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                                               INTEGRATED
                                               SERVICE
                                               SOLUTION

Perseroan melanjutkan penerapan prinsip        The Company continues to massively
keberlanjutan secara masif sebagai pijakan     implement sustainability principles as a
dan langkah strategis memperkuat kinerja       foothold and strategic step to strengthen
operasional dan keuangan. Di tahun 2023,       operational and financial performance.
Perseroan menggencarkan ketersediaan           In 2023, the Company will intensify the
produk ramah lingkungan kepada                 availability of environmentally friendly
pelanggan melalui kerja sama dengan            products to customers through collaboration
salah satu produsen Solar Panel, yaitu         with one of the Solar Panel manufacturers
menghadirkan display interaktif terkait        in order to provide interactive displays
penerapan sistem energi surya di salah         related to the application of solar energy
satu toko Perseroan, serta melanjutkan         systems at one of the Company’s stores,
kerja sama dengan perusahaan pengelola         and continuing cooperation with waste
limbah untuk mendirikan waste station.         management company to establish waste
Selain     itu,   Perseroan      melakukan     stations. In addition, the Company added
penambahan beberapa toko di lokasi             several stores in strategic locations, product
strategis, pengembangan produk, serta          development, and increased the use of the
meningkatkan penggunaan aplikasi ECI.ID        ECI.ID by Electronic City application. The
by Electronic City. Perseroan secara adaptif   Company adaptively combines services
memadukan layanan sesuai dengan                according to customer needs and desires,
kebutuhan dan keinginan pelanggan,             and provides an easy, safe, and reliable
serta memberikan pengalaman berbelanja         shopping experience. Going forward, the
yang mudah, aman, dan terpercaya.              Company is optimistic that it can achieve
Ke depannya, Perseroan optimis dapat           strategic growth by actively and agilely
menggapai pertumbuhan yang strategis           utilizing the best opportunities.
dengan aktif dan lincah memanfaatkan
peluang terbaik.
Page 3
    ULASAN KINERJA TAHUN 2023
    2023 PERFORMANCE REVIEW




    Kinerja Ekonomi                                                                                               Economic Performance

                  Pendapatan Bersih                                              Total Aset                           Total Ekuitas
                     Net Income                                                 Total Assets                           Total Equity


                    Rp2.469,28 miliar                                        Rp1.697,13 miliar                      Rp1.172,37 miliar
                    Rp2.469,28 billion                                       Rp1.697,13 billion                     Rp1.172,37 billion




    Kinerja Sosial                                                                                                     Social Performance

                   Tenaga Kerja Lokal                                         Pemasok Lokal               Peserta Pengembangan Kompetensi
                    Local Workforce                                           Local Suppliers             Competency Development Participants


                                                                                35 Pemasok                             2.871 orang
                         100,00%
                                                                                35 Suppliers                           2,871 person




    Kinerja Lingkungan                                                                                     Environmental Performance

                    Penghematan Air                                         Pemakaian Listrik                 Biaya Investasi Lingkungan
                     Water Savings                                           Electricity Usage              Environmental Investment Costs


         Melakukan sosialisasi hemat air dan
         pengecekan kran air secara berkala.                                8.384,83 Gigajoule                         Rp6.000.000
           Socialize water saving and check
                   faucets regularly.




                                                                       Pengelolaan Toko yang                 Mengelola Limbah dengan
                  Pengendalian Emisi                                    Ramah Lingkungan
                   Emission Control                                                                             Bertanggung Jawab
                                                                         Eco-Friendly Store                  Managing Waste Responsibly
                                                                           Management


                                                                                                             Melakukan pengelolaan limbah
                                                                                                           bekerja sama dengan pihak ketiga
                                                                                                           yang terakreditasi serta melakukan
         Menggunakan jenis lampu LED dan                          Mengurangi penggunaan plastik,
                                                                                                              pengujian kualitas air limbah
         kendaraan operasional yang hemat                            kertas, serta memaksimalkan
                                                                                                             drainase secara berkala setiap 3
                      bahan bakar.                                  penggunaan dokumen digital.
                                                                                                                       bulan sekali.
         Using LED light types and operational                    Reduce the use of plastic, paper, and
                                                                                                             Conduct waste management by
             vehicles that are fuel-efficient.                   maximize the use of digital documents.
                                                                                                            collaborating with accredited third
                                                                                                             parties and conducting periodic
                                                                                                           drainage wastewater quality testing
                                                                                                                     every 3 months.




2   PT Electronic City Indonesia Tbk - Laporan Tahunan dan Laporan Keberlanjutan 2023
Page 4
                           SANGGAHAN DAN BATASAN TANGGUNG JAWAB
                                                        DISCLAIMER AND LIMITATION OF LIABILITY


Laporan Tahunan 2023 PT Electronic City Indonesia             2023 Annual Report of PT Electronic City Indonesia Tbk
Tbk (disebut selanjutnya sebagai Perseroan atau               (hereinafter referred to as Perseroan or the Company)
Perusahaan) telah disusun berdasarkan ketentuan               is prepared based on the Financial Services Authority
Peraturan Otoritas Jasa Keuangan No. 29/POJK.04/2016          Regulation No. 29/POJK.04/2016 concerning the Annual
yang mengatur Laporan Tahunan Emiten atau                     Report of Issuers or Public Companies and the Financial
Perusahaan Publik, serta Peraturan Otoritas Jasa              Services Authority Regulation No. 51/POJK.03/2017
Keuangan No. 51/POJK.03/2017 yang berkaitan dengan            concerning the Implementation of Sustainable Finance
penerapan Keuangan Berkelanjutan bagi Lembaga Jasa            for Financial Services Institutions, Issuers, and Public
Keuangan, Emiten, dan Perusahaan Publik. Isi laporan          Companies. The content of this report is in accordance with
ini sesuai dengan pedoman yang terdapat dalam Surat           the Circular Letter of the Financial Services Authority No. 16
Edaran Otoritas Jasa Keuangan No. 16/SEOJK.04/2021            / SEOJK.04 / 2021 concerning the Form and Content of the
mengenai format dan isi Laporan Tahunan Emiten atau           Annual Report of the Issuer or Public Company.
Perusahaan Publik.

Dalam laporan ini, terdapat informasi yang mencakup           This report contains information related to sustainability
prinsip-prinsip keberlanjutan yang diintegrasikan dalam       principles in all aspects of the business carried out as well
seluruh aspek bisnis yang dijalankan oleh Perseroan,          as the Company’s economic, social and environmental
serta kinerja ekonomi, sosial, dan lingkungan yang            performance during the period January 1, 2023 to
dicapai oleh perusahaan selama periode dari 1 Januari         December 31, 2023, accompanied by a comparison of the
2023 hingga 31 Desember 2023. Laporan ini juga berisi         performance of previous years. In addition, this Annual
perbandingan kinerja dengan tahun-tahun sebelumnya.           Report also presents information related to the Companys
Selain itu, dalam Laporan Tahunan ini, terdapat               projected work in the following year which is prepared
informasi terkait rencana kerja Perseroan untuk tahun         based on prospective statements and various assumptions
berikutnya. Rencana ini disusun berdasarkan pernyataan        regarding the Company’s future conditions, as well as the
prospektif dan berbagai asumsi tentang kondisi masa           related business environment, so as to result in actual
depan Perseroan, serta faktor-faktor yang berkaitan           developments materially different from those reported.
dengan lingkungan bisnis. Namun, perlu diingat bahwa          Therefore, the Company urges stakeholders to use this
perkembangan aktual bisa jauh berbeda dari apa                information wisely in decision making.
yang telah dilaporkan dalam rencana tersebut. Oleh
karena itu, Perseroan mengingatkan para pemangku
kepentingan untuk bijak dalam menggunakan informasi
ini dalam pengambilan keputusan.

Informasi lebih lanjut terkait laporan ini dan isinya dapat   Further information regarding this report and the content
ditemukan melalui sumber yang disediakan:                     therein can be obtained through:

Sekretaris Perusahaan                                         Corporate Secretary
Widi Satya Chitra                                             Widi Satya Chitra

Sudirman Central Business District (SCBD),                    Sudirman Central Business District (SCBD),
Jl. Jend. Sudirman Kav 52-53, Lot 22                          Jl. Jend. Sudirman Kav 52-53, Lot 22
Jakarta Selatan                                               South Jakarta
12190, Indonesia                                              12190, Indonesia

Telpon		: (021) 515 1177                                      Phone          : (021) 515 1177
Faksimili : (021) 515 5919/20                                 Facsimile      : (021) 515 5919/20
E-mail 		: corporate.secretary@electronic-city.co.id          E-mail         : corporate.secretary@electronic-city.co.id
Situs web : www.corp.electronic-city.com atau 		              Website        : www.corp.electronic-city.com or		
		 www.eci.id                                                                  www.eci.id




                                                                 PT Electronic City Indonesia Tbk - 2023 Annual Report and Sustainability Report   3
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    PENENTUAN ISI DAN TOPIK MATERIAL
    DETERMINATION OF MATERIAL CONTENT AND TOPICS


    Pelibatan Pemangku Kepentingan POJK51.E4                                                  Stakeholder Engagement
    Dalam menerapkan prinsip keberlanjutan, Perseroan                                         In implementing sustainability principles, the Company
    melibatkan pemangku kepentingan, baik internal ataupun                                    involves stakeholders, both internal and external, to
    eksternal untuk mengetahui kebutuhan pemangku                                             find out the needs of stakeholders for the Company and
    kepentingan terhadap Perseroan serta menerima usulan                                      receive proposals and recommendations related to the
    dan rekomendasi terkait penerapan prinsip keberlanjutan                                   implementation of sustainability principles that must be
    yang harus dilakukan oleh perusahaan agar senantiasa                                      carried out by the company in order to always provide good
    memberikan nilai dan manfaat yang baik.                                                   value and benefits.

    Pengelompokkan pemangku kepentingan tersebut                                              The stakeholder grouping is guided by the AA1000
    berpedoman pada AA1000 Stakeholder Engagement                                             Stakeholder Engagement Standard (SES) 2015, which is a
    Standard (SES) 2015, yakni standar yang dijadikan dalam                                   standard used in the process of identifying and grouping
    proses identifikasi dan pengelompokkan pemangku                                           stakeholders consisting of 5 components, such as influence,
    kepentingan yang terdiri 5 komponen, yaitu pengaruh,                                      dependence, responsibility, attention and perspective. The
    ketergantungan, tanggung jawab, perhatian dan                                             results of stakeholder identification and their needs are
    perspektif. Hasil identifikasi pemangku kepentingan dan                                   outlined as follows.
    kebutuhannya diuraikan sebagai berikut.



        Kelompok                                                                                Respon terhadap Kebutuhan                  Metode Pelibatan dan
        Pemangku                                           Kebutuhan Pemangku
                             Dasar Pemilihan                                                      Pemangku Kepentingan                     Frekuensi Pelaksanaan
       Kepentingan                                              Kepentingan
                                 Basis of                                                           Response to Needs                     Engagement Method and
        Stakeholder                                          Stakeholder Needs
                                Selection                                                              Stakeholders                      Implementation Frequency
      Groups Interests                                            Interests


     Pemegang              • Pengaruh;              • Peningkatan nilai saham;                 • Menyusun                  strategi   • Pelaksanaan       RUPS     dan
     Saham                 • Tanggung               • Pengembangan bisnis baru;                  peningkatan kinerja ekonomi            paparan publik;
     Shareholder             jawab; dan             • Keberlanjutan usaha;                       dan keberlanjutan usaha; serta       • Penyampaian            Laporan
                           • Perspektif.            • Terjaganya hubungan investor;            • Menerapkan prinsip-prinsip             Keuangan kuartalan dan
                           • Influence;             • Tersedianya       informasi      aksi      tata kelola dengan baik.               tahunan;
                           • Responsibility;          perusahaan, pencapaian kinerja,          • Develop strategies for improving     • Pelaksanaan           meeting
                             and                      dan prospek usaha; serta                   economic performance and               investor; serta
                           • Perspective.           • Peningkatan nilai saham dan                business sustainability; and         • Penyampaian          informasi
                                                      pembagian dividen.                       • Apply the principles of good           termutakhir melalui situs
                                                    • Increase in the value of shares;           governance.                            web, Laporan Tahunan, Rapat
                                                    • New business development;                                                         Umum Pemegang Saham
                                                    • Business sustainability;                                                          (RUPS), dan company visit.
                                                    • Maintained investor relations;                                                  • Implementation of GMS and
                                                    • Availability of information on                                                    public expose;
                                                      company actions, performance                                                    • Submission of quarterly and
                                                      achievements, and business                                                        annual financial reports;
                                                      prospects; and                                                                  • Implementation of investor
                                                    • Increase in the value of shares and                                               meetings; and
                                                      distribution of dividends.                                                      • Submission of the latest
                                                                                                                                        information     through     the
                                                                                                                                        website, Annual Report, General
                                                                                                                                        Meeting of Shareholders (GMS),
                                                                                                                                        and company visit.

     Otoritas Jasa         • Tanggung               • Pemenuhan peraturan dan                  • Memenuhi kewajiban pajak             • Penyampaian           Laporan
     Keuangan, Bursa         jawab; dan               ketentuan        yang      berlaku,        dan retribusi daerah;                  Tahunan dan laporan lainnya
     Efek Indonesia,       • Pengaruh.                termasuk       terkait   perizinan       • Membuat laporan terkait                setiap triwulan maupun
     dan Pemerintah        • Responsibility;          pembangunan toko;                          segala perizinan; dan                  tahunan;
     Financial Services      and                    • Penyampaian laporan secara               • Membuat laporan berkala              • Pembayaran dan pelaporan
     Authority,            • Influence.               berkala; serta                             kepada Bursa Efek Indonesia            pajak dan PNBP untuk periode
     Indonesia Stock                                • Pembayaran              kewajiban          berkaitan tentang informasi            bulanan ataupun tahunan;
     Exchange, and                                    perpajakan dan Penerimaan                  material atau laporan registrasi       dan
     Government                                       Negara Bukan Pajak (PNBP).                 bulanan.                             • Penyampaian           Laporan  
                                                    • Fulfillment of applicable rules and      • Meet local tax and levy                Bulanan Registrasi Pemegang
                                                      regulations, including related to          obligations;                           Efek, Laporan Kepemilikan
                                                      store construction permits;              • Make reports regarding all             Saham, dan laporan lainnya.
                                                    • Submission of reports on a regular         permits;                             • Submission of Annual Reports
                                                      basis; and                               • Make periodic reports to the           and other reports quarterly or
                                                    • Payment of tax obligations and             Indonesia Stock Exchange               annually;
                                                      non-tax state revenues (PNBP).             regarding material information       • Payment and reporting of taxes
                                                                                                 or monthly registration reports.       and PNBP for a monthly or
                                                                                                                                        annual period; dan
                                                                                                                                      • Submission      of    Monthly
                                                                                                                                        Report on Registration of
                                                                                                                                        Shareholders, Report on Share
                                                                                                                                        Ownership, and other reports.




4   PT Electronic City Indonesia Tbk - Laporan Tahunan dan Laporan Keberlanjutan 2023
Page 6
  Kelompok
                                                 Kebutuhan Pemangku                   Respon terhadap Kebutuhan                    Metode Pelibatan dan
  Pemangku          Dasar Pemilihan
                                                      Kepentingan                       Pemangku Kepentingan                       Frekuensi Pelaksanaan
 Kepentingan            Basis of
                                                   Stakeholder Needs                      Response to Needs                       Engagement Method and
  Stakeholder          Selection
                                                        Interests                            Stakeholders                        Implementation Frequency
Groups Interests

Pemasok            •  Ketergantungan;      • Ketepatan waktu pembayaran;            • Melaksanakan payment request             • Pertemuan             dengan
Supplier              dan                  • Pemenuhan kontrak kerja; serta           schedule sebanyak 2 kali dalam             pemasok sesuai kebutuhan;
                   • Tanggung jawab.       • Purchase Order (PO) dengan term          sebulan;                                   serta
                   • Dependency; and         of condition yang disepakati.          • Menerbitkan perjanjian/ kontrak          • Penyediaan             sarana
                   • Responsibility        • Timeliness of payment;                   kerja, laporan progres kerja, dan          pengaduan bagi pemasok.
                                           • Fulfillment     of    employment         berita acara; serta                      • Meetings with suppliers as
                                             contracts; and                         • Menerbitkan PO tepat waktu.                needed; and
                                           • Purchase Order (PO) with the           • Carry out payment request schedule       • Provision of means of
                                             agreed term of condition.                2 times a month;                           complaint for suppliers.
                                                                                    • Publish employment agreements/
                                                                                      contracts, work progress reports,
                                                                                      and minutes; and
                                                                                    • Publish POs on time.

Pelanggan          • Ketergantungan;       • Ketersediaan informasi produk          • Melakukan           pemutakhiran         Menyediakan           sarana
Customer           • Tanggung jawab;         dan layanan;                             informasi pada situs web dan             pengaduan bagi pelanggan.
                     dan                   • Keamanan dan kenyamanan;                 menyediakan informasi secara             Providing a complaint facility
                   • Perhatian.            • Pelayanan yang memuaskan;                lengkap melalui customer care;           for customers.
                   • Dependency;           • Keamanan data dan informasi;           • Mengidentifikasi      e-commerce
                   • Responsibility; and   • Kualitas produk dan layanan              untuk memberikan kemudahan
                   • Attention.              terjaga; serta                           kepada       pelanggan      dalam
                                           • Penyelesaian yang memuaskan.             berbelanja secara online; dan
                                           • Service information;                   • Meningkatkan program E-Cityzen.
                                           • Safety and comfort;                    • Update information on the website
                                           • Satisfactory service;                    and provide complete information
                                           • Data and information security;           through customer care;
                                           • The quality of products and services   • Intensifying e-commerce to provide
                                             is maintained; and                       convenience to customers in
                                           • Satisfactory resolution of customer      shopping online; and
                                             complaints.                            • Improving the E-Cityzen program.

Karyawan           • Tanggung jawab;       • Kesejahteraan karyawan dan             • Menyusun peraturan perusahaan            • Pelaksanaan         gathering
Employee           • Perhatian;              remunerasi yang layak;                   terkait ketenagakerjaan;                   karyawan setiap setahun
                   • Pengaruh; dan         • Penghargaan dan sanksi;                • Memberikan upah yang sesuai                sekali;
                   • Ketergantungan.       • Pengembangan kompetensi;                 dengan      Minimum        Regional      • Penyediaan             sarana
                   • Responsibility;       • Sarana pengaduan keluhan                 (UMR);                                     pengaduan karyawan; serta
                   • Attention;              karyawan;                              • Mengikutsertakan          karyawan       • Penyelenggaraan pelatihan
                   • Influence; and        • Kejelasan hak dan kewajiban;             dalam asuransi, melaksanakan               atau      seminar       untuk
                   • Dependency            • Terjaminnya              keamanan,       gathering, menyediakan fasilitas           karyawan.
                                             kesehatan, dan keselamatan               olahraga dan ibadah, serta               • Implementation of employee
                                             kerja; serta                             memberikan cuti tahunan dan                gatherings once a year;
                                           • Pemberian kesempatan untuk               cuti normatif;                           • Provision of means of
                                             berkumpul dan menyampaikan             • Memberikan             kesempatan          employee complaints; and
                                             pendapat.                                yang setara kepada seluruh               • Organizing     training    or
                                           • Employee welfare and decent              karyawan untuk pengembangan                seminars for employees.
                                             remuneration;                            kompetensi dan karier; serta
                                           • Awards and sanctions;                  • Membentuk forum dan sarana
                                           • Competency development;                  komunikasi antara manajemen
                                           • Means of complaint of employee           dan karyawan.
                                             complaints;                            • Drafting Company Regulations
                                           • Clarity of rights and obligations;       related to employment;
                                           • Equality and fairness in labor         • Providing wages in accordance with
                                             practice;                                regional minimums (UMRs);
                                           • Ensuring occupational security,        • Include employees in insurance,
                                             health, and safety; and                  carry out gatherings, provide sports
                                           • Providing opportunities to gather        and worship facilities, and provide
                                             and express opinions.                    annual leave and normative leave;
                                                                                    • Providing equal opportunities to
                                                                                      all employees for competency and
                                                                                      career development; and
                                                                                    • Establish forums and means
                                                                                      of     communication       between
                                                                                      Management and employees.

Media              Tanggung jawab.         • Tersedianya              informasi     • Memutakhirkan situs web, serta           • Menyediakan sarana akses
Media              Responsibilities.         termutakhir;                             memenuhi permintaan informasi              informasi; serta
                                           • Terjaganya      hubungan      baik       media;                                   • Melaksanakan press release/
                                             dengan media; serta                    • Melaksanakan paparan publik;               conference dan paparan
                                           • Beriklan di media terkait.               serta                                      publik.
                                           • Availability      of    up-to-date     • Mengalokasikan anggaran untuk            • Providing means of access to
                                             information;                             beriklan di media lokal terpilih.          information; as well as
                                           • Maintained good relations with the     • Upgrading the website, as well           • Carrying out press releases/
                                             media; and                               as fulfilling media information            conferences     and     public
                                           • Advertising in related media.            requests;                                  exposure.
                                                                                    • Carrying out public exposure; and
                                                                                    • Allocate a budget for advertising on
                                                                                      selected local media.

Masyarakat         • Tanggung jawab;       • Peningkatan        taraf     hidup     • Memberikan               kesempatan      Menyediakan           sarana
Community          • Ketergantungan;         masyarakat;                              magang serta memperkerjakan              pengaduan masyarakat.
                   • Perhatian; dan        • Penyerapan tenaga kerja lokal;           masyarakat lokal; dan                    Providing a means for public
                   • Perspektif.             serta                                  • Melaksanakan program CSR.                complaints.
                   • Responsibility;       • Bantuan tanggung jawab sosial          • Providing internship opportunities
                   • Dependency;             perusahaan (Corporate Social             as well as hiring local communities;
                   • Attention; and          Responsibility/CSR).                     and
                   • Perspective.          • Improving       people’s      living   • Implement CSR programs.
                                             standards;
                                           • Absorption of local labor; and
                                           • Corporate Social Responsibility
                                             (CSR) assistance.




                                                                                      PT Electronic City Indonesia Tbk - 2023 Annual Report and Sustainability Report   5
Page 7
    Penentuan Topik Material                                                             Material Topic Determination
    Penentukan     topik    material     didasarkan      pada                            The determination of material topics is based on grouping
    pengelompokkan pemangku kepentingan serta                                            stakeholders and their needs. From the results of the
    kebutuhannya. Dari hasil identifikasi tersebut, Perseroan                            identification, the Company can see what important things
    dapat melihat hal-hal penting apa yang menjadi fokus                                 are the main focus for the company and stakeholders,
    utama bagi perusahaan dan pemangku kepentingan,                                      so that it becomes a material topic in the application of
    sehingga menjadi topik material dalam penerapan prinsip                              sustainability principles.
    keberlanjutan.

    Pada tahun 2023, topik material Perseroan tidak                                      In 2023, the Company’s material topics will not change, still
    mengalami perubahan, masih sama dengan topik                                         the same as the material topics in the previous year which
    material di tahun sebelumnya yang dipaparkan sebagai                                 are described as follows.
    berikut.


                                                                                                                                 Batasan Topik Material
           Topik Material                                                Alasan Materialitas                                    Material Topic Limitations
           Material Topics                                              Reasons for Materiality
                                                                                                                               Perseroan        Eksternal
                                                                                                                               Company           External

                                                                  Aspek Ekonomi Economy Apects

      Kinerja Ekonomi                 Merupakan salah satu indikator utama yang mempengaruhi keberlangsungan
      Economy Performance             usaha Perseroan.
                                      It is one of the main indicators that affect the Company’s business continuity.

                                                                     Aspek Sosial Social Aspects

      Kesehatan dan                   Produk dan jasa yang berikan Perseroan wajib memenuhi aspek kesehatan dan
      Keselamatan Pelanggan           keselamatan pelanggan.
      Customer Health and             The products and services provided by the Company must meet the health and safety
      Safety                          aspects of customers.

      Kepuasan dan privasi            Aktivitas bisnis Perseroan mengutamakan pelayanan terhadap pelanggan.
      pelanggan                       Perseroan juga wajib menjaga keamanan data dan informasi pelanggan guna
      Customer Satisfaction and       mencegah terjadinya penyalahgunaan data pelanggan yang dapat memengaruhi
      Privacy                         reputasi perusahaan.
                                      The Company’s business activities prioritize service to customers. The Company is also
                                      obliged to maintain the security of customer data and information to prevent misuse
                                      of customer data that can affect the company’s reputation.

      Kesehatan dan                   Kesehatan karyawan, khususnya frontliner, dapat berdampak langsung kepada
      Keselamatan Kerja
      Occupational Health and
                                      pelanggan.
                                      The health of employees, particularly frontliners, can have a direct impact on
                                                                                                                                                    -
      Safety                          customers.

      Program Pengembangan            Masyarakat merupakan salah satu pemangku kepentingan strategis yang perlu
      Masyarakat                      diberdayakan melalui berbagai program PPM.
      Community Development           The community is one of the strategic stakeholders that needs to be empowered               -
      Program                         through various PPM programs.

                                                           Aspek Lingkungan Environmental Aspects

      Pengelolaan Limbah              Aktivitas bisnis Perseroan menggunakan energi dan menghasilkan limbah dalam
      Waste Management                jumlah yang sangat signifikan sehingga diperlukan upaya pengendalian untuk
                                      menjaga kelestarian lingkungan hidup dan menjamin kegiatan operasional yang
      Penggunaan Energi               berkelanjutan.
      Energy Usage                    The Company’s business activities use energi and produce very significant amounts of
                                      waste so that control efforts are needed to maintain environmental sustainability and
                                      ensure sustainable operational activities.




    Verifikasi Tertulis dari Pihak Independen                                            Written Verification from Independent Parties
    POJK51.G1


    Hingga Desember 2023, Laporan Tahunan ini belum                                      As of December 2023, the Annual Report has not cooperated
    bekerja sama dengan pihak independen dalam proses                                    with independent parties in the verification process. However,
    verifikasi. Namun demikian, Perseroan menjamin bahwa                                 the Company guarantees that the entire preparation of this
    seluruh penyusunan Laporan Tahunan ini telah direview                                Annual Report has been carefully reviewed by the Company’s
    dengan seksama oleh Manajemen perusahaan, serta                                      Management, and always prioritizes integrity, truth, and
    senantiasa mengedepankan integritas, kebenaran, dan                                  accuracy.
    keakuratan.




6   PT Electronic City Indonesia Tbk - Laporan Tahunan dan Laporan Keberlanjutan 2023
Page 8
Strategi Keberlanjutan POJK51.A1                              Sustainability Strategy
Perseroan terus-menerus menyempurnakan penerapan              The Company continuously improves the implementation of
strategi keberlanjutan yang diselaraskan dengan Visi, Misi,   sustainability strategies that are aligned with the company’s
dan target perusahaan. Selain itu, Perseroan secara adaptif   Vision, Mission, and targets. In addition, the Company
menyesuaikan dengan kebijakan dan peraturan terkait           adaptively adjusts to policies and regulations related to
keberlanjutan, serta pedoman Tujuan Pembangunan               sustainability, as well as the Sustainable Development
Berkelanjutan (Sustainable Development Goals/SDGs)            Goals (SDGs) guidelines that have been prepared by the
yang telah disusun oleh pemerintah.                           government.

Strategi keberlanjutan Perseroan difokuskan pada              The Company’s sustainability strategy is focused on
penerapan tanggung jawab sosial dan lingkungan di             implementing social and environmental responsibility
internal ataupun eksternal. Pada aspek sosial, Perseroan      internally and externally. In the social aspect, the Company
melanjutkan inisiatif yang telah diterapkan kepada            continues the initiatives that have been applied to employees,
karyawan, pelanggan, mitra usaha, dan masyarakat              customers, business partners, and the community with the
dengan tujuan peningkatan kesejahteraan serta                 aim of improving welfare and consistent and sustainable
pemberdayaan yang konsisten dan berkelanjutan.                empowerment. Meanwhile, in the environmental aspect,
Sementara, pada aspek lingkungan, Perseroan                   the Company continues initiatives related to energy saving,
melanjutkan inisiatif terkait penghematan energi,             emission control, water efficiency, waste management,
pengendalian emisi, efisiensi air, pengelolaan limbah,        and others in the Company and Subsidiaries. All of these
dan lainnya di Perseroan dan Entitas Anak. Seluruh            initiatives have been prepared with mature projections and
inisiatif tersebut telah disusun dengan proyeksi yang         adjusted to the needs of stakeholders, so that initiatives can
matang dan disesuaikan dengan kebutuhan para                  be carried out effectively and on target.
pemangku kepentingan, sehingga inisiatif dapat
dijalankan secara efektif dan tepat sasaran.

Selain itu, Perseroan melanjutkan pembaruan                   In addition, the Company continues to update and develop
dan pengembangan inovasi melalui penerapan                    innovations through the application of environmentally
produk ramah lingkungan dengan konsep Eco City                friendly products with the Eco City concept and continues
dan melanjutkan kerja sama dengan perusahaan                  to collaborate with waste management company to create
pengelolaan limbah untuk membuat waste station                a waste station that makes it easier for customers to recycle
yang memudahkan pelanggan untuk melakukan daur                waste, as well as optimizing the use of the ECI.ID by Electronic
ulang sampah, serta mengoptimalisasikan penggunaan            City application to provide effective digital services to all
aplikasi ECI.ID by Electronic City untuk memberikan           customers.
layanan digital yang efektif kepada seluruh pelanggan.


Tantangan Penerapan Prinsip Keberlanjutan                     Challenges of Implementing Sustainability
POJK51.E5                                                     Principles
Secara umum Perseroan menghadapi tantangan dalam              In general, the Company faces challenges in the application
penerapan prinsip keberlanjutan, baik dari internal ataupun   of sustainability principles, both internally and externally.
eksternal. Tantangan internal, yaitu belum adanya patokan     Internal challenges, such as the absence of clear benchmarks
atau pedoman yang jelas terkait pengukuran dan batasan        or guidelines related to measurements and material limits
material dalam pengelompokkan prinsip keberlanjutan di        in grouping sustainability principles within the company,
internal perusahaan, serta masih terbatasnya pemahaman        as well as limited individual understanding regarding the
individu terkait penerapan prinsip keberlanjutan secara       comprehensive application of sustainability principles, either
komprehensif, baik dari penentuan topik, pengukuran,          from determining topics, measurements, or implementing
ataupun penerapan inisiatif yang efektif. Sedangkan,          effective initiatives. Meanwhile, external challenges stem
tantangan eksternal berasal dari berbagai kebijakan dan       from various government policies and regulations that have
peraturan pemerintah yang memberikan dampak dalam             an impact on the Company’s operational processes.
proses operasional Perseroan.

Untuk mengatasi tantangan internal dan eksternal              To overcome these internal and external challenges,
tersebut, Perseroan memberikan kesempatan kepada              the Company provides opportunities for sustainability
organ pelaksana keberlanjutan dan karyawan yang               implementing organs and employees involved in
terlibat dalam program pengembangan kompetensi                sustainability competency development programs, whether
keberlanjutan, baik yang disediakan secara internal           provided internally by the company, in collaboration with
oleh perusahaan, kerja sama dengan pihak ketiga,              third parties, or from regulators, such as the Financial
ataupun dari regulator, seperti Otoritas Jasa Keuangan        Services Authority and the Indonesia Stock Exchange. In
dan Bursa Efek Indonesia. Selain itu, masing-masing           addition, each implementing organ is required to actively
organ pelaksana dituntut aktif untuk mengikuti                participate in various seminars, workshops, or discussion
beragam kegiatan seminar, workshop, ataupun forum             forums related to sustainability. The Company also follows
diskusi terkait keberlanjutan. Perseroan juga mengikuti       changes in policies and laws and regulations closely through
perubahan kebijakan dan peraturan perundang-                  the Corporate Secretary. If there is a change in policy or
undangan secara cermat melalui Sekretaris Perusahaan.         regulation that has a significant impact, the company’s
Apabila terjadi perubahan kebijakan atau peraturan            management will review and strive to implement the
yang berdampak signifikan, Manajemen perusahaan               regulation internally in order to maintain business processes
akan menelaah dan berupaya mengimplementasikan                running well and still comply with compliance corridors.
peraturan tersebut di internal perusahaan agar menjaga
proses bisnis berjalan dengan baik dan tetap mematuhi
koridor kepatuhan.



                                                                 PT Electronic City Indonesia Tbk - 2023 Annual Report and Sustainability Report   7
Page 9
     Kilas Kinerja                                          Laporan Manajemen                                  Profil Perusahaan
     Performance Glimpses                                   Management Reports                                 Company Profile




DAFTAR ISI                                                        TABLE OF CONTENT
03   Sanggahan dan Batasan Tanggung Jawab Disclaimer and Limitation of Liability
04   Penentuan Isi dan Topik Material Determination of Material Content and Topics
07   Strategi Keberlanjutan Sustainability Strategy
07   Tantangan Penerapan Prinsip Keberlanjutan Challenges of Implementing Sustainability Principles




          KILAS KINERJA PERFORMANCE GLIMPSES
12   Ikhtisar Kinerja Keberlanjutan Sustainbility Performance Overview
16   Ikhtisar Saham Stock Overview
16   Aksi Korporasi dan Aktivitas Perdagangan Saham Corporate Action and Stock Trading Activities
18   Tonggak Sejarah Milestone
22   Peristiwa Penting Key Events
22   Penghargaan Awards
25   Keanggotaan pada Asosiasi Membership in the Association




          LAPORAN MANAJEMEN MANAGEMENT REPORTS
28   Laporan Dewan Komisaris Board of Commissioners Report
34   Laporan Direksi Board of Directors Report




          PROFIL PERUSAHAAN COMPANY PROFILE
44   Informasi Umum dan Identitas Perusahaan  General Information and Corporate Identity
45   Riwayat Singkat Perseroan Brief History of The Company
46   Visi dan Misi Vision and Mission
47   Bidang Usaha  Line of Business
52    Wilayah Operasional Operational Area
54   Struktur Organisasi Organizational Structure
56   Profil Dewan Komisaris Board of Commissioners Profile
62   Profil Direksi Board of Directors Profile
70   Profil Komite Audit Audit Committee Profile
71   Profil Sekretaris Perusahaan Corporate Secretary Profile
71   Profil Kepala Unit Audit Internal  Head of Internal Audit Unit Profile
72   Informasi Pemegang Saham Shareholder Information
75   Struktur Grup Group Structure
76   Pemegang Saham Utama/Pengendali Hingga Nama Pemilik Akhir  Major/Controlling Shareholder Up to Name of Final Owner
76   Kronologis Penerbitan dan Pencatatan Saham Chronology of Issuance and Listing of Shares
76   Pelaksanaan Employee Stock Allocation (ESA) dan Management Stock Ownership Program (MSOP)
     Implementation of Employee Stock Allocation (ESA) and Management Stock Ownership Program (MSOP)
77   Kronologis Penerbitan dan Pencatatan Efek Lainnya Chronology of Issuance and Recording of Other Securities
77   Daftar Entitas Anak, Entitas Asosiasi, dan Joint Venture List of Subsidiaries, Associate Entities, and Joint Ventures
79   Lembaga dan Profesi Penunjang Pasar Modal Capital Market Supporting Institutions and Profesions
80   Alamat Toko Store Address
83   Informasi Pada Situs Web Information on the Website



          ANALISIS DAN PEMBAHASAN MANAJEMEN MANAGEMENT DISCUSSION AND ANALYSIS
86   Tinjauan Ekonomi Economic Overview
86   Tinjauan Industri Industry Overview
87   Tinjauan Segmen Usaha  Business Segment Overview
88   Aspek Pemasaran Marketing Aspects
88   Tinjauan dan Analisa Keuangan Financial Review and Analysis
93   Kemampuan Membayar Utang  Ability to Repay Debts
93   Tingkat Kolektibilitas Piutang Collectibility Rate of Receivables
94   Struktur Modal dan Kebijakan atas Struktur Modal Capital Structure and Policy
Page 10
      Analisis Dan Pembahasan Manajemen                           Tata Kelola Perusahaan                              Laporan Keberlanjutan
      Management Discussion And Analysis                          Good Corporate Governance                           Sustainability Report




 95    Realisasi Penggunaan Dana Hasil Penawaran Umum  Realization of the Use of Funds from the Public Offering
 95    Kebijakan dan Pembagian Dividen Dividend Policy and Distribution
 96    Investasi Barang Modal Capital Goods Investment
 96    Ikatan Material terkait Investasi Barang Modal Material Ties related to Capital Goods Investment
 97    Informasi Material terkait Investasi, Ekspansi, Divestasi, Penggabungan/Peleburan Usaha, Akuisisi, dan Restrukturisasi Utang/Modal  
       Material Information related to Investment, Expansion, Divestment, Merger/Amalgamation, Acquisition Debt/Capital Restructuring
 97    Transaksi Material yang Mengandung Benturan Kepentingan Material Transactions Containing Conflicts of Interest
 97    Transaksi dengan Pihak Afiliasi dan Berelasi Transactions with Affiliated and Related Parties
 98    Perbandingan Target dan Realisasi Tahun 2023, serta Proyeksi 2024 Comparison of Targets and Realizations in 2023, and 2024 Projections
 98    Distribusi Nilai Ekonomi kepada Pemangku Kepentingan Distribution of Economic Value to Stakeholders
 99    Prospek Usaha Tahun 2024  Business Prospects in 2024
100    Perubahan Kebijakan Akuntansi Changes in Accounting Policies
100    Perubahan Peraturan Perundang-Undangan yang Berdampak Signifikan terhadap Perusahaan  Changes in Laws and Regulations
       that Have a Significant Impact on the Company
100    Informasi dan Fakta Material yang Terjadi Setelah Tanggal Laporan Akuntan Material Information and Facts That Occur After the
       Date of the Accountant’s Report




           TATA KELOLA PERUSAHAAN GOOD CORPORATE GOVERNANCE
104    Komitmen Penerapan GCG Commitment to GCG Implementation
105    Penerapan Pedoman GCG Implementation of GCG Guidelines
108    Struktur GCG GCG Structure
109    Rapat Umum Pemegang Saham  General Meeting of Shareholders
116    Dewan Komisaris Board of Commissioners
121    Direksi Board of Directors
129    Hubungan Afiliasi Dewan Komisaris dan Direksi serta Pemegang Saham Affiliated Relationship of Board of Commissioners and
       Board of Directors and Shareholders
130    Transparansi Informasi terkait Dewan Komisaris dan Direksi Transparency of Information related to the Board of Commissioners
       and Board of Directors
132    Komite Audit Audit Commitee
137    Fungsi Nominasi dan Remunerasi Nomination and Remuneration Functions
138    Sekretaris Perusahaan Corporate Secretary
140    Unit Audit Internal  Internal Audit Unit
142    Sistem Pengendalian Internal Internal Control System
144    Sistem Manajemen Risiko Risk Management System
148    Audit Eksternal External Audit
148    Kode Etik Perusahaan Company Code of Conduct
150    Kebijakan Anti Korupsi Anti-Corruption Policy
150    Benturan Kepentingan Conflict of Interest
150    Kebijakan Insider Trading Insider Trading Policy
150    Perkara Penting dan Sanksi Administrasi Important Cases and Administrative Sanctions
151    Sistem Pelaporan Pelanggaran Whistleblowing System




           LAPORAN KEBERLANJUTAN SUSTAINABILITY REPORT
154    Komitmen Keberlanjutan Sustainability Commitment
155    Struktur Tata Kelola Keberlanjutan Sustainability Governance Structure
155    Pengembangan Kompetensi Terkait Keberlanjutan Development of Competencies Related to Sustainability
155    Kegiatan Membangun Budaya Keberlanjutan Activities to Build a Culture of Sustainability
156    Kinerja Keberlanjutan Aspek Sosial Sustainability Performance of Social Aspects
172    Kinerja Keberlanjutan Aspek Lingkungan Hidup Sustainability Performance of Environmental Aspects

176 Lembar Umpan Balik Feedback Sheet
177 Indeks Pengungkapan Kriteria Peraturan Otoritas Jasa Keuangan No. 51/POJK.03/2017 Financial Services Authority
    Regulation Criteria Disclosure Index No. 51/POJK.03/2017
181 Tanggung Jawab Laporan Tahunan Annual Report Responsibilities
183 Laporan Keuangan Financial Report
Page 11
KILAS KINERJA
PERFORMANCE GLIMPSES
Page 12

          
Page 13
           Kilas Kinerja                                                          Laporan Manajemen                                                              Profil Perusahaan
           Performance Glimpses                                                   Management Reports                                                             Company Profile




     IKHTISAR KINERJA KEBERLANJUTAN
     SUSTAINABILITY PERFORMANCE OVERVIEW


     Keberlanjutan Kinerja Ekonomi POJK51.B1                                                            Sustainability of Economic Performance
     Laporan Posisi Keuangan Konsolidasian POJK51.C3                                                           Consolidated Statement of Financial Position

                                                                                         (dalam jutaan Rupiah, kecuali dinyatakan lain) (in millions of Rupiah, unless otherwise stated)


                        Uraian                               2023                        2022                        2021                               Description


        Aset Lancar                                         927.661                  1.002.259                     1.098.972                                        Current Assets

        Aset Tidak Lancar                                   769.467                      741.101                     798.237                                  Non-current Assets

        Jumlah Aset                                      1.697.128                  1.743.361                     1.897.209                                   Number of Assets

        Liabilitas Jangka Pendek                            472.866                      475.512                     424.754                                Short Term Liabilities

        Liabilitas Jangka Panjang                             51.891                      38.969                       71.645                               Long Term Liabilities

        Jumlah Liabilitas                                   524.758                      514.482                    496.399                                   Total of Liabilities

        Jumlah Ekuitas                                   1.172.370                  1.228.879                     1.400.809                                       Total of Equity




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

                                                                                         (dalam jutaan Rupiah, kecuali dinyatakan lain) (in millions of Rupiah, unless otherwise stated)


                        Uraian                               2023                        2022                        2021                               Description

        Pendapatan                                        2.469.278                 2.192.317                      1.811.358                                               Income

        Beban Pokok Penjualan                             2.054.644                 1.802.448                      1.508.476                                  Cost of Goods Sold

        Laba Kotor                                          414.634                      389.869                     302.883                                    Gross Profit (Loss)

        Beban Usaha                                       (396.790)                  (377.376)                     (320.102)                               Operational Expenses

        Laba (Rugi) Sebelum Pajak                            13.210                       11.879                       14.144                             Profit (Loss) before Tax

        Manfaat (Beban) Pajak                                  (162)                         542                      (5.437)                            Tax Benefits (Expenses)

        Laba Tahun Berjalan                                  13.047                       12.421                        8.707                                            Net Profit

        Jumlah Penghasilan                                                                                                                               Comprehensive Income
                                                            (71.704)                 (171.930)                       147.996
        Komprehensif                                                                                                                                                  Amount

        Jumlah Laba (Rugi) Tahun                                                                                                            Current Year’s Profit (Loss) Amount
        Berjalan yang Dapat Diatribusikan                                                                                                                           Attributable
        Kepada:                                                                                                                                                              to:

           Pemilik Entitas Induk                             13.062                       12.436                        8.728                              Parent Entity owner

           Kepentingan Non Pengendali                            (14)                        (14)                         (21)                      Non-Controlling Interests

        Jumlah Laba (Rugi) Komprehensif                                                                                                       Comprehensive Amount of Profit
        yang Dapat Diatribusikan kepada:                                                                                                               (Loss) Attributable to:

           Pemilik Entitas Induk                            (71.689)                 (171.916)                       148.017                               Parent Entity owner

           Kepentingan Non Pengendali                            (14)                        (14)                         (21)                      Non-Controlling Interests

        Laba Bersih Per Saham                                     11                          10                             7                             Net Income per Share




12   PT Electronic City Indonesia Tbk - Laporan Tahunan dan Laporan Keberlanjutan 2023
Page 14
    Analisis Dan Pembahasan Manajemen                                   Tata Kelola Perusahaan                                             Laporan Keberlanjutan
    Management Discussion And Analysis                                  Good Corporate Governance                                          Sustainability Report




Laporan Arus Kas Konsolidasian                                                                                   Consolidate Cash Flow Statement

                                                                         (dalam jutaan Rupiah, kecuali dinyatakan lain) (in millions of Rupiah, unless otherwise stated)


                 Uraian                           2023                    2022                       2021                               Description


 Arus Kas Diperoleh dari (Digunakan                                                                                              Cash Flow Obtained from (used
 Untuk) Aktivitas Operasi                        (42.594)                  29.186                     13.845                            for) Operating Activities

 Arus Kas Diperoleh dari (Digunakan                                                                                              Cash Flow Obtained from (used
 Untuk) Aktivitas Investasi                        5.834                   34.519                  (102.804)                           for) Investment Activities

 Arus Kas Diperoleh dari (Digunakan                                                                                              Cash Flow Obtained from (used
 Untuk) Aktivitas Pendanaan                      (17.169)                (35.031)                     15.537                              for) Funding Activities

 Kenaikan (Penurunan) Kas Bersih                                                                                            Increase (Decrease) in Net Cash and
 dan Setara Kas                                  (53.929)                  28.673                    (73.422)                                 Cash Equivalents

 Kas dan Setara Kas Awal Tahun                                                                                                 Cash and Cash Equivalents at the
                                                 352.487                  323.814                    397.236                             Beginning of the Year

 Kas dan Setara Kas Akhir Tahun                                                                                                       End of Year Cash and Cash
                                                 298.559                  352.487                    323.814                                         Equivalents


Rasio                                                                                                                                                          Ratio

                                                                                                                                                       (dalam %) (in %)


                 Uraian                           2023                    2022                       2021                               Description

  Rasio Laba terhadap Aset                          0,77                   0,71                        0,46                                  Profit to Asset Ratio

  Rasio Laba terhadap Ekuitas                       1,11                   1,01                        0,62                                 Profit to Equity Ratio

  Rasio Laba terhadap Pendapatan                    0,53                   0,57                        0,48                               Profit to Revenue Ratio

  Rasio Lancar                                    196,18                 210,77                     258,73                                           Current Ratio

  Rasio Kewajiban terhadap Ekuitas                 44,76                  41,87                       35,44                            Liabilities to Equity Ratio

  Rasio Kewajiban terhadap Aset                    30,92                  29,51                       26,16                              Liabilities to Asset Ratio

  Tingkat Pengembalian Aset                         0,77                   0,71                        0,46                             Rate of Return on Assets

  Tingkat Pengembalian Modal                        0,77                   0,71                        0,46                            Rate of Return on Capital

  Tingkat Pengembalian Investasi                    1,11                   1,01                        0,62                       Rate of Return on Investment

  Rasio Total Utang Berbunga                                                                                               Ratio of Total Interest-bearing Debt
                                                    1,68                   1,60                        2,81
  terhadap Ekuitas                                                                                                                                     to Equity

  Rasio Modal Sendiri terhadap                                                                                             Ratio of Own Capital to Total Assets
                                                    7,86                   7,65                        7,03
  total Aset

  EBITDA terhadap Beban Bunga                      66,20                  25,51                       20,83                          EBITDA to Interest Expense

  Perputaran Persediaan (Hari)                        53                     44                           53                          Inventory Turnover (Days)

  Periode Penagihan (Hari)                             6                       5                            4                                Billing Period (Days)

  Perputaran Aset                                 143,54                 120,44                       99,86                                        Asset Turnover




Kinerja Operasional                                                                                                            Operational Performance

                                  Satuan
        Uraian                     Unit                     2023                      2022                        2021                        Description

 Pendapatan                                                                                                                                                Income

 Penjualan barang                                           2.330.669               2.060.363                     1.680.092           Branded Electronics Sales
 elektronik bermerek
                                dalam jutaan
 Sewa                              Rupiah                     97.244                   96.162                         88.437                                  Rents

 Komisi penjualan            In Million Rupiah                 1.114                    1.656                          5.422            Commission on the sale
 barang konsinyasi                                                                                                                       of Consignment goods

 Lain-lain                                                    40.249                   34.136                         37.407                        Miscellaneous




                                                                                     PT Electronic City Indonesia Tbk - 2023 Annual Report and Sustainability Report       13
Page 15
           Kilas Kinerja                                                                          Laporan Manajemen                                                                        Profil Perusahaan
           Performance Glimpses                                                                   Management Reports                                                                       Company Profile




                          Jumlah Aset                                                       Jumlah Liabilitas                                                        Jumlah Ekuitas
                           Total Assets                                                       Total Liabilities                                                        Total Equity
                    (dalam jutaan Rp/in million Rp)                                       (dalam jutaan Rp/in million Rp)                                          (dalam jutaan Rp/in million Rp)




                 1.897.209
                             1.743.361                                                                                                                          1.400.809
                                          1.697.128
                                                                                                     514.482      524.758                                                    1.228.879
                                                                                                                                                                                          1.172.370
                                                                                        496.399




                  2021         2022          2023                                        2020        2021          2023                                          2021         2022           2023




                                                                                        Beban Pokok Penjualan                                                               Laba Kotor
                         Pendapatan
                                                                                             Cost of Sales                                                                  Gross Profit
                          Revenues
                    (dalam jutaan Rp/in million Rp)                                        (dalam jutaan Rp/in million Rp)                                          (dalam jutaan Rp/in million Rp)




                                           2.469.278                                                             2.054.644
                             2.192.317                                                              1.802.448                                                                             414.634
                                                                                                                                                                              389.869
                1.811.358                                                               1.508.476                                                               302.883




                  2021         2022          2023                                        2021         2022         2023                                          2021         2022        2023




                                                Laba (Rugi) Sebelum Pajak                                                     Laba (Rugi) Bersih
                                                   Profit (Loss) Before Tax                                                    Net Income (Loss)
                                                      (dalam jutaan Rp/in million Rp)                                         (dalam jutaan Rp/in million Rp)




                                                      14.144                    13.210
                                                                  11.879
                                                                                                                                         12.421        13.047
                                                                                                                             8.707




                                                      2021        2022          2023                                         2021        2022         2023




14   PT Electronic City Indonesia Tbk - Laporan Tahunan dan Laporan Keberlanjutan 2023
Page 16
      Analisis Dan Pembahasan Manajemen                                          Tata Kelola Perusahaan                                       Laporan Keberlanjutan
      Management Discussion And Analysis                                         Good Corporate Governance                                    Sustainability Report




Keberlanjutan Kinerja Sosial POJK51.B3                                                                               Social Performance Sustainability

                                     Satuan
            Uraian                    Unit                      2023                        2022                      2021                        Description


  Pengelolaan Karyawan Employee Management

  Jumlah Tenaga Kerja             Orang People                        702                     718                         706                  Number of Employees

  Tenaga Kerja Wanita                    %                        26,35                     27,86                       28,90                      Female Workforce

  Tenaga Kerja Lokal                     %                       100,00                    100,00                      100,00                        Local Workforce

  Peserta                                                                                                                                            Competency
  Pengembangan                    Orang People                    2.871                       589                         137             Development Participants
  Kompetensi

  Kecelakaan Kerja*)              Kejadian Event                        6                        4                            -                      Work Accident*)

  Tingkat Perputaran                                                                                                                             Employees Turnover
                                         %                            9,58                    5,34                        7,44
  Karyawan

  Pengembangan dan Pemberdayaan Masyarakat Community Development and Empowerment

  Kegiatan                                                                                                                                Community Development
  Pengembangan                       Program                                 9                        6                           3                     Activities
  Masyarakat

                                                                                                                                                      Community
  Biaya Pelaksanaan                                                                                                                              Development and
                                        Rp                   6.445.868.800             12.141.425.565             9.664.609.543
  PPM                                                                                                                                               Empowerment
                                                                                                                                              Implementation Costs

*) Kejadian yang menyebabkan kematian dan kembali bekerja terbatas.
*) Events leading to death and return to work are limited.




Keberlanjutan Kinerja Lingkungan POJK51.B3                                                           Sustainability of Environmental Performance

                                     Satuan
            Uraian                    Unit                      2023                        2022                      2021                        Description

  Penggunaan Energi Energy Usage

  Listrik                              Kwh                       2.329,12                  2.111,07                   1.758,54                              Electricity

  Solar                              Liter Litre                 3.532,35                     2.873                   2.787,37                                  Diesel

  Penggunaan Air Water Usage

  Air PDAM                              m3                        35.010                     37.726                     30.184                           Clean Water




                                                                                           PT Electronic City Indonesia Tbk - 2023 Annual Report and Sustainability Report   15
Page 17
           Kilas Kinerja                                                           Laporan Manajemen                                                      Profil Perusahaan
           Performance Glimpses                                                    Management Reports                                                     Company Profile




     Ikhtisar Saham                                                                                                                             Stock Overview

                                                                                                     Volume
                                                                                                                         Total Saham yang
                              Harga                    Harga               Harga                  Perdagangan                                    Kapitalisasi Pasar
                                                                                                                              Beredar
                            Tertinggi                Terendah            Penutupan                  Rata-Rata                                    pada Penutupan
         Periode                                                                                                         Total Outstanding
                           Highest Price            Lowest Price        Closing Price            Trading Volume                                   Market Cap at
         Quarter                                                                                                               Shares
                               (Rp)                     (Rp)                (Rp)                     Average                                          Closing
                                                                                                                          (Lembar Saham)
                                                                                                (Lembar Saham)                                         (Rp)
                                                                                                                              (Shares)
                                                                                                     (Shares)

                                                                                         2023

            Q1                  535                    296                   346                    1.023.467              1.334.333.000              461.679.218.000

            Q2                  448                    288                   412                    1.214.567              1.334.333.000              549.745.196.000

            Q3                  434                    310                   348                    2.315.433              1.334.333.000              464.347.884.000

            Q4                  450                    274                   288                    3.500.367              1.334.333.000              384.287.904.000

                                                                                         2022

            Q1                  970                    840                   895                     166.433               1.334.333.000             1.401.049.650.000

            Q2                  895                    520                   570                     590.533               1.334.333.000             1.320.989.670.000

            Q3                  580                    494                   505                     327.400               1.334.333.000             1.314.318.005.000

            Q4                  545                    450                   500                     224.400               1.334.333.000             1.294.303.010.000


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


     1.000,000                                                                                                                                                   1.200

       900,000
                                                                                                                                                                 1.000
       800,000

       700,000
                                                                                                                                                                 800
       600,000

       500,000                                                                                                                                                   600

       400,000
                                                                                                                                                                 400
       300,000

       200,000
                                                                                                                                                                 200
       100,000

          0,000                                                                                                                                                  0
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     Aksi Korporasi dan Aktivitas Perdagangan                                                   Corporate Action and Stock Trading Activities
     Saham


     Aksi Korporasi                                                                             Corporate Action
     Pada tahun 2023, Perseroan melakukan pengalihan                                            In 2023, the Company will transfer back the shares from the
     kembali saham hasil pembelian kembali saham (buy                                           share buyback. The buyback will start from August 18 to
     back). Pelaksanaan buy back tersebut dimulai pada                                          August 31, 2023, with detailed information as follows.
     tanggal 18 Agustus-31 Agustus 2023, dengan rincian
     informasi sebagai berikut.




16   PT Electronic City Indonesia Tbk - Laporan Tahunan dan Laporan Keberlanjutan 2023
Page 18
    Analisis Dan Pembahasan Manajemen                                 Tata Kelola Perusahaan                                         Laporan Keberlanjutan
    Management Discussion And Analysis                                Good Corporate Governance                                      Sustainability Report




  Tanggal Dimulai Penjualan                                               18 Agustus 2023
  Sales Commencement Date                                                 Agustus 18, 2023

  Jumlah Saham Hasil Buy Back yang akan dijual                            46.885.000
  Number of Buy Back Shares to be sold

  Batas Waktu Berakhirnya Periode Penjualan                               31 Agustus 2023
  Sales Period Expiration Deadline                                        Agustus 31, 2023

                           Pelaksanaan Pengalihan Saham Hasil Buy Back | Implementation of the Transfer of Buy Back Shares

  Jumlah saham hasil buy back yang dijual/dialihkan                       46.885.000
  Number of shares resulting from the buy back sold/transferred

  Harga rata-rata                                                         450
  Average price

  Jumlah dana yang diperoleh                                              21.098.250.000
  Amount of funds obtained

  Kerugian dari Penjualan/Pengalihan (jika relevan)                       11.486.825.000
  Losses from Sale/Transfer (if relevant)

  Nama pihak yang membeli saham hasil Buy Back (jika relevan)             PT Artha Harapan Gemilang
  Name of the party who purchased the shares resulting from the Buy       (Tidak memiliki afiliasi dengan Perseroan)
  Back (if relevant)                                                      PT Artha Harapan Gemilang
                                                                          (Has no affiliation with the Company)

  Jumlah Saham hasil buy back yang belum dialihkan                        119.451.195
  Number of shares resulting from the buy back that have not been
  transferred




Alasan Pengalihan Kembali Saham Hasil Buy Back                               Reasons for the Transfer Back of Shares from the Buy Back
Perseroan melakukan pengalihan kembali saham hasil                           The Company transfers back the shares from the buyback
buy back mematuhi Peraturan Otoritas Jasa Keuangan                           in accordance with the Financial Services Authority
terkait kepemilikan saham yang sudah lebih dari 6                            Regulations regarding share ownership that has been
tahun, maka dari itu, Perseroan menjual sebagian saham                       more than 6 years, therefore, the Company sells some of the
yang telah habis masa kepemilikannya.                                        shares that have expired their ownership.

Perseroan tidak melakukan aksi korporasi lainnya, baik                       The Company does not take other corporate actions, either
berupa pemecahan saham, penggabungan saham,                                  in the form of stock splits, mergers, bonus shares, and
saham bonus, dan perubahan nilai nominal saham di                            changes in the nominal value of shares throughout 2023.
sepanjang tahun 2023.

Aktivitas Perdagangan Saham                                                  Stock Trading Activities
Aktivitas perdagangan saham Perseroan berjalan dengan                        The Company’s stock trading activities run well and always
baik dan senantiasa mematuhi kebijakan dan peraturan                         comply with policies and regulations from regulators.
dari regulator. Maka dari itu, tidak terdapat sanksi                         Therefore, there are no sanctions such as temporary
seperti penghentian sementara maupun penghapusan                             suspension or delisting of the Company’s shares in 2023.
pencatatan saham Perseroan di tahun 2023.




                                                                                  PT Electronic City Indonesia Tbk - 2023 Annual Report and Sustainability Report   17
Page 19
           Kilas Kinerja                                                          Laporan Manajemen                              Profil Perusahaan
           Performance Glimpses                                                   Management Reports                             Company Profile




     TONGGAK SEJARAH
     MILESTONE



          2001                                                    2002                                     2004
          Membuka toko stand alone                                PT Electronic City Indonesia             Memperluas jaringan toko di luar
          sekaligus toko pertama (flagship                        didirikan pada 29 April 2002.            Jabodetabek dengan membuka
          store) di Sudirman Central Business                     PT Electronic City Indonesia was         toko pertama di Denpasar melalui
          District (SCBD) melalui PT Graha                        established on April 29, 2002.           PT Graha Bali Center.
          Sudirman Center.                                                                                 Expanding the store network
          Opened a stand-alone store as well                                                               outside Jabodetabek by opening
          as the first store (flagship store) in                                                           the first store in Denpasar through
          Sudirman Central Business District                                                               PT Graha Bali Center.
          (SCBD) through PT Graha Sudirman
          Center.


                                                2009                                              2008                                 2007
          PT Electronic City Indonesia                            PT Electronic City Indonesia             Membuka toko pertama di
          melakukan           penggabungan                        melakukan penggabungan usaha             Sumatera yang berlokasi di
          dengan PT Graha Bandung                                 (merger) dengan PT Graha Sudirman        Medan, Sumatera Utara.
          Center dan PT Graha Karawaci                            Center, PT Graha Artha Sentosa           Opened the first store in Sumatra
          Center, di mana PT Electronic City                      Sejati, PT Graha Bali Center, dan        located in Medan, North Sumatra.
          Indonesia sebagai perusahaan                            PT Graha Puri Center, di mana PT
          yang menerima penggabungan                              Electronic City Indonesia merupakan
          (surviving company).                                    perusahaan        yang     menerima
          PT Electronic City Indonesia merged                     penggabungan (surviving company).
          with PT Graha Bandung Center                            PT Electronic City Indonesia merged
          and PT Graha Karawaci Center,                           with PT Graha Sudirman Center, PT
          where PT Electronic City Indonesia                      Graha Artha Sentosa Sejati, PT Graha
          as the company that accepted the                        Bali Center, and PT Graha Puri Center,
          merger(surviving company).                              where PT Electronic City Indonesia is
                                                                  the surviving company.


          2012                                                                                             2013
          • PT Electronic City Indonesia                          • Memperluas branding strategy           Pada tanggal 3 Juli 2013, PT
            meluncurkan             platform                        dengan        membuka        toko      Electronic City Indonesia Tbk
            e-commerce melalui situs resmi                          “Electronic City Outlet” pertama       resmi      menjadi      perusahaan
            Perseroan dalam upaya untuk                             sebagai metode pemasaran               publik     dengan     mencatatkan
            memperkuat citra Perseroan dan                          untuk target konsumen tingkat          1.334.333.000 sahamnya di Bursa
            menjaring konsumen yang lebih                           pemula dan menengah dengan             Efek Indonesia dengan kode saham
            memilih untuk membeli produk                            menyajikan produk-produk yang          ”ECII”. Saham yang dicatatkan
            secara online.                                          lebih terjangkau.                      terdiri dari 1.000.000.000 saham
          • PT Electronic City Indonesia                          • Expanding branding strategy            pendiri, 333.333.000 saham publik
            launched       an    e-commerce                         by opening the first “Electronic       dan 1.000.000 saham baru di
            platform through the Companys                           City Outlet” store as a marketing      luar saham Penawaran Umum
            official website in an effort to                        method for target consumers at         Perdana yang dialokasikan kepada
            strengthen the Companys image                           the beginner and intermediate          Manajemen sebagai saham bonus.
            and attract consumers who prefer                        levels by presenting more              On July 3, 2013, PT Electronic City
            to buy products online.                                 affordable products.                   Indonesia Tbk officially became
                                                                                                           a public company by listing
                                                                                                           1,334,333,000 of its shares on the
                                                                                                           Indonesia Stock Exchange with the
                                                                                                           stock code “ECII”. The listed shares
                                                                                                           consist of 1,000,000,000 founding
                                                                                                           shares, 333,333,000 public shares
                                                                                                           and 1,000,000 new shares excluding
                                                                                                           the Initial Public Offering shares
                                                                                                           allocated to Management as bonus
                                                                                                           shares.




18   PT Electronic City Indonesia Tbk - Laporan Tahunan dan Laporan Keberlanjutan 2023
Page 20
    Analisis Dan Pembahasan Manajemen                    Tata Kelola Perusahaan                                       Laporan Keberlanjutan
    Management Discussion And Analysis                   Good Corporate Governance                                    Sustainability Report




2017                                                                                      2018
• Dengan tujuan memudahkan               • Pada tanggal 28 April 2017,                    Perseroan membuka beberapa
  jangkauan distribusi elektronik,         Electronic City membuka 1 gerai                gerai baru, yaitu di Mega Mall
  PT Electronic City Indonesia             yang berlokasi di Metropolitan                 Batam, Living World Pekanbaru,
  Tbk      membangun         gudang        Mall Cileungsi lantai 1, Cileungsi,            Cilegon Center Mall, dan Nipah Mall
  distribusi yang berlokasi di             Jawa Barat dengan luas ruangan                 Makassar. Selain membuka toko
  Citeureup, Kabupaten Bogor               toko sebesar 904 m2, sehingga                  baru, Perseroan juga membuka
  di mana pada tanggal 27 April            sampai dengan Desember 2017                    beberapa toko untuk mengganti
  2017 telah dilakukan proses              Perseroan telah memiliki 55                    toko yang telah habis masa sewanya
  groundbreaking.                          toko yang tersebar di seluruh                  dan dirasa kurang produktif, seperti
• With the aim of facilitating the         Indonesia.                                     Plaza Kalibata mengganti Ruko
  reach of electronic distribution, PT   • On April 28, 2017, Electronic                  Pasar Minggu dan Green Pramuka
  Electronic City Indonesia Tbk built      City opened 1 outlet located in                Square mengganti Ruko Salemba.
  a distribution warehouse located         Metropolitan Mall Cileungsi 1st                The Company opened several new
  in Citeureup, Bogor Regency              floor, Cileungsi, West Java with a             outlets, which are in Mega Mall
  where on April 27, 2017 a ground-        store area of 904 m2, so that as of            Batam, Living World Pekanbaru,
  breaking process was carried out.        December 2017 the Company has                  Cilegon Center Mall, and Nipah Mall
                                           55 stores spread throughout.                   Makassar. In addition to opening
                                                                                          new stores, the Company also
                                                                                          opened several stores to replace
                                                                                          stores that had expired and were
                                                                                          deemed less productive, such as
                                                                                          Plaza Kalibata replacing the Pasar
                                                                                          Minggu Shophouse and Green
                                                                                          Pramuka Square replacing the
                                                                                          Salemba Shophouse.




                             2016                                     2015                                                        2014
Peluncuran Toko Keliling pada            Dalam      situasi   perekonomian                Selama tahun 2014, Perseroan
tanggal 2 Juni 2016 yang                 global yang sulit, Perseroan tetap               telah membuka 11 toko baru, di
merupakan toko elektronik berjalan       melakukan       ekspansi   dengan                antaranya toko stand alone/dimiliki
yang bertujuan mendekatkan diri          pembukaan 4 toko baru dan 7                      sendiri yang berlokasi di Ujung
dengan pelanggan, di mana Toko           renovasi toko yang ditujukan untuk               Menteng, Jakarta Timur sehingga
keliling ini mempunyai motto             kenyamanan, kepuasan pelanggan,                  total jumlah toko yang dimiliki
“semakin dekat dengan anda”.             dan pertumbuhan perusahaan.                      Perseroan pada akhir tahun 2014
Aktivitas yang ditawarkan meliputi       Selain itu, Perseroan membuka                    sebanyak 67 toko.
permainan, lomba karaoke, lelang         4 toko baru dan 2 toko yang                      During 2014, the Company has
produk elektronik, dan juga              tutup, sehingga total jumlah toko                opened 11 new stores, including a
memperkenalkan barang-barang             Perseroan tahun 2015 sebanyak 69                 stand-alone store located in Ujung
yang dijual di dalam toko.               toko.                                            Menteng, East Jakarta, bringing the
The launch of Toko Keliling on June      In a difficult global economic                   total number of stores owned by the
2, 2016 which is a walking elektronic    situation, the Company continues                 Company at the end of 2014 to 67
store that aims to get closer to         to expand with the opening of 4                  stores.
customers, where this mobile store       new stores and 7 store renovations
has the motto “getting closer to         aimed at convenience, customer
you”. The activities offered include     satisfaction, and company growth.
games, karaoke competitions,             In addition, the Company opened
electronic product auctions and          4 new stores and 2 closed stores,
also introducing items sold in the       bringing the total number of the
store.                                   Company’s stores in 2015 was 69
                                         stores.




                                                                   PT Electronic City Indonesia Tbk - 2023 Annual Report and Sustainability Report   19
Page 21
           Kilas Kinerja                                                          Laporan Manajemen                                  Profil Perusahaan
           Performance Glimpses                                                   Management Reports                                 Company Profile




         2019                                                     2020
         Perseroan memiliki total 60 toko yang                    Perseroan memiliki total 59 toko,          The Company has a total of 59
         tersebar di wilayah Indonesia, yaitu                     diawali dengan penutupan toko pada         stores, starting with the closing
         Pulau Jawa, Bali, Sumatera, Sulawesi                     tanggal 31 Maret 2020 di Grage City        of stores on March 31, 2020 at
         dan didukung dengan 9 gudang                             Mall Cirebon dan Lippo Plaza Bogor,        Grage City Mall Cirebon and Lippo
         distribusi. Selain itu, Perseroan                        serta pada tanggal 30 September            Plaza Bogor, and on September 30,
         membuka 6 gerai, yaitu Mall Kota                         2020 di Malang Town Square.                2020 at Malang Town Square. The
         Kasablanka, Tangerang City Mall,                         Perseroan bersinergi dengan Bank           Company synergizes with Bank
         Lippo Mall Cikarang, Cibinong City                       Artha Graha Internasional membuka          Artha Graha Internasional to open
         Mall, OPI Mall Palembang, dan Mall                       2 toko baru yang berlokasi di BAG          2 new stores located in BAG Kendari,
         Panakkukang. Namun di akhir tahun                        Kendari, Sulawesi Tenggara pada            Southeast Sulawesi on September
         2019, Perseroan memutuskan untuk                         tanggal 28 September 2020, dan BAG         28, 2020, and BAG Surya Kencana,
         menutup toko di Jogja City Mall.                         Surya Kencana, Bogor pada tanggal          Bogor on December 29, 2020 with
         The Company has a total of 60                            29 Desember 2020 dengan konsep             a new concept, namely the House
         stores spread across Indonesia, such                     baru, yaitu House of Meaningful            of Meaningful Experience (HOME),
         as Java, Bali, Sumatra, Sulawesi                         Experience (HOME), di adaptasi dari        adapted from the concept of a home,
         and is supported by 9 distribution                       konsep sebuah rumah, sehingga              so that buyers will get a different
         warehouses. In addition, the Company                     pembeli       akan    mendapatkan          experience like being in their own
         opened 6 outlets, such as Kota                           pengalaman yang berbeda seperti            home. This new concept is expected
         Kasablanka Mall, Tangerang City                          berada di dalam rumah sendiri.             to offer an electronic shopping
         Mall, Lippo Mall Cikarang, Cibinong                      Konsep terbaru ini diharapkan              experience with personalized, unique,
         City Mall, OPI Mall Palembang, and                       dapat menawarkan pengalaman                different, innovative and fun service.
         Panakkukang Mall. However, at the                        belanja elektronik dengan pelayanan
         end of 2019, the Company decided to                      personal, unik, berbeda, inovatif dan
         close the store in Jogja City Mall.                      menyenangkan.




           2021
         • Merenovasi beberapa toko                                 menjadi teman yang selalu hadir di         membuka toko, Perseroan juga
           cabang, yaitu SCBD, Metropolitan                         setiap momen tersebut. Perseroan           melakukan penutupan 1 toko
           Mall Bekasi, dan Margo City                              menawarkan produk elektronik               yang sudah habis masa sewanya
           Depok untuk memodernisasi                                yang akan mencerahkan momen                per tanggal 31 Maret 2021 di
           dan menyederhanakan serta                                pelanggan dan selalu ada                   Tamini Square.
           menonjolkan merek Electronic                             untuk menghidupkan momen                 • The company opened 4 new
           City.                                                    pelanggan.                                 stores, namely, GAIA Bumi Raya
         • Renovated several branch stores,                       • During the anniversary on November         Pontianak on January 21 2021,
           namely SCBD, Metropolitan Mall                           11, 2021, the Company issued a new         Citra Raya Tangerang on March 18
           Bekasi, and Margo City Depok                             tagline, “Light Up Your Moments”.          2021, The Park Sawangan Depok
           to modernize and simplify and                            The Company realizes that there are        on April 23 2021, and at Manado
           highlight the Electronic City brand.                     so many precious moments that              Town Square on November 28
         • Bulan       September           2021,                    go through, without us knowing             2021. Apart from opening stores
           Electronic     City     menambah                         it, electronic products are almost         , the Company also closed 1 shop
           kategori baru, yaitu Mom & Baby,                         always present in every moment.            whose lease had expired as of
           di mana dapat dibeli di toko                             Therefore, Electronic City wants to        March 31 2021 at Tamini Square.
           Electronic City SCBD atau www.                           be a friend who is always present in
           eci.id.                                                  every moment. The Company offers
         • In September 2021, Electronic                            electronic products that will brighten
           City added a new category, such                          customer moments and are always
           as Mom & Baby, which can be                              there to liven up customer moments.
           purchased at SCBD or www.eci.id
           Electronic City stores.
         • Pada saat anniversary tanggal                          • Perseroan membuka 4 toko baru
           11 November 2021, Perseroan                              yaitu, GAIA Bumi Raya Pontianak
           mengeluarkan tagline baru yaitu                          pada tanggal 21 Januari 2021,
           “Light Up Your Moments”. Perseroan                       Citra Raya Tangerang pada
           menyadari bahwa banyak sekali                            tanggal 18 Maret 2021, The Park
           momen berharga yang dilalui,                             Sawangan Depok pada tanggal
           tanpa kita sadari, produk elektronik                     23 April 2021, dan di Manado
           hampir selalu ada di setiap momen.                       Town Square pada tanggal
           Oleh karena itu, Electronic City ingin                   28 November 2021. Selain




20   PT Electronic City Indonesia Tbk - Laporan Tahunan dan Laporan Keberlanjutan 2023
Page 22
Analisis Dan Pembahasan Manajemen                    Tata Kelola Perusahaan                                        Laporan Keberlanjutan
Management Discussion And Analysis                   Good Corporate Governance                                     Sustainability Report




2023
 • Melakukan renovasi 11 toko,         • Closed several stores due to lease            • Melakukan renovasi new façade
   yaitu di Ujung Menteng,               expiration, located at Mega Mall                di Toko Alam Sutera dan Bintaro,
   DKPH Bali, Bintaro, Supermall         Batam, Green Pramuka Square,                    serta di Toko Karawaci, Armada
   Karawaci, Armada Town Square,         Plaza Kalibata, Nipah Mall, Living              Town Square, dan di Mall Boemi
   Alam Sutera, Pondok Indah Mall,       World Pekanbaru, Ruko Djuanda                   Kedaton Lampung.
   Lippo Mall Puri, Ruko Pejaten,        Ciputat, Ruko Sunter, and Ruko                • Renovating the new façade at
   Ruko Ampera, serta Metland            Sari Plaza Bojong Sari.                         Toko Alam Sutera and Bintaro, as
   Cileungsi.                          • Melakukan kerja sama dengan                     well as at Toko Karawaci, Armada
 • Renovated 11 stores, such as          SUN Terra dalam menghadirkan                    Town Square, and at Mall Boemi
   in Ujung Menteng, DKPH Bali,          display interaktif sistem energi                Kedaton Lampung.
   Bintaro, Supermall Karawaci,          surya di Electronic City SCBD                 • Membuka bisnis baru di Toko
   Armada Town Square, Alam              Jakarta pada tanggal 10 Agustus                 Alam Sutera dan Bintaro, yaitu
   Sutera, Pondok Indah Mall, Lippo      2023.                                           Grooceries City dengan Slogan
   Mall Puri, Ruko Pejaten, Ruko       • Collaborating with SUN Terra                    Hemat dan Nyaman.
   Ampera, and Metland Cileungsi.        in presenting an interactive                  • Opened a new business in Toko
 • Menutup      beberapa       toko      display of solar energy systems at              Alam Sutera and Bintaro, namely
   karena habis masa sewa,               Electronic City SCBD Jakarta on                 Grooceries City with the Save and
   yang berlokasi di Mega Mall           August 10, 2023.                                Comfortable Slogan.
   Batam, Green Pramuka Square,        • Membuka 2 toko di SKA Mall
   Plaza Kalibata, Nipah Mall,           Pekanbaru dan Ruko Teuku
   Living World Pekanbaru, Ruko          Umar di Bali.
   Djuanda Ciputat, Ruko Sunter,       • Opened 2 stores in SKA Mall
   dan Ruko Sari Plaza Bojong Sari.      Pekanbaru and Ruko Teuku Umar
                                         in Bali.



 2022
 • Pada tanggal 23 April 2022          • Pada tanggal 09 September                    • Untuk meningkatkan pelayanan,
   dilakukan pembukaan 5 toko            2022      dilakukan       re-opening           Perseroan melakukan inovasi
   sekaligus yang berada di              Revo Town Mall dan di tanggal                  di Bulan Juni 2022 dengan
   Jakarta, yaitu PIK Avenue, Mall       19 Oktober 2022 di Mall Artha                  meluncurkan kategori baru,
   Taman Anggrek dan Gandaria            Gading. Renovasi dilakukan untuk               yaitu Eco City, di mana Perseroan
   City, 2 toko lain berada di Luar      menghadirkan inovasi baru dalam                menjual makanan dan minuman
   Jabodetabek, yaitu 23 Paskal          menambah kenyamanan bagi                       organik serta peralatan rumah
   Bandung dan Centre Point              pengunjung dalam berbelanja.                   tangga yang ramah lingkungan.
   Medan.        Atas   pembukaan      • On September 9, 2022, the re-                  Untuk memajukan kategori Eco
   toko       tersebut    Perseroan      opening of Revo Town Mall was                  City, Perseroan melakukan kerja
   mendapatkan        Rekor    MURI      carried out and on October 19,                 sama dengan Rekosistem untuk
   yaitu “Pembukaan Jaringan             2022 at Mall Artha Gading. The                 membuat waste station yang
   Toko Elektronik Modern secara         renovation was carried out to                  memudahkan pelanggan untuk
   Serentak Terbanyak.”                  bring new innovations in adding                melakukan daur ulang sampah.
 • On April 23, 2022, 5 stores were      convenience for visitors in shopping.        • To improve services, the Company
   opened at once in Jakarta, namely   • Tanggal 31 Juli 2022 Perseroan                 innovated in June 2022 by
   PIK Avenue, Taman Anggrek Mall        menutup 1 toko yang berlokasi                  launching a new category, namely
   and Gandaria City, 2 other stores     di daerah Jakarta Barat, yaitu                 Eco City, where the Company sells
   are located outside Jabodetabek,      Mall Daan Mogot dan digantikan                 organic food and beverages as
   namely 23 Paskal Bandung and          dengan Mall Taman Anggrek,                     well as environmentally friendly
   Centre Point Medan. A bag of          serta di tanggal 31 Desember                   household appliances. Toadvance
   the store’s opening the Company       2022 Perseroan kembali menutup                 the Eco City category, the Company
   received a MURI award, “The           toko di Citimall Cilegon, Banten               collaborates with Rekosistem to
   Most Simultaneous Opening of          dikarenakan habis masa sewa.                   create a waste station that makes
   the Modern Electronics Store        • On 31 July 2022 the Company closed             it easier for customers to recycle
   Network.”                             1 store located in West Jakarta,               waste.
                                         Mall Daan Mogot and replaced it
                                         with Mall Taman Anggrek, and on
                                         31 December 2022 the Company
                                         closed the store in Citimall Cilegon,
                                         Banten due to expiration of the lease
                                         term.




                                                                PT Electronic City Indonesia Tbk - 2023 Annual Report and Sustainability Report   21
Page 23
           Kilas Kinerja                                                          Laporan Manajemen                                  Profil Perusahaan
           Performance Glimpses                                                   Management Reports                                 Company Profile




     PERISTIWA PENTING
     KEY EVENTS

                                                                                         SKA Mall Pekanbaru              Ruko Teuku Umar Bali




     Kerja sama dengan SUN Terra dalam menghadirkan display                              Membuka 2 toko di SKA Mall Pekanbaru dan Ruko Teuku Umar
     interaktif sistem energi surya di Electronic City pada tanggal 10                   di Bali.
     Agustus 2023.                                                                       Opened 2 stores in SKA Mall Pekanbaru and Ruko Teuku Umar in
     Collaborating with SUN Terra in presenting an interactive display                   Bali.
     of solar energy systems at Electronic City on August 10, 2023.




     Membuka bisnis baru di Toko Alam Sutera dan Bintaro, yaitu                          Pelaksanaan RUPS Tahunan.
     Grooceries City dengan logo Hemat dan Nyaman.                                       Annual GMS Implementation.
     Opened a new business in Toko Alam Sutera and Bintaro, namely
     Grooceries City with the Save and Comfortable logo.




     PENGHARGAAN
     AWARD



     National Dealers                                                                    The Best Modern Market
     Gathering 2023                                                                      Mid-High Sales



     Penerima            : PT Electronic City                                            Penerima       : PT Electronic City
     Recipient             Indonesia Tbk                                                 Recipient        Indonesia Tbk

     Penyelenggara : AQUA                                                                Penyelenggara : AQUA
     Organizer                                                                           Organizer




22   PT Electronic City Indonesia Tbk - Laporan Tahunan dan Laporan Keberlanjutan 2023
Page 24
    Analisis Dan Pembahasan Manajemen    Tata Kelola Perusahaan                                       Laporan Keberlanjutan
    Management Discussion And Analysis   Good Corporate Governance                                    Sustainability Report




In Appreciation for                            Token of Appreciation for
Inspiring and Contributing                     the Participation of China
to Our Forum at China                          Homelife Indonesia
Homelife Indonesia

Penerima       : PT Electronic City            Penerima            : PT Electronic City
Recipient        Indonesia Tbk                 Recipient             Indonesia Tbk

Penyelenggara : China Homelife                 Penyelenggara : China Homelife
Organizer       Indonesia                      Organizer       Indonesia




Appreciation in                                Top 2 National
Recognition of Your                            Best Dealer
Oustanding Support and
Partnership

Penerima       : PT Electronic City            Penerima             : PT Electronic City
Recipient        Indonesia Tbk                 Recipient              Indonesia Tbk

Penyelenggara : Citi Bank                      Penyelenggara : PT LG Electronics
Organizer                                      Organizer       Indonesia




Winner Best Home                               Plague of Friendship
Entertaiment Premium
Product


Penerima       : PT Electronic City            Penerima            : PT Electronic City
Recipient        Indonesia Tbk                 Recipient             Indonesia Tbk

Penyelenggara : Citi Bank                      Penyelenggara : Oxone
Organizer                                      Organizer




SHARP- 2022 Top                                Appreciation Award
Dealer’s Award



Penerima       : PT Electronic City            Penerima            : PT Electronic City
Recipient        Indonesia Tbk                 Recipient             Indonesia Tbk
Penyelenggara : SHARP                          Penyelenggara : PT Sony Indonesia
Organizer                                      Organizer




Best Retail Store Growth                       Top Bravia XR Sales
For 85 Bravia TV



Penerima       : PT Electronic City            Penerima             : PT Electronic City
Recipient        Indonesia Tbk                 Recipient              Indonesia Tbk

Penyelenggara : PT Sony Indonesia              Penyelenggara : PT Sony Indonesia
Organizer       2023 Home                      Organizer       2023 Home
                Entertainment                                  Entertainment




                                                   PT Electronic City Indonesia Tbk - 2023 Annual Report and Sustainability Report   23
Page 25
           Kilas Kinerja                                                          Laporan Manajemen                             Profil Perusahaan
           Performance Glimpses                                                   Management Reports                            Company Profile




     Top Overall Bravia                                                                   Top Soundbar Sales
     TV Sales



     Penerima            : PT Electronic City                                             Penerima       : PT Electronic City
     Recipient             Indonesia Tbk                                                  Recipient        Indonesia Tbk

     Penyelenggara : PT Sony Indonesia                                                    Penyelenggara : PT Sony Indonesia
     Organizer       2023 Home                                                            Organizer       2023 Home
                     Entertainment                                                                        Entertainment




     Launching TCL P735                                                                   Top UHD Dealer
     Participation                                                                        2022 - 2023



     Penerima            : PT Electronic City                                             Penerima       : PT Electronic City
     Recipient             Indonesia Tbk                                                  Recipient        Indonesia Tbk

     Penyelenggara : TCL                                                                  Penyelenggara : TCL
     Organizer                                                                            Organizer




     Top 10 Dealer                                                                        Best Achievement
     2022 - 2023                                                                          Premium Category
                                                                                          Periode 2023


     Penerima             : PT Electronic City                                            Penerima       : PT Electronic City
     Recipient              Indonesia Tbk                                                 Recipient        Indonesia Tbk

     Penyelenggara : TCL                                                                  Penyelenggara :TOSHIBA
     Organizer                                                                            Organizer




     Best Performance Dealers
     Periode 2022 - 2023



     Penerima             : PT Electronic City
     Recipient              Indonesia Tbk

     Penyelenggara : TOSHIBA
     Organizer




24   PT Electronic City Indonesia Tbk - Laporan Tahunan dan Laporan Keberlanjutan 2023
Page 26
Analisis Dan Pembahasan Manajemen         Tata Kelola Perusahaan                                       Laporan Keberlanjutan
Management Discussion And Analysis        Good Corporate Governance                                    Sustainability Report




                                     KEANGGOTAAN PADA ASOSIASI POJK51.C5
                                                     MEMBERSHIP IN THE ASSOCIATION




                                       Asosiasi Emiten Indonesia (AEI)

                                       Skala Asosiasi Association Scale                    : Nasional National
                                       Posisi Perseroan Company’s Position                 : Anggota Member




                                       Asosiasi Sekretaris Perusahaan Indonesia

                                       Skala Asosiasi Association Scale                    : Nasional National
                                       Posisi Perseroan Company’s Position                 : Anggota Member




                                       Himpunan Peritel dan Penyewa Pusat
                                       Perbelanjaan Indonesia (HIPPINDO)
                                       Skala Asosiasi Association Scale                    : Nasional National
                                       Posisi Perseroan Company’s Position                 : Anggota Member




                                       Asosiasi Pengusaha Ritel Indonesia (APRINDO)

                                       Skala Asosiasi Association Scale                    : Nasional National
                                       Posisi Perseroan Company’s Position                 : Anggota Member




                                                    PT Electronic City Indonesia Tbk - 2023 Annual Report and Sustainability Report   25
Page 27
LAPORAN
MANAJEMEN
MANAGEMENT REPORTS
Page 28

          
Page 29
           Kilas Kinerja                                                          Laporan Manajemen                                     Profil Perusahaan
           Performance Glimpses                                                   Management Reports                                    Company Profile




     LAPORAN DEWAN KOMISARIS
     BOARD OF COMMISSIONERS’ REPORT




                                                                                             During 2023, we assess that
                                                                                             all members of the Board of
                                                                                            Directors have carried out their
                                                                                            duties and responsibilities well,
                                                                                              as indicated by an increase
                                                                                             in operational and financial
                                                                                                     performance.




                                                                                                  Hartono Tjahjadi Adiwana
                                                                                                           Komisaris Utama
                                                                                                        President Commissioner




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

     Puji dan syukur senantiasa kami haturkan kepada                                      We always express our praise and gratitude to God
     Tuhan yang Maha Kuasa, yang mana atas berkah dan                                     Almighty, which for His blessings and mercy, the Company
     rahmat-Nya, Perseroan dapat bertahan dengan baik dan                                 can survive well and quite satisfactorily throughout 2023
     cukup memuaskan di sepanjang tahun 2023 melalui                                      through various best efforts from the Board of Directors. As
     berbagai upaya terbaik dari Direksi. Sebagai bentuk                                  a form of accountability for the implementation of duties,
     pertanggungjawaban atas pelaksanaan tugas, izinkan                                   allow the Board of Commissioners to submit a Supervisory
     Dewan Komisaris menyampaikan Laporan Pengawasan                                      Report on the performance of the Board of Directors during
     atas kinerja Direksi selama tahun berjalan, yang                                     the current year, which is described as follows.
     dipaparkan sebagai berikut.

     Penilaian Kinerja Direksi                                                            Performance Appraisal of Board of Directors

     Dewan Komisaris senantiasa melakukan penilaian                                       The Board of Commissioners always assesses the Board
     kepada Direksi secara berkala dengan berpedoman pada                                 of Directors periodically based on key performance
     Key Performance Indicator (KPI) di antaranya realisasi dan                           indicators (KPI) including the realization and achievement
     pencapaian target Direksi, serta kinerja Perseroan dalam                             of the Board of Directors’ targets, as well as the Company’s
     satu tahun berjalan. Selama tahun 2023, kami menilai                                 performance in the current year. During 2023, we assess
     bahwa seluruh anggota Direksi telah menjalankan tugas                                that all members of the Board of Directors have carried
     dan tanggung jawab dengan baik, yang ditunjukkan                                     out their duties and responsibilities well, as indicated by an
     dengan adanya peningkatan dari kinerja operasional                                   increase in operational and financial performance.
     maupun kinerja keuangan.




28   PT Electronic City Indonesia Tbk - Laporan Tahunan dan Laporan Keberlanjutan 2023
Page 30
    Analisis Dan Pembahasan Manajemen                   Tata Kelola Perusahaan                                       Laporan Keberlanjutan
    Management Discussion And Analysis                  Good Corporate Governance                                    Sustainability Report




Pada kinerja operasional, kami memberikan apresiasi           In operational performance, we give appreciation to the
kepada Direksi atas tindakan strategis yang telah             Board of Directors for the strategic actions that have been
dilakukan, seperti pembukaan 2 toko baru di SKA               taken, such as the opening of 2 new stores at SKA Mall
Mall Pekanbaru dan Ruko Teuku Umar di Bali, serta             Pekanbaru and Ruko Teuku Umar in Bali, and opening
membuka lini bisnis baru berupa Grooceries City, yang         a new business line in the form of Groceries City, located
berlokasi di Toko Alam Sutera dan Bintaro. Direksi juga       in Toko Alam Sutera and Bintaro. The Board of Directors
berhasil membangun kemitraan produsen solar panel             also succeeded in building partnerships with solar panel
sebagai bentuk komitmen terhadap keberlanjutan, yaitu         manufacturers as a form of commitment to sustainability,
menghadirkan display interaktif sistem energi surya di        namely presenting an interactive display of solar energy
Electronic City.                                              systems at Electronic City.

Kami mengucapkan terima kasih dan apresiasi yang              We would like to express our deepest gratitude and
sebesar-besarnya kepada Direksi atas pencapaian yang          appreciation to the Board of Directors for the good and
baik dan memuaskan pada kinerja keuangan, yang                satisfactory achievement in financial performance,
mana Perseroan berhasil mencatatkan pendapatan                in which the Company managed to record revenue of
sebesar Rp2.469,23 miliar, meningkat sebesar 12,63%           Rp 2,469.23 billion, an increase of 12.63% compared to
dibandingkan tahun sebelumnya. Sejalan dengan                 the previous year. In line with the increase in sales, the
peningkatan penjualan tersebut, laba tahun berjalan           Company’s current year profit also increased by 5.04% to
Perseroan juga meningkat sebesar 5,04% menjadi                Rp12.42 billion.
Rp12,42 miliar.

Di sisi lainnya, Dewan Komisaris juga melakukan               On the other hand, the Board of Commissioners also
pengawasan terhadap tata kelola perusahaan dan                supervises corporate governance and the application of
penerapan prinsip keberlanjutan yang terus-menerus            sustainability principles that are continuously improved
ditingkatkan dan dikembangkan sesuai dengan                   and developed in accordance with the latest business
perubahan bisnis terkini dan kebutuhan masing-masing          changes and the needs of each stakeholder. The Board of
pemangku kepentingan. Dewan Komisaris berharap,               Commissioners hopes that the best achievements in 2023
pencapaian-pencapaian terbaik di tahun 2023 dapat             can continue to be maintained and improved in the next
terus dipertahankan dan ditingkatkan di periode               period, in order to maintain sustainable and solid business
berikutnya, guna menjaga pertumbuhan bisnis yang              growth.
berkelanjutan dan solid.

Pandangan Terhadap Penerapan Strategi Direksi                 Implementation of Board of Directors Strategy Overview

Direksi mempunyai peranan vital dalam menerapkan              The Board of Directors has a vital role in implementing the
strategi Perseroan. Penerapan strategi tersebut harus         Company’s strategy. The implementation of the strategy must
disesuaikan dengan perubahan kondisi ekonomi terkini,         be adjusted to changes in the latest economic conditions,
kinerja industri, serta kinerja internal. Dewan Komisaris     industry performance, and internal performance. The Board
memandang, Direksi telah menerapkan hal tersebut              of Commissioners considers that the Board of Directors has
dalam penyusunan dan penerapan strategi selama                implemented this in the preparation and implementation
tahun 2023, yang menunjukkan kinerja Perseroan dapat          of strategies during 2023, which shows that the Company’s
bertahan dengan baik dan memuaskan.                           performance can be maintained well and satisfactorily.

Dewan Komisaris juga meningkatkan fungsi                      The Board of Commissioners also enhances the supervisory
pengawasan dan pemberian nasihat kepada Direksi,              and advisory function to the Board of Directors, sees global
melihat pertumbuhan ekonomi global yang terus                 economic growth that continues to slow and oversees all
melambat dan mengawasi segala tindakan dan strategi           actions and strategies to be determined by the Board of
yang akan ditetapkan oleh Direksi, guna menghindari           Directors, in order to avoid various risks. This commitment
berbagai risiko. Komitmen tersebut dibuktikan dalam           is evidenced in the implementation of joint meetings of the
pelaksanaan rapat gabungan Dewan Komisaris dan                Board of Commissioners and Directors which have been
Direksi yang telah dilaksanakan sebanyak 10 kali selama       held 10 times during 2023.
tahun 2023.




                                                                  PT Electronic City Indonesia Tbk - 2023 Annual Report and Sustainability Report   29
Page 31
        Hartono Tjahjadi Adiwana
        Komisaris Utama
        President Commissioner




Josephine Sukmadewi Karjadi
Komisaris
Commissioner
Page 32
                             Ku Siew Kuan
                             Komisaris Independen
                             Independent Commissioner




       Ratu Tisha Destria   Vivi Henny
    Komisaris Independen    Komisaris Independen
Independent Commissioner    Independent Commissioner
Page 33
           Kilas Kinerja                                                          Laporan Manajemen                                    Profil Perusahaan
           Performance Glimpses                                                   Management Reports                                   Company Profile




     Selain itu, Dewan Komisaris memastikan seluruh                                       In addition, the Board of Commissioners ensures that all
     anggota Direksi memiliki hak yang sama dalam meminta                                 members of the Board of Directors have the same rights
     pandangan, saran, dan nasihat dari Dewan Komisaris                                   in seeking views, suggestions, and advice from the Board
     terkait tindakan, kebijakan atau strategi yang akan                                  of Commissioners regarding actions, policies or strategies
     diambil. Kami juga memastikan menyediakan ruang dan                                  to be taken. We also ensure to provide sufficient space
     waktu yang cukup dalam mengawasi dan berkomunikasi                                   and time in supervising and communicating with the
     dengan Direksi, namun dengan tetap mengedepankan                                     Board of Directors, while still prioritizing an objective and
     sikap yang obyektif dan independen.                                                  independent attitude.

     Pandangan Terhadap Prospek Usaha                                                     Business Prospects Overview

     Berbagai proyeksi menyatakan bahwa perlambatan                                       Various projections state that the global economic
     ekonomi global akan terus berlanjut di sepanjang                                     slowdown will continue throughout 2024, with a projected
     tahun 2024, dengan proyeksi pertumbuhan sebesar                                      growth of 2.8%. This projection is influenced by risks of
     2,8%. Adanya proyeksi ini dipengaruhi oleh risiko                                    weakening economic growth in China and the United
     pertumbuhan ekonomi Tiongkok dan Amerika Serikat                                     States, geopolitics in Europe and the Middle East, rising
     yang melemah, geopolitik di Eropa dan Timur Tengah,                                  commodity prices, the threat of climate change, and other
     peningkatan harga komoditas, ancaman perubahan                                       factors.
     iklim, dan faktor lainnya.

     Sementara, ekonomi Indonesia diproyeksi akan tetap                                   Meanwhile, Indonesia’s economy is projected to remain
     stabil, dengan proyeksi pertumbuhan sebesar 5%, lebih                                stable, with a projected growth of 5%, higher than the
     tinggi dari proyeksi pertumbuhan ekonomi global. Hal ini                             projected global economic growth. This is due to domestic
     dikarenakan permintaan domestik yang dilatarbelakangi                                demand motivated by continued consumption growth,
     oleh berlanjutnya pertumbuhan konsumsi, termasuk                                     including the positive impact of holding elections, as well
     dampak positif penyelenggaraan pemilu, serta                                         as increasing investment, especially buildings in line with
     peningkatan investasi khususnya bangunan sejalan                                     the continued development of national strategic projects
     dengan berlanjutnya pembangunan proyek strategis                                     (NSP) including the Capital City of the Nusantara (IKN).
     nasional (PSN) termasuk Ibu Kota Nusantara (IKN).

     Atas proyeksi tersebut, Dewan Komisaris menyikapi                                    On this projection, the Board of Commissioners responded
     dengan positif bahwa prospek usaha Perseroan akan                                    positively that the Company’s business prospects will
     lebih cerah di tahun 2024, meskipun tetap harus                                      be brighter in 2024, although it still has to be aware
     mewaspadai tantangan dari dalam negeri. Sikap optimis                                of domestic challenges. This optimistic attitude arises
     ini muncul dengan menguatnya proyeksi pertumbuhan                                    from the strengthening of Indonesia’s economic growth
     ekonomi Indonesia di tahun mendatang, serta adanya                                   projection in the coming year, as well as the government’s
     kebijakan dan langkah antisipatif pemerintah dalam                                   anticipatory policies and measures in response to general
     menanggapi ketidakpastian ekonomi secara umum.                                       economic uncertainty.

     Kami terus mendorong Direksi untuk bersikap cepat dan                                We continue to encourage the Board of Directors to be
     cermat dalam melihat berbagai peluang pertumbuhan                                    quick and careful in seeing various growth opportunities
     melalui strategi yang adaptif. Selain itu, Dewan                                     through adaptive strategies. In addition, the Board of
     Komisaris menyarankan strategi pemasaran produk                                      Commissioners suggests that product marketing strategies
     terus ditingkatkan, baik melalui toko maupun penjualan                               continue to be improved, both through stores and online
     secara online pada aplikasi eci.id, yang disertai dengan                             sales on the eci.id application, which is accompanied by
     peningkatan kualitas produk dan layanan.                                             improvements in product and service quality.

     Pelaksanaan Tata Kelola Perusahaan yang Baik                                         Implementation of Good Corporate Governance

     Pelaksanaan tata kelola perusahaan yang baik                                         The implementation of Good Corporate Governance (GCG)
     (Good Corporate Governance/GCG) terus-menerus                                        is continuously improved by the Board of Directors and its
     disempurnakan     oleh   Direksi  beserta     organ                                  supporting organs. We assess that in 2023 there will be
     pendukungnya. Kami menilai di tahun 2023 terjadinya                                  considerable improvement and development both from
     peningkatan dan pengembangan yang cukup baik dari                                    the implementation of aspects and the implementation of
     penerapan aspek maupun pelaksanaan tugas masing-                                     the duties of each GCG implementing organ.
     masing organ pelaksana GCG.




32   PT Electronic City Indonesia Tbk - Laporan Tahunan dan Laporan Keberlanjutan 2023
Page 34
    Analisis Dan Pembahasan Manajemen                     Tata Kelola Perusahaan                                       Laporan Keberlanjutan
    Management Discussion And Analysis                    Good Corporate Governance                                    Sustainability Report




Dewan Komisaris secara berkala telah melakukan                   The Board of Commissioners has periodically assessed
penilaian kepada Komite Audit dan menjalankan                    the Audit Committee and carried out the Nomination and
Fungsi Nominasi dan Remunerasi dengan efektif sesuai             Remuneration Function effectively in accordance with
pedoman kerja yang berlaku. Direksi juga melakukan               applicable work guidelines. The Board of Directors also
penilaian kerja berkala kepada organ pendukung, yaitu            conducts periodic work assessments to supporting organs,
Sekretaris Perusahaan dan Unit Audit Internal. Penilaian         namely the Corporate Secretary and Internal Audit Unit.
tersebut dilakukan untuk mengetahui efektivitas                  The assessment is carried out to determine the effectiveness
pelaksanaan tugas dan tanggung jawab masing-masing               of the implementation of the duties and responsibilities
organ, pencapaian target, serta memberikan saran                 of each organ, achievement of targets, and provide
pengembangan.                                                    development suggestions.

Guna menjaga kebersinambungan bisnis, Direksi                    In order to maintain business continuity, the Board of
bersama Unit Audit Internal telah melakukan peninjauan           Directors together with the Internal Audit Unit have
terhadap penerapan sistem pengendalian internal dan              periodically reviewed the implementation of the internal
sistem manajemen risiko secara berkala. Peninjauan               control system and risk management system. The review
dilakukan untuk mengetahui ketercapaian penerapan                is carried out to determine the achievement of the
sistem tersebut serta mengetahui kekurangan dalam                implementation of the system and find out the shortcomings
penerapannya, yang kemudian menjadi tolak ukur bagi              in its implementation, which then becomes a benchmark
Direksi untuk melakukan peningkatan di tahun-tahun               for the Board of Directors to make improvements in the
selanjutnya.                                                     following years.

Kami mengapresiasi atas upaya Direksi dalam                      We appreciate the efforts of the Board of Directors in
meningkatkan penerapan GCG di internal Perseroan.                improving the implementation of GCG within the Company.
Namun demikian, kami berharap, penerapan GCG dapat               However, we hope that the implementation of GCG can be
terus-menerus ditingkatkan dan disesuaikan dengan                continuously improved and adjusted to various changes
berbagai perubahan peraturan dan kebijakan dari                  in regulations and policies from regulators, so that the
regulator, sehingga proses bisnis Perseroan tetap berada         Company’s business processes remain in the compliance
dalam koridor kepatuhan dan mampu meningkatkan                   corridor and are able to increase benefits to Shareholders in
manfaat kepada Pemegang Saham secara berkelanjutan.              a sustainable manner.

Penutup                                                          Conclusion

Demikian Laporan Pengawasan Dewan Komisaris ini                  This the Board of Commissioners’ Supervision Report
disampaikan. Kami mengucapkan terima kasih dan                   is submitted. We express our deepest gratitude and
apresiasi yang sebesar-besarnya kepada Direksi, atas             appreciation to the Board of Directors, for their efforts,
upaya, usaha, dan kerja kerasnya dalam memaksimalkan             efforts, and hard work in maximizing the Company’s
pertumbuhan Perseroan selama tahun 2023. Terima                  growth during 2023. We also express our gratitude to the
kasih juga kami sampaikan kepada jajaran manajemen               management and employees, for their participation in
dan karyawan, atas partisipasinya dalam meningkatkan             increasing growth, and thank other stakeholders. It is
pertumbuhan, serta terima kasih kepada pemangku                  hoped that the Board of Commissioners can move faster
kepentingan lainnya. Besar harapan Dewan Komisaris,              in welcoming the best opportunities in the following years.
Direksi dapat bergerak dengan lebih cepat dalam
menyambut peluang terbaik di tahun-tahun berikutnya.



                                              Atas nama Dewan Komisaris
                                         On behalf of the Board of Commissioners


                                              Hartono Tjahjadi Adiwana




                                                   Komisaris Utama
                                                President Commissioner




                                                                    PT Electronic City Indonesia Tbk - 2023 Annual Report and Sustainability Report   33
Page 35
           Kilas Kinerja                                                          Laporan Manajemen                                   Profil Perusahaan
           Performance Glimpses                                                   Management Reports                                  Company Profile




     LAPORAN DIREKSI POJK51.D1
     BOARD OF DIRECTORS’ REPORT




                                                                                                In 2023, the Company posted
                                                                                                revenue of Rp2,469.23 trillion,
                                                                                                an increase of Rp276.96 billion
                                                                                                  compared to the previous
                                                                                                             year.




                                                                                                                   Wiradi
                                                                                                                Direktur Utama
                                                                                                               President Director




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


     Rasa syukur senantiasa kami sampaikan kepada Tuhan                                   We always express our gratitude to God Almighty, for His
     yang Maha Kuasa, atas karunia dan rahmat-Nya, Direksi                                grace and mercy, the Board of Directors continues to be
     terus diberikan kesempatan dan kemampuan dalam                                       given the opportunity and ability to manage the Company
     mengelola Perseroan dengan baik dan menghasilkan                                     well and produce a proud performance in 2023. In the midst
     kinerja yang membanggakan di tahun 2023. Di                                          of the ongoing global economic slowdown, the Board of
     tengah-tengah perlambatan ekonomi global yang                                        Directors was able to maintain the Company’s operational
     terus berlanjut, Direksi mampu untuk menjaga kinerja                                 and financial performance productively, with the results
     operasional dan keuangan Perseroan dengan produktif,                                 outlined below.
     dengan hasil yang diuraikan sebagai berikut.


     Pandangan Terhadap Kondisi Ekonomi                                                   Economic Conditions Overview


     Bank Indonesia memproyeksikan kondisi ekonomi                                        Bank Indonesia projects global economic conditions to
     global mengalami perlambatan, dengan pertumbuhan                                     experience a slowdown, with growth of 3.0% in 2023, and
     sebesar 3,0% di tahun 2023, dan melambat sebesar                                     slowing by 2.8% in 2024. The projection is motivated by the
     2,8% di tahun 2024. Proyeksi tersebut dilatarbelakangi                               ongoing invasion in Europe and the Middle East, especially
     dengan invasi yang terus terjadi di Eropa dan Timur                                  in the Gaza Strip, which then continues to be financial
     Tengah, terutama di Jalur Gaza, yang kemudian berlanjut                              market uncertainty, inflation, to weakening household
     pada ketidakpastian pasar keuangan, inflasi, sampai                                  consumption and investment.
     melemahnya konsumsi rumah tangga dan investasi.


34   PT Electronic City Indonesia Tbk - Laporan Tahunan dan Laporan Keberlanjutan 2023
Page 36
    Analisis Dan Pembahasan Manajemen                     Tata Kelola Perusahaan                                       Laporan Keberlanjutan
    Management Discussion And Analysis                    Good Corporate Governance                                    Sustainability Report




Namun, pemulihan ekonomi Indonesia terus berlanjut              Nevertheless, Indonesia’s economic recovery continues on
ditopang dengan meningkatnya permintaan domestik.               the back of increasing domestic demand. As of December
Per Desember 2023, pertumbuhan ekonomi Indonesia                2023, Indonesia’s economic growth is recorded at 5.05%,
tercatat sebesar 5,05%, yang dipengaruhi oleh                   influenced by gross domestic product (GDP) growth, both in
pertumbuhan produk domestik bruto (PDB), baik dari              terms of business and expenditure. With this growth, it had
sisi lapangan usaha maupun sisi pengeluaran. Dengan             a positive impact on the trade sector, which grew positively
adanya pertumbuhan tersebut, memberikan dampak                  by 4.09%.
yang positif pada sektor perdagangan, yang tumbuh
positif sebesar 4,09%.


Menyikapi kondisi ekonomi tersebut, Direksi berlaku             Responding to these economic conditions, the Board of
bijak dan antisipatif dalam mengambil tindakan dan              Directors acts wisely and anticipatory in taking action
menetapkan strategi keberlanjutan. Karena tidak dapat           and determining sustainability strategies. Because it is
dipungkiri, bahwa perlambatan ekonomi secara global             undeniable, that the global economic slowdown may
dapat memengaruhi kinerja Perseroan ke depannya,                affect the Company’s performance in the future, especially
terutama yang berdampak pada konsumsi rumah                     those that have an impact on household consumption
tangga dan indeks harga konsumen (IHK). Maka dari itu,          and the consumer price index (CPI). Therefore, the Board of
Direksi senantiasa mengawasi pertumbuhan ekonomi                Directors always oversees general economic growth.
secara umum.


Tantangan dan Strategi Keberlanjutan                            Sustainability Challenges and Strategies


Dalam proses bisnisnya, Perseroan menghadapi berbagai           In its business processes, the Company faces various
tantangan yang dipengaruhi oleh kondisi ekonomi yang            challenges that are influenced by fluctuating economic
fluktuatif, sehingga dapat berdampak pada kinerja               conditions, which can have an impact on operational and
operasional dan keuangan. Selain itu, perubahan                 financial performance. In addition, changes in government
kebijakan dan peraturan pemerintah menjadi tantangan            policies and regulations are a challenge for companies
tersendiri bagi perusahaan yang bergerak di industri            engaged in the retail industry. Another challenge comes
ritel. Tantangan lainnya berasal dari internal, yaitu masih     from internal, which is the limited process of identifying
terbatasnya proses identifikasi dan evaluasi terhadap           and evaluating the application of sustainability principles,
penerapan prinsip-prinsip keberlanjutan, terutama               especially in grouping boundaries and material topics.
dalam mengelompokkan batasan dan topik material.


Untuk menghadapi berbagai tantangan tersebut, Direksi           To face these challenges, the Board of Directors continues
terus melakukan kegiatan pengembangan kompetensi                to carry out comprehensive competency and expertise
dan keahlian yang komprehensif, serta meningkatkan              development activities, as well as improve marketing
strategi pemasaran. Kami juga melakukan keputusan               strategies. We also made a strategic decision by closing
yang strategis dengan menutup toko yang telah                   stores that had expired their contracts, as well as opening 2
habis masa kontraknya, serta membuka 2 toko baru di             new stores in Pekanbaru, Bali, and opening a new business
Pekanbaru, Bali, serta membuka lini bisnis baru, yaitu          line, which is Grooceries City.
Grooceries City.




                                                                    PT Electronic City Indonesia Tbk - 2023 Annual Report and Sustainability Report   35
Page 37
                               Wiradi
                               Direktur Utama
                               President Director



Lyvia Mariana     Lenny Susilawaty Jamadi
      Direktur    Direktur
       Director   Director
Page 38
               Roland Hutapea       Dedy Djafarli
                       Direktur     Direktur
                       Director     Director


               Widi Satya Chitra    FA Tri Agus Winarko HS
Direktur & Sekretaris Perusahaan    Direktur
   Director & Corporate Secretary   Director
Page 39
           Kilas Kinerja                                                          Laporan Manajemen                                     Profil Perusahaan
           Performance Glimpses                                                   Management Reports                                    Company Profile




     Di samping itu, Direksi meningkatkan pengelolaan pada                                In addition, the Board of Directors improved the
     60 toko, serta memperkuat penjualan secara e-commerce                                management of 60 stores, as well as strengthened sales in
     dengan memasifkan penggunaan aplikasi online eci.                                    e-commerce by facilitating the use of online applications eci.
     id yang dapat diakses dan digunakan dengan mudah                                     id that can be accessed and used easily by customers. As a
     oleh pelanggan. Sebagai bentuk komitmen yang kuat                                    form of strong commitment to sustainability, the Company
     terhadap keberlanjutan, Perseroan terus meningkatkan                                 continues to increase the availability of environmentally
     ketersediaan produk yang ramah lingkungan melalui                                    friendly products through collaboration with SUN Terra
     kerja sama dengan salah satunya yakni SUN Terra untuk                                to present interactive displays of solar energy systems at
     menghadirkan display interaktif sistem energi surya                                  Electronic City, continue cooperation with Rekosistem in
     di Electronic City, melanjutkan kerja sama dengan                                    making waste station, and improve the quality of products
     Rekosistem dalam membuat waste station, serta                                        and services to customers.
     meningkatkan kualitas produk dan layanan kepada
     pelanggan.


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


     Direksi telah melakukan tugas dan tanggung                                           The Board of Directors has carried out duties and
     jawab dalam penerapan strategi di sepanjang                                          responsibilities in implementing the strategy throughout 2023.
     tahun 2023. Penerapan strategi tersebut dengan                                       The implementation of the strategy has been considering
     mempertimbangkan kondisi ekonomi secara umum,                                        the general economic conditions, the performance of the
     kinerja sektor industri, serta kinerja Perseroan, baik                               industrial sector, and the Company’s performance, both in
     dari sisi keuangan maupun operasional. Kami juga                                     terms of finance and operations. We also involve the views,
     melibatkan pandangan, saran, dan nasihat Dewan                                       suggestions, and advice of the Board of Commissioners
     Komisaris yang disampaikan dalam pelaksanaan rapat                                   submitted in the implementation of the joint meeting of the
     gabungan Dewan Komisaris dan Direksi.                                                Board of Commissioners and Board of Directors.


     Selain itu, Direksi dibantu organ pendukung                                          In addition, the Board of Directors assisted by supporting
     melakukan peninjauan dan evaluasi atas efektivitas                                   organs reviews and evaluates the effectiveness of the
     penerapan strategi yang telah ditetapkan. Peninjauan                                 implementation of the established strategy. The review also
     tersebut juga melibatkan Dewan Komisaris dan Komite                                  involves the Board of Commissioners and Audit Committee,
     Audit, guna menindaklanjuti efektivitas penerapan                                    in order to follow up on the effectiveness of strategy
     strategi secara berkelanjutan dan memberikan saran                                   implementation on an ongoing basis and provide objective
     yang objektif untuk pengembangan strategi di tahun-                                  suggestions for strategy development in the following
     tahun berikutnya.                                                                    years.


     Pencapaian Kinerja Keberlanjutan                                                     Sustainability Performance Achievement


     Direksi, manajemen, dan karyawan Perseroan telah                                     The Board of Directors, management, and employees of
     berupaya dengan maksimal untuk mempertahankan                                        the Company have made maximum efforts to maintain
     dan meningkatkan pertumbuhan Perseroan, dengan                                       and increase the Company’s growth, with the presentation
     pemaparan pencapaian kinerja Perseroan selama tahun                                  of the Company’s performance achievements during 2023,
     2023, sebagai berikut.                                                               as follows.




38   PT Electronic City Indonesia Tbk - Laporan Tahunan dan Laporan Keberlanjutan 2023
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    Analisis Dan Pembahasan Manajemen                 Tata Kelola Perusahaan                                       Laporan Keberlanjutan
    Management Discussion And Analysis                Good Corporate Governance                                    Sustainability Report




Kinerja Ekonomi                                             Economic Performance
Pada tahun 2023, Perseroan membukukan pendapatan            In 2023, the Company posted revenue of Rp2,469.23 billion,
sebesar Rp2.469,23 miliar, meningkat sebesar Rp276,96       an increase of Rp276.96 billion compared to the previous
miliar dibandingkan tahun sebelumnya. Peningkatan           year. This increase was influenced by the increase in sales
ini dipengaruhi oleh meningkatnya penjualan barang          of branded electronic goods by 13.12%. Likewise, the
elektronik bermerek sebesar 13,12%. Begitu juga dengan      Company’s gross profit and current year profit increased
laba kotor dan laba tahun berjalan Perseroan yang           by 6.35% and 5.04% respectively to Rp414.63 billion and
mengalami peningkatan masing-masing sebesar 6,35%           Rp13.05 billion. This achievement was supported by the
dan 5,04% menjadi Rp414,63 miliar dan Rp13,05 miliar.       opening of several new stores, the addition of new business
Pencapaian ini ditopang dengan dibukanya beberapa           lines, and the intensification of purchases through the eci.
toko baru, adanya penambahan lini bisnis baru, serta        id application.
diintensifkannya pembelian melalui aplikasi eci.id.


