                           (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                  2.     SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                            POLICIES INFORMATION (continued)

     k.   Sewa (lanjutan)                                           k.   Leases (continued)

          Grup sebagai lessee (lanjutan)                                 The Group as a lessee (continued)

          Aset hak-guna                                                  Right-of-used assets

          Grup mengakui aset hak-guna pada tanggal                       The Group recognizes right of use assets at the
          dimulainya sewa (yaitu tanggal aset tersedia                   commencement date of the lease (i.e., the date
          untuk digunakan). Aset hak-guna diukur pada                    the underlying asset is available for use). Right
          harga       perolehan,   dikurangi   akumulasi                 of use assets are measured at cost, less any
          penyusutan dan penurunan nilai, dan                            accumulated depreciation and impairment
          disesuaikan untuk setiap pengukuran kembali                    losses, and adjusted for any remeasurement of
          liabilitas sewa. Biaya perolehan aset hak-guna                 lease liabilities. The cost of right of use assets
          mencakup jumlah liabilitas sewa yang diakui,                   includes the amount of lease liabilities
          biaya langsung yang timbul diawal, dan                         recognized, initial direct costs incurred, and
          pembayaran sewa yang dilakukan pada atau                       lease payments made at or before the
          sebelum tanggal mulai dikurangi setiap insentif                commencement date less any lease incentives
          sewa yang diterima. Aset hak-guna disusutkan                   received. Right of use assets are depreciated
          dengan metode garis lurus selama periode                       on a straight-line basis over the lease term.
          masa sewa.

          Jika kepemilikan aset sewaan beralih ke Grup                   If ownership of the leased asset transfers to the
          pada akhir masa sewa atau biaya perolehan                      Group at the end of the lease term or the cost
          mencerminkan      pelaksanaan   opsi    beli,                  reflects the exercise of a purchase option,
          penyusutan dihitung dengan menggunakan                         depreciation is calculated using the estimated
          estimasi masa manfaat aset.                                    useful life of the asset.

          Liabilitas sewa                                                Lease liabilities

          Pada tanggal dimulainya sewa, Grup mengakui                    At the commencement date of the lease, the
          liabilitas sewa yang diukur pada nilai kini                    Group recognizes lease liabilities measured at
          pembayaran sewa yang harus dilakukan                           the present value of lease payments to be made
          selama masa sewa.                                              over the lease term.

          Pembayaran sewa mencakup pembayaran                            The lease payments include fixed payments
          tetap (termasuk pembayaran tetap secara                        (including in-substance fixed payments) less
          substansi) dikurangi piutang insentif sewa,                    any lease incentives receivable, variable lease
          pembayaran sewa variabel yang bergantung                       payments that depend on an index or a rate,
          pada indeks atau tarif, dan jumlah yang                        and amounts expected to be paid under
          diharapkan akan dibayar dibawah jaminan nilai                  residual value guarantees. The lease payments
          residu. Pembayaran sewa juga mencakup                          also include the exercise price of a purchase
          harga pelaksanaan dari opsi beli yang cukup                    option reasonably certain to be exercised by the
          pasti akan dilaksanakan oleh Grup, dan                         Group and payments of penalties for
          pembayaran denda untuk penghentian sewa,                       terminating the lease, if the lease term reflects
          jika masa sewa merefleksikan Grup                              the Group exercising the option to terminate.
          melaksanakan opsi untuk menghentikan sewa.                     Variable lease payments that do not depend on
          Pembayaran sewa variabel yang tidak                            an index or a rate are recognized as expenses
          bergantung pada indeks atau tarif diakui                       (unless they are incurred to produce
          sebagai beban (kecuali terjadi untuk                           inventories) in the period in which the event or
          menghasilkan persediaan) pada periode di                       condition that triggers the payment occurs.
          mana peristiwa atau kondisi yang memicu
          terjadinya pembayaran.




                                                        50
Page 395
                                                                   The original consolidated financial statements included herein
                                                                                                 are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                             PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                                    AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                                NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                            As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                                   For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                                 (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                            Unless Otherwise Stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                        2.     SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                                  POLICIES INFORMATION (continued)

     k.   Sewa (lanjutan)                                                 k.   Leases (continued)

          Grup sebagai lessee (lanjutan)                                       The Group as a lessee (continued)

          Liabilitas sewa (lanjutan)                                           Lease liabilities (continued)

          Dalam menghitung nilai kini pembayaran sewa,                         In calculating the present value of lease
          Grup menggunakan Suku Bunga Pinjaman                                 payments, the Group uses its Incremental
          Inkremental (“SBPI”) pada tanggal permulaan                          Borrowing Rate (“IBR”) at the lease
          sewa karena suku bunga implisit dalam sewa                           commencement date because the interest rate
          tidak dapat segera ditentukan. Setelah tanggal                       implicit in the lease is not readily determinable.
          permulaan, jumlah liabilitas sewa ditingkatkan                       After the commencement date, the amount of
          untuk merefleksikan akresi bunga (atas efek                          lease liabilities is increased to reflect the
          diskonto) dan mengurangi pembayaran sewa                             accretion of interest and reduced for the lease
          yang dilakukan. Selain itu, nilai tercatat liabilitas                payments made. In addition, the carrying
          sewa diukur kembali jika ada modifikasi,                             amount of lease liabilities is remeasured if there
          perubahan      masa        sewa,       perubahan                     is a modification, a change in the lease term, a
          pembayaran sewa (misalnya, perubahan                                 change in the lease payments (e.g., changes to
          pembayaran masa depan akibat perubahan                               future payments resulting from a change in an
          indeks atau kurs yang digunakan untuk                                index or rate used to determine such lease
          pembayaran sewa) atau perubahan penilaian                            payments) or a change in the assessment of an
          opsi untuk membeli aset pendasar.                                    option to purchase the underlying asset.

          Grup sebagai lessor                                                  The Group as a lessor

          Sewa di mana Grup tidak mengalihkan secara                           Leases in which the Group does not transfer
          substansial seluruh risiko dan manfaat yang                          substantially all the risks and rewards incidental
          terkait dengan kepemilikan suatu aset                                to ownership of an asset are classified as
          diklasifikasikan  sebagai     sewa    operasi.                       operating leases. Rental income arising is
          Pendapatan sewa yang timbul dicatat dengan                           accounted for on a straight-line basis over the
          metode garis lurus selama masa sewa dan                              lease terms and is included in revenue in the
          dimasukkan dalam pendapatan dalam laporan                            consolidated statement of profit or loss and
          laba rugi dan penghasilan komprehensif lain                          other comprehensive income due to its
          konsolidasian karena sifat operasinya. Biaya                         operating nature. Initial direct costs incurred in
          perolehan langsung awal yang timbul dalam                            negotiating and arranging an operating lease
          negosiasi dan pengaturan sewa operasi                                are added to the carrying amount of the leased
          ditambahkan ke nilai tercatat aset sewaan dan                        asset and recognized over the lease term on
          diakui selama masa sewa atas dasar yang                              the same basis as rental income. Contingent
          sama dengan pendapatan sewa. Sewa                                    rents are recognized as revenue in the period
          kontinjensi diakui sebagai pendapatan pada                           in which they are earned.
          periode di mana sewa kontijensi tersebut
          diperolehan.




                                                              51
Page 396
                                                                    The original consolidated financial statements included herein
                                                                                                  are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                            PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                               NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                           As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                                  For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                                (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                           Unless Otherwise Stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                       2.     SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                                 POLICIES INFORMATION (continued)

     l.   Aset Tetap - Neto                                              l. Fixed Assets - Net

          Seluruh aset tetap awalnya diakui sebesar                          All fixed assets are initially recognized at cost,
          biaya perolehan, yang terdiri atas harga                           which comprises its purchase price and any
          perolehan dan biaya-biaya tambahan yang                            costs directly attributable in bringing the asset
          dapat diatribusikan langsung untuk membawa                         to the location and condition necessary for it to
          aset ke lokasi dan kondisi yang diinginkan                         be capable of operating in the manner intended
          supaya aset tersebut siap digunakan sesuai                         by management.
          dengan maksud manajemen.

          Setelah pengakuan awal, aset tetap, kecuali                        Subsequent to initial recognition, fixed assets,
          tanah, dinyatakan pada biaya perolehan                             except land, are carried at cost less any
          dikurangi akumulasi penyusutan dan akumulasi                       subsequent accumulated depreciation and
          rugi penurunan nilai.                                              impairment losses.

          Penyusutan aset dimulai pada saat aset                             Depreciation of an asset starts when it is
          tersebut siap untuk digunakan sesuai maksud                        available for its intended use by the Group and
          penggunaannya oleh Grup dan dihitung dengan                        is computed using the straight-line method
          menggunakan metode garis lurus berdasarkan                         based on the estimated useful lives of the
          estimasi umur manfaat ekonomis sebagai                             assets as follows:
          berikut:

                                                             Tahun/Years

          Bangunan dan prasarana                                3 - 50                                Building and improvements
          Kendaraan                                             4-8                                                       Vehicles
          Peralatan kantor dan outlet                           3 - 10                                Office and outlet equipment
          Perlengkapan dan perabotan                            4 - 10                                       Furniture and fixtures

          Mesin disusutkan menggunakan metode unit                           Machineries are depreciated using the unit of
          produksi.                                                          production method.

          Nilai tercatat aset tetap direviu atas penurunan                   The carrying amounts of fixed assets are
          jika terdapat peristiwa atau perubahan keadaan                     reviewed for impairment when events or
          yang mengindikasikan bahwa nilai tercatat                          changes in circumstances indicate that the
          mungkin tidak dapat seluruhnya terpulihkan.                        carrying values may not be fully recoverable.

          Jumlah tercatat komponen dari suatu aset tetap                     The carrying amount of an item of these assets
          dihentikan pengakuannya pada saat dilepaskan                       is derecognized upon disposal or when no
          atau saat tidak ada lagi manfaat ekonomi masa                      future economic benefits are expected from its
          depan yang diharapkan dari penggunaan atau                         use or disposal. Any gain or loss arising on
          pelepasannya. Keuntungan atau kerugian yang                        derecognition of the asset (calculated as the
          timbul dari penghentian pengakuan aset                             difference between the net disposal proceeds
          (ditentukan sebesar selisih antara jumlah hasil                    and the carrying amount of the asset) is
          pelepasan neto dan jumlah tercatatnya aset)                        included in the consolidated statement of profit
          dimasukkan dalam laporan laba rugi dan                             or loss and other comprehensive income in the
          penghasilan komprehensif lain konsolidasian                        year the asset is derecognized.
          pada tahun aset           tersebut   dihentikan
          pengakuannya.




                                                         52
Page 397
                                                              The original consolidated financial statements included herein
                                                                                            are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                    PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                           AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                       NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                          FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                   As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                          For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                        (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                   Unless Otherwise Stated)


2.   IKHTISAR    INFORMASI         KEBIJAKAN                  2.   SUMMARY OF MATERIAL ACCOUNTING
     AKUNTANSI MATERIAL (lanjutan)                                 POLICIES INFORMATION (continued)

     l.   Aset Tetap - Neto (lanjutan)                             l. Fixed Assets – Net (continued)

          Pada setiap akhir tahun, nilai residu, umur                 The assets’ residual values, useful lives and
          manfaat dan metode penyusutan direviu, dan                  methods of depreciation are reviewd, and
          jika diperlukan disesuaikan secara prospektif.              adjusted prospectively if appropriate, at each
                                                                      financial year end.

          Aset tetap dalam penyelesaian dicatat sebesar               Constructions in-progress are stated at cost,
          biaya perolehan, yang mencakup kapitalisasi                 including capitalized borrowing costs and other
          beban pinjaman dan biaya-biaya lainnya yang                 charges incurred in connection with the
          terjadi sehubungan dengan pendanaan aset                    financing of the said asset constructions. The
          tetap dalam penyelesaian tersebut. Akumulasi                accumulated costs will be reclassified to the
          biaya perolehan akan direklasifikasi ke akun                appropriate “Fixed Assets” account when the
          “Aset Tetap” yang bersangkutan pada saat aset               construction is completed. Assets under
          tetap tersebut telah selesai dikerjakan dan siap            construction are not depreciated until they fulfill
          untuk     digunakan.     Aset     tetap   dalam             criteria for recognition as fixed assets as
          penyelesaian      tidak   disusutkan     sampai             disclosed above.
          memenuhi syarat pengakuan sebagai aset
          tetap seperti diungkapkan di atas.

          Beban       pemeliharaan      dan     perbaikan             Repairs and maintenance expenses are taken to
          dibebankan pada laba rugi dan penghasilan                   the profit or loss and other comprehensive
          komprehensif lain pada saat terjadinya. Beban               income when they are incurred. The cost of
          pemugaran dan penambahan dalam jumlah                       major renovation and restoration is included in
          besar dikapitalisasi kepada jumlah tercatat aset            the carrying amount of the related asset when it
          terkait bila besar kemungkinan bagi Grup                    is probable that future economic benefits in
          manfaat ekonomi masa depan menjadi lebih                    excess of the originally assessed standard of
          besar dari standar kinerja awal yang ditetapkan             performance of the existing asset will flow to the
          sebelumnya dan disusutkan sepanjang sisa                    Group and is depreciated over the remaining
          masa manfaat aset terkait.                                  useful life of the related asset.

          Tanah termasuk biaya pengurusan legal hak                   Land, including legal cost of land rights in the
          atas tanah dalam bentuk Hak Guna Usaha                      form of Right to Cultivate (“Hak Guna Usaha” or
          (“HGU”), Hak Guna Bangunan (“HGB”) dan Hak                  “HGU”), Right to Build (“Hak Guna Bangunan” or
          Pakai (“HP”) ketika tanah diperoleh pertama kali            “HGB”) and Right to Use (“Hak Pakai” or “HP”)
          dinyatakan sebesar biaya perolehan dan tidak                when the land rights were acquired initially, is
          diamortisasi karena manajemen berpendapat                   stated at cost and not amortized as the
          bahwa kemungkinan besar hak atas tanah                      management is of the opinion that it is probable
          tersebut dapat diperbaharui/diperpanjang pada               the titles of land rights can be renewed/extended
          saat masa berlakunya selesai.                               upon expiration.

          Biaya pengurusan atas perpanjangan atau                     The extension or the legal renewal costs of land
          pembaruan legal hak atas tanah dalam bentuk                 rights in the form of HGU, HGB and HP are
          HGU, HGB dan HP ditangguhkan dan                            deferred and amortized over the shorter
          diamortisasi yang lebih pendek antara umur                  between the land rights' legal life and the
          hukum hak atas tanah dan umur ekonomi                       economic life of the land, and presented as part
          tanah, dan disajikan sebagai bagian dari akun               of “Other Non-current Assets” account in the
          “Aset Tidak Lancar Lainnya” pada laporan                    consolidated statement of financial position.
          posisi keuangan konsolidasian.




                                                         53
Page 398
                                                            The original consolidated financial statements included herein
                                                                                          are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                  PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                         AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                     NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                        FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                 As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                        For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                      (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                 Unless Otherwise Stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                 2.   SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                         POLICIES INFORMATION (continued)

     m. Aset Takberwujud                                         m. Intangible Assets

        Aset takberwujud yang diperoleh secara                       Intangible assets acquired separately are
        terpisah diukur pada pengakuan awal sebesar                  measured on initial recognition at cost. The cost
        biaya perolehan. Biaya perolehan aset                        of intangible assets acquired in a business
        takberwujud yang berasal dari kombinasi bisnis               combination is their fair value at the date of
        adalah nilai wajar pada tanggal akuisisi.                    acquisition. Following initial recognition,
        Setelah pengakuan awal, aset takberwujud                     intangible assets are carried at cost less any
        dinyatakan pada biaya perolehan dikurangi                    accumulated amortisation and accumulated
        dengan akumulasi amortisasi dan akumulasi                    impairment losses, except for goodwill which
        rugi penurunan nilai, kecuali untuk goodwill                 are carried at their fair value at the date of
        yang dinyatakan pada nilai wajar pada tanggal                acquisitions less any impairment losses.
        akuisisi dengan dikurangi penurunan nilai.

        Masa manfaat aset takberwujud dinilai sebagai                The useful lives of intangible assets are
        terbatas atau tidak terbatas. Aset takberwujud               assessed as either finite or indefinite. Intangible
        dengan umur manfaat terbatas diamortisasi                    assets with finite lives are amortised over the
        sesuai umur manfaat ekonomis dan diuji untuk                 useful economic life and assessed for
        penurunan nilai jika terdapat indikasi bahwa                 impairment whenever there is an indication that
        aset takberwujud mengalami penurunan nilai.                  the intangible assets may be impaired.
        Periode dan metode amortisasi aset                           The amortisation period and the amortisation
        takberwujud dengan umur manfaat terbatas                     method for an intangible asset with a finite
        ditelaah sekurang-kurangnya pada setiap akhir                useful life are reviewed at least at the end of
        periode pelaporan. Perubahan pada perkiraan                  each reporting period. Changes in the expected
        umur manfaat atau pola konsumsi manfaat                      useful life or the expected pattern of
        ekonomi masa depan dari aset tersebut                        consumption of future economic benefits
        dijadikan pertimbangan dalam mengubah                        embodied in the asset are considered to modify
        periode atau metode amortisasi dan                           the amortisation period or method, as
        diperlakukan sebagai perubahan estimasi                      appropriate, and are treated as changes in
        akuntansi. Beban amortisasi aset takberwujud                 accounting estimates. The amortisation
        dengan umur manfaat terbatas dicatat sebagai                 expense on intangible assets with finite lives is
        beban pada laba rugi sesuai dengan fungsi                    recognised in the profit or loss as the expense
        aset takberwujud tersebut.                                   category that is consistent with the function of
                                                                     the intangible assets.

        Aset takberwujud dengan masa manfaat tidak                   Intangible assets with indefinite useful lives are
        terbatas tidak diamortisasi, tetapi diuji                    not amortized, but are tested for impairment
        penurunan nilainya setiap tahun, baik secara                 annually, either individually or at the cash-
        individual maupun pada tingkat unit penghasil                generating unit level. The assessment of
        kas. Penilaian kehidupan tidak terbatas ditinjau             indefinite life is reviewed annually to determine
        setiap tahun untuk menentukan apakah                         whether the indefinite life continues to be
        kehidupan tidak terbatas terus dapat didukung.               supportable. If not, the change in useful life from
        Jika tidak, perubahan masa manfaat dari tidak                indefinite to finite is made on a prospective
        terbatas menjadi terbatas dilakukan secara                   basis.
        prospektif




                                                       54
Page 399
                                                                                 The original consolidated financial statements included herein
                                                                                                               are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                                       PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                                              AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                                          NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                             FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                                      As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                                             For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                                           (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                                      Unless Otherwise Stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                                      2.     SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                                                POLICIES INFORMATION (continued)

     m. Aset Takberwujud (lanjutan)                                                      m. Intangible Assets (continued)

        Aset tidak berwujud dihentikan pengakuannya                                           An intangible asset is derecognized upon
        pada saat pelepasan (yaitu, pada tanggal                                              disposal (i.e., at the date the recipient obtains
        penerima memperoleh kendali) atau ketika                                              control) or when no future economic benefits
        tidak ada manfaat ekonomi masa depan yang                                             are expected from its use or disposal. Any gain
        diharapkan     dari     penggunaan     atau                                           or loss arising upon derecognition of the asset
        pelepasannya. Keuntungan atau kerugian yang                                           (calculated as the difference between the net
        timbul dari penghentian pengakuan aset                                                disposal proceeds and the carrying amount of
        (dihitung sebagai perbedaan antara hasil                                              the asset) is included in the statement of profit
        pelepasan neto dan jumlah tercatat aset)                                              or loss.
        dimasukkan dalam laporan laba rugi.

        Ringkasan kebijakan yang diterapkan untuk                                             The summary of the policies applied to the
        aset takberwujud milik Grup adalah sebagai                                            Group’s intangible assets are as follows:
        berikut:

                                                                Merek
                                                             dan Lisensi/
                                                              Brand and           Non-competing
                                         Goodwill             Licenses              Agreement               Software

                                                              10 tahun dan
                                                             tidak terbatas/
                                      Tidak terbatas/         10 years and
        Umur manfaat                     Indefinite             indefinite             5 tahun/year      3-4 tahun/year                Useful lives

                                     Tidak diamortisasi/   Tidak diamortisasi/         Garis lurus/       Garis lurus/
        Metode amortisasi              Not amortized         Not amortized             Straight-line      Straight-line       Amortization method

        Dihasilkan secara internal    Dari pembelian/       Dari pembelian/           Dari pembelian/    Dari pembelian/       Internally generated
           atau dari pembelian          Purchased             Purchased                 Purchased          Purchased               or purchased

     n. Penurunan Nilai Aset Non-keuangan                                               n. Impairment of Non-financial Assets

        Pada setiap tanggal pelaporan, Grup menilai                                           The Group assesses at the each reporting date
        apakah terdapat indikasi suatu aset                                                   whether there is an indication that an asset may
        mengalami penurunan nilai. Jika terdapat                                              be impaired. If any such indication exists or
        indikasi tersebut atau pada saat pengujian                                            when annual impairment testing for an asset
        penurunan nilai aset (yaitu aset takberwujud                                          (i.e. an intangible asset with an indefinite useful
        dengan umur manfaat tidak terbatas, aset                                              life, an intangible asset not yet available for use,
        takberwujud yang belum dapat digunakan,                                               or goodwill acquired in a business combination)
        atau goodwill yang diperoleh dalam suatu                                              is required, the Group makes an estimate of the
        kombinasi bisnis) diperlukan, maka Grup                                               asset’s recoverable amount.
        membuat estimasi formal jumlah terpulihkan
        aset tersebut.




                                                                    55
Page 400
                                                                    The original consolidated financial statements included herein
                                                                                                  are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                             PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                                    AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                                NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                            As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                                   For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                                 (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                            Unless Otherwise Stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                        2.    SUMMARY     OF  MATERIAL     ACCOUNTING
     MATERIAL (lanjutan)                                                 POLICIES INFORMATION (continued)

     n.    Penurunan      Nilai   Aset    Non-keuangan                   n.   Impairment      of     Non-financial        Assets
          (lanjutan)                                                          (continued)

          Jumlah terpulihkan yang ditentukan untuk aset                       An asset’s recoverable amount is the higher of
          individual adalah jumlah yang lebih tinggi                          the asset’s or CGU’s fair value less costs to sell
          antara nilai wajar aset atau UPK dikurangi                          and its value in use, and is determined for an
          biaya untuk menjual dengan nilai pakainya,                          individual asset, unless the asset does not
          kecuali aset tersebut tidak menghasilkan arus                       generate cash inflows that are largely
          kas masuk yang sebagian besar independen                            independent of those from other assets or
          dari aset atau kelompok aset lain. Jika nilai                       groups of assets. Where the carrying amount of
          tercatat aset lebih besar daripada nilai                            an asset exceeds its recoverable amount, the
          terpulihkannya,      maka      aset      tersebut                   asset is considered impaired and is written
          dipertimbangkan mengalami penurunan nilai                           down to its recoverable amount. Impairment
          dan nilai tercatat aset diturunkan nilai menjadi                    losses of continuing operations are recognized
          sebesar nilai terpulihkannya. Rugi penurunan                        in the consolidated statement of profit or loss
          nilai dari operasi yang berkelanjutan diakui                        and other comprehensive income as
          pada laporan laba rugi dan penghasilan                              “Impairment Losses”. In assessing the value in
          komprehensif lain konsolidasian sebagai biaya                       use, the estimated net future cash flows are
          “Rugi Penurunan Nilai”. Dalam menghitung                            discounted to their present value using a pre-tax
          nilai pakai, estimasi arus kas masa depan neto                      discount rate that reflects current market
          didiskontokan      ke    nilai   kini     dengan                    assessments of the time value of money and the
          menggunakan tingkat diskonto sebelum pajak                          risks specific to the asset.
          yang menggambarkan penilaian pasar kini dari
          nilai waktu uang dan risiko spesifik atas aset.

          Dalam menghitung nilai pakai, estimasi arus                         In assessing the value in use, the estimated net
          kas masa depan neto didiskontokan ke nilai kini                     future cash flows are discounted to their
          dengan menggunakan tingkat diskonto                                 present value using a pre-tax discount rate that
          sebelum pajak yang menggambarkan penilaian                          reflects current market assessments of the
          pasar kini dari nilai waktu uang dan risiko                         time value of money and the risks specific to
          spesifik atas aset. Dalam menentukan nilai                          the asset. In determining fair value less costs
          wajar dikurangi biaya untuk menjual,                                to sell, recent market transactions are taken
          digunakan harga penawaran pasar terakhir,                           into account, if available. If no such
          jika tersedia. Jika tidak terdapat transaksi                        transactions can be identified, an appropriate
          tersebut, Grup menggunakan model penilaian                          valuation model is used to determine the fair
          yang sesuai untuk menentukan nilai wajar aset.                      value of the assets. These calculations are
          Perhitungan-perhitungan ini dikuatkan oleh                          corroborated by valuation multiples or other
          penilaian berganda atau indikator nilai wajar                       available fair value indicators.
          yang tersedia.




                                                              56
Page 401
                                                                  The original consolidated financial statements included herein
                                                                                                are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                           PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                              NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                          As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                                 For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                               (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                          Unless Otherwise Stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                      2.    SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                               POLICIES INFORMATION (continued)

     n.   Penurunan       Nilai    Aset     Non-keuangan               n.   Impairment      of     Non-financial       Assets
          (lanjutan)                                                        (continued)

          Kerugian penurunan nilai dari operasi yang                        Impairment losses of continuing operations, if
          berkelanjutan, jika ada, diakui pada laba rugi                    any, are recognized in the profit or loss in
          sesuai dengan kategori biaya yang konsisten                       those expense categories consistent with the
          dengan fungsi dari aset yang diturunkan                           functions of the impaired asset.
          nilainya.

          Untuk aset selain goodwill, penilaian dilakukan                   For assets excluding goodwill, an assessment is
          pada akhir setiap tanggal pelaporan apakah                        made at each reporting date as to whether there
          terdapat indikasi bahwa rugi penurunan nilai                      is any indication that previously recognized
          yang telah diakui dalam tahun sebelumnya                          impairment losses may no longer exist or may
          mungkin tidak ada lagi atau mungkin telah                         have decreased. If such indication exists, the
          menurun. Jika indikasi dimaksud ditemukan,                        asset’s or CGU’s recoverable amount is
          maka entitas mengestimasi jumlah terpulihkan                      estimated. A previously recognized impairment
          aset atau UPK tersebut. Kerugian penurunan                        loss for an asset other than goodwill is reversed
          nilai yang telah diakui dalam tahun sebelumnya                    only if there has been a change in the
          untuk aset selain goodwill dibalik hanya jika                     assumptions used to determine the asset’s
          terdapat perubahan asumsi-asumsi yang                             recoverable amount since the last impairment
          digunakan       untuk     menentukan       jumlah                 loss was recognized. If that is the case, the
          terpulihkan aset tersebut sejak rugi penurunan                    carrying amount of the asset is increased to its
          nilai terakhir diakui. Dalam hal ini, jumlah                      recoverable amount. The reversal is limited so
          tercatat     aset     dinaikkan     ke     jumlah                 that the carrying amount of the assets does not
          terpulihkannya. Pembalikan tersebut dibatasi                      exceed its recoverable amount, nor exceed the
          sehingga jumlah tercatat aset tidak melebihi                      carrying amount that would have been
          jumlah terpulihkannya maupun jumlah tercatat,                     determined, net of depreciation, had no
          neto setelah penyusutan, seandainya tidak ada                     impairment loss been recognized for the asset
          rugi penurunan nilai yang telah diakui untuk                      in prior periods/years. Reversal of an
          aset tersebut pada peride/tahun sebelumnya.                       impairment loss is recognized in the profit or
          Pembalikan rugi penurunan nilai diakui pada                       loss. After such a reversal, the depreciation
          laba rugi. Setelah pembalikan tersebut,                           charge on the said asset is adjusted in future
          penyusutan aset tersebut disesuaikan di                           periods to allocate the asset’s revised carrying
          periode mendatang untuk mengalokasikan                            amount, less any residual value, on a systematic
          jumlah tercatat aset yang direvisi, dikurangi nilai               basis over its remaining useful life.
          sisanya, dengan dasar yang sistematis selama
          sisa umur manfaatnya.

          Goodwill diuji untuk penurunan nilai setiap akhir                 Goodwill is tested for impairment in each
          periode pelaporan dan ketika terdapat suatu                       reporting period and when circumstances
          indikasi bahwa nilai tercatatnya mengalami                        indicate that the carrying value may be impaired.
          penurunan nilai. Penurunan nilai bagi goodwill                    Impairment is determined for goodwill by
          ditetapkan dengan menentukan jumlah                               assessing the recoverable amount of each CGU
          terpulihkan tiap UPK (atau kelompok UPK)                          (or group of CGUs) to which the goodwill relates.
          dimana goodwill terkait. Jika jumlah terpulihkan                  If the recoverable amount of the CGU is less
          UPK kurang dari jumlah tercatatnya, maka rugi                     than its carrying amount, an impairment loss is
          penurunan nilai diakui. Rugi penurunan nilai                      recognized. Impairment losses relating to
          terkait goodwill tidak dapat dibalik pada periode                 goodwill cannot be reversed in future periods.
          berikutnya.




                                                            57
Page 402
                                                                 The original consolidated financial statements included herein
                                                                                               are in the Indonesian language.

         PT ERAJAYA SWASEMBADA Tbk                                      PT ERAJAYA SWASEMBADA Tbk
             DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN                                         NOTES TO THE CONSOLIDATED
          KEUANGAN KONSOLIDASIAN                                            FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                     As of December 31, 2023 and
 Untuk Tahun yang Berakhir pada Tanggal Tersebut                            For the Year Then Ended
         (Disajikan dalam Ribuan Rupiah,                          (Expressed in Thousands of Indonesian Rupiah,
               Kecuali Dinyatakan Lain)                                     Unless Otherwise Stated)


2.   IKHTISAR    INFORMASI         KEBIJAKAN                     2.   SUMMARY OF MATERIAL ACCOUNTING
     AKUNTANSI MATERIAL (lanjutan)                                    POLICIES INFORMATION (continued)

     o. Provisi                                                       o.   Provision

        Provisi diakui jika Grup memiliki kewajiban kini                   Provisions are recognized when the Group has
        (baik bersifat hukum maupun bersifat                               a present obligation (legal or constructive)
        konstruktif) jika, sebagai akibat peristiwa masa                   where, as a result of a past event, it is probable
        lalu,   besar      kemungkinan      penyelesaian                   that an outflow of resources embodying
        kewajiban tersebut mengakibatkan arus keluar                       economic benefits will be required to settle the
        sumber daya yang mengandung manfaat                                obligation and a reliable estimate can be made
        ekonomi dan total kewajiban tersebut dapat                         of the amount of the obligation.
        diestimasi secara andal.

        Provisi ditelaah pada setiap tanggal pelaporan                     Provisions are reviewed at each reporting date
        dan disesuaikan untuk mencerminkan estimasi                        and adjusted to reflect the current best
        terbaik yang paling kini. Jika arus keluar sumber                  estimate. If it is no longer probable that an
        daya     untuk     menyelesaikan        kewajiban                  outflow of resources embodying economic
        kemungkinan besar tidak terjadi, maka provisi                      benefits will be required to settle the obligation,
        dibatalkan.                                                        the provision is reversed.

        Provisi untuk biaya pembongkaran aset                              Provision for asset dismantling costs is
        diestimasi berdasarkan beberapa asumsi dan                         estimated based on certain assumptions and
        disajikan pada nilai wajar sesuai dengan tingkat                   carried at fair value based on applicable
        diskonto yang berlaku.                                             discount rates.

     p. Pendapatan dari Kontrak dengan Pelanggan                      p.   Revenue from Contracts with Customers
        dan Pengakuan Beban                                                and Recognition of Expenses

        Grup telah mengadopsi PSAK 72 “Pendapatan                          The Group has adopted PSAK 72 “Revenue
        dari Kontrak dengan Pelanggan” yang                                from Contracts with Customers” which requires
        mengsyaratkan pengakuan pendapatan untuk                           revenue recognition to fulfill 5 (five) steps of
        memenuhi 5 (lima) langkah penilaian sebagai                        assessment as follows:
        berikut:
        1. Mengidentifikasi        kontrak         dengan                  1.   Identify contract(s) with a customer.
             pelanggan.
        2. Mengidentifikasi kewajiban pelaksanaan                          2.   Identify the performance obligations in the
             atas kontrak. Kewajiban pelaksanaan                                contract. Performance obligations are
             adalah perjanjian dalam sebuah kontrak                             promises in a contract to transfer to a
             untuk mentransfer barang atau jasa yang                            customer goods or services that are
             berbeda kepada pelanggan.                                          distinct.
        3. Menentukan harga transaksi, setelah                             3.   Determine the transaction price, net of
             dikurangi diskon, retur, insentif penjualan                        discounts, returns, sales incentives and
             dan pajak pertambahan nilai, dimana                                value added tax, which an entity expects to
             entitas berhak sebagai imbalan atas                                be entitled in exchange for transferring the
             transfer barang atau jasa kepada                                   promised goods or services to a customer.
             pelanggan.
        4. Mengalokasikan harga transaksi pada                             4.   Allocate the transaction price to each
             setiap kewajiban pelaksanaan dengan                                performance obligation on the basis of the
             basis harga jual berdiri sendiri relatif pada                      relative stand-alone selling prices of each
             setiap barang atau jasa yang berbeda                               distinct goods or services promised in the
             yang dijanjikan di dalam kontrak. Jika hal                         contract. When these are not directly
             ini tidak dapat diamati secara langsung,                           observable, the relative standalone selling
             harga jual berdiri sendiri relatif diestimasi                      price are estimated based on expected
             berdasarkan biaya yang diharapkan                                  cost plus margin.
             ditambah margin.



                                                            58
Page 403
                                                               The original consolidated financial statements included herein
                                                                                             are in the Indonesian language.

         PT ERAJAYA SWASEMBADA Tbk                                    PT ERAJAYA SWASEMBADA Tbk
             DAN ENTITAS ANAKNYA                                           AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN                                       NOTES TO THE CONSOLIDATED
          KEUANGAN KONSOLIDASIAN                                          FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                   As of December 31, 2023 and
 Untuk Tahun yang Berakhir pada Tanggal Tersebut                          For the Year Then Ended
         (Disajikan dalam Ribuan Rupiah,                        (Expressed in Thousands of Indonesian Rupiah,
               Kecuali Dinyatakan Lain)                                   Unless Otherwise Stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                    2.   SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                            POLICIES INFORMATION (continued)

     p. Pendapatan dari Kontrak dengan Pelanggan                    p.   Revenue from Contracts with Customers
        dan Pengakuan Beban (lanjutan)                                   and Recognition of Expenses (continued)

       Grup telah mengadopsi PSAK 72 “Pendapatan                         The Group has adopted PSAK 72 “Revenue
       dari Kontrak dengan Pelanggan” yang                               from Contracts with Customers” which requires
       mengsyaratkan pengakuan pendapatan untuk                          revenue recognition to fulfill 5 (five) steps of
       memenuhi 5 (lima) langkah penilaian sebagai                       assessment as follows: (continued)
       berikut: (lanjutan)
       5. Mengakui pendapatan ketika kewajiban                           5.   Recognize revenue when performance
           pelaksanaan telah terpenuhi dengan                                 obligation is satisfied by transferring a
           mentransfer barang atau jasa yang                                  promised goods or services to a customer
           dijanjikan kepada pelanggan (di mana                               (which is when the customer obtains
           adalah ketika pelanggan mendapatkan                                control of those goods or services).
           kontrol atas barang atau jasa tersebut).

       Pendapatan diakui ketika Grup memenuhi                            Revenue is recognized when the Group satisfy
       kewajiban pelaksanaan dengan mentransfer                          a performance obligation by transfering a
       barang atau jasa yang dijanjikan kepada                           promised good or service to the customer,
       pelanggan, di mana adalah ketika pelanggan                        which is when the customer obtains control of
       medapatkan kontrol atas barang atau jasa                          the good or service. A performance obligation
       tersebut.   Kewajiban   pelaksanaan      dapat                    may be satisfied at a point in time or over time.
       terpenuhi pada suatu waktu atau seiring waktu.                    The amount of revenue recognized is the
       Jumlah revenue yang diakui adalah jumlah yang                     amount allocated to the satisfied performance
       dialokasikan untuk memenuhi kewajiban                             obligation.
       pelaksanaan.

       Jika pelanggan membayar imbalan sebelum                           If a customer pays consideration before the
       Grup mengalihkan barang atau jasa kepada                          Group transfers goods or services to the
       pelanggan, liabilitas kontrak diakui pada saat                    customer, a contract liability is recognized
       pembayaran dilakukan atau pembayaran                              when the payment is made or the payment is
       imbalan jatuh tempo (mana yang lebih awal).                       due (whichever is earlier). Contract liabilities
       Liabilitas kontrak diakui sebagai pendapatan                      are recognized as revenue when the the Group
       pada saat Grup telah memenuhi apa yang harus                      performs under the contract. The contract
       dilaksanakan sesuai kontrak. Liabilitas kontrak                   liability is presented as part of “Other Payables”
       tersebut disajikan sebagai bagian dari “Utang                     and “Deferred Income” in the consolidated
       Lain-lain” dan “Pendapatan Diterima Di Muka”                      statement of financial position.
       pada laporan posisi keuangan konsolidasian.

       Untuk semua instrumen keuangan yang diukur                        For all financial instruments measured at
       pada biaya perolehan diamortisasi, penghasilan                    amortized cost, interest income or expense is
       atau beban bunga dicatat dengan menggunakan                       recorded using the EIR, which is the rate that
       metode SBE, yaitu tingkat suku bunga                              exactly discounts the estimated future cash
       digunakan mendiskontokan secara tepat                             payments or receipts over the expected life of
       estimasi pembayaran atau penerimaan arus kas                      the financial instrument or a shorter period,
       di masa yang akan datang selama umur                              where appropriate, to the net carrying amount of
       ekpektasian dari instrumen keuangan, atau jika                    the financial asset or liability.
       lebih sesuai, selama periode yang lebih singkat,
       untuk jumlah tercatat neto dari aset atau liabilitas
       keuangan.

       Beban diakui pada saat terjadinya.                                Expenses are recognized when they are
                                                                         incurred.




                                                          59
Page 404
                                                                The original consolidated financial statements included herein
                                                                                              are in the Indonesian language.

         PT ERAJAYA SWASEMBADA Tbk                                     PT ERAJAYA SWASEMBADA Tbk
             DAN ENTITAS ANAKNYA                                            AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN                                        NOTES TO THE CONSOLIDATED
          KEUANGAN KONSOLIDASIAN                                           FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                    As of December 31, 2023 and
 Untuk Tahun yang Berakhir pada Tanggal Tersebut                           For the Year Then Ended
         (Disajikan dalam Ribuan Rupiah,                         (Expressed in Thousands of Indonesian Rupiah,
               Kecuali Dinyatakan Lain)                                    Unless Otherwise Stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                     2.    SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                              POLICIES INFORMATION (continued)

     q. Biaya Emisi Obligasi                                           q. Bonds Issuance Cost

         Biaya emisi obligasi dikurangkan dari hasil                        Bonds issuance costs are directly deducted from
         penerbitan obligasi dalam laporan posisi                           the issue proceeds in the consolidated
         keuangan konsolidasian sebagai diskonto dan                        statement of financial position as a discount and
         diamortisasi menggunakan metode SBE                                are amortized using the EIR method over the
         selama jangka waktu obligasi. Biaya emisi                          period of the bonds. Issuance costs of
         obligasi wajib tukar dicatat sebagai pengurang                     mandatory convertible bond are accounted for
         modal.                                                             as a deduction from equity.

     r. Transaksi dan Saldo dalam Mata Uang Asing                     r.     Foreign  Currency         Transactions      and
                                                                             Balances

        Mata uang pelaporan yang digunakan pada                             The reporting currency used in the consolidated
        laporan keuangan konsolidasian adalah                               financial statements is Indonesian Rupiah,
        Rupiah, yang juga merupakan mata uang                               which is also each entity’s in the Group
        fungsional setiap entitas dalam Grup, kecuali                       functional currency, except for certain
        entitas anak yang tidak berada di Indonesia.                        subsidiaries who is not located in Indonesia.
        Tiap entitas dalam Grup menentukan mata                             Each entity in the Group determines its own
        uang fungsionalnya masing-masing dan                                functional currency and their financial
        laporan keuangannya masing-masing diukur                            statements are measured using that functional
        menggunakan mata uang fungsional tersebut.                          currency.

        Transaksi dalam mata uang asing dicatat dalam                       Transactions involving foreign currencies are
        Rupiah berdasarkan kurs yang berlaku pada                           recorded in Indonesian Rupiah at the rates of
        saat transaksi dilakukan. Pada tanggal                              exchange prevailing at the time the transactions
        pelaporan, aset dan liabilitas moneter dalam                        are made. At the reporting date, monetary
        mata uang asing dijabarkan sesuai dengan                            assets and liabilities denominated in foreign
        rata-rata kurs jual dan beli yang diterbitkan oleh                  currencies are adjusted to reflect the average of
        Bank Indonesia pada tanggal transaksi                               the selling and buying rates of exchange
        perbankan terakhir untuk periode yang                               prevailing at the last banking transaction date of
        bersangkutan, dan laba atau rugi kurs yang                          the period, as published by Bank Indonesia, and
        timbul, dikreditkan atau dibebankan pada                            any resulting gains or losses are credited or
        operasi periode yang bersangkutan.                                  charged to operations of the current period.

        Nilai tukar yang digunakan untuk mata uang                          The exchanges rate used for foreign currencies
        asing adalah sebagai berikut:                                       are as follow:


                                                 31 Desember/December 31

                                                  2023               2022

        Dolar Amerika Serikat                         15.416                15.731                        United States Dollar
        Dolar Singapura                               11.712                11.659                           Singapore Dollar
        Ringgit Malaysia                               3.342                 3.556                         Malaysian Ringgit
        Yuan China                                     2.170                 2.257                              Chinese Yuan
        Dolar Hong Kong                                1.973                 2.019                          Hong Kong Dollar

        Transaksi dalam mata uang asing selain                              Transactions in foreign currencies other than
        yang disebutkan di atas tidak signifikan.                           mention above are not significant.




                                                         60
Page 405
                                                            The original consolidated financial statements included herein
                                                                                          are in the Indonesian language.

         PT ERAJAYA SWASEMBADA Tbk                                 PT ERAJAYA SWASEMBADA Tbk
             DAN ENTITAS ANAKNYA                                        AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN                                    NOTES TO THE CONSOLIDATED
          KEUANGAN KONSOLIDASIAN                                       FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                As of December 31, 2023 and
 Untuk Tahun yang Berakhir pada Tanggal Tersebut                       For the Year Then Ended
         (Disajikan dalam Ribuan Rupiah,                     (Expressed in Thousands of Indonesian Rupiah,
               Kecuali Dinyatakan Lain)                                Unless Otherwise Stated)


2.   IKHTISAR    INFORMASI         KEBIJAKAN                2.   SUMMARY OF MATERIAL ACCOUNTING
     AKUNTANSI MATERIAL (lanjutan)                               POLICIES INFORMATION (continued)

     r. Transaksi dan Saldo dalam Mata Uang Asing                r.   Foreign    Currency        Transactions        and
        (lanjutan)                                                    Balances (continued)

        Akun-akun dari entitas anak luar negeri                       The accounts of foreign subsidiaries are
        dijabarkan dari mata uang pelaporannya                        translated from its respective reporting currency
        menjadi Rupiah dengan dasar sebagai berikut:                  into Indonesian Rupiah on the following basis:
        a) Aset dan liabilitas, baik moneter maupun                   a) Assets and liabilities, both monetary and
            non-moneter,        dijabarkan     dengan                     non-monetary, are translated using the
            menggunakan kurs penutup.                                     closing rate of exchange.
        b) Pendapatan dan beban dijabarkan dengan                     b) Revenues and expenses are translated
            menggunakan kurs yang berlaku pada saat                       using transactions date exchange rate.
            transaksi dilakukan
        c) Selisih kurs yang terjadi disajikan sebagai                c) The resulting exchange difference is
            “Penghasilan Komprehensif Lain - Selisih                     presented as an “Other Comprehensive
            Kurs atas Penjabaran Akun-akun Kegiatan                      Income - Exchange Differences on
            Usaha Luar Negeri” sebagai bagian dari                       Translation of the Accounts of Foreign
            ekuitas sampai pelepasan investasi neto                      Operations” in the equity section until
            yang bersangkutan.                                           disposal of the net investment.

        Grup mempertimbangkan indikator utama dan                     The Group considers the primary indicators
        indikator lainnya dalam menentukan mata uang                  and other indicators in determining its
        fungsionalnya, jika ada indikator yang tercampur              functional currency, if indicators are mixed and
        dan mata uang fungsional tidak jelas,                         the functional currency is not obvious,
        manajemen menggunakan penilaian untuk                         management uses its judgements to determine
        menentukan mata uang fungsional yang paling                   the functional currency that most faithfully
        tepat menggambarkan pengaruh ekonomi dari                     represents the economic effects of the
        transaksi,    kejadian    dan     kondisi   yang              underlying transactions, events and conditions.
        mendasarinya.

     s. Perpajakan                                               s.   Taxation

        Pajak Kini                                                    Current Tax

        Aset dan liabilitas pajak kini untuk periode                  Current income tax assets and liabilities for the
        berjalan diukur sebesar jumlah yang diharapkan                current period are measured at the amount
        dapat direstitusi dari atau dibayarkan kepada                 expected to be recovered from or paid to the
        otoritas perpajakan. Tarif pajak dan peraturan                taxation authority. The tax rates and tax laws
        pajak yang digunakan untuk menghitung jumlah                  used to compute the amount are those that have
        tersebut adalah yang telah berlaku atau secara                been enacted or substantively enacted as at the
        substantif telah berlaku pada tanggal pelaporan               reporting date in the countries where the Group
        di negara tempat Grup beroperasi dan                          operates and generates taxable income.
        menghasilkan pendapatan kena pajak.

        Bunga dan denda disajikan sebagai bagian dari                 Interests and penalties are presented as part of
        penghasilan atau beban operasi lain karena                    other operating income or expenses since they
        tidak dianggap sebagai bagian dari beban pajak                are not considered as part of the income tax
        penghasilan.                                                  expense.




                                                       61
Page 406
                                                               The original consolidated financial statements included herein
                                                                                             are in the Indonesian language.

         PT ERAJAYA SWASEMBADA Tbk                                    PT ERAJAYA SWASEMBADA Tbk
             DAN ENTITAS ANAKNYA                                           AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN                                       NOTES TO THE CONSOLIDATED
          KEUANGAN KONSOLIDASIAN                                          FINANCIAL STATEMENTS
          Tanggal 31 Desember 2023 dan                                   As of December 31, 2023 and
 Untuk Tahun yang Berakhir pada Tanggal Tersebut                          For the Year Then Ended
         (Disajikan dalam Ribuan Rupiah,                        (Expressed in Thousands of Indonesian Rupiah,
               Kecuali Dinyatakan Lain)                                   Unless Otherwise Stated)


2.   IKHTISAR    INFORMASI         KEBIJAKAN                   2.   SUMMARY OF MATERIAL ACCOUNTING
     AKUNTANSI MATERIAL (lanjutan)                                  POLICIES INFORMATION (continued)

     s. Perpajakan (lanjutan)                                       s.   Taxation (continued)

         Pajak Kini (lanjutan)                                           Current Tax (continued)

         Pajak penghasilan kini terkait dengan pos-pos                   Current income tax relating to items recognized
         yang diakui secara langsung di ekuitas diakui                   directly in equity is recognized in equity and not
         dalam ekuitas dan bukan dalam laporan laba                      in the statement of profit or loss. Management
         rugi. Manajemen secara berkala mengevaluasi                     periodically evaluates positions taken in the tax
         posisi yang diambil dalam Surat Pemberitahuan                   returns with respect to situations in which
         Tahunan (SPT) sehubungan dengan situasi di                      applicable tax regulations are subject to
         mana peraturan perpajakan yang berlaku                          interpretation and establishes provisions where
         tunduk pada interpretasi dan menetapkan                         appropriate.
         ketentuan yang sesuai.

         Pajak Tangguhan                                                 Deferred Tax

         Pajak tangguhan diakui dengan menggunakan                       Deferred tax is provided using the liability
         metode liabilitas atas perbedaan temporer pada                  method on temporary differences at the
         tanggal pelaporan antara dasar pengenaan                        reporting date between the tax bases of assets
         pajak dari aset dan liabilitas dan jumlah                       and liabilities and their carrying amounts for
         tercatatnya untuk tujuan pelaporan keuangan                     financial reporting purposes at the reporting
         pada tanggal pelaporan.                                         date.

         Liabilitas pajak tangguhan diakui untuk semua                   Deferred tax liabilities are recognized for all
         perbedaan temporer yang kena pajak, kecuali:                    taxable temporary differences, except:
         i) liabilitas pajak tangguhan yang terjadi dari                  i) where the deferred tax liability arises from
             pengakuan awal goodwill atau dari aset atau                      the initial recognition of goodwill or of an
             liabilitas dari transaksi yang bukan transaksi                   asset or liability in a transaction that is not a
             kombinasi bisnis, dan pada waktu transaksi                       business combination and, at the time of the
             tidak mempengaruhi laba akuntansi dan                            transaction, affects neither the accounting
             laba kena pajak/rugi pajak;                                      profit nor taxable profit or loss;
         ii) dari perbedaan temporer kena pajak atas                      ii) in respect of taxable temporary differences
             investasi pada entitas anak, yang saat                            associated with investments in subsidiaries,
             pembalikannya dapat dikendalikan dan                              when the timing of the reversal of the
             besar kemungkinannya bahwa beda                                   temporary differences can be controlled and
             temporer itu tidak akan dibalik dalam waktu                       it is probable that the temporary differences
             dekat.                                                            will not reverse in the foreseeable future.

         Jumlah tercatat aset pajak tangguhan ditelaah                   The carrying amount of a deferred tax asset is
         pada setiap tanggal pelaporan dan diturunkan                    reviewed at each reporting date and reduced to
         apabila laba kena pajak mungkin tidak memadai                   the extent that it is no longer probable that
         untuk mengkompensasi sebagian atau semua                        sufficient taxable profit will be available to allow
         manfaat aset pajak tangguhan. Aset pajak                        all or part of the benefit of that deferred tax asset
         tangguhan yang tidak diakui ditinjau ulang pada                 to be utilized. Unrecognized deferred tax assets
         setiap tanggal pelaporan dan akan diakui                        are reassessed at each reporting date and are
         apabila besar kemungkinan bahwa laba kena                       recognized to the extent that it has become
         pajak pada masa yang akan datang akan                           probable that future taxable profit will allow the
         tersedia untuk pemulihannya.                                    deferred tax assets to be recovered.




                                                          62
Page 407
                                                                The original consolidated financial statements included herein
                                                                                              are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                         PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                            NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                               FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                        As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                               For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                             (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                    2.    SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                             POLICIES INFORMATION (continued)

     s. Perpajakan (lanjutan)                                        s.   Taxation (continued)

         Pajak Tangguhan (lanjutan)                                       Deferred Tax (continued)

         Aset dan liabilitas pajak tangguhan diukur                       Deferred tax assets and liabilities are measured
         dengan menggunakan tarif pajak yang                              at the tax rates that are expected to apply to the
         diperkirakan akan berlaku pada tahun saat aset                   year when the asset is realized or the liability is
         dipulihkan     atau    liabilitas diselesaikan                   settled, based on tax rates and tax laws that
         berdasarkan tarif pajak dan peraturan pajak                      have been enacted or substantively enacted as
         yang telah berlaku atau yang secara substantif                   at the reporting date.
         telah berlaku pada tanggal pelaporan.

         Pajak tangguhan terkait dengan pos-pos yang                      Deferred tax relating to items recognized outside
         diakui di luar laba rugi diakui di luar laba rugi.               profit or loss is recognized outside profit or loss.
         Item pajak tangguhan diakui sesuai dengan                        Deferred tax items are recognized in correlation
         transaksi yang mendasarinya baik di                              to the underlying transaction either in Other
         Penghasilan Komprehensif Lain maupun                             Comprehensive Income or directly in equity.
         secara langsung di ekuitas.

         Manfaat pajak yang diperoleh sebagai bagian                      Tax benefits acquired as part of a business
         dari kombinasi bisnis, tetapi tidak memenuhi                     combination, but not satisfying the criteria for
         kriteria untuk pengakuan terpisah pada tanggal                   separate recognition at that date, are
         tersebut, diakui selanjutnya jika informasi baru                 recognised subsequently if new information
         tentang fakta dan keadaan berubah.                               about facts and circumstances change. The
         Penyesuaian tersebut diperlakukan sebagai                        adjustment is either treated as a reduction in
         pengurangan goodwill (selama tidak melebihi                      goodwill (as long as it does not exceed
         goodwill)     jika terjadi    selama     periode                 goodwill) if it was incurred during the
         pengukuran atau diakui dalam laba rugi.                          measurement period or recognized in profit or
                                                                          loss.

         Grup melakukan saling hapus aset pajak                            The Group offsets deferred tax assets and
         tangguhan dan liabilitas pajak tangguhan jika                     deferred tax liabilities if and only if it has a
         dan hanya jika memiliki hak yang berkekuatan                      legally enforceable right to set off current tax
         hukum untuk saling hapus aset pajak kini dan                      assets and current tax liabilities and the
         liabilitas pajak kini dan aset pajak tangguhan                    deferred tax assets and deferred tax liabilities
         dan liabilitas pajak tangguhan terkait dengan                     relate to income taxes levied by the same
         pajak penghasilan yang dikenakan oleh otoritas                    taxation authority on either the same taxable
         perpajakan yang sama atas baik entitas kena                       entity or different taxable entities which intend
         pajak yang sama atau entitas kena pajak yang                      either to settle current tax liabilities and assets
         berbeda yang bermaksud untuk menyelesaikan                        on a net basis, or to realise the assets and
         liabilitas dan aset pajak kini secara neto, atau                  settle the liabilities simultaneously, in each
         untuk merealisasikan aset dan menyelesaikan                       future period in which significant amounts of
         liabilitas secara bersamaan, pada setiap                          deferred tax liabilities or assets are expected
         periode masa depan di mana jumlah liabilitas                      to be settled or recovered.
         atau aset pajak tangguhan yang signifikan
         diharapkan untuk diselesaikan atau dipulihkan.




                                                          63
Page 408
                                                                The original consolidated financial statements included herein
                                                                                              are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                         PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                            NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                               FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                        As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                               For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                             (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                    2.    SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                             POLICIES INFORMATION (continued)

     s. Perpajakan (lanjutan)                                        s.   Taxation (continued)

          Pajak Pertambahan Nilai                                         Value Added Tax

          Pendapatan, beban-beban dan aset-aset diakui                    Revenue, expenses and assets are recognized
          neto atas jumlah PPN kecuali:                                   net of the amount of VAT except:
           PPN yang muncul dari pembelian aset atau                       Where the VAT incurred on a purchase of
             jasa yang tidak dapat dikreditkan, yang                          assets or services is not recoverable, in
             dalam hal ini PPN diakui sebagai bagian dari                     which case the VAT is recognized as part of
             biaya perolehan aset atau sebagai bagian                         the cost of acquisition of the asset or as part
             dari item beban-beban yang terkait; dan                          of the expense item as applicable; and
           Piutang dan utang yang disajikan termasuk                      Receivables and payables that are stated
             dengan jumlah PPN.                                               with the amount of VAT included.

          Jumlah PPN neto yang diajukan untuk                             The net amount of VAT which is claimed for
          direstitusi, atau terutang kepada, kantor pajak                 restitution from, or payable to, the taxation
          termasuk sebagai bagian dari aset atau liabilitas               authorities is included as part of assets or
          pada laporan posisi keuangan konsolidasian.                     liabilities in the consolidated statement of
                                                                          financial position.

          Pajak Final                                                     Final Tax

          Sesuai peraturan perpajakan di Indonesia,                       In accordance with the tax regulation in
          pajak final dikenakan atas nilai bruto transaksi,               Indonesia, final tax is applied to the gross value
          dan tetap dikenakan walaupun atas transaksi                     of transactions, even when the parties carrying
          tersebut pelaku transaksi mengalami kerugian.                   the transaction recognizing losses.

          Pajak final tidak termasuk dalam lingkup yang                   Final tax is scoped out from PSAK 46: Income
          diatur oleh PSAK 46: Pajak Penghasilan.                         Tax.

     t.   Imbalan Kerja                                               t. Employee Benefits

          Grup mencatat penyisihan manfaat untuk                          The Group provides provisions on top of the
          memenuhi dan menutup imbalan minimum                            benefits provided under defined contribution
          yang harus dibayar kepada karyawan-karyawan                     pension programs in order to meet and cover the
          sesuai dengan Perjanjian Kerja Bersama dan                      minimum benefits required to be paid to the
          Peraturan         Pemerintah        Pengganti                   qualified employees under Collective Labor
          Undang-undang tentang Cipta Kerja No. 2/2022                    Agreement and Government Regulation in Lieu
          (“UU Cipta Kerja”, (UUCK)). Penyisihan                          of Law No. 2/2022 (the “Cipta Kerja Law”,
          tambahan      tersebut   diestimasi   dengan                    (UUCK)). The said additional provisions are
          menggunakan perhitungan aktuarial metode                        estimated using actuarial calculations using the
          “Projected Unit Credit”.                                        “Projected Unit Credit” method.

          Pengukuran kembali, terdiri atas keuntungan                     Re-measurements, comprising of actuarial
          dan kerugian aktuarial, segera diakui pada                      gains and losses, are recognized immediately in
          laporan posisi keuangan konsolidasian dengan                    the consolidated statement of financial position
          pengaruh langsung didebit atau dikreditkan                      with a corresponding debit or credit to retained
          kepada saldo laba melalui Penghasilan                           earnings through Other Comprehenshive
          Komprehensif Lain pada periode terjadinya.                      Income in the period in which they occur. Re-
          Pengukuran kembali tidak direklasifikasi ke laba                measurements are not reclassified to profit or
          rugi pada periode berikutnya.                                   loss in subsequent periods.




                                                          64
Page 409
                                                                 The original consolidated financial statements included herein
                                                                                               are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                          PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                             NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                         As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                                For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                              (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                         Unless Otherwise Stated)


2.    IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                    2.    SUMMARY OF MATERIAL ACCOUNTING
      MATERIAL (lanjutan)                                             POLICIES INFORMATION (continued)

      t.   Imbalan Kerja (lanjutan)                                    t. Employee Benefits (continued)

           Biaya jasa lalu harus diakui sebagai beban pada                Past service costs are recognized in profit or
           saat yang lebih awal antara:                                   loss at the earlier between:
           i)    ketika    program     amandemen atau                     i)   the date of the plan amendment or
                 kurtailmen terjadi; dan                                        curtailment, and
           ii)   ketika     entitas     mengakui     biaya                ii)   the date the Group recognizes related
                 restrukturisasi atau imbalan terminasi                         restructuring costs.
                 terkait.