Kinerja Sosial                                              Social Performance
Perseroan terus meningkatkan pengelolaan sumber             The Company continues to improve responsible human
daya manusia (SDM) yang bertanggung jawab guna              resource management in order to create superior and
menciptakan SDM yang unggul dan mumpuni. Berbagai           qualified human resources. Various initiatives related
inisiatif terkait SDM juga terus dilanjutkan seperti        to HR are also continued, such as providing adequate
menyediakan sarana dan prasarana kerja yang memadai,        work facilities and infrastructure, providing competency
menyediakan kegiatan pengembangan kompetensi                development activities on an ongoing basis, providing
secara berkelanjutan, memberikan remunerasi yang            fair and equal remuneration, and fulfilling employee
adil dan setara, serta memenuhi fasilitas kesehatan dan     occupational health and safety facilities.
keselamatan kerja karyawan.


Direksi juga memperkuat komitmen terhadap pemangku          The Board of Directors also strengthens its commitment to
kepentingan eksternal, yaitu pelanggan, masyarakat,         external stakeholders, namely customers, the community,
dan mitra usaha dengan menjaga kepercayaan dan              and business partners by maintaining the trust and
dukungan yang telah diberikan kepada Perseroan. Di          support that has been given to the Company. In 2023, we
tahun 2023, kami telah melaksanakan berbagai program        have carried out various community programs, such as
kemasyarakatan, seperti kerja bakti di sekitar wilayah      community service work around the operational area,
operasional, memberikan penyuluhan kesehatan                providing health counseling and distributing cheap basic
dan pembagian sembako murah, penyelenggaraan                necessities, organizing the Ramadhan Cheap pop-up
Pasar Murah Ramadan, memberikan hewan kurban,               Market, giving sacrificial animals, donating, and fogging
memberikan donasi, serta melakukan fogging untuk            for dengue fever prevention in Pamulang, Cinere, and ECI
pencegahan demam berdarah di Pamulang, Cinere, dan          Youth with investment funds to the community.
ECI Pemuda dengan dana investasi kepada masyarakat.


Kinerja Lingkungan                                          Environmental Performance
Di sisi lainnya, Perseroan memperkuat komitmen              On the other hand, the Company strengthens its
terhadap lingkungan untuk berkontribusi dalam               commitment to the environment to contribute to creating
menciptakan kehidupan dan meminimalisir pencemaran          life and minimizing environmental pollution. The initiatives
lingkungan. Adapun inisiatif yang telah diterapkan,         that have been implemented, such as continuing to
seperti melanjutkan pengelolaan toko yang ramah             manage environmentally friendly stores, implementing
lingkungan, menerapkan efisiensi penggunaan energi          efficient use of electrical energy, gasoline (BBM), and water
listrik, bahan bakar minyak (BBM), serta penggunaan air     use during 2023.
selama tahun 2023.




                                                                PT Electronic City Indonesia Tbk - 2023 Annual Report and Sustainability Report   39
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           Kilas Kinerja                                                          Laporan Manajemen                                     Profil Perusahaan
           Performance Glimpses                                                   Management Reports                                    Company Profile




     Selain itu, inisiatif terkait pengendalian emisi terus                               In addition, initiatives related to emission control continue
     dilanjutkan di internal Perseroan, di antaranya dengan                               internally, including using LED lights; renovated the façades
     menggunakan jenis lampu LED; merenovasi façade                                       of several shops with glass to take advantage of direct
     beberapa toko dengan kaca untuk memanfaatkan                                         sunlight; and rejuvenating vehicles and electronic devices
     cahaya langsung matahari; serta melakukan peremajaan                                 in office buildings.
     kendaraan dan perangkat elektronik di gedung
     perkantoran.


     Dalam pengelolaan limbah, Perseroan melanjutkan                                      In waste management, the Company continues to
     kerja sama dengan pihak ketiga pengelolaan limbah                                    cooperate with third parties in waste management that
     yang telah memiliki izin resmi dari pemerintah. Kami                                 already have official permits from the government. We
     secara berkala melakukan pengujian kualitas air limbah                               periodically conduct drainage wastewater quality testing
     drainase yang kemudian dilaporkan setiap bulan kepada                                which is then reported monthly to the management of the
     pengelola Kawasan Sudirman Central Business District                                 Sudirman Central Business District (SCBD) Area. Means
     (SCBD). Sarana pengaduan terkait lingkungan juga                                     of environmental complaints are also streamlined and
     diefektifkan dan dikelola dengan bertanggung jawab.                                  managed responsibly.


     Prospek Keberlanjutan Usaha                                                          Business Sustainability Prospects


     Ekonomi global diperkirakan akan terus melambat                                      The global economy is expected to continue to slow
     sepanjang tahun 2024. Namun, dari sisi domestik, inflasi                             throughout 2024. However, from the domestic side,
     diperkirakan relatif stabil sebagai dampak dari adanya                               inflation is estimated to be relatively stable as a result of
     penyelenggaraan Pemilu 2024 tehadap konsumsi                                         the 2024 elections on public consumption and government
     masyarakat dan konsumsi pemerintah. Berdasarkan                                      consumption. Based on these conditions, the government
     kondisi    tersebut,    pemerintah     memproyeksikan                                projects that Indonesia’s growth will return to strong
     pertumbuhan Indonesia akan kembali tumbuh kuat di                                    growth in the following year, supported by inclusive and
     tahun berikutnya, didukung oleh transformasi ekonomi                                 sustainable economic transformation.
     secara inklusif dan berkelanjutan.


     Menyikapi     proyeksi   tersebut,   Direksi  telah                                  In response to this projection, the Board of Directors has
     mempersiapkan serangkaian kebijakan dan strategi                                     prepared a series of effective policies and strategies to take
     yang efektif untuk memanfaatkan berbagai peluang di                                  advantage of various opportunities in the future, including
     masa depan, termasuk mempertahankan kerja sama                                       maintaining cooperation with business partners, increasing
     yang telah dijalin dengan mitra usaha, meningkatkan                                  7 value added and 4 premium services, improving product
     7 value added dan 4 premium services, meningkatkan                                   marketing, and improving HR skills and capabilities to be
     pemasaran produk, serta meningkatkan keahlian dan                                    able to face business dynamics adaptively.
     kemampuan SDM agar mampu menghadapi dinamika
     bisnis dengan adaptif.


     Penerapan     Tata                Kelola         Perusahaan              yang        Implementation of Sustainable Corporate Governance
     Keberlanjutan


     Penerapan tata kelola perusahaan menjadi bagian yang                                 The implementation of corporate governance is an
     tidak terpisahkan dari proses bisnis Perseroan. Direksi di                           integral part of the Company’s business process. The
     bawah pengawasan Dewan Komisaris terus melakukan                                     Board of Directors under the supervision of the Board of
     peningkatan dan penyempurnaan terhadap penerapan                                     Commissioners continues to improve and improve the
     tata kelola yang baik (good corporate governance/GCG)                                implementation of good corporate governance (GCG)
     dengan memenuhi berbagai kebijakan dan peraturan                                     by fulfilling various applicable policies and regulations,
     yang berlaku, meninjau penerapan pedoman kerja, serta                                reviewing the implementation of work guidelines, and
     mengevaluasi struktur GCG untuk mempertegas tugas                                    evaluating the GCG structure to reinforce the duties and
     dan tanggung jawab masing-masing organ Perseroan.                                    responsibilities of each organ of the Company.




40   PT Electronic City Indonesia Tbk - Laporan Tahunan dan Laporan Keberlanjutan 2023
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    Analisis Dan Pembahasan Manajemen                 Tata Kelola Perusahaan                                       Laporan Keberlanjutan
    Management Discussion And Analysis                Good Corporate Governance                                    Sustainability Report




Secara berkala, kami melakukan penilaian kinerja             Periodically, we assess the performance of supporting
organ pendukung, serta melakukan peninjauan atas             organs, as well as review the implementation of internal
penerapan sistem pengendalian internal dan sistem            control systems and risk management systems in an effort
manajemen risiko sebagai upaya mengurangi adanya             to reduce violations and risks that have a significant impact
pelanggaran dan risiko-risiko yang berdampak signifikan      on business continuity in the future. In addition, the Board
terhadap keberlangsungan bisnis di masa depan. Selain        of Directors ensures that the implementation of the Code
itu, Direksi memastikan penerapan Kode Etik dan sistem       of Ethics and the violation reporting system continues to
pelaporan pelanggaran terus dilakukan dengan baik            be carried out properly and responsibly in order to create a
dan bertanggung jawab guna menciptakan lingkungan            conducive work environment for all employees.
kerja yang kondusif bagi seluruh karyawan.


Penutup                                                      Conclusion


Demikian laporan terkait pengelolaan dan pengurusan          This is a report related to the management and
Perseroan selama tahun 2023. Kami mengucapkan terima         management of the Company during 2023. We would like
kasih kepada Dewan Komisaris atas saran dan nasihat          to thank the Board of Commissioners for the advice and
yang diberikan, sehingga Direksi mampu mencatatkan           advice provided, so that the Board of Directors was able
kinerja yang baik dan cukup memuaskan. Terima kasih          to record a good and quite satisfactory performance. We
juga kami sampaikan kepada seluruh karyawan, atas            also express our gratitude to all employees, for their hard
kerja kerasnya dalam membantu meningkatkan kinerja           work in helping to improve the Company’s performance.
Perseroan. Selain itu, terima kasih kami sampaikan           In addition, we would like to express our gratitude to all
kepada seluruh pemangku kepentingan Perseroan                stakeholders of the Company for the support and trust that
atas dukungan dan kepercayaan yang telah diberikan.          has been given. Hopefully, in the future, PT Electronic City
Semoga, ke depannya, PT Electronic City Indonesia Tbk        Indonesia Tbk can continue to grow and develop better.
dapat terus bertumbuh dan berkembang dengan lebih
baik.




                                                Atas nama Direksi
                                         On behalf of the Board of Directors


                                                      Wiradi




                                                  Direktur Utama
                                                 President Director




                                                                PT Electronic City Indonesia Tbk - 2023 Annual Report and Sustainability Report   41
Page 43
PROFIL
PERUSAHAAN
COMPANY PROFILE
Page 44

          
Page 45
           Kilas Kinerja                                                          Laporan Manajemen                                   Profil Perusahaan
           Performance Glimpses                                                   Management Reports                                  Company Profile




     INFORMASI UMUM DAN IDENTITAS PERUSAHAAN
     GENERAL INFORMATION AND CORPORATE IDENTITY




       Nama Perusahaan Company Name                                             PT Electronic City Indonesia, Tbk

       Tanggal Pendirian Date of Establishment                                  29 April 2002

       Tahun Mulai Beroperasi Secara Komersial                                  2002
       Year of Commercial Operations Commencement

       Dasar Hukum Pembentukan                                                  Akta No. 27 tanggal 29 April 2002 dari Myra Yuwono, S.H., Notaris
       Legal Basis of Establishment                                             di Jakarta. Akta pendirian ini disahkan oleh Menteri Kehakiman
                                                                                dan Hak Asasi Manusia Republik Indonesia dalam Surat
                                                                                Keputusan No. C-18431 HT.01.01.TH.2002 tanggal 24 September
                                                                                2002 serta diumumkan dalam Berita Negara Republik Indonesia
                                                                                No. 90 tanggal 8 November 2002, Tambahan No. 13679.
                                                                                Deed No. 27 dated April 29, 2002 from Myra Yuwono, S.H., notary
                                                                                in Jakarta. This deed of  establishment was ratified by the Minister
                                                                                of Justice and Human Rights of the Republic of Indonesia in Decree
                                                                                No. C-18431 HT.01.01.TH.2002 dated September 24, 2002 and
                                                                                announced in the State Gazette of the Republic of Indonesia No. 90
                                                                                dated November 8, 2002, Supplement No. 13679.


       Kegiatan Usaha  Current Business                                         Perdagangan ritel produk elektronik. Trading of electronic goods.

       Status Perusahaan Company Status                                         Perusahaan Terbuka Publicly Listed Company.

       Tempat dan Tanggal Pencatatan                                            Bursa Efek Indonesia, 3 Juli 2013.
       Place and Date of Listing                                                The Indonesia’s Exchange Rate (IDX), 3 July 2013.

       Kode Saham Stock Code                                                    ECII

       Kepemilikan Saham Share Ownership                                        • PT Graha Surya Kirana                             : 25,57%
                                                                                • PT Artha Graha Network                            : 23,15%
                                                                                • PT Electronic City Indonesia, Tbk                 :    8,95%
                                                                                • UOB Kay Hian Pte Ltd                              : 29,79%
                                                                                • Masyarakat lainnya                                : 12,54%
                                                                                  (kepemilikan masing-masing di bawah 5%)
                                                                                  Public (each of ownership is below 5%)

       Modal Dasar Authorized Capital                                           Rp400.000.000.000,-

       Modal Ditempatkan dan Disetor Penuh                                      Rp133.433.300.000,-
       Issued and Paid-up Capital

       Alamat Kantor Pusat POJK51.C2                                            Sudirman Central Business District (SCBD)
       Address of Head Office                                                   Jl. Jend. Sudirman Kav 52-53, Lot 22
                                                                                Jakarta Selatan 12190, Indonesia

       Kontak Perusahaan Company Contact                                        • Telepon       : (021) 515 1177
                                                                                • Faksimili     : (021) 515 5919/20
                                                                                • Situs Web     : www.corp. electronic-city.com atau www.eci.id
                                                                                • E-mail		      : corporatesecretary@electronic-city.co.id

       Jumlah Karyawan                                                          702 karyawan
       Number of Employees                                                      702 Employees




44   PT Electronic City Indonesia Tbk - Laporan Tahunan dan Laporan Keberlanjutan 2023
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    Analisis Dan Pembahasan Manajemen                     Tata Kelola Perusahaan                                       Laporan Keberlanjutan
    Management Discussion And Analysis                    Good Corporate Governance                                    Sustainability Report




RIWAYAT SINGKAT                                                 BRIEF HISTORY
PT Electronic City Indonesia atau selanjutnya disebut           PT Electronic City Indonesia or hereinafter referred to
Perseroan telah berdiri lebih dari 2 dasawarsa, yaitu sejak     as the Company has been established for more than 2
29 April 2002 dengan kegiatan usaha penjualan ritel             decades,which is since April 29, 2002 with retail sales
produk elektronik. Di tahun 2001, Perseroan membuka             of electronic products. In 2001, the Company opened a
toko stand alone sekaligus toko pertama (flagship store)        stand-alone store as well as the first store (flagship store)
di Sudirman Central Business District (SCBD) melalui            in Sudirman Central Business District (SCBD) through
PT Graha Sudirman Center. Kemudian, di tahun 2004               PT Graha Sudirman Center. Then, in 2004 the Company
Perseroan melakukan pengembangan usaha di luar                  conducted business development outside Jabodetabek,
Jabodetabek, mulai dari Bali, Medan, Sumatera, dan              starting from Bali, Medan, Sumatra, and several other
beberapa daerah potensial lainnya.                              potential areas.

Pada tahun 2008, Perseroan melakukan penggabungan               In 2008, the Company merged with PT Graha Sudirman
usaha (merger) dengan PT Graha Sudirman Center, PT              Center, PT Graha Artha Sentosa Sejati, PT Graha Bali Center,
Graha Artha Sentosa Sejati, PT Graha Bali Center, dan PT        and PT Graha Puri Center, in which the Company acted as
Graha Puri Center, yang mana Perseroan bertindak sebagai        a surviving company. Seeing great growth opportunities,
perusahaan yang menerima penggabungan (surviving                the Company continued its business development in 2009
company). Melihat peluang pertumbuhan yang besar,               through mergers with PT Graha Sudirman Center, PT Graha
Perseroan melanjutkan pengembangan usaha di tahun               Artha Sentosa Sejati, PT Graha Bali Center, and PT Graha
2009 melalui penggabungan usaha (merger) dengan PT              Puri Center.
Graha Sudirman Center, PT Graha Artha Sentosa Sejati, PT
Graha Bali Center, dan PT Graha Puri Center.

Selanjutnya, di tahun 2012, Perseroan membentuk                 Furthermore, in 2012, the Company formed an innovation
inovasi dengan meluncurkan platform e-commerce                  by launching an e-commerce platform through the
melalui situs resmi Perseroan sebagai upaya memperkuat          Company’s official website as an effort to strengthen the
citra Perseroan dan menjaring pelanggan lebih luas.             Company’s image and attract wider customers. On July 3,
Pada tanggal 3 Juli 2013, Perseroan melanjutkan                 2013, the Company continued its business development
pengembangan usaha melalui aksi korporasi dengan                through corporate action by listing 1.000.000.000 shares
mencatatkan saham di Bursa Efek Indonesia sebanyak              on the Indonesia Stock Exchange.
1.000.000.000 saham.

Dengan adanya pengembangan usaha dan aksi                       With the business development and corporate actions,
korporasi tersebut, Perseroan tidak pernah merasa               the Company is never satisfied and continues to increase
puas dan senantiasa meningkatkan komitmen dalam                 its commitment in meeting customer needs by providing
memenuhi kebutuhan pelanggan dengan menyediakan                 quality and sustainable products. For this reason, the
produk-produk berkualitas dan berkelanjutan. Untuk itu,         Company carries out integrated, systematic, and consistent
Perseroan melakukan inisiatif pengelolaan sumber daya           human resource (HR) management initiatives to support
manusia (SDM) yang terpadu, sistematis, dan konsisten           the Company’s increasingly dynamic and strategic pace.
demi menunjang laju Perseroan yang semakin dinamis
dan strategis.


Perubahan Signifikan POJK51.C6                                  Significant Changes

Sepanjang tahun 2023, Perseroan telah menutup 8 toko            Throughout 2023, the Company has closed 8 stores located
yang berada di:                                                 in:
1. Mega Mall Batam;                                             1. Mega Mall Batam;
2. Nipah Mall Makassar;                                         2. Nipah Mall Makassar;
3. Living World Pekanbaru;                                      3. Living World Pekanbaru;
4. Green Pramuka Square;                                        4. Green Scout Square;
5. Plaza Kalibata;                                              5. Plaza Kalibata;
6. Ruko Djuanda Ciputat;                                        6. Ruko Djuanda Ciputat;
7. Ruko Sari Plaza Bojong Sari; dan                             7. Ruko Sari Plaza Bojong Sari; and
8. Ruko Sunter.                                                 8. Sunter shophouse.

Penutupan toko tersebut karena telah habis masa sewa.           The closure of the store is due to the expiration of the lease.
Selain itu, Perseroan membuka 2 toko baru di SKA Mall           In addition, the Company opened 2 new stores at SKA Mall
Pekanbaru dan di Ruko Teuku Umar di Bali. Perseroan             Pekanbaru and at Ruko Teuku Umar in Bali. The Company
juga membuka lini bisnis baru di Toko Alam Sutera dan           also opened new business lines in Toko Alam Sutera and
Bintaro, yaitu Grooceries City.                                 Bintaro, namely Grooceries City.




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           Performance Glimpses                                                   Management Reports                           Company Profile




     VISI DAN MISI POJK51.C1                                                                                     VISION AND MISSION




                         VISI                                                                                 VISION
        Mengembangkan toko ritel elektronik                                                 Developing modern electronic retail stores
        modern dengan konsep pameran untuk                                                  with exhibition concepts to provide the
        memberikan pelayanan yang terbaik,                                                  best service, supported by competent
        didukung oleh sumber daya manusia                                                   human resources and professional business
        yang kompeten dan mitra bisnis                                                      partners to increase consumer satisfaction.
        profesional untuk menambah kepuasan
        konsumen.




                           MISI                                                                                MISION
        Untuk menjadi perusahaan terkemuka                                                  To become a leading company in Indonesia
        di Indonesia dalam bisnis ritel elektronik                                          in the electronic retail business with a wide-
        dengan jaringan toko modern berskala                                                scale modern store network and supported
        luas dan didukung oleh layanan terbaik                                              by the best service and complete facilities.
        dan fasilitas lengkap.




               Peninjauan Visi dan Misi                                                            Vision and Mission Review
        Peninjauan Visi dan Misi Perseroan                                                  Review of the Company’s Vision and
        senantiasa dilakukan setiap tahun oleh                                              Mission is always carried out annually by
        Dewan Komisaris dan Direksi Perseroan.                                              the Company’s Board of Commissioners
        Pada tahun 2023, Dewan Komisaris dan                                                and Directors. In 2023, the Board of
        Direksi memandang bahwa Visi dan                                                    Commissioners and Board of Directors
        Misi Perseroan masih selaras dengan                                                 consider that the Company’s Vision and
        perkembangan bisnis terkini.                                                        Mission are still in line with the latest
                                                                                            business developments.




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     Management Discussion And Analysis                      Good Corporate Governance                                    Sustainability Report




Bidang Usaha POJK51.C4                                             Line of Business
Bidang usaha yang dijalankan oleh Perseroan merujuk                The business fields carried out by the Company refer to
pada pasal 3 Anggaran Dasar, yaitu usaha perdagangan               article 3 of the Articles of Association, which are retail
eceran, perlengkapan, dan peralatan rumah tangga.                  trading, equipment, and household appliances. Meanwhile,
Sedangkan, kegiatan usaha utama Perseroan meliputi                 the Company’s main business activities include electronic
perdagangan ritel elektronik.                                      retail trading.

Jenis Produk yang Ditawarkan                                       Types of Products Offered

Jenis produk yang ditawarkan oleh Perseroan diuraikan              The types of products offered by the Company are described
sebagai berikut.                                                   as follows.
1. Audio-video, termasuk televisi, camcorders, Blu-ray             1. Audio-video, including televisions, camcorders, Blu-ray
   dan DVD player, portable audio equipment, speakers,                 and DVD player, portable audio equipment, speakers,
   amplifiers, MP3 players, dan home theatre system.                   amplifiers, MP3 players and home theatre system.
2. Peralatan rumah tangga, termasuk lemari pendingin,              2. Household appliances, including refrigerators,
   freezer, mesin cuci, mesin pengering, mesin pencuci piring,         freezers, washing machines, dryers, dishwashers, air
   pendingin ruangan, penghisap debu, pemanggang roti                  conditioners, vacuum cleaners, toasters and blenders,
   dan blender, kipas angin, dan setrika elektrik.                     fans, and electric irons.
3. Teknologi informasi dan telepon selular,                        3. Information technology and mobile phones,
   termasuk telepon selular, smartphone, aksesoris                     including mobile phones, smartphones, mobile phone
   telepon selular, kamera digital, kamera video, dan                  accessories, digital cameras, video cameras and
   aksesoris fotografi.                                                photography accessories.
4. Kamera dan peralatan kantor, termasuk desktop,                  4. Office equipment and cameras, including desktops,
   notebook, netbook dan komputer tablet, printer,                     notebooks, netbooks and tablet computers, printers,
   mesin faksimili, proyektor, dan aksesoris komputer.                 facsimile machines, projectors, and computer accessories.
5. Ibu dan bayi, kategori ini menyediakan aneka                    5. Mom and baby, this category provides a variety of
   produk elektronik dan non-elektronik dari brand                     electronic and non-electronic products from wellknown
   ternama untuk ibu dan anak (mulai dari bayi hingga                  brands for mothers and children (from babies to
   balita), mulai dari peralatan makan, food baby maker,               toddlers), tableware, food baby makers, bags, toys to
   tas, mainan hingga stroller.                                        strollers.
6. Eco City, kategori ini menyediakan aneka produk                 6. Eco City, this category provides a variety of organic food
   makanan dan minuman organik, serta peralatan                        and beverage products, as well as household appliances
   rumah tangga yang terbuat dari bahan yang                           made of environmentally friendly materials. In addition,
   ramah lingkungan. Selain itu, bekerja sama dengan                   in collaboration with Rekosistem create waste stations
   Rekosistem membuat waste station di SCBD, agar                      at SCBD, so that customers can easily recycle waste.
   pelanggan mudah melakukan daur ulang sampah.
7. Ev City, kategori ini menyediakan kendaraan listrik             7. Ev City, this category provides electric vehicles such
   seperti sepeda listrik dan motor listrik, hal ini untuk            as electric bicycles and electric motorcycles, this is
   mendukung Pemerintah terkait penggunaan EV,                        to support the Government regarding the use of
   pencegahan polusi, dan semakin tingginya kesadaran                 EVs, pollution prevention, and increasing consumer
   konsumen akan kualitas udara.                                      awareness of air quality.


Jenis Layanan                                                      Type of Service
Toko Electronic City                                               Electronic City Store
Perseroan menjalankan strategi pemasaran dengan                    The Company carries out marketing strategies by
mendirikan toko-toko untuk memberikan pengalaman                   establishing stores to provide a satisfying shopping
berbelanja yang memuaskan bagi pelanggan. Perseroan                experience for customers. The Company strives to choose
berupaya untuk memilih lokasi toko yang fleksibel dan              flexible and strategic store locations in areas with high
strategis di daerah dengan tingkat kepadatan penduduk              population density and easy to reach, such as in shopping
yang tinggi dan mudah dijangkau, seperti di pusat                  centers, store complexes, or even as stand-alone stores.
perbelanjaan, kompleks toko, atau bahkan sebagai toko
tunggal yang berdiri sendiri (stand-alone).

Per Desember 2023, Perseroan telah mendirikan dan                  As of December 2023, the Company has established and
mengelola sebanyak 60 toko dengan karakteristik toko               managed 60 stores with the following store characteristics.
sebagai berikut.                                                   • The main target market is for upper-middle-class
• Target market utama konsumen kelas menengah ke                     consumers.
  atas.                                                            • The appearance of the store and the presentation of
• Tampilan toko dan penyajian produk menggunakan                     products use the concept of blue shades.
  konsep bernuansa biru.                                           • Generally, the gross sales area of the store is between
• Umumnya luas area penjualan bruto toko antara 300 m2               300 m2 to 4,000 m2 with the largest store located in
  sampai dengan 4.000 m2 dengan toko terbesar berlokasi              SCBD Jakarta with a net sales area of 3,925 m2. Overall,
  di SCBD Jakarta dengan luas area penjualan neto 3.925              the total gross sales area of 66 Electronic City stores is
  m2. Secara keseluruhan, total luas area penjualan bruto            56,265.8 m2.
  66 toko Electronic City adalah 56.265,8 m2.




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           Performance Glimpses                                                   Management Reports                                    Company Profile




     Informasi toko Perseroan di                          berbagai         wilayah          Information of the Company’s stores in various regions is
     diungkapkan pada tabel berikut.                                                        disclosed in the following table.


                                                           Area Penjualan                                                   Mulai Beroperasi
                        Nama Toko                              Bruto                           Tipe Lokasi
                                                                                              Location Type                 Commencement of
                        Store Name                           Gross Sales                                                       Operation
                                                              Area (m2)


       Jakarta
       SCBD – Sudirman                                           3.925,0             Berdiri sendiri Stand Alone       September 2001
       Lippo Mall Puri                                           1.020,9             Mall                              October 2004
       Lippo Plaza Kramat Jati                                     541,3             Mall                              March 2012
       Pondok Indah Mall                                         1.843,7             Mall                              May 2013
       Ruko Pejaten                                                969,9             Ruko Shophouse                    June 2013
       Ruko Buaran                                                 625,0             Ruko Shophouse                    June 2013
       Ruko Rawamangun                                           1.352,2             Ruko Shophouse                    July 2013
       Ruko Ampera                                                 745,0             Ruko Shophouse                    September 2013
       Ruko Tebet                                                1.000,0             Ruko Shophouse                    December 2013
       Mall Cipinang Indah                                       1.075,0             Mall                              March 2014
       Green Terrace                                               848,7             Mall                              July 2014
       Ujung Menteng                                             2.059,0             Berdiri sendiri Stand Alone       December 2014
       Kota Kasablanka                                           1.753,0             Mall                              March 2019
       Mall Taman Anggrek                                          773,0             Mall                              April 2022
       Gandaria City                                               800,0             Mall                              April 2022
       PIK Avenue                                                  827,1             Mall                              April 2022
       Mall Artha Gading – Kelapa Gading                         1.202,2             Mall                              October 2022

       Bogor
       Mall Botani Square                                        1.673,3             Mall                              October 2006
       Bogor Trade Mall                                            420,5             Mall                              May 2013
       Metropolitan Mall Cileungsi                                 804,5             Mall                              28 April 2017
       Cibinong City Mall                                          813,6             Mall                              September 2019
       BAG Bogor                                                   330,0             Gedung sewa Leased Building       December 2020

       Depok
       Margo City Depok                                          1.232,0             Mall                              September 2006
       Ruko Cinere                                               1.106,0             Ruko Shophouse                    October 2012
       The Park Sawangan                                           417,6             Mall                              April 2021

       Tangerang
       Supermal Karawaci                                         1.464,8             Mall                              November 2005
       Bintaro                                                   1.862,0             Berdiri sendiri Stand Alone       October 2012
       Pamulang Terrace                                            691,0             Ruko Shophouse                    August 2012
       Alam Sutera                                               1532,0              Berdiri sendiri Stand Alone       November 2013
       Tang City Mall                                              833,0             Mall                              March 2019
       Mal Ciputra Citra Raya Cikupa                               500,0             Mall                              March 2021

       Bekasi
       Revo Town Bekasi                                            682,6             Mall                              July 2008
       Mal Metropolitan                                            688,5             Mall                              March 2011
       Plaza Cibubur                                               622,9             Mall                              June 2012
       Ruko Cikarang                                               945,0             Ruko Shophouse                    July 2013
       Ruko Jababeka                                               469,4             Ruko Shophouse                    September 2013
       Mal Lippo Cikarang                                          658,8             Mall                              December 2019

       Cilegon
       Cilegon Center Mall                                         631,3             Mall                              November 2018




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   Management Discussion And Analysis                    Good Corporate Governance                                    Sustainability Report




                                        Area Penjualan                                                        Mulai Beroperasi
               Nama Toko                    Bruto                  Tipe Lokasi
                                                                  Location Type                               Commencement of
               Store Name                 Gross Sales                                                            Operation
                                           Area (m2)


Bandung
Ruko Purwakarta                                432,0     Ruko Shophouse                              April 2013
Jatinangor Town Square                         358,6     Mall                                        May 2013
Citimal Cianjur                                685,4     Mall                                        December 2013
23 Paskal Bandung                              485,0     Mall                                        April 2022

Pekalongan
Plaza Pekalongan                               460,5     Mall                                        February 2014

Medan
Center Point Medan                           1.067,0     Mall                                        March 2014
Plaza Medan Fair                             1.094,6     Mall                                        April 2015

Batam
Nagoya Hills                                   607,9     Mall                                        September 2020

Bali
Discovery Shopping Mall                        249,0     Mall                                        October 2004
Ruko Teuku Umar Bali                            700      Ruko Shophouse                              Desember 2023

Lampung
Ruko Kartini                                   541,0     Ruko Shophouse                              September 2013
Boemi Kedaton                                  890,0     Mall                                        April 2015

Padang
SPR Plaza Padang                                437      Mall                                        September 2022

Kendari
Lippo Plaza Kendari                            694,1     Mall                                        March 2014
BAG Kendari                                    449,0     Gedung sewa Leased Building                 September 2020

Magelang
Armada Town Square                             908,9     Mall                                        June 2014

Pekanbaru
SKA Mall Pekanbaru                             819,6     Mall                                        October 2018

Makassar
Mall Panakukang                                715,9     Mall                                        May 2019

Palembang
Palembang Icon                                 481,7     Mall                                        June 2014
OPI Mall                                       320,8     Mall                                        September 2019

Pontianak
GAIA Bumi Raya City Mall                       517,9     Mall                                        January 2021

Manado
Manado Town Square                             504,7     Mall                                        November 2021




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           Performance Glimpses                                                   Management Reports                                       Company Profile




     E – commerce                                                                              E – Commerce
     Perkembangan teknologi dan internet yang terjadi                                          The rapid development of technology and the internet
     secara pesat berdampak pada perubahan bisnis di                                           has an impact on business changes in Indonesia with
     Indonesia dengan maraknya penggunaan e-commerce.                                          the widespread use of e-commerce. The increasing use
     Meningkatnya penggunaan e-commerce mendorong                                              of e-commerce encourages the Company to innovate
     Perseroan untuk berinovasi dalam memasarkan                                               in marketing products and providing easy services to
     produk dan memberikan layanan yang mudah kepada                                           customers. In 2012, the Company launched an e-commerce
     pelanggan. Pada tahun 2012, Perseroan meluncurkan                                         platform through its official website, www.eci.id. With this
     platform e-commerce melalui situs resmi, yaitu www.eci.id.                                site, it is able to maintain the Company’s brand image
     Dengan adanya situs tersebut, mampu mempertahankan                                        online and attract customers to purchase products online.
     brand image Perseroan secara online dan menjaring                                         Products provided on the website are preferably products
     pelanggan untuk melakukan pembelian produk secara                                         that are easy to sell and ship at a product price that is no
     online. Produk yang disediakan di situs web diutamakan                                    different from the price in retail stores. In addition, the
     produk yang mudah terjual dan dikirim dengan harga                                        Company provides payment methods through credit
     produk yang tidak berbeda dengan harga di toko ritel.                                     cards and debit cards. In 2023, the results of sales through
     Selain itu, Perseroan menyediakan metode pembayaran                                       e-commerce are depicted in the following chart.
     melalui kartu kredit dan kartu debit. Pada tahun 2023,
     hasil penjualan melalui e-commerce digambarkan pada
     bagan berikut.




                        Jan          Feb         Mar          Apr          Mei           Jun        Jul     Aug          Sep   Okt       Nov       Dec


                                                             2020                2021              2022           2023




     E-Cityzen                                                                                 E-Cityzen
     Dalam upaya mempertahankan kepercayaan dan                                                In an effort to maintain customer trust and satisfaction,
     kepuasaan pelanggan, Perseroan mengembangkan                                              the Company developed an innovation in the form of
     inovasi dalam bentuk program keanggotaan Electronic                                       an Electronic City (E-Cityzen) membership program in
     City (E-Cityzen) pada Desember 2017 dengan pengguna                                       December 2017 with users as of December 2023 reaching
     per Desember 2023 mencapai 622.080 orang. Melalui                                         622,080 people. Through this program, customers get
     program tersebut, pelanggan mendapatkan promo                                             attractive member promos for every transaction of
     member yang menarik setiap transaksi sebesar                                              Rp100,000, and get 1 point that can be collected and
     Rp100.000, dan mendapatkan 1 poin yang dapat                                              exchanged for products, gimmicks, and other services.
     dikumpulkan dan ditukarkan dengan produk, gimmick,
     dan jasa-jasa servis lainnya.




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    Management Discussion And Analysis                  Good Corporate Governance                                    Sustainability Report




eci.id                                                        eci.id
eci.id merupakan aplikasi online yang disediakan oleh         eci.id is an online application provided by the Company to
Perseroan untuk memberikan kemudahan pelanggan                provide convenience for customers in transacting anywhere
dalam bertransaksi di manapun dan kapanpun. Aplikasi          and anytime. This application can be downloaded on the
ini dapat diunduh di Play Store atau App Store, serta         Play Store or App Store, as well as shopping easily. Users can
berbelanja dengan mudah. Pengguna dapat memilih               choose electronic needs with a variety of choices ranging
kebutuhan elektronik dengan beragam pilihan mulai             from TV & Audio, Refrigerator, Washing Machine, Air
dari TV & Audio, Kulkas, Mesin Cuci, Air Conditioner,         Conditioner, Camera, Smartphone & Gadget, and others.
Kamera, Smartphone & Gadget, dan lainnya. Aplikasi eci.       The eci.id application also provides various services such as
id juga menyediakan berbagai layanan seperti pick-up          pick-up and various attractive promos, such as CITY DEALS
dan beragam promo menarik, seperti DEALS CITY up to           up to 70%, Purchase With Purchase (PWP), and Redeem
70%, Tebus Murah, dan Redeem Store.                           Store.




Gudang Distribusi                                             Distribution Warehouse
Per Desember 2023, Perseroan memiliki 10 gudang               As of December 2023, the Company has 10 distribution
distribusi yang tersebar di 3 wilayah, yaitu Jawa,            warehouses spread across 3 regions, which are in Java,
Sulawesi, dan Sumatera. Selain itu, Perseroan memiliki 60     Sulawesi and Sumatra. In addition, the Company has 60
mobil operasional di gudang untuk memenuhi layanan            operational cars in the warehouse to fulfill customer express
express delivery pelanggan, dengan proses pengantaran         delivery services, with the process of delivering goods
barang dalam waktu 6 jam sudah terkirim. Informasi            within 6 hours has been delivered. Information related to
terkait gudang distribusi Perseroan diuraikan pada tabel      the Company’s distribution warehouses is described in the
berikut.                                                      following table.


                      Lokasi Location                                       Luas Area Bruto Gross Area (m2)

   Ujung Menteng, Jakarta Timur                                                                   300
   Curug, Tangerang                                                                            1.833
   Citeureup, Bogor                                                                          10.370
   Bandung, Jawa Barat                                                                            540
   Tembung, Medan                                                                                 816
   Palembang, Sumatera Selatan                                                                    606
   Batam, Kepulauan Riau                                                                          286
   Lampung, Bandar Lampung                                                                        380
   Makassar, Sulawesi Selatan                                                                     330
   Kendari, Sulawesi Tenggara                                                                     325
   Total                                                                                    15.283




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           Performance Glimpses                                                   Management Reports                              Company Profile




     Wilayah Operasional                                                                 Operational Area
     • Mengoperasikan 60 toko yang tersebar di Jawa, Bali,                               • Operates 60 stores spread across Java, Bali, Sumatra,
       Sumatera, Kalimantan, dan Sulawesi.                                                 Kalimantan and Sulawesi.
     • Mempunyai 10 Gudang Distribusi, yang berlokasi di                                 • It has 10 Distribution Warehouses, located in Jakarta,
       Jakarta, Tangerang, Bogor, Bandung, Medan, Bandar                                   Tangerang, Bogor, Bandung, Medan, Bandar Lampung,
       Lampung, Batam, Makassar, Palembang, dan Kendari.                                   Batam, Makassar, Palembang, and Kendari.




            9 Stores
              4 DC



                                                                                                           1 Store




                                                                                                          44 Stores
                                                                                                            4 DC
                                                                                                                                                      2 Store




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                                          EC STORE
                                          Warehouse / DC
4 Stores
  2 DC




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                                                                                                             Board Of
                                                                                                           Commissioners

                                                                                                         Hartono Tjahjadi Adiwana
                                                                                                       Josephine Sukmadewi Karjadi
                                                                                                               Ku Siew Kuan
                                                                                                             Ratu Tisha Destria
                                                                                                                Vivi Henny




                                                                                                          President Director
                                                                                                                 Wiradi




                                                             Internal Audit
                                                                   Yuni Anna




                    Dedi Djafarli                                           FA Tri Agus Winarko                      Lenny Susilawaty
                                                                                                                         Jamadi

              Director of Finance                                             Director of Retail                   Director of Wholesales
            Accounting, Tresury & IT                                           Sales & Logistic




                  Finance & Treasury                                               Sales Offline                             B2B




                      Accounting                                                   Sales Online                              OEM




                      Information
                                                                                     Logistic                             Procurement
                      Technology




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Management Discussion And Analysis               Good Corporate Governance                                          Sustainability Report




                                                                           STRUKTUR ORGANISASI
                                                                           ORGANIZATIONAL STRUCTURE




                 Corporate Secretary
                      Widi Satya Chitra




       Lyvia Mariana                        Roland Hutapea                                                 Widi Satya Chitra


    Director of Product,                  Director of HRD, GA &                                          Director of Business
     SnDP & Marketing                           Aftersales                                                 Development &
                                                                                                         Corporate Secretary




          Product &                                                                                        Corporate Secretary &
                                             Human Resources
     Product Development                                                                                          Legal




                                             General Affairs &
  Supply & Demand Planning                                                                                Business Development
                                              Maintenance




          Marketing                             After Sales                                                 Asset Management




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     PROFIL DEWAN KOMISARIS                                                                       BOARD OF COMMISSIONERS PROFILE


                                                                           Warga Negara            Indonesia
                                                                                 Citizen           Indonesia

                                                                                         Usia      54 tahun
                                                                                         Age       54 years old

                                                                                  Domisili         Jakarta
                                                                                  Domicile         Jakarta

                                                                    Riwayat Penunjukan             • Akta No. 56 dari Notaris Humberg Lie, SH, SE Mkn tanggal 13 Juli
                                                                    Appointment History              2022.
                                                                                                   • Akta No. 73 dari Notaris Humberg Lie, SH, SE Mkn tanggal 26 Juli
                                                                                                     2023.
                                                                                                   • Deed No. 56 of Notary Humberg Lie, SH, SE Mkn dated July 13th 2022.
                                                                                                   • Deed No. 73 of Notary Humberg Lie, SH, SE Mkn dated July 26th 2023.



                                                                     Riwayat Pendidikan            Bachelor of Arts major in Economics dari American College
                                                                   Education Background            Singapore pada tahun 1992.
                                                                                                   Bachelor of Arts major in Economics from American College Singapore
                                                                                                   in 1992.

                                                                       Pengalaman Kerja            • Wakil Direktur Utama di PT Danayasa Arthatama Tbk (1998 –
                                                                         Work Experience             2012).
                                                                                                   • Komisaris Utama di PT Artha Telekomindo (1998–2006).
                                                                                                   • Komisaris di PT Dharma Harapan Raya (1998 -2018).
                                                                                                   • Direktur Utama di PT Citra Wiradaya (2000–2008).
                                                                                                   • Komisaris di PT Danayasa Arthatama Tbk (2012–2020).
                                                                                                   • Wakil Presiden Direktur di PT Jakarta International Hotels &
                                                                                                     Development Tbk (2013–2017).
                                                                                                   • Presiden Direktur di PT Jakarta International Hotels & Development
                                                                                                     Tbk (2017-2020).
                                                                                                   • Vice President Director of PT Danayasa Arthatama Tbk (1998 – 2012).
                                                                                                   • President Commissioner of PT Artha Telekomindo (1998–2006).
                                                                                                   • Commissioner of PT Dharma Harapan Raya (1998 -2018).
                                                                                                   • President Director of PT Citra Wiradaya (2000–2008).
                                                                                                   • Commissioner of PT Danayasa Arthatama Tbk (2012–2020).
                                                                                                   • Vice President Director of PT Jakarta International Hotels &
                                                                                                     Development Tbk (2013–2017).
                                                                                                   • President Director of PT Jakarta International Hotels & Development
                                                                                                     Tbk (2017-2020).


                                                                       Rangkap Jabatan             • Komisaris di PT Pacific Place Jakarta (2007–sekarang).
                                                                     Concurrent Positions          • Komisaris Utama di PT Dharma Harapan Raya (2018–sekarang).
                                                                                                   • Wakil Presiden Komisaris di PT Jakarta International Hotels &
                                                                                                      Development Tbk (2020–sekarang).
                                                                                                   • Komisaris di PT Danayasa Arthatama (2020–sekarang).
                                                                                                   • Commissioner of PT Pacific Place Jakarta (2007–present).
                                                                                                   • President Commissioner of PT Dharma Harapan Raya (2018–
                                                                                                      present).
              Hartono Tjahjadi                                                                     • Vice President Commissioner of PT Jakarta International Hotels &
                                                                                                      Development Tbk (2020–present).
                  Adiwana                                                                          •  Commissioner of PT Danayasa Arthatama (2020–present).

                                                                       Hubungan Afiliasi           Tidak memiliki hubungan kepengurusan dan kekeluargaan dengan
                                                                             Affiliation           anggota Dewan Komisaris lainnya, Direksi, serta Pemegang Saham
                Komisaris Utama                                                                    Utama dan Pengendali.
             President Commissioner                                                                Has no management or familial relationship with other members of
                                                                                                   the Board of Commissioners, Directors, and Major and Controlling
                                                                                                   Shareholders.




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       Analisis Dan Pembahasan Manajemen                                           Tata Kelola Perusahaan                                         Laporan Keberlanjutan
       Management Discussion And Analysis                                          Good Corporate Governance                                      Sustainability Report




                                                                          Warga Negara         Indonesia
                                                                                Citizen        Indonesia

                                                                                      Usia     67 tahun
                                                                                      Age      67 years old

                                                                                 Domisili      Jakarta
                                                                                 Domicile      Jakarta

                                                                   Riwayat Penunjukan          Akta No. 56 dari Notaris Humberg Lie, SH, SE Mkn tanggal 13 Juli
                                                                   Appointment History         2022.
                                                                                               Deed No. 56 of Notary Humberg Lie, SH, SE Mkn dated July 13th 2022.


                                                                   Riwayat Pendidikan          Sarjana Akuntansi dari STIE Kampung Ambon, Jakarta pada tahun
                                                                 Education Background          1989.
                                                                                               Bachelor of Accounting from STIE Kampung Ambon, Jakarta in 1989.

                                                                      Pengalaman Kerja         • Auditor di Kantor Auditor Hanadi Rahardja & Co (1983-1986).
                                                                        Work Experience        • Internal Auditor di PT Sasana Cakara Mekar Jaya (1986-1990).
                                                                                               • Finance Manager di PT Danayasa Arthatama (1990-1995).
                                                                                               • Finance Manager di PT Buanagraha Arthaprima (1995-2013).
                                                                                               • Finance & Accounting Manager di PT Sari Graha Arthatama (2006-
                                                                                                 2012).
                                                                                               • Anggota Komite Audit di PT Jakarta International Hotels &
                                                                                                 Development Tbk (2012-2020).
                                                                                               • Komisaris Independen di PT Electronic City Indonesia Tbk (2018 - 5
                                                                                                 Mei 2020).
                                                                                               • Direktur Utama di PT Electronic City Indonesia Tbk (5 Mei 2020-10
                                                                                                 Agustus 2020).
                                                                                               • Auditor at the Office of Auditor Hanadi Rahardja & Co (1983-1986).
                                                                                               • Internal Auditor at PT Sasana Cakara Mekar Jaya (1986-1990).
                                                                                               • Finance Manager at PT Danayasa Arthatama (1990-1995).
                                                                                               • Finance Manager at PT Buanagraha Arthaprima (1995-2013).
                                                                                               • Finance & Accounting Manager at PT Sari Graha Arthatama (2006-
                                                                                                 2012).
                                                                                               • Member of Audit Committee at PT Jakarta International Hotels &
                                                                                                 Development Tbk (2012-2020).
                                                                                               • Independent Commissioner of PT Electronic City Indonesia Tbk (2018-
                                                                                                 5 May 2020).
                                                                                               • President Director of PT Electronic City Indonesia Tbk (5 May 2020-10
                                                                                                 August 2020).

                                                                      Rangkap Jabatan          Anggota Komite Audit Perseroan (sejak Agustus 2023).
                                                                    Concurrent Positions       Member of the Companys Audit Committee (since August 2023).

                                                                      Hubungan Afiliasi        Tidak memiliki hubungan kepengurusan dan kekeluargaan dengan
                                                                            Affiliation        anggota Dewan Komisaris lainnya, Direksi, serta Pemegang Saham
                                                                                               Utama dan Pengendali.
                                                                                               Has no management or familial relationship with other members of
                                                                                               the Board of Commissioners, Directors, and Major and Controlling
                                                                                               Shareholders.
       Rahmat Adi Sutikno
           Halim1)

        Wakil Komisaris Utama
     Vice President Commissioner




1) efektif mengundurkan diri sesuai keputusan RUPS Tahunan pada tanggal 27 Juni 2023.
1) effectively resigned in accordance with the decision of the Annual GMS on June 27 2023.




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            Kilas Kinerja                                                                Laporan Manajemen                                                  Profil Perusahaan
            Performance Glimpses                                                         Management Reports                                                 Company Profile




                                                                                  Warga Negara            Indonesia
                                                                                        Citizen           Indonesia

                                                                                                 Usia     51 tahun
                                                                                                 Age      51 years old

                                                                                         Domisili         Jakarta
                                                                                         Domicile         Jakarta

                                                                          Riwayat Penunjukan              Akta No. 73 dari Notaris Humberg Lie, SH, SE Mkn tanggal 26 Juli
                                                                          Appointment History             2023.
                                                                                                          Deed No. 73 of Notary Humberg Lie, SH, SE Mkn dated July 26th 2023.


                                                                           Riwayat Pendidikan             Menempuh Pendidikan Manajemen di Universitas Katolik Atma Jaya
                                                                         Education Background             pada tahun 1990.
                                                                                                          Studied Management at Atma Jaya Catholic University in 1990.

                                                                             Pengalaman Kerja             Meniti karier di Mulia Group sejak tahun 1993 sampai dengan bulan
                                                                               Work Experience            Januari 2001.
                                                                                                          Pursued her career at Mulia Group from 1993 to January 2001.

                                                                             Rangkap Jabatan              -
                                                                           Concurrent Positions

                                                                              Hubungan Afiliasi           Tidak memiliki hubungan kepengurusan dan kekeluargaan dengan
                                                                                    Affiliation           anggota Dewan Komisaris lainnya, Direksi, serta Pemegang Saham
                                                                                                          Utama dan Pengendali.
                                                                                                          Has no management or familial relationship with other members of
                                                                                                          the Board of Commissioners, Directors, and Major and Controlling
                                                                                                          Shareholders.




                      Josephine
                     Sukmadewi
                       Karjadi2)

                        Komisaris
                      Commissioner




     2) efektif menjabat sesuai keputusan RUPS Tahunan pada tanggal 27 Juni 2023.
     2) effectively serving in accordance with the decision of the Annual GMS on June 27 2023.




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Analisis Dan Pembahasan Manajemen                 Tata Kelola Perusahaan                                         Laporan Keberlanjutan
Management Discussion And Analysis                Good Corporate Governance                                      Sustainability Report




                                            Warga Negara      Singapura
                                                  Citizen     Singapore

                                                     Usia     52 tahun
                                                     Age      52 years old

                                                 Domisili     Jakarta
                                                 Domicile     Jakarta

                                      Riwayat Penunjukan      • Akta No. 56 dari Notaris Humberg Lie, SH, SE Mkn tanggal 13 Juli
                                      Appointment History       2022.
                                                              • Akta No. 73 dari Notaris Humberg Lie, SH, SE Mkn tanggal 26 Juli
                                                                2023.
                                                              • Deed No. 56 of Notary Humberg Lie, SH, SE Mkn dated July 13th 2022.
                                                              • Deed No. 73 of Notary Humberg Lie, SH, SE Mkn dated July 26th 2023.



                                       Riwayat Pendidikan     • Sarjana Sains (Hons), University of London.
                                     Education Background     • Master Administrasi Bisnis, University of Hull, United Kingdom.
                                                              • Bachelor of Science (Hons), University of London
                                                              • Master of Business Administration, University of Hull, United Kingdom


                                        Pengalaman Kerja      • Direktur di Penggerang Private Ltd., Singapura (1995-2008).
                                          Work Experience     • Advisor di PT Dharma Harapan Raya (2008–2017).
                                                              • Director at Penggerang Private Ltd., Singapore (1995-2008).
                                                              • Advisor at PT Dharma Harapan Raya (2008–2017).

                                        Rangkap Jabatan       • Komisaris Independen di PT Jakarta International Hotel &
                                      Concurrent Positions      Development Tbk (2017–sekarang).
                                                              • Anggota Komite Audit di PT Jakarta International Hotels &
                                                                Development Tbk (2018–sekarang).
                                                              • Independent Commissioner of PT Jakarta International Hotel &
                                                                Development Tbk (2017–present).
                                                              • Member of Audit Committee at PT Jakarta International Hotels &
                                                                Development Tbk (2018–present).

                                        Hubungan Afiliasi     Tidak memiliki hubungan kepengurusan dan kekeluargaan dengan
                                              Affiliation     anggota Dewan Komisaris lainnya, Direksi, serta Pemegang Saham
                                                              Utama dan Pengendali.
                                                              Has no management or familial relationship with other members of
                                                              the Board of Commissioners, Directors, and Major and Controlling
                                                              Shareholders.




     Ku Siew Kuan
  Komisaris Independen
      Independent
     Commissioner




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           Kilas Kinerja                                                          Laporan Manajemen                                                  Profil Perusahaan
           Performance Glimpses                                                   Management Reports                                                 Company Profile




                                                                            Warga Negara          Indonesia
                                                                                  Citizen         Indonesia

                                                                                         Usia     38 tahun
                                                                                         Age      38 Years Old

                                                                                   Domisili       Jakarta
                                                                                   Domicile       Jakarta

                                                                     Riwayat Penunjukan           • Akta No. 56 dari Notaris Humberg Lie, SH, SE Mkn tanggal 13 Juli
                                                                     Appointment History            2022.
                                                                                                  • Akta No. 73 dari Notaris Humberg Lie, SH, SE Mkn tanggal 26 Juli
                                                                                                    2023.
                                                                                                  • Deed No. 56 of Notary Humberg Lie, SH, SE Mkn dated July 13th 2022.
                                                                                                  • Deed No. 73 of Notary Humberg Lie, SH, SE Mkn dated July 26th 2023.



                                                                      Riwayat Pendidikan          • FIFA Master Graduate Edisi ke-14, Master Internasional dalam
                                                                    Education Background            Humaniora Olahraga, Manajemen Olahraga, Hukum Olahraga.
                                                                                                    Penelitian dalam Kolaborasi Olahraga Internasional dan Olahraga
                                                                                                    Industri.
                                                                                                  • Sarjana Matematika, Spesialis Utama Aljabar. Institut Teknologi
                                                                                                    Bandung, Indonesia.
                                                                                                  • Pimpinan Duta Besar Indonesia AFS International Exchange
                                                                                                    Student untuk Jerman.
                                                                                                  • FIFA Master Graduate 14th Edition, International Master’s in
                                                                                                    Sports Humanities, Sports Management, Sports Law. Research in
                                                                                                    International Sports Collaboration and Industrial Sports.
                                                                                                  • Bachelor of Mathematics, Main Specialist in Algebra. Bandung
                                                                                                    Institute of Technology, Indonesia.
                                                                                                  • Head of the Indonesian Ambassador of AFS International Exchange
                                                                                                    Student to Germany.

                                                                        Pengalaman Kerja          Sekretaris Jenderal Persatuan Sepak Bola Seluruh Indonesia (PSSI)
                                                                          Work Experience         (2017-2020).
                                                                                                  Secretary General of the Indonesian Football Association (PSSI) (2017-
                                                                                                  2020).

                                                                        Rangkap Jabatan           Wakil  Ketua Umum Persatuan Sepak  Bola Seluruh Indonesia (PSSI)
                                                                      Concurrent Positions        (2023-2027)
                                                                                                  Deputy General Chair of the Indonesian Football Association (IFA)
                                                                                                  (2023-2027)

                                                                        Hubungan Afiliasi         Tidak memiliki hubungan kepengurusan dan kekeluargaan dengan
                                                                              Affiliation         anggota Dewan Komisaris lainnya, Direksi, serta Pemegang Saham
                                                                                                  Utama dan Pengendali.
                                                                                                  Has no management or familial relationship with other members of
                                                                                                  the Board of Commissioners, Directors, and Major and Controlling
                                                                                                  Shareholders.


              Ratu Tisha Destria

              Komisaris Independen
                  Independent
                 Commissioner




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Analisis Dan Pembahasan Manajemen                Tata Kelola Perusahaan                                          Laporan Keberlanjutan
Management Discussion And Analysis               Good Corporate Governance                                       Sustainability Report




                                            Warga Negara      Indonesia
                                                  Citizen     Indonesia

                                                     Usia     39 tahun
                                                     Age      39 Years Old

                                                 Domisili     Jakarta
                                                 Domicile     Jakarta

                                      Riwayat Penunjukan      • Akta No. 56 dari Notaris Humberg Lie, SH, SE Mkn tanggal 13 Juli
                                      Appointment History       2022.
                                                              • Akta No. 73 dari Notaris Humberg Lie, SH, SE Mkn tanggal 26 Juli
                                                                2023.
                                                              • Deed No. 56 of Notary Humberg Lie, SH, SE Mkn dated July 13th 2022.
                                                              • Deed No. 73 of Notary Humberg Lie, SH, SE Mkn dated July 26th 2023.



                                       Riwayat Pendidikan     Sarjana Bisnis dalam Manajemen Perhotelan, Universitas La Trobe,
                                     Education Background     Campus Sydney, New South Wales.
                                                              Bachelor of Business in Hospitality Management, La Trobe University,
                                                              Sydney Campus, New South Wales.

                                        Pengalaman Kerja      -
                                          Work Experience

                                        Rangkap Jabatan       Ketua Komite Audit Perseroan (sejak September 2020).
                                      Concurrent Positions    Chairman of the Company’s Audit Committee (since September 2020).


                                        Hubungan Afiliasi     Tidak memiliki hubungan kepengurusan dan kekeluargaan dengan
                                              Affiliation     anggota Dewan Komisaris lainnya, Direksi, serta Pemegang Saham
                                                              Utama dan Pengendali.
                                                              Has no management or familial relationship with other members of
                                                              the Board of Commissioners, Directors, and Major and Controlling
                                                              Shareholders.




        Vivi Henny
   Komisaris Independen
       Independent
      Commissioner




                                                              PT Electronic City Indonesia Tbk - 2023 Annual Report and Sustainability Report   61
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           Kilas Kinerja                                                          Laporan Manajemen                                                     Profil Perusahaan
           Performance Glimpses                                                   Management Reports                                                    Company Profile




     PROFIL DIREKSI                                                                               BOARD OF DIRECTORS PROFILE


                                                                           Warga Negara            Indonesia
                                                                                 Citizen           Indonesia

                                                                                         Usia      46 tahun
                                                                                         Age       46 Years Old

                                                                                 Domisili          Jakarta
                                                                                 Domicile          Jakarta

                                                                    Riwayat Penunjukan             • Akta No. 56 dari Notaris Humberg Lie, SH, SE Mkn tanggal 13 Juli
                                                                    Appointment History              2022.
                                                                                                   • Akta No. 73 dari Notaris Humberg Lie, SH, SE Mkn tanggal 26 Juli
                                                                                                     2023.
                                                                                                   • Deed No. 56 of Notary Humberg Lie, SH, SE Mkn dated July 13th
                                                                                                     2022.
                                                                                                   • Deed No. 73 of Notary Humberg Lie, SH, SE Mkn dated July 26th
                                                                                                     2023.

                                                                    Riwayat Pendidikan             Sarjana Akuntansi dari Universitas Bina Nusantara pada tahun
                                                                  Education Background             1999.
                                                                                                   Bachelor of Accounting from Bina Nusantara University in 1999.

                                                                       Pengalaman Kerja            • Memulai kariernya di PT Electronic City Indonesia Tbk pada 2001
                                                                         Work Experience             sebagai Senior Supervisor Merchandising, Kepala Toko, Regional
                                                                                                     Sales Manager, kemudian dipercaya untuk memegang jabatan
                                                                                                     General Manager Divisi Marketing.
                                                                                                   • Direktur di PT Electronic City Indonesia Tbk (2018-2019).
                                                                                                   • Dewan Komisaris di PT Electronic City IndonesiaTbk (5 Mei
                                                                                                     2020–10Agustus 2020).
                                                                                                   • Startedhis career at PT ElectronicCity IndonesiaTbk in 2001 as Senior
                                                                                                     Supervisor Merchandising, Store Manager, Regional Sales Manager,
                                                                                                     then trusted to hold the position of General Manager of Marketing
                                                                                                     Division.
                                                                                                   • Director of PT Electronic City Indonesia Tbk (2018-2019).
                                                                                                   • Board of Commissioners at PT Electronic City Indonesia Tbk (5 May
                                                                                                     2020–10 August 2020).

                                                                       Rangkap Jabatan             -
                                                                     Concurrent Positions

                                                                       Hubungan Afiliasi           Tidak memiliki hubungan kepengurusan dan kekeluargaan
                                                                             Affiliation           dengan anggota Dewan Komisaris, anggota Direksi lainnya, serta
                                                                                                   Pemegang Saham Utama dan Pengendali.
                                                                                                   Has no management or familial relationship with members of the
                                                                                                   Board of Commissioners, other members of the Board of Directors, as
                                                                                                   well as Major and Controlling Shareholders.




                       Wiradi

                 Direktur Utama
                President Director




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Analisis Dan Pembahasan Manajemen                Tata Kelola Perusahaan                                          Laporan Keberlanjutan
Management Discussion And Analysis               Good Corporate Governance                                       Sustainability Report




                                            Warga Negara        Indonesia
                                                  Citizen       Indonesia

                                                     Usia       45 tahun
                                                     Age        45 Years Old

                                                 Domisili       Jakarta
                                                 Domicile       Jakarta

                                      Riwayat Penunjukan        • Akta No. 56 dari Notaris Humberg Lie, SH, SE Mkn tanggal 13 Juli
                                      Appointment History         2022.
                                                                • Akta No. 73 dari Notaris Humberg Lie, SH, SE Mkn tanggal 26 Juli
                                                                  2023.
                                                                • Deed No. 56 of Notary Humberg Lie, SH, SE Mkn dated July 13th
                                                                  2022.
                                                                • Deed No. 73 of Notary Humberg Lie, SH, SE Mkn dated July 26th
                                                                  2023.

                                       Riwayat Pendidikan       Sarjana Akuntansi dari Universitas Bung Hatta pada 2001.
                                     Education Background       Bachelor of Accounting from Hatta University in 2001.

                                        Pengalaman Kerja        • Finance & Accounting Assistant Manager di PT Brataco Chemika
                                          Work Experience         (2003-2008).
                                                                • Finance & Accounting Manager di PT Ayu Agung (2008-2011).
                                                                • Finance & Accounting Assistant Manager at PT Brataco Chemika
                                                                  (2003-2008).
                                                                • Finance & Accounting Manager at PT Ayu Agung (2008-2011).

                                        Rangkap Jabatan         Anggota Komite Audit PT Jakarta International Hotels &
                                      Concurrent Positions      Development (2021-sekarang).
                                                                Member of Audit Committee of PT Jakarta International Hotels &
                                                                Development (2021-present).

                                        Hubungan Afiliasi       Tidak memiliki hubungan kepengurusan dan kekeluargaan
                                              Affiliation       dengan anggota Dewan Komisaris, anggota Direksi lainnya, serta
                                                                Pemegang Saham Utama dan Pengendali.
                                                                Has no management or familial relationship with members of the
                                                                Board of Commissioners, other members of the Board of Directors, as
                                                                well as Major and Controlling Shareholders.




     Dedy Djafarli

          Direktur
          Director




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             Kilas Kinerja                                                                  Laporan Manajemen                                                Profil Perusahaan
             Performance Glimpses                                                           Management Reports                                               Company Profile




                                                                                    Warga Negara          Indonesia
                                                                                          Citizen         Indonesia

                                                                                                 Usia     57 tahun
                                                                                                 Age      57 Years Old

                                                                                          Domisili        Jakarta
                                                                                          Domicile        Jakarta

                                                                            Riwayat Penunjukan            Akta No. 73 dari Notaris Humberg Lie, SH, SE Mkn tanggal 26 Juli
                                                                            Appointment History           2023.
                                                                                                          Deed No. 73 of Notary Humberg Lie, SH, SE Mkn dated July 26th
                                                                                                          2023.

                                                                            Riwayat Pendidikan            Sarjana Ekonomi Manajemen dari Universitas Atma Jaya
                                                                          Education Background            Yogyakarta pada 1993.
                                                                                                          Bachelor of Economic in Faculty of Management   from Atma Jaya
                                                                                                          Yogyakarta Univesity in 1993.

                                                                               Pengalaman Kerja           • Medical Representatives Sales di PT Sterling Winthrop (1993 –
                                                                                 Work Experience            1996).
                                                                                                          • Area Sales Manager Jabodetabek di PT Sanofi – Synthelabo (1997
                                                                                                            – 2000).
                                                                                                          • National Sales & Promotion Manager, Sales & Marketing di
                                                                                                            Pharmalink (2001- 2004).
                                                                                                          • National Sales Manager di PT Dos Ni Roha – Martha Tilaar Group
                                                                                                            (2004 – 2005).
                                                                                                          • Operation General Manager di PT Electronic City Indonesia Tbk
                                                                                                            (2005 – 2011).
                                                                                                          • Operational General Manager di PT Bangun Adi Perkasa – Home
                                                                                                            Builder Center Store (2011 – 2013).
                                                                                                          • Head of Operation (Sales & Operational Business Services) di
                                                                                                            PT Mekar Unggul Sari – Taman Buah Mekarsari (2014 – 2016).
                                                                                                          • Senior General Manager di PT Electronic City Indonesia Tbk (2016
                                                                                                            – 2023).
                                                                                                          • Medical Representatives Sales at PT Sterling Winthrop (1993 –
                                                                                                            1996).
                                                                                                          • Area Sales Manager Jabodetabek at PT Sanofi – Synthelabo (1997 –
                                                                                                            2000).
                                                                                                          • National Sales & Promotion Manager, Sales & Marketing at
                                                                                                            Pharmalink (2001- 2004).
                                                                                                          • National Sales Manager at PT Dos Ni Roha – Martha Tilaar Group
                                                                                                            (2004 – 2005).
                                                                                                          • Operation General Manager at the Company (2005 – 2011).
                                                                                                          • Operational General Manager at PT Bangun Adi Perkasa – Home
                                                                                                            Builder Center Store (2011 – 2013).
                                                                                                          • Head of Operation (Sales & Operational Business Services) at PT
                                                                                                            Mekar Unggul Sari – Taman Buah Mekarsari (2014 – 2016).
                                                                                                          • Senior General Manager at PT Electronic City Indonesia Tbk (2016 –
                                                                                                            2023).

                                                                              Rangkap Jabatan             -
                     FA Tri Agus                                            Concurrent Positions
                     Winarko HS2)                                              Hubungan Afiliasi          Tidak memiliki hubungan kepengurusan dan kekeluargaan
                                                                                     Affiliation          dengan anggota Dewan Komisaris, anggota Direksi lainnya, serta
                                                                                                          Pemegang Saham Utama dan Pengendali.
                           Direktur                                                                       Has no management or familial relationship with members of the
                                                                                                          Board of Commissioners, other members of the Board of Directors, as
                           Director                                                                       well as Major and Controlling Shareholders.




     2) efektif menjabat sesuai keputusan RUPS Tahunan pada tanggal 27 Juni 2023.
     2) effectively serving in accordance with the decision of the Annual GMS on June 27 2023.




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Analisis Dan Pembahasan Manajemen                  Tata Kelola Perusahaan                                        Laporan Keberlanjutan
Management Discussion And Analysis                 Good Corporate Governance                                     Sustainability Report




                                            Warga Negara      Indonesia
                                                  Citizen     Indonesia

                                                     Usia     46 tahun
                                                     Age      46 Years Old

                                                 Domisili     Jakarta
                                                 Domicile     Jakarta

                                      Riwayat Penunjukan      • Akta No. 56 dari Notaris Humberg Lie, SH, SE Mkn tanggal 13 Juli
                                      Appointment History       2022.
                                                              • Akta No. 73 dari Notaris Humberg Lie, SH, SE Mkn tanggal 26 Juli
                                                                2023.
                                                              • Deed No. 56 of Notary Humberg Lie, SH, SE Mkn dated July 13th
                                                                2022.
                                                              • Deed No. 73 of Notary Humberg Lie, SH, SE Mkn dated Juli 26th
                                                                2023.

                                       Riwayat Pendidikan     Nanyang Girls’ High School Singapore.
                                     Education Background     Nanyang Girls’ High School Singapore.

                                        Pengalaman Kerja      • Purchasing Manager di Palace Hotel Cipanas (2011-2015).
                                          Work Experience     • General Manager di Pantara Island (2015-2019).
                                                              • Purchasing Manager at Palace Hotel Cipanas (2011-2015).
                                                              • General Manager at Pantara Island (2015-2019).

                                        Rangkap Jabatan       -
                                      Concurrent Positions

                                        Hubungan Afiliasi     Tidak memiliki hubungan kepengurusan dan kekeluargaan
                                              Affiliation     dengan anggota Dewan Komisaris, anggota Direksi lainnya, serta
                                                              Pemegang Saham Utama dan Pengendali.
                                                              Has no management or familial relationship with members of the
                                                              Board of Commissioners, other members of the Board of Directors, as
                                                              well as Major and Controlling Shareholders.




   Lenny Susilawaty
       Jamadi

           Direktur
           Director




                                                              PT Electronic City Indonesia Tbk - 2023 Annual Report and Sustainability Report   65
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           Kilas Kinerja                                                          Laporan Manajemen                                                  Profil Perusahaan
           Performance Glimpses                                                   Management Reports                                                 Company Profile




                                                                            Warga Negara          Indonesia
                                                                                  Citizen         Indonesia

                                                                                         Usia     43 tahun
                                                                                         Age      43 Years Old

                                                                                  Domisili        Jakarta
                                                                                  Domicile        Jakarta

                                                                     Riwayat Penunjukan           • Akta No. 56 dari Notaris Humberg Lie, SH, SE Mkn tanggal 13 Juli
                                                                     Appointment History            2022.
                                                                                                  • Akta No. 73 dari Notaris Humberg Lie, SH, SE Mkn tanggal 26 Juli
                                                                                                    2023.
                                                                                                  • Deed No. 56 of Notary Humberg Lie, SH, SE Mkn dated July 13th
                                                                                                    2022.
                                                                                                  • Deed No. 73 of Notary Humberg Lie, SH, SE Mkn dated July 26th
                                                                                                    2023.

                                                                     Riwayat Pendidikan           • Stamford Certificate in Business Studies pada tahun 1998.
                                                                   Education Background           • Stamford Diploma level 1 dan 2 dalam bidang studi Administrasi
                                                                                                    Bisnis dan The Association of Business Executives (ABE - United
                                                                                                    Kingdom) Diploma in Business Administration dari Stamford
                                                                                                    College Malaysia masing-masing pada tahun 1999.
                                                                                                  • Advanced Diploma in Business Administration dan The
                                                                                                    Association of Business Executives Advanced Diploma in Business
                                                                                                    Administration dari Stamford College Malaysia pada tahun 2000.
                                                                                                  • Bachelor of Art (with Honours) dalam bidang Administrasi Bisnis
                                                                                                    Internasional dari University of Northumbria, Newcastle, United
                                                                                                    Kingdom pada tahun 2001.
                                                                                                  • Stamford Certificate in Business Studiesin 1998.
                                                                                                  • Stamford Diploma level 1 and 2 in Business Administration and The
                                                                                                    Association of Business Executives (ABE - United Kingdom) Diploma
                                                                                                    in Business Administration from Stamford College Malaysia
                                                                                                    respectively in 1999.
                                                                                                  • Advanced Diploma in Business Administration and The
                                                                                                    Association of Business Executives Advanced Diploma in Business
                                                                                                    Administration from Stamford College Malaysia in 2000.
                                                                                                  • Bachelor of Art (with Honours) in International Business
                                                                                                    Administration from the University of Northumbria, Newcastle,
                                                                                                    United Kingdom in 2001.

                                                                       Pengalaman Kerja           • Sales Supervisor Modern Channel Distribution Division di PT Multi
                                                                         Work Experience            Alam Elok (April 2003–Juni 2005).
                                                                                                  • Sales Executive Modern Channel Distribution Division di PT Toshiba
                                                                                                    Visual Media Network Indonesia (Juli 2005–November 2006).
                                                                                                  • Assistant Sales Supervisor Modern Channel Distribution Division di
                                                                                                    PT Sharp Electronics Indonesia (Desember 2006–Juni 2007).
                                                                                                  • Merchandising Supervisor  dan General Manager di PT Electronic
                                                                                                    City Indonesia Tbk (Oktober 2007).
                                                                                                  • Direktur PT Electronic City Indonesia Tbk (2018-2019).
                                                                                                  • Dewan Komisaris PT Electronic City Indonesia Tbk (05 Mei 2020–
                                                                                                    10 Agustus 2020).
                                                                                                  • Sales Supervisor Modern Channel Distribution Division at PT Multi
                                                                                                    Alam Elok (April 2003–June 2005).
                                                                                                  • Sales Executive Modern Channel Distribution Division PT Toshiba
                                                                                                    Visual Media Network Indonesia (July 2005–November 2006).
                                                                                                  • Assistant Sales Supervisor of Modern Channel Distribution Division
                                                                                                    at PT Sharp Electronics Indonesia (December 2006–June 2007).
                                                                                                  • Merchandising Supervisor and General Manager of Merchadising
                                                                                                    PT Electronic City Indonesia Tbk (October 2007).
                                                                                                  • Director of PT Electronic City Indonesia Tbk (2018-2019).
                                                                                                  • Board of Commissioners of PT Electronic City Indonesia Tbk (05 May
                                                                                                    2020–10 August 2020).
                 Lyvia Mariana                                         Rangkap Jabatan            -
                                                                     Concurrent Positions
                         Direktur
                                                                       Hubungan Afiliasi          Tidak memiliki hubungan kepengurusan dan kekeluargaan
                         Director                                            Affiliation          dengan anggota Dewan Komisaris, anggota Direksi lainnya, serta
                                                                                                  Pemegang Saham Utama dan Pengendali.
                                                                                                  Has no management or familial relationship with members of the
                                                                                                  Board of Commissioners, other members of the Board of Directors, as
                                                                                                  well as Major and Controlling Shareholders.




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Analisis Dan Pembahasan Manajemen                  Tata Kelola Perusahaan                                        Laporan Keberlanjutan
Management Discussion And Analysis                 Good Corporate Governance                                     Sustainability Report




                                            Warga Negara      Indonesia
                                                  Citizen     Indonesia

                                                     Usia     47 tahun
                                                     Age      47 Years Old

                                                 Domisili     Jakarta
                                                 Domicile     Jakarta

                                      Riwayat Penunjukan      • Akta No. 56 dari Notaris Humberg Lie, SH, SE Mkn tanggal 13 Juli
                                      Appointment History       2022.
                                                              • Akta No. 73 dari Notaris Humberg Lie, SH, SE Mkn tanggal 26 Juli
                                                                2023.
                                                              • Deed No. 56 of Notary Humberg Lie, SH, SE Mkn dated July 13th
                                                                2022.
                                                              • Deed No. 73 of Notary Humberg Lie, SH, SE Mkn dated July 26th
                                                                2023.

                                       Riwayat Pendidikan     Sarjana Hukum dari Universitas 17 Agustus 1945 pada tahun 2016.
                                     Education Background     Bachelor of Law from the University of 17 August 1945 in 2016.

                                        Pengalaman Kerja      • Memulai karier di PT Ramayana Lestari Sentosa Tbk sejak tahun
                                          Work Experience       1996 sampai bulan Januari 2006 dengan jabatan terakhir sebagai
                                                                Asistant Manager.
                                                              • Supervisor Operasional, Asistant Manager, Manager Operasional,
                                                                dan General Manager di PT Electronic City Indonesia Tbk (2006).
                                                              • Menjabat sebagai Sekretaris Perusahaan di PT Electronic City
                                                                Indonesia Tbk (1 Agustus 2017-10 Agustus 2020).
                                                              • Started his career at PT Ramayana Lestari Sentosa Tbk from 1996 to
                                                                January 2006 with his last position as Asistant Manager.
                                                              • Operational Supervisor, Asistant Manager, Operations Manager,
                                                                and General Manager at PT Electronic City Indonesia Tbk (2006).
                                                              • Served as Corporate Secretary of PT Electronic City Indonesia Tbk
                                                                (August 1, 2017-August 10, 2020).

                                        Rangkap Jabatan       -
                                      Concurrent Positions

                                        Hubungan Afiliasi     Tidak memiliki hubungan kepengurusan dan kekeluargaan
                                              Affiliation     dengan anggota Dewan Komisaris, anggota Direksi lainnya, serta
                                                              Pemegang Saham Utama dan Pengendali.
                                                              Has no management or familial relationship with members of the
                                                              Board of Commissioners, other members of the Board of Directors, as
                                                              well as Major and Controlling Shareholders.




   Roland Hutapea

           Direktur
           Director




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           Kilas Kinerja                                                          Laporan Manajemen                                                  Profil Perusahaan
           Performance Glimpses                                                   Management Reports                                                 Company Profile




                                                                           Warga Negara           Indonesia
                                                                                 Citizen          Indonesia

                                                                                         Usia     34 tahun
                                                                                         Age      34 Years Old

                                                                                 Domisili         Jakarta
                                                                                 Domicile         Jakarta

                                                                    Riwayat Penunjukan            • Akta No. 56 dari Notaris Humberg Lie, SH, SE Mkn tanggal 13 Juli
                                                                    Appointment History             2022.
                                                                                                  • Akta No. 73 dari Notaris Humberg Lie, SH, SE Mkn tanggal 26 Juli
                                                                                                    2023.
                                                                                                  • Deed No. 56 of Notary Humberg Lie, SH, SE Mkn dated July 13th
                                                                                                    2022.
                                                                                                  • Deed No. 73 of Notary Humberg Lie, SH, SE Mkn dated July 26th
                                                                                                    2023.

                                                                    Riwayat Pendidikan            Sarjana Studi Internasional (Diplomasi), Universitas Renmin Cina.
                                                                  Education Background            Bachelor of International Studies (Diplomacy), Renmin University of
                                                                                                  China

                                                                       Pengalaman Kerja           • RMG Selection International Business Consulting-Consultant -
                                                                         Work Experience            Legal and Finance Executive (Juli 2012-Juli 2013).
                                                                                                  • China Aluminum Corporation (CHINALCO)–Indonesia Alumina
                                                                                                    Project Preparatory Group, Comprehensive Group Business
                                                                                                    Assistant (Agustus 2013-Mei 2014).
                                                                                                  • Business Development di PT Tirta Wahana Bali Internasional (Juni
                                                                                                    2014-2016).
                                                                                                  • Business Development di Kharisma Arya Paksi (2016-Juli 2020).
                                                                                                  • RMG Selection International Business Consulting-Consultant - Legal
                                                                                                    and Finance Executive (July 2012-July 2013).
                                                                                                  • China Aluminum Corporation (CHINALCO)–Indonesia Alumina
                                                                                                    Project Preparatory Group, Comprehensive Group Business
                                                                                                    Assistant (August 2013- May 2014).
                                                                                                  • Business Development at PT Tirta Wahana Bali Internasional (June
                                                                                                    2014-2016).
                                                                                                  • Business Development at Kharisma Arya Paksi (2016-July 2020).

                                                                      Rangkap Jabatan             Sekretaris Perusahaan Perseroan (Agustus 2020-Sekarang).
                                                                    Concurrent Positions          Corporate Secretary of the Company (August 2020-present).

                                                                       Hubungan Afiliasi          Tidak memiliki hubungan kepengurusan dan kekeluargaan
                                                                             Affiliation          dengan anggota Dewan Komisaris, anggota Direksi lainnya, serta
                                                                                                  Pemegang Saham Utama dan Pengendali.
                                                                                                  Has no management or familial relationship with members of the
                                                                                                  Board of Commissioners, other members of the Board of Directors, as
                                                                                                  well as Major and Controlling Shareholders.




             Widi Satya Chitra

             Direktur & Sekretaris
                 Perusahaan
             Director & Corporate
                   Secretary




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    Analisis Dan Pembahasan Manajemen                   Tata Kelola Perusahaan                                       Laporan Keberlanjutan
    Management Discussion And Analysis                  Good Corporate Governance                                    Sustainability Report




Perubahan Komposisi Dewan Komisaris dan Direksi               Changes in the Composition of the Board of
                                                              Commissioners and Directors


      Dewan Komisaris Board of Commissioners                                     Direksi Board of Directors

            2022                           2023                            2022                                       2023

 Hartono Tjahjadi Adiwana         Hartono Tjahjadi Adiwana   Wiradi                                    Wiradi
 Komisaris Utama                  Komisaris Utama            Direktur Utama                            Direktur Utama
 President Commissioner           President Commissioner     President Director                        President Director

 Rahmat Adi Sutikno Halim1)       Josephine Sukmadewi        Dedy Djafarli                             Dedy Djafarli
 Wakil Komisaris Utama            Karjadi2)                  Direktur                                  Direktur
 Vice President                   Komisaris                  Director                                  Director
 Commissioner                     Commissioner

 Ku Siew Kuan                     Ku Siew Kuan               Josephine Sukmadewi                       FA Tri Agus Winarko HS2)
 Komisaris Independen             Komisaris Independen       Karjadi1)                                 Direktur
 Independent Commissioner         Independent Commissioner   Direktur                                  Director
                                                             Director

 Ratu Tisha Destria               Ratu Tisha Destria         Lenny Susilawaty Jamadi                   Lenny Susilawaty Jamadi
 Komisaris Independen             Komisaris Independen       Direktur                                  Direktur
 Independent Commissioner         Independent Commissioner   Director                                  Director

 Vivi Henny                       Vivi Henny                 Lyvia Mariana                             Lyvia Mariana
 Komisaris Independen             Komisaris Independen       Direktur                                  Direktur
 Independent Commissioner         Independent Commissioner   Director                                  Director

                                                             Roland Hutapea                            Roland Hutapea
                                                             Direktur                                  Direktur
                                                             Director                                  Director

                                                             Widi Satya Chitra                         Widi Satya Chitra
                                                             Direktur & Sekretaris                     Direktur & Sekretaris
                                                             Perusahaan                                Perusahaan
                                                             Director & Corporate                      Director & Corporate
                                                             Secretary                                 Secretary

Alasan Perubahan:                                             Reason Change:
Memperkuat komposisi anggota Dewan Komisaris dan              Strengthening the composition of members of the Company’s
Direksi Perseroan.                                            Board of Commissioners and Board of Directors.
1) efektif mengundurkan diri sesuai keputusan RUPS            1) effectively resigned in accordance with the decision of
   Tahunan pada tanggal 27 Juni 2023.                            the Annual GMS on June 27 2023.
2) efektif menjabat sesuai keputusan RUPS Tahunan             2) effectively serving in accordance with the decision of the
   pada tanggal 27 Juni 2023.                                    Annual GMS on June 27 2023.




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           Kilas Kinerja                                                          Laporan Manajemen                              Profil Perusahaan
           Performance Glimpses                                                   Management Reports                             Company Profile




     PROFIL KOMITE AUDIT                                                                                   AUDIT COMMITTEE PROFILE

        Vivi Henny                                                                          Periode dan Dasar Pengangkatan
        Ketua Komite Audit                                                                   Period and Basis of Appointment
        Head of the Audit Committee
                                                                   Surat Keputusan Dewan Komisaris PT Electronic City Indonesia Tbk
                                                                   tanggal 16 Agustus 2023.
                                                                   Decree of the Board of Commissioners of PT Electronic City Indonesia Tbk
                                                                   dated 16 August 2023.

     Profil dapat dilihat pada Profil Dewan Komisaris dalam Laporan Tahunan ini.
     The profile can be seen in the Board of Commissioners Profile in this Annual Report.


                                                                                            Periode dan Dasar Pengangkatan
        Rahmat Adi Sutikno Halim
                                                                                             Period and Basis of Appointment
        Anggota Komite Audit
        Member of the Audit Committee                              Surat Keputusan Dewan Komisaris PT Electronic City Indonesia Tbk
                                                                   tanggal 16 Agustus 2023.
                                                                   Decree of the Board of Commissioners of PT Electronic City Indonesia Tbk
                                                                   dated 16 August 2023.

     Profil dapat dilihat pada Profil Dewan Komisaris dalam Laporan Tahunan ini.
     The profile can be seen in the Board of Commissioners Profile in this Annual Report.




                                      Ismail Apipuddin
                                      Anggota Komite Audit
                                      Member of the Audit Commitee


          Warga Negara                              Indonesia
          Citizen                                   Indonesia

          Usia                                      45 tahun
          Age                                       45 Years Old

          Domisili                                  Jakarta
          Domicile                                  Jakarta

          Riwayat Penunjukan                        Surat Keputusan Dewan Komisaris PT Electronic City Indonesia Tbk tanggal 16
          Appointment History                       Agustus 2023.
                                                    Decree of the Board of Commissioners of PT Electronic City Indonesia Tbk dated 16 August
                                                    2023.

          Riwayat Pendidikan                        Sarjana Sistem Informasi dari STMIK Bani Saleh Bekasi pada tahun 2011.
          Education Background                      Bachelor of Information Systems from STMIK Bani Saleh Bekasi in 2011.

          Pengalaman Kerja                          • Asisten Laboratorium Komputer di STMIK Bani Saleh (1998-2003).
          Work Experience                           • Supervisor Internal Audit di PT Jakarta International Hotels and Development Tbk
                                                      (2001-2017).
                                                    • Computer Laboratory Assistant at STMIK Bani Saleh (1998-2003).
                                                    • Supervisor Internal Audit at PT Jakarta International Hotels and Development Tbk
                                                      (2001-2017).

          Rangkap Jabatan                           Assistant Manager Internal Audit di PT Artha Graha Peduli (2018 – sekarang).
          Concurrent Positions                      Assistant Manager Internal Audit at PT Artha Graha Peduli (2018 – Present).

          Hubungan Afiliasi                         Tidak memiliki hubungan kepengurusan dan kekeluargaan dengan anggota Dewan
          Affiliation                               Komisaris, anggota Direksi, serta Pemegang Saham Utama dan Pengendali.
                                                    Does not have a management and family relationship with members of the Board of
                                                    Commissioners, Board of Directors, and Major and Controlling Shareholders.




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      Analisis Dan Pembahasan Manajemen                                       Tata Kelola Perusahaan                                       Laporan Keberlanjutan
      Management Discussion And Analysis                                      Good Corporate Governance                                    Sustainability Report




PROFIL SEKRETARIS PERUSAHAAN                                                        CORPORATE SECRETARY PROFILE

   Widi Satya Chitra                                                                Periode dan Dasar Pengangkatan
   Sekretaris Perusahaan                                                             Period and Basis of Appointment
   Corporate Secretary
                                                             Surat Keputusan Direksi PT Electronic City Indonesia Tbk Tanggal 10
                                                             Agustus 2022.
                                                             Decree of the Board of Directors of PT Electronic City Indonesia Tbk dated on
                                                             August 10th, 2022.

Profil dapat dilihat pada Profil Direksi dalam Laporan Tahunan ini.
The profile can be seen in the Board of Directors Profile in this Annual Report.




PROFIL KEPALA UNIT AUDIT INTERNAL                                                   HEAD OF INTERNAL AUDIT UNIT PROFILE




                                 Yuni Anna
                                 Kepala Unit Audit Internal
                                 Head of Internal Audit Unit


      Warga Negara                            Indonesia
      Citizen                                 Indonesia

      Usia                                    48 tahun
      Age                                     48 Years Old

      Domisili                                Jakarta
      Domicile                                Jakarta

      Riwayat Penunjukan                      Sejak 2 Januari 2017 Berdasarkan Surat Keputusan Direksi PT Electronic City
      Appointment History                     Indonesia Tbk.
                                              Since January 2nd 2017, based on the Decree of the Board of Directors of PT Electronic
                                              City Indonesia Tbk.

      Riwayat Pendidikan                      Sarjana Akuntansi dari Universitas Atma Jaya Jakarta pada tahun 2001.
      Education Background                    Bachelor of Accounting from Atma Jaya University Jakarta in 2001.

      Pengalaman Kerja                        • Staf Accounting di PT Electronic City Indonesia Tbk (2001-2004).
      Work Experience                         • Assistant Manager Accounting di PT Electronic City Indonesia Tbk (2004-2012).
                                              • Accounting Manager di PT Electronic City Indonesia Tbk (2012-Februari 2013).
                                              • Staf Accounting di PT Electronic City Indonesia Tbk (2001-2004).
                                              • Assistant Manager Accounting di PT Electronic City Indonesia Tbk (2004-2012).
                                              • Accounting Manager di PT Electronic City Indonesia Tbk (2012-Februari 2013).

      Rangkap Jabatan                         Senior Manager Accounting (sejak 2013).
      Concurrent Positions                    Senior Manager Accounting (since 2013).

      Hubungan Afiliasi                       Tidak memiliki hubungan kepengurusan dan kekeluargaan dengan anggota Dewan
      Affiliation                             Komisaris, anggota Direksi, serta Pemegang Saham Utama dan Pengendali.
                                              Does not have a management and family relationship with members of the Board of
                                              Commissioners, Board of Directors, and Major and Controlling Shareholders.




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           Kilas Kinerja                                                             Laporan Manajemen                                                       Profil Perusahaan
           Performance Glimpses                                                      Management Reports                                                      Company Profile




     INFORMASI PEMEGANG SAHAM POJK51.C3                                                        SHAREHOLDER INFORMATION
     Informasi terkait Pemegang Saham Perseroan di tahun                                       Information related to the Company’s Shareholders in 2023
     2023, diungkapkan pada tabel berikut.                                                     is disclosed in the following table.


                                                                                                      1 Januari 2023                            31 Desember 2023
                                                                           Jenis
                                     Uraian                               Saham          Jumlah         Jumlah          Persentase     Jumlah         Jumlah          Persentase
                                   Description                             Type          Saham          Nominal        Kepemilikan     Saham          Nominal        Kepemilikan
                                                                          of Stock         No.          Nominal        Shareholding      No.          Nominal        Shareholding
                                                                                           of           Amount          Percentage       of           Amount          Percentage
                                                                                         Shares           (Rp)              (%)        Shares           (Rp)              (%)


      Kepemilikan > 5%
      Shareholding > 5%

      PT Electronic City Indonesia, Tbk                                                166.336.195    16.633.619.500      12,47       119.451.195   11.945.119.500       8,95
                                                                           Saham
      UOB Kay Hian Pte Ltd                                                             397.492.405    39.794.240.500      29,79       397.577.305   39.757.730.500      29,80
                                                                            Biasa
                                                                          Common
      PT Graha Surya Kirana                                                 Stock      341.250.000    34.125.000.000      25,57       341.250.000   34.125.000.000      25,57

      PT Artha Graha Network                                                           308.850.000    30.885.000.000      23,15       308.850.000   30.885.000.000      23,15

      Kepemilikan < 5%
      Shareholding < 5%


      Reksa Dana Sucorinvest Equity Fund                                                 37.736.000    3.773.600.000       2,83          609.600       60.960.000        0,05

      CREDIT SUISSE (SINGAPORE) LIMITED (FI) A/C3C                                       21.954.600    2.195.460.000       1,65        21.056.400    2.105.640.000       1,58

      CITIBANK EUROPE PLC LUX BRANCH S/A PHEIM SICAV SIF                                 17.863.800    1.786.380.000       1,34        17.593.500    1.759.350.000       1,32

      NG HOCK TIJANG                                                                      7.439.200     743.920.000        0,56         7.439.200     743.920.000        0,56

      KPD SIMAS EQUITY FUND 2                                                             4.907.000     490.700.000        0,37         4.907.000     490.700.000        0,37

      Emelia Susanto                                                                      3.636.100     363.610.000        0,27         3.661.100     366.110.000        0,27

      CITIBANK EUROPE PLC LUX BRANCH S/A APAC PACIFIC PERF – CLIENT AC                    3.229.500     322.950.000        0,24         2.328.600     232.860.000        0,17

      DBS VICKERS SECS SINGAPORE (PTE) LTD A/C CLIENT                                     2.310.700     231.070.000        0,17         2.310.700     231.070.000        0,17
                                                                           Saham
      The Northern Trust Company S/A Northern Trust Guernsey Non-Treaty     Biasa         2.225.900     222.590.000        0,17                 -                -          -
                                                                          Common
      Tram Consumption Plus                                                 Stock
                                                                                          2.000.000     200.000.000        0,15           86.000         8.600.000       0,01

      BBH BOSTON S/A CUSTODY BANK OF JAPAN, LTD. RE: PHEIM ASEAN                          1.640.000     164.000.000        0,12                 -                -          -
      EQUITY FUND

      DBS BANK LTD S/A AGGREGATE VALUE FUND VCC                                           1.490.000     149.000.000        0,11         1.490.000     149.000.000        0,11

      REKSA DANA SUCORINVEST EQUITY FUND                                                  1.666.000     166.600.000        0,12        36.013.000    3.601.300.000       2,70

      BBH BOSTON S/A CUSTODY BANK OF JAPAN, LTD. RE: PHEIM ASEAN                          1.640.000     164.000.000        0,12                 -                -          -
      EQUITY FUND

      DBS BANK LTD S/A AGGREGATE VALUE FUND VCC                                           1.490.000     149.000.000        0,11         1.490.000     149.000.000        0,11

      UBS SWITZERLAND AG-CLIENT ASSETS -2049584001                                         933.000       93.300.000        0,07          933.000       93.300.000        0,07

      UBS AG SINGAPORE NON-TREATY OMNIBUS ACCOUNT - 2091144090                             775.000       77.500.000        0,06         1.447.400     144.740.000        0,11

      PT SUCOR SEKURITAS - Tampungan Trading Error                                         704.300       70.430.000        0,05          531.300       53.130.000        0,04

      CREDIT SUISSE AG, SINGAPORE BRANCH TRUST ACCOUNT CLIENTS                             672.400       67.240.000        0,05                 -                -          -

      CACEIS BANK, SWITZERLAND BRANCH/CA INDOSUEZ SWITZERLAND SA,                          608.700       60.870.000        0,05          608.700       60.870.000        0,05
      SINGAPORE

      MONEX BOOM SEC (HK) LTD-CLIENT ACCOUNT                                               584.900       58.490.000        0,04          584.900       58.490.000        0,04

      MALAYAN BANKING BERHAD (CS)                                                          555.000       55.500.000        0,04                 -                -          -




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     Analisis Dan Pembahasan Manajemen                           Tata Kelola Perusahaan                                       Laporan Keberlanjutan
     Management Discussion And Analysis                          Good Corporate Governance                                    Sustainability Report




KEPEMILIKAN  SAHAM     ANGGOTA                                         SHARE OWNERSHIP OF MEMBERS OF
DEWAN KOMISARIS DAN DIREKSI                                            THE BOARD OF COMMISSIONERS AND
                                                                       DIRECTORS
Setiap kepemilikan saham anggota Dewan Komisaris                       Each share ownership of members of the Board of
dan Direksi Perseroan diungkapkan secara transparan,                   Commissioners and Board of Directors of the Company is
sebagai berikut.                                                       disclosed transparently, as follows.


                                                    Kepemilikan Saham Langsung Pada                    Kepemilikan Saham Langsung Pada
                                                              1 Januari 2023                                   31 Desember 2023
                Nama & Jabatan                          Direct Share Ownership on                          Direct Share Ownership on
                Name & Positions                             January 1st 2023                                 December 31st 2023

                                                    Lembar Saham                                     Lembar Saham
                                                                                  %                                                       %
                                                       Shares                                           Shares

                                             Dewan Komisaris / Board of Commissioners

 Hartono Tjahjadi Adiwana                                    -                        -                           -                           -
 Komisaris Utama   President Commissioner

 Rahmat Adi Sutikno Halim1)                                  -                        -                           -                           -
 Wakil Komisaris Utama
 Vice President Commissioner

 Josephine Sukmadewi Karjadi2)                         17.500                     0,00                    17.500                         0,00
 Komisaris Commissioner

 Ku Siew Kuan                                                -                        -                           -                           -
 Komisaris Independen
 Independent Commissioner

 Ratu Tisha Destria                                          -                        -                           -                           -
 Komisaris Independen
 Independent Commissioner

 Vivi Henny                                                  -                        -                           -                           -
 Komisaris Independen
 Independent Commissioner

                                                      Direksi / Board of Directors

 Wiradi                                                15.000                     0,00                        15.000                     0,00
 Direktur Utama  President Director

 Dedy Djafarli                                           1.000                    0,00                          1.000                    0,00
 Direktur Director

 FA Tri Agus Winarko2)                                600.000                     0,05                   60.000.000                      0,05
 Direktur Director

 Lyvia Mariana                                         32.500                     0,00                        32.500                     0,00
 Direktur Director

 Lenny Susilawaty Jamadi                              550.000                     0,00                       550.000                     0,04
 Direktur Director

 Roland Hutapea                                           100                     0,00                            100                    0,00
 Direktur Director

 Widi Satya Chitra                                       1.200                    0,00                          1.200                    0,00
 Direktur & Sekretaris Perusahaan
 Director & Corporate Secretary

1) efektif mengundurkan diri sesuai keputusan RUPS Tahunan pada        1) effectively resigned in accordance with the decision of the Annual GMS
   tanggal 27 Juni 2023.                                                  on June 27 2023.
2) efektif menjabat sesuai keputusan RUPS Tahunan pada tanggal 27      2) effectively serving in accordance with the decision of the Annual GMS on
   Juni 2023.                                                             June 27 2023.




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           Kilas Kinerja                                                          Laporan Manajemen                         Profil Perusahaan
           Performance Glimpses                                                   Management Reports                        Company Profile




                                Status Pemilik                                   Jumlah Investor       Jumlah Efek
                                                                                                                                   %
                                Owner Status                                      No. of Investor      No. of Effects


        Pemodal Nasional
        National Funder

        Perorangan                                                                       745               21.574.000              1,62
        Individual

        Perseroan Terbatas                                                                14             864.950.095              64,82
        Limited Liability Company

        Dana Pensiun                                                                       -                            -               -
        Pension Fund

        Yayasan                                                                            -                            -               -
        Foundation

        Koperasi                                                                           -                            -               -
        Cooperation

        Sub Total                                                                        759            886.524.095              66,44

        Pemodal Asing
        Foreign Financier

         Perorangan
                                                                                           1                  314.500               0,02
         Individual

         Perseroan Terbatas
                                                                                          20             447.494.405               33,54
         Limited Liability Company

         Sub Total                                                                        21            447.808.905               33,56


         Total                                                                           780           1.334.333.000            100,00




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   Management Discussion And Analysis                       Good Corporate Governance                                    Sustainability Report




STRUKTUR GRUP                                                                                               GROUP STRUCTURE




                                                                                                Pembelian Kembali Saham PT Electronic
  PT Graha Surya Kirana            PT Artha Graha Network          Publik / Public               City Indonesia Tbk/ Share Buyback of
        (25,57%)                          (23,15%)                   (42,33%)                       PT Electronic City Indonesia Tbk
                                                                                                                (8,95%)




                                              PT Electronic City Indonesia Tbk.




PT Kirana Cipta Propertindo      PT Griya Pusaka Propertindo         PT Elang Cakrawala Inti                   PT Grooceries City Indonesia
          (99,53%)                         (99,90%)                         (99,00%)                                    (99,00%)




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     PEMEGANG SAHAM UTAMA/PENGENDALI                                                      MAJOR/CONTROLLING SHAREHOLDER
     HINGGA NAMA PEMILIK AKHIR                                                            UP TO NAME OF FINAL OWNER
     Per Desember 2023, Pemegang Saham Utama/                                             As of December 2023, the Company’s Major/Controlling
     Pengendali Perseroan, yaitu PT Graha Surya Kirana                                    Shareholder, PT Graha Surya Kirana with 25.57% ownership.
     dengan kepemilikan sebesar 25,57%.


                                                                                          CHRONOLOGY OF                       ISSUANCE             AND
     KRONOLOGIS    PENERBITAN                                               DAN           LISTING OF SHARES
     PENCATATAN SAHAM



                                                                                   Nilai           Harga           Jumlah Saham
                                                     Jumlah Saham                                                                            Bursa
                                                                                 Nominal        Penawaran             Beredar
                                  Tanggal             Diterbitkan                                                                         Pencatatan
            Uraian                                                             (Rp/Lembar      (Rp/Lembar         (Lembar Saham)
                                   Date             (Lembar Saham)                                                                           Stock
          Description                                                             Saham)          Saham)         Total Outstanding
                                                   Total Shares Issued                                                                     Exchange
                                                                              Nominal Value    Offering Price          Shares
                                                   (Number of Shares)
                                                                                (Rp/Share)      (Rp/Share)      (Number of Shares)


      Penawaran Umum           3 Juli 2023             333.333.000                  100           4.050           1.334.333.000      Bursa Efek Indonesia
      Perdana                  3 July 2013                                                                                           The Indonesia’s
      Initial Public                                                                                                                 Exchange Rate (IDX).
      Offering

      Pembelian                5,6, dan 20               36.809.100                 100           1.189           1.334.333.000      Bursa Efek Indonesia
      Kembali Saham            Oktober                                                                                               The Indonesia’s
      (saham treasuri)         2015                                                                                                  Exchange Rate (IDX).
      Share Repurchases        5,6, dan 20
      (treasury shares)        October 2015


      Pembelian                9,22, dan 23              10.075.900                 100                601        1.334.333.000      Bursa Efek Indonesia
      Kembali Saham            September                                                                                             The Indonesia’s
      (saham treasuri)         2016                                                                                                  Exchange Rate (IDX).
      Share Repurchases        9,22, dan 23
      (treasury shares)        September
                               2016

      Pembelian                26 Mei 2020               76.632.700                 100                450        1.334.333.000      Bursa Efek Indonesia
      Kembali Saham            26 May 2020                                                                                           The Indonesia’s
      (saham treasuri)                                                                                                               Exchange Rate (IDX).
      Share Repurchases
      (treasury shares)




     PELAKSANAAN     EMPLOYEE  STOCK                                                      IMPLEMENTATION OF EMPLOYEE STOCK
     ALLOCATION (ESA) DAN MANAGEMENT                                                      ALLOCATION (ESA) AND MANAGEMENT
     STOCK OWNERSHIP PROGRAM (MSOP)                                                       STOCK OWNERSHIP PROGRAM (MSOP)
     Pelaksanaan Employee Stock Allocation (ESA) dan                                      The implementation of Employee Stock Allocation (ESA) and
     Management Stock Ownership Program (MSOP) telah                                      Management Stock Ownership Program (MSOP) has been
     dilakukan sejak tahun 2013 dengan berpedoman pada                                    carried out since 2013 based on the Shareholders’ Decision
     Keputusan Pemegang Saham dalam Rapat Umum                                            in the General Meeting of Shareholders (GMS) Deed of
     Pemegang Saham (RUPS) Akta Pernyataan Keputusan                                      Statement of Shareholders Resolution No. 192 on May
     Pemegang Saham No. 192 tanggal 20 Mei 2013. Dari                                     20, 2013. From this program, the Company has collected
     program tersebut, Perseroan telah mengumpulkan                                       1,514,000 shares and 1,000,000 shares, respectively, with a
     saham masing-masing berjumlah 1.514.000 saham dan                                    selling price of Rp4,050 per share.
     1.000.000 saham, dengan harga jual sebesar Rp4.050,-
     per saham.




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Adapun ketentuan terkait pelaksanaan Program ESA dan                   The provisions related to the implementation of the ESA
MSOP diuraikan sebagai berikut.                                        and MSOP Programs are described as follows.
1. Dalam program ESA, saham Perseroan sebanyak-                        1. Under the ESA program, the Companys shares of up
   banyaknya 2% dari jumlah penerbitan saham yang                         to 2% of the total issued shares offered in the public
   ditawarkan dalam penawaran umum dialokasikan                           offering are allocated to the Company’s employees for
   untuk karyawan Perusahaan seharga Rp4.050,- per                        Rp4,050,- per share.
   saham.
2. Dalam program MSOP, saham Perusahaan sebanyak-                      2. In the MSOP program, the Companys shares are as much
   banyaknya 1% dari jumlah keseluruhan saham                             as 1% of the total number of shares already issued and
   yang sudah diterbitkan dan ditempatkan pada                            placed on the date of listing allocated, where 1 option
   tanggal pencatatan dialokasikan, di mana 1 opsi                        will entitle the holder to purchase 1 share. The shares for
   akan memberikan hak kepada pemegangnya untuk                           the MSOP program will be taken from the portepel and
   membeli 1 saham. Saham untuk program MSOP                              will be issued and placed after the initial public offering.
   akan diambil dari portepel dan akan diterbitkan dan
   ditempatkan setelah penawaran umum perdana.


KRONOLOGIS    PENERBITAN                                   DAN         CHRONOLOGY OF ISSUANCE AND
PENCATATAN EFEK LAINNYA                                                RECORDING OF OTHER SECURITIES
Per Desember 2023, tidak terdapat informasi terkait                    As of December 2023, there is no information related to the
penerbitan dan pencatatan efek lainnya.                                issuance and listing of other securities.


DAFTAR ENTITAS ANAK, ENTITAS                                           LIST OF SUBSIDIARIES, ASSOCIATE
ASOSIASI, DAN JOINT VENTURE                                            ENTITIES, AND JOINT VENTURES

                                                PT KIRANA CIPTA PROPERTINDO

                       Identitas Perusahaan                                         Kinerja Keuangan 2023 (dalam jutaan Rupiah)
                         Corporate Identity                                         Financial Performance 2023 (in Million Rupiah)

  Kegiatan Usaha                            Kepemilikan Saham                     Aset / Assets 		 : 283.319
  Business Activities                       Shareholding
  Pembangunan, perdagangan, dan             99,53%.                               Liabilitas / Liability		 : 239.282
  jasa dalam bidang properti.
  Development, trade and services in                                              Ekuitas / Equity		 : 44.037
  the property sector.
                                                                                  Penjualan / Sales		 :                           3.584
  Tahun Penyertaan                          Status
  Year of Inclusion                         Beroperasi sejak 2014.                Beban Pokok Penjualan/
  2014.                                     Operating since 2014.                 Cost of Goods Sold                          : (2.267)

                                                                                  Laba Kotor / Gross Profit 		 : 1.317
  Alamat                                    Dasar Hukum Pendirian
  Address                                   Legal Basis Incorporation
                                                                                  Laba Bersih Tahun Berjalan/
  Jl. Jend. Sudirman                        Akta No. 05 tanggal 18 Januari
                                                                                  Nett Profit for the Current Year		 : 1.367
  Kav. 52-52 Lot 22                         2012 SK Menkumham: AHU-
  Sudirman Central Business District        03500. AH. 01.01.Tahun 2012,
  (SCBD) Jakarta, 12190.                    tanggal 20 Januari 2012.
                                            Deed No. 5 dated 18 January
                                            2012 SKSk menkumham AHU-
                                            03500. AH. 01.01. Tahun 2012,
                                            January 20, 2012.

  Pengurus
  Management
  Komisaris/ Commissioner                : Kenley Santoso
  Direktur/Director                      : Widi Satya Chitra




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                                                             PT GRIYA PUSAKA PROPERTINDO

                                     Identitas Perusahaan                                         Kinerja Keuangan 2023 (dalam jutaan Rupiah)
                                       Corporate Identity                                         Financial Performance 2023 (in Million Rupiah)

       Kegiatan Usaha                                    Kepemilikan Saham                       Aset/ Assets 		 : 102.588
       Business Activities                               Shareholding
       Pembangunan, perdagangan,                         99,90%.                                 Liabilitas/ Liability		 :               310
       dan jasa dalam bidang properti.
       Development, trade and services in                                                        Ekuitas/Equity 		 : 102.278
       the property sector.
                                                                                                 Penjualan/Sales 		 :                    988
       Tahun Penyertaan                                  Status
       Year of Inclusion                                 Beroperasi sejak 2019.                  Beban Pokok Penjualan/
       2019.                                             Operating since 2019.                   Cost of Goods Sold                 :   (200)

       Alamat                                            Dasar Hukum Pendirian                   Laba Kotor/ Gross Profit           :   788
       Address                                           Legal Basis Incorporation
       Bintaro CBD Blok B7/D-01                          Akta No. 03 tanggal 18 Mei              Laba Bersih Tahun Berjalan/
       Bintaro Jaya                                      2016 SK Menkumham: AHU-                 Nett Profit for the Current Year		 :   787
       Tangerang Selatan.                                0024681. AH. 01.01.Tahun
                                                         2016,tanggal 20 Mei 2016.
                                                         Deed No. 03 dated 18 May 2016
                                                         Minister of Law and Human
                                                         Rights Decree: AHU-0024681.
                                                         AH. 01.01. Tahun 2016, May 20
                                                         2016.

        Pengurus
        Management
        Komisaris/ Commissioner                       : Widi Satya Chitra
        Direktur/Director                             : Kenley Santoso




                                                                 PT ELANG CAKRAWALA INTI

                                   Identitas Perusahaan                                           Kinerja Keuangan 2023 (dalam jutaan Rupiah)
                                     Corporate Identity                                           Financial Performance 2023 (in Million Rupiah)

       Kegiatan Usaha                                    Kepemilikan Saham                       Aset/ Assets		 : 31.127
       Business Activities                               Shareholding
       Perdagangan besar berdasarkan                     99,00%.                                 Liabilitas/Liability		 : 33.827
       kontrak, konsultan manajemen,
       dan lain-lain.                                                                            Ekuitas/Equity		 : (2.700)
       Wholesale trading based on                                                                Penjualan/ Sales		 : 31.338
       contracts, management consultants,
       etc.                                                                                      Beban Pokok Penjualan/
                                                                                                 Cost of Goods Sold 		 : (27.944)
       Tahun Penyertaan                                  Status
       Year of Inclusion                                 Beroperasi sejak 2020.                  Laba Kotor/ Gross Profit		 :           3.394
       2020.                                             Operating since 2020.                   Laba Bersih Tahun Berjalan/
                                                                                                 Nett Profit for the Current Year   : (1.512)
       Alamat                                            Dasar Hukum Pendirian
       Address                                           Legal Basis Incorporation
       Jl. Jend. Sudirman                                Akta No. 03 tanggal 21
       Kav. 52-52 Lot 22                                 September          2020         SK
       Sudirman Central Business District                Menkumham:          Menkumham
       (SCBD) Jakarta, 12190.                            AHU-0048742.AH. 01.01.Tahun
                                                         2020, tanggal 24 September
                                                         2020.
                                                         Deed No. 03 dated 21 September
                                                         2020 Decree of the Minister of Law
                                                         and Human Rights: Menkumham
                                                         AHU-0048742.AH. 01.01. Tahun
                                                         2020, September 24 2020.


       Pengurus
       Management
       Komisaris/ Commissioner            : Lenny Susilawaty Jamadi
       Direktur Utama/ President Director : Widi Satya Chitra
       Direktur/Director                  : Pandu Hardika




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                                             PT GROOCERIES CITY INDONESIA

                        Identitas Perusahaan                                         Kinerja Keuangan 2023 (dalam jutaan Rupiah)
                          Corporate Identity                                         Financial Performance 2023 (in Million Rupiah)

 Kegiatan Usaha                           Kepemilikan Saham                        Aset/ Assets		 : 16.685
 Business Activities                      Shareholding
 Perdagangan eceran supermarket           99,00%.                                  Liabilitas/Liability		 : 13.328
 dan perlengkapan rumah tangga.
 Retail trade in supermarkets and                                                  Ekuitas/Equity		 :                              3.357
 household goods.
                                                                                   Penjualan/ Sales		 :                              883
 Tahun Penyertaan                         Status
 Year of Inclusion                        Beroperasi sejak 2023.                   Beban Pokok Penjualan/
 2023                                     Operating since 2023.                    Cost of Goods Sold 		 : (1.718)

 Alamat                                   Dasar Hukum Pendirian                    Laba Kotor/ Gross Profit		 :                       45
 Address                                  Legal Basis Incorporation
 Jl. Jend. Sudirman                       Akta No. 03 tanggal 12 Juli 2023         Laba Bersih Tahun Berjalan/
 Kav. 52-52 Lot 22                        SK Menkumham: Menkumham                  Nett Profit for the Current Year            : (1.643)
 Sudirman Central Business District       AHU-0050478.AH. 01.01.Tahun
 (SCBD)                                   2023, tanggal 12 Juli 2023.
 Jakarta, 12190.                          Deed No. 03 dated 12 July 2023
                                          Decree of the Minister of Law and
                                          Human Rights: Menkumham
                                          AHU-0048742.AH. 01.01. Tahun
                                          2020, July 12, 2023.

 Pengurus
 Management
 Komisaris/ Commissioner                : Widi Satya Chitra
 Direktur/Director                      : Lie Jun Sin




LEMBAGA DAN PROFESI PENUNJANG                                           CAPITAL     MARKET     SUPPORTING
PASAR MODAL                                                             INSTITUTIONS AND PROFESSIONS

                                        Kantor Akuntan Publik Public Accounting Firm

       Nama                     Alamat                          Jasa yang Diberikan                         Periode                        Biaya
       Name                     Address                           Services Provided                      Service Period                    Cost

Mirawati Sensi Idris   Intiland Tower, Lt. 7          Jasa Audit Laporan Keuangan.                              2023                Rp850.000.000.
(An Independent        Jl. Jend. Sudirman Kav. 32     Financial Statement Audit
Member of Moore        Jakarta 10220                  Services.
Global Network         Telp : (021) 570 8111
Limited)               Fax : (021) 572 2737


                                Biro Administrasi Efek Securities Asministration Bureau

       Nama                     Alamat                          Jasa yang Diberikan                         Periode                        Biaya
       Name                     Address                           Services Provided                      Service Period                    Cost

PT Ficomindo           Jl. Jend. Sudirman Kav. 28     Pencatatan       pemilikan     saham                      2023                 Rp32.700.000.
Buana Registrar        Mayapada Tower                 Perseroan dan pembagian hak yang
                       Lt. 10 Suite 2-B               berkaitan dengan saham Perseroan.
                       Telp : (021) 521 2316          Recording of the Company’s share
                                                      ownership and distribution of rights
                                                      related to the Company’s shares.


                                                              Notaris Notary

       Nama                     Alamat                          Jasa yang Diberikan                         Periode                        Biaya
       Name                     Address                           Services Provided                      Service Period                    Cost

Humberg Lie, SH.,      Jl. Raya Pluit Selatan 103     Pembuatan       akta     perusahaan.                      2023                 Rp88.541.666.
SE., M.Kn.             Jakarta, 14450                 Creating a Deed of the company.
                       Telp : (021) 6669 7171
                       Fax : (021) 666 8527




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     ALAMAT TOKO                                                                                           STORE ADDRESS

                                                                                  JAKARTA
     SCBD Sudirman                                                Pejaten                               Ampera
     Jl. Jend. Sudirman Kav. 52-53                                Jl. Pejaten Raya No. 33               Jl. Ampera Raya No. 125
     SCBD Lot 22                                                  Jakarta Selatan                       Jakarta Selatan
     Jakarta Selatan
                                                                  Lippo Mall Puri                       Mall Artha Gading
     Tebet                                                        Lippo Mall Puri Unit LG- 101          Zona China Lt. 1 Unit A7
     Jl. Raya Tebet No. 29                                        Jl. Puri Indah Raya Blok U1           Jl. Artha Gading Selatan No. 1
     Tebet Timur Jakarta Selatan                                  CBD Puri Indah Jakarta Barat          Jakarta Utara

     Buaran                                                       Rawamangun                            Lippo Plaza Kramat Jati
     Jl. Raden Inten II No. 1                                     Jl. Pemuda Raya No. 10                Lt. 1 No. 37-38
     Jakarta Timur                                                Jakarta Timur                         Jl. Raya Jakarta-Bogor Km. 19
                                                                                                        Jakarta Timur
     Cipinang Indah Mall                                          Ujung Menteng
     Jl. Cipinang Indah Raya No. 1                                Jl. Sultan Hamengkubuwono IX          Green Terrace Mall
     Jakarta Timur                                                Cakung Jakarta Timur                  Green Terrace Mall Lt. 1
                                                                                                        Jl. Pintu I Blok D,
     Taman Anggrek                                                Gandaria City                         Taman Mini Indonesia Indah (TMII)
     Mal Taman Anggrek Lt. Dasar                                  Gandara City Mal Lt. 1                Jakarta Timur
     Jl. Let. Jend S. Parman, Kav. 21                             Jl. Sultan Iskandar Muda
     Tomang Jakarta Barat                                         Kebayoran Lama                        PIK Avenue
                                                                  Jakarta Selatan, 12240                PIK Avenue Lt. 1 Suite
     Pondok Indah Mall                                                                                  Pantai Indah Kapuk St Boulevard
     Pondok Indah Mall 1 Lt. 1 Unit B1                            Kota Kasablanka                       Jakarta Utara
     Jl. Metro Duta Niaga Blok B5                                 Kota Kasablanka Lt. LG
     Jakarta Selatan                                              Jl. Casablanca Raya Kav. 88
                                                                  Jakarta Selatan, 12870


                                                                                   BOGOR
     Bogor Trade Mall                                             Metropolitan Mall Cileungsi           Botani Square
     Bogor Trade Mall Lt. GF                                      Metropolitan Mall Cileungsi Lt. 1     Botani Square Lt. LG Unit 9
     Jl. Ir. H. Djuanda No. 68                                    Jl. Metro Raya, Perumahan Metland     Jl. Raya Pajajaran No. 40
     Bogor                                                        Cileungsi Bogor                       Bogor

     Cibinong City Mall                                           BAG Surya Kencana
     Cibinong City Mall Lt. Mezanine                              Jl. Siliwangi No. 4
     Jl. Tegar Beriman No. 1, Pakan Sari                          Bodongan Bogor Selatan
     Cibinong Bogor


                                                                                   DEPOK
     Margo City                                                   Cinere                                The Park Sawangan
     Margocity Lt.2 Unit 35 D                                     Jl. Cinere Raya No. 19, Ruko Cinere   The Park Sawangan Lt. 3
     Jl. Margonda Raya No. 358                                    Limo Depok                            Jl. Raya Parung – Ciputat No. 1,
     Depok                                                                                              Serua Bojongsari
                                                                                                        Depok


                                                                              TANGERANG
     Bintaro                                                      Supermall Karawaci                    Pamulang Terrace
     Bintaro CBD Block B7/D-01                                    Supermall Karawaci Lt.1 Unit A2       Jl. Pamulang Raya Kav. SH14
     Bintaro Jaya                                                 Jl. Boulevard Diponogoro No. 105      Kel. Pamulang Barat
     Tangerang Selatan                                            Lippo Karawaci                        Tangerang Selatan
                                                                  Tangerang
     Alam Sutera                                                                                        Tangerang City Mall
     Jl. Boulevard Alam Sutera No. 30                             Mal Ciputra Citra Raya Cikupa         Tangerang City Mall Lt. 2
     Alam Sutera, Banten                                          Citra Raya Cikupa Lt. 2               Jl. Jend. Sudirman No. 1, Babakan
     Tangerang Selatan                                            Jl. Citra Boulevard No. 1 Blok        Tangerang
                                                                  R.01, Ciakar, Citra Raya
                                                                  Tangerang




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                                                        BEKASI

Revo Town                                 Metropolitan Mall                                       Cikarang
Revo Town Lt. LG                          Metropolitan Mall Lt. 1 Unit 08 II                      Jl. Raya Cikarang Cibarusah No. 78
Jl. Jend. Ahmad Yani Kav.1                Jl. KH Noer Alie                                        Cikarang
Pekayon Jaya                              Bekasi Selatan                                          Bekasi
Bekasi Selatan
                                          Plaza Cibubur                                           Lippo Mall Cikarang
Jababeka                                  Plasa Cibubur Lt. 2 Unit 8A                             Lippo Mall Cikarang Lt. 1- 56 A
Jl. H. Usmar Ismail Blok O                Jl. Alternatif Transyogi Km.2-3                         Jl. MH. Thamrin
Kel. Mekar Mukti Jababeka                 Cibubur                                                 Lippo Cikarang
Cikarang Utara                                                                                    Bekasi, 17550
Bekasi


                                                       CILEGON

Cilegon Center Mall
Cilegon Center Mall Lt.1
Jl. Ahmad Yani No. 132, Sukmajaya
Kec. Jombang Kota Cilegon
Banten, 42411


                                                      BANDUNG

Paskal 23                                 Citimall Cianjur                                        Jatinangor Town Square
23 Paskal Shopping Center Lt. 2           Citimall Cianjur Lt. GF Unit B-15                       Jatinangor Town Square Lt. GF
Jl. Pasirkaliki No. 25-27                 Jl. KH Abdullah bin Nur No. 1                           Jl. Raya Jatinangor No. 150
Bandung                                   Cianjur                                                 Sumedang

Purwakarta
Jl. Taman Pahlawan No. 8
Purwakarta


                                                   PEKALONGAN
Plaza Pekalongan
Pekalongan Plaza
Jl. Nusantara No. 05
Pekalongan


                                                        MEDAN

Plaza Medan Fair                          Centre Point Medan
Plaza Medan Fair Lt.3                     Mal Centre Point Medan Lt. 1
Zona Selatan                              Jl. Jawa No. 8
Jl. Jend Gatot Subroto No. 30             Medan, 20231
Medan


                                                      LAMPUNG

Kartini Lampung                           Boemi Kedaton
Jl. Kartini No. 99                        Jl. Sultan Agung/ Zainal Abidin,
Tanjung Karang                            Pagar Alam No. 1
Bandar Lampung                            Bandar Lampung
                                          Lampung

                                                       PADANG

SPR Plaza
Padang Sentral Pasar Raya Plaza, Lt. 3,
Kp. Jao, Kec. Padang Bar., Kota Padang,
Sumatera Barat 25112




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                                                                                         BALI
     Discovery Shopping Mall                                      Ruko Teuku Umar Bali
     Discover Shopping Mall Lt. 3                                 Jl Teuku Umar No. 85A Desa Dauhpuri Kauh
     Jl. Kartika Plaza                                            Kec. Denpasar Barat
     Kuta Badung                                                  Kota Denpasar 80113


                                                                                    BATAM
     Nagoya Hill
     Nagoya Hill Unit SA-SF-3A
     Jl. Teuku Umar Nagoya
     Batam

                                                                               MAGELANG
     Armada Town Square
     Jl. Mayjen Bambang Soegeng No. 1
     Magelang
     Jawa Tengah


                                                                               PEKANBARU
     SKA Mall Pekanbaru
     Jl. Soekarno - Hatta No. 114, Delima
     Kec. Tampan
     Kota Pekanbaru
     Riau 28292

                                                                                MAKASSAR
     Panakukang Mall
     Jl. Boulevard
     Komp. Panakkukang Mas
     Makassar
     Sulawesi Selatan


                                                                               PALEMBANG

     Palembang Icon                                               OPI Mall
     Palembang Icon Lt. 2 Unit 59                                 OPI Mall Lt. 2
     Jl. Pom IX                                                   Jl. Gubernur H. A Bastari, Sungai
     Palembang                                                    Kedukan, Rambutan, Banyuasin
     Sumatera Selatan                                             Sumatera Selatan, 30257

                                                                                  KENDARI

     Lippo Plaza Kendari                                          BAG Kendari
     Lippo Plaza Kendari Lt.UG Unit 08                            Jl. H. Abdul Silondae No. 83
     Jl. MT. Haryono No. 61 – 63                                  Mandonga
     Kendari                                                      Kendari
     Sulawesi Tenggara                                            Sulawesi Tenggara

                                                                               PONTIANAK
     GAIA Bumi Raya City Mall
     Jl. Supadio,
     Desa Sungau Raya, Kubu Raya,
     Kalimantan Barat


                                                                                  MANADO
     Manado Town Square
     Manado Town Square Lt. 3 SF
     Jl. Pierre Tendean Boulevard
     Manado




82   PT Electronic City Indonesia Tbk - Laporan Tahunan dan Laporan Keberlanjutan 2023
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     Analisis Dan Pembahasan Manajemen                             Tata Kelola Perusahaan                                        Laporan Keberlanjutan
     Management Discussion And Analysis                            Good Corporate Governance                                     Sustainability Report




INFORMASI PADA SITUS WEB                                                  INFORMATION ON THE WEBSITE
Perseroan telah mempunyai situs web sebagai sarana                        The Company already has a website as a means of
informasi bagi seluruh pemangku kepentingan,                              information for all stakeholders, whose address is www.
yang beralamat www.corp.electronic-city.com atau                          corp.electronic-city.com or www.eci.id. The content of
www.eci.id. Adapun konten situs web tersebut telah                        the website has been adjusted to the Financial Services
disesuaikan dengan Peraturan Otoritas Jasa Keuangan                       Authority Regulation No. 8/POJK.04/2015 concerning the
No. 8/POJK.04/2015 tentang Situs Web Emiten atau                          Website of Issuers or Public Companies, which is described
Perusahaan Publik, yang diuraikan sebagai berikut.                        as follows.



                      Uraian                           Ketersediaan                                   Keterangan
                    Description                         Availability                                  Information


 Informasi Pemegang Saham sampai dengan                                Belum mengungkapkan di dalam situs web, namun secara berkala telah
 Pemilik Akhir Individu
                                                            x          disampaikan kepada regulator.
 Shareholder Information up to Individual End                          It has not been disclosed on the website, but it has been periodically
 Owner                                                                 communicated to regulators.

 Struktur Grup Perusahaan                                              Terdapat pada halaman Sekilas Perusahaan > Struktur Organisasi.
 Group of Companies Structure
                                                            √          It is located on the Company Overview > Organizational Structure page.

 Analisa Kinerja Keuangan                                              Terdapat pada halaman Hubungan Investor > Ikhtisar Keuangan
 Financial Performance Analysis
                                                            √          It is found on the Investor Relations > Financial Highlights page

 Isi Kode Etik                                                         Terdapat pada halaman Hubungan Investor > Laporan Tahunan
 Contents of the Code of Ethics
                                                            √          It is found on the Investor Relations > Annual Report

 Rapat Umum Pemegang Saham                                             Terdapat pada halaman Home > Berita Terbaru
 General Meeting of Shareholders
                                                            √          Available on the Home page > Latest News

 Laporan Keuangan Tahunan (5 tahun terakhir)                           Terdapat pada halaman Investor > Laporan Keuangan.
 Annual Financial Report (last 5 years)
                                                            √          It is located on the Investor > Financial Statements page.

 Profil Dewan Komisaris dan Direksi                                    • Profil Dewan Komisaris
 Profile of the Board of Commissioners and Directors
                                                            √            Board of Commissioners Profile
                                                                         Terdapat pada halaman Sekilas Perusahaan > Manajemen Dewan
                                                                         Komisaris.
                                                                         It is located on the Company Overview > Management > Board of
                                                                         Commissioners page.
                                                                       • Profil Direksi
                                                                         Board of Directors Profile
                                                                         Terdapat pada halaman Sekilas Perusahaan > Manajemen > Direksi.
                                                                         It is located on the Company Overview > Management > Board of Directors
                                                                         page.

 Piagam Dewan Komisaris, Direksi, Komite-Komite,                       • Piagam Dewan Komisaris dan Direksi
 dan Unit Audit Internal
                                                            √            Board of Commissioners and Directors Charter
 Charter of the Board of Commissioners, Board of                         Terdapat pada halaman Hubungan Investor > Piagam > Piagam Dewan
 Directors, Committees, and Internal Audit Unit                          Komisaris dan Direksi.
                                                                         It is located on the Investor Relations page > the Charter > the Board of
                                                                         Commissioners and Directors Charter.
                                                                       • Piagam Komite Audit
                                                                         Audit Committee Charter
                                                                         Terdapat pada halaman Hubungan Investor > Piagam > Piagam Komite
                                                                         Audit.
                                                                         It is located on the Investor Relations > Charter > Audit Committee Charter
                                                                         page.
                                                                       • Piagam Unit Audit Internal
                                                                         Internal Audit Unit Charter
                                                                         Terdapat pada halaman Hubungan Investor > Piagam > Piagam Unit
                                                                         Audit Internal.
                                                                         It is located on the Investor Relations > Charter > Internal Audit Unit
                                                                         Charter pages.




                                                                              PT Electronic City Indonesia Tbk - 2023 Annual Report and Sustainability Report   83
Page 85
ANALISIS DAN
PEMBAHASAN
MANAJEMEN
MANAGEMENT DISCUSSION
AND ANALYSIS
Page 86

          
Page 87
           Kilas Kinerja                                                          Laporan Manajemen                                                 Profil Perusahaan
           Performance Glimpses                                                   Management Reports                                                Company Profile




     ANALISIS DAN PEMBAHASAN MANAJEMEN
     MANAGEMENT DISCUSSION & ANALYSIS


     Tinjauan Ekonomi                                                                    Economic Overview

     Sepanjang tahun 2023, ketidakpastian ekonomi global                                 Throughout 2023, global economic uncertainty will continue
     terus berlanjut sebagai dampak dari gejolak geopolitik di                           as a result of geopolitical upheavals in Europe and the Middle
     Eropa dan Timur Tengah. Bank Indonesia memperkirakan                                East. Bank Indonesia expects the global economy to grow
     ekonomi global tumbuh sebesar 3,0% pada tahun 2023,                                 by 3.0% in 2023, and will slow in 2024 to 2.8%. In addition,
     dan akan melambat di tahun 2024 menjadi 2,8%. Tidak                                 geopolitical tensions are expected to continue, economic
     hanya itu, diperkirakan ketegangan geopolitik terus                                 weakness in a number of major countries, including the
     berlanjut, pelemahan ekonomi di sejumlah negara                                     United States and China, as well as lower monetary interest
     utama, termasuk Amerika Serikat dan Tiongkok, serta                                 rates in advanced countries, especially the Fed Funds Rate
     terjadinya penurunan suku bunga moneter negara                                      (FFR).
     maju, khususnya Fed Funds Rate (FFR).

     Pemulihan ekonomi Indonesia terus berlanjut ditopang                                Indonesia’s economic recovery has been sustained on the
     oleh permintaan domestik. Selain itu, konsumsi dan                                  back of domestic demand. In addition, consumption and
     investasi terus meningkat sejalan dengan peningkatan                                investment continue to increase in line with increasing
     belanja pemerintah, serta penyelesaian Proyek Strategis                             government spending, as well as the completion of National
     Nasional (PSN). Berdasarkan data Badan Pusat Statistik,                             Strategic Projects (NSP). Based on data from the Central
     ekonomi Indonesia tumbuh sebesar 5,05% dan                                          Statistics Agency, Indonesia’s economy grew by 5.05% and is
     diperkirakan akan meningkat dalam kisaran 4,7%-5,5%                                 expected to increase in the range of 4.7%-5.5% supported by
     didukung oleh permintaan domestik, adanya dampak                                    domestic demand, the positive impact of holding elections,
     positif penyelenggaraan pemilu, serta peningkatan                                   and increasing investment, especially buildings in line with
     investasi khususnya bangunan sejalan dengan berlanjutnya                            the continued development of PSN including the Capital City
     pembangunan PSN termasuk Ibu Kota Nusantara (IKN).                                  of the Nusantara (IKN).

     Dilihat dari pertumbuhan produk domestik bruto (PDB)                                Judging from the growth of gross domestic product (GDP)
     menurut lapangan usaha, pertumbuhan tertinggi diraih                                according to business fields, the highest growth was
     oleh sektor transportasi dan pergudangan sebesar 18,33%;                            achieved by the transportation and warehousing sector of
     jasa lainnya sebesar 10,15%; pengadaan listrik & gas sebesar                        18.33%; other services amounted to 10.15%; electricity & gas
     8,68%; serta perdagangan yang tercatat sebesar 4,09%.                               procurement by 8.68%; and trading which was recorded at
     Sedangkan dari pertumbuhan PDB menurut pengeluaran                                  4.09%. Meanwhile, GDP growth according to expenditure
     hampir semua sektor mengalami pertumbuhan, yang                                     of almost all sectors experienced growth, the highest
     tertinggi diraih oleh konsumsi LNPRT sebesar 18,11%,                                achieved by LNPRT consumption of 18.11%, Gross Fixed
     Pembentukan Modal Tetap Bruto (PMTB) tercatat sebesar                               Capital Formation (PMTB) was recorded at 5.02%, household
     5,02%, konsumsi rumah tangga sebesar 4,47%, serta impor                             consumption was 4.47%, and imports contracted by 0.15%
     mengalami kontraksi sebesar 0,15% di tahun 2023.                                    in 2023.

     Sumber:                                                                             Source:
     • Tinjauan Kebijakan Moneter Triwulan IV 2023 yang dipublikasikan oleh              • Monetary Policy Review for the Fourth Quarter of 2023 published by Bank
       Bank Indonesia.                                                                     Indonesia.
     • Berita Resmi Statistik, yang dipublikasikan oleh Badan Pusat                      • Official Statistical Gazette, published by the Central Bureau of Statistics on
       Statistikpada tanggal 5 Februari 2024.                                              February 5, 2024.




     Tinjauan Industri                                                                   Industry Overview
     Aktivitas bisnis Perseroan berfokus pada perdagangan                                The Company’s business activities focus on trade which
     yang sangat dipengaruhi oleh kemampuan beli                                         is strongly influenced by people’s purchasing ability and
     masyarakat dan peningkatan konsumsi rumah tangga.                                   increased household consumption. In 2023, household
     Di tahun 2023, konsumsi rumah tangga tumbuh sebesar                                 consumption will grow by 4.47%, driven by an increase
     4,47% yang didorong oleh kenaikan upah minimum                                      in the minimum wage and social assistance from the
     dan bantuan sosial dari pemerintah. Selain itu, inflasi                             government. In addition, consumer price index (CPI)
     indeks harga konsumen (IHK) juga menurun yang                                       inflation also decreased to 2.61%. The decline in inflation
     tercatat sebesar 2,61%. Penurunan inflasi ini disebabkan                            was attributable to the control of various components of
     terjaganya berbagai komponen inflasi sebagai hasil                                  inflation as a tangible result of monetary policy consistency
     nyata dari konsistensi kebijakan moneter Bank Indonesia.                            by Bank Indonesia.




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    Analisis Dan Pembahasan Manajemen                  Tata Kelola Perusahaan                                       Laporan Keberlanjutan
    Management Discussion And Analysis                 Good Corporate Governance                                    Sustainability Report




Berdasarkan rilis dari Tinjauan Kebijakan Moneter             Based on the release of the Monetary Policy Review for the
Triwulan IV 2023, disampaikan bahwa Bank Indonesia            fourth quarter of 2023, it is conveyed that Bank Indonesia
terus memperkuat kebijakan moneter yang pro-stability         will continue to strengthen pro-stability monetary policy
dan mempererat sinergi kebijakan dengan Pemerintah            and strengthen policy synergy with the Government to
guna memastikan inflasi 2024 berada dalam kisaran             ensure inflation in 2024 is within the 2.5±1% range, and
2,5±1%, dan terus memperkuat sinergi stimulus fiskal          continue to strengthen synergy between the Government
Pemerintah dengan stimulus makroprudensial Bank               fiscal stimuli and Bank Indonesia macroprudential stimuli
Indonesia untuk mendorong pertumbuhan ekonomi,                to stimulate economic growth, particularly on the domestic
khususnya dari sisi permintaan domestik.                      demand side.

Di sisi lainnya, sektor perdagangan diperkirakan              On the other hand, the trade sector is expected to continue
akan terus bertumbuh positif sejalan beralihnya               to grow positively in line with the shifting habits of the
kebiasaan masyarakat Indonesia melakukan transaksi            Indonesian people conducting shopping transactions
belanja secara online atau melalui e-commerce yang            online or through e-commerce which provides convenience
menyediakan kemudahan dalam memilih barang                    in choosing goods and is supported by good product
dan didukung dengan kualitas produk yang baik.                quality. The Indonesian Ministry of Trade projects that public
Kementerian Perdagangan Indonesia memproyeksikan              transactions through e-commerce in 2023 are estimated
transaksi masyarakat melalui e-commerce di tahun 2023         to reach Rp533 billion. The growth of e-commerce is also
diperkirakan mencapai Rp533 milliar. Pertumbuhan              utilized by business owners effectively to market a variety
e-commerce juga dimanfaatkan oleh pemilik bisnis              of products offered while maintaining existing outlets or
dengan efektif untuk memasarkan beragam produk-               stores.
produk yang ditawarkan dengan tetap mempertahakan
outlet atau toko-toko yang telah ada.

Tinjauan Segmen Usaha                                         Business Segment Overview
Perseroan mempunyai 4 segmen usaha yang terdiri               The Company has 4 business segments consisting of sales
dari penjualan barang elektronik bermerek, sewa,              of branded electronic goods, rentals, commissions for sales
komisi penjualan barang konsinyasi, serta lain-lainnya.       of consignment goods, and others. The profitability of each
Profitabilitas masing-masing segmen usaha dalam 2             business segment in the last 2 years is disclosed as follows.
tahun terakhir diungkapkan sebagai berikut.



                                                                         Pertumbuhan
                                                                            Growth
             Uraian                  2023          2022                                                             Description
                                                                         Rp                  %


 Penjualan barang elektronik        2.330.669     2.060.363           270.306               13,12               Branded Electronics Sales
 bermerek

 Sewa                                    97.244      96.162              1.082                1,13                                     Rent

 Komisi penjualan barang                  1.114       1.656               (542)            (32,70)             Commission on the sale of
 konsinyasi                                                                                                        consignment goods

 Lain-lain                               40.249      34.136              6.113              17,91                                    Others

 Jumlah                             2.469.278     2.192.317           276.961               12,63                                     Total

 Persentase Kontribusi                                                                                         Contribution Percentage

 Penjualan barang elektronik             94,39%     93,98%                                                      Branded Electronics Sales
 bermerek

 Sewa                                     3,94%      4,39%                                                                             Rent

 Komisi penjualan barang                  0,05%      0,08%                                                     Commission on the sale of
 konsinyasi                                                                                                        consignment goods

 Lain-lain                                1,63%      1,56%                                                                           Others

 Jumlah                              100,00%       100,00%                                                                            Total




                                                                 PT Electronic City Indonesia Tbk - 2023 Annual Report and Sustainability Report   87
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           Kilas Kinerja                                                          Laporan Manajemen                                   Profil Perusahaan
           Performance Glimpses                                                   Management Reports                                  Company Profile




     Aspek Pemasaran                                                                      Marketing Aspects

     Strategi Pemasaran                                                                   Marketing Strategy

     Strategi pemasaran ditetapkan sebagai acuan untuk                                    Marketing strategy is set as a reference to maintain
     mempertahankan dan mengembangkan bisnis. Strategi                                    and develop the business. The strategy set is adjusted
     yang ditetapkan disesuaikan dengan kondisi perusahaan                                to the company’s conditions and the latest industry
     dan perkembangan industri terkini. Pada tahun 2023,                                  developments. In 2023, the Company will continue its
     Perseroan melanjutkan strategi pemasaran yang telah                                  previously established marketing strategy, as follows.
     ditetapkan sebelumnya, sebagai berikut.
     1. Mengintensifkan operasional 60 toko yang tersebar                                 1. Intensifying the operations of 60 stores spread across
        di beberapa kota di Pulau Jawa, Bali, Sumatera, dan                                  several cities in Java, Bali, Sumatra, and Sulawesi.
        Sulawesi.
     2. Meningkatkan        penawaran      produk      melalui                            2. Increase product offerings through e-commerce and in
        e-commerce dan di toko konvensional dengan                                           conventional stores with a variety of attractive promos.
        beragam promo yang menarik.
     3. Meningkatkan 7 value added dan 4 premium                                          3. Increase 7 value added and 4 premium services, of which
        services, di mana 7 value added, yaitu 14 hari garansi                               value added is 14 days warranty return and exchange,
        pengembalian dan penukaran, produk orisinil dan                                      original product and official warranty, free delivery and
        garansi resmi, pengantaran dan instalasi gratis,                                     installation, free insurance, installment and complete
        gratis asuransi, cicilan dan pembayaran lengkap,                                     payment options, e-cityzen rewards, and premium
        e-cityzen rewards. Sementara 4 premium services,                                     services. And 4 premium services, namely extended
        yaitu perpanjangan garansi dan asuransi, layanan                                     warranty and insurance, express repair service, express
        perbaikan ekspres, pengantaran dan instalasi ekspres,                                delivery and installation, and gift cards.
        serta gift card.
     4. Mengoperasikan 10 gudang untuk memasok barang                                     4. Operate 10 distribution centers to supply products to
        ke setiap toko yang tersebar di beberapa kota di Pulau                               each store spread across several cities in Jawa, namely
        Jawa, yaitu Bali, Sumatera, Kalimantan, dan Sulawesi.                                Bali, Sumatra, Kalimantan and Sulawesi.

     Pangsa Pasar                                                                         Market Share
     Perseroan      mengefektifkan       pemasaran        dan                             The Company streamlines marketing and distribution
     pendistribusian ke pasar nasional, yaitu seluruh wilayah                             to the national market, which is across all regions in
     di Indonesia. Melalui pemasaran yang efektif, Perseroan                              Indonesia. Through effective marketing, the Company
     berharap dapat merealisasikan pendistribusian ke pasar                               hopes to realize distribution to foreign markets through
     luar negeri melalui peluang yang potensial dan menjalin                              potential opportunities and establish cooperation with
     kerja sama dengan berbagai mitra usaha.                                              various business partners.


     Tinjauan dan Analisa Keuangan                                                        Financial Review and Analysis

     Informasi terkait tinjauan dan analisa keuangan                                      Information related to the Company’s financial review and
     Perseroan untuk tahun buku yang berakhir tanggal                                     analysis for the financial year ended December 31, 2023
     31 Desember 2023 telah berdasarkan audit oleh                                        has been based on an audit by Public Accounting Firm
     Kantor Akuntan Publik Mirawati Sensi Idris, anggota                                  Mirawati Sensi Idris, an independent member of Moore
     independen Moore Global Network Limited dengan                                       Global Network Limited with Public Accountant Henri
     Akuntan Publik Henri Sinurat yang ditandatangani pada                                Sinurat signed on March 31, 2024. The audit results are
     tanggal 31 Maret 2024. Hasil audit tersebut disampaikan                              submitted with a fair opinion in all material respects, and
     dengan opini yang wajar dalam semua hal yang material,                               are in accordance with Financial Accounting Standards
     serta telah sesuai dengan Standar Akuntansi Keuangan                                 in Indonesia and audit standards determined by the
     di Indonesia dan standar audit yang ditentukan oleh                                  Indonesian Institute of Public Accountants.
     Institut Akuntan Publik Indonesia.




88   PT Electronic City Indonesia Tbk - Laporan Tahunan dan Laporan Keberlanjutan 2023
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     Analisis Dan Pembahasan Manajemen                       Tata Kelola Perusahaan                                          Laporan Keberlanjutan
     Management Discussion And Analysis                      Good Corporate Governance                                       Sustainability Report




Informasi terkait tinjauan dan analisa keuangan                      Information related to the Company’s financial review and
Perseroan sepanjang tahun 2023 diungkapkan sebagai                   analysis throughout 2023 is disclosed as follows.
berikut.
                                                   (dalam jutaan Rupiah, kecuali dinyatakan lain/(in millions of Rupiah, unless otherwise stated)

                                                                                  Pertumbuhan
                                                                                     Growth
               Uraian                 2023               2022                                                                Description
                                                                                  Rp                  %

 Aset Assets

 Aset Lancar                          927.661          1.002.260               (74.598)              (7,44)                          Current Assets

 Aset Tidak Lancar                    769.467            741.101                 28.365                3,83                     Non-Current Assets

 Jumlah Aset                        1.697.128         1.743.361               (46.233)              (2,65)                             Total Assets

 Liabilitas Liabilities

 Liabilitas Jangka Pendek             472.866            475.512                (2.646)              (0,56)                   Short Term Liabilities

 Liabilitas Jangka Panjang                51.891          38.969                12.922               33,16                     Long Term Liabilities

 Jumlah Liabilitas                    524.758           514.482                 10.276                2,00                      Total of Liabilities

 Jumlah Ekuitas                     1.172.370         1.228.879               (56.509)              (4,60)                          Total of Equity



Aset                                                                 Assets
Perseroan mencatatkan aset sebesar Rp1.697,13 miliar                 The Company recorded assets of Rp1.697,13 billion by
di tahun 2023. Jumlah tersebut menurun sebesar 2,65%                 2023. The amount decreases by 2.65% or equivalent to
atau setara Rp46,23 miliar dibandingkan tahun 2022                   Rp46.23 billion compared to 2022 which was recorded at
yang tercatat sebesar Rp1.743,36 miliar. Kondisi ini                 Rp1.743,36 billion. This condition is caused by a decrease in
disebabkan oleh menurunnya jumlah aset lancar.                       the number of current assets.

Liabilitas                                                           Liability
Liabilitas Perseroan mengalami peningkatan sebesar                   The Company’s liabilities increased by 2,00% or equivalent
2,00% atau setara Rp10,28 miliar, dibandingkan tahun                 to Rp10,28 billion, compared to 2022 which was recorded
2022 yang tercatat sebesar Rp514,48 miliar. Kondisi ini              at Rp514,48 billion. This condition is caused by increasing
disebabkan oleh meningkatnya liabilitas jangka panjang.              long-term liabilities.

Ekuitas                                                              Equity
Perseroan mencatatkan ekuitas sebesar Rp1.172,37                     The Company recorded equity of Rp1.172,37 billion in
miliar di tahun 2023, menurun sebesar 4,60% atau                     2023, decrease by 4.60% or equivalent to Rp56.51 billion
setara Rp56,51 miliar dibandingkan tahun 2022 yang                   compared to 2022 which was recorded at Rp1.228,88
tercatat sebesar Rp1.228,88 miliar. Penurunan tersebut               billion. This decrease was caused by a decrease in unrealized
disebabkan oleh menurunnya laba rugi yang belum                      profit or loss due to changes in the fair value of financial
direalisasi atas perubahan nilai wajar aset keuangan                 assets measured at fair value through other comprehensive
yang diukur pada nilai wajar melalui penghasilan                     income amounting to IDR 82.62 billion.
komprehensif lain sebesar Rp 82,62 miliar.




                                                                          PT Electronic City Indonesia Tbk - 2023 Annual Report and Sustainability Report   89
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           Kilas Kinerja                                                          Laporan Manajemen                                                 Profil Perusahaan
           Performance Glimpses                                                   Management Reports                                                Company Profile




     Laporan Laba (Rugi) dan Penghasilan Komprehensif                                           Profit (Loss) and Comprehensive Income Statement
                                                                         (dalam jutaan Rupiah, kecuali dinyatakan lain/(in millions of Rupiah, unless otherwise stated)

                                                                                                       Pertumbuhan
                                                                                                          Growth
                    Uraian                            2023                      2022                                                          Description
                                                                                                       Rp                 %

       Pendapatan                                  2.469.278                  2.192.317              276.960             12,63                               Income

       Beban Pokok Penjualan                       2.054.644                  1.802.448              252.195             13,99                   Cost of Goods Sold

       Laba Kotor                                    414.634                    389.869               24.765              6,35                           Gross Profit

       Beban Usaha                                  (396.790)                 (377.376)              (19.414)             5,14                  Operating Expenses

       Laba (Rugi) Sebelum Pajak                       13.210                    11.879                 1.330            11,20               Profit (Loss) Before Tax

       Manfaat (Beban) Pajak-Bersih                      (162)                       542                (705)         (129,98)            Tax Benefits (Burdens)-Net

       Laba Tahun Berjalan                             13.047                    12.421                  626              5,04            Profit for the Current Year

       Jumlah Penghasilan (Rugi)                     (71.704)                 (171.930)              100.227             (5,83)             Comprehensive Income
       Komprehensif                                                                                                                                         (Loss)

       Jumlah Laba (Rugi) Tahun                                                                                                                             Amount
       Berjalan yang Dapat                                                                                                                Current Year’s Profit (Loss)
       Diatribusikan Kepada:                                                                                                               Amount Attributable to:

        Pemilik Entitas Induk                          13.062                    12.436                  626              5,03                 Parent Entity Owner

        Kepentingan Non-                                  (14)                      (14)                    0             0,20                     Non-Controlling
        Pengendali                                                                                                                                       Interests

       Jumlah Laba (Rugi)                                                                                                          Comprehensive Amount of Profit
       Komprehensif yang Dapat                                                                                                              (Loss) Attributable to:
       Diatribusikan kepada:

        Pemilik Entitas Induk                        (71.689)                 (171.916)              100.227           (58,30)                  Parent Entity Owner

        Kepentingan Non-                                  (14)                      (14)                    0             0,20                      Non-Controlling
        Pengendali                                                                                                                                        Interests

       Laba (Rugi) per Saham Dasar                          11                           10                 1            10,00           Profit (Loss) per Share Base



     Pendapatan                                                                                                                                               Income
                                                                         (dalam jutaan Rupiah, kecuali dinyatakan lain/(in millions of Rupiah, unless otherwise stated)

                                                                                                        Pertumbuhan
                                                                                                           Growth
                    Uraian                            2023                      2022                                                          Description
                                                                                                       Rp                 %

       Penjualan barang elektronik                  2.330.669                 2.060.363              270.306             13,12            Branded Electronics Sales
       bermerek

       Sewa                                            97.244                    96.162                 1.082             1,13                                   Rent

       Komisi penjualan barang                           1.114                    1.656                 (542)          (32.70)            Commission on the sale of
       konsinyasi                                                                                                                             consignment goods

       Lain-lain                                       40.249                    34.136                 6.113            17,91                                Others

       Jumlah                                      2.469.278                 2.192.317              276.961             12,63                                   Total

       Persentase Kontribusi                                                                                                             Contribution Percentage

       Penjualan barang elektronik                     94,39%                     93,98                                                   Branded Electronics Sales
       bermerek

       Sewa                                             3,94%                       4,39                                                                         Rent

       Komisi penjualan barang                          0,05%                       0,08                                                  Commission on the sale of
       konsinyasi                                                                                                                             consignment goods

       Lain-lain                                        1,63%                       1,56                                                                      Others

       Jumlah                                       100,00%                   100,00%                                                                           Total




90   PT Electronic City Indonesia Tbk - Laporan Tahunan dan Laporan Keberlanjutan 2023
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    Analisis Dan Pembahasan Manajemen                    Tata Kelola Perusahaan                                       Laporan Keberlanjutan
    Management Discussion And Analysis                   Good Corporate Governance                                    Sustainability Report




Perseroan    memperoleh         pendapatan       sebesar       The Company earned revenue of Rp2.469,23 billion by
Rp2.469,23 miliar pada tahun 2023. Jumlah tersebut             2023. The amount increases by Rp276.96 billion or 12.63%,
meningkat sebesar Rp276,96 miliar atau sebesar                 compared to 2022 obtained at Rp2.192,32 billion. This was
12,63%, dibandingkan tahun 2022 yang diperoleh                 motivated by the increase in sales of branded electronic
sebesar Rp2.192,32 miliar. Hal ini dilatarbelakangi oleh       goods by 13.12%.
meningkatnya penjualan barang elektronik bermerek
sebesar 13,12%.

Di tahun 2023, penjualan barang elektronik Perseroan           In 2023, the Company’s electronic goods sales will reach
mencapai Rp2.330,67 miliar, meningkat sebesar                  Rp2.330,67 billion, increased by Rp270.31 billion or
Rp270,31 miliar atau setara 13,12% dibandingkan tahun          equivalent 13.12% compared to 2022 which was recorded
2022 yang tercatat sebesar Rp2.060,36 miliar.                  at Rp2.060,36 billion.

Di sisi lain, pendapatan dari jasa sewa turut mengalami        On the other hand, income from rental services also
peningkatan sebesar 1,13% atau setara Rp1,08 miliar,           increased by 1.13% or equivalent to Rp1.08 billion, from
dari Rp96,16 miliar di tahun 2022, menjadi Rp97,24             Rp96.16 billion in 2022, to Rp97.24 billion in 2023.
miliar di tahun 2023.

Pendapatan dari komisi penjualan barang konsinyasi             Revenue from commission on sales of consignment goods
tercatat sebesar Rp1,11 miliar, menurun sebesar                was recorded at Rp1.11 billion, decreased by Rp542 billion
Rp542 juta atau setara 32,70%, dibandingkan tahun              or equivalent 32.70%, compared to the previous year which
sebelumnya yang tercatat sebesar Rp1,66 miliar.                was recorded at Rp1.66 billion.

Pada tahun 2023, Perseroan memperoleh pendapatan               In 2023, the Company will earn revenue from other revenues
yang berasal dari lain-lain sebesar Rp40,25 miliar. Jumlah     of Rp40.25 billion. The amount increases by Rp6.11 billion
tersebut meningkat sebesar Rp6,11 miliar atau setara           or equivalent 17.91% compared to the previous year which
17,91% dibandingkan tahun sebelumnya yang tercatat             was recorded at Rp3.27 billion.
sebesar Rp3,27 miliar.

Beban Pokok Pendapatan                                         Cost of Revenue
Beban pokok pendapatan tercatat sebesar Rp2.054,64             Cost of revenue sold was recorded at Rp2.054,64 billion,
miliar, meningkat sebesar 13,99% atau sebesar Rp252,20         increased by 13.99% or Rp252.20 billion, compared to the
miliar, dibandingkan tahun sebelumnya yang tercatat            previous year which was recorded at Rp1.802,45 billion.
sebesar Rp1.802,45 miliar. Hal ini disebabkan oleh             This was caused by an increase in goods available for sale
meningkatnya barang tersedia untuk dijual sebesar              by 14.66%.
14,66%.

Laba Kotor                                                     Gross Profit
Di tahun 2023, Perseroan mencatatkan laba kotor sebesar        In 2023, the Company recorded a gross profit of Rp414.63
Rp414,63 miliar, meningkat sebesar Rp24,77 miliar              billion, increased by Rp24.77 billion or equivalent 6.35%,
atau setara 6,35%, dibandingkan tahun sebelumnya               compared to the previous year which was recorded at
yang tercatat sebesar Rp389,87 miliar. Meningkatnya            Rp389.87 billion. The increase in gross profit was caused by
laba kotor tersebut disebabkan oleh meningkatnya               an increase in revenue.
pendapatan.

Beban Usaha                                                    Operating Expenses
Di tahun 2023, beban usaha Perseroan tercatat sebesar          In 2023, the Company’s operating expenses will be recorded
Rp396,79 miliar, meningkat sebesar 5,14% atau setara           at Rp396.79 billion, an increase of 5.14% or equivalent
Rp19,41, dibandingkan tahun 2022 yang tercatat sebesar         to Rp19.41, compared to 2022 which was recorded at
Rp377,38 miliar. Hal ini dipengaruhi oleh meningkatnya         Rp377.38 billion. This was influenced by an increase salary
biaya gaji, biaya sewa dan jasa pelayanan, iklan promosi,      costs, rental and service costs, advertising promotions, and
serta tunjangan lainnya sebesar Rp6,89 miliar.                 other benefits amounted to Rp6.89 billion.

Laba(Rugi) Sebelum Pajak                                       Profit (Loss) Before Tax
Per Desember 2023, Perseroan mencatatkan laba (rugi)           As of December 2023, the Company recorded a profit (loss)
sebelum pajak sebesar Rp13,21 miliar, meningkat                before tax of Rp13.12 billion, increased by Rp1.33 billion or
sebesar Rp1,33 miliar atau setara 11,20%, dibandingkan         equivalent 11.20%, compared to the previous year which
tahun sebelumnya yang tercatat sebesar Rp11,88 miliar.         was recorded at Rp11.88 billion. This condition was caused
Kondisi ini disebabkan oleh meningkatnya pendapatan            by an increase in sales revenue.
penjualan.




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           Kilas Kinerja                                                          Laporan Manajemen                                                 Profil Perusahaan
           Performance Glimpses                                                   Management Reports                                                Company Profile




     Manfaat (Beban) Pajak                                                                 Tax Benefits (Burdens)
     Beban pajak Perseroan tercatat sebesar Rp162 juta,                                    The Company’s tax expense was recorded at Rp162 million,
     menurun dibandingkan tahun sebelumnya yang tercatat                                   an decrease compared to the previous year which was
     sebesar Rp542 juta.                                                                   recorded at Rp542 million.

     Laba (Rugi) Tahun Berjalan                                                            Profit (Loss) for the Current Year
     Laba tahun berjalan Perseroan tercatat sebesar Rp13,05                                The Company’s profit for the year was recorded at Rp13.05
     miliar di tahun 2023. Jumlah tersebut meningkat sebesar                               billion in 2023. The amount increases by Rp626 million or
     Rp626 juta atau setara 5,04%, dibandingkan tahun                                      equivalent 5.04%, compared to 2022 which was recorded at
     2022 yang tercatat sebesar Rp12,42 miliar. Kondisi ini                                Rp12.42 billion.This condition caused by increasing income.
     disebabkan oleh meningkatnya pendapatan.

                                                                         (dalam jutaan Rupiah, kecuali dinyatakan lain/(in millions of Rupiah, unless otherwise stated)

                                                                                                       Pertumbuhan
                                                                                                          Growth
                   Uraian                             2023                      2022                                                          Description
                                                                                                       Rp                 %


       Kas Bersih Dari Aktivtitas                   (42.594)                    29.186              (71.780)           (245,94)           Net Cash From Operating
       Operasi                                                                                                                                            Activity

       Kas Bersih Diperoleh dari                       5.834                    34.519              (28.684)            (83,10)         Net Cash Earned from (Used
       (Digunakan untuk) Aktivitas                                                                                                         for) Investment Activities
       Investasi

       Kas Bersih Diperoleh dari                    (17.169)                  (35.031)                17.862            (50,99)         Net Cash Earned from (Used
       (Digunakan untuk) Aktivitas                                                                                                            for) Funding Activities
       Pendanaan

       Kenaikan (Penurunan) Kas                     (53.929)                    28.673              (82.602)           (288,08)      Increase (Decrease) in Net Cash
       Bersih dan Setara Kas                                                                                                                   and Cash Equivalents

       Kas dan Setara Kas Awal                      352.487                   323.814                 28.673               8,85       Cash and Cash Equivalents at
       Tahun                                                                                                                              the Beginning of the Year

       Kas dan Setara Kas Akhir                     298.559                   352.487               (53.929)            (15,30)          End of Year Cash and Cash
       Tahun                                                                                                                                            Equivalents




     Arus Kas Bersih Diperoleh dari Aktivitas Operasi                                      Net Cash Flow Earned from Operating Activities
     Arus kas bersih diperoleh dari aktivitas operasi Perseroan                            Net cash flow from the Company’s operating activities was
     menurun sebesar Rp42,59 miliar di tahun 2023 atau                                     decreased at Rp42.59 billion in 2023 or equivalent 245.94%,
     setara 245,94%, dibandingkan tahun sebelumnya                                         compared to the previous year which was recorded an
     yang tercatat meningkat sebesar Rp29,19 miliar. Hal                                   increase of Rp29.19 billion. This was caused by increased
     ini disebabkan oleh meningkatnya persediaan barang                                    the company’s inventory of goods amounted to IDR 51.8
     perseroan sebesar Rp51,8 miliar.                                                      billion.

     Arus Kas Bersih Digunakan untuk Aktivitas Investasi                                   Net Cash Flow Used for Investment Activities
     Arus kas bersih digunakan untuk aktivitas investasi                                   Net cash flow used for the Company’s investment activities
     Perseroan tercatat sebesar Rp5,83 miliar di tahun 2023.                               was recorded at Rp5.83 billion in 2023. The amount
     Jumlah tersebut menurun sebesar Rp28,68 miliar atau                                   decreases by Rp28.68 billion or equivalent 83.10%,
     setara 83,10%, dibandingkan tahun sebelumnya yang                                     compared to the previous year which was recorded at
     tercatat sebesar Rp34,52 miliar. Kondisi ini dipengaruhi                              Rp34.52 billion. This condition was influenced by the
     oleh pembelian aset tetap selama tahun 2023.                                          purchase of fixed assets during 2023.

     Arus Kas Bersih Digunakan untuk Aktivitas                                             Net Cash Flow Used for Funding Activities
     Pendanaan
     Arus kas bersih digunakan untuk aktivitas pendanaan                                   Net cash flow used for the Company’s funding activities
     Perseroan pada tahun 2023 tercatat sebesar Rp17,17                                    in 2023 was recorded at Rp17.17 billion, an decrease of
     miliar, menurun sebesar Rp17,86 miliar atau setara                                    Rp17.86 billion or equivalent 50.99%, compared to the
     50,99%, dibandingkan tahun sebelumnya yang tercatat                                   previous year which was recorded at Rp35.03 billion. This
     sebesar Rp35,03 miliar. Kondisi ini dipengaruhi oleh                                  condition is influenced by the absence of receipts and
     menurunnya pembayaran utang bank dan utang sewa                                       payments of bank debt.
     pembiayaan.




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     Analisis Dan Pembahasan Manajemen                                        Tata Kelola Perusahaan                                            Laporan Keberlanjutan
     Management Discussion And Analysis                                       Good Corporate Governance                                         Sustainability Report




Kemampuan Membayar Utang                                                                  Ability to Repay Debts

Perseroan berupaya untuk membayar kewajiban                                               The Company strives to pay obligations in a timely manner.
secara tepat waktu. Komitmen tersebut dapat dilihat                                       This commitment can be seen from the comparison of
dari perbandingan rasio-rasio keuangan, seperti rasio                                     financial ratios, such as liquidity ratios and solvency ratios.
likuiditas dan rasio solvabilitas.

                                                                                                                                                          (dalam %/in %)


                                              Uraian Description                                                               2023                        2022


  Rasio Likuiditas Liquidity Ratio

  Rasio Lancar Current Ratio                                                                                                   196,18                    210,77

  Rasio Cepat Quick Ratio                                                                                                      127,69                    153,58

  Rasio Kas Cash Ratio                                                                                                           63,14                     74,13

  Rasio Solvabilitas Solvency Ratio

  Rasio Total Liabilitas terhadap Total Ekuitas Ratio of Total Liabilities to Total Equity                                       44,76                     41,87

  Rasio Total Liabilitas terhadap Total Aset Ratio of Total Liabilities to Total Assets                                          30,92                     29,51



Rasio Likuiditas                                                                          Liquidity Ratio
Selama tahun 2023, Perseroan berupaya untuk                                               During 2023, the Company strives to pay short-term
membayarkan kewajiban jangka pendek dengan baik                                           obligations properly and on time. This is evidenced by the
dan tepat waktu. Hal tersebut dibuktikan dari rasio                                       Company’s current ratio of 196.18%, an decrease compared
lancar Perseroan sebesar 196,18% menurun dibanding                                        to 2022 of 210.77%. Likewise, the quick ratio and cash ratio
tahun 2022 sebesar 210,77%. Begitu juga dengan rasio                                      were recorded at 127.69% and 63.14% respectively.
cepat dan rasio kas yang masing-masing tercatat sebesar
127,69% dan 63,14%.

Rasio Solvabilitas                                                                        Solvency Ratio
Begitu juga dengan kewajiban jangka panjang,                                              Likewise with long-term liabilities, the Company is
Perseroan berkomitmen untuk menjaga rasio total                                           committed to maintaining the ratio of total liabilities to
liabilitas terhadap total ekuitas, serta rasio total liabilitas                           total equity, as well as the ratio of total liabilities to total
terhadap total aset dipenuhi dengan baik.                                                 assets is well met.

Di tahun 2023, rasio total liabilitas terhadap total ekuitas                              In 2023, the ratio of total liabilities to total equity is 44.76%,
sebesar 44,76%, meningkat dibandingkan tahun 2022                                         an increase compared to 2022 which was recorded at
yang tercatat sebesar 41,87%. Sementara, rasio total                                      41.87%. Meanwhile, the ratio of total liabilities to total
liabilitas terhadap total aset tercatat sebesar 30,92%,                                   assets was recorded at 30.92%, an increase compared to
meningkat dibandingkan tahun sebelumnya yang                                              the previous year which was recorded at 29.51%.
tercatat sebesar 29,51%.


Tingkat Kolektibilitas Piutang                                                            Collectibility Rate of Receivables


                                              Uraian Description                                                               2023                        2022


  Rasio Perputaran Piutang (kali) Receivables Turnover Ratio (times)                                                            59,65                      63,72

  Rata-Rata Periode Penagihan Piutang (hari) Average Period Receivables Collection (days)                                            6                       5,73




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           Performance Glimpses                                                   Management Reports                                               Company Profile




     Rasio Perputaran Piutang                                                                 Receivables Turnover Ratio
     Rasio perputaran piutang usaha mengalami penurunan                                       The trade receivable turnover ratio decreased from 63,72
     dari 63,72 kali menjadi 59,65 kali di tahun 2023.                                        times to 59,65 times in 2023.

     Rata-Rata Periode Penagihan Piutang                                                      Average Receivables Collection Period
     Rata-rata periode penagihan piutang di tahun 2023                                        The average receivables collection period in 2023 is
     tercatat sebesar 6 hari, hampir sama dibandingkan                                        recorded at 6 days, almost the same compared to the year
     tahun 2022 yang tercatat sebesar 5,7 hari.                                               2022 which was recorded at 5,7 days.


     Struktur Modal dan Kebijakan Atas Struktur                                               Capital Structure and Policy
     Modal
     Dalam rangka menjaga kebersinambungan usaha,                                             In order to maintain business continuity, the Company
     Perseroan menerapkan kebijakan atas struktur modal, agar                                 implements policies on capital structure, so that the
     permodalan perusahaan terjaga dengan baik dan sehat.                                     company’s capital is well maintained and healthy. The
     Pengelolaan struktur modal ini juga mempertimbangkan                                     management of this capital structure also considers the
     kemampuan keuangan perusahaan, serta kondisi ekonomi                                     company’s financial capabilities, as well as economic
     baik nasional ataupun global. Selain itu, guna memastikan                                conditions both nationally and globally. In addition, to
     permodalan Perseroan dalam kondisi yang sehat,                                           ensure that the Company’s capital is in a healthy condition,
     Manajemen Perseroan melakukan evaluasi kebijakan                                         the Company’s Management evaluates dividend policies,
     dividen, tindakan korporasi seperti penerbitan saham baru                                corporate actions such as the issuance of new shares or
     atau pembelian saham kembali, serta pendanaan pinjaman.                                  buybacks, and loan funding. The Company also monitors
     Perseroan juga memantau modal dengan menggunakan                                         capital by using gearing ratio analysis (debt to capital
     analisa gearing ratio (rasio utang terhadap modal), yakni                                ratio), which divides net debt into total capital.
     membagi utang bersih terhadap jumlah modal.

                                                                         (dalam jutaan Rupiah, kecuali dinyatakan lain/(in millions of Rupiah, unless otherwise stated)


                                                    Uraian Description                                                          2023                   2022


       Total Liabilitas Total Liabilities                                                                                       524.758                514.482

       Dikurangi: Kas dan Setara Kas Deducted: Cash and Cash Equivalents                                                        298.559                352.487

       Utang Bersih Net Debt                                                                                                    226.199                161.994

       Jumlah Ekuitas Equity Amount                                                                                            1.172.370             1.228.879

       Rasio Utang Bersih terhadap Modal (%) Net Debt to Capital Ratio                                                            19,29                  13,18



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

     Informasi terkait realisasi penggunaan dana hasil                                        Information related to the realization of the use of
     penawaran umum Perseroan berpedoman pada                                                 funds from the Company’s public offering is guided
     Peraturan Otoritas Jasa Keuangan No. 30/POJK.04/2015                                     by the Financial Services Authority Regulation No. 30/
     tentang Laporan Realisasi Penggunaan Dana Hasil                                          POJK.04/2015 concerning the Report on the Realization of
     Penawaran Umum, yang diungkapkan sebagai berikut.                                        the Use of Public Offering Proceeds, which is disclosed as
                                                                                              follows.

     Dana yang Diperoleh dari Penawaran Umum                                                  Funds Raised from Public Offering

                                                                         (dalam jutaan Rupiah, kecuali dinyatakan lain/(in millions of Rupiah, unless otherwise stated)

                                                                                                                                    Realisasi
                                                                                                               Rencana
                                                                                                                                  Penggunaan
                                                 Hasil                                                       Penggunaan
                                                                      Biaya              Hasil Realisasi                         Dana Menurut
         Jenis            Tanggal             Penawaran                                                     Dana Menurut
                                                                   Penawaran                Bersih                                 Prospektus         Sisa Dana
      Penawaran            Efektif              Umum                                                          Prospektus
                                                                     Umum                      Net                               Realization of       Remaining
        Type of           Effective             Public                                                        Plan of Use
                                                                  Public Offering         Realization                           the use of Funds        Funds
         Offer              Date               Offering                                                        of Funds
                                                                       Fees                 Results                             According to the
                                                Result                                                       According to
                                                                                                                                   Prospectus
                                                                                                            the Prospectus


       IPO Saham          3 Juli 2013       1.349.998.650.000    101.253.620.817         1.248.745.029.183 1.248.745.029.183     929.057.449.839    319.687.579.344




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     Analisis Dan Pembahasan Manajemen                                Tata Kelola Perusahaan                                       Laporan Keberlanjutan
     Management Discussion And Analysis                               Good Corporate Governance                                    Sustainability Report




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

                                                                  Penawaran Umum Public Offering

                                                                                                  Realisasi Penggunaan
              Uraian                             Rencana Penggunaan                                  Dana Menurut                             Persentase
            Description                        Dana Menurut Prospektus                                 Prospektus                             Percentage
                                                  Plan of Use of Funds                           Realization of the use of                        (%)
                                               According to the Prospectus                       Funds According to the
                                                                                                        Prospectus

 Pelunasan pinjaman                                   150.000.000.000                                 150.000.000.000                              100
 Loan Repayment

 Pengembangan toko                                    933.933.274.805                                 614.245.695.462                            65,77
 Store Development

 Modal kerja dan kebutuhan lainnya                    164.811.754.377                                 164.811.754.377                              100
 Working Capital and other needs




Kebijakan dan Pembagian Dividen                                              Dividend Policy and Distribution

Kebijakan Dividen                                                            Dividend Policy
Perseroan menetapkan kebijakan pembagian dividen                             The Company establishes dividend distribution policy in
sesuai keputusan Pemegang Saham dalam RUPS, serta                            accordance with the decision of the Shareholders in the GMS,
mengacu pada peraturan yang berlaku, yaitu Undang-                           and refers to the applicable regulations, which is Law No. 40
Undang No. 40 tahun 2007 tentang Perseroan Terbatas                          of 2007 concerning Limited Liability Companies and Articles
dan Anggaran Dasar. Selain itu, Pemegang Saham                               of Association. In addition, the Shareholders delegate
menyerahkan wewenang terkait prosedur pembagian                              authority related to dividend distribution procedures to the
dividen kepada Direksi Perseroan.                                            Company’s Board of Directors.

Pembagian Dividen                                                            Dividend Distribution
Perseroan membagikan dividen pada tanggal 3 Agustus                          The Company will distribute the dividend on August 3, 2023
2023 sesuai dengan keputusan RUPS Tahunan yang                               in accordance with the resolution of the Annual GMS held
diselenggarakan pada tanggal 27 Juni 2023. Informasi                         on June 27, 2023. Information related to the Company’s
terkait pembagian dividen Perseroan diungkapkan                              dividend distribution is disclosed as follows.
sebagai berikut.


                                          Tahun Buku 2023               Tahun Buku 2022       Tahun Buku 2021
            Uraian                                                                                                                 Description
                                           2023 Fiscal Year              2022 Fiscal Year      2021 Fiscal Year


 Laba Neto (Rp)                                    12.421.431.611                                                                          Net Income (Rp)

 Dividen yang Dibagikan (Rp)                        5.839.984.020                                                               Dividend Distributed (Rp)
                                                                        Tidak melakukan        Tidak melakukan
 Dividen per Saham Dasar                                         5         pembagian              pembagian                 Basic Dividend per Share (Full
 (Rupiah Penuh)                                                              dividen                dividen                                      Rupiah)
                                                                        Do not distribute      Do not distribute
 Dividend Payout Ratio (%)                                    47,01         dividends              dividends                   Dividend Payout Ratio (%)

 Tanggal Pengumuman                       12 Juli 2023 12 July 2023                                                                  Announcement Date

 Tanggal Pembayaran Dividen          3 Agustus 2023 3 August 2023                                                                 Dividend Payment Date




                                                                                PT Electronic City Indonesia Tbk - 2023 Annual Report and Sustainability Report   95
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           Kilas Kinerja                                                          Laporan Manajemen                                                Profil Perusahaan
           Performance Glimpses                                                   Management Reports                                               Company Profile




     Investasi Barang Modal                                                                Capital Goods Investment

     Investasi barang modal dilakukan untuk menunjang                                      Capital goods investment is carried out to support the
     aktivitas operasional Perseroan. Adapun investasi barang                              Company’s operational activities. The capital goods
     modal yang dilakukan oleh Perseroan diungkapkan                                       investment made by the Company is disclosed as follows.
     sebagai berikut.
                                                                         (dalam jutaan Rupiah, kecuali dinyatakan lain/(in millions of Rupiah, unless otherwise stated)


                                   Jenis Investasi                                           Tujuan
                                 Investments Type                                            Purpose                            2023                    2022


        Tanah Land                                                               Digunakan Sendiri Self-Use                            -                       -

        Bangunan dan prasarana Buildings & Infrastructure                        Digunakan Sendiri Self-Use                       139                     798

        Pendingin ruangan Air conditioner                                        Digunakan Sendiri Self-Use                       234                     174

        Perlengkapan kantor Office supplies                                      Digunakan Sendiri Self-Use                      1.375                    783

        Perabotan & peralatan Furniture & equipment                              Digunakan Sendiri Self-Use                         64                    115

        Instalasi Installation                                                   Digunakan Sendiri Self-Use                         55                      57

        Kendaraan Bermotor Motor Vehicle                                         Sewa Kendaraan Vehicle Rental                    358                     329

        Komputer Computer                                                        Digunakan Sendiri Self-Use                      1.594                   1.273

        Aset dalam pembangunan Assets in Development                             Digunakan Sendiri Self-Use                    25.271                  19.777

        Jumlah Total                                                                                                           29.091                  23.307




     Ikatan Material terkait Investasi Barang                                              Material Ties related to Capital Goods
     Modal                                                                                 Investment

     Sepanjang tahun 2023, Perseroan memiliki ikatan                                       Throughout 2023, the Company has material ties related to
     material terkait investasi barang modal sebagai berikut.                              capital goods investment as follows.
     a. Perseroan dan Entitas Anak menandatangani                                          a. The Company and its Subsidiaries signed several store
        beberapa perjanjian sewa toko dan gudang periode                                      and warehouse lease agreements The lease period is 5
        sewa 5 tahun dan sebagian besar perjanjian sewa                                       years and most of the lease agreements are extended
        tersebut diperpanjang kembali pada akhir masa sewa                                    again at the end of the lease period with adjustments
        dengan penyesuaian ke harga pasar kini. Penambahan                                    to the current market price. The addition of rights-to-
        aset hak-guna selama tahun-tahun yang berakhir 31                                     use assets during the years ended December 31, 2022
        Desember 2023 dan 2022 masing - masing sebesar                                        and 2021 amounted to Rp41.06 billion and Rp26.61
        Rp41,06 miliar dan Rp26,61 miliar. Laporan laba rugi                                  billion. The income statement and other consolidated
        dan penghasilan komprehensif lain konsolidasian                                       comprehensive income present the following balances
        menyajikan saldo berikut berkaitan dengan sewa.                                       relating to rents.

                                                                         (dalam jutaan Rupiah, kecuali dinyatakan lain/(in millions of Rupiah, unless otherwise stated)


                                                     Uraian Description                                                        2023                    2022


       Amortisasi Aset Hak-Guna: Bangunan Amortization of Rights: Buildings                                                     25.485                  25.765

       Beban Bunga Atas Liabilitas Sewa Interest Expense on Rental Liabilities                                                    1.162                  2.896

       Beban Berkaitan dengan Sewa Jangka Pendek Expenses Related ti Short-Term Rentals                                         98.538                  90.425



     b. Perseroan menandatangani perjanjian sewa tanah di                                   b. The Company signed a land lease agreement in the
        kawasan SCBD dengan PT Panduneka Sejahtera, pihak                                      SCBD area with PT Panduneka Sejahtera, a third party,
        ketiga, untuk jangka waktu 1 Januari 2019 sampai                                       for a period of January 1st 2019 to March 31st 2020.
        dengan 31 Maret 2020. Perjanjian ini telah diubah                                      This agreement has been amended with the latest
        dengan perubahan terakhir terkait perpanjangan                                         amendment regarding the extension of the period
        jangka waktu sampai dengan 31 Maret 2028.                                              until March 31st 2028. Until the completion of the
        Sampai dengan penyelesaian Laporan Keuangan                                            consolidated Financial Statements, this agreement is still
        konsolidasian, perjanjian ini masih dalam proses                                       in the process of being extended.
        perpanjangan.




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c. Perseroan menandatangani perjanjian pengelolaan                    c. The Company signed an area management agreement
   kawasan di kawasan SCBD dengan PT Danayasa                            in the SCBD area with PT Danayasa Arthatama a related
   Arthatama pihak berelasi, untuk jangka waktu dari 1                   party, for a period from January 1st 2020 to December
   Januari 2020 sampai dengan 31 Desember 2020 dan                       31st 2020 and has been extended until December 31st
   telah diperpanjang sampai dengan 31 Desember                          2024.
   2024.


Informasi Material terkait Investasi,                                 Material Information related to Investment,
Ekspansi,   Divestasi,    Penggabungan/                               Expansion,      Divestment,         Merger/
Peleburan Usaha, Akuisisi, Restrukturisasi                            Amalgamation, Acquisition, Debt/Capital
Utang/Modal                                                           Restructuring
Tidak terdapat informasi terkait investasi, ekspansi,                 There is no information related to investment, expansion,
divestasi, penggabungan/peleburan usaha, akuisisi,                    divestiture, merger/amalgamation, acquisition, or debt/
atau restrukturisasi utang/modal selama tahun 2023.                   capital restructuring during 2023.


Transaksi Material yang Mengandung                                    Material Transactions Containing Conflicts
Benturan Kepentingan                                                  of Interest
Pada tahun 2023, Perseroan tidak memiliki transaksi                   In 2023, the Company did not have any material
material yang mengandung benturan kepentingan.                        transactions containing conflicts of interest.


Transaksi dengan Pihak Afiliasi dan Berelasi                          Transactions with Affiliated and Related
                                                                      Parties
Guna menopang kebutuhan operasional, Perseroan                        In order to support operational needs, the Company
melakukan hubungan afiliasi dan menjalin relasi dengan                conducts affiliate relationships and establishes
berbagai pihak sebagai berikut.                                       relationships with various parties as follows.

Perseroan dan Entitas Anak menjalin hubungan afiliasi                 The Company and its Subsidiaries establish affiliations
dan relasi dengan PT Danapati Abinaya Investama,                      and relationships with PT Danapati Abinaya Investama,
PT Danayasa Arthatama, PT Graha Karunia Trading, dan                  PT Danayasa Arthatama, PT Graha Karunia Trading, and
PT Bank Artha Graha Internasional, Tbk. dengan sifat dan              PT Bank Artha Graha Internasional, Tbk. with the nature
jenis transaksi yang dilakukan sebagai berikut.                       and types of transactions carried out as follows.

                                                    (dalam jutaan Rupiah, kecuali dinyatakan lain/(in millions of Rupiah, unless otherwise stated)

         Pihak-pihak Berelasi                                  Sifat Hubungan                                                   Transaksi
            Related Parties                                 Relationship Condition                                            Transactions

  PT Danapati Abinaya Investama           Pemegang Saham dan pengurus Shareholders and management                   Pembelian persediaan
                                                                                                                    tertentu.
  PT Danayasa Arthatama                   Pemegang Saham dan pengurus Shareholders and management                   Purchase of certain supplies.

  PT Graha Karunia Trading                Pemegang Saham dan pengurus Shareholders and management

  PT Bank Artha Graha Internasional Tbk   Pemegang Saham dan pengurus Shareholders and management



Rincian saldo dan transaksi dengan pihak-pihak berelasi               Details of balances and transactions with related parties
tersebut telah diungkapkan pada Laporan Keuangan No.                  have been disclosed in Financial Report No. 36 concerning
36 tentang Sifat dan Transaksi Hubungan Berelasi.                     the Nature and Transactions of Related Relationships.




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     Kewajaran Transaksi                                                                 Fairness of Transactions
     Perseroan memastikan setiap kegiatan transaksi yang                                 The Company ensures that every transaction activity
     dilakukan wajar secara material, yang dipastikan melalui                            carried out is materially reasonable, which is ensured
     peninjauan Dewan Komisaris dan Komite Audit. Seluruh                                through the review of the Board of Commissioners and
     transaksi yang berkaitan dengan pihak berelasi ditelaah                             Audit Committee. All transactions related to related parties
     dan dilaporkan kepada Dewan Komisaris melalui rapat                                 are reviewed and reported to the Board of Commissioners
     gabungan untuk memastikan transaksi tersebut telah                                  through a joint meeting to ensure that the transactions
     memenuhi peraturan perundang-undangan yang                                          comply with applicable laws and regulations. If there is a
     berlaku. Apabila terjadi transaksi dengan pihak berelasi                            transaction with a related party that contains a conflict of
     yang mengandung benturan kepentingan, Perseroan                                     interest, the Company will report it to the Financial Services
     akan melaporkannya kepada Otoritas Jasa Keuangan.                                   Authority.

     Pemenuhan Peraturan dan Ketentuan Terkait                                           Fulfillment of Related Rules and Regulations
     Perseroan telah memenuhi peraturan dan ketentuan                                    The Company has complied with related rules and
     terkait, yaitu:                                                                     regulations, such as:
     a. Peraturan Otoritas Jasa Keuangan No. 17/                                         a. Financial Services Authority Regulation No. 17/
        POJK.04/2020 tanggal 20 April 2020 tentang Transaksi                                POJK.04/2020 on April 20th 2020 concerning Material
        Material dan Perubahan Kegiatan Usaha; serta                                        Transactions and Changes in Business Activities; and
     b. Peraturan Otoritas Jasa Keuangan Republik Indonesia                              b. Regulation of the Financial Services Authority of the
        No. 42/POJK/04/2020 tanggal 1 Juli 2020 tentang                                     Republic of Indonesia No. 42/POJK/04/2020 on July 1st
        Transaksi Afiliasi dan Transaksi Benturan Kepentingan.                              2020 concerning Affiliated Transactions and Conflict of
                                                                                            Interest Transactions.

     Perbandingan Target dan Realisasi 2023,                                             Comparison of Targets and Realizations in
     serta Proyeksi 2024                                                                 2023, and 2024 Projections

     Di tahun 2023, Perseroan mencatatakan kinerja keuangan                              In 2023, the Company recorded a satisfactory financial
     yang cukup memuaskan dengan adanya peningkatan                                      performance with an increase in net income, gross profit,
     pada pendapatan bersih, laba kotor, serta laba rugi                                 and net profit and loss for the current year. The achievement
     bersih tahun berjalan. Pencapaian tersebut juga hampir                              also almost met the target set by Management. The
     memenuhi target yang ditetapkan oleh Manajemen.                                     Company has also made financial performance projections
     Perseroan juga telah membuat proyeksi kinerja keuangan                              in 2024 which are considered with global and national
     di tahun 2024 yang dipertimbangkan dengan kondisi                                   economic conditions, the company’s internal capabilities,
     ekonomi global dan nasional, kemampuan internal                                     and industrial performance. In addition, the Company
     perusahaan, serta kinerja industri. Selain itu, Perseroan                           continues to maximize performance in each store by
     terus memaksimalkan kinerja di masing-masing toko                                   improving innovative marketing strategies, improving
     dengan meningkatkan strategi pemasaran yang inovatif,                               service quality, and maintaining good relationships with
     meningkatkan kualitas layanan, serta menjaga hubungan                               customers.
     baik dengan para pelanggan.

     Distribusi Nilai Ekonomi kepada Pemangku                                            Distribution of             Economic          Value         to
     Kepentingan                                                                         Stakeholders

     Pendistribusian nilai ekonomi Perseroan ditujukan                                   The distribution of the Company’s economic value is
     untuk membagikan keuntungan secara merata kepada                                    aimed at distributing profits evenly to each stakeholder
     masing-masing pemangku kepentingan sebagai                                          as a commitment to support welfare, as well as maintain
     komitmen mendukung kesejahteraan, serta menjaga                                     the sustainability of the Company’s business. Information
     keberlanjutan usaha Perseroan. Informasi terkait                                    related to the distribution of economic value in the last 3
     pendistribusian nilai ekonomi dalam 3 tahun terakhir                                years is disclosed as follows.
     diungkapkan sebagai berikut.




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                                                       (dalam jutaan Rupiah, kecuali dinyatakan lain/(in millions of Rupiah, unless otherwise stated)



              Uraian                       2023                     2022                          2021                           Description



 Nilai Ekonomi yang Dihasilkan                                                                                           Generated Economic Value

 Penerimaan dari pelanggan                2.527.694                 2.161.969                    1.795.893                 Acceptance from customers

 Penerimaan pendapatan bunga                 10.275                     6.435                       14.070                   Receipt of interest income

 Penerimaan pengembalian                      8.642                     7.617                        8.304                           Tax refund receipts
 pajak

 Pencairan aset yang                               -                   50.000                              -            Disbursement of collateralized
 dijaminkan                                                                                                                                     assets

 Pencairan investasi                               -                         -                      35.000              Disbursement of mudharabah
 mudharabah                                                                                                                              investment

 Hasil penjualan aset tetap                     102                         25                           60                          Sale of fixed assets

 Perolehan aset tetap                      (29.091)                  (23.307)                     (28.076)                   Acquisition of fixed assets

 Penerimaan dari:                                                                                                                       Reception from:

 Pinjaman bank jangka pendek                       -                   16.500                       23.250                       Short-term bank loans

 Pencairan aset yang                               -                         -                             -           Disbursement of pledged assets
 dijaminkan

 Kepentingan non pengendali                        -                         -                             -                  Non-controlling interests

 Jumlah                                  2.517.622                 2.219.239                   1.848.500                                            Total

 Nilai Ekonomi yang                                                                                                             Distributed Economic
 Didistribusikan                                                                                                                               Value

 Pembayaran kepada pemasok               (2.157.016)              (1.825.737)                  (1.521.778)                        Payment to suppliers

 Pembayaran kepada karyawan               (420.672)                 (312.083)                    (271.579)                Payments to employees and
 dan lainnya                                                                                                                                 others

 Pembayaran pajak final                    (10.356)                    (6.216)                    (10.898)                            Final tax payment

 Pembayaran untuk:                                                                                                                         Payment for:

 Penjualan saham treasuri                    21.035                          -                             -                     Sale of treasury shares

 Bunga                                             -                   (2.799)                        (168)                                      Interest

 Utang sewa pembiayaan                     (32.364)                  (11.781)                       (7.713)                       Lease Financing Debt

 Utang Bank                                        -                 (39.750)                              -                                  Bank Debt

 Jumlah                              (2.599.372)                 (2.195.567)                  (1.812.135)                                           Total

 Nilai Ekonomi yang Ditahan                (81.750)                   20.873                       36.365                Restrained Economic Value




Prospek Usaha Tahun 2024                                                   Business Prospects in 2024

Pada tahun 2024, pertumbuhan ekonomi diprakirakan                          In 2024, economic growth is predicted to accelerate in
meningkat dalam kisaran 4,7%-5,5% didukung oleh                            the range of 4.7%-5.5%, supported by domestic demand,
permintaan domestik, pertumbuhan konsumsi,                                 consumption growth, the positive impact of the elections
adanya dampak positif penyelenggaraan pemilu, serta                        and increasing investment. The government is also
peningkatan investasi. Pemerintah juga berupaya                            working to ensure inflation is within the range of 2.5±1%.
untuk memastikan inflasi dalam kisaran 2,5±1%.                             Not only that, a series of policy stimulus are also sought
Tidak hanya itu, serangkaian stimulus kebijakan                            by the government to strengthen economic growth going
juga diupayakan pemerintah untuk memperkuat                                forward, especially in maintaining domestic demand.
pertumbuhan ekonomi ke depannya, terutama dalam
menjaga permintaan domestik.




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      Perseroan meyakini dapat mempertahankan kinerja                                      The Company believes that it can maintain the current
      positif yang telah ada saat ini, serta memaksimalkan                                 positive performance, as well as maximize even better
      kinerja yang lebih baik lagi di tahun-tahun berikutnya                               performance in the following years through cooperation
      melalui kerja sama dengan pihak ketiga atau ekspansi                                 with third parties or promising business expansion. In
      bisnis yang menjanjikan. Selain itu, Perseroan bersikap                              addition, the Company is objective in innovating and
      objektif dalam melakukan inovasi dan pengembangan                                    developing its business with a focus on sustainable and
      usaha dengan fokus pada bisnis yang berkelanjutan                                    environmentally friendly business, so that the Company
      dan ramah lingkungan, sehingga Perseroan dapat                                       can find attractive business opportunities and better meet
      menemukan peluang bisnis yang menarik dan                                            the needs of customers.
      memenuhi kebutuhan para pelanggan dengan lebih
      baik.

      Sumber:                                                                              Source:
      Laporan Kebijakan Moneter Triwulan IV yang dipublikasikan oleh Bank                  Fourth Quarter Monetary Policy Report published by Indonesian Bank.
      Indonesia.



      Perubahan Kebijakan Akuntansi                                                        Changes in Accounting Policies

      Pada tahun 2023, Dewan Standar Akuntansi Keuangan –                                  In 2023, the Financial Accounting Standards Board –
      Ikatan Akuntan Indonesia (DSAK-IAI) telah menerbitkan                                Indonesian Accountants Association (DSAK-IAI) has issued
      amandemen dan intrepretasi yang berlaku efektif 1                                    amendments and interpretations which are effective
      Januari 2023 sebagai berikut.                                                        January 1 2023 as follows.
      • Amandemen PSAK No. 1, “Penyajian Laporan                                           • Amendment to PSAK No. 1, “Presentation of Financial
        Keuangan” tentang Pengungkapan Kebijakan                                             Statements” regarding Disclosure of Accounting Policies
        Akuntansi yang Mengubah Istilah “Signifikan” menjadi                                 that Change the Term “Significant” to “Material” and
        “Material” dan Memberi Penjelasan mengenai                                           Provide Explanations of Material Accounting Policies.
        Kebijakan Akuntansi Material.
      • Amendemen PSAK 16 “Aset Tetap tentang hasil                                        • Amendments of PSAK 16 “Fixed Assets Regarding
        sebelum penggunaan yang diintensikan.”                                               Proceeds Before Intended Use.”
      • PSAK 25 “Kebijakan Akuntansi, Perubahan Estimasi                                   • PSAK 25 “Accounting Policies, Changes in Accounting
        Akuntansi, dan Kesalahan.”                                                           Estimates and Errors.”
      • Amendemen PSAK 46 “Pajak Tangguhan terkait Aset                                    • Amendments of PSAK 46 “Deferred Tax on Assets and
        dan Liabilitas yang Timbul dari Transaksi Tunggal.”                                  Liabilities arising from a Single Transaction.”

      Seluruh kebijakan akuntansi yang diterapkan tidak                                    All accounting policies implemented will not have a
      berdampak signifikan terhadap pelaporan keuangan                                     significant impact on the Company’s financial reporting in
      Perseroan di tahun 2023                                                              2023.


      Perubahan      Peraturan Perundang-                                                  Changes in Laws and Regulations that Have
      Undangan yang Berdampak Signifikan                                                   a Significant Impact on the Company
      terhadap Perusahaan

      Pada tahun 2023, tidak terdapat perubahan peraturan                                  In 2023, there will be no changes in laws and regulations
      perundang-undangan yang berdampak substansial                                        that have a substantial impact on operational or financial
      terhadap aspek operasional ataupun aspek keuangan.                                   aspects.


      Informasi dan Fakta Material yang Terjadi                                            Material Information and Facts That Occur
      Setelah Tanggal Laporan Akuntan                                                      After the Date of the Accountant’s Report

      Tidak terdapat informasi dan fakta material yang terjadi                             There is no material information and facts that occur after
      setelah tanggal laporan akuntan Perseroan untuk tahun                                the date of the Company’s accountant’s report for the
      buku 2023.                                                                           financial year 2023.




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TATA KELOLA
PERUSAHAAN
GOOD CORPORATE
GOVERNANCE
Page 104

          
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      TATA KELOLA PERUSAHAAN
      GOOD CORPORATE GOVERNANCE

      Komitmen Penerapan GCG                                                               Commitment to GCG Implementation

      Dalam aktivitas operasionalnya, Perseroan berupaya untuk                             In its operational activities, the Company strives to
      menerapkan tata kelola perusahaan yang baik (good                                    implement good corporate governance (GCG) as
      corporate governance/GCG) sebagai acuan, rujukan, dan                                a reference and work guideline in creating good,
      pedoman kerja dalam menciptakan tata kerja yang baik,                                professional, and integrity work procedures in accordance
      profesional, dan berintegritas sesuai dengan perundang-                              with applicable laws. This commitment is then internalized
      undangan yang berlaku. Komitmen tersebut kemudian                                    in GCG principles, which have undergone updates from the
      diinternalisasikan dalam prinsip-prinsip GCG, yang telah                             National Committee for Government Policy, as outlined
      mengalami pembaruan dari Komite Nasional Kebijakan                                   in the Indonesian General Guidelines for Corporate
      Governansi, yang dituangkan dalam   Pedoman Umum                                     Government (IGGCG) as follows.
      Governasi Korporat Indonesia (PUGKI) sebagai berikut.

      1. Perilaku Beretika                                                                 1. Ethical Behavior
         Perseroan senantiasa mengedepankan kejujuran,                                        The Company always prioritizes honesty, treats all
         memperlakukan semua pihak dengan hormat                                              parties with respect, fulfills commitments, builds
         (respect), memenuhi komitmen, membangun                                              and maintains moral values and beliefs consistently.
         serta menjaga nilai-nilai moral dan kepercayaan                                      The Company also pays attention to the interests of
         secara konsisten. Perseroan juga memperhatikan                                       Shareholders and other stakeholders based on the
         kepentingan Pemegang Saham dan pemangku                                              principles of fairness and is managed independently
         kepentingan lainnya berdasarkan asas kewajaran dan                                   so that each organ of the Company does not dominate
         kesetaraan (fairness) dan dikelola secara independen                                 each other and cannot be intervened by other parties.
         sehingga masing-masing organ Perseroan tidak
         saling mendominasi dan tidak dapat diintervensi
         oleh pihak lainnya.

      2. Akuntanbilitas                                                                    2. Accounting
         Perseroan     dapat     mempertanggungjawabkan                                       The Company can account for its performance
         kinerjanya secara transparan dan wajar. Untuk itu,                                   transparently and fairly. For this reason, the Company
         Perseroan harus dikelola dengan benar, terukur,                                      must be managed correctly, measurably, and in
         dan sesuai dengan kepentingan korporat dengan                                        accordance with corporate interests while considering
         tetap mempertimbangkan kepentingan Pemegang                                          the interests of Shareholders and stakeholders.
         Saham dan pemangku kepentingan. Akuntabilitas                                        Accountability is a necessary prerequisite for achieving
         merupakan prasyarat yang diperlukan untuk                                            sustainable performance.
         mencapai kinerja yang berkelanjutan.

      3. Transparansi                                                                      3. Transparency
         Untuk menjaga obyektivitas dalam menjalankan                                         To maintain objectivity in conducting business, the
         bisnis, Perseroan menyediakan informasi yang                                         Company provides material and relevant information
         material dan relevan dengan cara yang mudah                                          in a way that is easily accessible and understood by
         diakses dan dipahami oleh pemangku kepentingan.                                      stakeholders. The Company takes the initiative to
         Perseroan mengambil inisiatif untuk mengungkapkan                                    disclose not only issues hinted by laws and regulations,
         tidak hanya masalah yang diisyaratkan oleh peraturan                                 but also matters that are important for decision making
         perundang-undangan, tetapi juga hal yang penting                                     by Shareholders, creditors, and other stakeholders.
         untuk pengambilan keputusan oleh Pemegang
         Saham, kreditur, dan pemangku kepentingan lainnya.

      4. Keberlanjutan                                                                     4. Sustainability
         Perseroan    mematuhi     peraturan   perundang-                                     The Company complies with laws and regulations and
         undangan dan berkomitmen melaksanakan                                                is committed to carrying out its responsibility towards
         tanggung jawab terhadap masyarakat dan                                               society and the environment, in order to contribute to
         lingkungan, agar berkontribusi pada pembangunan                                      sustainable development through cooperation with
         berkelanjutan melalui kerja sama dengan semua                                        all relevant stakeholders to improve lives in line with
         pemangku kepentingan terkait untuk meningkatkan                                      business interests and the sustainable development
         kehidupan yang selaras dengan kepentingan bisnis                                     agenda.
         dan agenda pembangunan berkelanjutan.




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Penerapan Pedoman GCG                                                               Implementation of GCG Guidelines

Perseroan menerapkan pedoman tata kelola perusahaan                                 The Company implements corporate governance
merujuk pada Surat Edaran Otoritas Jasa Keuangan                                    guidelines referring to the Financial Services Authority
No. 32/SEOJK.04/2015 tentang Pedoman Tata Kelola                                    Circular Letter No. 32/SEOJK.04/2015 concerning Public
Perusahaan Terbuka, yang diuraikan sebagai berikut.                                 Company Governance Guidelines, which are outlined as
                                                                                    follows.


                         Aspek/Prinsip/Rekomendasi                                                                             Uraian
 No.                  Aspects/Principles/Recommendations                               Status
                                                                                                                             Description

 I.       Hubungan Perusahaan Terbuka dengan Pemegang Saham dalam Menjamin Hak-Hak Pemegang Saham
          Public Company’s Relationship with Shareholders in Guaranteeing Shareholders’ Rights

          Meningkatkan Nilai Penyelenggaraan Rapat Umum Pemegang Saham (RUPS).
 1.
          Increase the value of the General Meeting of Shareholders (GMS).

          a.   Perusahaan Terbuka memiliki cara atau prosedur teknis                   Terpenuhi      Mekanisme pengambilan keputusan diambil secara
               pengumpulan suara (voting), baik secara terbuka maupun                                 musyawarah untuk mufakat dan pemungutan suara
               tertutup yang mengedepankan independensi dan kepentingan                               dengan menyerahkan kartu suara atau dilakukan
               Pemegang Saham.                                                                        secara online melalui aplikasi KSEI e-voting.
               Public Companies have technical methods or procedures for voting,        Fulfilled     The decision-making mechanism is taken by
               both openly and privately, that prioritize the independence and                        deliberation for consensus and voting by submitting
               interests of Shareholders.                                                             a ballot card or conducted online through the KSEI
                                                                                                      e-voting application.
          b.   Seluruh anggota Direksi dan anggota Dewan Komisaris                     Terpenuhi      RUPS Tahunan 2022 yang dilaksanakan pada tanggal
               perusahaan terbuka hadir dalam RUPS Tahunan.                                           27 Juni 2023 telah dihadiri oleh seluruh anggota
                                                                                                      Dewan Komisaris dan anggota Direksi.
               All members of the Board of Directors and members of the Board           Fulfilled     The 2022 Annual GMS, which was held on June 27th
               of Commissioners of public companies were present at the Annual                        2023, was attended by all members of the Board of
               GMS.                                                                                   Commissioners and members of the Board of Directors.

          c.   Ringkasan risalah RUPS tersedia dalam situs web Perusahaan              Terpenuhi      Ringkasan risalah RUPS dapat diakses melalui situs
               Terbuka paling sedikit selama 1 tahun.                                                 web Perseroan pada page Home > Berita Terbaru dan
               A summary of the minutes of the GMS is available on the website of       Fulfilled     situs web Bursa Efek Indonesia.
               the Public Company for at least 1 year.                                                The summary of the minutes of the GMS can be accessed
                                                                                                      through the Company’s website on the Home > Latest
                                                                                                      News page and the Indonesia Stock Exchange website.


 2.       Meningkatkan Kualitas Komunikasi Perusahaan Terbuka dengan Pemegang Saham atau Investor.
          Improving the Quality of Communication of Public Companies with Shareholders or Investors.

          a.   Perusahaan Terbuka memiliki suatu kebijakan komunikasi                  Terpenuhi       Perseroan telah memiliki kebijakan komunikasi
               dengan Pemegang Saham atau investor.                                                    dengan Pemegang Saham atau investor, baik melalui
                                                                                                       RUPS, Paparan Publik, dan situs web Perseroan.
               The Public Company has a communication policy with Shareholders          Fulfilled      The Company has a communication policy with
               or investors.                                                                           Shareholders or investors, either through the GMS,
                                                                                                       Public Expose, and the Company’s website.
          b.   Perusahaan Terbuka mengungkapkan kebijakan komunikasi                   Terpenuhi       Perseroan telah memiliki kebijakan tertulis
               perusahaan terbuka dengan Pemegang Saham atau investor                                  mengenai komunikasi dengan Pemegang Saham
               dalam situs web.                                                                        atau investor, yaitu melalui situs web Perseroan yang
                                                                                                       mengungkapkan informasi terkait alamat, nomor
                                                                                                       telepon, dan email yang dapat dihubungi oleh
                                                                                                       Pemegang Saham atau investor.
               The Public Company discloses the communication policy of the             Fulfilled      The Company has a written policy regarding
               public company with Shareholders or investors on the website.                           communication with Shareholders or investors, namely
                                                                                                       through the Company’s website which discloses
                                                                                                       information related to addresses, telephone numbers,
                                                                                                       and emails that can be contacted by Shareholders or
                                                                                                       investors.




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              Kilas Kinerja                                                        Laporan Manajemen                                              Profil Perusahaan
              Performance Glimpses                                                 Management Reports                                             Company Profile




                                Aspek/Prinsip/Rekomendasi                                                                        Uraian
       No.                                                                                      Status
                             Aspects/Principles/Recommendations                                                                Description


        II.      Fungsi dan Peran Dewan Komisaris
                 Functions and Roles of the Board of Commissioners

                 Memperkuat Keanggotaan dan Komposisi Dewan Komisaris.
        3.
                 Strengthening the Membership and Composition of the Board of Commissioners.

                 a.   Penentuan   jumlah     anggota       Dewan                   Komisaris   Terpenuhi    Penentuan jumlah anggota Dewan Komisaris
                      mempertimbangkan kondisi Perusahaan Terbuka.                                          sesuai dengan Anggaran Dasar Perseroan dan telah
                                                                                                            dipertimbangkan sesuai kondisi Perseroan.
                      Determination of the number of members of the Board of                    Fulfilled   The determination of the number of members of
                      Commissioners considers the condition of the Public Company.                          the Board of Commissioners is in accordance with
                                                                                                            the Company’s Articles of Association and has been
                                                                                                            considered according to the Company’s conditions.
                 b.   Penentuan komposisi anggota Dewan Komisaris memperhatikan                Terpenuhi    Penentuan komposisi anggota Dewan Komisaris
                      keberagaman keahlian, pengetahuan, dan pengalaman yang                                sesuai dengan kriteria yang telah ditetapkan dalam
                      dibutuhkan.                                                                           Anggaran Dasar Perseroan.
                      Determining the composition of members of the Board of                    Fulfilled   Determination of the composition of members of the
                      Commissioners pays attention to the diversity of expertise,                           Board of Commissioners in accordance with the criteria
                      knowledge, and experience needed.                                                     set forth in the Company’s Articles of Association.


        4.       Meningkatkan Kualitas Pelaksanaan Tugas dan Tanggung Jawab Dewan Komisaris.
                 Improving the Quality of Implementation of Duties and Responsibilities of the Board of Commissioners

                 a.   Dewan Komisaris mempunyai kebijakan penilaian sendiri (self-             Terpenuhi    Dewan Komisaris sudah mempunyai kebijakan
                      assessment) untuk menilai kinerja Dewan Komisaris.                                    penilaian sendiri (self-assessment) untuk menilai
                                                                                                            kinerja Dewan Komisaris dan dievaluasi setiap akhir
                                                                                                            tahun.
                      The Board of Commissioners has a self-assessment policy to assess         Fulfilled   The Board of Commissioners already has its own self-
                      the performance of the Board of Commissioners.                                        assessment policy to assess the performance of the
                                                                                                            Board of Commissioners and is evaluated at the end of
                                                                                                            each year.
                 b.   Kebijakan penilaian sendiri (self-assessment) untuk menilai              Terpenuhi    Dewan Komisaris sudah memiliki kebijakan penilaian
                      kinerja Dewan Komisaris, diungkapkan melalui Laporan                                  sendiri (self-assessment) untuk menilai kinerja Dewan
                      Tahunan perusahaan terbuka.                                                           Komisaris dan telah diungkapkan dalam Laporan
                                                                                                            Tahunan Perusahaan Terbuka.
                      The self-assessment policy to assess the performance of the Board         Fulfilled   The Board of Commissioners already has a self-
                      of Commissioners is disclosed through the Annual Report of a                          assessment policy to assess the performance of the
                      public company.                                                                       Board of Commissioners and has been disclosed in the
                                                                                                            Annual Report of the Public Company.
                 c.   Dewan Komisaris mempunyai kebijakan terkait pengunduran                  Terpenuhi    Perseroan sudah memiliki kebijakan terkait
                      diri anggota Dewan Komisaris apabila terlibat dalam kejahatan                         pengunduran diri anggota Dewan Komisaris apabila
                      keuangan.                                                                             terlibat dalam kejahatan keuangan yang dituangkan
                                                                                                            dalam Anggaran Dasar Perseroan.
                      The Board of Commissioners has a policy regarding the resignation         Fulfilled   The Company already has a policy regarding the
                      of members of the Board of Commissioners if they are involved in                      resignation of members of the Board of Commissioners
                      financial crimes.                                                                     if they are involved in crimesas stated in the Company’s
                                                                                                            Articles of Association.
                 d.   Dewan Komisaris atau komite yang menjalankan fungsi                      Terpenuhi    Perseroan telah membentuk Komite Audit,
                      Nominasi dan Remunerasi menyusun kebijakan suksesi dalam                              namun belum membentuk Komite Nominasi dan
                      proses nominasi anggota Direksi.                                                      Remunerasi. Akan tetapi, Perseroan menjalankan
                                                                                                            Fungsi Nominasi dan Remunerasi yang dilaksanakan
                                                                                                            oleh Dewan Komisaris.
                      The Board of Commissioners or the committee that carries out the          Fulfilled   The Company has established an Audit Committee, but
                      functions of Nomination and Remuneration formulates succession                        has not established a Nomination and Remuneration
                      policies in the nomination process of members of the Board of                         Committee. However, the Company carries out the
                      Directors.                                                                            Nomination and Remuneration Function carried out by
                                                                                                            the Board of Commissioners.




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       Analisis Dan Pembahasan Manajemen                                 Tata Kelola Perusahaan                                         Laporan Keberlanjutan
       Management Discussion And Analysis                                Good Corporate Governance                                      Sustainability Report




                         Aspek/Prinsip/Rekomendasi                                    Status                                 Uraian
No.                   Aspects/Principles/Recommendations                                                                   Description


III.      Fungsi dan Peran Direksi
          Board of Directors Function and Roles

          Memperkuat Keanggotaan dan Komposisi Direksi.
5.
          Strengthening the Membership and Composition of the Board of Directors.

          a.   Penentuan jumlah anggota Direksi mempertimbangkan kondisi             Terpenuhi      Penentuan jumlah anggota Direksi sesuai
               perusahaan terbuka, serta efektivitas dalam pengambilan                              dengan Anggaran Dasar Perseroan dan telah
               keputusan.                                                                           dipertimbangkan sesuai kondisi Perseroan.
               Determination of the number of members of the Board of Directors       Fulfilled     The determination of the number of members of the
               takes into account the condition of the public company, as well as                   Board of Directors is in accordance with the Company’s
               effectiveness in decision making.                                                    Articles of Association and has been considered
                                                                                                    according to the conditions of the Company.
          b.   Penentuan komposisi anggota Direksi memperhatikan,                    Terpenuhi      Penentuan komposisi anggota Direksi sesuai dengan
               keberagaman keahlian, pengetahuan, dan pengalaman yang                               kriteria yang telah ditetapkan dalam Anggaran Dasar
               dibutuhkan.                                                                          Perseroan.
               Determining the composition of members of the Board of Directors       Fulfilled     Determination of the composition of members of the
               pays attention to, the diversity of expertise, knowledge, and                        Board of Directors in accordance with the criteria set
               experience needed.                                                                   forth in the Company’s Articles of Association.
          c.   Anggota Direksi yang membawahi bidang akuntansi atau                  Terpenuhi      Dedy Djafarli selaku Direktur Keuangan dan Teknologi
               keuangan memiliki keahlian dan/atau pengetahuan di bidang                            Informasi memiliki keahlian dan/atau pengetahuan
               akuntansi.                                                                           di bidang akuntansi.
               Members of the Board of Directors who are in charge of accounting      Fulfilled     Dedy Djafarli as Director of Finance and Information
               or finance have expertise and/or knowledge in the field of                           Technology has expertise and / or knowledge in the field
               accounting.                                                                          of accounting.

6.        Meningkatkan Kualitas Pelaksanaan Tugas dan Tanggung Jawab Direksi.
          Improving the Quality of Implementation of Duties and Responsibilities of the Board of Directors

          a.   Direksi mempunyai kebijakan penilaian sendiri (self-assessment)       Terpenuhi       Direksi sudah mempunyai kebijakan penilaian
               untuk menilai kinerja Direksi.                                                        sendiri (self-assessment) untuk menilai kinerja Direksi.
                                                                                      Fulfilled      The Board of Directors already has a self-assessment
               The Board of Directors has a self-assessment policy to assess the                     policy to assess the performance of the Board of
               performance of the Board of Directors.                                                Directors.
          b.   Kebijakan penilaian sendiri (self-assessment) untuk menilai           Terpenuhi       Direksi sudah mempunyai kebijakan penilaian
               kinerja Direksi diungkapkan melalui Laporan Tahunan                                   sendiri (self-assessment) untuk menilai kinerja Direksi
               Perusahaan Terbuka.                                                                   dan telah diungkapkan melalui Laporan Tahunan
                                                                                                     Perusahaan Terbuka.
               The self-assessment policy to assess the performance of the Board      Fulfilled      The Board of Directors already has a self-assessment
               of Directors is disclosed through the Annual Report of the Public                     policy to assess the performance of the Board of
               Company.                                                                              Directors and has been disclosed through the Annual
                                                                                                     Report of the Public Company.
          c.   Direksi mempunyai kebijakan terkait pengunduran diri anggota          Terpenuhi       Perseroan memiliki kebijakan terkait pengunduran
               Direksi apabila terlibat dalam kejahatan keuangan.                                    diri anggota Direksi apabila terlibat dalam kejahatan
                                                                                                     keuangan yang diungkapkan dalam Anggaran Dasar
               The Board of Directors has a policy regarding the resignation of                      Perseroan.
               members of the Board of Directors if they are involved in financial    Fulfilled      The Company has a policy regarding the resignation of
               crimes.                                                                               members of the Board of Directors if they are involved
                                                                                                     in financial crimes disclosed in the Company’s Articles
                                                                                                     of Association.

IV.       Partisipasi Pemangku Kepentingan
          Stakeholder Participation

          Meningkatkan Aspek Tata Kelola Perusahaan melalui Partisipasi Pemangku Kepentingan.
7.
          Improving Aspects of Corporate Governance through Kepenti ngan Stakeholder Participation.

          a.   Perusahaan Terbuka memiliki kebijakan untuk mencegah                  Terpenuhi      Terdapat dalam Peraturan Perseroan.
               terjadinya insider trading.
               The Public Company has a policy to prevent insider trading from        Fulfilled     Contained in the Company’s Regulations.
               occurring.
          b.   Perusahaan Terbuka memiliki kebijakan anti korupsi dan anti-          Terpenuhi      Terdapat dalam Peraturan Perseroan.
               fraud.
               The Public Company has anti-corruption and anti-fraud policies.        Fulfilled     It is in the Company’s Regulations.




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             Performance Glimpses                                                  Management Reports                                               Company Profile




       No.                      Aspek/Prinsip/Rekomendasi                                                                           Uraian
                                                                                                  Status
                             Aspects/Principles/Recommendations                                                                   Description


                 c.   Perusahaan Terbuka memiliki kebijakan tentang seleksi dan                  Terpenuhi    Kebijakan terkait seleksi dan kemampuan pemasok
                      peningkatan kemampuan pemasok atau vendor.                                              dan vendor disesuaikan dengan satuan operasional
                      The Public Company has a policy on the selection and improvement            Fulfilled   prosedur (SOP) Perseroan, serta memenuhi kebijakan
                      of the capabilities of suppliers or vendors.                                            kontrak kerja antar kedua belah pihak.
                                                                                                              Policies related to the selection and capabilities of
                                                                                                              suppliers and vendors are adjusted to the Company’s
                                                                                                              unit operational procedures (SOP), as well as complying
                                                                                                              with work contract policies between both parties.

                d.    Perusahaan Terbuka memiliki kebijakan tentang pemenuhan                    Terpenuhi    Kebijakan terkait pemenuhan hak-hak kreditur
                      hak-hak kreditur.                                                                       disesuaikan dengan kontrak perjanjian yang
                      The Public Company has a policy on the fulfillment of the rights of         Fulfilled   berlaku dan tetap memenuhi peraturan perundang-
                      creditors.                                                                              undangan terkait.
                                                                                                              Policies related to fulfilling creditor rights adjusted
                                                                                                              to the contractual agreement valid and continues to
                                                                                                              comply with statutory regulations related.

                e.    Perusahaan Terbuka memiliki kebijakan sistem whistleblowing.               Terpenuhi    Kebijakan    sistem     whistleblowing   Perseroan
                      Public Companies have a whistleblowing system policy.                       Fulfilled   ditetapkan sesuai dengan SOP yang telah ditetapkan.
                                                                                                              Company whistleblowing system policy determined in
                                                                                                              accordance with the established SOP.

                 f.   Perusahaan Terbuka memiliki kebijakan pemberian insentif                   Terpenuhi    Terdapat dalam Peraturan Perseroan.
                      jangka panjang kepada Direksi dan karyawan.
                      The Public Company has a policy of providing long-term incentives           Fulfilled   It is in the Company’s Regulations.
                      to the Board of Directors and employees.

        V.      Keterbukaan Informasi
                Information Disclosure

        8.      Meningkatkan Pelaksanaan Keterbukaan Informasi.
                Improving the Implementation of Information Disclosure.

                a.    Perusahaan Terbuka memanfaatkan penggunaan teknologi                       Terpenuhi    Perseroan telah memanfaatkan penggunaan
                      informasi secara lebih luas selain situs web sebagai media                              teknologi, yaitu situs web Perseroan dan situs web
                      keterbukaan informasi.                                                                  Bursa Efek Indonesia.
                      Public Companies take advantage of the wider use of information             Fulfilled   The Company has utilized the technology usage, of
                      technology in addition to websites as a medium for information                          which is the Company’s website and the Indonesia
                      disclosure.                                                                             Stock Exchange website.
                b.    Laporan Tahunan Perusahaan Terbuka mengungkapkan pemilik                   Terpenuhi    Perseroan telah mengungkapkan dalam Laporan
                      manfaat akhir dalam kepemilikan saham perusahaan terbuka                                Tahunan ini.
                      paling sedikit 5%, selain pengungkapan pemilik manfaat
                      akhir dalam kepemilikan saham perusahaan terbuka melalui
                      Pemegang Saham Utama dan Pengendali.
                      The Annual Report of the Public Company discloses the final                 Fulfilled   The Company has disclosed in this Annual Report.
                      beneficial owner in the share ownership of a public company of at
                      least 5%, in addition to the disclosure of the final beneficial owner
                      in the share ownership of a public company through the Major and
                      Controlling Shareholders.




      Struktur GCG                                                                            GCG Structure

      Struktur GCG Perseroan dibentuk untuk menegaskan                                        The Company’s GCG structure was established to affirm
      fungsi masing-masing organ perusahaan dalam                                             the functions of each company organ in carrying out
      melaksanakan tugas dan tanggung jawabnya. Struktur                                      its duties and responsibilities. The structure consists of
      tersebut terdiri dari Rapat Umum Pemegang Saham                                         the General Meeting of Shareholders (GMS), the Board
      (RUPS), Dewan Komisaris, Komite Dewan Komisaris,                                        of Commissioners, the Committee of the Board of
      Direksi, dan Organ Pendukung Direksi.                                                   Commissioners, the Board of Directors, and the Supporting
                                                                                              Organs of the Board of Directors.




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    Management Discussion And Analysis                           Good Corporate Governance                                    Sustainability Report




RUPS merupakan media tertinggi di dalam internal                       GMS is the highest media within the Company to report
Perseroan untuk melaporkan dan menyampaikan                            and submit the Company’s Supervision and Management
Laporan Pengawasan dan Pengelolaan Perseroan                           Report by the Board of Commissioners and Board of
oleh Dewan Komisaris dan Direksi. Sementara, Dewan                     Directors. Meanwhile, the Board of Commissioners carries
Komisaris menjalankan fungsi sebagai pengawas dan                      out its function as a supervisor and provides advice,
pemberi saran, nasihat, dan rekomendasi kepada Direksi                 advice, and recommendations to the Board of Directors
atas kinerja operasional dan keuangan perusahaan.                      on the company’s operational and financial performance.
Adapun Direksi merupakan organ utama yang                              The Board of Directors is the main organ that has full
mempunyai tanggung jawab penuh atas pengelolaan                        responsibility for the management of the Company, both
Perseroan, baik di dalam ataupun di luar perusahaan.                   inside and outside the company. Each of these main organs
Masing-masing organ utama tersebut mempunyai                           has supporting organs, which are the Audit Committee,
organ pendukung, yaitu Komite Audit, Fungsi Nominasi                   Nomination and Remuneration Function, Corporate
dan Remunerasi, Sekretaris Perusahaan, dan Unit Audit                  Secretary, and Internal Audit Unit.
Internal.


Rapat Umum Pemegang Saham                                              General Meeting of Shareholders

Rapat Umum Pemegang Saham (RUPS) merupakan organ                       The General Meeting of Shareholders (GMS) is the highest
tertinggi di dalam Perseroan sebagai media komunikasi                  organ in the Company as a medium of communication
antara Pemegang Saham dengan Dewan Komisaris dan                       between Shareholders and the Board of Commissioners
Direksi, serta sebagai sarana penerimaan laporan kerja                 and Board of Directors, as well as a means of receiving
selama satu tahun buku. Adapun pelaksanaan RUPS                        work reports for one financial year. The implementation of
terbagi atas 2 jenis, yaitu RUPS Tahunan yang harus                    GMS is divided into 2 types, which is the Annual GMS which
dilaksanakan maksimal 6 bulan setelah tahun buku                       must be held a maximum of 6 months after the financial
dan RUPS Luar Biasa yang dapat dilaksanakan sesuai                     year and the Extraordinary GMS which can be carried out
kepentingan Perseroan atau bersifat insidental.                        according to the interests of the Company or is incidental.

Pelaksanaan RUPS Tahunan 2023                                          Implementation of Annual GMS 2023
Pada tahun 2023, Perseroan telah melaksanakan RUPS                     In 2023, the Company has held an Annual GMS and 1
Tahunan dan 1 kali RUPS Luar Biasa pada tanggal 27                     Extraordinary GMS on June 27, 2023. The implementation
Juni 2023. Pelaksanaan RUPS tersebut diuraikan sebagai                 of the GMS is described as follows.
berikut.


  Tanggal dan Tempat Pelaksanaan                                     27 Juni 2023
  Date and venue of Implementation                                   Ruang Singosari, Hotel Borobudur Jakarta
                                                                     Jl. Lapangan Banteng Selatan
                                                                     Jakarta, 10710.

  Tanggal Pemberitahuan Rapat kepada Instansi terkait                11 Mei 2023.
  yang Berwenang                                                     May 11st 2023.
  Date of Meeting Notification to relevant Authorized Agencies

  Tanggal Pemberitahuan Rapat kepada Pemegang Saham                  19 Mei 2023.
  Date of Meeting Notification to Shareholders                       May 19th 2023.

  Tanggal Pemanggilan Pemegang Saham                                 5 Juni 2023.
  Date of Calling Shareholders                                       June 5nd 2023.

  Jumlah Saham yang Hadir (Persentase dari Jumlah Saham              • RUPS Tahunan 1.088.335.756 saham atau mewakili 93,18%.
  Beredar)                                                             Annual GMS 1,088,335,756 shares or representing 93.18%.
  Number of Shares Present (Percentage of Number of Shares           • RUPS Luar Biasa  1.088.336.156 saham atau mewakili 93,18%.
  Outstanding)                                                         Extraordinary GMS 1,088,336,156 shares or representing 93.18%.

  Tanggal Pelaporan Ringkasan Hasil Rapat                            30 Juni 2023.
  Reporting Date Summary of Meeting Results                          June 4th 2023.

  Penyampaian Pengumuman, Undangan, dan Laporan                      Situs web Perseroan dan Bursa Efek Indonesia, Sarana Pelaporan
  Submission of Announcements, Invitations, and Reports              Elektronik Terintegrasi Emiten dan Perusahaan Publik (SPE IDX),
                                                                     Aplikasi Electronic General Meeting System KSEI (eASY.KSEI), dan
                                                                     Surat Kabar Harian Nasional.
                                                                     Website of the Company and Indonesia Stock Exchange, Integrated
                                                                     Electronic Reporting Facility of Issuers and Public Companies (SPE
                                                                     IDX), KSEI Electronic General Meeting System Application (eASY.
                                                                     KSEI), and National Daily Newspaper.




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            Performance Glimpses                                                   Management Reports                                         Company Profile




      Kehadiran Peserta RUPS Tahunan dan Luar Biasa                                        Attendance of 2023 Annual and Extraordinary GMS
      2023                                                                                 Participants


                                            Kehadiran RUPS Tahunan Annual GMS Attendance
        Dewan Komisaris                     Komisaris Utama  President Commissioner                                       Hartono Tjahjadi Adiwana
        Board of Commissioners              Wakil Komisaris Utama  Vice President Commissioner                            Rahmat Adi Sutikno Halim1)
                                            Komisaris Independen Independent Commissioner                                 Ku Siew Kuan
                                            Komisaris Independen Independent Commissioner                                 Ratu Tisha Destria
                                            Komisaris Independen Independent Commissioner                                 Vivi Henny
                                            1) efektif mengundurkan diri sesuai keputusan RUPS Tahunan pada tanggal 27 Juni 2023.
                                            1) effectively resigned in accordance with the decision of the Annual GMS on June 27 2023.

                                            Kehadiran RUPS Luar Biasa Extraordinary GMS Attendance
                                            Komisaris Utama  President Commissioner                                       Hartono Tjahjadi Adiwana
                                            Wakil Komisaris Utama  Vice President Commissioner                            Josephine Sukmadewi Karjadi2)
                                            Komisaris Independen Independent Commissioner                                 Ku Siew Kuan
                                            Komisaris Independen Independent Commissioner                                 Ratu Tisha Destria
                                            Komisaris Independen Independent Commissioner                                 Vivi Henny
                                            2) efektif menjabat sesuai keputusan RUPS Tahunan pada tanggal 27 Juni 2023.
                                            2) effectively serving in accordance with the decision of the Annual GMS on June 27 2023.


                                            Kehadiran RUPS Tahunan Annual GMS Attendance
        Direksi                             Direktur Utama  President Director                                            Wiradi
        Board of Directors                  Direktur Director                                                             Dedy Djafarli
                                            Direktur Director                                                             Josephine Sukmadewi Karjadi1)
                                            Direktur Director                                                             Lenny Susilawaty Jamadi
                                            Direktur Director                                                             Lyvia Mariana
                                            Direktur Director                                                             Roland Hutapea
                                            Direktur & Sekretaris Perusahaan Director & Corporate Secretary               Widi Satya Chitra
                                            1) efektif mengundurkan diri sesuai keputusan RUPS Tahunan pada tanggal 27 Juni 2023.
                                            1) effectively resigned in accordance with the decision of the Annual GMS on June 27 2023.

                                            Kehadiran RUPS Tahunan Annual GMS Attendance
                                            Direktur Utama President Director                                             Wiradi
                                            Direktur Director                                                             Dedy Djafarli
                                            Direktur Director                                                             FA Tri Agus Winarko HS2)
                                            Direktur Director                                                             Lenny Susilawaty Jamadi
                                            Direktur Director                                                             Lyvia Mariana
                                            Direktur Director                                                             Roland Hutapea
                                            Direktur & Sekretaris Perusahaan Director & Corporate Secretary               Widi Satya Chitra
                                            2) efektif menjabat sesuai keputusan RUPS Tahunan pada tanggal 27 Juni 2023.
                                            2) effectively serving in accordance with the decision of the Annual GMS on June 27 2023.


        Pihak Independen                   Akuntan Publik Henri Sinurat Perwakilan dari Kantor Akuntan Publik Mirawati Sensi Idris (an
        Independent Parties                Independent Member of Moore Global Network Limited).
                                           Public Accountant Henri Sinurat Representative of Mirawati Sensi Idris Public Accounting Firm (an
                                           Independent Member of Moore Global Network Limited).



      Agenda RUPS Tahunan                                                                  Annual GMS Agenda
      Agenda RUPS Tahun 2023 diuraikan sebagai berikut.                                    The agenda for the 2023 GMS is outlined as follows.
      1. Persetujuan dan Pengesahan Laporan Tahunan                                        1. Approval and ratification of the Company’s Annual
         Perseroan untuk Tahun Buku 2022, termasuk di                                         Report for Fiscal Year 2022, including the Board of
         dalamnya Laporan Tugas Pengawasan Dewan Komisaris                                    Commissioners’ Supervisory Task Report for Financial
         untuk Tahun Buku 2022 serta Laporan Keuangan                                         Year 2022 and Financial Statements of the Company
         Perusahaan dan Entitas Anak untuk Tahun Buku yang                                    and Subsidiaries for the Financial Year ended December
         berakhir pada tanggal 31 Desember 2022 yang telah                                    31, 2022 which have been audited by Public Accounting
         diaudit oleh Kantor Akuntan Publik Mirawati Sensi                                    Firm Mirawati Sensi Idris (An Independent member of
         Idris (An Independent member of Moore Global Network                                 Moore Global Network Limited);
         Limited);
      2. Penetapan Penggunaan Laba Bersih Perseroan Tahun                                  2. Determination of the use of the Company’s net profit for
         Buku 2022;                                                                           the 2022 financial year;
      3. Penunjukan Akuntan Publik untuk mengaudit Laporan                                 3. Appointment of a Public Accountant to audit the
         Keuangan Perseroan untuk Tahun Buku 2023;                                            Company’s Financial Statements for Financial Year 2023;



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    Analisis Dan Pembahasan Manajemen                       Tata Kelola Perusahaan                                       Laporan Keberlanjutan
    Management Discussion And Analysis                      Good Corporate Governance                                    Sustainability Report




4. Penetapan Remunerasi bagi Anggota Direksi dan                  4. Determination of Remuneration for Members of the
   Dewan Komisaris untuk Tahun Buku 2023; dan                        Board of Directors and Board of Commissioners for
                                                                     Financial Year 2023; and
5. Perubahan Susunan Pengurus Perseroan Dewan                     5. Changes in the Company’s Management Structure,
   Komisaris dan/atau Direksi.                                       Board of Commissioners and/or Board of Directors.

Keputusan dan Realisasi RUPS Tahunan 2023                         Decision and Realization of Annual GMS 2023

                                                             Jumlah
                                                        Persentase Suara
              Keputusan dan Realisasi                                                           Decision and Realization
                                                           Total Vote
                                                           Percentage


 Mata Acara 1                                                                 Agenda 1
 1. Menyetujui Laporan Tahunan Perseroan Tahun             100,00%            1. Approve the Company’s Annual Report for fiscal
    Buku 2022, termasuk di dalamnya Laporan                                      year 2022, including the Business Activity Report
    Kegiatan Usaha dan Laporan Pengawasan                                        and the Board of Commissioners’ Supervisory
    Dewan Komisaris untuk tahun buku 2022.                                       Report for the 2022 financial year.
 2. Mengesahkan Laporan Keuangan Perseroan                                    2. Ratify the Company’s Financial Statements for the
    untuk tahun buku yang berakhir pada tanggal                                  financial year ended December 31, 2022 which
    31 Desember 2022 yang telah diaudit oleh                                     have been audited by Mirawati Sensi Idris Public
    Kantor Akuntan Publik Mirawati Sensi Idris (an                               Accounting Firm (an Independent Member of  
    Independent Member of Moore Global Network                                   Moore Global Network Limited) with reasonable
    Limited) dengan pendapat wajar dalam semua                                   opinions in all material respects, relating to the
    hal yang material, berkaitan dengan Laporan                                  attached Consolidated Financial Statements
    Keuangan Konsolidasian terlampir secara                                      in their entirety regarding the issuance of the
    keseluruhan terkait penerbitan Laporan Auditor                               Independent Auditor’s Report, as stated in Report
    Independen, sebagaimana dinyatakan dalam                                     No.       00420/2.1090/AU.1/05/1277-1/1/III/2023
    Laporan No. 00420/2.1090/AU.1/05/1277-1/1/                                   tanggal 31 March 2023.
    III/2023 tanggal 31 Maret 2023.