           Bunga neto dihitung dengan menerapkan                          Net interest is calculated by applying the
           tingkat diskonto yang digunakan terhadap                       discount rate to the net defined benefit liability.
           liabilitas imbalan kerja. Grup mengakui                        The Group recognizes the following changes in
           perubahan berikut pada kewajiban obligasi neto                 the net defined benefit obligation under “Cost of
           pada akun “Beban Pokok Penjualan” dan                          Goods Sold” and “General and Administrative
           “Beban Umum dan Administrasi” pada laporan                     Expenses” as appropriate in the consolidated
           laba rugi dan penghasilan komprehensif lain                    statement of profit or loss and other
           konsolidasian:                                                 comprehensive income:
            i)     Biaya jasa terdiri atas biaya jasa kini,               i)   Service costs comprising current service
                   biaya jasa lalu, keuntungan atau kerugian                   costs, past-service costs, gains or losses
                   atas penyelesaian (curtailment) tidak                       on      curtailments    and     non-routine
                   rutin, dan                                                  settlements, and
           ii)     Beban atau penghasilan bunga neto.                     ii)  Net interest expense or income.

     u.    Laba per Saham                                            u.   Earnings per Share

           Laba per saham dihitung berdasarkan rata-rata                  Earnings per share is computed based on the
           tertimbang jumlah saham yang beredar selama                    weighted average number of issued and fully
           periode yang bersangkutan.                                     paid shares during the period.

           Perusahaan tidak mempunyai efek berpotensi                     The Company has no outstanding dilutive
           saham biasa yang bersifat dilutif pada tanggal                 potential ordinary shares as of December 31,
           31 Desember 2023.                                              2023.

     v.    Saham Tresuri                                             v.   Treasury Stock

           Instrumen ekuitas sendiri yang diperoleh                       Own equity instruments that are reacquired
           kembali (saham tresuri) diakui pada harga                      (treasury stock) are recognized at reacquisition
           perolehan kembali dan dikurangi dari ekuitas.                  cost and deducted from equity. No gain or loss
           Tidak ada laba atau rugi yang diakui pada laba                 is recognized in profit or loss on the purchase,
           rugi atas perolehan, penjualan kembali,                        sale, issue or cancellation of the Group’s own
           penerbitan atau pembatalan dari instrumen                      equity instruments. Any difference between the
           ekuitas Grup. Selisih antara jumlah tercatat dan               carrying amount and the consideration, if
           penerimaan, bila diterbitkan kembali, diakui                   reissued, is recognized as part of additional
           sebagai bagian dari tambahan modal disetor                     paid-in capital in the equity.
           pada ekuitas.




                                                           65
Page 410
                                                              The original consolidated financial statements included herein
                                                                                            are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                       PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                          NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                             FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                      As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                             For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                           (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                  2.    SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                           POLICIES INFORMATION (continued)

     w.   Informasi Segmen                                         w.   Segment Information

          Untuk tujuan manajemen, Grup dibagi menjadi                   For management purposes, the Group is
          dua segmen operasi berdasarkan produk dan                     organized into two operating segments based
          jasa yang dikelola secara independen oleh                     on their products and services which are
          masing-masing pengelola segmen yang                           independently managed by the respective
          bertanggung jawab atas kinerja dari                           segment managers responsible for the
          masing-masing segmen. Para pengelola                          performance of the respective segments under
          segmen melaporkan secara langsung kepada                      their charge. The segment managers report
          manajemen Perusahaan yang secara teratur                      directly to the management who regularly review
          mengkaji laba segmen sebagai dasar untuk                      the segment results in order to allocate
          mengalokasikan     sumber      daya      ke                   resources to the segments and to assess the
          masing-masing segmen dan untuk menilai                        segment performance.
          kinerja segmen.


3.   SUMBER ESTIMASI KETIDAKPASTIAN                          3.    SOURCE OF ESTIMATION UNCERTAINTY

     Penyusunan laporan keuangan konsolidasian Grup                The preparation of the Group’s consolidated
     mensyaratkan       manajemen      untuk membuat               financial statements requires management to make
     pertimbangan, estimasi dan asumsi yang                        judgments, estimates and assumptions that affect
     mempengaruhi jumlah yang dilaporkan dari                      the reported amounts of revenues, expenses,
     pendapatan, beban, aset dan liabilitas, serta                 assets and liabilities, and the disclosure of
     pengungkapan atas liabilitas kontinjensi, pada akhir          contingent liabilities, at the end of the reporting
     tahun pelaporan. Ketidakpastian mengenai asumsi               period. Uncertainty about these assumptions and
     dan estimasi tersebut dapat mengakibatkan                     estimates could result in outcomes that require a
     penyesuaian material terhadap nilai tercatat aset             material adjustment to the carrying amount of the
     dan liabilitas dalam periode pelaporan berikutnya.            asset and liability affected in future reporting
                                                                   periods.

     Pertimbangan                                                  Judgments

     Pertimbangan berikut ini dibuat oleh manajemen                The following judgments are made by management
     dalam rangka penerapan kebijakan akuntansi Grup               in the process of applying the Group’s accounting
     yang memiliki pengaruh paling signifikan atas                 policies that have the most significant effects on the
     jumlah yang diakui dalam laporan keuangan                     amounts recognized in the consolidated financial
     konsolidasian:                                                statements:

     Penentuan Mata Uang Fungsional                                 Determination of Functional Currency

     Mata uang fungsional dari Perusahaan dan setiap               The functional currency of the Company and each
     entitas anak adalah mata uang dari lingkungan                 of the subsidiaries is the currency of the primary
     ekonomi primer dimana entitas beroperasi. Mata                economic environment in which each entity
     uang tersebut adalah mata uang yang                           operates. It is the currency that mainly influences
     mempengaruhi pendapatan dan beban dari jasa                   the revenue and cost of rendering services.
     yang diberikan.




                                                        66
Page 411
                                                            The original consolidated financial statements included herein
                                                                                          are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                     PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                            AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                        NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                           FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                    As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                           For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                         (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                    Unless Otherwise Stated)


3.   SUMBER ESTIMASI KETIDAKPASTIAN                        3.    SOURCE OF ESTIMATION UNCERTAINTY

     Pertimbangan                                                Judgments

     Pertimbangan berikut ini dibuat oleh manajemen              The following judgments are made by management
     dalam rangka penerapan kebijakan akuntansi Grup             in the process of applying the Group’s accounting
     yang memiliki pengaruh paling signifikan atas               policies that have the most significant effects on the
     jumlah yang diakui dalam laporan keuangan                   amounts recognized in the consolidated financial
     konsolidasian: (lanjutan)                                   statements: (continued)

     Perpajakan                                                   Taxes

     Ketidakpastian atas interpretasi dari peraturan              Uncertainties exist with respect to the interpretation
     pajak yang kompleks, perubahan peraturan pajak               of complex tax regulations, changes in tax laws, and
     dan jumlah dan timbulnya penghasilan kena pajak              the amount and timing of future taxable income,
     di masa depan, dapat menyebabkan penyesuaian                 could necessitate future adjustments to tax income
     di masa depan atas penghasilan dan beban pajak               and expense already recorded.
     yang telah dicatat.

     Pertimbangan juga dilakukan dalam menentukan                 Judgment is also involved in determining the
     penyisihan atas pajak penghasilan badan.                     provision for corporate income tax. There are
     Terdapat transaksi dan perhitungan tertentu yang             certain transactions and computation for which the
     penentuan pajak akhirnya adalah tidak pasti                  ultimate tax determination is uncertain during the
     sepanjang kegiatan usaha normal.                             ordinary course of business.

     Grup mengakui liabilitas atas pajak penghasilan              The Group recognizes liabilities for expected
     badan berdasarkan estimasi apakah akan terdapat              corporate income tax issues based on estimates of
     tambahan pajak penghasilan badan. Penjelasan                 whether additional corporate income tax will be due.
     lebih  rinci  mengenai      pajak   penghasilan              Further details regarding taxation are disclosed in
     diungkapkan dalam Catatan 31.                                Note 31.

     Sewa                                                        Leases

     Grup tidak dapat menentukan suku bunga implisit             The Group cannot readily determine the interest rate
     dalam sewa, sehingga Grup menggunakan suku                  implicit in the lease, therefore, it uses its incremental
     bunga pinjaman tambahan (IBR) untuk mengukur                borrowing rate (IBR) to measure lease liabilities.
     liabilitas keuangan. IBR merupakan suku bunga               The IBR is the rate of interest that the Group would
     yang akan dibayar oleh Grup untuk meminjam                  have to pay to borrow over a similar term, and with
     selama masa serupa, dan dengan jaminan yang                 a similar security, the funds necessary to obtain an
     serupa, dana yang diperlukan untuk memperoleh               asset of a similar value to the right-of-use asset in a
     aset yang memiliki nilai yang serupa dengan aset            similar economic environment. The IBR therefore
     hak-guna dalam lingkungan ekonomik yang serupa.             reflects what the Group ‘would have to pay’, which
     IBR mencerminkan apa yang Grup “harus                       requires estimation when no observable rates are
     membayar”, yang membutuhkan estimasi ketika                 available or when they need to be adjusted to reflect
     suku bunga yang diamati tidak tersedia atau ketika          the terms and conditions of the lease.
     suku bunga tersebut memerlukan penyesuaian
     untuk mencerminkan syarat dan ketentuan dari
     sewa tersebut.




                                                      67
Page 412
                                                               The original consolidated financial statements included herein
                                                                                             are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                        PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                              FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                       As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                              For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                            (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


3.   SUMBER         ESTIMASI         KETIDAKPASTIAN           4.    SOURCE OF           ESTIMATION        UNCERTAINTY
     (lanjutan)                                                     (continued)

     Pertimbangan (lanjutan)                                        Judgments (continued)

     Pertimbangan berikut ini dibuat oleh manajemen                 The following judgments are made by management
     dalam rangka penerapan kebijakan akuntansi Grup                in the process of applying the Group’s accounting
     yang memiliki pengaruh paling signifikan atas                  policies that have the most significant effects on the
     jumlah yang diakui dalam laporan keuangan                      amounts recognized in the consolidated financial
     konsolidasian: (lanjutan)                                      statements: (continued)

     Klasifikasi Aset dan Liabilitas Keuangan                       Classification of Financial Assets and Liabilities

     Grup menetapkan klasifikasi atas aset dan liabilitas           The Group determines the classifications of certain
     tertentu sebagai aset dan liabilitas keuangan                  assets and liabilities as financial assets and financial
     dengan mempertimbangkan bila definisi yang                     liabilities by judging if they meet the definition set
     ditetapkan PSAK 71 terpenuhi. Dengan demikian,                 forth in PSAK 71. Accordingly, the financial assets
     aset keuangan dan liabilitas keuangan diakui sesuai            and financial liabilities are accounted for in
     dengan kebijakan akuntansi Grup seperti                        accordance with the Group’s accounting policies
     diungkapkan pada Catatan 2.                                    disclosed in Note 2.

     Penurunan Nilai Goodwill                                       Goodwill Impairment

     Uji penurunan nilai dilakukan apabila terdapat                 Impairment test is performed when certain
     indikasi penurunan nilai. Dalam hal ini, goodwill              impairment indicators are present. In case of
     tidak diamortisasi dan diuji untuk penurunan nilai             goodwill, such assets are not amortized and subject
     setiap akhir periode pelaporan dan jika terdapat               to annual impairment test and whenever there is an
     indikasi penurunan nilai. Manajemen harus                      indication that such asset may be impaired.
     menggunakan pertimbangan dalam mengestimasi                    Management has to use its judgment in estimating
     nilai terpulihkan dan menentukan adanya indikasi               the recoverable value and determining the amount
     penurunan nilai.                                               of impairment.

     Cadangan Penurunan Nilai Piutang Usaha                         Allowance for Impairment of Trade Receivables

     Apabila terdapat bukti objektif bahwa rugi                     If there is an objective evidence that an impairment
     penurunan nilai telah terjadi atas piutang (piutang            loss has been incurred on receivables (accounts
     usaha dan lainnya), Grup mengestimasi cadangan                 receivable trade and others), the Group estimates
     untuk kerugian penurunan nilai atas piutang yang               the allowance for impairment losses related to its
     secara khusus diidentifikasi ragu-ragu untuk ditagih.          receivables that are specifically identified as
     Tingkat cadangan ditelaah oleh manajemen dengan                doubtful for collection. The level of allowance is
     dasar faktor-faktor yang mempengaruhi tingkat                  evaluated by management on the basis of factors
     tertagihnya piutang tersebut.                                  that affect the collectibility of the receivables.

     Dalam kasus ini, Grup menggunakan pertimbangan                 In these cases, the Group uses judgment based on
     berdasarkan fakta-fakta terbaik yang tersedia dan              the best available facts and circumstances,
     situasi-situasi, termasuk tetapi tidak terbatas pada,          including but not limited to, the length of the Group’s
     jangka waktu hubungan Grup dengan pelanggan                    relationship with the customers and the customers’
     dan status kredit pelanggan berdasarkan laporan                credit status based on third-party credit reports and
     dari pihak ketiga dan faktor-faktor pasar yang telah           known market factors, to record specific reserves for
     diketahui, untuk mengakui pencadangan spesifik                 customers against amounts due in order to reduce
     untuk pelanggan terhadap jumlah yang jatuh tempo               the Group’s receivables to amounts that it expect to
     untuk menurunkan piutang Grup ke jumlah yang                   collect. These specific reserves are re-evaluated
     diharapkan dapat ditagih. Pencadangan secara                   and adjusted as additional information received
     spesifik ini ditelaah kembali dan disesuaikan jika             affects the amounts estimated.
     terdapat informasi tambahan yang diterima yang
     mempengaruhi jumlah yang diestimasikan.



                                                         68
Page 413
                                                                     The original consolidated financial statements included herein
                                                                                                   are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                           PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                              NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                          As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                                 For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                               (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                          Unless Otherwise Stated)


3.   SUMBER          ESTIMASI         KETIDAKPASTIAN            3.     SOURCE OF             ESTIMATION         UNCERTAINTY
     (lanjutan)                                                        (continued)

     Pertimbangan (lanjutan)                                            Judgments (continued)

     Cadangan     Penurunan      Nilai    Piutang   Usaha               Allowance for Impairment of Trade Receivables
     (lanjutan)                                                         (continued)

     Sebagai tambahan atas cadangan terhadap piutang                    In addition to specific allowance against individually
     yang secara individual signifikan, Grup juga menilai               significant receivables, the Group also assess a
     cadangan penurunan nilai secara kolektif terhadap                  collective impairment allowance against credit
     risiko kredit debitur mereka yang dikelompokkan                    exposure of its debtors which are grouped based on
     berdasarkan karakteristik kredit yang sama, yang                   common credit characteristic, which group, although
     meskipun tidak diidentifikasi secara spesifik                      not specifically identified as requiring a specific
     memerlukan cadangan tertentu, memiliki risiko yang                 allowance, has a greater risk of default than when
     lebih besar tidak tertagih dibandingkan dengan                     the receivables were originally granted to the
     piutang yang diberikan kepada debitur. Cadangan                    debtors. This collective allowance is based on
     secara kolektif ini dihitung berdasarkan pengalaman                historical performance of the debtors within the
     kerugian historis dengan menggunakan faktor yang                   collective group, deterioration in the markets in
     bervariasi seperti kinerja historis dari debitur dalam             which the debtors operate, and identified structural
     grup kolektif, penurunan kinerja pasar dimana                      weaknesses or deterioration in the cash flows of the
     debitur beroperasi, dan kelemahan struktural yang                  debtors. The details of the net carrying amount of
     diidentifikasi atau penurunan kinerja arus kas dari                the Group’s receivables are disclosed in Note 5.
     debitur. Rincian nilai tercatat bersih piutang Grup
     diungkapkan dalam Catatan 5.
     Estimasi dan Asumsi                                                Estimates and Assumptions

     Asumsi utama masa depan dan sumber utama                           The key assumptions concerning the future and
     estimasi ketidakpastian lain pada tanggal pelaporan                other key sources of estimation uncertainty at the
     yang memiliki risiko signifikan bagi penyesuaian                   reporting date that have a significant risk of causing
     yang material terhadap nilai tercatat aset dan                     a material adjustment to the carrying amounts of
     liabilitas   untuk    tahun/periode      berikutnya                assets and liabilities within the next financial
     diungkapkan di bawah ini. Grup mendasarkan                         period/year are disclosed below. The Group based
     asumsi dan estimasi pada parameter yang tersedia                   its assumptions and estimates on parameters
     pada saat laporan keuangan konsolidasian disusun.                  available when the consolidated financial
     Asumsi dan situasi mengenai perkembangan masa                      statements were prepared. Existing circumstances
     depan mungkin berubah akibat perubahan pasar                       and assumptions about future developments may
     atau situasi di luar kendali Grup. Perubahan                       change due to market changes or circumstances
     tersebut dicerminkan dalam asumsi terkait pada                     arising beyond the control of the Group. Such
     saat terjadinya.                                                   changes are reflected in the assumptions when they
                                                                        occur.

     Penyisihan kerugian kredit          ekspektasian   dari            Provision for expected credit losses of trade
     piutang usaha                                                      receivables

     Grup menggunakan matriks provisi untuk                             The Group uses a provision matrix to calculate
     menghitung ECL untuk piutang usaha dan aset                        ECLs for trade receivables and contract assets. The
     kontrak. Tingkat provisi didasarkan pada hari lewat                provision rates are based on days past due for
     jatuh tempo untuk pengelompokan berbagai                           groupings of various customer segments that have
     segmen pelanggan yang memiliki pola kerugian                       similar loss patterns (i.e., by geography, product
     yang serupa (yaitu, berdasarkan wilayah geografis,                 type, customer type and rating, and coverage by
     jenis produk, jenis dan peringkat pelanggan, dan                   letters of credit and other forms of credit insurance).
     pertanggungan berdasarkan surat kredit dan bentuk
     asuransi kredit lainnya).




                                                           69
Page 414
                                                                    The original consolidated financial statements included herein
                                                                                                  are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                          PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                             NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                         As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                                For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                              (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                         Unless Otherwise Stated)


3.   SUMBER          ESTIMASI          KETIDAKPASTIAN               3. SOURCE OF            ESTIMATION         UNCERTAINTY
     (lanjutan)                                                        (continued)

     Estimasi dan Asumsi (lanjutan)                                    Estimates and Assumptions (continued)

     Penyisihan kerugian kredit        ekspektasian     dari           Provision for expected credit losses of trade
     piutang usaha (lanjutan)                                          receivables (continued)

     Matriks provisi pada awalnya didasarkan pada                      The provision matrix is initially based on the Group’s
     tingkat gagal bayar yang diamati secara historis                  historical observed default rates. The Group will
     Grup. Grup akan mengkalibrasi matriks untuk                       calibrate the matrix to adjust the historical credit loss
     menyesuaikan pengalaman kerugian kredit historis                  experience with forward-looking information. For
     dengan informasi yang bersifat perkiraan masa                     instance, if forecast economic conditions (i.e., gross
     depan (forward-looking). Misalnya, jika perkiraan                 domestic product) are expected to deteriorate over
     kondisi ekonomi (yaitu, produk domestik bruto)                    the next year which can lead to an increased
     diekspektasikan akan memburuk pada tahun                          number of defaults in the manufacturing sector, the
     berikutnya yang dapat menyebabkan peningkatan                     historical default rates are adjusted. At every
     jumlah gagal bayar di sektor manufaktur, tingkat                  reporting date, the historical observed default rates
     gagal bayar historis disesuaikan. Pada setiap                     are updated and changes in the forward-looking
     tanggal pelaporan, tingkat gagal bayar yang diamati               estimates are analyzed.
     secara historis diperbarui dan perubahan dalam
     estimasi perkiraan masa depan dianalisis.

     Penilaian korelasi antara tingkat default yang                    The assessment of the correlation between
     diamati secara historis, prakiraan kondisi ekonomi,               historical observed default rates, forecast economic
     dan ECL adalah estimasi yang signifikan. Jumlah                   conditions and ECLs is a significant estimate. The
     ECL sensitif terhadap perubahan keadaan dan                       amount of ECLs is sensitive to changes in
     prakiraan kondisi ekonomi. Pengalaman kerugian                    circumstances and of forecast economic conditions.
     kredit historis Grup dan perkiraan kondisi ekonomi                The Group’s historical credit loss experience and
     mungkin juga tidak mewakili gagal bayar pelanggan                 forecast of economic conditions may also not be
     yang sebenarnya di masa depan. Informasi tentang                  representative of customer’s actual default in the
     ECL pada piutang usaha Grup diungkapkan dalam                     future. The information about the ECLs on the
     Catatan 5.                                                        Group’s trade receivables and contract assets is
                                                                       disclosed in Note 5.

     Penurunan Nilai Aset Non-keuangan                                 Impairment of Non-financial Assets

     Penurunan nilai terjadi ketika nilai tercatat dari aset           An impairment exists when the carrying value of an
     atau     unit  penghasil     kas      melebihi     nilai          asset or cash generating unit exceeds its
     terpulihkannya, yang lebih tinggi dari nilai wajar                recoverable amount, which is the higher of its fair
     dikurangi biaya untuk menjual dan nilai pakai.                    value less costs to sell and its value in use. The fair
     Perhitungan nilai wajar dikurangi biaya untuk                     value less costs to sell calculation is based on
     menjual berdasarkan data yang tersedia dari                       available data from binding sales transactions in an
     transaksi penjualan yang mengikat dalam sebuah                    arm’s length transaction of similar assets or
     transaksi wajar dari aset serupa atau harga pasar                 observable market prices less incremental costs for
     yang dapat diobservasi dikurangi biaya pelepasan                  disposing the asset. The value in use calculation is
     untuk menjual aset tersebut. Perhitungan nilai pakai              based on a discounted cash flow model.
     berdasarkan pada model arus kas yang
     didiskontokan.




                                                               70
Page 415
                                                                   The original consolidated financial statements included herein
                                                                                                 are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                         PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                            NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                               FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                        As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                               For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                             (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


3.   SUMBER          ESTIMASI        KETIDAKPASTIAN           3.     SOURCE OF             ESTIMATION         UNCERTAINTY
     (lanjutan)                                                      (continued)

     Estimasi dan Asumsi (lanjutan)                                   Estimates and Assumptions (continued)

     Penurunan Nilai Aset Non-keuangan (lanjutan)                     Impairment of Non-financial Assets (continued)

     Data arus kas diambil dari anggaran untuk lima                   The cash flows data are derived from budget for the
     tahun yang akan datang dan tidak termasuk                        next five years and do not include restructuring
     aktivitas restrukturisasi yang belum dilakukan oleh              activities that the Group is not yet committed to or
     Grup atau investasi signifikan di masa datang yang               significant future investments that will enhance the
     akan memutakhirkan kinerja aset dari unit penghasil              asset’s performance of the cash generating unit
     kas yang diuji. Nilai terpulihkan paling dipengaruhi             being tested. The recoverable amount is most
     oleh tingkat diskonto yang digunakan dalam model                 sensitive to the discount rate used for the discounted
     arus kas yang didiskontokan, sebagaimana juga                    cash flow model as well as the expected future cash
     jumlah arus kas masuk di masa datang yang di                     inflows and the growth rate used for extrapolation
     harapkan dan tingkat pertumbuhan yang digunakan                  purposes.
     untuk tujuan ekstrapolasi.

     Pada tanggal 31 Desember 2023 dan 2022,                          As of December 31, 2023 and 2022, there is event
     terdapat indikasi atas penurunan potensial atas nilai            or change in circumstances that may indicate any
     aset non-keuangan.                                               impairment in its value of its non-financial assets.

     Imbalan Kerja                                                    Employee Benefits

     Penentuan liabilitas imbalan kerja Grup bergantung               The determination of the Group’s employee benefits
     pada pemilihan asumsi yang digunakan oleh                        liabilities is dependent on its selection of certain
     aktuaris independen dan Manajemen Grup dalam                     assumptions used by the independent actuaries and
     menghitung jumlah-jumlah tersebut. Asumsi                        the Group’s management in calculating such
     tersebut termasuk antara lain, tingkat diskonto,                 amounts. Those assumptions include, among
     tingkat kenaikan gaji tahunan, tingkat pengunduran               others, discount rates, future annual salary
     diri karyawan tahunan, tingkat kecacatan, umur                   increase, annual employee turn-over rate, disability
     pensiun dan tingkat kematian. Hasil aktual yang                  rate, retirement age and mortality rate. Actual
     berbeda dari asumsi yang ditetapkan diakui secara                results that differ from the assumptions are
     langsung pada laporan laba rugi dan penghasilan                  recognized immediately in the statement of profit or
     komprehensif lain pada saat perbedaan tersebut                   loss and other comprehensive income and when
     terjadi. Sementara Grup berkeyakinan bahwa                       they occured. While the Company believe that their
     asumsi tersebut adalah wajar dan sesuai,                         assumptions are reasonable and appropriate,
     perbedaan signifikan pada hasil aktual atau                      significant differences in actual result or significant
     perubahan signifikan dalam asumsi yang ditetapkan                changes in the Group’s assumptions may materially
     Grup dapat mempengaruhi secara material liabilitas               affect its employee benefits liabilities and employee
     atas imbalan kerja dan beban imbalan kerja neto.                 benefits expense. Further details are disclosed in
     Penjelasan lebih lanjut diungkapkan dalam                        Note 20.
     Catatan 20.




                                                         71
Page 416
                                                            The original consolidated financial statements included herein
                                                                                          are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                     PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                            AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                        NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                           FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                    As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                           For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                         (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                    Unless Otherwise Stated)


3.   SUMBER         ESTIMASI         KETIDAKPASTIAN        3.    SOURCE OF           ESTIMATION        UNCERTAINTY
     (lanjutan)                                                  (continued)

     Estimasi dan Asumsi (lanjutan)                              Estimates and Assumptions (continued)

     Penyusutan Aset Tetap dan Aset Hak-Guna                     Depreciation of Fixed Assets and Right-of-Use
                                                                 Assets

     Aset tetap, kecuali tanah, dan hak-guna usaha,              Fixed assets, except land, and right-of-use assets
     disusutkan dengan menggunakan metode garis                  are depreciated on a straight-line method over their
     lurus berdasarkan taksiran umur manfaat                     estimated useful lives. Management estimates the
     ekonomisnya. Manajemen mengestimasi umur                    useful lives of these fixed assets to be within 3 to 50
     manfaat ekonomis aset tetap antara 3 sampai                 years, rights-of-use assets to be within 1 to 20 years.
     dengan 50 tahun, aset hak-guna antara 1 sampai 20           These are common life expectancies applied in the
     tahun. Ini adalah umur yang secara umum                     industries where the Group conducts its businesses.
     diharapkan    dalam     industri  dimana     Grup           Changes in the expected level of usage and
     menjalankan     bisnisnya.   Perubahan     tingkat          technological development could impact the
     pemakaian dan perkembangan teknologi dapat                  economic useful lives and the residual values of
     mempengaruhi umur manfaat ekonomis dan nilai                these assets, and therefore future depreciation
     sisa aset, dan karenanya biaya penyusutan masa              charges could be revised.
     depan mungkin direvisi.

     Aset Pajak Tangguhan                                        Deferred Tax Assets

     Estimasi signifikan oleh manajemen disyaratkan              Significant management estimates are required to
     dalam menentukan total aset pajak tangguhan yang            determine the amount of deferred tax assets that
     dapat diakui, berdasarkan saat penggunaan dan               can be recognized, based upon the likely timing and
     tingkat penghasilan kena pajak dan strategi                 the level of future taxable profits together with future
     perencanaan pajak masa depan. Rincian aset pajak            tax planning strategies. The details of deferred tax
     tangguhan yang diakui selama tahun berjalan                 assets recognized during the year are disclosed in
     diungkapkan dalam Catatan 31.                               Note 31.

     Penyisihan Keusangan      dan    Penurunan   Nilai          Allowance for Obsolescence and Decline in Value of
     Persediaan                                                  Inventories

     Penyisihan keusangan dan penurunan nilai                    Allowance for obsolescence and decline in value of
     persediaan diestimasi berdasarkan fakta dan                 inventories is estimated based on the best available
     keadaan yang tersedia, termasuk namun tidak                 facts and circumstances, including but not limited to,
     terbatas kepada, kondisi fisik persediaan yang              the inventories’ own physical conditions, their
     dimiliki, harga jual pasar, estimasi biaya                  market selling prices, estimated costs of completion
     penyelesaian dan estimasi biaya yang timbul untuk           and estimated costs to sell. The provisions are re-
     penjualan. Provisi dievaluasi kembali dan                   evaluated and adjusted as additional information
     disesuaikan jika terdapat tambahan informasi yang           received affects the amount estimated. Further
     mempengaruhi total yang diestimasi. Penjelasan              details are disclosed in Note 7.
     lebih lanjut diungkapkan dalam Catatan 7.




                                                      72
Page 417
                                                                 The original consolidated financial statements included herein
                                                                                               are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                          PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                             NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                         As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                                For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                              (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                         Unless Otherwise Stated)


3.   SUMBER          ESTIMASI         KETIDAKPASTIAN            3.    SOURCE OF          ESTIMATION          UNCERTAINTY
     (lanjutan)                                                       (continued)

     Estimasi dan Asumsi (lanjutan)                                   Estimates and Assumptions (continued)
     Ketidakpastian Kewajiban Pajak                                   Uncertain Tax Exposure
     Dalam situasi tertentu, Grup tidak dapat                         In certain circumstances, the Group, may not able to
     menentukan secara pasti jumlah liabilitas pajak                  determine the exact amount its current or future tax
     mereka pada saat ini atau masa depan karena                      liabilities due to possibility of examination by the
     kemungkinan adanya pemeriksaan dari otoritas                     taxation authority. Uncertainties exist with respect to
     perpajakan. Ketidakpastian timbul terkait dengan                 the interpretation of complex tax regulations and the
     interpretasi dari peraturan perpajakan yang                      amount and timing of future taxable income. In
     kompleks dan jumlah dan waktu dari penghasilan                   determining the amount to be recognized in respect
     kena pajak di masa depan. Dalam menentukan                       of an uncertain tax liability, the Group apply similar
     jumlah yang harus diakui terkait dengan liabilitas               considerations as it would use in determining the
     pajak yang tidak pasti, Grup menerapkan                          amount of a provision to be recognized in
     pertimbangan yang sama yang akan mereka                          accordance with PSAK 57 (Revised 2009),
     gunakan dalam menentukan jumlah cadangan yang                    “Provisions, Contingent Liabilities and Contingent
     harus diakui sesuai dengan PSAK 57 (Revisi 2009),                Assets”. The Group analyzes all tax positions
     “Provisi, Liabilitas Kontinjensi dan Aset Kontinjensi”.          related to income taxes to determine if a tax liability
     Grup menganalisa semua posisi pajak terkait                      for unrecognized tax benefit should be recognized.
     dengan pajak penghasilan untuk menentukan
     liabilitas pajak untuk beban yang belum diakui harus
     diakui.
     Pengakuan pendapatan untuk program loyalitas                     Revenue recognition for loyalty program
     Grup memperkirakan nilai wajar poin yang diberikan               The Group estimates the fair The Group estimates
     berdasarkan program loyalitas pelanggan dengan                   the fair value of points awarded under the customer
     menerapkan teknik statistik. Input model mencakup                loyalty program by applying statistical techniques.
     asumsi     tentang   tingkat    penebusan    yang                Inputs to the model include assumptions about
     diharapkan, perpaduan produk yang akan tersedia                  expected redemption rates, the mix of products that
     untuk penebusan di masa mendatang dan                            will be available for redemption in the future and
     preferensi    pelanggan.    Karena    poin yang                  customer preferences. As points issued under the
     dikeluarkan dalam program ini tidak kadaluwarsa,                 program do not expire, such estimates are subject
     perkiraan tersebut memiliki ketidakpastian yang                  to significant uncertainty. Further details are
     signifikan. Penjelasan lebih lanjut diungkapkan                  disclosed in Note 18.
     dalam Catatan 18.




                                                           73
Page 418
                                                             The original consolidated financial statements included herein
                                                                                           are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                      PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                         NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                            FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                     As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                            For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                          (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                     Unless Otherwise Stated)


4.   KAS DAN SETARA KAS                                     4.    CASH AND CASH EQUIVALENTS
     Akun ini terdiri dari:                                       This account consists of:
                                             31 Desember/December 31

                                               2023              2022

     Kas                                                                                                  Cash on hand
      Rupiah                                 149.531.644          29.554.207                                   Rupiah
      Ringgit Malaysia                                                                               Malaysian Ringgit
         (RM3.073.493 pada tanggal                                                            (MYR3,073,493 as of
         31 Desember 2023                                                                  December 31, 2023 and
         dan RM870.671 pada tanggal                                                              MYR870,671 as of
         31 Desember 2022)                    10.271.613           3.096.106                   December 31, 2022)
      Dolar Singapura                                                                                 Singapore dollar
         ($Sin50.833 pada tanggal                                                                 (Sin$50,833 as of
         31 Desember 2023                                                                  December 31, 2023 and
         dan $Sin253.461 pada tanggal                                                            Sin$253,461 as of
         31 Desember 2022)                       595.355           2.955.104                   December 31, 2022)
     Bank - pihak ketiga                                                                    Cash in banks - third parties
      Rupiah                                                                                                   Rupiah
          PT Bank Mandiri (Persero) Tbk      303.950.804          47.134.475         PT Bank Mandiri (Persero) Tbk
          PT Bank Central Asia Tbk           110.356.618         514.159.742              PT Bank Central Asia Tbk
          PT Bank Rakyat Indonesia                                                       PT Bank Rakyat Indonesia
            (Persero) Tbk                     50.243.145          54.446.225                       (Persero) Tbk
          PT Bank Negara Indonesia                                                      PT Bank Negara Indonesia
            (Persero) Tbk                     25.634.023          19.473.051                       (Persero) Tbk
          PT Bank CIMB Niaga Tbk               1.569.331           1.713.292              PT Bank CIMB Niaga Tbk
          PT Bank Artha Graha                                                                 PT Bank Artha Graha
             Internasional Tbk                   542.205            569.734                    Internasional Tbk
          PT Bank Permata Tbk                     15.541              9.354                  PT Bank Permata Tbk
          CIMB Bank Berhad, Malaysia              15.241                  -           CIMB Bank Berhad, Malaysia
          PT Bank Chinatrust Indonesia Tbk         6.357                  -       PT Bank Chinatrust Indonesia Tbk
          PT Bank Danamon Indonesia Tbk            3.604              4.984       PT Bank Danamon Indonesia Tbk
          PT Bank Maybank Indonesia Tbk            3.579             80.395        PT Bank Maybank Indonesia Tbk
          PT Bank Pan Indonesia Tbk                3.244            296.167            PT Bank Pan Indonesia Tbk
          PT Bank OCBC NISP Tbk                    2.973              2.465              PT Bank OCBC NISP Tbk
          PT Bank Mega Tbk                         2.957             23.478                     PT Bank Mega Tbk
          PT Bank CTBC Indonesia                       -              6.786               PT Bank CTBC Indonesia
      Dolar Amerika Serikat                                                                     United States dollar
          PT Bank Central Asia Tbk                                                        PT Bank Central Asia Tbk
             ($AS2.842.733 pada tanggal                                                     (US$2,842,733 as of
             31 Desember 2023                                                            December 31, 2023 and
             dan $AS3.551.897 pada tanggal                                                   US$3,551,897 as of
             31 Desember 2022)                43.823.574          55.874.885                December 31, 2022)
          DBS Bank Ltd., Singapura                                                       DBS Bank Ltd., Singapore
             ($AS2.678.343 pada tanggal                                                     (US$2,678,343 as of
             31 Desember 2023 dan                                                        December 31, 2023 and
              $AS712.430 pada tanggal                                                          US$712,430 as of
             31 Desember 2022)                41.289.330          11.207.243                December 31, 2022)
          United Overseas Bank                                                                United Overseas Bank
             (Malaysia) Bhd.                                                                      (Malaysia) Bhd.
            ($AS411.594 pada tanggal                                                          (US$411,594 as of
            31 Desember 2023                                                             December 31, 2023 and
            dan $AS318.476 pada tanggal                                                        US$318,476 as of
            31 Desember 2022)                  6.345.128           5.009.940                December 31, 2022)
          China Trust Bank Co. Ltd.,                                                      China Trust Bank Co. Ltd.,
             (Singapura)                                                                              (Singapore)
            ($AS141.064 pada tanggal                                                          (US$141,064 as of
            31 Desember 2023 dan                                                         December 31, 2023 and
            $AS346.120 pada tanggal                                                            US$346,120 as of
            31 Desember 2022)                  2.174.636           5.444.812                December 31, 2022)




                                                      74
Page 419
                                                            The original consolidated financial statements included herein
                                                                                          are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                     PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                            AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                        NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                           FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                    As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                           For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                         (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                    Unless Otherwise Stated)


4.   KAS DAN SETARA KAS                                    4.    CASH AND CASH EQUIVALENTS
     Akun ini terdiri dari:                                      This account consists of:
                                          31 Desember/December 31

                                            2023                2022

     Bank - pihak ketiga (lanjutan)                                             Cash in banks - third parties (continued)
      Dolar Amerika Serikat (lanjutan)                                               United States dollar (continued)
         Oversea-Chinese Banking                                                         Oversea-Chinese Banking
            Corporation Ltd.,                                                                     Corporation Ltd.,
            ($AS61.095 pada tanggal                                                             (US$61,095 as of
            31 Desember 2023                                                                 December 31, 2023
            dan $AS121.193 pada tanggal                                                   and US$121,193 as of
            31 Desember 2022)                 941.842             1.906.486                 December 31, 2022)
       PT Bank Artha Graha                                                                     PT Bank Artha Graha
            Internasional Tbk                                                                    Internasional Tbk
            ($AS1.015 pada tanggal                                                                (US$1,015 as of
            31 Desember 2023 dan                                                        December 31, 2023 and
            $AS900 pada tanggal                                                                      US$900 as of
            31 Desember 2022)                  15.640                  14.153                December 31, 2022)
       PT Bank Mandiri (Persero) Tbk                                                PT Bank Mandiri (Persero) Tbk
            ($AS590)                               9.095                    -                            (US$590)
       Citibank Berhad Malaysia                                                           Citibank Berhad Malaysia
             ($AS102)                              1.568                    -                            (US$102)
     Dolar Singapura                                                                                   Singapore dollar
       PT Bank Central Asia Tbk                                                           PT Bank Central Asia Tbk
          ($Sin44.920.563)                 526.109.634                      -                   (Sin$44,920,563)
       DBS Bank Ltd., Singapura                                                          DBS Bank Ltd., Singapore
          ($Sin5.115.188 pada tanggal                                                       (Sin$5,115,188 as of
          31 Desember 2023 dan                                                          December 31, 2023 and
          $Sin1.680.758 pada tanggal                                                          Sin$1,680,758 as of
          31 Desember 2022)                59.909.087            19.595.956                  December 31, 2022)
       Oversea-Chinese Banking                                                           Oversea-Chinese Banking
          Corporation Ltd.,                                                                       Corporation Ltd.,
          Singapura ($Sin1.438.988 pada                                          Singapore (Sin$1,438,988 as of
          tanggal 31 Desember 2023 dan                                                  December 31, 2023 and
          $Sin2.587.434 pada tanggal                                                         Sin$2,587,434 as of
          31 Desember 2022)                16.853.427            30.166.889                  December 31, 2022)
       China Trust Bank Co. Ltd.,                                                        China Trust Bank Co. Ltd.,
          (Singapura)                                                                                  (Singapore)
          ($Sin394.152 pada tanggal                                                            (Sin$394,152 as of
          31 Desember 2023 dan                                                           December 31, 2023 and
          $Sin37.032 pada tanggal                                                                 Sin$37,032 as of
          31 Desember 2022)                 4.616.303              431.755                   December 31, 2022)
       Malayan Bank (Maybank),                                                            Malayan Bank (Maybank),
          (Singapura)                                                                                  (Singapore)
          ($Sin287.250 pada tanggal                                                            (Sin$287,250 as of
          31 Desember 2023 dan                                                           December 31, 2023 and
          $Sin404.452 pada tanggal                                                              Sin$404,452 as of
          31 Desember 2022)                 3.364.273             4.715.502                  December 31, 2022)
       United Overseas Bank                                                                   United Overseas Bank
          (Malaysia) Bhd.                                                                          (Malaysia) Bhd.
          ($Sin211.229 pada tanggal                                                            (Sin$211,229 as of
          31 Desember 2023 dan                                                           December 31, 2023 and
           $Sin14.748 pada tanggal                                                                Sin$14,748 as of
           31 Desember 2022)                2.473.915              171.945                   December 31, 2022)
       Citibank Berhad, Malaysia                                                         Citibank Berhad, Malaysia
            ($Sin1.000)                        11.712                       -                          (Sin$1,000)




                                                    75
Page 420
                                                          The original consolidated financial statements included herein
                                                                                        are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                   PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                          AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                      NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                         FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                  As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                         For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                       (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                  Unless Otherwise Stated)


4.   KAS DAN SETARA KAS (lanjutan)                       4.    CASH AND CASH EQUIVALENTS (continued)

     Akun ini terdiri dari: (lanjutan)                         This account consists of: (continued)

                                           31 Desember/December 31

                                            2023              2022

     Bank - pihak ketiga (lanjutan)                                           Cash in banks - third parties (continued)
      Ringgit Malaysia                                                                            Malaysian Ringgit
        CIMB Bank Berhad, Malaysia                                                  CIMB Bank Berhad, Malaysia
           (RM10.897.383 pada tanggal                                                   (MYR10,897,383 as of
           31 Desember 2023 dan                                                        December 31, 2023 and
           RM6.150.999 pada tanggal                                                        MYR6,150,999 as of
           31 Desember 2022)               36.419.053          21.872.951                  December 31, 2022)
        Malayan Banking Berhad,                                                Malayan Banking Berhad, Malaysia
           Malaysia (RM8.488.545 pada                                                     (MYR8,488,545 as of
           tanggal 31 Desember 2023                                                         December 31, 2023
           dan RM3.962.389 pada tanggal                                               and MYR3,962,389 as of
           31 Desember 2022)               28.368.718          14.090.256                  December 31, 2022)
        United Overseas Bank (Malaysia)                                        United Overseas Bank (Malaysia)
           Berhad (RM3.769.983                                                    Berhad (MYR3,769,983 as of
           pada tanggal 31 Desember 2023                                               December 31, 2023 and
           dan RM4.501.901 pada tanggal                                                    MYR4,501,901 as of
           31 Desember 2022)               12.599.283          16.008.761                  December 31, 2022)
        Hong Leong Bank Berhad,                                               Hong Leong Bank Berhad, Malaysia
           Malaysia (RM2.446.633 pada                                                     (MYR2,446,633 as of
           tanggal 31 Desember 2023                                                    December 31, 2023 and
           dan RM1.962.820 pada                                                            MYR1,962,820 as of
           tanggal 31 Desember 2022)        8.176.647           6.979.789                  December 31, 2022)
        Affin Bank, Malaysia                                                                 Affin Bank, Malaysia
           (RM1.959.155 pada tanggal                                                           (MYR1,959,155
           31 Desember 2023 dan                                                 as of December 31, 2023 and
           RM706.224 pada tanggal                                                                 MYR706,224
           31 Desember 2022)                6.547.496           2.511.333            as of December 31, 2022)
        Public Bank Berhad, Malaysia                                                Public Bank Berhad, Malaysia
           (RM1.795.135 pada tanggal                                                      (MYR1,795,135 as of
           31 Desember 2023 dan                                                        December 31, 2023 and
           RM1.339.288 pada tanggal                                                        MYR1,339,288 as of
           31 Desember 2022)                5.999.342           4.762.508                  December 31, 2022)
        RHB Bank Berhad, Malaysia                                                    RHB Bank Berhad, Malaysia
           (RM912.061 pada tanggal                                                          (MYR912,061 as of
           31 Desember 2023 dan                                                        December 31, 2023 and
           RM193.566 pada tanggal                                                            MYR193,566 as of
           31 Desember 2022)                3.048.107            688.320                   December 31, 2022)
        HSBC Bank Malaysia Berhad,                                                  HSBC Bank Malaysia Berhad,
           Malaysia (RM892.726 pada                                               Malaysia (MYR892,726 as of
           tanggal 31 Desember 2023                                                         December 31, 2023
           dan RM1.671.411 pada tanggal                                               and MYR1,671,411 as of
           31 Desember 2022)                2.983.490           5.943.539                  December 31, 2022)
        Ambank Berhad, Malaysia                                                        Ambank Berhad, Malaysia
           (RM382.771 pada tanggal                                                               (MYR382,771
           31 Desember 2023 dan                                                 as of December 31, 2023 and
           RM218.943 pada tanggal                                                                 MYR218,943
           31 Desember 2022)                1.279.221            778.562            as of December 31, 2022)
        Bank Islam Berhad, Malaysia                                                 Bank Islam Berhad, Malaysia
           (RM136.525 pada tanggal                                                               (MYR136,525
           31 Desember 2023 dan                                                 as of December 31, 2023 and
           RM10.001 pada tanggal                                                                    MYR10,001
           31 Desember 2022)                  456.267                35.563            as of December 31, 2022)




                                                   76
Page 421
                                                                 The original consolidated financial statements included herein
                                                                                               are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                          PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                             NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                         As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                                For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                              (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                         Unless Otherwise Stated)


4.   KAS DAN SETARA KAS (lanjutan)                              4.    CASH AND CASH EQUIVALENTS (continued)

     Akun ini terdiri dari: (lanjutan)                                This account consists of: (continued)

                                               31 Desember/December 31

                                                 2023                2022

     Bank - pihak ketiga (lanjutan)                                                  Cash in banks - third parties (continued)
       Ringgit Malaysia (lanjutan)                                                            Malaysian Ringgit (continued)
         Bank Rakyat Berhad, Malaysia                                                      Bank Rakyat Berhad, Malaysia
            (RM96.039)                             320.962                      -                           (MYR96,039)
         OCBC Bank Berhad, Malaysia                                                      OCBC Bank Berhad, Malaysia
            (RM88.922 pada tanggal                                                                         (MYR88,922
            31 Desember 2023 dan                                                        as of December 31, 2023 and
            RM40.846 pada tanggal                                                                             MYR40,846
            31 Desember 2022)                      297.178              145.248                 as of December 31, 2022)
         Standard Chartered Bank (Malaysia)                                          Standard Chartered Bank (Malaysia)
            Berhad (RM44.460                                                                        Berhad (MYR44,460
            pada tanggal 31 Desember 2023                                                     as of December 31, 2023
            dan RM2.688 pada tanggal                                                                and MYR2,688 as of
            31 Desember 2022)                      148.585                  9.559                      December 31, 2022)
         Bank Simpanan Nasional Malaysia                                              Bank Simpanan Nasional Malaysia
            (RM28.145)                              94.059                      -                           (MYR28,145)
         Alliance Bank Berhad, Malaysia                                                  Alliance Bank Berhad, Malaysia
            (RM18.202 pada tanggal                                                                           (MYR18,202
            31 Desember 2023 dan                                                         as of December 31, 2023 and
            RM152.931 pada tanggal                                                                         MYR152,931
            31 Desember 2022)                       60.830              543.822              as of December 31, 2022)
         Citibank Berhad, Malaysia                                                              Citibank Berhad, Malaysia
            (RM773 pada tanggal                                                                           (MYR773 as of
            31 Desember 2023 dan                                                                     December 31, 2023
            RM1.319 pada tanggal                                                                    and MYR1,319 as of
            31 Desember 2022)                           2.582               4.689                   December 31, 2022)
      Setara kas                                                                                               Cash equivalents
        Deposito berjangka                                                                                      Time deposits
         Rupiah                                                                                                      Rupiah
            PT Bank Rakyat Indonesia Tbk       261.900.000                     -        PT Bank Rakyat Indonesia Tbk
            PT Bank Central Asia Tbk             5.230.000           154.630.000              PT Bank Central Asia Tbk
         Ringgit Malaysia                                                                                 Malaysian Ringgit
             Malayan Banking Berhad                                                            Malayan Banking Berhad
               (RM2.000.138)                     6.684.460                      -                    (MYR2,000,138)
            CIMB Bank Berhad, Malaysia                                                    CIMB Bank Berhad, Malaysia
               (RM2.000.141)                                -          7.112.500                    (MYR2,000,141)
         Dolar Singapura                                                                                   Singapore Dollar
            DBS Bank Ltd., Singapore                                                         DBS Bank Ltd., Singapore
              ($Sin2.083.294)                   24.399.536                      -                     (Sin$2,083,294)

     Total                                    1.765.703.214      1.044.182.531                                           Total


     Tidak terdapat penempatan kas dan setara kas                     There was no placement of cash and cash
     kepada pihak-pihak berelasi.                                     equivalents with related parties.

     Tidak terdapat saldo kas dan setara kas yang                     There was no cash and cash equivalents that are
     dibatasi penggunaannya atau dijaminkan.                          restricted for use or pledged as collateral..




                                                         77
Page 422
                                                               The original consolidated financial statements included herein
                                                                                             are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                        PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                              FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                       As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                              For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                            (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


4.   KAS DAN SETARA KAS (lanjutan)                            4.    CASH AND CASH EQUIVALENTS (continued)

     Suku bunga tahunan untuk deposito berjangka                    Annual interest rate for time deposits in Rupiah for
     dalam Rupiah untuk tahun yang berakhir pada                    the years ended December 31, 2023 and 2022 is
     tanggal 31 Desember 2023 dan 2022 masing-                      ranging from 1.90% to 6.60% and 1.90% to 2.00%,
     masing berkisar antara 1,90% sampai 6,60% dan                  respectively. Annual interest rate for time deposits
     1,90% sampai 2,00%. Suku bunga tahunan untuk                   in Singapore dollar for the years ended
     deposito berjangka dalam Dolar Singapura untuk                 December 31, 2023 is ranging from 2,10% to 3.20%.
     tahun     yang     berakhir     pada     tanggal               Annual interest rate for time deposits in Malaysian
     31 Desember 2023 adalah 2,10% sampai 3,20%.                    Ringgit for the years ended December 31, 2023 and
     Suku bunga tahunan untuk deposito berjangka                    2022 is ranging from 3,05% to 3,20% and 1.75% to
     dalam Ringgit Malaysia untuk tahun yang berakhir               2.50%, respectively.
     pada tanggal 31 Desember 2023 and 2022 masing-
     masing berkisar antara 3,05% sampai 3,20% dan
     1,75% sampai 2,50%.


5.   PIUTANG                                                  5.    ACCOUNTS RECEIVABLE

     a.   Rincian piutang usaha      - pihak ketiga                 a.    The details of trade receivables - third parties
          berdasarkan pelanggan      adalah sebagai                       per customer are as follows:
          berikut:

                                                31 Desember/December 31

                                                 2023              2022

          Pihak ketiga:                                                                                      Third parties:
           Rupiah                                                                                                Rupiah
             Pengecer:                                                                                       Retailers:
             - Jakarta                          100.519.479        260.724.588                               Jakarta -
             - Jawa                              62.954.986         78.288.857                                  Java -
             - Luar Jawa                         36.413.058         53.269.296                          Outside Java -
             PT Telekomunikasi Selular          380.260.325         95.010.019             PT Telekomunikasi Selular
             Badan Layanan Terpadu                                                            Badan Layanan Terpadu
                RSUD Kabupaten Sorong            16.400.000                  -            RSUD Kabupaten Sorong
             PT Sumber Alfaria Trijaya Tbk       11.888.355          8.377.383          PT Sumber Alfaria Trijaya Tbk
             Yayasan Buddha Tzu Chi Medika                                           Yayasan Buddha Tzu Chi Medika
                Indonesia                         7.369.659         11.212.687                            Indonesia
             PT Trans Retail Indonesia            6.393.618         15.879.786              PT Trans Retail Indonesia
             PT Hanjaya Mandala Sampoerna Tbk     1.469.898         10.790.068    PT Hanjaya Mandala Sampoerna Tbk
             Lain-lain (di bawah Rp10 miliar)   572.645.752        467.558.192        Others (below Rp10 billion each)
           Dolar Singapura                                                                              Singapore dollar
             Shopee Pte., Ltd.,                                                                     Shopee Pte., Ltd.,
                Singapura ($Sin594.257 pada                                           Singapore (Sin$594,257 as of
                tanggal 31 Desember 2023                                                        December 31, 2023
                $Sin296.131 pada                                                                      (Sin$296,131
                tanggal 31 Desember 2022)         6.959.936          3.452.591           as of December 31, 2022)
             Singsaver Pte., Ltd.,                                                                Singsaver Pte., Ltd.,
                Singapura ($Sin456.155)           5.342.482                   -           Singapore (Sin$456,155)
             StarHub Ltd.,                                                                               StarHub Ltd.,
                Singapura ($Sin417.401                                                     Singapore (Sin$417,401
                pada tanggal 31 Desember 2023                                             as of December 31, 2022
                dan $Sin2.168.581 pada                                                           and Sin$2,168,581
                tanggal 31 Desember 2022)         4.888.596         25.283.482           as of December 31, 2022)




                                                        78
Page 423
                                                                       The original consolidated financial statements included herein
                                                                                                     are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                                PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                                       AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                                   NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                               As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                                      For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                                    (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                               Unless Otherwise Stated)


5.   PIUTANG (lanjutan)                                               5.    ACCOUNTS RECEIVABLE (continued)

     a.   Rincian piutang usaha          - pihak ketiga                     a.     The details of trade receivables - third parties
          berdasarkan pelanggan          adalah sebagai                            per customer are as follows: (continued)
          berikut: (lanjutan)

                                                      31 Desember/December 31

                                                        2023               2022

          Pihak ketiga:                                                                                                Third parties:
           Dolar Singapura                                                                                        Singapore dollar
             Lain-lain (masing-masing
                di bawah Rp5 miliar)                                                             Others (below Rp5 billion each)
                ($Sin3.079.993 pada                                                                       (Sin$3,079,993 as of
                tanggal 31 Desember 2023                                                                   December 31, 2023
                dan $Sin2.377.045 pada                                                                and Sin$2,377,045 as of
                tanggal 31 Desember 2022)              36.072.882           27.713.973                     December 31, 2022)
           Ringgit Malaysia                                                                                      Malaysian Ringgit
             Directd Retail & Wholesale Sdn. Bhd.,                                         Directd Retail & Wholesale Sdn. Bhd.,
                Malaysia (RM13.517.809 pada                                                   Malaysia (MYR13,517,809 as of
                tanggal 31 Desember 2023                                                                   December 31, 2023
                dan RM229.373 pada                                                                          MYR229,373 as of
                tanggal 31 Desember 2022)              45.176.519                815.651                  December 31, 2022)
             Extrovest Communication Sdn. Bhd.,                                             Extrovest Communication Sdn. Bhd.,
                Malaysia (RM4.043.981)                 13.514.986                      -            Malaysia (MYR4,043,981)
             A1 Distribution Sdn. Bhd.,                                                                A1 Distribution Sdn. Bhd.,
                Malaysia (RM2.354.107 pada                                                     Malaysia (MYR2,354,107 as of
                tanggal 31 Desember 2023                                                                   December 31, 2023
                dan RM179.604 pada                                                                          MYR179,604 as of
                tanggal 31 Desember 2022)                7.867.425               638.670                  December 31, 2022)
             Comsat Distributions Sdn. Bhd.,                                                     Comsat Distributions Sdn. Bhd.,
                Malaysia (RM2.016.521 pada                                                     Malaysia (MYR2,016,521 as of
                tanggal 31 Desember 2023                                                                   December 31, 2023
                dan RM215.905 pada                                                                          MYR215,905 as of
                tanggal 31 Desember 2022)                6.739.213               767.758                  December 31, 2022)
             Celcom Mobile Sdn. Bhd.,                                                                  Celcom Mobile Sdn. Bhd.,
                Malaysia (RM1.639.133 pada                                                     Malaysia (MYR1,639,133 as of
                tanggal 31 Desember 2023                                                                   December 31, 2023
                dan RM76.505 pada                                                                            MYR76,505 as of
                tanggal 31 Desember 2022)                5.477.982               272.053                  December 31, 2022)
             Creative Distributions Sdn. Bhd.,                                                  Creative Distributions Sdn. Bhd.,
                Malaysia (RM1.597.792 pada                                                     Malaysia (MYR1,597,792 as of
                tanggal 31 Desember 2023                                                                   December 31, 2023
                dan RM376.283 pada                                                                          MYR376,283 as of
                tanggal 31 Desember 2022)                5.339.821           1.338.063                    December 31, 2022)
             Lain-lain (masing-masing
                di bawah Rp5 miliar)                                                             Others (below Rp5 billion each)
                (RM15.135.981 pada                                                                    (MYR15,135,981 as of
                tanggal 31 Desember 2023                                                            December 31, 2023 and
                dan RM15.839.348 pada                                                                  MYR15.839.348 as of
                tanggal 31 Desember 2022)              50.584.449           56.324.720                   December 31, 2022)

          Total pihak ketiga                         1.384.279.421     1.117.717.837                                Total third parties
          Cadangan kerugian penurunan nilai            (36.133.678)      (65.041.330)                   Allowance for impairment loss

          Total piutang usaha -                                                                               Total trade receivables -
             pihak ketiga - neto                     1.348.145.743     1.052.676.507                              third parties - net
          Total piutang usaha -                                                                               Total trade receivables -
             pihak berelasi - neto                     16.703.039            2.107.475                         related parties - net

          Total piutang usaha - neto                 1.364.848.782     1.054.783.982                    Total trade receivables - net




                                                               79
Page 424
                                                                The original consolidated financial statements included herein
                                                                                              are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                         PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                            NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                               FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                        As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                               For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                             (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


5.   PIUTANG (lanjutan)                                        5.    ACCOUNTS RECEIVABLE (continued)

     a.   Pada tanggal 31 Desember 2023 dan 2022,                    a.    As of December 31, 2023 and 2022, all of the
          seluruh piutang usaha para Debitur seperti                       Debitors’ trade receivables as stated in
          yang diungkapkan pada Catatan 16, dijaminkan                     Note 16 are pledged as collateral for bank loan
          untuk fasilitas utang bank.                                      facilities.