 Telah terealisasi secara penuh.                                              Fully realized.

 Mata Acara 2                                                                 Agenda 2
 Menyetujui penetapan Laba tahun berjalan yang             100,00%            Approve the determination of the current year’s profit
 diatribusikan kepada pemilik Entitas Induk Perseroan                         attributable to the owners of the Company’s Parent
 untuk tahun buku 2022 sebesar Rp12.421.431.611                               Entity for the 2022 financial year of Rp12.421.431.611
 untuk digunakan sebagai berikut.                                             to be used as follows.
 a. Sebesar Rp 1.000.000.000 digunakan sebagai                                a. A total of Rp1.000.000.000 is used as a reserve
    penyisihan cadangan sesuai dengan ketentuan                                  allowance in accordance with the provisions of Article
    Pasal 70 Undang Undang No. 40 Tahun 2007                                     70 of Law No. 40 of 2007 concerning Limited Liability
    tentang Perseroan Terbatas.                                                  Companies.
 b. Sebesar Rp5.839.984.020 atau 47% dari laba                                b. Rp5.839.984.020 or 47% of the Company’s
    tahun berjalan Perseroan yang digunakan                                      current year profit will be used for cash dividend
    untuk pembayaran dividen tunai dan akan                                      payments and will be paid on August 3, 2023. In
    dibayarkan pada tanggal 3 Agustus 2023. Dalam                                its implementation, the Board of Directors of the
    pelaksanaannya, Direksi Perseroan diberi kuasa                               Company is authorized with the right of substitution
    dengan hak substitusi untuk melakukan segala                                 to take all necessary actions in connection with this
    tindakan yang diperlukan sehubungan dengan hal                               matter, including establishing a list of Shareholders
    tersebut, termasuk menetapkan daftar Pemegang                                entitled to the final cash dividend, as well as
    Saham yang berhak atas dividen tunai final, serta                            determining the schedule and procedure for the
    menetapkan jadwal dan tata cara pembayaran                                   payment of the final cash dividend. The final cash
    dividen tunai final. Jadwal pembayaran dividen                               dividend payment schedule will be announced
    tunai final dimaksud akan diumumkan di                                       on the Indonesia Stock Exchange website and the
    situs web Bursa Efek Indonesia dan situs web                                 Company’s website by taking into account the
    Perseroan, dengan memperhatikan peraturan dan                                prevailing laws and regulations.
    perundang-undangan yang berlaku.                                          c. A total of Rp 5.581.447.591 will be included as retained
 c. Sebesar Rp5.581.447.591 akan dimasukkan                                      earnings.
    sebagai laba ditahan.

 Telah terealisasi secara penuh.                                              Fully realized.

 Mata Acara 3                                                                 Agenda 3
 1. Menunjuk kembali KAP Mirawati Sensi Idris (An          100,00%            1. Reappointed KAP Mirawati Sensi Idris (An
    Independent Member of Moore Global Network                                   Independent Member of Moore Global Network
    Limited) untuk mengaudit Laporan Keuangan                                    Limited) to audit the Company’s Consolidated
    Konsolidasian Perseroan untuk tahun buku 2023;                               Financial Statements for the fiscal year 2023;
 2. Menetapkan dan memberikan wewenang                                        2. Determine and give full authority to the Board
    sepenuhnya kepada Direksi Perseroan untuk                                    of Directors of the Company to determine
    menetapkan honorarium, serta persyaratan-                                    honorarium, as well as other requirements
    persyaratan     lain   sehubungan       dengan                               in connection with the appointment and
    penunjukan dan pengangkatan KAP Mirawati                                     appointment of KAP Mirawati Sensi Idris (An
    Sensi Idris (An Independent Member of Moore                                  Independent Member of Moore Global Network
    Global Network Limited) tersebut; serta                                      Limited); and



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            Kilas Kinerja                                                          Laporan Manajemen                                         Profil Perusahaan
            Performance Glimpses                                                   Management Reports                                        Company Profile




                                                                                    Jumlah
                                                                               Persentase Suara                       Decision and Realization
                        Keputusan dan Realisasi                                   Total Vote
                                                                                  Percentage


        3. Memberikan wewenang dan kuasa kepada                                                     3. Grant authority and power to the Board of
           Dewan Komisaris Perseroan, untuk menetapkan                                                 Commissioners of the Company, to determine a
           KAP pengganti yang telah terdaftar pada                                                     replacement KAP that has been registered with
           Otoritas Jasa Keuangan, dalam hal KAP Mirawati                                              the Financial Services Authority, in the case of KAP
           Sensi Idris (An Independent Member of Moore                                                 Mirawati Sensi Idris (An Independent Member of
           Global Network Limited), karena sebab apapun                                                Moore Global Network Limited), for any reason
           tidak dapat melaksanakan atau menyelesaikan                                                 unable to carry out or complete an audit of the
           audit atas Laporan Keuangan Perseroan tahun                                                 Company’s Financial Statements for the 2023
           buku 2023.                                                                                  financial year.

        Telah terealisasi secara penuh.                                                             Fully realized.

        Mata Acara 4                                                                                Agenda 4
        Menyetujui untuk menetapkan pemberian                                       100,00%         Agree to determine the granting of authority to the
        wewenang kepada Fungsi Nominasi dan                                                         Nomination and Remuneration Function, which is
        Remunerasi, yang dilaksanakan oleh Dewan                                                    carried out by the Company’s Board of Commissioners to
        Komisaris    Perseroan      untuk    menetapkan                                             determine honorarium or salary, as well as other benefits
        honorarium atau gaji, serta tunjangan lainnya bagi                                          for members of the Company’s Board of Commissioners
        anggota Dewan Komisaris dan Direksi Perseroan                                               and Directors for the 2023 financial year by taking into
        untuk tahun buku 2023 dengan memperhatikan                                                  account the Company’s financial condition.
        kondisi keuangan Perseroan.

        Telah terealisasi secara penuh.                                                             Fully realized.

        Mata Acara 5                                                                                Agenda 5
        1. Menyetujui untuk memberhentikan seluruh                                  100,00%         1. Approve to dismiss all Board of Commissioners and
           Dewan Komisaris dan Direksi Perseroan                                                       Directors of the Company as well as re-appoint the
           sekaligus    mengangkat       kembali    Dewan                                              Board of Commissioners and Board of Directors for
           Komisaris dan Direksi untuk jangka waktu                                                    a period of 5 years from the closing of the Meeting,
           5 tahun terhitung sejak ditutupnya Rapat,                                                   so that henceforth the composition of the Board of
           sehingga untuk selanjutnya susunan Dewan                                                    Commissioners and Directors becomes as follows.
           Komisaris dan Direksi menjadi sebagai berikut.
           Dewan Komisaris                                                                          Board of Commissioners
           Komisaris Utama        : Hartono Tjahjadi                                                President Commissioner           : Hartono Tjahjadi
           		                       Adiwana                                                         		                                 Adiwana
           Komisaris Independen : Ku Siew Kuan                                                      Independent Commissioner         : Ku Siew Kuan
           Komisaris Independen : Ratu Tisha Destria                                                Independent Commissioner         : Ratu Tisha Destria
           Komisaris Independen : Vivi Henny                                                        Independent Commissioner         : Vivi Henny
           Komisaris 		           : Josephine Sukmadewi                                             Commissioner                     : Josephine Sukmadewi
           		                       Karjadi                                                         		                                 Karjadi

            Direksi                                                                                 Board of Directors
            Direktur Utama                : Wiradi                                                  President Director: Wiradi
            Direktur		                    : Dedy Djafarli                                           Director		                       : Dedy Djafarli
            Direktur 		                   : FA Tri Agus Winarko HS                                  Director 		                      : FA Tri Agus Winarko HS
            Direktur 		                   : Lenny Susilawaty                                        Director		                       : Lenny Susilawaty
            		                              Jamadi                                                  		                                 Jamadi
            Direktur		                    : Lyvia Mariana                                           Director                         : Lyvia Mariana
            Direktur		                    : Roland Hutapea                                          Director		                       : Roland Hutapea
            Direktur & Sekretaris                                                                   Director & Corporate
            Perusahaan		                  : Widi Satya Chitra                                       Secretary		                      : Widi Satya Chitra

        2. Memberikan kuasa kepada Direksi Perseroan                                                2. Authorize the Board of Directors of the Company
           dan/atau baik bersama-sama maupun sendiri-                                                  and/or either jointly or individually with the
           sendiri dengan hak substitusi untuk menyatakan                                              right of substitution to restate the decision of the
           kembali keputusan Rapat berkenaan dengan                                                    Meeting regarding the reappointment of the Board
           pengangkatan kembali Dewan Komisaris dan                                                    of Commissioners and Board of Directors of the
           Direksi Perseroan dalam Akta Notaris dan                                                    Company in the Notarial Deed and further notify
           selanjutnya memberitahukan perubahan data                                                   the change of Company data to the Minister of Law
           Perseroan kepada Menteri Hukum dan Hak Asasi                                                and Human Rights of the Republic of Indonesia
           Manusia Republik Indonesia terkait dengan                                                   related to the reappointment of the Board of
           pengangkatan kembali Dewan Komisaris dan                                                    Commissioners and Directors of the Company,
           Direksi Perseroan tersebut, dan melakukan                                                   and take all necessary actions in accordance with
           segala tindakan yang diperlukan sesuai dengan                                               applicable laws and regulations.
           peraturan perundangan yang berlaku.

        Telah terealisasi secara penuh.                                                             Fully realized.




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Agenda RUPS Luar Biasa 27 Juni 2023                                       Agenda of Extraordinary GMS 27 June 2023
Perseroan melaksanakan 1 kali RUPS Luar Biasa pada                        The Company held 1 Extraordinary GMS on June 27, 2023,
tanggal 27 Juni 2023, dengan agenda yaitu penyesuaian                     with the agenda of adjusting the Company’s Articles of
Anggaran Dasar Perseroan.                                                 Association.

Keputusan dan Realisasi RUPS Luar Biasa 2023                              Decision and Realization of Extraordinary GMS 2023


                                                                Jumlah
                                                           Persentase Suara
                Keputusan dan Realisasi                       Total Vote                                Decision and Realization
                                                              Percentage


 Mata Acara 1                                                                         Agenda 1
 1. Menyetujui penyesuaian Pasal 3 Anggaran Dasar                  99,99%             1. Approve the adjustment of Article 3 of the Company’s
    Perseroan, penyesuaian Pasal 15 ayat 6, Pasal                                        Articles of Association, the adjustment of Article 15
    16 ayat 2a dan ayat 6 sesuai dengan Peraturan                                        paragraph 6, Article 16 paragraph 2a and paragraph
    Otoritas Jasa Keuangan No. 31 /POJK.04/2015                                          6 in accordance with the Financial Services Authority
    tentang Keterbukaan Informasi atau Fakta                                             Regulation No. 31/POJK.04/2015 concerning
    Material oleh Emiten atau Perusahaan Publik,                                         Disclosure of Information or Material Facts by Issuers
    dan Pasal 23 ayat 6 sesuai dengan Peraturan                                          or Public Companies, and Article 23 paragraph 6 in
    Otoritas Jasa Keuangan No. 14/POJK.04/2022                                           accordance with the Financial Services Authority
    tentang Penyampaian Laporan Keuangan                                                 Regulation No. 14 / POJK.04/ 2022 concerning the
    Berkala Emiten Atau Perusahaan Publik.                                               Submission of Periodic Financial Statements of Issuers
 2. Memberikan kuasa kepada Direksi Perseroan                                            or Public Companies.
    dan atau baik bersama-sama maupun sendiri-                                        2. Authorize the Board of Directors of the Company
    sendiri dengan hak substitusi untuk menyatakan                                       and/or either jointly or individually with the right of
    kembali keputusan Rapat berkenaan dengan                                             substitution to restate the resolution of the Meeting
    penyesuaian Anggaran Dasar Perseroan dalam                                           regarding the adjustment of the Company’s Articles
    akta notaris dan selanjutnya mengajukan                                              of Association in a notarial deed and subsequently
    permohonan          persetujuan       dan/atau                                       apply for approval and/or submit notification of the
    menyampaikan pemberitahuan atas perubahan                                            amendment of the Company’s Articles of Association
    Anggaran Dasar Perseroan tersebut kepada                                             to the Minister of Law and Human Rights of the
    Menteri Hukum dan Hak Asasi Manusia Republik                                         Republic of Indonesia related to the adjustment of
    Indonesia terkait dengan penyesuaian Anggaran                                        the Company’s Articles of Association, and take all
    Dasar Perseroan tersebut, dan melakukan                                              necessary actions in accordance with applicable laws
    segala tindakan yang diperlukan sesuai dengan                                        and regulations.
    peraturan perundangan yang berlaku.
                                                                                      Fully realized.
 Telah terealisasi secara penuh.



Pelaksanaan RUPS 2022                                                     Implementation of GMS 2022
Selama tahun 2022, Perseroan telah menyelenggarakan                       During 2022, the Company has held the Annual GMS on  
RUPS Tahunan pada tanggal 24 Juni 2022 dan tidak                          June 24, 2022 and did not hold an   Extraordinary GMS. The
menyelenggarakan RUPS Luar Biasa. Pelaksanaan RUPS                        implementation of the 2022 GMS is described as follows.
tahun 2022 diuraikan sebagai berikut.


  Tanggal dan Tempat Pelaksanaan                                       24 Juni 2022
  Date and Place of Implementation                                     Ruang Singosari, Hotel Borobudur Jakarta
                                                                       Jl. Lapangan Banteng Selatan
                                                                       Jakarta, 10710.

  Tanggal Pemberitahuan Rapat kepada Instansi terkait yang             10 Mei 2022.
  Berwenang                                                            May 10th 2022.
  Date of Meeting Notification to relevant  Authorized Agencies

  Tanggal Pemberitahuan Rapat kepada Pemegang Saham                    18 Mei 2022.
  Date of Meeting Notification to Shareholders                         May 18th 2022.

  Tanggal Pemanggilan Pemegang Saham                                   2 Juni 2022.
  Date of Calling Shareholders                                         June 2nd 2022.

  Jumlah Saham yang Hadir (Persentase dari Jumlah Saham Beredar)       1.052.731.766 saham atau mewakili 90,13%.
  Number of Shares Present (Percentage of Number of Shares             1.052.731.766 shares or representing 90,13%.
  Outstanding)

  Tanggal Pelaporan Ringkasan Hasil Rapat                              28 Juni 2022.
  Reporting Date Summary of Meeting Results                            June 28th 2022.

  Penyampaian Pengumuman, Undangan, dan Laporan                        Situs web Perseroan dan Bursa Efek Indonesia, Sarana Pelaporan
  Submission of Announcements, Invitations, and Reports                Elektronik Terintegrasi Emiten dan Perusahaan Publik (SPE IDX), Aplikasi
                                                                       Electronic General Meeting System KSEI (eASY.KSEI), dan Surat Kabar
                                                                       Harian Nasional.
                                                                       Website of the Company and Indonesia Stock Exchange, Integrated Electronic
                                                                       Reporting Facility of Issuers and Public Companies (SPE IDX), KSEI Electronic
                                                                       General Meeting System Application (eASY.KSEI), and National Daily
                                                                       Newspaper.




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            Kilas Kinerja                                                          Laporan Manajemen                                         Profil Perusahaan
            Performance Glimpses                                                   Management Reports                                        Company Profile




      Kehadiran Peserta RUPS Tahunan 2022                                                  Attendance of 2022 Annual GMS Participants

       Dewan Komisaris                     Komisaris Utama  President Commissioner                                    Hartono Tjahjadi Adiwana
       Board of Commissioners              Wakil Komisaris Utama Vice President Commissioner                          Rahmat Adi Sutikno Halim
                                           Komisaris Independen Independent Commissioner                              Ku Siew Kuan
                                           Komisaris Independen Independent Commissioner                              Ratu Tisha Destria
                                           Komisaris Independen Independent Commissioner                              Vivi Henny

                                           Direktur Utama  President Director                                         Wiradi
       Direksi                             Direktur Director                                                          Dedy Djafarli
       Board of Directors                  Direktur Director                                                          Josephine Sukmadewi Karjadi
                                           Direktur Director                                                          Lenny Susilawaty Jamadi
                                           Direktur Director                                                          Lyvia Mariana
                                           Direktur Director                                                          Roland Hutapea
                                           Direktur & Sekretaris Perusahaan Director & Corporate Secretary            Widi Satya Chitra

       Pihak Independen                    Akuntan Publik Sahat Maruli Purba Perwakilan dari Kantor Akuntan Publik Mirawati Sensi Idris (an
       Independent Parties                 Independent Member of Moore Global Network Limited).
                                           Public Accountant Sahat Maruli Purba Representative of Mirawati Sensi Idris Public Accounting Firm (an
                                           Independent Member of Moore Global Network Limited).



      Keputusan dan Realisasi RUPS Tahunan 2022                                            Decision and Realization of Annual GMS 2022


                                Keputusan dan Realisasi                                                       Decision and Realization


        Mata Acara 1                                                                      Agenda 1
        1. Menyetujui Laporan Tahunan Perseroan Tahun Buku 2021,                          1. Approve the Company’s Annual Report for fiscal year 2021,
           termasuk di dalamnya Laporan Kegiatan Usaha dan Laporan                           including the Business Activity Report and the Board of
           Pengawasan Dewan Komisaris untuk tahun buku 2021.                                 Commissioners’ Supervisory Report for the 2021 financial year.
        2. Mengesahkan Laporan Keuangan Perseroan untuk tahun buku                        2. Ratify the Company’s Financial Statements for the financial
           yang berakhir pada tanggal 31 Desember 2021 yang telah                            year ended December 31, 2021 which have been audited by
           diaudit oleh Kantor Akuntan Publik Mirawati Sensi Idris (an                       Mirawati Sensi Idris Public Accounting Firm (an Independent
           Independent Member of Moore Global Network Limited) dengan                        Member of  Moore Global Network Limited) with reasonable
           pendapat wajar dalam semua hal yang material, berkaitan                           opinions in all material respects, relating to the attached
           dengan Laporan Keuangan Konsolidasian terlampir secara                            Consolidated Financial Statements in their entirety regarding
           keseluruhan terkait penerbitan Laporan Auditor Independen,                        the issuance of the Independent Auditor’s Report, as stated in
           sebagaimana dinyatakan dalam Laporan No. 00564/2.1090/                            Report No. 00564/2.1090/AU.1/05/0953-3/1/IV/2022 dated
           AU.1/05/0953-3/1/IV/2022 tanggal 25 April 2022.                                   April 25, 2022.

        Telah terealisasi secara penuh.                                                   Fully realized.

        Mata Acara 2                                                                      Agenda 2
        Menyetujui tidak membagikan dividen untuk tahun buku                              Agree not to distribute dividends for the financial year ended
        yang berakhir pada tanggal 31 Desember 2021 dan seluruh                           December 31, 2021 and all net profit earned by the Company
        laba bersih yang telah diperoleh Perseroan selama tahun                           during the financial year ended December 31, 2021 will be
        buku yang berakhir pada tanggal 31 Desember 2021 akan                             recorded as retained earnings.
        dibukukan sebagai laba ditahan.

        Telah terealisasi secara penuh.                                                   Fully realized.

        Mata Acara 3                                                                      Agenda 3
        Menyetujui memberikan wewenang dan kuasa kepada Dewan                             Agree to give authority and power to the Board of Commissioners
        Komisaris untuk menunjuk kantor akuntan publik dalam                              to appoint a public accounting firm in conducting an examination
        melakukan pemeriksaan Laporan Keuangan Perseroan untuk                            of the Company’s Financial Statements for the financial year ended
        tahun buku yang berakhir pada tanggal 31 Desember 2022 dan                        December 31, 2022 and determine the amount of audit services of
        menetapkan besaran jasa audit akuntan publik yang ditunjuk.                       the appointed public accountant.

        Telah terealisasi secara penuh.                                                   Fully realized.

        Mata Acara 4                                                                      Agenda 4
        Menyetujui untuk menetapkan pemberian wewenang                                    Agree to determine the granting of authority to the Nomination
        kepada Fungsi Nominasi dan Remunerasi, yang dilaksanakan                          and Remuneration Function, which is carried out by the Company’s
        oleh Dewan Komisaris Perseroan untuk menetapkan                                   Board of Commissioners to determine honorarium or salary, as
        honorarium atau gaji, serta tunjangan lainnya bagi anggota                        well as other benefits for members of the Company’s Board of
        Dewan Komisaris dan Direksi Perseroan untuk tahun buku                            Commissioners and Directors for the 2022 financial year by taking
        2022 dengan memperhatikan kondisi keuangan Perseroan.                             into account the Company’s financial condition.

        Telah terealisasi secara penuh.                                                   Fully realized.




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   Analisis Dan Pembahasan Manajemen                      Tata Kelola Perusahaan                                        Laporan Keberlanjutan
   Management Discussion And Analysis                     Good Corporate Governance                                     Sustainability Report




                  Keputusan dan Realisasi                                               Decision and Realization


Mata Acara 5                                                    Agenda 5
1. Menyetujui penyesuaian Pasal 3 Anggaran Dasar dengan         1. Approve the adjustment of Article 3 of the Articles of
   Standar Klasifikasi Baku Lapangan Usaha Indonesia 2020          Association to the 2020 Indonesian Business Field Standard
   (KBLI 2020) sesuai dengan Peraturan Pemerintah Republik         Classification Standard (KBLI 2020) in accordance with the
   Indonesia No. 24 Tahun 2018 tentang Pelayanan Perizinan         Government Regulation of the Republic of Indonesia No.
   Berusaha Terintegrasi Secara Elektronik, serta Peraturan        24 of 2018 concerning Electronically Integrated Business
   Pemerintah No. 5 Tahun 2021 tentang Penyelenggaraan             Licensing Services, as well as Government Regulation No. 5 of
   Perizinan Berusaha Berbasis Resiko.                             2021 concerning the Implementation of Risk-Based Business
                                                                   Licensing.
2. Memberikan kuasa kepada Direksi Perseroan dan/atau           2. Authorize the Board of Directors of the Company and/or
   baik bersama-sama maupun sendiri-sendiri dengan                 either jointly or individually with the right of substitution to
   hak substitusi untuk menyatakan kembali keputusan               restate the decision of the Meeting regarding the adjustment
   Rapat berkenaan dengan penyesuaian Anggaran Dasar               of the Company’s Articles of Association in the Notarial
   Perseroan dalam Akta Notaris dan selanjutnya mengajukan         Deed and then submit an application for approval and/or
   permohonan persetujuan dan/atau menyampaikan                    submit notice of the amendment of the Company’s Articles
   pemberitahuan atas perubahan Anggaran Dasar                     of Association to the Minister of Law and Human Rights of
   Perseroan tersebut kepada Menteri Hukum dan Hak Asasi           the Republic of Indonesia related to the adjustment of the
   Manusia Republik Indonesia terkait dengan penyesuaian           Company’s Articles of Association, and take all necessary
   Anggaran Dasar Perseroan tersebut, dan melakukan                actions in accordance with applicable laws and regulations.
   segala tindakan yang diperlukan sesuai dengan peraturan
   perundangan yang berlaku.

Telah terealisasi secara penuh.                                 Fully realized.

Mata Acara 6                                                    Agenda 6
1. Menyetujui untuk memberhentikan seluruh Dewan                1. Approve to dismiss all Board of Commissioners and
   Komisaris dan Direksi Perseroan sekaligus mengangkat            Directors of the Company as well as re-appoint the Board
   kembali Dewan Komisaris dan Direksi untuk jangka waktu          of Commissioners and Board of Directors for a period of 5
   5 tahun terhitung sejak ditutupnya Rapat, sehingga              years from the closing of the Meeting, so that henceforth the
   untuk selanjutnya susunan Dewan Komisaris dan Direksi           composition of the Board of Commissioners and Directors
   menjadi sebagai berikut.                                        becomes as follows.
   Dewan Komisaris                                                 Board of Commissioners
   Komisaris Utama          : Hartono Tjahjadi Adiwana             President Commissioner         : Hartono Tjahjadi Adiwana
   Wakil Komisaris Utama    : Rahmat Adi Sutikno Halim             Vice President Commissioner : Rahmat Adi Sutikno Halim
   Komisaris Independen     : Ku Siew Kuan                         Independent Commissioner : Ku Siew Kuan
   Komisaris Independen     : Ratu Tisha Destria                   Independent Commissioner : Ratu Tisha Destria
   Komisaris Independen     : Vivi Henny                           Independent Commissioner : Vivi Henny

   Direksi                                                         Board of Directors
   Direktur Utama             : Wiradi                             President Director                     : Wiradi
   Direktur		                 : Dedy Djafarli                      Director		                             : Dedy Djafarli
   Direktur 		                : Josephine Sukmadewi Karjadi        Director		                             : Josephine Sukmadewi Karjadi
   Direktur 		                : Lenny Susilawaty Jamadi            Director		                             : Lenny Susilawaty Jamadi
   Direktur		                 : Lyvia Mariana                      Director                               : Lyvia Mariana
   Direktur		                 : Roland Hutapea                     Director		                             : Roland Hutapea
   Direktur & Sekretaris                                           Director & Corporate
   Perusahaan		               : Widi Satya Chitra                  Secretary		                            : Widi Satya Chitra

2. Memberikan kuasa kepada Direksi Perseroan dan/atau           2. Authorize the Board of Directors of the Company and/or either
   baik bersama-sama maupun sendiri-sendiri dengan                 jointly or individually with the right of substitution to restate
   hak substitusi untuk menyatakan kembali keputusan               the decision of the Meeting regarding the reappointment of
   Rapat berkenaan dengan pengangkatan kembali Dewan               the Board of Commissioners and Board of Directors of the
   Komisaris dan Direksi Perseroan dalam Akta Notaris dan          Company in the Notarial Deed and further notify the change
   selanjutnya memberitahukan perubahan data Perseroan             of Company data to the Minister of Law and Human Rights of
   kepada Menteri Hukum dan Hak Asasi Manusia Republik             the Republic of Indonesia related to the reappointment of the
   Indonesia terkait dengan pengangkatan kembali Dewan             Board of Commissioners and Directors of the Company, and
   Komisaris dan Direksi Perseroan tersebut, dan melakukan         take all necessary actions in accordance with applicable laws
   segala tindakan yang diperlukan sesuai dengan peraturan         and regulations.
   perundangan yang berlaku.

Telah terealisasi secara penuh.                                 Fully realized.




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      Dewan Komisaris                                                                      Board of Commissioners

      Dewan Komisaris merupakan organ utama Perseroan                                      The Board of Commissioners is the main organ of the
      yang berperan memberikan pengawasan atas kinerja                                     Company whose role is to provide supervision over
      operasional dan keuangan yang dilakukan oleh                                         operational and financial performance carried out by the
      Direksi. Selain itu, Dewan Komisaris memberikan                                      Board of Directors. In addition, the Board of Commissioners
      saran, nasihat, dan rekomendasi kepada Direksi secara                                provides advice, advice, and recommendations to the Board
      objektif dan independen.                                                             of Directors objectively and independently.

      Pedoman Kerja Dewan Komisaris                                                        Board of Commissioners Work Guidelines
      Pelaksanaan tugas dan tanggung jawab merujuk                                         The implementation of duties and responsibilities refers
      pada Piagam Dewan Komisaris dan Direksi yang telah                                   to the Charter of the Board of Commissioners and Board
      diperbarui pada tanggal 5 Oktober 2022, dan telah                                    of Directors which has been updated on October 5,
      disesuaikan dengan Peraturan Otoritas Jasa Keuangan                                  2022, and has been adjusted to the Financial Services
      No. 33/POJK.04/2014 tanggal 8 Desember 2014 tentang                                  Authority Regulation No. 33/POJK.04/2014 on December
      Direksi dan Dewan Komisaris Emiten atau Perusahaan                                   8, 2014 concerning the Board of Directors and Board of
      Publik.                                                                              Commissioners of Issuers or Public Companies.

      Pedoman kerja ditujukan sebagai acuan bagi anggota                                   The work guidelines are intended as a reference for
      Dewan Komisaris dalam melaksanakan fungsi,                                           members of the Board of Commissioners in carrying out
      tugas, tanggung jawab, serta wewenangnya. Isi dari                                   their functions, duties, responsibilities, and authorities.
      Pedoman tersebut membahas tentang komposisi dan                                      The content of the Guidelines discusses the composition
      kriteria Dewan Komisaris; pengangkatan dan masa                                      and criteria of the Board of Commissioners; appointment
      jabatan Dewan Komisaris; tugas, tanggung jawab dan                                   and term of office of the Board of Commissioners;
      wewenang Dewan Komisaris; rapat Dewan Komisaris;                                     duties, responsibilities and authorities of the Board of
      serta pelaporan dan pertanggung jawaban Dewan                                        Commissioners; Board of Commissioners meetings;
      Komisaris.                                                                           and reporting and accountability of the Board of
                                                                                           Commissioners.

      Pengangkatan dan Masa Jabatan Dewan Komisaris                                        Appointment and Term of Office of the Board of
                                                                                           Commissioners
      Pengangkatan dan pemberhentian Dewan Komisaris                                       The appointment and dismissal of the Board of
      dilaksanakan berdasarkan keputusan RUPS Tahunan,                                     Commissioners shall be carried out based on the resolution
      dengan masa jabatan 5 tahun dan dapat dipilih kembali                                of the Annual GMS, with a term of office of 5 years and may
      untuk periode berikutnya.                                                            be re-elected for the next period.

      Susunan Dewan Komisaris                                                              Composition of the Board of Commissioners
      Pada tahun 2023, anggota Dewan Komisaris Perseroan                                   In 2023, the members of the Company’s Board of
      terdiri dari 5 orang, yaitu 1 Komisaris Utama, 1 Komisaris,                          Commissioners consist of 5 people, which are 1 President
      dan 3 Komisaris Independen, yang diungkapkan pada                                    Commissioner, 1 Commissioner, and 3 Independent
      tabel berikut.                                                                       Commissioners, as disclosed in the following table.


                     Nama                                     Jabatan                              Dasar Pengangkatan                  Masa Tugas
                     Name                                     Position                             Basis of Appointment               Service Period


        Hartono Tjahjadi Adiwana                Komisaris Utama                           • Akta No. 56 dari Notaris Humberg Lie,      27 Juni 2023 –
                                                President Commissioner                      SH, SE Mkn tanggal 13 Juli 2022.           RUPS Tahunan
                                                                                          • Akta No. 73 dari Notaris Humberg Lie,          2028.
                                                                                            SH, SE Mkn tanggal 26 Juli 2023.          June 27th 2023 –
                                                                                          • Deed No. 56 of Notary Humberg Lie, SH,   Annual GMS 2028.
                                                                                            SE Mkn dated July 13th 2022.
                                                                                          • Deed No. 73 of Notary Humberg Lie, SH,
                                                                                            SE Mkn dated July 26th 2023.

        Rahmat Adi Sutikno                      Wakil Komisaris Utama                     • Akta No. 56 dari Notaris Humberg Lie,      24 Juni 2022 -
        Halim1)                                 Vice President Commissioner                 SH, SE Mkn tanggal 13 Juli 2022.           RUPS Tahunan
                                                                                          • Deed No. 56 of Notary Humberg Lie, SH,          2027
                                                                                            SE Mkn dated July 13th 2022.              June 24th 2022 –
                                                                                                                                     Annual GMS 2027.




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            Nama                             Jabatan                           Dasar Pengangkatan                                Masa Tugas
            Name                             Position                          Basis of Appointment                             Service Period


  Josephine Sukmadewi            Komisaris                           • Akta No. 73 dari Notaris Humberg Lie,                    27 Juni 2023 –
  Karjadi2)                      Commissioner                          SH, SE Mkn tanggal 26 Juli 2023.                         RUPS Tahunan
                                                                     • Deed No. 73 of Notary Humberg Lie, SH,                       2028.
                                                                       SE Mkn dated Juli 26th 2023.                            June 27th 2023 –
                                                                                                                              Annual GMS 2028.

  Ku Siew Kuan                   Komisaris Independen                • Akta No. 56 dari Notaris Humberg Lie,                    27 Juni 2023 –
                                 Independent Commissioner              SH, SE Mkn tanggal 13 Juli 2022.                         RUPS Tahunan
                                                                     • Akta No. 73 dari Notaris Humberg Lie,                        2028.
                                                                       SH, SE Mkn tanggal 26 Juli 2023.                        June 27th 2023 –
                                                                     • Deed No. 56 of Notary Humberg Lie, SH,                 Annual GMS 2028.
                                                                       SE Mkn dated July 13th 2022.
                                                                     • Deed No. 73 of Notary Humberg Lie, SH,
                                                                       SE Mkn dated July 26th 2023.

  Ratu Tisha Destria             Komisaris Independen                • Akta No. 56 dari Notaris Humberg Lie,                    27 Juni 2023 –
                                 Independent Commissioner              SH, SE Mkn tanggal 13 Juli 2022.                         RUPS Tahunan
                                                                     • Akta No. 73 dari Notaris Humberg Lie,                        2028.
                                                                       SH, SE Mkn tanggal 26 Juli 2023.                        June 27th 2023 –
                                                                     • Deed No. 56 of Notary Humberg Lie, SH,                 Annual GMS 2028.
                                                                       SE Mkn dated July 13th 2022.
                                                                     • Deed No. 73 of Notary Humberg Lie, SH,
                                                                       SE Mkn dated July 26th 2023.

  Vivi Henny                     Komisaris Independen                • Akta No. 56 dari Notaris Humberg Lie,                    27 Juni 2023 –
                                 Independent Commissioner              SH, SE Mkn tanggal 13 Juli 2022.                         RUPS Tahunan
                                                                     • Akta No. 73 dari Notaris Humberg Lie,                        2028.
                                                                       SH, SE Mkn tanggal 26 Juli 2023.                        June 27th 2023 –
                                                                     • Deed No. 56 of Notary Humberg Lie, SH,                 Annual GMS 2028.
                                                                       SE Mkn dated July 13th 2022.
                                                                     • Deed No. 73 of Notary Humberg Lie, SH,
                                                                       SE Mkn dated July 26th 2023.

1) efektif mengundurkan diri sesuai keputusan RUPS Tahunan pada       1) effectively resigned in accordance with the decision of the Annual GMS on
   tanggal 27 Juni 2023.                                                 June 27 2023.
2) efektif menjabat sesuai keputusan RUPS Tahunan pada tanggal 27     2) effectively serving in accordance with the decision of the Annual GMS on
   Juni 2023.                                                            June 27 2023.




Profil Dewan Komisaris                                                Board of Commissioners Profile
Profil Dewan Komisaris telah diungkapkan pada Bab                     The Board of Commissioners’ profile has been disclosed in
Profil Perusahaan di dalam Laporan Tahunan ini.                       the Company Profile Chapter in this Annual Report.

Tugas dan Wewenang Dewan Komisaris                                    Duties and Authorities of the Board of Commissioners

Tugas Dewan Komisaris                                                 Duties of the Board of Commissioners
Tugas Dewan Komisaris dijelaskan sebagai berikut.                     The duties of the Board of Commissioners are explained as
                                                                      follows.
1. Melakukan pengawasan atas pengelolaan Perseroan                    1. Supervise the management of the Company and
   dan kebijakan pengurusan baik mengenai Perseroan                       management policies both regarding the Company and
   maupun usaha Perseroan.                                                the Company’s business.
2. Memberikan nasihat kepada Direksi.                                 2. Provide advice to the Board of Directors.
3. Memberikan pelaporan tentang tugas dan                             3. Provide reporting on duties and supervision that have
   pengawasan yang telah dilakukan selama tahun                           been carried out during the past financial year to the
   buku yang baru lampau kepada RUPS disertai dengan                      GMS accompanied by suggestions and corrective steps
   saran dan langkah perbaikan yang harus ditempuh                        that must be taken if the Company shows symptoms of
   jika Perseroan menunjukkan gejala kemunduran.                          setbacks.
4. Memberikan saran dan pendapat kepada RUPS                          4. Provide advice and opinions to the GMS regarding the
   mengenai rencana pengembangan Perseroan, serta                         Company’s development plan, as well as suggestions or
   saran atau pendapat mengenai persoalan lainnya                         opinions on other issues that are considered important
   yang dianggap penting bagi pengelolaan Perseroan.                      for the management of the Company.




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      5. Mengesahkan Rencana Kerja dan Anggaran Perseroan                                  5. Ratify the Company’s Work Plan and Budget submitted
         yang disampaikan oleh Direksi.                                                       by the Board of Directors.
      6. Membuat risalah rapat Dewan Komisaris serta                                       6. Make minutes of meetings of the Board of Commissioners
         meneliti dan menelaah Laporan Tahunan yang                                           and research and review the Annual Report prepared by
         disiapkan oleh Direksi.                                                              the Board of Directors.
      7. Dalam rangka mendukung efektivitas pelaksanaan                                    7. In order to support the effectiveness of the
         tugas dan tanggung jawabnya, Dewan Komisaris                                         implementation of its duties and responsibilities,
         wajib membentuk Komite Audit serta Komite                                            the Board of Commissioners must establish an Audit
         Nominasi dan Remunerasi yang bersangkutan                                            Committee and a Nomination and Remuneration
         dengan Perseroan.                                                                    Committee related to the Company.
      8. Dewan Komisaris wajib melakukan evaluasi terhadap                                 8. The Board of Commissioners shall evaluate the
         kinerja komite yang membantu pelaksanaan tugas                                       performance of committees that assist in the
         dan tanggung jawabnya setiap akhir tahun buku.                                       implementation of their duties and responsibilities at
                                                                                              the end of each financial year.
      9. Dalam kondisi tertentu, Dewan Komisaris wajib                                     9. Under certain conditions, the Board of Commissioners
         menyelenggarakan RUPS Luar Biasa apabila Dewan                                       must hold an Extraordinary GMS if the Board of  
         Komisaris melakukan pemberhentian sementara                                          Commissioners suspends a member of the Board of
         kepada anggota Direksi selambat-lambatnya 90 hari                                    Directors no later than 90 days from the dismissal, if
         sejak pemberhentian tersebut, apabila RUPS tersebut                                  the GMS is not held within 90 days, then the temporary  
         tidak diadakan dalam jangka waktu 90 hari, maka                                      dismissal becomes null and void, and the person
         pemberhentian sementara itu menjadi batal demi                                       concerned has the right to re-serve according to his
         hukum, dan yang bersangkutan berhak menjabat                                         original position.
         kembali sesuai jabatannya semula.

      Wewenang Dewan Komisaris                                                             Authority of the Board of Commissioners
      Wewenang Dewan Komisaris diuraikan sebagai berikut.                                  The authority of the Board of Commissioners is described
      1. Memeriksa semua pembukuan, surat dan alat bukti                                   as follows.
         lainnya, memeriksa dan mencocokkan keadaan uang                                   1. Checking all books, letters and other evidence, checking
         kas dan lain-lain serta berhak untuk mengetahui                                       and matching the state of cash and others and the right
         segala tindakan yang telah dijalankan oleh Direksi.                                   to know all actions that have been carried out by the
                                                                                               Board of Directors.
      2. Memasuki bangunan dan halaman atau tempat                                         2. Entering buildings and courtyards or other places that
         lain yang dipergunakan atau yang dikuasai oleh                                        are used or controlled by the Company.
         Perseroan.
      3. Mendapat penjelasan dari Direksi tentang segala                                   3. Receive an explanation from the Board of Directors
         hal yang ditanyakan dan diperlukan oleh Dewan                                        about all matters asked and needed by the Board of
         Komisaris.                                                                           Commissioners.
      4. Memberhentikan untuk sementara seorang atau                                       4. Temporarily dismiss one or more members of the Board
         lebih anggota Direksi, apabila anggota Direksi                                       of Directors, if the member of the Board of Directors acts
         tersebut bertindak bertentangan dengan Anggaran                                      contrary to the Company’s Articles of Association and/
         Dasar Perseroan dan/atau perundang-undangan                                          or applicable laws or harms the purposes and objectives
         yang berlaku atau merugikan maksud dan                                               of the Company or neglects its obligations. This
         tujuan Perseroan atau melalaikan kewajibannya.                                       temporary suspension must be notified by the Board of
         Pemberhentian sementara ini wajib diberitahukan                                      Commissioners to the person concerned along with the
         oleh Dewan Komisaris kepada yang bersangkutan                                        reasons.
         disertai alasannya.

      Independensi Dewan Komisaris                                                         Independence of the Board of Commissioners
      Dewan Komisaris berkomitmen untuk mengedepankan                                      The Board of Commissioners is committed to prioritizing
      sikap independen dalam melaksanakan tugas dan                                        an independent attitude in carrying out its duties and
      tanggung jawabnya, dengan tidak adanya hubungan                                      responsibilities, with no affiliation established between the
      afiliasi yang terjalin antara Dewan Komisaris dengan                                 Board of Commissioners and other members of the Board
      anggota Dewan Komisaris lainnya, Direksi, serta                                      of Commissioners, the Board of Directors, and the Major
      Pemegang Saham Utama dan Pengendali.                                                 and Controlling Shareholders.




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Komisaris Independen                                                        Independent Commissioner
Perseroan telah menunjuk dan mengangkat 3 orang                             The Company has appointed 3 Independent Commissioners
Komisaris Independen yang berpedoman pada                                   based on the Financial Services Authority Regulation No.
Peraturan Otoritas Jasa Keuangan No. 33/POJK.04/2014                        33/POJK.04/2014 concerning the Board of Directors and
tentang Direksi dan Dewan Komisaris Perusahaan Publik                       Board of Commissioners of Public Companies or Issuers,
atau Emiten, dengan syarat jumlah minimal Komisaris                         provided that the minimum number of Independent
Independen perusahaan publik sebesar 30% dari                               Commissioners of public companies is 30% of all members
seluruh anggota Dewan Komisaris. Per Desember 2023,                         of the Board of Commissioners. As of December 2023, the
Perseroan telah memenuhi ketentuan tersebut.                                Company has fulfilled these requirements.

Selain itu, Perseroan memastikan seluruh Komisaris                          In addition, the Company ensures that all Independent
Independen telah memenuhi aspek independensi                                Commissioners have fulfilled the following aspects of
sebagai berikut.                                                            independence.



                          Pernyataan Independensi                                          Ku Siew                Ratu Tisha                  Vivi
                           Independency Statement                                           Kuan                   Destria                   Henny


 Bukan merupakan orang yang bekerja atau mempunyai wewenang dan
 tanggung jawab untuk merencanakan, memimpin, mengendalikan,
 atau mengawasi kegiatan Perseroan dalam waktu 6 bulan terakhir,
 kecuali untuk pengangkatan kembali sebagai Komisaris Independen
 Perseroan pada periode berikutnya.
 Not a person who works or has the authority and responsibility to plan,
 lead, control, or supervise the Company’s activities within the last 6 months,
 except for reappointment as Independent Commissioner of the Company
 in the next period.

 Tidak mempunyai saham, baik langsung maupun tidak langsung pada
 Perseroan.
 Does not have shares, either directly or indirectly in the Company.

 Tidak mempunyai hubungan afiliasi dengan Perseroan, anggota Dewan
 Komisaris, anggota Direksi, atau Pemegang Saham Utama Perseroan.
 Has no affiliation with the Company, members of the Board of
 Commissioners, members of the Board of Directors, or the Company’s
 Major Shareholders.

 Tidak mempunyai hubungan usaha, baik langsung maupun tidak
 langsung, yang berkaitan dengan kegiatan utama Perseroan.
 Does not have a business relationship, either directly or indirectly, related to
 the Company’s main activities.




Pelaksanaan Tugas Dewan Komisaris                                           Implementation of Duties of the Board of Commissioners
Pelaksanaan tugas Dewan Komisaris telah dijalankan                          The implementation of the duties of the Board of
dengan baik dan sesuai pedoman kerja yang berlaku                           Commissioners has been carried out properly and in
selama tahun 2023, sebagai berikut.                                         accordance with the applicable work guidelines during
1. Memberikan saran dan rekomendasi kepada Direksi                          2023, as follows.
   terkait pengelolaan dan pengurusan dalam rapat                           1. Provide advice and recommendations to the Board of
   gabungan bersama Direksi yang telah dilaksanakan                            Directors regarding management and management in
   sebanyak 10 kali.                                                           joint meetings with the Board of Directors which have
                                                                               been carried out as many as 10 times.
2. Melakukan pengawasan atas pengelolaan Perseroan                          2. Supervise the management of the Company and
   dan kebijakan pengurusan baik mengenai Perseroan                            management policies both regarding the Company and
   maupun usaha Perseroan.                                                     the Company’s business.




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      3. Memberikan pelaporan tentang tugas dan                                              3. Provide reporting on duties and supervision that have
         pengawasan yang telah dilakukan selama tahun                                           been carried out during the past financial year to the
         buku yang baru lampau kepada RUPS disertai dengan                                      GMS accompanied by suggestions and corrective steps
         saran dan langkah perbaikan yang harus ditempuh                                        that must be taken if the Company shows symptoms of
         jika Perseroan menunjukkan gejala kemunduran.                                          setbacks.
      4. Memberikan saran dan pendapat kepada RUPS                                           4. Provide advice and opinions to the GMS regarding the
         mengenai rencana pengembangan Perseroan, serta                                         Company’s development plan, as well as suggestions or
         saran atau pendapat mengenai persoalan lainnya                                         opinions on other issues that are considered important
         yang dianggap penting bagi pengelolaan Perseroan.                                      for the management of the Company.
      5. Mengesahkan Rencana Kerja dan Anggaran Perseroan                                    5. Ratify the Company’s Work Plan and Budget submitted
         yang disampaikan oleh Direksi.                                                         by the Board of Directors.
      6. Dewan Komisaris membentuk Komite Audit dan                                          6. The Board of Commissioners establishes an Audit
         menjalankan Fungsi Nominasi dan Remunerasi yang                                        Committee and carries out the nomination and
         bersangkutan dengan Perseroan.                                                         remuneration functions related to the Company.
      7. Melakukan evaluasi terhadap kinerja komite yang                                     7. Conduct an evaluation of the performance of the
         membantu pelaksanaan tugas dan tanggung                                                committee that assists in the implementation of its
         jawabnya setiap akhir tahun buku.                                                      duties and responsibilities at the end of each financial
                                                                                                year.

      Rapat Dewan Komisaris                                                                  Board of Commissioners Meeting

      Kebijakan Rapat                                                                        Meeting Policies
      Dewan Komisaris diwajibkan melaksanakan rapat                                          The Board of Commissioners is required to hold internal
      internal minimal 1 kali dalam 2 bulan, dan dapat                                       meetings at least 1 time in 2 months, and can hold joint
      melaksanakan rapat gabungan bersama Direksi minimal                                    meetings with the Board of Directors at least 1 time in 4
      1 kali dalam 4 bulan. Per Desember 2023, Dewan                                         months. As of December 2023, the Board of Commissioners
      Komisaris telah melaksanakan rapat internal sebanyak 4                                 has held 4 times, as well as joint meetings with the Board
      kali, serta rapat gabungan bersama Direksi sebanyak 10                                 of Directors as many as 10 times, with attendance rates as
      kali, dengan tingkat kehadiran sebagai berikut.                                        follows.

      Pelaksanaan Rapat Dewan Komisaris                                                      Implementation of Board of Commissioners Meeting


                                                                               Rapat Internal Dewan Komisaris                     Rapat Gabungan Direksi
                                                                                 Internal Meeting of Board of                   Joint Meeting of the Board of
                                                                                       Commissioners                                     Directors
                 Nama                            Jabatan
                 Name                            Position                    Total                         Tingkat          Total                         Tingkat
                                                                             Rapat        Kehadiran       Kehadiran         Rapat        Kehadiran       Kehadiran
                                                                             Total        Attendance      Attendance        Total        Attendance      Attendance
                                                                            Meeting                          Rate          Meeting                          Rate

        Hartono Tjahjadi              Komisaris Utama
        Adiwana                       President Commissioner                     4             4           100,00%             10             10           100,00%

        Rahmat Adi Sutikno            Wakil Komisaris Utama
        Halim1)                       Vice President Commissioner                2             2           100,00%             5              4            80,00%

        Josephine Sukmadewi           Komisaris
        Karjadi2)                     Commissioner                               2             2           100,00%             5              4            80,00%

        Ku Siew Kuan                  Komisaris Independen
                                      Independent Commissioner                   4             4           100,00%             10             10           100,00%

        Ratu Tisha Destria            Komisaris Independen
                                      Independent Commissioner                   4             4           100,00%             10             5            50,00%

        Vivi Henny                    Komisaris Independen
                                      Independent Commissioner                   4             4           100,00%             10             10           100,00%


      1) efektif mengundurkan diri sesuai keputusan RUPS Tahunan pada                        1) effectively resigned in accordance with the decision of the Annual GMS on
         tanggal 27 Juni 2023.                                                                  June 27 2023.
      2) efektif menjabat sesuai keputusan RUPS Tahunan pada tanggal 27                      2) effectively serving in accordance with the decision of the Annual GMS on
         Juni 2023.                                                                             June 27 2023.




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Peningkatan Kompetensi                                      Competency Improvement
Perseroan memberikan kesempatan yang setara kepada          The Company provides equal opportunities to all
seluruh anggota Dewan Komisaris untuk mengikuti             members of the Board of Commissioners to participate in
berbagai kegiatan pengembangan kompetensi guna              various competency development activities to maximize
memaksimalkan fungsi, tugas, dan tanggung jawab,            functions, duties, and responsibilities, as well as broaden
serta memperluas wawasan terkait aktivitas bisnis           horizons related to business activities carried out. In 2023,
yang dijalankan. Di tahun 2023, anggota Dewan               members of the Board of Commissioners have carried out
Komisaris telah melaksanakan kegiatan pengembangan          competency development activities independently through
kompetensi secara mandiri melalui buku, media digital,      books, digital media, seminars, workshops, and others.
seminar, workshop, dan lainnya.

Direksi                                                     Board of Director

Direksi merupakan organ utama Perseroan yang                The Board of Directors is the main organ of the Company
menjalankan tanggung jawab terkait pengelolaan dan          that carries out responsibilities related to the management
pengurusan Perseroan, baik pada aspek operasional           and management of the Company, both in operational
ataupun keuangan. Selain itu, Direksi harus senantiasa      and financial aspects. In addition, the Board of Directors
memastikan proses bisnis Perseroan memenuhi                 must always ensure that the Company’s business processes
ketentuan dan peraturan perundang-undangan yang             comply with applicable laws and regulations, ensure
berlaku, memastikan keuntungan yang seimbang, serta         balanced profits, and avoid various business risks.
menghindari berbagai risiko bisnis.

Pedoman Kerja Direksi                                       Board of Directors Work Guidelines
Direksi menjalankan tugas dan tanggung jawab merujuk        The Board of Directors carries out duties and responsibilities
pada Piagam Dewan Komisaris dan Direksi yang telah          referring to the Charter of the Board of Commissioners and
diperbarui pada tanggal 5 Oktober 2022, dan telah           Board of Directors which has been updated on October
disesuaikan dengan Peraturan Otoritas Jasa Keuangan         5, 2022, and has been adjusted to the Financial Services
No. 33/POJK.04/2014 tanggal 8 Desember 2014 tentang         Authority Regulation No. 33/POJK.04/2014 on December
Direksi dan Dewan Komisaris Emiten atau Perusahaan          8, 2014 concerning the Board of Directors and Board of
Publik. Pedoman tersebut menjadi acuan bagi anggota         Commissioners of Issuers or Public Companies. The guidelines
Direksi dalam melaksanakan tugas dan tanggung               become a reference for members of the Board of Directors in
jawabnya agar terlaksana dengan baik dan efektif.           carrying out their duties and responsibilities so that they are
                                                            carried out properly and effectively.

Pengangkatan dan Masa Jabatan Direksi                       Appointment and Term of Office of the Board of
                                                            Directors
Pengangkatan dan pemberhentian Direksi dilaksanakan         The appointment and dismissal of the Board of Directors
berdasarkan keputusan RUPS Tahunan, dengan masa             shall be carried out based on the decision of the Annual
jabatan 5 tahun dan dapat dipilih kembali untuk periode     GMS, with a term of office of 5 years and may be re-elected
berikutnya.                                                 for the next term.

Susunan Direksi                                             Composition of the Board of Directors
Perseroan mempunyai 7 orang anggota Direksi, yaitu          The Company has 7 members of the Board of Directors,
1 Direktur Utama dan 6 Direktur selama tahun 2023.          which are 1 President Director and 6 Directors during 2023.
Informasi terkait susunan Direksi diungkapkan pada          Information related to the composition of the Board of
tabel berikut.                                              Directors is disclosed in the following table.



           Nama                            Jabatan                   Dasar Pengangkatan                                Masa Tugas
           Name                            Position                  Basis of Appointment                             Service Period


  Wiradi                        Direktur Utama             • Akta No. 56 dari Notaris Humberg Lie,                    27 Juni 2023 –
                                President Director           SH, SE Mkn tanggal 13 Juli 2022.                         RUPS Tahunan
                                                           • Akta No. 73 dari Notaris Humberg Lie,                        2028.
                                                             SH, SE Mkn tanggal 26 Juli 2023.                        June 27th 2023 –
                                                           • Deed No. 56 of Notary Humberg Lie, SH,                 Annual GMS 2028.
                                                             SE Mkn dated July 13th 2022.
                                                           • Deed No. 73 of Notary Humberg Lie, SH,
                                                             SE Mkn dated July 26th 2022.




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            Performance Glimpses                                                   Management Reports                                              Company Profile




                     Nama                                     Jabatan                               Dasar Pengangkatan                           Masa Tugas
                     Name                                     Position                              Basis of Appointment                        Service Period


        Dedy Djafarli                           Direktur Keuangan &                       • Akta No. 56 dari Notaris Humberg Lie,               27 Juni 2023 –
                                                Teknologi Informasi                         SH, SE Mkn tanggal 13 Juli 2022.                    RUPS Tahunan
                                                Director of Finance &                     • Akta No. 73 dari Notaris Humberg Lie,                   2028.
                                                Information technology                      SH, SE Mkn tanggal 26 Juli 2023.                   June 27th 2023 –
                                                                                          • Deed No. 56 of Notary Humberg Lie, SH,            Annual GMS 2028.
                                                                                            SE Mkn dated July 13th 2023.
                                                                                          • Deed No. 73 of Notary Humberg Lie, SH,
                                                                                            SE Mkn dated July 26th 2023.

        Josephine Sukmadewi                     Direktur Pengembangan                     • Akta No. 56 dari Notaris Humberg Lie,              24 Juni 2022 –
        Karjadi1)                               Usaha & Marketing                           SH, SE Mkn tanggal 13 Juli 2022.                   RUPS Tahunan
                                                Director of Business                      • Deed No. 56 of Notary Humberg Lie, SH,                 2027.
                                                Development & Marketing                     SE Mkn dated July 13th 2022.                      June 24th 2022 –
                                                                                                                                              Annual GNS 2027.

        FA Tri Agus Winarko2)                   Direktur Retail Sales & Logistic          • Akta No. 73 dari Notaris Humberg Lie,               27 Juni 2023 –
                                                Director of Retail Sales &                  SH, SE Mkn tanggal 26 Juli 2023.                    RUPS Tahunan
                                                Logistic                                  • Deed No. 73 of Notary Humberg Lie, SH,                  2028.
                                                                                            SE Mkn dated July 26th 2023.                       June 27th 2023 –
                                                                                                                                              Annual GMS 2028.

        Lenny Susilawaty Jamadi                 Direktur Wholesales                       • Akta No. 56 dari Notaris Humberg Lie,               27 Juni 2023 –
                                                Director of Wholesales                      SH, SE Mkn tanggal 13 Juli 2022.                    RUPS Tahunan
                                                                                          • Akta No. 73 dari Notaris Humberg Lie,                   2028.
                                                                                            SH, SE Mkn tanggal 26 Juli 2023.                   June 27th 2023 –
                                                                                          • Deed No. 56 of Notary Humberg Lie, SH,            Annual GMS 2028.
                                                                                            SE Mkn dated July 13th 2022.
                                                                                          • Deed No. 73 of Notary Humberg Lie, SH,
                                                                                            SE Mkn dated July 26th 2023.

        Lyvia Mariana                           Direktur Produk, Supply                   • Akta No. 56 dari Notaris Humberg Lie,               27 Juni 2023 –
                                                & Demand Planning, and                      SH, SE Mkn tanggal 13 Juli 2022.                    RUPS Tahunan
                                                Marketing                                 • Akta No. 73 dari Notaris Humberg Lie,                   2028.
                                                Director of Product, Supply                 SH, SE Mkn tanggal 26 Juli 2023.                   June 27th 2023 –
                                                & Demand Planning, and                    • Deed No. 56 of Notary Humberg Lie, SH,            Annual GMS 2028.
                                                Marketing                                   SE Mkn dated July 13th 2022.
                                                                                          • Deed No. 73 of Notary Humberg Lie, SH,
                                                                                            SE Mkn dated July 26th 2023.

        Roland Hutapea                          Direktur Human Resources,                 • Akta No. 56 dari Notaris Humberg Lie,               27 Juni 2023 –
                                                General Affairs, and After Sales            SH, SE Mkn tanggal 13 Juli 2022.                    RUPS Tahunan
                                                Director of Human Resources,              • Akta No. 73 dari Notaris Humberg Lie,                   2028.
                                                General Affairs, and After Sales            SH, SE Mkn tanggal 26 Juli 2023.                   June 27th 2023 –
                                                                                          • Deed No. 56 of Notary Humberg Lie, SH,            Annual GMS 2028.
                                                                                            SE Mkn dated July 13th 2022.
                                                                                          • Deed No. 73 of Notary Humberg Lie, SH,
                                                                                            SE Mkn dated July 26th 2023.

        Widi Satya Chitra                       Direktur Business                         • Akta No. 56 dari Notaris Humberg Lie,               27 Juni 2023 –
                                                Development, Legal &                        SH, SE Mkn tanggal 13 Juli 2022.                    RUPS Tahunan
                                                Corporate Secretary                       • Akta No. 73 dari Notaris Humberg Lie,                   2028.
                                                Director of Business                        SH, SE Mkn tanggal 27 Juli 2023.                   June 27th 2023 –
                                                Development, Legal &                      • Deed No. 56 of Notary Humberg Lie, SH,            Annual GMS 2028.
                                                Corporate Secretary                         SE Mkn dated July 13th 2023.
                                                                                          • Deed No. 73 of Notary Humberg Lie, SH,
                                                                                            SE Mkn dated July 26th 2023.


      1) efektif mengundurkan diri sesuai keputusan RUPS Tahunan pada                      1) effectively resigned in accordance with the decision of the Annual GMS on
         tanggal 27 Juni 2023.                                                                June 27 2023.
      2) efektif menjabat sesuai keputusan RUPS Tahunan pada tanggal 27                    2) effectively serving in accordance with the decision of the Annual GMS on
         Juni 2023.                                                                           June 27 2023.




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    Management Discussion And Analysis                   Good Corporate Governance                                       Sustainability Report




Profil Direksi                                                    Board of Directors Profile
Profil Direksi telah diungkapkan pada Bab Profil                  The Board of Directors’ Profile has been disclosed in the
Perusahaan di dalam Laporan Tahunan ini.                          Company Profile Chapter of this Annual Report.

Tugas dan Wewenang Direksi                                        Duties and Authorities of the Board of Directors
Tugas dan tanggung jawab, serta wewenang Direksi                  The duties and responsibilities, as well as the authority of
dijelaskan sebagai berikut.                                       the Board of Directors are explained as follows.
1. Melaksanakan tugas untuk kepentingan Perseroan.                1. Carry out duties for the benefit of the Company.
2. Melaksanakan tugas dengan itikad baik dan penuh                2. Perform duties in good faith and responsibly.
   tanggung jawab.
3. Mewakili Perseroan di dalam dan di luar pengadilan             3. Representing the Company in and out of court on
   tentang segala hal dan dalam segala jenis kejadian,               all matters and in all types of events, binding the
   mengikat Perseroan dengan pihak lain dan pihak                    Company with other parties and other parties with the
   lain dengan Perseroan, serta menjalankan segala                   Company, and carrying out all actions both regarding
   tindakan baik mengenai kepengurusan maupun                        management and ownership.
   kepemilikan.
4. Meminta persetujuan RUPS dalam melakukan                       4. Request the approval of the GMS in conducting several
   beberapa hal yang berkaitan dengan keuangan                       matters related to company finances and legal actions.
   perusahaan dan perbuatan hukum.
5. Menjalankan perbuatan hukum berupa transaksi                   5. Carrying out legal actions in the form of transactions
   yang memuat benturan kepentingan antara                           that contain conflicts of interest between the personal
   kepentingan ekonomis pribadi anggota Direksi,                     economic interests of members of the Board of Directors,
   Dewan Komisaris, atau Pemegang Saham Utama,                       the Board of Commissioners, or Major Shareholders,
   dengan kepentingan ekonomis Perseroan sesuai                      and the Company’s economic interests in accordance
   dengan Peraturan Otoritas Jasa Keuangan.                          with the Financial Services Authority Regulations.
6. Mewakili anggota Direksi yang memiliki benturan                6. Representing members of the Board of Directors who
   kepentingan dengan kepentingan Perseroan yang                     have a conflict of interest with the interests of the
   bertentangan dengan kepentingan pribadi seorang                   Company that conflict with the personal interests of a
   anggota Direksi.                                                  member of the Board of Directors.
7. Mengangkat seorang atau lebih sebagai wakil atau               7. Appoint one or more as his deputy or power of attorney on
   kuasanya dengan syarat yang telah ditentukan dalam                the conditions specified in the special power of attorney,
   surat kuasa khusus, dan harus dilaksanakan sesuai                 and shall be executed in accordance with the provisions
   dengan ketentuan Anggaran Dasar.                                  of the Articles of Association.
8. Memiliki hak dan wewenang bertindak untuk dan                  8. Has the right and authority to act for and on behalf of the
   atas nama Direksi mewakili Perseroan, yang dapat                  Board of Directors on behalf of the Company, which can
   digantikan oleh anggota Direksi lainnya apabila                   be replaced by other members of the Board of Directors if
   Direktur Utama tidak dapat hadir.                                 the President Director is unable to attend.
9. Apabila tidak terdapat Direktur Utama, maka segala             9. If there is no President Director, then all duties and
   tugas dan wewenang yang diberikan dilaksanakan                    authorities given are carried out by members of the
   oleh anggota Direksi yang ditunjuk dalam rapat                    Board of Directors appointed at the meeting of the
   Direksi Perseroan.                                                Company’s Board of Directors.

Ruang Lingkup Pekerjaan, Tugas, dan Tanggung                      Scope of Work, Duties, and Responsibilities of Each
Jawab Masing-Masing Anggota Direksi                               Member of the Board of Directors
Guna mengefektifkan tugas dan tanggung jawab,                     In order to streamline their duties and responsibilities, the
Perseroan menetapkan tugas masing-masing anggota                  Company determines the duties of each member of the
Direksi sebagai berikut.                                          Board of Directors as follows.



     Nama                   Jabatan                                    Tugas dan Tanggung Jawab
     Name                   Position                                    Duties and Responsibilities


 Wiradi             Direktur Utama       • Memimpin dan memastikan tercapainya sasaran sesuai dengan maksud dan tujuan, visi, misi,
                    President Director     serta rencana jangka panjang Perseroan.
                                         • Mengawasi jalannya kegiatan operasional, melakukan koordinasi dengan Direksi dan
                                           memberikan pertanggungjawaban atas kegiatan kepengurusan yang dilakukan Direksi
                                           kepada RUPS.
                                         • Leading and ensure the achievement of targets in accordance with the aims and objectives, vision,
                                           mission, and long-term plans of the Company.
                                         • Monitoring thecourse of operational activities, coordinating with the Board of Directors and
                                           providing accountability for management activities carried out by the Board of Directors to the
                                           GMS.




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            Performance Glimpses                                                   Management Reports                                                 Company Profile




              Nama                        Jabatan                                                 Tugas dan Tanggung Jawab
              Name                        Position                                                 Duties and Responsibilities


        Dedy Djafarli            Direktur Keuangan &               Mengawasi dan bertanggung jawab terhadap manajemen keuangan dalam hal keseimbangan
                                 Teknologi Informasi               arus kas, penggunaan dana, investasi, pengadaan dana, pengelolaan aset dan anggaran,
                                 Director of Finance &             mengawasi kegiatan akuntasi Perseroan, serta mengawasi semua fungsi teknologi informatika
                                 information Technology            Perseroan termasuk mengelola operasi teknologi dan penerapan sistem dan kebijakan
                                                                   teknologi informatika yang baru.
                                                                   Supervise and be responsible for financial management in terms of cash flow balance, use of funds,
                                                                   investments, procurement of funds, asset and budget management, supervising the Company’s
                                                                   accounting activities, and supervising all functions of the Company’s informatics technology
                                                                   including managing technology operations and implementing new information technology systems
                                                                   and policies.

        FA Tri Agus              Direktur Retail Sales &           • Menyusun strategi untuk mencapai target penjualan, baik di offline store maupun penjualan
        Winarko                  Logistic                            online melalui eci.id.
                                 Director of Retail Sales &        • Menyusun rencana target penjualan tahunan sesuai dengan rencana pengembangan serta
                                 Logistic                            strategi yang ditetapkan oleh Direktur Utama.
                                                                   • Mengelola dan mengontrol implementasi atas strategi dalam mencapai target sesuai dengan
                                                                     satuan operasional prosedur (SOP) yang telah ditetapkan.
                                                                   • Melakukan evaluasi terhadap kinerja karyawan untuk meningkatkan produktivitas kerja.
                                                                   • Melakukan evaluasi bisnis setiap cabang store, serta mengambil langkah untuk
                                                                     mengembangkan ataupun menghindari kerugian perusahaan.
                                                                   • Develop strategies to achieve sales targets, both in offline stores and online sales through eci.id.
                                                                   • Prepare an annual sales target plan in accordance with the development plan and strategy set by
                                                                     the President Director.
                                                                   • Manage and control the implementation of strategies in achieving targets in accordance with
                                                                     established operational procedures (SOPs).
                                                                   • Evaluate employee performance to increase work productivity.
                                                                   • Evaluate the business of each store branch, and take steps to develop or avoid company losses.

        Lenny Susilawaty         Direktur Wholesales               Bertanggung jawab terhadap penginputan segala aktivitas ke sistem yang berhubungan
        Jamadi                   Director of Wholesales            dengan jual beli untuk mendukung kelancaran penjualan dan mencapai target, pengadaan
                                                                   (availability) barang, yaitu analisa dan identifikasi produk baru, memastikan ketepatan waktu
                                                                   pengiriman/pengadaan barang dari vendor, serta membuat strategi dan memastikan eksekusi
                                                                   penjualan.
                                                                   Responsible for inputting all activities into systems related to buying and selling to support smooth
                                                                   sales and achieve targets, procurement (availability) of goods, such as implementing analysis and
                                                                   identification of new products, ensuring the timeliness of delivery/procurement of goods from
                                                                   vendors, as well as making strategies and ensuring sales execution.

        Lyvia Mariana            Direktur Produk, Supply           • Bertanggung jawab dalam pemilihan barang yang tepat, penentuan harga jual & promo,
                                 & Demand Planning, and              analisa keefektifan promo, level inventory yang cukup untuk kebutuhan penjualan.
                                 Marketing                         • Bertanggung jawab atas   kegiatan pemasaran termasuk kegiatan promosi untuk
                                 Director of Product, Supply         meningkatkan brand awareness Electronic City menjadi yang utama di mata pelanggan dan
                                 & Demand Planning, and              melaksanakan kegiatan untuk menarik perhatian pelanggan agar berkunjung ke toko melalui
                                 Marketing                           berbagai program promosi dan event.
                                                                   • Responsible for the selection of the right goods, determining the selling & promo price, analyzing
                                                                     the effectiveness of the promo, the level of inventory sufficient for sales needs.
                                                                   • Responsible for marketing activities including promotional activities to further make the electronic
                                                                     city brand the main one in the eyes of customers for electronic products and how to create
                                                                     interesting activities for customers to come into the store with attractive promotional programs
                                                                     and events.

        Roland Hutapea           Direktur Human Resources,         • Merancang dan dan mengimplementasikan strategi pengembangan sumber daya manusia
                                 General Affairs, and After          yang sesuai dengan tujuan dan kebijakan perusahaan.
                                 Sales                             • Merumuskan dan monitoring pengelolaan anggaran Departemen General Affairs dengan
                                 Director of Human                   bijak dan efisien sesuai dengan strategi perusahaan.
                                 Resources, General Affairs,       • Mengoordinasikan perbaikan, pemeliharaan, dan pelayanan purna jual untuk produk atau
                                 and After Sales                     layanan perusahaan.
                                                                   • Melakukan perencanaan, monitoring dan pemantauan, kinerja produk atau layanan untuk
                                                                     memastikan bahwa mereka berfungsi sesuai dengan spesifikasi dan standar yang ditetapkan.
                                                                   • Design and implement human resource development strategies in accordance with the company’s
                                                                     goals and policies.
                                                                   • Formulate and monitor the budget management of the General Affairs Department wisely and
                                                                     efficiently in accordance with the company’s strategy.
                                                                   • Coordinate repairs, maintenance, and after-sales service for the company’s products or services.
                                                                   • Carry out planning, monitoring and monitoring, the performance of products or services to ensure
                                                                     that they function in accordance with established specifications and standards.




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    Management Discussion And Analysis                       Good Corporate Governance                                       Sustainability Report




      Nama                  Jabatan                                        Tugas dan Tanggung Jawab
      Name                  Position                                        Duties and Responsibilities

 Widi Satya Chitra   Direktur Business      • Memastikan dan bertanggung jawab dalam bidang pengembangan usaha yang meliputi
                     Development, Legal &     pengelolaan kegiatan investasi pengembangan toko-toko yang dilakukan oleh Perseroan
                     Corporate Secretary      dengan memanfaatkan potensi sumber daya Perseroan, Entitas Anak, atau bekerja sama
                     Director of Business     dengan mitra usaha.
                     Development, Legal &   • Bertanggung jawab atas segala permasalahan hukum, perjanjian, perizinan Perseroan, dan
                     Corporate Secretary      mengawasi masalah operasional umum Perseroan.
                                            • Ensuring and responsible in the field of business development which includes the management
                                              of investment activities for the development of stores carried out by the Company by utilizing the
                                              potential resources of the Company itself, Subsidiaries, or in collaboration with business partners.
                                            • Responsible for all legal issues, agreements, permits of the Company and supervising the
                                              Company’s general operational matters.




Independensi                                                          Independence
Direksi berkomitmen untuk mengedepankan sikap                         The Board of Directors is committed to prioritizing an
independen dalam melaksanakan tugas dan tanggung                      independent attitude in carrying out its duties and
jawabnya, dengan tidak adanya hubungan afiliasi                       responsibilities, with no affiliation relationship established
yang terjalin antara Direksi dengan anggota Dewan                     between the Board of Directors and members of the Board
Komisaris, anggota Direksi lainnya, serta Pemegang                    of Commissioners, other members of the Board of Directors,
Saham Utama ataupun Pengendali.                                       and Major or Controlling Shareholders.

Pelaksanaan Tugas Direksi                                             Implementation of Duties of the Board of Directors
Direksi telah melaksanakan tugas dan tanggung                         The Board of Directors has carried out its duties and
jawab dengan baik dan sesuai dengan pedoman kerja                     responsibilities properly and in accordance with the
yang berlaku sebagai berikut.                                         applicable work guidelines as follows.
1. Menyampaikan perkembangan kinerja operasional                      1. Convey the development of operational performance and
   dan kinerja keuangan kepada Dewan Komisaris                           financial performance to the Board of Commissioners
   dan meminta pandangan, saran, serta rekomendasi                       and ask for views, suggestions, and recommendations
   terhadap pengelolaan dan pengurusan Perseroan                         on the management and management of the Company
   ke depannya dan menentukan kebijakan terkait                          in the future and determinepolicies related to conflicts
   benturan kepentingan di dalam perusahaan. Hal                         of interest within the company. This was carried out in a
   tersebut dilaksanakan dalam rapat gabungan                            joint meeting with the Board of Commissioners as many
   bersama Dewan Komisaris sebanyak 10 kali.                             as 10 times.
2. Bekerja sama dengan Unit Audit Internal untuk                      2. Cooperate with the Internal Audit Unit to implement
   menerapkan dan mengevaluasi penerapan sistem                          and evaluate the implementation of the internal
   pengendalian internal dan sistem manajemen                            control system and risk management system, as well
   risiko, serta menyampaikan laporannya kepada                          as submit its report to the Board of Commissioners.
   Dewan Komisaris.
3. Menyelenggarakan RUPS Tahunan dan RUPS                             3. Organizing annual GMS and extraordinary GMS
   Luar Biasa sesuai dengan ketentuan peraturan                          in accordance with the provisions of laws and
   perundang-undangan dan Anggaran Dasar.                                regulations and articles of association.
4. Melakukan evaluasi terhadap kinerja Sekretaris                     4. Evaluate the performance of the Corporate Secretary
   Perusahaan dan Unit Audit Internal setiap akhir                       and Internal Audit Unit at the end of each financial
   tahun buku.                                                           year.
5. Melaksanakan seluruh tugas dengan itikad baik,                     5. Perform all duties in good faith, full of responsibility,
   penuh tanggung jawab, dan kehati-hatian.                              and prudence.

Rapat Direksi                                                         Board of Directors Meeting

Kebijakan Rapat                                                       Meeting Policies
Direksi wajib melaksanakan rapat internal minimal 1                   The Board of Directors must hold internal meetings at least
kali dalam 1 bulan, serta mengadakan rapat gabungan                   1 time in 1 month, and hold joint meetings with the Board
bersama Dewan Komisaris minimal 1 kali dalam 4                        of Commissioners at least 1 time in 4 months. In 2023, the
bulan. Pada tahun 2023, Direksi telah melaksanakan                    Board of Directors has held as many meetings as 12 times,
rapat sebanyak 12 kali, serta rapat gabungan dengan                   as well as joint meetings with the Board of Commissioners
Dewan Komisaris sebanyak 10 kali, dengan tingkat                      as many as 10 times, with attendance rates as follows.
kehadiran sebagai berikut.




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            Performance Glimpses                                                     Management Reports                                               Company Profile




      Pelaksanaan Rapat Direksi                                                              Implementation of Board of Directors Meeting


                                                                                      Rapat Internal Direksi                  Rapat Gabungan Dewan Komisaris
                                                                                      Internal Meeting of the                        Joint Meeting of the
                                                                                        Board of Directors                         Board of Commissioners
               Nama                             Jabatan
               Name                             Position                      Total                        Tingkat           Total                          Tingkat
                                                                              Rapat        Kehadiran      Kehadiran          Rapat        Kehadiran        Kehadiran
                                                                              Total        Attendance     Attendance         Total        Attendance       Attendance
                                                                             Meeting                         Rate           Meeting                           Rate

        Wiradi                    Direktur Utama
                                  President Director                             12            12           100,00%            10             10            100,00%

        Dedy Djafarli             Direktur Keuangan & Teknologi
                                  Informasi
                                  Director of Finance & Information              12            12           100,00%            10             10            100,00%
                                  Technology

        Josephine                 Direktur Pengembangan Usaha &
        Sukmadewi                 Marketing
        Karjadi1)                 Director of Business Development               6              6           100,00%            5               3             60,00%
                                  & Marketing

        FA Tri Agus               Direktur Retail Sales & Logistic
        Winarko2)                 Director of Retail Sales & Logistic            6              6           100,00%            5               5            100,00%

        Lenny Susilawaty          Direktur Wholesales
        Jamadi                    Director of Wholesales                         12            12           100,00%            10             10            100,00%

        Lyvia Mariana             Direktur Produk, Supply &
                                  Demand Planning, and Marketing
                                  Director of Product, Supply &                  12            12           100,00%            10              9             90,00%
                                  Demand Planning, and Marketing

        Roland Hutapea            Direktur Human Resources,
                                  General Affairs, and After Sales
                                  Director of Human Resources,                   12            12           100,00%            10             10            100,00%
                                  General Affairs, and After Sales

        Widi Satya Chitra         Direktur Business Development,
                                  Legal & Corporate Secretary
                                  Director of Business Development,              12            12           100,00%            10              9             90,00%
                                  Legal & Corporate Secretary


      1) efektif mengundurkan diri sesuai keputusan RUPS Tahunan pada                        1) effectively resigned in accordance with the decision of the Annual GMS on
         tanggal 27 Juni 2023.                                                                  June 27 2023.
      2) efektif menjabat sesuai keputusan RUPS Tahunan pada tanggal 27                      2) effectively serving in accordance with the decision of the Annual GMS on
         Juni 2023.                                                                             June 27 2023.




      Peningkatan Kompetensi                                                                 Competency Improvement

      Perseroan memberikan kesempatan yang setara                                            The Company provides equal opportunities to all
      kepada seluruh anggota Direksi untuk mengikuti                                         members of the Board of Directors to participate in various
      berbagai kegiatan pengembangan kompetensi guna                                         competency development activities to maximize functions,
      memaksimalkan fungsi, tugas, dan tanggung jawab,                                       duties, and responsibilities, as well as broaden horizons
      serta memperluas wawasan terkait aktivitas bisnis yang                                 related to business activities carried out. In 2023, members
      dijalankan. Di tahun 2023, anggota Direksi mengikuti                                   of the Board of Directors will participate in various
      berbagai kegiatan pengembangan kompetensi, baik                                        competency development activities, both organized
      yang diselenggarakan oleh internal ataupun eksternal                                   internally and externally by the Company as follows.
      Perseroan sebagai berikut.


                                                                                                                       Tempat/Sarana dan
                 Nama                     Jabatan                                Topik Pelatihan                         Waktu Pelatihan             Penyelenggara
                 Name                     Position                               Training Topics                          Training Place/              Organizer
                                                                                                                        Facilities and Time


        Wiradi                    Direktur Utama                Webinar Memperkuat Ketahanan Nasional di                Zoom, 22 May 2023          Otoritas Jasa
                                  President Director            Industri Jasa Keuangan                                                             Keuangan
                                                                Webinar on Strengthening National Resilience in                                    Financial Services
                                                                the Financial Services Industry                                                    Authority




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   Analisis Dan Pembahasan Manajemen                              Tata Kelola Perusahaan                                         Laporan Keberlanjutan
   Management Discussion And Analysis                             Good Corporate Governance                                      Sustainability Report




                                                                                                      Tempat/Sarana dan
       Nama                 Jabatan                           Topik Pelatihan                           Waktu Pelatihan               Penyelenggara
       Name                 Position                          Training Topics                            Training Place/                Organizer
                                                                                                       Facilities and Time


Dedy Djafarli       Direktur Keuangan &        Outlook Industri Jasa Keuangan di Tahun 2023          Zoom, 10 January              Otoritas Jasa
                    Teknologi Informasi        Financial Services Industry Outlook in 2023           2023                          Keuangan
                    Director of Finance                                                                                            Financial Services
                    & Information                                                                                                  Authority
                    Technology
                                               Tren Perbankan di Tahun 2023                          Zoom, 17 January              Otoritas Jasa
                                               Banking Trends in 2023                                2023                          Keuangan
                                                                                                                                   Financial Services
                                                                                                                                   Authority

                                               Implementasi Artificial Intelligence di Industri      Zoom, 2 February              Otoritas Jasa
                                               Jasa Keuangan                                         2023                          Keuangan
                                               Implementation of Artificial Intelligence in the                                    Financial Services
                                               Financial Services Industry                                                         Authority

                                               Memperkuat Literasi dan Inklusi Keuangan              Zoom, 16 February             Otoritas Jasa
                                               Syariah                                               2023                          Keuangan
                                               Strengthening Sharia Financial Literacy and                                         Financial Services
                                               Inclusion                                                                           Authority

                                               The Role of GRC in Supporting Financial Sector        Zoom, 23 February             Otoritas Jasa
                                               Performance                                           2023                          Keuangan
                                                                                                                                   Financial Services
                                                                                                                                   Authority

                                               Fundamental of Wealth Management                      Zoom, 16 May 2023             Otoritas Jasa
                                                                                                                                   Keuangan
                                                                                                                                   Financial Services
                                                                                                                                   Authority

                                               Webinar Memperkuat Ketahanan Nasional di              Zoom, 22 May 2023             Otoritas Jasa
                                               Industri Jasa Keuangan                                                              Keuangan
                                               Webinar on Strengthening National Resilience in                                     Financial Services
                                               the Financial Services Industry                                                     Authority

                                               Membangun Keyakinan Nasabah Aset Digital              Zoom, 30 May 2023             Otoritas Jasa
                                               Dari Risiko Siber                                                                   Keuangan
                                               Building Digital Asset Customer Confidence from                                     Financial Services
                                               Cyber Risk                                                                          Authority

Josephine           Direktur                   Idea Talks Volume 3 - Scalling Up SMEs Through        Zoom, 9 February              Otoritas Jasa
Sukmadewi           Pengembangan Usaha         Digitalization and Social Function                    2023                          Keuangan
Karjadi1)           & Marketing                                                                                                    Financial Services
                    Director of Business                                                                                           Authority
                    Development &
                    Marketing

FA Tri Agus         Direktur Retail Sales &    Belum mengikuti kegiatan peningkatan kompetensi.
Winarko HS 2)       Logistic                   Have not participated in competency improvement activities.
                    Director of Retail Sales
                    & Logistic

Lenny Susilawaty    Direktur Wholesales        Belum mengikuti kegiatan peningkatan kompetensi.
Jamadi              Director of Wholesales     Have not participated in competency improvement activities.


Lyvia Mariana       Direktur Produk,           Webinar Memperkuat Ketahanan Nasional di              Zoom, 22 May 2023             Otoritas Jasa
                    Supply & Demand            Industri Jasa Keuangan                                                              Keuangan
                    Planning, and              Webinar on Strengthening National Resilience in                                     Financial Services
                    Marketing                  the Financial Services Industry                                                     Authority
                    Director of Product,
                    Supply & Demand
                    Planning, and
                    Marketing

Roland Hutapea      Direktur Human             Webinar Memperkuat Ketahanan Nasional di              Zoom, 22 May 2023             Otoritas Jasa
                    Resources, General         Industri Jasa Keuangan                                                              Keuangan
                    Affairs, and After Sales   Webinar on Strengthening National Resilience in                                     Financial Services
                    Director of Human          the Financial Services Industry                                                     Authority
                    Resources, General
                    Affairs, and After Sales

Widi Satya Chitra   Direktur Business          Workshop CG Officer Batch 9                           Zoom, 21 - 23                 Indonesia
                    Development, Legal &                                                             February 2023                 Corporate
                    Corporate Secretary                                                                                            Secretary
                    Director of Business                                                                                           Association (ICSA)
                    Development, Legal &
                    Corporate Secretary




                                                                              PT Electronic City Indonesia Tbk - 2023 Annual Report and Sustainability Report   127
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            Kilas Kinerja                                                          Laporan Manajemen                                                Profil Perusahaan
            Performance Glimpses                                                   Management Reports                                               Company Profile




                                                                                                                      Tempat/Sarana dan
                Nama                      Jabatan                                Topik Pelatihan                        Waktu Pelatihan            Penyelenggara
                Name                      Position                               Training Topics                         Training Place/             Organizer
                                                                                                                       Facilities and Time


                                                                Pendalaman Surat Edaran Otoritas Jasa                 Zoom, 28 February          Indonesia
                                                                Keuangan No. 16/2021 tentang Bentuk dan Isi           2023                       Corporate
                                                                Laporan Tahunan Emiten atau Perusahaan Publik                                    Secretary
                                                                Deepening of Financial Services Authority Circular                               Association (ICSA)
                                                                Letter No. 16/2021 concerning the Form and
                                                                Content of the Annual Report of Issuers or Public
                                                                Companies

                                                                Effective Risk Management For Corporate Secretary     Zoom, 30 May 2023          Indonesia
                                                                                                                                                 Corporate
                                                                                                                                                 Secretary
                                                                                                                                                 Association (ICSA)

                                                                Pendalaman Peraturan Otoritas Jasa Keuangan           Zoom, 8 June 2023          Indonesia
                                                                No. 14/POJK.04/2019 tentang PMHMETD                                              Corporate
                                                                Deepening of Financial Services Authority                                        Secretary
                                                                Regulation No. 14/POJK.04/2019 concerning                                        Association (ICSA)
                                                                PMHMETD

                                                                Pendalaman Peraturan Otoritas Jasa Keuangan           Zoom, 13 July 2023         Indonesia
                                                                No. 42/POJK.04/2020 Tentang Transaksi Afiliasi                                   Corporate
                                                                dan Transaksi Benturan Kepentingan dan                                           Secretary
                                                                Peraturan Otoritas Jasa Keuangan No. 17/                                         Association (ICSA)
                                                                POJK.04/2020 tentang Transaksi Material dan
                                                                Perubahan Kegiatan Usaha Utama
                                                                Deepening of Financial Services Authority
                                                                Regulation No. 42/POJK.04/2020 concerning
                                                                Affiliate Transactions and Conflict of Interest
                                                                Transactions and Financial Services Authority
                                                                Regulation No. 17/POJK.04/2020 concerning
                                                                Material Transactions and Changes in Main
                                                                Business Activities

                                                                Manajemen Stress di Era Digital                       Zoom, 13 July 2023         Otoritas Jasa
                                                                Stress Management in the Digital Era                                             Keuangan
                                                                                                                                                 Financial Services
                                                                                                                                                 Authority

                                                                Webinar Otoritas Jasa Keuangan Mengenal               Zoom, 10 August 2023       Otoritas Jasa
                                                                Lebih Jauh Pengaturan Undang-Undang P2SK                                         Keuangan
                                                                Dalam Rangka Penguatan Industri Keuangan                                         Financial Services
                                                                Non Bank (IKNB)                                                                  Authority
                                                                Financial Services Authority Webinar Getting to
                                                                Know More about the Regulation of the P2SK Law
                                                                in the Framework of Strengthening the Non-Bank
                                                                Financial Industry (NBFI)

                                                                Webinar Otoritas Jasa Keuangan tentang                Zoom, 24 August 2023       Otoritas Jasa
                                                                Leadership in Changing Atmosphere                                                Keuangan
                                                                Financial Services Authority Webinar on Leadership                               Financial Services
                                                                in Changing Atmosphere                                                           Authority

                                                                Sosialisasi easy.KSEI                                 Bursa Efek Indonesia,      Kustodian Sentral
                                                                Socializationof easy.KSEI                             24 August 2023             Efek Indonesia
                                                                                                                                                 (KSEI)

                                                                Webinar Otoritas Jasa Keuangan Enhancing              Zoom, 31 August 2023       Otoritas Jasa
                                                                Financial Performance through Data Analytics                                     Keuangan
                                                                Webinar Financial Services Authority Enhancing                                   Financial Services
                                                                Financial Performance through Data Analytics                                     Authority


                                                                Webinar ICSA Listed Companies Compliance              Zoom, 3 October 2023       Indonesia
                                                                Refreshment                                                                      Corporate
                                                                                                                                                 Secretary
                                                                                                                                                 Association (ICSA)

                                                                Webinar Otoritas Jasa Keuangan tentang “How to        Zoom, 9 November           Otoritas Jasa
                                                                Drive Corporate Performance through Accounting        2023                       Keuangan
                                                                Practices”                                                                       Financial Services
                                                                Webinar Financial Services Authority about                                       Authority
                                                                “How to Drive Corporate Performance through
                                                                Accounting Practices”

      1) efektif mengundurkan diri sesuai keputusan RUPS Tahunan pada                       1) effectively resigned in accordance with the decision of the Annual GMS on
         tanggal 27 Juni 2023.                                                                 June 27 2023.
      2) efektif menjabat sesuai keputusan RUPS Tahunan pada tanggal 27                     2) effectively serving in accordance with the decision of the Annual GMS on
         Juni 2023.                                                                            June 27 2023.




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     Analisis Dan Pembahasan Manajemen                          Tata Kelola Perusahaan                                       Laporan Keberlanjutan
     Management Discussion And Analysis                         Good Corporate Governance                                    Sustainability Report




Hubungan Afiliasi Dewan Komisaris dan                                 Affiliated Relationship of Board of
Direksi serta Pemegang Saham                                          Commissioners and Board of Directors and
                                                                      Shareholders

Hubungan afiliasi yang terjalin pada masing-masing                    The affiliation relationship established in each organ of
organ Perseroan, baik Dewan Komisaris, Direksi, dan                   the Company, both the Board of Commissioners, Board of
Pemegang Saham diungkapkan pada tabel berikut.                        Directors, and Shareholders is disclosed in the following
                                                                      table.

                                     Hubungan Keluarga Dengan                                     Hubungan Keuangan Dengan
                                      Family Relationships With                                    Financial Relationship With

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

  Hartono Tjahjadi
  Adiwana

  Rahmat Adi Sutikno
  Halim1)

  Josephine
  Sukmadewi Karjadi2)

  Ku Siew Kuan

  Vivi Henny

  Ratu Tisha Destria

  Direksi
  Board of Directors

  Wiradi

  Dedy Djafarli

  Josephine Sukmadewi
  Karjadi2)

  FA Tri Agus Winarko
  HS3)

  Lenny Susilawaty
  Jamadi

  Lyvia Mariana

  Roland Hutapea

  Widi Satya Chitra

1) efektif mengundurkan diri sesuai keputusan RUPS Tahunan pada       1) effectively resigned in accordance with the decision of the Annual GMS on
   tanggal 27 Juni 2023.                                                 June 27 2023.
2) efektif mengundurkan diri sebagai Direksi dan efektif menjabat     2) effectively resigned as Director and effectively served as Commissioner of
   sebagai Komisaris Perseroan sesuai keputusan RUPS Tahunan pada        the Company in accordance with the decision of the Annual GMS on June
   tanggal 27 Juni 2023.                                                 27 2023.
3) efektif menjabat sesuai keputusan RUPS Tahunan pada tanggal 27     3) effectively serving in accordance with the decision of the Annual GMS on
   Juni 2023.                                                            June 27 2023.




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            Performance Glimpses                                                   Management Reports                                  Company Profile




      Transparansi Informasi                            terkait          Dewan             Transparency of Information related to
      Komisaris dan Direksi                                                                the Board of Commissioners and Board of
                                                                                           Directors

      Program Orientasi Dewan Komisaris dan Direksi                                        Board of Commissioners and Board of Directors
                                                                                           Orientation Program
      Program orientasi Dewan Komisaris dan Direksi                                        The orientation program for the Board of Commissioners
      menjadi bagian tugas dari Sekretaris Perusahaan untuk                                and Board of Directors is part of the Corporate Secretary’s
      menyampaikan informasi terkait Visi, Misi, dan Nilai                                 duty to convey information related to the Company’s
      Perusahaan; Kode Etik; Anggaran Dasar; pedoman kerja;                                Vision, Mission, and Values; Code; Articles of Association;
      gambaran umum kegiatan bisnis utama Perseroan; serta                                 work guidelines; overview of the Company’s main business
      peraturan terkait perusahaan dan/atau pasar modal.                                   activities; and regulations related to the company and/
      Pelaksanaan program tersebut dilaksanakan dalam                                      or capital market. The implementation of the program
      rapat gabungan antara Dewan Komisaris dan Direksi.                                   is carried out in a joint meeting between the Board of
                                                                                           Commissioners and the Board of Directors.

      Perseroan telah melaksanakan program orientasi bagi                                  The Company has carried out an orientation program for
      anggota baru Dewan Komisaris, yaitu Ibu Josephine                                    new members of the Board of Commissioners, which is Mrs.
      Sukmadewi Karjadi, serta anggota baru Direksi, yaitu                                 Josephine Sukmadewi Karjadi, as well as new members of
      Bapak FA Tri Agus Winarko HS yang efektif menjabat                                   the Board of Directors, which is Mr. FA Tri Agus Winarko HS
      pada tanggal 27 Juni 2023.                                                           who will take office on June 27, 2023.

      Penilaian Kinerja Dewan Komisaris, Direksi, dan                                      Performance Appraisal of the Board of Commissioners,
      Organ Pendukung                                                                      Board of Directors, and Supporting Organs

      Prosedur Penilaian Kinerja Dewan Komisaris                                           Board of Commissioners Performance Appraisal
                                                                                           Procedure
      Prosedur penilaian terhadap kinerja Dewan Komisaris                                  The procedure for assessing the performance of the Board
      dilakukan oleh RUPS melalui penyampaian Laporan                                      of Commissioners is carried out by the GMS through the
      Pengawasan satu tahun buku secara kolektif. Di                                       submission of a one-year Supervisory Report collectively. In
      samping itu, secara kolegial anggota Dewan Komisaris                                 addition, collegially members of the Board of Commissioners
      melakukan penilaian sendiri (self-assesstment) mengacu                               conduct self-assessment referring to the criteria determined
      pada kriteria-kriteria yang telah ditentukan oleh Dewan                              by the Board of Commissioners together with the Nomination
      Komisaris bersama Fungsi Nominasi dan Remunerasi.                                    and Remuneration Functions.

      Kriteria Penilaian Kinerja Dewan Komisaris                                           Board of Commissioners Performance Assessment
                                                                                           Criteria
      Kriteria penilaian kinerja Dewan Komisaris dijelaskan                                The performance appraisal criteria of the Board of
      sebagai berikut.                                                                     Commissioners are explained as follows.
      • Pelaksanaan pengawasan dan dukungan pelaksanaan                                    • Implementation of supervision and implementation
        terhadap penerapan GCG di Perseroan.                                                 support for the implementation of GCG in the Company.
      • Pelaksanaan tugas dan tanggung jawab.                                              • Implementation of duties and responsibilities.
      • Ketaatan terhadap peraturan perundang-undangan                                     • Compliance with applicable laws and regulations and
        yang berlaku serta kebijakan Perseroan.                                              Company policies.
      • Komitmen dalam memajukan kepentingan Perseroan.                                    • Commitment in advancing the interests of the Company.
      • Tingkat kehadiran dalam rapat internal maupun rapat                                • The level of attendance in internal meetings and
        gabungan dengan Direksi beserta rapat dengan                                         joint meetings with the Board of Directors along with
        Komite Audit.                                                                        meetings with the Audit Committee.

      Hasil Penilaian Kinerja Dewan Komisaris                                              Results of the Board of Commissioners’ Performance
                                                                                           Assessment
      Dewan Komisaris telah melaksanakan tugas dan                                         The Board of Commissioners has carried out its duties and
      tanggung jawab dengan baik dan telah sesuai dengan                                   responsibilities properly and has complied with the work
      pedoman kerja yang berlaku selama tahun 2023.                                        guidelines applicable during 2023. This is shown by the
      Hal tersebut ditunjukkan dari kualitas pemberian                                     quality of providing advice, advice, and recommendations
      nasihat, saran, dan rekomendasi kepada Direksi, serta                                to the Board of Directors, as well as the effective
      pelaksanaan fungsi pengawasan yang dilakukan secara                                  implementation of the supervisory function.
      efektif.




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    Analisis Dan Pembahasan Manajemen                    Tata Kelola Perusahaan                                       Laporan Keberlanjutan
    Management Discussion And Analysis                   Good Corporate Governance                                    Sustainability Report




Penilaian Kinerja Komite Audit                                 Audit Committee Performance Appraisal
Dewan Komisaris melaksanakan penilaian secara berkala          The Board of Commissioners conducts periodic assessments
terhadap Komite Audit untuk mengetahui efektivitas             of the Audit Committee to determine the effectiveness of the
pelaksanaan tugas dan tanggung jawab, pencapaian               implementation of duties and responsibilities, achievement
target, dan penyampaian saran terkait proses audit             of targets, and submission of suggestions related to the
dan analisa Laporan Keuangan Perseroan. Selama                 audit process and analysis of the Company’s Financial
tahun 2023, Dewan Komisaris menilai komite ini telah           Statements. During 2023, the Board of Commissioners
menjalankan tugas dan tanggung jawab dengan baik,              considers that this committee has carried out its duties and
efektif, dan sesuai pedoman yang berlaku, sehingga             responsibilities properly, effectively, and in accordance with
mendukung proses bisnis berjalan optimal.                      applicable guidelines, so as to support optimal business
                                                               processes.

Penilaian Kinerja Direksi                                      Performance Appraisal of the Board of Directors
Penilaian kinerja Direksi juga dilakukan oleh Pemegang         The performance assessment of the Board of Directors is also
Saham dalam pelaksanaan RUPS Tahunan melalui                   carried out by the Shareholders in the implementation of the
Laporan Pengelolaan Perusahaan yang dituangkan                 Annual GMS through the Company’s Management Report
dalam Laporan Tahunan. Selain itu, masing-masing               as outlined in the Annual Report. In addition, each Board
Direksi melaksanakan self-assessment sesuai dengan             of Directors carries out self-assessment in accordance with
kriteria yang telah disepakati.                                agreed criteria.

Kriteria Penilaian Kinerja Direksi                             Board of Directors Performance Assessment Criteria
Kriteria untuk penilaian kinerja Direksi diuraikan sebagai     The criteria for evaluating the performance of the Board of
berikut.                                                       Directors are outlined as follows.
• Pencapaian target yang telah ditentukan.                     • Achievement of predetermined targets.
• Pelaksanaan tugas dan tanggung jawab.                        • Implementation of duties and responsibilities.
• Ketaatan terhadap peraturan perundang-undangan               • Compliance with applicable laws and regulations and
  yang berlaku serta kebijakan Perseroan.                        Company policies.
• Komitmen dalam memajukan kepentingan Perseroan.              • Commitment in advancing the interests of the Company.
• Tingkat kehadiran dalam rapat internal maupun rapat          • The level of attendance in internal meetings as well as
  gabungan dengan Dewan Komisaris beserta rapat                  joint meetings with the Board of Commissaries and
  dengan Sekretaris Perusahaan ataupun Unit Audit                meetings with the Corporate Secretary or Internal Audit
  Internal.                                                      Unit.

Hasil Penilaian Kinerja Direksi                                Results of the Performance Appraisal of the Board of
                                                               Directors
Seluruh anggota Direksi telah melaksanakan tugas dan           All members of the Board of Directors have carried out
tanggung jawab dengan baik dan sesuai pedoman kerja            their duties and responsibilities properly and in accordance
yang berlaku selama tahun 2023. Kondisi ini dibuktikan         with the applicable work guidelines during 2023. This
dengan kinerja Perseroan yang tumbuh positif, baik dari        condition is evidenced by the Company’s performance that
kinerja operasional ataupun kinerja keuangan.                  grows positively, both from operational performance and
                                                               financial performance.

Penilaian Kinerja Sekretaris Perusahaan                        Corporate Secretary Performance Appraisal
Direksi secara berkala melakukan penilaian terhadap            The Board of Directors periodically assesses the Corporate
Sekretaris Perusahaan dengan kriteria, yaitu efektivitas       Secretary with criteria, which are the effectiveness of the
pelaksanaan tugas dan tanggung jawab, pencapaian               implementation of duties and responsibilities, achievement
target, penyampaian laporan kepada regulator, dan              of targets, submission of reports to regulators, and other
aspek lainnya. Direksi memandang bahwa Sekretaris              aspects. The Board of Directors considers that the Corporate
Perusahaan telah melaksanakan seluruh tugas dan                Secretary has carried out all its duties and responsibilities
tanggung jawabnya dengan baik di tahun 2023.                   properly in 2023.

Penilaian Kinerja Unit Audit Internal                          Internal Audit Unit Performance Appraisal
Penilaian kinerja Unit Audit Internal dilakukan secara         Performance appraisal of the Internal Audit Unit is carried
berkala dengan kriteria, yaitu efektivitas pelaksanaan         out periodically with criteria, namely the effectiveness of
tugas dan tanggung jawab, pelaksanaan audit,                   the implementation of duties and responsibilities, audit
kehadiran dalam rapat, kualitas pemberian saran, dan           implementation, attendance at meetings, quality of
aspek lainnya. Pada tahun 2023, Direksi menilai unit           advice, and other aspects. In 2023, the Board of Directors
ini telah melaksanakan seluruh tugas dan tanggung              considers that this unit has carried out all its duties and
jawabnya dengan baik dan efektif.                              responsibilities properly and effectively.




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            Performance Glimpses                                                   Management Reports                                       Company Profile




      Kebijakan dan Besaran Remunerasi Dewan Komisaris                                     Policy and Amount of Remuneration of the Board of
      dan Direksi                                                                          Commissioners and Directors
      Remunerasi diberikan kepada anggota Dewan Komisaris                                  Remuneration is given to members of the Board of
      dan Direksi sebagai bentuk apresiasi atas kontribusi yang                            Commissioners and Board of Directors as a form of
      telah diberikan kepada Perseroan. Adapun penetapan                                   appreciation for the contribution made to the Company.
      tersebut menyesuaikan dengan kemampuan keuangan                                      The determination is adjusted to the Company’s financial
      Perseroan, kondisi ekonomi, industri sejenis, serta                                  capabilities, economic conditions, similar industries, and
      mempertimbangkan masukan dari Fungsi Nominasi dan                                    considers input from the Nomination and Remuneration
      Remunerasi. Jenis remunerasi yang diterima oleh Dewan                                Functions. The type of remuneration received by the Board
      Komisaris ataupun Direksi terdiri atas gaji pokok dan                                of Commissioners or Board of Directors consists of basic
      tunjangan lainnya.                                                                   salary and other benefits.

      Dewan Komisaris dan Direksi menerima gaji pokok                                      The Board of Commissioners and Board of Directors receive
      dan tunjangan sebesar Rp8,1 miliar di tahun 2023                                     a basic salary and allowance of Rp8,1 billion in 2023 and
      dan Rp7,8 miliar di tahun 2022. Kebijakan remunerasi                                 Rp7,8 billion in 2022. The remuneration policy is always
      tersebut senantiasa dievaluasi oleh Fungsi Nominasi dan                              evaluated by the Nomination and Remuneration Function
      Remunerasi untuk menyesuaikan dengan kondisi terkini                                 to adjust to the current conditions and capabilities of the
      dan kemampuan Perseroan.                                                             Company.

      Kebijakan Pengungkapan Informasi                                                     Information Disclosure Policy
      Perseroan senantiasa memenuhi ketentuan dan                                          The Company always complies with the rules and
      peraturan terkait keterbukaan informasi, termasuk                                    regulations related to information disclosure, including
      Peraturan Otoritas Jasa Keuangan No. 11/POJK.04/2017                                 the Financial Services Authority Regulation No. 11/
      tentang Laporan Kepemilikan atau Setiap Perubahan                                    POJK.04/2017 concerning Ownership Report or Any
      Kepemilikan      Perusahaan       Terbuka,  Perseroan                                Change of Ownership of a Public Company, the Company
      mengungkapkan informasi terkait kepemilikan saham                                    discloses information related to the share ownership of the
      Dewan Komisaris dan Direksi, serta setiap perubahan                                  Board of Commissioners and Board of Directors, as well as
      kepemilikannya atas saham kepada Perseroan yang                                      any changes in its ownership of shares to the Company
      dilaporkan minimal 3 hari setelah terjadinya transaksi.                              which is reported at least 3 days after the transaction. In
      Selain itu, Perseroan menyampaikan laporan kepada                                    addition, the Company submits a report to the Financial
      Otoritas Jasa Keuangan atas transaksi tersebut paling                                Services Authority on the transaction no later than 10 days
      lambat 10 hari sejak terjadinya transaksi.                                           from the occurrence of the transaction.

      Sepanjang tahun 2023, Perseroan telah menyampaikan                                   Throughout 2023, the Company has submitted reports on the
      laporan atas kepemilikan saham anggota Dewan                                         share ownership of members of the Board of Commissioners and
      Komisaris dan Direksi dalam Laporan Bulanan                                          Directors in the Monthly Report of Registration of Shareholders
      Registrasi Pemegang Efek yang dipublikasikan di Bursa                                published on the Indonesia Stock Exchange and reported to the
      Efek Indonesia dan dilaporkan kepada Otoritas Jasa                                   Financial Services Authority. Disclosure of information related to
      Keuangan. Pengungkapan informasi terkait kepemilikan                                 share ownership of the Board of Commissioners and Board of
      saham Dewan Komisaris dan Direksi telah disampaikan                                  Directors has been submitted in the Company Profile chapter in
      pada bab Profil Perusahaan pada sub bab Kepemilikan                                  the Share Ownership sub-chapter of Members of the Board of
      Saham Anggota Dewan Komisaris dan Direksi di dalam                                   Commissioners and Directors in this Annual Report.
      Laporan Tahunan ini.


      Komite Audit                                                                         Audit Committee

      Komite Audit merupakan komite pendukung Dewan                                        The Audit Committee is a supporting committee of the
      Komisaris yang berperan untuk melakukan proses                                       Board of Commissioners whose role is to conduct the audit
      audit terhadap Laporan Keuangan Perseroan, baik                                      process of the Company’s Financial Statements, either
      triwulanan atau tahunan. Selain itu, Komite Audit                                    quarterly or annually. In addition, the Audit Committee
      mengawasi penerapan sistem pengendalian internal,                                    oversees the implementation of the internal control
      sistem manajemen risiko, serta penerapan GCG secara                                  system, risk management system, and comprehensive GCG
      komprehensif.                                                                        implementation.

      Pedoman Kerja Komite Audit                                                           Audit Committee Working Guidelines
      Pedoman kerja Komite Audit merujuk pada Piagam                                       The Audit Committee’s work guidelines refer to the Audit
      Komite Audit yang telah diperbarui pada 5 Oktober                                    Committee Charter which has been updated on October
      2022. Piagam tersebut disusun bertujuan untuk menjadi                                5, 2022. The charter was drafted to serve as a reference
      acuan bagi anggota Komite Audit dalam menjalankan                                    for members of the Audit Committee in carrying out their
      tugas dan tanggung jawabnya. Adapun isi dari piagam                                  duties and responsibilities. The contents of the charter
      tersebut mengenai:                                                                   regard:




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1.    Landasan Hukum;                                            1.  Legal Foundations;
2.    Definisi;                                                  2.  Definition;
3.    Tugas dan Tanggung Jawab Komite Audit;                     3.  Duties and Responsibilities of the Audit Committee;
4.    Wewenang Komite Audit;                                     4.  Authority of the Audit Committee;
5.    Komposisi, Struktur, dan Kedudukan Komite Audit;           5.  Composition, Structure, and Position of the Audit
                                                                     Committee;
6. Persyaratan Keanggotaan Komite Audit;                         6. Audit Committee Membership Requirements;
7. Tata Cara dan Prosedur Kerja Komite Audit;                    7. Audit Committee Procedures and Work Procedures;
8. Kebijakan Penyelenggaraan Rapat Komite Audit;                 8. Policy on the Implementation of Audit Committee
                                                                     Meetings;
9. Sistem Pelaporan Kegiatan Komite Audit;                       9. Audit Committee Activity Reporting System;
10. Mekanisme Penanganan Pengaduan atau Pelaporan                10. Mechanism for Handling Complaints or Reporting in
    Sehubungan Dugaan Pelanggaran terkait Pelaporan                  Connection with Alleged Violations related to Financial
    Keuangan; serta                                                  Reporting; and
11. Masa Tugas Anggota Komite Audit.                             11. Tenure of Members of the Audit Committee.

Pengangkatan dan Masa Jabatan                                    Appointments and Tenures
Pengangkatan dan Pemberhentian Komite Audit                      The appointment and dismissal of the Audit Committee shall
menjadi wewenang dari Dewan Komisaris. Sementara,                be the authority of the Board of Commissioners. Meanwhile,
masa jabatan anggota Komite Audit tidak boleh lebih              the term of office of members of the Audit Committee must not
lama dari masa jabatan anggota Dewan Komisaris sesuai            be longer than the term of office of members of the Board of
dengan ketentuan Anggaran Dasar, dan dapat diangkat              Commissioners in accordance with the provisions of the Articles
kembali untuk periode berikutnya.                                of Association, and can be reappointed for the next period.

Susunan Komite Audit                                             Composition of Audit Committee
Di tahun 2023, komposisi Komite Audit terdiri dari 1             In 2023, the composition of the Audit Committee consists
orang Komisaris Independen sebagai ketua dan 2 orang             of 1 Independent Commissioner as chairman and 2
pihak eksternal yang independen mempunyai keahlian               independent external parties with expertise in finance and
di bidang keuangan dan akuntansi sebagai anggota,                accounting as members, with the following description.
dengan uraian sebagai berikut.


             Nama                      Jabatan                                    Dasar Pengangkatan
             Name                      Position                                   Basis of Appointment


     Vivi Henny                    Ketua Head       Surat Keputusan Dewan Komisaris PT Electronic City Indonesia Tbk
                                                    tanggal 16 Agustus 2023.
                                                    Decree of the Board of Commissioners of PT Electronic City Indonesia Tbk
                                                    dated August 16th 2023.

     Rahmat Adi Sutikno Halim      Anggota Member   Surat Keputusan Dewan Komisaris PT Electronic City Indonesia Tbk
                                                    tanggal 16 Agustus 2023.
                                                    Decree of the Board of Commissioners of PT Electronic City Indonesia Tbk
                                                    dated August 16th 2023.

     Ismail Apipuddin              Anggota Member   Surat Keputusan Dewan Komisaris PT Electronic City Indonesia Tbk
                                                    tanggal 16 Agustus 2023.
                                                    Decree of the Board of Commissioners of PT Electronic City Indonesia Tbk
                                                    dated August 16th 2023.




Profil Komite Audit                                              Audit Committee Profile
Profil Komite Audit telah diungkapkan pada Bab Profil            The Audit Committee profile has been disclosed in the
Perusahaan di dalam Laporan Tahunan ini.                         Company Profile Chapter of this Annual Report.




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

      Tugas dan tanggung jawab Komite Audit diuraikan                                      The duties and responsibilities of the Audit Committee are
      sebagai berikut.                                                                     outlined as follows.
      1. Memberikan pendapat kepada Dewan Komisaris                                        1. Provide opinions to the Board of Commissioners on
          terhadap laporan atau hal-hal lain yang                                              reports or other matters submitted by the Board of
          disampaikan oleh Direksi kepada Dewan Komisaris                                      Directors to the Board of Commissioners and identify
          dan mengidentifikasi hal-hal yang memerlukan                                         matters that require the attention of the Board of
          perhatian Dewan Komisaris.                                                           Commissioners.
      2. Melakukan penelaahan atas Rencana Kerja Tahunan                                   2. Review the Company’s Annual Work Plan submitted
          Perseroan yang diajukan oleh Direksi untuk dapat                                     by the Board of Directors to obtain approval from the
          memperoleh persetujuan Dewan Komisaris sebelum                                       Board of Commissioners before the start of the new
          dimulainya tahun buku yang baru.                                                     financial year.
      3. Melakukan penelaahan atas Laporan Tahunan                                         3. Review the Company’s Annual Report prepared by the
          Perseroan yang disusun oleh Direksi sebelum                                          Board of Directors before being signed by the Board of
          ditandatangani oleh Dewan Komisaris.                                                 Commissioners.
      4. Melakukan penelaahan atas ketaatan/kepatuhan                                      4. Reviewing the Company’s compliance/compliance
          Perseroan terhadap peraturan perundang-undangan                                      with applicable laws and regulations in the capital
          yang berlaku di bidang pasar modal dan peraturan                                     market and other laws and regulations related to the
          perundang-undangan lainnya yang berhubungan                                          Company’s business activities to implement good and
          dengan      kegiatan    usaha     Perseroan     untuk                                sound corporate governance.
          melaksanakan tata kelola perusahaan yang baik dan
          sehat.
      5. Melakukan penelaahan atas informasi keuangan                                      5. Review financial information that will be issued by
          yang akan dikeluarkan Perseroan kepada publik                                       the Company to the public and/or authorities, such as
          dan/atau pihak otoritas, seperti Laporan Keuangan                                   Financial Statements (periodic or annual), projections,
          (berkala atau tahunan), proyeksi, dan laporan lainnya                               and other reports related to the Company’s financial
          terkait dengan informasi keuangan Perseroan dalam                                   information in order to comply with applicable laws
          rangka memenuhi peraturan perundang-undangan                                        and regulations in the field of capital markets and the
          yang berlaku di bidang pasar modal dan pelaksanaan                                  implementation of the Company’s business activities.
          kegiatan usaha Perseroan.
      6. Memberikan pendapat independen dalam hal                                          6. Provide independent opinions in the event of
          terjadi perbedaan pendapat antara manajemen                                          disagreements between management and public
          dan akuntan publik yang mengaudit buku-buku                                          accountants who audit the Company’s books for the
          Perseroan atas jasa yang diberikannya.                                               services they provide.
      7. Memantau/mengikuti perkembangan kegiatan                                          7. Monitor/follow the development of the Company’s
          usaha Perseroan, dan dalam hal Perseroan                                             business activities, and in the event that the
          menunjukkan gejala kemunduran yang mencolok,                                         Company shows symptoms of a conspicuous setback,
          segera melaporkan hal tersebut ke Dewan Komisaris                                    immediately report the matter to the Board of
          disertai dengan rekomendasi mengenai solusi/                                         Commissioners accompanied by recommendations on
          langkah perbaikan yang harus ditempuh secepatnya                                     solutions/corrective steps that must be taken as soon as
          dan untuk jangka panjang.                                                            possible and for the long term.
      8. Melakukan penelaahan atas kualitas pelaksanaan                                    8. Reviewing the quality of the inspection implementation
          pemeriksaan oleh auditor internal, yaitu dengan                                      by the internal auditor, namely by reviewing the
          melakukan penelaahan terhadap perencanaan,                                           planning, implementation, findings, and supervising
          pelaksanaan, temuan, dan mengawasi efektivitas                                       the effectiveness of the implementation of follow-up
          pelaksanaan tindaklanjut oleh Direksi atas temuan                                    by the Board of Directors on the findings by the internal
          oleh auditor internal.                                                               auditor.
      9. Memberikan rekomendasi kepada Dewan Komisaris                                     9. Provide recommendations to the Board of Commissioners
          sehubungan dengan penujukkan akuntan publik                                          in connection with the appointment of a public accountant
          yang didasarkan pada independensi, ruang lingkup                                     based on independence, scope of assignment, and fees
          penugasan, dan fee (imbalan jasa profesional).                                       (rewards for professional services).
      10. Melaporkan kepada Dewan Komisaris sehubungan                                     10. Report to the Board of Commissioners in connection
          dengan penujukkan akuntan publik yang didasarkan                                     with the appointment of a public accountant based on
          pada independensi, ruang lingkup penugasan, dan                                      independence, scope of assignment, and fees (rewards
          fee (imbalan jasa profesional).                                                      for professional services).
      11. Melaporkan kepada Dewan Komisaris berbagai                                       11. Report to the Board of Commissioners the various
          potensi risiko yang dihadapi Perseroan dari waktu                                    potential risks faced by the Company from time to time,
          ke waktu, serta melakukan penelaahan terhadap                                        as well as review the risk management implementation
          aktivitas pelaksanaan manajemen risiko yang                                          activities carried out by the Board of Directors, if the
          dilakukan oleh Direksi, jika Perseroan tidak memiliki                                Company does not have a risk monitoring function
          fungsi pemantau risiko di bawah Dewan Komisaris.                                     under the Board of Commissioners.




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12. Melakukan penelaahan dan melaporkan kepada              12. Review and report to the Board of Commissioners
    Dewan Komisaris atas pengaduan yang berkaitan               for complaints related to the Company’s accounting
    dengan proses akuntansi dan pelaporan keuangan              and financial reporting processes along with
    Perseroan berikut rekomendasi solusinya.                    recommendations for solutions.
13. Melakukan penelaahan dan memberikan saran               13. Review and provide advice to the Board of
    kepada Dewan Komisaris terkait adanya potensi               Commissioners regarding potential conflicts of interest
    benturan kepentingan atau setiap persoalan lainnya,         or any other issues, which are considered important for
    yang dianggap penting bagi masa depan Perseroan             the future of the Company and / or the management of
    dan/atau pengelolaan Perseroan.                             the Company.
14. Menjaga kerahasiaan dokumen, data, dan informasi        14. Maintain the confidentiality of the Company’s
    Perseroan.                                                  documents, data, and information.
15. Melakukan tugas-tugas lainnya yang ditentukan           15. Perform other duties determined by the Board of
    oleh Dewan Komisaris sesuai dengan kebutuhan,               Commissioners in accordance with the needs, situation,
    situasi, dan kondisi Perseroan dari waktu ke waktu.         and conditions of the Company from time to time.

Wewenang                                                    Authority
Wewenang Komite Audit telah diuraikan pada Piagam           The authority of the Audit Committee has been described in
Komite Audit sebagai berikut.                               the Audit Committee Charter as follows.
1. Komite Audit setiap waktu dalam jam kerja kantor         1. The Audit Committee at any time within the Company’s
   Perseroan berhak masuk ke bangunan dan halaman              office hours has the right to enter buildings and
   atau tempat lain yang dipergunakan atau yang                courtyards or other places used or controlled by the
   dikuasai oleh Perseroan dan berwenang untuk                 Company and is authorized to access the Company’s
   mengakses dokumen, data, dan informasi Perseroan            documents, data, and information about the Company’s
   tentang karyawan, dana, aset, dan sumber daya               employees, funds, assets, and resources as needed.
   Perseroan yang diperlukan.
2. Dalam melaksanakan wewenangnya, Komite Audit             2. In exercising its authority, the Audit Committee must
   wajib bekerja sama dengan pihak yang melaksanakan           cooperate with parties who carry out the Company’s
   fungsi audit internal Perseroan atau Kepala Audit           internal audit function or the Head of the Company’s
   Internal Perseroan.                                         Internal Audit.
3. Berkomunikasi langsung dengan karyawan, termasuk         3. Communicate directly with employees, including the Board
   Direksi dan pihak yang menjalankan fungsi audit             of Directors and parties who carry out the functions of
   internal, manajemen risiko, dan akuntan publik yang         internal audit, risk management, and public accountants
   mengaudit buku-buku Perseroan terkait tugas dan             who audit the Company’s books related to the duties and
   tanggung jawab Komite Audit.                                responsibilities of the Audit Committee.
4. Melibatkan pihak independen di luar anggota Komite       4. Involving independent parties outside the Audit
   Audit yang diperlukan untuk membantu pelaksanaan            Committee members who are needed to assist in the
   tugasnya (jika diperlukan).                                 implementation of their duties (if needed).
5. Melakukan kewenangan lain yang diberikan Dewan           5. Perform other authorities granted by the Board of
   Komisaris.                                                  Commissioners.
6. Pembagian tugas antar anggota Komite Audit diatur        6. The distribution of duties between members of the Audit
   oleh Ketua Komite Audit.                                    Committee is regulated by the Chairman of the Audit
                                                               Committee.
7. Pelaksanaan tugas dan wewenang Komite Audit              7. The implementation of the duties and authorities of the
   bersifat kolektif kolegial.                                 Audit Committee is collegial collective.




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      Independensi Komite Audit                                                            Independence of the Audit Committee
      Komite Audit berkomitmen untuk mengedepankan                                         The Audit Committee is committed to promoting an
      sikap independen, menjaga objektivitas dan integritas                                independent attitude, maintaining objectivity and integrity
      dalam melaksanakan tugas, tanggung jawab, serta                                      in carrying out its duties, responsibilities, and authorities.
      wewenangnya. Hal tersebut dibuktikan dengan                                          This is evidenced by the fulfillment of the following aspects
      dipenuhinya aspek independensi sebagai berikut.                                      of independence.


                                     Pernyataan Independensi                                             Vivi          Rahmat Adi          Ismail
                                      Independency Statement                                            Henny         Sutikno Halim       Apipiudin

         Tidak memiliki hubungan keuangan dengan Dewan Komisaris dan
         Direksi.
         Does not have a financial relationship with the Board of Commissioners
         and Board of Directors.

         Tidak memiliki hubungan kepengurusan dengan Pemegang Saham,
         Entitas Anak, maupun perusahaan afiliasi.
         Does not have a management relationship with Shareholders, Subsidiaries,
         or affiliated companies.

         Tidak memiliki hubungan kepemilikan saham di Perseroan.
         Does not have a shareholding relationship in the Company.

         Tidak memiliki hubungan keluarga dengan Dewan Komisaris, Direksi,
         dan/atau sesama anggota Komite Audit.
         Does not have family relationships with the Board of Commissioners, Board
         of Directors, and/or fellow members of the Audit Committee.



      Pelaksanaan Tugas Komite Audit                                                       Implementation of Duties of the Audit Committee
      Komite Audit telah melaksanakan tugas, tanggung                                      The Audit Committee has carried out its duties,
      jawab, dan wewenangnya dengan baik dan sesuai                                        responsibilities, and authorities properly and in accordance
      pedoman kerja yang berlaku selama tahun 2023, yang                                   with the applicable work guidelines during 2023, which are
      diuraikan sebagai berikut.                                                           outlined as follows.
      1. Melakukan penelaahan atas kepatuhan Perseroan                                     1. Reviewing the Company’s compliance with laws and
         terhadap peraturan perundang-undangan di bidang                                      regulations in the capital market and other laws and
         pasar modal dan peraturan perundang-undangan                                         regulations related to the Company’s activities.
         lainnya yang berhubungan dengan kegiatan
         Perseroan.
      2. Melakukan penelaahan atas pelaksanaan audit oleh                                  2. Review the implementation of audits by internal
         auditor internal.                                                                    auditors.
      3. Memberikan rekomendasi kepada Dewan Komisaris                                     3. Provide recommendations to the Board of Commissioners
         atas penunjukkan kantor akuntan publik dan akuntan                                   onthe appointmentof public accounting firms and public
         publik berdasarkan independensi, ruang lingkup, dan                                  accountants based on the independence, scope, and
         kewajaran jasa audit.                                                                fairness of audit services.
      4. Melakukan kajian dan diskusi atas penyusunan                                      4. Conduct studies and discussions on the preparation
         Laporan Keuangan Perseroan, draft final Laporan                                      of the Company’s Financial Statements, the final draft
         Keuangan audit tahun 2022, dan Laporan                                               of the audited Financial Statements for 2022, and the
         Keuangan Triwulanan tahun buku 2023 sebelum                                          Quarterly Financial Statements for the 2023 financial
         dipublikasikan.                                                                      year before publication.
      5. Melakukan kajian dan diskusi dengan manajemen                                     5. Conduct studies and discussions with management
         mengenai perencanaan dan perkembangan audit                                          regarding the planning and development of the 2023
         Laporan Keuangan tahun 2023 dan kinerja auditor                                      Financial Statement audit and the performance of
         eksternal dengan manajemen.                                                          external auditors with management.
      6. Melakukan kajian dan membahas perencanaan audit                                   6. Conducting a study and discussing audit planning for
         tahun buku 2024 serta realisasi audit dan temuan-                                    the 2024 financial year as well as the realization of the
         temuan audit tahun 2023, berikut pemantauan atas                                     audit and audit findings in 2023, along with monitoring
         tindak lanjutnya.                                                                    the follow-up.




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Rapat Komite Audit                                             Audit Committee Meeting

Merujuk pada kebijakan penyelenggaraan rapat Komite            Referring to the policy of holding Audit Committee
Audit di dalam Piagam Komite Audit, diungkapkan                meetings in the Audit Committee Charter, it is disclosed
bahwa komite ini wajib melaksanakan rapat internal             that this committee must hold internal meetings at least
minimal 1 kali dalam 3 bulan, atau secara insidental           1 time in 3 months, or incidentally if deemed necessary
apabila dianggap perlu oleh Ketua Komite Audit atau            by the Chairman of the Audit Committee or by 1/3 of the
oleh 1/3 jumlah komite, serta permintaan tertulis dari         number of committees, as well as written requests from the
Dewan Komisaris dan Direksi. Di tahun 2023, Komite             Board of Commissioners and Board of Directors. In 2023,
Audit telah melaksanakan rapat internal sebanyak 4 kali,       the Audit Committee has held 4 times, with the presence of
dengan kehadiran sebagai berikut.                              the following.


           Nama                      Jabatan       Jumlah Rapat              Jumlah Kehadiran                   Persentase Kehadiran
           Name                      Position    Number of Meetings         Number of Attendance                  Attendance Rate


  Vivi Henny                    Ketua Head                 4                               4                             100,00%

  Rahmat Adi Sutikno Halim      Anggota Member             4                               4                             100,00%

  Ismail Apipuddin              Anggota Member             4                               3                              75,00%



Peningkatan Kompetensi                                         Competency Improvement
Perseroan memberikan kesempatan yang setara                    The Company provides equal opportunities to all
kepada seluruh anggota Komite Audit untuk mengikuti            members of the Audit Committee to participate in various
berbagai kegiatan pengembangan kompetensi guna                 competency development activities to maximize functions,
memaksimalkan fungsi, tugas, dan tanggung jawab,               duties, and responsibilities, as well as broaden horizons
serta memperluas wawasan terkait aktivitas bisnis yang         related to business activities carried out. In 2023, members
dijalankan. Di tahun 2023, anggota Komite Audit telah          of the Audit Committee have carried out competency
melaksanakan kegiatan pengembangan kompetensi                  development activities independently through books,
secara mandiri melalui buku, media digital, seminar,           digital media, seminars, workshops, and others.
workshop, dan lainnya.


Fungsi Nominasi dan Remunerasi                                 Nomination and Remuneration Functions

Fungsi Nominasi dan Remunerasi dijalankan oleh                 The Nomination and Remuneration function is carried
Dewan Komisaris Perseroan, yang mana per Desember              out by the Company’s Board of Commissioners, which
2023, Perseroan menyepakati tidak membentuk Komite             as of December 2023, the Company agrees not to form a
Nominasi dan Remunerasi atas dasar kebutuhan                   Nomination and Remuneration Committee based on the
perusahaan. Akan tetapi, pelaksanaan fungsi tersebut           company’s needs. However, the implementation of this
senantiasa memenuhi Pasal 11 Peraturan Otoritas                function always complies with Article 11 of the Financial
Jasa Keuangan No. 34/POJK.04/2014 tentang Komite               Services Authority Regulation No. 34/POJK.04/2014
Nominasi dan Remunerasi Emiten atau Perusahaan                 concerning the Nomination and Remuneration Committee
Publik, serta didukung oleh kemampuan dan keahlian             of Issuers or Public Companies, and is supported by the
masing-masing anggota Dewan Komisaris Perseroan.               abilities and expertise of each member of the Company’s
                                                               Board of Commissioners.

Tugas dan Tanggung Jawab                                       Duties and Responsibilities
Fungsi Nominasi dan Remunerasi menjalankan tugas               The Nomination and Remuneration function carries out the
dan tanggung jawab sebagai berikut.                            following duties and responsibilities.
1. Menentukan komposisi dan proses nominasi anggota            1. Determine the composition and nomination process of
   Direksi dan/atau Dewan Komisaris.                               members of the Board of Directors and / or the Board of
                                                                   Commissioners.
2. Mengeluarkan kebijakan kriteria yang dibutuhkan             2. Issue the policy criteria needed in the nomination
   dalam proses nominasi.                                          process.
3. Melaksanakan evaluasi kinerja anggota Dewan                 3. Evaluate the performance of members of the Board of
   Komisaris dan anggota Direksi.                                  Commissioners and members of the Board of Directors.
4. Menyusun program pengembangan kemampuan                     4. Develop a capability development program for
   anggota Dewan Komisaris dan anggota Direksi.                    members of the Board of Commissioners and members
                                                                   of the Board of Directors.



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      5. Menelaah dan mengusulkan calon yang telah                                         5. Reviewing and proposing candidates who have
         memenuhi syarat sebagai anggota Dewan Komisaris                                      qualified as members of the Board of Commissioners
         dan anggota Direksi.                                                                 and members of the Board of Directors.
      6. Menyusun struktur dan kebijakan remunerasi.                                       6. Drawing up a remuneration structure and policy.
      7. Menyusun besaran atas remunerasi.                                                 7. Drawing up the amount of remuneration.

      Proses Nominasi Dewan Komisaris dan Direksi                                          Nomination process of Board ofCommissioners and
                                                                                           Board of Directors
      Guna menjaga kaderisasi kepemimpinan internal                                        In order to maintain the regeneration of the company’s
      perusahaan terjaga dengan baik, Fungsi Nominasi                                      internal leadership well maintained, the Nomination and
      dan Remunerasi bertanggung jawab menjalankan                                         Remuneration Function is responsible for carrying out the
      fungsi nominasi untuk menentukan, menelaah, dan                                      nomination function to determine, review, and propose
      mengusulkan pihak-pihak yang sesuai menjadi calon                                    appropriate parties to be candidates for members of
      anggota Dewan Komisaris ataupun anggota Direksi                                      the Board of Commissioners or members of the Board of
      Perseroan, dengan mempertimbangkan persyaratan                                       Directors of the Company, taking into account general and
      umum dan khusus, sebagaimana yang telah ditentukan                                   special requirements, as determined by the Company in the
      oleh Perseroan dalam Anggaran Dasar.                                                 Articles of Association.

      Selanjutnya, usulan disampaikan kepada Dewan                                         Furthermore, the proposal is submitted to the Board
      Komisaris dan Pemegang Saham. Apabila telah                                          of Commissioners and Shareholders. If approved, the
      mendapatkan persetujuan, maka calon-calon tersebut                                   candidates will be called to carry out several appointment
      akan dipanggil untuk dilakukan beberapa prosedur                                     and election procedures, either as members of the Board of
      pengangkatan dan pemilihan, baik sebagai anggota                                     Commissioners or members of the Board of Directors, one
      Dewan Komisaris ataupun anggota Direksi, salah                                       of which must follow due diligence and appropriateness
      satunya harus mengikuti uji kelayakan dan kepatutan                                  according to regulatory instructions. If these candidates
      sesuai instruksi regulator. Jika calon-calon tersebut telah                          have fulfilled the terms and conditions set, then an
      memenuhi syarat dan ketentuan yang ditetapkan, maka                                  endorsement and appointment process is carried out in the
      dilakukan proses pengesahan dan pengangkatan dalam                                   implementation of the Annual GMS or Extraordinary GMS.
      pelaksanaan RUPS Tahunan ataupun RUPS Luar Biasa.


      Sekretaris Perusahaan                                                                Corporate Secretary

      Sekretaris Perusahaan merupakan organ pendukung                                      The Corporate Secretary is a supporting organ of the
      Direksi yang berperan sebagai fasilitator antara                                     Board of Directors that acts as a facilitator between the
      Perseroan dengan Pemegang Saham, investor,                                           Company and Shareholders, investors, the public, and
      masyarakat, dan pemangku kepentingan lainnya. Selain                                 other stakeholders. In addition, this organ is responsible
      itu, organ ini bertanggung jawab dalam menyampaikan                                  for submitting reports to regulators regularly, as well as
      laporan-laporan kepada regulator secara berkala, serta                               managing company administration properly, neatly, and
      mengelola administrasi perusahaan dengan baik, rapi,                                 effectively.
      dan efektif.

      Pedoman Kerja Sekretaris Perusahaan                                                  Corporate Secretary Work Guidelines
      Pelaksanaan tugas dan tanggung jawab Sekretaris                                      The implementation of the duties and responsibilities of
      Perusahaan merujuk pada Peraturan Otoritas Jasa                                      the Corporate Secretary refers to the Financial Services
      Keuangan No. 35/POJK.04/2014 tentang Sekretaris                                      Authority Regulation No. 35/POJK.04/2014 concerning
      Perusahaan Emiten atau Perusahaan Publik.                                            Corporate Secretary of Issuers or Public Companies.

      Profil Sekretaris Perusahaan                                                         Corporate Secretary Profile
      Pada tahun 2023, Sekretaris Perusahaan dijabat oleh                                  In 2023, the Corporate Secretary will be held by Widi Satya
      Widi Satya Chitra berdasarkan Surat Keputusan Direksi                                Chitra based on the Directors’ Decree dated 10 August
      tertanggal 10 Agustus 2022. Profil Sekretaris Perusahaan                             2022. The profile of the Corporate Secretary is disclosed in
      diungkapkan pada Bab Profil Perusahaan di dalam                                      the Company Profile Chapter in this Annual Report.
      Laporan Tahunan ini.

      Tugas dan Tanggung Jawab Sekretaris Perusahaan                                       Duties and Responsibilities of the Corporate Secretary
      Tugas dan tanggung jawab yang dijalankan oleh                                        The duties and responsibilities carried out by the Corporate
      Sekretaris Perusahaan dijelaskan sebagai berikut.                                    Secretary are explained as follows.
      1. Mengikuti perkembangan pasar modal khususnya                                      1. Follow the development of the capital market, especially
         peraturan-peraturan yang berlaku di bidang pasar modal.                              the regulations that apply in the capital market sector.
      2. Memberikan pelayanan kepada masyarakat atas                                       2. Providing services to the public for any information
         setiap informasi yang dibutuhkan pemodal yang                                        needed by financiers related to the condition of the
         berkaitan dengan kondisi Perseroan.                                                  Company.



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3. Memberikan masukan kepada Direksi Perseroan                 3. Provide input to the Board of Directors of the Company
   untuk mematuhi ketentuan Undang-Undang No.                     to comply with the provisions of Law No. 8 of 1995
   8 tahun 1995 tentang pasar modal dan peraturan                 concerning the capital market and its implementing
   pelaksanaannya.                                                regulations.
4. Menjadi penghubung Perseroan dengan regulator,              4. To be the Company’s liaison with regulators, such as
   seperti Badan Pengawas Pasar Modal (Bapepam),                  the  Capital Market Supervisory Agency (Bapepam), the
   Otoritas Jasa Keuangan, dan Bursa Efek Indonesia;              Financial Services Authority, and the Indonesia Stock
   Pemegang Saham; Investor; serta Masyarakat.                    Exchange; Shareholder; Investor; and Society.

Pelaksanaan Tugas Sekretaris Perusahaan                        Implementation of Duties of Corporate Secretary
Sekretaris Perusahaan telah melaksanakan tugas dan             The Corporate Secretary has carried out its duties and
tanggung jawab dengan baik dan efektif selama tahun            responsibilities properly and effectively during 2023, as
2023, sebagai berikut.                                         follows.
1. Mengikuti perkembangan pasar modal khususnya                1. Follow the development of the capital market, especially
   peraturan-peraturan yang berlaku di bidang pasar modal.         the regulations that apply in the capital market sector.
2. Memberikan pelayanan kepada masyarakat atas                 2. Providing services to the public on any information
   setiap informasi yang dibutuhkan oleh Pemegang                  needed by Shareholders, investors, and stakeholders,
   Saham, investor, dan pemangku kepentingan,                      especially those related to the company’s operational
   terutama yang berkaitan dengan kinerja operasional              performance and financial performance.
   dan kinerja keuangan perusahaan.
3. Memberikan masukan kepada Direksi untuk                     3. Provide input to the Board of Directors to comply
   mematuhi perundang-undang yang berlaku di pasar                withthe prevailing laws in the capital market.
   modal.
4. Menjadi penghubung (liaison officer) antar Perseroan        4. Become a liaison officer between the Company and
   dengan pemangku kepentingan.                                   stakeholders.
5. Menyusun daftar Pemegang Saham termasuk                     5. Compile a register of Shareholders including ownership
   kepemilikan 5% atau lebih.                                     of 5% or more.
6. Menghadiri rapat Dewan Komisaris dan/atau Direksi           6. Attend meetings of the Board of Commissioners and / or
   dan membuat notulensi hasil rapat.                             Board of Directors and make minutes of the meeting results.
7. Bertanggung jawab dalam penyelenggaraan RUPS                7. Responsible for the implementation of the Annual GMS,
   Tahunan, RUPS Luar Biasa, dan Paparan Publik.                  Extraordinary GMS, and Public Expose.
8. Menyampaikan Laporan Tahunan, Laporan Keuangan,             8. Submit annual reports, financial statements, quarterly
   Laporan Triwulanan, dan lainnya kepada Otoritas Jasa           reports, and others to the Financial Services Authority in
   Keuangan secara tepat waktu.                                   a timely manner.

Keterbukaan Informasi                                          Disclosure of Information
Sebagai fasilitator, Sekretaris Perusahaan berperan            As a facilitator, the Corporate Secretary plays an active role
aktif dalam menyediakan informasi bagi pemangku                in providing information to stakeholders, both internal
kepentingan, baik internal ataupun eksternal Perseroan.        and external to the Company. The Corporate Secretary is
Sekretaris Perusahaan dituntut untuk menjaga dan               required to maintain and maintain good relations between
mempertahankan hubungan baik antara Perseroan                  the Company and Shareholders, investors, the public, and
dengan Pemegang Saham, investor, masyarakat, dan               other stakeholders through investor relations and public
pemangku kepentingan lainnya melalui hubungan                  exposure activities every financial year.
investor dan kegiatan paparan publik setiap tahun buku.

Hubungan Investor                                              Investor Relations
Selain mengelola tata administrasi perusahaan,                 In addition to managing corporate administration, the
Sekretaris Perusahaan juga bertanggung jawab atas              Corporate Secretary is also responsible for the information
informasi yang disediakan kepada para investor dengan          provided to investors properly and is updated regularly.
baik dan senantiasa diperbarui secara berkala. Selain          In addition, the Corporate Secretary collaborates with
itu, Sekretaris Perusahaan melakukan kerja sama                analysts to determine the financial condition, performance
dengan analis untuk mengetahui kondisi keuangan,               and outlook of the Company, as well as respond to problems
kinerja dan pandangan terhadap Perseroan, serta                and requests for information needed by stakeholders
merespon permasalahan dan permintaan informasi                 quickly and precisely. In addition, the Company ensures that
yang dibutuhkan oleh para pemangku kepentingan                 all stakeholders have equal rights in obtaining information
secara cepat dan tepat. Selain itu, Perseroan memastikan       related to the company.
seluruh pemangku kepentingan mempunyai hak yang
sama dalam mendapatkan informasi terkait perusahaan.




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      Paparan Publik                                                                       Public Expose
      Paparan publik atau public expose merupakan agenda                                   Public expose is an annual agenda that must be held by
      tahunan yang wajib diselenggarakan oleh Perseroan                                    the Company to provide information to Shareholders
      untuk memberikan informasi kepada Pemegang                                           regarding the progress / performance of the Company
      Saham terkait progres/kinerja Perseroan setiap tahun                                 every financial year. In 2023, the Company has carried out 1
      buku. Pada tahun 2023, Perseroan telah melaksanakan                                  public expose on June 27, 2023 and its implementation has
      1 kali paparan publik pada tanggal 27 Juni 2023 dan                                  been reported to the regulator regarding the Annual Public
      pelaksanaannya telah dilaporkan kepada regulator                                     Expose Results Report.
      perihal Laporan Hasil Public Expose Tahunan.

      Peningkatan Kompetensi                                                               Competency Improvement
      Perseroan memberikan kesempatan kepada Sekretaris                                    The Company provides opportunities for the Corporate
      Perusahaan untuk mengikuti berbagai kegiatan                                         Secretary to participate in various competency
      pengembangan kompetensi guna memaksimalkan                                           development activities to maximize functions, duties,
      fungsi, tugas, dan tanggung jawab, serta memperluas                                  and responsibilities, as well as broaden horizons related
      wawasan terkait aktivitas bisnis yang dijalankan.                                    to business activities carried out. Information related to
      Informasi terkait pengembangan kompetensi yang                                       competency development participated by Mr. Widi Satya
      diikuti oleh Bapak Widi Satya Chitra selama tahun                                    Chitra during 2023 has been submitted in the information
      2023 telah disampaikan pada informasi peningkatan                                    on improving the competence of the Board of Directors in
      kompetensi Direksi di dalam Laporan Tahunan ini.                                     this Annual Report.


      Unit Audit Internal                                                                  Unit Audit Internal

      Unit Audit Internal merupakan organ pendukung                                        The Internal Audit Unit is a supporting organ of the Board
      Direksi yang bertanggung jawab dalam mengawasi                                       of Directors that is responsible for overseeing the internal
      proses internal audit, sistem pengendalian internal,                                 audit process, internal control system, risk management
      sistem manajemen risiko, serta mengawasi penerapan                                   system, and overseeing the comprehensive implementation
      GCG secara komprehensif. Selain itu, Unit Audit                                      of GCG. In addition, the Internal Audit Unit is required
      Internal diwajibkan untuk memberikan keyakinan                                       to provide independent and objective confidence and
      dan konsultasi yang independen dan objektif kepada                                   consultation to the Board of Directors regarding internal
      Direksi terkait perbaikan internal ataupun proses                                    improvements or risk mitigation processes.
      mitigasi risiko.

      Tujuan utama dibentuknya Unit Audit Internal, yaitu:                                 The main objectives of the establishment of the Internal
                                                                                           Audit Unit are:
      a. Meningkatkan nilai serta memperbaiki operasional                                  a. Increase value and improve company operations and
         perusahaan dan kepatuhan atas Standard Operating                                     compliance with Standard Operating Procedures (SOP)
         Procedure (SOP) yang telah ditetapkan perusahaan;                                    set by the company;
      b. Membantu memastikan kepatuhan perusahaan atas                                     b. Help ensure the company’s compliance with applicable
         ketentuan peraturan perundang-undangan yang                                          laws and regulations; and
         berlaku; serta
      c. Meningkatkan pelaksanaan tata kelola perusahaan                                   c. Improve the implementation of good corporate
         yang baik.                                                                           governance.

      Pedoman Kerja Unit Audit Internal                                                    Internal Audit Unit Work Guidelines
      Pedoman kerja Unit Audit Internal merujuk pada Piagam                                The Internal Audit Unit work guidelines refer to the Internal
      Audit Internal yang telah diperbarui pada tanggal                                    Audit Charter which has been updated on September 9,
      9 September 2020, dan telah disesuaikan dengan                                       2020, and has been adjusted to the Financial Services
      Peraturan Otoritas Jasa Keuangan No. 56/POJK.04/2015                                 Authority Regulation No. 56/POJK.04/2015 concerning
      tentang Pembentukan dan Pedoman Penyusunan                                           the Establishment and Guidelines for the Preparation of
      Piagam Unit Audit Internal. Adapun isi dari piagam                                   the Internal Audit Unit Charter. The contents of the charter
      tersebut membahas mengenai:                                                          discuss about:
      • Visi, Misi, struktur, tugas, dan tanggung jawab, dan                               • Vision, Mission, structure, duties, and responsibilities,
        ruang lingkup dari Unit Audit Internal;                                               and scope of the  Internal Audit Unit;
      • Persyaratan auditor dalam Unit Audit Internal;                                     • Auditor equirements of auditors in the Internal Audit Unit;
      • Hubungan kerja Unit Audit Internal dengan Komite                                   • The working relationship of the Internal Audit Unit with
        Audit, Audit Eksternal, dan pihak lain;                                               the Audit Committee,  External Audit, and other parties;
      • Pelaksanaan audit dan tindak lanjut hasil audit;                                   • Implementation of audits and follow-up of audit results;
        serta                                                                                 and
      • Kode Etik dan standar perilaku auditor internal.                                   • Code of Ethics and standards of conduct of internal
                                                                                              auditors.




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Susunan Unit Audit Internal                                     Composition of Internal Audit Unit
Pada tahun 2023, Unit Audit Internal Perseroan terdiri          In 2023, the Company’s Internal Audit Unit consists of 1 Head
dari 1 Kepala Unit Audit Internal dan 4 orang anggota.          of Internal Audit Unit and 4 members. The appointment
Pengangkatan anggota Unit Audit Internal merujuk                of members of the Internal Audit Unit refers to the Decree
pada Surat Keputusan Direksi pada tanggal 2 Januari             of the Board of Directors on January 2, 2017 and has been
2017 dan telah disetujui oleh Dewan Komisaris.                  approved by the Board of Commissioners.

Kepala Unit Audit Internal dijabat oleh Yuni Anna pada          The Head of Internal Audit Unit is held by Yuni Anna in
tahun 2023. Profil beliau telah diungkapkan pada Bab            2023. Her profile has been disclosed in the Corporate Profile
Profil Perusahaan di dalam Laporan Tahunan ini.                 Chapter of this Annual Report.

Struktur dan Kedudukan Unit Audit Internal                      Structure and Position of Internal Audit Unit
Struktur dan kedudukan Unit Audit Internal diuraikan            The structure and position of the Internal Audit Unit are
sebagai berikut.                                                described as follows.
1. Unit Audit Internal dipimpin oleh seorang Kepala Unit        1. The Internal Audit Unit is led by a Head of Internal Audit
   Audit Internal.                                                 Unit.
2. Kepala Unit Audit Internal diangkat dan diberhentikan        2. The Head of Internal Audit Unit is appointed and
   oleh Direktur Utama atas persetujuan Dewan                      dismissed by the President Director with the approval of
   Komisaris.                                                      the Board of Commissioners.
3. Direktur Utama dapat memberhentikan kepala                   3. The President Director may dismiss the head of the
   Unit Audit Internal, setelah mendapat persetujuan               Internal Audit Unit, after obtaining the approval of the
   Dewan Komisaris, jika kepala Unit Audit Internal tidak          Board of Commissioners, if the head of the Internal Audit
   memenuhi persyaratan sebagai Auditor Unit Audit                 Unit does not meet the requirements as an Internal Audit
   Internal dan/atau gagal atau tidak cakap menjalankan            Unit Auditor and/or fails or is incapable of carrying out
   tugas.                                                          his duties.
4. Kepala Unit Audit Internal bertanggung jawab                 4. The Head of Internal Audit Unit is responsible to the
   kepada Direktur Utama.                                          President Director.
5. Auditor yang duduk dalam Unit Audit Internal                 5. Auditors who sit in the Internal Audit Unit are directly
   bertanggung jawab secara langsung kepada Kepala                 responsible to the Head of the Internal Audit Unit.
   Unit Audit Internal.
6. Dalam menjalankan tugasnya Unit Audit Internal               6. In carrying out its duties, the Internal Audit Unit
   berkoordinasi dengan Komite Audit dan auditor                   coordinates with the Audit Committee and external
   eksternal.                                                      auditors.

Tugas dan Tanggung Jawab Unit Audit Internal                    Duties and Responsibilities of Internal Audit Unit
Tugas dan tanggung jawab Unit Audit Internal diuraikan          The duties and responsibilities of the Internal Audit Unit are
sebagai berikut.                                                described as follows.
1. Menyusun dan melaksanakan rencana audit internal             1. Develop and implement an annual internal audit
    tahunan.                                                        plan.
2. Menguji        dan      mengevaluasi        pelaksanaan      2. Test and evaluate the implementation of internal
    pengendalian internal dan sistem manajemen risiko               control and risk management systems in accordance
    sesuai dengan kebijakan perusahaan yang diatur                  with company policies regulated in the Standard
    dalam Standard Operating Procedure (SOP).                       Operating Procedure (SOP).
3. Melakukan pemeriksaan dan penilaian atas efisiensi           3. Examine and assess the efficiency and effectiveness
    dan efektivitas kebijakan-kebijakan Perseroan di bidang         of the Company’s policies in the fields of finance,
    keuangan, akuntansi, operasional, dan kegiatan lainnya.         accounting, operations, and other activities.
4. Memberikan saran perbaikan dan informasi yang                4. Provide suggestions for improvement and objective
    objektif tentang kegiatan yang diperiksa kepada                 information about the activities examined to all levels
    semua tingkat manajemen.                                        of management.
5. Membuat laporan hasil audit dan menyampaikan laporan         5. Make an audit report and submit the report to the
    tersebut kepada Direktur Utama dan Dewan Komisaris.             President Director and the Board of Commissioners.
6. Memantau,         menganalisa,      dan     melaporkan       6. Monitor, analyze, and report on the implementation
    pelaksanaan tindak lanjut perbaikan yang telah                  of follow-up improvements that have been
    dilaksanakan.                                                   implemented.
7. Bekerja sama dengan Komite Audit.                            7. Cooperate with the Audit Committee.
8. Menyusun program untuk mengevaluasi kegiatan                 8. Develop a program to evaluate the internal audit
    audit internal yang dilakukan.                                  activities carried out.
9. Menyusun program pemeriksaan khusus.                         9. Drawing up a special examination program.
10. Melakukan        pemeriksaan      khusus      bilamana      10. Perform special checks where necessary.
    diperlukan.




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      Wewenang Unit Audit Internal                                                         Authority of Internal Audit Unit
      Unit Audit Internal mempunyai wewenang yang                                          The Internal Audit Unit has the powers described below.
      diuraikan sebagai berikut.
      1. Mempunyai otorisasi untuk mendapatkan informasi                                   1. Have authorization to obtain relevant information
         yang relevan tentang Perseroan terkait dengan tugas                                  about the Company related to its duties and functions.
         dan fungsinya.
      2. Melakukan komunikasi secara langsung dengan                                       2. Communicate directly with the Board of Directors, the
         Direksi, Dewan Komisaris, dan/atau Komite Audit.                                     Board of Commissioners, and/or the Audit Committee.
      3. Mengadakan rapat secara berkala dan insidentil                                    3. Hold regular and incidental meetings with the Board of
         dengan Direksi, Dewan Komisaris, dan/atau Komite                                     Directors, the Board of Commissioners, and/or the Audit
         Audit.                                                                               Committee.
      4. Melakukan koordinasi kegiatannya dengan kegiatan                                  4. Coordinating its activities with the activities of external
         auditor eksternal.                                                                   auditors.

      Pelaksanaan Tugas Unit Audit Internal                                                Implementation of Internal Audit Unit Duties
      Sepanjang tahun 2023, Unit Audit Internal telah                                      Throughout 2023, the Internal Audit Unit has carried out
      melaksanakan        tugas,   tanggung     jawab,    dan                              its duties, responsibilities, and authorities properly and in
      wewenangnya dengan baik dan sesuai pedoman kerja                                     accordance with applicable work guidelines, which are
      yang berlaku, yang diuraikan sebagai berikut.                                        described below.
      a. Melakukan rapat bulanan baik secara regular maupun                                a. Conduct regular and incidental monthly meetings
         insidental dengan Direksi dan Komite Audit mengenai                                  with the Board of Directors and the Audit Committee
         efektivitas sistem pengendalian internal, penerapan                                  regarding the effectiveness of the internal control system,
         sistem manajemen risiko, serta update hasil audit                                    the implementation of the risk management system,
         secara keseluruhan.                                                                  and the update of the overall audit results.
      b. Menjaga standar dan kecukupan ruang lingkup                                       b. Maintain the standards and adequacy of the scope of
         pemeriksaan, temuan, dan efektivitas proses audit.                                   examination, findings, and effectiveness of the audit process.
      c. Memastikan bahwa Unit Audit Internal memiliki                                     c. Ensure that the Internal Audit Unit has adequate
         sumber daya yang memadai untuk dapat memenuhi                                        resources to be able to fulfill its independence.
         kemandiriannya.
      d. Melakukan audit sehubungan pengendalian internal                                  d. Conduct audits in connection with internal control and
         dan sistem manajemen risiko yang meliputi bidang                                     risk management systems covering the fields of sales,
         penjualan, pemasaran, pengadaan, logistik, dan toko.                                 marketing, procurement, logistics, and stores.

      Peningkatan Kompetensi                                                               Competency Improvement
      Perseroan memberikan kesempatan yang setara kepada                                   The Company provides equal opportunities to all
      seluruh anggota Unit Audit Internal untuk mengikuti                                  members of the Internal Audit Unit to participate in
      berbagai kegiatan pengembangan kompetensi guna                                       various competency development activities to maximize
      memaksimalkan fungsi, tugas, dan tanggung jawab,                                     functions, duties, and responsibilities, as well as broaden
      serta memperluas wawasan terkait aktivitas bisnis                                    their horizons related to business activities carried out. In
      yang dijalankan. Di tahun 2023, anggota unit ini telah                               2023, members of this unit have carried out competency
      melaksanakan kegiatan pengembangan kompetensi                                        development activities independently through books,
      secara mandiri melalui buku, media digital, seminar,                                 digital media, seminars, workshops, and other media.
      workshop, dan media lainnya.


      Sistem Pengendalian Internal                                                         Internal Control System

      Dalam rangka menjaga proses bisnis berjalan dengan                                   In order to maintain business processes running well and
      baik dan menghindari berbagai kerugian material                                      avoid various material or non-material losses, the Company
      ataupun non material, Perseroan menerapkan sistem                                    implements an integrated internal control system in every
      pengendalian internal yang saling terintegrasi pada                                  aspect of the business. The implementation of this system
      setiap aspek bisnis. Penerapan sistem ini juga untuk                                 is also to provide protection for the company’s wealth and
      memberikan perlindungan terhadap kekayaan dan aset-                                  assets, as well as ensure that all of the Company’s business
      aset perusahaan, serta memastikan seluruh proses bisnis                              processes are in accordance with applicable regulations.
      Perseroan sesuai dengan peraturan yang berlaku.

      Penerapan Sistem Pengendalian Internal                                               Implementation of Internal Control System
      Unit Audit Internal bersama Direksi dan divisi/unit                                  The Internal Audit Unit together with the Board of Directors
      kerja lainnya telah menetapkan aspek pengendalian                                    and other divisions/work units have determined the
      Perseroan berfokus pada pengendalian keuangan dan                                    control aspects of the Company focusing on financial and
      operasional, yang diuraikan sebagai berikut.                                         operational control, which are described as follows.




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  Analisis Dan Pembahasan Manajemen                           Tata Kelola Perusahaan                                       Laporan Keberlanjutan
  Management Discussion And Analysis                          Good Corporate Governance                                    Sustainability Report




               Sistem Pengendalian Keuangan                                                Financial Control System

Manajemen Perseroan melakukan evaluasi secara berkala               The Company’s management periodically evaluates projected
atas proyeksi arus kas, termasuk jadwal jatuh tempo utang.          cash flow, including the debt maturity schedule. Management
Manajemen juga memantau dan menjaga jumlah kas dan                  also monitors and maintains the amount of cash and cash
setara kas yang dianggap memadai untuk membiayai                    equivalents deemed adequate to finance the Company’s
kegiatan operasional Perseroan. Untuk mengurangi                    operational activities. To reduce the amount of uncollectible
jumlah piutang yang tidak tertagih Perseroan memantau               receivables, the Company monitors the collectibility of
kolektibilitas piutang secara berkala. Dalam pengambilan            receivables on a regular basis. In making decisions on loans
keputusan terhadap pinjaman yang ditawarkan oleh kreditur,          offered by creditors, the Company conducts a review to obtain
Perseroan melakukan penelaahan untuk mendapatkan                    a favorable interest rate before making a decision to enter into
suku bunga yang menguntungkan sebelum mengambil                     a debt bond.
keputusan untuk melakukan perikatan utang.

Untuk memaksimalkan pendapatan, Perseroan juga                      To maximize revenue, the Company also monitors and
memantau dan mengevaluasi penempatan dana yang                      evaluates the placement of idle funds in banks that have
tidak terpakai (idle fund) pada bank-bank yang mempunyai            good credibility and provide high interest rates. In an effort
kredibilitas baik serta memberikan tingkat pengembalian             to present reliable financial reporting, the Company conducts
bunga yang tinggi. Dalam upaya untuk menyajikan pelaporan           tiered reviews and ensures that the financial data presented
keuangan yang handal, Perseroan melakukan review secara             in the Financial Statements meet generally accepted financial
berjenjang dan memastikan data-data keuangan yang                   accounting standards in Indonesia.
disajikan dalam Laporan Keuangan telah memenuhi standar
akuntansi keuangan yang berlaku umum di Indonesia.


               Sistem Pengendalian Operasional                                           Operational Control System

Untuk memaksimalkan aktivitas operasional, setiap toko              To maximize operational activities, each store of the Company
Perseroan memiliki manajer toko yang menyediakan data               has a store manager who provides operational data every day
operasional setiap hari melalui sistem teknologi informasi ke       through an information technology system to the head office,
kantor pusat, sehingga laporan penjualan dapat diketahui            so that sales reports can be known at all times. The Company
setiap saat. Perseroan juga menyelenggarakan rapat bulanan          also holds monthly meetings with store managers to analyze
dengan manajer toko untuk menganalisa hasil operasional             operational results and based on the experience of each store,
dan berdasarkan pengalaman tiap-tiap toko, manajer toko             store managers provide suggestions for improvements to store
memberikan saran-saran perbaikan pada pengoperasian                 operations, initiatives to increase sales and changes to the
toko, inisiatif untuk meningkatkan penjualan dan perubahan          Company’s product range. To maintain consistency over the
terhadap ragam produk Perseroan. Untuk menjaga konsistensi          consumer shopping experience, the Company determines routine
atas pengalaman berbelanja konsumen, Perseroan menentukan           operational procedures in all existing store networks.
prosedur operasional rutin di semua jaringan toko yang ada.

Dalam kegiatan pendistribusian persediaannya, Perseroan             In its inventory distribution activities, the Company implements
menerapkan proses sentralisasi supply chain yang diyakini           a supply chain centralization process which is believed to result
akan menghasilkan menajemen persediaan yang lebih baik.             in better inventory management. The Company’s consignment
Pemasok dan vendor konsinyasi Perseroan mendistribusikan            suppliers and vendors distribute small and medium-sized
produk-produk yang berukuran kecil dan sedang langsung              products directly to stores, while products in large quantities and
ke toko, sementara produk dalam jumlah dan ukuran besar             sizes are shipped to 10 distribution warehouses. The distribution
dikirim ke 10 gudang distribusi. Pendistribusian persediaan         of supplies is carried out every day depending on the demand
dilakukan setiap hari tergantung pada permintaan di tiap toko       in each store outside Jakarta and its surroundings. Currently,
di luar Jakarta dan sekitarnya. Saat ini, Perseroan memiliki dan    the Company owns and operates 60 delivery vehicles to handle
mengoperasikan 60 kendaraan pengiriman untuk menangani              logistics operations, including delivery to consumer locations
kegiatan operasi logistik, termasuk pengiriman ke lokasi            and transportation from warehouse to store or from warehouse
konsumen dan transportasi dari gudang ke toko atau dari             to customer.
gudang kepada pelanggan.

Perseroan secara hati-hati mengawasi dan mengelola tingkat          The Company carefully monitors and manages inventory
persediaan untuk sebisa mungkin menyesuaikan kuantitas              levels to adjust the quantity owned as much as possible to
yang dimiliki dengan permintaan konsumen. Perseroan                 consumer demand. The Company does not store inventory for
tidak menyimpan persediaan untuk produk-produk generik              generic products because these products are sold through a
karena produk ini dijual melalui sistem konsinyasi. Pemasok         consignment system. Suppliers usually inform the Company of
biasanya menginformasikan kepada Perseroan mengenai                 product dismissal approximately 2 to 3 months in advance, so
pemberhentian produk kurang lebih 2 sampai 3 bulan                  that the Company can design promotions with suppliers to sell
di muka, sehingga Perseroan dapat merancang promosi                 inventory of products that will be discontinued. The Company
bersama pemasok untuk menjual persediaan produk yang                also employs full-time employees at the store level to monitor
akan dihentikan. Perseroan juga memperkerjakan pegawai              inventory levels and identify products experiencing slowing sales.
tetap di tingkat toko untuk mengawasi tingkat persediaan            For the year ended December 31, 2022, the Company’s average
dan mengidentifikasi produk yang mengalami perlambatan              daily inventory turnover, calculated by dividing 365 days over the
penjualan. Untuk tahun yang berakhir tanggal 31 Desember            ratio of cost of goods sold for the year set to the average inventory
2023, rata-rata perputaran persediaan harian Perseroan,             for a year is 42 days.
dihitung dengan membagi 365 hari atas rasio harga pokok
penjualan untuk tahun yang ditetapkan terhadap rata-rata
persediaan untuk setahun adalah 42 hari.




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            Kilas Kinerja                                                          Laporan Manajemen                                         Profil Perusahaan
            Performance Glimpses                                                   Management Reports                                        Company Profile




                           Sistem Pengendalian Operasional                                                  Operational Control System

         Perseroan melakukan pemeriksaan persediaan setiap 3 bulan                        The Company conducts inventory checks every 3 months by the
         oleh bagian akunting dan pengecekan gudang setiap bulan                          accounting department and warehouse checks every month
         untuk melengkapi perhitungan fisik atas produk-produk di                         to complete the physical calculation of products in stores and
         toko dan gudang secara mingguan. Untuk mengurangi risiko                         warehouses on a weekly basis. To reduce the risk of inventory loss,
         kehilangan persediaan, Perseroan mengaplikasikan sensor anti                     the Company applies anti-theft sensors (sensormatic tags) on
         pencurian (sensormatic tag) pada telepon selular dan gadget                      cellular phones and other gadgets, CCTV cameras, and presents
         lainnya, kamera CCTV, dan menghadirkan petugas keamanan                          security personnel in each of the Company’s stores.
         di setiap toko Perseroan.



      Tinjauan atas Efektivitas Sistem Pengendalian                                       Review of the Effectiveness of the Internal Control
      internal                                                                            System
      Tinjauan atas efektivitas sistem pengendalian internal                              Reviews of the effectiveness of the internal control system
      dilaksanakan secara berkala untuk mengetahui                                        are carried out periodically to determine deficiencies or
      kekurangan ataupun kelemahan dalam penerapan                                        weaknesses in the implementation of the system. The
      sistem tersebut. Unit Audit Internal dan Direksi                                    Internal Audit Unit and the Board of Directors conduct
      melakukan penilaian dan pengawasan, yang kemudian                                   assessments and supervision, which are then reported to the
      dilaporkan kepada Dewan Komisaris dan Komite                                        Board of Commissioners and Audit Committee for review,
      Audit untuk ditelaah, serta memberikan saran dan                                    as well as provide suggestions and recommendations
      rekomendasi peningkatan sistem pengendalian internal                                for improving the internal control system in subsequent
      pada periode-periode berikutnya.                                                    periods.

      Pernyataan Dewan Komisaris dan Direksi atas                                         Statement of the Board of Commissioners and Board of
      Kecukupan Sistem Pengendalian Internal                                              Directors on the Adequacy of the Internal Control System
      Pada tahun 2023, Dewan Komisaris dan Direksi menilai                                In 2023, the Board of Commissioners and Board of Directors
      penerapan sistem pengendalian internal telah berjalan                               assess that the implementation of the internal control
      dengan baik dan efektif. Hal tersebut dilihat dari tidak                            system has run well and effectively. This can be seen from
      adanya pelanggaran yang terjadi dalam aktivitas                                     the absence of violations that occur in business activities,
      bisnis, baik aktivitas operasional ataupun keuangan.                                both operational and financial activities. However, the
      Akan tetapi, Dewan Komisaris dan Direksi berharap                                   Board of Commissioners and Board of Directors hope that
      pelaksanaan sistem ini dapat ditingkatkan setiap                                    the implementation of this system can be improved every
      tahunnya untuk menjaga kebersinambungan usaha.                                      year to maintain business continuity.


      Sistem Manajemen Risiko                                                             Risk Management System

      Sistem manajemen risiko dibentuk untuk menghindari,                                 The risk management system was established to avoid,
      mengurangi, dan menjauhkan berbagai risiko yang                                     reduce, and keep away various risks arising from the
      ditimbulkan dari aktivitas bisnis Perseroan. Penerapan                              Company’s business activities. The implementation of
      sistem ini dimulai dari identifikasi, pengelompokan,                                this system starts from identifying, grouping, evaluating,
      evaluasi, serta penentuan mitigasi yang tepat dan                                   and determining appropriate mitigations and adjusted to
      disesuaikan dengan kebijakan yang berlaku.                                          applicable policies.

      Jenis dan Mitigasi Risiko POJK.51-E3                                                Types and Risk Mitigation
      Perseroan telah menentukan jenis risiko beserta                                     The Company has determined the types of risks and their
      mitigasinya, yang diuraikan sebagai berikut.                                        mitigations, which are described as follows.


                                            Jenis Risiko Types of Risks                                                     Mitigasi Mitigation

        Penurunan pasar konsumen elektronik dan kondisi ekonomi Indonesia                                         Perseroan senantiasa menyusun
        Kondisi ekonomi Indonesia memberikan dampak terhadap kondisi pasar konsumen                               upaya mitigasi yang efektif dan efisien
        elektronik. Perubahan ekonomi domestik, regional, atau global misalnya dalam masa                         untuk mengelola berbagai jenis risiko
        resesi dapat mengakibatkan menurunnya daya beli konsumen. Dengan adanya                                   yang dihadapi. Adapun langkah
                                                                                                                  mitigasi yang telah ditetapkan oleh
        perubahan kondisi ekonomi dan penurunan daya beli konsumen, maka Perseroan                                Perseroan diuraikan sebagai berikut.
        mungkin akan menghadapi penurunan penjualan, kenaikan biaya dan penurunan                                 a. Perseroan menjalankan prosedur
        marjin yang dapat memberikan dampak material yang negatif terhadap bisnis, arus                              operasi standar di seluruh lini
        kas, hasil operasional, kondisi keuangan, dan prospek usaha Perseroan.                                       operasi Perseroan.




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   Analisis Dan Pembahasan Manajemen                             Tata Kelola Perusahaan                                        Laporan Keberlanjutan
   Management Discussion And Analysis                            Good Corporate Governance                                     Sustainability Report




                              Jenis Risiko Types of Risks                                                        Mitigasi Mitigation

The decline in the consumer electronics market and Indonesia’s economic condition                    b. Perseroan       menjalankan     dan
Indonesia’s economic condition has an impact on the condition of the consumer                           mengembangkan kendali internal
electronics market. Changes in the domestic, regional, or global economy, for example                   untuk menjaga aset yang dimiliki
during a recession, can result in a decrease in consumer purchasing power. With changes                 Perseroan.
                                                                                                     c. Perseroan               menjalankan
in economic conditions and a decrease in consumer purchasing power, the Company may                     prinsip     kehati-hatian    dengan
face a decrease in sales, increased costs and decreased margins that can have a negative                mengembangkan metode “check
material impact on the Company’s business, cash flow, operating results, financial                      and balance” serta melaksanakan
condition, and business prospects.                                                                      studi       kelayakan       sebelum
                                                                                                        mengambil keputusan dalam
                                                                                                        kebijakan ekspansi Perseroan.
Program ekspansi Perseroan yang mungkin tidak berjalan seperti yang                                  d. Perseroan melakukan penilaian
                                                                                                        dalam        memilih        pemasok
diharapkan
                                                                                                        dengan menekankan penilaian
Sebagai bagian dari strategi pertumbuhan, Perseroan berencana memperkuat posisi                         pada beberapa kriteria untuk
sebagai peritel elektronik terdepan di Indonesia dengan melakukan ekspansi jaringan                     mempertahankan kualitas produk
toko. Keberhasilan pembukaan dan pengoperasian toko-toko baru tergantung dari                           Perseroan.
beberapa faktor, antara lain:                                                                        The Company always develops effective
1. Kemampuan mengidentifikasi dan membeli lahan atau menyewa lokasi yang tepat                       and efficient mitigation efforts to
   untuk toko baru, waktu yang dibutuhkan dan biaya yang timbul untuk memperoleh                     manage various types of risks faced.
                                                                                                     The mitigation measures that have
   lokasi;
                                                                                                     been determined by the Company are
2. Negosiasi dan mendapatkan kesepakatan yang menguntungkan dari pemasok dan                         described as follows.
   vendor konsinyasi;                                                                                a. The Company carries out standard
3. Mempertahankan keberhasilan dari sistem pengelolaan biaya logistik yang efektif;                     operating procedures in all lines of
4. Keberhasilan dalam mengintegrasikan toko-toko baru ke dalam kegiatan                                 the Company’s operations.
   operasional yang sudah ada dan pencapaian sinergi dan skala ekonomi yang terkait;                 b. The Company exercises and develops
   dan                                                                                                  internal controls to maintain the
5. Efektivitas kegiatan pemasaran;                                                                      assets owned by the Company.
                                                                                                     c. The       Company         implements
   a. Merekrut, melatih, dan mempertahankan tenaga terampil;
                                                                                                        the precautionary principle by
   b. Pengawasan ketat terhadap kinerja dari toko-toko baru dan penyesuaian produk                      developing a “check and balance”
      untuk memenuhi selera konsumen; serta                                                             method and conducting a feasibility
   c. Memperoleh persetujuan peraturan dan perizinan yang diperlukan secara tepat                       study before making decisions in the
      waktu.                                                                                            Company’s expansion policy.
Setiap kegagalan toko-toko baru dalam mencapai keberhasilan operasionalnya dapat                     d. The     Company      conducts     an
memberikan dampak material yang negatif terhadap bisnis, arus kas, hasil operasional,                   assessment in selecting suppliers
                                                                                                        by emphasizing the assessment
kondisi keuangan, dan prospek usaha Perseroan.
                                                                                                        on several criteria to maintain the
The Company’s expansion program may not run as expected                                                 quality of the Company’s products.
As part of its growth strategy, the Company plans to strengthen its position as a leading
electronics retailer in Indonesia by expanding its store network. The successful opening and
operation of new stores depends on several factors, including:
1. The ability to identify and purchase land or lease the right location for a new store, the
   time required and the costs incurred to acquire a location;
2. Negotiate and obtain favorable deals from suppliers and consignment vendors;
3. Maintaining the success of an effective logistics cost management system;
4. Success in integrating new stores into existing operations and achieving associated
   synergies and economies of scale; and
5. The effectiveness of marketing activities;
   a. Recruiting, training, and retaining skilled personnel;
   b. Close supervision of the performance of new stores and product adjustments to meet
      consumer tastes; and
   c. Obtain regulatory approvals and necessary permits in a timely manner.
Any failure of new stores to achieve operational success can have a material negative
impact on the Company’s business, cash flow, operating results, financial condition, and
business prospects.

Perseroan mungkin tidak bisa memperpanjang sewa properti yang ada karena
adanya ketentuan yang tidak dapat diterima
Perseroan mungkin mengalami kenaikan biaya sewa dan Perseroan mungkin
diharuskan menutup toko dengan alasan di luar kendali Perseroan. Setiap berakhirnya
masa sewa, Perseroan harus menegosiasikan ulang kontrak sewa dengan pemilik lokasi
atau jika tidak dapat mendapatkan ketentuan yang dapat diterima, toko Perseroan
mungkin diminta untuk pindah. Beban sewa ruang ritel di Indonesia juga diperkirakan
mengalami peningkatan seiring dengan prediksi laju pertumbuhan ekonomi.




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            Kilas Kinerja                                                          Laporan Manajemen                    Profil Perusahaan
            Performance Glimpses                                                   Management Reports                   Company Profile




                                            Jenis Risiko Types of Risks                                   Mitigasi Mitigation

        Toko-toko Perseroan juga dapat secara terpaksa ditutup atau direlokasi karena
        alasan di luar kendali Perseroan seperti kebakaran, bencana alam, penutupan mal,
        perubahan ketentuan tata ruang atau peraturan pemerintah sehubungan dengan
        ruang sewa. Jika hal-hal tersebut terjadi, dapat memberikan dampak material yang
        negatif terhadap bisnis, arus kas, hasil operasional, kondisi keuangan, dan prospek
        usaha Perseroan.
        The Company may not be able to extend the lease of an existing property due to
        unacceptable provisions
        The Company may experience an increase in rental costs and the Company may be
        required to close the store for reasons beyond the Company’s control. Upon the expiration
        of the lease period, the Company must renegotiate the lease contract with the landlord or if
        unable to obtain acceptable conditions, the Company’s stores may be required to relocate.
        The cost of renting retail space in Indonesia is also expected to increase in line with the
        predicted pace of economic growth.

        The Company’s stores may also be forcibly closed or relocated due to reasons beyond
        the Company’s control such as fires, natural disasters, mall closures, changes in spatial
        provisions or government regulations in connection with rental space. If these things
        happen, it can have a negative material impact on the Company’s business, cash flow,
        operating results, financial condition, and business prospects.

        Perseroan bergantung kepada pemasok utama untuk pembelian produk
        elektronik dalam jumlah besar dan mungkin tidak dapat mempertahankan
        hubungan dengan pemasok utama
        Variasi produk dan merek yang bisa ditawarkan Perseroan tergantung pada pemasok
        utama. Beberapa pemasok dapat menyediakan produk yang khusus atau unik yang
        tidak dapat dengan mudah digantikan dengan produk lain dari pemasok lainnya. Jika
        Perseroan tidak dapat mempertahankan hubungan baik dengan pemasok utama,
        maka secara material berdampak negatif terhadap bisnis dan keuntungan Perseroan.
        The Company relies on key suppliers for bulk purchases of electronic products and
        may not be able to maintain relationships with key suppliers
        The variety of products and brands that the Company can offer depends on the main
        suppliers. Some suppliers may provide special or unique products that cannot be easily
        replaced with other products from other suppliers. If the Company is unable to maintain
        good relations with major suppliers, it will materially negatively affect the Company’s
        business and profits.

        Perseroan beroperasi di lingkungan yang semakin kompetitif
        Industri ritel elektronik Indonesia menjadi semakin kompetitif. Meningkatnya
        persaingan dari peritel elektronik modern, peritel asing, dan pendatang baru dapat
        menggerus pangsa pasar Perseroan. Perseroan juga menghadapi persaingan yang
        cukup besar dari peritel tradisional dimana mewakili pangsa pasar terbesar untuk
        sektor ritel elektronik di Indonesia.
        The Company operates in an increasingly competitive environment
        Indonesia’s electronics retail industry is becoming increasingly competitive. Increased
        competition from modern electronics retailers, foreign retailers, and new entrants could
        erode the Company’s market share. The Company also faces considerable competition
        from traditional retailers which represents the largest market share for the electronics retail
        sector in Indonesia.

        Perseroan bergantung pada kekuatan merek “Electronic City”
        Keberhasilan dan pertumbuhan Perseroan yang berkelanjutan tergantung dari
        kemampuan Perseroan untuk melindungi dan mempromosikan merek “Electronic
        City” melalui usaha pemasaran dan promosi. Apabila pemasaran dan promosi
        periklanan Perseroan tidak berhasil atau apabila Perseroan tidak berhasil dalam
        melindungi dan mempromosikan mereknya, persepsi pasar terhadap toko Perseroan
        mungkin memburuk yang dapat memberikan dampak material yang negatif terhadap
        bisnis, arus kas, hasil operasional, kondisi keuangan, dan prospek usaha Perseroan.
        The Company relies on the strength of the “Electronic City” brand
        The Company’s continued success and growth depends on the Company’s ability to
        protect and promote the “Electronic City” brand through marketing and promotional
        efforts. If the Company’s marketing and advertising promotion is unsuccessful or if the
        Company is unsuccessful in protecting and promoting its brand, the market perception
        of the Company’s stores may deteriorate which may have a negative material impact on
        the Company’s business, cash flow, operating results, financial condition, and business
        prospects.




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   Analisis Dan Pembahasan Manajemen                               Tata Kelola Perusahaan                                         Laporan Keberlanjutan
   Management Discussion And Analysis                              Good Corporate Governance                                      Sustainability Report




                              Jenis Risiko Types of Risks                                                          Mitigasi Mitigation

Perseroan mungkin tidak mampu dengan cepat mengidentifikasi dan merespon
perubahan selera, kebiasaan berbelanja, dan sentimen konsumen
Industri ritel elektronik dicirikan dengan perubahan teknologi yang cepat, perubahan
tren pasar dan selera konsumen. Ketidakmampuan Perseroan dalam mempertahankan
keahlian dan kemampuan yang diperlukan untuk mengidentifikasikan tren permintaan
atau selera konsumen dapat memberikan dampak material yang negatif terhadap
bisnis, arus kas, hasil operasional, kondisi keuangan, dan prospek usaha Perseroan.
The Company may not be able to quickly identify and respond to changes in tastes,
shopping habits, and consumer sentiment
Theelectronic retail industry is characterized by rapid technological changes, changing
market trends and consumer tastes. The Company’s inability to maintain the expertise and
ability necessary to identify trends in consumer demand or appetite may have a negative
material impact on the Company’s business, cash flow, operating results, financial
condition, and business prospects.

Polis asuransi Perseroan mungkin tidak mencukupi atau Perseroan mengalami
penundaan antara kerugian asuransi yang terjadi dan penerimaan kompensasi
dari perusahaan asuransi
Perseroan menjaga agar nilai pertanggungan asuransi berada dalam jumlah yang
konsisten dengan standar industri, namun demikian polis asuransi Perseroan tidak
mencakup seluruh risiko dan tergantung pada pengecualian dan pengurangan. Tidak
terdapat jaminan bahwa polis asuransi Perseroan akan mencukupi untuk menutupi
kerugian yang mungkin timbul akibat terjadinya risiko kerusakan pada toko, kantor
pusat, atau fasilitas distribusi Perseroan. Jika Perseroan mengalami kerugian besar
yang tidak diasuransikan atau melebihi nilai pertanggungan secara signifikan, maka
akan memberikan dampak material yang negatif terhadap bisnis, arus kas, hasil
operasional, kondisi keuangan, dan prospek usaha Perseroan.
The Company’s insurance policy may be insufficient or the Company experiences a
delay between the insurance loss incurred and the receipt of compensation from the
insurance company
The Company maintains the value of insurance coverage in an amount consistent with
industry standards, however, the Company’s insurance policy does not cover all risks
and is subject to exemptions and deductions. There is no guarantee that the Company’s
insurance policy will be sufficient to cover losses that may arise due to the risk of damage
to the Company’s stores, head office, or distribution facilities. If the Company suffers a large
uninsured loss or exceeds the coverage value significantly, it will have a negative material
impact on the Company’s business, cash flow, operating results, financial condition, and
business prospects.

Perseroan mungkin mengalami risiko kurs mata uang asing di masa yang akan
datang jika Perseroan menyediakan produk atau melakukan pengeluaran
lainnya dalam mata uang asing
Seluruh pendapatan Perseroan yang dihasilkan dari kegiatan ritel elektronik di
Indonesia dan transaksi sewa dilakukan dalam denominasi mata uang Rupiah. Produk-
produk Perseroan dibeli di dalam negeri melalui transaksi dalam denominasi mata
uang Rupiah. Bea masuk, jika ada ditanggung oleh pemasok atau vendor konsinyasi.
Depresiasi mata uang Rupiah baik sementara atau permanen dapat meningkatkan
biaya Perseroan jika Perseroan memilih sumber produk dari luar negeri dengan
pembayaran dalam mata uang asing yang nantinya dapat memberikan dampak
material yang negatif terhadap bisnis, arus kas, hasil operasional, kondisi keuangan,
dan prospek usaha Perseroan.
The Company may experience foreign exchange risk in the future if the Company
provides products or makes other expenses in foreign currencies
All of the Company’s revenue generated from electronic retail activities in Indonesia and
rental transactions is denominated in Rupiah. The Company’s products are purchased
domestically through transactions denominated in Rupiah. Customs duties, if any, are
borne by the consignment supplier or vendor. Rupiah depreciation, whether temporary or
permanent, can increase the Company’s costs if the Company chooses to source products
from abroad with payments in foreign currencies which can later have a negative material
impact on the Company’s business, cash flow, operating results, financial condition, and
business prospects.




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            Kilas Kinerja                                                          Laporan Manajemen                                     Profil Perusahaan
            Performance Glimpses                                                   Management Reports                                    Company Profile




      Tinjauan atas Efektivitas Sistem Manajemen Risiko                                    Overview of the Effectiveness of Risk Management
                                                                                           Systems
      Unit Audit Internal bersama Direksi melakukan                                        The Internal Audit Unit together with the Board of Directors
      peninjauan secara berkala untuk mengetahui efektivitas                               conduct periodic reviews to determine the effectiveness of
      penerapan sistem manajemen risiko, serta kelemahan                                   the implementation of the risk management system, as
      dan kekurangannya. Hasil dari peninjauan tersebut                                    well as its weaknesses and shortcomings. The results of the
      kemudian disampaikan kepada Dewan Komisaris dan                                      review are then submitted to the Board of Commissioners
      Komite Audit untuk ditelaah lebih lanjut, serta meminta                              and Audit Committee for further review, as well as asking
      saran atau rekomendasi perbaikan dalam penerapan                                     for suggestions or recommendations for improvements in
      sistem manajemen risiko di periode-periode berikutnya.                               the implementation of the risk management system in the
                                                                                           following periods.

      Pernyataan Dewan Komisaris dan Direksi Atas                                          Statement of the Board of Commissioners and Board
      Penerapan Sistem Manajemen Risiko                                                    of Directors on the Implementation of the Risk
                                                                                           Management System
      Dewan Komisaris dan Direksi memandang penerapan                                      The Board of Commissioners and Board of Directors views
      sistem manajemen risiko telah berjalan dengan                                        that the implementation of the risk management system
      cukup baik dan efektif selama tahun 2023. Kondisi                                    has run quite well and effectively during 2023. This condition
      ini ditunjukkan dengan tidak terjadinya risiko yang                                  is indicated by the absence of material risks, as well as the
      bersifat materil, serta adanya prosedur mitigasi yang                                existence of effective mitigation procedures. However, the
      efektif. Namun, Dewan Komisaris dan Direksi berharap,                                Board of Commissioners and Board of Directors hope that
      penerapan sistem ini senantiasa ditingkatkan dalam                                   the implementation of this system will always be improved
      setiap tahun buku.                                                                   in every financial year.


      Audit Eksternal                                                                      External Audit

      Perseroan telah menunjuk kembali Kantor Akuntan                                      The Company has reappointed Public Accountant Firm
      Publik (KAP) Mirawati Sensi Idris dan Akuntan Publik (AP)                            Mirawati Sensi Idris and Public Accountant Henri Sinurat
      Henri Sinurat untuk melakukan audit terhadap Laporan                                 to audit the Company’s Financial Statements ended
      Keuangan Perseroan yang berakhir pada tanggal 31                                     December 31, 2023. The appointment was made in the
      Desember 2023. Penunjukan tersebut dilakukan dalam                                   implementation of the Annual GMS on June 27, 2023 and
      pelaksanaan RUPS Tahunan pada tanggal 27 Juni 2023                                   Letter of Appointment dated 15 August 2023. The costs
      dan berdasarkan pada Surat Penunjukan tanggal 15                                     incurred by the Company for the Financial Statement audit
      Agustus 2023. Adapun biaya yang dikeluarkan oleh                                     services amounted to Rp850 million.
      Perseroan untuk jasa audit Laporan Keuangan tersebut
      sebesar Rp850 juta.

      KAP dan AP yang ditunjuk oleh Perseroan hanya                                        KAP and AP appointed by the Company only provide
      memberikan jasa terkait audit Laporan Keuangan                                       services related to auditing Financial Statements for one
      selama satu tahun buku. Selain itu, KAP dan AP tidak                                 financial year. In addition, KAP and AP do not provide or
      memberikan atau menawarkan jasa lainnya.                                             offer other services.


      Kode Etik Perusahaan                                                                 Company Code of Conduct

      Kode Etik merupakan seperangkat aturan yang disusun                                  The Code of Ethics is a set of rules prepared by the Company
      oleh Perseroan sebagai pedoman dalam melaksanakan                                    as a guideline in carrying out duties and responsibilities in
      tugas dan tanggung jawab di lingkungan kerja.                                        the work environment. The application of the Code of Ethics
      Penerapan Kode Etik diberlakukan kepada seluruh                                      applies to all company personnel including the Board of
      insan perusahaan termasuk Dewan Komisaris, Direksi,                                  Commissioners, Board of Directors, Management, and
      Manajemen, dan Pemegang Saham.                                                       Shareholders.

      Isi Kode Etik Perusahaan                                                             Contents of the Company’s Code of Ethics
      Isi dari Kode Etik perusahaan diuraikan pada tabel                                   The contents of the company’s Code of Ethics are outlined
      berikut.                                                                             in the following table.




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   Management Discussion And Analysis                               Good Corporate Governance                                       Sustainability Report




        Isi Kode Etik                                                                   Penjelasan
 Contents of the Code of Ethics                                                         Explanation


Perlindungan Aset Perusahaan       Setiap karyawan bertanggung jawab atas prosedur dan pengamanan aset perusahaan yang telah dikuasakan
Corporate Asset Protection         langsung kepada karyawan dan wajib melaporkan kepada atasan atau Divisi Sumber Daya Manusia jika terjadi
                                   penyalahgunaan atas aset perusahaan.
                                   Each employee is responsible for the procedures and security of company assets that have been authorized directly
                                   to employees and is obliged to report to the superior or Human Resources Division in the event of misuse of
                                   company assets.

Informasi Rahasia                  Setiap karyawan bertanggung jawab untuk menjaga dan menyimpan informasi rahasia Perseroan.
Confidential Information           Penggunaan informasi rahasia Perseroan untuk keperluan di luar kepentingan Perseroan harus seizin orang
                                   yang mempunyai wewenang terhadap informasi tersebut atau harus seizin atasan.
                                   Each employee is responsible for maintaining and storing confidential information of the Company. The use of the
                                   Company’s confidential information for purposes outside the interests of the Company must be with the permission of
                                   the person who has authority over the information or must be with the permission of the superior.

Penggunaan Informasi Rahasia       Setiap karyawan mempunyai wewenang untuk mempergunakan informasi rahasia yang dipercayakan
Use of Confidential Information    kepadanya sebatas dalam kaitannya dengan tanggung jawab perkerjaannya.
                                   Each employee has the authority to use confidential information entrusted to him to the extent that it relates to his
                                   or her job responsibilities.

Perjanjian Kerahasiaan             Perjanjian kerahasiaan mengharuskan semua karyawan yang meninggalkan Perseroan untuk tidak
Confidentiality Agreement          membocorkan atau menyalahgunakan informasi rahasia yang diketahui ketika bekerja di Perseroan.
                                   The confidentiality agreement requires all employess who leave the Company not to divulge or misuse confidential
                                   information known while working in the Company.

Catatan dan Informasi yang         Setiap karyawan bertanggung jawab atas keakuratan pencatatan dan informasi yang berkaitan dengan
Akurat                             tanggung jawab pekerjaannya. Apabila ditemukan adanya kesalahan, maka sesegera mungkin dilakukan
Accurate Records and Information   penyesuaian dan perbaikan atas kesalahan tersebut.
                                   Each employee is responsible for the accuracy of records and information relating to his job responsibilities. If an
                                   error is found, then adjustments and corrections to the error are made as soon as possible.

Tanggung Jawab Terhadap            Perseroan berusaha secara konsisten menjamin kualitas dan harga produk, tingkat pelayanan, layanan purna
Kualitas                           jual, dan pengelolaan proses barang yang dijual untuk memenuhi harapan setiap pelanggan Perseroan.
Responsibility for Quality         The Company strives to consistently guarantee the quality and price of products, service levels, after-sales service
                                   and process management of goods sold to meet the expectations of each of the Company’s customers.

Tanggung Jawab Terhadap            Perusahaan memiliki komitmen menjual produk yang aman dan ramah lingkungan. Perseroan mengadakan
Keamanan dan Keselamatan           pelatihan-pelatihan mengenai cara-cara operasi yang aman untuk menjamin keamanan dan keselamatan di
Responsibility for Security and    lingkungan kerja. Lingkungan kerja juga telah memenuhi persyaratan pemerintah mengenai kesehatan dan
Safety                             keselamatan kerja.
                                   The company is committed to selling safe and environmentally friendly products. The Company conducts trainings
                                   on safe ways of operation to ensure security and safety in the work environment. The work environment has also
                                   met the government’s requirements regarding occupational health and safety.

Tanggung Jawab Terhadap            Dalam kebijakan seleksi, penempatan tenaga kerja, dan promosi Perseroan memberikan kesempatan yang
Karyawan                           sama untuk setiap karyawan. Perseroan juga menjamin lingkungan kerja yang bebas dari gangguan dan
Responsibility towards Employees   ancaman bagi setiap karyawannya.
                                   In the policy of selection, placement of workers, and promotion of the Company, it provides equal opportunities for
                                   every employee. The Company also guarantees a work environment that is free from disturbances and threats to
                                   each of its employees.

Tanggung Jawab Terhadap            Perseroan dan setiap karyawan mematuhi undang-undang, persyaratan pemerintah, dan Peraturan
Masyarakat                         Perusahaan yang berkaitan dengan pelestarian lingkungan. Di lingkungan kerja, setiap karyawan diwajibkan
Responsibility to Society          bertindak sebagai warga negara yang bertanggung jawab.
                                   The Company and each employee comply with laws, government requirements, and Company Regulations relating
                                   to environmental conservation. In the work environment, each employee is obliged to act as a responsible citizen.


Informasi Kompetitif               Perseroan akan selalu menjaga dan mematuhi etika, norma-norma, dan peraturan yang berlaku terhadap
Competitive Information            informasi yang diperoleh mengenai Perseroan lain, termasuk pelanggan, rekanan, dan pesaing.
                                   The Company will always maintain and comply with ethics, norms, and regulations that apply to information
                                   obtained about other Companies, including customers, partners, and competitors.

Hadiah dan Hiburan                 Untuk menghindari terjadinya konflik kepentingan, seluruh karyawan Perseroan dilarang untuk menerima
Gifts and Entertainment            hadiah dan/atau jasa dalam bentuk apapun yang ditafsirkan dapat mempengaruhi hubungan bisnis ataupun
                                   menimbulkan keterikatan. Perseroan dan karyawan tidak diperbolehkan melakukan pembayaran yang
                                   tidak sah baik langsung maupun tidak langsung kepada petugas pemerintah dan aparat pemerintah untuk
                                   kemudahan dalam bisnis perusahaan.
                                   To avoid conflicts of interest, all employees of the Company are prohibited from receiving gifts and/or services in any
                                   form that are interpreted to affect business relationships or cause attachment. The Company and its employees are
                                   not allowed to make unauthorized payments either directly or indirectly to government officers and government
                                   officials for convenience in the company’s business.

Prosedur Penggantian               Perseroan akan mengganti semua pengeluaran karyawan sewaktu menjalankan tugas-tugas Perseroan,
Pengeluaran                        sepanjang pengeluaran tersebut beralasan dan memang diperlukan.
Reimbursement Procedure            The Company will reimburse all employee expenses while performing the Company’s duties, as long as such
                                   expenses are reasonable and reasonably necessary.

Konflik Kepentingan                Perseroan mengharapkan karyawan tidak bekerja bagi para pesaing atau rekanan bisnis Perseroan jika
Conflict of Interest               hubungan atau keterikatan tersebut akan bertentangan dengan kepentingan Perseroan.
                                   The Company expects employees not to work for competitors or business partners of the Company if the relationship
                                   or attachment would conflict with the interests of the Company.

Tanggung Jawab dan                 Setiap Direktur, Division Head, Department Head lini bertanggung jawab untuk memastikan Kode Etik
Penerapannya                       Perusahaan ini disampaikan, dimengerti serta ditaati oleh semua karyawan.
Responsibilities and Their         Each Director, Division Head, Department Head is responsible for ensuring the Company’s Code of Conduct is
Application                        delivered, understood and adhered to by all employees.




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            Performance Glimpses                                                   Management Reports                                    Company Profile




      Penegakan Kode Etik                                                                 Code of Conduct Enforcement
      Upaya penegakan Kode Etik dilakukan secara masif                                    Efforts to enforce the Code of Ethics are carried out
      oleh Perseroan untuk meningkatkan kesadaran                                         massively by the Company to increase awareness of all
      seluruh insan perusahaan dan menghindari terjadinya                                 company personnel and avoid substantial violations that
      pelanggaran substansial yang dapat merugikan individu                               can harm individuals or the Company. Enforcement of the
      ataupun Perseroan. Penegakan Kode Etik dilakukan                                    Code of Ethics is carried out through periodic socialization
      melalui sosialisasi secara berkala dalam rapat internal,                            in internal meetings, through websites, email blasts, and
      melalui situs web, email blast, dan media komunikasi                                other internal communication media. The Company is
      internal lainnya. Perseroan juga berkomitmen akan                                   also committed to following up on any violations that
      menindaklanjuti setiap pelanggaran yang terjadi, serta                              occur, and every employee of the company is asked to be
      setiap karyawan perusahaan diminta untuk terbuka                                    open in reporting various violations of the Code of Ethics to
      dalam melaporkan berbagai pelanggaran Kode Etik                                     support the establishment of a safe and comfortable work
      guna mendukung terbentuknya lingkungan kerja yang                                   environment.
      aman dan nyaman.


      Kebijakan Anti Korupsi                                                              Anti-Corruption Policy
      Perseroan berupaya untuk menciptakan lingkungan                                     The Company strives to create an environment that is
      yang transparan dan bersih dari berbagai tindakan                                   transparent and clean from various acts of corruption. For
      korupsi. Untuk itu, Perseroan menerapkan kebijakan anti                             this reason, the Company implements an anti-corruption
      korupsi merujuk pada   Undang-Undang No. 20 Tahun                                   policy referring to Law No. 20 of 2001 concerning the
      2001 tentang Pemberantasan Tindak Pidana Korupsi.                                   Eradication of Criminal Acts of Corruption.


      Benturan Kepentingan                                                                Conflict of Interest
      Benturan kepentingan atau conflict of interest merupakan                            Conflict of interest is a situation where there is a conflict of
      sebuah situasi di mana terdapat konflik kepentingan                                 interest of individuals who use their position and authority
      individu yang memanfaatkan kedudukan dan wewenang                                   for personal, family, or group interests, resulting in the
      yang dimiliki untuk kepentingan pribadi, keluarga,                                  individual being negligent and not objective in carrying
      atau golongannya, yang mengakibatkan individu                                       out their duties. The Company strives to avoid conflicts
      tersebut lalai dan tidak objektif dalam pelaksanaan                                 of interest between the Company’s organs by ensuring
      tugasnya. Perseroan berupaya menghindari terjadinya                                 the affiliation relationship of each organ and disclosing it
      benturan kepentingan antar organ Perseroan dengan                                   transparently in the Annual Report.
      memastikan hubungan afiliasi masing-masing organ
      dan mengungkapkannya secara transparan di dalam
      Laporan Tahunan.

      Per Desember 2023, Perseroan belum membentuk                                        As of December 2023, the Company has not established
      kebijakan khusus terkait benturan kepentingan. Akan                                 a specific policy related to conflicts of interest. However,
      tetapi, Perseroan senantiasa mengawasi potensi                                      the Company always monitors potential conflicts of
      benturan kepentingan tersebut melalui fungsi Komite                                 interest through the Audit Committee function guided
      Audit yang berpedoman pada Peraturan Otoritas Jasa                                  by the Financial Services Authority Regulation No. 42/
      Keuangan No. 42/POJK.04/2020 tentang Transaksi                                      POJK.04/2020 concerning Affiliate Transactions and
      Afiliasi dan Transaksi Benturan Kepentingan.                                        Conflict of Interest Transactions.


      Kebijakan Insider Trading                                                           Insider Trading Policy
      Insider trading merupakan penjualan saham secara                                    Insider trading is the illegal sale of shares by company
      ilegal yang dilakukan oleh orang dalam perusahaan                                   insiders who have access to non-public information services
      yang memiliki akses layanan informasi non-publik untuk                              for profit. The Company seeks to avoid such actions by
      mendapatkan keuntungan. Perseroan berupaya untuk                                    intensifying the implementation of the Code of Ethics, and
      menghindari tindakan tersebut dengan mengintensifkan                                is guided by the Financial Services Authority Regulation No.
      penerapan Kode Etik, serta berpedoman pada Peraturan                                78/POJK.04/2017 concerning Securities Transactions Not
      Otoritas Jasa Keuangan No. 78/POJK.04/2017 tentang                                  Prohibited for Insiders and Article 104 of Law No. 8 of 1995
      Transaksi Efek yang Tidak Dilarang bagi Orang Dalam                                 concerning Capital Market.
      dan Pasal 104 Undang-Undang No. 8 Tahun 1995
      tentang Pasar Modal.


      Perkara Penting dan Sanksi Administrasi                                             Important          Cases        and       Administrative
                                                                                          Sanctions
      Perkara Penting                                                                     Important Points

      Tidak terdapat perkara penting yang dihadapi oleh                                   There are no important matters faced by the Company,
      Perseroan, Entitas Anak, Dewan Komisaris, Direksi,                                  Subsidiaries, Board of Commissioners, Board of Directors,
      ataupun karyawan selama tahun 2023.                                                 or employees during 2023.


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Sanksi Administrasi                                            Administrative Sanctions

Perseroan tidak menerima sanksi administrasi dari              The Company will not receive administrative sanctions
regulator, baik terkait pasar modal ataupun perbankan          from regulators, either related to the capital market or
selama tahun 2023.                                             banking during 2023.


Sistem Pelaporan Pelanggaran                                   Whistleblowing System
Hingga Desember 2023, Perseroan belum menerapkan               As of December 2023, the Company has not implemented
sistem pelaporan pelanggaran yang terstruktur.                 a structured whistleblowing system. This is due to
Hal tersebut dikarenakan atas pertimbangan dari                considerations from management and the current
manajemen dan kondisi perusahaan saat ini. Akan                condition of the company. However, the Company
tetapi, Perseroan menerapkan mekanisme pelaporan               implements an effective whistleblowing mechanism to
pelanggaran yang efektif guna mencegah terjadinya              prevent significant violations.
pelanggaran yang signifikan.

Cara Penyampaian dan Pihak Pengelola Pengaduan                 How to Submit and The Management of Complaints
Perseroan menyediakan sarana untuk melaporkan                  The Company provides a means to report violations
pelanggaran yang dilakukan oleh insan perusahaan,              committed by company personnel, both in the Company’s
baik di lingkungan internal ataupun eksternal Perseroan        internal and external environment which can be submitted
yang dapat disampaikan secara langsung kepada                  directly to the Division Head, Department Head, Human
Division Head, Department Head, Divisi Sumber Daya             Resources Division, or through the contacts listed on the
Manusia, atau melalui kontak yang tertera di situs web         company’s website.
perusahaan.

Penanganan Pengaduan                                           Complaint Handling
Setiap pengaduan yang diterima oleh Perseroan akan             Every complaint received by the Company will be followed
ditindaklanjuti dengan objektif dan profesional, yang          up objectively and professionally, starting with checking
dimulai dengan memeriksa kebenaran pengaduan/                  the truth of the complaint/report. If the report is proven to
laporan tersebut. Apabila laporan tersebut terbukti            be true, it will be further reported to the Internal Audit Unit
kebenarannya maka akan dilaporkan lebih lanjut kepada          for processing. However, if the report submitted is a false
Unit Audit Internal untuk diproses. Namun, apabila             report and on the basis of personal interest, the Company
laporan yang disampaikan adalah laporan palsu dan              has the right to impose sanctions on the reporting party.
atas dasar kepentingan pribadi, maka Perseroan berhak
menjatuhkan sanksi kepada pihak pelapor.

Perlindungan Bagi Pelapor                                      Protection for Whistleblowers
Guna melindungi pelapor dari tindakan diskriminasi             In order to protect the whistleblower from discrimination
pihak terlapor, Perseroan berkomitmen untuk                    against the reported party, the Company is committed to
memberikan perlindungan kepada pelapor hingga                  providing protection to the whistleblower until the report is
laporan selesai ditindaklanjuti. Adapun perlindungan           followed up. The protection provided by the Company is to
yang diberikan oleh Perseroan, yaitu menjamin                  guarantee the identity of the whistleblower, the information
identitas pelapor, informasi yang dilaporkan, dan              reported, and maintain the security of the whistleblower
menjaga keamanan pelapor dan keluarga dari tindakan            and his family from discrimination from the reported party,
diskriminasi dari pihak terlapor, baik di dalam ataupun di     both inside and outside the work environment.
luar lingkungan kerja.

Sanksi yang Diberikan                                          Sanctions Imposed
Perseroan menjatuhkan sanksi kepada pihak yang                 The Company imposes sanctions on parties who commit
melakukan pelanggaran disesuaikan dengan jenis                 violations according to the type of violation. The sanctions
pelanggarannya. Adapun sanksi yang ditetapkan oleh             stipulated by the Company start from Warning Letters
Perseroan dimulai dari Surat Peringatan 1,2,3, pemutusan       1,2,3, termination of employment (TE), or reported to the
hubungan kerja (PHK), atau dilaporkan kepada pihak             authorities if violations have been included in the type of
berwajib apabila pelanggaran telah termasuk dalam              legal violation.
jenis pelanggaran hukum.

Laporan Pengaduan Pelanggaran                                  Violation Complaint Report
Pada tahun 2023, Perseroan tidak menerima laporan              In 2023, the Company will not receive any reports of
pengaduan terkait pelanggaran yang dilakukan                   complaints related to violations committed by company
oleh insan perusahaan. Hal ini membuktikan bahwa               personnel. This proves that the company has implemented
perusahaan telah menerapkan Kode Etik dengan baik,             the Code of Ethics well, so as to increase awareness of all
sehingga mampu meningkatkan kesadaran seluruh                  company personnel to comply with the Code of Ethics,
insan perusahaan untuk mematuhi Kode Etik, kebijakan,          policies, and applicable regulations.
serta peraturan yang berlaku.




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LAPORAN
KEBERLANJUTAN
SUSTAINABILITY REPORT
Page 154

          
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            Performance Glimpses                                                   Management Reports                                       Company Profile




      LAPORAN KEBERLANJUTAN
      SUSTAINABILITY REPORT


      Komitmen Keberlanjutan                                                               Sustainability Commitment

      Perseroan       terus-menerus      berupaya     untuk                                The Company continuously strives to improve programs
      menyempurnakan program ataupun inisiatif terkait                                     or initiatives related to social and environmental to build
      sosial dan lingkungan hidup untuk membangun                                          a better and more sustainable future. This is evidenced
      masa depan yang lebih baik dan berkelanjutan. Hal                                    by maintaining a balance between economic, social,
      tersebut dibuktikan dengan menjaga keseimbangan                                      and environmental aspects that are adjusted to the
      antara aspek ekonomi, sosial, dan lingkungan                                         Sustainable Development Goals (SDGs). On the other hand,
      yang disesuaikan dengan Tujuan Pembangunan                                           the improvement of sustainability programs provides
      Berkelanjutan (Sustainable Development Goals/SDGs). Di                               added value and long-term benefits for the Company,
      sisi lain, peningkatan program keberlanjutan tersebut                                Shareholders, and other stakeholders, both internal and
      memberikan nilai tambah dan kebermanfaatan jangka                                    external, so as to encourage the creation of targeted
      panjang bagi Perseroan, Pemegang Saham, serta                                        welfare.
      pemangku kepentingan lainnya, baik internal ataupun
      eksternal, sehingga mampu mendorong terciptanya
      kesejahteraan yang telah ditargetkan.

      Di tahun 2023, Perseroan melanjutkan inisiatif terkait                               In 2023, the Company will continue sustainability-
      keberlanjutan yang diselaraskan dengan target SDGs                                   related initiatives aligned with the SDGs targets set by the
      yang telah ditetapkan oleh pemerintah, di antaranya                                  government, including the following.
      sebagai berikut.


         Komponen SDGs                                      Target yang Dicapai                                     Inisiatif di Internal Perseroan
         SDGs Components                                      Target Achieved                                    Internal Initiatives of the Company

                                   5.1 Mengakhiri segala bentuk diskriminasi terhadap kaum              • Menegakkan kebijakan anti diskriminasi, kesetaraan
                                       perempuan di manapun.                                              gender, dan perlindungan bagi karyawan
                                   5.5 Menjamin partisipasi penuh dan efektif, dan kesempatan yang        perempuan.
                                       sama bagi perempuan untuk memimpin di semua tingkat              • Mengangkat karyawan perempuan di beberapa
                                       pengambilan keputusan.                                             posisi strategis, yaitu anggota Dewan Komisaris,
                                   5.b Meningkatkan penggunaan teknologi yang memampukan,                 Direksi, dan Pejabat Eksekutif.
                                       khususnya teknologi informasi dan komunikasi untuk               • Mengembangkan pemasaran berbasis digital yang
                                       meningkatkan pemberdayaan perempuan.                               mudah diakses dan digunakan, baik melalui situs
                                                                                                          web ataupun aplikasi online Perseroan, yaitu ECI.

                                   8.8 Melindungi hak-hak tenaga kerja dan mempromosikan                • Menerapkan inisiatif terkait kesehatan dan
                                       lingkungan kerja yang aman dan terjamin bagi semua pekerja.        keselamatan kerja, serta memenuhi fasilitas kerja
                                                                                                          sesuai ketentuan yang berlaku.
                                                                                                        • Melakukan pengelolaan sumber daya manusia
                                                                                                          (SDM) yang sistematis, bertanggung jawab, dan
                                                                                                          berkelanjutan.
                                                                                                        • Menyediakan       sarana    pengaduan     terkait
                                                                                                          ketenagakerjaan yang dikelola dengan profesional
                                                                                                          dan transparan.

                                   12.5 Secara substansial mengurangi produksi limbah melalui           • Mengembangkan inovasi  terkait produk makanan
                                        pencegahan, pengurangan, daur ulang, dan penggunaan               dan minuman organik, serta peralatan rumah
                                        kembali.                                                          tangga yang terbuat dari bahan yang ramah
                                                                                                          lingkungan.
                                                                                                        • Melanjutkan kerja sama dengan Rekosistem
                                                                                                          membuat waste station di kawasan SCBD, agar
                                                                                                          pelanggan mudah melakukan daur ulang sampah.
                                                                                                        • Melakukan pengelolaan limbah dan sampah yang
                                                                                                          bertanggung jawab melalui kerja sama dengan
                                                                                                          pihak ketiga.




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Struktur Tata Kelola Keberlanjutan POJK.51-E1                            Sustainability Governance Structure

Dalam rangka menerapkan prinsip keberlanjutan                            In order to implement mature and progressive
yang matang dan progresif, Perseroan menetapkan                          sustainability principles, the Company establishes
pelaksana tata kelola keberlanjutan yang berpedoman                      sustainability governance implementers guided by the
pada struktur organisasi perusahaan, terdiri dari Dewan                  company’s organizational structure, consisting of the
Komisaris, Direksi, organ pendukung Dewan Komisaris,                     Board of Commissioners, Board of Directors, supporting
organ pendukung Direksi, Sekretaris Perusahaan, dan                      organs of the Board of Commissioners, supporting organs
Unit Audit Internal. Masing-masing organ tersebut                        of the Board of Directors, Corporate Secretary, and Internal
menjalankan tugas dan tanggung jawab sesuai dengan                       Audit Unit. Each of these organs carries out duties and
fungsi dan kewenangannya.                                                responsibilities in accordance with their functions and
                                                                         authorities.

Dewan Komisaris beserta organ pendukungnya                               The Board of Commissioners and its supporting organs are
bertanggung jawab perihal fungsi pengawasan dan                          responsible for the function of supervising and providing
pemberian nasihat terkait keberlanjutan. Direksi                         advice related to sustainability. The Board of Directors and
beserta organ pendukungnya bertanggung jawab atas                        its supporting organs are responsible for the preparation,
penyusunan, penetapan, dan pengelolaan program                           determination, and management of sustainability
keberlanjutan, serta melaporkan secara berkala kepada                    programs, and report periodically to the Board of
Dewan Komisaris.                                                         Commissioners.


Pengembangan         Kompetensi                          Terkait         Development of Competencies Related to
Keberlanjutan POJK.51-E2                                                 Sustainability

Guna memaksimalkan wawasan dan pemahaman                                 In order to maximize the insight and understanding of each
masing-masing organ pelaksana keberlanjutan,                             sustainability implementing organ, the Company provides
Perseroan memberikan kesempatan yang setara                              equal opportunities to participate in various competency
untuk mengikuti berbagai kegiatan pengembangan                           development activities related to sustainability, both
kompetensi terkait keberlanjutan, baik dari internal                     from within the company or activities held by regulators.
perusahaan atau kegiatan yang diadakan oleh regulator.                   Information related to the implementation of these
Informasi terkait pelaksanaan kegiatan pengembangan                      competency development activities during 2023 is
kompetensi tersebut selama tahun 2023 diuraikan                          described as follows.
sebagai berikut.


                                                                        Tempat dan Waktu
            Topik Pelatihan                       Divisi                     Pelatihan                     Penyelenggara                   Peserta
            Training Topics                      Division               Training Venue and                   Organizers                  Participants
                                                                               Place


 Webinar      Memperkuat      Ketahanan    Management                Zoom, 22 May 2023                Otoritas Jasa Keuangan                    4
 Nasional di Industri Jasa Keuangan                                                                   Financial Services Authority
 Webinar on Strengthening National
 Resilience in the Financial Services
 Industry

 Effective Risk Management For Corporate   Sekretaris Perusahaan     Zoom, 30 May 2023                Indonesia        Corporate                1
 Secretary                                 Corporate Secretary                                        Secretary       Association
                                                                                                      (ICSA)




Kegiatan       Membangun                                Budaya           Activities to Build a Culture of Sustainability
Keberlanjutan POJK.51-F1

Upaya untuk membangun budaya keberlanjutan                               Efforts to build a culture of sustainability are carried out
dilakukan secara konsisten oleh Perseroan melalui                        consistently by the Company through various internal
berbagai kegiatan internal, seperti sosialisasi secara                   activities, such as periodic socialization, internal meetings
berkala, rapat internal di masing-masing unit/divisi kerja,              in each work unit/division, employee recruitment process,
proses rekrutmen karyawan, ataupun melalui kegiatan                      or through internal training and education activities.
pelatihan dan pendidikan internal.




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      Kinerja Keberlanjutan Aspek Sosial                                                         Sustainability Performance of Social Aspects

      Perseroan senantiasa menjaga komitmen dalam                                                The Company always maintains its commitment in
      mendukung    terbentuknya      kesejahteraan     bagi                                      supporting the formation of welfare for stakeholders, both
      pemangku kepentingan, baik internal ataupun eksternal                                      internal and external as outlined in various initiatives as
      yang dituangkan dalam berbagai inisiatif sebagai                                           follows.
      berikut.

      Pengelolaan Sumber Daya Manusia                                                            Human Resource Management
      Sebagai upaya meningkatkan standarisasi sumber daya                                        As an effort to improve the standardization of human
      manusia (SDM) sesuai dengan dinamika bisnis terkini,                                       resources (HR) in accordance with the latest business
      Perseroan menetapkan kebijakan pengelolaan SDM                                             dynamics, the Company establishes effective and adaptive
      yang efektif dan adaptif terhadap seluruh level karyawan.                                  HR management policies for all levels of employees. These
      Peningkatan tersebut dilakukan pada seluruh aspek                                          improvements are carried out in all aspects of human
      SDM, baik kualitas dan kemampuan SDM, pelaksanaan                                          resources, both the quality and ability of human resources,
      hak dan tanggung jawab, serta evaluasi kinerja SDM                                         the implementation of rights and responsibilities, and the
      yang senantiasa disesuaikan dengan peraturan yang                                          evaluation of HR performance which is always adjusted to
      berlaku.                                                                                   applicable regulations.

      Kesetaraan Gender dan Kesempatan Kerja yang                                                Gender Equality and Equal Employment Opportunities
      Setara POJK.51-F18-19
      Perseroan mempertimbangkan prinsip kerja yang adil                                         The Company considers the principle of fair and equitable
      dan merata untuk pria ataupun wanita. Untuk itu, dalam                                     work for both men and women. Therefore, in the recruitment
      proses rekrutmen, Perseroan mengutamakan prinsip                                           process, the Company prioritizes the principle of gender
      kesetaraan gender dan memberikan kesempatan kerja                                          equality and provides equal employment opportunities
      yang setara atau sama kepada seluruh masyarakat                                            to all Indonesians, without any discrimination. The
      Indonesia, tanpa adanya tindakan diskriminasi. Adapun                                      recruitment process is carried out online through job search
      proses rekrutmen dilakukan secara online melalui situs                                     sites such as LinkedIn, as well as advertisements in mass
      pencari kerja seperti LinkedIn, serta iklan di media massa                                 media or digital media.
      ataupun media digital.

      Selain itu, Perseroan memastikan seluruh proses                                            In addition, the Company ensures that all recruitment
      rekrutmen dan proses kerja yang ditetapkan telah                                           processes and work processes stipulated have complied
      memenuhi undang-undang terkait ketenagakerjaan,                                            with laws related to employment, with no underage
      dengan tidak adanya tenaga kerja di bawah umur serta                                       workers and no forced labor experienced by employees in
      tidak adanya tindakan kerja paksa yang dialami oleh                                        the Company or Subsidiaries.
      karyawan di Perseroan ataupun Entitas Anak.

      Komitmen terkait aspek kesetaraan gender dan praktik                                       Commitment related to aspects of gender equality and
      kerja yang sesuai batasan usia dapat ditunjukkan melalui                                   work practices that are appropriate for age limits can
      komposisi karyawan Perseroan dalam 3 tahun terakhir,                                       be shown through the composition of the Company’s
      sebagai berikut.                                                                           employees in the last 3 years, as follows.

      Komposisi   Karyawan                        Berdasarkan                Status              Composition          of      Employees   by   Employment
      Kepegawaian                                                                                Status


                                                           2023                           2022                         2021
                    Uraian                                                                                                                 Description
                                                  Total             %            Total              %          Total            %

        Tetap                                      702            100,00           718            100,00       706             100,00              Permanent

        Kontrak                                        -                -             -                 -         -                 -                 Contract

        Jumlah                                     702            100,00          718             100,00       706            100,00                     Total




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Komposisi Karyawan Berdasarkan Status Usia                                                   Composition of Employees by Age Status

                                            2023                    2022                           2021
              Uraian                                                                                                              Description
                                    Total            %      Total            %              Total             %

 18-30 tahun                         161            22,93    165            22,66            188             26,63                          18-30 years

 31-40 tahun                         356            50,71    365            50,14            341             48,30                          31-40 years

 41-50 tahun                         159            22,65    159            23,21            153             21,67                          41-50 years

 >50 tahun                            26             3,70      29            3,98             24              3,40                            >50 years

 Jumlah                              702           100,00    718           100,00           706            100,00                                  Total



Komposisi Karyawan Berdasarkan Pendidikan                                                     Composition of Employees by Education

                                            2023                    2022                           2021
              Uraian                                                                                                              Description
                                    Total            %      Total           %              Total             %

 S2 & S3                             14              1,99     14             1,95             14              1,98          Master & Doctoral Degree

 S1                                 190             27,07    196            27,30            196             27,76                    Bachelor Degree

 Diploma                             81             11,54     80            11,14             80             11,33                             Diploma

 SLTA                               417             59,40    428            59,61            416             58,92                         High School

 Jumlah                             702            100,00    718           100,00           706           100,00                                   Total




Komposisi Karyawan Berdasarkan Jabatan                                                           Composition of Employees by Job Title
Pekerjaan

                                            2023                    2022                           2021
              Uraian                                                                                                              Description
                                    Total            %      Total           %              Total             %

 Dewan Komisaris dan                  12             1,71     12             1,67             12              1,70       Board of Commissioners and
 Direksi                                                                                                                                   Directors

 General Manager                       7             1,00      9             1,25              8              1,13                   General Manager

 Senior Manager                       20             2,85     20             2,79             23              3,26                     Senior Manager

 Manager                              48             6,84     43             5,99             39              5,52                            Manager

 Assistant Manager                    26             3,70     29             4,04             37              5,24                  Assistant Manager

 Senior Supervisor                    50             7,12     51             7,10             43              6,09                   Senior Supervisor

 Supervisor                          117            16,67    123            17,13           119             16,86                            Supervisor

 Senior Staff                        132            18,80    149            20,75           151             21,39                           Senior Staff

 Staff                               233            33,19    232            32,31           226             32,01                                  Staff

 Non-Staff                            57             8,12     50             6,96             48              6,80                            Non-staff

 Jumlah                             702            100,00    718           100,00           706           100,00                                  Total



Komposisi Karyawan Berdasarkan Jenis Kelamin                                                       Composition of Employees by Gender

                                            2023                    2022                           2021
              Uraian                                                                                                              Description
                                    Total            %      Total           %              Total             %

 Laki-laki                           517            73,65    518            72,14            502             71,10                                  Men

 Perempuan                           185            26,35    200            27,86            204             28,90                              Women

 Jumlah                             702            100,00    718           100,00           706           100,00                                  Total




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      Pengembangan Kompetensi SDM POJK.51-F22                                                 HR Competency Development
      Untuk menyesuaikan perkembangan bisnis terkini,                                         To adjust to the latest business developments, the
      Perseroan menyediakan program pengembangan                                              Company provides competency development programs
      kompetensi secara merata kepada seluruh level                                           evenly to all levels of employees in the form of education,
      karyawan dalam bentuk pendidikan, pelatihan, seminar,                                   training, seminars, workshops, and others, either organized
      workshop, dan lainnya, baik yang diselenggarakan oleh                                   internally or in collaboration with third parties. Information
      internal ataupun bekerja sama dengan pihak ketiga.                                      related to HR competency development during 2023 is
      Informasi terkait pengembangan kompetensi SDM                                           described as follows.
      selama tahun 2023 diuraikan sebagai berikut.


          Topik Pengembangan                       Jenis              Periode                                                   Metode          Lokasi
                                                                                          Total Peserta
              Kompetensi                        Pelatihan            Pelatihan                            Penyelenggara        Pelatihan      Pelatihan
                                                                                              Total
              Competency                          Type of             Training                              Organizer           Training       Training
                                                                                           Participants
           Development Topics                    Training              Period                                                  Methods        Location


        Training Brand Arra                   Product               9 January                  43             Internal           Offline        Jakarta
                                              Knowledge             2023


        Training Sop By Internal              Softskill
        Audit

        Training Service Excellence

        Training Apple                        Product               26 January                113             External           Online         Jakarta
                                              Knowledge             2023

        Training Brand Sony                   Softskill             11 February                60             External           Hybrid         Jakarta
                                                                    2023
        Training Brand Philips

        Training Partnership -
        Laku6

        Training Brand Oppo

        Training Product                      Product               24 February                67             External           Hybrid         Jakarta
        Knowledge Brand Oppo                  Knowledge             2023

        Training Product                      Product               27 February                67             External           Online         Jakarta
        Knowledge Brand                       Knowledge             2023
        Samsung

        Training Product                      Product
        Knowledge Brand Pioneer               Knowledge

        Training Product                      Product
        Knowledge Brand Aqua                  Knowledge

        Training Medical Kit                  Product               8 March                    85             Internal           Offline        Jakarta
                                              Knowledge             2023

        Training Product                      Product               14 March                   54             External           Offline        Jakarta
        Knowledge PD 5                        Knowledge             2023

        Training Product
        Partnership Laku6

        Training Software Winacc              Softskill             9 May 2023                 38             Internal           Online         Jakarta
        V.11

        Training Kredivo Batch 1              Product               17 May                     48             External           Offline        Jakarta
        (Kasir)                               Knowledge             2023

        Training Product                      Product               19 May                     18             Internal           Offline        Jakarta
        Knowledge PD 5                        Knowledge             2023

        Training Kredivo Batch 2              Product               24 May                     62             External           Hybrid         Jakarta
        (Leader)                              Knowledge             2023
                                                                                               62             External           Hybrid         Jakarta
        Training Brand Hitachi




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 Topik Pengembangan               Jenis       Periode                                                           Metode                Lokasi
                                                            Total Peserta
     Kompetensi                Pelatihan     Pelatihan                            Penyelenggara                Pelatihan            Pelatihan
                                                                Total
     Competency                  Type of      Training                              Organizer                   Training             Training
                                                             Participants
  Development Topics            Training       Period                                                          Methods              Location


Training Indodana             Product      31 May 2023
                              Knowledge
Training BCA

Training Akulaku

OJT BAG Program AOP           Softskill    9 June 2023            15                    Internal                  Offline             Jakarta
Batch 1

Training Brand Malandas       Product      14 June 2023           62                    External                  Hybrid              Jakarta
(Leader Store)                Knowledge

Training Brand Panasonic
(Leader Store)

Training Brand Ecovast
(Leader Store)

Training Basic Leadership     Softskill                                                 Internal
(Leader Store)

Training Administrasi
Operation (Leader Store)

Training Partnership -        Product      12 July 2023           47                    External                  Hybrid              Jakarta
Kredivo                       knowledge

Training Partnership -
Akulaku

Training Partnership -
Bank BNI

Perpanjangan SKP K3           Hardskill    18 July 2023            1                    External                  Offline             Jakarta

Training CRM In Digital Era   Hardskill    27-28 July              1                    External                  Offline             Jakarta
                                           2023

Training Brand Samsung        Product      6 August 2023          62                    External                  Hybrid              Jakarta
(Leader Store)                Knowledge

Training Brand Niko                                                                     Internal
(Leader Store)

Training Integrity (Leader    Softskill                                                 External
Store)

Training Fintech Akulaku      Product
(Leader Store)                Knowledge

OJT BAG Program KKLDP         Softskill    22 Agustus             12                    Internal                  Offline             Jakarta
                                           2023

Training Leadership For SM    Softskill    11 September           62                    External                  Hybrid              Jakarta
Operation                                  2023

OJT BAG Program TLDP          Softskill    13 September           13                    Internal                  Offline             Jakarta
Batch 1                                    2023

OJT BAG Program TLDP          Softskill    19 September           10                    Internal                  Offline             Jakarta
Batch 2                                    2023




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          Topik Pengembangan                      Jenis               Periode                                              Metode         Lokasi
              Kompetensi                       Pelatihan             Pelatihan            Total Peserta
                                                                                                          Penyelenggara   Pelatihan     Pelatihan
              Competency                         Type of              Training                Total
                                                                                                            Organizer      Training      Training
           Development Topics                   Training               Period              Participants
                                                                                                                          Methods       Location

        Training Refreshment                  Softskill          21 September                  45            External      Offline        Jakarta
        Administrasi Store                                       2023
        Training Brand Arra
        Training Brand Sony
        Sosialisasi BPJS Tenaga
        Kerja
        Training Sop By Internal                                                                             Internal
        Audit
        Training Service Excellence
        (Lanjutan)
        Motivation & Review
        Training Grooming
        OJT BAG Program TLDP                  Softskill          25 September                  12            Internal      Offline        Jakarta
        Batch 3                                                  2023
        OJT BAG Program AOP                   Softskill          25 September                  10            Internal      Offline        Jakarta
        Batch 2                                                  2023 – 10
                                                                 November
                                                                 2023
        Training Brand Malandas               Product            8 October                     51            External      Hybrid         Jakarta
                                              Knowledge          2023
        Training Brand Arra
        Training Brand Selling Skill          Softskill                                                      Internal      Hybrid         Jakarta
        Training New Store Teuku              Softskill          16-18 October                 10            Internal      Offline          Bali
        Umar                                                     2023
        Tod Bagi – Septina P                  Softskill          20 October                     1            Internal      Offline        Jakarta
                                                                 2023 - 18
                                                                 November
                                                                 2023
        Training Product                      Product            9 November                    30            External      Offline        Jakarta
        Knowledge Brand Asus                  Knowledge          2023
        Training Sop Homedel For              Softskill          15-16                         43            Internal      Offline     Jabodetabek
        Driver                                                   November
        Training Grooceries City              Softskill          17-21                         38            Internal      Offline        Jakarta
                                                                 November
                                                                 2023
        Training Bahasa Inggris               Softskill          18 November                   10            External      Offline        Jakarta
                                                                 2023- 12 June
                                                                 2023
        Training Beauty and                   Softskill          22 November                   10            External      Offline        Jakarta
        Handsome Class                                           2023
        Training Table Manner                 Softskill          23 November                   10            External      Offline        Jakarta
                                                                 2023
        Training Sop Homedel For              Softskill          23-25                         43            Internal      Offline     Jabodetabek
        Driver Batch II                                          November
                                                                 2023
        Training Operational GCI              Softskill          30 November                   26            Internal      Offline        Jakarta
        Bintaro                                                  2023 - 12
                                                                 Januari 2023
        Training Grooming Tim                 Softskill          9 December                   1.470          Internal       Online        Jakarta
        Operation                                                2023
        Training Brand Arra                   Product            27 December                   60            External      Hybrid         Jakarta
                                              knowledge          2023
        Training Brand Philips
        Training Brand Panasonic
        Training Refreshment                  Softskill
        Administrasi Store                                                                                   Internal
        Training Refreshment
        Kesalahan Store
        Total                                                                                2.871




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      Kaderisasi                                                                           Regeneration
      Sebagai upaya untuk menjamin ketersediaan SDM                                        As an effort to ensure the availability of superior, reliable,
      yang unggul, andal, dan profesional, Perseroan                                       and professional human resources, the Company
      melakukan kaderisasi terhadap karyawan yang                                          regenerates employees who meet the criteria. The purpose
      memenuhi kriteria. Tujuan kaderisasi ini untuk menjaga                               of this regeneration is to maintain leadership regeneration
      regenerasi kepemimpinan di internal. Adapun kriteria                                 internally. The criteria for employees who can be nominated
      untuk karyawan yang dapat dicalonkan sebagai kader                                   as cadres of the Company are:
      Perseroan, yaitu:
      1. Memiliki masa kerja lebih dari 2 tahun;                                           1. Have been working for more than 2 years;
      2. Memiliki performa kerja yang baik;                                                2. Have good work performance;
      3. Usia maksimal 50 tahun;                                                           3. Maximum age 50 years;
      4. Memiliki Human Track Record dan KPI yang baik atau                                4. Have a good Human Track Record and KPIs or not below
         tidak di bawah batas minimal penilaian;                                              the minimum assessment limit;
      5. Memiliki komitmen untuk mengikuti seluruh proses                                  5. Have a commitment to follow the entire regeneration
         kaderisasi di Grup Perseroan; serta                                                  process in the Company Group; and
      6. Bersedia mengikuti seluruh tahapan seleksi kader                                  6. Willing to follow all stages of cadre selection well.
         dengan baik.

      Sementara, ketentuan penilaian kader, terdiri dari:                                  Meanwhile, the provisions for cadre assessment consist of:
      1. Memenuhi nilai KPI minimal 2,5 dan memenuhi                                       1. Meet a minimum KPI value of 2.5 and meet a daily work
         laporan kerja harian sebesar 75%;                                                    report of 75%;
      2. Memiliki keaktifan dalam berkomunikasi dengan                                     2. Have activeness in communicating with superiors and
         atasan dan karyawan lainnya;                                                         other employees;
      3. Berpartisipasi dalam setiap kegiatan Grup Perseroan;                              3. Participate in every activity of the Company’s Group;
      4. Berperilaku yang baik; serta                                                      4. Behave well; and
      5. Memiliki komitmen jangka panjang terhadap                                         5. Have a long-term commitment to the Company.
         Perseroan.

      Karyawan yang terpilih dalam program kaderisasi ini                                  Employees selected in this regeneration program get
      mendapatkan benefit, di antaranya memiliki prioritas                                 benefits, including having the top priority of being
      utama diikutsertakan dalam kegiatan pengembangan                                     included in competency development activities, having
      kompetensi, memiliki kesempatan peningkatan                                          opportunities for career advancement and getting cadre
      jenjang karier, serta mendapatkan insentif kader.                                    incentives. The Company established this regeneration
      Perseroan membentuk program kaderisasi ini untuk                                     program to streamline the internal recruitment process,
      mengefektifkan proses rekrutmen dari internal,                                       as well as motivate employees to increase their work
      serta memotivasi karyawan untuk meningkatkan                                         productivity. As of December 31, 2023, the Company has
      produktivitas kerjanya. Sampai dengan tanggal 31                                     191 cadres.
      Desember 2023, Perseroan telah memiliki sebanyak 191
      orang kader.

      Remunerasi yang Adil POJK.51-F20                                                     Fair Remuneration
      Perseroan senantiasa memperhatikan pemberian                                         The Company always pays attention to providing fair,
      remunerasi yang adil, objektif, dan transparan kepada                                objective, and transparent remuneration to all employees.
      seluruh karyawan. Penetapan remunerasi tersebut juga                                 The determination of remuneration is also adjusted to
      disesuaikan dengan kemampuan keuangan Perseroan,                                     the Company’s financial capacity, economic conditions,
      kondisi ekonomi, penerapan remunerasi di industri                                    the application of remuneration in similar industries, and
      sejenis, serta merujuk pada kebijakan upah minimum                                   refers to the regional minimum wage (RMW) policy in each
      regional (UMR) di masing-masing wilayah operasional                                  operational area of the Company and Subsidiaries.
      Perseroan dan Entitas Anak.