          Rincian piutang usaha kepada pihak-pihak                         The details of trade receivables to related
          berelasi diungkapkan lebih lanjut pada                           parties are dislosed further in Note 33.
          Catatan 33.

     b.   Perubahan saldo pencadangan atas kerugian                  b.    The movements in the balance of allowance for
          penurunan nilai piutang usaha - pihak ketiga                     impairment losses of trade receivables - third
          adalah sebagai berikut:                                          parties are as follows:
                                                Tahun yang Berakhir pada
                                                  Tanggal 31 Desember/
                                                Year Ended December 31

                                                 2023               2022

          Saldo awal tahun                      65.041.330           86.637.678                 Balance at beginning of year
          Pembalikan selama                                                                                 Reversal during
            tahun berjalan (Catatan 28)         (28.907.652)        (21.596.348)                      the year (Note 28)

          Saldo akhir tahun                     36.133.678           65.041.330                     Balance at end of year


          Berdasarkan hasil penelaahan terhadap                            Based on the review of trade receivables for
          keadaan akun piutang usaha masing-masing                         each customer at the end of the year, the
          pelanggan pada akhir tahun, manajemen Grup                       Group’s management believe that the
          berpendapat bahwa cadangan kerugian                              allowance for impairment loss on trade
          penurunan nilai cukup untuk menutupi                             receivables is adequate to cover possible
          kemungkinan kerugian atas tidak tertagihnya                      losses from non-collection of the accounts.
          piutang usaha.

     c.   Rincian umur piutang usaha - pihak ketiga                  c.    The aging analysis of trade receivables - third
          adalah sebagai berikut:                                          parties is as follows:

                                               31 Desember/December 31

                                                 2023               2022

          Lancar                              1.114.283.831         878.602.570                                      Current
          Telah jatuh tempo:                                                                                       Overdue:
            1 - 30 hari                        219.211.666          164.159.920                              1 - 30 days
            31 - 60 hari                        18.975.496           19.775.746                             31 - 60 days
            61 - 90 hari                         3.182.258            7.391.089                             61 - 90 days
            Lebih dari 90 hari                  28.626.170           47.788.512                       More than 90 days

          Subtotal                            1.384.279.421     1.117.717.837                                     Sub-total
          Cadangan kerugian penurunan nilai     (36.133.678)      (65.041.330)                Allowance for impairment loss

          Total piutang usaha -                                                                    Total trade receivables -
             pihak ketiga - neto              1.348.145.743     1.052.676.507                         third parties - net




                                                        80
Page 425
                                                                 The original consolidated financial statements included herein
                                                                                               are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                          PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                             NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                         As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                                For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                              (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                         Unless Otherwise Stated)


5.   PIUTANG (lanjutan)                                         5.    ACCOUNTS RECEIVABLE (continued)

     d.   Rincian umur piutang usaha - pihak berelasi                 d.    The aging analysis of trade receivables -
          adalah sebagai berikut:                                           related parties is as follows:

                                                 31 Desember/December 31

                                                  2023               2022

          Lancar                                   8.162.222           1.460.304                                      Current
          Telah jatuh tempo:                                                                                        Overdue:
            1 - 30 hari                            8.468.737             236.042                              1 - 30 days
            31 - 60 hari                              72.080             321.746                             31 - 60 days
            61 - 90 hari                                   -                   -                             61 - 90 days
            Lebih dari 90 hari                     3.439.171           3.528.554                       More than 90 days

          Subtotal                                20.142.210           5.546.646                                    Sub-total
          Cadangan kerugian penurunan nilai       (3.439.171)         (3.439.171)               Allowance for impairment loss

          Total piutang usaha -                                                                     Total trade receivables -
             pihak berelasi - neto                16.703.039           2.107.475                     related parties - net


     e.   Rincian piutang lain-lain - pihak ketiga adalah             e.    The details of other receivables - third parties
          sebagai berikut:                                                  are as follows:

                                                 31 Desember/December 31

                                                  2023               2022

          Pihak ketiga:                                                                                         Third parties:
           Rupiah                                                                                                  Rupiah
             PT Samsung Electronics                                                            PT Samsung Electronics
                Indonesia                        116.492.660         169.707.259                          Indonesia
             PT Xiaomi Technology Indonesia       49.061.765          52.334.464       PT Xiaomi Technology Indonesia
             PT Apple Indonesia                   43.819.210           7.789.394                    PT Apple Indonesia
             PT Visionet Internasional            12.395.018                   -              PT Visionet Internasional
             PT Tecno Mobile Limited               5.240.990                   -              PT Tecno Mobile Limited
             PT Indosat Tbk                        4.659.839          14.030.571                        PT Indosat Tbk
             Apple South Asia Pte. Ltd.,                                                     Apple South Asia Pte. Ltd.,
                Singapura                                   -        353.367.951                          Singapore
             Lain-lain (masing-masing
                di bawah Rp5 miliar)             101.740.771         151.673.246         Others (below Rp5 billion each)
           Dolar Amerika Serikat                                                                      United States dollar
             Apple South Asia Pte. Ltd.,                                                    Apple South Asia Pte. Ltd.,
                Singapura ($AS10.292.656)        158.671.586                    -        Singapore (US$10,292,656)
             Lain-lain (masing-masing
                di bawah Rp5 miliar)                                                   Others (below Rp5 billion each)
                ($AS232.271 pada tanggal                                                        (US$232,271 as of
                31 Desember 2023 dan                                                       December 31, 2023 and
                $AS225.907 pada tanggal                                                          US$225,907 as of
                31 Desember 2022)                  3.580.687           3.553.752              December 31, 2022)
           Ringgit Malaysia                                                                           Malaysian Ringgit
             Apple Malaysia Sdn. Bhd.,                                                      Apple Malaysia Sdn. Bhd.,
                (RM9.867.932)                    32.978.629                     -                 (MYR9,867,932)
             Shopee Mobile Malaysia Sdn. Bhd.,                                      Shopee Mobile Malaysia Sdn. Bhd.,
                (RM7.616.250 pada tanggal                                                    (MYR7,616,250 as of
                31 Desember 2023                                                               December 31, 2023
                RM1.953.750 pada tanggal                                                      MYR1,953,750 as of
                31 Desember 2022)                 25.453.507           6.948.023              December 31, 2022)




                                                         81
Page 426
                                                                   The original consolidated financial statements included herein
                                                                                                 are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                            PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                               NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                           As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                                  For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                                (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                           Unless Otherwise Stated)


5.   PIUTANG (lanjutan)                                           5.    ACCOUNTS RECEIVABLE (continued)

     e.   Rincian piutang lain-lain - pihak ketiga adalah               e.    The details of other receivables - third parties
          sebagai berikut: (lanjutan)                                         are as follows: (continued)

                                                   31 Desember/December 31

                                                     2023              2022

          Pihak ketiga: (lanjutan)                                                                    Third parties: (continued)
           Ringgit Malaysia (lanjutan)                                                        Malaysian Ringgit (continued)
             Maxis Broadband Sdn. Bhd.,                                                      Maxis Broadband Sdn. Bhd.,
                (RM4.700.066 pada tanggal                                                        (MYR4,700,066 as of
                31 Desember 2023                                                                  December 31, 2023
                RM5.077.228 pada tanggal                                                          MYR5,077,228 as of
                31 Desember 2022)                   15.707.621          18.055.892                December 31, 2022)
             Xiaomi HK Ltd., Hong Kong                                                        Xiaomi HK Ltd., Hong Kong
                (RM2.594.004 pada tanggal                                                        (MYR2,594,004 as of
                31 Desember 2023 dan                                                          December 31, 2023 and
                RM7.371.751 pada tanggal                                                          MYR7,371,751 as of
                31 Desember 2022)                    8.669.163          26.213.946                December 31, 2022)
             iPay 88 Holding Sdn. Bhd.,                                                       iPay 88 Holding Sdn. Bhd.,
                (RM1.758.360)                        5.876.439                    -                  (MYR1,758,360)
             Lain-lain (masing-masing
                di bawah Rp5 miliar)                                                      Others (below Rp5 billion each)
                (RM8.051.285 pada tanggal                                                       (MYR8,051,285 as of
                31 Desember 2023 dan                                                         December 31, 2023 and
                RM30.603.655 pada tanggal                                                       MYR30,603,655 as of
                31 Desember 2022)                   26.907.390         108.824.839               December 31, 2022)
           Dolar Singapura                                                                                  Singapore dollar
             SingTel Mobile Singapore                                                          SingTel Mobile Singapore
                Pte. Ltd., Singapura                                                              Pte. Ltd., Singapore
                ($Sin2.998.593 pada tanggal                                                      (Sin$2,998,593 as of
                31 Desember 2023 dan                                                         December 31, 2023 and
                $Sin2.125.074 pada tanggal                                                        Sin$2,125,074 as of
                31 Desember 2022)                   35.119.520          24.776.232               December 31, 2022)
             Lain-lain (masing-masing
                di bawah Rp5 miliar)                                                      Others (below Rp5 billion each)
                ($Sin1.575.163 pada tanggal                                                      (Sin$1,575,163 as of
                31 Desember 2023 dan                                                         December 31, 2023 and
                $Sin393.386 pada tanggal                                                            Sin$393,386 as of
                31 Desember 2022)                   18.448.301           4.586.489               December 31, 2022)

          Total pihak ketiga                       664.823.096         941.862.058                            Total third parties
          Cadangan kerugian penurunan nilai           (779.701)         (1.861.743)            Allowance for impairment losses

          Total piutang lain-lain -                                                                   Total other receivables -
           pihak ketiga - neto                     664.043.395         940.000.315                       third parties - net


          Pada tanggal 31 Desember 2023 dan 2022,                             As of December 31, 2023 and 2022, other
          piutang lain-lain dari Apple South Asia Pte. Ltd.,                  receivables from Apple South Asia Pte. Ltd.,
          PT Samsung Electronics Indonesia, PT Xiaomi                         PT Samsung Electronics Indonesia, PT Xiaomi
          Technology Indonesia, PT Indosat Tbk,                               Technology Indonesia, PT Indosat Tbk,
          PT Apple Indonesia dan PT Apple Malaysia                            PT Apple Indonesia and PT Apple Malaysia
          Sdn. Bhd. merupakan piutang sehubungan                              Sdn. Bhd. represent receivables arising from
          dengan      potongan      pembelian,     insentif,                  purchase rebates, incentives, marketing
          dukungan promosi dan kebijakan trade price                          support and trade price protection policy
          protection yang diberikan oleh para pemasok                         provided by these suppliers.
          tersebut.




                                                            82
Page 427
                                                                  The original consolidated financial statements included herein
                                                                                                are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                           PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                              NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                          As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                                 For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                               (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                          Unless Otherwise Stated)


5.   PIUTANG (lanjutan)                                          5.    ACCOUNTS RECEIVABLE (continued)

     f.   Mutasi cadangan penurunan nilai piutang                      f.     The movements of allowance for impairment of
          lain-lain - pihak ketiga adalah sebagai berikut:                    other receivables - third parties are as follows:
                                                 Tahun yang Berakhir pada
                                                   Tanggal 31 Desember/
                                                 Year Ended December 31

                                                   2023               2022

          Saldo awal tahun                         1.861.743            1.692.969                  Balance at beginning of year
          Penyisihan (pembalikan) selama                                                                   Provision (reversal)
             tahun berjalan                        (1.082.042)              168.774                          during the year

          Saldo akhir tahun                          779.701            1.861.743                      Balance at end of year



          Berdasarkan hasil penelaahan terhadap                               Based on the review of the status of other
          keadaan akun piutang lain-lain pada akhir                           receivables at the end of the year, the
          tahun, manajemen Grup berpendapat bahwa                             Group’s management believe that the
          cadangan kerugian penurunan nilai cukup                             allowance for impairment losses on other
          untuk menutupi kemungkinan kerugian atas                            receivables is adequate to cover possible
          tidak tertagihnya piutang lain-lain.                                losses from non-collection of the accounts.


6.   ASET KEUANGAN LAINNYA                                       6.    OTHER FINANCIAL ASSETS

     Akun ini terdiri dari:                                             This account consists of:
                                                 31 Desember/December 31

                                                   2023               2022

     Aset keuangan lancar lainnya                                                              Other current financial assets
     Uang jaminan                                                                                            Security deposits
       Ringgit Malaysia - entitas anak                                                         Malaysian Ringgit - subsidiary
           (RM15.165.640 pada tanggal                                                              (MYR15,165,640 as of
           31 Desember 2023 dan                                                                  December 31, 2023 and
           RM13.290.131 pada tanggal                                                                MYR13,290,131 as of
           31 Desember 2022)                      50.683.570           47.263.029                    December 31, 2022)
     Convertible notes                                                                                       Convertible notes
       Dolar Singapura - entitas anak                                                           Singapore dollar - subsidiary
           ($Sin23.129 pada tanggal                                                                    (Sin$23,129 as of
           31 Desember 2023 dan                                                                  December 31, 2023 and
           $Sin239.320 pada tanggal                                                                    Sin$239,320 as of
           31 Desember 2022)                         270.888            2.790.235                    December 31, 2022)

     Total aset keuangan lancar lainnya           50.954.458           50.053.264           Total other current financial asset




                                                          83
Page 428
                                                                 The original consolidated financial statements included herein
                                                                                               are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                          PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                             NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                         As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                                For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                              (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                         Unless Otherwise Stated)


6.   ASET KEUANGAN LAINNYA (lanjutan)                           6.    OTHER FINANCIAL ASSETS (continued)

     Akun ini terdiri dari: (lanjutan)                                This account consists of: (continued)
                                                 31 Desember/December 31

                                                  2023               2022

     Aset keuangan tidak lancar lainnya                                                  Other non-current financial assets
     Uang jaminan                                                                                             Security deposits
        Rupiah                                   107.062.818          82.802.078                                     Rupiah
        Dolar Singapura - entitas anak                                                      Singapore dollar - subsidiaries
            ($Sin2.906.032 pada tanggal                                                           (Sin$2,906,032 as of
            31 Desember 2023 dan                                                               December 31, 2023 and
            $Sin3.448.395 pada tanggal                                                             Sin$3,448,395 as of
            31 Desember 2022)                     34.035.450          40.205.472                  December 31, 2022)
        Ringgit Malaysia - entitas anak                                                     Malaysian Ringgit - subsidiary
            (RM38.363 pada tanggal                                                                   (MYR38,363 as of
            31 Desember 2023 dan                                                               December 31, 2023 and
            RM79.015 pada tanggal                                                                     MYR79,015 as of
            31 Desember 2022)                        128.208            280.980                   December 31, 2022)
     Convertible notes                                                                                       Convertible notes
        Rupiah                                    16.000.000                   -                                     Rupiah
        Dolar Singapura - entitas anak                                                       Singapore Dollar - subsidiary
            ($Sin32.240)                             377.595                   -                            (Sin$32,240)
     Investasi pada saham -                                                                              Investment in share -
        nilai wajar melalui penghasilan                                                            fair value through other
        komprehensif lain                                                                          comprehensive income
        Ringgit Malaysia - entitas anak                                                     Malaysian Ringgit - subsidiary
            (RM205.443)                              636.638                   -                          (MYR205,443)

     Total aset keuangan                                                                             Total other non-current
       tidak lancar lainnya                      158.240.709         123.288.530                          financial assets


     Pada tanggal 31 Desember 2023 dan 2022, uang                      As of December 31, 2023 and 2022, security
     jaminan masing-masing sebesar RM15.165.640                        deposits of MYR15,165,640 or equivalent to
     atau    setara    dengan    Rp50.683.570      dan                 Rp50,683,570 and MYR13,290,131 or equivalent to
     RM13.290.131 atau setara dengan Rp47.263.029                      Rp47,263,029, respectively represent the amount
     merupakan      uang    yang    disetorkan    oleh                 deposited by CG Computers Sdn. Bhd. to shopping
     CG Computers Sdn. Bhd. kepada pemilik mall terkait                mall owners in relation to short-term rental for its
     sewa jangka pendek untuk outlet retailnya.                        retail outlets.

     Pada tanggal 31 Desember 2023 dan 2022, uang                      As of December 31, 2023 and 2022, security
     jaminan masing-masing sebesar Rp 141.226.476                      deposits of Rp141,226,476 and Rp123,288,530,
     dan Rp123.288.530 merupakan uang jaminan yang                     respectively represent the amount deposited mainly
     disetorkan sebagian besar oleh EAR, ESS, EIS,                     by EAR, ESS, EIS, ETC, ERDIRET, DCM, MII,
     ETC, ERDIRET, DCM, MII, NASA dan EAI kepada                       NASA dan EAI to shopping mall owners in relation
     pemilik mall terkait sewa jangka panjang untuk outlet             to their long-term rental for its retail outlets.
     retailnya.

     Pada tanggal 21 Februari 2023, Perusahaan                         On February 21, 2023, the Company through
     melalui DCM melakukan pembelian surat obligasi                    DCM, purchased mandatory convertible bonds
     wajib konversi yang diterbitkan PT Inetindo Infocom               issued by PT Inetindo Infocom (Story-I) amounting
     (Story-I) sebesar Rp16.000.000, yang akan                         to Rp16,000,000 which will be converted into
     dikonversi menjadi saham konversi pada tanggal                    convertible shares on the maturity date with a term
     jatuh tempo dengan jangka waktu tiga (3) tahun                    of three (3) years after the issuance date. The
     setelah tanggal penerbitan. Obligasi konversi ini                 convertible bonds' interest rate is equal to BI 7-day
     memiliki tingkat suku bunga sebesar BI 7-day                      (Reverse) Repo Rate + 5% per annum.
     (Reverse) Repo Rate + 5% per tahun.



                                                           84
Page 429
                                                                The original consolidated financial statements included herein
                                                                                              are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                         PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                            NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                               FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                        As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                               For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                             (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


7.   PERSEDIAAN - NETO                                         7.     INVENTORIES - NET

     Akun ini terdiri dari:                                           This account consists of:

                                               31 Desember/December 31

                                                2023                 2022

     Telepon selular dan tablet              6.312.013.265      4.031.552.894                      Cellular phones and tablets
     Komputer dan
        peralatan elektronik lainnya           459.017.638        426.704.190           Computer and other electronic devices
     Produk operator                            64.521.091         68.444.340                               Operator product
     Suku cadang                                25.497.682        105.752.347                                     Spareparts
     Aksesoris dan lain-lain                 1.469.142.127      1.533.995.188                        Accessories and others
     Barang dalam perjalanan                    28.587.383        125.396.481                                Goods in transit

     Total                                   8.358.779.186      6.291.845.440                                             Total
     Cadangan keusangan dan                                                                   Allowance for obsolescence and
        penurunan nilai persediaan            (312.178.812)         (227.178.832)             decline in value of inventories

     Neto                                    8.046.600.374      6.064.666.608                                              Net


     Mutasi cadangan keusangan dan penurunan nilai                    The movements of allowance for obsolescence and
     persediaan adalah sebagai berikut:                               decline in value of inventories are as follows:

                                               Tahun yang Berakhir pada
                                                 Tanggal 31 Desember/
                                               Year Ended December 31

                                                2023                 2022

      Saldo awal tahun                         227.178.832          194.536.356                   Balance at beginning of year
      Penyisihan selama                                                                                               Provision
        tahun berjalan (Catatan 28)             84.999.980           32.642.476                   during the year (Note 28)

      Saldo akhir tahun                        312.178.812          227.178.832                       Balance at end of year


     Berdasarkan hasil penelaahan berkala terhadap                    Based on the review of the physical condition of the
     keadaan fisik dan nilai realisasi neto persediaan,               inventories and net realizable value of inventories,
     manajemen Grup berkeyakinan bahwa cadangan                       the Group’s management believe that the allowance
     keusangan dan penurunan nilai persediaan pada                    for obsolescence and decline in value of inventories
     tanggal 31 Desember 2023 dan 2022 telah                          as of December 31, 2023 and 2022 are adequate to
     memadai untuk menutup kemungkinan kerugian                       cover possible losses arising from obsolescence
     keusangan dan penurunan nilai persediaan.                        and decline in value of inventories.




                                                          85
Page 430
                                                               The original consolidated financial statements included herein
                                                                                             are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                        PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                              FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                       As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                              For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                            (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


7.   PERSEDIAAN - NETO (lanjutan)                             7.    INVENTORIES - NET (continued)

     Pada tanggal 31 Desember 2023, Perusahaan dan                  As of December 31, 2023, the Company and certain
     entitas     anak     tertentu      mengasuransikan             subsidiaries’ inventories are covered by insurance
     persediaannya terhadap risiko kebakaran dan risiko             against fire and other risks under blanket policies of
     lainnya berdasarkan suatu paket polis tertentu                 Rp7,589,719,980 to several third party insurance
     dengan       nilai     pertanggungan        sebesar            companies, PT Asuransi Etiqa Internasional
     Rp7.589.719.980 kepada beberapa perusahaan                     Indonesia, PT Asuransi Umum BCA, PT Arthagraha
     asuransi pihak ketiga, antara lain PT Asuransi Etiqa           General Insurance, Generali Insurance Malaysia
     Internasional Indonesia, PT Asuransi Umum BCA,                 Berhad, Liberty Insurance Pte. Ltd., Etiqa Insurance
     PT Arthagraha General Insurance, Generali                      Pte. Ltd., Allied World Company Ltd., Tiong Bahru
     Insurance Malaysia Berhad, Liberty Insurance Pte.              Plaza LLP, AXA Affin General Insurance Berhad,
     Ltd., Etiqa Insurance Pte. Ltd., Allied World                  Sompo Insurance Pte. Ltd. and Berjaya Sompo
     Company Ltd., Tiong Bahru Plaza LLP, AXA Affin                 Insurance Berhad. The Group’s management
     General Insurance Berhad, Sompo Insurance Pte.                 believe that the insurance coverage is adequate to
     Ltd. dan Berjaya Sompo Insurance Berhad.                       cover possible losses arising from such risks.
     Manajemen Grup berkeyakinan bahwa nilai
     pertanggungan tersebut cukup untuk menutupi
     kemungkinan kerugian.

     Pada tanggal 31 Desember 2023 dan 2022, seluruh                As of December 31, 2023 and 2022, all of the
     persediaan para Debitur seperti yang diungkapkan               Debitors’ inventories as stated in Note 16, are
     pada Catatan 16, dijaminkan untuk fasilitas utang              pledged as collateral for bank loan facilities.
     bank.


8.   UANG MUKA                                                8.    ADVANCES

     Akun ini terdiri dari:                                         This account consists of:

                                                31 Desember/December 31

                                                  2023             2022

     Uang muka:                                                                                                Advances:
      Uang muka pembelian:                                                                   Advances for purchase of:
        Produk operator                          87.626.036        107.101.374                     Operator product
        Telepon selular                          69.418.516        410.252.158                      Cellular phones
        Aksesoris dan lain-lain                  95.003.309        129.961.942                Accessories and others
      Uang muka untuk pembayaran                                                              Advances for payment of
        kegiatan operasional                     12.980.597         54.258.222                 operational expenses
      Uang muka untuk pembelian                                                                    Advances for share
        saham                                     1.495.000          8.771.601                          subscription

     Total                                      266.523.458        710.345.297                                        Total




                                                         86
Page 431
                                                              The original consolidated financial statements included herein
                                                                                            are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                    PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                           AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                       NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                          FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                   As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                          For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                        (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                   Unless Otherwise Stated)


9.   BIAYA DIBAYAR DI MUKA                                    9.     PREPAID EXPENSES

     Akun ini terdiri dari:                                          This account consists of:

                                               31 Desember/December 31

                                                2023               2022

     Biaya dibayar di muka:                                                                             Prepaid expenses:
        Sewa                                     9.984.956           3.714.502                                    Rent
        Asuransi                                   817.860             599.843                               Insurance
        Lain-lain                               12.249.640           3.815.812                                   Others

     Total                                      23.052.456           8.130.157                                       Total




10. UANG MUKA PEMBELIAN ASET TETAP DAN                        10. ADVANCES FOR PURCHASE OF FIXED ASSETS
    ASET TAKBERWUJUD                                              AND INTANGIBLE ASSETS

     Pada tanggal 31 Desember 2023 dan 2022, uang                    As of December 31, 2023 and 2022, advances for
     muka pembelian aset tetap, merupakan uang muka                  purchases of fixed assets, is advance for purchase
     pembelian bangunan dan beberapa bidang tanah.                   of building and several piece of land.

     Pada tahun 2023, uang muka pembelian aset tetap                 On 2023, the advance for purchase of fixed assets
     sebesar Rp46.041.296 telah direklasifikasi menjadi              amounted to Rp46,041,296 has been reclassified to
     aset dalam penyelesaian bangunan dan prasarana.                 construction in progress - building and
     Aset tetap berupa tanah senilai Rp65.618.182 juga               improvements. Fixed assets in form of land
     direklasifikasi menjadi uang muka pembelian aset                amounted to Rp65,618,182, is also reclassified to
     tetap setelah tanah tersebut digunakan sebagai                  advance for purchase of fixed assets after the land
     uang muka pembelian tanah dengan lokasi yang                    is used as down payment for the purchase of a land
     lebih strategis.                                                with more strategic location.

     Pada tahun 2022, uang muka pembelian software                   On 2022, the advance for purchase of software
     sebesar Rp124.720.381 telah direklasifikasi                     amounted to Rp124,720,381 has been reclassified
     menjadi aset tak berwujud.                                      to intangible assets.

     Pada tahun 2022, uang muka pembelian aset tetap                 On 2022, the advance for purchase of fixed assets
     masing-masing sebesar Rp65.618.182 dan                          amounted to Rp65,618,182 and Rp92,840,000,
     Rp92.840.000 telah direklasifikasi menjadi tanah                respectively has been relassified to land and
     dan bangunan.                                                   building improvement.


11. INVESTASI PADA ENTITAS ASOSIASI DAN                      11. INVESTMENTS IN ASSOCIATES AND JOINT
    VENTURA BERSAMA                                              VENTURES

     Detail investasi pada entitas asosiasi dan ventura             The details of investment in associate and joint
     bersama sebagai berikut:                                       ventures are as follows:
                                               31 Desember/December 31
                                                2023               2022
     Nilai tercatat investasi dengan                                                          Carrying value of investment
         Metode Ekuitas :                                                                         with equity method :
         Entitas asosiasi                       65.487.380          59.511.242                   Associated company
         Entitas ventura bersama               399.348.024         341.404.364                          Joint ventures
     Investasi pada entitas asosiasi                                                        Investment in associate and
        dan ventura bersama                    464.835.404         400.915.606                       Joint ventures



                                                       87
Page 432
                                                                  The original consolidated financial statements included herein
                                                                                                are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                        PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                              FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                       As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                              For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                            (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


11. INVESTASI PADA ENTITAS ASOSIASI DAN                           11. INVESTMENTS IN ASSOCIATES AND JOINT
    VENTURA BERSAMA (lanjutan)                                        VENTURES (continued)

   a. Rincian dari investasi pada entitas asosiasi                    a. The details of investment in associates are as
       adalah sebagai berikut:                                           follows:
                                                   31 Desember/December 31
                                                    2023            2022
       Biaya perolehan:                                                                                      Acquisition cost:
          Saldo awal                               70.587.665        70.587.665                         Beginning balance
          Penambahan                                3.675.000                 -                                   Addition
          Total                                    74.262.665        70.587.665                                       Total
       Akumulasi bagian laba (rugi)                                                         Accumulated share of profit (loss)
         entitas asosiasi - neto:                                                                   from associates - net:
         Saldo awal                                (11.076.423)      (5.247.359)                       Beginning balance
         Bagian laba entitas asosiasi                                                                  Share of profit from
           tahun berjalan                           4.708.041         2.551.131     associated companies for the year
                                                                                            Share of other comprehensive
          Bagian penghasilan komprehensif                                                      income from associates
            lain entitas asosiasi tahun berjalan       19.556           283.359                            for the year
          Total                                     (6.348.826)      (2.412.869)                                      Total
       Penjualan/penghapusan                                 -         (593.994)                                 Sale/disposal
       Dividen                                      (2.426.459)      (8.069.560)                                     Dividend
       Nilai tercatat investasi pada                                                         Carrying amount of investment
          pada entitas asosiasi                                                               in associated companies -
          dengan metode ekuitas                    65.487.380        59.511.242                           equity method


       Selama tahun 2023, Eravest Holding Pte Ltd                          During 2023, Eravest Holding Pte Ltd has
       telah menerima deviden dari PT Sushi-Tei                            received cash dividend from PT Sushi-Tei
       Indonesia sebesar Rp2.426.459.                                      Indonesia amounting to Rp2,426,459.

       Selama tahun 2022, PT Bolttech Device                               During 2022, PT Bolttech Device Protection
       Protection    Indonesia     telah  melakukan                        Indonesia has declared interim dividend for 3
       pembagian dividen interim sebanyak 3 (tiga)                         (three)   times    with  total  amount     of
       kali dengan total nilai sebesar Rp29.384.835.                       Rp29,384,835. Until December 31, 2022,
       Sampai dengan tanggal 31 Desember 2022,                             dividend entitled to EAR of Rp7,029,313 and
       dividen yang menjadi bagian EAR sebesar                             has been paid partially amounting to
       Rp7.029.313 dan telah diterima sebagian                             Rp5,994,506 on July 5, 2022, August 18, 2022,
       sebesar Rp5.994.506 pada tanggal 5 Juli 2022,                       and December 12, 2022. The remaining
       18 Agustus 2022, dan 12 Desember 2022.                              amounting to Rp1,034,807 were recorded as
       Sisanya sebesar Rp1.034.807 dicatat sebagai                         dividend receivable.
       piutang dividen.

       Pada tanggal 4 Juli 2023, PT Prakarsa Prima                           On July 4, 2023, PT Prakarsa Prima Sentosa
       Sentosa (“PPS”) bersama dengan pihak ketiga                           (“PPS”) together with third party established
       mendirikan PT Blackhawk Network Indonesia                             PT Blackhawk Network Indonesia (“BHNI”), in
       (“BHNI”), dimana PPS memiliki 35%                                     which PPS owned 35% ownership interests in
       kepemilikan pada BHNI. Jumlah imbalan yang                            BHNI. Total consideration paid by PPS for the
       dibayarkan oleh PPS untuk pendirian BHNI                              establishment of BHNI is amounting to
       adalah sebesar Rp3.675.000.                                           Rp3,675,000.




                                                           88
Page 433
                                                                  The original consolidated financial statements included herein
                                                                                                are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                        PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                              FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                       As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                              For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                            (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


11. INVESTASI PADA ENTITAS ASOSIASI DAN                           11. INVESTMENT IN ASSOCIATES AND JOINT
    VENTURA BERSAMA (lanjutan)                                        VENTURES (continued)

   a.   Berdasarkan Akta Notaris H. Arief Afdal, S.H.,                 a.    Based on Notarial Deed H. Arief Afdal, S.H.,
        M.Kn. No. 51, pada tanggal 31 Desember 2021,                         M.Kn. No. 51, on December 31, 2021, which
        yang telah memperoleh pengesahan dari                                has obtained endorsement from the Minister
        Menteri Hukum dan Hak Asasi Manusia                                  of Law and Human Rights of the Republic of
        Republik Indonesia dengan surat keputusan                            Indonesia with a decree dated on January 10,
        tanggal 10 Januari 2022 No. AHU-AH.01-03-                            2022 No. AHU-AH.01-03-0017284, Company
        0017284, Perusahaan melalui PT Mandiri                               through PT Mandiri Sinergi Niaga (“MSN”)
        Sinergi Niaga (“MSN”) melakukan penarikan                            made a withdrawal of its investment in PT
        investasi atas PT ENB Mobile Care dan atas hal                       ENB Mobile Care and for this, MSN no longer
        ini, MSN sudah tidak memiliki investasi lagi di                      has any investment in PT ENB Mobile Care
        PT ENB Mobile Care (“ENB”). Atas penarikan                           (“ENB”). Due to the withdrawal of the
        investasi ini, MSN menghapus sisa nilai tercatat                     investment, MSN has written-off its remaining
        investasi pada ENB sebesar Rp593.994 pada                            investment in ENB amounted to Rp593,994
        laporan      laba   rugi   dan    penghasilan                        on the consolidated statement of profit or loss
        komprehensif lain konsolidasian untuk tahun                          and other comprehensive income for the year
        yang berakhir pada tanggal 31 Desember 2022.                         ended December 31, 2022.

        Rincian total aset, liabilitas, penjualan neto dan                  The details of total assets, liabilities, net sales
        laba (rugi) tahun berjalan entitas asosiasi                         and profit (loss) for the year of associates are
        adalah sebagai berikut:                                             as follows:
                                              Pada Tanggal dan Untuk Tahun
                                                yang Berakhir pada Tanggal
                                                 31 Desember/As of and for
                                               the Year Ended December 31,
                                                  2023              2022
   PT Bolttech Device Protection Indonesia                                         PT Bolttech Device Protection Indonesia
      Aset                                       264.793.000       157.379.238                                       Assets
      Liabilitas                                 274.409.000       145.804.634                                   Liabilities
      Penjualan neto                             315.983.452       287.882.979                                   Net sales
      Laba (rugi) tahun berjalan                 (21.054.079)        6.873.088                   Profit (loss) for the year

   PT Sushi-Tei Indonesia                                                                             PT Sushi-Tei Indonesia
      Aset                                       254.425.560       408.154.789                                        Assets
      Liabilitas                                 143.327.655       260.517.598                                    Liabilities
      Penjualan neto                             951.376.119       772.144.705                                    Net sales
      Laba tahun berjalan                         61.559.032        28.752.620                           Profit for the year

   PT Citra Anugrah Sukses Abadi                                                            PT Citra Anugrah Sukses Abadi
      Aset                                        16.322.275        16.170.493                                      Assets
      Liabilitas                                     315.928           297.625                                  Liabilities
      Penjualan neto                                       -                 -                                  Net sales
      Laba tahun berjalan                            133.478           116.922                         Profit for the year

   PT Mega Mulia Servindo                                                                           PT Mega Mulia Servindo
      Aset                                           366.000            420.228                                    Assets
      Liabilitas                                   2.197.150          2.244.325                                Liabilities
      Penjualan neto                                       -                  -                                Net sales
      Rugi tahun berjalan                             (7.053)            (1.291)                        Loss for the year

   PT Inovidea Magna Global                                                                       PT Inovidea Magna Global
      Aset                                                    -         294.913                                     Assets
      Liabilitas                                              -               -                                 Liabilities
      Penjualan neto                                          -          12.500                                 Net sales
      Rugi tahun berjalan                                     -        (268.068)                         Loss for the year




                                                             89
Page 434
                                                           The original consolidated financial statements included herein
                                                                                         are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                 PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                        AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                    NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                       FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                       For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                     (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                Unless Otherwise Stated)


11. INVESTASI PADA ENTITAS ASOSIASI DAN                    11. INVESTMENT IN ASSOCIATES AND JOINT
    VENTURA BERSAMA (lanjutan)                                 VENTURES (continued)

   b. Rincian dari investasi pada ventura bersama              b. The details of investment in joint venture are as
      adalah sebagai berikut :                                    follows:

                                           31 Desember/December 31
                                             2023            2022
      Entitas Ventura Bersama                                                                          Joint Ventures
      Biaya perolehan:                                                                                Acquisition cost:
        Saldo awal                         361.752.836       41.901.000                          Beginning balance
        Penambahan                          83.700.000      319.851.836                                    Addition
        Total                              445.452.836      361.752.836                                        Total
      Akumulasi bagian rugi                                                                  Accumulated share of loss
        entitas ventura bersama - neto:                                                    from joint ventures - net:
        Saldo awal                          (20.348.472)      (1.392.235)                        Beginning balance
        Bagian rugi entitas asosiasi                                                             Share of loss from
          tahun berjalan                    (25.539.863)     (18.515.696)            joint ventures for the year
        Bagian rugi                                                                  Share of other comprehensive
          komprehensif lain entitas                                                     loss from joint ventures
          ventura bersama tahun berjalan      (216.477)         (440.541)                           for the year
        Total                               (46.104.812)     (20.348.472)                                      Total
      Nilai tercatat investasi pada                                                   Carrying amount of investment
         pada entitas ventura panjang                                                           in joint ventures -
         dengan metode ekuitas             399.348.024      341.404.364                             equity method


   Berdasarkan Akta Notaris Raden Mas Dendy                    Based on Notarial Deed Raden Mas Dendy
   Soebangil, S.H., M.Kn. No. 12, pada tanggal                 Soebangil,     S.H.,      M.Kn.    No.   12,     on
   29 Maret 2022, PT Era Blu Elektronik menerbitkan            March 29, 2022, PT Era Blu Elektronik issued
   400.449 saham baru dengan nilai nominal                     400,449 new shares with total nominal amount of
   Rp400.449.000 yang diambil bagian oleh EAR dan              Rp400,449,000 which were taken by EAR and The
   The Gioi Di Dong Joint Stock Company, pihak                 Gioi Di Dong Joint Stock Company, third party,
   ketiga, masing-masing sebesar Rp220.225.000                 amounted to Rp220,225,000 and Rp180,225,000,
   dan Rp180.225.000. Setelah peningkatan modal                respectively. After the capital increase, EAR’s
   tersebut, persentase kepemilikan EAR pada                   ownership interest in PT Era Blu Elektronik
   PT Era Blu Elektronik berubah dari 98% menjadi              changed from 98% to become 55%. Furthermore,
   55%. Selanjutnya, berdasarkan Perjanjian Para               based on the Shareholders’ Agreement entered
   Pemegang Saham yang ditandatangani kedua                    into by both parties, PT Era Blu Elektronik is joint
   belah pihak, PT Era Blu Elektronik dikendalikan             controlled by both of its shareholders.
   secara bersama-sama oleh kedua pemegang
   sahamnya.




                                                      90
Page 435
                                                            The original consolidated financial statements included herein
                                                                                          are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                  PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                         AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                     NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                        FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                 As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                        For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                      (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                 Unless Otherwise Stated)


11. INVESTASI PADA ENTITAS ASOSIASI DAN                     11. INVESTMENT IN ASSOCIATES AND JOINT
    VENTURA BERSAMA (lanjutan)                                  VENTURES (continued)

   PT Teknologi Belanja Digital (“TBD”) merupakan              PT Teknologi Belanja Digital (“TBD”) is joint venture
   entitas ventura bersama yang dikendalikan secara            entity which are joint controlled by Eraspace Pte.
   bersama-sama oleh Eraspace Pte. Ltd. dan                    Ltd. and PT Perjuangan Anak Muda, third party, in
   PT Perjuangan Anak Muda, pihak ketiga, dimana               which Eraspace Pte. Ltd. owned 51% of the entity.
   Eraspace Pte. Ltd. memiliki 51% kepemilikan pada            The joint arrangement is governed by the
   entitas tersebut. Pengaturan bersama tersebut               Shareholders’ Agreement signed by Eraspace Pte.
   diatur dalam Perjanjian Para Pemegang Saham                 Ltd. and PT Perjuangan Anak Muda dated
   yang ditandatangani oleh Eraspace Pte. Ltd. dan             March 7, 2022.
   PT Perjuangan Anak Muda tertanggal 7 Maret 2022.

   Berdasarkan Akta Notaris Makmur Tridharma, S.H.,            Based on Notarial Deed Makmur Tridharma, S.H.,
   No. 70, pada tanggal 22 Desember 2023,                      No. 70, on December 22, 2023, the shareholders of
   pemegang saham TBD menyetujui peningkatan                   TBD agreed to increased its fully and paid share
   modal disetor dan ditempatkan penuh sebesar                 capital amounted to Rp2,000,000 which taken by
   Rp2.000.000 yang diambil bagian oleh Eraspace               Eraspace Pte. Ltd. amounted to Rp1,020,000. After
   Pte. Ltd. sebesar Rp1.020.000. Setelah perubahan            the above changes, There is no change in Eraspace
   di atas, tidak ada perubahan kepemilikan Eraspace           Pte. Ltd.’s ownership in TBD.
   Pte. Ltd. pada TBD.

   Berdasarkan Akta Notaris Petty Fatimah, S.H.,               Based on Notarial Deed Petty Fatimah, S.H.,
   M.Hum., M.Kn.,       No.    24,   pada tanggal              M.Hum., M.Kn., No. 24, on May 30, 2023, the
   30 Mei 2023, pemegang saham ECI menyetujui                  shareholders of ECI agreed to increased its fully and
   peningkatan modal disetor dan ditempatkan penuh             paid share capital amounted to Rp25,000,000 which
   sebesar Rp25.000.000 yang diambil bagian oleh               taken by EPI amounted to Rp12,475,000. After the
   EPI sebesar Rp12.475.000. Setelah perubahan di              above changes, the ownership interest of EPI in ECI
   atas, persentase kepemilikan EPI pada ECI adalah            become 49.90%.
   sebesar 49,90%.

   Berdasarkan Akta Notaris Petty Fatimah, S.H.,               Based on Notarial Deed Petty Fatimah, S.H.,
   M.Hum., M.Kn.,       No.   34,    pada tanggal              M.Hum., M.Kn., No. 34, on October 27, 2023, the
   27 Oktober 2023, pemegang saham ECI menyetujui              shareholders of ECI agreed to increased its fully and
   peningkatan modal disetor dan ditempatkan penuh             paid share capital amounted to Rp15,000,000 which
   sebesar Rp15.000.000 yang diambil bagian oleh               taken by EPI amounted to Rp7,485,000. After the
   EPI sebesar Rp7.485.000. Setelah peningkatan                increase in share, there is no change in EPI’s
   saham tersebut, tidak ada perubahan kepemilikan             ownership in ECI.
   EPI pada ECI.

   Pada tanggal 4 Januari 2022, PT Era Prima                   On January 4, 2022, PT Era Prima Indonesia (“EPI”)
   Indonesia (“EPI”) bersama dengan, Caring                    together with Caring Pharmacy Retail Management
   Pharmacy Retail Management Sdn. Bhd. (“CPRM”),              Sdn. Bhd. (“CPRM”), third party, established PT Era
   pihak ketiga, mendirikan PT Era Caring Indonesia            Caring Indonesia (“ECI”), in which EPI owned
   (“ECI”), dimana EPI memiliki 49,88% kepemilikan             49.88% ownership interests in ECI. Total
   pada ECI. Jumlah imbalan yang dibayarkan oleh               consideration paid by EPI for the establishment of
   EPI untuk pendirian ECI adalah sebesar                      ECI is amounting to Rp5,003,000. Based on ECI’s
   Rp5.003.000. Berdasarkan Anggaran Dasar ECI,                Articles of Association, EPI and CPRM joint
   EPI     dan     CPRM     secara     bersama-sama            controlled ECI. In addition, EPI and CPRM also
   mengendalikan ECI. Selain itu, EPI dan CPRM juga            entered into a Governance Agreement on PT Era
   menandatangani Perjanjian Tata Kelola atas PT Era           Farma Indonesia (“EFI”), where CPRM as the
   Farma Indonesia (“EFI”), dimana CPRM sebagai                investor of the convertible bonds issued by EFI is
   pemegang obligasi konversi yang diterbitkan EFI             obtaining the joint control with EPI to control EFI.
   mendapatkan pengendalian bersama dengan EPI                 Accordingly, EPI’s investment in ECI and EFI are
   untuk mengendalikan EFI. Sehingga investasi EPI             accounted as investment in joint ventures.
   pada ECI dan EFI dicatat sebagai investasi pada
   entitas ventura bersama.


                                                       91
Page 436
                                                             The original consolidated financial statements included herein
                                                                                           are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                   PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                          AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                      NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                         FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                  As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                         For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                       (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                  Unless Otherwise Stated)


11. INVESTASI PADA ENTITAS ASOSIASI DAN                      11. INVESTMENT IN ASSOCIATES AND JOINT
    VENTURA BERSAMA (lanjutan)                                   VENTURES (continued)

   Pada tanggal 13 Desember 2023, obligasi konversi             As of December 13, 2023, the convertible bonds
   yang dimiliki CPRM dialihkan ke Indo Ventures Sdn.           held by CPRM is transferred to Indo Ventures Sdn.
   Bhd. Setelah pengalihan tersebut Anggaran Dasar              Bhd. After the transfer, the Articles of Association of
   EFI juga disesuaikan, dan EFI menjadi dikendalikan           EFI is also amended accordingly and EFI become
   secara bersama-sama oleh EPI dan Indo Ventures               joint controlled by EPI and Indo Ventures Sdn. Bhd.
   Sdn. Bhd.

   Pada tanggal 13 Desember 2023, investasi yang                As of December 13, 2023, the investment held by
   dimiliki CPRM dialihkan ke Indo Ventures Sdn. Bhd.           CPRM is transferred to Indo Ventures Sdn. Bhd.
   Setelah pengalihan tersebut Anggaran Dasar ECI               After the transfer, the articles of Association of ECI
   juga disesuaikan, dan ECI menjadi dikendalikan               is also amended accordingly and ECI becaome joint
   secara bersama-sama oleh EPI dan Indo Ventures               controlled by EPI and Indo Ventures Sdn. Bhd.
   Sdn. Bhd.

   Berdasarkan Akta Notaris Petty Fatimah, S.H.,                Based on Notarial Deed Petty Fatimah, S.H.,
   M.Hum., M.Kn.,      No.   19,   pada tanggal                 M.Hum., M.Kn., No. 19, on October 28, 2022, the
   28 Oktober 2022, pemegang saham JDFI                         shareholders of JDFI agreed to increased its fully
   menyetujui peningkatan modal disetor dan                     and paid share capital amounted to Rp100,000,000
   ditempatkan penuh sebesar Rp100.000.000 yang                 which taken by SES amounted to Rp49,000,000.
   diambil bagian oleh SES sebesar Rp49.000.000.                After the increase in share, there is no change in
   Setelah peningkatan saham tersebut, tidak ada                SES’s ownership in JDFI.
   perubahan kepemilikan SES pada JDFI.

   JDFD dan JDFI merupakan entitas ventura bersama              JDFD and JDFI are joint venture entities which are
   yang dikendalikan secara bersama-sama oleh SES               joint controlled by SES and JD Sports Fashion PLC,
   dan JD Sports PLC, pihak ketiga, dimana SES                  third party, in which SES owned 51% and 49% of the
   memiliki masing-masing 51% dan 49% kepemilikan               entities, respectively. The joint arrangement is
   pada entitas tersebut. Pengaturan bersama                    governed by the Shareholders’ Agreement signed
   tersebut diatur dalam Perjanjian Para Pemegang               by SES and JD Sports PLC dated July 28, 2021.
   Saham yang ditandatangani oleh SES dan JD
   Sports Fashion PLC tertanggal 28 Juli 2021.

   Pada tanggal 7 September 2023, SES bersama                   On September 7, 2023, SES together with MST Golf
   dengan MST Golf Group Berhad, pihak ketiga                   Group Berhad, third party established PT MST Golf
   mendirikan PT MST Golf Indonesia (“MSTI”), yang              Indonesia (“MSTI”) which is incorporated in
   didirikan di Indonesia, dimana SES memiliki 49%              Indonesia, in which SES owned 49% ownership
   kepemilikan pada MSTI. Jumlah imbalan yang                   interests in MSTI. Total consideration paid by SES
   dibayarkan oleh SES untuk pendirian MSTI adalah              for the establishment of MSTI amounted to
   sebesar Rp4.949.000.                                         Rp4,949,000.

   Berdasarkan Akta Notaris Fandy Aryana, S.H.,                 Based on Notarial Deed Fandy Aryana, S.H., M.Kn.,
   M.Kn., No. 5, pada tanggal 22 Desember 2023,                 No. 5, on December 22, 2023, the shareholders of
   pemegang saham MSTI menyetujui peningkatan                   MSTI agreed to increased its fully and paid share
   modal disetor dan ditempatkan penuh sebesar                  capital amounted to Rp117,900,000 which taken by
   Rp117.900.000 yang diambil bagian oleh SES                   SES amounted to Rp57,771,000. After the above
   sebesar Rp57.771.000. Setelah perubahan di atas,             changes, there is no change in SES’s ownership in
   tidak ada perubahan kepemilikan SES pada MSTI.               MSTI.




                                                        92
Page 437
                                                                  The original consolidated financial statements included herein
                                                                                                are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                        PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                              FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                       As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                              For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                            (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


11. INVESTASI PADA ENTITAS ASOSIASI DAN                           11. INVESTMENT IN ASSOCIATES AND JOINT
    VENTURA BERSAMA (lanjutan)                                        VENTURES (continued)

   MSTI merupakan entitas ventura bersama yang                       MSTI is joint venture entity which are joint controlled
   dikendalikan secara bersama-sama oleh SES dan                     by SES and MST Golf Group Berhad, third party, in
   MST Golf Group Berhad, pihak ketiga, dimana SES                   which SES owned 49% of the entity. The joint
   memiliki 49% kepemilikan pada entitas tersebut.                   arrangement is governed by the Shareholders’
   Pengaturan bersama tersebut diatur dalam                          Agreement signed by SES and MST Golf Group
   Perjanjian Para Pemegang Saham yang                               Berhad dated August 29, 2023.
   ditandatangani oleh SES dan MST Golf Group
   Berhad tertanggal 29 Agustus 2023.

   Rincian total aset, liabilitas, penjualan neto dan laba           The details of total assets, liabilities, net sales and
   (rugi) tahun berjalan entitas ventura bersama                     profit (loss) for the year of joint ventures are as
   adalah sebagai berikut:                                           follows:

                                               Pada Tanggal dan Untuk Tahun
                                                 yang Berakhir pada Tanggal
                                                  31 Desember/As of and for
                                                the Year Ended December 31,
                                                   2023             2022
   PT Era Blu Elektronik                                                                               PT Era Blu Elektronik
      Aset                                       550.702.097       441.399.115                                      Assets
      Liabilitas                                 196.314.215        50.705.884                                  Liabilities
      Penjualan neto                             280.316.952        14.722.060                                  Net sales
      Rugi tahun berjalan                        (36.175.461)       (9.806.770)                          Loss for the year

   PT JDSports Fashion Indonesia                                                            PT JDSports Fashion Indonesia
      Aset                                       347.143.695       282.249.285                                       Assets
      Liabilitas                                 162.910.992       117.357.457                                   Liabilities
      Penjualan neto                             439.561.232       199.555.962                                   Net sales
      Laba (rugi) tahun berjalan                  19.340.875        (7.354.191)                  Profit (loss) for the year

   PT MST Golf Indonesia                                                                              PT MST Golf Indonesia
      Aset                                       154.595.715                   -                                    Assets
      Liabilitas                                  27.152.602                   -                                Liabilities
      Penjualan neto                                 505.684                   -                                Net sales
      Rugi tahun berjalan                         (1.426.105)                  -                         Loss for the year

   PT Era Farma Indonesia                                                                            PT Era Farma Indonesia
      Aset                                        72.550.811        64.914.776                                      Assets
      Liabilitas                                  65.282.129        40.428.077                                  Liabilities
      Penjualan neto                              44.587.572         9.106.884                                  Net sales
      Rugi tahun berjalan                        (17.218.018)         (931.020)                          Loss for the year

   PT JDSports Fashion Distribution                                                       PT JDSports Fashion Distribution
      Aset                                        65.402.408        47.583.230                                      Assets
      Liabilitas                                  36.966.286        31.281.518                                  Liabilities
      Penjualan neto                             314.700.865       206.083.866                                  Net sales
      Laba tahun berjalan                         12.134.410         6.293.720                         Profit for the year

   PT Era Caring Indonesia                                                                          PT Era Caring Indonesia
      Aset                                        46.035.467         40.478.166                                     Assets
      Liabilitas                                  16.080.462         24.911.097                                 Liabilities
      Penjualan neto                              47.682.931          2.573.674                                 Net sales
      Rugi tahun berjalan                        (25.612.063)       (24.429.901)                         Loss for the year




                                                             93
Page 438
                                                                             The original consolidated financial statements included herein
                                                                                                           are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                                    PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                                           AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                                       NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                          FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                                   As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                                          For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                                        (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                                   Unless Otherwise Stated)


11. INVESTASI PADA ENTITAS ASOSIASI DAN                                   11. INVESTMENT IN ASSOCIATES AND JOINT
    VENTURA BERSAMA (lanjutan)                                                VENTURES (continued)

   Rincian total aset, liabilitas, penjualan neto dan                            The details of total assets, liabilities, net sales and
   laba (rugi) tahun berjalan entitas asosiasi adalah                            profit (loss) for the year of associates are as
   sebagai berikut: (lanjutan)                                                   follows: (continued)
                                                  Pada Tanggal dan Untuk Tahun
                                                    yang Berakhir pada Tanggal
                                                     31 Desember/As of and for
                                                   the Year Ended December 31,
                                                       2023                     2022

   PT Teknologi Belanja Digital                                                                                    PT Teknologi Belanja Digital
      Aset                                            31.816.904                 32.836.466                                           Assets
      Liabilitas                                      21.835.487                 22.974.931                                       Liabilities
      Penjualan neto                                           -                            -                                     Net sales
      Rugi tahun berjalan                             (1.876.199)                   (238.465)                              Loss for the year


12. INVESTASI PROPERTI - NETO                                              12. INVESTMENT PROPERTIES - NET
   Akun ini terdiri dari:                                                         This account consists of:
                                                Tahun yang Berakhir pada Tanggal 31 Desember 2023/
                                                          Year Ended December 31, 2023

                                                                            Selisih Kurs
                                                                             Penjabaran
                                                                              Laporan
                                                                             Keuangan/
                                                                            Difference in
                                  Saldo Awal/                             Foreign Currency       Saldo Akhir/
                                   Beginning            Penambahan/           Financial            Ending
                                    Balance              Additions           Statements            Balance

   Biaya Perolehan                                                                                                                            Cost
   Bangunan dan prasarana          18.399.853                         -        (1.107.328)           17.292.525          Building and improvements

   Akumulasi Penyusutan                                                                                                 Accumulated Depreciation
   Bangunan dan prasarana          (3.699.998)               (351.347)            222.993            (3.828.352)         Building and improvements

   Nilai Buku Neto                 14.699.855                                                        13.464.173                   Net Book Value


                                         Tahun yang Berakhir pada Tanggal 31 Desember 2022/
                                                      Year Ended December 31, 2022

                                                                            Selisih Kurs
                                                                             Penjabaran
                                                                              Laporan
                                                                             Keuangan/
                                                                            Difference in
                                  Saldo Awal/                             Foreign Currency       Saldo Akhir/
                                   Beginning            Penambahan/           Financial            Ending
                                    Balance              Additions           Statements            Balance

   Biaya Perolehan                                                                                                                            Cost
   Bangunan dan prasarana          17.674.724                         -           725.129            18.399.853          Building and improvements

   Akumulasi Penyusutan                                                                                                 Accumulated Depreciation
   Bangunan dan prasarana          (3.195.401)               (354.749)           (149.848)           (3.699.998)         Building and improvements

   Nilai Buku Neto                 14.479.323                                                        14.699.855                   Net Book Value


   Beban penyusutan untuk tahun yang berakhir pada                                Depreciation expenses for the years ended
   tanggal-tanggal 31 Desember 2023 dan 2022                                      December 31, 2023 and 2022 being recorded as
   dicatat sebagai bagian dari “Beban Umum dan                                    part of “General and Administrative Expenses” in the
   Administrasi” pada laporan laba rugi dan                                       consolidated statements of profit or loss and other
   penghasilan komprehensif lain konsolidasian.                                   comprehensive income.


                                                                94
Page 439
                                                                                        The original consolidated financial statements included herein
                                                                                                                      are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                                              PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                                                     AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                                                 NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                                    FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                                             As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                                                    For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                                                  (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                                             Unless Otherwise Stated)


13. ASET TETAP - NETO                                                                 13. FIXED ASSETS - NET
   Akun ini terdiri dari:                                                                   This account consists of:
                                                    Tahun yang Berakhir pada Tanggal 31 Desember 2023/
                                                              Year Ended December 31, 2023

                                                                                                       Selisih Kurs
                                                                                                       Penjabaran
                                                                                                         Laporan
                                                                                                        Keuangan/
                                                                                                       Difference in
                                Saldo Awal/                                                          Foreign Currency    Saldo Akhir/
                                 Beginning       Penambahan/      Pengurangan/      Reklasifikasi/       Financial         Ending
                                  Balance         Additions        Deductions      Reclassifications   Statements          Balance
   Biaya Perolehan                                                                                                                                                Cost
   Kepemilikan langsung                                                                                                                               Direct ownership
   Tanah                          266.773.754               -                 -       (44.648.416)                -       222.125.338                             Land
   Bangunan dan prasarana       1.189.147.584     161.417.419       (15.084.005)      345.382.880        (9.529.018)    1.671.334.860        Building and improvements
   Kendaraan                       16.197.437       1.806.805        (1.152.433)          823.334          (434.280)       17.240.863                          Vehicles

   Peralatan kantor dan
     outlet                      469.911.236      190.990.435        (7.542.689)       20.195.148        (8.950.884)      664.603.246        Office and outlet equipment
   Mesin                          33.341.515        2.074.248                 -         2.495.051                 -        37.910.814                        Machineries
   Perlengkapan dan perabotan    208.686.506      104.484.607        (3.192.966)       74.188.156        (4.916.206)      379.250.097               Furniture and fixtures

   Aset dalam penyelesaian                                                                                                                   Construction in progress
   Bangunan dan prasarana        231.989.374      561.200.802         (640.452)      (440.286.222)                -       352.263.502        Building and improvements

   Total biaya perolehan        2.416.047.406    1.021.974.316      (27.612.545)      (41.850.069)      (23.830.388)    3.344.728.720                          Total cost

   Akumulasi Penyusutan                                                                                                                     Accumulated Depreciation
   Kepemilikan langsung                                                                                                                               Direct ownership
   Bangunan dan prasarana        (479.882.115)    (162.190.835)      9.970.309           (173.105)        2.932.895      (629.342.851)       Building and improvements
   Kendaraan                       (9.684.069)      (1.600.183)      1.152.429                   -          203.044        (9.928.779)                         Vehicles
   Peralatan kantor dan
     outlet                      (219.657.943)    (104.662.756)      6.122.926          7.768.570         3.212.030      (307.217.173)       Office and outlet equipment
   Mesin                          (28.215.744)      (1.071.622)              -         (1.045.120)                -       (30.332.486)                       Machineries
   Perlengkapan dan perabotan    (102.029.142)     (46.795.431)      2.169.432            845.053         1.941.186      (143.868.902)              Furniture and fixtures

   Subtotal                      (839.469.013)    (316.320.827)     19.415.096          7.395.398         8.289.155     (1.120.690.191)                         Sub-total

   Akumulasi Rugi                                                                                                                                         Accumulated
   Penurunan Nilai                                                                                                                                    Impairment Loss
   Bangunan dan prasarana          (3.447.559)      (3.490.187)                -                -                 -         (6.937.746)      Building and improvements

   Total akumulasi depresiasi                                                                                                             Total accumulated depreciation
     dan penurunan nilai         (842.916.572)    (319.811.014)     19.415.096          7.395.398         8.289.155     (1.127.627.937)           and impairment loss

   Nilai Buku Neto              1.573.130.834                                                                           2.217.100.783                  Net Book Values




                                                                          95
Page 440
                                                                                                     The original consolidated financial statements included herein
                                                                                                                                   are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                                                           PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                                                                  AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                                                              NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                                                          As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                                                                 For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                                                               (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                                                          Unless Otherwise Stated)


13. ASET TETAP - NETO (lanjutan)                                                                13. FIXED ASSETS - NET (continued)
   Akun ini terdiri dari: (lanjutan)                                                                    This account consists of: (continued)

                                                            Tahun yang Berakhir pada Tanggal 31 Desember 2022/
                                                                      Year Ended December 31, 2022

                                                                                   Saldo dari                      Selisih Kurs
                                                                                    Entitas                         Penjabaran
                                                                                   Anak pada                          Laporan
                                                                               Tanggal Hilangnya                    Keuangan/
                                                                                 Pengendalian/                     Difference in
                                 Saldo Awal/                                      Balance of a                  Foreign Currency      Saldo Akhir/
                                  Beginning       Penambahan/      Pengurangan/ Subsidiary upon Reklasifikasi/       Financial          Ending
                                   Balance         Additions        Deductions  Loss of Control Reclassifications Statements            Balance
   Biaya Perolehan                                                                                                                                                            Cost
   Kepemilikan langsung                                                                                                                                            Direct ownership

   Tanah                          201.155.542                 -                -               -         65.618.212              -      266.773.754                             Land
   Bangunan dan prasarana         837.396.260       122.085.814          (45.290)     (1.620.285)       207.943.478     23.387.607    1.189.147.584        Building and improvements

    Kendaraan                      14.596.680         2.612.897       (1.386.356)                -                 -      374.216        16.197.437                          Vehicles
    Peralatan kantor dan
         outlet                   269.942.725       191.927.847       (1.592.093)         (277.492)        2.196.795     7.713.454      469.911.236       Office and outlet equipment
    Mesin                          29.716.748         3.624.767                -                 -                 -             -       33.341.515                       Machineries

    Perlengkapan dan perabotan 134.629.457           51.582.336           (6.554)                -       18.230.567      4.250.700      208.686.506             Furniture and fixtures

    Aset dalam penyelesaian                                                                                                                                Construction in progress
    Bangunan dan prasarana         17.041.096       355.601.522                -                 -      (140.653.244)            -      231.989.374        Building and improvements

    Total biaya perolehan        1.504.478.508      727.435.183       (3.030.293)     (1.897.777)       153.335.808     35.725.977    2.416.047.406                        Total cost

    Akumulasi Penyusutan                                                                                                                                  Accumulated Depreciation
    Kepemilikan langsung                                                                                                                                            Direct ownership
    Bangunan dan prasarana        (376.498.965)    (102.283.801)          44.101         1.515.089         2.087.920    (4.746.459)    (479.882.115)       Building and improvements

    Kendaraan                       (9.244.248)      (1.371.719)       1.105.642                 -                 -      (173.744)      (9.684.069)                         Vehicles
    Peralatan kantor dan
        outlet                    (162.760.851)     (62.798.824)       1.518.653          139.209          6.180.204    (1.936.334)    (219.657.943)      Office and outlet equipment
    Mesin                          (27.822.164)        (405.585)               -                -             12.005             -      (28.215.744)                      Machineries

    Perlengkapan dan perabotan (75.784.085)         (24.555.596)           6.554                 -           (12.005)   (1.684.010)    (102.029.142)            Furniture and fixtures

    Subtotal                      (652.110.313)    (191.415.525)       2.674.950         1.654.298         8.268.124    (8.540.547)    (839.469.013)                        Sub-total

    Akumulasi Rugi                                                                                                                                                      Accumulated
       Penurunan Nilai                                                                                                                                            Impairment Loss
    Bangunan dan prasarana            (456.059)               -                -                 -        (2.991.500)            -       (3.447.559)       Building and improvements

    Total akumulasi depresiasi                                                                                                                         Total accumulated depreciation
        dan penurunan nilai       (652.566.372)    (191.415.525)       2.674.950         1.654.298         5.276.624    (8.540.547)    (842.916.572)           and impairment loss

    Nilai Buku Neto               851.912.136                                                                                         1.573.130.834                 Net Book Values




                                                                                    96
Page 441
                                                             The original consolidated financial statements included herein
                                                                                           are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                   PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                          AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                      NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                         FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                  As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                         For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                       (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                  Unless Otherwise Stated)


13. ASET TETAP - NETO (lanjutan)                            13. FIXED ASSETS - NET (continued)

   Beban penyusutan untuk tahun yang berakhir pada              Depreciation expenses charged to operations for
   tanggal-tanggal 31 Desember 2023 dan 2022 yang               the years ended December 31, 2023 and 2022
   dicatat sebagai bagian dari “Beban Umum dan                  being recorded as part of “General and
   Administrasi” pada laporan laba rugi dan                     Administrative Expenses” in the consolidated
   penghasilan komprehensif lain konsolidasian                  statement of profit or loss and other comprehensive
   (Catatan 28).                                                income (Note 28).