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                                         Upah Karyawan                                                 Rasio Upah Karyawan Tetap
                                                             Upah Minimum Regional
              Wilayah                    Tetap Terendah                                                  Terendah terhadap UMR
                                                                      (UMR)
              Region                      Lowest Fixed                                              Lowest Permanent Employee Wage
                                                             Regional Minimum Wage
                                         Employee Wages                                              Ratio to Regional Minimum Wage


 Bogor, Jawa Barat                           4.814.000               4.813.988                                     100,00%
 Depok, Jawa Barat                           4.878.700               4.878.612                                     100,00%
 Tangerang, Banten                           4.760.300               4.760.289                                     100,00%
 Bekasi, Jawa Barat                          5.343.500               5.343.430                                     100,00%
 Banten                                      4.670.800               4.670.791                                     100,00%
 Purwakarta, Jawa Barat                      4.499.800               4.499.768                                     100,00%
 Cianjur, Jawa Barat                         2.915.200               2.915.102                                     100,00%
 Magelang, Jawa Tengah                       2.316.900               2.316.890                                     100,00%
 Pekalongan, Jawa Tengah                     2.389.900               2.389.801                                     100,00%
 Bandar Lampung, Lampung                     3.103.700               3.103.631                                     100,00%
 Pontianak, Kalimantan Barat                 2.840.300               2.840.206                                     100,00%
 Batam, Kepulauan Riau                       4.685.100               4.685.050                                     100,00%
 Medan, Sumatera Utara                       3.769.100               3.769.082                                     100,00%
 Palembang, Sumatera Selatan                 3.677.600               3.677.592                                     100,00%
 Kendari, Sulawesi Tenggara                  3.112.200               3.112.103                                     100,00%
 Bali                                        3.318.700               3.318.628                                     100,00%




Penilaian Kinerja SDM                                           HR Performance Appraisal
Penilaian kinerja dilakukan secara periodik untuk               Performance appraisals are carried out periodically to
mengetahui dan mengevaluasi pencapaian target serta             determine and evaluate the achievement of targets and
pelaksanaan tugas masing-masing karyawan. Kriteria              the implementation of the duties of each employee. The
penilaian tersebut mengacu pada Key Performance                 assessment criteria refer to Key Performance Indicators
Indicators (KPI) yang telah dirumuskan oleh Manajemen           (KPIs) that have been formulated by Management and
dan disepakati oleh karyawan. Proses penilaian tersebut         agreed upon by employees. The assessment process
dilakukan oleh manajer di masing-masing unit kerja/             is carried out by managers in each work unit/division,
divisi, yang kemudian hasil penilaian akan ditinjau             which then the assessment results will be reviewed by
kembali oleh pihak Manajemen di jenjang berikutnya              Management at the next level to ensure the validity of the
untuk memastikan keabsahan penilaian tersebut. Hasil            assessment. The results of the assessment are also used
penilaian tersebut juga dijadikan sebagai acuan bagi            as a reference for the Company to determine rewards for
Perseroan untuk menetapkan reward bagi karyawan                 outstanding employees, determine bonuses or benefits,
yang berprestasi, penentuan bonus atau tunjangan,               and determine salaries.
serta penetapan gaji.

Hak Cuti                                                        Right of Leave
Masing-masing karyawan Perseroan dan Entitas Anak               Each employee of the Company and Subsidiaries has leave
memiliki jatah cuti sesuai dengan kebijakan sebagai             allowance in accordance with the following policies.
berikut.
a. Cuti melahirkan, diberikan 3 bulan kalender, di mana         a. Maternity leave, given 3 calendar months, during which
   pengaturan masa cuti disesuaikan dengan kebutuhan               the arrangement of the leave period is adjusted to the
   Perseroan dan atas kesepakatan bersama.                         needs of the Company and by mutual agreement.
b. Cuti tahunan, diberikan selama 12 hari kerja.                b. Annual leave, granted for 12 working days.
c. Cuti menjalankan ibadah, seperti umrah/haji, diberikan       c. Leave to carry out worship, such as Umrah / Hajj, is given 1
   1 kali selama karyawan bekerja di perusahaan.                   time as long as the employee works in the company.




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      Izin Laktasi                                                                         Lactation Permit
      Perseroan juga memperhatikan kebutuhan karyawan                                      The Company also pays attention to the needs of female
      wanita di lingkungan kerja, khususnya bagi karyawan                                  employees in the work environment, especially for female
      wanita yang masih dalam kondisi menyusui. Perseroan                                  employees who are still breastfeeding. The Company
      memberikan kelonggaran untuk melakukan laktasi pada                                  provides leeway to perform lactation during working hours,
      saat jam kerja, dengan tetap melaksanakan tugas dan                                  while still carrying out duties and responsibilities properly.
      tanggung jawab dengan baik.

      Fasilitas Penunjang Kesejahteraan SDM                                                Human Resources Welfare Support Facilities
      Fasilitas penunjang kesejahteraan SDM ditujukan                                      HR welfare support facilities are intended to provide
      untuk memberikan kenyamanan bagi karyawan                                            comfort for employees to move in the internal environment.
      beraktivitas di lingkungan internal. Untuk itu, Perseroan                            For this reason, the Company provides supporting facilities
      memberikan fasilitas penunjang berupa fasilitas ibadah                               in the form of worship facilities in the office area, canteen
      di area kantor, fasilitas ruang kantin, ruang laktasi, dan                           room facilities, lactation rooms, and other facilities.
      fasilitas lainnya.

      Lingkungan Bekerja yang Layak dan Aman POJK.51-F21                                   Occupational Health and Safety
      Dalam mendukung produktivitas SDM, Perseroan                                         In supporting human resource productivity, the Company
      memastikan seluruh wilayah kerja dalam kondisi yang                                  ensures that all work areas are in decent and safe
      layak dan aman, serta memastikan tersedianya fasilitas                               conditions, and ensures the availability of occupational
      kesehatan dan keselamatan kerja sesuai dengan                                        health and safety facilities in accordance with applicable
      prosedur yang berlaku, sebagai berikut.                                              procedures, as follows.
      1. Menyediakan lingkungan kerja yang sehat dan aman                                  1. Providing a healthy and safe work environment for all
         bagi seluruh pihak yang terlibat dalam kegiatan                                       parties involved in their business activities by providing
         usahanya dengan menyediakan kebutuhan sarana                                          the needs of work facilities and infrastructure such as
         dan prasarana kerja seperti alat pemadam api                                          light fire extinguishers in each office, the provision of
         ringan di setiap kantor, penyediaan kotak P3K, serta                                  P3K boxes, and routine health checks for employees.
         pemeriksaan kesehatan rutin bagi karyawan.
      2. Senantiasa memastikan agar alat kerja atau alat bantu                             2. Always ensure that employee work tools or work aids
         kerja karyawan memenuhi standar kenyamanan,                                          meet comfort, safety, and health standards.
         keamanan, dan kesehatan.
      3. Melindungi setiap karyawannya dengan asuransi BPJS                                3. Protect every employee with BPJS Ketenagakerjaan
         Ketenagakerjaan, BPJS Kesehatan, dan memberikan                                      insurance, BPJS Kesehatan, and provide holiday
         tunjangan hari raya (THR).                                                           allowances (THR).

      Tingkat Perputaran Karyawan                                                          Employee Turnover Rate
      Informasi terkait perputaran karyawan dalam 3 tahun                                  Information related to employee turnover in the last 3
      terakhir, diungkapkan sebagai berikut.                                               years, disclosed as follows.


                     Uraian Description                                   2023                           2022                           2021


        Jumlah Karyawan yang Keluar
                                                                            68                            38                            52
        Number of Outgoing Employees

          Habis Kontrak
                                                                             -                             -                             -
          Expired Contract

          Pensiun
                                                                             1                             2                             2
          Retire

          Pensiun Dini
                                                                             -                             -                             1
          Early Retire

          Mengundurkan Diri
                                                                            65                            35                            47
          Resign

          Pemecatan
                                                                             -                             -                             -
          Dismissal

          Meninggal Dunia
                                                                             2                             1                             2
          Passed Away

        Jumlah Karyawan
                                                                           702                           718                            706
        Total Employees

        Tingkat Perputaran Karyawan (%)
                                                                          9,58%                         5,34%                         7,47%
        Employees’ Turnover




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Pencegahan Penularan Covid-19                                  Prevention of Covid-19 Transmission
Di tahun 2023, Perseroan melanjutkan protokol                  In 2023, the Company will continue health protocols
kesehatan terkait Covid-19 untuk mengurangi                    related to Covid-19 to reduce the re-spread. The initiatives
penyebaran kembali. Adapun inisiatif yang diterapkan           implemented by the Company and Subsidiaries, both in
oleh Perseroan dan Entitas Anak, baik di gedung                office buildings, outlets, warehouses, and other operational
perkantoran, outlet, gudang, dan wilayah operasional           areas, are providing hand washing facilities, controlling
lainnya, yaitu menyediakan fasilitas pencuci tangan,           employee body temperature regularly, providing hand
mengontrol suhu tubuh karyawan secara berkala,                 sanitizers, implementing the use of masks, and social
menyediakan hand sanitizer, menerapkan penggunaan              restrictions under certain conditions.
masker, serta pembatasan sosial pada kondisi tertentu.

Mekanisme Pengaduan Masalah Ketenagakerjaan                    Labor Complaints Mechanism
Pengaduan masalah terkait ketenagakerjaan dapat                Complaints of employment-related issues can be
disampaikan melalui Divisi Sumber Daya Manusia.                submitted through the Human Resources Division. All
Seluruh pengaduan yang diterima akan diidentifikasi            complaints received will be identified and followed up
dan ditindaklanjuti secara objektif, transparan, dan           objectively, transparently, and professionally. In the last 3
profesional. Dalam 3 tahun terakhir, Perseroan tidak           years, the Company has received no complaints related to
menerima pengaduan terkait ketenagakerjaan. Hal ini            employment. This proves that the Company always carries
membuktikan bahwa Perseroan senantiasa melakukan               out optimal and effective HR management.
pengelolaan SDM yang optimal dan efektif.

Komitmen Terhadap Program Pengembangan                         Commitment to Community Development Programs
Masyarakat
Masyarakat sekitar menjadi objek utama bagi industri           The surrounding community is the main object for industry
di Indonesia untuk menerima manfaat dari proses                in Indonesia to benefit from the business processes
bisnis yang dijalankan, dengan tujuan mempercepat              carried out, with the aim of accelerating the improvement
peningkatan kesejahteraan dan membentuk masa                   of welfare and shaping a better future. Therefore, the
depan yang lebih baik. Oleh karena itu, Perseroan              Company strives to distribute these benefits appropriately
berupaya menyalurkan manfaat tersebut secara tepat             through community development programs (CDP) that are
guna melalui program pengembangan masyarakat                   managed systematically and purposefully.
(PPM) yang dikelola secara sistematis dan terarah.

Penggunaan Tenaga Kerja Lokal POJK.51-F23                      Use of Local Labor
Tenaga kerja lokal merupakan masyarakat sekitar                Local workers are the surrounding communities located
yang berada di wilayah operasional Perseroan dan               in the operational areas of the Company and Subsidiaries.
Entitas Anak. Penggunaan tenaga kerja lokal tersebut           The use of local labor is a top priority for the Company to
menjadi prioritas utama bagi Perseroan untuk mencapai          achieve the economic prosperity of the Indonesian people,
kemakmuran ekonomi masyarakat Indonesia, serta                 as well as reduce unemployment that occurs.
mengurangi pengangguran yang terjadi.


           Uraian                        2023        2022                         2021                             Description

 Jumlah tenaga kerja lokal                                                                                  Number of local workers
 (karyawan yang berdomisili                                                                              (employees domiciled in the
 di sekitar wilayah                      702             718                       706                     vicinity of the operational
 operasional).                                                                                                                  area).




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      Program           Pengembangan                  Masyarakat             (PPM)          Community Development Program (CDP)
      POJK.51-F25
      Program pengembangan masyarakat (PPM) berfokus                                        The community development program (CDP) focuses on
      pada aspek sosial untuk meningkatkan taraf                                            social aspects to improve the economic standard of the
      perekonomian masyarakat sekitar menjadi lebih baik.                                   surrounding community for the better. The programs
      Adapun program yang dilakukan Perseroan selama 3                                      carried out by the Company for the last 3 years are disclosed
      tahun terakhir diungkapkan sebagai berikut.                                           as follows.



                              2023                                                   2022                                           2021

        Melaksanakan      kerja   bakti     di                 Pasar Murah Ramadhan.                           Donasi ke Rumah Sakit Lapangan Ancol.
        Kelurahan Sari Plaza, Kec. Depok,                      Ramadhan Cheap market.                          Donation to Ancol Field Hospital.
        Jawa Barat pada tanggal 29 Januari
        2023.
        Implementing service work at Kel. Sari
        Plaza, Depok District, West Java on
        January 29, 2023.

        Melaksanakan kerja bakti masal                         Kegiatan Ketahanan Pangan (Saat                 Donasi ke Wisma Atlet.
        ECI Juanda Ciputat dan pembagian                       Kelangkaan Minyak Sayur).                       Wisma Atlet Donation.
        sembako Imlek di ECI Kendari, pada                     Food Security Activities (When vegetable
        tanggal 6 Februari dan 25 Februari                     oil scarcity).
        2023.
        Implementing mass service work of
        ECI Juanda Ciputat and distribution of
        Chinese New Year staples at ECI Kendari
        on February 6 and February 25, 2023.

        Memberikan penyuluhan kesehatan                        Kegiatan Peduli Lingkungan (Kerja Bakti         Kegiatan Idul Adha.
        dan sembako murah di 10 titik unit                     dan Santunan Anak Yatim).                       Eid al-Adha activities.
        usaha Perseroan pada tanggal 25                        Environmental Care Activities (Volunteer
        Maret sampai 20 April 2023.                            activities & Orphan Compensation).
        Providing health counseling and low-
        cost basic necessities at 10 locations
        of the Company’s business units from
        March 25 to April 20, 2023.

        Menyelenggarakan        Pasar     Murah                Donasi Perayaan Hari Raya Idul Adha.
        Ramadan bekerja sama dengan                            Donations for Eid al-Adha Celebrations.
        SMESCO Indonesia pada tanggal 10-16
        April 2023 di halaman Gedung Smesco
        dan di halaman Masjid At-Thohir,
        Depok.
        Organizing Ramadan Cheap Market in
        collaboration with SMESCO Indonesia
        on April 10-16, 2023 in the courtyard of
        the Smesco Building and in the courtyard
        of the At-Thohir Mosque, Depok.

        Memberikan hewan kurban kepada                         Donasi ke Wisma Atlet.
        masyarakat sekitar, tepatnya di 6 lokasi               Donation to Wisma Atlet (Athletes’
        Perseroan, yaitu Ujung Menteng,                        Guesthouse).
        Cinere, Pamulang, Bitung, Citereup,
        serta Kemitraan ECI Cileungsi pada
        tanggal 28-29 Juni 2023.
        Providing sacrificial animals to the
        surrounding community, precisely in 6
        locations of the Company, such as Ujung
        Menteng, Cinere, Pamulang, Bitung,
        Citereup, and ECI Cileungsi Partnership
        on June 28-29, 2023.

        Melaksanakan kerja bakti masal di Kel.                 Donasi ke Rumah Sakit Lapangan Ancol.
        Ujung Menteng, Kec. Cakung, Jakarta                    Donation to Lapangan Ancol Hospital.
        Timur pada tanggal 29 Juli 2023.
        Implementing mass service work at Kel.
        Ujung Menteng, Cakung District, East
        Jakarta on July 29, 2023.




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                2023                     2022                                                     2021

Memberikan donasi dalam bentuk nasi
sehat dan sembako murah di 8 lokasi
wilayah binaan Perseroan, yaitu Ujung
Menteng, Cinere, Pamulang, Bitung,
Citereup, Pemuda, Buaran, dan Kendari
pada tanggal 15-22 Agustus 2023.
Providing donations in the form
of healthy rice and low-cost basic
necessities in 8 locations of the
Company’s target areas, such as Ujung
Menteng, Cinere, Pamulang, Bitung,
Citereup, Pemuda, Buaran, and Kendari
on August 15-22, 2023.

Melaksanakan kerja bakti masal di
Kel. Kedu Jaya, Kec. Curug, Tangerang,
Banten pada tanggal 10 September
2023.
Implementing mass service work in Kel.
Kedu Jaya, Curug District, Tangerang,
Banten on September 10, 2023.

Melakukan fogging untuk pencegahan
demam       berdarah   di     wilayah
operasional:
• Pamulang pada tanggal 14 Oktober
  2023;
• Cinere pada tanggal 25 November
  2023; dan
• ECI Pemuda pada tanggal 23
  Desember 2023.
Fogging for dengue prevention in
operational areas:
• Pamulang on October 14, 2023;
• Cinere on November 25, 2023; and
• ECI Youth on December 23, 2023.




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      Biaya Pelaksanaan PPM                                                                  CDP Implementation Costs
      Informasi terkait biaya pelaksanaan PPM Perseroan                                      Information related to the cost of implementing the
      dalam 3 Tahun terakhir diuraikan sebagai berikut.                                      Company’s CDP in the last 3 years is described as follows.


                              2023                                                    2022                                        2021


                        6.445.868.800                                            12.141.425.565                               9.664.609.543




      Mekanisme Pengaduan Masyarakat POJK.51-F24                                             Community Complaints Mechanism
      Pengaduan masalah terkait masyarakat dapat                                             Complaints of community-related issues can be submitted
      disampaikan melalui Divisi Sumber Daya Manusia.                                        through the Human Resources Division. All complaints
      Seluruh pengaduan yang diterima akan diidentifikasi                                    received will be identified and followed up objectively,
      dan ditindaklanjuti secara objektif, transparan, dan                                   transparently, and professionally. In the last 3 years, the
      profesional. Dalam 3 tahun terakhir, Perseroan tidak                                   Company has received no complaints related to the public.
      menerima pengaduan terkait masyarakat.


      Komitmen terhadap Pelanggan                                                            Commitment to Customers

      Mempertahankan kepercayaan dan memastikan                                              Maintaining trust and ensuring customer satisfaction with
      kepuasan pelanggan terhadap produk dan layanan                                         the products and services provided is a commitment that
      yang diberikan adalah komitmen yang harus dijaga                                       must be maintained by the Company, by always paying
      oleh Perseroan, dengan senantiasa memperhatikan                                        attention to customer needs, forming product and service
      kebutuhan pelanggan, membentuk inovasi produk dan                                      innovations, and fulfilling applicable regulations, one of
      layanan, serta memenuhi ketentuan yang berlaku, salah                                  which refers to Law No. 8 of 1999 concerning Consumer
      satunya merujuk pada Undang-Undang No. 8 Tahun                                         Protection.
      1999 tentang Perlindungan Konsumen.

      Informasi Produk                                                                       Product Information
      Informasi produk disampaikan melalui situs web                                         Product information is submitted through the Company’s
      Perseroan, yang senantiasa diperbarui secara berkala                                   website, which is updated regularly so that customers can
      agar pelanggan dapat menerima informasi terbaru                                        receive the latest information in a timely manner.
      dengan tepat waktu.

      Produk/Jasa yang Sudah Dievaluasi Keamanannya                                          Products/Services That Have Been Evaluated for
      Pelanggan POJK.51-F27                                                                  Customer Safety
      Perseroan     memastikan      seluruh      produk-produk                               The Company ensures that all electronic products
      elektronik yang didistribusikan telah teruji keamanannya                               distributed have been tested for safety and are suitable for
      dan telah layak guna oleh pelanggan.                                                   use by customers.

      Inovasi dan Pengembangan Produk dan/atau Jasa                                          Innovation and Development of Products and/or
      POJK.51-F26                                                                            Services
      Dalam rangka mempertahankan kepercayaan dan                                            In order to maintain customer trust and satisfaction,
      kepuasan pelanggan, Perseroan memanfaatkan                                             the Company utilizes technological developments and
      perkembangan teknologi dan proses digitalisasi untuk                                   digitalization processes to innovate and develop products.
      melakukan inovasi dan pengembangan produk. Pada                                        In 2023, the innovation and development of products or
      tahun 2023, inovasi dan pengembangan produk                                            services carried out by the Company are as follows.
      ataupun jasa yang dilakukan Perseroan sebagai berikut.
      1. Memproduksi produk yang berbahan ramah                                              1. Producing products made from environmentally
         lingkungan.                                                                            friendly materials.
      2. Meningkatkan kualitas pelayanan kepada pelanggan                                    2. Improving the quality of service to customers by
         dengan memberikan jasa antar gratis sampai dengan                                      providing free delivery services up to certain zones,
         zona tertentu, memberikan biaya instalasi standar,                                     providing standard installation costs, flood and
         asuransi banjir dan petir, serta asuransi kebakaran.                                   lightning insurance, and fire insurance.




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3. Menawarkan 7 value added dan 4 premium services,            3. Offer 7 value added and 4 premium services, of which 7
   di mana 7 value added, yaitu 14 hari garansi                   value added is 14 days warranty return and exchange,
   pengembalian dan penukaran, produk orisinil dan                original product and official warranty, free delivery and
   garansi resmi, pengantaran dan instalasi gratis, gratis        installation, free insurance, installment and complete
   asuransi, cicilan dan opsi pembayaran lengkap,                 payment options, e-cityzen rewards, and premium
   e-cityzen rewards, dan premium services. Sementara,            services. Meanwhile, 4 premium services, which are
   4 premium services, yaitu perpanjangan asuransi,               extended warranty and insurance, express repair service,
   layanan perbaikan ekspres, pengantaran dan instalasi           express delivery and installation, and gift cards.
   ekspres, serta gift card.
4. Menggencarkan penggunaan aplikasi online                    4. Intensifying the use of the Company’s online application,
   Perseroan, yaitu ECI.ID by Electronic City untuk               which is ECI.ID by Electronic City to make it easier
   memudahkan pelanggan memilih kebutuhan                         for customers to choose electronic needs easily and
   elektronik dengan mudah dan efisien.                           efficiently.
5. Melanjutkan inisiatif daur ulang sampah melalui kerja       5. Continuing waste recycling initiatives through
   sama dengan perusahaan pengelola limbah dalam                  collaboration with Waste Management Company in
   membuat waste station, sehingga pelanggan dapat                creating waste stations, so that customers can recycle
   melakukan daur ulang sampah.                                   waste.
6. Melanjutkan inovasi terkait produk makanan dan              6. Continuing innovation related to organic food and
   minuman organik, serta peralatan rumah tangga                  beverage products, as well as environmentally friendly
   yang ramah lingkungan.                                         home appliances.
7. Menghadirkan display interaktif sistem energi               7. Presenting interactive displays of solar energy systems
   surya di Electronic City bekerja sama dengan salah             at Electronic City collaborates with one of the solar
   satu produsen solar panel yaitu SUN Terra untuk                panel manufacturers is SUN Terra to support the use of
   mendukung penggunaan sistem energi surya bagi                  solar energy systems for the community.
   masyarakat.

Tampilan Aplikasi ECI.ID by Electronic City                    ECI.ID by Electronic City Application Display




Pemasaran Produk                                               Product Marketing
Perseroan melakukan pemasaran produk yang merata               The Company conducts product marketing evenly
di seluruh wilayah Indonesia. Proses pemasaran                 throughout Indonesia. The marketing process is carried
tersebut dilakukan secara konvensional dan digital             out conventionally and digitally in accordance with
menyesuaikan dengan cara pemasaran efektif saat                today’s effective marketing methods. Conventional
ini. Pemasaran konvensional dilakukan dengan cara              marketing is carried out by communicating directly
berkomunikasi langsung dengan pelanggan di outlet              with customers at the Company’s outlets, either to
Perseroan, baik untuk menginformasikan produk atau             inform products or provide direct services to customers.
memberikan layanan langsung kepada pelanggan.                  Meanwhile, digital marketing is intensified through
Sementara, pemasaran digital digencarkan melalui situs         the Company’s website, which is https://eci.id/.com,
web Perseroan, yaitu https://eci.id/.com, media sosial,        social media, and intensifying the use of the Company’s
serta menggencarkan penggunaan aplikasi Perseroan              application to customers, which is ECI.ID by Electronic
kepada pelanggan, yaitu ECI.ID by Electronic City.             City.




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      Keamanan Data dan Informasi Pelanggan                                                Security of Customer Data and Information
      Perseroan berupaya untuk menjaga keamanan data                                       The Company strives to maintain the security of customer
      dan informasi pelanggan agar tidak disalahgunakan                                    data and information so that it is not misused by other
      oleh pihak lain yang dapat menyebabkan kerugian,                                     parties that can cause losses, both to customers and the
      baik kepada pelanggan ataupun perusahaan. Adapun                                     company. The initiatives implemented, including:
      inisiatif yang diterapkan, yaitu:
      1. Tidak menyebarluaskan data pelanggan kepada                                       1. Do not disseminate customer data to any party;
          pihak manapun;
      2. Data dan informasi pelanggan dikelola oleh pihak                                  2. Customer data and information are managed by
          yang berwenang; serta                                                               authorized parties; and
      3. Perseroan senantiasa melakukan pemantauan terkait                                 3. The Company always monitors the security of customer
          keamanan data dan informasi pelanggan.                                              data and information.

      Produk yang Ditarik Kembali POJK.51-F29                                              Recalled Products
      Sepanjang tahun 2023, tidak terdapat produk Perseroan                                Throughout 2023, none of the Company’s products have
      yang ditarik kembali dari pasaran. Seluruh produk                                    been withdrawn from the market. All of the Company’s
      Perseroan telah didistribusikan dengan baik.                                         products have been well distributed.

      Menjaga Kesehatan dan Keselamatan Pelanggan                                          Maintaining Customer Health and Safety
      Perseroan turut memperhatikan kesehatan dan                                          The Company also pays attention to the health and
      keselamatan pelanggan, baik yang berkunjung                                          safety of customers, whether visiting the Company’s office
      ke gedung perkantoran, outlet, ataupun gudang                                        buildings, outlets, or warehouses. This is to anticipate
      Perseroan. Hal tersebut untuk mengantisipasi hal-hal                                 things that are not desirable and cause disruption to
      yang tidak diinginkan dan menyebabkan terganggunya                                   the comfort of customers. Initiatives implemented such
      kenyamanan para pelanggan. Inisiatif yang diterapkan                                 as providing masks when customers are in warehouses,
      seperti menyediakan masker saat pelanggan berada di                                  providing handwashing facilities or hygiene facilities,
      gudang, menyediakan fasilitas cuci tangan atau sarana                                ensuring the safety of every building and facilities owned
      kebersihan, memastikan keamanan setiap gedung dan                                    by the company, and other initiatives.
      fasilitas yang dimiliki perusahaan, dan inisiatif lainnya.

      Survei Kepuasan Pelanggan POJK.51-F30                                                Customer Satisfaction Surveys
      Hingga Desember 2023, Perseroan belum membentuk                                      As of December 2023, the Company has not established a
      prosedur survei terkait kepuasan pelanggan. Akan                                     survey procedure related to customer satisfaction. However,
      tetapi, dalam setiap pelayanan yang diberikan, Perseroan                             in every service provided, the Company strives to establish
      berupaya menjalin komunikasi yang transparan kepada                                  transparent communication to all customers, especially
      seluruh pelanggan, terutama menanyakan kecukupan                                     asking for adequacy and satisfaction with the services
      dan kepuasan atas jasa pelayanan yang diberikan, baik                                provided, either directly or via Whatsapp and e-mail.
      secara langsung ataupun melalui Whatsapp dan e-mail.

      Mekanisme Pengaduan Pelanggan                                                        Customer Complaint Mechanism
      Perseroan menyediakan sarana bagi pelanggan untuk                                    The Company provides a means for customers to submit
      menyampaikan pengaduan melalui:                                                      complaints through:
      Customer Care Hotline     : 15000-32                                                 Customer Care Hotline   : 15000-32
      SMS atau WA Customer Care : 0811 850 0032                                            SMS or WA Customer Care : 0811 850 0032
      E-mail Customer Care      : customer@electronic-city.                                Customer Care E-mail    : customer@electronic-city.
      		                          co.id                                                    		                        co.id
      Facebook		                : ElectronicCityIndonesia                                  Facebook		              : ElectronicCityIndonesia
      Twitter		                 : @electronic_city                                         Twitter		               : @electronic_city
      Instagram		               : electroniccityid                                         Instagram		             : electroniccityid
      Live chat		               : www.eci.id                                               Live chat		             : www.eci.id




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     Analisis Dan Pembahasan Manajemen                      Tata Kelola Perusahaan                                         Laporan Keberlanjutan
     Management Discussion And Analysis                     Good Corporate Governance                                      Sustainability Report




Pengaduan terkait pelanggan yang diterima akan                      Complaints related to customers received will be identified,
diidentifikasi, diproses, dan ditindaklanjuti dengan                processed, and followed up properly and professionally
baik dan profesional tanpa adanya intervensi dari pihak             without any intervention from any party.
manapun.


                                                          2023                                      2022                             2021

               Jenis Pengaduan               Jumlah                    Sedang              Jumlah                        Jumlah
              Types of Complaints            Keluhan     Selesai   Ditindaklanjuti         Keluhan         Selesai       Keluhan            Selesai
                                              No. of      Done     Under Followed           No. of          Done          No. of             Done
                                            Complaints                   up               Complaints                    Complaints

 Produk Product                                230         230            -                   176            176               615             615

 Instalasi Installation                        232         232            -                   145            145               237             237

 Pengantaran Delivery                              70       70            -                    44              44              110             110

 Reparasi Repair                                   11       11            -                    13              13               42              42

 Lainnya Other                                 139         139            -                    57              57              138             138

 Jumlah Total                                  682        682             -                   435            435            1.142           1.142



Komitmen terhadap Mitra Usaha                                       Commitment to Business Partners
Perseroan dan Entitas Anak membutuhkan mitra                        The Company and Subsidiaries need business partners/
usaha/vendor/pemasok untuk memenuhi rantai pasok                    vendors/suppliers to fulfill the production supply chain.
produksi. Maka dari itu, Perseroan berupaya membangun               Therefore, the Company strives to build good relationships
hubungan yang baik dengan para mitra usaha, terutama                with business partners, especially with distributors and
dengan distributor dan agen pemasaran produk.                       product marketing agents.

Hubungan dengan Mitra Usaha                                         Relationship with Business Partners
Perseroan berupaya menjaga hubungan yang baik                       The Company strives to maintain good relations with
dengan para mitra usaha, baik skala nasional ataupun                business partners, both national and international by
internasional dengan menyusun dan memenuhi kontrak                  drafting and fulfilling employment contracts responsibly
kerja secara bertanggung jawab dan transparan. Selain               and transparently. In addition, the Company provides
itu, Perseroan menyediakan media komunikasi bagi                    communication media for business partners through the
mitra usaha melalui Sekretaris Perusahaan, apabila                  Corporate Secretary, in case of violations or communication
terjadi tindakan pelanggaran atau kesalahan komunikasi.             errors. All complaints received will be followed up
Seluruh pengaduan yang diterima akan ditindaklanjuti                professionally.
dengan profesional.

Informasi terkait mitra usaha Perseroan dalam 3 tahun               Information related to the Company’s business partners in
terakhir diungkapkan sebagai berikut.                               the last 3 years is disclosed as follows.


                                           2023                                 2022                                          2021
            Uraian
          Description                Jumlah Perusahaan                 Jumlah Perusahaan                             Jumlah Perusahaan
                                      No. of Companies                  No. of Companies                              No. of Companies

 Pemasok Nasional                            35                                      18                                           14
 National Supplier

 Pemasok Internasional                     1.791                                  1.356                                        1.160
 International Supplier

 Total                                    1.826                                  1.374                                        1.174




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            Performance Glimpses                                                   Management Reports                                       Company Profile




      Kinerja Keberlanjutan Aspek Lingkungan                                                 Sustainability Performance of Environmental
      Hidup                                                                                  Aspects

      Perseroan    menyadari     menjaga      keseimbangan                                   The Company realizes that maintaining a balance of
      aspek keberlanjutan melalui lingkungan hidup akan                                      sustainability aspects through the environment will provide
      memberikan manfaat dalam jangka panjang, serta                                         long-term benefits, as well as participate in building a
      turut serta membangun kehidupan yang lebih baik                                        better life for future generations with sufficient energy
      bagi generasi mendatang dengan adanya ketersediaan                                     availability, reduced pollution, and maintained biodiversity
      energi yang cukup, berkurangnya polusi, dan terjaganya                                 in the surrounding environment.
      keanekaragaman hayati di lingkungan sekitar.

      Pengelolaan Toko yang Ramah Lingkungan POJK.51-F5                                      Eco-Friendly Store Management
      Perseroan      terus   menyempurnakan        komitmen                                  The Company continues to improve its commitment to
      mengelola toko yang ramah lingkungan untuk menjaga                                     managing environmentally friendly stores to maintain
      keberlanjutan di lingkungan internal dan eksternal.                                    sustainability in the internal and external environment. For
      Untuk itu, Perseroan meningkatkan kesadaran karyawan                                   this reason, the Company increases employee awareness
      untuk mengurangi penggunaan plastik dari barang-                                       to reduce the use of plastic from employees’ personal
      barang pribadi karyawan, dengan mengajak karyawan                                      belongings, by inviting employees to bring their own
      membawa perlengkapan makan sendiri dan tumbler;                                        tableware and tumblers; reduce paper use by streamlining
      mengurangi penggunaan kertas dengan mengefektifkan                                     the use of digital documents; meet noise standards; and
      penggunaan dokumen digital; memenuhi standar                                           continue to contribute to greening activities carried out
      kebisingan; serta melanjutkan kontribusi dalam kegiatan                                around the Company’s office environment and stores.
      penghijauan yang dilakukan di sekitar lingkungan
      kantor dan toko-toko Perseroan.

      Penggunaan Energi                                                                      Energy Use
      Untuk menunjang aktivitas operasional, Perseroan                                       To support operational activities, the Company needs
      membutuhkan sumber energi berupa listrik dan bahan                                     energy sources in the form of electricity and petroleum
      bakar minyak (BBM). Energi listrik didapatkan Perseroan                                fuel(BBM). Electrical energy is obtained by the Company
      melalui aliran listrik dari Perusahaan Listrik Negara                                  through electricity from the State Electricity Company
      (PLN), yang digunakan untuk menyalakan perangkat                                       (SEC), which is used to power electronic devices, air
      elektronik, pendingin ruangan (AC), dan penerangan.                                    conditioners (AC), and lighting. Meanwhile, fuel is obtained
      Sementara, BBM didapatkan dari outlet pengisian bahan                                  from refueling outlets around the company, which are used
      bakar di sekitar perusahaan, yang digunakan untuk                                      to fuel operational vehicles and generators.
      bahan bakar kendaraan operasional dan genset.

      Selain menggunakan energi, Perseroan menerapkan                                        In addition to using energy, the Company implements
      inisiatif untuk mengurangi penggunaan energi sebagai                                   initiatives to reduce energy use as follows:
      berikut:
      1. Melakukan sosialisasi terkait penghematan energi.                                   1. Conduct socialization related to energy saving.
      2. Menghimbau seluruh insan Perseroan untuk                                            2. Urge all employees of the Company to turn off lights and
          mematikan lampu dan piranti listrik (komputer,                                        electrical devices (computers, air conditioners, fans, etc.)
          AC, kipas angin, dan lain-lain) apabila sudah tidak                                   if they are no longer in use.
          digunakan.
      3. Memaksimalkan penggunaan kertas/dokumen dan                                         3. Maximize the use of paper/documents and take
          memanfaatkan penggunaan teknologi.                                                    advantage of the use of technology.

      Perseroan telah menghitung penggunaan listrik dan                                      The Company has calculated the use of electricity and fuel
      BBM selama 3 tahun terakhir sebagai berikut.                                           for the last 3 years as follows.

      Penggunaan Listrik POJK.51-F6                                                                                                        Electricity Use

                   Pemakaian Listrik           Tarif Dasar Listrik LWBP           Tarif Dasar Listrik WBP       Pemakaian Listrik
                         (Rp)                                                                                                          Pemakaian Listrik
       Tahun                                 (Luar Waktu Beban Puncak)            (Waktu Beban Puncak)             Electricity
                      Electricity                                                                                                   Electricity Consumption
        Year                                    Basic Electricity Tariff          Basic Electricity Tariff on     Consumption
                   Consumption (Rp)                                                                                                        (Gigajoule)
                                               Beyond Peak Load Times                 peak load times                (kWh)

        2023          2.786.154.458                     1.035,78                           1.553,67                  2.329,12              8.384,83

        2022          2.510.571.589                     1.035,78                           1.553,67                  2.111,07              7.599,86

        2021          2.288.270.200                     1.035,78                           1.553,67                  1.758,54              6.330,76




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     Management Discussion And Analysis                                Good Corporate Governance                                        Sustainability Report




Penggunaan BBM POJK.51-F6                                                                                                                          Use of Fuel


                                    Pemakaian BBM                Harga BBM             Harga BBM (Bio Solar)               Total Biaya Pemakaian BBM
              Pemakaian BBM                                                                                                      Total Fuel Usage
 Tahun                               Bio Solar (Liter)       (Pertalite) per Liter         per Liter (Rp)
              Pertalite (Liter)                                                                                                         (Rp)
  Year                              Subsidized Diesel                (Rp)              Subsidized Diesel Price
               Pertalite Usage
                                          Usage                 Pertalite Price                                              Solar               Pertalite

 2023               3.757,50            3.532,35                     10.000                      6.800                    17.220.000             37.575.000

 2022                   4.768              2.873                     10.000                      6.800                    16.608.634             41.323.080

 2021               4.455,54            2.787,37                      7.650                      5.150                    14.355.000             34.084.934




Pengendalian Emisi POJK.51-F11                                                 Emission Control
Pengendalian emisi dilakukan untuk mengurangi emisi                            Emission control is carried out to reduce exhaust emissions
gas buangan yang dihasilkan oleh Perseroan, terutama                           produced by the Company, especially from activities
dari aktivitas yang menggunakan energi listrik, seperti                        that use electrical energy, such as the use of electronic
penggunaan peralatan elektronik, penerangan, aktivitas                         equipment, lighting, digital activities (e-mail delivery), as
digital (pengiriman e-mail), serta penggunaan bahan                            well as the use of fuel in operational vehicles and individual
bakar pada kendaraan operasional dan kendaraan                                 vehicles, both motorcycles and cars. Realizing this, the
individu, baik motor ataupun mobil. Menyadari hal                              Company implemented initiatives related to emission
tersebut, Perseroan menerapkan inisiatif terkait                               control as follows.
pengendalian emisi sebagai berikut.
1. Mengganti jenis lampu menjadi lampu LED agar lebih                          1. Changing the type of lamp to an LED lamp to save more
   hemat listrik.                                                                 electricity.
2. Memaksimalkan penggunaan cahaya matahari untuk                              2. Maximize the use of sunlight to reduce the use of lights
   mengurangi penggunaan lampu pada siang hari.                                   during the day. The company also renovated the façades
   Perseroan juga merenovasi façade beberapa toko                                 of several shops with glass so that sunlight can enter the
   dengan kaca agar cahaya matahari dapat masuk ke                                shops.
   dalam toko.
3. Mengatur suhu pendingin udara (AC), agar                                    3. Set the temperature of the air conditioner (AC), so that
   penggunaan listrik lebih hemat.                                                electricity usage is more efficient.
4. Mengganti kendaraan operasional dengan kendaraan                            4. Replacing operational vehicles with newer vehicles in
   yang lebih baru agar dapat menghemat bahan bakar.                              order to save fuel.
5. Perseroan membangun bengkel sendiri untuk                                   5. The Company builds its own workshop to maintain all
   merawat semua kendaraan Perseroan, agar mesin                                  of the Company’s vehicles. So that the vehicle engine
   kendaraan tetap dalam kondisi prima yang mana                                  remains in prime condition which will affect fuel
   akan mempengaruhi konsumsi bahan bakar.                                        consumption.
6. Mengefisienkan pengiriman dokumen melalui e-mail                            6. Streamline sending documents via e-mail through
   melalui penjadwalan yang terencana.                                            planned scheduling.

Emisi Gas Rumah Kaca                                                                                                      Greenhouse Gas Emissions


              Uraian Description                     Satuan Unit                          2023                          2022                       2021

  Listrik Electricity                                    Ton CO2eq                      1.083.645,0                 1.649.299,0                 1.361.796,9

  BBM Fuel                                               Ton CO2eq                         15.348,0                     18.567,9                    10.189,4

  Dinas Perjalanan Travel Service                        Ton CO2eq                         15.865,4                      9.561,9                      19.996

  Jumlah Total                                           Ton CO2eq                    1.114.858,4                  1.677.428,8                 1.391.982,3




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            Performance Glimpses                                                   Management Reports                                    Company Profile




      Penggunaan Air POJK.51-F8                                                           Water Use
      Air menjadi kebutuhan vital bagi perusahaan untuk                                   Water is a vital need for companies for domestic purposes,
      keperluan domestik, seperti cuci tangan, keperluan                                  such as hand washing, pantry needs, restrooms, worship
      pantry, kamar kecil, keperluan beribadah, penyiraman                                needs, watering plants, and others. The Company obtains
      tanaman, dan lainnya. Perseroan mendapatkan air yang                                water from the Regional Water Supply Company (RWSC).
      berasal dari Perusahaan Daerah Air Minum (PDAM).

      Di samping memanfaatkan air untuk kebutuhan sehari-                                 In addition to utilizing water for daily needs, the Company
      hari, Perseroan menerapkan inisiatif untuk menghemat                                implements initiatives to save water usage in all operational
      penggunaan air di seluruh wilayah operasional dengan                                areas by:
      cara:
      1. Melakukan sosialisasi secara berkala kepada                                      1. Conduct regular socialization to employees to save
         karyawan untuk menghemat air, menerapkan disiplin                                   water, apply water use discipline, and use enough water.
         penggunaan air, serta menggunakan air secukupnya.                                   The socialization is delivered directly or through an
         Sosialisasi tersebut disampaikan secara langsung                                    appeal posted on the bathroom door;
         atau melalui himbauan yang ditempel di pintu kamar
         mandi;
      2. Melakukan pengecekan secara berkala kran-kran dan                                2. Periodically check faucets and water torens to avoid
         toren air guna menghindari kebocoran; serta                                         leakage; and
      3. Menggunakan air bekas pencucian/air limbah untuk                                 3. Using used washing/wastewater to water plants.
         menyiram tanaman.

      Perseroan telah melakukan perhitungan penggunaan                                    The Company has calculated water usage in the last 3 years
      air dalam 3 tahun terakhir sebagai berikut.                                         as follows.

      Penggunaan Air                                                                                                                      Water Usage


                    Uraian Description                              Satuan Unit                   2023                  2022                 2021


            Air PDAM PDAM water                                           m3                     35.010,00            37.726,00           30.183,60




      Sistem Pengelolaan Limbah POJK.51-F14                                                Waste Management System
      Sebagai bagian dari komitmen untuk menjaga                                           As part of its commitment to keep the environment clean
      lingkungan hidup tetap bersih dan lestari, Perseroan                                 and sustainable, the Company conducts responsible waste
      melakukan pengelolaan limbah yang bertanggung                                        management in collaboration with accredited third parties
      jawab melalui kerja sama dengan pihak ketiga yang                                    who have been licensed to manage various types of waste.
      telah terakreditasi dan memiliki izin dalam mengelola                                The waste management process carried out, which are the
      berbagai jenis limbah. Proses pengelolaan limbah yang                                separation between organic and inorganic waste, which
      dilakukan, yaitu pemisahaan antara sampah organik                                    then organic waste will be processed into compost, while
      dan anorganik, yang kemudian sampah organik akan                                     inorganic waste will be recycled.
      diproses menjadi pupuk kompos, sementara sampah
      anorganik akan didaur ulang.

      Sampah yang tidak dapat didaur ulang sisanya akan                                    The remaining waste that cannot be recycled will become
      menjadi residu (endapan) yang akan dibuang ke tempat                                 residues (deposits) that will be disposed of at the final
      pembuang akhir (TPA) di Bantar Gebang. Selain itu,                                   disposal site (FDS) in Bantar Gebang. In addition, the
      Perseroan melakukan pengujian kualitas air limbah                                    Company conducts drainage wastewater quality testing
      drainase setiap 3 bulan yang dilakukan oleh pihak ketiga.                            every 3 months conducted by third parties. The test is carried
      Pengujian tersebut dilakukan dengan mengambil                                        out by taking a sample of water from the drain and taken to
      sample air dari saluran pembuangan dan dibawa ke                                     the laboratory to check the levels. In 2023, the quality test
      laboratorium untuk dicek kadarnya. Di tahun 2023, hasil                              results of the Company’s wastewater content are below
      pengujian kualitas kadar air limbah Perseroan berada                                 the threshold or can still be tolerated. Furthermore, the test
      di bawah ambang batas atau masih dapat ditoleransi.                                  results are reported monthly to the management of the
      Selanjutnya, hasil pengujian tersebut dilaporkan setiap                              Sudirman Central Business District (SCBD) Area.
      bulan kepada pengelola Kawasan Sudirman Central
      Business District (SCBD).




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    Analisis Dan Pembahasan Manajemen                         Tata Kelola Perusahaan                                        Laporan Keberlanjutan
    Management Discussion And Analysis                        Good Corporate Governance                                     Sustainability Report




Adapun jenis sampah/limbah yang dihasilkan oleh                       The types of waste/waste generated by the Company
Perseroan terdiri dari limbah padat berupa alat tulis                 consist of solid waste in the form of office stationery
kantor (ATK), seperti kertas, botol plastik, botol tinta,             (OS), such as paper, plastic bottles, ink bottles, and used
dan bekas peralatan elektronik. Sedangkan, limbah                     electronic equipment. Meanwhile, liquid waste comes from
cair berasal dari air buangan kamar mandi. Dalam 3                    bathroom wastewater. In the last 3 years, the Company has
tahun terakhir, Perseroan telah melakukan perhitungan                 calculated the waste generated as follows.
sampah yang dihasilkan sebagai berikut.


           Uraian Description                 Satuan Unit                     2023                          2022                        2021

   Jumlah Sampah yang Dikumpulkan Amount of Waste Collected

   Sampah Organik Organic Waste                   Kg                            27.515                      24.462                      21.773
   Sampah Anorganik Inorganic Waste               Kg                            45.473                      31.146                      31.547
   Jumlah Total                                   Kg                           72.988                       55.608                      53.320

   Jumlah Sampah yang Didaur Ulang Amount of Waste Recycled

   Sampah Organik Organic Waste                   Kg                             6.238                        2.930                      3.140
   Sampah Anorganik Inorganic Waste               Kg                            10.194                        7.270                      7.162
   Jumlah Total                                   Kg                           16.432                       10.200                      10.302




Konservasi Keanekaragaman Hayati POJK.51-F13                          Biodiversity Conservation
Per Desember 2023, Perseroan belum melaksanakan                       As of December 2023, the Company has not implemented
kegiatan konservasi keanekaragaman hayati. Namun,                     biodiversity conservation activities. However, it is possible
tidak menutup kemungkinan kegiatan tersebut akan                      that these activities will be carried out by the Company,
dilaksanakan oleh Perseroan, baik secara internal                     either internally or in collaboration with external parties.
ataupun bekerja sama dengan pihak eksternal.

Mekanisme Pengaduan Lingkungan POJK.51-F16                            Environmental Complaints Mechanism
Pengaduan masalah terkait lingkungan dapat                            Complaints of environment-related issues can be
disampaikan melalui Divisi Sumber Daya Manusia.                       submitted through the Human Resources Division. All
Seluruh pengaduan yang diterima akan diidentifikasi                   complaints received will be identified and followed up
dan ditindaklanjuti secara objektif, transparan, dan                  objectively, transparently, and professionally. In the last 3
profesional. Dalam 3 tahun terakhir, Perseroan tidak                  years, the Company has received no complaints related to
menerima pengaduan terkait lingkungan.                                the environment.

Biaya Pengelolaan Lingkungan Hidup POJK.51-F4                         Environmental Management Costs
Biaya pengelolaan lingkungan hidup dalam 3 tahun                      The costs of environmental management in the last 3 years
terakhir diungkapkan pada tabel berikut.                              are disclosed in the following table.



            Uraian Description                     2023                                2022                                      2021


 Pengelolaan Limbah
                                                                  -                                    -                                          -
 Waste Management

 Pengujian kualitas air limbah drainase
                                                          6.000.000                          6.000.000                                  6.000.000
 Drainage wastewater quality testing

 Jumlah
                                                        6.000.000                           6.000.000                                 6.000.000
 Total




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             Performance Glimpses                                                       Management Reports                                               Company Profile




                                                                LEMBAR UMPAN BALIK POJK.51-G3
                                                                     FEEDBACK SHEET

      Kami meminta partisipasi kepada para pemangku kepentingan untuk memberikan umpan balik melalui e-mail atau mengirim formulir
      ini melalui fax/pos, setelah membaca Laporan Tahunan PT Electronic City Indonesia Tbk ini.
      We requested the participation of stakeholders to provide feedback via e-mail or send this form by fax/postmail, after reading this Annual
      Report of PT Electronic City Indonesia Tbk.

                                                                 Pertanyaan Question                                                       Setuju          Tidak Setuju
                                                                                                                                           Agree             Disagree

        Laporan ini telah memberikan informasi yang bermanfaat mengenai kinerja ekonomi.
        This report has provided useful information regarding economic performance.

        Data dan informasi yang diungkapkan mudah dipahami, lengkap, transparan, dan berimbang.
        The data and information disclosed are easy to understand, complete, transparent, and balanced.

        Data dan informasi yang disajikan berguna dalam pengambilan keputusan.
        The data and information presented are useful in decision making.

        Laporan ini menarik dan mudah dibaca.
        The report is interesting and easy to read.
      * Ceklis salah satu. Checklist 1

      Mohon berikan nilai mengenai aspek yang terdapat dalam laporan ini (nilai 1: paling penting, 2: penting, 3: tidak penting, 4: sangat tidak penting).
      Please provide a value on the aspects contained in this report (grades 1: most important, 2: important, 3: not important, 4: very unimportant).
           Kinerja Ekonomi                               Kode Etik                        Kesehatan dan Keselamatan Kerja                           Kepuasan Pelanggan
           Economic Performance                          Ethic Code                       Occupational Health & Safety                              Customer Satisfaction
           Produk dan Layanan                            Ketenagakerjaan                  Pengembangan Sosial dan Kemasyarakatan                    Penggunaan Energi
           Products & Services                           Employment                       Social & Community Development                            Energy Usage
      * Ceklis salah satu. Checklist 1 * Checklist on the left blank column


      Mohon berikan komentar/saran/usulan bagi laporan ini.
      Please provide comments/suggestion of this report.




        Profil Anda
        Your Profile
      Nama
      Name
      Pekerjaan
      Occupation
      Institusi/Perusahaan
      Institution
      Kontak (telepon/e-mail)
      Ph. No. /Email

      Kategori Pemangku Kepentingan Stakeholders Categories

           Pemerintah                                              Pelanggan                          Karyawan                                           Mitra Kerja
           Government                                              Customers                          Employees                                          Partners
           Media                                                   Masyarakat                         LSM                                                Lain-Lain, ….
           Media                                                   Community                          Nongovermental Organizations                       Others, …….
      * Ceklis salah satu. Checklist 1 * Checklist on the left blank column

      Saran dan tanggapan yang Anda berikan atas informasi yang disajikan dalam laporan ini mohon dikirimkan kepada:
      Your suggestions and responses to the information presented in this report are please send to:
                                                                                   Sekretaris Perusahaan
                                                                                    Corporate Secretary
                                                                              PT Electronic City Indonesia Tbk
                                                                                     Widi Satya Chitra
                                                                          Sudirman Central Business District (SCBD),
                                                                      Jl. Jend. Sudirman Head Office Kav 52-53, Lot 22
                                                                                       Jakarta Selatan
                                                                                      12190, Indonesia

                        T : (021) 515 1177       F : (021) 515 5919/20        E: corporatesecretary@electronic-city.co.id   W: www.corp.electronic-city.co.id




176   PT Electronic City Indonesia Tbk - Laporan Tahunan dan Laporan Keberlanjutan 2023
Page 178
    Analisis Dan Pembahasan Manajemen                               Tata Kelola Perusahaan                                       Laporan Keberlanjutan
    Management Discussion And Analysis                              Good Corporate Governance                                    Sustainability Report




Tanggapan terhadap Umpan Balik Laporan Tahun                               Response to Previous Year’s Report Feedback
Sebelumnya POJK.51-G4
Perseroan belum menerima umpan balik atau                                  The Company has not received any feedback or suggestions
saran dan masukan dari pemangku kepentingan                                and inputs from stakeholders regarding the preparation of
terkait penyusunan Laporan Tahunan dan Laporan                             the Annual Report and Sustainability Report for the 2023
Keberlanjutan untuk tahun buku 2023. Namun demikian,                       financial year. However, the Company is committed to
Perseroan berkomitmen meningkatkan penyusunan                              improving the preparation of the report in accordance with
laporan tersebut sesuai dengan kebijakan dan peraturan                     applicable policies and regulations.
yang berlaku.


Indeks Pengungkapan Kriteria Peraturan                                    Financial Services Authority Regulation Criteria
Otoritas Jasa Keuangan No. 51/POJK.03/2017                                Disclosure Index No. 51/POJK.03/2017
POJK.51-G5



 No. Indeks                                                       Uraian                                                                    Halaman
 Index No.                                                      Description                                                                  Page


     A.1        Penjelasan Strategi Berkelanjutan
                                                                                                                                                 7
                Sustainable Strategy Explained

  Ikhtisar Kinerja Berkelanjutan
  Continuous Performance Overview


     B.1        Ikhtisar Kinerja Ekonomi
                                                                                                                                                12
                Economic Performance Review


     B.2        Ikhtisar Kinerja Lingkungan Hidup
                                                                                                                                                15
                Environmental Performance Review


     B.3        Ikhtisar Kinerja Sosial
                                                                                                                                                15
                Social Performance Review

  Profil Perusahaan
  Company Profile


     C.1        Visi, Misi, dan Nilai Berkelanjutan
                Vision, Mission and Sustainable Values                                                                                          46


     C.2        Alamat Perusahaan
                                                                                                                                                44
                Company Address


     C.3        Skala Perusahaan
                Enterprise Scale                                                                                                              12; 156


     C.4        Produk, Layanan, dan Kegiatan Usaha yang Dijalankan
                                                                                                                                                47
                Products, Services and Business Activities Carried Out


     C.5        Keanggotaan pada Asosiasi
                                                                                                                                                25
                Membership in the Association


     C.6        Perubahan Organisasi Bersifat Signifikan                                                                                        45
                Significant Organizational Changes

  Penjelasan Direksi
  Board of Directors Explanation


     D.1        Penjelasan Direksi
                                                                                                                                                34
                Board of Directors Explanation




                                                                              PT Electronic City Indonesia Tbk - 2023 Annual Report and Sustainability Report   177
Page 179
            Kilas Kinerja                                                          Laporan Manajemen                                           Profil Perusahaan
            Performance Glimpses                                                   Management Reports                                          Company Profile




        No. Indeks                                                                 Uraian                                                          Halaman
        Index No.                                                                Description                                                        Page

         Tata Kelola Berkelanjutan
         Sustainable Governance


              E.1          Penanggung Jawab Penerapan Keuangan Berkelanjutan
                                                                                                                                                      155
                           PIC of Sustainable Finance Implementation


              E.2          Pengembangan Kompetensi terkait Keuangan Berkelanjutan
                                                                                                                                                      155
                           Sustainable Finance Competencies


              E.3          Penilaian Risiko atas Penerapan Keuangan Berkelanjutan
                                                                                                                                                      144
                           Risk Assessment of the Implementation of Sustainable Finance


              E.4          Hubungan dengan Pemangku Kepentingan
                                                                                                                                                       4
                           Relationship with Stakeholders


              E.5          Permasalahan terhadap Penerapan Keuangan Berkelanjutan
                                                                                                                                                       7
                           Problems with the Implementation of Sustainable Finance

         Kinerja Berkelanjutan
         Continuous Performance


              F.1          Kegiatan Membangun Budaya Berkelanjutan
                                                                                                                                                      155
                           Activities to Build a Sustainable Culture

         Kinerja Ekonomi
         Economy performance

                           Perbandingan Target dan Kinerja Produksi, Portofolio, Target Pembiayaan, atau Investasi, Pendapatan dan Laba Rugi
              F.2          Comparison of Production Targets and Performance, Portfolio, Financing Targets or Investments, Income and Profit           98
                           and Loss


                           Perbandingan Target dan Kinerja Portofolio, Target Pembiayaan, atau Investasi pada Instrumen Keuangan atau
              F.3          Proyek yang Sejalan dengan Keuangan Berkelanjutan
                                                                                                                                                      98
                           Comparison of Portfolio Targets and Performance, Financing Targets, or Investments in Financial Instruments or
                           Projects in Line with Sustainable Finance


         Kinerja Lingkungan
         Environmental Performance

         Umum
         General


              F.4          Biaya Lingkungan Hidup
                                                                                                                                                 172; 173; 175
                           Environmental Costs

         Aspek Material
         Material Aspects


              F.5          Penggunaan Material yang Ramah Lingkungan
                                                                                                                                                      172
                           Use of Environmentally Friendly Materials

         Aspek Energi
         Energy Aspects


              F.6          Jumlah dan Intensitas Energi yang Digunakan
                                                                                                                                                      172
                           Amount and Intensity of Energy Used


              F.7          Upaya dan Pencapaian Efisiensi Energi dan Penggunaan Energi Terbarukan
                                                                                                                                                      172
                           Efforts and Achievements of Energy Efficiency and Use of Renewable Energy

         Aspek Air
         Water Aspects


              F.8          Penggunaan Air
                                                                                                                                                      174
                           Water Usage




178   PT Electronic City Indonesia Tbk - Laporan Tahunan dan Laporan Keberlanjutan 2023
Page 180
   Analisis Dan Pembahasan Manajemen                                  Tata Kelola Perusahaan                                         Laporan Keberlanjutan
   Management Discussion And Analysis                                 Good Corporate Governance                                      Sustainability Report




No. Indeks                                                          Uraian                                                                      Halaman
Index No.                                                         Description                                                                    Page


Aspek Keanekaragaman Hayati
Biodiversity Aspects

               Dampak dari Wilayah Operasional yang Dekat atau Berada di Daerah Konservasi atau Memiliki Keanekaragaman Hayati
    F.9                                                                                                                                             175
               Impacts of Operational Areas That Are Close to or Located in Conservation Areas or Have Biodiversity

               Usaha Konservasi Keanekaragaman Hayati
   F.10                                                                                                                                             175
               Biodiversity Conservation Efforts

Aspek Emisi
Emission Aspects


   F.11        Jumlah dan Intensitas Emisi yang Dihasilkan berdasarkan Jenisnya
                                                                                                                                                    173
               Amount and Intensity of Emissions Produced by Type


   F.12        Upaya dan Pencapaian Pengurangan Emisi yang Dilakukan
                                                                                                                                                    173
               Efforts and Achievements of Emission Reductions Carried Out

Aspek Limbah dan Efluen
Aspects of Waste and Effluent

   F.13        Jumlah Limbah dan Efluen yang Dihasilkan berdasarkan Jenis
                                                                                                                                                    175
               Amount of Waste and Effluent Produced by Type


   F.14        Mekanisme Pengelolaan Limbah dan Efluen                                                                                              174
               Waste and Effluent Management Mechanisms


   F.15        Tumpahan yang Terjadi (jika ada)                                                                                                    N/A
               Spills That Happen (if any)

Aspek Pengaduan Terkait Lingkungan Hidup
Aspects of Complaints Related to the Environment


   F.16        Jumlah dan Materi Pengaduan Lingkungan Hidup yang Diterima dan Diselesaikan                                                          175
               Number and Materials of Environmental Complaints Received and Resolved

Kinerja Sosial Social Performance


               Komitmen LJK, Emiten, atau Perusahaan Publik untuk Memberikan Layanan atas Produk dan/atau Jasa yang Setara
               Kepada Konsumen                                                                                                                      168
   F.17
               Commitment of LJK, Issuers or Public Companies to Provide Services for Equivalent Products and/or Services to Consumers


Aspek Ketenagakerjaan
Employment Aspects


   F.18        Kesetaraan Kesempatan Bekerja
                                                                                                                                                    156
               Equality of Employment Opportunities


   F.19        Tenaga Kerja Anak dan Tenaga Kerja Paksa
                                                                                                                                                    156
               Child Labor and Forced Labor


   F.20        Upah Minimum Regional                                                                                                                162
               Regional Minimum Wage


   F.21        Lingkungan Bekerja yang Layak dan Aman
                                                                                                                                                    164
               Decent and Safe Working Environment


   F.22        Pelatihan dan Pengembangan Kemampuan Pegawai
                                                                                                                                                    158
               Employee Training and Capacity Building




                                                                                  PT Electronic City Indonesia Tbk - 2023 Annual Report and Sustainability Report   179
Page 181
            Kilas Kinerja                                                          Laporan Manajemen                               Profil Perusahaan
            Performance Glimpses                                                   Management Reports                              Company Profile




        No. Indeks                                                                 Uraian                                              Halaman
        Index No.                                                                Description                                            Page


         Aspek Masyarakat Aspects of Society


             F.23          Dampak Operasi terhadap Masyarakat Sekitar                                                                     165
                           Impact of Operation on Surrounding Communities


             F.24          Pengaduan Masyarakat                                                                                           168
                           Community Complaints


             F.25          Kegiatan Tanggung Jawab Sosial Lingkungan (TJSL)                                                               166
                           Environmental Social Responsibility Activities

         Tanggung Jawab Pengembangan Produk/Jasa Berkelanjutan
         Responsibility for Sustainable Product/Service Development

                           Inovasi dan Pengembangan Produk/Jasa Keuangan Berkelanjutan
             F.26                                                                                                                         168
                           Innovation and Development of Sustainable Financial Products/Services

                           Produk/Jasa yang sudah Dievaluasi Keamanannya bagi Pelanggan
             F.27                                                                                                                         168
                           Products/Services that have been Evaluated for Safety for Customers

                           Dampak Produk/Jasa
             F.28                                                                                                                         N/A
                           Impact of Products/Services

                           Jumlah Produk yang Ditarik Kembali                                                                             170
             F.29
                           Number of Recalled Products

                           Survei Kepuasan Pelanggan terhadap Produk dan/atau Jasa Keuangan Berkelanjutan
             F.30                                                                                                                         170
                           Customer Satisfaction Survey of Sustainable Financial Products and/or Services

         Lain-Lain
         Others


             G.1           Verifikasi Tertulis dari Pihak Independen (jika ada)
                                                                                                                                           6
                           Written Verification from Independent Parties (if applicable)


             G.2           Surat Pernyataan Anggota Direksi tentang Tanggung Jawab atas Laporan Berkelanjutan
                                                                                                                                          181
                           Statement Letter of Members of the Board of Directors regarding Responsibility for Continuous Reports


             G.3           Lembar Umpan Balik                                                                                             176
                           Feedback Sheet


             G.4           Tanggapan terhadap Umpan Balik Laporan Tahun Sebelumnya
                                                                                                                                          177
                           Response to Previous Year’s Report Feedback


             G.5           Daftar Pengungkapan sesuai Peraturan Otoritas Jasa Keuangan No. 51 tahun 2017                                  177
                           List of Disclosures in accordance with the Financial Services Authority Regulation No. 51 of 2017




180   PT Electronic City Indonesia Tbk - Laporan Tahunan dan Laporan Keberlanjutan 2023
Page 182

          
Page 183
Halaman ini sengaja dikosongkan
This page is intentionaly left blank
Page 184
PT Electronic City Indonesia Tbk
dan Entitas Anak/and Its Subsidiaries

Laporan Keuangan Konsolidasian/
Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir 31 Desember 2023 dan 2022/
For the Years Ended December 31, 2023 and 2022
Page 185
PT ELECTRONIC CITY INDONESIA Tbk DAN ENTITAS ANAK/AND ITS SUBSIDIARIES
DAFTAR ISI/TABLE OF CONTENTS



                                                                                                      Halaman/
                                                                                                        Page

 Laporan Auditor Independen/
 Independent Auditors’ Report

 Surat Pernyataan Direksi tentang Tanggung Jawab atas Laporan Keuangan Konsolidasian
 PT Electronic City Indonesia Tbk dan Entitas Anak untuk Tahun-tahun yang Berakhir
 31 Desember 2023 dan 2022/
 The Directors’ Statement on the Responsibility for Consolidated Financial Statements
 of PT Electronic City Indonesia Tbk and Its Subsidiaries for the Years Ended December 31, 2023
 and 2022

 LAPORAN KEUANGAN KONSOLIDASIAN - Untuk tahun-tahun yang berakhir 31 Desember 2023
   dan 2022/
 CONSOLIDATED FINANCIAL STATEMENTS - For the years ended December 31, 2023 and 2022

        Laporan Posisi Keuangan Konsolidasian/
        Consolidated Statements of Financial Position                                                    1

        Laporan Laba Rugi dan Penghasilan Komprehensif Lain Konsolidasian/
        Consolidated Statements of Profit or Loss and Other Comprehensive Income                         3

        Laporan Perubahan Ekuitas Konsolidasian/
        Consolidated Statements of Changes in Equity                                                     4

        Laporan Arus Kas Konsolidasian/
        Consolidated Statements of Cash Flows                                                            5

        Catatan atas Laporan Keuangan Konsolidasian/
        Notes to Consolidated Financial Statements                                                       6

 Lampiran – Lampiran/Attachments

 I.      Laporan Posisi Keuangan Entitas Induk/Parent Entity Statements of Financial Position

 II.     Laporan Laba Rugi dan Penghasilan Komprehensif Lain Entitas Induk/Parent Entity Statements
         of Profit or Loss and Other Comprehensive Income

 III.    Laporan Perubahan Ekuitas Entitas Induk/Parent Entity Statements of Changes in Equity

 IV.     Laporan Arus Kas Entitas Induk/Parent Entity Statements of Cash Flows
Page 186

          
Page 187

          
Page 188

          
Page 189

          
Page 190

          
Page 191

          
Page 192
2.
Page 193

          
Page 194
PT ELECTRONIC CITY INDONESIA Tbk DAN ENTITAS ANAK                                                   PT ELECTRONIC CITY INDONESIA Tbk AND ITS SUBSIDIARIES
Laporan Posisi Keuangan Konsolidasian                                                                               Consolidated Statements of Financial Position
31 Desember 2023 dan 2022                                                                                                            December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah, kecuali Dinyatakan Lain)                                          (Figures are Presented in Rupiah, unless Otherwise Stated)



                                                                             Catatan/
                                                              2023            Notes          2022

ASET                                                                                                          ASSETS

Aset Lancar                                                                                                   Current Assets
Kas dan setara kas                                        298.558.502.813      4,36      352.487.110.358      Cash and cash equivalents
Investasi jangka pendek                                   116.016.796.278       5        200.642.375.220      Short-term investments
Piutang usaha - setelah dikurangi
   cadangan kerugian penurunan nilai                                                                          Trade accounts receivable - net of allowance
   sebesar Rp 6.896.371.348                                                                                      for impairment of Rp 6,896,371,348
   dan Rp 4.177.401.686 pada tanggal                                                                             and Rp 4,177,401,686 as of December 31, 2023
   31 Desember 2023 dan 2022                                57.542.460.115      6         25.250.638.494         and 2022, respectively
Piutang lain-lain - setelah dikurangi                                           7
   cadangan kerugian penurunan nilai                                                                          Other accounts receivable - net of allowance
   sebesar Rp 15.000.000.000                                                                                     for decline in value of Rp 15,000,000,000
   31 Desember 2022                                         14.436.092.491                14.137.962.426         as of December 31, 2022
Persediaan - setelah dikurangi
   cadangan kerugian penurunan nilai                                                                          Inventories - net of allowance
   masing-masing sebesar Rp 36.725.673.013                                                                       for decline in value of Rp 36,725,673,013 and
   dan Rp 50.396.465.750 pada tanggal                                                                            Rp 50,396,465,750 as of December 31, 2023
   31 Desember 2023 dan 2022                              323.837.826.868      8         271.963.733.091         and 2022, respectively
Pajak dibayar dimuka                                       25.720.354.814      9          20.594.543.039      Prepaid taxes
Biaya dibayar dimuka                                       39.594.509.514      10         44.511.406.944      Prepaid expenses
Uang muka                                                  51.954.756.841      11         72.671.611.936      Advances
Jumlah Aset Lancar                                        927.661.299.734               1.002.259.381.508     Total Current Assets

Aset Tidak Lancar                                                                                             Noncurrent Assets
Piutang pihak berelasi - setelah dikurangi                                                                    Due from related parties - net of allowance
   cadangan penurunan nilai                                                                                      for decline in value Rp 8,927,520,722
   sebesar Rp 8.927.520.722 pada                                                                                 as of December 31, 2023
   tanggal 31 Desember 2023 dan 2022                        21.742.779.697    12,36       18.241.079.278         and 2022, respectively
Aset pajak tangguhan                                           201.941.881     33            329.104.309      Deferred tax assets
Aset tetap - setelah dikurangi akumulasi                                                                      Property and equipment - net of accumulated
   penyusutan masing-masing sebesar                                                                              depreciation of Rp 355,539,996,113 and
   Rp 355.539.996.113 dan Rp 362.113.161.037                                                                     Rp 362,113,161,037 as of December 31, 2023
   pada tanggal 31 Desember 2023 dan 2022                 638.707.800.576      13        643.295.174.827         and December 31, 2022, respectively
Aset-hak-guna - setelah dikurangi akumulasi                                                                   Right-of-use assets - net of accumulated
   penyusutan masing-masing sebesar                                                                              depreciation of Rp 56,786,552,458 and
   Rp 56.786.552.458 dan Rp 70.525.421.912                                                                       Rp 70,525,421,912 as of December 31, 2023
   pada tanggal 31 Desember 2023 dan 2022                   60.540.692.928     14         45.262.651.402         and 2022, respectively
Aset pengampunan pajak                                       4.333.212.500     15          4.333.212.500      Tax amnesty asset
Aset lain-lain                                              43.940.217.830     16         29.639.960.484      Other assets
Jumlah Aset Tidak Lancar                                  769.466.645.412                741.101.182.800      Total Noncurrent Assets

JUMLAH ASET                                              1.697.127.945.146              1.743.360.564.308     TOTAL ASSETS




Lihat catatan atas laporan keuangan konsolidasian yang merupakan                             See accompanying notes to consolidated financial statements
bagian yang tidak terpisahkan dari laporan keuangan konsolidasian.                           which are an integral part of the consolidated financial statements.




                                                                                -1-
Page 195
PT ELECTRONIC CITY INDONESIA Tbk DAN ENTITAS ANAK                                                    PT ELECTRONIC CITY INDONESIA Tbk AND ITS SUBSIDIARIES
Laporan Posisi Keuangan Konsolidasian                                                                                Consolidated Statements of Financial Position
31 Desember 2023 dan 2022                                                                                                             December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah, kecuali Dinyatakan Lain)                                           (Figures are Presented in Rupiah, unless Otherwise Stated)



                                                                              Catatan/
                                                              2023             Notes          2022

LIABILITAS DAN EKUITAS                                                                                         LIABILITIES AND EQUITY

Liabilitas jangka pendek                                                                                       Current Liabilities
Utang usaha                                                                     17                             Trade accounts payable
   Pihak berelasi                                               6.164.315       36                      -         Related party
   Pihak ketiga                                           421.832.212.642                 426.798.748.602         Third parties
Utang lain-lain                                                                 18                             Other accounts payable
   Pihak berelasi                                            1.948.735.000      36          2.300.861.738         Related party
   Pihak ketiga                                              6.465.609.832                  5.241.252.228         Third parties
Utang pajak                                                  8.594.983.976      19         12.525.917.061      Taxes payable
Beban akrual                                                15.652.752.978      20         11.802.218.590      Accrued expenses
Uang muka pelanggan                                          4.448.587.750                  6.504.883.360      Customers' advances
Pendapatan sewa diterima dimuka                              2.201.102.806                    612.817.916      Unearned rent revenue
Bagian liabilitas sewa jangka panjang yang
   akan jatuh tempo dalam waktu satu tahun                  11.715.971.266      21           9.725.681.334     Current portion of lease liabilities
Jumlah Liabilitas Jangka Pendek                           472.866.120.565                 475.512.380.829      Total Current Liabilities

Liabilitas Jangka Panjang                                                                                      Noncurrent Liabilities
Liabilitas sewa jangka panjang - setelah
   dikurangi bagian yang akan jatuh                                                                            Long-term lease liabilities -
   tempo dalam waktu satu tahun                             17.556.315.055      21          9.930.351.823         net of current portion
Liabilitas imbalan kerja jangka panjang                     32.186.324.321      32         27.102.546.992      Long-term employee benefits liability
Setoran jaminan                                              2.148.849.112      22          1.936.313.657      Security deposits
Jumlah Liabilitas Jangka Panjang                            51.891.488.488                 38.969.212.472      Total Noncurrent Liabilities
Jumlah Liabilitas                                         524.757.609.053                 514.481.593.301      Total Liabilities

EKUITAS                                                                                                        EQUITY
Ekuitas yang Dapat Diatribusikan                                                                               Equity Attributable to Owners
   kepada Pemilik Perusahaan                                                                                     of the Parent Company
Modal saham                                                                                                    Capital stock
   Modal dasar, modal ditempatkan dan disetor -
       1.334.333.000 saham dengan                                                                                 Authorized, issued and paid-up - 1,334,333,000
       nilai nominal Rp 100 per saham                      133.433.300.000      24         133.433.300.000            shares with Rp 100 par value per share
Tambahan modal disetor                                   1.212.122.727.148      25       1.223.693.710.389     Additional paid-in capital
Saham treasuri - masing -masing sebesar                                                                        Treasury shares - 119,451,195 and
   119.451.195 dan 166.336.195 saham pada tanggal                                                                 166,336,195 shares as of December 31, 2023
   31 Desember 2023 dan 2022                               (83.071.531.635)     24        (115.677.390.125)       and 2022, respectively
Saldo laba                                                                                                     Retained earnings
   Ditentukan penggunaanya                                   1.000.000.000      35                      -         Appropriated
   Tidak ditentukan penggunaanya                            97.956.878.660                 91.860.475.493         Unappropriated
Rugi yang belum direalisasi atas perubahan                                                                     Unrealized loss on change in fair value of
   nilai wajar aset keuangan diukur pada nilai                                                                    financial assets at fair value through
   wajar melalui penghasilan komprehensif lain            (189.146.314.222)               (104.520.735.280)       other comprehensive income

Jumlah Ekuitas yang Dapat
  Diatribusikan kepada                                                                                         Total Equity Attributable
  Pemilik Perusahaan                                     1.172.295.059.951               1.228.789.360.477        to Owners of the Parent Company

Kepentingan Nonpengendali                                       75.276.142      27             89.610.530      Non-controlling Interests
Jumlah Ekuitas                                           1.172.370.336.093               1.228.878.971.007     Total Equity

JUMLAH LIABILITAS DAN EKUITAS                            1.697.127.945.146               1.743.360.564.308     TOTAL LIABILITIES AND EQUITY




Lihat catatan atas laporan keuangan konsolidasian yang merupakan                              See accompanying notes to consolidated financial statements
bagian yang tidak terpisahkan dari laporan keuangan konsolidasian.                            which are an integral part of the consolidated financial statements.




                                                                                 -2-
Page 196
PT ELECTRONIC CITY INDONESIA Tbk DAN ENTITAS ANAK                                                      PT ELECTRONIC CITY INDONESIA Tbk AND ITS SUBSIDIARIES
Laporan Laba Rugi dan Penghasilan Komprehensif Lain Konsolidasian                         Consolidated Statements of Profit or Loss and Other Comprehensive Income
Untuk Tahun-tahun yang Berakhir 31 Desember 2023 dan 2022                                                            For the Years Ended December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah, kecuali Dinyatakan Lain)                                              (Figures are Presented in Rupiah, unless Otherwise Stated)



                                                                               Catatan/
                                                               2023             Notes               2022

PENDAPATAN                                               2.469.277.515.021       28           2.192.317.036.972      REVENUES

BEBAN POKOK PENJUALAN                                    2.054.643.588.741       29           1.802.448.441.042      COST OF SALES

LABA KOTOR                                                 414.633.926.280                      389.868.595.930      GROSS PROFIT

Beban usaha                                                (396.790.342.949)     30            (377.376.167.756)     Operating expenses
Pendapatan bunga                                             10.275.023.423                       3.967.118.659      Interest income
Rugi penjualan dan penghapusan                                                                                       Loss on sale and write-off of property
   aset tetap                                                   (10.760.089)     13                (808.790.659)         and equipment
Biaya keuangan                                               (1.161.540.523)                     (2.895.923.609)     Finance charges
Pajak final                                                 (10.355.979.853)                     (9.787.699.753)     Final tax
Pendapatan (beban) lainnya - bersih                          (3.380.516.522)     31               8.912.223.338      Other income (expense) - net

LABA SEBELUM PAJAK                                           13.209.809.767                      11.879.356.150      PROFIT BEFORE TAX

MANFAAT (BEBAN) PAJAK                                                                                                TAX BENEFIT (EXPENSE)
  Pajak kini                                                              -                                   -         Current tax
  Pajak tangguhan                                              (162.493.226)                        542.075.461         Deferred tax
Manfaat (Beban) Pajak - Bersih                                 (162.493.226)     33                 542.075.461      Tax Benefit (Expense) - Net

LABA TAHUN BERJALAN                                          13.047.316.541                      12.421.431.611      PROFIT FOR THE YEAR

PENGHASILAN (RUGI) KOMPREHENSIF LAIN                                                                                 OTHER COMPREHENSIVE INCOME (LOSS)
                                                                                                                     Items that will be reclassified subsequently to
Pos yang akan direklasifikasi ke laba rugi :                                                                             profit or loss :
   Rugi yang belum direalisasi atas perubahan                                                                            Unrealized loss on change in fair value of
      nilai wajar aset keuangan diukur pada nilai                                                                            financial assets at fair value through other
      wajar melalui penghasilan komprehensif lain           (84.625.578.942)      5            (191.570.620.588)             comprehensive income
                                                                                                                     Items that will not be reclassified subsequently
Pos yang tidak akan direklasifikasi ke laba rugi:                                                                        to profit or loss:
   Pengukuran kembali liabilitas imbalan pasti                 (160.594.535)     32               9.254.847.606          Remeasurement of defined benefit liability
   Pajak terkait pengukuran kembali liabilitas                                                                           Tax on remeasurement of defined benefit
      imbalan pasti                                              35.330.798      33              (2.036.066.478)             liability

RUGI KOMPREHENSIF LAIN                                                                                               OTHER COMPREHENSIVE LOSS -
  SETELAH PAJAK                                             (84.750.842.679)                   (184.351.839.460)       NET OF TAX

JUMLAH RUGI KOMPREHENSIF                                    (71.703.526.138)                   (171.930.407.849)     TOTAL COMPREHENSIVE LOSS

JUMLAH LABA (RUGI) TAHUN BERJALAN YANG                                                                               TOTAL PROFIT (LOSS) FOR THE YEAR
  DAPAT TERATRIBUSIKAN PADA:                                                                                           ATTRIBUTABLE TO:
  Pemilik entitas induk                                      13.061.650.929                      12.435.795.169        Owners of the Parent Company
  Kepentingan nonpengendali                                     (14.334.388)     27                 (14.363.558)       Non-controlling interests

                                                             13.047.316.541                      12.421.431.611

JUMLAH RUGI KOMPREHENSIF YANG                                                                                        TOTAL COMPREHENSIVE LOSS
  DAPAT DIATRIBUSIKAN KEPADA:                                                                                          ATTRIBUTABLE TO:
  Pemilik entitas induk                                     (71.689.191.750)                   (171.916.044.291)       Owners of the Parent Company
  Kepentingan nonpengendali                                     (14.334.388)     27                 (14.363.558)       Non-controlling interests

                                                            (71.703.526.138)                   (171.930.407.849)


LABA PER SAHAM DASAR                                                     11      34                           10     BASIC EARNINGS PER SHARE




Lihat catatan atas laporan keuangan konsolidasian yang merupakan                                See accompanying notes to consolidated financial statements
bagian yang tidak terpisahkan dari laporan keuangan konsolidasian.                              which are an integral part of the consolidated financial statements.




                                                                                 -3-
Page 197
PT ELECTRONIC CITY INDONESIA Tbk DAN ENTITAS ANAK                                                                                                                                                                                                                                 PT ELECTRONIC CITY INDONESIA Tbk AND ITS SUBSIDIARIES
Laporan Perubahan Ekuitas Konsolidasian                                                                                                                                                                                                                                                           Consolidated Statements of Changes in Equity
Untuk Tahun-tahun yang Berakhir 31 Desember 2023 dan 2022                                                                                                                                                                                                                                      For the Years Ended December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah, kecuali Dinyatakan Lain)                                                                                                                                                                                                                        (Figures are Presented in Rupiah, unless Otherwise Stated)



                                                                                                                                         Ekuitas yang Dapat Diatribusikan kepada Pemilik Entitas Induk/Equity Attributable to Owners of the Parent Company
                                                                                                                                                                                                                                   Laba (Rugi) yang Belum Direalisasi
                                                                                                                                                                                                                                        atas Perubahan Nilai Wajar
                                                                                                                                                                                                                                       Aset Keuangan Diukur pada
                                                                                                                                                                                                                                     Nilai Wajar Melalui Penghasilan
                                                                                                                                                                                            Saldo Laba / Retained Earning                   Komprehensif Lain/                                     Kepentingan
                                                                                                            Modal                       Tambahan                    Saham                                           Tidak          Unrealized Gain (Loss) on Change                               Nonpengendali/
                                                                                                           Saham/                     Modal Disetor/               Treasuri/            Ditentukan               ditentukan          in Fair Value of Financial Assets                                 Non-
                                                                                    Catatan/         Issued and Paid Up                Additional                  Treasury         penggunaannya/            penggunaannya/            at Fair Value through Other      Jumlah Ekuitas/            Controlling            Jumlah Ekuitas/
                                                                                     Notes              Capital Stock                 Paid-in Capital               Shares               Apropriate             Unapropriate              Comprehensive Income             Total Equity              Interests               Total Equity

Saldo pada tanggal 1 Januari 2022/
  Balance as of January 1, 2022                                                                           133.433.300.000             1.223.693.710.389          (115.677.390.125)                    -            72.001.656.297                   87.049.885.308        1.400.501.161.869             308.216.987          1.400.809.378.856

Penghasilan Komprehensif/Comprehensive Income

  Laba (rugi) tahun berjalan bersih/Profit (loss) for the year                                                            -                            -                         -                    -            12.435.795.169                                 -         12.435.795.169               (14.363.558)           12.421.431.611

Penghasilan Komprehensif Lain/Other Comprehensive Income

  Rugi yang belum direalisasi atas perubahan nilai aset keuangan
   pada nilai wajar melalui penghasilan komprehensif lain/
   Unrealized loss on change in fair value of financial assets at fair value
   through other comprehensive income                                                                                     -                            -                         -                    -                         -                 (191.570.620.588)        (191.570.620.588)                       -          (191.570.620.588)

  Pengukuran kembali liabilitas imbalan kerja jangka panjang - bersih/
   Remeasurement of long-term employee benefits liability - net                         32                                -                            -                         -                    -             7.218.781.128                                 -           7.218.781.128                        -             7.218.781.128

  Jumlah Penghasilan (Rugi) Komprehensif/
  Total Comprehensive Income (Loss)                                                                                       -                            -                         -                    -            19.654.576.297                 (191.570.620.588)        (171.916.044.291)             (14.363.558)         (171.930.407.849)

  Transaksi dengan pemilik/ Transaction with owners
    Kepentingan non-pengendali dari akuisisi entitas anak/Non-controlling
    interest from acquisition of a subsidiary                                                                             -                            -                         -                    -               204.242.899                                 -            204.242.899              (204.242.899)                        -
Saldo pada tanggal 31 Desember 2022/
  Balance as of December 31, 2022                                                                         133.433.300.000             1.223.693.710.389          (115.677.390.125)                    -            91.860.475.493                 (104.520.735.280)       1.228.789.360.477              89.610.530          1.228.878.971.007

Penghasilan Komprehensif/Comprehensive Income

  Laba (rugi) tahun berjalan bersih/Profit (loss) for the year                                                            -                            -                         -                    -            13.061.650.929                                 -         13.061.650.929               (14.334.388)           13.047.316.541

Penghasilan Komprehensif Lain/Other Comprehensive Income

  Rugi yang belum direalisasi atas perubahan nilai aset keuangan
   pada nilai wajar melalui penghasilan komprehensif lain/
   Unrealized loss on change in fair value of financial assets at fair value
   through other comprehensive income                                                   5                                 -                            -                         -                    -                         -                  (84.625.578.942)         (84.625.578.942)                       -           (84.625.578.942)

  Pengukuran kembali liabilitas imbalan kerja jangka panjang - bersih/
   Remeasurement of long-term employee benefits liability - net                         32                                -                            -                         -                    -              (125.263.737)                                -            (125.263.737)                       -              (125.263.737)

  Jumlah Penghasilan (Rugi) Komprehensif/
  Total Comprehensive Income (Loss)                                                                                       -                            -                         -                    -            12.936.387.192                  (84.625.578.942)         (71.689.191.750)             (14.334.388)          (71.703.526.138)
  Transaksi dengan pemilik/ Transaction with owners
    Saham treasuri/treasury shares                                                      24                                -             (11.570.983.241)           32.605.858.490                     -                         -                                 -         21.034.875.249                         -            21.034.875.249
    Dividen tunai/Cash dividends                                                        26                                -                           -                         -                     -            (5.839.984.025)                                -         (5.839.984.025)                        -            (5.839.984.025)
    Pembentukan cadangan umum/ Appropriation for general reserve                        35                                -                           -                         -         1.000.000.000            (1.000.000.000)                                -                      -                         -                         -
Saldo pada tanggal 31 Desember 2023/
  Balance as of December 31, 2023                                                                         133.433.300.000             1.212.122.727.148            (83.071.531.635)       1.000.000.000            97.956.878.660                 (189.146.314.222)       1.172.295.059.951              75.276.142          1.172.370.336.093




Lihat catatan atas laporan keuangan konsolidasian yang merupakan bagian yang tidak terpisahkan dari laporan keuangan konsolidasian/
See accompanying notes to consolidated financial statements which are an integral part of the consolidated financial statements.




                                                                                                                                                                          -4-
Page 198
PT ELECTRONIC CITY INDONESIA Tbk DAN ENTITAS ANAK                                                PT ELECTRONIC CITY INDONESIA Tbk AND ITS SUBSIDIARIES
Laporan Arus Kas Konsolidasian                                                                                          Consolidated Statements of Cash Flows
Untuk Tahun-tahun yang Berakhir 31 Desember 2023 dan 2022                                                      For the Years Ended December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah, kecuali Dinyatakan Lain)                                        (Figures are Presented in Rupiah, unless Otherwise Stated)



                                                              2023                     2022

ARUS KAS DARI AKTIVITAS OPERASI                                                                          CASH FLOWS FROM OPERATING ACTIVITIES
Penerimaan dari pelanggan                                2.527.694.212.818      2.161.968.591.730        Cash receipts from customers
Pembayaran kepada pemasok                               (2.157.015.786.262)    (1.825.737.112.602)       Cash paid to suppliers
Penerimaan pendapatan bunga                                 10.275.023.423          6.435.337.836        Interest income received
Pembayaran kepada karyawan dan lainnya                    (420.671.950.428)      (312.083.213.288)       Cash paid to employees and others

Kas bersih dihasilkan dari (Digunakan untuk)
   operasi                                                 (39.718.500.449)          30.583.603.676      Net cash generated from (Used in) operations
Penerimaan pengembalian pajak                                8.641.709.266            7.616.636.443      Receipt of tax refund
Pembayaran bunga                                            (1.161.540.523)          (2.798.514.102)     Payment of interest
Pembayaran pajak final                                     (10.355.979.853)          (6.215.899.735)     Final tax paid
Kas Bersih Diperoleh dari (Digunakan untuk)                                                              Net Cash Provided by
   Aktivitas Operasi                                       (42.594.311.559)          29.185.826.282         (Used in) Operating Activities

ARUS KAS DARI AKTIVITAS INVESTASI                                                                        CASH FLOWS FROM INVESTING ACTIVITIES
Pengembalian uang muka                                      49.787.500.000                        -      Receipt of advances returned
Hasil penjualan aset tetap                                     102.056.000               25.200.000      Proceeds from sale of property and equipment
Pencairan aset yang dijaminkan                                           -           50.000.000.000      Proceeds from restricted assets
Pencairan kontrak pengelolaan dana                                       -           30.000.000.000      Proceeds from fund management contract
Uang muka yang diberikan                                                 -          (17.200.000.000)     Advances given
Uang muka atas perolehan aset tetap                           (964.095.000)                       -      Advance of acquisitions of property and equipment
Piutang lain-lain yang diberikan                           (14.000.000.000)          (5.000.000.000)     Other receivable given
Perolehan aset tetap                                       (29.091.002.776)         (23.306.661.891)     Acquisitions of property and equipment
Kas Bersih Diperoleh dari                                                                                Net Cash Provided by Investing
   Aktivitas Investasi                                       5.834.458.224           34.518.538.109         Activities

ARUS KAS DARI AKTIVITAS PENDANAAN                                                                        CASH FLOWS FROM FINANCING ACTIVITIES
Penerimaan penjualan saham treasuri                          21.034.875.250                        -     Proceeds of sale of treasury shares
Penerimaan dari:                                                                                         Proceeds from:
   Utang bank                                                            -           16.500.000.000         Bank loan
Pembayaran untuk:                                                                                        Payment of:
   Utang sewa pembiayaan                                   (32.363.645.435)         (11.780.922.095)        Lease liabilities
   Utang bank                                                            -          (39.750.000.000)        Bank loan
Pembayaran dividen                                          (5.839.984.025)                       -      Dividends paid
Kas Bersih Digunakan untuk
   Aktivitas Pendanaan                                     (17.168.754.210)         (35.030.922.095)     Net Cash Used in Financing Activities

KENAIKAN (PENURUNAN) BERSIH                                                                              NET INCREASE (DECREASE) IN CASH AND
  KAS DAN SETARA KAS                                       (53.928.607.545)          28.673.442.296        CASH EQUIVALENTS

                                                                                                         CASH AND CASH EQUIVALENTS
KAS DAN SETARA KAS AWAL TAHUN                              352.487.110.358          323.813.668.062        AT THE BEGINNING OF THE YEAR

                                                                                                         CASH AND CASH EQUIVALENTS
KAS DAN SETARA KAS AKHIR TAHUN                             298.558.502.813          352.487.110.358        AT THE END OF THE YEAR




Lihat catatan atas laporan keuangan konsolidasian yang merupakan                          See accompanying notes to consolidated financial statements
bagian yang tidak terpisahkan dari laporan keuangan konsolidasian.                        which are an integral part of the consolidated financial statements.




                                                                              -5-
Page 199
PT ELECTRONIC CITY INDONESIA Tbk DAN                                     PT ELECTRONIC CITY INDONESIA Tbk AND
ENTITAS ANAK                                                                                      ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                              Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                 For the Years Ended
31 Desember 2023 dan 2022                                                               December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                               (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                   unless Otherwise Stated)

1.   Umum                                                      1.   General

     a.   Pendirian dan Informasi Umum                              a.     Establishment and General Information

          PT    Electronic  City   Indonesia   Tbk                         PT     Electronic City   Indonesia   Tbk
          (Perusahaan) didirikan berdasarkan Akta                          (the Company) was established based on
          No. 27 tanggal 29 April 2002 dari Myra                           Deed No. 27 dated April 29, 2002 of
          Yuwono, S.H., notaris di Jakarta. Akta                           Myra Yuwono, S.H., a public notary in
          pendirian ini disahkan oleh Menteri                              Jakarta. The deed of establishment
          Kehakiman dan Hak Asasi Manusia                                  was approved by the Minister of Justice
          Republik Indonesia dalam Surat Keputusan                         and Human Rights of the Republic
          No. C-18431 HT.01.01.TH.2002 tanggal                             of    Indonesia   in    Decision   Letter
          24 September 2002 serta diumumkan dalam                          No. C-18431 HT.01.01.TH.2002 dated
          Berita Negara Republik Indonesia No. 90                          September 24, 2002 and was published in
          tanggal 8 November 2002, Tambahan                                the State Gazette of the Republic of
          No. 13679.                                                       Indonesia No. 90 dated November 8, 2002,
                                                                           Supplement No. 13679.

          Anggaran      Dasar    Perusahaan      telah                     The Articles of Association have been
          mengalami beberapa kali perubahan,                               amended several times, most recently by
          terakhir dengan Akta No. 117 tanggal                             Deed No. 117 dated October 19, 2015 of
          19 Oktober 2015 dari Humberg Lie, S.H.,                          Humberg Lie, S.H., S.E., M.Kn., a public
          S.E., M.Kn., notaris di Jakarta, antara lain                     notary in Jakarta, among others, concerning
          mengenai penyesuaian Anggaran Dasar                              the changes in Articles of Association to
          dengan Peraturan Otoritas Jasa Keuangan                          comply with the Rules of the Financial
          (OJK). Perubahan Anggaran Dasar tersebut                         Services Authority (OJK). The changes in
          telah diterima dan dicatat di dalam Sistem                       the Articles of Association were received and
          Administrasi Badan Hukum Kementerian                             registered in the Legal Entity Administration
          Hukum dan Hak Asasi Manusia Republik                             System of the Ministry of Law and Human
          Indonesia         berdasarkan          surat                     Rights of the Republic of Indonesia based on
          No.     AHU-AH.01.03-0973149        tanggal                      letter No. AHU-AH.01.03-0973149 dated
          20 Oktober 2015.                                                 October 20, 2015.

          Sesuai dengan pasal 3 Anggaran Dasar                             In accordance with article 3 of the
          Perusahaan, ruang lingkup kegiatan usaha                         Company’s Articles of Association, the
          Perusahaan meliputi usaha perdagangan,                           scope of its activities is to engage in trading,
          perindustrian, pembangunan, dan jasa.                            industry, construction, and service. The
          Pada saat ini kegiatan usaha yang                                Company’s current business is trading of
          dijalankan Perusahaan adalah perdagangan                         electronic goods.
          ritel produk elektronik.

          Perusahaan      dan     entitas    anaknya                       The Company and its subsidiaries are
          selanjutnya disebut “Grup”.                                      collectively referred to herein as “the Group”.

          Perusahaan berdomisili di Jakarta dengan                         The Company domiciles in Jakarta and
          kantor pusat di Kawasan Niaga Terpadu                            its head office is located at Kawasan
          Sudirman Lot 22, Jl. Jend. Sudirman                              Niaga Terpadu Sudirman Lot 22, Jl. Jend.
          Kav. 52-53, Jakarta. Perusahaan mulai                            Sudirman Kav. 52-53, Jakarta. The
          beroperasi secara komersial pada tahun                           Company started its commercial operations
          2002.                                                            in 2002.

     b.   Penawaran Umum Efek Perusahaan                            b.     Public Offering of Shares

          Pada tanggal 21 Juni 2013, Perusahaan                            On June 21, 2013, the Company obtained
          memperoleh pernyataan efektif dari Kepala                        the Notice of Effectivity from the Chief
          Eksekutif Pengawas Pasar Modal OJK                               Executive functioning as Capital Market
          dengan surat No. S-181/D.04/2013 untuk                           Supervisor     of    OJK      in     Letter
          melakukan      penawaran    umum      atas                       No. S-181/D.04/2013 for its offering to the
          333.333.000 saham Perusahaan seharga                             public of 333,333,000 shares at Rp 4,050
          Rp 4.050 per saham kepada masyarakat dan                         per share. On July 3, 2013, all of these
          telah dicatatkan pada Bursa Efek Indonesia                       shares were listed in the Indonesia Stock
          pada tanggal 3 Juli 2013.                                        Exchange.



                                                         -6-
Page 200
PT ELECTRONIC CITY INDONESIA Tbk DAN                                                            PT ELECTRONIC CITY INDONESIA Tbk AND
ENTITAS ANAK                                                                                                             ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                                     Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                        For the Years Ended
31 Desember 2023 dan 2022                                                                                      December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                                      (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                                          unless Otherwise Stated)

         Pada tanggal 31 Desember 2023 dan 2022,                                                   As of December 31, 2023 and 2022, all of the
         seluruh saham Perusahaan atau sejumlah                                                    Company’s 1,334,333,000 shares are listed in
         1.334.333.000 saham telah tercatat di Bursa                                               the Indonesia Stock Exchange.
         Efek Indonesia.

    c.   Entitas Anak yang Dikonsolidasikan                                                c.      Consolidated Subsidiaries

         Pada tanggal 31 Desember 2023 dan 2022                                                    As of December 31, 2023 and 2022, the
         entitas anak yang dikonsolidasikan termasuk                                               subsidiaries which were consolidated,
         persentase kepemilikan Perusahaan, adalah                                                 including the respective percentages of
         sebagai berikut:                                                                          ownership held by the Company, are as
                                                                                                   follows:

                                                                              Tahun awal
                                                                               Operasi/      Persentase Kepemilikan/      Jumlah Aset (Sebelum Eliminasi)/
                                                                                Start of     Percentage of Ownership     Total Assets (Before Elimination)
                   Entitas Anak/        Domisili/         Jenis Usaha/        Commercial   December 31, December 31,   December 31,            December 31,
                   Subsidiaries         Domicile       Nature of Business     Operations       2023           2022         2023                     2022

         Entitas anak langsung/
         Directly owned subsidiaries

         PT Kirana Cipta Propertindo    Indonesia/   Bidang properti/             2014           99,53%      99,53%    280.133.713.911         281.306.129.082
            (KCP)                       Indonesia    Property business

         PT Griya Pusaka Propertindo    Indonesia/   Bidang properti/             2019           99,90%      99,90%    102.141.389.681         101.551.281.989
            (GPP)                       Indonesia    Property business

         PT Elang Cakrawala Inti        Indonesia/   Bidang perdagangan           2020           99,00%      99,00%       8.205.133.231          5.885.709.888
            (Elang)                     Indonesia      besar/
                                                     Trading
         PT Grooceries City Indonesia   Indonesia/   Bidang perdagangan           2023           99,00%           -          62.044.340                       -
            (GCI)                       Indonesia      kecil/
                                                     Retail
         Entitas anak tidak langsung
         melalui GPP/Indirect owned
         subsidiary through GPP

         PT Kirana Cipta Propertindo    Indonesia/   Bidang properti/             2019           0,47%        0,47%    102.141.389.681         101.551.281.989
            (KCP)                       Indonesia    Property business

         Entitas anak tidak langsung
         melalui Elang/Indirect owned
         subsidiary through Elang

         PT Grooceries City Indonesia   Indonesia/   Bidang perdagangan           2023           1,00%            -          62.044.340                       -
            (GCI)                       Indonesia      kecil/ Retail


         Kepentingan nonpengendali dari GPP dan                                                    The non-controlling interest in GPP and
         ELANG dianggap tidak material, sehingga                                                   ELANG are not considered material, thus,
         Grup     tidak  menyajikan       mengenai                                                 the Group has not incorporated in the
         pengungkapan yang disyaratkan untuk                                                       consolidated financial statements the
         kepentingan nonpengendali yang material                                                   required     disclosures      for    material
         dalam laporan keuangan konsolidasian                                                      noncontrolling interest of PSAK No. 67,
         sesuai PSAK No. 67, “Pengungkapan                                                         “Disclosures of Interests in Other Entities”.
         Kepentingan Dalam Entitas Lain”.

         Pada tanggal 12 Juli 2023, Grup mendirikan                                                On July 12, 2023, the Group established
         GCI, suatu perseroan terbatas dengan                                                      GCI, a private limited liability company with
         modal             dasar           sebesar                                                 authorized        capital        stock     of
         Rp 5.000.000.000 yang terbagi atas 5.000                                                  Rp 5,000,000,000 divided into 5,000 shares
         lembar saham dengan nilai nominal                                                         at Rp 1,000,000 (full Rupiah amount) par
         Rp 1.000.000 (nilai Rupiah penuh) per                                                     value per share. The authorized capital and
         lembar. Modal dasar dan disetor penuh                                                     paid-up capital of Rp 5,000,000,000 was
         sebesar Rp 5.000.000.000 telah diambil                                                    fully subscribed by the Group.
         bagian oleh Grup.




                                                                            -7-
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PT ELECTRONIC CITY INDONESIA Tbk DAN                                           PT ELECTRONIC CITY INDONESIA Tbk AND
ENTITAS ANAK                                                                                            ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                    Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                       For the Years Ended
31 Desember 2023 dan 2022                                                                     December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                     (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                         unless Otherwise Stated)

    d.   Dewan Komisaris, Direksi, dan Karyawan                           d.     Board of Commissioners, Directors, and
                                                                                 Employees

         Berdasarkan Akta No. 74 tanggal                                         Based       on    Deed    No.  74     dated
         26 Juli 2023 dibuat di hadapan Notaris                                  July 26, 2023 of Humberg Lie, S.H., S.E.,
         Humberg Lie, S.H., S.E., M.Kn., dan Akta                                M.Kn., and Deed No. 136 dated August 26,
         No. 136 tanggal 26 Agustus 2020 dibuat di                               2020 of Humberg Lie, S.H., S.E., M.Kn., a
         hadapan Notaris Humberg Lie, S.H., S.E.,                                public notary in Jakarta, composition of the
         M.Kn., notaris di Jakarta susunan pengurus                              Company's board of directors for 2023 and
         Perusahaan untuk 2023 dan 2022 adalah                                   2022 the Company’s management consists
         sebagai berikut:                                                        of the following:

                                                    2023                         2022

         Dewan Komisaris                                                                             Board of Commissioners
         Komisaris Utama           :       Hartono Tjahjadi Adiwana   Hartono Tjahjadi Adiwana   :   President Commissioner
         Komisaris                 :       Josephine Sukmadewi K.     Rahmat Adi Sutikno Halim   :   Commissioner
         Komisaris Independen      :            Ku Siew Kuan               Ku Siew Kuan          :   Independent Commisioners
                                                  Vivi Henny                 Vivi Henny
                                              Ratu Tisha Destria         Ratu Tisha Destria
         Direktur                                                                                    Directors
         Direktur Utama            :                Wiradi                     Wiradi            :   President Director
         Direktur                  :            Dedy Djafarli              Dedy Djafarli         :   Directors
                                               Roland Hutapea             Roland Hutapea
                                                Lyvia Mariana              Lyvia Mariana
                                           Lenny Susilawaty Jamadi    Lenny Susilawaty Jamadi
                                             FA Tri Agus Winarko      Josephine Sukmadewi K.
                                              Widi Satya Chitra          Widi Satya Chitra

         Personel manajemen kunci Grup terdiri dari                              Key management personnel of the Group
         Komisaris, Direksi, dan Kepala Departemen.                              consists of Directors, Commissioners, and
                                                                                 Department Heads.

         Sebagai perusahaan publik, Perusahaan                                   As a public company, the Company has
         telah memiliki Komisaris Independen,                                    Independent Commissioners, an Audit
         Komite Audit serta Komite Nominasi dan                                  Committee and a Nomination and
         Remunerasi yang diwajibkan oleh OJK.                                    Remuneration Committee as required by
         Fungsi Komite Nominasi dan Remunerasi                                   OJK. Functions of Nomination and
         dilaksanakan oleh Dewan Komisaris                                       Remuneration Committee are carried out by
         Perseroan.                                                              the Company's Board of Commissioners.

         Susunan Komite Audit Perusahaan pada                                    As of December 31, 2023 and 2022, the
         tanggal 31 Desember 2023 dan 2022 adalah                                Company’s Audit Comittee is composed of
         sebagai berikut:                                                        the following:

                                                  2023 dan/and 2022

          Ketua                        :            Vivi Henny                    : Chairman
          Anggota                      :      Rahmat Adi Sutikno Halim            : Members
                                                  Ismail Afipudin

         Kepala Audit Internal Perusahaan pada                                   As at December 31, 2023 and 2022, the
         tanggal 31 Desember 2023 dan 2022 masing                                head of the Company’s Internal Audit is
         masing adalah Yunni Anna.                                               Yunni Anna.

         Sekretaris Perusahaan pada tanggal                                      As at December 31, 2023 and 2022, the
         31 Desember 2023 dan 2022 adalah Widi                                   Company’s Corporate Secretary is Widi
         Satya Chitra.                                                           Satya Chitra.




                                                           -8-
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PT ELECTRONIC CITY INDONESIA Tbk DAN                                     PT ELECTRONIC CITY INDONESIA Tbk AND
ENTITAS ANAK                                                                                      ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                              Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                 For the Years Ended
31 Desember 2023 dan 2022                                                               December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                               (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                   unless Otherwise Stated)

          Jumlah rata-rata karyawan Grup (tidak                            The Group’s had an average number of
          diaudit) adalah 1.245 tahun 2023 dan 1.159                       employees (unaudited) 1,245 in 2023 and
          tahun 2022.                                                      1,159 in 2022.

     e.   Penyelesaian       Laporan       Keuangan                 e.     Completion of Consolidated Financial
          Konsolidasian                                                    Statements

          Laporan        keuangan       konsolidasian                      The consolidated financial statements of
          PT Electronic City Indonesia Tbk dan entitas                     PT Electronic City Indonesia Tbk and
          anak     untuk    tahun    yang    berakhir                      its subsidiaries for the year ended
          31 Desember 2023 diselesaikan dan                                December 31, 2023 were completed and
          diotorisasi untuk penerbitan oleh Direksi                        authorized for issuance on March 28, 2024,
          Perusahaan pada tanggal 28 Maret 2024.                           by the Company’s Directors who are
          Direksi Perusahaan bertanggung jawab atas                        responsible for the preparation and
          penyusunan      dan    penyajian    laporan                      presentation of the consolidated financial
          keuangan konsolidasian tersebut.                                 statements.


2.   Informasi Kebijakan Akuntansi Material                    2.   Material Accounting Policy Information

     a.   Dasar Penyusunan dan Pengukuran                           a.     Basis   of  Consolidated   Financial
          Laporan Keuangan Konsolidasian                                   Statements     Preparation      and
                                                                           Measurement

          Laporan keuangan konsolidasian disusun                           The consolidated financial statements have
          dan disajikan dengan menggunakan Standar                         been prepared and presented in accordance
          Akuntansi Keuangan di Indonesia, meliputi                        with Indonesian Financial Accounting
          pernyataan dan interpretasi yang diterbitkan                     Standards “SAK”, which comprise the
          oleh Dewan Standar Akuntansi Keuangan                            statements and interpretations issued by the
          Ikatan Akuntan Indonesia (IAI) dan Dewan                         Board of Financial Accounting Standards of
          Standar Akuntansi Syariah IAI, dan                               the Institute of Indonesia Chartered
          Peraturan OJK No. VIII.G.7 tentang                               Accountants (IAI) and the Board of Sharia
          “Penyajian dan Pengungkapan Laporan                              Accounting Standards of IAI and OJK
          Keuangan Emiten atau Perusahaan Publik”.                         Regulation     No.     VIII.G.7    regarding
                                                                           “Presentation and Disclosures of Public
                                                                           Companies’ Financial Statements”. Such
                                                                           consolidated financial statements are an
                                                                           English translation of the Group’s statutory
                                                                           report in Indonesia.

          Dasar pengukuran laporan keuangan                                The measurement basis used is the
          konsolidasian ini adalah konsep biaya                            historical cost, except for certain accounts
          perolehan, kecuali beberapa akun tertentu                        which are measured on the bases described
          disusun berdasarkan pengukuran lain,                             in the related accounting policies. The
          sebagaimana diuraikan dalam kebijakan                            consolidated financial statements, except for
          akuntansi masing-masing akun tersebut.                           the consolidated statements of cash flows,
          Laporan keuangan konsolidasian ini disusun                       are prepared under the accrual basis of
          dengan metode akrual, kecuali laporan arus                       accounting.
          kas konsolidasian.

          Laporan arus kas konsolidasian disusun                           The consolidated statements of cash flows
          dengan menggunakan metode langsung                               are prepared using the direct method with
          dengan mengelompokkan arus kas dalam                             classifications of cash flows into operating,
          aktivitas operasi, investasi, dan pendanaan.                     investing, and financing activities.

          Kebijakan akuntansi yang diterapkan dalam                        The accounting policies adopted in the
          penyusunan        laporan        keuangan                        preparation of the consolidated financial
          konsolidasian untuk tahun yang berakhir                          statements     for   the    year   ended
          31 Desember 2023 adalah konsisten dengan                         December 31, 2023 are consistent with
          kebijakan akuntansi yang diterapkan dalam                        those adopted in the preparation of the
          penyusunan        laporan        keuangan                        consolidated financial statements for the
          konsolidasian untuk tahun yang berakhir                          year ended December 31, 2022.
          31 Desember 2022.



                                                         -9-
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PT ELECTRONIC CITY INDONESIA Tbk DAN                                    PT ELECTRONIC CITY INDONESIA Tbk AND
ENTITAS ANAK                                                                                     ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                             Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                For the Years Ended
31 Desember 2023 dan 2022                                                              December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                              (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                  unless Otherwise Stated)

         Mata uang yang digunakan dalam                                   The currency used in the preparation and
         penyusunan     dan    penyajian  laporan                         presentation of the consolidated financial
         keuangan konsolidasian adalah mata uang                          statements is the Indonesian Rupiah (Rp)
         Rupiah (Rp) yang juga merupakan mata                             which is also the functional currency of the
         uang fungsional Perusahaan.                                      Company.

    b.   Prinsip Konsolidasi                                       b.     Basis of Consolidation

         Laporan keuangan konsolidasian meliputi                          The consolidated financial statements
         laporan keuangan Perusahaan dan entitas                          incorporate the financial statements of the
         yang dikendalikan oleh Perusahaan atau                           Company and entities controlled by the
         entitas anak (Grup). Pengendalian diperoleh                      Company or its subsidiaries (the Group).
         apabila Grup memiliki seluruh hal berikut ini:                   Control is achieved when the Group has all
                                                                          the following:

         •    kekuasaan atas investee;                                    •    power over the investee;
         •    eksposur atau hak atas imbal hasil                          •    is exposed, or has rights, to variable
              variabel dari keterlibatannya dengan                             returns from its involvement with the
              investee; dan                                                    investee; and
         •    kemampuan      untuk     menggunakan                        •    the ability to use its power to affect its
              kekuasaannya atas investee untuk                                 returns.
              mempengaruhi jumlah imbal hasil
              Grup.

         Pengkonsolidasian entitas anak dimulai                           Consolidation of a subsidiaries begins when
         pada saat Grup memperoleh pengendalian                           the Group obtains control over the
         atas entitas anak dan berakhir pada saat                         subsidiaries and ceases when the Group
         Grup kehilangan pengendalian atas entitas                        loses control of the subsidiaries. Specifically,
         anak. Secara khusus, penghasilan dan                             income and expenses of a subsidiaries
         beban entitas anak yang diakuisisi atau                          acquired or disposed of during the year are
         dilepaskan selama tahun berjalan termasuk                        included in the consolidated statement of
         dalam laporan laba rugi dan penghasilan                          profit or loss and other comprehensive
         komprehensif lain konsolidasian sejak                            income from the date the Group gains
         tanggal Grup memperoleh pengendalian                             control until the date when the Group ceases
         sampai dengan tanggal Grup kehilangan                            to control the subsidiaries.
         pengendalian atas entitas anak.

         Seluruh aset dan liabilitas, ekuitas,                            All intragroup assets and liabilities, equity,
         penghasilan, beban, dan arus kas dalam                           income, expenses, and cash flows relating to
         intra kelompok usaha terkait dengan                              transactions between members of the Group
         transaksi antar entitas dalam Grup                               are eliminated in full on consolidation.
         dieliminasi secara penuh dalam laporan
         keuangan konsolidasian.

         Laba rugi dan setiap komponen penghasilan                        Profit or loss and each component of other
         komprehensif lain diatribusikan kepada                           comprehensive income are attributed to the
         pemilik Perusahaan dan kepentingan                               owners of the Company and to the non-
         nonpengendali (KNP) meskipun hal tersebut                        controling interest (NCI) even if this results in
         mengakibatkan KNP memiliki saldo defisit.                        the NCI having a deficit balance.

         KNP disajikan dalam laporan laba rugi dan                        NCI are presented in the consolidated
         penghasilan komprehensif lain konsolidasian                      statement of profit or loss and other
         dan dalam ekuitas pada laporan posisi                            comprehensive income and under the equity
         keuangan konsolidasian, terpisah dari                            section of the consolidated statement of
         bagian yang dapat diatribusikan kepada                           financial position, respectively, separately
         pemilik Perusahaan.                                              from the corresponding portion attributable
                                                                          to owners of the Company.




                                                          - 10 -
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PT ELECTRONIC CITY INDONESIA Tbk DAN                                    PT ELECTRONIC CITY INDONESIA Tbk AND
ENTITAS ANAK                                                                                     ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                             Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                For the Years Ended
31 Desember 2023 dan 2022                                                              December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                              (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                  unless Otherwise Stated)

         Transaksi dengan KNP yang tidak                                  Transactions with NCI that do not result in
         mengakibatkan hilangnya pengendalian                             loss of control are accounted for as equity
         dicatat sebagai transaksi ekuitas. Selisih                       transactions. The difference between the fair
         antara nilai wajar imbalan yang dialihkan                        value of any consideration paid and the
         dengan bagian relatif atas nilai tercatat aset                   relevant share acquired of the carrying value
         bersih entitas anak yang diakuisisi dicatat di                   of net assets of the Subsidiaries is recorded
         ekuitas. Keuntungan atau kerugian dari                           in equity. Gains or losses on disposals to NCI
         pelepasan kepada KNP juga dicatat di                             are also recorded in equity.
         ekuitas.

    c.   Penjabaran Mata Uang Asing                                c.     Foreign         Currency          Translation


         Mata Uang Fungsional dan Pelaporan                               Functional and Reporting Currencies

         Akun-akun yang tercakup dalam laporan                            Items included in the financial statements of
         keuangan setiap entitas dalam Grup diukur                        each of the Group’s companies are
         menggunakan mata uang dari lingkungan                            measured using the currency of the primary
         ekonomi utama dimana entitas beroperasi                          economic environment in which the entity
         (mata uang fungsional).                                          operates (the functional currency).