   Selama tahun 2023, uang muka pembelian aset                  During 2023, advances for purchase of fixed assets
   tetap dengan nilai buku sebesar Rp46.041.296                 with net book value of Rp46,041,296, were
   direklasifikasikan sebagai tanah dan aset dalam              reclassified as land and construction in progress
   penyelesaian yang merupakan bagian dari akun                 which are part of the “Fixed Assets” account.
   “Aset Tetap”.

   Aset tetap berupa tanah senilai Rp65.618.182 juga            Fixed assets in form of land amounted to
   direklasifikasi menjadi uang muka pembelian aset             Rp65,618,182, is also reclassified to advance for
   tetap setelah tanah tersebut digunakan sebagai               purchase of fixed assets after the land is used as
   uang muka pembelian tanah dengan lokasi yang                 down payment for the purchase of a land with more
   lebih strategis.                                             strategic location.

   Selama tahun 2023, peralatan kantor dan outlet dan           During 2023, office and outlet equipment and
   aset dalam penyelesaian dengan nilai buku                    construction in progress with net book value of
   Rp14.459.785 dan Rp418.000 direklasfisikasikan               Rp14,459,785 and Rp418,000, respectively were
   sebagai persediaan dan aset takberwujud.                     reclassified as inventories and Intangible asset.

   Selama tahun 2022, uang muka pembelian aset                  During 2022, advances for purchase of fixed assets
   tetap dengan nilai buku masing-masing sebesar                with net book value of Rp65,618,212 and
   Rp65.618.212 dan Rp92.840.000 direklasifikasikan             Rp92,840,000, respectively, were reclassified as
   sebagai tanah dan bangunan dan prasarana yang                land and building improvement which are part of the
   merupakan bagian dari akun “Aset Tetap”                      “Fixed Assets” account.

   Rincian keuntungan penjualan aset tetap untuk                 The details of gain on sale of fixed assets for the
   tahun yang berakhir pada tanggal-tanggal                      years ended December 31, 2023 and 2022 are as
   31 Desember 2023 dan 2022 adalah sebagai                      follows:
   berikut:
                                             Tahun yang Berakhir pada
                                               Tanggal 31 Desember/
                                             Year Ended December 31
                                              2023             2022
    Hasil penjualan aset tetap                 1.669.725           655.410             Proceeds from sale of fixed assets
    Nilai buku aset tetap yang dijual         (8.197.449)         (355.343)            Net book value of fixed assets sold
    Keuntungan (kerugian) penjualan                                                                  Gain (loss) on sale
      aset tetap - neto (Catatan 29)          (6.527.724)          300.067              of fixed assets - net (Note 29)


   Pada tanggal 31 Desember 2023 dan 2022, tanah                 As of December 31, 2023 dan 2022, land owned by
   milik Grup tertentu dengan luas keseluruhan                   the Company and certain subsidiaries with total area
   masing-masing sebesar 20.999 dan 25.210 meter                 of 20,999 and 25,210 square meters respectively
   persegi yang terletak di Jawa dan Bali merupakan              are located in Java and Bali and were all in the form
   tanah dengan status Hak Guna Bangunan (“HGB”).                of Building Rights (“HGB”). The related HGBs will
   HGB tersebut akan berakhir pada berbagai tanggal              expire on various dates ranging from 2024 to 2051
   antara tahun 2024 sampai dengan tahun 2051 dan                and the management believe that these rights can
   menurut keyakinan manajemen, hak ini dapat                    be renewed upon their expiry.
   diperpanjang pada saat berakhirnya hak tersebut.



                                                      97
Page 442
                                                               The original consolidated financial statements included herein
                                                                                             are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                     PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                            AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                        NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                           FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                    As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                           For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                         (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                    Unless Otherwise Stated)


13. ASET TETAP - NETO (lanjutan)                               13. FIXED ASSETS - NET (continued)

   Pada tanggal 31 Desember 2023, aset dalam                       As of December 31, 2023, construction in progress
   penyelesaian merupakan pembangunan renovasi                     represents the construction of improvement on
   dari bangunan milik entitas anak yang sudah akan                building own by subsidiaries which is close to its
   selesai dan diestimasi akan selesai pada 2024.                  completion and is expected to be completed on
   Pada tanggal laporan keuangan, persentase                       2024. As of the date of these financial statements,
   penyelesaian atas aset tetap dalam pembangunan                  the percentage of completion of these renovation
   ini antara 30 - 90%.                                            are between 30 - 90%.

   Pada tanggal 31 Desember 2023 dan 2022, aset                    As of December 31, 2023 and 2022, the Group’s
   tetap milik Grup diasuransikan terhadap risiko                  fixed assets are covered by insurance against fire
   kebakaran dan risiko lainnya berdasarkan suatu                  and other risks under blanket policies of
   paket polis tertentu dengan nilai pertanggungan                 Rp1,725,295,374 and Rp660,400,317, respectively,
   sebesar masing-masing sebesar Rp1.725.295.374                   with     third    party    insurance  companies,
   dan Rp660.400.317 pada beberapa perusahaan                      PT Asuransi Etiqa Internasional Indonesia,
   asuransi pihak ketiga, antara lain PT Asuransi Etiqa            PT Asuransi Umum BCA, PT Arthagraha
   Internasional Indonesia, PT Asuransi Umum BCA,                  International Insurance, Generali Insurance
   PT Arthagraha General Insurance, Generali                       Malaysia Berhad and Berjaya Sompo Insurance
   Insurance Malaysia Berhad dan Berjaya Sompo                     Berhad. The Group’s management believe that the
   Insurance Berhad. Manajemen Grup berkeyakinan                   insurance coverage is adequate to cover possible
   bahwa nilai pertanggungan tersebut adalah                       losses arising from such risks.
   memadai untuk menutupi kemungkinan kerugian
   atas risiko-risiko tersebut.

   Pada tanggal 31 Desember 2023 dan 2022, tanah                   As of December 31, 2023 and 2022, land and
   dan bangunan Perusahaan dan entitas anak                        building of the Company and certain subsidiaries
   tertentu dengan nilai buku neto masing-masing                   with net book value of Rp401,378,432 and
   sebesar Rp401.378.432 dan Rp350.550.198                         Rp350,550,198, respectively, are pledged as
   dijaminkan terhadap fasilitas utang bank                        collateral for bank loan facilities (Note 16).
   (Catatan 16).

   Pada tanggal 31 Desember 2023, manajemen                        As of December 31, 2023, the Group’s management
   Grup berpendapat bahwa terdapat situasi atau                    believes that there is event or condition that may
   keadaan yang memberikan indikasi terjadinya                     indicate impairment of building and improvement.
   penurunan nilai bangunan dan prasarana sehingga                 Management recorded impairment amounting to
   manajemen membukukan penurunan nilai sebesar                    Rp3,490,187.
   Rp3.490.187.




                                                          98
Page 443
                                                                     The original consolidated financial statements included herein
                                                                                                   are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                           PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                              NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                          As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                                 For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                               (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                          Unless Otherwise Stated)


14. ASET TAKBERWUJUD - NETO                                          14. INTANGIBLE ASSETS - NET

   Rincian dari aset takberwujud adalah sebagai                         The details of intangible assets are as follows:
   berikut:
                                                     Merek
                                                  dan Lisensi/
                                                     Brand                             Total/
                                   Goodwill       and Licenses       Software          Total

   Biaya perolehan                                                                                                              Cost
   Saldo, 1 Januari 2022           596.963.229      141.953.449       51.900.490     790.817.168            Balance, January 1, 2022

   Pembelian software                         -               -       22.893.296      22.893.296                 Purchase of software
   Pembelian merek dan lisensi                -       4.977.026                -       4.977.026      Purchase of brand and licenses
   Reklasifikasi software                     -               -      132.883.556     132.883.556          Reclassification of software
                                                                                                                  Difference in foreign
   Selisih kurs penjabaran                                                                                    currency translation
       laporan keuangan                759.175         187.368                  -         946.543         of financial statements
   Penurunan nilai atas goodwill      (403.483)              -                  -        (403.483)             Impairment of goodwill

   Saldo, 31 Desember 2022         597.318.921      147.117.843      207.677.342     952.114.106        Balance, December 31, 2022

   Pembelian software                         -              -         4.623.257        4.623.257                Purchase of software
   Pembelian merek dan lisensi                -        763.830                 -          763.830     Purchase of brand and licenses
   Reklasifikasi software                     -              -           418.000          418.000         Reclassification of software
   Pengurangan software                       -              -            (7.273)          (7.273)              Deduction of software
                                                                                                                  Difference in foreign
   Selisih kurs penjabaran                                                                                    currency translation
       laporan keuangan             (1.159.288)        (104.249)                -      (1.263.537)        of financial statements
   Penurunan nilai atas goodwill    (7.252.429)               -                 -      (7.252.429)             Impairment of goodwill

    Saldo, 31 Desember 2023        588.907.204      147.777.424      212.711.326     949.395.954        Balance, December 31, 2023

   Akumulasi amortisasi                                                                                  Accumulated amortization
   Saldo, 1 Januari 2022                      -                  -    22.963.490      22.963.490           Balance, January 1, 2022

   Amortisasi tahun berjalan                  -        642.285        48.212.311      48.854.596         Amortization during the year
   Reklasifikasi software                     -              -         6.180.204       6.180.204          Reclassification of software

   Saldo, 31 Desember 2022                    -        642.285        77.356.005      77.998.290        Balance, December 31, 2022

   Amortisasi tahun berjalan                  -       1.660.558       48.490.705      50.151.263         Amortization during the year
   Pengurangan software                       -               -           (4.242)         (4.242)              Deduction of software

   Saldo, 31 Desember 2023                    -       2.302.843      125.842.468     128.145.311        Balance, December 31, 2023

   Nilai buku neto                                                                                                 Net book value
   Saldo, 31 Desember 2023         588.907.204      145.474.581       86.868.858     821.250.643       Balance, December 31, 2023

   Saldo, 31 Desember 2022         597.318.921      146.475.558      130.321.337     874.115.816       Balance, December 31, 2022


   Goodwill merupakan manfaat ekonomi masa depan                        Goodwill represents the future economic benefits
   yang diperoleh dari kombinasi bisnis yang tidak                      acquired in business combinations that are not
   teridentifikasi secara individual dan diakui secara                  individually identified and separately recognised.
   terpisah.
   Merek merupakan hak untuk menggunakan merek                           Brand represents the right to use “iBox” trademark
   dagang “iBox” untuk periode tidak terbatas yang                       for an indefinite future period as granted by the
   diberikan oleh Sertifikat yang diterbitkan oleh                       Certificate issued by Director General of Intellectual
   Direktorat Jenderal Hak Kekayaan Intelektual atas                     Property Rights on behalf of the Minister of Law and
   nama Menteri Hukum dan Hak Asasi Manusia                              Human Rights of Republic of Indonesia, while
   Republik Indonesia, sedangkan Lisensi merupakan                       Licenses represent the agreement with Apple Inc.
   perjanjian dengan Apple Inc. (“Apple”) untuk                          (“Apple”) to distribute and sell its products, and to
   mendistribusikan dan menjual produk-produknya,                        operate Apple Authorized Retail Stores. The
   dan untuk mengoperasikan Apple Authorized Retail                      related Licenses have been renewed for several
   Stores. Lisensi tersebut telah diperbaharui                           times at little or no cost, therefore the Licenses are
   beberapa kali dengan sedikit atau tanpa biaya,                        determined to have indefinite useful lives.
   sehingga Lisensi dianggap memiliki umur manfaat
   tidak terbatas.

                                                         99
Page 444
                                                                             The original consolidated financial statements included herein
                                                                                                           are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                                   PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                                          AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                                      NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                         FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                                  As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                                         For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                                       (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                                  Unless Otherwise Stated)


14. ASET TAKBERWUJUD - NETO (lanjutan)                                      14. INTANGIBLE ASSETS - NET (continued)

   Merek dan Lisensi yang termasuk nilai yang                                     Brand and Licenses also includes the amount paid
   dibayarkan EBP, entitas anak, berdasarkan                                      by EBP, a subsidiary, based on the agreement with
   perjanjian dengan Paris Baguette Singapore Pte.                                Paris Baguette Singapore Pte. Ltd. (“Paris
   Ltd. (“Paris Baguette”) yang memberikan hak                                    Baguette”) which granted EBP the right to use Paris
   kepada EBP untuk menggunakan sistem dan                                        Baguette’s System and Brand, to distribute and sell
   merek Paris Baguette, mendistribusikan dan                                     its products, and to operate Paris Baguette Store in
   menjual      produk-produknya,      dan      untuk                             the territory specified in the agreement. The brand
   mengoperasikan Paris Baguette Store di wilayah                                 and license agreement is valid and amortized for 10
   yang ditentukan dalam perjanjian. Perjanjian merek                             years.
   dan lisensi ini berlaku dan diamortisasi untuk
   jangka waktu 10 tahun.

   Pada tanggal 31 Desember 2023 dan 2022, aset                                   As of December 31, 2023 and 2022, the above
   takberwujud, diuji untuk penurunan nilai. Jumlah                               intangible assets, were tested for impairment. The
   keseluruhan dari goodwill dan Merek dan Lisensi                                aggregate amounts of goodwill, and Brand and
   yang dialokasikan ke setiap unit penghasil kas                                 Licenses allocated to each cash generating units
   adalah sebagai berikut:                                                        are as follows:

                                      Goodwill/ Goodwill                      Merek dan Lisensi/ Brand and Licenses

                                                           31 Desember/December 31,

                               2023                    2022                     2023                      2022

   PT Teletama Artha Mandiri     495.243.626               495.243.626                         -                      -     PT Teletama Artha Mandiri
   iBox                           58.528.726                58.528.726                92.868.737             92.868.737                         iBox
   CG Computers Sdn. Bhd.         18.103.974                19.263.262                         -                      -      CG Computers Sdn. Bhd.
   PT Azec Indonesia                                                                                                               PT Azec Indonesia
        Management Services       17.030.878                17.030.878                         -                      -      Management Services
   PT Urogen Advanced                                                                                                           PT Urogen Advanced
        Solutions                          -                  7.252.429                        -                      -                  Solutions
   Lamina and Loops                        -                          -               37.800.000             37.800.000             Lamina and Loops


   Grup melakukan pengujian penurunan nilai                                       The Group performed its annual impairment tests
   tahunan untuk unit penghasil kas tersebut                                      on those cash generating units based on value in
   berdasarkan nilai pakai dengan menggunakan                                     use using discounted cash flows projection. The
   proyeksi arus kas yang didiskontokan. Pengujian                                impairment tests used the management approved
   penurunan nilai menggunakan proyeksi arus kas                                  cash flows projections covering a five-year period,
   lima tahun yang telah disetujui manajemen, dan                                 and the following key assumptions:
   asumsi-asumsi penting sebagai berikut:
                                                                                Tingkat Pertumbuhan
                                           Tingkat Diskonto/                       Berkelanjutan/
                                             Discount Rate                     Perpetuity Growth Rate
                                      31 Desember/December 31                31 Desember/December 31
                                         2023                 2022              2023               2022
  PT Teletama Artha Mandiri                10,63%               10,25%                3,00%           3,00%           PT Teletama Artha Mandiri
  iBox                                     10,63%               10,25%                3,00%           3,00%                                iBox
  CG Computers Sdn. Bhd.                    7,88%                7,95%                2,00%           2,00%            CG Computers Sdn. Bhd.
  PT Azec Indonesia                                                                                                          PT Azec Indonesia
       Management Services                 11,31%               11,61%                3,00%           3,00%            Management Services
  PT Urogen Advanced                                                                                                       PT Urogen Advances
       Solutions                            9,61%                9,16%                3,00%           3,00%                        Solutions
  Lamina dan Loops                         10,63%               11,63%                3,00%           3,00%                   Lamina and Loops




                                                                 100
Page 445
                                                             The original consolidated financial statements included herein
                                                                                           are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                   PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                          AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                      NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                         FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                  As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                         For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                       (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                  Unless Otherwise Stated)


14. ASET TAKBERWUJUD - NETO (lanjutan)                       14. INTANGIBLE ASSETS - NET (continued)

   Pada tanggal 31 Desember 2023, Grup melakukan                 As of December 31, 2023, the Group impaired the
   penurunan nilai atas goodwill yang dialokasikan ke            goodwill allocated to the cash generating unit of
   unit penghasil kas PT Urogen Advanced Solutions               PT Urogen Advanced Solutions (“UAS”)
   (“UAS”) sebesar Rp7.252.429, sehubungan                       amounted to Rp7,252,429 due to the declining
   dengan penurunan kinerja keuagan UAS. Rugi                    financial performance of UAS. The impairment
   penurunan nilai tersebut dicatat sebagai bagian dari          loss is recorded as part of “Other Expenses” in the
   “Beban Lainnya” pada laporan laba rugi dan                    consolidated statement of profit or loss and other
   penghasilan komprehensif lain konsolidasian.                  comprehensive income.

   Pada tanggal 31 Desember 2023, selain penurunan               As of December 31, 2023, except for the
   goodwill yang disebutkan di atas, tidak terdapat              impairment of goodwill mentioned above, no
   kerugian penurunan nilai yang perlu diakui untuk              impairment charge was required for goodwill on
   goodwill yang berasal dari akuisisi entitas anak.             acquisition of subsidiaries. The Group’s
   Manajemen Grup berkeyakinan bahwa tidak                       management believes that no reasonably possible
   terdapat perubahan yang mungkin terjadi atas                  change in any of the above key assumptions
   asumsi penting di atas yang dapat mengakibatkan               would cause the carrying value of the cash
   nilai tercatat dari unit penghasil kas melebihi nilai         generating units to be materially exceed their
   terpulihkan secara material.                                  recoverable amount.

   Pada tanggal 31 Desember 2022, Grup melakukan                 As of December 31, 2022, the Group impaired the
   penurunan nilai atas goodwill yang dialokasikan ke            goodwill allocated to the cash generating unit of
   unit penghasil kas PT Citra Kreativa Inovasi (“CKI”)          PT Citra Kreativa Inovasi (“CKI”) amounted to
   sebesar    Rp403.483,      sehubungan       dengan            Rp403,483, due to CKI has cease its operation.
   penghentian operasinya. Rugi penurunan nilai                  The impairment loss is recorded as part of “Other
   tersebut dicatat sebagai bagian dari “Beban                   Expenses” in the consolidated statement of profit
   Lainnya” pada laporan laba rugi dan penghasilan               or loss and other comprehensive income.
   komprehensif lain konsolidasian.

   Pada tanggal 31 Desember 2022, selain penurunan                As of December 31, 2022, except for the
   goodwill yang disebutkan di atas, tidak terdapat              impairment of goodwill mentioned above, no
   kerugian penurunan nilai yang perlu diakui untuk              impairment charge was required for goodwill on
   goodwill yang berasal dari akuisisi entitas anak.             acquisition of subsidiaries. The Group’s
   Manajemen Grup berkeyakinan bahwa tidak                       management believes that no reasonably possible
   terdapat perubahan yang mungkin terjadi atas                  change in any of the above key assumptions
   asumsi penting di atas yang dapat mengakibatkan               would cause the carrying value of the cash
   nilai tercatat dari unit penghasil kas melebihi nilai         generating units to be materially exceed their
   terpulihkan secara material.                                  recoverable amount.




                                                       101
Page 446
                                                             The original consolidated financial statements included herein
                                                                                           are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                   PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                          AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                      NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                         FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                  As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                         For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                       (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                  Unless Otherwise Stated)


15. ASET HAK-GUNA DAN LIABILITAS SEWA                       15. RIGHT-OF-USE ASSETS AND LEASE LIABILITY

   Aset hak-guna yang diakui dari kontrak sewa dan               The right-of-use assets recognized from the lease
   mutasi selama tahun yang berakhir pada tanggal                contracts and its movement during the year ended
   31 Desember 2023 dan 2022 adalah sebagai                      December 31, 2023 and 2022 are as follows:
   berikut:

                                            Tahun yang Berakhir pada
                                              Tanggal 31 Desember/
                                             Year Ended December 31

                                              2023             2022
    Saldo Awal                             1.387.384.112       815.734.835                         Beginning balance
    Penambahan                               795.276.369       981.980.627                                     Addition
    Pengurangan                              (27.423.240)       (9.225.870)                                  Deduction
    Penurunan nilai                           (3.778.384)                -                                 Impairment
    Beban penyusutan                        (549.681.598)     (405.064.391)                      Depreciation expense
    Efek translasi                            (7.933.971)        3.958.911                        Effect on translation

    Total                                  1.593.843.288     1.387.384.112                                        Total


   Mutasi jumlah tercatat liabilitas sewa adalah                 Movement of lease liabilities are as follows:
   sebagai berikut:
                                             Tahun yang Berakhir pada
                                               Tanggal 31 Desember/
                                             Year Ended December 31

                                              2023             2022

    Saldo awal                               874.359.568       523.465.497                          Beginning balance
    Penambahan                               778.493.587       951.135.410                                      Addition
    Penambahan bunga                          68.307.183        50.617.473                         Accretion of interest
    Pembayaran                              (761.346.439)     (659.209.387)                                    Payment
    Pengurangan                              (26.234.147)                -                                    Deduction
    Efek translasi                            (5.909.937)        8.350.575                         Effect on translation

    Total                                   927.669.815       874.359.568                                         Total
    Dikurangi: bagian yang jatuh tempo
      dalam waktu satu tahun                427.948.374       443.013.317                      Less: current maturities

    Liabilitas sewa yang jatuh tempo                                                                  Lease Liability -
      dalam satu tahun                      499.721.441       431.346.251                 net of current maturities


   Aset hak-guna yang dimiliki Grup berasal dari                 Right-of-use assets owned by the Group derived
   perjanjian sewa gerai-gerai dan gudang yang                   from the rental agreements of the retail outlets and
   dioperasikan oleh Grup. Pada 2023, pengurangan                warehouse operated by the Group. In 2023,
   aset hak-guna dan liabilitas sewa merupakan                   deduction of right-of-use assets and lease
   pengakhiran kontrak sewa terkait dengan toko yang             liabilities representing the termination of lease
   ditutup selama tahun berjalan.                                contracts in relation with outlet closure during the
                                                                 year.

   Grup telah melakukan pengujian penurunan nilai                The group has performed an impairment test on
   atas aset hak-guna yang terindikasi mengalami                 its right-of-use assets which are indicated for
   penurunan nilai dan mencatat cadangan kerugian                impairment and recorded an allowance for
   penurunan nilai sebesar Rp3.778.384. Manajemen                impairment      loss   of  Rp3,778,384.       The
   berpendapat bahwa cadangan kerugian penurunan                 management believes that the allowance for
   nilai tersebut cukup untuk menutupi kemungkinan               impairment loss is adequate to cover of possible
   kerugian atas penurunan nilai aset hak-guna.                  losses from the impairment of right-of-use assets.



                                                     102
Page 447
                                                              The original consolidated financial statements included herein
                                                                                            are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                    PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                           AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                       NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                          FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                   As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                          For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                        (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                   Unless Otherwise Stated)


15. ASET HAK-GUNA DAN LIABILITAS SEWA                        15. RIGHT-OF-USE      ASSETS               AND       LEASE
    (lanjutan)                                                   LIABILITY (continued)

   Pada tanggal 31 Desember 2022, manajemen Grup                  As of December 31, 2022, the Group’s
   berpendapat bahwa tidak terdapat situasi atau                  management believes that there is no event or
   keadaan yang memberikan indikasi terjadinya                    condition that may indicate impairment of right-of-
   penurunan nilai aset hak-guna.                                 use assets.

   Laporan laba rugi dan penghasilan komprehensif                 The consolidated statement of profit or loss and
   lain konsolidasian menyajikan saldo berikut                    other comprehensive income shows the following
   berkaitan dengan sewa:                                         amount related with leases:

                                              Tahun yang Berakhir pada
                                                Tanggal 31 Desember/
                                              Year Ended December 31

                                               2023             2022

    Beban penyusutan aset hak-guna:                                                  Depreciation of right-of-use assets:
    Beban penjualan dan
      distribusi (Catatan 27)                544.117.157       405.064.391 Selling and distribution expense (Note 27)
    Beban umum dan                                                                         General and administrative
      administrasi                             5.564.441                 -                                expense
    Beban bunga sewa (Catatan 30)             68.307.183        50.617.473          Lease interest expense (Note 30)

    Total                                    617.988.781       455.681.864                                         Total



16. UTANG BANK                                               16. BANK LOANS

   Akun ini terdiri dari:                                         This account consists of:

                                             31 Desember/December 31

                                               2023             2022
  Utang bank jangka pendek                                                                       Short-term bank loans
   Fasilitas pinjaman revolving                                                                    Time revolving loan
     Pokok utang                                                                                           Principal
         Perusahaan                                                                                    Company
            PT Bank Central Asia Tbk         924.392.595      1.242.669.408          PT Bank Central Asia Tbk
            PT Bank CTBC Indonesia           250.000.000        250.000.000          PT Bank CTBC Indonesia
         Entitas anak                                                                                Subsidiaries
            PT Bank Mandiri (Persero) Tbk    988.213.231                  -      PT Bank Mandiri (Persero) Tbk
            PT Bank Central Asia Tbk         820.087.042      1.498.538.061          PT Bank Central Asia Tbk
            PT Bank CTBC Indonesia           180.000.000        180.000.000          PT Bank CTBC Indonesia
            Maybank Singapore Limited         36.069.013         10.261.924         Maybank Singapore Limited
            DBS Bank Ltd., Singapore          25.093.289         18.494.609          DBS Bank Ltd., Singapore
     Biaya transaksi yang belum
         diamortisasi                         (15.971.067)       (6.995.072)           Unamortized transaction costs
    Subtotal                                3.207.884.103     3.192.968.930                                    Sub-total
    Banker’s acceptance dan LC                                                             Banker’s acceptance and LC
      Entitas anak                                                                                        Subsidiary
        Malayan Banking Bhd.                 167.370.402        79.129.717                  Malayan Banking Bhd.
    Subtotal                                 167.370.402        79.129.717                                     Sub-total




                                                      103
Page 448
                                                              The original consolidated financial statements included herein
                                                                                            are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                    PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                           AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                       NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                          FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                   As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                          For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                        (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                   Unless Otherwise Stated)


16. UTANG BANK (lanjutan)                                     16. BANK LOANS (continued)

   Akun ini terdiri dari: (lanjutan)                              This account consists of: (continued)

                                              31 Desember/December 31

                                                2023            2022
   Utang bank jangka pendek (lanjutan)                                                Short-term bank loans (continued)
    Cerukan                                                                                                 Overdrafts
      Pokok utang                                                                                          Principal
         Perusahaan                                                                                     Company
            PT Bank Central Asia Tbk          119.875.074      122.847.814            PT Bank Central Asia Tbk
         Entitas anak                                                                               Subsidiaries
            PT Bank Central Asia Tbk          428.907.404       62.710.983            PT Bank Central Asia Tbk
            PT Bank CTBC Indonesia             19.938.522       19.965.720            PT Bank CTBC Indonesia
            CIMB Bank Bhd.                     17.418.456       11.483.239                     CIMB Bank Bhd.
            Malayan Banking Bhd.                4.773.450        3.913.083               Malayan Banking Bhd.
      Biaya transaksi yang belum
         diamortisasi                           (3.176.795)      (1.625.910)           Unamortized transaction costs
    Subtotal                                  587.736.111      219.294.929                                    Sub-total
   Total utang bank jangka pendek            3.962.990.616    3.491.393.576                  Total short-term bank loans

   Utang bank jangka panjang                                                                     Long-term bank loans
    Fasilitas kredit investasi dan                                                              Investment credit loan
      fasilitas angsuran                                                                       and installment loan
      Pokok utang                                                                                          Principal
          Entitas anak                                                                              Subsidiaries
              PT Bank Central Asia Tbk       1.088.215.736     446.681.123            PT Bank Central Asia Tbk
              PT Bank CIMB Niaga Tbk            39.531.092               -            PT Bank CIMB Niaga Tbk
              Malayan Banking Bhd.              18.137.310      21.587.544               Malayan Banking Bhd.
      Biaya transaksi yang belum
          diamortisasi                          (2.766.749)        (941.621)           Unamortized transaction costs
    Total utang bank jangka panjang - neto   1.143.117.389     467.327.046            Total long term bank loans - net
    Dikurangi bagian yang jatuh
      tempo dalam waktu satu tahun            (484.171.137)    (285.477.902)                        Less current portion
    Bagian jangka panjang                     658.946.252      181.849.144                        Non-current portion


   Pada tanggal 14 Desember 2009, Perusahaan dan                 On December 14, 2009, the Company and
   PT Erafone Artha Retailindo (“EAR”), entitas anak,            PT Erafone Artha Retailindo (“EAR”), a subsidiary,
   menandatangani perjanjian pinjaman joint borrower             entered into a joint borrower loan agreement with PT
   dengan PT Bank Central Asia Tbk (“BCA”).                      Bank Central Asia Tbk (“BCA”). The joint borrower
   Perjanjian pinjaman joint borrower tersebut telah             loan agreement has been amended for several
   mengalami beberapa kali perubahan sehubungan                  times in relation with the addition of several
   dengan penambahan beberapa entitas anak ke                    subsidiaries into the loan agreement.
   dalam perjanjian pinjaman tersebut.




                                                       104
Page 449
                                                                The original consolidated financial statements included herein
                                                                                              are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                       PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                          NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                             FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                      As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                             For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                           (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)


16. UTANG BANK (lanjutan)                                      16. BANK LOANS (continued)

   PT Bank Central Asia Tbk                                          PT Bank Central Asia Tbk

   Berdasarkan perjanjian joint borrower dengan BCA                  Based on the above joint borrower agreement with
   di atas, Perusahaan dan entitas anak tertentu                     BCA above, the Company and certain subsidiaries
   (secara bersama-sama disebut sebagai “para                        (collectively referred as “the Debitors”) obtained the
   Debitur”) mendapatkan fasilitas sebagai berikut:                  following facilities:

   - Fasilitas berupa Bank Garansi dan Standby                      - Facility in the form of Bank Guarantee and
     Letter of Credit dengan pagu kredit pada tanggal                 Standby Letter of Credit with maximum credit
     31      Desember      2023     tidak    melebihi                 amount as of December 31, 2023 amounted to
     AS$175.000.000 dan Rp650.000.000 dan                             US$175,000,000 and Rp650,000,000 and
     31      Desember      2022     tidak    melebihi                 December       31,   2022     amounted   to
     AS$108.000.000 dan Rp575.000.000.                                US$108,000,000 and Rp575,000,000.

   - Fasilitas  cerukan  dengan    pagu   kredit                    - Overdraft facility with maximum credit amount as
     gabungan pada tanggal 31 Desember 2023 dan                       of December 31, 2023 and 2022 amounted to
     2022 masing-masing sebesar Rp1.665.000.000                       Rp1,665,000,000         and    Rp1,330,000,000,
     dan Rp1.330.000.000. Jumlah cerukan yang                         respectively. The total overdraft that can be
     dapat ditarik oleh masing-masing Debitur                         withdrawn by each Debitors are as follows:
     sebagai berikut:

                                        Pagu Kredit/Maximum Credit Amount

                                         31 Desember 2023/   31 Desember 2022/
                                         December 31, 2023   December 31, 2022

     Perusahaan                              400.000.000          400.000.000                                 The Company
     TAM                                     500.000.000          260.000.000                                        TAM
     EAR                                     355.000.000          350.000.000                                        EAR
     DCM                                     250.000.000          150.000.000                                        DCM
     MMS                                      50.000.000           25.000.000                                        MMS
     NASA                                     50.000.000           25.000.000                                       NASA
     PPS                                      45.000.000           25.000.000                                        PPS
     SAM                                       7.500.000            7.500.000                                        SAM
     UAS                                       7.500.000            7.500.000                                        UAS
     SES                                               -           50.000.000                                        SES
     MII                                               -           25.000.000                                         MII
     NGA                                               -            5.000.000                                        NGA




                                                     105
Page 450
                                                                   The original consolidated financial statements included herein
                                                                                                 are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                          PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                             NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                         As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                                For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                              (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                         Unless Otherwise Stated)


16. UTANG BANK (lanjutan)                                          16. BANK LOANS (continued)
   PT Bank Central Asia Tbk (lanjutan)                                 PT Bank Central Asia Tbk (continued)
   - Fasilitas pinjaman revolving dengan pagu kredit                   - Time revolving loan facility with maximum credit
     gabungan pada tanggal 31 Desember 2023 dan                          amount as of December 31, 2023 and 2022
     2022, masing-masing sebesar Rp3.485.000.000                         amounted       to     Rp3,485,000,000       and
     dan     Rp2.635.000.000.     Jumlah pinjaman                        Rp2,635,000,000, respectively. The total time
     revolving yang dapat ditarik oleh masing-masing                     revolving loan that can be withdrawn by each
     Debitur sebagai berikut:                                            Debitors are as follows:
                                            31 Desember 2023/   31 Desember 2022/
                                            December 31, 2023   December 31, 2022

      Perusahaan                                600.000.000          600.000.000                                 The Company
      EAR                                       975.000.000          705.000.000                                        EAR
      TAM                                       975.000.000          700.000.000                                        TAM
      DCM                                       650.000.000          300.000.000                                        DCM
      NASA                                      250.000.000          150.000.000                                       NASA
      SAM                                        17.500.000           17.500.000                                        SAM
      UAS                                        17.500.000           17.500.000                                        UAS
      SES                                                 -           75.000.000                                        SES
      MII                                                 -           50.000.000                                         MII
      NGA                                                 -           20.000.000                                        NGA

     Berdasarkan perubahan terakhir perjanjian                            Based on the latest amendment to the joint
     pinjaman joint borrower, fasilitas-fasilitas di atas                 borrower loan agreement, the above facilities
     berlaku sampai dengan 13 Februari 2021 dan di                        are valid until February 13, 2021 and extended
     perpanjang sampai dengan 13 November 2024.                           until November 13, 2024.

   - Fasilitas pinjaman Kredit Investasi “KI” dengan                   - Kredit Investasi “KI” facility with maximum credit
     pagu      kredit  gabungan      pada     tanggal                    amount as of December 31, 2023 and 2022
     31 Desember 2023 dan 2022 masing-masing                             amounted        to       Rp110,000,000        and
     sebesar Rp110.000.000 dan Rp800.000.000.                            Rp800,000,000, respectively. The total KI loan
     Jumlah pinjaman KI yang dapat ditarik oleh                          that can be withdrawn by each Debitors are as
     masing-masing Debitur masing-masing sebagai                         follows:
     berikut:
                                            31 Desember 2023/   31 Desember 2022/
                                            December 31, 2023   December 31, 2022

      ESA                                       110.000.000                    -                                           ESA
      EAR                                                 -          514.000.000                                           EAR
      DCM                                                 -          150.000.000                                           DCM
      MII                                                 -          100.000.000                                            MII
      NASA                                                -           36.000.000                                          NASA

     Berdasarkan perubahan terakhir perjanjian                            Based on the latest amendment to the joint
     pinjaman joint borrower, fasilitas KI berlaku                        borrower loan agreement, the KI facilities are
     sampai dengan 3 tahun sejak penarikan fasilitas                      valid until 3 years after withdrawn the credit
     kredit.                                                              facilities.

     Jangka waktu penarikan fasilitas kredit investasi                    The withdrawal period of EAR, DCM, MII, and
     milik EAR, DCM, MII, dan NASA telah berakhir                         NASA’s KI facilities have ended on October 26,
     pada tanggal 26 Oktober, 2023.                                       2023.




                                                        106
Page 451
                                                           The original consolidated financial statements included herein
                                                                                         are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                 PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                        AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                    NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                       FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                       For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                     (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                Unless Otherwise Stated)


16. UTANG BANK (lanjutan)                                  16. BANK LOANS (continued)

   PT Bank Central Asia Tbk (lanjutan)                         PT Bank Central Asia Tbk (continued)

   - Fasilitas pinjaman Installment Loan “IL” dengan           - Installment Loan “IL” facility with maximum credit
     pagu      kredit  gabungan      pada     tanggal            amount as of December 31, 2023 and 2022
     31 Desember 2023 dan 2022, masing-masing                    amounted        to      Rp350,000,000         and
     sebesar Rp350.000.000 dan Rp300.000.000.                    Rp300,000,000, respectively. The total IL loan
     Jumlah pinjaman IL yang dapat ditarik oleh EAR.             that can be withdrawn by EAR.

     Berdasarkan perubahan terakhir perjanjian                   Based on the latest amendment to the joint
     pinjaman joint borrower, fasilitas IL berlaku               borrower loan agreement, the IL facilities are
     sampai dengan 3 tahun sejak penarikan fasilitas             valid until 3 years after withdrawn the credit
     kredit.                                                     facilities.

   - Fasilitas Forex Forward Line (TOD, TOM, SPOT              - Forex Forward Line (TOD, TOM, SPOT &
     & Forward) dengan pagu kredit pada tanggal                  Forward) facility with maximum credit amount as
     31 Desember 2023 dan 31 Desember 2022                       of December 31, 2023 and December 31, 2022,
     masing-masing sebesar AS$150.000,000 dan                    amounted        to      US$150,000,000     and
     AS$130.000.000.                                             US$130,000,000, respectively.

   - Fasilitas Forward Line Seasonal (TOD, TOM,                - Forex Forward Line Seasonal (TOD, TOM,
     SPOT & Forward) dengan pagu kredit pada                     SPOT & Forward) facility with maximum credit
     tanggal    31    December   2023    sebesar                 amount as of December 31, 2023 amounted to
     AS$50.000,000.                                              US$50,000,000.

   Pada tahun 2023, Perusahaan dan PPS memiliki                In 2023, the Company has SPOT and forward
   transaksi SPOT dan forward mata uang asing $AS              foreign currency transactions in AS$ and Sin$
   dan $Sin yang akan jatuh tempo pada tanggal                 which will mature on between January 2, 2024 and
   antara 2 Januari 2024 sampai 18 Januari 2024.               January 18, 2024. The derivative liabilities recorded
   Liabilitas derivatif yang dicatat dari transaksi            from the forward transaction is amounted to
   forward tersebut adalah sebesar Rp8.179.644 dan             Rp8,179,644 and are presented as “Other Current
   disajikan sebagai bagian dari “Liabilitas Keuangan          Financial Liabilities” in the consolidated statement
   Jangka Pendek Lainnya” pada laporan posisi                  of financial position.
   keuangan konsolidasian.

   Pada tanggal 31 Desember 2023 dan                           As of December 31, 2023 and December 31, 2022,
   31 Desember 2022, fasilitas-fasilitas pinjaman              these loan facilities bear interest ranging from
   tersebut dikenakan tingkat suku bunga masing-               7.50% - 7.75% per annum and 7.50% per annum,
   masing berkisar antara 7,50% - 7,75% per tahun              respectively.
   dan 7,50% per tahun.

   Fasilitas-fasilitas di atas dijamin dengan agunan           The above facilities are secured by the following
   sebagai berikut:                                            collaterals:
   - Piutang dan persediaan yang dimiliki oleh pihak-          - Receivables and inventories of the parties which
     pihak yang mendapatkan fasilitas kredit dari                obtained the credit facilities from the Credit
     Perjanjian Kredit tersebut (Catatan 5 dan 6); dan           Agreement (Notes 5 and 6); and
   - Tanah dan bangunan yang dimiliki Perusahaan,              - Land and building owned by the Company, EAR,
     EAR, dan ESA dengan nilai buku sebesar                      and ESA with net book value of Rp401,378,432
     Rp401.378.432 dan Rp350.550.198 pada                        and Rp350,550,198, respectively, as of
     tanggal 31 Desember 2023 dan 2022                           December 31, 2023 and 2022 (Note 13).
     (Catatan 13).




                                                     107
Page 452
                                                          The original consolidated financial statements included herein
                                                                                        are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                       AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                   NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                      FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                               As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                      For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                    (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                               Unless Otherwise Stated)


16. UTANG BANK (lanjutan)                                 16. BANK LOANS (continued)
   PT Bank Central Asia Tbk (lanjutan)                        PT Bank Central Asia Tbk (continued)
   Berdasarkan perjanjian di atas, para Debitur harus         Based on the above loan agreement, the Debitors
   mendapatkan persetujuan dari pihak BCA sebelum             must obtain written approval from BCA before
   melakukan transaksi tertentu, antara lain:                 entering into certain transactions, among others, as
                                                              follows:

   •   Melakukan investasi atau mendirikan usaha              •    Invest in or establish new business, except
       yang baru, kecuali investasi dan akuisisi yang              invest in and acquisition by using the proceeds
       menggunakan dana hasil Penawaran Umum                       from Initial Public Offering;
       Perdana Saham;

   •   Menjual atau melepaskan aset tetap atau aset           •    Sell or dispose fixed assets or other core
       utama yang digunakan dalam kegiatan usaha,                  assets used in the business, except for
       kecuali untuk tujuan operasional;                           operational purposes;

   •   Melakukan perubahan dalam status Debitur,              •    Make changes in the Debitor’s status, Articles
       Anggaran Dasar, dan komposisi dari Dewan                    of Association and the composition of the
       Komisaris, Direktur, dan Pemegang Saham,                    Boards of Commissioners, Board of Directors
       kecuali untuk mematuhi persyaratan Otoritas                 and Shareholders, except to comply with the
       Jasa Keuangan dan melakukan pengurangan                     Financial Services Authority’s requirements
       modal ditempatkan dan disetor penuh;                        and decrease in issued and fully paid share
                                                                   capital;
   •   Mengikatkan diri sebagai penanggung/                   •    Acted as insurer/guarantor and pledge the
       penjamin dan mengagunkan aset Debitur;                      Debitor’s assets;

   •   Melakukan perubahan susunan pemegang                   •    Make changes in the composition of the
       saham pada TAM, EAR, DCM, MMS, PPS,                         shareholders in TAM, EAR, DCM, MMS, PPS,
       SES, NGA, NASA, MII, UAS, dan SAM yang                      SES, NGA, NASA, MII, UAS, and SAM which
       menyebabkan      kepemilikan Perusahaan                     resulted in the Company’s ownership interest
       menjadi kurang dari 51%;                                    to become less than 51%;

   •   Memperoleh pinjaman baru dari pihak lain,              •    Obtaining new loan from other party, and/or
       dan/atau menjaminkan aset Debitur sebagai                   pledge of the Debitor’s assets as collateral to
       jaminan kepada pihak lain; dan                              other party; and

   •   Memberikan pinjaman kepada pihak ketiga                •    Give loans to third party or affiliate, except if it
       atau afiliasinya, kecuali jika ada kaitannya                is related with the Debitor’s operational
       dengan kegiatan operasional Debitur.                        purposes.

   Berdasarkan perjanjian di atas, para Debitur harus         Based on the above loan agreement, the Debitors
   menginformasikan pihak BCA bila melakukan                  must inform BCA when entering into certain
   transaksi tertentu, antara lain:                           transactions, among others, as follows:

   •   Membagikan dividen.                                    •    Declaring dividends.

   •   Perubahan Anggaran Dasar Debitur dalam                 •    Change of the Articles of Association in order
       rangka penyesuaian dengan peraturan Badan                   to comform with the regulations of the Capital
       Pengawas Pasar Modal yang telah digantikan                  Market Supervisory Agency which has been
       oleh Otoritas Jasa Keuangan.                                replaced by the Financial Services Authority.

   •   Melakukan perubahan susunan pemegang                   •    Make changes in the composition of the
       saham pada TAM, EAR, DCM, MMS, PPS,                         shareholders in TAM, EAR, DCM, MMS, PPS,
       SES, NGA, NASA, MII, UAS, dan SAM yang                      SES, NGA, NASA, MII, UAS, and SAM which
       tidak menyebabkan kepemilikan Perusahaan                    do not resulted in the Company’s ownership
       menjadi kurang dari 51%.                                    interest to become less than 51%.


                                                    108
Page 453
                                                              The original consolidated financial statements included herein
                                                                                            are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                    PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                           AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                       NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                          FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                   As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                          For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                        (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                   Unless Otherwise Stated)


16. UTANG BANK (lanjutan)                                     16. BANK LOANS (continued)

   PT Bank Central Asia Tbk (lanjutan)                            PT Bank Central Asia Tbk (continued)

   Selain itu, para Debitur harus mempertahankan                  In addition, the Debitors should maintain the
   rasio keuangan sebagai berikut, sebagaimana                    following financial ratios, as defined in the loan
   didefinisikan dalam perjanjian kredit:                         agreement:

   •   Mempertahankan rasio lancar tidak kurang dari              •    Maintain current ratio to be not less than
       1 (satu) kali;                                                  1 (one) time;

   •   Mempertahankan rasio laba sebelum manfaat                  •    Maintain the ratio of income before income
       (beban) pajak, penyusutan, dan amortisasi                       tax benefit (expense), depreciation and
       (“EBITDA”) terhadap beban bunga tidak                           amortization (“EBITDA”) to interest expense
       kurang dari 1,5 (satu koma lima) kali;                          to be not less than 1.5 (one point five) times;

   •   Mempertahankan        jumlah   piutang dan                 •    Maintain the sum of accounts receivable and
       persediaan terhadap total pinjaman tidak                        inventories to outstanding loans to be not less
       kurang dari 1,1 (satu koma satu) kali;                          than 1.1 (one point one) times;

   •   Mempertahankan rasio EBITDA setelah                        •    Maintain the ratio of EBITDA after less tax to
       dikurangi pajak terhadap total pembayaran                       total loan principal and interest payment to be
       pokok pinjaman dan bunga tidak kurang dari                      not less than 1.2 (one point two) times.
       1,2 (satu koma dua) kali.

   Sehubungan dengan rencana SES untuk                            In relation with SES’s plan to change its status
   mengubah status dari perusahaan tertutup menjadi               from private company to public company, SES has
   perusahaan terbuka, SES telah memperoleh                       obtained the approval from BCA in its letter No.
   persetujuan   dari    BCA     pada      suratnya               30093/GBK/2023 dated March 2, 2023.
   No. 30093/GBK/2023 tanggal 2 Maret 2023.

   Sehubungan dengan perolehan pinjaman baru dari                 In relation with obtaining new loan from PT Bank
   PT Bank Mandiri (Persero) Tbk, para Debitur telah              Mandiri (Persero) Tbk, the Debitors has obtained
   memperoleh persetujuan dari BCA pada suratnya                  the approval from BCA in its letter
   No. 30452/GBK/2023, tanggal 14 September 2023.                 No. 30452/GBK/2023 dated September 14, 2023.

   Pada tanggal 31 Desember 2023, para Debitur                    As of December 31, 2023, the Debitors have
   telah memenuhi semua persyaratan sebagaimana                   complied with all covenants which were stated in
   diatur dalam perjanjian pinjaman tersebut di atas.             the loan agreements above.

   PT Bank CTBC Indonesia                                         PT Bank CTBC Indonesia
   Pada tanggal 5 September 2013, EAR                             On September 5, 2013, EAR entered into a loan
   menandatangani perjanjian pinjaman dengan                      agreement with PT Bank CTBC Indonesia
   PT Bank CTBC Indonesia (“CTBC”). Perjanjian                    (“CTBC”). The loan agreement has been
   pinjaman tersebut telah mengalami beberapa                     amended for several times whereby as of
   perubahan. Pada tanggal 31 Desember 2023 dan                   December 31, 2023 and 2022, the credit facilities
   2022, fasilitas kredit yang diperoleh EAR terdiri dari         obtained by EAR consists of overdraft, short-term
   fasilitas cerukan, pinjaman jangka pendek dan                  loan, and demand loan with maximum credit
   demand loan dengan pagu kredit masing-masing                   amount of Rp20,000,000, Rp150,000,000 and
   sebesar Rp20.000.000, Rp150.000.000 dan                        Rp30,000,000, respectively.
   Rp30.000.000.

   Pada tanggal 31 Desember 2022, EAR juga                        As of December 31, 2022, EAR also obtained
   mendapatkan fasilitas cross currency swap                      cross currency swap facility amounted to
   sebesar $AS2.200.000.                                          US$2,200,000.




                                                        109
Page 454
                                                            The original consolidated financial statements included herein
                                                                                          are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                  PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                         AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                     NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                        FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                 As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                        For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                      (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                 Unless Otherwise Stated)


16. UTANG BANK (lanjutan)                                   16. BANK LOANS (continued)

   PT Bank CTBC Indonesia (lanjutan)                            PT Bank CTBC Indonesia (continued)

   Berdasarkan perubahan perjanjian pinjaman                    Based on the latest amendment of the loan
   terakhir, fasilitas pinjaman di atas berlaku sampai          agreement, the above credit facilities are valid
   dengan 7 Februari 2024.                                      until February 7, 2024.

   Untuk tahun yang berakhir pada tanggal                       For the year ended December 31, 2023. These
   31 Desember 2023, fasilitas-fasilitas pinjaman               loan facilities bear interest ranging from 7.50% per
   tersebut dikenakan tingkat suku bunga sebesar                annum and for the year ended December 31,
   7,50% per tahun dan untuk tahun yang berakhir                2022, these loan facilities bear interest ranging
   pada tanggal 31 Desember 2022, fasilitas-fasilitas           from 7.00% - 7.50% per annum.
   pinjaman tersebut dikenakan tingkat suku bunga
   sebesar 7,00% - 7,50% per tahun.

   Pada tanggal 31 Desember 2023 dan 2022,                      As of December 31, 2023 and 2022, these
   fasilitas-fasilitas ini dijamin dengan piutang usaha         facilities are secured by trade receivables of EAR
   EAR sebesar Rp100.000.000 (Catatan 5) dan                    amounting to Rp100,000,000 (Note 5) and
   persediaan sebesar Rp150.000.000 (Catatan 7).                inventories of Rp150,000,000 (Note 7).

   Berdasarkan perjanjian di atas, Perusahaan wajib             Based on the above loan agreement, the
   menjaga kepemilikannya pada EAR minimal                      Company is required to maintain at minimum 80%
   sebesar 80%, dan EAR harus mendapatkan                       ownership interest on EAR, and EAR must obtain
   persetujuan dari CTBC sebelum melakukan                      written approval from CTBC before entering into
   transaksi tertentu, antara lain:                             certain transactions, among others, as follows:
   •   Melakukan transaksi di luar operasi normal;              •    Conducting transactions that are outside of
                                                                     the normal course of business;
   •   Melakukan         penggabungan      dan                  •    Conducting merger and acquisition;
       pengambilalihan usaha;
   •   Menjual, menyewakan, mengalihkan atau                    •    Sell, lease, transfer or release more than 20%
       melepaskan lebih dari 20% bangunan-                           of buildings or assets owned by EAR; and
       bangunan atau kekayaan EAR; dan
   •   Melakukan perubahan pada Anggaran Dasar,                 •    Make changes of the Articles of Association,
       susunan pemegang saham, Direksi dan                           composition of the shareholders, Boards of
       Dewan Komisaris.                                              Directors and Commissioners.

   Saldo terutang EAR atas fasilitas pinjaman jangka            EAR Outstanding balance of short-term loan and
   pendek dan demand loan. Pada tanggal                         demand loan as of December 31, 2023 and 2022
   31 Desember 2023 dan 2022 masing-masing                      is amounting to Rp180,000,000, respectively.
   berjumlah Rp180.000.000.

   Pada tanggal 26 Oktober 2021, Perjanjian                     On October 26, 2021, the loan agreement with
   pinjaman dengan CTBC telah mengalami                         CTBC has been amended, with the addition of the
   perubahan, dengan penambahan Perusahaan                      Company into the loan agreement, whereby as of
   pada perjanjian pinjaman, sehingga pada tanggal              December 31, 2023 and 2022, the maximum
   31 Desember 2023 dan 2022, pagu pinjaman                     credit amount of short-term loan facility which can
   fasilitas pinjaman jangka pendek yang dapat ditarik          be withdrawn by the Company in Rupiah
   oleh Perusahaan dalam mata uang Rupiah masing-               amounted to Rp150,000,000 and Rp250,000,000
   masing         sebesar     Rp150.000.000       dan           (or its equivalent United States dollar).
   Rp250.000.000 (atau setara dollar Amerika
   Serikatnya).




                                                      110
Page 455
                                                              The original consolidated financial statements included herein
                                                                                            are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                    PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                           AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                       NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                          FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                   As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                          For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                        (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                   Unless Otherwise Stated)


16. UTANG BANK (lanjutan)                                     16. BANK LOANS (continued)

   PT Bank CTBC Indonesia (lanjutan)                              PT Bank CTBC Indonesia (continued)

   Selama     tahun    2022,      Perusahaan    juga              During 2022, The Company also obtained the
   mendapatkan fasilitas foreign exchange transaction             foreign exchange transaction (TOM, SPOT,
   (TOM, SPOT, Forward) sebesar US$1.500.000.                     Forward) amounted to US$1,500,000. During
   Selama tahun 2022, untuk pinjaman yang ditarik                 2022, for the loan withdrawn in Rupiah, the
   dalam mata uang Rupiah, tingkat suku bunga yang                prevailing interest rate is ranging from 7.50% per
   berlaku berkisar antara 7,50% per tahun. Untuk                 annum. For the loan withdrawn in United States
   pinjaman yang ditarik dalam mata uang dolar                    dollar, the loan is charged with interest at LIBOR
   Amerika Serikat, pinjaman tersebut dikenakan                   (1 month) + 3.00% per annum.
   bunga sebesar LIBOR (1 bulan) + 3,00% per tahun.

   Berdasarkan surat No. MKT/EXT/073/III/2022                     Based on Letter No. MKT/EXT/073/III/2022 dated
   tanggal 30 Maret 2022, fasilitas kredit yang                   March 30, 2022, the credit facilities obtained by
   diperoleh Perusahaan terdiri dari pinjaman jangka              the company consists of short-term loan amount
   pendek sebesar Rp450.000.000.                                  Rp450,000,000.

   Fasilitas di atas dijamin dengan piutang dan                   The above facilities are secured by the receivables
   persediaan milik Perusahaan dan TAM dengan                     and inventories owned by the Company and TAM
   rasio persediaan yang dijaminkan terhadap piutang              with minimum ratio of pledged inventories to
   yang dijaminkan minimum sebesar 1,5 (satu koma                 pledged receivables at 1.5 (one point five) times.
   lima) kali.

   Sebagaimana         disyaratkan    dalam    perjanjian         As required by the loan agreement, the Company,
   pinjaman, Perusahaan, secara konsolidasian, harus              on consolidation basis, should maintain the
   mempertahankan rasio keuangan sebagai berikut :                following financial ratios:
   •    Mempertahankan rasio lancar kurang dari                  •     Maintain current ratio to be not less than
        1 (satu) kali;                                                 1 (one) time;
   • Mempertahankan             jumlah    piutang    dan         • Maintain the sum of accounts receivable and
        persediaan terhadap total pinjaman tidak                       inventories to outstanding loans to be not less
        kurang dari 1,1 (satu koma satu) kali;                         than 1.1 (one point one) times;
   •    Mempertahankan debt service coverage ratio               •     Maintain debt service coverage ratio (DCSR) to
        (DCSR) tidak kurang dari 1,5 (satu koma lima)                  be not less than 1.5 (one point five) times;
        kali;

   Perjanjian pinjaman tersebut juga mensyaratkan                 The loan agreement also requires PT Eralink
   PT Eralink International, induk perusahaan, untuk              International, parent company, to hold at least 51%
   mempertahankan setidaknya 51% kepemilikan pada                 share ownership in the Company.
   Perusahaan.

   Jumlah pinjaman yang dapat ditarik oleh                        Total loan that can be withdrawn by the Company
   Perusahaan     dan EAR  tidak    melebihi                      and EAR shall not exceed Rp450,000,000.
   Rp450.000.000.

   Pada tanggal 31 Desember 2022, Perusahaan dan                  As of December 31, 2022, the Company and EAR
   EAR telah memenuhi semua persyaratan                           have complied with all covenants which were stated
   sebagaimana diatur dalam perjanjian pinjaman                   in the loan agreements above.
   tersebut di atas.




                                                        111
Page 456
                                                                  The original consolidated financial statements included herein
                                                                                                are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                           PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                              NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                          As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                                 For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                               (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                          Unless Otherwise Stated)


16. UTANG BANK (lanjutan)                                         16. BANK LOANS (continued)

   PT Bank Mandiri (Persero) Tbk                                        PT Bank Mandiri (Persero) Tbk

   Pada tanggal 28 Agustus 2023, Perusahaan,                            On August 28, 2023, the Company, PT Data Citra
   PT Data Citra Mandiri (“DCM”), entitas anak,                         Mandiri (“DCM”), a subsidiary, PT Erafone Artha
   PT Erafone Artha Retailindo (“EAR”), entitas anak,                   Retailindo (“EAR”), a subsidiary, and PT Teletama
   dan PT Teletama Artha Mandiri (“TAM”), entitas                       Artha Mandiri (“TAM”), a subsidiary, entered into a
   anak, menandatangani perjanjian pinjaman joint                       joint borrower loan agreement with PT Bank
   borrower dengan PT Bank Mandiri (Persero) Tbk                        Mandiri (Persero) Tbk (“Mandiri”).
   (“Mandiri”).

   Berdasarkan perjanjian joint borrower dengan                         Based on the above joint borrower agreement with
   Mandiri di atas, Perusahaan dan entitas anak                         Mandiri above, the Company and certain
   tertentu (secara bersama-sama disebut sebagai                        subsidiaries (collectively referred as “the Debitors”)
   “para Debitur”) mendapatkan fasilitas sebagai                        obtained the following facilities:
   berikut:

   - Fasilitas pinjaman revolving dengan pagu kredit                    - Time revolving loan facility with maximum credit
     gabungan pada tanggal 31 Desember 2023                               amount as of September 31, 2023 amounted to
     sebesar Rp3.000.000.000. Jumlah pinjaman                             Rp3,000,000,000. The total time revolving loan
     revolving yang dapat ditarik oleh masing-masing                      that can be withdrawn by each Debitors are as
     Debitur masing-masing sebagai berikut:                               follows:

                                           Pagu Kredit/Maximum Credit Amount

                                                   31 December 2023/
                                                   December 31, 2023

     EAR                                                600.000.000                                                          EAR
     TAM                                              1.200.000.000                                                          TAM
     DCM                                              1.200.000.000                                                          DCM

   Pada tahun 2023, fasilitas-fasilitas pinjaman                        In 2023, these loan facilities bear interest at 7.50%
   tersebut dikenakan tingkat suku bunga sebesar                        per annum.
   7,50% per tahun.

   Perusahaan mendapatkan fasilitas berupa Standby                      The Company obtained facility in the form of
   Letter of Credit dengan pagu kredit pada tanggal                     Standby Letter of Credit with maximum credit
   31      Desember      2023     tidak    melebihi                     amount as of December 31, 2023 amounted to
   AS$150.000.000.                                                      US$150,000,000.

   Perusahaan juga mendapatkan fasilitas foreign                        The Company also obtained the foreign exchange
   exchange transaction (TOM, SPOT, Forward, dan                        transaction (TOM, SPOT, Forward, and Option)
   Option) sebesar US$6.000.000 atau limit notional                     amounted to US$6,000,000 or notional limit
   sebesar US$150.000.000.                                              amounted to US$150,000,000.

   Pada tanggal 31 Desember 2023, Perusahaan                            As of December 31, 2023, the Company has
   memiliki transaksi forward mata uang asing $AS                       forward foreign currency transactions in AS$ which
   yang akan jatuh tempo pada tanggal 3 Januari                         will mature on January 3, 2024. The derivative
   2024. Liabilitas derivatif yang dicatat dari transaksi               liabilities recorded from the forward transaction is
   forward tersebut adalah sebesar Rp1.275.150 dan                      amounted to Rp1,275,150 and are presented as
   disajikan sebagai bagian dari “Liabilitas Keuangan                   “Other Current Financial Liabilities” in the
   Jangka Pendek Lainnya” pada laporan posisi                           consolidated statement of financial position.
   keuangan konsolidasian.

   Berdasarkan perjanjian pinjaman joint borrower,                      Based on the joint borrower loan agreement, the TL
   fasilitas TL berlaku sampai dengan 1 tahun sejak                     facilities are valid until 1 year from the signing of the
   penandatanganan perjanjian kredit.                                   credit agreement.

                                                            112
Page 457
                                                               The original consolidated financial statements included herein
                                                                                             are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                     PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                            AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                        NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                           FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                    As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                           For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                         (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                    Unless Otherwise Stated)


16. UTANG BANK (lanjutan)                                      16. BANK LOANS (continued)

   PT Bank Mandiri (Persero) Tbk (lanjutan)                        PT Bank Mandiri (Persero) Tbk (continued)

   Fasilitas-fasilitas di atas dijamin dengan piutang              The above facilities are secured by receivables and
   dan persediaan yang dimiliki oleh pihak-pihak yang              inventories of the parties which obtained the credit
   mendapatkan fasilitas kredit dari Perjanjian Kredit             facilities   from      the    Credit     Agreement
   tersebut (Catatan 5 dan 6).                                     (Notes 5 and 6).

   Berdasarkan perjanjian di atas, para Debitur harus              Based on the above loan agreement, the Debitors
   mendapatkan persetujuan dari pihak Mandiri                      must obtain written approval from Mandiri before
   sebelum melakukan transaksi tertentu, antara lain:              entering into certain transactions, among others, as
                                                                   follows:
   •   Melakukan investasi atau mendirikan usaha                   •    Invest in or establish new business, except
       yang baru, kecuali investasi dan akuisisi yang                   invest in and acquisition by using the
       menggunakan dana hasil Penawaran Umum                            proceeds from Initial Public Offering;
       Perdana Saham;
   •   Menjual atau melepaskan aset tetap atau aset                •    Sell or dispose fixed assets or other core
       utama yang digunakan dalam kegiatan usaha,                       assets used in the business, except for
       kecuali untuk tujuan operasional;                                operational purposes;
   •   Melakukan perubahan dalam status Debitur,                   •    Make changes in the Debitor’s status, Articles
       Anggaran Dasar, dan komposisi dari Dewan                         of Association and the composition of the
       Komisaris, Direktur, dan Pemegang Saham,                         Boards of Commissioners, Board of Directors
       kecuali untuk mematuhi persyaratan Otoritas                      and Shareholders, except to comply with the
       Jasa Keuangan dan melakukan pengurangan                          Financial Services Authority’s requirements
       modal ditempatkan dan disetor penuh;                             and decrease in issued and fully paid share
                                                                        capital;
   •   Mengikatkan diri sebagai penanggung/                        •    Acted as insurer/guarantor and pledge the
       penjamin dan mengagunkan aset Debitur ;                          Debitor’s assets;
   •   Melakukan perubahan susunan pemegang                        •    Make changes in the composition of the
       saham pada TAM, EAR, dan DCM yang                                shareholders in TAM, EAR, and DCM which
       menyebabkan       kepemilikan    Perusahaan                      resulted in the Company’s ownership interest
       menjadi kurang dari 51%;                                         to become less than 51%;
   •   Memperoleh pinjaman baru dari pihak lain,                   •    Obtaining new loan from other party, and/or
       dan/atau menjaminkan aset Debitur sebagai                        pledge of the Debitor’s assets as collateral to
       jaminan kepada pihak lain; dan                                   other party; and
   •   Memberikan pinjaman kepada pihak ketiga                     •    Give loans to third party or affiliate, except if it
       atau afiliasinya, kecuali jika ada kaitannya                     is related with the Debitor’s operational
       dengan kegiatan operasional Debitur.                             purposes.

   Berdasarkan perjanjian di atas, para Debitur harus              Based on the above loan agreement, the Debitors
   menginformasikan pihak Mandiri bila melakukan                   must inform Mandiri when entering into certain
   transaksi tertentu, antara lain:                                transactions, among others, as follows:
   • Membagikan dividen.                                            • Declaring dividends.
   • Perubahan Anggaran Dasar Debitur dalam                         • Change of the Articles of Association in order
       rangka penyesuaian dengan peraturan Badan                        to comform with the regulations of the Capital
       Pengawas Pasar Modal yang telah digantikan                       Market Supervisory Agency which has been
       oleh Otoritas Jasa Keuangan.                                     replaced by the Financial Services Authority.
   • Melakukan perubahan susunan pemegang                          • Make changes in the composition of the
       saham pada TAM, EAR, dan DCM yang tidak                         shareholders in TAM, EAR, and DCM which do
       menyebabkan         kepemilikan   Perusahaan                    not resulted in the Company’s ownership
       menjadi kurang dari 51%.                                        interest to become less than 51%.




                                                         113
Page 458
                                                              The original consolidated financial statements included herein
                                                                                            are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                    PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                           AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                       NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                          FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                   As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                          For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                        (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                   Unless Otherwise Stated)


16. UTANG BANK (lanjutan)                                     16. BANK LOANS (continued)

   PT Bank Mandiri (Persero) Tbk (lanjutan)                       PT Bank Mandiri (Persero) Tbk (continued)
   Selain itu, para Debitur harus mempertahankan                  In addition, the Debitors should maintain the
   rasio keuangan sebagai berikut, sebagaimana                    following financial ratios, as defined in the loan
   didefinisikan dalam perjanjian kredit:                         agreement:
   •    Mempertahankan rasio lancar tidak kurang dari             •    Maintain current ratio to be not less than 1.1
        1,1 (satu) kali;                                               (one) time;
   • Mempertahankan           jumlah     piutang     dan           • Maintain the sum of accounts receivable and
        persediaan terhadap total pinjaman tidak                        inventories to outstanding loans to be not less
        kurang dari 1,1 (satu koma satu) kali;                          than 1.1 (one point one) times;
   • Mempertahankan rasio laba sebelum bunga,                      • Maintain the ratio of income before interest,
        manfaat (beban) pajak, penyusutan, dan                          income tax benefit (expense), depreciation
        amortisasi (“EBITDA”) terhadap beban bunga                      and amortization (“EBITDA”) to interest
        tidak kurang dari 1,5 (satu koma lima) kali;                    expense to be not less than 1.5 (one point
                                                                        five) times;

   Pada tanggal 31 Desember 2023, para Debitur                    As of December 31, 2023, the Debitors have
   telah memenuhi semua persyaratan sebagaimana                   complied with all covenants which were stated in
   diatur dalam perjanjian pinjaman tersebut di atas.             the loan agreements above.

   PT Bank CIMB Niaga Tbk                                         PT Bank CIMB Niaga Tbk

   Pada tanggal 9 Agustus 2023, PT Mitra Belanja                  On August 9, 2023, PT Mitra Belanja Anda (“MBA”),
   Anda (“MBA”), entitas anak, menandatangani                     a subsidiary, entered into a loan agreement with PT
   perjanjian pinjaman dengan PT Bank CIMB Niaga                  Bank CIMB Niaga Tbk (“CIMB Niaga”). On
   Tbk      (“CIMB       Niaga”).     Pada    tanggal             December 31, 2023, the credit facilities obtained by
   31 Desember 2023, fasilitas kredit yang diperoleh              MBA consists of Revolving Loan-PRK, Revolving
   MBA terdiri dari fasilitas Pinjaman Rekening Koran             Loan PTK, and Pinjaman Investasi “PI” with
   “PRK”, Pinjaman Transaksi Khusus “PTK” dan                     maximum credit amount of Rp25,000,000,
   Pinjaman Investasi “PI” dengan pagu kredit                     Rp25,000,000 and Rp150,000,000, respectively.
   masing-masing           sebesar      Rp25.000.000,
   Rp25.000.000 dan Rp150.000.000.

   Untuk periode yang berakhir pada tanggal                       For the period ended December 31, 2023, these
   31 Desember 2023, fasilitas-fasilitas pinjaman                 loan facilities bear interest ranging from 7.25% per
   tersebut dikenakan tingkat suku bunga sebesar                  annum.
   7,25% per tahun.

   Pada tanggal 31 Desember 2023, fasilitas-fasilitas             As of December 31, 2023, these facilities are
   ini dijamin dengan aset tetap MBA sebesar                      secured by fixed assets of MBA amounting to
   Rp160.000.000 (Catatan 13) dan persediaan                      Rp160,000,000 (Note 13) and inventories of
   sebesar Rp60.000.000 (Catatan 7).                              Rp60,000,000 (Note 7).




                                                        114
Page 459
                                                               The original consolidated financial statements included herein
                                                                                             are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                     PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                            AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                        NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                           FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                    As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                           For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                         (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                    Unless Otherwise Stated)


16. UTANG BANK (lanjutan)                                      16. BANK LOANS (continued)

   PT Bank CIMB Niaga Tbk (lanjutan)                               PT Bank CIMB Niaga Tbk (continued)

   Berdasarkan perjanjian di atas, Perusahaan wajib                Based on the above loan agreement, the
   menjaga kepemilikannya pada MBA minimal                         Company is required to maintain at minimum 51%
   sebesar 51%, dan MBA harus mendapatkan                          ownership interest on MBA, and MBA must obtain
   persetujuan dari CIMB Niaga sebelum melakukan                   written approval from CIMB Niaga before entering
   transaksi tertentu, antara lain: (lanjutan)                     into certain transactions, among others, as
                                                                   follows: (continued)
   •   Membagikan dividen;                                         •    Declaring dividends;
   •   Memberikan pinjaman kepada pihak ketiga                     •    Give loans to third party, except if it is related
       kecuali jika ada kaitannya dengan kegiatan                       with the Debitor’s operational purposes.;
       operasional Debitur.;
   •   Melakukan perubahan pada Anggaran Dasar,                    •    Make changes of the Articles of Association,
       susunan pemegang saham, Direksi dan                              composition of the shareholders, Boards of
       Dewan Komisaris.                                                 Directors and Commissioners.

   Selain itu, para Debitur harus mempertahankan                   In addition, the Debitors should maintain the
   rasio keuangan sebagai berikut, sebagaimana                     following financial ratios, as defined in the loan
   didefinisikan dalam perjanjian kredit:                          agreement:

   •   Mempertahankan DSCR tidak kurang dari 1                     •    Maintain DSCR to be not less than
       (satu) kali pada tahun 2023 dan 1,1 (satu koma                   1 (one) time in 2023 and 1.1 (one point one)
       satu) kali pada tahun 2024;                                      times in 2024;
   •   Mempertahankan        jumlah    piutang     dan             •    Maintain the sum of accounts receivable and
       persediaan terhadap total pinjaman tidak                         inventories to outstanding loans to be not less
       kurang dari 1 (satu) kali;                                       than 1 (one) times;
   •   Mempertahankan gearing ratio maksimum 2,5                   •    Maintain gearing ratio maximum 2.5 (two
       (dua koma lima) kali;                                            point five) times;
   •   Mempertahankan rasio laba sebelum manfaat                   •    Maintain the ratio of income before income
       (beban) pajak, penyusutan, dan amortisasi                        tax benefit (expense), depreciation and
       (“EBITDA”) terhadap beban bunga tidak                            amortization (“EBITDA”) to interest expense
       kurang dari 4,5 (empat koma lima) kali pada                      to be not less than 4.5 (four point five) times
       tahun 2023 dan 4 (empat) kali pada tahun                         in 2023 and 4 (four) times in 2024;
       2024;

   Pada tanggal 31 Desember 2023, MBA telah                        As of December 31, 2023, MBA have complied
   memenuhi semua persyaratan sebagaimana diatur                   with all covenants which were stated in the loan
   dalam perjanjian pinjaman tersebut di atas.                     agreements above.




                                                         115
Page 460
                                                           The original consolidated financial statements included herein
                                                                                         are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                 PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                        AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                    NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                       FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                       For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                     (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                Unless Otherwise Stated)


16. UTANG BANK (lanjutan)                                  16. BANK LOANS (continued)

   CIMB Bank Bhd.                                              CIMB Bank Bhd.

   Pada tanggal 29 Juli 2016, CG, entitas anak,                On July 29, 2016, CG, a subsidiary, entered into a
   menandatangani perjanjian pinjaman dengan CIMB              loan agreement with CIMB Bank Bhd. (“CIMB”). On
   Bank Bhd. (“CIMB”). Pada tanggal 31 Januari 2023,           Januari 31, 2023, the above credit agreement has
   perjanjian kredit di atas telah diperpanjang sampai         been amended and extended to Januari 31, 2024.
   31 Januari 2024. Berdasarkan perubahan perjanjian           Based on the latest amendment, CG obtained
   kredit terakhir, CG memperoleh fasilitas Overdraft          Overdraft (OD), Multi Option Line (MOL), Bank
   (OD), Multi Option Line (MOL), Bank Guarantee               Guarantee (BG), Bankers Acceptance (BA),
   (BG), Bankers Acceptance (BA), Documentary                  Documentary      Credit    (DC),   and      Standby
   Credit (DC), Standby Documentary Credit (SBLC)              Documentary Credit (SBLC) facilities with maximum
   dengan pagu kredit masing-masing sebesar                    credit amount of MYR8,000,000, MYR92,000,000,
   RM8.000.000, RM92.000.000, RM54.000.000,                    MYR54,000,000,                    MYR55,000,000,
   RM55.000.000, RM54.000.000, dan RM92.000.000.               MYR54,000,000,          and       MYR92,000,000,
   Jumlah kredit keseluruhan yang digunakan tidak              respectively. The total credit amount utilized shall
   dapat melebihi RM100.000.000, dan jumlah kredit             not exceed MYR100,000,000, and the combined
   gabungan BG, BA, DC dan SBLC yang dapat                     credit of BG, BA, DC and SBLC that can be utilized
   digunakan tidak dapat melebihi RM92.000.000.                shall not exceed MYR92,000,000.

   Fasilitas-fasilitas di atas dijamin dengan agunan            The above facilities are secured by the following
   sebagai berikut:                                             collaterals:

      Jaminan korporasi oleh Perusahaan;                           Corporate guarantee by the Company;

      Tanah dan bangunan yang dimiliki oleh CG                     Land and buildings owned by CG located in
       yang berlokasi di Penang senilai RM7.389.228.                 Penang amounting to MYR7,389,228.

   Berdasarkan perjanjian pinjaman dengan CIMB di               Based on the above loan agreement with CIMB,
   atas, CG disyaratkan untuk:                                  CG is required to:

      Menjaga        keberlangsungan      Perjanjian               Ensure the continuity of the Distributorship
       Distributor dengan Apple Malaysia Sdn. Bhd.;                  Agreement with Apple Malaysia Sdn. Bhd.;

      Membagikan dividen;                                          Declaring dividends;

      Mempertahankan gearing ratio agar tidak                      Maintain the gearing ratio of no more than 2
       melebihi 2 (dua) kali; dan                                    (two) times; and

      Membatasi pinjaman ke entitas anak/direktur/                 Capped the loan to subsidiary/director/related
       pihak afiliasi agar tidak melebihi RM2.000.000.               company to not more than MYR2,000,000.

   Pada tanggal 31 Desember 2023, CG telah                      As of December 31, 2023, CG has complied with
   memenuhi semua persyaratan sebagaimana diatur                all covenants which were stated in the loan
   dalam perjanjian pinjaman tersebut di atas.                  agreements above.

   Pada tanggal 31 Desember 2023, saldo terutang                As of December 31, 2023, the outstanding balance
   atas fasilitas OD sebesar RM5.221.986 (setara                of OD facilities amounted to MYR5,221,986
   dengan Rp17.418.456).                                        (equivalent to Rp17,418,456).




                                                     116
Page 461
                                                                                           The original consolidated financial statements included herein
                                                                                                                         are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                                                  PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                                                         AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                                                     NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                                        FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                                                 As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                                                        For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                                                      (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                                                 Unless Otherwise Stated)


16. UTANG BANK (lanjutan)                                                                 16. BANK LOANS (continued)

   Malayan Banking Bhd.                                                                           Malayan Banking Bhd.

   Pada tanggal 21 Juni 2018, Switch Concept Sdn.                                                 On June 21, 2018, Switch Concept Sdn. Bhd.
   Bhd. (“Switch”), entitas anak, menandatangani                                                  (“Switch”), a subsidiary, entered into a loan
   perjanjian pinjaman dengan Malayan Banking Bhd.                                                agreement        with  Malayan   Banking    Bhd.
   (“Maybank”), dimana Switch memperoleh fasilitas                                                (“Maybank”), whereby Switch obtained an
   Overdraft (“OD”) dengan pagu kredit sebesar                                                    Overdraft Facility (“OD”) with maximum credit
   RM1.000.000, dan fasilitas Letter of Credit, Trust                                             amount of MYR1,000,000, and Letter of Credit,
   Receipt, dan Banker’s Acceptance (“BA”) dengan                                                 Trust Receipt, and Banker’s Acceptance (“BA”)
   pagu kredit gabungan sebesar RM2.000.000.                                                      facilities with combined maximum credit amount of
                                                                                                  MYR2,000,000.

   Fasilitas-fasilitas di atas dikenakan bunga masing-                                            The above facilities are charged with the following
   masing sebesar:                                                                                interest:

                                                                    Tingkat Suku Bunga/
                                                                        Interest Rate

   Overdraft                                                  BLR1) + 1% per tahun/per annum                                                     Overdraft
   Letter of Credit                                             0,1% per bulan/per mensem                                                  Letter of Credit

   Trust Receipt                                            BLR1) + 1,50% per tahun/per annum                                              Trust Receipt
   Banker’s Acceptance                                         1,50% per tahun/per annum                                            Banker’s Acceptance
   1)
        BLR mengacu suku bunga dasar yang berlaku di Malaysia/BLR referred to as the prevailing base lending rate in Malaysia


   Fasilitas-fasilitas di atas dijamin dengan jaminan                                             The above facilities are secured by corporate
   korporasi oleh CG dan negative pledge atas aset-                                               guarantee by CG and negative pledge over
   aset Switch.                                                                                   Switch’s assets.

   Berdasarkan perjanjian pinjaman dengan Maybank                                                 Based on the above loan agreement with
   di atas, Switch disyaratkan untuk:                                                             Maybank, Switch is required to:

        Membatasi pembayaran dividen maksimal                                                         Capped the dividend payment at maximum
         sebesar 50% dari laba setelah pajak tahun                                                      50% of profit after tax for each corresponding
         terkait; dan                                                                                   financial year; and

        Meningkatkan modal disetor menjadi sebesar                                                    Increase the paid-up capital to become
         RM500.000.                                                                                     MYR500,000.

   Berdasarkan perubahan perjanjian pinjaman                                                      Based on the latest amendment of the loan
   terakhir, fasilitas pinjaman di atas berlaku sampai                                            agreement, the above credit facilities are valid until
   dengan 31 Desember 2023.                                                                       December 31, 2023.

   Pada tanggal 31 Desember 2023, Switch memiliki                                                 As of December 31, 2023, the outstanding balance
   saldo terutang atas fasilitas OD dan BA masing-                                                of OD and BA facilities amounted to MYR793,562
   masing sebesar RM793.562 (setara dengan                                                        (equivalent to Rp2,652,084) and MYR2,323,160
   Rp2.652.084) dan RM2.323.160 (setara dengan                                                    (equivalent to Rp7,764,000).
   Rp7.764.000).

   Pada tanggal 31 Desember 2022, Switch memiliki                                                 As of December 31, 2022, the outstanding balance
   saldo terutang atas fasilitas OD dan BA masing-                                                of OD and BA facilities amounted to MYR832,353
   masing sebesar RM832.353 (setara dengan                                                        (equivalent to Rp2,960,054) and MYR2,001,000
   Rp2.960.054) dan RM2.001.000 (setara dengan                                                    (equivalent to Rp7,116,056).
   Rp7.116.056).




                                                                             117
Page 462
                                                                                           The original consolidated financial statements included herein
                                                                                                                         are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                                                  PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                                                         AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                                                     NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                                        FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                                                 As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                                                        For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                                                      (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                                                 Unless Otherwise Stated)


16. UTANG BANK (lanjutan)                                                                 16. BANK LOANS (continued)

   Malayan Banking Bhd. (lanjutan)                                                                Malayan Banking Bhd. (continued)

   Pada tanggal 19 Oktober 2018, Urban Republic                                                   On October 19, 2018, Urban Republic Sdn. Bhd.
   Sdn. Bhd. (“Urban”), entitas anak, menandatangani                                              (“Urban”), a subsidiary, entered into a loan
   perjanjian pinjaman dengan Malayan Banking Bhd.                                                agreement    with    Malayan      Banking      Bhd.
   (“Maybank”), dimana Urban memperoleh fasilitas                                                 (“Maybank”), whereby Urban obtained an
   Overdraft (“OD”) dengan pagu kredit sebesar                                                    Overdraft Facility (“OD”) with maximum credit
   RM1.000.000, dan fasilitas Banker’s Acceptance                                                 amount of MYR1,000,000, and Banker’s
   (“BA”), Letter of Credit, Trust Receipt, dan Bank                                              Acceptance (“BA”) , Letter of Credit, Trust Receipt,
   Guarantee dengan pagu kredit gabungan sebesar                                                  and Bank Guarantee facilities with combined
   RM2.000.000.                                                                                   maximum credit amount of MYR2,000,000.

   Fasilitas-fasilitas di atas dikenakan bunga masing-                                            The above facilities are charged with the following
   masing sebesar:                                                                                interest:

                                                                    Tingkat Suku Bunga/
                                                                        Interest Rate

    Banker’s Acceptance                                         1,50% per tahun/per annum                                           Banker’s Acceptance
    Overdraft                                                 BLR1) + 1% per tahun/per annum                                                   Overdraft
    Letter of Credit                                            0,1% per bulan/per mensem                                                Letter of Credit

    Trust Receipt                                           BLR2) + 1,50% per tahun/per annum                                              Trust Receipt
    Bank Guarantee                                            0,125% per bulan/per mensem                                                Bank Guarantee

   2)
        BLR mengacu suku bunga dasar yang berlaku di Malaysia/BLR referred to as the prevailing base lending rate in Malaysia


   Fasilitas-fasilitas di atas dijamin dengan jaminan                                             The above facilities are secured by corporate
   korporasi oleh CG dan negative pledge atas aset-                                               guarantee by CG and negative pledge over
   aset Urban.                                                                                    Urban’s assets.

   Berdasarkan perjanjian pinjaman dengan Maybank                                                 Based on the above loan agreement with
   di atas, Urban disyaratkan untuk meningkatkan                                                  Maybank, Urban is required to increase the paid-
   modal disetor menjadi sebesar RM500.000. Pada                                                  up capital to become MYR500,000. As of
   tanggal 31 Desember 2023, Urban telah memenuhi                                                 December 31, 2023, Urban has complied with all
   semua persyaratan sebagaimana diatur dalam                                                     covenants which were stated in the loan
   perjanjian pinjaman tersebut di atas.                                                          agreements above.

   Berdasarkan perubahan perjanjian pinjaman                                                      Based on the latest amendment of the loan
   terakhir, fasilitas pinjaman di atas berlaku sampai                                            agreement, the above credit facilities are valid until
   dengan 31 Agustus 2024.                                                                        August 31, 2024.

   Pada tanggal 31 Desember 2023, saldo terutang                                                  As of December 31, 2023, the outstanding balance
   atas fasilitas OD dan BA Urban masing – masing                                                 of Urban’s OD and BA facility amounted to
   sebesar RM634.759 (setara dengan Rp2.121.365)                                                  MYR634,759 (equivalent to Rp2,121,365) and
   dan RM125.009 (setara dengan Rp417.779)                                                        MYR125,009 (equivalent to Rp417,779)

   Pada tanggal 31 Desember 2022, saldo terutang                                                  As of December 31, 2022, the outstanding balance
   atas fasilitas OD dan BA Urban masing – masing                                                 of Urban’s OD and BA facility amounted to
   sebesar RM267.987 (setara dengan Rp953.029)                                                    MYR267.987 (equivalent to Rp953,029) and
   dan RM1.287.000 (setara dengan Rp4.576.894)                                                    MYR1.287.000 (equivalent to Rp4,576,894)




                                                                             118
Page 463
                                                          The original consolidated financial statements included herein
                                                                                        are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                       AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                   NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                      FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                               As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                      For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                    (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                               Unless Otherwise Stated)


16. UTANG BANK (lanjutan)                                 16. BANK LOANS (continued)

   Malayan Banking Bhd. (lanjutan)                             Malayan Banking Bhd. (continued)

   Fasilitas-fasilitas di atas dijamin dengan jaminan          The above facilities are secured by corporate
   korporasi oleh Perusahaan. Pada tanggal                     guarantee   by     the   Company.    As    of
   31 Desember 2022, CG telah memenuhi semua                   December 31, 2022, CG has complied with all
   persyaratan sebagaimana diatur dalam perjanjian             covenants which were stated in the loan
   pinjaman tersebut di atas.                                  agreements above.

   Pada tanggal 27 Oktober 2020, CG Computers Sdn.             On October 27, 2020, CG Computers Sdn. Bhd.
   Bhd. (“CG”), entitas anak, menandatangani                   (“CG”), a subsidiary, entered into a loan agreement
   perjanjian pinjaman dengan Malayan Banking Bhd.             with Malayan Banking Bhd. (“Maybank”), The loan
   (“Maybank”), Perjanjian pinjaman tersebut telah             agreement has been amended for several times,
   mengalami beberapa perubahan. Pada tanggal                  whereby on July 13, 2021, CG obtained a Letter of
   13 Juli 2021, CG memperoleh fasilitas Letter of             Credit (LC) with maximum credit amount of
   Credit (LC) dengan pagu kredit sebesar                      MYR48,000,000. On July 13, 2022, CG obtained a
   RM48.000.000. Pada tanggal 13 Juli 2022, CG                 additional Letter of Credit (LC) with maximum
   memperoleh penambahan fasilitas Letter of Credit            credit amount become to MYR128,000,000.
   (LC) dengan pagu kredit menjadi sebesar                     On Jule 15, 2023, CG obtained a additional Letter
   RM128.000.000. Pada tanggal 15 Juni 2023, CG                of Credit (LC) with maximum credit amount
   memperoleh penambahan fasilitas Letter of Credit            become to MYR178,000,000.
   (LC) dengan pagu kredit menjadi sebesar
   RM178.000.000.

   Fasilitas tersebut dikenakan bunga sebesar 0,1%             The facilities are charged with 0.1% per month/per
   per bulan/per mensem (minimum RM75).                        mensem (minimum MYR75).

   Fasilitas-fasilitas di atas dijamin dengan jaminan          The above facilities are secured by corporate
   korporasi oleh PT Erajaya Swasembada Tbk. Pada              guarantee by PT Erajaya Swasembada Tbk. As of
   tanggal 31 Desember 2023, CG telah memenuhi                 December 31, 2023, CG has complied with all
   semua persyaratan sebagaimana diatur dalam                  covenants which were stated in the loan
   perjanjian pinjaman tersebut di atas.                       agreements above.

   Pada tanggal 31 Desember 2023, saldo terutang               As of December 31, 2023, the outstanding balance
   atas fasilitas LC dan BA masing-masing sebesar              of CG’s LC and BA facility amounted to
   RM5.427.083 (setara dengan Rp18.137.310) dan                MYR5,427,083 (equivalent to Rp18,137,310) and
   RM47.632.742 (setara dengan Rp159.188.623).                 MYR47,632,742 (equivalent to Rp159,188,623),
                                                               respectively.

   Pada tanggal 31 Desember 2022, saldo terutang               As of December 31, 2022, the outstanding balance
   atas fasilitas LC dan BA masing-masing sebesar              of CG’s LC and BA facility amounted to
   RM6.070.311 (setara dengan Rp21.587.544) dan                MYR6,070,311 (equivalent to Rp21,587,544) and
   RM18.962.887 (setara dengan Rp67.436.767).                  MYR18,962,887 (equivalent to Rp67,436,767),
                                                               respectively.

   DBS Bank Ltd.                                               DBS Bank Ltd.

   Pada tanggal 24 Juni 2020, Era International                On June 24, 2020, Era International Network Pte.
   Network Pte. Ltd. (“EINS”), entitas anak,                   Ltd (“EINS”), a subsidiary, entered into a loan
   menandatangani perjanjian fasilitas bank dengan             agreement with DBS Bank Ltd (“DBS”), The Loan
   DBS Bank Ltd (“DBS”), Perjanjian tersebut telah             agreement has been amended for several times,
   mengalami perubahan, pada tanggal 8 maret 2023,             whereby on March 8, 2023, EINS obtained trade
   EINS memperoleh fasilitas Trade dengan pagu                 facilities with maximum credit amount of
   kredit sebesar $AS3.000.000 dan fasilitas Long              US$3,000,000 and Long Term Letter of Guarantee
   term Letter dengan pagu kredit sebesar                      facilities with maximum credit amount of
   $AS309.000.                                                 US$309,000.


                                                    119
Page 464
                                                               The original consolidated financial statements included herein
                                                                                             are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                     PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                            AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                        NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                           FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                    As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                           For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                         (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                    Unless Otherwise Stated)


16. UTANG BANK (lanjutan)                                     16. BANK LOANS (continued)

   DBS Bank Ltd (lanjutan)                                            DBS Bank Ltd (continued)

   Fasilitas tersebut dikenakan biaya tahunan sebesar                 The facilities are charged with annual fee
   $AS1.000 dan bunga sebesar dana biaya yang                         amounting US$1,000 and interest amounting to
   berlaku ditambah 3% per tahun                                      prevailing cost of funds plus 3% per annum

   Berdasarkan perjanjian pinjaman dengan DBS                         Based on the above loan agreement with DBS,
   diatas, EINS disyaratkan untuk:                                    EINS is required to:
      Menjaga adjusted net worth tidak kurang dari                     Ensure adjusted net worth not less than
       $AS7.500.000                                                      US$7,500,000
      Pembiayaan dibawah fasilitas ini dibatasi untuk                  Financing under this facilities shall be
       pembelian dari supplier yang disetujui DBS                        restricted to purchase from supplier
       (Xiaomi HK Limited)                                               acceptable to DBS (Xiaomi HK Limited)
      Tidak ada transaksi pihak berelasi yang                          No related party transaction are permitted for
       diizinkan untuk pembiayaan dibawah fasilitas                      financing under this facilities
       ini.

   Pada tanggal 31 Desember 2023, EINS telah                          As of December 31, 2023, EINS has complied with
   memenuhi semua persyaratan sebagaimana diatur                      all covenants which were stated in the loan
   dalam perjanjian pinjaman tersebut diatas.                         agreements above.

   Pada tanggal 31 Desember 2023 dan 2022, saldo                      As of December 31, 2023 and 2022, the
   terutang atas trade facilities sebesar $AS1.627.743                outstanding balance of trade facilities amounted to
   (setara dengan Rp25.093.289) dan $AS1.175.679                      US$1,627,743 (equivalent to Rp25,093,289) and
   (setara dengan Rp18.494.609).                                      US$1,175,679 (equivalent to Rp18,494,609).

   Maybank Singapore Limited                                          Maybank Singapore Limited
   Pada tanggal 7 Februari 2022, Erajaya Digital Retail               On February 7, 2022, Erajaya Digital Retail Pte.
   Pte. Ltd. (ERDIRET), menandatangani perjanjian                     Ltd. (ERDIRET), entered into a loan agreement
   pinjaman dengan Maybank Singapore Limited                          with Maybank Singapore Limited (“Maybank”).
   (“Maybank”). Berdasarkan perjanjian kredit tersebut,               Based on the agreement, ERDIRET obtained
   ERDIRET memperoleh fasilitas Letter of Credit (LC),                Letter of Credit (LC), Trust Receipt (TR), Revolving
   Trust Receipt (TR), Revolving Credit Facility (RCF),               Credit Facility (RCF), respectively, Standby
   Standby Documentary Credit (SBLC) dengan pagu                      Documentary Credit (SBLC) facilities with
   kredit masing-masing sebesar $Sin1.200.000,                        maximum credit amount of Sin$1,200,000,
   $Sin1.200.000, $Sin300.000, dan $Sin2.000.000.                     Sin$1,200,000, Sin$300,000, and Sin$2,000,000,
   Jumlah kredit keseluruhan yang digunakan tidak                     respectively. The total credit amount utilized shall
   dapat melebihi $Sin3.500.000.                                      not exceed Sin$3,500,000.

   Fasilitas-fasilitas di atas dikenakan bunga masing-             The above facilities are charged with the following
   masing sebesar:                                                 interest:

                                                Tingkat Suku Bunga/
                                                    Interest Rate

   Letter of Credit                         0,125% per bulan/per mensem                                       Letter of Credit
   Trust Receipt                               1% per tahun/per annum                                          Trust Receipt
   Revolving Credit Facility                 1,50% per tahun/per annum                               Revolving Credit Facility
   Standby Letter of Credit                  0,50% per tahun/per annum                               Standby Letter of Credit




                                                      120
Page 465
                                                             The original consolidated financial statements included herein
                                                                                           are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                   PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                          AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                      NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                         FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                  As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                         For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                       (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                  Unless Otherwise Stated)


16. UTANG BANK (lanjutan)                                    16. BANK LOANS (continued)

   Maybank Singapore Limited (lanjutan)                          Maybank Singapore Limited (continued)

   Pada tanggal 31 Desember 2023 dan 2022,                        As of Desember 31, 2023 and 2022, the
   ERDIRET memiliki saldo terutang atas fasilitas                 outstanding balance of ERDIRET’s related
   tersebut masing-masing sebesar $Sin3.079.663                   facilities amounted to Sin$3,079,663 (equivalent to
   (setara dengan Rp36.069.013) dan $Sin880.166                   Rp36,069,013) and Sin$880,166 (equivalent to
   (setara dengan Rp10.261.924).                                  Rp10,261,924), respectively.

   Beban bunga atas fasilitas-fasilitas kredit di atas            Interest expenses of the above credit facilities for
   untuk periode yang berakhir pada tanggal                       the period ended Desember 31, 2023 and
   31 Desember 2023 dan 31 Desember 2022 masing-                  December 31, 2022 amounted to Rp509,016,347
   masing     sebesar        Rp509.016.347        dan             and Rp222,353,174, respectively, are recorded as
   Rp222.353.174 dicatat sebagai bagian dari “Biaya               part of “Finance Costs” in the consolidated
   Keuangan” pada laporan laba rugi dan penghasilan               statements of profit or loss and other
   komprehensif lain konsolidasian (Catatan 30).                  comprehensive income (Note 30).


17. UTANG                                                     17. ACCOUNTS PAYABLE

   a. Utang usaha merupakan liabilitas kepada para                a.    Trade payables represents liabilities to
      pemasok atas pembelian persediaan. Rincian                        suppliers for purchases of inventories. The
      utang usaha - pihak ketiga berdasarkan pemasok                    details of trade payables - third parties per
      adalah sebagai berikut :                                          supplier are as follows:
                                              31 Desember/December 31

                                               2023            2022

      Pihak ketiga:                                                                                        Third parties:
        Rupiah                                                                                                Rupiah
           PT Samsung Electronics                                                          PT Samsung Electronics
             Indonesia                        487.821.846      195.208.081                            Indonesia
           PT Xiaomi Technology Indonesia     247.425.644      211.885.950         PT Xiaomi Technology Indonesia
           PT Apple Indonesia                 136.480.322       29.827.891                     PT Apple Indonesia
           PT Vivo Mobile Indonesia            90.579.402                -                PT Vivo Mobile Indonesia
           PT World Innovative                                                                 PT World Innovative
             Telecommunication                 82.853.555      118.636.046                   Telecommunication
           PT Garmin Indonesia distribution    43.105.681       22.815.811         PT Garmin Indonesia Distribution
           PT Siemens Indonesia                41.238.103       56.802.443                  PT Siemens Indonesia
           PT Synnex Metrodata Indonesia       28.236.131       19.394.762          PT Synnex Metrodata Indonesia
           PT Win AccessTelecommunication      19.540.636        9.503.285       PT Win Access Telecommunication
           PT B Braun Medical Indonesia        19.301.071       32.566.033           PT B Braun Medical Indonesia
           PT Telekomunikasi Selular           18.859.071        9.596.259               PT Telekomunikasi Selular
           PT GE Healthcare Indonesia          18.468.715       16.996.113             PT GE Healthcare Indonesia
           PT Asus Technology                                                                 PT Asus Technology
             Indonesia Batam                   14.674.826       30.415.599                      Indonesia Batam
           PT XL Axiata Tbk                    14.476.503       21.754.571                        PT XL Axiata Tbk




                                                      121
Page 466
                                                              The original consolidated financial statements included herein
                                                                                            are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                    PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                           AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                       NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                          FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                   As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                          For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                        (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                   Unless Otherwise Stated)


17. UTANG (lanjutan)                                           17. ACCOUNTS PAYABLE (continued)

   a. Utang usaha merupakan liabilitas kepada para                  a. Trade payables represents liabilities to suppliers
      pemasok atas pembelian persediaan. Rincian                        for purchases of inventories. The details of
      utang usaha - pihak ketiga berdasarkan pemasok                    trade payables - third parties per supplier are
      adalah sebagai berikut : (lanjutan)                               as follows: (continued)
                                               31 Desember/December 31

                                                 2023           2022

      Pihak ketiga: (lanjutan)                                                                 Third parties: (continued)
        Rupiah (lanjutan)                                                                         Rupiah (continued)
           PT Good Mobile Indonesia             11.637.251       34.248.461               PT Good Mobile Indonesia
           PT Indosat Tbk                       10.745.397       23.641.422                         PT Indosat Tbk
           PT Vivo Communication Indonesia             500       53.210.324        PT Vivo Communication Indonesia
           Lain-lain (masing-masing
              di bawah Rp10 miliar)            483.751.499      220.587.689         Others (below Rp10 billion each)
        Dolar Amerika Serikat                                                                        United States dollar
           Apple South Asia Pte. Ltd.,                                                   Apple South Asia Pte. Ltd.,
              Singapura ($AS87.500.152 pada                                           Singapore (US$87,500,152
              tanggal 31 Desember 2023                                                  as of December 31, 2023
              dan $AS37.916.063 pada                                                    and US$37,916,063 as of
              tanggal 31 Desember 2022)       1.348.902.342     596.457.586                   December 31, 2022)
           Blackhawk Network                                                                      Blackhawk Network
              ($AS2.285.249 pada                                                             (US$2,285,249 as of
              tanggal 31 Desember 2023                                                   December 31, 2023 and
              dan $AS2.426.692 pada                                                           US$2,426,692 as of
              tanggal 31 Desember 2022)         35.229.406       38.174.285                   December 31, 2022)
           Garmin Corporation                                                                     Garmin Corporation
              ($AS485.517 pada                                                                  (US$485,517 as of
              tanggal 31 Desember 2023                                                   December 31, 2023 and
              dan $AS965.696 pada                                                                US$965,696 as of
              tanggal 31 Desember 2022)          7.484.736       15.191.371                   December 31, 2022)
           Infinitt SE Asia Sdn. Bhd.                                                      Infinitt SE Asia Sdn. Bhd.
              ($AS304.337 pada                                                                  (US$304,337 as of
              tanggal 31 Desember 2023                                                   December 31, 2023 and
              dan $AS470.807 pada                                                          and US$470,807 as of
              tanggal 31 Desember 2022)          4.691.666        7.406.268                   December 31, 2022)
           iFlight Technology Co. Ltd.                                                   iFlight Technology Co. Ltd.
              ($AS239.060 pada                                                                  (US$239,060 as of
              tanggal 31 Desember 2023                                                   December 31, 2023 and
              dan $ AS5.756.550 pada                                                          US$5,756,550 as of
              tanggal 31 Desember 2022)          3.685.356       90.556.285                   December 31, 2022)
           HMD Global Oy                                                                              HMD Global Oy
              ($AS1.408.865)                              -      22.162.860                         (US$1,408,865)
           Lain-lain (masing-masing
              di bawah Rp5 milliar)                                                   Others (below Rp5 billion each)
              ($AS547.280 pada tanggal                                                          (US$547,280 as of
              31 Desember 2023 dan                                                        December 31, 2023 and
              $AS680.469 pada tanggal                                                            US$680,469 as of
              31 Desember 2022)                  8.436.874       10.704.456                   December 31, 2022)




                                                        122
Page 467
                                                             The original consolidated financial statements included herein
                                                                                           are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                   PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                          AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                      NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                         FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                  As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                         For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                       (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                  Unless Otherwise Stated)


17. UTANG                                                     17. ACCOUNTS PAYABLE

   a.   Utang usaha merupakan liabilitas kepada para              a.    Trade payables represents liabilities to
        pemasok atas pembelian persediaan. Rincian                      suppliers for purchases of inventories. The
        utang usaha - pihak ketiga berdasarkan                          details of trade payables - third parties per
        pemasok adalah sebagai berikut : (lanjutan)                     supplier are as follows: (continued)
                                              31 Desember/December 31

                                               2023            2022

        Pihak ketiga: (lanjutan)                                                                Third parties: (continued)
         Dolar Singapura                                                                              Singapore dollar
           Telecom Equipment Pte. Ltd.                                                 Telecom Equipment Pte. Ltd.
              ($Sin2.272.415 pada tanggal                                                   (Sin$2,272,415 as of
              31 Desember 2023 dan                                                       December 31, 2023 and
              $Sin1.066.564 pada tanggal                                                     Sin$1,066,564 as of
              31 Desember 2022)                26.614.521       12.435.070                  December 31, 2022)
           Ingram Micro Asia Pte. Ltd.                                                  Ingram Micro Asia Pte. Ltd.
              ($Sin599.616 pada tanggal                                                       (Sin$599,616 as of
              31 Desember 2023 dan                                                       December 31, 2023 and
              $Sin1.518.470 pada tanggal                                                    (Sin$1,518,470 as of
              31 Desember 2022)                 7.022.706       17.703.844                  December 31, 2022)
           Lain-lain (masing-masing
              di bawah Rp5 milliar)                                                 Others (below Rp5 billion each)
              ($Sin231.870 pada tanggal                                                       (Sin$231,870 as of
              31 Desember 2023 dan                                                      December 31, 2023 and
              $Sin423.947 pada tanggal                                                         Sin$423,947 as of
              31 Desember 2022)                 2.715.659        4.942.795                  December 31, 2022)
         Ringgit Malaysia                                                                           Malaysian Ringgit
           Apple Malaysia Sdn. Bhd.                                                      Apple Malaysia Sdn. Bhd.
              (RM109.650.680 pada tanggal                                               (MYR109,650,680 as of
              31 Desember 2023 dan                                                      December 31, 2023 and
              RM111.851.296 pada                                                         MYR111,851,296 as of
              tanggal 31 Desember 2022)       366.452.571      397.743.209                  December 31, 2022)
           Dancom Tt&L Telecommunications                                        Dancom Tt&L Telecommunications
              Sdn. Bhd. (RM2.601.840                                                  Sdn. Bhd. (MYR2,601,840
              pada tanggal 31 Desember 2023                                            as of December 31, 2023
              dan RM4.405.236 pada                                                     and MYR4,405,236 as of
              tanggal 31 Desember 2022)         8.695.349       15.665.018                  December 31, 2022)
           Samsung Malaysia Electronics                                             Samsung Malaysia Electronics
              (SME) Sdn. Bhd. (RM1.302.657                                      (SME) Sdn. Bhd. (MYR1,302,657
              pada tanggal 31 Desember 2023                                            as of December 31, 2023
              dan RM5.016.611 pada                                                     and MYR5,016,611 as of
              tanggal 31 Desember 2022)         4.353.479       17.839.070                  December 31, 2022)
           Lain-lain (masing-masing
              di bawah Rp10 milliar)                                               Others (below Rp10 billion each)
              (RM10.931.279 pada                                                          (MYR10,931,279 as of
              tanggal 31 Desember 2023                                                  December 31, 2023 and
              dan RM8.611.171 pada                                                          MYR8,611,171 as of
              tanggal 31 Desember 2022)        36.532.334       30.621.323                  December 31, 2022)




                                                      123
Page 468
                                                            The original consolidated financial statements included herein
                                                                                          are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                  PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                         AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                     NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                        FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                 As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                        For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                      (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                 Unless Otherwise Stated)


17. UTANG (lanjutan)                                        17. ACCOUNTS PAYABLE (continued)

   a.    Utang usaha merupakan liabilitas kepada para            a.     Trade payables represents liabilities to
         pemasok atas pembelian persediaan. Rincian                     suppliers for purchases of inventories. The
         utang usaha - pihak ketiga berdasarkan                         details of trade payables - third parties per
         pemasok adalah sebagai berikut: (lanjutan)                     supplier are as follows: (continued)

                                             31 Desember/December 31

                                               2023           2022

        Pihak ketiga: (lanjutan)                                                                 Third parties: (continued)
          Yuan China                                                                                     Chinese Yuan
             iFlight Technology Company                                                iFlight Technology Company
                Limited (CNY8.563.852)        18.583.559                  -           Limited (CNY109,650,680)
             Lain-lain (masing-masing
                di bawah Rp10 milliar)                                             Others (below Rp10 billion each)
                (CNY311.007)                     674.885                  -                        (CNY311,007)
          Dollar Hongkong                                                                             Hongkong Dollar
             6ixty 8ight Textile Supply                                                   6ixty 8ight Textile Supply
                Chain (Shenzhen) Co., Ltd                                             Chain (Shenzhen) Co., Ltd
                ($HK82.770)                      163.306                  -                          ($HK82,770)

        Total utang usaha - pihak ketiga    3.649.434.902   2.384.694.180             Total trade payables - third parties

        Total utang usaha -                                                                        Total trade payables -
          pihak-pihak berelasi                21.940.018       16.120.928                             related parties

        Total utang usaha                   3.671.374.920   2.400.815.108                          Total trade payables


         Rincian utang usaha kepada pihak-pihak                        The details of trade payables to related parties
         berelasi diungkapkan lebih lanjut pada                        are disclosed further in Note 33.
         Catatan 33.

   b.    Rincian umur utang usaha - pihak ketiga               b.     The aging analysis of trade payables - third
         adalah sebagai berikut:                                      parties is as follows:

                                             31 Desember/December 31

                                               2023           2022

        Lancar                              3.457.250.595   1.668.675.585                                        Current
        Telah jatuh tempo:                                                                                     Overdue:
          1 - 30 hari                        149.118.544      629.650.550                                1 - 30 days
          31 - 60 hari                         8.192.587       14.859.307                               31 - 60 days
          61 - 90 hari                         7.639.592       49.408.342                               61 - 90 days
          Lebih dari 90 hari                  27.233.584       22.100.396                         More than 90 days

        Total                               3.649.434.902   2.384.694.180                                            Total




                                                      124
Page 469
                                                                The original consolidated financial statements included herein
                                                                                              are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                      PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                         NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                            FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                     As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                            For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                          (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                     Unless Otherwise Stated)


17. UTANG (lanjutan)                                           17. ACCOUNTS PAYABLE (continued)

   c.    Rincian umur utang usaha - pihak berelasi                 c.     The aging analysis of trade payables - related
         adalah sebagai berikut:                                          parties is as follows:

                                                 31 Desember/December 31

                                                  2023            2022

        Lancar                                    20.713.742       16.086.225                                        Current
        Telah jatuh tempo:                                                                                         Overdue:
          1 - 30 hari                              1.089.088              4.825                              1 - 30 days
          31 - 60 hari                                74.416                566                             31 - 60 days
          61 - 90 hari                                     -                  -                             61 - 90 days
          Lebih dari 90 hari                          62.772             29.312                       More than 90 days

        Total                                     21.940.018       16.120.928                                            Total


   d. Rincian utang lain-lain - pihak ketiga adalah                 d. The details of other payables - third parties are
      sebagai berikut:                                                 as follows:

                                                 31 Desember/December 31

                                                  2023            2022

        Pihak ketiga:                                                                                         Third parties:
          Rupiah                                                                                                Rupiah
             Dana promosi                        628.315.061      751.971.428                         Promotion fund
             Deposit Merchant                     42.097.386       33.752.191                       Merchant Deposit
             Credit Card                                   -        9.079.947                            Credit Card
             PT Dinamika Agung                     9.959.610          900.071                    PT Dinamika Agung
             PT Duta Karya Sukses Nusantara        8.712.252          976.172       PT Duta Karya Sukses Nusantara
             PT Primajaya Abadi Logistik           7.075.785        4.687.130            PT Primajaya Abadi Logistik
             PT Dwitunggal Abadi Permai            6.549.213        3.938.433           PT Dwitunggal Abadi Permai
             PT Microad Indonesia                  6.412.725        3.967.040                  PT Microad Indonesia
             PT XL Axiata Tbk                      4.264.221        3.706.814                       PT XL Axiata Tbk
             Yayasan Buddha Tzu Chi Indonesia      3.153.280        4.907.984     Yayasan Buddha Tzu Chi Indonesia
             PT Trans Digital Media                3.000.000        3.000.000                 PT Trans Digital Media
             PT Home Credit Indonesia              2.630.207                -             PT Home Credit Indonesia
             PT TIKI Jalur Nugraha Ekakurir        2.630.173           22.290         PT TIKI Jalur Nugraha Ekakurir
             PT Biseang Baji Dallena               2.483.673          381.181               PT Biseang Baji Dallena
             PT Sugih Berkat                       1.930.280                -                        PT Sugih Berkat
             PT Shopee International Indonesia     1.744.159        2.046.471      PT Shopee International Indonesia
             PT Bumi Media Kreasindo               1.660.299        4.396.325              PT Bumi Media Kreasindo
             PT Global Teknologi Niaga             1.499.944            1.121             PT Global Teknologi Niaga
             PT Ecart Webportal Indonesia          1.470.956                -          PT Ecart Webportal Indonesia
             PT Global Digital Niaga Tbk           1.283.910                -            PT Global Digital Niaga Tbk
             PT Kualitas Tekhnologi Asia           1.194.012           60.668            PT Kualitas Tekhnologi Asia
             PT Cube Teknologi Indonesia           1.051.823                -          PT Cube Teknologi Indonesia
             CV Sinar Logam                        1.047.978        1.977.660                        CV Sinar Logam
             PT Angkutan Utama Perkasa             1.002.446          505.183           PT Angkutan Utama Perkasa
             PT Archinet Indonesia                    22.322        1.499.498                  PT Archinet Indonesia
             PT Deloitte Konsultan Indonesia               -        8.938.000        PT Deloitte Konsultan Indonesia
             RSUD Gunung Jati Cirebon                      -        3.366.216            RSUD Gunung Jati Cirebon
             RSUD Purworejo                                -        3.099.099                       RSUD Purworejo
             PT Sinar Sakti Metalindo                      -        2.495.970               PT Sinar Sakti Metalindo
             PT Victorindo Jaya Perkasa                    -        2.091.150            PT Victorindo Jaya Perkasa
             PT Kudo Teknologi Indonesia                   -        1.183.251          PT Kudo Teknologi Indonesia
             Lain-lain (masing-masing
               di bawah Rp1miliar)               200.363.582      185.289.390          Others (below Rp1 billion each)




                                                         125
Page 470
                                                             The original consolidated financial statements included herein
                                                                                           are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                   PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                          AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                      NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                         FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                  As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                         For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                       (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                  Unless Otherwise Stated)


17. UTANG (lanjutan)                                        17. ACCOUNTS PAYABLE (continued)

   d. Rincian utang lain-lain - pihak ketiga adalah              d. The details of other payables - third parties are
      sebagai berikut: (lanjutan)                                   as follows: (continued)

                                              31 Desember/December 31

                                               2023            2022

      Pihak ketiga: (lanjutan)                                                                 Third parties: (continued)
        Dolar Amerika Serikat                                                                     United State dollar
           Blackhawk Network Pte. Ltd.,                                               Blackhawk Networl Pte. Ltd.,
              Singapore ($AS346.980)            5.349.047                 -           Singapore (US$346,980)
           Amazon Web Services, Inc                                                    Amazon Web Services, Inc
              ($AS68.036)                       1.048.839                 -                        (US$68,036)
           PT Asuransi Central Asia                                                      PT Asuransi Central Asia
              ($AS81.703)                       1.259.537                 -                        (US$81,703)
           Lain-lain (masing-masing
              di bawah Rp1miliar)                                                  Others (below Rp1 billion each)
              ($AS1.313)                          20.241                      -                      (US$1,313)
        Dolar Singapura                                                                             Singapore dollar
           Home Star Furniture Decoration                                         Home Star Furniture Decoreation
              Sdn. Bhd. ($Sin443.429)                   -        5.169.933             Sdn. Bhd. (Sin$443,429)
           Lain-lain (masing-masing
              di bawah Rp1miliar)                                                   Others (below Rp1 billion each)
              ($Sin685.966 pada tanggal                                                       (Sin$685,966 as of
              31 Desember 2023                                                               December 31, 2023
              dan $Sin584.012 pada tanggal                                                and Sin$584,012 as of
              31 Desember 2022)                 8.034.029        6.808.998                   December 31, 2022)
        Ringgit Malaysia                                                                            Malaysian Ringgit
           Peridot Capital Solution                                                         Peridot Capital Solution
              Malaysia Sdn. Bhd.              414.428.809                 -                      Malaysia Sdn. Bhd
                 (RM124.006.227)                                                                (MYR124,006,227)
           AXA Affin General Insurance                                                 AXA Affin General Insurance
              Berhad (RM 2.379.938                                                       Berhad (MYR2,379,938
              pada tanggal 31 Desember 2023                                            as of December 31, 2023
              dan RM3.552.557 pada                                                      and MYR3,552,557 as of
              31 Desember 2022)                 7.953.754       12.632.893                   December 31, 2022)
           Home Star Furniture                                                                 Home Star Furniture
              Decoration Sdn. Bhd.                                                          Decoration Sdn. Bhd.
              (RM1.892.124 pada tanggal                                                    (MYR 1,892,124 as of
              31 Desember 2023 dan                                                       December 31, 2023 and
              RM3.107.429 pada tanggal                                                       MYR3,107,429 as of
              31 Desember 2022)                 6.323.477       11.050.016                   December 31, 2022)
           Thien Sheng Packing &                                                            Thien Sheng Packing &
              Forwarding Sdn. Bhd.                                                        Forwarding Sdn. Bhd.
              (RM659.886 pada                                                              (MYR659,8846 as of
              tanggal 31 Desember 2023)         2.205.340          466.137                  December 31, 2023)
           One Fast Express Sdn. Bhd.                                                  One Fast Express Sdn. Bhd
              (RM531.101)                               -        1.888.595                        (MYR531,101)




                                                      126
Page 471
                                                             The original consolidated financial statements included herein
                                                                                           are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                   PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                          AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                      NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                         FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                  As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                         For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                       (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                  Unless Otherwise Stated)


17. UTANG (lanjutan)                                         17. ACCOUNTS PAYABLE (continued)

   d. Rincian utang lain-lain - pihak ketiga adalah              d. The details of other payables - third parties are
      sebagai berikut: (lanjutan)                                   as follows: (continued)

                                              31 Desember/December 31

                                                2023           2022

      Pihak ketiga: (lanjutan)                                                                  Third parties: (continued)
           Lain-lain (masing-masing
             di bawah Rp1 miliar)                                                   Others (below Rp1 billion each)
             (RM4.171.586 pada tanggal                                                     (MYR4,171,586 as of
             31 Desember 2023 dan                                                       December 31, 2023 and
             RM10.469.597 pada tanggal                                                     MYR10,469,597 as of
             31 Desember 2022)                 13.941.442       37.790.102                  December 31, 2022)

      Total utang lain-lain - pihak ketiga   1.402.119.812   1.114.047.357          Total other payables - third parties


       Pada tanggal 31 Desember 2023, utang lain-                       As of December 31, 2023, other payables to
       lain kepada Peridot Capital Solutions Malaysia                   Peridot Capital Solutions Malaysia Sdn. Bhd.
       Sdn. Bhd. merupakan pinjaman dari anak                           represent loans from subsidiaries to non-bank
       perusahaan kepada lembaga non-bank untuk                         institutions for working capital. The loan is
       modal kerja. Pinjaman tersebut dikenakan                         charged with interest rate equal to KLIBOR
       tingkat bunga sebesar KLIBOR 1 bulan + 3,82%                     1 month + 3,82%.
       per tahun.

       Pada tanggal 31 Desember 2023 dan 2022,                          As of December 31, 2023 and 2022, other
       utang lain-lain - kartu kredit merupakan utang                   payables - credit card represent payables to
       kepada beberapa bank sehubungan dengan                           banks in relation with credit card charges
       biaya kartu kredit yang timbul dari program                      arising from certain subsidiaries’ joint
       promosi yang dilakukan oleh entitas anak                         promotion programs with those banks.
       tertentu dengan beberapa bank tersebut.

       Pada tanggal 31 Desember 2023 dan 2022,                          As of December 31, 2023 and 2022, other
       sebagian besar utang lain-lain kepada                            payables to PT XL Axiata Tbk mainly represent
       PT XL Axiata Tbk merupakan uang muka                             advance from customer for purchase of cellular
       penjualan untuk pembelian telepon selular.                       phones.