         Laporan keuangan konsolidasian disajikan                         The consolidated financial statements are
         dalam Rupiah, yang merupakan mata uang                           presented in Rupiah which is the Group’s
         fungsional dan penyajian Grup.                                   functional and presentation currency.

         Transaksi dan Saldo                                              Transactions and Balances

         Transaksi dalam mata uang asing dijabarkan                       Foreign currency transactions are translated
         kedalam       mata     uang      fungsional                      into the functional currency using the
         menggunakan kurs pada tanggal transaksi.                         exchange rates prevailing at the dates of the
         Keuntungan atau kerugian selisih kurs yang                       transactions. Foreign exchange gains and
         timbul dari penyelesaian transaksi dan dari                      losses resulting from the settlement of such
         penjabaran pada kurs akhir tahun atas aset                       transactions and from the translation at year
         dan liabilitas moneter dalam mata uang                           end exchange rates of monetary assets and
         asing diakui dalam laba rugi. Aset                               liabilities denominated in foreign currencies
         nonmoneter yang diukur pada nilai wajar                          are recognized in profit or loss. Non-
         dijabarkan menggunakan kurs pada tanggal                         monetary assets that are measured at fair
         nilai wajar ditentukan. Selisih penjabaran
                                                                          value are translated using the exchange rate
         akun ekuitas dan akun nonmoneter serupa
                                                                          at the date that the fair value was
         yang diukur pada nilai wajar diakui dalam
         laba rugi.                                                       determined. Translation differences on
                                                                          equities and similar non-monetary items
                                                                          measured at fair value are recognized in
                                                                          profit or loss.

         Pada tanggal 31 Desember 2023 dan 2022,                          As of December 31, 2023 and 2022, the
         kurs konversi yakni kurs tengah Bank                             conversion rates used by the Group were the
         Indonesia, yang digunakan oleh Grup                              middle rates of Bank Indonesia amounting to
         masing-masing sebesar Rp 15.416 dan                              Rp 15,416 and Rp 15,731, respectively, for
         Rp 15.731 untuk 1 Dolar Amerika Serikat.                         every United States (U.S) Dollar 1.

    d.   Transaksi Pihak Berelasi                                  d.     Transactions with Related Parties

         Orang atau entitas dikategorikan sebagai                         A person or entity is considered a related
         pihak berelasi Grup apabila memenuhi                             party of the Group if it meets the definition of
         definisi pihak berelasi berdasarkan PSAK                         a related party in PSAK No. 7 “Related Party
         No. 7 “Pengungkapan Pihak-pihak Berelasi”.                       Disclosures”.

         Semua transaksi signifikan dengan pihak                          All significant transactions with related
         berelasi telah diungkapkan dalam laporan                         parties are disclosed in the consolidated
         keuangan konsolidasian.                                          financial statements.



                                                          - 11 -
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PT ELECTRONIC CITY INDONESIA Tbk DAN                                      PT ELECTRONIC CITY INDONESIA Tbk AND
ENTITAS ANAK                                                                                       ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                               Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                  For the Years Ended
31 Desember 2023 dan 2022                                                                December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                    unless Otherwise Stated)

    e.   Klasifikasi Lancar dan Tidak Lancar                         e.     Current and Non-current Classification

         Grup menyajikan aset dan liabilitas dalam                          The Group presents assets and liabilities in
         laporan posisi keuangan konsolidasian                              the consolidated statement of financial
         berdasarkan klasifikasi lancar/tidak lancar.                       position based on current/non-current
         Suatu aset disajikan lancar bila:                                  classification. An asset is current when it is:

         i.     akan direalisasi, dijual atau dikonsumsi                    i.     expected to be realized or intended to
                dalam siklus operasi normal,                                       be sold or consumed in the normal
                                                                                   operating cycle,

         ii.    untuk diperdagangkan, atau                                  ii.    held primarily for the purpose of trading,
                                                                                   or

         iii.   akan direalisasi dalam 12 bulan setelah                     iii.   expected to be realized within
                tanggal pelaporan, atau kas atau setara                            12 months after the reporting period, or
                kas,     kecuali      yang     dibatasi                            cash or cash equivalents unless
                penggunaannya atau akan digunakan                                  restricted from being exchanged or
                untuk melunasi suatu liabilitas dalam                              used to settle a liability for at least
                paling lambat 12 bulan setelah tanggal                             12 months after the reporting period.
                pelaporan.

         Seluruh aset lain diklasifikasikan sebagai                         All other assets are classified as non-
         tidak lancar.                                                      current.

         Suatu liabilitas disajikan jangka pendek 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 to the purpose of trading,

         iii.   akan dilunasi dalam 12 bulan setelah                        iii.   due to be settled within 12 months after
                tanggal pelaporan, atau                                            the reporting period, or

         iv. tidak ada hak tanpa syarat untuk                               iv. there is no unconditional right to defer
             menangguhkan pelunasannya dalam                                    the settlement of the liability for at least
             paling tidak 12 bulan setelah tanggal                              12 months after the reporting period.
             pelaporan.

         Seluruh liabilitas lain diklasifikasikan sebagai                   All other liabilities are classified as non-
         jangka panjang.                                                    current.

    f.   Kas dan Setara Kas                                          f.     Cash and Cash Equivalents

         Kas terdiri dari kas dan bank. Setara kas                          Cash consists of cash on hand and in banks.
         adalah semua investasi yang bersifat jangka                        Cash equivalents are short-term, highly
         pendek dan sangat likuid yang dapat segera                         liquid investments that are readily
         dikonversikan menjadi kas dengan jatuh                             convertible to known amounts of cash with
         tempo dalam waktu tiga bulan atau kurang                           original maturities of three months or less
         sejak tanggal penempatannya, dan yang                              from the date of placements, and which are
         tidak dijaminkan serta tidak dibatasi                              not used as collateral and are not restricted.
         pencairannya.

    g.   Instrumen Keuangan                                          g.     Financial Instruments

         Grup menerapkan PSAK No. 71, Instrumen                             The     Group has applied PSAK No. 71,
         Keuangan mengenai pengaturan instrumen                             Financial Instruments which set the
         keuangan terkait klasifikasi dan pengukuran,                       requirements     in   classification  and
         penurunan nilai atas instrumen keuangan                            measurement, impairment in value        of
         dan akuntansi lindung nilai.                                       financial assets and hedging accounting.




                                                            - 12 -
Page 206
PT ELECTRONIC CITY INDONESIA Tbk DAN                               PT ELECTRONIC CITY INDONESIA Tbk AND
ENTITAS ANAK                                                                                ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                        Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                           For the Years Ended
31 Desember 2023 dan 2022                                                         December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                         (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                             unless Otherwise Stated)

         Aset Keuangan                                               Financial Assets

         Grup mengklasifikasikan aset keuangan                       The Group classifies its financial assets in
         sesuai dengan PSAK No. 71, Instrumen                        accordance with PSAK No. 71, Financial
         Keuangan, sehingga setelah pengakuan                        Instruments, that classifies financial assets
         awal aset keuangan diukur pada biaya                        as subsequently measured at amortized
         perolehan diamortisasi, nilai wajar melalui                 cost, fair value through comprehensive
         penghasilan komprehensif lain atau nilai                    income or fair value through profit or loss, on
         wajar   melalui    laba     rugi,   dengan                  the basis of both:
         menggunakan dua dasar, yaitu:

         (a) Model bisnis Grup dalam mengelola                       (a) The Group’s business model for
             aset keuangan; dan                                          managing the financial assets; and

         (b) Karakteristik arus kas kontraktual dari                 (b) The      contractual       cash       flow
             aset keuangan.                                              characteristics of the financial assets.

         Pada tanggal 31 Desember 2023 dan 2022,                          As of December 31, 2023 and 2022, the
         Grup memiliki aset keuangan pada biaya                           Group has financial instruments under
         perolehan diamortisasi dan aset keuangan                         financial assets at amortized cost and
         yang diukur pada nilai wajar melalui                             financial assets at fair value through
         penghasilan komprehensif. Oleh karena itu,                       other       comprehensive         income
         kebijakan    akuntansi   terkait    dengan                       categories. Thus, accounting policies
         instrumen keuangan dalam kategori aset                           related to financial assets at fair value
         keuangan pada nilai wajar melalui laba rugi                      through profit loss were not disclosed.
         tidak diungkapkan.

         1.   Aset keuangan pada biaya perolehan                     1.   Financial assets at amortized cost
              diamortisasi

              Aset keuangan diukur pada biaya                             A financial asset shall be measured at
              perolehan diamortisasi jika kedua                           amortized cost if both of the following
              kondisi berikut terpenuhi:                                  conditions are met:

              (a) Aset keuangan dikelola dalam                            (a) The financial asset is held within a
                  model bisnis yang bertujuan untuk                           business model whose objective is
                  memiliki aset keuangan dalam                                to hold financial assets in order to
                  rangka mendapatkan arus kas                                 collect contractual cash flows; and
                  kontraktual; dan

              (b) Persyaratan kontraktual dari aset                       (b) The contractual terms of the
                  keuangan menghasilkan arus kas                              financial assets give rise on
                  pada tanggal tertentu yang semata                           specified dates to cash flows that
                  dari pembayaran pokok dan bunga                             are solely payments of principal
                  dari jumlah pokok terutang.                                 and interest on the principal
                                                                              amount outstanding.

              Aset keuangan pada biaya perolehan                          Financial assets at amortized cost is
              diamortisasi diukur pada jumlah yang                        measured at initial amount minus the
              diakui saat pengakuan awal dikurangi                        principal repayments, plus or minus the
              pembayaran pokok, ditambah atau                             cumulative amortization using the
              dikurangi dengan amortisasi kumulatif                       effective interest method of any
              menggunakan metode suku bunga                               difference between that initial amount
              efektif yang dihitung dari selisih antara                   and the maturity amount, adjusted for
              nilai awal dan nilai jatuh temponya, dan                    allowance for impairment.
              dikurangi dengan cadangan kerugian
              penurunan nilai.




                                                          - 13 -
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PT ELECTRONIC CITY INDONESIA Tbk DAN                              PT ELECTRONIC CITY INDONESIA Tbk AND
ENTITAS ANAK                                                                               ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                       Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                          For the Years Ended
31 Desember 2023 dan 2022                                                        December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                        (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                            unless Otherwise Stated)

              Pada tanggal 31 Desember 2023 dan                          As of December 31, 2023 and 2022, the
              2022, kategori ini meliputi kas dan                        Group’s cash and cash equivalent,
              setara kas, piutang usaha, piutang lain-                   trade accounts receivable, other
              lain, piutang pihak berelasi, setoran                      accounts receivable, due from related
              jaminan, dan aset lain-lain                                parties, security deposit, and other
                                                                         assets are included in this category.

         2.   Aset keuangan yang diukur pada nilai                  2.   Financial assets at fair value through
              wajar melalui penghasilan komprehensif                     other comprehensive income
              lain

              Aset keuangan diukur pada nilai wajar                      A financial asset shall be measured at
              melalui penghasilan komprehensif lain                      fair value through other comprehensive
              jika kedua kondisi berikut terpenuhi:                      income if both of the following
                                                                         conditions are met:

              (a) Aset keuangan dikelola dalam                           (a) The financial asset is held within a
                  model bisnis yang tujuannya akan                           business model whose objective is
                  terpenuhi dengan mendapatkan                               achieved by both collecting
                  arus kas kontraktual dan menjual                           contractual cash flows and selling
                  aset keuangan; dan                                         financial assets; and

              (b) Persyaratan kontraktual dari aset                      (b) The contractual terms of the
                  keuangan menghasilkan arus kas                             financial asset give rise on
                  pada tanggal tertentu yang semata                          specified dates to cash flows that
                  dari pembayaran pokok dan bunga                            are solely payments of principal
                  dari jumlah pokok terutang.                                and interest on the principal
                                                                             amount outstanding.

              Aset keuangan berupa surat berharga                        Debt securities financial assets which
              utang yang diukur pada nilai wajar                         are initially measured at fair value
              melalui penghasilan komprehensif lain                      through other comprehensive income
              selanjutnya diukur pada nilai wajar                        are subsequently measured at fair value
              dikurangi dengan cadangan kerugian                         less allowance for impairment, with
              penurunan nilai, dengan keuntungan                         unrealized gains or losses recognized in
              atau kerugian yang belum direalisasi                       other comprehensive income until the
              diakui dalam penghasilan komprehensif                      financial assets are derecognized or
              lain, sampai aset keuangan tersebut                        reclassified, at which time the
              dihentikan       pengakuannya       atau                   cumulative gain or loss is reclassified to
              direklasifikasi, dimana pada saat itu                      profit or loss. Gains or losses from
              akumulasi keuntungan atau kerugian                         impairment and foreign exchange and
              direklasifikasi ke laba rugi. Keuntungan                   interest calculated using effective
              atau kerugian penurunan nilai dan                          interest method are recognized in profit
              selisih kurs dan bunga yang dihitung                       or loss.
              menggunakan metode suku bunga
              efektif diakui dalam laba rugi.

              Aset keuangan berupa instrumen                             Equity securities financial assets which
              ekuitas yang diukur pada nilai wajar                       are initially measured at fair value
              melalui penghasilan komprehensif lain                      through comprehensive income are
              selanjutnya diukur pada nilai wajar,                       subsequently measured at fair value,
              dengan keuntungan atau kerugian yang                       with unrealized gains or losses
              belum       direalisasi   diakui dalam                     recognized in other comprehensive
              penghasilan komprehensif lain. Saat                        income. At the time the financial assets
              aset keuangan tersebut dihentikan                          are derecognized or reclassified, the
              pengakuannya atau direklasifikasi,                         cumulative gain or loss is reclassified to
              akumulasi keuntungan atau kerugian                         retained earnings.
              direklasifikasi ke saldo laba.




                                                         - 14 -
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PT ELECTRONIC CITY INDONESIA Tbk DAN                                 PT ELECTRONIC CITY INDONESIA Tbk AND
ENTITAS ANAK                                                                                  ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                          Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                             For the Years Ended
31 Desember 2023 dan 2022                                                           December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                           (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                               unless Otherwise Stated)

              Pada tanggal 31 Desember 2023 dan                             As of December 31, 2023 and 2022, the
              2022, kategori ini meliputi investasi                         Group’s investment in short-term
              jangka pendek yang dimiliki oleh Grup                         investment, as disclosed in Note 5 is
              yang disajikan pada Catatan 5.                                included in this category.

         Liabilitas   Keuangan       dan     Instrumen                 Financial   Liabilities         and       Equity
         Ekuitas                                                       Instruments

         Liabilitas keuangan dan instrumen ekuitas                     Financial liabilities and equity instruments of
         Grup diklasifikasikan berdasarkan substansi                   the Group are classified according to
         perjanjian kontraktual serta definisi liabilitas              the     substance      of    the     contractual
         keuangan dan instrumen ekuitas. Kebijakan                     arrangements entered into and the
         akuntansi yang diterapkan atas instrumen                      definitions of a financial liability and equity
         keuangan tersebut diungkapkan berikut ini.                    instrument. The accounting policies adopted
                                                                       for specific financial instruments are set out
                                                                       below.

         Instrumen Ekuitas                                             Equity Instruments

         Instrumen ekuitas adalah setiap kontrak                       An equity instrument is any contract that
         yang memberikan hak residual atas aset                        evidences a residual interest in the assets of
         suatu entitas setelah dikurangi dengan                        an entity after deducting all of its liabilities.
         seluruh liabilitasnya.    Instrumen ekuitas                   Equity instruments are recorded at the
         dicatat sejumlah hasil yang diterima, setelah                 proceeds received, net of direct issue costs.
         dikurangkan dengan biaya penerbitan
         langsung.

         Liabilitas Keuangan                                           Financial Liabilities

         Liabilitas keuangan dalam lingkup PSAK                        Financial liabilities within the           scope
         No. 71 diklasifikasikan sebagai berikut:                      of PSAK No. 71 are classified as follows:
         (i) liabilitas keuangan yang diukur dengan                    (i) financial liabilities at amortized cost or
         biaya diamortisasi atau (ii) liabilitas                       (ii) financial liabilities at fair value through
         keuangan yang diukur dengan nilai wajar                       profit and         loss (FVPTL). The Group
         melalui       laba    rugi. Grup menentukan                   determines the classification of its financial
         klasifikasi liabilitas keuangan pada saat                     liabilities at initial recognition.
         pengakuan awal.

         Seluruh liabilitas keuangan diakui pada                       All financial liabilities are recognized initially
         awalnya sebesar nilai wajar dan, dalam hal                    at fair value and, in the case of loans and
         pinjaman dan utang, termasuk biaya                            borrowings, inclusive of directly attributable
         transaksi yang dapat diatribusikan secara                     transaction      costs      and    subsequently
         langsung dan selanjutnya diukur pada biaya                    measured at amortized cost using the
         perolehan         diamortisasi     dengan                     effective interest rate           method. The
         menggunakan metode suku bunga efektif.                        amortization of the effective interest rate is
         Amortisasi suku bunga efektif disajikan                       included in finance costs in profit or loss.
         sebagai bagian dari beban keuangan dalam
         laba rugi.

         Pada tanggal 31 Desember 2023 dan 2022,                       As of December 31, 2023 and 2022, the
         Grup memiliki liabilitas keuangan yang                        Group has financial liabilities measured at
         diukur pada biaya perolehan diamortisasi.                     amortized cost. Therefore, policies relating
         Oleh karena itu, kebijakan terkait dengan                     to financial instruments in the category of
         instrumen keuangan dalam kategori liabilitas                  financial liabilities measured at fair value
         keuangan yang diukur pada nilai wajar                         through profit and loss are not disclosed.
         melalui laba rugi tidak diungkapkan.




                                                            - 15 -
Page 209
PT ELECTRONIC CITY INDONESIA Tbk DAN                               PT ELECTRONIC CITY INDONESIA Tbk AND
ENTITAS ANAK                                                                                ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                        Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                           For the Years Ended
31 Desember 2023 dan 2022                                                         December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                         (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                             unless Otherwise Stated)

         Liabilitas keuangan yang diukur pada biaya                  Financial liabilities at amortized cost
         perolehan diamortisasi

         Liabilitas keuangan pada biaya perolehan                    Financial liabilities at amortized cost is
         diamortisasi diukur pada jumlah yang diakui                 measured at initial amount minus the
         saat pengakuan awal dikurangi pembayaran                    principal repayments, plus or minus the
         pokok, ditambah atau dikurangi dengan                       cumulative amortization using the effective
         amortisasi kumulatif menggunakan metode                     interest method of any difference between
         suku bunga efektif yang dihitung dari selisih               that initial amount and the maturity amount.
         antara nilai awal dan nilai jatuh temponya.

         Pada tanggal 31 Desember 2023 dan 2022,                     As of December 31, 2023 and 2022, the
         kategori ini meliputi utang usaha, utang lain-              Group’s trade accounts payable, other
         lain, beban akrual, dan setoran jaminan yang                accounts payable, accrued expenses, and
         dimiliki oleh Grup.                                         security deposits are classified in this
                                                                     category.

         Saling Hapus Instrumen Keuangan                             Offsetting of Financial Instruments

         Aset keuangan dan liabilitas keuangan saling                Financial assets and liabilities are offset and
         hapus dan nilai bersihnya disajikan dalam                   the net amount reported in the consolidated
         laporan posisi keuangan konsolidasian jika,                 statement of financial position if, and only if,
         dan hanya jika, Grup saat ini memiliki hak                  there is a currently enforceable right to offset
         yang berkekuatan hukum untuk melakukan                      the recognized amounts and there is
         saling hapus atas jumlah yang telah diakui                  intention to settle on a net basis, or to realize
         tersebut; dan berniat untuk menyelesaikan                   the asset and settle the liability
         secara neto atau untuk merealisasikan aset                  simultaneously.
         dan menyelesaikan liabilitasnya secara
         simultan.

         Reklasifikasi Aset Keuangan                                 Reclassifications of Financial Assets

         Sesuai dengan ketentuan PSAK No. 71,                        In accordance with PSAK No. 71, Financial
         Instrumen Keuangan, Grup mereklasifikasi                    Instruments, the Group reclassifies its
         seluruh aset keuangan dalam kategori yang                   financial assets when, and only when, the
         terpengaruh, jika dan hanya jika, Grup                      Group changes its business model for
         mengubah model bisnis untuk pengelolaan                     managing financial assets. While, any
         aset keuangan tersebut. Sedangkan,                          financial liabilities shall not be reclassified.
         liabilitas keuangan tidak direklasifikasi.

         Penurunan Nilai Aset Keuangan                               Impairment of Financial Assets

         Grup selalu mengakui kerugian kredit                        The Group always recognizes lifetime
         ekspetasian (ECL) sepanjang umur untuk                      expected credit losses (ECL) for trade
         piutang usaha. Kerugian kredit ekspetasian                  accounts receivable. The expected credit
         atas      aset     keuangan      diestimasi                 losses on these financial assets are
         menggunakan pendekatan tingkat kerugian                     estimated using loss rate approach based on
         berdasarkan pengalaman kerugian kredit                      the Group’s historical credit loss experience,
         historis Grup, disesuaikan dengan kondisi                   adjusted for general economic conditions
         ekonomi umum dan penilaian baik atas                        and an assessment of both the current as
         kondisi kini maupun perkiraan masa depan                    well as the forecast direction of conditions at
         pada tanggal pelaporan, termasuk nilai                      the reporting date, including time value of
         waktu atas uang jika tepat.                                 money where appropriate.




                                                          - 16 -
Page 210
PT ELECTRONIC CITY INDONESIA Tbk DAN                               PT ELECTRONIC CITY INDONESIA Tbk AND
ENTITAS ANAK                                                                                ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                        Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                           For the Years Ended
31 Desember 2023 dan 2022                                                         December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                         (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                             unless Otherwise Stated)

         Untuk semua instrumen keuangan lainnya,                     For all other financial instruments, the
         Perusahaan mengakui ECL sepanjang umur                      Company recognizes lifetime ECL when
         ketika telah ada peningkatan risiko kredit                  there has been a significant increase in
         yang signifikan sejak pengakuan awal. Jika                  credit risk since initial recognition. If, on the
         sebaliknya, risiko kredit pada instrumen                    other hand, the credit risk on the financial
         keuangan tidak meningkat secara signifikan                  instrument has not increased significantly
         sejak    pengakuan      awal,    Perusahaan                 since initial recognition, the Company
         mengukur penyisihan kerugian untuk                          measures the loss allowance for that
         instrumen keuangan tersebut sejumlah ECL                    financial instrument at an amount equal to
         12 bulan. Penilaian apakah ECL sepanjang                    12-month ECL. The assessment of whether
         umur harus diakui didasarkan pada                           lifetime ECL should be recognized is based
         peningkatan signifikan dalam kemungkinan                    on significant increases in the likelihood or
         terjadinya atau pada risiko gagal bayar sejak               risk of a default occurring since initial
         pengakuan awal dan bukan didasarkan bukti                   recognition instead of on evidence of a
         aset keuangan yang mengalami kerugian                       financial asset being credit impaired at the
         kredit pada tanggal pelaporan atau kejadian                 reporting date or an actual default occurring.
         gagal bayar sebenarnya. ECL sepanjang                       Lifetime ECL represents the expected credit
         umur      merupakan        kerugian     kredit              losses that will result from all possible default
         ekspetasian yang timbul dari seluruh                        events over the expected life of a financial
         kemungkinan peristiwa gagal bayar selama                    instrument. In contrast, 12-month ECL
         perkiraan umur instrumen keuangan.                          represents the portion of lifetime ECL that is
         Sebaliknya, ECL 12 bulan mewakili porsi                     expected to result from default events on a
         ECL sepanjang umur yang timbul dari                         financial instrument that are possible within
         peristiwa gagal bayar pada instrumen                        12 months after the reporting date.
         keuangan yang mungkin terjadi dalam
         12 bulan setelah tanggal pelaporan.

         Penghentian Pengakuan            Aset    dan                Derecognition of Financial Assets and
         Liabilitas Keuangan                                         Liabilities

         (1)   Aset Keuangan                                         (1)   Financial Assets

               Aset keuangan (atau bagian dari aset                        Financial asset (or, where applicable,
               keuangan    atau   kelompok     aset                        a part of a financial asset or a group of
               keuangan      serupa)     dihentikan                        similar      financial    assets)      is
               pengakuannya jika:                                          derecognized when:

               a.   hak kontraktual atas arus kas                          a.    the rights to receive cash flows
                    yang berasal dari aset keuangan                              from the asset have expired;
                    tersebut berakhir;

               b.   Grup tetap memiliki hak untuk                          b.    the Group retains the right to
                    menerima arus kas dari aset                                  receive cash flows from the
                    keuangan tersebut, namun juga                                asset,    but     has     assumed
                    menanggung liabilitas kontraktual                            a contractual obligation to pay
                    untuk membayar kepada pihak                                  them in full without material delay
                    ketiga atas arus kas yang                                    to    a    third    party    under
                    diterima tersebut secara penuh                               a “pass-through” arrangement; or
                    tanpa adanya penundaan yang
                    signifikan berdasarkan suatu
                    kesepakatan; atau




                                                          - 17 -
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PT ELECTRONIC CITY INDONESIA Tbk DAN                                     PT ELECTRONIC CITY INDONESIA Tbk AND
ENTITAS ANAK                                                                                      ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                              Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                 For the Years Ended
31 Desember 2023 dan 2022                                                               December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                               (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                   unless Otherwise Stated)

               c.   Grup telah mentransfer haknya                                c.    the Group has transferred its
                    untuk menerima arus kas dari                                       rights to receive cash flows from
                    aset keuangan dan (i) telah                                        the asset and either (i) has
                    mentransfer secara substansial                                     transferred substantially all the
                    seluruh risiko dan manfaat atas                                    risks and rewards of the asset, or
                    aset keuangan, atau (ii) secara                                    (ii) has neither transferred nor
                    substansial tidak mentransfer                                      retained substantially all the risks
                    atau tidak memiliki seluruh risiko                                 and rewards of the asset, but has
                    dan manfaat atas aset keuangan,                                    transferred control of the asset.
                    namun       telah    mentransfer
                    pengendalian       atas      aset
                    keuangan tersebut.

         (2)   Liabilitas Keuangan                                         (2)   Financial Liabilities

               Liabilitas    keuangan        dihentikan                          A financial liability is derecognized
               pengakuannya jika liabilitas keuangan                             when the obligation under the contract
               tersebut berakhir, dibatalkan, atau telah                         is discharged, cancelled, or has
               kadaluarsa.                                                       expired.

    h.   Pengukuran Nilai Wajar                                     h.     Fair Value Measurement

         Pengukuran nilai wajar didasarkan pada                             The fair value measurement is based on the
         asumsi bahwa transaksi untuk menjual aset                          presumption that the transaction to sell the
         atau mengalihkan liabilitas akan terjadi:                          asset or transfer the liability takes place
                                                                            either:

         •     di pasar utama untuk aset atau liabilitas                    •    in the principal market for the asset or
               tersebut atau;                                                    liability or;

         •     jika tidak terdapat pasar utama, di                          •    in the absence of a principal market, in
               pasar yang paling menguntungkan                                   the most advantageous market for the
               untuk aset atau liabilitas tersebut.                              asset or liability

         Grup harus memiliki akses ke pasar utama                           The Group must have access to the
         atau pasar yang paling menguntungkan                               principal or the most advantageous market
         pada tanggal pengukuran.                                           at the measurement date.

         Nilai wajar aset atau liabilitas diukur                            The fair value of an asset or a liability is
         menggunakan asumsi yang akan digunakan                             measured using the assumptions that
         pelaku pasar ketika menentukan harga aset                          market participants would use when pricing
         atau liabilitas tersebut, dengan asumsi                            the asset or liability, assuming that market
         bahwa pelaku pasar bertindak dalam                                 participants act in their economic best
         kepentingan ekonomi terbaiknya.                                    interest.

         Pengukuran nilai wajar aset non-keuangan                           A fair value measurement of a non-financial
         memperhitungkan kemampuan pelaku pasar                             asset takes into account a market
         untuk menghasilkan manfaat ekonomik                                participant’s ability to generate economic
         dengan     menggunakan      aset    dalam                          benefits by using the asset in its highest and
         penggunaan tertinggi dan terbaiknya, atau                          best use or by selling it to another market
         dengan menjualnya kepada pelaku pasar                              participant that would use the asset in its
         lain yang akan menggunakan aset tersebut                           highest and best use.
         dalam penggunaan tertinggi dan terbaiknya.

         Ketika Grup menggunakan teknik penilaian,                          When the Group uses valuation techniques,
         maka Grup memaksimalkan penggunaan                                 it maximizes the use of relevant observable
         input yang dapat diobservasi yang relevan                          inputs and minimizing the use of
         dan meminimalkan penggunaan input yang                             unobservable inputs.
         tidak dapat diobservasi.



                                                           - 18 -
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PT ELECTRONIC CITY INDONESIA Tbk DAN                                       PT ELECTRONIC CITY INDONESIA Tbk AND
ENTITAS ANAK                                                                                        ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                   For the Years Ended
31 Desember 2023 dan 2022                                                                 December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                 (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                     unless Otherwise Stated)

         Seluruh aset dan liabilitas yang mana nilai                          All assets and liabilities for which fair value
         wajar aset atau liabilitas tersebut diukur atau                      is measured or disclosed in the financial
         diungkapkan, dikategorikan dalam hirarki                             statements are categorized within the fair
         nilai wajar sebagai berikut:                                         value hierarchy as follows:

         •    Level 1 - harga kuotasian (tanpa                                •    Level 1 - Quoted (unadjusted) market
              penyesuaian) di pasar aktif untuk aset                               prices in active markets for identical
              atau liabilitas yang identik;                                        assets or liabilities;

         •    Level 2 - teknik penilaian dimana level                         •    Level 2 - Valuation techniques for
              input terendah yang signifikan terhadap                              which the lowest level input that is
              pengukuran      nilai    wajar     dapat                             significant to   the    fair   value
              diobservasi, baik secara langsung                                    measurement is directly or indirectly
              maupun tidak langsung;                                               observable;

         •    Level 3 - teknik penilaian dimana level                         •    Level 3 - Valuation techniques for
              input terendah yang signifikan terhadap                              which the lowest level input that is
              pengukuran nilai wajar tidak dapat                                   significant to   the    fair   value
              diobservasi.                                                         measurement is unobservable.

         Untuk aset dan liabilitas yang diukur pada                           For assets and liabilities that are recognized
         nilai wajar secara berulang dalam laporan                            in the consolidated financial statements on
         keuangan konsolidasian, maka Grup                                    a recurring basis, the Group determines
         menentukan apakah telah terjadi transfer di                          whether there are transfers between levels
         antara level hirarki dengan menilai kembali                          in    the   hierarchy       by    re-assessing
         pengkategorian level nilai wajar pada setiap                         categorization at the end of each reporting
         akhir periode pelaporan.                                             period.

    i.   Persediaan                                                   i.     Inventories

         Persediaan dinyatakan berdasarkan biaya                             Inventories are stated at cost or net
         atau nilai realisasi bersih, mana yang lebih                        realizable value, whichever is lower. Cost is
         rendah (the lower of cost and net realizable                        determined using the weighted average
         value).    Biaya     persediaan   ditentukan                        method.
         berdasarkan metode rata-rata tertimbang.

         Cadangan      kerugian      penurunan       nilai                   Allowance for decline in value of the
         persediaan dibentuk untuk menyesuaikan                              inventories is provided to reduce the carrying
         nilai persediaan ke nilai realisasi bersih.                         value of inventories to their net realizable
                                                                             values.

    j.   Biaya Dibayar Dimuka                                         j.     Prepaid Expenses

         Biaya dibayar dimuka diamortisasi selama                            Prepaid expenses are amortized over their
         masa manfaat masing-masing biaya dengan                             beneficial or contract periods using the
         menggunakan metode garis lurus.                                     straight-line method.

    k.   Aset Tetap                                                   k.     Property and Equipment

         Pemilikan Langsung                                                  Direct Acquisition

         Aset tetap, kecuali tanah, dinyatakan                               Property and equipment, except land, are
         berdasarkan biaya perolehan, tetapi tidak                           carried at cost, excluding day to day
         termasuk biaya perawatan sehari-hari,                               servicing, less accumulated depreciation
         dikurangi akumulasi penyusutan dan                                  and any impairment in value. Land is not
         akumulasi rugi penurunan nilai, jika ada.                           depreciated and is stated at cost less any
         Tanah tidak disusutkan dan dinyatakan                               impairment in value.
         berdasarkan biaya perolehan dikurangi
         akumulasi rugi penurunan nilai, jika ada.




                                                             - 19 -
Page 213
PT ELECTRONIC CITY INDONESIA Tbk DAN                                    PT ELECTRONIC CITY INDONESIA Tbk AND
ENTITAS ANAK                                                                                     ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                             Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                For the Years Ended
31 Desember 2023 dan 2022                                                              December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                              (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                  unless Otherwise Stated)

         Biaya perolehan awal aset tetap meliputi                         The initial cost of property and equipment
         harga perolehan, termasuk bea impor dan                          consists of its purchase price, including
         pajak yang tidak boleh dikreditkan dan biaya-                    import duties and taxes and any directly
         biaya yang dapat diatribusikan secara                            attributable costs in bringing the property
         langsung untuk membawa aset ke lokasi dan                        and equipment to its working condition and
         kondisi yang diinginkan sesuai dengan                            location for its intended use.
         tujuan penggunaan yang ditetapkan.

         Biaya pengurusan legal hak atas tanah                            Initial legal costs incurred to obtain legal
         ketika tanah diperoleh pertama kali diakui                       rights are recognized as part of the
         sebagai bagian dari biaya perolehan tanah,                       acquisition cost of the land, and these costs
         dan biaya ini tidak disusutkan.                                  are not depreciated.

         Beban-beban yang timbul setelah aset tetap                       Expenditures incurred after the property and
         digunakan, seperti beban perbaikan dan                           equipment have been put into operations,
         pemeliharaan, dibebankan ke laba rugi pada                       such as repairs and maintenance costs, are
         saat terjadinya.     Apabila beban-beban                         normally charged to operations in the year
         tersebut menimbulkan peningkatan manfaat                         such costs are incurred. In situations where
         ekonomis di masa datang dari penggunaan                          it can be clearly demonstrated that the
         aset tetap tersebut yang dapat melebihi                          expenditures have resulted in an increase in
         kinerja normalnya, maka beban-beban                              the future economic benefits expected to be
         tersebut dikapitalisasi sebagai tambahan                         obtained from the use of the property and
         biaya perolehan aset tetap.                                      equipment beyond its originally assessed
                                                                          standard of performance, the expenditures
                                                                          are capitalized as additional costs of
                                                                          property and equipment.

         Penyusutan dihitung berdasarkan metode                           Depreciation is computed on a straight-line
         garis lurus (straight-line method) selama                        method basis over the property and
         masa manfaat aset tetap sebagai berikut:                         equipment’s useful lives as follows:

                                                          Tahun/Years

        Bangunan dan prasarana                                4 - 20      Buildings and building improvements
        Pendingin ruangan                                       4         Air conditioner
        Perlengkapan kantor                                     4         Office equipment
        Perabotan dan peralatan                                 4         Furniture and fixtures
        Instalasi                                               4         Installations
        Komputer                                               4-8        Computers
        Kendaraan                                                8        Motor vehicles

         Nilai tercatat aset tetap ditelaah kembali dan                   The carrying values of property and
         dilakukan penurunan nilai apabila terdapat                       equipment are reviewed for impairment
         peristiwa atau perubahan kondisi tertentu                        when events or changes in circumstances
         yang mengindikasikan nilai tercatat tersebut                     indicate that the carrying values may not be
         tidak dapat dipulihkan sepenuhnya.                               recoverable.

         Dalam setiap inspeksi yang signifikan, biaya                     When each major inspection is performed,
         inspeksi diakui dalam jumlah tercatat aset                       its cost is recognized in the carrying amount
         tetap sebagai suatu penggantian apabila                          of the item of property and equipment as
         memenuhi kriteria pengakuan.           Biaya                     a replacement if the recognition criteria are
         inspeksi signifikan yang dikapitalisasi                          satisfied. Such major inspection is
         tersebut diamortisasi selama periode sampai                      capitalized and amortized over the next
         dengan saat inspeksi signifikan berikutnya.                      major inspection activity.




                                                          - 20 -
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PT ELECTRONIC CITY INDONESIA Tbk DAN                                  PT ELECTRONIC CITY INDONESIA Tbk AND
ENTITAS ANAK                                                                                   ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                           Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                              For the Years Ended
31 Desember 2023 dan 2022                                                            December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                            (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                unless Otherwise Stated)

         Jumlah tercatat aset tetap dihentikan                          An item of property and equipment is
         pengakuannya pada saat dilepaskan atau                         derecognized upon disposal or when no
         tidak ada manfaat ekonomis masa depan                          future economic benefits are expected from
         yang diharapkan dari penggunaan atau                           its use or disposal. Any gains or loss arising
         pelepasannya. Keuntungan atau kerugian                         from de-recognition of property and
         yang timbul dari penghentian pengakuan                         equipment is included in profit or loss in the
         aset tetap diakui dalam laba rugi pada tahun                   year the item is derecognized.
         terjadinya penghentian pengakuan.

         Nilai residu, umur manfaat, serta metode                       The asset’s residual values, if any, useful
         penyusutan dan amortisasi ditelaah setiap                      lives and depreciation and amortization
         akhir tahun dan dilakukan penyesuaian                          method are reviewed and adjusted if
         apabila hasil telaah berbeda dengan                            appropriate, at each financial year end.
         estimasi sebelumnya.

         Aset Tetap dalam Pembangunan                                   Construction in Progress

         Aset tetap dalam pembangunan merupakan                         Construction in progress represents property
         asset tetap dalam tahap konstruksi, yang                       and equipment under construction which is
         dinyatakan pada biaya perolehan dan tidak                      stated at cost and is not depreciated. The
         disusutkan.     Akumulasi   biaya   akan                       accumulated costs are reclassified to the
         direklasifikasi ke akun aset tetap yang                        respective property and equipment account
         bersangkutan dan akan disusutkan pada                          and depreciated when the construction is
         saat konstruksi selesai secara substantial                     substantially complete and the asset is ready
         dan aset tersebut telah siap digunakan                         for its intended use.
         sesuai tujuannya.

    l.   Transaksi Sewa                                          l.     Lease Transactions

         Grup menerapkan PSAK No. 73 yang                               The Group has applied PSAK No. 73, which
         mensyaratkan pengakuan liabilitas sewa                         set the requirement for the recognition of
         sehubungan dengan sewa yang sebelumnya                         lease liabilities in relation to leases which
         diklasifikasikan sebagai ‘sewa operasi’.                       had been previously classified as operating
                                                                        lease.

         Sebagai penyewa                                                As lessee

         Pada tanggal permulaan kontrak, Grup                           At the inception of a contract, the Group
         menilai apakah kontrak merupakan atau                          assesses whether the contract is, or
         mengandung,       sewa.   Suatu   kontrak                      contains, a lease. A contract is or contains a
         merupakan atau mengandung sewa jika                            lease if the contract conveys the right to
         kontrak tersebut memberikan hak untuk                          control the use of an identified assets for a
         mengendalikan        penggunaan      aset                      period of time in exchange for consideration.
         identifikasian selama suatu jangka waktu
         untuk dipertukarkan dengan imbalan.

         Untuk menilai apakah kontrak memberikan                        To assess whether a contract conveys the
         hak untuk mengendalikan penggunaan aset                        right to control the use of an identified asset,
         identifikasian, Grup harus menilai apakah:                     the Group shall assesses whether:

         -    Grup memiliki hak untuk mendapatkan                       -   The Group has the right to obtain
              secara subtansial seluruh manfaat                             substantially all the economic benefits
              ekonomi dari penggunaan aset                                  from use of the asset throughout the
              identifikasian; dan                                           period of use; and




                                                        - 21 -
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PT ELECTRONIC CITY INDONESIA Tbk DAN                            PT ELECTRONIC CITY INDONESIA Tbk AND
ENTITAS ANAK                                                                             ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                     Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                        For the Years Ended
31 Desember 2023 dan 2022                                                      December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                      (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                          unless Otherwise Stated)

         -    Grup memiliki hak untuk mengarahkan                 -   The Group has the right to direct the use
              penggunaan aset identifikasian. Grup                    of the asset. The Group has this right
              memiliki hak ini ketika Grup memiliki                   when it has the decision-making rights
              hak untuk pengambilan keputusan                         that are the most relevant to changing
              yang relevan tentang bagaimana dan                      how and for what purpose the asset is
              untuk tujuan apa aset digunakan telah                   used are predetermined:
              ditentukan sebelumnya dan:

              1.   Grup   memiliki   hak      untuk                   1.    The Group has the right to operate
                   mengoperasikan aset;                                     the asset;

              2.   Grup telah mendesain aset                          2.    The Group has designed the asset
                   dengan     cara   menetapkan                             in a way that predetermined how
                   sebelumnya bagaimana dan                                 and for what purpose it will be
                   untuk tujuan apa asset akan                              used.
                   digunakan    selama  periode
                   penggunaan.

         Pada tanggal awal dimulainya kontrak atau                At the inception or on reassessment of a
         pada tanggal penilaian kembali atas                      contract that contains a lease component,
         kontrak     yang     mengandung    sebuah                the Group allocates the consideration in the
         komponen sewa, Grup mengalokasikan                       contract to each lease component on the
         imbalan dalam kontrak ke masing-masing                   basis of their relative stand-alone prices and
         komponen sewa berdasarkan harga                          the aggregate stand-alone price of the non-
         tersendiri relatif dari komponen sewa dan                lease components.
         harga tersendiri agregat dari komponen
         nonsewa.

         Pada tanggal permulaan sewa, Grup                        The Group recognizes a right-of-use asset
         mengakui aset hak-guna dan liabilitas sewa.              and a lease liability at the lease
         Aset hak-guna diukur pada biaya perolehan,               commencement date. The right-of-use
         dimana meliputi jumlah pengukuran awal                   assets are initially measured at cost, which
         liabilitas sewa yang disesuaikan dengan                  comprises the initial amount of the lease
         pembayaran sewa yang dilakukan pada                      liability adjusted for any lease payment
         atau sebelum tanggal permulaan.                          made at or before the commencement date.

         Aset hak-guna kemudian disusutkan                        The right-of-use assets are subsequently
         menggunakan metode garis lurus dari                      depreciated using the straight-line method
         tanggal permulaan hingga tanggal yang                    from the commencement date to the earlier
         lebih awal antara akhir umur manfaat aset                of the end of the useful life of the right-of-use
         hak-guna atau akhir masa sewa.                           assets or the end of the lease term.

         Liabilitas sewa diukur pada nilai kini                   The lease liability is initially measured at the
         pembayaran sewa yang belum dibayar pada                  present value of the lease payments that are
         tanggal permulaan, didiskontokan dengan                  not paid at the commencement date,
         menggunakan suku bunga implisit dalam                    discounted using the interest rate implicit in
         sewa atau jika suku bunga tersebut tidak                 the lease or, if that rate cannot be readily
         dapat ditentukan, maka menggunakan suku                  determined, using incremental borrowing
         bunga      pinjaman   inkremental.    Pada               rate. Generally, the Group uses its
         umumnya, Grup menggunakan suku bunga                     incremental borrowing rate as the discount
         pinjaman inkremental sebagai tingkat bunga               rate.
         diskonto.




                                                       - 22 -
Page 216
PT ELECTRONIC CITY INDONESIA Tbk DAN                              PT ELECTRONIC CITY INDONESIA Tbk AND
ENTITAS ANAK                                                                               ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                       Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                          For the Years Ended
31 Desember 2023 dan 2022                                                        December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                        (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                            unless Otherwise Stated)

         Pembayaran sewa yang termasuk dalam                        Lease      payments  included      in   the
         pengukuran   liabilitas sewa meliputi                      measurement of the lease liability comprise
         pembayaran berikut ini:                                    the following:

         -   pembayaran       tetap,     termasuk                   -    fixed payments, including in-substance
             pembayaran tetap secara substansi;                          fixed payments;

         -   pembayaran sewa variabel yang                          -    variable lease payments that depend on
             bergantung pada indeks atau suku                            an index or a rate, initially measured
             bunga yang pada awalnya diukur                              using the index or rate as at the
             dengan menggunakan indeks atau                              commencement date;
             suku bunga pada tanggal permulaan;

         -   jumlah    yang      diperkirakan akan                  -    amounts expected to be payable under
             dibayarkan oleh penyewa dengan                              a residual value guarantee;
             jaminan nilai residual;

         -   harga eksekusi opsi beli jika Grup cukup               -    the exercise price under a purchase
             pasti untuk mengeksekusi opsi tersebut;                     option that the Group is reasonably
             dan                                                         certain to exercise; and

         -   penalti karena penghentian awal sewa                   -    penalties for early termination of a
             kecuali jika Grup cukup pasti untuk tidak                   lease unless the Group is reasonably
             menghentikan lebih awal.                                    certain not to terminate early.

         Pembayaran sewa dialokasikan menjadi                       Each lease payment is allocated between
         bagian pokok dan biaya keuangan. Biaya                     the liability and finance cost. The finance
         keuangan dibebankan pada laba rugi                         cost is charged to profit or loss over the lease
         selama      periode    sewa     sehingga                   period so as to produce a constant periodic
         menghasilkan tingkat suku bunga periodik                   rate of interest on the remaining balance of
         yang konstan atas saldo liabilitas untuk                   the liability for each period.
         setiap periode.

         Jika sewa mengalihkan kepemilikan aset                     If the lease transfers ownership of
         pendasar kepada Grup pada akhir masa                       the underlying asset to the Group by the end
         sewa atau jika biaya perolehan aset hak-                   of the lease term or if the cost of the right-of-
         guna      merefleksikan     Grup    akan                   use assets reflects that the Group will
         mengeksekusi opsi beli, maka Grup                          exercise a purchase option, the Group
         menyusutkan aset hak-guna dari tanggal                     depreciates the right-of-use assets from
         permulaan hingga akhir umur manfaat aset                   the commencement date to the end of the
         pendasar.    Jika    tidak,  maka   Grup                   useful life of the underlying asset. Otherwise,
         menyusutkan aset hak-guna dari tanggal                     the Group depreciates the right-of-use
         permulaan hingga tanggal yang lebih awal                   assets from the commencement date to the
         antara akhir umur manfaat aset hak-guna                    earlier of the end of the useful life of the right-
         atau akhir masa sewa.                                      of-use assets or the end of the lease term.

         Sewa jangka-pendek                                         Short-term leases

         Grup memutuskan untuk tidak mengakui                       The Group has elected not to recognize
         aset hak-guna dan liabilitas sewa untuk                    right-of-use assets and lease liabilities for
         sewa jangka - pendek yang memiliki masa                    short - term leases that have a lease term of
         sewa     12 bulan atau    kurang.   Grup                   12 months or less. The Group recognizes
         mengakui pembayaran sewa atas sewa                         the leases payments associated with these
         tersebut sebagai beban dengan dasar garis                  leases as an expense on a straight-line basis
         lurus selama masa sewa.                                    over the lease term.




                                                         - 23 -
Page 217
PT ELECTRONIC CITY INDONESIA Tbk DAN                            PT ELECTRONIC CITY INDONESIA Tbk AND
ENTITAS ANAK                                                                             ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                     Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                        For the Years Ended
31 Desember 2023 dan 2022                                                      December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                      (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                          unless Otherwise Stated)

         Modifikasi sewa                                          Lease modification

         Grup mencatat modifikasi sewa sebagai                    The Group accounts for a lease modification
         sewa terpisah jika:                                      as a separate lease if both:

         -   Modifikasi meningkatkan ruang lingkup                -    The modification increases the scope of
             sewa dengan menambahkan hak untuk                         the lease by adding the right to use one
             menggunakan satu aset pendasar atau                       or more underlying assets; and
             lebih; dan

         -   Imbalan sewa meningkat sebesar                       -    The consideration for the lease
             jumlah yang setara dengan harga                           increases        by       an     amount
             tersendiri untuk peningkatan dalam                        commensurate with the stand- alone
             ruang lingkup dan penyesuaian yang                        price for the increase in scope and any
             tepat pada harga tersendiri tersebut                      appropriate adjustments to that stand-
             untuk merefleksikan kondisi kontrak                       alone price to reflect the circumstances
             tertentu.                                                 of the particular contract.

         Untuk modifikasi sewa yang tidak dicatat                 For a lease modification that is not
         sebagai sewa terpisah, pada tanggal efektif              accounted for as a separate lease, at the
         modifikasi sewa, Grup:                                   effective date of the lease modification, the
                                                                  Group:

         -   Mengukur kembali dan mengalokasikan                  -    Remeasures       and   allocates     the
             imbalan kontrak modifikasian;                             consideration in the modified contract;

         -   Menentukan masa sewa dari sewa                       -    Determines the lease term of the
             modifikasian;                                             modified lease;

         -   Mengukur kembali liabilitas sewa                     -    Remeasures the lease liability by
             dengan mendiskontokan pembayaran                          discounting the revised lease payments
             sewa revisi menggunakan tingkat                           using a revised discount rate on the
             diskonto revisi berdasarkan sisa umur                     basis of the remaining lease term and
             sewa dan sisa pembayaran sewa                             the remaining lease payment with a
             dengan      melakukan       penyesuaian                   corresponding adjustment to the right-
             terhadap aset hak-guna. Tingkat                           of-use assets. The revised discount
             diskonto revisi ditentukan sebagai suku                   rate is determined as the Group’s
             bunga pinjaman inkremental Grup                           incremental    borrowing rate at the
             pada tanggal efektif modifikasi;                          effective date of the modification;

         -   Menurunkan jumlah tercatat aset hak-                 -    Decreases the carrying amount of the
             guna untuk merefleksikan penghentian                      right- of-use asset to reflect the partial
             sebagian atau sepenuhnya sewa untuk                       or full termination of the lease for lease
             modifikasi sewa yang menurunkan                           modifications that decrease the scope
             ruang lingkup sewa. Grup mengakui                         of the lease. The Group recognize in
             dalam laba rugi setiap laba rugi yang                     profit or loss any gain or loss relating to
             terkait dengan penghentian sebagian                       the partial or full termination of the
             atau sepenuhnya sewa tersebut; dan                        lease; and

         -   Membuat penyesuaian terkait dengan                   -    Makes a corresponding adjustment to
             aset hak-guna untuk seluruh modifikasi                    the right-of-use assets for all other lease
             sewa lainnya.                                             modifications.

         Sebagai pesewa                                           As lessor

         Ketika Grup bertindak sebagai pesewa,                    When the Group acts as a lessor, it shall
         Grup    mengklasifikasi masing-masing                    classify each of its leases as either an
         sewanya baik sewa operasi atau sewa                      operating lease or a finance lease.
         pembiayaan.



                                                       - 24 -
Page 218
PT ELECTRONIC CITY INDONESIA Tbk DAN                                    PT ELECTRONIC CITY INDONESIA Tbk AND
ENTITAS ANAK                                                                                     ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                             Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                For the Years Ended
31 Desember 2023 dan 2022                                                              December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                              (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                  unless Otherwise Stated)

         Untuk mengklasifikasi masing-masing sewa,                        To classify each lease, the Group makes an
         Grup       membuat      penilaian  secara                        overall assessment of whether the lease
         keseluruhan       atas    apakah     sewa                        transfers substantially all of the risks and
         mengalihkan secara substansial seluruh                           rewards incidental to ownership of the
         risiko dan manfaat yang terkait dengan                           underlying asset. If this is the case, then the
         kepemilikan aset pendasar. Jika penilaian                        lease is classified as a finance lease; if
         membuktikan hal tersebut, maka sewa                              not, then it is an operating lease. As part
         diklasifikasikan sebagai sewa pembiayaan;                        of this assessment, the Group considers
         jika tidak maka, merupakan sewa operasi.                         certain indicators such as whether the lease
         Sebagai bagian dari penilaian ini, Grup                          term is for the major part of the economic life
         mempertimbangkan beberapa indikator                              of the asset.
         seperti apakah masa sewa adalah sebagian
         besar dari umur ekonomik aset pendasar.

    m.   Saham Treasuri                                            m.     Treasury Shares

         Pada saat Perusahaan membeli kembali                             Where the Company purchases the
         saham Perusahaan (saham treasuri), maka                          Company’s equity share capital (treasury
         imbalan yang dibayarkan, termasuk biaya-                         shares), the consideration paid, including
         biaya      transaksi   inkremental      yang                     any     directly   attributable   incremental
         teratribusikan langsung (bersih setelah pajak                    transaction costs (net of income taxes) is
         penghasilan), dikurangkan dari ekuitas yang                      deducted from equity attributable to the
         dapat diatribusikan kepada pemilik entitas                       owners of the Parent Company until the
         induk sampai dengan saham tersebut                               shares are cancelled or reissued. Where
         dibatalkan atau diterbitkan kembali. Jika                        such ordinary shares are subsequently
         saham tersebut kemudian diterbitkan                              reissued, any consideration received, net of
         kembali, maka setiap imbalan yang diterima,                      any     directly   attributable   incremental
         setelah dikurangkan dengan biaya-biaya                           transaction costs and the related income tax
         transaksi inkremental yang teratribusikan                        effects, is included in equity attributable to
         langsung dan dampak pajak penghasilan,                           the owners of the Company.
         dibukukan pada ekuitas yang dapat
         diatribusikan kepada pemegang saham
         Perusahaan.

    n.   Penurunan Nilai Aset Non-Keuangan                         n.     Impairment of Non-Financial Assets

         Pada setiap akhir periode pelaporan                              The Group assesses at each annual
         tahunan, Grup menelaah apakah terdapat                           reporting period whether there is an
         indikasi suatu aset mengalami penurunan                          indication that an asset may be impaired. If
         nilai. Jika terdapat indikasi tersebut atau                      any such indication exists, or when annual
         pada saat uji tahunan penurunan nilai aset                       impairment testing for an asset is required,
         perlu dilakukan, maka Grup membuat                               the Group makes an estimate of the asset’s
         estimasi jumlah terpulihkan aset tersebut.                       recoverable amount.

         Jika nilai tercatat aset lebih besar daripada                    Where the carrying amount of an asset
         nilai terpulihkannya, maka aset tersebut                         exceeds its recoverable amount, the asset is
         dinyatakan mengalami penurunan nilai dan                         considered impaired and impairment losses
         rugi penurunan nilai diakui dalam laba rugi.                     are recognized in profit or loss. In assessing
         Dalam menghitung nilai pakai, estimasi arus                      the value in use, the estimated net future
         kas masa depan bersih didiskontokan ke                           cash flows are discounted to their present
         nilai kini dengan menggunakan tingkat                            value using a pre-tax discount rate that
         diskonto sebelum pajak yang mencerminkan                         reflects current market assessments of the
         penilaian pasar kini dari nilai waktu uang dan                   time value of money and the risks specific to
         risiko spesifik atas aset.                                       the asset.




                                                          - 25 -
Page 219
PT ELECTRONIC CITY INDONESIA Tbk DAN                                     PT ELECTRONIC CITY INDONESIA Tbk AND
ENTITAS ANAK                                                                                      ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                              Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                 For the Years Ended
31 Desember 2023 dan 2022                                                               December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                               (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                   unless Otherwise Stated)

         Penelaahan dilakukan pada akhir setiap                            An assessment is made at each annual
         periode     pelaporan       tahunan       untuk                   reporting period as to whether there is any
         mengetahui apakah terdapat indikasi bahwa                         indication that previously recognized
         rugi penurunan nilai aset yang telah diakui                       impairment losses recognized for an asset
         dalam periode sebelumnya mungkin tidak                            may no longer exist or may have decreased.
         ada lagi atau mungkin telah menurun. Jika                         If such indication exists, the recoverable
         indikasi dimaksud ditemukan, maka Grup                            amount is estimated. A previously
         mengestimasi jumlah terpulihkan aset                              recognized impairment loss for an asset is
         tersebut. Kerugian penurunan nilai yang                           reversed in profit or loss to the extent that the
         diakui dalam periode sebelumnya akan                              carrying amount of the assets does not
         dipulihkan apabila nilai tercatat aset tidak                      exceed its recoverable amount nor exceed
         melebihi jumlah terpulihkannya maupun nilai                       the carrying amount that would have been
         tercatat,   neto      setelah      penyusutan,                    determined, net of depreciation, had no
         seandainya tidak ada rugi penurunan nilai                         impairment loss been recognized for the
         yang telah diakui untuk aset tersebut pada                        asset in prior years. After such a reversal,
         tahun-tahun        sebelumnya.          Setelah                   the depreciation charge on the said asset is
         pemulihan tersebut, penyusutan aset                               adjusted in future periods to allocate the
         tersebut disesuaikan di periode mendatang                         asset’s revised carrying amount, less any
         untuk mengalokasikan nilai tercatat aset                          residual value, on a systematic basis over its
         yang direvisi, dikurangi nilai sisanya, dengan                    remaining useful life.
         dasar yang sistematis selama sisa umur
         manfaatnya.

    o.   Pengakuan Pendapatan dan Beban                             o.     Revenue and Expense Recognition

         Pendapatan dari kontrak dengan pelanggan                          Revenue from contracts with customers

         Grup menerapkan PSAK No. 72 yang                                  The Group has applied PSAK No. 72, which
         mensyaratkan pengakuan      pendapatan                            requires revenue recognition to fulfill
         harus memenuhi 5 langkah analisa sebagai                          5 steps of assessment:
         berikut:

         1.   Identifikasi kontrak dengan pelanggan.                       1.   Identify contract(s) with a customer.

         2.   Identifikasi  kewajiban  pelaksanaan                         2.   Identify the performance obligations in
              dalam kontrak.              Kewajiban                             the contract. Performance obligations
              pelaksanaan     merupakan    janji-janji                          are promises in a contract to transfer to
              dalam kontrak untuk menyerahkan                                   a customer goods or services that
              barang atau       jasa yang memiliki                              are distinct.
              karakteristik berbeda ke pelanggan.

         3.   Penetapan          harga       transaksi.                    3.   Determine          the         transaction
              Harga transaksi merupakan jumlah                                  price. Transaction price is the amount
              imbalan yang berhak diperoleh suatu                               of consideration to which an entity
              entitas sebagai kompensasi           atas                         expects to be entitled in exchange
              diserahkannya barang atau jasa yang                               for    transferring promised goods or
              dijanjikan ke pelanggan. Jika imbalan                             services     to a customer. If         the
              yang dijanjikan di kontrak mengandung                             consideration promised in a contract
              suatu jumlah yang bersifat variabel,                              includes a variable amount, the Group
              maka Grup membuat estimasi jumlah                                 estimates the amount of consideration
              imbalan tersebut sebesar jumlah yang                              to which it expects to be entitled in
              diharapkan     berhak     diterima atas                           exchange for         transferring      the
              diserahkannya barang atau jasa yang                               promised      goods or services to a
              dijanjikan ke    pelanggan      dikurangi                         customer less the estimated amount of
              dengan estimasi jumlah jaminan kinerja                            service level guarantee which will be
              jasa yang akan dibayarkan selama                                  paid during the contract period.
              periode kontrak.




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PT ELECTRONIC CITY INDONESIA Tbk DAN                                 PT ELECTRONIC CITY INDONESIA Tbk AND
ENTITAS ANAK                                                                                  ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                          Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                             For the Years Ended
31 Desember 2023 dan 2022                                                           December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                           (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                               unless Otherwise Stated)

        4.    Alokasi harga transaksi ke setiap                        4.   Allocate the transaction price to
              kewajiban       pelaksanaan         dengan                    each performance obligation on the
              menggunakan dasar             harga    jual                   basis of the relative stand-alone selling
              berdiri sendiri relatif dari setiap barang                    prices of each distinct goods or
              atau jasa berbeda yang dijanjikan di                          services promised in the contract.
              kontrak. Ketika tidak dapat diamati                           Where       these are      not directly
              secara langsung, harga jual berdiri                           observable, the relative stand- alone
              sendiri relatif diperkirakan berdasarkan                      selling price are estimated based on
              biaya yang          diharapkan ditambah                       expected cost plus margin.
              marjin.

        5.    Pengakuan         pendapatan   ketika                    5.   Recognize revenue when performance
              kewajiban pelaksanaan telah dipenuhi                          obligation is satisfied by transferring a
              dengan menyerahkan barang atau jasa                           promised goods or services to a
              yang dijanjikan ke pelanggan (ketika                          customer (which       is   when       the
              pelanggan      telah         memiliki                         customer obtains control of that goods
              pengendalian atas barang atau jasa                            or services).
              tersebut).

         Kewajiban pelaksanaan         dapat   dipenuhi                A performance obligation may be satisfied
         dengan 2 cara, yakni:                                         in 2 ways, at the following:

         a.    Suatu titik waktu (umumnya janji untuk                  a.   A point in time (typically for promises
               menyerahkan barang ke pelanggan);                            to transfer goods to a customer); or
               atau

         b.    Suatu periode waktu (umumnya janji                      b.   Over time (typically for promises to
               untuk     menyerahkan      jasa     ke                       transfer services to a customer). For
               (pelanggan).    Untuk        kewajiban                       a performance obligation satisfied over
               pelaksanaan yang      dipenuhi dalam                         time, the Group selects an appropriate
               suatu periode waktu, Grup memilih                            measure of progress to determine the
               ukuran penyelesaian yang sesuai                              amount of revenue that should be
               untuk penentuan jumlah pendapatan                            recognized      as the    performance
               yang harus diakui karena telah                               obligation is satisfied.
               terpenuhinya kewajiban pelaksanaan.

         Kewajiban Grup terhadap kontrak dengan                        The obligation of the Group from the
         pelanggan sehubungan dengan pendapatan                        contracts with customers relating to below
         dibawah ini ditentukan sebagai kewajiban                      revenues are determined to be a single
         pelaksanaan tunggal:                                          performance obligation:

         •    Pendapatan dari penjualan barang                          •   Revenue from sales of branded
              elektronik bermerek yang merupakan                            electronic goods is recognized when the
              penjualan putus diakui pada saat barang                       goods are delivered to the customer.
              diserahkan       kepada      pelanggan.                       Sales of other electronic goods on
              Penjualan barang elektronik lainnya                           consignment sales are recognized
              merupakan penjualan konsinyasi yang                           based on the commission received from
              dicatat sebesar komisi yang diterima dari                     the principal.
              prinsipal.

         •    Penjualan jasa diakui saat jasa diberikan                 •   Revenue is recognized when the service
              dengan     mengacu       pada      tingkat                    is rendered by reference to the stage of
              penyelesaian transaksi.                                       completion of transaction.

         Pembayaran dimuka dari pelanggan                              Advances received from customers are
         disajikan sebagai “Uang muka pelanggan”                       presented as “Customer’s advances” and
         dan akan diakui sebagai pendapatan saat                       are recognized as revenue when the goods
         barang diserahkan kepada pelanggan.                           are delivered to the customers.




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PT ELECTRONIC CITY INDONESIA Tbk DAN                                     PT ELECTRONIC CITY INDONESIA Tbk AND
ENTITAS ANAK                                                                                      ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                              Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                 For the Years Ended
31 Desember 2023 dan 2022                                                               December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                               (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                   unless Otherwise Stated)

         Pendapatan      sewa     diakui   secara                          Rental income is recognized proportionally
         proporsional sesuai dengan jangka waktu                           in accordance with rental period and service
         sewa dan jasa pelayanan diakui pada saat                          income is recognized when it is rendered.
         jasa diserahkan. Pendapatan sewa diterima                         Unearned rent revenue is recognized as
         dimuka diakui sebagai pendapatan saat                             revenue when the tenant occupies the rental
         penyewa telah menggunakan ruang sewa                              space in accordance with rental period.
         sesuai periode sewa.

         Pendapatan bunga dari instrumen keuangan                          Interest income for all financial instruments
         diakui dalam laba rugi secara akrual                              are recognized in profit or loss on accrual
         menggunakan metode suku bunga efektif.                            basis using the effective interest rate
                                                                           method.

         Beban diakui pada saat terjadinya (accrual                        Expenses are recognized when incurred
         basis).                                                           (accrual basis).

    p.   Imbalan Kerja                                              p.     Employee Benefits

         Liabilitas Imbalan Kerja Jangka Pendek                            Short-term Employee Benefits Liability

         Imbalan kerja jangka pendek diakui sebesar                        Short-term       employee     benefits    are
         jumlah yang tak-terdiskonto sebagai liabilitas                    recognized at its undiscounted amount as a
         pada laporan posisi keuangan konsolidasian                        liability after deducting any amount already
         setelah dikurangi dengan jumlah yang telah                        paid in the consolidated statement of
         dibayar dan sebagai beban dalam laba rugi.                        financial position and as an expense in profit
                                                                           or loss.

         Liabilitas Imbalan Kerja Jangka Panjang                           Long-term Employee Benefits Liability

         Liabilitas imbalan kerja jangka panjang                           Long-term employee benefits liability
         merupakan imbalan pasca-kerja manfaat                             represents     post-employment        benefits,
         pasti yang dibentuk tanpa pendanaan                               unfunded defined-benefit plans which
         khusus dan didasarkan pada masa kerja dan                         amounts are determined based on years of
         jumlah penghasilan karyawan pada saat                             service and salaries of the employees at the
         pensiun yang dihitung menggunakan                                 time of pension and calculated using the
         metode Projected Unit Credit. Pengukuran                          Projected Unit Credit. Remeasurement is
         kembali liabilitas imbalan pasti langsung                         reflected immediately in the consolidated
         diakui dalam laporan posisi keuangan                              statement of financial position with a charge
         konsolidasian          dan         penghasilan                    or credit recognized in other comprehensive
         komprehensif lain pada periode terjadinya                         income in the period in which they occur and
         dan tidak akan direklasifikasi ke laba rugi,                      not to be reclassified to profit or loss but
         namun menjadi bagian dari saldo laba. Biaya                       reflected immediately in retained earnings.
         liabilitas imbalan pasti lainnya terkait dengan                   All other costs related to the defined-benefit
         program imbalan pasti diakui dalam laba                           plan are recognized in profit or loss.
         rugi.

         Pada tanggal 2 Februari 2021, Pemerintah                          On February 2, 2021, the Government
         mengundangkan      dan    memberlakukan                           promulgated     Government      Regulation
         Peraturan Pemerintah Nomor 35 Tahun                               Number 35 Year 2021 (PP 35/2021) to
         2021 (PP 35/2021) untuk melaksanakan                              implement the provisions of Article 81 and
         ketentuan Pasal 81 dan Pasal 185 (b)                              Article 185 (b) of Law no. 11/2020
         UU No. 11/2020 mengenai Cipta Kerja yang                          concerning Job Creation (Cipta Kerja), which
         bertujuan untuk menciptakan lapangan kerja                        aims to create the widest possible
         yang seluas-luasnya.                                              employment opportunities.




                                                           - 28 -
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PT ELECTRONIC CITY INDONESIA Tbk DAN                                     PT ELECTRONIC CITY INDONESIA Tbk AND
ENTITAS ANAK                                                                                      ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                              Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                 For the Years Ended
31 Desember 2023 dan 2022                                                               December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                               (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                   unless Otherwise Stated)

         Presiden     Republik     Indonesia    telah                      The President of the Republic of Indonesia
         menetapkan        Peraturan     Pemerintah                        has issued Government Regulation in Lieu of
         Pengganti Undang-Undang No. 2 Tahun                               Law No. 2 of 2022 concerning Job Creation
         2022 tentang Cipta Kerja (Perppu Cipta                            (Perppu Cipta Kerja 2/2022) on December
         Kerja 2/2022) pada tanggal 30 Desember                            30, 2022 which is the implementation of the
         2022 yang merupakan pelaksanaan dari                              Constitutional        Court        Decision
         Putusan MK Nomor 91/PUU-XVIII/2020.                               Number 91/PUU-XVIII/2020. With the
         Dengan berlakunya Perppu ini, UU                                  enactment of this Perppu, Law no. 11/2020
         No. 11/2020 tentang Cipta Kerja dicabut dan                       concerning Job Creation is repealed and
         dinyatakan tidak berlaku. Perppu Cipta Kerja                      declared invalid. Perppu Cipta Kerja 2/2022
         2/2022 telah ditetapkan menjadi Undang-                           has been enacted into law on March 31,
         Undang pada tanggal 31 Maret 2023                                 2023, based on Law No.6 of 2023.
         berdasarkan Undang-Undang No.6 Tahun
         2023.

    q.   Pajak Penghasilan                                          q.     Income Tax

         Pajak Kini                                                        Current Tax

         Pajak kini ditentukan berdasarkan laba kena                       Current tax expense is determined based on
         pajak dalam tahun yang bersangkutan yang                          the taxable income for the year computed
         dihitung berdasarkan tarif pajak yang                             using prevailing tax rates.
         berlaku.

         Pajak Tangguhan                                                   Deferred Tax

         Pajak tangguhan diakui sebagai liabilitas jika                    Deferred tax is provided using the liability
         terdapat perbedaan temporer kena pajak                            method on temporary differences between
         yang timbul dari perbedaan antara dasar                           the tax bases of assets and liabilities and
         pengenaan pajak aset dan liabilitas dengan                        their carrying amounts for financial reporting
         jumlah tercatatnya pada tanggal pelaporan.                        purposes at the reporting date.

         Aset pajak tangguhan diakui untuk seluruh                         Deferred tax assets are recognized for all
         perbedaan      temporer      yang    dapat                        deductible temporary differences and the
         dikurangkan dan rugi fiskal yang dapat                            carry forward tax benefit of any unused tax
         dikompensasikan. Aset pajak tangguhan                             losses. Deferred tax assets are recognized
         diakui dan direviu pada setiap tanggal                            and reviewed at each reporting date and
         pelaporan     atau    diturunkan    jumlah                        reduced to the extent that it is probable that
         tercatatnya, sepanjang kemungkinan besar                          taxable profit will be available against which
         laba kena pajak tersedia untuk pemanfaatan                        the deductible temporary differences and the
         perbedaan      temporer      yang    dapat                        carry forward tax benefit of unused tax
         dikurangkan dan rugi fiskal yang dapat                            losses can be utilized.
         dikompensasikan.

         Aset dan liabilitas pajak tangguhan diukur                        Deferred tax assets and liabilities are
         dengan menggunakan tarif pajak yang                               measured at the tax rates that are expected
         diharapkan berlaku ketika aset dipulihkan                         to apply in the year when the asset is
         atau liabilitas diselesaikan, berdasarkan tarif                   realized or the liability is settled, based on tax
         pajak (atau peraturan pajak) yang telah                           rates (or tax laws) that have been enacted or
         berlaku atau secara substantif telah berlaku                      substantively enacted at the reporting date.
         pada tanggal pelaporan.




                                                           - 29 -
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PT ELECTRONIC CITY INDONESIA Tbk DAN                                  PT ELECTRONIC CITY INDONESIA Tbk AND
ENTITAS ANAK                                                                                   ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                           Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                              For the Years Ended
31 Desember 2023 dan 2022                                                            December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                            (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                unless Otherwise Stated)

         Aset pajak tangguhan dan liabilitas pajak                      Deferred tax assets and deferred tax
         tangguhan saling hapus jika, dan hanya jika,                   liabilities are offset if, and only if, a legally
         terdapat hak yang dipaksakan secara hukum                      enforceable right exists to set off current tax
         untuk melakukan saling hapus aset pajak kini                   assets against current tax liabilities and the
         terhadap liabilitas pajak kini dan pajak                       deferred taxes relate to the same taxable
         tangguhan tersebut terkait dengan entitas                      entity and the same taxation authority.
         kena pajak yang sama dan dikenakan oleh
         otoritas perpajakan yang sama.

    r.   Aset Pengampunan Pajak                                  r.     Tax Amnesty Assets

         Pada    saat   pengakuan     awal,   aset                      At initial recognition, tax amnesty assets are
         pengampunan pajak diukur sebesar biaya                         measured at cost based on Letter of Tax
         perolehan sesuai dengan Surat Keterangan                       Amnesty Annotation issued by the Minister
         Pengampunan Pajak yang diterbitkan oleh                        of Finance of the Republic of Indonesia.
         Menteri Keuangan Republik Indonesia.

         Aset pengampunan pajak dikreditkan pada                        The tax amnesty assets are recognized with
         akun tambahan modal disetor.                                   a corresponding credit to additional paid-in
                                                                        capital.

         Pengukuran setelah pengakuan awal aset                         Subsequent measurement of tax amnesty
         pengampunan pajak mengacu pada masing-                         assets is in accordance with subsequent
         masing kebijakan akuntansi relevan yang                        measurement provision of each relevant
         diterapkan Grup untuk aset serupa.                             accounting standard applied by the Group
                                                                        for similar assets.

         Aset pengampunan pajak direklasifikasi ke                      Tax amnesty assets are reclassified to
         dalam pos aset serupa ketika Grup                              similar assets accounts when the Group re-
         mengukur kembali aset pengampunan pajak                        measured tax amnesty assets at fair value in
         berdasarkan nilai wajar sesuai dengan                          accordance with Financial Accounting
         Standar Akuntansi Keuangan pada tanggal                        Standards at the date of Letter of Tax
         Surat Keterangan Pengampunan Pajak dari                        Amnesty Annotation from the Minister of
         Menteri Keuangan Republik Indonesia.                           Finance of the Republic of Indonesia.

    s.   Laba Per Saham                                          s.     Earnings per Share

         Laba per saham dasar dihitung dengan                           Earnings per share are computed by dividing
         membagi laba (rugi) bersih yang dapat                          profit (loss) attributable to owners of the
         diatribusikan kepada pemilik entitas induk                     Parent Company by the weighted average
         dengan jumlah rata-rata tertimbang saham                       number of shares outstanding during the
         yang      beredar  pada      tahun    yang                     year.
         bersangkutan.

    t.   Segmen Operasi                                          t.     Operating Segments

         Segmen operasi diidentifikasi berdasarkan                       Operating segments are identified on the
         laporan internal komponen-komponen Grup                         basis of internal reports about components
         yang secara berkala dilaporkan kepada                           of the Group that are regularly reviewed by
         pengambil keputusan operasional dalam                           the chief operating decision maker in order
         rangka alokasi sumber daya ke dalam                             to allocate resources to the segments and to
         segmen dan penilaian kinerja Grup.                              assess their performances.




                                                        - 30 -
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PT ELECTRONIC CITY INDONESIA Tbk DAN                                          PT ELECTRONIC CITY INDONESIA Tbk AND
ENTITAS ANAK                                                                                           ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                   Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                      For the Years Ended
31 Desember 2023 dan 2022                                                                    December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                    (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                        unless Otherwise Stated)

     u.   Provisi                                                        u.     Provisions

          Provisi diakui jika Grup mempunyai                                     Provisions are recognized when the Group
          kewajiban kini (hukum maupun konstruktif)                              has present obligation (legal or constructive)
          sebagai akibat peristiwa masa lalu, yang                               as a result of a past event, it is probable that
          memungkinkan Grup harus menyelesaikan                                  the Group will be required to settle the
          kewajiban tersebut dan estimasi yang andal                             obligation, and a reliable estimate can be
          mengenai jumlah kewajiban tersebut dapat                               made of the amount of the obligation.
          dibuat.

          Jumlah yang diakui sebagai provisi adalah                              The amount recognized as a provision is the
          hasil estimasi terbaik pengeluaran yang                                best estimate of the consideration required
          diperlukan untuk menyelesaikan kewajiban                               to settle the obligation at the reporting date,
          kini pada tanggal pelaporan, dengan                                    taking into account the risks and
          mempertimbangkan            risiko       dan                           uncertainties surrounding the obligation.
          ketidakpastian terkait kewajiban tersebut.


3.   Penggunaan Estimasi, Pertimbangan, dan                         3.   Management Use of Estimates, Judgments,
     Asumsi Manajemen                                                    and Assumptions

     Dalam penerapan kebijakan akuntansi Grup,                           In the application of the Group’s accounting
     seperti yang diungkapkan dalam Catatan 2 atas                       policies, which are described in Note 2 to the
     laporan keuangan konsolidasian, manajemen                           consolidated financial statements, management
     harus membuat estimasi, pertimbangan, dan                           is required to make estimates, judgments, and
     asumsi atas nilai tercatat aset dan liabilitas yang                 assumptions about the carrying amounts of
     tidak tersedia oleh sumber-sumber lain. Estimasi                    assets and liabilities that are not readily apparent
     dan asumsi tersebut berdasarkan pengalaman                          from other sources. The estimates and
     historis dan faktor lain yang dipertimbangkan                       assumptions are based on historical experience
     relevan.                                                            and other factors that are considered to be
                                                                         relevant.

     Manajemen berkeyakinan bahwa pengungkapan                           Management believes that the following represent
     berikut telah mencakup ikhtisar estimasi,                           a summary of the significant estimates,
     pertimbangan, dan asumsi signifikan yang dibuat                     judgments, and assumptions made that affected
     oleh manajemen, yang berpengaruh terhadap                           certain reported amounts and disclosures in the
     jumlah-jumlah    yang      dilaporkan     serta                     consolidated financial statements.
     pengungkapan     dalam    laporan     keuangan
     konsolidasian.

     Pertimbangan                                                        Judgments

     Pertimbangan-pertimbangan berikut dibuat oleh                       The following judgments are made by
     manajemen dalam proses penerapan kebijakan                          management in the process of applying the
     akuntansi Grup yang memiliki dampak yang                            Group’s accounting policies that have the most
     paling signifikan terhadap jumlah-jumlah yang                       significant effects on the amounts recognized in
     diakui dalam laporan keuangan konsolidasian:                        the consolidated financial statements:

     a.   Klasifikasi Aset Keuangan dan Liabilitas                       a.     Classification of Financial Assets and
          Keuangan                                                              Financial Liabilities

          Grup menentukan klasifikasi aset dan                                  The Group determines the classifications of
          liabilitas tertentu sebagai aset keuangan dan                         certain assets and liabilities as financial
          liabilitas keuangan dengan menilai apakah                             assets and liabilities by judging if they meet
          aset dan liabilitas tersebut memenuhi kriteria                        the criteria set forth in PSAK No. 71.
          yang ditetapkan dalam PSAK No. 71. Aset                               Accordingly, the financial assets and
          keuangan dan liabilitas keuangan dicatat                              liabilities are accounted for in accordance
          sesuai dengan kebijakan akuntansi Grup                                with the Group’s accounting policies
          sebagaimana diungkapkan dalam Catatan 2.                              disclosed in Note 2.



                                                           - 31 -
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PT ELECTRONIC CITY INDONESIA Tbk DAN                                    PT ELECTRONIC CITY INDONESIA Tbk AND
ENTITAS ANAK                                                                                     ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                             Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                For the Years Ended
31 Desember 2023 dan 2022                                                              December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                              (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                  unless Otherwise Stated)

    b.   Cadangan Kerugian Penurunan Nilai Aset                    b.     Allowance for Impairment of Financial
         Keuangan                                                         Assets

         Pada setiap tanggal laporan posisi                                At each financial position reporting date, the
         keuangan, Grup menilai apakah risiko kredit                       Group assesses whether the credit risk of a
         atas instrumen keuangan telah meningkat                           financial    instrument      has     increased
         secara signifikan sejak pengakuan awal.                           significantly since initial recognition. When
         Ketika melakukan penilaian tersebut, Grup                         making the assessment, the Group shall use
         mempertimbangkan perubahan risiko gagal                           the change in the risk of a default over the
         bayar yang terjadi selama umur instrumen                          expected life of the financial instrument. To
         keuangan. Dalam melakukan penilaian                               make that assessment, the Group shall
         tersebut, Grup membandingkan risiko gagal                         compare the risk of a default occurring on
         bayar yang terjadi pada tanggal pelaporan                         the financial instrument as at the reporting
         dengan risiko gagal bayar pada saat                               date with the risk of a default occurring on
         pengakuan awal, serta mempertimbangkan                            the financial instrument as at the date of
         informasi, termasuk informasi masa lalu,                          initial recognition and consider reasonable
         kondisi saat ini, dan informasi bersifat                          and supportable information, including that
         perkiraan masa depan (forward-looking),                           which is forward-looking, that is available
         yang wajar dan terdukung yang tersedia                            without undue cost or effort.
         tanpa biaya atau upaya berlebihan.

         Grup    mengukur      cadangan      kerugian                      The Group measures the loss allowance for
         sepanjang umurnya, jika risiko kredit atas                        a financial instrument at an amount equal to
         instrumen     keuangan      tersebut    telah                     the lifetime expected credit losses if the
         meningkat      secara    signifikan     sejak                     credit risk on that financial instrument has
         pengakuan awal, jika tidak, maka Grup                             increased      significantly   since   initial
         mengukur cadangan kerugian untuk                                  recognition, otherwise, the Group measures
         instrumen keuangan tersebut sejumlah                              the loss allowance for that financial
         kerugian kredit ekspektasian 12 bulan.                            instrument at an amount equal to 12-month
         Suatu evaluasi yang bertujuan untuk                               expected credit losses. Evaluation of
         mengidentifikasi jumlah cadangan kerugian                         financial assets to determine the allowance
         ekspektasian     yang     harus     dibentuk,                     for expected loss to be provided is
         dilakukan secara berkala pada setiap                              performed periodically in each reporting
         periode pelaporan. Oleh karena itu, saat dan                      period. Therefore, the timing and amount of
         besaran     jumlah    cadangan      kerugian                      allowance for expected credit loss recorded
         ekspektasian yang tercatat pada setiap                            at each period might differ based on the
         periode dapat berbeda tergantung pada                             judgments and estimates that are available
         pertimbangan atas informasi yang tersedia                         or valid at each period.
         atau berlaku pada saat itu.

         Nilai tercatat aset keuangan Grup yang                            The carrying values of the Group’s financial
         diukur pada biaya perolehan diamortisasi                          assets at amortized cost as               of
         pada tanggal 31 Desember 2023 dan 2022                            December 31, 2023 and 2022 follows:
         adalah sebagai berikut:

                                                     2023                  2022

         Kas dan setara kas                      297.604.680.201    351.683.395.746     Cash and cash equivalents
         Piutang usaha                            57.542.460.115     25.250.638.494     Trade accounts receivable
         Piutang lain-lain                        14.436.092.491     14.137.962.426     Other accounts receivable
         Piutang pihak berelasi                   21.742.779.697     18.241.079.278     Due from related parties
         Aset lain-lain                           43.940.217.830     29.639.960.484     Other assets

         Jumlah                                  435.266.230.334    438.953.036.428     Total




                                                         - 32 -
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PT ELECTRONIC CITY INDONESIA Tbk DAN                                     PT ELECTRONIC CITY INDONESIA Tbk AND
ENTITAS ANAK                                                                                      ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                              Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                 For the Years Ended
31 Desember 2023 dan 2022                                                               December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                               (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                   unless Otherwise Stated)

    c.   Sewa                                                       c.     Leases

         Grup sebagai Penyewa                                              Group as Lessee

         Grup telah menandatangani sejumlah                                The Group has entered into various lease
         perjanjian sewa ruangan. Grup menentukan                          agreements for commercial spaces. The
         bahwa sewa tersebut memenuhi kriteria                             Group has determined that those leases
         pengakuan dan pengukuran aset hak-guna                            meet the criteria for recognition and
         dan liabilitas sewa sesuai dengan                                 measurement of right-to-use assets and
         PSAK No. 73, Sewa.                                                lease liabilities in accordance with
                                                                           PSAK No. 73, Leases.

         Grup sebagai Pesewa                                               Group as Lessor

         Grup telah menandatangani sejumlah                                The Group has entered into various
         perjanjian sewa ruangan. Grup menentukan                          commercial lease agreements. The Group
         bahwa sewa tersebut adalah sewa operasi                           has determined that those are operating
         karena Grup menanggung secara signifikan                          leases since the Group bears substantially
         seluruh risiko dan manfaat dari kepemilikan                       all the significant risks and rewards of
         aset-aset tersebut.                                               ownership of the related assets.

    d.   Pajak Penghasilan                                          d.     Income Taxes

         Pertimbangan yang signifikan dibutuhkan                           Significant judgment is required in
         untuk      menentukan        jumlah     pajak                     determining the provision for income taxes.
         penghasilan. Terdapat sejumlah transaksi                          There are many transactions and
         dan     perhitungan     yang    menimbulkan                       calculations for which the ultimate tax
         ketidakpastian penentuan jumlah pajak                             determination is uncertain due to different
         penghasilan karena interpretasi atas                              interpretation of tax regulations. Where the
         peraturan pajak yang berbeda. Jika hasil                          final tax outcome of these matters is different
         pemeriksaan pajak berbeda dengan jumlah                           from the amounts that were initially
         yang sebelumnya telah dibukukan, maka                             recorded, such differences will have an
         selisih tersebut akan berdampak terhadap                          impact on the current and deferred income
         aset dan liabilitas pajak kini dan tangguhan                      tax assets and liabilities in the period in
         dalam periode dimana hasil pemeriksaan                            which such determination is made.
         tersebut terjadi.

    Estimasi dan Asumsi                                             Estimates and Assumptions

    Asumsi utama mengenai masa depan dan sumber                     The key assumptions concerning the future and
    utama lain dalam mengestimasi ketidakpastian                    other key sources of estimation uncertainty at the
    pada tanggal pelaporan yang mempunyai risiko                    reporting date that have a significant risk of
    signifikan yang dapat menyebabkan penyesuaian                   causing a material adjustment to the carrying
    material terhadap nilai tercatat aset dan liabilitas            amounts of assets and liabilities within the next
    dalam periode berikutnya diungkapkan di bawah                   financial period are disclosed below. The Group
    ini. Grup mendasarkan asumsi dan estimasi pada                  based its assumptions and estimates on
    parameter yang tersedia saat laporan keuangan                   parameters available when the consolidated
    konsolidasian disusun. Kondisi yang ada dan                     financial statements were prepared. Existing
    asumsi mengenai perkembangan masa depan                         circumstances and assumptions about future
    dapat berubah karena perubahan situasi pasar                    developments may change due to market
    yang berada di luar kendali Grup. Perubahan                     changes on circumstances arising beyond the
    tersebut tercermin dalam asumsi ketika keadaan                  control of the Group. Such changes are reflected
    tersebut terjadi.                                               in the assumptions when they occur.




                                                           - 33 -
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PT ELECTRONIC CITY INDONESIA Tbk DAN                                   PT ELECTRONIC CITY INDONESIA Tbk AND
ENTITAS ANAK                                                                                    ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                            Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                               For the Years Ended
31 Desember 2023 dan 2022                                                             December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                             (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                 unless Otherwise Stated)

    a.   Nilai Wajar Aset Keuangan dan Liabilitas                 a.     Fair Value of Financial Assets and
         Keuangan                                                        Financial Liabilities

         Standar Akuntansi Keuangan di Indonesia                         Indonesian Financial Accounting Standards
         mensyaratkan pengukuran aset keuangan                           require measurement of certain financial
         dan liabilitas keuangan tertentu pada nilai                     assets and liabilities at fair values, and the
         wajarnya, dan penyajian ini mengharuskan                        disclosure requires the use of estimates.
         penggunaan         estimasi.     Komponen                       Significant component of fair value
         pengukuran nilai wajar yang signifikan                          measurement is determined based on
         ditentukan berdasarkan bukti-bukti obyektif                     verifiable objective evidence (i.e. foreign
         yang dapat diverifikasi (seperti nilai tukar,                   exchange rate, interest rate), while timing
         suku bunga), sedangkan saat dan besaran                         and amount of changes in fair value might
         perubahan nilai wajar dapat menjadi                             differ due to different valuation method used.
         berbeda karena penggunaan metode
         penilaian yang berbeda.

         Nilai wajar aset keuangan dan liabilitas                        The fair value of financial assets and
         keuangan diungkapkan pada Catatan 23.                           financial liabilities are set out in Note 23.

    b.   Cadangan Kerugian        Penurunan      Nilai            b.     Allowance for      Decline    in   Value   of
         Persediaan                                                      Inventories

         Grup membentuk cadangan kerugian                                The Group provides allowance for decline in
         penurunan nilai persediaan berdasarkan                          value of inventories based on its estimation
         estimasi bahwa tidak terdapat penggunaan                        that there will be no future usage of such
         masa depan dari persediaan tersebut.                            inventories. While it is believed that the
         Manajemen berkeyakinan bahwa asumsi-                            assumptions used in the estimation of the
         asumsi yang digunakan dalam estimasi                            allowance for decline in the value of
         cadangan     kerugian    penurunan      nilai                   inventories reflected in the consolidated
         persediaan dalam laporan keuangan                               financial statements are appropriate and
         konsolidasian adalah tepat dan wajar,                           reasonable, significant changes in these
         namun demikian, perubahan signifikan                            assumptions may materially affect the
         dalam asumsi-asumsi tersebut dapat                              assessment of the carrying value of the
         berdampak signifikan terhadap nilai tercatat                    inventories and provision for decline in value
         persediaan dan jumlah beban kerugian nilai                      of inventories, which ultimately impact the
         persediaan, yang akhirnya akan berdampak                        result of the Group’s operations.
         pada hasil operasi Grup.

         Berdasarkan    penelaahan    manajemen,                         Based on the assessment of management,
         jumlah cadangan kerugian penurunan nilai                        the allowance for decline in value of
         persediaan     masing-masing    sebesar                         inventories of Rp 36,725,673,013 and
         Rp 36.725.673.013 dan Rp 50.396.465.750                         Rp        50,396,465,750     as        of
         pada tanggal 31 Desember 2023 dan 2022                          December 31, 2023 and 2022, respectively,
         adalah memadai (Catatan 8).                                     is adequate (Note 8).




                                                         - 34 -
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PT ELECTRONIC CITY INDONESIA Tbk DAN                                  PT ELECTRONIC CITY INDONESIA Tbk AND
ENTITAS ANAK                                                                                   ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                           Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                              For the Years Ended
31 Desember 2023 dan 2022                                                            December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                            (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                unless Otherwise Stated)

    c.   Estimasi Masa Manfaat Aset Tetap                        c.     Estimated Useful Lives of Property and
                                                                        Equipment

         Masa manfaat dari masing-masing aset tetap                     The useful life of each of the item of the
         Grup diestimasi berdasarkan jangka waktu                       Group’s property and equipment are
         aset tersebut diharapkan tersedia untuk                        estimated based on the period over which
         digunakan. Estimasi tersebut didasarkan                        the asset is expected to be available for use.
         pada penilaian kolektif berdasarkan bidang                     Such estimation is based on a collective
         usaha yang sama, evaluasi teknis internal,                     assessment of similar business, internal
         dan pengalaman dengan aset sejenis.                            technical evaluation, and experience with
         Estimasi masa manfaat setiap aset ditelaah                     similar assets. The estimated useful life of
         secara berkala dan diperbarui jika estimasi                    each asset is reviewed periodically and
         berbeda dari perkiraan sebelumnya yang                         updated if expectations differ from previous
         disebabkan karena pemakaian, usang                             estimates due to physical wear and tear,
         secara teknis atau komersial, serta                            technical or commercial obsolescence, and
         keterbatasan hak atau pembatasan lainnya                       legal or other limits on the use of the asset.
         terhadap penggunaan aset. Dengan                               It is possible, however, that future results of
         demikian, hasil operasi di masa mendatang                      operations could be materially affected by
         mungkin      dapat    terpengaruh    secara                    changes in the amounts and timing of
         signifikan oleh perubahan dalam jumlah dan                     recorded expenses brought about by
         waktu terjadinya biaya karena perubahan                        changes in the factors mentioned above.
         yang disebabkan oleh faktor-faktor yang                        A reduction in the estimated useful life of any
         disebutkan di atas. Penurunan estimasi                         item of property and equipment would
         masa manfaat ekonomis setiap aset tetap                        increase the recorded depreciation and
         akan menyebabkan kenaikan beban                                decrease the carrying values of these
         penyusutan dan penurunan nilai tercatat aset                   assets.
         tetap.

         Estimasi masa manfaat aset tetap                               The useful lives of property and equipment
         diungkapkan pada Catatan 2 dan nilai                           are set out in Note 2 and carrying values of
         tercatat aset tetap diungkapkan pada                           these assets are set out in Note 13.
         Catatan 13.

    d.   Penurunan Nilai Aset Non-Keuangan                       d.     Impairment of Non-financial Assets

         Penelaahan atas penurunan nilai dilakukan                      Impairment review is performed when
         apabila terdapat indikasi penurunan nilai                      certain impairment indicators are present.
         aset tertentu. Penentuan nilai wajar aset                      Determining the fair value of assets requires
         membutuhkan estimasi arus kas yang                             the estimation of cash flows expected to be
         diharapkan akan dihasilkan dari pemakaian                      generated from the continued use and
         berkelanjutan dan pelepasan akhir atas aset                    ultimate disposition of such assets. Any
         tersebut. Perubahan signifikan dalam                           significant           changes               in
         asumsi-asumsi yang digunakan untuk                             the assumptions used in determining the
         menentukan nilai wajar dapat berdampak                         fair value may materially affect the
         signifikan pada nilai terpulihkan dan jumlah                   assessment of recoverable values and
         kerugian penurunan nilai yang terjadi                          any resulting impairment loss could have
         mungkin berdampak material pada hasil                          a material impact on results of operations.
         operasi Grup.

         Nilai tercatat aset non-keuangan tersebut                      The carrying values of these assets as of
         pada tanggal 31 Desember 2023 dan 2022                         December 31, 2023 and 2022 are set out in
         pada Catatan 13 dan 14.                                        Notes 13 and 14.




                                                        - 35 -
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PT ELECTRONIC CITY INDONESIA Tbk DAN                                   PT ELECTRONIC CITY INDONESIA Tbk AND
ENTITAS ANAK                                                                                    ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                            Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                               For the Years Ended
31 Desember 2023 dan 2022                                                             December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                             (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                 unless Otherwise Stated)

    e.   Imbalan Kerja Jangka Panjang                             e.     Long-term Employee Benefits

         Penentuan liabilitas imbalan kerja jangka                       The determination of the long-term
         panjang dipengaruhi oleh asumsi tertentu                        employee benefits is dependent on the
         yang digunakan oleh aktuaris dalam                              selection of certain assumptions used by
         menghitung jumlah tersebut. Asumsi-asumsi                       actuary in calculating such amounts. Those
         tersebut dijelaskan dalam Catatan 32 dan                        assumptions are described in Note 32 and
         mencakup, antara lain, tingkat kenaikan gaji                    include, among others, rate of salary
         dan tingkat diskonto, yang ditentukan                           increase and discount rate, which is
         dengan mengacu pada imbal hasil pasar                           determined after giving consideration to
         atas bunga obligasi pemerintah dalam mata                       interest rates of government bonds that are
         uang yang sama dengan mata uang                                 denominated in the currency in which the
         pembayaran imbalan dan memiliki jangka                          benefits are to be paid and have terms of
         waktu yang mendekati estimasi jangka                            maturity approximating the terms of the
         waktu liabilitas imbalan kerja jangka panjang                   related employee benefits liability. Actual
         tersebut. Hasil aktual yang berbeda dengan                      results that differ from the Group’s
         asumsi Grup dibukukan pada penghasilan                          assumptions are charged to comprehensive
         komprehensif lain, dan dengan demikian                          income, and therefore generally affect the
         berdampak pada jumlah penghasilan                               recognized comprehensive income and
         komprehensif lain yang diakui dan liabilitas                    recorded obligation in such future periods.
         yang     tercatat    pada     periode-periode                   While it is believed that the Group’s
         mendatang.        Manajemen      berkeyakinan                   assumptions       are     reasonable      and
         bahwa asumsi-asumsi yang digunakan                              appropriate, significant differences in actual
         adalah tepat dan wajar, namun demikian,                         experience or significant changes in
         perbedaan signifikan pada hasil aktual, atau                    assumptions may materially affect the
         perubahan signifikan dalam asumsi-asumsi                        amount of long-term employee benefits
         tersebut dapat berdampak signifikan pada                        liability.
         jumlah liabilitas imbalan kerja jangka
         panjang.

         Pada tanggal 31 Desember 2023 dan 2022,                         As of December 31, 2023 and 2022, long-
         liabilitas    imbalan     kerja  jangka                         term employee benefits liability amounted to
         panjang        masing-masing    sebesar                         Rp 32,186,324,321 and Rp 27,102,546,992,
         Rp 32.186.324.321 dan Rp 27.102.546.992                         respectively (Note 32).
         (Catatan 32).

    f.   Aset Pajak Tangguhan                                     f.     Deferred Tax Assets

         Aset pajak tangguhan diakui untuk semua                         Deferred tax assets are recognized for all
         perbedaan temporer antara nilai tercatat                        temporary differences between the financial
         aset dan liabilitas pada laporan keuangan                       statements’ carrying amounts of existing
         dengan dasar pengenaan pajak jika                               assets and liabilities and their respective tax
         kemungkinan besar jumlah laba kena pajak                        bases to the extent that it is probable that
         akan    memadai       untuk   pemanfaatan                       taxable profit will be available against which
         perbedaan temporer yang diakui. Estimasi                        the temporary differences can be utilized.
         manajemen yang signifikan diperlukan untuk                      Significant management estimates are
         menentukan jumlah aset pajak tangguhan                          required to determine the amount of deferred
         yang diakui berdasarkan kemungkinan                             tax assets that can be recognized, based
         waktu terealisasinya dan jumlah laba kena                       upon the likely timing and the level of future
         pajak pada masa mendatang serta strategi                        taxable profits together with future tax
         perencanaan pajak masa depan.                                   planning strategies.

         Pada tanggal 31 Desember 2023 dan 2022,                         As of December 31, 2023 and 2022,
         saldo aset pajak tangguhan masing-masing                        deferred    tax    asset  amounted    to
         sebesar      Rp      201.941.881    dan                         Rp 201,941,881       and Rp 329,104,309,
         Rp 329.104.309 (Catatan 33).                                    respectively (Note 33).




                                                         - 36 -
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PT ELECTRONIC CITY INDONESIA Tbk DAN                                                  PT ELECTRONIC CITY INDONESIA Tbk AND
ENTITAS ANAK                                                                                                   ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                           Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                              For the Years Ended
31 Desember 2023 dan 2022                                                                            December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                            (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                                unless Otherwise Stated)

4.   Kas dan Setara Kas                                                    4.      Cash and Cash Equivalents

                                                           2023                   2022

     Kas                                                  879.439.525            729.331.525    Cash on hand

     Bank                                                                                       Cash in banks
       Rupiah                                                                                     Rupiah
          Pihak berelasi (Catatan 36)                                                                Related party (Note 36)
             PT Bank Artha Graha Internasional Tbk      12.791.332.645          6.266.668.495           PT Bank Artha Graha Internasional Tbk

           Pihak ketiga                                                                                 Third parties
              PT Bank CIMB Niaga Tbk                    15.036.698.542      22.233.603.986                 PT Bank CIMB Niaga Tbk
              PT Bank Central Asia Tbk                   9.754.940.068       1.945.127.716                 PT Bank Central Asia Tbk
              PT Bank Mandiri (Persero) Tbk              2.476.832.042       1.563.732.516                 PT Bank Mandiri (Persero) Tbk
              PT Bank Rakyat Indonesia (Persero) Tbk     2.234.902.369      17.746.684.338                 PT Bank Rakyat Indonesia (Persero) Tbk
              PT Bank Negara Indonesia (Persero) Tbk     1.940.071.326         989.852.250                 PT Bank Negara Indonesia (Persero) Tbk
              PT Bank Maybank Indonesia Tbk                171.610.902      30.106.784.995                 PT Bank Maybank Indonesia Tbk
              PT Bank Mega Tbk                              89.236.286         468.996.401                 PT Bank Mega Tbk
              PT Bank Nano Syariah                                                                         PT Bank Nano Syariah
                 (d/h PT Bank Sinar Mas Tbk                                                                   (formerly PT Bank Sinar Mas Tbk
                 - unit Syariah)                            74.383.087            74.383.087                  - unit Syariah)
              Citibank N.A. Jakarta                          7.615.736           375.072.031               Citibank N.A. Jakarta
              PT Bank Victoria International Tbk                   -              14.084.825               PT Bank Victoria International Tbk
       Jumlah                                           44.577.623.003      81.784.990.640        Total

       Dolar Amerika Serikat -                                                                    U.S. Dollar - related party (Note 36)
         pihak berelasi (Catatan 36)
             PT Bank Artha Graha Internasional Tbk      12.304.640.285      12.296.677.343              PT Bank Artha Graha Internasional Tbk
     Jumlah - Bank                                      56.882.263.288      94.081.667.983      Total - Cash in banks


     Deposito berjangka                                                                         Time deposits
       Rupiah                                                                                      Rupiah
         Pihak berelasi (Catatan 36)                                                                 Related party (Notes 36)
             PT Bank Artha Graha Internasional Tbk      56.800.000.000      51.800.000.000              PT Bank Artha Graha Internasional Tbk
         Pihak ketiga                                                                                Third parties
             PT Bank CTBC Indonesia                     65.000.000.000      65.000.000.000              PT Bank CTBC Indonesia
             PT Bank UOB Indonesia                      45.000.000.000      65.000.000.000              PT Bank UOB Indonesia
       Dolar Amerika Serikat -
         pihak berelasi (Catatan 36)                                                              U.S. Dollar - related party (Note 36)
             PT Bank Artha Graha Internasional Tbk      73.996.800.000      75.876.110.850          PT Bank Artha Graha Internasional Tbk
     Jumlah - Deposito berjangka                       240.796.800.000     257.676.110.850      Total - Time deposits

     Jumlah                                            298.558.502.813     352.487.110.358      Total

     Suku bunga per tahun deposito berjangka                                                    Interest rate per annum on time deposits
       Rupiah                                             3% - 5%               2,6% - 4%          Rupiah
       Dolar Amerika Serikat                              1% - 4%                  1%              U.S. Dollar




                                                                  - 37 -
Page 231
PT ELECTRONIC CITY INDONESIA Tbk DAN                                              PT ELECTRONIC CITY INDONESIA Tbk AND
ENTITAS ANAK                                                                                               ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                       Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                          For the Years Ended
31 Desember 2023 dan 2022                                                                        December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                        (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                            unless Otherwise Stated)

5.   Investasi Jangka Pendek                                           5.      Short-term Investments

                                                       2023                     2022

     Pada nilai wajar melalui penghasilan                                                      At fair value through other
       komprehensif lain                                                                          comprehensive income
          Investasi lain                           116.016.796.278          200.642.375.220           Other investments


     Zico Trust Pte, Lte                                               Zico Trust Pte, Lte

     Perusahaan memiliki investasi pada Zico Trust                     The Company has investment in Zico Trust Pte, Ltd as
     Pte, Ltd pada tanggal 31 Desember 2023 dan                        of December 31, 2023 and 2022 amounting to
     2022 sebesar USD 7.525.739 (setara dengan                         USD 7,525,739 (equal to Rp 116,016,796,278) and
     Rp 116.016.796.278) dan USD 12.754.585                            USD 12,754,585 (equivalent to Rp 200,642,375,220),
     (setara dengan Rp 200.642.375.220). Perubahan                     respectively. The change in fair value of this investment
     nilai wajar atas investasi ini untuk tahun yang                   for the years ended December 31, 2023 and 2022
     berakhir 31 Desember 2023 dan 2022 sebesar                        amounted       to     (Rp     84,625,578,942)         and
     (Rp 84.625.578.942) dan (Rp 191.570.620.588)                      (Rp 191,570,620,588), respectively, which was
     diakui sebagai bagian dari “Rugi yang belum                       recognized as part of “Unrealized loss on change in fair
     direalisasi atas perubahan nilai wajar aset                       value of financial assets at fair value through other
     keuangan diukur pada nilai wajar melalui                          comprehensive income” under equity in the
     penghasilan komprehensif lain” bagian dari                        consolidated statement of financial position.
     ekuitas dalam laporan posisi keuangan
     konsolidasian.


6.   Piutang Usaha                                                     6.      Trade Accounts Receivable

     a.    Berdasarkan Pelanggan                                                a.     By Debtor

                                                       2023                     2022

          Pihak ketiga                                                                         Third parties
                PT Kharisma Arya Paksi             23.938.340.177            5.153.723.725           PT Kharisma Arya Paksi
                PT Discovery Kartika Plaza Hotel    3.592.917.262                        -           PT Discovery Kartika Plaza Hotel
                PT Jalin Vaneo                      2.369.451.640                        -           PT Jalin Vaneo
                PT Cipta Usaha Sejati               2.015.757.315                        -           PT Cipta Usaha Sejati
                Yayasan AGP                         1.364.128.545            2.583.502.450           Yayasan AGP
             Kartu kredit                                                                         Credit cards
                PT Bank Central Asia Tbk             6.564.599.427           6.572.318.179           PT Bank Central Asia Tbk
                PT Bank Negara Indonesia                                                             PT Bank Negara Indonesia
                   (Persero) Tbk                     1.882.375.573           1.627.782.763              (Persero) Tbk
                PT Bank Mandiri (Persero) Tbk        1.316.527.581           1.271.074.660           PT Bank Mandiri (Persero) Tbk
                PT Bank CIMB Niaga Tbk                 925.097.739             592.912.102           PT Bank CIMB Niaga Tbk
                PT Bank Rakyat Indonesia                                                             PT Bank Rakyat Indonesia
                   (Persero) Tbk                      588.275.847              802.438.657              (Persero) Tbk
                Citibank, N.A., Jakarta                         -              548.102.212           Citibank, N.A., Jakarta
             Pembiayaan                                                                           Financing
                PT Home Credit Indonesia              410.262.250            1.473.229.363           PT Home Credit Indonesia
                PT Aeon Credit Service Indonesia      197.861.924              293.088.691           PT Aeon Credit Service Indonesia
             Voucher belanja                                                                      Shopping vouchers
                Sodexo Benefits and Rewards                                                          Sodexo Benefits and Rewards
                   Indonesia                         6.148.549.240           1.150.962.390              Indonesia
             Lain-lain (masing-masing kurang                                                      Others (less than Rp 1 billion
                dari Rp 1 Milliar)                 13.124.686.943            7.358.904.988           each)

          Jumlah                                   64.438.831.463           29.428.040.180     Total

          Cadangan kerugian piutang                 (6.896.371.348)          (4.177.401.686)   Allowance for impairment

          Jumlah - Bersih                          57.542.460.115           25.250.638.494     Net




                                                              - 38 -
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PT ELECTRONIC CITY INDONESIA Tbk DAN                                   PT ELECTRONIC CITY INDONESIA Tbk AND
ENTITAS ANAK                                                                                    ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                            Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                               For the Years Ended
31 Desember 2023 dan 2022                                                             December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                             (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                 unless Otherwise Stated)

    b.    Berdasarkan Umur                                           b.     By Age

                                                     2023                 2022

          Pihak ketiga                                                                 Third parties
            Belum jatuh tempo                    22.567.223.409      3.904.425.375       Not past due
            Jatuh tempo dan mengalami
              penurunan nilai                                                            Past due and impaired
              31 - 60 hari                       20.089.112.342      8.830.365.397         31 - 60 days
              Lebih dari 60 hari                 21.782.495.712     16.693.249.408         More than 60 days

            Subjumlah                            64.438.831.463     29.428.040.180       Subtotal
            Cadangan kerugian penurunan nilai    (6.896.371.348)    (4.177.401.686)      Allowance for impairment

            Bersih                               57.542.460.115     25.250.638.494       Net


    Piutang usaha merupakan transaksi dalam mata                    Trade accounts receivable are transactions
    uang Rupiah.                                                    denominated in Rupiah.

    Perubahan dalam cadangan kerugian penurunan                     The changes in allowance for impairment of trade
    nilai piutang usaha adalah sebagai berikut:                     receivables are detailed as follows:

                                                     2023                 2022

    Saldo awal tahun                              4.177.401.686      1.759.076.679    Balance at the beginning of the year
    Penambahan (Catatan 31)                       2.718.969.662      2.418.325.007    Provisions (Note 31)

    Saldo akhir tahun                             6.896.371.348      4.177.401.686    Balance at the end of the year

    Grup      menerapkan         pendekatan        yang             The Group applies the simplified approach to
    disederhanakan untuk menghitung cadangan                        provide for expected credit losses prescribed by
    kerugian ekspektasian yang disyaratkan oleh                     PSAK No. 71, which requires the use of the
    PSAK No. 71, yang memperbolehkan penerapan                      lifetime expected loss provison for all trade
    cadangan kerugian ekspektasian sepanjang                        receivables with no significant financing
    umurnya untuk seluruh piutang usaha tanpa                       component. To measure the expected credit
    komponen     pembiayaan        signifikan.    Untuk             losses, trade receivables have been grouped
    mengukur cadangan kerugian ekspektasian                         based on shared credit risk characteristics and the
    tersebut,   piutang     usaha       dikelompokkan               days past due.
    berdasarkan karakteristik risiko kredit yang sejenis
    dan pola tunggakan atau gagal bayar.

    Manajemen berpendapat bahwa cadangan                            Management believes that the allowance for
    kerugian    penurunan nilai pada tanggal                        impairment as of December 31, 2023 and 2022 is
    31 Desember 2023 dan 2022 memadai untuk                         adequate to cover possible losses from
    menutup kemungkinan kerugian dari tidak                         uncollectible accounts.
    tertagihnya piutang.

    Manajemen berpendapat bahwa tidak terdapat                      Management believes that there are no significant
    risiko terkonsentrasi secara signifikan atas piutang            concentrations of credit risk in trade accounts
    dari pihak ketiga.                                              receivable from third parties.




                                                           - 39 -
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PT ELECTRONIC CITY INDONESIA Tbk DAN                                               PT ELECTRONIC CITY INDONESIA Tbk AND
ENTITAS ANAK                                                                                                ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                        Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                           For the Years Ended
31 Desember 2023 dan 2022                                                                         December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                         (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                             unless Otherwise Stated)

7.   Piutang Lain-lain                                                  7.      Other Accounts Receivable

                                                      2023                      2022


     Pihak ketiga                                                                              Third parties
        PT Solusi Sehat Bersama                      864.285.000                         -        PT Solusi Sehat Bersama
        PT Semangat Sejahtera Bersama                141.807.118               328.001.077        PT Semangat Sejahtera Bersama
        PT Bank Rakyat Indonesia (Persero) Tbk       116.550.000                         -        PT Bank Rakyat Indonesia (Persero) Tbk
        PT Boga Rasa Indah                                     -               160.617.470        PT Boga Rasa Indah
        PT Budimanmaju Megah Farmasi                           -               129.117.404        PT Budimanmaju Megah Farmasi
        Lain-lain (masing-masing kurang
           dari Rp 100 juta)                      13.313.450.373         13.520.226.475          Other (less than Rp 100 million each)
        Sub jumlah                                14.436.092.491         14.137.962.426          Sub total
     Investasi mudharabah                                                                      Mudharabah investment
        PT Bank Sinarmas Tbk - Unit Syariah                        -      15.000.000.000         PT Bank Sinarmas Tbk - Unit Syariah
        Cadangan kerugian penurunan nilai                          -     (15.000.000.000)        Allowance for impairment
        Sub jumlah                                                 -                   -         Sub total

     Jumlah                                       14.436.092.491         14.137.962.426        Total

     Investasi mudharabah merupakan investasi yang                              Mudharabah investment is an investment which
     sudah jatuh tempo dengan PT Bank Sinarmas Tbk                              has matured with PT Bank Sinarmas Tbk – sharia
     – unit syariah sebagai agen investasi namun                                unit as the investment agent but the principal has
     pengembalian pokok belum diterima Perusahaan.                              not yet been received by the Company.

     Perubahan dalam kerugian penurunan                nilai                    The changes in allowance for impairment are as
     piutang adalah sebagai berikut:                                            follows:

                                                     2023                      2022

     Saldo awal tahun                             15.000.000.000        15.000.000.000        Balance at the beginning of the year
     Penghapusan                                 (15.000.000.000)                  -          Write-off

     Saldo akhir tahun                                         -        15.000.000.000        Balance at the end of the year



8.   Persediaan                                                         8.      Inventories

                                                      2023                      2022

     Peralatan rumah tangga                      175.568.339.415        154.478.315.580         Home appliances
     Audio video                                 141.070.293.396        131.815.801.518         Audio video
                                                                                                Telecommunication equipment
     Perangkat telekomunikasi dan gawai           23.318.381.219             24.676.740.534        and gadget
                                                                                                Information technology and
     Peralatan teknologi informasi dan kantor      7.916.531.010              9.092.815.708        office equipment
     Lain-lain                                    12.689.954.841              2.296.525.501     Others
     Jumlah                                      360.563.499.881        322.360.198.841         Total
     Cadangan kerugian penurunan nilai            (36.725.673.013)       (50.396.465.750)       Allowance for decline in value

     Jumlah - bersih                             323.837.826.868        271.963.733.091         Net

     Mutasi cadangan kerugian penurunan nilai adalah                            The changes in allowance for decline in value
     sebagai berikut:                                                           follows:

                                                      2023                      2022

     Saldo awal tahun                             50.396.465.750         62.364.466.141        Balance at the beginning of the year
     Penambahan                                    4.179.066.933          2.879.639.871        Provisions
     Pemulihan                                   (17.849.859.670)       (14.847.640.262)       Reversal

     Saldo akhir tahun                            36.725.673.013         50.396.465.750        Balance at the end of the year




                                                               - 40 -
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PT ELECTRONIC CITY INDONESIA Tbk DAN                                         PT ELECTRONIC CITY INDONESIA Tbk AND
ENTITAS ANAK                                                                                          ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                  Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                     For the Years Ended
31 Desember 2023 dan 2022                                                                   December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                   (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                       unless Otherwise Stated)

      Manajemen berpendapat bahwa cadangan                                Management believes that the allowance for
      kerugian penurunan nilai tersebut memadai untuk                     decline in value is adequate to cover possible
      menutup     kemungkinan       penurunan    nilai                    losses from decline in value of the inventories.
      persediaan.

      Pada tanggal 31 Desember 2023 dan 2022,                             As of December 31, 2023 and 2022, inventories
      persediaan dan aset tetap (bangunan beserta                         and building including its contents are insured with
      isinya) diasuransikan kepada PT Arthagraha                          PT Arthagraha General Insurance, third parties,
      General Insurance, pihak ketiga, atas risiko                        against losses from fire, lightning, explosion,
      kebakaran, petir, ledakan, bencana akibat                           impact of aircraft, riots, strike, malicious damage,
      pesawat, kerusuhan, demonstrasi, kerusakan,                         flood and water damage, and earthquake for
      banjir, dan gempa bumi dengan jumlah                                Rp 944,797,500,000 and Rp 916,647,500,000,
      pertanggungan       masing-masing    sebesar                        respectively.
      Rp 944.797.500.000 dan Rp 916.647.500.000..