       Pada tanggal 31 Desember 2022, utang lain-                       As of December 31, 2022, other payables to
       lain kepada Deloitte merupakan utang untuk                       Deloitte represent software implementation
       jasa implementasi software.                                      service.
       Pada tanggal 31 Desember 2023 dan 2022,                          As of December 31, 2023 and 2022, other
       utang lain-lain kepada Yayasan Buddha Tzu                        payables to Yayasan Buddha Tzu Chi
       Chi Indonesia, RSUD Gunung Jati Cirebon, dan                     Indonesia, RSUD Gunung Jati Cirebon, and
       RSUD Purworejo merupakan uang muka                               RSUD Purworejo represent advance from
       penjualan untuk pembelian alat kesehatan.                        customer for purchase of medical equipment.




                                                       127
Page 472
                                                        The original consolidated financial statements included herein
                                                                                      are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                              PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                     AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                 NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                    FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                             As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                    For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                  (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                             Unless Otherwise Stated)


18. BEBAN AKRUAL                                        18. ACCRUED EXPENSES

   Akun ini terdiri dari:                                    This account consists of:

                                        31 Desember/December 31

                                         2023             2022

   Beban bunga                           23.793.671        5.112.331                             Interest expenses
   Periklanan dan promosi                11.819.625       23.384.915                    Advertising and promotion
   Program loyalitas pelanggan            7.132.215       10.865.084                    Customer loyalty program
   Sewa                                   6.329.346        8.328.570                                         Rental
   Jasa tenaga ahli                       6.267.166       10.740.114                              Professional fees
   Komisi penjualan                       3.950.935        4.275.939                            Sales commission
   Pembelian aset tetap                   3.211.740        9.485.341                            Purchase of Asset
   Telekomunikasi, air dan listrik        2.181.370        2.121.595        Telecommunication, water and electricity
   Beban angkut                             637.801        1.349.725                                        Freight
   Lain-lain                              6.864.808        6.920.955                                        Others

   Total                                 72.188.677       82.584.569                                           Total



19. UTANG PAJAK                                           19. TAXES PAYABLE
   Utang pajak terdiri dari:                                  Taxes payable consists of:
                                        31 Desember/December 31
                                         2023             2022

   Perusahaan                                                                                         The Company
    Pajak penghasilan:                                                                              Income taxes:
      Pasal 4(2)                             52.889           48.182                                  Article 4(2)
     Pasal 21                             2.064.307        2.726.852                                   Article 21
     Pasal 23                           114.123.845       27.375.766                                   Article 23
     Pasal 26                                     -          497.090                                   Article 26
   Pajak pertambahan nilai               30.453.507                -                                Value added tax

   Subtotal                             146.694.548       30.647.890                                        Sub-total

   Entitas anak                                                                                         Subsidiaries
    Pajak penghasilan:                                                                              Income taxes:
     Pasal 4(2)                           7.369.071        8.074.849                                  Article 4(2)
     Pasal 21                             5.934.918        5.694.151                                   Article 21
     Pasal 23                             9.476.575       24.574.619                                   Article 23
     Pasal 25                            11.854.877       11.675.165                                   Article 25
     Pasal 26                               124.418        1.154.698                                   Article 26
     Pasal 29 (Catatan 31)                9.354.018       37.663.554                        Article 29 (Note 31)
      Utang pajak penghasilan                                                              Overseas income tax
         luar negeri (Catatan 31)         2.003.053        8.991.056                       payable (Note 31)
     Goods and service tax               17.626.200       12.626.770                      Goods and service tax
   Pajak pertambahan nilai               24.806.800      923.159.320                                Value added tax
   PB1                                    1.957.672        1.172.070                                             PB1

   Subtotal                              90.507.602     1.034.786.252                                       Sub-total

   Total                                237.202.150     1.065.434.142                                          Total




                                                  128
Page 473
                                                                The original consolidated financial statements included herein
                                                                                              are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                      PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                         NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                            FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                     As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                            For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                          (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                     Unless Otherwise Stated)


20. LIABILITAS IMBALAN KERJA                                   20. EMPLOYEE BENEFITS LIABILITIES
   Rincian liabilitas imbalan kerja adalah sebagai                  The details of employee benefits liabilities are as
   berikut:                                                         follows:
                                                31 Desember/December 31

                                                 2023             2022

   Liabilitas imbalan kerja jangka pendek -                                           Short-term employee benefits liability -
      gaji dan imbalan lainnya                   58.935.090       38.529.462                  salaries and other benefits
   Liabilitas imbalan kerja                                                                    Long-term employee benefits
      jangka panjang                            247.925.825      192.140.270                                    liabilities

   Total                                        306.860.915      230.669.732                                            Total


   Liabilitas imbalan kerja jangka pendek - gaji dan                Short-term employee benefits liabilities - salaries
   imbalan lainnya merupakan kewajiban sehubungan                   and other benefits is liabilities related to employees
   dengan gaji karyawan dan jamsostek.                              salaries and jamsostek.

   Pada tanggal 31 Desember 2023 dan 2022, liabilitas               As of December 31, 2023 and 2022, the employee
   imbalan kerja tersebut ditentukan berdasarkan                    benefits liabilities were determined through actuarial
   perhitungan aktuaria yang dilakukan oleh Kantor                  valuations performed by Kantor Konsultan Aktuaria
   Konsultan Aktuaria Hery Al Hariry, aktuaris                      Hery Al Hariry, an independent actuary, based on
   independen,      dalam       laporannya       dari               its reports from No. 621/HAH/III/24 until
   No. 621/HAH/III/24 sampai dengan 655/HAH/III/24                  655/HAH/III/24 dated February 27, 2024 for
   tertanggal    27     Februari     2024      untuk                December 31, 2023 and No. 199/HAH/III/23 until
   31 Desember 2023 dan No. 199/HAH/III/23 sampai                   227/HAH/III/23 dated February 22, 2023 for
   dengan 227/HAH/III/23 tertanggal 22 Februari 2023                December 31, 2022.
   untuk 31 Desember 2022.

   Liabilitas imbalan kerja tersebut dihitung dengan                The employee benefits liabilities are calculated
   menggunakan metode “Projected Unit Credit” dan                   using the “Projected Unit Credit” method and are
   asumsi - asumsi sebagai berikut:                                 based on the following assumptions:
                                                31 Desember/December 31
                                                 2023             2022

   Tingkat bunga (per tahun)                  6,25% - 7,10%    5,18% - 7,44%                      Discount rate (per annum)
   Tingkat kenaikan gaji (per tahun)                  8,00%             8,00%              Salary increase rate (per annum)
   Usia pensiun                                55 tahun/year     55 tahun/year                              Retirement age
   Tingkat kematian                                   TMI’IV            TMI’IV                                 Mortality rate

   Beban imbalan kerja yang diakui dalam laporan laba              The related expenses recognized in the
   rugi   dan     penghasilan    komprehensif     lain             consolidated statement of profit or loss and other
   konsolidasian adalah sebagai berikut:                           comprehensive income are as follows:
                                                Tahun yang Berakhir pada
                                                  Tanggal 31 Desember/
                                                Year Ended December 31

                                                 2023             2022

    Biaya jasa kini                              30.128.999       24.574.135                             Current service cost
    Beban bunga                                  13.912.789       11.715.862                                    Interest cost
    Biaya jasa lalu                                 383.097          (96.456)                               Past service cost
    Transfer out                                    (74.068)      (2.541.522)                                    Transfer out
    Dampak perubahan pola                                                                     Effect of changes in attribution
      atribusi                                             -      (28.639.576)                                     pattern

    Total                                        44.350.817         5.012.443                                           Total




                                                        129
Page 474
                                                                  The original consolidated financial statements included herein
                                                                                                are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                        PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                              FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                       As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                              For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                            (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


20. LIABILITAS IMBALAN KERJA (lanjutan)                          20. EMPLOYEE BENEFITS LIABILITIES (continued)

   Perubahan nilai kini kewajiban imbalan pasti adalah                The changes in the present value of defined benefit
   sebagai berikut:                                                   obligation are as follows:
                                                Tahun yang Berakhir pada
                                                  Tanggal 31 Desember/
                                                Year Ended December 31

                                                  2023              2022

  Nilai kini kewajiban imbalan pasti                                                           Present value of defined benefit
     pada tanggal 1 Januari                     192.140.270        188.798.320                    obligation as of January 1
  Beban imbalan kerja yang diakui                                                                 Employee benefits expenses
     pada laba rugi:                                                                             recognized in profit or loss:
      - Beban jasa kini                          30.128.999         24.574.135                         Current service cost -
     - Beban bunga                               13.912.789         11.715.862                                   Interest cost -
     - Beban jasa lalu                              383.097            (96.456)                            Past service cost -
     - Transfer out                                 (74.068)        (2.541.523)                                   Transfer out -
     - Dampak perubahan pola                                                                Effect of changes in attribution -
           atribusi                                         -       (28.639.576)                                     pattern
  Pengukuran kembali liabilitas imbalan                                                        Remeasurement of net defined
     pasti neto yang diakui pada                                                                benefit liability recognized in
     penghasilan komprehensif lain:                                                           other comprehensive income:
     - Kerugian aktuarial
        yang timbul dari perubahan                                                                 Actuarial losses due to -
        asumsi keuangan                           9.971.230          (3.595.104)        changes in financial assumptions
     - Keuntungan aktuarial
        yang timbul dari penyesuaian                                                                  Actuarial gains due to -
        atas pengalaman                           4.069.101           4.039.428                    experience adjustment
     - Dampak perubahan pola                                                                Effect of changes in attribution -
           atribusi                                        -          4.114.692                                    pattern
  Pembayaran manfaat                              (2.605.593)        (6.229.508)                                   Benefits paid

  Nilai kini kewajiban imbalan pasti                                                        Present value of defined benefit
     pada tanggal 31 Desember                   247.925.825        192.140.270              obligation as of December 31


   Pada tanggal 31 Desember 2023 dan 2022, nilai                      As of December 31, 2023 and 2022, the employee
   liabilitas imbalan kerja sama dengan nilai kini                    benefit liabilities are equal to its present value of
   kewajiban imbalan pasti.                                           defined benefit obligation.

   Analisa sensitivitas kuantitatif atas asumsi aktuarial             A quantitative sensitivity analysis for significant
   signifikan   yang menunjukkan            pengaruhnya               actuarial assumptions showing its impact to the
   terhadap nilai kewajiban imbalan pasti pada tanggal                defined      benefit      obligation    as       of
   31 Desember 2023 dan 2022 adalah sebagai                           December 31, 2023 and 2022 are as follows:
   berikut:
                                          31 Desember 2023/December 31, 2023

                                             Kenaikan 1%/       Penurunan 1%/
                                             1% Increase         1% Decrease

   Tingkat diskonto                             (21.475.433)         24.569.747                                   Discount rate
   Tingkat kenaikan gaji masa depan              24.015.515         (21.414.405)                    Future salary increase rate

                                          31 Desember 2022/December 31, 2022

                                             Kenaikan 1%/       Penurunan 1%/
                                             1% Increase         1% Decrease

   Tingkat diskonto                             (16.536.810)         18.932.442                                   Discount rate
   Tingkat kenaikan gaji masa depan              18.544.726         (16.557.729)                    Future salary increase rate



                                                         130
Page 475
                                                                                            The original consolidated financial statements included herein
                                                                                                                          are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                                                  PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                                                         AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                                                     NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                                        FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                                                 As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                                                        For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                                                      (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                                                 Unless Otherwise Stated)


20. LIABILITAS IMBALAN KERJA (lanjutan)                                                 20. EMPLOYEE BENEFITS LIABILITIES (continued)

   Perkiraan profil jatuh tempo kewajiban imbalan                                               The estimated maturity profile of the defined
   pasti pada tanggal 31 Desember 2023 dan 2022                                                 benefit plan as of December 31, 2023 and 2022 is
   adalah sebagai berikut:                                                                      as follow:
                                                        31 Desember 2023/          31 Desember 2022/
                                                        December 31, 2023          December 31, 2022


   Dalam waktu 12 bulan ke depan                               8.302.549                        5.543.884                           Within the next 12 months
   Antara 1 sampai 2 tahun                                     9.185.936                        5.688.595                                Between 1 to 2 years
   Antara 2 sampai 5 tahun                                    49.988.156                       39.866.814                                Between 2 to 5 years
   Di atas 5 tahun                                         5.120.508.243                    4.702.405.900                                      Beyond 5 years

   Rata-rata tertimbang durasi dari kewajiban imbalan                                           The weighted average duration of defined benefit
   pasti pada tanggal 31 Desember 2023 dan 2022                                                 obligation as of December 31, 2023 and 2022 are
   masing-masing berkisar antara 6,17 sampai                                                    ranging between 6.17 until 15.75 years and 7.05
   dengan 15,75 tahun dan antara 7,05 sampai                                                    until 15.36 years, respectively.
   dengan 15,36 tahun.


21. UTANG OBLIGASI                                                                          21. BONDS PAYABLE

   Rincian dari utang obligasi adalah sebagai berikut:                                          The details of bonds payable are as follows:

                                                                   31 Desember 2023/December 31, 2023

                                                            Beban Emisi
                                                              Utang
                                                            yang belum
                                                           Diamortisasi/                                Jangka          Jangka
                                      Pokok Obligasi/       Unamortized            Total/               Pendek/        Panjang/
                                      Bonds Principal     Issuance Costs           Total                Current       Non-current

    Notes Erajaya Digital Pte. Ltd.     585.581.750        (30.999.857)          554.581.893                      -   554.581.893     Notes Erajaya Digital Pte. Ltd.



   Pada tanggal 24 Agustus 2023, ERDI, entitas anak,                                             On August 24, 2023, ERDI, a subsidiary, issued
   menerbitkan Obligasi senior tanpa jaminan yang                                                Unsecured Senior Notes underwritten by the
   ditanggung oleh Credit Guarantee and Investment                                               Credit Guarantee and Investment Facility (CGIF)
   Facility (CGIF) sebesar $Sin50.000.000, dengan                                                amounting to Sin$50,000,000, with Bank of New
   Bank of New York Mellon (BNYM) cabang                                                         York Mellon (BNYM) Singapore branch in its
   singapura dalam kapasitasnya sebagai wali amanat                                              capacity as trustee which regulated in the
   yang diatur dalam Indenture. Obligasi akan jatuh                                              Indenture. The Senior Notes will mature on
   tempo pada tanggal 24 Agustus 2026, kecuali                                                   August 24, 2026, unless earlier redeemed, and
   dilunasi lebih cepat, dan dikenakan bunga 4,50%                                               bear interest of 4.50% per annum. Interest is
   per tahun. Bunga dibayarkan setiap enam bulan                                                 payable semi-annually on February 24 and
   pada tanggal 24 Februari dan 24 Agustus setiap                                                August 24 each year, commencing on
   tahunnya, dimulai pada tanggal 24 Februari 2024.                                              February 24, 2024.

   Pada tanggal 24 Agustus 2023, Perusahaan, ERDI                                                On August 24, 2023, the Company, ERDI (issuer),
   (penerbit), EH, ESS, EINS, EINM, dan VMN, para                                                EH, ESS, EINS, EINM, and VMN, the parties to
   pihak yang memiliki kewajiban obligasi “the                                                   the bond “the Obligors” and CGIF, the trust fund
   Obligors” dan CGIF, lembaga dana perwalian dari                                               institution of the Asian Development Bank signed
   Asian    Development       Bank menandatangani                                                a reimbursement and indemnity agreement
   perjanjian biaya dan ganti rugi sehubungan dengan                                             relation with the bond issuance of Sin$50,000,000
   penerbitan obligasi sebesar $Sin50.000.000                                                    at a underwriting fee rate of 1.25% per annum for
   dengan tarif biaya penanggungan sebesar 1,25%                                                 a 3-year tenor.
   pertahun untuk tenor 3 tahun.




                                                                           131
Page 476
                                                                  The original consolidated financial statements included herein
                                                                                                are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                        PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                              FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                       As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                              For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                            (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


21. UTANG OBLIGASI (LANJUTAN)                                     21. BONDS PAYABLE (CONTINUED)

   Penerimaan neto yang diperoleh dari Notes                           The net proceeds of the Notes were used by the
   digunakan oleh penerbit hanya untuk kegiatan                        Issuer solely for the relevant business.
   bisnis yang relevan.

   Notes mendapatkan peringkat AA dari S&P Global,                     The Notes were rated AA by S&P Global, Inc.
   Inc., berdasarkan rating yang dibuat pada tanggal                   based on the rating issued on August 24, 2023.
   24 Agustus 2023.

   Sehubungan dengan Notes tersebut, Penerbit dan                      In relation to the Notes, the Issuer and the obligors
   para pihak yang memiliki kewajiban obligasi                         are restricted to perform certain actions as
   dibatasi untuk melakukan hal-hal tertentu                           stipulated in the Indenture.
   sebagaimana yang ditetapkan dalam Indenture.

   Penerbit dan para pihak yang memiliki kewajiban                     The Issuer and the obligors shall maintain financial
   obligasi juga diharuskan memenuhi rasio keuangan                    ratios which will be assessed semester as follows:
   yang diuji setiap semester sebagai berikut:
   - Current Ratio atas dasar laporan keuangan                -        -    Current Ratio from consolidated financial
      konsolidasian Grup tidak kurang dari 1,00:1,00.                       statement of the Group at the minimum
                                                                            1.00:1.00.
   -   Debt Service Coverage Ratio atas dasar laporan         -        -    Debt Service Coverage Ratio from
       keuangan konsolidasian Perusahaan tidak                              consolidated financial statement of the Group
       kurang dari 1,50:1,00.                                               at the minimum 1.50:1.00.
   -   Gearing Ratio atas dasar laporan keuangan              -        -    Gearing Ratio from consolidated financial
       konsolidasian Grup tidak lebih dari 2,00:1,00.                       statement of the Group at the maximum
                                                                            2.00:1.00.
   - Consolidated Gross Debt to EBITDA ratio atas             -         -   Consolidated Gross Debt to EBITDA ratio
     dasar laporan keuangan konsolidasian Grup                              from consolidated financial statement of the
     tidak lebih dari 3,50:1,00.                                            Group at the maximum 3.50:1.00.
   - Interest Coverage Ratio : 1.50:1.00.                               -   Interest Coverage Ratio : 1.50:1.00
   - Security Coverage Ratio : tidak kurang dari                        -   Security Coverage ratio : minimum 125% of
     125% jumlah keseluruhan obligasi yang                                  aggregate outstanding amount of the bond.
     beredar.

   Pada tanggal 31 Desember 2023, Penerbit dan para                    As of December 31, 2023, the Issuer and the
   pihak yang memiliki kewajiban obligasi telah                        obligors have complied with all covenants stated in
   memenuhi semua persyaratan yang diatur dalam                        the agreements above.
   perjanjian di atas.




                                                        132
Page 477
                                                                             The original consolidated financial statements included herein
                                                                                                           are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                                   PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                                          AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                                      NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                         FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                                  As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                                         For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                                       (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                                  Unless Otherwise Stated)


22. MODAL SAHAM                                                              22. SHARE CAPITAL

   Rincian kepemilikan saham Perusahaan pada                                     The details of the Company’s share ownership as
   tanggal 31 Desember 2023 berdasarkan laporan                                  of December 31, 2023 based on the report from
   dari PT Raya Saham Registra selaku Biro                                       PT Raya Saham Registra, the Shares
   Administrasi Efek adalah sebagai berikut:                                     Administration Agency, are as follows:

                                           Total Saham
                                           Ditempatkan
                                        dan Disetor Penuh/    Persentase
                                        Number of Shares     Kepemilikan/
                                            Issued and       Percentage of              Jumlah/
   Pemegang Saham                            Fully Paid       Ownership                 Amount                                  Shareholders

   PT Eralink International                 8.694.980.200               54,51            869.498.020                  PT Eralink International
   Sintawati Halim (Direktur)                   7.500.000                0,05                750.000                Sintawati Halim (Director)
   Ardy Hady Wijaya                                                                                                         Ardy Hady Wijaya
        (Presiden Komisaris)                    6.269.800                0,04                626.980             (President Commissioner)
   Richard Halim Kusuma (Komisaris)             6.250.000                0,04                625.000   Richard Halim Kusuma (Commissioner)
   Andreas Harun Djumadi                                                                                              Andreas Harun Djumadi
        (Komisaris)                             6.250.000                0,04                625.000                       (Commissioner)
   Budiarto Halim (Presiden Direktur)           6.250.000                0,04                625.000       Budiarto Halim (President Director)
   Hasan Aula                                                                                                                     Hasan Aula
        (Wakil Presiden Direktur)               6.250.000                0,04                625.000              (Vice President Director)
   Sim Chee Ping (Direktur)                     6.250.000                0,04                625.000                 Sim Chee Ping (Director)
   Elly (Direktur)                              1.471.600                0,01                147.160                            Elly (Director)
   Djohan Sutanto (Direktur)                      800.000                0,01                 80.000                Djohan Sutanto (Director)
   Keith Ardy Hady Wijaya (Direktur)              125.000                0,01                 12.500        Keith Ardy Hady Wijaya (Director)
   Publik (masing-masing kepemilikan
        kurang dari 5%)                     7.041.088.300               44,13            704.108.830       Public (each below 5% ownership)
  Total saham beredar                      15.783.484.900               98,96          1.578.348.490                 Total outstanding shares
  Saham treasuri                              166.515.100                1,04             16.651.510                           Treasury stock
  Total saham diterbitkan                  15.950.000.000              100,00          1.595.000.000                     Total shares issued




                                                                133
Page 478
                                                                             The original consolidated financial statements included herein
                                                                                                           are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                                   PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                                          AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                                      NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                         FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                                  As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                                         For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                                       (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                                  Unless Otherwise Stated)


22. MODAL SAHAM (lanjutan)                                                   22. SHARE CAPITAL (continued)

   Rincian kepemilikan saham Perusahaan pada                                     The details of the Company’s share ownership as
   tanggal 31 Desember 2022 berdasarkan laporan                                  of December 31, 2022 based on the report from
   dari PT Raya Saham Registra selaku Biro                                       PT Raya Saham Registra, the Shares
   Administrasi Efek adalah sebagai berikut:                                     Administration Agency, are as follows:
                                           Total Saham
                                           Ditempatkan
                                        dan Disetor Penuh/    Persentase
                                        Number of Shares     Kepemilikan/
                                            Issued and       Percentage of              Jumlah/
   Pemegang Saham                            Fully Paid       Ownership                 Amount                                 Shareholders

   PT Eralink International                 8.694.980.200               54,51            869.498.020                  PT Eralink International
   Sintawati Halim (Direktur)                   7.500.000                0,05                750.000                Sintawati Halim (Director)
   Ardy Hady Wijaya                                                                                                         Ardy Hady Wijaya
    (Presiden Komisaris)                        6.269.800                0,04                626.980            (President Commissioner)
   Richard Halim Kusuma (Komisaris)             6.250.000                0,04                625.000   Richard Halim Kusuma (Commissioner)
   Budiarto Halim (Presiden Direktur)           6.250.000                0,04                625.000       Budiarto Halim (President Director)
   Hasan Aula                                                                                                                     Hasan Aula
    (Wakil Presiden Direktur)                   6.250.000                0,04                625.000              (Vice President Director)
   Sim Chee Ping (Direktur)                     6.250.000                0,04                625.000                 Sim Chee Ping (Director)
   Djohan Sutanto (Direktur)                      800.000                0,01                 80.000                Djohan Sutanto (Director)
   Publik (masing-masing kepemilikan
    kurang dari 5%)                         7.048.934.900               44,19            704.893.490       Public (each below 5% ownership)
   Total saham beredar                     15.783.484.900               98,96          1.578.348.490                 Total outstanding shares
   Saham treasuri                             166.515.100                1,04             16.651.510                           Treasury stock
   Total saham diterbitkan                 15.950.000.000              100,00          1.595.000.000                    Total shares issued



   Sampai dengan 31 Desember 2023, Perusahaan                                    Until December 31, 2023, the Company
   telah melakukan pembelian saham sebanyak                                      repurchased its shares for 166,515,100 shares at
   166.515.100 saham dengan harga perolehan                                      a total cost of Rp63,804,128.
   sebesar Rp63.804.128.




                                                                134
Page 479
                                                             The original consolidated financial statements included herein
                                                                                           are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                   PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                          AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                      NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                         FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                  As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                         For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                       (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                  Unless Otherwise Stated)


23. TAMBAHAN MODAL DISETOR - NETO                            23. ADDITIONAL PAID-IN CAPITAL - NET

   Rincian akun adalah sebagai berikut:                          The details of this account are as follows:

                                              31 Desember/December 31

                                               2023            2022

  Agio saham                                                                                                Share premium
    Selisih lebih setoran modal atas                                                           Excess of paid-in capital
        nilai nominal                         620.660.000      620.660.000                            over par value
    Biaya sehubungan penawaran umum                                                           Costs related to the initial
        perdana saham                         (42.097.077)     (42.097.077)                            public offering
  Selisih nilai transaksi dengan entitas                                         Difference in value from transaction with
    sepengendali                               13.144.127       13.148.577              entities under common control
  Pengampunan pajak                             6.672.102        6.672.102                                     Tax amnesty

  Total                                       598.379.152      598.383.602                                          Total


   Selisih nilai transaksi dengan entitas sepengendali           Difference in value of transaction with entities under
   merupakan selisih antara jumlah imbalan yang                  common control represents the difference between
   dialihkan dan nilai buku aset neto yang diperoleh             the consideration paid and book value of net assets
   dari transaksi restrukturisasi yang melibatkan                acquired from restructuring transactions of several
   beberapa entitas anak, yang terjadi antara tahun              subsidiaries, which occurred between 2010 to 2012
   2010 sampai dengan 2012 dan antara tahun 2021                 and between 2021 to 2023.
   sampai dengan 2023.

   PT Erafone Artha Retailindo, PT Multi Media Selular,          PT Erafone Artha Retailindo, PT Multi Media
   PT Data Citra Mandiri, PT Erafone Dotcom,                     Selular, PT Data Citra Mandiri, PT Erafone Dotcom,
   PT Prakarsa Prima Sentosa, PT Data Media                      PT Prakarsa Prima Sentosa, PT Data Media
   Telekomunikasi, PT Era Sukses Abadi, PT Azec                  Telekomunikasi, PT Era Sukses Abadi, PT Azec
   Indonesia Management Services, dan PT Nusa                    Indonesia Management Services, and PT Nusa
   Gemilang Abadi, entitas anak, mengikuti program               Gemilang Abadi, subsidiaries, participate in tax
   pengampunan pajak dengan melaporkan aset                      amnesty program by reporting assets in the form of
   berupa logam mulia dan aset tetap dengan jumlah               gold bullions and fixed assets with amount of
   sebesar Rp6.760.392. Entitas anak telah menerima              Rp6,760,392. The subsidiaries has received
   Surat Keterangan dari Direktorat Jenderal Pajak               Statement Letter from Directorate of General Taxes
   pada berbagai tanggal pada tahun 2016.                        on various dates in 2016.


24. DIVIDEN DAN CADANGAN UMUM                                24. DIVIDENDS AND GENERAL RESERVES

   Berdasarkan Pernyataan Keputusan Rapat Umum                  Based on the Statement of Shareholders’ Annual
   Pemegang Saham Tahunan yang diaktakan dengan                 General Meeting Decision which was notarized by
   Akta Notaris R. M. Dendy Soebangil, S.H., M.Kn.,             Notarial      Deed          No.        22          of
   No. 22 tertanggal 30 Juni 2023, para pemegang                R. M. Dendy Soebangil, S.H., M.Kn., dated on
   saham    Perusahaan     menyetujui   penetapan               June 30, 2023, the Company’s shareholders
   penggunaan laba tahun buku 2022 sebagai berikut:             approved the appropriation of 2022 profit as follows:

    •     Sebesar Rp299.886.213 atau sebesar Rp19                •    Rp299,886,213 or Rp19 (full amount) per share
          (angka penuh) per saham akan dibagikan                      will be distributed as dividend to shareholders;
          sebagai dividen kepada pemegang saham;                      and
          dan

    •     Sebesar Rp1.000.000 akan dibukukan sebagai              •     Rp1,000,000 will be recorded as general
          cadangan umum.                                                reserves.




                                                       135
Page 480
                                                             The original consolidated financial statements included herein
                                                                                           are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                   PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                          AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                      NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                         FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                  As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                         For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                       (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                  Unless Otherwise Stated)


24. DIVIDEN DAN CADANGAN UMUM (lanjutan)                    24. DIVIDENDS         AND      GENERAL         RESERVES
                                                                (continued)

   Berdasarkan Pernyataan Keputusan Rapat Umum                   Based on the Statement of Extraordinary
   Pemegang Saham Luar Biasa yang diaktakan                      Shareholders’ General Meeting Decision which
   dengan Akta Notaris R. M. Dendy Soebangil, S.H.,              was notarized by Notarial Deed No. 3 of R. M.
   M.Kn., No. 3 tertanggal 4 Juli 2022, para pemegang            Dendy Soebangil, S.H., M.Kn., dated on July 4,
   saham     Perusahaan       menyetujui     penetapan           2022, the Company’s shareholders approved the
   penggunaan laba tahun buku 2021 sebagai berikut:              appropriation of 2021 profit as follows:

    •   Sebesar Rp362.484.877 atau sebesar Rp22,8                 •     Rp362,484,877 or Rp22.8 (full amount) per
        (angka penuh) per saham akan dibagikan                          share will be distributed as dividend to
        sebagai dividen kepada pemegang saham; dan                      shareholders; and

    •   Sebesar Rp1.000.000 akan dibukukan sebagai                •     Rp1,000,000 will be recorded as general
        cadangan umum.                                                  reserves.


25. PENJUALAN NETO                                          25. NET SALES

   Rincian penjualan neto adalah sebagai berikut:                The details of net sales are as follows:
                                             Tahun yang Berakhir pada
                                               Tanggal 31 Desember/
                                             Year Ended December 31

                                              2023             2022

   Telepon selular dan tablet             47.913.750.778    38.669.609.544                     Cellular phones and tablet
   Produk operator                         2.911.414.826     2.837.546.388                               Operator product
   Komputer dan
       peralatan elektronik lainnya        2.370.824.274     2.159.559.310         Computer and other electronic devices
   Aksesoris dan lain-lain                 6.943.415.797     5.804.768.641                      Accessories and others

   Total                                  60.139.405.675    49.471.483.883                                          Total



   Rincian penjualan kepada pihak-pihak berelasi                 The details of sales to related parties are disclosed
   diungkapkan lebih lanjut pada Catatan 33.                     further in Note 33.

   Tidak ada penjualan kepada pelanggan dengan                   There is no sales to customers with annual
   total penjualan kumulatif individual yang melebihi            cumulative individual amounts of sales exceeding
   10% dari penjualan neto konsolidasian.                        10% of consolidated net sales.




                                                     136
Page 481
                                                                  The original consolidated financial statements included herein
                                                                                                are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                        PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                              FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                       As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                              For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                            (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


26. BEBAN POKOK PENJUALAN                                        26. COST OF GOODS SOLD

   Rincian beban pokok penjualan adalah sebagai                       The details of cost of goods sold are as follows:
   berikut:

                                                Tahun yang Berakhir pada
                                                  Tanggal 31 Desember/
                                                Year Ended December 31
                                                 2023               2022

   Saldo awal persediaan                      6.291.845.440      4.126.145.457                Beginning balance of inventories
   Pembelian neto                            55.758.570.251     46.275.640.311                                 Net purchases

   Persediaan yang tersedia untuk dijual     62.050.415.691     50.401.785.768                    Inventories available for sale
   Saldo akhir persediaan                    (8.358.779.186)    (6.291.845.440)                  Ending balance of inventories

   Total                                     53.691.636.505     44.109.940.328                                            Total


   Rincian pemasok dengan total pembelian kumulatif                   The details of suppliers from which annual
   individual tahunan yang melebihi 10% dari                          cumulative individual amounts of purchases
   penjualan neto konsolidasian adalah sebagai                        exceeding 10% of consolidated net sales are as
   berikut:                                                           follows:
                                                Tahun yang Berakhir pada
                                                  Tanggal 31 Desember/
                                                Year Ended December 31

                                                 2023               2022

   Apple South Asia Pte. Ltd., Singapura     24.644.140.057     13.664.581.564          Apple South Asia Pte. Ltd., Singapore
   PT Samsung Electronics Indonesia           9.510.269.602      7.849.689.702            PT Samsung Electronics Indonesia
   PT Xiaomi Technology Indonesia             4.416.543.854      5.018.743.835              PT Xiaomi Technology Indonesia

    Total                                     38.570.953.513    26.533.015.101                                            Total


                                             Persentase dari Penjualan Neto
                                                     Konsolidasian/
                                           Percentage to Consolidated Net Sales

                                                Tahun yang Berakhir pada
                                                  Tanggal 31 Desember/
                                                Year Ended December 31

                                                 2023               2022

   Apple South Asia Pte. Ltd., Singapura            41,00%              27,62%          Apple South Asia Pte. Ltd., Singapore
   PT Samsung Electronics Indonesia                 15,82%              15,86%            PT Samsung Electronics Indonesia
   PT Xiaomi Technology Indonesia                    7,35%              10,14%              PT Xiaomi Technology Indonesia

    Total                                           64,17%              53,62%                                            Total


   Grup memperoleh berbagai macam potongan                            The Group obtained various type of purchase
   pembelian dimana total potongan pembelian                          discounts determined by the suppliers.
   tersebut ditentukan oleh pemasok.




                                                        137
Page 482
                                                                The original consolidated financial statements included herein
                                                                                              are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                      PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                         NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                            FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                     As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                            For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                          (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                     Unless Otherwise Stated)


27. BEBAN PENJUALAN DAN DISTRIBUSI                             27. SELLING AND DISTRIBUTION EXPENSES

   Rincian beban penjualan dan distribusi adalah                    The details of selling and distributions expenses
   sebagai berikut:                                                 are as follows:
                                                Tahun yang Berakhir pada
                                                  Tanggal 31 Desember/
                                                Year Ended December 31
                                                2023              2022
   Gaji                                        788.754.832       549.692.955                                     Salaries
   Depresiasi - aset hak-guna (Catatan 15)     544.117.157       405.064.391 Depreciation - Right-of-Use Assets (Note 15)
   Program penjualan melalui kartu kredit      479.351.154       377.275.051           Sales program through credit card
   Periklanan dan promosi                      378.699.848       443.309.605                   Advertising and promotion
   Sewa dan service charge                     186.652.173       206.505.778                  Rental and service charges
   Distribusi                                  131.323.360        83.504.632                                  Distribution
   Komisi penjualan                            126.671.141        82.573.200                           Sales commission
   Lain-lain (masing-masing
      di bawah Rp10 miliar)                     34.168.014        36.164.346                Others (below Rp10 billion each)
   Total                                      2.669.737.679     2.184.089.958                                          Total



28. BEBAN UMUM DAN ADMINISTRASI                                28. GENERAL AND ADMINISTRATIVE EXPENSES

   Rincian beban umum dan administrasi adalah                      The details of general and administrative expenses
   sebagai berikut:                                                are as follows:

                                                Tahun yang Berakhir pada
                                                  Tanggal 31 Desember/
                                                Year Ended December 31

                                                2023              2022

   Gaji dan imbalan kerja                     1.223.161.902      963.088.764               Salaries and employee benefits
   Penyusutan (Catatan 13)                      316.320.827      191.415.525                        Depreciation (Note 13)
   Telekomunikasi, air dan listrik              134.974.400       86.623.232        Telecommunication, water and electricity
   Jasa tenaga ahli                              86.867.376       74.859.114                              Professional fee
   Penyisihan keusangan                                                                        Provision for obsolescence
      dan penurunan nilai                                                                       and decline in value of
      persediaan - neto (Catatan 7)             84.999.980        32.642.476                 inventories - net (Note 7)
   Peralatan kantor, cetakan
      dan fotokopi                              62.398.455        41.784.296        Office supplies, printing, and photocopy
   Amortisasi aset takberwujud (Catatan 14)     50.151.263        48.854.596      Amortization of intangible assets (Note 14)
   Perbaikan dan pemeliharaan                   46.767.953        36.045.767                        Repairs and maintenance
   Transportasi                                 32.157.770        23.417.381                                   Transportation
   Perijinan                                    15.915.764        14.369.293                                         Licences
   Beban pajak                                  25.131.936        17.484.597                                    Tax expenses
   Sewa dan service charge                      13.457.924        13.565.915                       Rental and service charge
   Asuransi                                     10.627.397         6.922.172                                        Insurance
   Penghapusan piutang                           2.269.264        17.778.721                             Receivable write-off
   Pembalikan penurunan nilai                                                                       Reversal of impairment of
      piutang usaha - neto (Catatan 5)          (28.907.652)      (21.596.348)           trade receivables - net (Note 5)
   Lain-lain (masing-masing
      di bawah Rp10 miliar)                     76.840.550        39.420.308                Others (below Rp10 billion each)

   Total                                      2.153.135.109     1.586.675.809                                          Total




                                                       138
Page 483
                                                             The original consolidated financial statements included herein
                                                                                           are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                   PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                          AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                      NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                         FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                  As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                         For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                       (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                  Unless Otherwise Stated)


29. PENDAPATAN LAINNYA                                      29. OTHER INCOME

   Rincian pendapatan lainnya adalah sebagai berikut:           The details of other income are as follows:

                                             Tahun yang Berakhir pada
                                               Tanggal 31 Desember/
                                             Year Ended December 31

                                              2023             2022

   Dukungan promosi                         146.353.959       129.100.120                             Promotion support
   Pendapatan sewa                           34.365.762        49.468.788                                  Rental income
   Pendapatan komisi                         25.141.213        24.193.951                          Commissions income
   Keuntungan selisih kurs - neto            15.118.703        28.759.921                    Gain on exchange rate - net
   Penghapusan liabilitas sewa                7.617.257                 -                        Write-off lease liabilites
   Keuntungan penjualan
      aset tetap (Catatan 13)                          -          300.067           Gain on sale of fixed assets (Note 13)
   Lain-lain                                  64.604.735       57.859.349                                          Others

   Total                                    293.201.629       289.682.196                                             Total



30. BIAYA KEUANGAN                                          30. FINANCE COSTS

   Rincian biaya keuangan adalah sebagai berikut:                The details of finance costs are as follows:

                                             Tahun yang Berakhir pada
                                               Tanggal 31 Desember/
                                             Year Ended December 31

                                              2023             2022

   Beban bunga                              509.016.347       222.353.174                                Interest expense
   Beban bunga - liabilitas sewa             68.307.183        50.617.473               Interest expense - lease liabilities
   Provisi utang bank                        23.784.569        16.698.289                         Provision of bank loans

   Total                                    601.108.099       289.668.936                                             Total



31. PERPAJAKAN                                              31. TAXATION

   Beban pajak penghasilan Grup adalah sebagai                   The Group’s income tax expense is as follows:
   berikut:
                                             Tahun yang Berakhir pada
                                               Tanggal 31 Desember/
                                             Year Ended December 31
                                              2023             2022

    Beban pajak penghasilan - kini                                                          Income tax expense - current
      Perusahaan                            (109.385.561)      (23.211.500)                               Company
      Entitas anak                          (332.461.781)     (410.218.332)                             Subsidiaries

    Beban pajak penghasilan                                                                    Consolidated income tax
      konsolidasian - kini                  (441.847.342)     (433.429.832)                       expense - current




                                                     139
Page 484
                                                              The original consolidated financial statements included herein
                                                                                            are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                    PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                           AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                       NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                          FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                   As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                          For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                        (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                   Unless Otherwise Stated)


31. PERPAJAKAN (lanjutan)                                    31. TAXATION (continued)

   Beban pajak penghasilan Grup adalah sebagai                    The Group’s income tax expense is as follows:
   berikut: (lanjutan)                                            (continued)
                                              Tahun yang Berakhir pada
                                                Tanggal 31 Desember/
                                              Year Ended December 31
                                              2023              2022

    Manfaat pajak penghasilan - tangguhan                                                     Income tax benefit - deferred
     Perusahaan                                3.043.735           395.207                                  Company
     Entitas anak                             53.849.743        12.250.402                                Subsidiaries

    Manfaat pajak penghasilan                                                                   Consolidated income tax
     konsolidasian - tangguhan                56.893.478        12.645.609                         benefit - deferred

    Beban pajak penghasilan - neto                                                               Income tax expense - net
      Perusahaan                             (106.341.825)      (22.816.293)                                Company
      Entitas anak                           (278.612.039)     (397.967.930)                              Subsidiaries

    Beban pajak penghasilan                                                                     Consolidated income tax
      konsolidasian - neto                   (384.953.864)     (420.784.223)                           expense - net


   Rekonsiliasi  antara    laba    sebelum    pajak               The reconciliation between profit before income tax
   penghasilan seperti yang disajikan dalam laporan               as shown in the consolidated statement of profit or
   laba rugi dan penghasilan komprehensif lain                    loss and other comprehensive income with taxable
   konsolidasian dengan penghasilan kena pajak                    income for the years ended December 31, 2023
   untuk tahun yang berakhir pada tanggal-tanggal                 and 2022 is as follows:
   31 Desember 2023 dan 2022 adalah sebagai
   berikut:
                                              Tahun yang Berakhir pada
                                                Tanggal 31 Desember/
                                              Year Ended December 31

                                              2023              2022

  Laba sebelum pajak
     penghasilan menurut                                                                       Profit before income tax per
     laporan laba rugi dan penghasilan                                          consolidated statement of profit or loss
     komprehensif lain konsolidasian        1.241.814.624     1.497.339.515         and other comprehensive income
  Ditambah:                                                                                                             Add:
     Penyesuaian dan eliminasi                                                              Consolidation adjustment and
        konsolidasi                          124.862.133        39.088.416                                    elimination

  Dikurangi:                                                                                                       Deduct:
    Laba entitas anak yang
       dikonsolidasi sebelum                                                                   Profit before income tax of
       pajak penghasilan                     (818.566.123)   (1.439.722.286)                 consolidated subsidiaries

  Laba sebelum beban pajak
    penghasilan diatribusikan                                                            Profit before income tax expense
    kepada Perusahaan                        548.110.634        96.705.645                attributable to the Company




                                                      140
Page 485
                                                            The original consolidated financial statements included herein
                                                                                          are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                  PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                         AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                     NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                        FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                 As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                        For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                      (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                 Unless Otherwise Stated)


31. PERPAJAKAN (lanjutan)                                   31. TAXATION (continued)

   Rekonsiliasi     antara laba    sebelum    pajak             The reconciliation between profit before income tax
   penghasilan seperti yang disajikan dalam laporan             as shown in the consolidated statement of profit or
   laba rugi dan penghasilan komprehensif lain                  loss and other comprehensive income with taxable
   konsolidasian dengan penghasilan kena pajak                  income for the years ended December 31, 2023
   untuk tahun yang berakhir pada tanggal-tanggal               and 2022 are as follows: (continued)
   31 Desember 2023 dan 2022 adalah sebagai
   berikut: (lanjutan)

                                            Tahun yang Berakhir pada
                                              Tanggal 31 Desember/
                                            Year Ended December 31

                                            2023              2022

   Beda temporer:                                                                                Temporary differences:
     Penyisihan imbalan kerja karyawan       8.332.114          6.400.457           Provision for employee benefits
     Akrual kompensasi PKWT                    828.200           (428.758)             PKWT compensation accrual
      Penyisihan keusangan                                                              Provision for obsolescence
         dan penurunan nilai persediaan         43.645                  -     and decline in value of inventories
     Penyusutan                                 (3.196)        (3.891.660)                               Depreciation
   Beda permanen:                                                                                Permanent differences:
     Beban pajak                            11.572.343            514.313                               Tax expense
     Tunjangan dan kesejahteraan
       karyawan                              4.184.202          5.359.843               Employees‘ benefits in kind
     Representasi dan jamuan                 1.618.490          1.477.624        Representations and entertainment
     Sumbangan                                 605.860            532.433                                 Donations
     Promosi                                   123.245                  -                                 Promotion
     Penghapusan piutang usaha                       -                157             Write-off of trade receivables
     Pendapatan yang dikenakan
       pajak penghasilan final:                                                        Income subjected to final tax:
       Bunga                                 (1.687.537)         (128.154)                                Interest
       Sewa                                  (1.578.739)       (1.413.550)                                   Rent

   Taksiran penghasilan kena pajak         572.149.261       105.128.350                                Taxable income


   Rincian beban pajak penghasilan untuk tahun yang             The details of the income tax expense for the
   berakhir pada tanggal-tanggal 31 Desember 2023               years ended December 31, 2023 and 2022 are as
   dan 2022 adalah sebagai berikut:                             follows:

                                            Tahun yang Berakhir pada
                                              Tanggal 31 Desember/
                                            Year Ended December 31

                                            2023              2022

   Taksiran penghasilan kena pajak                                                                       Taxable income
     Perusahaan                            572.149.261       105.128.350                                     Company
     Entitas anak                                                                                        Subsidiaries
        Tidak mendapatkan fasilitas                                                       Not subjected to tax rate
           pengurangan tarif pajak:                                                         reduction facility:
             - 17%                           12.918.644           395.961                          17% -
             - 22%                        1.394.052.698     1.411.456.956                          22% -
             - 24%                           92.943.387       390.735.964                          24% -




                                                      141
Page 486
                                                             The original consolidated financial statements included herein
                                                                                           are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                   PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                          AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                      NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                         FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                  As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                         For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                       (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                  Unless Otherwise Stated)


31. PERPAJAKAN (lanjutan)                                   31. TAXATION (continued)
   Rincian beban pajak penghasilan untuk tahun yang              The details of the income tax expense for the years
   berakhir pada tanggal-tanggal 31 Desember 2023                ended December 31, 2023 and 2022 are as
   dan 2022 adalah sebagai berikut: (lanjutan)                   follows: (continued)
                                             Tahun yang Berakhir pada
                                               Tanggal 31 Desember/
                                             Year Ended December 31
                                             2023              2022
   Beban pajak penghasilan - kini                                                           Income tax expense - current
    Perusahaan                                                                                            Company
        Beban pajak penghasilan -
            tahun berjalan                  (108.708.359)      (19.974.386)         Income tax expense - current
        Beban pajak atas koreksi pajak                                               Tax expense from corporate
            penghasilan badan                                                           income tax correction
            tahun sebelumnya                    (677.201)       (3.237.114)            for previous fiscal year
    Entitas anak                                                                                           Subsidiaries
        Tidak mendapatkan fasilitas                                                      Not subjected to tax rate
            pengurangan tarif pajak:                                                         reduction facility:
               - 17%                          (2.196.169)          (67.313)                           17% -
               - 22%                        (306.691.595)     (310.520.285)                           22% -
               - 24%                         (22.303.800)      (93.776.632)                           24% -
        Pajak penghasilan badan final                              (51.341)            Final corporate income tax
        Beban pajak atas koreksi pajak                                               Tax expense from corporate
            penghasilan badan tahun                                                     income tax correction
            sebelumnya                        (1.270.218)       (5.802.761)            for previous fiscal year
  Beban pajak penghasilan                                                           Consolidated income tax expense -
    konsolidasian - kini                    (441.847.342)     (433.429.832)                                current

  Manfaat pajak penghasilan -
    tangguhan                                                                               Income tax benefit - deferred
    Perusahaan                                                                                               Company
       Penyisihan keusangan                                                              Provision for obsolescence
          dan penurunan nilai persediaan           8.293                 -     and decline in value of inventories
       Penyisihan imbalan kerja                1.583.102         1.216.086          Provision for employee benefits
       Penyusutan                                   (607)         (739.415)                             Depreciation
       Akrual kompensasi PKWT                    157.358           (81.464)           PKWT compensation accrual
       Penyesuaian pajak tangguhan             1.295.590                 -                  Deferred tax adjustment
    Subtotal                                   3.043.736           395.207                                    Sub-total
    Entitas anak                                                                                           Subsidiaries
      Penyisihan keusangan                                                               Provision for obsolescence
           dan penurunan nilai persediaan    15.142.839          6.254.483     and decline in value of inventories
      Aset hak-guna                             448.549          2.489.438                      Right-of-used assets
      Penyusutan                             (2.136.839)           182.700                               Depreciation
      Pembalikan penurunan                                                                               Reversal for
           nilai piutang usaha                (6.405.341)       (4.885.705)      impairment of trade receivables
      Penyisihan (pembalikan)                                                                Provision (reversal) for
          imbalan kerja                       7.340.691        (1.667.293)                     employee benefits
      Akrual kompensasi PKWT                  2.027.164        (1.097.408)            PKWT compensation accrual
      Lain-lain                                (911.521)         (736.028)                                    Others
      Kompensasi rugi fiskal                 38.743.384        11.710.215             Lower cash tax carry forward
      Penyesuaian pajak tangguhan              (399.183)                -                   Deferred tax adjustment
    Subtotal                                 53.849.743        12.250.402                                     Sub-total
  Manfaat pajak penghasilan                                                          Consolidated income tax benefit -
    konsolidasian - tangguhan                56.893.479        12.645.609                                 deferred




                                                    142
Page 487
                                                                The original consolidated financial statements included herein
                                                                                              are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                      PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                         NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                            FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                     As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                            For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                          (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                     Unless Otherwise Stated)


31. PERPAJAKAN (lanjutan)                                      31. TAXATION (continued)
   Rincian beban pajak penghasilan untuk tahun yang                 The details of the income tax expense for the years
   berakhir pada tanggal-tanggal 31 Desember 2023                   ended December 31, 2023 and 2022 are as
   dan 2022 adalah sebagai berikut: (lanjutan)                      follows: (continued)
                                                Tahun yang Berakhir pada
                                                  Tanggal 31 Desember/
                                                Year Ended December 31
                                                2023              2022
    Manfaat (beban) pajak penghasilan                                                               Consolidated income tax
     konsolidasian                                                                                     benefit (expense)
     Kini                                      (441.847.342)     (433.429.832)                                    Current
     Tangguhan                                   56.893.478        12.645.609                                   Deferred
    Beban pajak penghasilan                                                                       Consolidated income tax
      konsolidasian - neto                     (384.953.864)     (420.784.223)                           expense - net

   Rekonsiliasi    antara    manfaat/beban    pajak                 The reconciliation between income tax
   penghasilan yang dihitung dengan menggunakan                     benefit/expense, calculated by applying the
   tarif pajak yang berlaku atas laba sebelum pajak                 applicable tax rate to the profit before income tax
   penghasilan dan manfaat/beban pajak penghasilan                  and income tax benefit/expense as shown in the
   seperti disajikan dalam laporan laba rugi dan                    consolidated statement of profit or loss and other
   penghasilan komprehensif lain konsolidasian                      comprehensive income is as follows:
   adalah sebagai berikut:
                                                Tahun yang Berakhir pada
                                                  Tanggal 31 Desember/
                                                Year Ended December 31
                                                2023              2022
  Laba sebelum pajak
    penghasilan menurut                                                                          Profit before income tax per
    laporan laba rugi dan penghasilan                                             consolidated statement of profit or loss
    komprehensif konsolidasian                1.241.814.624     1.497.339.515         and other comprehensive income
  Beban pajak penghasilan dengan                                                           Income tax expense at applicable
    tarif pajak yang berlaku                   (273.146.791)     (329.414.693)                                 tax rate
                                                                                                   Tax loss carrying forward
  Kompensasi rugi fiskal tahun sebelumnya         3.256.267         1.283.336                   from previous fiscal year
  Penyesuaian dan eliminasi                                                                    Consolidation adjustment and
     konsolidasi                                27.469.669          8.599.452                                  elimination
  Penyesuaian pajak tangguhan                      896.408                  -                       Deferred tax adjustment
  Dampak pengurangan tarif pajak                16.443.319          2.901.169                     Effect of tax rate reduction
  Beban yang tidak dapat dikurangkan
     untuk tujuan pajak                         (86.393.066)      (87.788.684)                     Non-deductible expenses
  Rugi fiskal tahun berjalan - entitas anak     (82.035.694)      (20.635.181)               Current fiscal loss - subsidiaries
  Pajak penghasilan badan
    final - entitas anak                                  -           (51.341)        Final corporate income tax - subsidiary
  Pendapatan yang dikenakan
     pajak penghasilan final:                                                                    Income subject to final tax:
          Sewa                                    5.545.419       12.315.534                                     Rent
          Bunga                                   3.094.506          759.506                                 Interest
          Lain-lain                               1.863.518          286.555                                  Others
  Beban pajak atas koreksi pajak                                                     Tax expense from corporate income tax
     penghasilan badan tahun sebelumnya          (1.947.419)       (9.039.876)         correction for previous fiscal year
  Beban pajak penghasilan                                                                         Consolidated income tax
    konsolidasian - neto                       (384.953.864)     (420.784.223)                           expense - net




                                                       143
Page 488
                                                              The original consolidated financial statements included herein
                                                                                            are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                    PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                           AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                       NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                          FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                   As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                          For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                        (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                   Unless Otherwise Stated)


31. PERPAJAKAN (lanjutan)                                    31. TAXATION (continued)

   Perhitungan utang pajak penghasilan (taksiran                  The computation of income tax payable
   tagihan pajak penghasilan) adalah sebagai berikut:             (estimated claims for tax refund) is as follows:
                                              Tahun yang Berakhir pada
                                                Tanggal 31 Desember/
                                              Year Ended December 31

                                              2023              2022

  Beban pajak penghasilan - kini                                                             Income tax expense - current
    Perusahaan                               (108.708.359)      (19.974.386)                                Company
    Entitas anak                             (331.191.563)     (404.364.230)                              Subsidiaries

  Beban pajak penghasilan                                                              Consolidated income tax expense -
    konsolidasian - kini                     (439.899.922)     (424.338.616)                                   current

  Pembayaran pajak penghasilan di muka:                                                     Prepayments of income taxes:
    Perusahaan                                  1.386.189     1.213.664.883                                  Company
    Entitas anak                                  826.553       421.315.118                              Subsidiaries

  Pembayaran pajak penghasilan                                                               Consolidated prepayments of
    di muka konsolidasian                       2.212.742     1.634.980.001                               income taxes

  Utang pajak penghasilan                                                                            Income tax payable
    Perusahaan                                          -                  -                                Company
    Entitas anak                                                                                         Subsidiaries
      Utang pajak penghasilan Pasal 29          9.354.018       37.663.554             Income tax payable Article 29
      Utang pajak penghasilan luar negeri       2.003.053        8.991.056             Overseas income tax payable

  Utang pajak penghasilan
    konsolidasian                             11.357.071        46.654.610                    Consolidated tax payables

  Taksiran tagihan pajak penghasilan                                                       Estimated claims for tax refund
    Perusahaan                              1.277.480.963     1.193.690.497                                  Company
    Entitas anak                              628.684.226        85.840.645                               Subsidiaries
    Entitas anak - luar negeri                 28.902.965         3.636.426                      Subsidiary - overseas

  Taksiran tagihan pajak                                                                 Consolidated estimated claims
    penghasilan konsolidasian               1.935.068.154     1.283.167.568                            for tax refund


   Pada tanggal 29 Oktober 2021, Presiden Republik                On October 29, 2021, the President of the
   Indonesia menandatangani UU No.7/2021 tentang                  Republic of Indonesia signed UU No.7/ 2021
   “Harmonisasi Peraturan Perpajakan”, yang                       regarding “Harmonization of Tax Regulation”,
   mengatur penyesuaian tarif pajak penghasilan                   which regulates the adjustment of corporate
   badan sebagai berikut:                                         income tax rate as follows:

   a.   Sebesar 22% yang mulai berlaku pada Tahun                 a. 22% effective starting Fiscal Year 2022.
        Pajak 2022.
   b.   Perusahaan Terbuka dalam negeri dengan                    b. Resident    publicly-listed    companies      in
        jumlah keseluruhan saham yang disetor                        Indonesia whose at least 40% or more of the
        diperdagangkan pada bursa efek di Indonesia                  total paid-up shares or other equity
        paling sedikit 40% dan memenuhi persyaratan                  instruments are listed for trading in the
        tertentu sesuai dengan peraturan pemerintah,                 Indonesia stock exchanges and meet certain
        dapat memperoleh tarif sebesar 3% lebih                      requirements in accordance with the
        rendah dari tarif pada butir a di atas.                      government regulations, can earn a tariff of
                                                                     3% lower than tariff as stated in point a above.




                                                     144
Page 489
                                                           The original consolidated financial statements included herein
                                                                                         are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                 PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                        AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                    NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                       FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                       For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                     (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                Unless Otherwise Stated)


31. PERPAJAKAN (lanjutan)                                  31. TAXATION (continued)

   Pada tanggal 5 Januari 2024 dan 4 Januari 2023,             On January 5, 2024 and January 4, 2023, the
   Perusahaan telah memperoleh surat keterangan                Company had receive certificate from Securities
   dari Biro Administrasi Efek atas pemenuhan                  Administration Agency related to fulfillment of
   kriteria-kriteria kepemilikan saham menurut                 criteria for ownership of shares according to PP
   PP No. 56/2015 tentang “Penurunan Tarif Pajak               No. 56/2015 about “The Decrease in Income Tax
   Penghasilan Bagi Wajib Pajak Badan Dalam Negeri             Rates for Corporate Taxpayer in the Form of
   yang Berbentuk Perseroan Terbuka”. Oleh karena              Publicly Listed Company”. Therefore, the
   itu, Perusahaan telah menerapkan penurunan tarif            Company has applied the reduction on tax rate on
   pajak dalam perhitungan pajak penghasilan tahun             the calculation of income taxes for the year 2023
   2023 dan 2022.                                              and 2022.

   Rincian taksiran tagihan pajak penghasilan adalah           The details of estimated claims for tax refund are
   sebagai berikut:                                            as follows:
                                            31 Desember/December 31

                                             2023            2022

    Perusahaan                                                                                                Company
      2023                                 1.277.480.963               -                                       2023
      2022                                             -   1.193.690.497                                       2022

    Total                                  1.277.480.963   1.193.690.497                                           Total

    Entitas anak                                                                                           Subsidiaries
      2023                                  595.473.976                -                                      2023
      2022                                   62.113.215       63.605.498                                      2022
      2021                                            -       22.495.555                                      2021
      2020                                            -        3.376.018                                      2020

    Total                                   657.587.191       89.477.071                                           Total

    Taksiran tagihan pajak                                                            Consolidated estimated claims
      penghasilan konsolidasian            1.935.068.154   1.283.167.568                           for tax refund




                                                    145
Page 490
                                                            The original consolidated financial statements included herein
                                                                                          are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                  PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                         AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                     NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                        FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                 As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                        For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                      (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                 Unless Otherwise Stated)


31. PERPAJAKAN (lanjutan)                                   31. TAXATION (continued)
   Aset     (liabilitas) pajak tangguhan pada                   The deferred tax assets (liabilities) as of
   31 Desember 2023 dan 2022 adalah sebagai                     December 31, 2023 and 2022 are as follows:
   berikut:
                                            31 Desember/December 31

                                             2023             2022

    Aset pajak tangguhan                                                                         Deferred tax assets
      Perusahaan                                                                                           Company
        Liabilitas imbalan kerja             15.388.435       13.261.657              Employee benefits liabilities
        Aset tetap                            1.426.284        1.499.235                           Fixed assets
        Piutang                                 685.307          685.307                    Accounts receivable
        Akrual kompensasi PKWT                  190.635           33.277             PKWT compensation accrual
        Persediaan                                8.293                -                             Inventories
        Deemed dividend                               -       (1.367.934)                     Deemed dividend

      Subtotal                               17.698.954       14.111.542                                     Sub-total

      Entitas anak                                                                                         Subsidiaries
        Persediaan                           64.738.349       48.926.173                                  Inventories
        Liabilitas imbalan kerja             37.035.685       29.171.078                Employee benefits liabilities
        Aset hak-guna                        10.137.214       10.665.235                        Right-of-use assets
        Selisih kurs karena penjabaran                                               Difference in foreign currency
           laporan keuangan                   9.749.296        4.408.753     translation of financial statements
        Piutang                               7.607.261       14.434.864                        Accounts receivable
        Aset tetap                            4.035.079        3.901.660                                Fixed assets
        Akrual kompensasi PKWT                2.881.802          484.720              PKWT compensation accrual
        Program loyalitas pelanggan             996.325                -               Customer loyalty programme
        Kompensasi rugi fiskal               50.453.599       11.710.215                                     Tax loss

      Subtotal                              187.634.610      123.702.698                                     Sub-total

    Aset pajak tangguhan                                                                     Consolidated deferred tax
      konsolidasian                         205.333.564      137.814.240                                    assets

    Liabilitas pajak tangguhan                                                                     Deferred tax liabilities
      Entitas anak                                                                                         Subsidiaries
         Aset tetap                          (18.750.627)     (18.505.252)                              Fixed assets
         Selisih kurs karena penjabaran                                              Difference in foreign currency
            laporan keuangan                  (4.099.826)      (9.113.775)   translation of financial statements
         Aset hak-guna                        (2.335.814)      (1.125.742)                      Right-of-use assets

    Liabilitas pajak tangguhan                                                               Consolidated deferred tax
      konsolidasian                          (25.186.267)     (28.744.769)                               liabilities


   Pada tanggal 31 Desember 2023 dan 2022, pajak                As of December 31, 2023 and 2022, the prepaid
   dibayar di muka masing-masing sebesar                        taxes amounted to Rp745,553,012 and
   Rp745.553.012 dan Rp1.332.728.646, sebagian                  Rp1,332,728,646, respectively, are mainly Value
   besar merupakan Pajak Pertambahan Nilai                      Added Tax - input.
   masukan.

   Tidak terdapat konsekuensi pajak penghasilan atas            There are no income tax consequences attached
   pembayaran dividen oleh entitas-entitas anak                 to the payment of dividend by the local
   domestik dan Entitas Asosiasi kepada Perusahaan              subsidiaries and Associates to the Company and
   dan Perusahaan bermaksud memegang investasi                  the Company intends to hold the investment for
   tersebut dalam jangka panjang.                               long-term.




                                                    146
Page 491
                                                         The original consolidated financial statements included herein
                                                                                       are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                               PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                      AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                  NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                     FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                              As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                     For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                   (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                              Unless Otherwise Stated)


31. PERPAJAKAN (lanjutan)                                31. TAXATION (continued)

   Perusahaan akan menyampaikan perhitungan di               The Company will report the above calculation in
   atas dalam SPT Tahunan Pajak Penghasilan                  its Annual Corporate Income Tax Return for fiscal
   Badan untuk tahun fiskal 2023 kepada kantor pajak         year 2023 to the tax office and is reported in
   dan dilaporkan berdasarkan peraturan yang                 accordance with applicable regulation.
   berlaku.

   Surat Ketetapan Pajak                                     Tax Assessment Letters

   Perusahaan                                                Company

   Pada tanggal 7 November 2023, Perusahaan                  On November 7, 2023, the Company received Tax
   menerima Surat Ketetapan Pajak Lebih Bayar                Assessment Letter for Tax Overpayment
   (“SKPLB”) untuk tahun fiskal 2022 sebesar                 (“SKPLB”) for Corporate Income Tax for fiscal
   Rp1.193.013.296 sehubungan dengan tagihan                 year 2022 of Rp1,193,013,296 related to the
   pajak penghasilan badan Perusahaan untuk tahun            Company’s claim for tax refund for fiscal year
   fiskal 2022 sebesar Rp1.193.696.396. Selisih              2022 of Rp1,193,696,396. The difference
   antara tagihan pajak penghasilan Perusahaan               between the Company’s claim for tax refund and
   dengan SKPLB sebesar Rp683.100 diakui pada                SKPLB of Rp683,100 is charged to “Income Tax
   “Beban Pajak Penghasilan - Neto” dalam laporan            Expense - Net” in the consolidated statement of
   laba rugi dan penghasilan komprehensif lain               profit or loss and other comprehensive income for
   konsolidasian untuk tahun yang berakhir pada              the year ended December 31, 2023.
   tanggal 31 Desember 2023.

   Pada tanggal 14 November 2022, Perusahaan                 On November 14, 2022, the Company received
   menerima Surat Ketetapan Pajak Lebih Bayar                Tax Assessment Letter for Tax Overpayment
   (“SKPLB”) untuk tahun fiskal 2021 sebesar                 (“SKPLB”) for Corporate Income Tax for fiscal
   Rp926.798.477 sehubungan dengan tagihan pajak             year 2021 of Rp926,798,477 related to the
   penghasilan badan Perusahaan untuk tahun fiskal           Company’s claim for tax refund for fiscal year
   2021 sebesar Rp927.991.176. Selisih antara                2021 of Rp927,991,176. The difference between
   tagihan pajak penghasilan Perusahaan dengan               the Company’s claim for tax refund and SKPLB of
   SKPLB sebesar Rp1.192.699 diakui pada “Beban              Rp1,192,699 is charged to “Income Tax Expense
   Pajak Penghasilan - Neto” dalam laporan laba rugi         - Net” in the consolidated statement of profit or
   dan penghasilan komprehensif lain konsolidasian           loss and other comprehensive income for the year
   untuk tahun yang berakhir pada tanggal                    ended December 31, 2022.
   31 Desember 2022.




                                                   147
Page 492
                                                        The original consolidated financial statements included herein
                                                                                      are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                              PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                     AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                 NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                    FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                             As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                    For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                  (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                             Unless Otherwise Stated)


31. PERPAJAKAN (lanjutan)                               31. TAXATION (continued)

   Surat Ketetapan Pajak (lanjutan)                         Tax Assessment Letters (continued)

   Entitas anak                                            Subsidiaries

   Pada tanggal 3 November 2023, MII menerima               On November 3, 2023, MII received Tax
   Surat Ketetapan Pajak Lebih Bayar (“SKPLB”)              Assessment Letter for Tax Overpayment
   untuk tahun fiskal 2021 sebesar Rp3.430.094              (“SKPLB”) for Corporate Income Tax for fiscal
   sehubungan dengan tagihan pajak penghasilan MII          year 2021 of Rp3,430,094 related to MII’s claim
   untuk tahun fiskal 2021 sebesar Rp3.943.902.             for tax refund for fiscal year 2021 of Rp3,943,902.
   Selisih antara tagihan pajak penghasilan MII             The difference between the MII’s claim for tax
   dengan SKPLB sebesar Rp513.808 diakui pada               refund and SKPLB of Rp513,808 is charged to
   “Beban Pajak Penghasilan - Neto” dalam laporan           “Income Tax Expense - Net” in the consolidated
   laba rugi dan penghasilan komprehensif lain              statement of profit or loss and other
   konsolidasian untuk periode yang berakhir pada           comprehensive income for the period ended
   tanggal 31 Desember 2023.                                December 31, 2023.

   Pada tanggal 23 Juni 2023, PPS menerima Surat            On June 23, 2023, PPS received Tax Assessment
   Ketetapan Pajak Lebih Bayar (“SKPLB”) untuk              Letter for Tax Overpayment (“SKPLB”) for
   tahun   fiskal   2021     sebesar   Rp1.342.303          Corporate Income Tax for fiscal year 2021 of
   sehubungan dengan tagihan pajak penghasilan              Rp1,342,303 related to PPS’s claim for tax refund
   PPS untuk tahun fiskal 2021 sebesar Rp1.342.303.         for fiscal year 2021 of Rp1,342,303.

   Pada tanggal 23 Juni 2023, NGA menerima Surat            On June 23, 2023, NGA received Tax
   Ketetapan Pajak Lebih Bayar (“SKPLB”) untuk              Assessment Letter for Tax Overpayment
   tahun   fiskal  2021     sebesar    Rp1.593.465          (“SKPLB”) for Corporate Income Tax for fiscal
   sehubungan dengan tagihan pajak penghasilan              year 2021 of Rp1,593,465 related to NGA’s claim
   NGA untuk tahun fiskal 2021 sebesar Rp1.593.465.         for tax refund for fiscal year 2021 of Rp1,593,465.

   Pada tanggal 23 Juni 2023, SES menerima Surat            On June 23, 2023, SES received Tax Assessment
   Ketetapan Pajak Lebih Bayar (“SKPLB”) untuk              Letter for Tax Overpayment (“SKPLB”) for
   tahun    fiskal  2021     sebesar   Rp7.004.628          Corporate Income Tax for fiscal year 2021 of
   sehubungan dengan tagihan pajak penghasilan              Rp7,004,628 related to SES’s claim for tax refund
   SES untuk tahun fiskal 2021 sebesar Rp7.970.190.         for fiscal year 2021 of Rp7,970,190. The
   Selisih antara tagihan pajak penghasilan SES             difference between the SES’s claim for tax refund
   dengan SKPLB sebesar Rp965.562 diakui pada               and SKPLB of Rp965,562 is charged to “Income
   “Beban Pajak Penghasilan - Neto” dalam laporan           Tax Expense - Net” in the consolidated statement
   laba rugi dan penghasilan komprehensif lain              of profit or loss and other comprehensive income
   konsolidasian untuk periode yang berakhir pada           for the period ended December 31, 2023.
   tanggal 31 Desember 2023.




                                                  148
Page 493
                                                        The original consolidated financial statements included herein
                                                                                      are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                              PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                     AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                 NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                    FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                             As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                    For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                  (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                             Unless Otherwise Stated)


31. PERPAJAKAN (lanjutan)                               31. TAXATION (continued)

   Surat Ketetapan Pajak (lanjutan)                         Tax Assessment Letters (continued)

   Entitas anak (lanjutan)                                 Subsidiaries (continued)

   Pada tanggal 23 Mei 2023, SAM menerima surat             On May 23, 2023, SAM received tax audit decision
   keputusan pemeriksaan pajak atas SKPLB untuk             for SKPLB Corporate Income Tax for fiscal year
   tahun    fiskal  2021    sebesar    Rp2.510.687          2021 of Rp2,510,687 related to SAM’s claim for
   sehubungan dengan tagihan pajak penghasilan              tax refund for fiscal year 2021 of Rp2,927,390.
   SAM untuk tahun fiskal 2021 sebesar Rp2.927.390.         The difference between the SAM’s claim for tax
   Selisih antara tagihan pajak penghasilan SAM             refund and SKPLB of Rp416,703 is charged to
   dengan SKPLB sebesar Rp416.703 diakui pada               “Income Tax Expense - Net” in the consolidated
   “Beban Pajak Penghasilan - Neto” dalam laporan           statement of profit or loss and other
   laba rugi dan penghasilan komprehensif lain              comprehensive income for the period ended
   konsolidasian untuk periode yang berakhir pada           December 31, 2023.
   tanggal 31 Desember 2023.

   Pada tanggal 28 April 2022, SES menerima surat           On April 28, 2022, SES received tax court decision
   keputusan pengadilan pajak atas SKPLB untuk              for SKPLB Corporate Income Tax for fiscal year
   tahun fiskal 2020 sebesar Rp17.101.172                   2020 of Rp17,101,172 related to SES’s claim for
   sehubungan dengan tagihan pajak penghasilan              tax refund for fiscal year 2020 of Rp17,647,902.
   SES untuk tahun fiskal 2020 sebesar                      The difference between the SES’s claim for tax
   Rp17.647.902. Selisih antara tagihan pajak               refund and SKPLB of Rp546,730 is charged to
   penghasilan SES dengan SKPLB sebesar                     “Income Tax Expense - Net” in the consolidated
   Rp546.730 diakui pada “Beban Pajak Penghasilan           statement of profit or loss and other
   - Neto” dalam laporan laba rugi dan penghasilan          comprehensive income for the period ended
   komprehensif lain konsolidasian untuk periode            Desember 31, 2022.
   yang berakhir pada tanggal 31 Desember 2022.

   Pada tanggal 28 April 2022, MII menerima surat           On April 28, 2022, MII received tax court decision
   keputusan pengadilan pajak atas SKPLB untuk              for SKPLB Corporate Income Tax for fiscal year
   tahun    fiskal   2020    sebesar    Rp3.976.309         2020 of Rp3,976,309 related to MII’s claim for tax
   sehubungan dengan tagihan pajak penghasilan MII          refund for fiscal year 2020 of Rp3,976,309.
   untuk tahun fiskal 2020 sebesar Rp3.976.309.

   Pada tanggal 27 April 2022, NGA menerima surat           On April 27, 2022, NGA received tax court
   keputusan pengadilan pajak atas SKPLB untuk              decision for SKPLB Corporate Income Tax for
   tahun   fiskal  2020     sebesar    Rp5.814.082          fiscal year 2020 of Rp5,814,082 related to NGA’s
   sehubungan dengan tagihan pajak penghasilan              claim for tax refund for fiscal year 2020 of
   NGA untuk tahun fiskal 2020 sebesar Rp5.814.082.         Rp5,814,082.

   Pada tanggal 20 April 2022, PPP menerima surat           On April 20, 2022, PPP received tax court decision
   keputusan pengadilan pajak atas SKPLB untuk              for SKPLB Corporate Income Tax for fiscal year
   tahun fiskal 2020 sebesar Rp949.299 sehubungan           2020 of Rp949,299 related to PPP’s claim for tax
   dengan tagihan pajak penghasilan PPP untuk               refund for fiscal year 2020 of Rp949,299.
   tahun fiskal 2020 sebesar Rp949.299.




                                                  149
Page 494
                                                             The original consolidated financial statements included herein
                                                                                           are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                   PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                          AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                      NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                         FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                  As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                         For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                       (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                  Unless Otherwise Stated)


32. LABA PER SAHAM                                          32. EARNINGS PER SHARE

   Laba per saham dihitung dengan membagi laba                   Earnings per share is computed by dividing the
   tahun berjalan yang dapat diatribusikan kepada                profit for the year attributable to owners of the
   pemilik entitas induk dengan jumlah rata-rata                 parent company by the weighted-average number
   tertimbang saham yang beredar selama tahun yang               of shares outstanding during the year, (less
   bersangkutan (dikurangi perolehan kembali saham               treasury stock).
   beredar).
                                            Tahun yang Berakhir pada
                                              Tanggal 31 Desember/
                                            Year Ended December 31
                                             2023              2022
   Laba tahun berjalan yang dapat
      diatribusikan kepada                                                               Profit for the year attributable to
      pemilik entitas induk                 826.049.833      1.012.872.953             owners of the parent company

   Total rata-rata tertimbang                                                               Weighted-average number of
      saham yang beredar                 15.783.484.900     15.858.157.216                       outstanding shares

   Laba per saham (angka penuh)                     52,34             63,87            Earnings per share (full amount)




33. SALDO DAN TRANSAKSI DENGAN PIHAK-                       33. BALANCES AND                TRANSACTIONS              WITH
    PIHAK BERELASI                                              RELATED PARTIES

   Dalam kegiatan usaha yang normal, Grup                        In the normal course of business, the Group has
   melakukan transaksi dengan pihak-pihak yang                   engaged in transactions with related parties, which
   berelasi pada tingkat harga dan persyaratan yang              are conducted based on the agreed terms and
   disetujui kedua belah pihak.                                  conditions.

    Sifat hubungan dengan pihak-pihak berelasi:                  Nature of relationship with related parties:
   (i) PT Mega Mulia Servindo (“Servindo”),                      (i) PT Mega Mulia Servindo (“Servindo”), PT
         PT Bolttech Device Protection Indonesia                      Bolttech     Device    Protection     Indonesia
         (“Bolttech”), PT Citra Anugrah Sukses Abadi                  (“Bolttech”), PT Citra Anugrah Sukses Abadi
         (“CASA”), dan PT Inovidea Magna Global,                      (“CASA”), and PT Inovidea Magna Global are
         merupakan entitas asosiasi.                                  associates.
   (ii) PT Era Caring Indonesia (“ECI”), PT Era Farma            (ii) PT Era Caring Indonesia (“ECI”), PT Era
         Indonesia, PT JDSports Fashion Indonesia                     Farma Indonesia, PT JDSports Fashion
         (“JDFI”), PT JDSports Fashion Distribution                   Indonesia (“JDFI”), PT JDSports Fashion
         (“JDFD”), PT Era Blu Elektronik dan PT MST                   Distribution (“JDFD”), PT Era Blu Elektronik
         Golf Indonesia (“MSTI”) merupakan entitas                    and PT MST Golf Indonesia (“MSTI”) are joint
         ventura bersama.                                             venture entities.
   (iii) PT Era Sehat Bersama dan PT Era Farma                  (iii) PT Era Sehat Bersama and PT Era Farma
         Medika merupakan anak perusahaan dari                        Medika are subsidiaries of PT Era Farma
         PT Era Farma Indonesia.                                      Indonesia
   (iv) Paris Baguette Singapore Pte. Ltd. merupakan             (iv) Paris Baguette Singapore Pte. Ltd. is the non-
         pemegang saham nonpengendali dari PT Era                     controlling shareholder of PT Era Boga
         Boga Patiserindo (“EBP”).                                    Patiserindo (“EBP”).
   (v) Drs. Marsudi M.B.A., Ph.D. merupakan                      (v) Drs. Marsudi M.B.A., Ph.D. is the non-
         pemegang saham nonpengendali dari PT Mitra                   controlling shareholders of PT Mitra Belanja
         Belanja Halal (“MBH”).                                       Halal (“MBH”).
   (vi) PT Masak Maju Terus merupakan pemegang                   (vi) PT Masak Maju Terus is the non-controlling
         saham nonpengendali dari PT Era Boga Kari                    shareholders of PT Era Boga Kari (“EBK”).
         (“EBK”).




                                                     150
Page 495
                                                                                        The original consolidated financial statements included herein
                                                                                                                      are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                                              PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                                                     AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                                                 NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                                    FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                                             As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                                                    For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                                                  (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                                             Unless Otherwise Stated)


33. SALDO DAN TRANSAKSI DENGAN PIHAK-                                                   33. BALANCES AND TRANSACTIONS                                           WITH
    PIHAK BERELASI (lanjutan)                                                               RELATED PARTIES (continued)
   Rincian saldo dengan pihak-pihak berelasi:                                               Details of balances with related parties:
                                                                        31 Desember/December 31
                                                             2023                                    2022
                                                  Total/            Persentase (%)*)/     Total/           Persentase (%)*)/
                                                  Total             Percentage (%)*)      Total            Percentage (%)*)

   Piutang usaha - pihak-pihak berelasi                                                                                              Trade receivables - related parties
     PT Era Blu Elektronik                        14.840.201                    0,07         152.429                    0,00                   PT Era Blu Elektronik
     PT Mega Mulia Servindo                        3.439.171**)                 0,02       3.439.171**)                 0,02                PT Mega Mulia Servindo
     PT MST Golf Indonesia                         1.175.909                    0,01               -                       -                 PT MST Golf Indonesia
     PT JDSports Fashion Indonesia                   595.080                    0,01               -                       -         PT JDSports Fashion Indonesia
     PT Era Farma Indonesia                           81.119                    0,01          24.527                    0,00                PT Era Farma Indonesia
     PT Era Fit Indonesia                              5.190                    0,01               -                       -                    PT Era Fit Indonesia
     PT Era Sehat Bersama                              3.115                    0,01               -                       -                 PT Era Sehat Bersama
     PT Era Farma Medika                               1.874                    0,01               -                       -                   PT Era Farma Medika
     PT Bolttech Device Protection                                                                                                     PT Bolttech Device Protection
       Indonesia                                           551                  0,01         738.425                    0,00                            Indonesia
     PT JDSports Fashion Distribution                        -                     -       1.192.094                    0,01        PT JDSports Fashion Distribution

    Piutang lain-lain - pihak-pihak berelasi                                                                                         Other receivables - related parties
     PT JDSports Fashion Indonesia                 2.410.213                    0,01       4.779.255                    0,03         PT JDSports Fashion Indonesia
     PT Era Caring Indonesia                       1.782.502                    0,01               -                       -                PT Era Caring Indonesia
     PT Bolttech Device Protection                                                                                                     PT Bolttech Device Protection
       Indonesia                                   1.338.348                    0,01       1.589.318                    0,01                            Indonesia
     PT Masak Maju Terus                           1.049.950                    0,01               -                       -                   PT Masak Maju Terus
     PT Era Farma Indonesia                        1.006.860                    0,01               -                       -                 PT Era Farma Indonesia
     Drs. Marsudi M.B.A Ph.D                         786.483                    0,01               -                       -                 Drs Marsudi M.B.A Ph.D
     PT Era Caring Indonesia                               -                       -       2.180.138                    0,01                 PT Era Caring Indonesia

   Utang usaha - pihak-pihak berelasi                                                                                                  Trade payables - related parties
     PT Bolttech Device Protection                                                                                                     PT Bolttech Device Protection
      Indonesia                                   16.757.452                    0,14      15.334.392                    0,16                           Indonesia
     Paris Croissant Co., Ltd.                     3.477.329                    0,03               -                       -                Paris Croissant Co., Ltd.
     PT JDSports Fashion Indonesia                 1.630.822                    0,01         756.539                    0,00         PT JDSports Fashion Indonesia
     PT Era Farma Medika                              70.689                    0,01               -                       -                   PT Era Farma Medika
     PT Era Farma Indonesia                            3.726                    0,01               -                       -                PT Era Farma Indonesia
     Paris Baguette Singapore Pte. Ltd.                    -                       -          29.997                    0,00       Paris Baguette Singapore Pte. Ltd.

   Utang lain-lain - pihak-pihak berelasi                                                                                               Other payables - related parties
     Paris Baguette Singapore Pte. Ltd.            1.252.419                    0,01      14.855.842                    0,15        Paris Baguette Singapore Pte. Ltd.
     PT Era Blu Elektronik                           912.933                    0,01      82.919.281                    0,84                    PT Era Blu Elektronik
     PT Era Caring Indonesia                             534                    0,01               -                       -                 PT Era Caring Indonesia
     PT JDSports Fashion Indonesia                         -                       -          11.430                    0,00          PT JDSports Fashion Indonesia

    *) persentase terhadap total aset/liabilitas konsolidasian                              *) percentage to total consolidated assets/liabilities
    **) sebelum dikurangi cadangan penurunan nilai sebesar Rp3.439.171                      **) gross of allowance for impairment of Rp3,439,171


   Rincian transaksi dengan pihak-pihak berelasi:                                           Details of transactions with related parties:
                                                           Tahun yang Berakhir pada Tanggal 31 Desember/
                                                                    Year Ended December 31,
                                                             2023                                    2022

                                                 Total/           Persentase (%)***)/    Total/           Persentase (%)***)/
                                                 Total            Percentage (%)***)     Total            Percentage (%)***)
   Penjualan                                                                                                                                                 Sales
    PT Era Blu Elektronik                        110.220.534                    0,18         329.982                    0,00                PT Era Blu Elektronik
     PT Bolttech Device Protection                                                                                                  PT Bolttech Device Protection
      Indonesia                                    4.210.261                    0,01       1.325.953                    0,00                         Indonesia
    PT JDSports Fashion Indonesia                  4.164.356                    0,01               -                       -      PT JDSports Fashion Indonesia
    PT MST Golf Indonesia                          1.065.868                    0,01               -                       -             PT MST Golf Indonesia
    PT JDSports Fashion Distribution                 166.890                    0,01               -                       -     PT JDSports Fashion Distribution
    PT Era Caring Indonesia                          152.187                    0,01               -                       -            PT Era Caring Indonesia
    PT Teknologi Belanja Digital                      38.942                    0,01               -                       -         PT Teknologi Belanja Digital
    PT MST Golf Distribution                           6.490                    0,01               -                       -            PT MST Golf Distribution
    PT Era Farma Indonesia                             1.206                    0,01               -                       -            PT Era Farma Indonesia

   Pembelian                                                                                                                                             Purchase
     PT Bolttech Device Protection                                                                                                  PT Bolttech Device Protection
      Indonesia                                   91.999.913                    0,17      74.650.804                    0,16                         Indonesia

   Biaya Keuangan                                                                                                                                   Finance Cost
     PT Era Blu Elektronik                         9.699.512                    1,61                -                      -              PT Era Blu Elektronik
     PT JDSports Fashion Indonesia                       500                    0,01                -                      -      PT JDSports Fashion Indonesia

   ***)   persentase    terhadap     total   penjualan       neto/pembelian                  ***) percentage to total net sales/net purchases/income/related expenses
          neto/pendapatan/beban yang bersangkutan



                                                                            151
Page 496
                                                          The original consolidated financial statements included herein
                                                                                        are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                       AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                   NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                      FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                               As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                      For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                    (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                               Unless Otherwise Stated)


33. SALDO DAN TRANSAKSI DENGAN PIHAK-                    33. BALANCES   AND TRANSACTIONS                         WITH
    PIHAK BERELASI (lanjutan)                                RELATED PARTIES (continued)

   Pada tanggal 31 Desember 2023 dan 2022, piutang            As of December 31, 2023 and 2022, trade
   usaha dari PT Mega Mulia Servindo ("Servindo"),            receivables from PT Mega Mulia Servindo
   entitas asosiasi, sebesar Rp3.439.171, telah               (“Servindo”), associated company, amounted to
   dicadangkan seluruhnya karena Manajemen                    Rp3,439,171, was provided with full allowance, due
   Perusahan menilai terdapat keragu-raguan yang              to the Company’s Management assesses that there
   signifikan, mengenai apakah Servindo dapat                 is a significant doubt on whether Servindo will be
   melunasi utangnya akibat penurunan kondisi                 able to pay its debt due to decline in its business
   usahanya.                                                  condition.

   Imbalan kepada manajemen kunci Grup atas jasa               The compensation to the Group‘s key
   kepegawaian adalah sebagai berikut:                         management for employee services is shown
                                                               below:
                                          Tahun yang Berakhir pada
                                            Tanggal 31 Desember/
                                          Year Ended December 31

                                           2023             2022

    Gaji dan imbalan jangka pendek                                                     Salaries and other short-term
      lainnya                                                                                 employee benefits
      Dewan Komisaris                      29.424.278       26.903.799                   Board of Commissioners
      Direksi                             104.767.208       98.250.049                          Board of Directors

    Total                                 134.191.486      125.153.848                                           Total




                                                  152
Page 497
                                                                                  The original consolidated financial statements included herein
                                                                                                                are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                                        PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                                               AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                                           NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                              FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                                       As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                                              For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                                            (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                                       Unless Otherwise Stated)


34. ASET DAN LIABILITAS DALAM MATA UANG                                           34. ASSETS AND LIABILITIES DENOMINATED IN
    ASING                                                                             FOREIGN CURRENCIES
   Pada tanggal 31 Desember 2023 dan 2022, Grup                                       As of December 31, 2023 and 2022, the Group has
   memiliki aset dan liabilitas moneter yang signifikan                               significant monetary assets and liabilities
   dalam mata uang asing sebagai berikut:                                             denominated in foreign currencies as follows:
                                           31 Desember/December 31, 2023          31 Desember/December 31, 2022

                                             Dalam Mata            Setara         Dalam Mata           Setara
                                             Uang Asing/          Rupiah/         Uang Asing/         Rupiah/
                                              In Foreign         Equivalent        In Foreign        Equivalent
                                             Currencies           Rupiah          Currencies          Rupiah

   Dolar Amerika Serikat                                                                                                          United States dollar
   Aset                                                                                                                                         Assets
     Kas dan setara kas                           6.136.536        94.600.813         5.051.016        79.457.519          Cash and cash equivalents
     Piutang lain-lain                           10.524.927       162.252.273           225.907         3.553.752                  Other receivables

   Subtotal                                      16.661.463       256.853.086         5.276.923        83.011.271                              Sub-total

   Liabilitas                                                                                                                                 Liabilities
      Utang bank jangka pendek                   (1.627.743)       (25.093.289)      (1.175.679)      (18.494.609)              Short-term bank loans
      Utang usaha                               (91.361.597)    (1.408.430.380)     (49.625.142)     (780.653.111)                     Trade payables
      Utang lain-lain                              (498.032)        (7.677.664)               -                 -                      Other payables

   Subtotal                                     (93.487.372)    (1.441.201.333)     (50.800.821)     (799.147.720)                             Sub-total

   Liabilitas moneter neto dalam                                                                                                Net monetary liabilities
      dolar Amerika Serikat                     (76.825.909)    (1.184.348.247)     (45.523.898)     (716.136.449)            in United States dollar

   Ringgit Malaysia                                                                                                                   Malaysian Ringgit
   Aset                                                                                                                                            Assets
      Kas dan setara kas                         37.031.089       123.757.893        23.786.136        84.583.506          Cash and cash equivalents
      Piutang usaha                              40.305.324       134.700.395        16.917.018        60.156.915                   Trade receivables
      Piutang lain-lain                          34.587.897       115.592.749        45.006.384       160.042.700                   Other receivables
      Aset keuangan lancar lainnya               15.165.640        50.683.570        13.290.131        47.263.029        Other current financial assets
      Aset keuangan tidak lancar lainnya             38.363           128.208            79.015           280.980    Other non-current financial assets

   Subtotal                                     127.128.313       424.862.815        99.078.684       352.327.130                              Sub-total

   Liabilitas                                                                                                                                 Liabilities
      Utang bank jangka pendek                  (56.721.217)     (189.562.308)      (29.467.931)     (104.787.963)              Short-term bank loans
      Utang bank jangka panjang                  (5.427.083)      (18.137.310)       (6.070.738)      (21.587.543)              Long-term bank loans
      Utang usaha                              (124.486.455)     (416.033.733)     (129.884.314)     (461.868.620)                     Trade payables
      Utang lain-lain                          (133.109.761)     (444.852.822)      (17.949.309)      (63.827.743)                     Other payables

   Subtotal                                    (319.744.516)    (1.068.586.173)    (183.372.292)     (652.071.869)                             Sub-total

   Liabilitas moneter neto dalam                                                                                                Net monetary liabilities
      Ringgit Malaysia                         (192.616.203)     (643.723.358)      (84.293.608)     (299.744.739)              in Malaysian Ringgit




                                                                       153
Page 498
                                                                                The original consolidated financial statements included herein
                                                                                                              are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                                      PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                                             AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                                         NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                            FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                                     As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                                            For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                                          (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                                     Unless Otherwise Stated)


34. ASET DAN LIABILITAS DALAM MATA UANG                                         34. ASSETS AND LIABILITIES DENOMINATED IN
    ASING (lanjutan)                                                                FOREIGN CURRENCIES (continued)

   Pada tanggal 31 Desember 2023 dan 2022, Grup                                     As of December 31, 2023 and 2022, the Group has
   memiliki aset dan liabilitas moneter yang signifikan                             significant monetary assets and liabilities
   dalam mata uang asing sebagai berikut: (lanjutan)                                denominated in foreign currencies as follows:
                                                                                    (continued)
                                          31 Desember/December 31, 2023         31 Desember/December 31, 2022

                                            Dalam Mata           Setara         Dalam Mata           Setara
                                            Uang Asing/         Rupiah/         Uang Asing/         Rupiah/
                                             In Foreign        Equivalent        In Foreign        Equivalent
                                            Currencies          Rupiah          Currencies          Rupiah

   Dolar Singapura                                                                                                                     Singapore dollar
   Aset                                                                                                                                           Assets
     Kas dan setara kas                         54.502.497       638.333.342        4.977.885        58.037.151           Cash and cash equivalents
     Piutang usaha                               4.547.806        53.263.896        4.841.757        56.450.046                    Trade receivables
     Piutang lain-lain                           4.573.756        53.567.821        2.518.460        29.362.721                    Other receivables
     Aset keuangan lancar lainnya                   23.129           270.888          239.320         2.790.235         Other current financial assets
     Aset keuangan tidak lancar lainnya          2.992.630        35.049.683        3.448.450        40.205.472     Other non-current financial assets

   Subtotal                                     66.639.818       780.485.630       16.025.872       186.845.625                               Sub-total

   Liabilitas                                                                                                                                Liabilities
      Utang bank jangka pendek                  (3.079.663)      (36.069.013)               -                 -                Short-term bank loans
      Utang usaha                               (3.103.901)      (36.352.886)      (3.008.981)      (35.081.709)                      Trade payables
      Utang lain-lain                             (685.966)       (8.034.029)      (1.027.441)      (11.978.931)                      Other payables

   Subtotal                                     (6.869.530)      (80.455.928)      (4.036.422)      (47.060.640)                              Sub-total

   Aset moneter neto dalam                                                                                                        Net monetary assets
     dolar Singapura                            59.715.930       699.393.064       11.989.450       139.784.985                  in Singapore dollar

   Yuan China                                                                                                                           Chinese Yuan
   Liabilitas                                                                                                                               Liabilities
      Utang usaha                               (8.874.859)      (19.258.444)                 -                 -                    Trade payables

   Liabilitas moneter neto dalam                                                                                               Net monetary liabilities
      Yuan China                                (8.874.859)      (19.258.444)                 -                 -                  in Chinese Yuan


   Dolar Hong Kong                                                                                                                   Hong Kong dollar
   Liabilitas                                                                                                                               Liabilities
      Utang usaha                                  (82.770)         (163.306)                 -                 -                    Trade payables

   Liabilitas moneter neto dalam                                                                                               Net monetary liabilities
      Dolar Hong Kong                              (82.770)         (163.306)                 -                 -              in Hong Kong dollar



   Pada tanggal 28 Maret 2024, kurs tengah Bank                                     On March 28, 2024, the exchange rate of Bank
   Indonesia untuk mata uang dolar Amerika Serikat,                                 Indonesia for United States dollar, Malaysian
   Ringgit Malaysia dan dolar Singapura terhadap                                    Ringgit, and Singapore dollar against Rupiah are
   Rupiah masing-masing adalah Rp15.853 per $AS1,                                   Rp15,853 per US$1, Rp3,351 per MYR1, Rp11,766
   Rp3.351 per RM1, Rp11.766 per $Sin1, Rp2.193                                     per Sin$1, Rp2,193 per CNY1 and Rp2,026 per
   per CNY1 dan Rp2.026 per HKD1. Jika aset                                         HKD1. If the net monetary assets denominated in
   moneter neto dalam mata uang asing pada tanggal                                  foreign currency as of December 31, 2023 are
   31 Desember 2023 dijabarkan ke dalam Rupiah                                      converted to Rupiah using the said exchange rate,
   menggunakan kurs tersebut, maka liabilitas moneter                               the net monetary liabilities will increase by
   neto akan naik sebesar Rp32.287.381.                                             Rp32,287,381.




                                                                     154
Page 499
                                                                                            The original consolidated financial statements included herein
                                                                                                                          are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                                                  PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                                                         AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                                                     NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                                        FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                                                 As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                                                        For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                                                      (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                                                 Unless Otherwise Stated)


35. INFORMASI SEGMEN                                                                        35. SEGMENT INFORMATION

   Sesuai dengan PSAK 5 (Revisi 2009), “Segmen                                                     In accordance with PSAK 5 (Revised 2009),
   Operasi”, informasi segmen berikut ini disusun                                                  “Operating Segments”, the following segment
   berdasarkan informasi yang digunakan oleh                                                       information is prepared based on the information
   manajemen untuk mengevaluasi kinerja setiap                                                     used by management in evaluating the
   segmen dan menentukan alokasi sumber daya.                                                      performance of each business segment and in
                                                                                                   determining the allocation of resources.
                                                         Tahun yang Berakhir pada Tanggal 31 Desember 2023/
                                                                   Year Ended December 31, 2023

                               Telepon Selular     Produk         Komputer & Peralatan    Aksesoris
                                 dan Tablet/      Operator/        Elektronik Lainnya/   dan Lainnya/
                               Cellular Phones    Operator         Computer & Other      Accessories           Eliminasi/       Konsolidasian/
                                 and Tablets       Product         Electronic Devices     and Others          Elimination        Consolidated

   Penjualan segmen                                                                                                                                             Segment sales
     Penjualan eksternal         47.913.750.778   2.911.414.826        2.370.824.274      6.943.415.797                 -         60.139.405.675               External sales
     Penjualan antar grup        47.515.719.862      24.583.566        1.179.818.696      3.578.872.699   (52.298.994.823)                     -        Inter-company sales

   Penjualan neto                95.429.470.640   2.935.998.392        3.550.642.970     10.522.288.496   (52.298.994.823)        60.139.405.675                      Net sales

   Laba kotor per segmen          4.602.153.432     75.006.574          179.534.153       1.591.075.011                     -      6.447.769.170        Gross profit per segment

   Aset segmen                                                                                                                    20.447.451.702               Segment assets

   Liabilitas segmen                                                                                                              12.316.678.087            Segment liabilities

   Penyusutan dan amortisasi                                                                                                         910.589.247   Depreciation and amortization
   Pengeluaran modal                                                                                                               1.021.974.316            Capital expenditures


                                                         Tahun yang Berakhir pada Tanggal 31 Desember 2022/
                                                                   Year Ended December 31, 2022

                               Telepon Selular     Produk         Komputer & Peralatan    Aksesoris
                                 dan Tablet/      Operator/        Elektronik Lainnya/   dan Lainnya/
                               Cellular Phones    Operator         Computer & Other      Accessories           Eliminasi/       Konsolidasian/
                                 and Tablets       Product         Electronic Devices     and Others          Elimination        Consolidated

   Penjualan segmen                                                                                                                                             Segment sales
     Penjualan eksternal         38.669.609.544   2.837.546.388        2.159.604.192      5.804.723.759                 -         49.471.483.883               External sales
     Penjualan antar grup        28.343.464.543      18.203.163          873.516.458      2.924.561.772   (32.159.745.936)                     -        Inter-company sales

   Penjualan neto                67.013.074.087   2.855.749.551        3.033.120.650      8.729.285.531   (32.159.745.936)        49.471.483.883                      Net sales

   Laba kotor per segmen          3.661.996.510     88.246.777          208.285.131       1.403.015.137                     -      5.361.543.555        Gross profit per segment

   Aset segmen                                                                                                                    17.058.217.567               Segment assets

   Liabilitas segmen                                                                                                               9.855.354.847            Segment liabilities

   Penyusutan dan amortisasi                                                                                                         645.689.261   Depreciation and amortization
   Pengeluaran modal                                                                                                                 727.435.183            Capital expenditures


   Grup    mengelompokkan       segmen      geografis                                             The Group primarily classify geographical
   berdasarkan lokasi pelanggan yang terdiri dari                                                 segment based on customer location which
   wilayah Barat (Sumatera dan Jawa), wilayah                                                     consist of West Area (Sumatera and Java),
   Tengah (Jabodetabek, Kalimantan, Singapura dan                                                 Central   Area    (Jabodetabek,    Kalimantan,
   Malaysia) dan wilayah Timur (di luar wilayah Barat                                             Singapore and Malaysia) and East Area (outside
   dan Tengah) sebagai berikut:                                                                   West and Central Area) as follows:


                                                                  Tahun yang Berakhir pada
                                                                    Tanggal 31 Desember/
                                                                  Year Ended December 31

                                                                   2023                        2022
   Penjualan neto                                                                                                                                                Net sales
   Wilayah Tengah                                             33.293.152.542                31.398.638.803                                                     Central area
   Wilayah Timur                                               6.072.720.248                 4.268.250.229                                                       East area
   Wilayah Barat                                              20.773.532.885                13.804.594.851                                                      West area

   Total penjualan neto                                       60.139.405.675                49.471.483.883                                                Total net sales




                                                                            155
Page 500
                                                                                   The original consolidated financial statements included herein
                                                                                                                 are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                                         PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                                                AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                                            NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                               FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                                        As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                                               For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                                             (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                                        Unless Otherwise Stated)


36. NILAI WAJAR INSTRUMEN KEUANGAN                                               36. FAIR VALUES OF FINANCIAL INSTRUMENTS

   Instrumen keuangan yang disajikan di dalam laporan                                   Financial instruments presented in the consolidated
   posisi keuangan konsolidasian dicatat sebesar nilai                                  statement of financial position are carried at fair
   wajar, atau disajikan dalam jumlah tercatat baik                                     value, otherwise, they are presented at carrying
   karena jumlah tersebut mendekati nilai wajarnya                                      amounts as either these are reasonable
   atau karena nilai wajarnya tidak dapat diukur secara                                 approximation of fair values or their fair values
   handal. Penjelasan lebih lanjut diberikan pada                                       cannot be reliably measured. Further explanations
   paragraf-paragraf berikut.                                                           are provided in the following paragraphs.

   Instrumen keuangan yang dicatat pada nilai                                           Financial instruments carried at fair value or
   wajar atau biaya perolehan diamortisasi                                              amortized cost

   Aset keuangan tidak lancar lainnya - uang jaminan                                    Other non-current financial assets - security deposits
   dan utang jangka panjang dicatat pada biaya                                          and long-term debts are carried at amortized cost
   perolehan diamortisasi dengan menggunakan suku                                       using effective interest rate (“EIR”). The discount
   bunga efektif (“SBE”). Tingkat diskonto yang                                         rates used are the current market incremental
   digunakan adalah suku bunga pasar untuk pinjaman                                     lending rate for similar types of lending. Amortized
   yang serupa. Biaya perolehan diamortisasi                                            cost is calculated by taking into account any discount
   ditentukan dengan memperhitungkan diskonto atau                                      or premium on acquisition and fees or costs that are
   premi atas perolehan dan komisi atau biaya yang                                      integral part of the EIR.
   merupakan bagian tidak terpisahkan dari SBE.

   Instrumen keuangan dengan nilai tercatat yang                                        Financial instruments with carrying amounts that
   kurang lebih sebesar nilai wajarnya                                                  approximate their fair values

   Manajemen menetapkan bahwa nilai tercatat kas                                        Management has determined that the carrying
   dan setara kas, piutang usaha dan lain-lain, aset                                    amounts of cash and cash equivalents, trade and
   keuangan lancar dan tidak lancar lainnya, utang                                      other receivables, other current and non-current
   bank jangka pendek, utang usaha dan lain-lain,                                       financial assets, short-term bank loan, trade and
   beban akrual, liabilitas imbalan kerja jangka pendek                                 other payables, accrued expenses, short-term
   dan utang jangka panjang mendekati nilai wajarnya                                    employee benefits liabilities and long-term debt
   karena instrumen keuangan tersebut sebagian                                          reasonably approximate their fair values because
   besar berjangka pendek.                                                              they are mostly short-term in nature.

   Tabel berikut menyajikan nilai tercatat dan estimasi                                 The following tables sets out the carrying values and
   nilai wajar dari instrumen keuangan Grup pada                                        estimated fair values of the Group’s financial
   tanggal 31 Desember 2023 dan 2022:                                                   instruments as of December 31, 2023 and 2022:
                                                   31 Desember 2023/                      31 Desember 2022/
                                                   December 31, 2023                      December 31, 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                       1.765.703.214     1.765.703.214      1.044.182.531      1.044.182.531          Cash and cash equivalents
      Piutang usaha                            1.364.848.782     1.364.848.782      1.054.783.982      1.054.783.982                   Trade receivables
      Piutang lain-lain                          672.417.751       672.417.751        948.549.026        948.549.026                   Other receivables
      Aset keuangan lancar lainnya                50.954.458        50.954.458         50.053.264         50.053.264        Other current financial assets
      Aset keuangan tidak lancar lainnya         158.240.709       158.240.709        123.288.530        123.288.530    Other non-current financial assets

   Total Aset Keuangan                         4.012.164.914     4.012.164.914      3.220.857.333      3.220.857.333                  Total Financial Assets

   Liabilitas Keuangan                                                                                                                  Financial Liabilities
      Utang bank jangka pendek                 3.962.990.616     3.982.138.480      3.491.393.576      3.500.014.558                Short-term bank loans
      Utang usaha                              3.671.374.920     3.671.374.920      2.400.815.108      2.400.815.108                       Trade payables
      Utang lain-lain                          1.404.285.698     1.404.285.698      1.211.833.910      1.211.833. 910                      Other payables
      Beban akrual                                72.188.677        72.188.677         82.584.569         82.584.569                   Accrued expenses
      Liabilitas imbalan kerja                                                                                                       Short-term employee
           jangka pendek                         58.935.090        58.935.090          38.529.462         38.529.462                 benefits liabilities
      Liabilitas keuangan
           jangka pendek lainnya                   9.454.795         9.454.795                  -                  -      Other current financial liabilities
      Utang jangka panjang                     2.625.423.799     2.628.190.548      1.341.872.767      1.342.814.388                      Long-term debts

   Total Liabilitas Keuangan                  11.804.653.595    11.826.568.208      8.567.028.901      8.576.591.504              Total Financial Liabilities




                                                                       156
Page 501
                                                                                The original consolidated financial statements
                                                                              included herein are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                       PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                          NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                             FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                      As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                             For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                           (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)


37. MANAJEMEN RISIKO KEUANGAN                                    37. FINANCIAL RISK MANAGEMENT

   Liabilitas keuangan pokok Grup terdiri dari utang                The financial liabilities of the Group consists of
   bank jangka pendek, utang usaha, utang lain-lain,                short-term bank loans, trade payables, other
   beban akrual dan utang jangka panjang. Tujuan                    payables, accrued expenses, and long-term debts.
   utama dari liabilitas keuangan adalah untuk                      The main purpose of these financial liabilities is to
   mengumpulkan dana bagi operasi Grup. Selain itu,                 raise funds for the operations of the Group. The
   Grup juga memiliki berbagai aset keuangan seperti                Group also has various financial assets such as
   kas dan setara kas, piutang usaha, piutang lain-lain,            cash and cash equivalents, trade receivables, other
   aset keuangan lancar lainnya dan aset tidak lancar               receivables, other current financial assets and other
   lainnya yang dihasilkan langsung dari operasinya.                non-current assets which arise directly from its
                                                                    operations.

   Risiko utama yang timbul dari instrumen keuangan                 The main risks arising from the Group’s financial
   Grup adalah risiko suku bunga atas nilai wajar dan               instruments are fair value and cash flow interest rate
   arus kas, risiko nilai tukar mata uang asing, risiko             risk, foreign exchange rate risk, credit risk and
   kredit dan risiko likuiditas. Kepentingan untuk                  liquidity risk. The importance of managing these
   mengelola risiko ini telah meningkat secara                      risks has significantly increased in light of the
   signifikan dengan mempertimbangkan perubahan                     considerable change and volatility in both
   dan volatilitas pasar keuangan baik di Indonesia                 Indonesian and international financial markets. The
   maupun internasional. Direksi Grup menelaah dan                  Group’s Directors review and approve the policies
   menyetujui kebijakan untuk mengelola risiko yang                 for managing these risks which are summarized
   dirangkum di bawah ini:                                          below:

   Risiko tingkat suku bunga                                        Interest rate risk

   Risiko suku bunga atas nilai wajar dan arus kas                  Fair value and cash flow interest rate risk is the risk
   adalah risiko dimana nilai wajar atau arus kas di                that the fair value or future cash flows of a financial
   masa depan yang berfluktuasi karena perubahan                    instrument will fluctuate because of changes in
   tingkat suku bunga pasar. Grup terpengaruh risiko                market interest rates. The Group is exposed to the
   perubahan suku bunga pasar terutama terkait                      risk of changes in market interest rates relating
   dengan utang bank jangka pendek dengan suku                      primarily to its short-term bank loans. The Group
   mengambang. Grup mengelola risiko ini dengan                     manages this risk by entering into loan agreement
   melakukan pinjaman dari bank yang dapat                          with bank which gives lower interest rate than other
   memberikan tingkat suku bunga yang lebih rendah                  bank.
   dari bank lain.




                                                           157
Page 502
                                                                                   The original consolidated financial statements
                                                                                 included herein are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                          PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                             NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                         As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                                For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                              (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                         Unless Otherwise Stated)


37. MANAJEMEN RISIKO KEUANGAN (lanjutan)                           37. FINANCIAL RISK MANAGEMENT (continued)

   Risiko tingkat suku bunga (lanjutan)                                Interest rate risk (continued)

   Tabel berikut ini menunjukkan sensitivitas                          The following table demonstrates the sensitivity to a
   kemungkinan perubahan tingkat suku bunga                            reasonably change in interest rates on that portion
   pinjaman. Dengan asumsi variabel lain konstan,                      of loans. With all other variables held constant, the
   laba sebelum pajak penghasilan dipengaruhi oleh                     income before corporate income tax expense is
   tingkat suku bunga mengambang sebagai berikut:                      affected through the impact on floating rate loans
                                                                       are as follows:

                                              Kenaikan/                  Dampak
                                              penurunan               terhadap laba
                                                 dalam               sebelum beban
                                             satuan poin/          pajak penghasilan/
                                               Increase/            Effect on income
                                               decrease              before income
                                            in basis point            tax expenses

   31 Desember 2023                                                                                        December 31, 2023
      Rupiah                                           -100                (48.372.461 )                          Rupiah
      Rupiah                                           +100                 48.372.461                            Rupiah
     Ringgit Malaysia                                  -100                 (6.221.284 )                  Malaysian Ringgit
     Ringgit Malaysia                                  +100                  6.221.284                    Malaysian Ringgit

     Dolar Singapura                                   -100                 (5.906.509 )                   Singapore dollar
     Dolar Singapura                                   +100                  5.906.509                     Singapore dollar

     Dolar Amerika Serikat                             -100                   (250.933 )                United States dollar
     Dolar Amerika Serikat                             +100                    250.933                  United States dollar

   31 Desember 2022                                                                                        December 31, 2022
      Rupiah                                           -100                (38.138.505 )                          Rupiah
      Rupiah                                           +100                 38.138.505                            Rupiah
     Ringgit Malaysia                                  -100                 (1.161.136 )                  Malaysian Ringgit
     Ringgit Malaysia                                  +100                  1.161.136                    Malaysian Ringgit

     Dolar Singapura                                   -100                   (102.619 )                   Singapore dollar
     Dolar Singapura                                   +100                    102.619                     Singapore dollar

     Dolar Amerika Serikat                             -100                   (184.946 )                United States dollar
     Dolar Amerika Serikat                             +100                    184.946                  United States dollar

   Risiko nilai tukar mata uang asing                                  Foreign exchange rate risk

   Risiko nilai tukar mata uang asing adalah risiko nilai              Foreign exchange rate risk is the risk that the fair
   wajar atau arus kas di masa depan yang berfluktuasi                 value or future cash flows of a financial instrument
   karena perubahan kurs pertukaran mata uang                          will fluctuate because of changes in foreign
   asing. Grup terpengaruh risiko perubahan mata                       exchange rates. The Group’s exposure to exchange
   uang asing terutama berkaitan dengan kas dan                        rate fluctuations results primarily from cash and cash
   setara kas, piutang usaha, piutang lain-lain, utang                 equivalents, trade receivables, other receivables,
   usaha, utang lain-lain, utang bank jangka pendek                    trade payables, other payables, short-term and long-
   dan panjang, dan utang sewa pembiayaan dalam                        term bank loan, and finance lease payables
   mata uang dolar Amerika Serikat, Ringgit Malaysia,                  denominated in United States dollar, Malaysian
   dolar Singapura.                                                    Ringgit, and Singapore dollar.




                                                             158
Page 503
                                                                                The original consolidated financial statements
                                                                              included herein are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                       PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                          NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                             FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                      As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                             For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                           (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)


37. MANAJEMEN RISIKO KEUANGAN (lanjutan)                       37. FINANCIAL RISK MANAGEMENT (continued)
   Risiko nilai tukar mata uang asing (lanjutan)                    Foreign exchange rate risk (continued)

   Sebagai akibat transaksi yang dilakukan dengan                   As a result of transactions made with the buyer from
   pembeli dari luar negeri, laporan posisi keuangan                abroad, the financial position of the Group may be
   konsolidasian Grup dapat dipengaruhi secara                      affected significantly by changes in exchange rate
   signifikan oleh perubahan nilai tukar dolar Amerika              United      States      dollar/Rupiah,    Malaysian
   Serikat/Rupiah, Ringgit Malaysia/Rupiah, dan dolar               Ringgit/Rupiah, and Singapore dollar/Rupiah.
   Singapura/Rupiah. Saat ini, Grup tidak mempunyai                 Currently, the Group does not have any formal
   kebijakan formal lindung nilai transaksi dalam mata              hedging policy for foreign exchange exposure.
   uang asing.

   Aset dan liabilitas moneter Grup dalam mata uang                 Monetary assets and liabilities of the Group
   asing pada tanggal 31 Desember 2023 dan 2022                     denominated in foreign currencies as of
   disajikan dalam Catatan 34.                                      December 31, 2023 and 2022 are presented in
                                                                    Note 34.

   Tabel berikut ini menunjukkan sensitivitas                       The following table demonstrates the sensitivity to a
   kemungkinan perubahan tingkat perubahan Rupiah                   reasonably possible change in the Rupiah exchange
   terhadap dolar Amerika Serikat, Ringgit Malaysia,                rate against United States dollar, Malaysian Ringgit,
   dolar Singapura, Yuan China dan dolar Hong Kong                  Singapore dollar, Chinese Yuan and Hong Kong
   dengan asumsi variabel lain konstan, dampak                      dollar with all other variables held constant, the
   terhadap laba sebelum beban pajak penghasilan                    effect to the income before corporate income tax
   adalah sebagai berikut:                                          expense is as follows:
                                                                Dampak terhadap
                                           Perubahan              laba sebelum
                                           tingkat Rp/             beban pajak/
                                            Change in           Effect on income
                                             Rp rate           before tax expenses

    31 Desember 2023                                                                                   December 31, 2023
       Dolar Amerika Serikat                          2%                (23.686.964 )                 United States dollar
       Dolar Amerika Serikat                         -2%                 23.686.964                   United States dollar

       Ringgit Malaysia                               2%                (12.874.467 )                   Malaysian Ringgit
       Ringgit Malaysia                              -2%                 12.874.467                     Malaysian Ringgit

       Dolar Singapura                                2%                 14.000.591                       Singapore dollar
       Dolar Singapura                               -2%                (14.000.591 )                     Singapore dollar

       Yuan China                                     2%                   (385.169 )                       Chinese Yuan
       Yuan China                                    -2%                    385.169                         Chinese Yuan

       Dolar Hong Kong                                2%                     (3.266 )                    Hong Kong dollar
       Dolar Hong Kong                               -2%                      3.266                      Hong Kong dollar

    31 Desember 2022                                                                                   December 31, 2022
       Dolar Amerika Serikat                          2%                (14.322.729 )                 United States dollar
       Dolar Amerika Serikat                         -2%                 14.322.729                   United States dollar

       Ringgit Malaysia                               2%                 (5.994.961 )                   Malaysian Ringgit
       Ringgit Malaysia                              -2%                  5.994.961                     Malaysian Ringgit

       Dolar Singapura                                2%                  2.795.699                       Singapore dollar
       Dolar Singapura                               -2%                 (2.795.699 )                     Singapore dollar




                                                         159
Page 504
                                                                                  The original consolidated financial statements
                                                                                included herein are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                         PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                            NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                               FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                        As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                               For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                             (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


37. MANAJEMEN RISIKO KEUANGAN (lanjutan)                           37. FINANCIAL RISK MANAGEMENT (continued)

   Risiko kredit                                                      Credit risk

   Risiko kredit adalah risiko dimana pihak lawan                     Credit risk is the risk that a counterparty to a
   transaksi      gagal      memenuhi         kewajibannya            financial instrument will fail to discharge its
   berdasarkan         instrumen         keuangan      dan            obligation and will result in a financial loss to the
   menyebabkan kerugian keuangan. Grup terkena                        other party. The Group is exposed to credit risk
   risiko ini dari kredit yang diberikan kepada                       arising from the credit granted to its customers. The
   pelanggan. Grup hanya melakukan transaksi                          Group only trade with recognized and creditworthy
   dengan pihak-pihak yang diakui dan dapat                           parties. It is the Group’s policy that all customers
   dipercaya. Hal ini merupakan kebijakan Grup                        who wish to trade on credit terms are subject to
   dimana semua pelanggan yang akan melakukan                         credit verification procedures. In addition,
   pembelian secara kredit harus melalui prosedur                     receivable balances are monitored on an ongoing
   verifikasi kredit. Selain itu, posisi piutang pelanggan            basis to reduce the exposure to bad debts.
   dipantau secara terus-menerus untuk mengurangi
   kemungkinan piutang yang tidak tertagih.

   Selain dari pengungkapan di bawah ini, Grup tidak                  Other than as disclosed below, the Group has no
   memiliki konsentrasi risiko kredit.                                concentration of credit risk.

   Kas dan setara kas                                                 Cash and cash equivalents

   Risiko kredit atas penempatan rekening koran dan                   Credit risk arising from placements of current
   deposito dikelola oleh manajemen sesuai dengan                     accounts and deposits are managed in accordance
   kebijakan Grup. Investasi atas kelebihan dana                      with the the Group’s policy. Investments of surplus
   dibatas untuk tiap-tiap bank dan kebijakan ini                     fund are limited for each banks and reviewed
   dievaluasi setiap tahun oleh Direksi. Batas tersebut               annually by the Board of Directors. Such limites are
   diterapkan untuk meminimalkan risiko konsentrasi                   set to minimize the concentration of credit risk and
   kredit sehingga mengurangi kemungkinan kerugian                    therefore mitigate financial loss through potential
   akibat kebangkrutan bank-bank tersebut.                            failure of the banks.

   Piutang                                                            Accounts receivable

   Risiko kredit adalah risiko bahwa Grup akan                        Credit risk is the risk that the Group will incur a loss
   mengalami kerugian yang timbul dari pelanggan,                     arising from its customers, clients or counterparties
   klien atau pihak lawan yang gagal memenuhi                         that fail to discharge their contractual obligations.
   kewajiban kontraktual mereka. Tidak ada resiko                     There are no significant concentrations of credit risk.
   kredit yang terpusat secara signifikan. Grup                       The Group manage and control this credit risk by
   mengelola dan mengendalikan risiko kredit dengan                   setting limits on the amount of risk it is willing to
   menetapkan batasan jumlah risiko yang dapat                        accept for individual customers and by monitoring
   diterima untuk pelanggan individu dan memantau                     exposures in relation to such limits.
   eksposur terkait dengan batasan-batasan tersebut.

   Manajemen Grup menerapkan peninjauan secara                        The Group’s management applies periodically trade
   berkala pada umur piutang usaha dan penagihan                      receivables aging review and collection to eliminate
   untuk membatasi risiko kredit.                                     its credit risk.




                                                             160
Page 505
                                                                                                               The original consolidated financial statements
                                                                                                             included herein are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                                                   PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                                                          AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                                                      NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                                         FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                                                  As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                                                         For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                                                       (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                                                  Unless Otherwise Stated)


37. MANAJEMEN RISIKO KEUANGAN (lanjutan)                                                37. FINANCIAL RISK MANAGEMENT (continued)

   Risiko kredit (lanjutan)                                                                        Credit risk (continued)

   Tabel dibawah menunjukkan eksposur maksimum                                                     The table below summarize the maximum
   risiko kredit dari piutang usaha - pihak ketiga pada                                            exposure to credit risk for from trade receivables -
   tanggal 31 Desember 2023 dan 2022:                                                              third parties as of December 31, 2023 and 2022:
                                                             31 Desember/December 31

                                                               2023                           2022

   Belum jatuh tempo dan tidak
      mengalami penurunan nilai                            1.114.283.831                      878.602.570                           Neither past due nor impaired
   Telah jatuh tempo dan tidak
      mengalami penurunan nilai                              233.861.912                      174.073.937                                 Past due but nor impaired
   Mengalami penurunan nilai                                  36.133.678                       65.041.330                                                  Impaired

   Total                                                   1.384.279.421                 1.117.717.837                                                              Total

   Pada tanggal 31 Desember 2023 dan 2022, seluruh                                                 As of December 31, 2023 and 2022, all of the
   aset keuangan Grup diklasifikasikan sebagai aset                                                Group’s financial assets are classified as current
   lancar.                                                                                         assets.

   Risiko likuiditas                                                                               Liquidity risk

   Risiko likuiditas didefinisikan sebagai risiko saat                                             Liquidity risk is defined as the risk when the cash
   posisi arus kas Grup menunjukkan bahwa                                                          flow position of the Group indicates that the short-
   pendapatan jangka pendek tidak cukup menutupi                                                   term revenue is not enough to cover the short-term
   pengeluaran jangka pendek.                                                                      expenditure.

   Dalam pengelolaan risiko likuiditas, Grup                                                       In the management of liquidity risk, the Group
   mengawasi dan mempertahankan tingkat kas dan                                                    monitor and maintain a level of cash and cash
   setara kas yang dianggap memadai untuk                                                          equivalents deemed adequate to finance the
   membiayai operasi Grup dan untuk mengurangi                                                     Group’s operations and to mitigate the effects of
   dampak dari fluktuasi arus kas. Grup juga secara                                                fluctuation in cash flows. The Group also regularly
   teratur mengevaluasi proyeksi dan aktual arus kas                                               evaluates the projected and actual cash flows,
   dan terus-menerus memantau kondisi pasar                                                        including its long-term loan maturity profiles, and
   keuangan untuk mempertahankan fleksibilitas                                                     continuously assess conditions in the financial
   dalam penggalangan dana dengan berkomitmen                                                      markets to maintain flexibility in funding by keeping
   dengan fasilitas kredit tersedia.                                                               committed credit facilities available.

   Tabel di bawah merangkum profil jatuh tempo                                                     The table below summarizes the maturity profile of
   liabilitas keuangan   Grup  pada     tanggal                                                    the   Group’s     financial liabilities  as     of
   31 Desember 2023 dan 2022:                                                                      December 31, 2023 and 2022:
                                                                   31 Desember 2023/December 31, 2023

                                  Ditarik Sewaktu-waktu/   < 1 tahun/          1 - 5 tahun/             > 5 tahun/         Total/
                                        On Demand           < 1 year           1 - 5 years              > 5 years          Total

   Utang bank jangka pendek                          -      3.962.990.616                      -                     -    3.962.990.616               Short-term bank loans
   Utang usaha                           3.671.374.920                  -                      -                     -    3.671.374.920                      Trade payables
   Utang lain-lain                       1.404.285.698                  -                      -                     -    1.404.285.698                      Other payables
   Beban akrual                             72.188.677                  -                      -                     -       72.188.677                  Accrued expenses
   Liabilitas imbalan kerja                                                                                                                            Short-term employee
      jangka pendek                        58.935.090                   -                      -                     -      58.935.090                  benefits liabilities
   Utang jangka panjang                                                                                                                                     Long-term debts
      Utang bank jangka panjang                      -       484.171.137          658.946.252                        -    1.143.117.389             Long-term bank loans
      Liabilitas sewa                                -       427.948.374          499.721.441                        -      927.669.815                   Lease liabilities
      Utang obligasi                                 -                 -          554.581.893                        -      554.581.893                   Bonds payable
      Utang pembiayaan konsumen                      -            54.702                    -                        -           54.702         Consumer finance payable

   Total                                 5.206.784.385      4.875.164.829       1.713.249.586                        -   11.795.198.800                               Total




                                                                            161
Page 506
                                                                                                                The original consolidated financial statements
                                                                                                              included herein are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                                                   PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                                                          AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                                                      NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                                         FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                                                  As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                                                         For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                                                       (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                                                  Unless Otherwise Stated)


37. MANAJEMEN RISIKO KEUANGAN (lanjutan)                                                37. FINANCIAL RISK MANAGEMENT (continued)

   Tabel di bawah merangkum profil jatuh tempo                                                     The table below summarizes the maturity profile
   liabilitas keuangan Grup berdasarkan pembayaran                                                 of the Group’s financial liabilities based on
   kontrak pada tanggal 31 Desember 2023 dan 2022:                                                 contractual payments as of December 31, 2023
   (lanjutan)                                                                                      and 2022: (continued)
                                                                   31 Desember 2022/December 31, 2022

                                  Ditarik Sewaktu-waktu/   < 1 tahun/          1 - 5 tahun/              > 5 tahun/        Total/
                                        On Demand           < 1 year           1 - 5 years               > 5 years         Total

   Utang bank jangka pendek                          -      3.491.393.576                      -                      -   3.491.393.576         Short-term bank loans
   Utang usaha                           2.400.815.108                  -                      -                      -   2.400.815.108                Trade payables
   Utang lain-lain                       1.211.833.910                  -                      -                      -   1.211.833.910                Other payables
   Beban akrual                             82.584.569                  -                      -                      -      82.584.569            Accrued expenses
   Liabilitas imbalan kerja                                                                                                                      Short-term employee
      jangka pendek                        38.529.462                   -                      -                      -     38.529.462            benefits liabilities
   Utang jangka panjang                                                                                                                               Long-term debts
      Liabilitas sewa                                -       443.013.317          431.346.251                         -    874.359.568              Lease liabilities
      Utang bank jangka panjang                      -       285.477.902          181.849.144                         -    467.327.046        Long-term bank loans
      Utang pembiayaan konsumen                      -           138.179               47.974                         -        186.153    Consumer finance payable

   Total                                 3.733.763.049      4.220.022.974         613.243.369                         -   8.567.029.392                         Total




38. MANAJEMEN MODAL                                                                    38. CAPITAL MANAGEMENT

   Tujuan utama pengelolaan modal Grup adalah                                                      The primary objective of the Group’s capital
   untuk memastikan pemeliharaan rasio modal yang                                                  management is to ensure that it maintains healthy
   sehat untuk mendukung usaha, pemeringkat                                                        capital ratios in order to support its business, strong
   pinjaman yang kuat dan memaksimalkan imbalan                                                    credit ratings and maximize shareholder value.
   bagi pemegang saham.

   Grup tertentu disyaratkan untuk memelihara tingkat                                              The Company and certain subdiaries are required to
   permodalan tertentu oleh perjanjian pinjaman. Grup                                              maintain certain level of capital by loan agreement.
   telah memenuhi semua persyaratan modal yang                                                     The Group has complied with all externally imposed
   ditetapkan oleh pihak eksternal.                                                                capital requirements.

   Selain itu, Grup juga telah disyaratkan oleh Undang-                                            In addition, the Group is also required by the
   undang No. 40 tahun 2007 tentang Perseroan                                                      Corporate Law No. 40 Year 2007, effective
   Terbatas, efektif sejak tanggal 16 Agustus 2007,                                                August 16, 2007, to contribute to and maintain a
   untuk mengalokasikan sampai dengan 20% dari                                                     non-distributable reserve fund until the reserve
   modal saham diterbitkan dan dibayar penuh ke                                                    reaches 20% of the issued and fully paid share
   dalam dana cadangan yang tidak boleh                                                            capital. These externally imposed capital
   didistribusikan. Persyaratan permodalan eksternal                                               requirements are considered by the Group at the
   tersebut dipertimbangkan oleh Grup pada Rapat                                                   Annual General Shareholders’ Meeting.
   Umum Pemegang Saham.

   Grup mengelola struktur permodalan dan                                                          The Group manage its capital structure and make
   melakukan      penyesuaian,    bila   diperlukan,                                               adjustments to it, in light of changes in economic
   berdasarkan perubahan kondisi ekonomi. Untuk                                                    conditions. To maintain or adjust the capital
   memelihara      dan     menyesuaikan     struktur                                               structure, the Group may adjust the dividend
   permodalan,       Grup   dapat      menyesuaikan                                                payment to shareholders, issue new shares or raise
   pembayaran dividen kepada pemegang saham,                                                       debt financing. No changes were made in the
   menerbitkan saham baru atau mengusahakan                                                        objectives, policies or processes for the years ended
   pendanaan melalui pinjaman. Tidak ada perubahan                                                 December 31, 2023 and 2022.
   atas tujuan, kebijakan maupun proses untuk tahun
   yang berakhir tanggal-tanggal 31 Desember 2023
   dan 2022.




                                                                            162
Page 507
                                                                                  The original consolidated financial statements
                                                                                included herein are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                      PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                         NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                            FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                     As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                            For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                          (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                     Unless Otherwise Stated)


38. MANAJEMEN MODAL (lanjutan)                                  38. CAPITAL MANAGEMENT (continued)

   Grup memantau tingkat permodalan dengan                          The Group monitor the level of capital using financial
   menggunakan ukuran rasio keuangan seperti rasio                  ratio such as interest bearing debt to equity ratio of
   total utang yang berbeban bunga terhadap total                   the Company to not more than 2 (two) times as of
   ekuitas tidak lebih dari 2 (dua) kali pada tanggal               December 31, 2023 and 2022.
   31 Desember 2023 dan 2022.

   Pada tanggal 31 Desember 2023 dan 2022, rasio                    As of December 31, 2023 and 2022, the Group’s
   total utang yang berbeban bunga terhadap total                   interest bearing debt to equity ratio (unaudited) is as
   ekuitas (tidak diaudit) Grup adalah sebagai berikut:             follows:

                                              31 Desember/December 31

                                                2023              2022

   Utang bank jangka pendek                 3.962.990.616       3.491.393.576                          Short-term bank loans
   Utang lain-lain - pihak ketiga             414.428.809                   -                      Other payables - third party
   Bagian utang jangka panjang
      yang jatuh tempo dalam waktu
      satu tahun                              912.174.213         728.629.398             Current maturities of long-term debt
   Utang jangka panjang setelah
      dikurangi bagian yang jatuh
      tempo dalam satu tahun                1.713.249.586         613.243.369        Long-term debt - net of current maturities

   Total Utang yang Berbeban Bunga          7.002.843.224       4.833.266.343                    Total Interest Bearing Debt

   Total Ekuitas                            8.130.773.615       7.202.862.872                                     Total Equity

   Rasio Utang yang Berbeban Bunga                                                                 Interest Bearing Debt to
     terhadap Ekuitas (tidak diaudit)                  0,86              0,67                    Equity Ratio (unaudited)




39. TAMBAHAN INFORMASI ARUS KAS                                 39. SUPPLEMENTARY                    CASH            FLOWS
                                                                    INFORMATION

   Transaksi Non-kas                                                Non-cash Transactions

                                              Tahun yang Berakhir pada
                                                Tanggal 31 Desember/
                                              Year Ended December 31

                                                2023              2022

   Perolehan aset hak-guna                                                                   Acquisition of right-of-use assets
     melalui liabilitas sewa                  778.493.587         951.135.410                       through lease liabilities
   Reklasifikasi aset tetap ke                                                                   Reclassification of fixed asset
     uang muka                                 65.618.182                   -         to advance purchase of fixed assets
   Reklasifikasi uang muka pembelian                                                     Reclassification of advance purchase
     aset tetap ke aset tetap                  46.041.296         158.458.212               of fixed asset into fixed assets
   Penurunan nilai goodwill                     7.252.429             403.483                            Impairment of goodwill
   Pembalikan rugi penurunan nilai
     aset tetap                                 3.490.187           2.991.500           Reversal of impairment of fixed assets
   Pembelian aset tetap melalui                                                           Acquisitions of fixed assets through
     utang lain-lain                              205.826          12.035.064                                other payables
   Penurunan nilai investasi asosiasi                   -             594.300           Impairment in investment in associate
   Reklasifikasi uang muka pembelian                                                    Reclassification of advance purchase
     aset tak berwujud                                    -       124.720.381                          of intangible assets




                                                          163
Page 508
                                                                                                                             The original consolidated financial statements
                                                                                                                           included herein are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                                                           PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                                                                  AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                                                              NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                                                          As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                                                                 For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                                                               (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                                                          Unless Otherwise Stated)


39. TAMBAHAN INFORMASI ARUS KAS (lanjutan)                                                        39. SUPPLEMENTARY         CASH                                           FLOWS
                                                                                                      INFORMATION (continued)
   Perubahan pada liabilitas yang timbul dari aktivitas                                                  Changes in liabilities arising from financing
   pendanaan                                                                                             activities
                                                                   Tahun yang berakhir pada tanggal 31 Desember 2023/
                                                                             Year ended December 31, 2023
                                                                   Selisih Kurs
                                                                    Penjabaran
                                                                     Laporan
                                                                    Keuangan/                           Amortisasi
                                                                    Difference                             Biaya
                                                                 Foreign Currency                       Transaksi/
                              Saldo Awal/                         Translation of                       Amortisation
                               Beginning       Arus Kas/             Financial        Penambahan/     of Transaction        Beban Bunga/     Saldo Akhir/
                                Balance        Cash Flow            Statements         Additions           Cost            Interest expense Ending Balance

  Utang bank jangka pendek     3.491.393.576     458.881.675         (11.069.204)                 -         23.784.569                   -     3.962.990.616      Short-term bank loans
  Utang bank jangka panjang      467.327.046     676.951.847           (1.161.504 )               -                  -                   -     1.143.117.389       Long-term bank loans
  Utang obligasi                           -     585.581.750                    -                 -        (30.999.857 )                 -       554.581.893             Bonds payables
  Utang pembiayaan konsumen          186.153        (131.451 )                  -                 -                  -                   -            54.702 Consumer financing payables
  Liabilitas sewa                874.359.570    (761.346.439 )         (5.909.938 )     752.259.439                  -          68.307.183       927.669.815              Lease liabilities

                                                                   Tahun yang berakhir pada tanggal 31 Desember 2022/
                                                                             Year ended December 31, 2022
                                                                   Selisih Kurs
                                                                    Penjabaran
                                                                     Laporan
                                                                    Keuangan/                           Amortisasi
                                                                   Difference in                           Biaya
                                                                 Foreign Currency                       Transaksi/
                              Saldo Awal/                         Translation of                       Amortisation
                               Beginning       Arus Kas/             Financial        Penambahan/     of Transaction        Beban Bunga/     Saldo Akhir/
                                Balance        Cash Flow            Statements         Additions           Cost            Interest expense Ending Balance

  Utang bank jangka pendek     1.287.563.424   2.191.398.413           (4.263.982 )                           16.695.721                 -     3.491.393.576      Short-term bank loans
  Utang bank jangka panjang      357.518.226     108.958.036              850.784                 -                    -                 -       467.327.046       Long-term bank loans
  Utang pembiayaan konsumen          359.911        (169.057 )             (4.701 )               -                    -                 -           186.153 Consumer financing payables
  Liabilitas sewa                523.465.500    (659.209.387 )          8.350.572       951.135.410                    -        50.617.473       874.359.568              Lease liabilities




40. PERJANJIAN-PERJANJIAN SIGNIFIKAN                                                              40. SIGNIFICANT AGREEMENTS

    a.    Pada tanggal 1 Juli 2014, TAM melakukan                                                        a.       On July 1, 2014, TAM entered into a Sales and
          Perjanjian Penjualan dan Penyediaan dengan                                                              Supply Agreement with PT Samsung
          PT      Samsung       Electronics     Indonesia                                                         Electronics Indonesia (“Samsung”), whereby
          (“Samsung”), dimana TAM ditunjuk, secara non                                                            TAM was appointed, on a non-exclusive basis,
          eksklusif, untuk menjual produk Samsung di                                                              to sell Samsung’s Product in Indonesia. The
          Indonesia. Perjanjian diatas telah diperpanjang                                                         above       agreement     was     extended     in
          pada tanggal 26 Mei 2017. Perjanjian ini                                                                May 26, 2017. This agreement is valid for 1
          berlaku selama 1 (satu) tahun dan dapat                                                                 (one) year and will be automatically renewed
          diperpanjang secara otomatis, kecuali salah                                                             unless either party has given a written notice of
          satu pihak telah memberitahukan keinginan                                                               its intention not to renew the agreement at least
          untuk tidak memperbaharui perjanjian tersebut                                                           30 days prior the end of the term of agreement.
          melalui surat tertulis paling lambat 30 hari
          sebelum berakhirnya periode perjanjian.

    b.    Pada      tanggal    10    April    2014,    SES                                               b.       On April 10, 2014, SES entered into an
          menandatangani perjanjian kerjasama dengan                                                              agreement with Apple which replace both of the
          Apple menggantikan kedua perjanjian di atas,                                                            above agreements, whereby SES was
          dimana SES ditunjuk sebagai non eksklusif                                                               appointed as non-exclusive distributor in
          distributor di Indonesia. SES diperbolehkan                                                             Indonesia. SES allowed to sells Apple’s
          untuk menjual produk Apple ke Service                                                                   Products to Service Provider. The above
          Provider. Perjanjian diatas telah beberapa kali                                                         agreement has been extended several times,
          diperpanjang,      terakhir      pada     tanggal                                                       with the latest extension on May 5, 2023, which
          5 Mei 2023 dengan masa berlaku sampai                                                                   is valid until August 31, 2023.
          dengan 31 Agustus 2023.




                                                                                       164
Page 509
                                                                                   The original consolidated financial statements
                                                                                 included herein are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                      PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                         NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                            FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                     As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                            For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                          (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                     Unless Otherwise Stated)


40. PERJANJIAN-PERJANJIAN                 SIGNIFIKAN             40. SIGNIFICANT AGREEMENTS (continued)
    (lanjutan)

   c.   Pada tanggal 10 April 2014, Perusahaan                         c.   On April 10, 2014, the Company entered into
        menandatangani perjanjian Master Distributor                        Master Distributor agreement with Apple,
        dengan Apple, dimana perusahaan dapat                               whereby the Company was granted the right to
        membeli dan menjual produk Apple di                                 buy and sell Apple’s product in Indonesia.
        Indonesia. Apple menunjuk Perusahaan                                Apple appointed Company as a Master
        sebagai Master Distributor secara non eksklusif.                    Distributor with non-exclusive rights. The above
        Perjanjian di atas telah beberapa kali                              agreement has been extended several times,
        diperpanjang, terakhir pada tanggal 5 Mei 2023                      with the latest extension on May 5, 2023, which
        dengan masa berlaku sampai dengan                                   is valid until December 31, 2023.
        31 Desember 2023.

   d.   PT Erafone Artha Retailindo (“EAR”), entitas                   d.   PT Erafone Artha Retailindo (“EAR”), a
        anak, melakukan perjanjian-perjanjian dengan                        subsidiary, entered into agreements with
        PT Alfa Retailindo, PT Lotte Mart Indonesia,                        PT Alfa Retailindo, PT Lotte Mart Indonesia,
        PT Home Credit Indonesia, PT Gardena Graha,                         PT Home Credit Indonesia, PT Gardena
        PT Era Blu Elektronik, PT Lotte Shopping                            Graha, PT Era Blu Elektronik, PT Lotte
        Indonesia, PT Courts Retail Indonesia,                              Shopping Indonesia, PT Courts Retail
        PT Trans Retail Indonesia, PT Electronic City                       Indonesia, PT Trans Retail Indonesia,
        Indonesia, dan PT Matahari Putra Prima Tbk.                         PT Electronic City Indonesia, and PT Matahari
        Berdasarkan perjanjian-perjanjian tersebut,                         Putra Prima Tbk. Based on the agreements,
        EAR akan menyerahkan persediaan kepada                              EAR will provide merchandise inventories on
        perusahaan-perusahaan       tersebut    secara                      consignment basis to these companies based
        konsinyasi berdasarkan syarat dan ketentuan                         on the terms agreed in the contract. The
        tertentu sesuai dengan perjanjian. Perjanjian-                      agreements are valid from the date of
        perjanjian tersebut berlaku sejak tanggal                           agreement and will expire on various dates
        perjanjian dan akan berakhir pada beberapa                          within 2022 and 2023, unless terminated upon
        tanggal selama periode 2022 dan 2023, kecuali                       written agreement by both parties.
        diakhiri dengan perjanjian tertulis oleh kedua
        belah pihak.

   e.   Pada tanggal 25 Juli 2012, PT Data Citra                  e.        On July 25, 2012, PT Data Citra Mandiri
        Mandiri      (“DCM”),     entitas     anak,                         (“DCM”), a subsidiary, entered into an
        menandatangani perjanjian dengan Apple,                             agreements with Apple, whereby DCM was
        dimana DCM ditunjuk sebagai Authorized                              appointed as limited and non-exclusive
        Apple Reseller terbatas dan non eksklusif                           Authorized Apple Reseller to sell products and
        untuk menjual produk dan jasa di Indonesia.                         services in Indonesia. The above agreement
        Perjanjian diatas telah beberapa kali                               has been extended several times, with the
        diperpanjang,    terakhir  pada     tanggal                         latest extension on July 26, 2023, which is valid
        26 Juli 2023 dengan masa berlaku sampai                             until April 30, 2026.
        dengan 30 April 2026.

   a.   Pada tanggal 5 April 2017, Perusahaan                     f.        On April 5, 2017, the Company entered into
        menandatangani perjanjian dealership dengan                         dealership agreement with IFlight Technology
        IFlight Technology Co. Ltd. (“IFlight”), dimana                     Co. Ltd. (“IFlight”), whereby the Company was
        Perusahaan ditunjuk sebagai non-exclusive                           appointed as a non-exclusive dealer in
        dealer di Indonesia. Perjanjian diatas telah                        Indonesia. This agreement extended until
        diperpanjang dengan masa berlaku sampai                             October 1, 2024.
        dengan 1 Oktober 2024.




                                                           165
Page 510
                                                                                The original consolidated financial statements
                                                                              included herein are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                        PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                              FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                       As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                              For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                            (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


40. PERJANJIAN-PERJANJIAN                   SIGNIFIKAN             40. SIGNIFICANT AGREEMENTS (continued)
    (lanjutan)

   g.   Pada tanggal 6 Februari 2017, SES                           g.   On February 6, 2017, SES entered into
        menandatangani perjanjian distribusi dengan                      distribution agreement with Garmin Corporation
        Garmin Corporation (“Garmin”), dimana SES                        (“Garmin”), whereby SES was appointed as a
        ditunjuk sebagai distributor non-exclusive di                    non-exclusive distributor in Indonesia. This
        Indonesia. Perjanjian ini berlaku sampai                         agreement is valid until February 5, 2018, and
        tanggal 5 Februari 2018 dan otomatis                             will be automatically extended for 1 (one) year
        diperpanjang untuk periode 1 (satu) tahun,                       period, unless either party notifies the other in
        kecuali salah satu pihak memberitahukan                          written agreement not less than 3 (three)
        secara tertulis kepada pihak lain selambat-                      months prior to the end of the term of
        lambatnya 3 (tiga) bulan sebelum berakhirnya                     agreement. The above agreement is renewed
        jangka waktu perjanjian tersebut. Perjanjian                     on January 1, 2022.
        diatas terakhir diperbaharui pada tanggal
        1 Januari 2022.

   h.   Pada tanggal 28 Januari 2021, SES                           h.   On January 28, 2021, SES entered into
        menandatangani perjanjian distribusi dengan                      distribution agreement with PT Xiaomi
        PT Xiaomi        Communications Indonesia                        Communications Indonesia “Xiaomi”, whereby
        “Xiaomi”, dimana SES ditunjuk sebagai                            SES was appointed as a non-exclusive
        distributor   non-exclusive     di    Indonesia.                 distributor in Indonesia. This agreement is valid
        Perjanjian ini berlaku selama 1 (satu) tahun                     for 1 (one) year and will be automatically
        dan dapat diperpanjang secara otomatis,                          renewed unless either party has given a written
        kecuali salah satu pihak telah memberitahukan                    notice of its intention not to renew the
        keinginan     untuk    tidak    memperbaharui                    agreement at least 30 days prior the end of the
        perjanjian tersebut melalui surat tertulis paling                term of agreement.
        lambat 30 hari sebelum berakhirnya periode
        perjanjian.

   i.   Pada tanggal 1 April 2020, TAM dan NGA                      i.   On April 1, 2020, TAM and NGA entered into
        menandatangani perjanjian distribusi dan                         distribution and retailer agreement with TFS
        retailer dengan TFS Singapore Private Limited,                   Singapore Private Limited, whereby TAM was
        dimana TAM ditunjuk sebagai distributor dan                      appointed as a distributor and NGA was
        NGA ditunjuk sebagai retailer di Indonesia.                      appointed as a retailer in Indonesia. This
        Perjanjian ini berlaku 3 (tiga) tahun dari tanggal               agreement is valid for 3 (three) years from the
        perjanjian ini, kecuali salah satu pihak                         date hereof, unless either party notifies the other
        memberitahukan secara tertulis kepada pihak                      in written agreement not less than 30 (thirty)
        lain selambat-lambatnya 30 (tiga puluh) hari                     days prior to the end of the term of agreement.
        sebelum berakhirnya jangka waktu perjanjian
        tersebut.

   j.   Pada tanggal 19 June 2020, Perusahaan                       j.   On June 19, 2020, the Company entered into a
        melakukan      Perjanjian    Penjualan    dan                    Sales and Supply Agreement with PT Samsung
        Penyediaan dengan PT Samsung Electronics                         Electronics Indonesia (“Samsung”), whereby
        Indonesia (“Samsung”), dimana Perusahaan                         the Company was appointed, on a non-
        ditunjuk, secara non eksklusif, untuk menjual                    exclusive basis, to sell Samsung’s Product in
        produk Samsung di Indonesia. Perjanjian ini                      Indonesia.This agreement is valid for 1 (one)
        berlaku selama 1 (satu) tahun dan dapat                          year and will be automatically renewed unless
        diperpanjang secara otomatis, kecuali salah                      either party has given a written notice of its
        satu pihak telah memberitahukan keinginan                        intention not to renew the agreement at least
        untuk tidak memperbaharui perjanjian tersebut                    30 days prior the end of the term of agreement.
        melalui surat tertulis paling lambat 30 hari
        sebelum berakhirnya periode perjanjian.


                                                             166
Page 511
                                                                              The original consolidated financial statements
                                                                            included herein are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                      PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                         NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                            FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                     As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                            For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                          (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                     Unless Otherwise Stated)


40. PERJANJIAN-PERJANJIAN                 SIGNIFIKAN            40. SIGNIFICANT AGREEMENTS (continued)
    (lanjutan)

   k.   Pada tanggal 12 Oktober 2020, SES                         k.   On October 12, 2020, SES entered into a Sales
        melakukan       Perjanjian   Penjualan     dan                 and Supply Agreement with PT Samsung
        Penyediaan dengan PT Samsung Electronics                       Electronics Indonesia (“Samsung”), whereby
        Indonesia (“Samsung”), dimana SES ditunjuk,                    SES was appointed, on a non-exclusive basis,
        secara non eksklusif, untuk menjual produk                     to sell Samsung’s Product in Indonesia.This
        Samsung di Indonesia. Perjanjian ini berlaku                   agreement is valid for 1 (one) year and will be
        selama 1 (satu) tahun dan dapat diperpanjang                   automatically renewed unless either party has
        secara otomatis, kecuali salah satu pihak telah                given a written notice of its intention not to
        memberitahukan keinginan untuk tidak                           renew the agreement at least 30 days prior the
        memperbaharui perjanjian tersebut melalui                      end of the term of agreement.
        surat tertulis paling lambat 30 hari sebelum
        berakhirnya periode perjanjian.

   l.   Pada tanggal 1 Januari 2022, Perusahaan                   l.   On January 1, 2022, the Company signed a
        menandatangani perjanjian distribusi dengan                    cooperation agreement with Garmin Indonesia
        Garmin Indonesia Distribution, dimana                          Distribution, where the company is choosen as
        Perusahaan ditunjuk sebagai distributor non-                   non-exclusive distributor in Indonesia. The
        eksklusif di Indonesia. Perjanjian ini berlaku                 agreement is valid up until December 31, 2022.
        sampai tanggal 31 Desember 2022. Perjanjian                    The above agreement has been extended, most
        di atas telah diperpanjang, terakhir pada                      recently on July 1, 2023 with a validity period
        tanggal 1 Juli 2023 dengan masa berlaku                        until December 31, 2023 and automatically
        sampai dengan 31 Desember 2023 dan                             renewed unless either party has given a written
        otomatis diperpanjang untuk periode 1 (satu)                   notice of its intention not to renew the
        tahun,     kecuali    salah     satu     pihak                 agreement at least 30 days prior the end of the
        memberitahukan secara tertulis kepada pihak                    term of agreement.
        lain selambat-lambatnya 3 (tiga) bulan
        sebelum berakhirnya jangka waktu perjanjian
        tersebut.

   m. Pada tanggal 14 Desember 2021, Perusahaan                   m.   On December 14, 2021, the Company signed a
      menandatangani perjanjian kerjasama dengan                       cooperation agreement with PT Xiaomi
      PT Xiaomi Technology Indonesia (“Xiaomi”),                       Technology Indonesia ("Xiaomi"), in which the
      dimana     Perusahaan       dilibatkan   untuk                   Company is involved to promote and sell
      mempromosikan dan menjual produk milik                           Xiaomi's products. The above agreement has
      Xiaomi. Perjanjian di atas telah diperpanjang,                   been extended, most recently on June 1, 2022
      terakhir pada tanggal 1 Juni 2022 dengan                         with a validity period until May 31, 2023.
      masa berlaku sampai dengan 31 Mei 2023.




                                                          167
Page 512
                                                                             The original consolidated financial statements
                                                                           included herein are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                  PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                         AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                     NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                        FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                 As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                        For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                      (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                 Unless Otherwise Stated)


41. KEPENTINGAN           NONPENGENDALI      PADA           41. NON-CONTROLLING                    INTERESTS              IN
    ENTITAS ANAK                                                SUBSIDIARIES

   Rincian kepentingan nonpengendali pada entitas              The details of non-controlling interests in the
   anak yang dikonsolidasi adalah sebagai berikut:             respective consolidated subsidiaries are as
                                                               follows:

                                           31 Desember/December 31

                                            2023             2022

   PT Sinar Eka Selaras Tbk                296.977.502           584.873                       PT Sinar Eka Selaras Tbk
   CG Computers Sdn. Bhd.                  236.963.594       229.886.420                       CG Computers Sdn. Bhd.
   PT Mitra Belanja Anda                   138.992.844        87.046.112                           PT Mitra Belanja Anda
   Era Property Holding Pte. Ltd.           61.939.917        63.167.932                   Era Property Holding Pte. Ltd.
   Era Boga Patiserindo                     30.513.179        33.601.207                            Era Boga Patiserindo
   PT Era Kopi Anda                         14.029.153                 -                               PT Era Kopi Anda
   PT Surya Andra Medicalindo                9.597.431        12.484.796                     PT Surya Andra Medicalindo
   PT Prakarsa Prima Sentosa                 7.665.253         7.462.158                     PT Prakarsa Prima Sentosa
   PT Erafone Artha Retailindo               4.886.981         4.019.710                     PT Erafone Artha Retailindo
   Eraspace Pte Ltd                          4.654.628         5.681.024                               Eraspace Pte. Ltd.
   Era International Network Sdn. Bhd.       3.719.221         7.442.125             Era International Network Sdn. Bhd.
   PT Urogen Advanced Solutions              3.208.462         7.907.384                  PT Urogen Advanced Solutions
   Era International Network Pte Ltd         2.515.402           365.403              Era International Network Pte. Ltd.
   PT Era Boga Kari                          1.049.787                 -                                PT Era Boga Kari
   Erajaya Digital Retail Pte Ltd          (10.687.030)                -                   Erajaya Digital Retail Pte. Ltd.
   Lain-lain (masing-masing di
      bawah Rp1 miliar)                      1.346.222          828.114                  Others (below Rp1 billion each)

   Total                                   807.372.546       460.477.258                                             Total




42. PERISTIWA SETELAH TANGGAL PELAPORAN                     42. EVENTS AFTER REPORTING PERIOD

   ENB Mobile Malaysia Sdn. Bhd.                               ENB Mobile Malaysia Sdn. Bhd.

   Pada tanggal 9 Januari 2024, CG dan                         On January 9, 2024, CG and PT Biz Insight
   PT Biz Insight Indonesia melakukan setoran modal            Indonesia made another capital contribution to
   ke ENB Mobile Sdn. Bhd. di mana CG dan                      ENB Mobile Sdn. Bhd. where CG and
   PT Biz Insight Indonesia, masing-masing                     PT Biz Insight contributes MYR780,000 and
   berkontribusi sebesar RM780.000 dan RM520.000.              MYR520,000, respectively. After the share
   Setelah peningkatan modal tersebut, persentase              increase, CG ownership in Eraspace remains at
   kepemilikan CG pada Eraspace tetap sebesar                  60%.
   60%.

   PT Master Selam Nusantara (“MSL”)                           PT Master Selam Nusantara (“MSL”)

   Berdasarkan Pernyataan Keputusan Pemegang                   Based on Statement of Shareholders’ Decision
   Saham yang diaktakan dengan Akta Notaris Fandi              which was notarized by Notarial Deed No. 2 of
   Aryana, S.H., M.Kn., no 2 tertanggal 23 Januari             Fandi Aryana, S.H., M.Kn., dated on January 23,
   2024, para pemegang saham PT Master Selam                   2024, the shareholders of PT Master Selam
   Nusantara (“MSL”) menyetujui perubahan nama                 Nusantara (“MSL”) approved the change of
   MSL menjadi PT Era Aktif Distribusi.                        company name of MSL to PT Era Aktif Distribusi.




                                                      168
Page 513
                                                                              The original consolidated financial statements
                                                                            included herein are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                     PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                            AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                        NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                           FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                    As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                           For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                         (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                    Unless Otherwise Stated)


43. STANDAR    AKUNTANSI YANG TELAH                             43. ACCOUNTING STANDARDS ISSUED BUT NOT
    DITERBITKAN NAMUN BELUM BERLAKU                                 YET EFFECTIVE
    EFEKTIF

   Standar akuntansi yang telah diterbitkan sampai                The accounting standards that have been issued up
   tanggal penerbitan laporan keuangan konsolidasian              to the date of issuance of the Group’s consolidated
   Grup namun belum berlaku efektif diungkapkan                   financial statements, but not yet effective are
   berikut    ini.  Manajemen      bermaksud   untuk              disclosed below. The management intends to adopt
   menerapkan      standar-standar    tersebut  yang              these standards that are considered relevant to the
   dipertimbangkan relevan terhadap Grup pada saat                Group when they become effective, and the impact
   efektif, dan dampaknya terhadap posisi dan kinerja             to the consolidated financial position and
   keuangan konsolidasian Grup masih diestimasi pada              performance of the Group is still being estimated as
   tanggal 30 Maret 2024:                                         of March 30, 2024:

   Mulai efektif pada atau setelah tanggal 1 Januari              Effective beginning on or after January 1, 2024
   2024

   Pillar Standar Akuntansi Keuangan                              Financial Accounting Standards Pillars

   Standar ini memberikan persyaratan dan pedoman                 These standards provides requirements and
   bagi entitas untuk menerapkan standar akuntansi                guidelines for entities to apply the correct financial
   keuangan yang benar dalam menyusun laporan                     accounting standards in preparing general purpose
   keuangan bertujuan umum. Akan ada 4 (empat)                    financial statements. There will be 4 (four) financial
   standar akuntansi keuangan yang saat ini diterapkan            accounting standards that are currently applied in
   di Indonesia, yaitu:                                           Indonesia, namely:
   1. Pilar     1    Standar     Akuntansi  Keuangan               1. Pillar 1 International Financial Accounting
        Internasional,                                                 Standards,
   2. Pilar 2 Standar Akuntansi Keuangan Indonesia                 2. Pillar 2 Indonesian Financial Accounting
        (PSAK),                                                        Standards (PSAK),
   3. Pilar 3 Standar Akuntansi Keuangan Indonesia                 3. Pillar 3 Indonesian Financial Accounting
        untuk Entitas Swasta/Standar Akuntansi                         Standards for Private Entities/Indonesian
        Keuangan Indonesia untuk Entitas Tanpa                         Financial Accounting Standards for Entities
        Akuntabilitas Publik, dan                                      without Public Accountability, and
   4. Pilar 4 Standar Akuntansi Keuangan Indonesia                 4. Pillar 4 Indonesian Financial Accounting
        untuk Entitas Mikro Kecil dan Menengah.                        Standards for Micro Small and Medium Entities.

   Standar Akuntansi Keuangan Internasional                       International Financial Accounting Standard

   Standar ini merupakan adopsi penuh dari                        This standard is a full-adoption of International
   International Financial Reporting Standards (“IFRS”)           Financial Reporting Standards (“IFRS”) which is
   yang diterjemahkan kata demi kata dan tidak ada                translated in a word-for-word basis and there is no
   modifikasi dari Standar IFRS, termasuk tanggal                 modifications from IFRS Standards, including the
   efektifnya. Entitas yang memenuhi persyaratan dapat            effective date. Entities that meet the requirements
   menerapkan standar ini, sejak tanggal efektif.                 can apply this standard, from the effective date.




                                                          169
Page 514
                                                                            The original consolidated financial statements
                                                                          included herein are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                   PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                          AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                      NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                         FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                  As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                         For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                       (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                  Unless Otherwise Stated)


43. STANDAR       AKUNTANSI YANG TELAH                        43. ACCOUNTING STANDARDS ISSUED BUT NOT
    DITERBITKAN NAMUN BELUM BERLAKU                               YET EFFECTIVE (continued)
    EFEKTIF (lanjutan)

    Mulai efektif pada atau        setelah   tanggal            Effective beginning on or after January 1, 2024
    1 Januari 2024 (lanjutan)                                   (continued)

   Nomenklatur Standar Akuntansi Keuangan                       Financial Accounting Standards Nomenclature

   Standar ini ini mengatur penomoran baru untuk                This standard regulates the new numbering for
   standar akuntansi keuangan yang berlaku di                   financial accounting standards applicable in
   Indonesia yang diterbitkan oleh DSAK IAI.                    Indonesia issued by DSAK IAI.

   Amandemen ini menentukan persyaratan untuk                   The amendments specify the requirements for
   mengklasifikasikan suatu liabilitas sebagai jangka           classifying liabilities as current or non-current and
   pendek atau jangka panjang dan menjelaskan:                  clarify:
     hal yang dimaksud sebagai hak untuk                         what is meant by a right to defer settlement,
       menangguhkan pelunasan,
     hak untuk menangguhkan pelunasan harus ada                     the right to defer must exist at the end of the
       pada akhir periode pelaporan,                                 reporting period,
     klasifikasi tersebut tidak dipengaruhi oleh                   classification is not affected by the likelihood
       kemungkinan entitas akan menggunakan                          that an entity will exercise its deferral right, and
       haknya untuk menangguhkan liabilitas, dan
     hanya jika derivatif melekat pada liabilitas                  only if an embedded derivative in a convertible
       konversi tersebut adalah suatu instrumen                      liability is an equity instrument would the terms
       ekuitas, maka syarat dan ketentuan dari suatu                 and conditions of a liability will not impact its
       liabilitas konversi tidak akan berdampak pada                 classification.
       klasifikasinya.

   Selain itu, persyaratan telah diperkenalkan untuk            In addition, a requirement has been introduced to
   mewajibkan pengungkapan ketika suatu kewajiban               require disclosure when a liability arising from a loan
   timbul dari pinjaman perjanjian diklasifikasikan             agreement is classified as non-current and the
   sebagai tidak lancar dan hak entitas untuk menunda           entity’s right to defer settlement is contingent on
   penyelesaian bergantung pada kepatuhan terhadap              compliance with future covenants within twelve
   persyaratan di masa depan dalam waktu dua belas              months.
   bulan.

   Amendemen tersebut berlaku efektif untuk periode             The amendments are effective for annual reporting
   pelaporan tahunan yang dimulai pada atau setelah             periods beginning on or after January 1, 2024
   1 Januari 2024 secara retrospektif dengan                    retrospectively with early adoption permitted.
   penerapan dini diperkenankan.

   Grup saat ini sedang menilai dampak dari                     The Group is currently assessing the impact of the
   amandemen tersebut untuk menentukan dampaknya                amendment to determine the impact they will have
   terhadap pelaporan keuangan Grup.                            on the Group’s financial reporting.




                                                        170
Page 515
                                                                             The original consolidated financial statements
                                                                           included herein are in the Indonesian language.

        PT ERAJAYA SWASEMBADA Tbk                                     PT ERAJAYA SWASEMBADA Tbk
            DAN ENTITAS ANAKNYA                                            AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                        NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                           FINANCIAL STATEMENTS
         Tanggal 31 Desember 2023 dan                                    As of December 31, 2023 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                           For the Year Then Ended
        (Disajikan dalam Ribuan Rupiah,                         (Expressed in Thousands of Indonesian Rupiah,
              Kecuali Dinyatakan Lain)                                    Unless Otherwise Stated)


43. STANDAR       AKUNTANSI YANG TELAH                          43. ACCOUNTING STANDARDS ISSUED BUT NOT
    DITERBITKAN NAMUN BELUM BERLAKU                                 YET EFFECTIVE (continued)
    EFEKTIF (lanjutan)

    Mulai efektif pada atau          setelah    tanggal           Effective beginning on or after January 1, 2024
    1 Januari 2024 (lanjutan)                                     (continued)


   Amandemen PSAK 73: Liabilitas Sewa dalam Jual                  Amendment of PSAK 73: Lease liability in a Sale
   Beli dan Sewa-balik                                            and Leaseback

   Amandemen PSAK 73 Sewa menetapkan                              The amendment to PSAK 73 Leases specifies the
   persyaratan yang digunakan penjual-penyewa dalam               requirements that a seller-lessee uses in measuring
   mengukur kewajiban sewa yang timbul dalam                      the lease liability arising in a sale and leaseback
   transaksi jual beli dan sewa-balik, untuk memastikan           transaction, to ensure the seller-lessee does not
   penjual-penyewa tidak mengakui jumlah setiap                   recognise any amount of the gain or loss that relates
   keuntungan atau kerugian yang terkait dengan hak               to the right of use it retains.
   guna yang dipertahankan.

   Amandemen berlaku secara retrospektif untuk                    The amendment applies retrospectively to annual
   periode pelaporan tahunan yang dimulai pada atau               reporting periods beginning on or after
   setelah 1 Januari 2024. Penerapan dini                         January 1, 2024. Earlier application is permitted.
   diperkenankan.     Grup    saat     ini   sedang               The Group is currently assessing the impact of the
   menilai dampak dari amandemen tersebut untuk                   amendment to determine the impact they will have
   menentukan dampaknya       terhadap     pelaporan              on the Group’s financial reporting.
   keuangan Grup.

   Amandemen PSAK 2 dan PSAK 60: Pengaturan                       Amendment of PSAK 2 and PSAK 60: Supplier
   Pembiayaan Pemasok                                             Finance Arrangements

   Amandemen PSAK 2 dan PSAK 60 mengklarifikasi                   The amendments to PSAK 2 and PSAK 60 clarify
   karakteristik pengaturan pembiayaan pemasok dan                the characteristics of supplier finance arrangements
   mensyaratkan pengungkapan tambahan atas                        and require additional disclosure of such
   pengaturan      pembiayaan     pemasok       tersebut.         arrangements. The disclosure requirements in the
   Persyaratan pengungkapan dalam amandemen ini                   amendments are intended to assist users of
   dimaksudkan untuk membantu pengguna laporan                    financial statements in understanding the effects of
   keuangan dalam memahami dampak pengaturan                      supplier finance arrangements on an entity’s
   pembiayaan pemasok terhadap liabilitas, arus kas,              liabilities, cash flows and exposure to liquidity risk.
   dan eksposur terhadap risiko likuiditas suatu entitas.

   Amandemen ini akan berlaku efektif untuk periode               The amendments will be effective for annual
   pelaporan tahunan yang dimulai pada atau setelah               reporting periods beginning on or after
   1 Januari 2024. Penerapan dini diperkenankan,                  January 1, 2024. Early adoption is permitted, but will
   namun perlu diungkapkan. Amandemen tersebut                    need to be disclosed.The amendments are not
   diperkirakan tidak mempunyai dampak material                   expected to have a material impact on the Group’s
   terhadap laporan keuangan Grup.                                financial statements.




                                                          171
Page 516
 Halaman ini sengaja dikosongkan
This page is intentionally left blank
Page 517

          
Page 518
        l a p o r a n ta h u na n
        annual report




CREATING
Advantage




PT Erajaya Swasembada Tbk

Erajaya Plaza
Jl. Bandengan Selatan No. 19-20
Pekojan - Tambora, Jakarta Barat
11240, Indonesia
P +62 21 690 5788
F +62 21 690 5789


w w w . e r a j aya . c o m

File

File Open PDF
Source IDX
Size9.6 MB
Published30 Apr 2024
Pages518
Characters2,558,036
Text sourceEmbedded text layer
OCR confidence—

Names mentioned 255 people and organisations named in the text · linked when the evidence is strong

linked org Erajaya Digital Pte. Ltd. p.13 ×76
linked person Hasan Aula · President Director p.14 ×28
linked org PT Sinar Eka Selaras p.15 ×68
linked org Pantai Indah Kapuk p.16 ×4
linked person Richard Halim Kusuma · Komisaris p.31 ×26
linked person I Gusti Putu Suryawirawan · Komisaris Independen p.31 ×13
linked person Budiarto Halim · Direktur Utama p.34 ×35
linked person Keith Ardy Hady Wijaya · Direktur p.46 ×39
linked person Joy Wahjudi · President Director p.47 ×18
linked person Sintawati Halim · Direktur p.47 ×32
linked person Djohan Sutanto · Direktur p.47 ×20
linked person Sim Chee Ping · Direktur p.47 ×18
linked person Jong Woon Kim · Direktur p.47 ×16
linked org PT Eralink International p.58 ×3
linked org PT Data Citra Mandiri p.64 ×15
linked org Erafone Artha Retailindo p.64 ×29
linked org PT Era Boga Patiserindo. p.64 ×5
linked org PT MST GOLF Indonesia. p.65 ×10
linked org PT Era Gaya Indonesia. p.65 ×13
linked org PT Era Prima Indonesia p.65 ×27
linked org PT Teletama Artha Mandiri p.65 ×26
linked org PT Era Caring Indonesia. p.65 ×12
linked org Era Boga Nusantara p.67 ×12
linked org Erajaya Holding p.67 ×12
linked org PT Era Sukses Abadi p.67 ×15
linked person Khoe Minhari Handikusuma p.71
linked person Dadang Mulyana p.71
linked org Artha Graha p.75 ×2
linked org Fortune Indonesia. p.80 ×2
linked org Venturistic | Mobile Network p.81 ×5
linked org PT Era Prima Medika p.81 ×9
linked org PT Era Boga Pretzel. p.81 ×5
linked org PT Puspita Bisnispuri p.81 ×3
linked org PT Mandiri Sinergi Niaga p.82 ×7
linked org PT Era Maju Terus p.82 ×5
linked org PT Era Gaya Distribusi. p.82 ×7
linked org XL Axiata Tbk p.83 ×24
linked org Era Property Holding Pte. Ltd. p.84 ×4
linked org PT Trikomsel Oke p.85
linked org PT Era Kopi Anda p.104 ×5
linked org PT Mitra Belanja Halal p.106
possible org Erajaya Swasembada Tbk p.5 ×146
possible — Morgan Stanley p.13
possible org DBS Bank Ltd. p.13 ×3
possible org Otoritas Jasa Keuangan p.15 ×2
possible org Bursa Efek Indonesia p.15 ×5
possible person Elly · Direktur p.46 ×15
possible org Negara Republik Indonesia p.56 ×2
possible person Hendra Wijaya p.71
possible org PT Agung Sedayu p.75 ×3
possible org Krakatau Steel (Persero) Tbk p.78 ×5
possible org Erajaya Swasembada Swasembada Tbk p.80 ×4
possible org Eraspace Pte. Ltd. p.81 ×5
possible org PT Era Gaya Gaya Distribusi. p.82
possible org PT Prakarsa p.84
possible org PT Trikomsel p.85
possible person Djumadi · Komisaris p.172
unresolved — Lestari p.3
unresolved — SEOJK No. 16/SEOJK.04/2021: p.3
unresolved org Kementerian Koperasi dan UKM p.14
unresolved org Menteri Koperasi dan UKM Teten Masduki p.14
unresolved org Ministry of Cooperatives and SMEs p.14
unresolved org Minister of Cooperatives and SMEs Teten Masduki p.14
unresolved org Financial Services Authority p.15 ×2
unresolved org Indonesia Stock Exchange p.15 ×6
unresolved org PT Erablu Elektronik p.19 ×4
unresolved org PT Erajaya p.27 ×11
unresolved org Swasembada Tbk p.27 ×9
unresolved org Kementerian Investasi p.28
unresolved org Ministry of Investment p.28
unresolved org Koordinasi Penanaman Modal p.28
unresolved org PT Sinar p.28
unresolved org Bank Indonesia p.36 ×5
unresolved org Bank Indonesia’s p.36
unresolved person Mitchella Ardy Hady Wijaya · Direktur p.46 ×71
unresolved person Vice · Wakil Direktur Utama p.47 ×24
unresolved person Myra Yuwono · Notaris p.56 ×7
unresolved org Menteri Kehakiman p.56
unresolved person R.M. Dendy Soebangil · Notaris p.56 ×8
unresolved org PT E RA JAYA SWASEMBADA TB K p.58
unresolved org Computers Sdn Bhd. p.64
unresolved org CG Computers Sdn Bhd. p.64 ×6
unresolved org Era International Network Pte. Ltd. p.64 ×4
unresolved org International Network Pte. Ltd. p.64 ×2
unresolved org PT Mitra Internasional Indonesia. p.64
unresolved org PT Nusa Abadi Sukses Artha. p.64 ×10
unresolved org PT Nusa p.64 ×2
unresolved org PT Nusa Gemilang Abadi. p.64 ×4
unresolved org PT JDSports p.64 ×4
unresolved org PT JDSports Fashion Indonesia. p.64 ×3
unresolved org PT Era Active Indonesia. p.64
unresolved org PT Era Farma Indonesia. p.64 ×5
unresolved org PT Sinar Era Aktif. p.65 ×4
unresolved org PT Sinar Era Active. p.65
unresolved org PT Era Gaya Indonesia. B. DISTRIBUSI p.65
unresolved org PT Citra Anugrah p.65
unresolved org PT Sukses Abadi. p.65
unresolved org PT Multi Media Selular p.65 ×6
unresolved org PT Perkasa Prima Sentosa p.65 ×2
unresolved org PT Era Prima p.65 ×2
unresolved org PT Urogen p.65
unresolved org PT Urogen Advanced Solutions p.65
unresolved org PT JDSports Distribution. Distribution. p.65
unresolved org PT Surya Andra p.65 ×2
unresolved org PT Surya Medicalindo p.65
unresolved org PT Nusantara Prima Sukses p.65
unresolved org PT Nusantara Artha p.65
unresolved org PT Amtrust p.66
unresolved org PT Amtrust Mobile Mobile Solutions Indonesia. p.66
unresolved org PT Azec Indonesia Azec Indonesia Management Services p.66
unresolved org PT Data Tekno p.66 ×2
unresolved org PT Data Tekno Indotama. p.66 ×3
unresolved org PT Era Boga Nusantara Erajaya Plaza p.67
unresolved org Indonesia Erajaya Holding Pte Ltd p.67
unresolved org PT Indonesia Orisinil Teknologi p.67 ×2
unresolved org PT Azec Indonesia Management p.67 ×3
unresolved person Grup CFO · Direktur p.70
unresolved org PT Nusa Abadi Sukses p.74 ×3
unresolved org PT Nusa Abadi Artha p.74
unresolved org PT Multi Media Seluler p.74 ×4
unresolved org Bank Artha Graha International Tbk. p.75 ×4
unresolved org PT Elang Perdana p.75 ×2
unresolved org PT Kia Mobil p.75 ×3
unresolved org PT Kia Mobil Indonesia Indonesia p.75
unresolved org PT KIA Indonesia Motor p.76 ×4
unresolved org PT KIA Mobil Indonesia p.76 ×4
unresolved — Independensi · Komisaris Independen p.77
unresolved org Menteri Koordinator p.78
unresolved org Kementerian Koordinator p.78
unresolved org Kementerian Perindustrian · Direktur p.78
unresolved person Region I · Direktur p.78
unresolved org Menteri Perindustrian Bidang p.78
unresolved org Minister of Industry p.78
unresolved org Milik p.78
unresolved org PT Rekayasa Industri p.78 ×2
unresolved org PT Krakatau Engineering p.78
unresolved org Erajaya Digital Retail Pte. Ltd p.81 ×4
unresolved org Switch Malaysia Sdn. Bhd. p.81 ×4
unresolved org Eravest Holding Pte. Ltd. p.81 ×5
unresolved org Era Switch Malaysia Sdn. Bhd. p.81
unresolved org Era International Network International Network Pte. Ltd. p.81
unresolved org Switch Concept Sdn. Bhd. p.81 ×4
unresolved org Urban Republic Sdn. Bhd. p.81 ×4
unresolved org Erajaya Switch Concept Sdn. Bhd. p.81
unresolved org Techero Sdn. Bhd. p.81 ×4
unresolved org Erafone Retails Swasembada Pte. Ltd. p.81
unresolved org Malaysia Sdn. Bhd. p.81
unresolved org Venturistic Malaysia Sdn. Bhd. p.81
unresolved org Mobile Network Sdn.Bhd. p.81
unresolved org Era Tech Communication Pte. Mobile Network Sdn.Bhd. p.81
unresolved org Ltd. Ltd. p.81
unresolved org PT Mega Mulia Servindo p.81 ×2
unresolved org PT Indonesia Orisinil p.81
unresolved org PT Era Boga p.81 ×2
unresolved org PT JDSports Fashion p.81
unresolved org PT JDSports Fashion Distribution p.81 ×3
unresolved org PT Sushi Tei Indonesia p.81 ×2
unresolved org PT Mitra Internatioal Indonesia Distribusi p.81 ×2
unresolved org PT NASA Distribusi Indonesia p.81 ×6
unresolved org PT Jagad Utama Lestari p.81 ×5
unresolved org PT Mitra International Indonesia p.81 ×5
unresolved org PT Prakarsa Prima Sentosa p.81 ×6
unresolved org PT Era Gaya Indonesia. Sebelumnya · Direktur p.81
unresolved org PT Mobile World Indonesia p.81 ×2
unresolved org PT Multi Media p.81
unresolved org PT Erafone Dotcom · Direktur p.81 ×6
unresolved org PT Citra Anugrah Sukses Abadi. p.82 ×2
unresolved org PT Mandiri p.82 ×2
unresolved org PT Nusa Gemilang p.82
unresolved org PT Era Koipi Anda p.82 ×2
unresolved org PT Mitra International p.82 ×3
unresolved org PT MST Golf Distribution. p.82 ×2
unresolved org PT Erafone Dotcom. Selain p.82
unresolved org PT Nokia Mobile p.82
unresolved org PT Nokia Mobile Phones Indonesia p.82 ×4
unresolved org PT Nokia Mobile Phones Indonesia. Beliau p.82
unresolved org PT Era Blu Elektronik p.83 ×3
unresolved org PT Satera Manajemen p.83 ×2
unresolved org PT Satera Persada Indonesia. p.83
unresolved org PT MII Distribusi p.83 ×2
unresolved org PT Data Citra p.83
unresolved org Pte. Ltd. p.83 ×3
unresolved org Republic Sdn. Bhd. p.83
unresolved org Erafone Retails Malaysia Sdn. Bhd. p.83 ×2
unresolved org Era Tech Pte.Ltd. p.83
unresolved org Communication Pte.Ltd. p.83 ×2
unresolved org PT XL p.83
unresolved org GM Corporate Axiata Tbk p.83
unresolved org PT Mobile Selular Indonesia p.83
unresolved org PT Mobile Selular p.83
unresolved org PT Azec Indonesia Services p.84
unresolved org Erajaya Retail Pte. Ltd. p.84
unresolved org Era Tech Communication Pte.Ltd. p.84 ×3
unresolved org PT Mobile- p.84 ×2
unresolved person She · Komisaris p.84 ×2
unresolved org PT Era Boga Petiserindo p.85
unresolved org PT Sinar Aktif. p.85
unresolved — Sinar Era Aktif. Sebelumnya · Direktur p.85
unresolved org PT Panggung Electric p.85
unresolved org PT Panggung Electric Citrabuana Citrabuana p.85
unresolved org PT Boltech Device Protection Indonesia. p.86 ×2
unresolved org PT AZEC Indonesia Management Service Service p.86
unresolved org PT Satera Manajemen Persada Indonesia. p.87
unresolved org PT Satera p.87
unresolved org PT Erafone Artha Retailndo p.87 ×2
unresolved org PT Teletama Artha p.87
unresolved org PT Mitra Internasional Indonesia Distribusi p.87 ×2
unresolved org PT Nusa Abadi Sukses Artha Distribusi Indonesia. p.87
unresolved org PT Citra Kreasi Inovasi. p.87
unresolved org PT Citra Kreasi Inovasi. Sebelumnya p.87
unresolved org PT LG Electronics p.87
unresolved org PT LG Electronics Indonesia p.87
unresolved org Departemen Penjualan Domestik p.87
unresolved org PT Era Farma p.88
unresolved org PT Era Fit Indonesia p.88 ×2
unresolved org PT Era Caring Indonesia. Farma Medika. p.88
unresolved org PT Era Farma Medika. Memiliki p.88
unresolved org PT Sinar Eka p.90
unresolved org Selaras Tbk. p.90
unresolved person Keith p.91
unresolved person Ipar p.93
unresolved org PT Eralink Internasional p.96 ×3
unresolved person Rebecca Halim p.96 ×4
unresolved org PT Eralink International JUMLAH SAHAM TOTAL p.96
unresolved — Institusi p.97 ×3
unresolved — Institution p.97 ×3
unresolved org PT Eralink International Treasury Stock p.99
unresolved org PT Azec Indonesia p.101
unresolved org PT Prima Pesona Prakarsa p.102 ×3
unresolved org PT Citra Kreativa Inovasi p.102
unresolved org PT Urogen Advanced p.103
unresolved org Kepemilikan Tidak Langsung Melalui CG Computers Sdn. Bhd. p.103
unresolved org Indirect Ownership Through CG Computers Sdn. Bhd. p.103
unresolved org JKK Software Sdn. Bhd. p.103
unresolved org PT EraBoga Kari p.104
unresolved org Kepemilikan Tidak Langsung Melalui Erajaya Holding Pte. Ltd. p.104
unresolved org Indirect Ownership Through Erajaya Holding Pte. Ltd. p.104
unresolved org Kepemilikan Tidak Langsung Melalui Eraspace Pte. Ltd. p.104
unresolved org Indirect Ownership Through Eraspace Pte. Ltd. p.104
unresolved org PT Master Selam Nusantara p.105
unresolved org PT Mitra Internasional p.105
unresolved org Kepemilikan Tidak Langsung Melalui Erajaya Digital Pte. Ltd. p.106
unresolved org Indirect Ownership Through Erajaya Digital Pte. Ltd. p.106
unresolved org PT Perjuangan Anak Muda p.107 ×2
unresolved org Indo Ventures Sdn. Bhd. p.108 ×2
unresolved — Policy on p.166
unresolved — dipimpin oleh Bapak Lim Bing Tjay · Pimpinan Rapat p.169 ×8
unresolved org PT Raya Saham Registra p.169 ×2
unresolved person Soebangil p.169
unresolved — dipimpin oleh Bapak Andreas Harun Djumadi · Pimpinan Rapat p.172 ×33
unresolved org Menteri p.173
unresolved person Akta Berita Acara RUPST · Direktur Utama p.174
unresolved person Akta Pernyataan Keputusan RUPST · Direktur p.174
unresolved person Akta Berita Acara RUPSLB · Direktur p.174

Extraction attempts how the parser did, and what it refused

Nothing structured was extracted from this document — the attempts below say why.

No extraction attempted yet.

Other files in this announcement 2

↑↓ select ↵ open ⇧↵ see every result