      Manajemen      berpendapat     bahwa   nilai                        Management believes that the insurance
      pertanggungan tersebut cukup untuk menutup                          coverage is adequate to cover possible losses on
      kemungkinan    kerugian   atas   aset yang                          the assets insured.
      dipertanggungkan.


9.    Pajak Dibayar Dimuka                                        9.      Prepaid Taxes

                                                 2023                     2022

      Pajak penghasilan badan                                                           Corporate Income Tax
        PPh 22                                   24.227.073           264.416.423         Article 22
        PPh 23                               25.696.127.741        20.330.126.616         Article 23

      Jumlah                                 25.720.354.814        20.594.543.039       Total



10.   Biaya Dibayar Dimuka                                        10.     Prepaid Expenses

                                                 2023                     2022

      Pihak ketiga                                                                      Third parties
         Sewa                                 37.252.280.459           41.836.086.562      Rent
         Papan reklame                           593.657.293              246.803.040      Billboard
         Asuransi                                583.370.454              547.317.781      Insurance
         Lain-lain                             1.165.201.308            1.881.199.561      Others

      Jumlah                                  39.594.509.514           44.511.406.944   Total



11.   Uang Muka                                                   11.     Advances

                                                 2023                     2022

      Pembeliaan persediaan                   31.595.145.952       14.134.931.992       Purchases of inventories
      Beban operasional                       15.648.400.451        6.120.395.559       Operational expenses
      Perolehan aset tetap                       964.095.000       49.787.500.000       Acquisition of property and equipment
      Lain-lain                                3.747.115.438        2.628.784.385       Others

      Jumlah                                  51.954.756.841       72.671.611.936       Total




                                                         - 41 -
Page 235
PT ELECTRONIC CITY INDONESIA Tbk DAN                                                                     PT ELECTRONIC CITY INDONESIA Tbk AND
ENTITAS ANAK                                                                                                                      ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                                              Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                                 For the Years Ended
31 Desember 2023 dan 2022                                                                                               December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                                               (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                                                   unless Otherwise Stated)

12.   Piutang Pihak Berelasi                                                                12. Due from Related Parties

                                                                  2023                            2022

      PT Danapati Abinaya Investama                         27.168.600.000               27.168.600.000          PT Danapati Abinaya Investama
      PT Graha Karunia Trading                               3.501.700.419                          -            PT Graha Karunia Trading
      Cadangan kerugian penurunan nilai                     (8.927.520.722)              (8.927.520.722)         Allowance of impairment

      Jumlah Bersih                                         21.742.779.697               18.241.079.278          Net

      Keseluruhan piutang tersebut diberikan dengan                                                 These receivables from related parties are interest
      bunga sebesar 8% per tahun                                                                    bearing at 8% per annum.


13.   Aset Tetap                                                                            13.     Property and Equipment

                                                                   Perubahan selama tahun 2023/
                                                                    Changes during current year
                                    1 Januari 2023/    Penambahan/        Pengurangan/           Reklasifikasi/          31 Desember 2023/
                                    January 1, 2023      Additions         Deductions           Reclassifications        December 31,2023

      Nilai tercatat                                                                                                                         At cost
      Pemilikan langsung                                                                                                                     Direct acquisitions
         Tanah                      414.983.152.395                -                        -                     -        414.983.152.395      Land
         Bangunan                                                                                                                               Buildings and facility
             dan prasarana          457.250.658.729       139.050.000          (32.773.027.740)         7.905.758.549      432.522.439.538         improvements
         Pendingin ruangan            7.291.127.577       234.371.604             (243.299.911)                   -          7.282.199.270      Air conditioner
         Perlengkapan kantor         42.304.152.006     1.375.175.663           (1.573.645.641)           773.826.809       42.879.508.837      Office equipment
         Perabotan dan peralatan     10.217.522.111        63.943.018           (1.045.127.900)            40.381.989        9.276.719.218      Furniture and fixtures
         Instalasi                   21.839.633.916        54.646.000           (4.412.308.258)           680.487.000       18.162.458.658      Installations
         Komputer                    39.080.663.823     1.594.191.676              (59.546.137)         1.456.610.000       42.071.919.362      Computer
         Kendaraan                   11.007.205.522       358.461.260             (123.136.364)                   -         11.242.530.418      Motor vehicles
      Aset dalam pembangunan          1.434.219.785    25.271.163.555              (21.450.000)       (10.857.064.347)      15.826.868.993   Construction in progress
      Jumlah                       1.005.408.335.864   29.091.002.776          (40.251.541.951)                   -        994.247.796.689   Total

      Akumulasi penyusutan                                                                                                                   Accumulated depreciation
      Pemilikan langsung                                                                                                                     Direct acquisitions
                                                                                                                                                Buildings and facility
         Bangunan dan prasarana     239.544.098.231    29.650.878.810          (32.699.707.142)                   -        236.495.269.899         improvements
         Pendingin ruangan            6.929.168.690       203.495.884             (225.983.421)                   -          6.906.681.153      Air conditioner
         Perlengkapan kantor         40.956.926.604       836.865.202           (1.573.645.642)                   -         40.220.146.164      Office equipment
         Perabotan dan peralatan     10.050.193.422        89.307.448           (1.045.127.900)                   -          9.094.372.970      Furniture and fixtures
         Instalasi                   21.727.999.979        87.823.733           (4.412.308.258)                   -         17.403.515.454      Installations
         Komputer                    35.088.071.321     2.109.456.991              (58.817.137)                   -         37.138.711.175      Computer
         Kendaraan                    7.813.879.692       590.555.970             (123.136.364)                   -          8.281.299.298      Motor vehicles

      Jumlah                        362.110.337.939    33.568.384.037          (40.138.725.864)                   -        355.539.996.113   Total

      Nilai Tercatat                643.297.997.925                                                                        638.707.800.576   Net Book Value

                                                                       Perubahan selama tahun 2022/
                                                                        Changes during current year
                                   1 Januari 2022/     Penambahan/            Pengurangan/           Reklasifikasi/      31 Desember 2022/
                                   January 1, 2022       Additions             Deductions           Reclassifications    December 31, 2022

      Nilai tercatat                                                                                                                         At cost
      Pemilikan langsung                                                                                                                     Direct acquisitions
         Tanah                   414.983.152.395                  -                        -                      -        414.983.152.395      Land
         Bangunan                                                                                                                               Buildings and facility
             dan prasarana       436.562.521.433          797.559.653           (5.259.256.640)       25.149.834.283       457.250.658.729         improvements
         Pendingin ruangan         7.139.472.584          174.471.590              (28.216.597)            5.400.000         7.291.127.577      Air conditioner
         Perlengkapan kantor      42.178.325.915          783.388.156             (686.773.968)           29.211.903        42.304.152.006      Office equipment
         Perabotan dan peralatan 10.184.545.145           114.950.002              (85.603.036)            3.630.000        10.217.522.111      Furniture and fixtures
         Instalasi                22.688.306.443           56.650.000             (934.507.047)           29.184.520        21.839.633.916      Installations
         Komputer                 36.834.512.661        1.272.831.850              (23.921.288)          997.240.600        39.080.663.823      Computer
         Kendaraan                10.343.398.692          329.352.285                      -             334.454.545        11.007.205.522      Motor vehicles
      Aset dalam pembangunan       8.205.717.281       19.777.458.355                      -         (26.548.955.851)        1.434.219.785   Construction in progress
      Jumlah                     989.119.952.549       23.306.661.891           (7.018.278.576)                  -       1.005.408.335.864   Total




                                                                                - 42 -
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PT ELECTRONIC CITY INDONESIA Tbk DAN                                                          PT ELECTRONIC CITY INDONESIA Tbk AND
ENTITAS ANAK                                                                                                           ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                                   Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                      For the Years Ended
31 Desember 2023 dan 2022                                                                                    December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                                    (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                                        unless Otherwise Stated)

                                                            Perubahan selama tahun berjalan/
                                                              Changes during current year
                              1 Januari 2022/   Penambahan/         Pengurangan/           Reklasifikasi/      31 Desember 2022/
                              January 1, 2022     Additions          Deductions           Reclassifications    December 31, 2022

    Akumulasi penyusutan                                                                                                           Accumulated depreciation
    Pemilikan langsung                                                                                                             Direct acquisitions
                                                                                                                                      Buildings and facility
      Bangunan dan prasarana 216.225.898.008    27.749.023.537        (4.425.423.314)            (5.400.000)     239.544.098.231         improvements
      Pendingin ruangan         6.725.443.253      226.542.034           (28.216.597)             5.400.000        6.929.168.690      Air conditioner
      Perlengkapan kantor      39.625.483.257    2.018.217.315          (686.773.968)                   -         40.956.926.604      Office equipment
      Perabotan dan peralatan 10.014.180.004       122.316.452           (85.603.036)                   -         10.050.893.420      Furniture and fixtures
      Instalasi                22.577.764.995       86.865.131          (934.507.047)                   -         21.730.123.079      Installations
      Komputer                 30.687.915.889    4.423.919.387           (23.763.955)                   -         35.088.071.321      Computer
      Kendaraan                 7.194.272.029      619.607.663                   -                      -          7.813.879.692      Motor vehicles
    Jumlah                    333.050.957.435   35.246.491.519        (6.184.287.917)                   -        362.113.161.037   Total

    Nilai Tercatat            656.068.995.114                                                                    643.295.174.827   Net Book Value


    Beban penyusutan dibukukan sebagai bagian dari                                        Depreciation expense is presented as part of
    akun “Beban usaha” (Catatan 30).                                                      “Operating expenses” account (Note 30).

    Grup memiliki beberapa bidang tanah dengan hak                                        The Group owns several parcels of land with
    legal berupa Hak Guna Bangunan dan Hak Milik                                          Building Use Right and Ownership Right to
    atas Satuan Rumah Susun yang berjangka waktu                                          Apartment Unit for 30 years 2029 to 2045. The
    30 tahun yang akan jatuh tempo pada tahun 2029                                        Group’s land are located in Serpong measuring
    sampai dengan 2045. Grup memiliki aset berupa                                         7,349 square meters, Cikarang Selatan
    tanah di Serpong seluas 7.349 m2, Cikarang                                            measuring 204 square meters, Ujung Menteng
    Selatan seluas 204 m2, Ujung Menteng seluas                                           measuring 2,763 square meters, Cibubur
    2.763 m2, Cibubur seluas 13.647 m2, Bintaro                                           measuring 13,647 square meters, Bintaro
    seluas 3.097 m2, Alam Sutera seluas 5.000 m2,                                         measuring 3,097 square meters, Alam Sutera
    dan Citeureup seluas 19.750 m2.                                                       measuring 5,000 square meters, and Citeureup
                                                                                          measuring 19,750 square meters.

    Aset dalam pembangunan pada tanggal                                                   Construction       in    progress    as   of
    31 Desember 2023 berupa pekerjaan renovasi                                            December 31, 2023, represents renovations in
    ECI Alam Sutera, Karawaci, Bintaro dan Teuku                                          ECI Alam Sutera, Karawaci, Bintaro and Teuku
    Umar Balu yang akan diselesaikan tahun 2024.                                          Umar Bali will be completed in 2024.

    Pada tanggal 31 Desember 2023 dan 2022,                                               As of December 31, 2023 and 2022, the Group’s
    bangunan beserta isinya telah diasuransikan                                           buildings and its contents and inventories
    secara gabungan dengan persediaan (Catatan 8)                                         (Note 8) are insured with PT Arthagraha General
    kepada PT Arthagraha General Insurance, pihak                                         Insurance, third party, for Rp 944,797,500,000
    ketiga, dengan jumlah pertanggungan masing-                                           and Rp 916,647,500,000, respectively.
    masing sebesar Rp 944.797.500.000 dan
    Rp 916.647.500.000.

    Manajemen      berpendapat   bahwa    nilai                                           Management believes that the insurance
    pertanggungan tersebut cukup untuk menutup                                            coverage is adequate to cover possible losses on
    kemungkinan       kerugian    atas    aset                                            the assets insured.
    dipertanggungkan.

    Manajemen berpendapat bahwa tidak terdapat                                            As of December 31, 2023 and 2022, management
    penurunan nilai atas aset tetap pada tanggal                                          believes that there is no impairment in values of
    31 Desember 2023 dan 2022.                                                            the property and equipment.




                                                                       - 43 -
Page 237
PT ELECTRONIC CITY INDONESIA Tbk DAN                                             PT ELECTRONIC CITY INDONESIA Tbk AND
ENTITAS ANAK                                                                                              ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                      Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                         For the Years Ended
31 Desember 2023 dan 2022                                                                       December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                       (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                           unless Otherwise Stated)

      Harga perolehan aset tetap yang telah disusutkan                         Cost of property and equipment which are fully
      secara penuh dan masih digunakan adalah                                  depreciated and are still in use follows:
      sebagai berikut:

                                                       2023                   2022

      Bangunan dan prasarana                       111.237.609.214      143.941.954.554       Building and facility improvements
      Peralatan kantor                              39.006.077.667       40.559.850.309       Office equipment
      Komputer                                      32.052.354.722       32.111.900.859       Computer
      Instalasi                                     17.322.823.638       21.716.728.396       Installations
      Perabotan dan peralatan                        8.955.264.611       10.000.392.511       Furniture and fixtures
      Kendaraan bermotor                             6.981.218.554        7.104.354.918       Motor vehicles
      Pendingin ruangan                              6.634.730.356        6.790.109.780       Air conditioner

      Jumlah                                       222.190.078.762      262.225.291.327       Total

      Pengurangan aset tetap termasuk penjualan dan                            Deductions include the sale and disposal of
      penghapusan aset tetap dengan perincian                                  certain property and equipment with details as
      sebagai berikut:                                                         follows:

                                                        2023                   2022

      Harga jual                                       102.056.000             25.200.000     Selling price
      Nilai tercatat                                       729.000                157.329     Net book value
      Keuntungan penjualan                             101.327.000             25.042.671     Gain on sale
                                                                                              Loss on property and equipment
      Kerugian aset tetap yang dihapuskan             (112.087.089)           (833.833.330)     write-off
      Kerugian penjualan dan                                                                  Loss on sale and write-off of
        penghapusan aset tetap                         (10.760.089)           (808.790.659)     property and equipment


14.   Aset Hak Guna                                                     14.    Right of Use Assets

                                                      Perubahan selama tahun 2023/
                                                          Changes during 2023
                                    1 Januari/                                                31 Desember/
                                    January 1,      Penambahan/         Pengurangan/          December 31,
                                       2023          Additions           Deductions               2023

      Aset hak guna:                                                                                               Right-of-use assets:
      Bangunan                   107.193.015.232   39.513.602.280       (38.886.772.551)      107.819.844.961      Building
      Kendaraan                    8.595.058.082    1.542.342.343          (630.000.000)        9.507.400.425      Vehicles
      Jumlah                     115.788.073.314   41.055.944.623       (39.516.772.551)      117.327.245.386      Total

      Akumulasi penyusutan:                                                                                        Accumulated depreciation:
      Bangunan                    68.011.193.689   24.344.468.617       (38.886.772.551)       53.468.889.755      Building
      Kendaraan                    2.514.228.223    1.140.907.210          (337.472.730)        3.317.662.703      Vehicles
      Jumlah                      70.525.421.912   25.485.375.827       (39.224.245.281)       56.786.552.458      Total

      Nilai Tercatat              45.262.651.402                                               60.540.692.928      Net Book Value




                                                               - 44 -
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PT ELECTRONIC CITY INDONESIA Tbk DAN                                                PT ELECTRONIC CITY INDONESIA Tbk AND
ENTITAS ANAK                                                                                                 ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                         Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                            For the Years Ended
31 Desember 2023 dan 2022                                                                          December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                          (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                              unless Otherwise Stated)

                                                        Perubahan selama tahun 2022/
                                                            Changes during 2022
                                    1 Januari/                                                    31 Desember/
                                    January 1,         Penambahan/         Pengurangan/           Decemb er 31,
                                       2022              Additions          Deductions                2022

      Aset hak guna:                                                                                               Right-of-use assets:
      Bangunan                     83.413.290.513     23.779.724.719                    -     107.193.015.232      Building
      Kendaraan                     7.686.972.336      2.831.985.746       (1.923.900.000)      8.595.058.082      Vehicles
      Jumlah                       91.100.262.849     26.611.710.465       (1.923.900.000)    115.788.073.314      Total

      Akumulasi penyusutan:                                                                                        Accumulated depreciation:
      Bangunan                     43.345.186.825     24.666.006.864                    -         68.011.193.689   Building
      Kendaraan                     2.464.116.110      1.098.766.816       (1.048.654.703)         2.514.228.223   Vehicles
      Jumlah                       45.809.302.935     25.764.773.680       (1.048.654.703)        70.525.421.912   Total

      Nilai Tercatat               45.290.959.914                                                 45.262.651.402   Net Book Value



15.   Aset Pengampunan Pajak                                               15.    Tax Amnesty Asset

      Pada tahun 2016, Perusahaan dan entitas anak                                In 2016, the Company and its subsidiary
      menyampaikan Surat Pernyataan Harta untuk                                   submitted Letter of Assets Declaration for tax
      pengampunan pajak ke kantor pajak sehubungan                                amnesty to tax office in relation to participation in
      dengan    keikutsertaan    dalam      program                               tax amnesty program of the Government of
      pengampunan pajak pemerintah Indonesia.                                     Indonesia. The Company and its subsidiary
      Perusahaan dan entitas anak masing-masing                                   received Letter of Tax Amnesty Annotation
      telah    menerima       Surat      Keterangan                               from      the       Minister        of      Finance
      Pengampunan Pajak dari Menteri Keuangan                                     No.        KET-23/PP/WPJ.07/2016               dated
      No.      KET-23/PP/WPJ.07/2016         tanggal                              August           22,            2016             and
      22         Agustus         2016           dan                               No. KET-6005/PP/WPJ-30/2016 dated October 4,
      No.    KET-6005/PP/WPJ.30/2016       tangggal                               2016, respectively, as proof that tax amnesty has
      4 Oktober 2016 sebagai bukti pemberian                                      been granted to.
      pengampunan pajak.

      Aset pengampunan pajak yang tercantum dalam                                 The tax amnesty asset as declared in the letter of
      surat keterangan pengampunan pajak adalah                                   tax Amnesty Annotation represents land
      tanah sebesar Rp 4.333.212.500.                                             amounting to Rp 4,333,212,500.

      Aset pengampunan pajak tersebut dikreditkan                                 The tax amnesty asset is recognized as part of
      pada akun tambahan modal disetor dalam ekuitas                              additional paid-in capital under equity as of
      pada tanggal 31 Desember 2023 dan 2022.                                     December 31, 2023 and 2022.


16.   Aset Lain-lain                                                       16.    Other Assets

                                                    2023                   2022

      Setoran jaminan                            24.940.217.830        24.639.960.484     Security deposits
      PT Creative Event Entertainment            19.000.000.000         5.000.000.000     PT Creative Event Entertainment
      Jumlah                                     43.940.217.830        29.639.960.484     Total

      Perusahaan    memberikan   piutang   kepada                                 Company       provides      receivables       to
      PT Creative Event Entertaiment, pihak ketiga                                PT Creative Event Entertainment, third party, in
      pada   tahun    2023  dan    2022    masing-                                2023 and 2022, amounted to Rp 19,000,000,000
      masing sebesar Rp 19.000.000.000 dan                                        and Rp 5,000,000,000, respectively.
      Rp 5.000.000.000.

      Piutang tersebut dikenakan bunga 8% per tahun                               The receivables are subject to interest rate of 8%
      dengan jatuh tempo selama 5 tahun.                                          per annum with due date of 5 years.




                                                                  - 45 -
Page 239
PT ELECTRONIC CITY INDONESIA Tbk DAN                                           PT ELECTRONIC CITY INDONESIA Tbk AND
ENTITAS ANAK                                                                                            ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                    Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                       For the Years Ended
31 Desember 2023 dan 2022                                                                     December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                     (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                         unless Otherwise Stated)

17.   Utang Usaha                                                     17.    Trade Accounts Payable

                                                      2023                    2022

      Pihak relasi (Catatan 36)                                                             Related party (Note 36)
         PT Graha Karunia Trading                       6.164.315                     -       PT Graha Karunia Trading
      Pihak ketiga                                                                          Third parties
         PT Samsung Electronics Indonesia          73.238.179.605        58.408.719.507        PT Samsung Electronics Indonesia
         PT Sharp Electronics Indonesia            72.064.857.573        87.435.975.522        PT Sharp Electronics Indonesia
         PT Sony Indonesia                         35.898.908.894        55.239.847.150        PT Sony Indonesia
         PT LG Electronics Indonesia               24.620.173.463        34.891.705.950        PT LG Electronics Indonesia
         PT Hisense International Indonesia        23.169.262.929        23.105.317.876        PT Hisense International Indonesia
         PT Sarana Kencana Mulya                   16.969.908.376        20.194.475.221        PT Sarana Kencana Mulya
         PT Daikin Air Conditioning Indonesia      13.711.537.408        14.435.192.622        PT Daikin Air Conditioning Indonesia
         PT Electrolux Indonesia                   10.847.222.914        16.426.376.228        PT Electrolux Indonesia
         PT Panasonic Gobel Indonesia              10.683.984.767        15.162.378.710        PT Panasonic Gobel Indonesia
         PT HAIER Sales Indonesia                  10.039.653.582         5.813.748.319        PT HAIER Sales Indonesia
         PT Arcelik Hitachi Home Appliances         9.419.388.395         8.132.577.739        PT Arcelik Hitachi Home Appliances
         PT Total Visual Media Distribusi           8.799.792.451                   -          PT Total Visual Media Distribusi
         PT BSH Home Appliances                     4.816.577.050         4.686.762.305        PT BSH Home Appliances
         PT Teletama Artha Mandiri                  4.385.597.730         1.576.860.000        PT Teletama Artha Mandiri
         PT Yongwang Electronics Indonesia          3.966.616.013         1.893.190.459        PT Yongwang Electronics Indonesia
         PT Tipa Arena Citra                        3.630.091.830         3.856.320.760        PT Tipa Arena Citra
         PT Mitra Usaha Kalbar                      3.033.458.600                   -          PT Mitra Usaha Kalbar
         PT Versuni Homelife Indonesia              2.981.183.592                   -          PT Versuni Homelife Indonesia
         PT World Innovative Telecommunication      2.723.040.834         1.929.287.811        PT World Innovative Telecommunication
         PT Datascrip                               2.488.617.506         5.995.976.235        PT Datascrip
         PT Beko Appliances Indonesia               2.399.918.153                   -          PT Beko Appliances Indonesia
         PT Higienis Indonesia                      2.357.729.999                   -          PT Higienis Indonesia
         PT Graha Berkat Trading                    2.290.225.500         1.856.429.507        PT Graha Berkat Trading
         PT Batavia Bintang Berlian                 1.809.972.973                   -          PT Batavia Bintang Berlian
         PT Unilever Indonesia                      1.702.686.550                   -          PT Unilever Indonesia
         PT Modena Indonesia                        1.674.789.210         3.157.943.743        PT Modena Indonesia
         PT Golan Jaya Teknik                       1.362.162.080                   -          PT Golan Jaya Teknik
         PT Sukses Mandiri                          1.319.437.500                   -          PT Sukses Mandiri
         PT Ravalindo Megah Perkasa                 1.290.824.397                   -          PT Ravalindo Megah Perkasa
         PT Akari Indonesia                           929.305.020         2.535.928.295        PT Akari Indonesia
         PT Inti Megah Swara                          861.519.098         1.266.610.576        PT Inti Megah Swara
         PT Pixel Perdana Jaya                        618.807.470         1.872.075.464        PT Pixel Perdana Jaya
         PT Skyworth Indonesia                        571.867.004         1.074.983.694        PT Skyworth Indonesia
         PT Philips Indonesia Commercial               14.090.909         3.440.818.596        PT Philips Indonesia Commercial
         PT Erafone Artha Retailindo                   10.241.899         1.350.915.992        PT Erafone Artha Retailindo
         PT Toshiba Visual Media Network                                                       PT Toshiba Visual Media Network
            Indonesia                                   8.018.591           7.722.397.615         Indonesia
         Lain-lain (masing-masing kurang
            dari Rp 1 miliar)                      65.123.435.836        43.335.932.706       Others (less than Rp 1 billion each)
         Subjumlah                               421.832.212.642        426.798.748.602       Subtotal

         Jumlah                                  421.838.376.957        426.798.748.602     Total

      Analisa umur utang usaha dihitung dari tanggal                         The aging analysis of trade accounts payable from
      faktur adalah sebagai berikut:                                         the date of invoice follows:

                                                     2023                     2022

      Belum jatuh tempo                          125.891.758.677        95.744.029.168                Not yet due
      Jatuh tempo:                                                                                    Past due:
         1-30 hari                               197.165.534.429       250.510.101.357                  1 - 30 days
         31-60 hari                               74.926.885.599        73.754.127.592                  31 - 60 days
         61-90 hari                               17.367.291.252         6.790.490.485                  61 - 90 days
         > 90 hari                                 6.486.907.000                   -                    > 90 days

      Jumlah                                     421.838.376.957       426.798.748.602                Total




                                                             - 46 -
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PT ELECTRONIC CITY INDONESIA Tbk DAN                                        PT ELECTRONIC CITY INDONESIA Tbk AND
ENTITAS ANAK                                                                                         ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                 Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                    For the Years Ended
31 Desember 2023 dan 2022                                                                  December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                  (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                      unless Otherwise Stated)

18.   Utang Lain-lain                                              18.    Other Accounts Payable

                                                  2023                   2022

      Pihak berelasi (Catatan 36)                                                     Related party (Note 36)
         PT Graha Karunia Trading              1.948.735.000         2.300.861.738      PT Graha Karunia Trading

      Pihak ketiga                                                                    Third parties
         PT Graha Buana Propertindo            1.097.307.000                    -        PT Graha Buana Propertindo
         Lain-lain (masing-masing kurang
            dari Rp 1 miliar)                  5.368.302.832         5.241.252.228       Others (less than Rp 1 billion each)
         Subjumlah                             6.465.609.832         5.241.252.228       Subtotal

      Jumlah                                   8.414.344.832         7.542.113.966    Total



      Akun ini merupakan utang kepada kontraktor                          These represent payables to contractors
      (termasuk utang retensi), utang atas pembelian                      (including retention payable), payables for
      aset tetap, sewa ke pemilik tanah dan bangunan                      purchase of property and equipment, rental
      serta operasional kantor, dan penerimaan dana                       payable, and operation, and cash receipts from
      dari pemasok/pihak ketiga terkait dengan kegiatan                   supplier/third parties related to marketing support
      pemasaran dan operasional.                                          and the Company’s operations.


19.   Utang Pajak                                                  19.    Taxes Payable

                                                  2023                   2022

      Pajak penghasilan                                                               Income taxes
        Pasal 4 (2)                            1.152.546.725         1.820.827.267       Article 4 (2)
        Pasal 21                                 679.368.991           353.537.167       Article 21
        Pasal 23                                 139.805.232           108.971.723       Article 23
        Pasal 29                                  13.156.880            13.156.880       Article 29
        Pasal 15                                   5.384.676                     -       Article 15

      Pajak Pertambahan Nilai - bersih         6.604.721.472        10.229.424.024    Value Added Tax - net

      Jumlah                                   8.594.983.976        12.525.917.061    Total



      Besarnya pajak terutang ditetapkan berdasarkan                      The filed tax returns are based on the Group’s own
      perhitungan pajak yang dilakukan sendiri oleh                       calculation of tax liabilities (self-assessment). The
      wajib pajak (self-assessment). Kantor Pajak dapat                   tax authorities may conduct a tax audit on such
      melakukan pemeriksaan atas perhitungan pajak                        calculation as determined in the Laws of General
      tersebut sebagaimana ditetapkan dalam Undang-                       Provisions and Administration of Taxation.
      undang mengenai Ketentuan Umum dan Tata
      Cara Perpajakan.


20.   Beban Akrual                                                 20.    Accrued Expenses

                                                 2023                    2022

      Sewa gudang dan toko                     4.572.329.004           355.785.028   Rent of warehouse and store
      Telepon, listrik, dan air                2.115.970.012         1.301.002.266   Telephone, electricity, and water
      Jasa pelayanan                           1.002.203.567         1.255.563.929   Service charge
      Jasa profesional                           803.499.995           747.500.000   Professional fees
      Gaji karyawan                               87.457.418           763.908.078   Salaries
      Lain-lain (masing -masing                                                      Others
       dibawah Rp 500 juta)                     7.071.292.982        7.378.459.289   (less than Rp 500 million each)

      Jumlah                                  15.652.752.978        11.802.218.590   Total




                                                          - 47 -
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PT ELECTRONIC CITY INDONESIA Tbk DAN                                                        PT ELECTRONIC CITY INDONESIA Tbk AND
ENTITAS ANAK                                                                                                         ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                                 Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                    For the Years Ended
31 Desember 2023 dan 2022                                                                                  December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                                  (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                                      unless Otherwise Stated)

21.   Liabilitas Sewa                                                          21.    Lease Liabilities

                                                              2023                   2022

      PT Mardika Daya Tribuana                               3.120.345.808        2.867.859.999     PT Mardika Daya Tribuana
      PT Astra Sedaya Finance                                   23.837.813           89.918.059     PT Astra Sedaya Finance
      PT BCA Finance                                                     -           26.954.164     PT BCA Finance
      Lain-lain                                             26.128.102.700       16.671.300.935     Others
      Jumlah                                                29.272.286.321       19.656.033.157     Total

      Liabilitas sewa diakui apabila transaksi sewa                                   Transactions were recorded as lease liabilities if it
      memenuhi kriteria sewa sesuai dengan ketentuan                                  met lease criteria in accordance with PSAK 73.
      PSAK No. 73.

      Lain-lain merupakan liabilitas yang timbul dari                                 Others represent liabilities arising from lease of
      transaksi sewa toko.                                                            stores.

      Berikut adalah pembayaran sewa pembiayaan                                       The following are the future minimum lease
      minimum masa yang akan datang (future minimum                                   payments based on the lease agreements:
      lease payment) berdasarkan perjanjian sewa:

                                                             2023                    2022

      Pembayaran yang jatuh tempo
         pada tahun:                                                                               Payments due in:
         2023                                                     -            10.275.522.953        2023
         2024                                          14.139.890.033           6.716.937.925        2024
         2025                                          11.069.085.869           4.852.663.916        2025
         2026                                           7.598.508.583                     -          2026
      Jumlah pembayaran sewa
         pembiayaan minimum                            32.807.484.486          21.845.124.794      Total minimum lease liabilities
      Bunga                                            (3.535.198.165)         (2.189.091.637)     Interest
      Nilai sekarang pembayaran sewa                                                               Present value of minimum lease
         pembiayaan minimum                            29.272.286.321          19.656.033.157         liabilities
      Dikurangi: Bagian yang akan jatuh
         tempo dalam satu tahun                        11.715.971.266           9.725.681.334      Less: Current portion
      Bagian utang jangka panjang
         yang akan jatuh tempo lebih
         dari satu tahun                               17.556.315.055           9.930.351.823      Long-term portion



      Beban bunga sewa - lembaga pembiayaan adalah                                    The lease interest expense - multifinance as
      sebagai berikut:                                                                follows:

                                                                     Beban bunga sewa pembiayaan/
                                          Jangka waktu/                  Lease interest expense
                                             Terms                      2023                2022

      PT BCA Finance                      4 tahun / years               5.462.619               72.916.209      PT BCA Finance
      PT Astra Sedaya Finance             4 tahun / years               6.639.758               13.345.414      PT Astra Sedaya Finance
      PT Dipo Star Finance                4 tahun / years                       -               50.068.187      PT Dipo Star Finance

      Jumlah                                                           12.102.377              136.329.810      Total




                                                                      - 48 -
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PT ELECTRONIC CITY INDONESIA Tbk DAN                                                                              PT ELECTRONIC CITY INDONESIA Tbk AND
ENTITAS ANAK                                                                                                                               ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                                                       Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                                          For the Years Ended
31 Desember 2023 dan 2022                                                                                                        December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                                                        (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                                                            unless Otherwise Stated)

22.   Setoran Jaminan                                                                              22.          Security Deposits

      Akun ini merupakan uang jaminan yang diterima                                                             These represent deposits received from third
      dari pihak ketiga atas sewa lahan, jasa pelayanan,                                                        parties for rental, service charge, and telephone.
      dan telepon.


23.   Pengukuran Nilai Wajar                                                                       23.          Fair Value Measurement

      Tabel berikut menyajikan pengukuran nilai wajar                                                           The following table provides the fair value
      aset dan liabilitas tertentu Grup:                                                                        measurement of the Group’s certain assets and
                                                                                                                liabilities:
                                                                         31 Desember/December 31, 2023
                                                                                  Pengukuran nilai wajar menggunakan:/
                                                                                     Fair value measurement using:
                                                                                                                  Input signifikan
                                                                                                                    yang tidak
                                                                                              Input signifikan          dapat
                                                                      Harga kuotasian           yang dapat          diobservasi
                                                                     dalam pasar aktif/         diobservasi          (Level 3)/
                                                                          (Level 1)/             (Level 2)/         Significant
                                                                       Quoted prices            Significant        unobservable
                                                  Nilai Tercatat/   in active markets       observable inputs          inputs
                                                 Carrying Values          (Level 1)              (Level 2)           (Level 3)

      Aset yang diukur pada nilai wajar                                                                                              Assets measured at fair value
       Aset keuangan yang diukur pada                                                                                                 Financial assets at fair value
         nilai wajar melalui laba komprehensif                                                                                          through comprehensive income
         Investasi jangka pendek                                                                                                        Short-term investments
           Investasi lain                        116.016.796.278     116.016.796.278                        -                   -         Other investment

      Aset yang nilai wajarnya disajikan:                                                                                            Assets for which fair values are disclosed:
         Liabilitas pada biaya perolehan
           diamortisasi                                                                                                                    Liabilities at amortized cost
             Pinjaman dan utang dengan bunga                                                                                                 Interest-bearing loans and borrowings:
             Sewa pembiayaan (bagian jangka                                                                                                    Lease liabilities (including current
             pendek dan bagian jangka panjang)     29.727.286.321                  -         29.727.286.321                     -              and noncurrent portion)




                                                                           31 Desember/December 31, 2022
                                                                                    Pengukuran nilai wajar menggunakan:/
                                                                                       Fair value measurement using:
                                                                                                                    Input signifikan
                                                                                                                      yang tidak
                                                                                                Input signifikan          dapat
                                                                        Harga kuotasian           yang dapat          diobservasi
                                                                       dalam pasar aktif/         diobservasi          (Level 3)/
                                                                            (Level 1)/             (Level 2)/         Significant
                                                                         Quoted prices            Significant        unobservable
                                                  Nilai Tercatat/     in active markets       observable inputs          inputs
                                                 Carrying Values            (Level 1)              (Level 2)           (Level 3)

      Aset yang diukur pada nilai wajar                                                                                                           Assets measured at fair value
       Aset keuangan yang diukur pada                                                                                                              Financial assets at fair value
         nilai wajar melalui laba komprehensif                                                                                                       through comprehensive income
         Investasi jangka pendek                                                                                                                     Short-term investments
           Investasi lain                        200.642.375.220        200.642.375.220                             -                  -               Other investment

      Aset yang nilai wajarnya disajikan:                                                                                                         Assets for which fair values are disclosed:
         Liabilitas pada biaya perolehan
           diamortisasi                                                                                                                               Liabilities at amortized cost
           Pinjaman dan utang dengan bunga                                                                                                              Interest-bearing loans and borrowings:
           Sewa pembiayaan (bagian jangka                                                                                                               Lease liabilities (including current
           pendek dan bagian jangka panjang)      19.656.033.157                        -          19.656.033.157                      -                and noncurrent portion)




                                                                                       - 49 -
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PT ELECTRONIC CITY INDONESIA Tbk DAN                                           PT ELECTRONIC CITY INDONESIA Tbk AND
ENTITAS ANAK                                                                                            ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                    Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                       For the Years Ended
31 Desember 2023 dan 2022                                                                     December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                     (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                         unless Otherwise Stated)

      Nilai    wajar   instrumen     keuangan     yang                       The fair value of financial instruments traded in
      diperdagangkan di pasar aktif adalah berdasarkan                       active markets is based on quoted market prices
      kuotasi harga pasar pada tanggal pelaporan.                            at the reporting date. A market is regarded as
      Pasar dianggap aktif apabila kuotasi harga                             active if quoted prices are readily and regularly
      tersedia sewaktu-waktu dan dapat diperoleh                             available from an exchange, dealer or broker,
      secara rutin dari bursa, pedagang efek atau                            industry group pricing service, or regulatory
      perantara efek, badan penyedia jasa penentuan                          agency, and those prices represent actual and
      harga kelompok industri atau badan pengatur, dan                       regularly occurring market transaction on an arm’s
      harga tersebut mencerminkan transaksi pasar                            lengths basis. The quoted market price used for
      yang aktual dan rutin dalam suatu transaksi yang                       financial assets held by the Group is the current
      wajar. Kuotasi harga pasar yang digunakan untuk                        bid price. These instruments are included in
      aset keuangan yang dimiliki oleh Grup adalah                           Level 1.
      harga penawaran (bid price) terkini. Instrumen
      keuangan seperti ini termasuk dalam hirarki
      Level 1.

      Nilai wajar aset dan liabilitas yang tidak                             The fair value of assets and liabilities that are not
      diperdagangkan di pasar aktif ditentukan                               traded in an active market is determined by using
      menggunakan teknik penilaian. Teknik penilaian                         valuation techniques. These valuation techniques
      ini memaksimalkan penggunaan data pasar yang                           maximize the use of observable market data
      dapat diobservasi yang tersedia dan sesedikit                          where it is available and rely as little as possible
      mungkin mengandalkan estimasi spesifik yang                            on entity’s specific estimates. If all significant
      dibuat oleh entitas. Jika seluruh input signifikan                     inputs required to fair value an asset or liability are
      yang dibutuhkan untuk menentukan nilai wajar                           observable, the asset or liability is included in
      dapat diobservasi, maka aset dan liabilitas                            Level 2.
      tersebut termasuk dalam hirarki Level 2.

      Teknik penilaian spesifik yang digunakan untuk                         Specific valuation techniques used to determine
      menentukan nilai wajar aset dan liabilitas Level 2                     fair value of assets and liabilities in Level 2 and
      meliputi analisa arus kas diskonto dan metode                          include discounted cash flow analysis and
      pasar pembanding.                                                      comparable market method.


24.   Modal Saham                                                    24.     Capital Stock

      Susunan kepemilikan saham Perusahaan                                   The share ownership in the Company based on
      berdasarkan    catatan    yang   dibuat   oleh                         the record of PT Ficomindo Buana Registrar,
      PT Ficomindo Buana Registrar, Biro Administrasi                        share’s registrar, follows:
      Efek, adalah sebagai berikut:

                                                                 2023
                                             Jumlah          Persentase         Jumlah Modal
                                             Saham           Kepemilikan           Disetor
                                            Number of       Percentage of       Total Paid-up
               Nama Pemegang Saham           Shares          Ownership          Capital Stock             Name of Stockholder
                                                                 %

      UOB Kay Hian Pte Ltd                  397.577.305              29,80      39.757.730.500   UOB Kay Hian Pte Ltd
      PT Graha Surya Kirana                 341.250.000              25,57      34.125.000.000   PT Graha Surya Kirana
      PT Artha Graha Network                308.850.000              23,15      30.885.000.000   PT Artha Graha Network
      FA Tri Agus Winarko (Direktur)            600.000               0,04          60.000.000   FA Tri Agus Winarko (Director)
      Lenny Susilawaty Jamadi (Direktur)        550.000               0,04          55.000.000   Lenny Susilawaty Jamadi (Director)
      Lyvia Mariana (Direktur)                   32.500               0,00           3.250.000   Lyvia Mariana (Director)
      Josephine Sukmadewi K (Komisaris)          17.500               0,00           1.750.000   Josephine Sukmadewi K (Commisioner)
      Wiradi (Direktur Utama)                    15.000               0,00           1.500.000   Wiradi (President Director)
      Widi Satya Chitra (Direktur)                1.200               0,00             120.000   Widi Satya Chitra (Director)
      Dedy Djafarli (Direktur)                    1.000               0,00             100.000   Dedy Djafarli (Director)
      Roland Hutapea (Direktur)                     100               0,00              10.000   Roland Hutapea (Director)
      Masyarakat lainnya (kepemilikan
        masing-masing di bawah 5%)           165.987.200             12,44      16.598.720.000   Public (below 5% each)
      Subjumlah                            1.214.881.805             91,05     121.488.180.500   Subtotal
      Saham Tresuri                          119.451.195              8,95      11.945.119.500   Treasury shares

      Jumlah                               1.334.333.000            100,00     133.433.300.000   Total




                                                           - 50 -
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PT ELECTRONIC CITY INDONESIA Tbk DAN                                         PT ELECTRONIC CITY INDONESIA Tbk AND
ENTITAS ANAK                                                                                          ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                  Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                     For the Years Ended
31 Desember 2023 dan 2022                                                                   December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                   (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                       unless Otherwise Stated)

                                                              2022
                                            Jumlah        Persentase         Jumlah Modal
                                            Saham         Kepemilikan           Disetor
                                           Number of     Percentage of       Total Paid-up
            Nama Pemegang Saham             Shares        Ownership          Capital Stock               Name of Stockholder
                                                              %

   UOB Kay Hian Pte Ltd                    397.492.405             29,79     39.749.240.500    UOB Kay Hian Pte Ltd
   PT Graha Surya Kirana                   341.250.000             25,57     34.125.000.000    PT Graha Surya Kirana
   PT Artha Graha Network                  308.850.000             23,15     30.885.000.000    PT Artha Graha Network
   Lenny Susilawaty Jamadi (Direktur)          550.000              0,04         55.000.000    Lenny Susilawaty Jamadi (Director)
   Lyvia Mariana (Direktur)                     32.500              0,00          3.250.000    Lyvia Mariana (Director)
   Josephine Sukmadewi K (Direktur )            17.500              0,00          1.750.000    Josephine Sukmadewi K (Director)
   Wiradi (Direktur Utama)                      15.000              0,00          1.500.000    Wiradi (President Director)
   Widi Satya Chitra (Direktur)                  1.200              0,00            120.000    Widi Satya Chitra (Director)
   Dedy Djafarli (Direktur)                      1.000              0,00            100.000    Dedy Djafarli (Director)
   Roland Hutapea (Direktur)                       100              0,00             10.000    Roland Hutapea (Director)
   Masyarakat lainnya (kepemilikan
     masing-masing di bawah 5%)            119.787.100              8,98     11.978.710.000    Public (below 5% each)
   Subjumlah                             1.167.996.805             87,54    116.799.680.500    Subtotal
   Saham Tresuri                           166.336.195             12,47     16.633.619.500    Treasury shares

   Jumlah                                1.334.333.000            100,00    133.433.300.000    Total




                                                         Jumlah Saham/
                                                           Number of
                                                            Shares

     Saldo pada tanggal 31 Desember 2012 setelah                                Balance as of December 31, 2012 after
       perubahan nilai nominal menjadi Rp 100 per                                  change in par value Rp 100 per share
       lembar saham pada tanggal 25 Oktober 2012         1.000.000.000             on October 25, 2012
     Penerbitan saham pada tahun 2013                      334.333.000          Issuance of shares in 2013

     Saldo pada tanggal 31 Desember 2023 dan 2022        1.334.333.000          Balance as of December 31, 2023 and 2022

    Pada tanggal 31 Desember 2023 dan 2022, Grup                           As of December 31, 2023 and 2022, all of the
    telah mencatatkan seluruh sahamnya pada Bursa                          Group’s shares are listed in the Indonesia Stock
    Efek Indonesia. Seluruh saham yang diterbitkan                         Exchange. All shares issued by the Company
    oleh Perusahaan telah disetor penuh.                                   were fully paid.

    Perusahaan membeli kembali saham biasa yang                            The Company repurchased its ordinary shares
    diterbitkan melalui Bursa Efek Indonesia. Saham                        through Indonesian Stock Exchange. The shares
    tersebut dibukukan sebagai “Saham treasuri”.                           are held as “Treasury shares”. The Company has
    Perusahaan memiliki hak untuk menerbitkan                              the right to re-issue these shares at a later date.
    kembali saham-saham tersebut di kemudian hari.

                                                            Lembar saham/                     Harga/             Harga Perolehan
     Tanggal/ Date                                         Numb er of shares                   Price             Acqusition Cost/

     5 Oktober 2015/ Octob er 5, 2015                                 1.623.100                        1.003        1.627.969.300
     6 Oktober 2015/ Octob er 6, 2015                                34.136.000                        1.200       40.963.200.000
     20 Oktober 2015/ Octob er 20, 2015                               1.050.000                        1.030        1.081.500.000
     9 September 2016/ Septemb er 9, 2016                             3.890.000                          700        2.723.000.000
     22 September 2016/ Septemb er 22, 2016                           5.152.400                          505        2.601.962.000
     23 September 2016/ Septemb er 23, 2016                           1.033.500                          700          723.450.000
     1 April 2020/ April 1, 2020                                     42.818.495                          735       31.471.593.825
     26 Mei 2020/ May 26, 2020                                       76.632.700                          450       34.484.715.000
     Jumlah per 31 Desember 2022 / Total as
       of December 31, 2022                                        166.336.195                                    115.677.390.125

     18 Agustus 2023/ August 18, 2023                               (33.267.239)                        695       (23.135.478.025)
     21 Agustus 2023/ August 21, 2023                               (13.617.761)                        695        (9.470.380.465)
     Jumlah per 31 Desember 2023 / Total as
      of December 31, 2022                                         119.451.195                                     83.071.531.635




                                                         - 51 -
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PT ELECTRONIC CITY INDONESIA Tbk DAN                                         PT ELECTRONIC CITY INDONESIA Tbk AND
ENTITAS ANAK                                                                                          ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                  Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                     For the Years Ended
31 Desember 2023 dan 2022                                                                   December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                   (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                       unless Otherwise Stated)

      Pembelian kembali saham ini mengacu kepada                           This share repurchase referred to OJK Rule
      Peraturan OJK No. 2/POJK.04/2013 yang                                No. 2/POJK.04/2013 which allows share
      memungkinkan pembelian kembali saham paling                          repurchase at a maximum of 20% of paid-up
      banyak 20% dari modal disetor dalam hal terjadi                      capital when there is a significant fluctuative
      kondisi pasar yang berfluktuasi secara signifikan,                   market condition, after submitting information to
      setelah menyampaikan keterbukaan informasi                           OJK and the Indonesia Stock Exchange for
      kepada OJK dan Bursa Efek Indonesia.                                 transparency.

      Perusahaan telah melakukan penjualan saham                           The Company has sold treasury shares through
      treasuri melalui Bursa Efek Indonesia sebanyak                       the    Indonesia  Stock      Exchange totaling
      46.885.000 lembar saham dengan harga jual                            46,885,000 shares at a selling price of Rp 450 per
      sebesar Rp 450 per lembar saham.                                     share.

      Manajemen Permodalan                                                 Capital Management

      Tujuan utama dari pengelolaan modal Grup                             The primary objective of the Group’s capital
      adalah untuk memastikan bahwa Grup                                   management is to ensure that it maintains healthy
      mempertahankan rasio modal yang sehat dalam                          capital ratios in order to support its business and
      rangka mendukung bisnis dan memaksimalkan                            maximize shareholder value. The Group is not
      nilai pemegang saham. Grup tidak diwajibkan                          required to meet any capital requirements.
      untuk memenuhi syarat-syarat modal tertentu.

      Grup mengelola struktur modal dan membuat                            The Group manages its capital structure and
      penyesuaian       terhadap       struktur    modal                   makes adjustments to it, in light of changes in
      sehubungan dengan perubahan kondisi ekonomi.                         economic conditions. The Group monitors its
      Grup memantau modalnya dengan menggunakan                            capital using gearing ratios, by dividing net debt
      analisa gearing ratio (rasio utang terhadap modal),                  by total capital.
      yakni membagi utang bersih terhadap jumlah
      modal.


25.   Tambahan Modal Disetor                                         25.   Additional Paid-in Capital

      Akun ini merupakan tambahan modal disetor                            This account represents additional paid-in capital
      sehubungan dengan:                                                   in connection with:

                                                   2023                     2022

      Penambahan dari program
        pengampunan pajak                         4.333.212.500            4.333.212.500   Addition from tax amnesty program

      Agio sebagai hasil                                                                   Premium on stock from
        penawaran umum perdana saham          1.320.615.350.000       1.320.615.350.000      stock initial public offering
      Beban emisi saham                        (101.254.852.111)       (101.254.852.111)   Stock issuance cost
      Selisih penjualan saham tresuri                                                      Difference on sale of treasury shares
        (Catatan 24)                            (11.570.983.241)                       -   (Note 24)

      Saldo akhir                             1.212.122.727.148       1.223.693.710.389    Ending balance



      Agio saham yang berasal penawaran umum                               Premium on stock from stock initial public offering
      saham perdana sebanyak 334.333.000 lembar                            are from of 334,333,000 shares with a nominal
      saham dengan nilai nominal Rp 100 per lembar                         value of Rp 100 per share at a market price of
      saham pada harga pasar Rp 4.050 per lembar                           Rp 4,050 per share.
      saham.




                                                            - 52 -
Page 246
PT ELECTRONIC CITY INDONESIA Tbk DAN                                              PT ELECTRONIC CITY INDONESIA Tbk AND
ENTITAS ANAK                                                                                               ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                       Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                          For the Years Ended
31 Desember 2023 dan 2022                                                                        December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                        (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                            unless Otherwise Stated)

26.   Dividen Tunai                                                      26.    Cash Dividends

      Berdasarkan Keputusan Rapat Umum Pemegang                                 Based on the Decision of the General Meeting of
      Saham (RUPS) tanggal 27 Juli 2023 yaitu sebesar                           Shareholders (GMS) dated July 27 2023,
      Rp 5.839.984.025,- (lima miliar delapan ratus tiga                        Rp. 5,839,984,025,- (five billion eight hundred
      puluh sembilan juta sembilan ratus delapan puluh                          thirty-nine million nine hundred eighty-four
      empat ribu dua puluh lima rupiah) atau 47%                                thousand and twenty five rupiah) or 47% (forty-
      (empat puluh tujuh persen) dari laba tahun 2022,                          seven percent) of the Company's profit for 2022
      Perseroan digunakan untuk pembayaran dividen                              was used to pay cash dividends and was paid to
      tunai dan telah dibayarkan kepada seluruh                                 all shareholders on August 3, 2023.
      pemegang saham pada tanggal 3 Agustus 2023.


27.   Kepentingan Nonpengendali                                          27.    Non-Controlling Interests

      Akun ini merupakan bagian kepentingan                                     This account represents the share of
      nonpengendali atas aset bersih entitas anak,                              non-controlling stockholders in the net assets of
      dengan rincian sebagai berikut:                                           the Subsidiaries, with details as follows :

                                                                  2023
                                      PT Griya Pusaka           PT Elang
                                        Propertindo           Cakrawala Inti       Jumlah/Total

      Modal saham                        100.000.000              2.500.000            102.500.000        Capital stock
      Saldo laba (rugi)                    2.278.407            (29.502.265)           (27.223.858)       Retained earnings (deficit)

      Jumlah                             102.278.407            (27.002.265)            75.276.142        Total

                                                                  2022
                                      PT Griya Pusaka           PT Elang
                                        Propertindo           Cakrawala Inti       Jumlah/Total

      Modal saham                            100.000.000           2.500.000           102.500.000        Capital stock
      Saldo laba (rugi)                        1.491.283         (14.380.753)          (12.889.470)       Retained earnings (deficit)

      Jumlah                                 101.491.283         (11.880.753)           89.610.530        Total



28.   Pendapatan                                                         28.    Revenues

                                                       2023                     2022

      Penjualan barang elektronik bermerek        2.330.669.405.802      2.060.362.957.372        Sales of branded electronic products
      Sewa                                           97.244.341.444         96.161.995.862        Rent
      Komisi penjualan barang konsinyasi              1.114.411.136          1.655.830.865        Commission on sale of consigned goods
      Lain-lain                                      40.249.356.639         34.136.252.873        Others

      Jumlah                                      2.469.277.515.021      2.192.317.036.972        Total

      Pendapatan sewa merupakan sewa operasi atas                               Income from rent is from an operating lease for
      area untuk display barang elektronik dan                                  electronic goods display area and foodcourt.
      foodcourt.

      Komisi penjualan barang konsinyasi berkisar                               Commission on consignment sales ranges from
      antara 4,5% - 10,0% dari nilai penjualan.                                 4.5% - 10.0% of the sales amount.

      Lain-lain terdiri atas penjualan perpanjangan                             Others consist of sales of extended warranty,
      garansi, pendapatan pengiriman barang, serta                              delivery income, and revenues from billboard and
      papan reklame dan neon box.                                               neon box.




                                                                - 53 -
Page 247
PT ELECTRONIC CITY INDONESIA Tbk DAN                                     PT ELECTRONIC CITY INDONESIA Tbk AND
ENTITAS ANAK                                                                                      ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                              Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                 For the Years Ended
31 Desember 2023 dan 2022                                                               December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                               (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                   unless Otherwise Stated)

      Tidak terdapat pendapatan dari satu pihak yang                   There were no revenues from a certain party that
      melebihi 10% dari pendapatan.                                    exceed 10% of the revenues.


29.   Beban Pokok Penjualan                                      29.   Cost of Sales

                                               2023                    2022

      Saldo persediaan pada awal tahun      271.963.733.091        244.375.274.458     Inventories at beginning of the year
      Pembelian - bersih                  2.106.517.682.518      1.830.036.899.675     Purchases - net

      Barang tersedia untuk dijual        2.378.481.415.609      2.074.412.174.133     Goods available for sale
      Saldo persediaan pada akhir tahun    (323.837.826.868)      (271.963.733.091)    Inventories at the end of the year

      Beban pokok penjualan               2.054.643.588.741      1.802.448.441.042     Cost of sales

      Pembelian dari sepuluh pemasok terbesar                          Total purchases from top ten suppliers
      sebesar Rp 1.757.623.918.885 (83,44%) pada                       amounted to Rp 1,757,623,918,885 (83.44%) in
      tahun 2023 dan Rp 1.638.499.729.898 (89,53%)                     2023 and Rp 1,638,499,729,898 (89.53%) in
      pada tahun 2022, dari jumlah pembelian.                          2022, of the total purchases.

      Pada tanggal 31 Desember 2023, pembelian dari                    As of December 31, 2023 purchases from
      satu pihak yang melebihi 10% dari pendapatan                     PT      Samsung       Electronics  Indonesia,
      adalah pembelian dari PT Samsung Electronics                     PT Sharp Electronics Indonesia, and PT LG
      Indonesia, PT Sharp Electronics Indonesia, dan                   Electronics Indonesia exceeded 10% of the total
      PT LG Electronics Indonesia.                                     revenues.

      Pada tanggal 31 Desember 2022, pembelian dari                    As of December 31, 2022, purchases from PT LG
      satu pihak yang melebihi 10% dari pendapatan                     Electronics Indonesia, PT Samsung Electronics
      adalah pembelian dari PT LG Electronics                          Indonesia, PT Sharp Electronics Indonesia, and
      Indonesia, PT Samsung Electronics Indonesia,                     PT Sony Indonesia exceeded 10% of the total
      PT Sharp Electronics Indonesia, dan PT Sony                      revenues.
      Indonesia.


30.   Beban Usaha                                                30.   Operating Expenses

                                                2023                   2022

      Gaji dan tunjangan lainnya            118.766.012.639       111.884.873.617      Salaries and allowances
      Sewa dan jasa pelayanan                                                          Rent and service charges
         (Catatan 40)                        98.537.587.058         90.424.943.464        (Notes 40)
      Penyusutan aset tetap                                                            Depreciation of property and
         (Catatan 13)                        33.568.384.037         35.246.491.519        equipment (Note 13)
      Iklan dan promosi                      33.073.110.568         29.641.111.242     Advertising and promotion
      Depresiasi aset hak guna                                                         Depreciation of right of use
         (Catatan 14)                        25.485.375.827         25.764.773.680        assets (Note 14)
      Keamanan                               22.943.491.364         22.235.509.275     Security
      Telepon, listrik, dan air              17.512.947.968         16.265.450.382     Telephone, electricity, and water
      Transportasi dan pengiriman             8.443.986.240          5.663.669.626     Transportation and delivery
      Donasi                                  6.445.868.800         12.141.425.565     Donation
      Perbaikan dan pemeliharaan              7.200.039.483          7.446.849.590     Repairs and maintenance
      Pajak dan perijinan                     4.292.546.674          5.065.019.682     Taxes and licenses
      Jasa kebersihan                         3.475.550.297          3.634.001.105     Cleaning service
      Biaya kantor                            3.038.968.820          3.629.104.622     Office charges
      Asuransi                                1.339.095.053          1.164.304.892     Insurance
      Jasa profesional                        1.271.768.537          1.261.742.507     Professional fees
      Pelatihan karyawan                        570.349.877            305.866.595     Employee training
      Lain-lain                              10.825.259.707          5.601.030.393     Others

      Jumlah                                396.790.342.949       377.376.167.756      Total




                                                        - 54 -
Page 248
PT ELECTRONIC CITY INDONESIA Tbk DAN                                         PT ELECTRONIC CITY INDONESIA Tbk AND
ENTITAS ANAK                                                                                          ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                  Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                     For the Years Ended
31 Desember 2023 dan 2022                                                                   December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                   (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                       unless Otherwise Stated)

31.   Pendapatan (Beban) Lainnya - Bersih                           31.    Other Income (Expense) - Net
                                                 2023                     2022

      Penghasilan lain-lain                                                            Other income
        Penghasilan bunga                     2.992.654.876           2.468.219.178      Interest income
        Pendapatan pinalti                    1.350.403.472                     -        Penalty income
        Laba selisih kurs                               -             8.904.531.856      Gain on foreign exchange
        Imbalan kerja jangka panjang                    -               800.220.702      Long-term employee benefit
        Lain-lain                               232.972.250               1.325.150      Others
        Subjumlah                             4.576.030.598          12.174.296.886      Subtotal

      Beban lain-lain                                                                  Other expense
        Rugi selisih kurs                     (4.387.981.738)                    -       Loss on foreign exchange
        Cadangan kerugian penurunan
           piutang (Catatan 6)                (2.718.969.662)        (2.418.325.007)      Allowance for impairment (Note 6)
        Lain-lain                               (849.596.481)          (843.748.541)      Others
        Subjumlah                              7.956.547.120         (3.262.073.548)      Subtotal

      Jumlah Bersih                           (3.380.516.522)         8.912.223.338    Net



32.   Imbalan Kerja Jangka Panjang                                  32.    Long-term Employee Benefits

      Besarnya imbalan pasca kerja              dihitung                   The amount of post-employment benefits is
      berdasarkan ketentuan yang berlaku.                                  callculated based on the applicable provisions.

      Perhitungan aktuaria terakhir atas liabilitas                        The latest actuarial valuation upon the long-term
      imbalan kerja jangka panjang dilakukan oleh                          employee benefits liability was from Kantor
      Kantor Konsultan Aktuaria Setya Widodo, aktuaris                     Konsultan     Aktuaria    Setya    Widodo,     an
      independen, tertanggal 29 Februari 2024.                             independent actuary, dated February 29, 2024.

      Jumlah karyawan yang berhak atas imbalan kerja                       Number of eligible employees in 2023 and 2022 is
      jangka panjang tersebut di tahun 2023 dan 2022                       702 and 736 (unaudited), respectively.
      masing-masing sebanyak 702 dan 736 (tidak
      diaudit).

      Jumlah-jumlah yang diakui dalam Iaporan laba                         Amounts recognized in the consolidated
      rugi dan penghasilan komprehensif lain                               statement of profit or loss and other
      konsolidasian sehubungan dengan imbalan pasti                        comprehensive income in respect of this benefit
      adalah sebagai berikut:                                              plans follows:
                                                 2023                     2022
      Biaya jasa:                                                                      Service cost:
         Biaya jasa kini                      3.349.601.333           3.263.868.531      Current service costs
         Penyesuaian perubahan atribusi                                                  Adjustment due to change in attribution
            imbalan periode pensiun                     -            (6.956.970.562)         period of pension compensation
      Biaya bunga neto                        1.962.847.761           2.892.881.330    Net interest expense
      Komponen beban (pendapatan) imbalan                                              Components of defined benefit costs
         pasti yang diakui di laba rugi       5.312.449.094            (800.220.701)     (income) recognized in profit or loss

      Pengukuran kembali liabilitas imbalan                                            Remeasurement on the defined benefit
        pasti:                                                                           liability:
        Kerugian (keuntungan) aktuarial
          yang timbul dari:                                                              Actuarial loss (gains) arising from:
          Perubahan asumsi keuangan           (3.935.868.887)           716.830.302        Changes in financial assumptions
          Penyesuaian pengalaman               4.096.463.422         (9.971.677.908)       Experience adjustments

      Pendapatan (beban) imbalan pasti                                                 Defined benefit (loss) recognized
        yang diakui di penghasilan                                                       in other comprehensive
        komprehensif lain                       160.594.535          (9.254.847.606)     income

      Jumlah Bersih                           5.473.043.629         (10.055.068.307)   Net




                                                           - 55 -
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PT ELECTRONIC CITY INDONESIA Tbk DAN                                                 PT ELECTRONIC CITY INDONESIA Tbk AND
ENTITAS ANAK                                                                                                  ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                          Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                             For the Years Ended
31 Desember 2023 dan 2022                                                                           December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                           (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                               unless Otherwise Stated)

    Biaya jasa kini dan biaya bunga neto untuk tahun                              The current service cost and the net interest
    2023 disajikan sebagai bagian dari “Beban Usaha”                              expense for 2023 are included in the “Operating
    pada laba rugi (Catatan 30). Pendapatan imbalan                               expenses” in profit or loss (Note 30). Long-term
    pasti tahun 2022 disajikan dari bagian                                        employee benefits income in 2022 is presented as
    “Pendapatan (beban) lainnya - bersih“.                                        part of “Other income (expense) - Net”.

    Pengukuran kembali atas liabilitas imbalan pasti                              The remeasurement of the net defined benefit
    diakui dalam penghasilan komprehensif lain.                                   liability is included in other comprehensive
                                                                                  income.

    Mutasi nilai kini liabilitas imbalan pasti adalah                             Movements of present value of defined benefit
    sebagai berikut:                                                              obligation follows:

                                                        2023                     2022

    Saldo awal tahun                              27.102.546.992             38.316.309.000        Balance at the beginning of the year
    Biaya jasa kini                                3.349.601.333              3.263.868.531        Current service costs
    Biaya bunga                                    1.962.847.761              2.892.881.329        Interest cost
    Penyesuaian perubahan atribusi                                                                 Adjustment due to change in attribution
       imbalan periode pensiun                                       -        (6.956.970.562)         period of pension compensation
       Kerugian (keuntungan) aktuarial
         yang timbul dari:                                                                           Actuarial loss (gains) arising from:
         Perubahan asumsi keuangan                 (3.935.868.887)               716.830.302            Changes in financial assumptions
         Penyesuaian pengalaman                     4.096.463.422             (9.971.677.908)           Experience adjustments
    Pembayaran imbalan                               (389.266.300)            (1.158.693.700)      Benefits paid

    Saldo akhir tahun                             32.186.324.321             27.102.546.992        Balance at the end of the year


    Asumsi-asumsi aktuarial utama yang digunakan                                  Principal actuarial assumptions used                       in
    dalam perhitungan imbalan kerja jangka panjang:                               valuation of the long-term employee benefits:

                                                 2023                               2022
    Tingkat diskonto                         3,40% - 6,88%                      3,40% - 7,24%                Discount rate
    Tingkat kenaikan gaji                          3%                                5%                      Future salary increase
    Tingkat mortalita                            TMI-IV                            TMI '19                   Mortality rate
    Usia pensiun                                   56                                 56                     Retirement age
    Tingkat pengunduran diri         6% sampai dengan 29 tahun,          6% sampai dengan 29 tahun,          Resignation Rate
                                      3% dari umur 30 - 34 tahun,        3% dari umur 30 - 34 tahun,
                                        1,8% dari 35 - 39 tahun,         1,8% dari 35 - 39 tahun,
                                         1,2% dari 40 -51 tahun,         1,2% dari 40 -51 tahun,
                                         0,6% dari 52 - 53 tahun/        0,6% dari 52 -- 53 tahun
                                            6% up to age 29,                  6% up to age 29,
                                       3% from 30 - 34 years old,         3% from 30 - 34 years old,
                                     1,8% from 35 - 39 years old ,       1,8% from 35 - 39 years old ,
                                      1,2% from 40 -51 years old,        1,2% from 40 -51 years old,
                                      0,6% from 52 - 53 years old.       0,6% from 52 - 53 years old.




                                                                - 56 -
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PT ELECTRONIC CITY INDONESIA Tbk DAN                                                      PT ELECTRONIC CITY INDONESIA Tbk AND
ENTITAS ANAK                                                                                                       ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                               Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                  For the Years Ended
31 Desember 2023 dan 2022                                                                                December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                                (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                                    unless Otherwise Stated)

      Analisa sensitivitas dari perubahan asumsi-                                      The sensitivities of the overall long-term employee
      asumsi utama terhadap liabilitas imbalan kerja                                   benefit liabilities to changes in the weighted
      jangka panjang pada tanggal 31 Desember 2023                                     principal assumptions as of December 31, 2023
      dan 2022 adalah sebagai berikut:                                                 and 2022 follows:

                                                                31 Desember/December 31, 2023
                                                 Dampak kenaikan (penurunan) terhadap liabilitas imbalan pasti/
                                                    Impact on Increase (Decrease) of Defined Benefit Liability
                                           Perubahan asumsi/           Kenaikan asumsi/           Penurunan asumsi/
                                         Change in Assumptions     Increase in Assumptions     Decrease in Assumptions

      Tingkat diskonto                            1%                        (2.326.462.544)             2.627.006.795     Discount rate
      Tingkat kenaikan gaji masa depan            1%                         2.684.615.535             (2.413.170.252)    Future salary incremental rate

                                                                31 Desember/December 31, 2022
                                                 Dampak kenaikan (penurunan) terhadap liabilitas imbalan pasti/
                                                    Impact on Increase (Decrease) of Defined Benefit Liability
                                           Perubahan asumsi/           Kenaikan asumsi/           Penurunan asumsi/
                                         Change in Assumptions     Increase in Assumptions     Decrease in Assumptions

      Tingkat diskonto                            1%                        (2.234.332.476)             2.528.747.677     Discount rate
      Tingkat kenaikan gaji masa depan            1%                         2.537.388.481             (2.276.179.582)    Future salary incremental rate



33.   Pajak Penghasilan                                                         33.    Income Tax

      a.     Beban (manfaat) pajak terdiri dari:                                        a. The tax expense (benefit) consist of the
                                                                                           following:

                                                              2023                       2022

             Beban pajak kini                                                                               Current tax expense
               Perusahaan                                               -                          -          The Company
               Entitas anak                                             -                          -          Subsidiaries
                Subjumlah                                               -                          -           Subtotal

             Pajak tangguhan                                                                                Deferred tax
               Perusahaan                                    162.493.226               (542.075.461)          The Company
               Entitas anak                                          -                          -             Subsidiaries

                Subjumlah                                    162.493.226               (542.075.461)           Subtotal

             Jumlah                                          162.493.226               (542.075.461)        Total




                                                                      - 57 -
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PT ELECTRONIC CITY INDONESIA Tbk DAN                                    PT ELECTRONIC CITY INDONESIA Tbk AND
ENTITAS ANAK                                                                                     ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                             Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                For the Years Ended
31 Desember 2023 dan 2022                                                              December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                              (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                  unless Otherwise Stated)

    b.   Pajak Kini                                                    b. Current Tax

         Rekonsiliasi antara laba sebelum pajak                             A reconciliation between profit before tax
         penghasilan menurut laporan laba rugi dan                          per consolidated statements of profit or loss
         penghasilan komprehensif lain konsolidasian                        and other comprehensive income and
         dengan akumulasi rugi fiskal adalah sebagai                        accumulated fiscal losses follows:
         berikut:

                                                      2023                2022

         Laba sebelum pajak menurut                                                      Profit before tax per consolidated
            laporan laba rugi dan penghasilan                                              statements of profit or loss and
            komprehensif lain konsolidasian       13.209.809.767      11.879.356.150       other comprehensive income
         Ditambah: rugi sebelum pajak                                                    Add: loss before tax of
             entitas anak                         (1.000.428.306)     (1.604.186.998)       the subsidiaries
         Laba sebelum pajak Perusahaan            14.210.238.073      13.483.543.148     Profit before tax of the Company

         Perbedaan temporer:                                                             Temporary differences:
           Sewa pembiayaan                           5.661.788.362        939.593.000      Capital lease
           Imbalan kerja jangka panjang            (4.923.182.794)     (1.958.914.402)     Long-term employee benefits
         Jumlah                                       738.605.568      (1.019.321.402)   Total

         Perbedaan tetap:                                                                Permanent differences:
           Jamuan                                   7.008.421.153     12.807.111.387       Entertainment
           Pendapatan bunga yang telah                                                     Interest income subjected
             dikenakan pajak final                (10.275.023.423)     (3.967.118.659)        to final tax
           Pendapatan sewa yang
             telah dikenakan pajak                                                         Rent income subjected
             penghasilan final                    (97.244.341.444)    (72.968.366.750)       to final tax
           Cadangan kerugian penurunan
             Piutang                                2.718.969.662       2.418.325.007      Allowance for impairment
           Lainnya                                  1.787.446.523       3.127.916.309      Others
         Jumlah                                   (96.004.527.529)    (58.582.132.706)   Total

         Rugi fiskal tahun berjalan               (81.055.683.888)    (46.117.910.960)   Fiscal loss during the year

         Kompensasi rugi fiskal                                                          Fiscal loss compensation
           Tahun 2022                             (46.117.910.960)                  -       Year 2022
           Tahun 2021                             (79.837.709.003)    (79.837.709.003)      Year 2021
           Tahun 2020                             (98.500.897.549)    (98.500.897.549)      Year 2020
           Tahun 2019                             (64.733.888.835)    (64.733.888.835)      Year 2019
           Tahun 2018                                           -     (44.123.484.282)      Year 2018

         Penyesuaian rugi fiskal sesuai dengan                                           Adjustment to fiscal loss based on
           SKP                                                                             tax assessment
           Tahun 2021                             25.014.444.954                   -       Year 2021
           Tahun 2020                             59.658.003.427      29.629.514.562       Year 2020
           Tahun 2019                              5.669.026.020      49.930.577.042       Year 2019
           Tahun 2018                                          -      25.485.396.248       Year 2018

         Akumulasi rugi fiskal                   (279.904.615.834)   (228.268.402.777)   Accumulated fiscal losses



         Perusahaan menerima Surat Ketetapan                                The      Company         received     Tax
         Pengembalian    Kelebihan    Pembayaran                            Overpayment        Assessment       Letter
         Pajak No. KEP-0081/PPH/KPP.0708/2023                               No. KEP-0081/PPH/KPP.0708/2023 dated
         tanggal     2     Mei       2023     dan                           May          2,         2023          and
         KEP-00888/NKEB/PJ/WPJ.07/2023 tanggal                              No.    KEP-00888/NKEB/PJ/WPJ.07/2023
         4 Mei 2023 dari Direktorat Jenderal Pajak                          dated May 04, 2023 from Directorate
         atas Pajak Penghasilan Badan untuk tahun                           General of Taxes for Corporate Income Tax
         2021 sebesar Rp 8.641.709.266. Pada                                year 2021 amounting to Rp 8,641,709,266.
         tangal 8 Mei 2023 dan 13 Juni 2023,                                On May 8, 2023 and June 13, 2023, the
         Perusahaan telah menerima pengembalian                             Company received the refund.
         dana tersebut.




                                                         - 58 -
Page 252
PT ELECTRONIC CITY INDONESIA Tbk DAN                                                                  PT ELECTRONIC CITY INDONESIA Tbk AND
ENTITAS ANAK                                                                                                                   ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                                           Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                              For the Years Ended
31 Desember 2023 dan 2022                                                                                            December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                                            (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                                                unless Otherwise Stated)

         Perusahaan menerima Surat Ketetapan                                                                 The       Company        received     Tax
         Pengembalian      Kelebihan     Pembayaran                                                          Overpayment        Assessment       Letter
         Pajak No. KEP-00179/PPN/KPP.0708/2023                                                               No.     KEP-00017981/PPN/KPP.0708/2023
         tanggal 09 Juni 2023 dari Direktorat Jenderal                                                       dated June 09, 2023 from Directorate
         Pajak atas pajak pertambahan nilai untuk                                                            General of Taxes for income tax year 2020
         tahun 2019 sebesar Rp 6.595.342.672.                                                                amounting to Rp 6,595,342,672. On
         Pada tangal 13 Juni 2023, Perusahaan telah                                                          June 13, 2023, the Company received the
         menerima pengembalian dana tersebut.                                                                refund.

         Pada tanggal 7 Oktober 2021, Dewan                                                                  On October 7, 2021, the House of
         Perwakilan Rakyat Republik Indonesia                                                                Representatives of the Republic of
         mengesahkan Undang-Undang Harmonisasi                                                               Indonesia passed the Law on the
         Peraturan Perpajakan, yang antara lain                                                              Harmonization of Tax Regulations, which
         menetapkan tarif pajak penghasilan badan                                                            stipulates a corporate income tax rate of
         sebesar 22% untuk tahun pajak 2022 dan                                                              22% for the fiscal year 2022 onwards,
         seterusnya.                                                                                         among others.

         Rugi fiskal Perusahaan tahun 2022 sesuai                                                            The fiscal lossess of the Company in 2022
         dengan Surat Pemberitahuan Tahunan                                                                  are in accordance with the corporate income
         (SPT) yang disampaikan Grup kepada                                                                  tax returns filed with the Tax Service Office.
         Kantor Pelayanan Pajak.

    c.   Pajak Tangguhan                                                                         c.          Deferred Tax

         Rincian aset pajak tangguhan Grup adalah                                                            The details of the Group’s deferred tax
         sebagai berikut:                                                                                    assets follows:
                                                                        Dikreditkan (dibebankan) ke/
                                                                           Credited (charged) to
                                                                                             Penghasilan
                                                                                          komprehensif lain/
                                             1 Januari 2023/                             Other comprehensive      31 Desember 2023/
                                             January 1, 2023         Laba rugi                  income            December 31, 2023

         Liabilitas imbalan kerja jangka
           panjang                                5.962.560.323        1.083.100.214              35.330.798            7.080.991.335      Long-term employee benefits liability
         Liabilitas sewa pembiayaan              (5.633.456.014)      (1.245.593.440)                    -             (6.879.049.454)     Lease liabilities

         Aset Pajak Tangguhan - Bersih             329.104.309         (162.493.226)              35.330.798             201.941.881       Deferred tax asests - Net

                                                                      Dikreditkan (dibebankan) ke/
                                                                         Credited (charged) to
                                                                                           Penghasilan
                                                                                        komprehensif lain/
                                           1 Januari 2022/                             Other comprehensive      31 Desember 2022/
                                           January 1, 2022         Laba rugi                  income            December 31, 2022

         Liabilitas imbalan kerja jangka
           panjang                             7.663.261.800         335.365.001           (2.036.066.478)           5.962.560.323       Long-term employee benefits liability
         Liabilitas sewa pembiayaan           (5.840.166.474)        206.710.460                      -             (5.633.456.014)      Lease liabilities

         Aset Pajak Tangguhan - Bersih         1.823.095.326         542.075.461           (2.036.066.478)             329.104.309       Deferred tax assets - Net




         Perusahaan tidak mengakui aset pajak                                                    The deferred tax assets on unused fiscal losses
         tangguhan dari rugi fiskal masing-masing                                                amounting       to    Rp     61,579,015,483      and
         sebesar       Rp      61.579.015.483     dan                                            Rp 50,219,048,611 as of December 31, 2023 and
         Rp     50.219.048.611        pada     tanggal                                           2022, respectively, was not recognized since
         31 Desember 2023 dan 2022, karena                                                       management believes that it is not probable that
         manajemen berpendapat bahwa tidak                                                       sufficient future taxable income will be available to
         terdapat keyakinan bahwa Perusahaan akan                                                fully benefit from deferred tax asset on unused
         memperoleh laba kena pajak yang memadai                                                 fiscal losses.
         untuk memungkinkan aset pajak tangguhan
         atas rugi fiskal tersebut dapat dimanfaatkan.




                                                                            - 59 -
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PT ELECTRONIC CITY INDONESIA Tbk DAN                                            PT ELECTRONIC CITY INDONESIA Tbk AND
ENTITAS ANAK                                                                                             ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                     Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                        For the Years Ended
31 Desember 2023 dan 2022                                                                      December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                      (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                          unless Otherwise Stated)

            Rekonsiliasi antara jumlah penghasilan                           A reconciliation between the total tax (expense)
            (beban) pajak dan hasil perkalian rugi                           benefit and the amounts computed by applying
            akuntansi sebelum pajak dengan tarif pajak                       the effective tax rates to profit before tax follows:
            yang berlaku adalah sebagai berikut:

                                                        2023                     2022

                                                                                                 Profit before tax per
            Laba sebelum pajak menurut                                                              consolidated statements of profit or
               laporan laba rugi dan penghasilan                                                    loss and other comprehensive
               komprehensif lain konsolidasian       13.209.809.767           11.879.356.150        income
            Ditambah: rugi sebelum                                                               Add: loss before tax of
               pajak entitas anak                    (1.000.428.306)          (1.604.187.006)       the subsidiaries
            Laba sebelum pajak Perusahaan            14.210.238.073           13.483.543.156     Profit before tax of the Company
            Beban pajak dengan tarif yang berlaku     3.126.252.376            2.966.379.494     Tax expense at effective tax rate

            Pengaruh pajak atas perbedaan tetap:                                                 Tax effect of permanent differences:
              Jamuan                                  1.541.852.654            2.817.564.505       Entertainment
              Pendapatan bunga yang telah                                                          Interest income subjected to
                 dikenakan pajak final               (2.260.505.153)            (872.766.105)         final tax
              Pendapatan sewa yang
                 telah dikenakan pajak                                                              Rent income subjected
                 penghasilan final                  (21.393.755.118)         (16.053.040.685)         to final tax
              Cadangan Kerugian Penurunan
                 Piutang                                598.173.326              532.031.502       Allowance for impairment
              Lainnya                                   393.238.234              688.141.587       Others
            Bersih                                  (21.120.996.057)         (12.888.069.196)    Net
            Penyesuaian pajak tangguhan                           -              317.824.752     Adjustment on deferred tax
            Pajak tangguhan atas rugi fiskal                                                     Unrecognized deferred tax asset on
              tahun berjalan yang tidak diakui       17.832.250.455           10.145.940.411       fiscal loss

            (Beban) manfaat pajak tangguhan            (162.493.226)            542.075.461      Deferred tax (expense) benefit



34.   Laba Per Saham                                                   34.   Earnings Per Share

      Perhitungan laba per saham dasar berdasarkan                           The computation of basic earnings per share is
      pada informasi berikut:                                                based on the following data:

                                                       2023                     2022

                                                                                                Weighted average number of ordinary
      Rata-rata tertimbang saham biasa untuk                                                      shares for computation of basic
        perhitungan laba per saham dasar             1.185.273.239            1.209.207.870       earnings per share

      Laba bersih teratribusikan kepada                                                         Profit attributable to owners
        pemegang saham Perusahaan                   13.061.650.929           12.435.795.169        of the Parent Company

      Laba per saham dasar                                     11                       10      Basic earnings per share



35.   Cadangan Umum                                                    35.   General Reserve

      Pada tahun 2023, Perusahaan telah menyisihkan                          In 2023, the Company has set aside a general
      cadangan umum sebesar Rp 1.000.000.000                                 reserve of Rp 1,000,000,000 based on the Annual
      berdasarkan Rapat Umum Pemegang Saham                                  General Shareholder’s Meeting dated June 27,
      Tahunan tanggal 27 Juni 2023.                                          2023.




                                                           - 60 -
Page 254
PT ELECTRONIC CITY INDONESIA Tbk DAN                                                                    PT ELECTRONIC CITY INDONESIA Tbk AND
ENTITAS ANAK                                                                                                                     ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                                             Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                                For the Years Ended
31 Desember 2023 dan 2022                                                                                              December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                                              (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                                                  unless Otherwise Stated)

      Cadangan umum tersebut dibentuk sehubungan                                                   This general reserve was provided in relation with
      dengan ketentuan dalam Undang-Undang                                                         the Law of Republic of Indonesia No. 40 year 2007
      Republik Indonesia No. 40 Tahun 2007 tentang                                                 regarding Limited Liability Company, which requires
      Perseroan     Terbatas,   yang    mewajibkan                                                 companies to set up general reserve equivalent to at
      perusahaan untuk membentuk cadangan umum                                                     least 20% of the total issued and paid up capital.
      sedikitnya 20% dari jumlah modal ditempatkan                                                 There is no timeline over which this amount should
      dan disetor. Tidak terdapat batas waktu yang                                                 be appropriated.
      ditetapkan atas pemenuhan kewajiban tersebut.


36.   Sifat dan Transaksi Hubungan Berelasi                                                36.     Nature of Relationship and Transactions with
                                                                                                   Related Parties

      Sifat Pihak Berelasi                                                                         Nature of Relationship

      Perusahaan yang sebagian pemegang saham                                                       The companies which have partly the same
      dan pengurus atau manajemen kunci sama                                                        stockholders and key management personnel as
      dengan Grup yakni PT Danapati Abinaya                                                         the Group are PT Danapati Abinaya Investama,
      Investama, PT Danayasa Arthatama Tbk,                                                         PT       Danayasa        Arthatama       Tbk,
      PT      Graha     Karunia      Trading dan                                                    PT     Graha      Karunia      Trading   and
      PT Bank Artha Graha International Tbk.                                                        PT Bank Artha Graha International Tbk.

      Transaksi dengan Pihak Berelasi                                                              Transactions with Related Parties

      Dalam kegiatan usahanya, Grup melakukan                                                      In the normal course of business, the Group
      transaksi tertentu dengan pihak-pihak berelasi,                                              entered into certain transactions with related
      yang meliputi antara lain:                                                                   parties involving the following:

      a.   Pembelian persediaan tertentu kepada pihak                                              a.        Purchase of certain inventories from its
           berelasi.                                                                                         related parties.

      b.   Rincian transaksi dengan pihak berelasi                                                 b.        The accounts involving transactions with
           adalah sebagai berikut:                                                                           related parties are as follows:

                                                                                                    Persentase terhadap jumlah
                                                                                                  Aset/Liabilitas yang bersangkutan/
                                                                                                     Percentage to Respective
                                                                                                        Total Assets/Liabilities
                                                             2023              2022                   2023                   2022
                                                                                                        %                      %

           Aset                                                                                                                           Assets
              Kas dan setara kas                                                                                                             Cash and cash equivalents
                 PT Bank Artha Graha International Tbk   155.892.772.930   146.239.456.688                  9,18                8,39             PT Bank Artha Graha International Tbk
              Piutang pihak berelasi                                                                                                         Due from related parties
                 PT Danapati Abinaya Investama            18.241.079.278    18.241.079.278                  1,07                1,05             PT Danapati Abinaya Investama
                 PT Graha Karunia Trading                  3.501.700.419               -                    0,21                 -               PT Graha Karunia Trading

              Subjumlah                                   21.742.779.697    18.241.079.278                  1,28                1,05         Subtotal

           Liabilitas                                                                                                                     Liabilities
              Utang usaha                                                                                                                    Trade Payable
                   PT Graha Karunia Trading                    6.164.315               -                    0,00                 -                 PT Graha Karunia Trading
              Utang lain-lain                                                                                                                Other accounts payable
                   PT Graha Karunia Trading                1.948.735.000     2.300.861.738                  0,37                0,45               PT Graha Karunia Trading


                                                                                                 Persentase terhadap jumlah Pendapatan/
                                                                                                       Beban yang bersangkutan/
                                                                                                   Percentage to Respective Total
                                                                                                        Revenues/Expenses
                                                             2023              2022                   2023               2022
                                                                                                       %                   %
           Beban pokok penjualan                                                                                                     Cost of sales
              PT Graha Karunia Trading                     1.948.735.000      286.576.264                   0,09                0,02   PT Graha Karunia Trading
           Beban usaha                                                                                                               Operating expenses
              Sewa dan jasa pelayanan                                                                                                  Rent and service charge
                 PT Danayasa Arthatama Tbk                 1.119.624.761     1.081.342.463                  0,28                0,29       PT Danayasa Arthatama Tbk

                                                           3.068.359.761     1.367.918.727                  0,38                0,30




                                                                             - 61 -
Page 255
PT ELECTRONIC CITY INDONESIA Tbk DAN                                                                     PT ELECTRONIC CITY INDONESIA Tbk AND
ENTITAS ANAK                                                                                                                      ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                                              Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                                 For the Years Ended
31 Desember 2023 dan 2022                                                                                               December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                                               (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                                                   unless Otherwise Stated)

      c.   Imbalan yang diberikan kepada direksi dan                                                c.      The compensation for directors and key
           anggota manajemen kunci lainnya adalah                                                           management personnel follows:
           sebagai berikut:

                                                                                  2023
                                                             Direksi/                       Dewan Komisaris/
                                                            Directors                    Board of Commissioners
                                                                     Jumlah/                           Jumlah/
                                                  %                  Amount               %            Amount



           Gaji dan imbalan kerja jangka pendek        92         6.046.700.000                85         2.844.600.000   Salaries and other short-term employee benefits
           Imbalan kerja jangka panjang                 8           525.800.000                15           501.988.235   Long-term employee benefits

           Jumlah                                     100         6.572.500.000             100           3.346.588.235   Total



                                                                                  2022
                                                             Direksi/                       Dewan Komisaris/
                                                            Directors                    Board of Commissioners
                                                                     Jumlah/                           Jumlah/
                                                  %                  Amount               %            Amount


           Gaji dan imbalan kerja jangka pendek       92          5.887.200.000                85         2.692.800.000   Salaries and other short-term employee benefits
           Imbalan kerja jangka panjang                8            511.930.435                15           475.200.000   Long-term employee benefits

           Jumlah                                     100         6.399.130.435             100           3.168.000.000   Total



37.   Tujuan dan Kebijakan Manajemen Risiko                                              37.        Financial Risk Management Objectives and
      Keuangan                                                                                      Policies

      Aktivitas Grup terpengaruh berbagai risiko                                                    The Group’s activities are exposed to a variety of
      keuangan: risiko kredit dan risiko likuiditas.                                                financial risks: credit risk and liquidity risk. The
      Program manajemen risiko Grup secara                                                          Group’s overall risk management programme
      keseluruhan difokuskan pada pasar keuangan                                                    focuses on the unpredictability of financial
      yang tidak dapat diprediksi dan Grup berusaha                                                 markets and seeks to minimize potential adverse
      untuk meminimalkan dampak yang berpotensi                                                     effects on the Group’s financial performance.
      merugikan kinerja keuangan Grup.

      Manajemen risiko merupakan tanggung jawab                                                     Risk management is the responsibility of the
      Direksi. Direksi bertugas menentukan prinsip                                                  Board of Directors (BOD). The BOD has the
      dasar kebijakan manajemen risiko Grup secara                                                  responsibility to determine the basic principles of
      keseluruhan serta kebijakan pada area tertentu                                                the Group’s risk management as well as principles
      seperti risiko mata uang asing, risiko suku bunga,                                            covering specific areas, such as foreign exchange
      risiko kredit, penggunaan instrumen keuangan                                                  risk, interest rate risk, credit risk, the use of
      derivatif dan instrumen keuangan non-derivatif                                                derivative financial instruments and the
      dan investasi atas kelebihan likuiditas.                                                      investment of excess liquidity.




                                                                               - 62 -
Page 256
PT ELECTRONIC CITY INDONESIA Tbk DAN                                   PT ELECTRONIC CITY INDONESIA Tbk AND
ENTITAS ANAK                                                                                    ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                            Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                               For the Years Ended
31 Desember 2023 dan 2022                                                             December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                             (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                 unless Otherwise Stated)

    Risiko Kredit                                                  Credit Risk

    Risiko kredit dikelola berdasarkan kelompok,                   Credit risk is managed on a group basis except for
    kecuali risiko kredit sehubungan dengan saldo                  credit risk relating to accounts receivable
    piutang. Setiap entitas bertanggung jawab                      balances. Each entity is responsible for managing
    mengelola dan menganalisa risiko kredit                        and analysing the credit risk for each of their new
    pelanggan       baru    sebelum       persyaratan              clients before standard payment and delivery
    pembayaran dan distribusi ditawarkan. Risiko                   terms and conditions are offered. Credit risk arises
    kredit timbul dari kas dan setara kas, instrumen               from cash and cash equivalents, derivative
    keuangan derivatif, investasi pada surat berharga              financial instruments, investment in debt
    utang dan deposito berjangka di bank dan                       securities and deposits with banks and financial
    lembaga keuangan, maupun risiko kredit yang                    institutions, as well as credit exposures to
    timbul dari pelanggan grosir dan ritel, termasuk               wholesale and retail customers, including
    piutang yang belum dibayar dan transaksi yang                  outstanding      receivables      and      committed
    mengikat. Untuk bank dan lembaga keuangan,                     transactions. For banks and financial institutions,
    hanya yang secara independen dinilai dengan                    only independently rated parties with a minimum
    peringkat minimum “Z” yang diterima. Jika                      rating of “Z” are accepted. If wholesale customers
    pelanggan grosir dinilai secara independen,                    are independently rated, these ratings are used. If
    peringkat ini yang digunakan. Jika tidak terdapat              there is no independent rating, risk control
    peringkat independen, bagian pengendalian risiko               assesses the credit quality of the customer, taking
    menilai kualitas kredit pelanggan dengan                       into account its financial position, past experience
    mempertimbangkan           posisi      keuangan,               and other factors. Individual risk limits are set
    pengalaman masa lampau dan faktor lainnya.                     based on internal or external ratings in
    Limit risiko individu ditentukan berdasarkan                   accordance with limits set by the board. The
    peringkat internal dan eksternal sesuai dengan                 utilization of credit limits is regularly monitored.
    batasan yang ditentukan Direksi. Penggunaan                    Sales to retail customers are settled in cash or
    limit kredit secara teratur diamati. Penjualan                 using major credit cards.
    kepada pelanggan ritel diselesaikan dengan kas
    atau menggunakan kartu kredit.

    Tidak ada limit kredit yang dilampaui selama                   No credit limits were exceeded during the
    periode pelaporan dan manajemen tidak                          reporting period, and management does not
    mengharapkan kerugian dari kegagalan pihak-                    expect any losses from non-performance by these
    pihak dalam melunasi utangnya                                  counterparties.

    Grup melakukan penilaian atas kualitas kredit dari             Accordingly, the Company has assessed the
    beberapa aset keuangan berikut:                                credit quality of the following financial assets:

    •    Kas dan setara kas dinilai memiliki peringkat             •     Cash and cash equivalents are assessed as
         baik karena ditempatkan pada bank yang                          high grade since those are deposited in
         bereputasi baik dan disetujui oleh Direksi                      reputable banks as approved by the
         serta memiliki kemungkinan insolvensi yang                      Directors and which have a low probability of
         rendah.                                                         insolvency.
    •    Piutang usaha dan piutang lain-lain                       •     Trade accounts receivable and other
         merupakan piutang yang jatuh tempo dan                          accounts receivable which pertain to
         dapat ditagih, dinilai memiliki peringkat baik                  receivables that are due and demandable,
         karena mempunyai tingkat pelunasan                              were assessed as high grade since these
         ketertagihan yang tinggi berdasarkan                            have high probability of collection through
         pengalaman historis dan penagihan terakhir.                     application of last billings and based on
                                                                         historical experience.
    •    Selain itu, kualitas kredit yang tinggi                   •     Further, the above high grade credit quality
         di atas berkaitan dengan aset keuangan                          pertain to financial assets with insignificant
         dengan risiko gagal bayar yang tidak                            risk of default based on historical
         signifikan berdasarkan pengalaman historis.                     experience.




                                                          - 63 -
Page 257
PT ELECTRONIC CITY INDONESIA Tbk DAN                                                   PT ELECTRONIC CITY INDONESIA Tbk AND
ENTITAS ANAK                                                                                                    ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                            Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                               For the Years Ended
31 Desember 2023 dan 2022                                                                             December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                             (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                                 unless Otherwise Stated)

    Berikut adalah eksposur maksimum terhadap                                       The table below shows the maximum exposure to
    risiko kredit untuk komponen laporan posisi                                     credit risk for the component of the consolidated
    keuangan      konsolidasian pada    tanggal                                     statements of financial position as of December
    31 Desember 2023 dan 2022.                                                      31, 2023 and 2022.

                                                        2023                        2022

    Aset keuangan pada biaya perolehan
      diamortisasi                                                                                 Financial assets at amortized cost
          Kas dan setara kas *)                     297.604.680.201          351.683.395.746          Cash and cash equivalents *)
          Piutang usaha                              57.542.460.115           25.250.638.494          Trade accounts receivable
          Piutang lain-lain                          14.436.092.491           14.137.962.426          Other accounts receivable
          Piutang pihak berelasi                     21.742.779.697           18.241.079.278          Due from related parties
          Aset lain-lain                             43.940.217.830           29.639.960.484          Other assets
    Aset keuangan pada nilai wajar
      melalui komprehensif lain                                                                    At fair value through other comprehensive
          Investasi jangka pendek                                                                     Short term investments
             Investasi lain                         116.016.796.278          200.642.375.220              Other investment

    Jumlah                                          551.283.026.612          639.595.411.648       Total

    *) Tidak termasuk kas dan unit sharia/Not include cash on hand and Sharia unit

    Risiko Likuiditas                                                               Liquidity Risk

    Risiko likuiditas adalah risiko kerugian yang timbul                            Liquidity risk is a risk arising when the cash flow
    karena Grup tidak memiliki arus kas yang cukup                                  position of the Group is not enough to cover
    untuk memenuhi liabilitasnya.                                                   the liabilities which become due.

    Dalam pengelolaan risiko likuiditas, manajemen                                  In managing the liquidity risk, management
    memantau dan menjaga jumlah kas dan setara                                      monitors and maintains a level of cash and
    kas yang dianggap memadai untuk membiayai                                       cash equivalents deemed adequate to finance the
    operasional Grup dan untuk mengatasi dampak                                     Group’s operations and to mitigate the effects of
    fluktuasi arus kas. Manajemen juga melakukan                                    fluctuation in cash flows. Management also
    evaluasi berkala atas proyeksi arus kas dan                                     regularly evaluates the projected and actual
    arus kas aktual, termasuk jadwal jatuh tempo                                    cash flows, including loan maturity profiles, and
    utang, dan terus-menerus melakukan penelaahan                                   continuously assesses conditions in the financial
    pasar keuangan untuk mendapatkan sumber                                         markets for opportunities to obtain optimal funding
    pendanaan yang optimal.                                                         sources.

    Tabel di bawah ini menganalisa liabilitas                                       The table below analyzes the Group’s financial
    keuangan Grup dan liabilitas keuangan derivatif                                 liabilities and net-settled derivative financial
    yang     diselesaikan    secara      neto   yang                                liabilities into relevant maturity groupings based
    dikelompokkan berdasarkan periode yang tersisa                                  on the remaining period to the contractual maturity
    sampai dengan tanggal jatuh tempo kontraktual.                                  date. The amounts disclosed in the table are the
    Jumlah yang diungkapkan dalam tabel merupakan                                   contractual undiscounted cash flows.
    arus kas kontraktual yang tidak didiskontokan:

                                                                          2023
                                    <= 1 tahun/           > 1 tahun/               Jumlah/          Nilai Tercatat/
                                    <= 1 Year             > 1 Year                  Total           As Reported

    Liabilitas                                                                                                        Other financial liabilities
    Utang usaha                   421.838.376.957                   -            421.838.376.957    421.838.376.957     Trade accounts payable
    Utang lain-lain                 8.414.344.832                   -              8.414.344.832      8.414.344.832     Other accounts payable
    Beban akrual                   15.604.029.179                   -             15.604.029.179     15.604.029.179     Accrued expenses
    Liabilitas sewa pembiayaan     14.139.890.033        18.667.594.453           32.807.484.486     29.272.286.321     Lease liabilities
    Setoran jaminan                             -         2.148.849.112            2.148.849.112      2.148.849.112     Security deposits

    Jumlah                        459.996.641.001        20.816.443.565          480.813.084.566    477.277.886.401   Total




                                                                 - 64 -
Page 258
PT ELECTRONIC CITY INDONESIA Tbk DAN                                                                                   PT ELECTRONIC CITY INDONESIA Tbk AND
ENTITAS ANAK                                                                                                                                    ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                                                            Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                                               For the Years Ended
31 Desember 2023 dan 2022                                                                                                             December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                                                             (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                                                                 unless Otherwise Stated)

                                                                                                2022
                                                    <= 1 tahun/                 > 1 tahun/                     Jumlah/               Nilai Tercatat/
                                                    <= 1 Year                   > 1 Year                        Total                As Reported

      Liabilitas                                                                                                                                             Other financial liabilities
      Utang usaha                                 426.798.748.602                         -               426.798.748.602           426.798.748.602            Trade accounts payable
      Utang lain-lain                               7.542.113.966                         -                 7.542.113.966             7.542.113.966            Other accounts payable
      Beban akrual                                 11.802.218.590                         -                11.802.218.590            11.802.218.590            Accrued expenses
      Liabilitas sewa pembiayaan                   10.275.522.953              11.569.601.841              21.845.124.794            19.656.033.157            Lease liabilities
      Setoran jaminan                                           -               1.936.313.657               1.936.313.657             1.936.313.657            Security deposits

      Jumlah                                      456.418.604.111              13.505.915.498             469.924.519.609           467.735.427.972          Total



38.   Segmen Operasi                                                                                  38.         Operating Segments

      Segmen operasi dilaporkan sesuai dengan                                                                     Operating segments are reported in accordance
      pelaporan internal kepada pembuat keputusan                                                                 with the internal reporting provided to the chief
      operasional, yang bertanggung jawab atas alokasi                                                            operating decision maker, which is responsible for
      sumber daya ke masing-masing segmen yang                                                                    allocating resources to the reportable segments
      dilaporkan serta menilai kinerja masing-masing                                                              and assesses its performance. The Group has
      segmen tersebut. Grup memiliki tiga segmen yang                                                             three reportable segments including sales of
      dilaporkan, meliputi penjualan barang elektronik                                                            branded electronic goods, rents, and others.
      bermerek, sewa, dan lain-lain.

                                                                                             2023
                                                    Penjualan
                                                      Barang
                                               Elektronik Bermerek/
                                                 Sales of Branded
                                                     Electronic               Sewa/                  Lain-lain/              Konsolidasian/
                                                      Goods                   Rent                    Others                 Consolidated

                                                                                                                                                       Consolidated Statement of Profit or
      Laporan Laba Rugi dan Penghasilan                                                                                                                  Loss and Other Comprehensive
        Komprehensif Lain Konsolidasian                                                                                                                  Income
      Pendapatan usaha - pihak eksternal         2.331.783.816.938        97.244.341.444             40.249.356.639          2.469.277.515.021         Revenues - external parties
      Beban pokok penjualan                      2.054.643.588.741                   -                          -            2.054.643.588.741         Cost of sales
      Hasil segmen                                                                                                                                     Segment results
        Laba kotor segmen                          277.140.228.197        97.244.341.444             40.249.356.639            414.633.926.280           Segment gross profit

      Beban umum dan administrasi                  279.184.638.184        98.537.587.059             19.068.117.706            396.790.342.949         Operating expenses
      Pendapatan lain-lain - bersih                            -                     -                4.633.773.564              4.633.773.564         Other income - net

      Laba sebelum pajak                                                                                                        13.209.809.767         Profit before tax
      Beban pajak                                                                                                                 (162.493.226)        Tax expense

      Laba bersih                                                                                                               13.047.316.541         Profit for the year

      Laporan Posisi Keuangan                                                                                                                          Consolidated Statement of
         Konsolidasian                                                                                                                                    Financial Position
      Aset                                                                                                                                             Assets
      Persediaan                                   323.837.826.868                    -                            -           323.837.826.868         Inventories
      Aset lainnya *)                                             -       39.594.509.514            983.935.485.201          1.023.529.994.715         Other assets *)

      Liabilitas                                                                                                                                       Liabilities
      Utang usaha                                  421.838.376.957                    -                         -              421.838.376.957         Trade accounts payable
      Liabilitas lainnya **)                                   -                      -              94.324.247.352             94.324.247.352         Other liabilities **)

      Informasi lainnya                                                                                                                                Other information
      Penyusutan dan amortisasi                     59.053.759.864                    -                            -            59.053.759.864         Depreciation and amortization

      *) tidak termasuk pajak dibayar dimuka dan aset pajak tangguhan/ not included prepaid taxes and deferred tax asset
      **) tidak termasuk utang pajak/excluding taxes payable




                                                                                          - 65 -
Page 259
PT ELECTRONIC CITY INDONESIA Tbk DAN                                                                                   PT ELECTRONIC CITY INDONESIA Tbk AND
ENTITAS ANAK                                                                                                                                    ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                                                            Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                                               For the Years Ended
31 Desember 2023 dan 2022                                                                                                             December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                                                             (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                                                                 unless Otherwise Stated)

                                                                                             2022
                                                    Penjualan
                                                     Barang
                                               Elektronik Bermerek/
                                                Sales of Branded
                                                    Electronic               Sewa/                   Lain-lain/                 Konsolidasian/
                                                      Goods                   Rent                    Others                    Consolidated

                                                                                                                                                      Consolidated Statement of Profit or
      Laporan Laba Rugi dan Penghasilan                                                                                                                 Loss and Other Comprehensive
        Komprehensif Lain Konsolidasian                                                                                                                 Income
      Pendapatan usaha - pihak eksternal         2.062.018.788.237        96.161.995.862              1.655.830.865             2.159.836.614.964     Revenues - external parties
      Beban pokok penjualan                      1.802.448.441.042                   -                          -               1.802.448.441.042     Cost of sales
      Hasil segmen                                                                                                                                    Segment results
        Laba kotor segmen                          259.570.347.195        96.161.995.862              1.655.830.865               357.388.173.922       Segment gross profit

      Beban umum dan administrasi                  262.121.859.132        90.424.943.464            24.829.365.160                377.376.167.756     Operating expenses
      Pendapatan lain-lain - bersih                            -                     -                 613.072.024                    613.072.024     Other income - net

      Laba sebelum pajak                                                                                                           (20.601.065.858)   Profit before tax
      Beban pajak                                                                                                                      542.075.461    Tax benefit

      Laba bersih                                                                                                                  (20.058.990.397)   Profit for the year

      Laporan Posisi Keuangan                                                                                                                         Consolidated Statement of
         Konsolidasian                                                                                                                                   Financial Position
      Aset                                                                                                                                            Assets
      Persediaan                                   271.963.733.091                    -                            -              271.963.733.091     Inventories
      Aset lainnya *)                                            -        44.511.406.944        1.405.961.776.925               1.450.473.183.869     Other assets *)

      Liabilitas                                                                                                                                      Liabilities
      Utang usaha                                  426.798.748.602                    -                        -                  426.798.748.602     Trade accounts payable
      Liabilitas lainnya **)                                   -                      -             75.156.927.638                 75.156.927.638     Other liabilities **)

      Informasi lainnya                                                                                                                               Other information
      Penyusutan dan amortisasi                     61.011.265.199                    -                            -               61.011.265.199     Depreciation and amortization

      *) tidak termasuk pajak dibayar dimuka dan aset pajak tangguhan/excluding prepaid taxes and deferred tax assets
      **) tidak termasuk utang pajak/excluding taxes payable




39.   Aset Moneter dalam Mata Uang Asing                                                             39.          Monetary Assets Denominated in Foreign
                                                                                                                  Currency

      Tabel berikut mengungkapkan                                jumlah         aset                              Below shows the consolidated foreign currency
      moneter konsolidasian:                                                                                      denominated monetary assets:

                                                            2023                                                         2022
                                          Mata Uang                   Ekuivalen Rp/                  Mata Uang                     Ekuivalen Rp/
                                         Asing/Original                Equivalent                   Asing/Original                  Equivalent
                                           Currency                      in Rp                        Currency                        in Rp

      Aset Lancar                                                                                                                                     Current Assets
       Kas dan setara kas                                                                                                                               Cash and cash equivalents
         Pihak ketiga                 USD        5.598.173             86.301.440.285        USD             5.613.635              88.172.788.193         Third parties

        Investasi jangka
          pendek                      USD        7.525.739            116.016.796.278        USD           12.754.585              200.642.375.220        Short-term investments

      Jumlah Aset                                                     202.318.236.563                                              288.815.163.413    Total Assets


      Pada tanggal 31 Desember 2023 dan 2022, kurs                                                                As of December 31, 2023 and 2022, the
      konversi yang digunakan Grup diungkapkan pada                                                               conversion rates used by the Group were
      Catatan 2 atas laporan keuangan konsolidasian.                                                              disclosed in Note 2 to consolidated financial
                                                                                                                  statements.




                                                                                          - 66 -
Page 260
PT ELECTRONIC CITY INDONESIA Tbk DAN                                            PT ELECTRONIC CITY INDONESIA Tbk AND
ENTITAS ANAK                                                                                             ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                     Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                        For the Years Ended
31 Desember 2023 dan 2022                                                                      December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                      (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                          unless Otherwise Stated)

40.   Perjanjian dan Ikatan                                        40.     Agreements and Commitments

      a.    Perjanjian Sewa - Grup sebagai Lessee                          a.     Lease Agreements - Group as Lessees

            Grup menandatangani beberapa perjanjian                               The Group entered into various lease
            sewa toko dan gudang. Periode sewa                                    agreements for use of stores and
            5 tahun dan sebagian besar perjanjian sewa                            warehouses. The lease terms are 5 years
            tersebut diperpanjang kembali pada akhir                              and the majority of the lease agreements are
            masa sewa dengan penyesuaian ke harga                                 renewable at the end of the lease period at
            pasar kini.                                                           the market rate.

            Penambahan aset hak-guna selama tahun-                                Additions to the right-of-use assets during
            tahun yang berakhir 31 Desember 2023 dan                              the years ended December 31, 2023 and
            2022      masing - masing sebesar                                     2022 amounted to Rp 41,055,944,623 and
            Rp 41.055.944.623 dan Rp 26.611.710.465.                              Rp 26,611,710,465, respectively.

            Laporan     laba    rugi dan penghasilan                              The consolidated statements of profit or
            komprehensif lain konsolidasian menyajikan                            loss    and other comprehensive income
            saldo berikut berkaitan dengan sewa:                                  shows the following amounts related to
                                                                                  leases:

                                                   2023                   2022

            Depresiasi aset hak-guna:                                                     Depreciation of right-of-use assets:
              Bangunan (Catatan 14)             25.485.375.827       25.764.773.680          Building (Note 14)
            Beban bunga atas                                                              Interest expense
              liabilitias sewa                   1.161.540.523           1.264.985.161       on lease liabilities
            Beban berkaitan dengan                                                        Expenses relating to
              sewa jangka pendek (Catatan 30)   98.537.587.058       90.424.943.464          short-term leases (Note 30)



      b.    Perusahaan menandatangani perjanjian                           b.     The      Company        entered      into  rent
            sewa tanah di kawasan SCBD dengan                                     agreement with PT Panduneka Sejahtera,
            PT Panduneka Sejahtera, pihak ketiga,                                 a third party, for a parcel of land in SCBD, for
            untuk jangka waktu 1 Januari 2019 sampai                              the period from January 1, 2019 until
            dengan 31 Maret 2020. Perjanjian ini telah                            March 31, 2020. This agreement has been
            diubah dengan perubahan terakhir terkait                              amended with the lastest changes regarding
            perpanjangan jangka waktu sampai dengan                               the extension of term until March 31, 2028.
            31 Maret 2028.

      c.    Perusahaan menandatangani perjanjian                           c.     The     Company      entered   into   area
            pengelolaan kawasan di kawasan SCBD                                   management agreement in SCBD area with
            dengan PT Danayasa Arthatama Tbk, pihak                               PT Danayasa Arthatama Tbk, a related
            berelasi, untuk jangka waktu dari 1 Januari                           party, for the period from January 1, 2020
            2020 sampai dengan 31 Desember 2020 dan                               until December 31, 2020 and has been
            telah    diperpanjang    sampai     dengan                            extended until December 31, 2024.
            31 Desember 2024.


41.   Pengungkapan Tambahan Laporan Arus Kas                       41.     Supplemental Disclosures on Consolidated
      Konsolidasian                                                        Statements of Cash Flows

      Aktivitas investasi dan pendanaan yang tidak                         The following are the noncash investing and
      mempengaruhi kas dan setara kas:                                     financing activities of the Group:

                                                  2023                   2022

      Penambahan aset guna usaha                                                            Lease liabilities arising from recognition
        melalui liabilitas sewa (Catatan (14)   8.692.299.188       2.426.757.680             of right of use assets (Note 14)




                                                          - 67 -
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PT ELECTRONIC CITY INDONESIA Tbk DAN                                                            PT ELECTRONIC CITY INDONESIA Tbk AND
ENTITAS ANAK                                                                                                             ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                                     Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                        For the Years Ended
31 Desember 2023 dan 2022                                                                                      December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                                      (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                                          unless Otherwise Stated)

42.   Rekonsiliasi Liabilitas Konsolidasian yang                                     42.    Reconciliation of Consolidated                     Liabilities
      Timbul dari Aktivitas Pendanaan                                                       Arising from Financing Activities

      Tabel berikut menjelaskan perubahan pada                                              The table below details changes in the Group’s
      liabilitas Grup yang timbul dari aktivitas                                            liabilities arising from financing activities, including
      pendanaan, yang meliputi perubahan terkait kas                                        both cash and non-cash changes:
      dan nonkas:

                                                                                          Perubahan           31 Desember/
                                   1 Januari/January 1 ,    Arus kas pendanaan/         Nonkas lainnya/       December 31 ,
                                          2023              Financing cash flows    Other non-cash changes        2023

      Liabilitas sewa pembiayaan        19.656.033.157          (32.363.645.435)            41.979.898.599      29.272.286.321    Lease liabilities


                                                                                          Perubahan            31 Desember/
                                   1 Januari/January 1 ,    Arus kas pendanaan/         Nonkas lainnya/        December 31 ,
                                          2022              Financing cash flows    Other non-cash changes         2022

      Liabilitas sewa pembiayaan         16.090.127.546          (11.780.922.095)            15.346.827.706      19.656.033.157    Lease liabilities
      Utang bank                         23.250.000.000          (23.250.000.000)                       -                   -      Bank loan

      Jumlah liabilitas dari                                                                                                       Total liabilities from
        aktivitas pendanaan              39.340.127.546          (35.030.922.095)            15.346.827.706      19.656.033.157      financing activities




43.   Standar Akuntansi               Keuangan             Baru dan                  43.    New Financial Accounting Standards and
      Penyesuaian   atas               Laporan             Keuangan                         Adjustment   of  Consolidated  Financial
      Konsolidasian                                                                         Statements

      Perubahan Pernyataan                  Standar         Akuntansi                       Changes to the Statements                    of      Financial
      Keuangan (PSAK)                                                                       Accounting Standards (PSAK)

      Diterapkan pada tahun 2023                                                            Adopted during 2023

      Dewan Standar Akuntansi Keuangan Ikatan                                               The Financial Accounting Standard Board of
      Akuntan Indonesia (DSAK-IAI) telah menerbitkan                                        Indonesian Institute of Accountant (DSAK-IAI) has
      amandemen dan interpretasi yang berlaku efektif                                       issued     the   following   amendments       and
      mulai 1 Januari 2023 sebagai berikut:                                                 interpretations which were effective on or after 1
                                                                                            January 2023 as follows:

      -       Amandemen PSAK No. 1, “Penyajian                                              -    Amendment to PSAK No. 1, “Presentation of
              Laporan Keuangan” tentang Pengungkapan                                             Financial Statements” regarding Disclosure of
              Kebijakan Akuntansi yang Mengubah Istilah                                          Accounting Policies that Change the Term
              “Signifikan” menjadi “Material” dan Memberi                                        “Significant” to “Material” and Provide
              Penjelasan mengenai Kebijakan Akuntansi                                            Explanations of Material Accounting Policies
              Material

          -   Amendemen PSAK 16 “Aset Tetap tentang                                         -     Amendments of PSAK 16 “Fixed Assets
              hasil sebelum penggunaan yang                                                       regarding proceeds before intended use”;
              diintensikan”;

      -       PSAK 25 “Kebijakan Akuntansi, Perubahan                                       -    PSAK 25 “Accounting Policies, Changes in
              Estimasi Akuntansi, dan Kesalahan”; dan                                            Accounting Estimates and Errors”; and

      -       Amendemen PSAK 46 “Pajak Tangguhan                                            -    Amendments of PSAK 46 “Deferred Tax on
              terkait Aset dan Liabilitas yang Timbul dari                                       Assets and Liabilities arising from a Single
              Transaksi Tunggal”.                                                                Transaction”.




                                                                          - 68 -
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PT ELECTRONIC CITY INDONESIA Tbk DAN                                          PT ELECTRONIC CITY INDONESIA Tbk AND
ENTITAS ANAK                                                                                           ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                   Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                      For the Years Ended
31 Desember 2023 dan 2022                                                                    December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                    (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                        unless Otherwise Stated)

      Standar Akuntansi Yang Telah diterbitkan Namun                      Accounting Standard Issued But Not Yet Effective
      Belum Berlaku Efektif

      Dewan Standar Akuntansi Keuangan Ikatan                             The Financial Accounting Standard Board of
      Akuntan Indonesia (DSAK-IAI) telah menerbitkan                      Indonesian Institute of Accountants (“DSAK-IAI”)
      standar baru, amandemen dan interpretasi                            has issued the following new standards,
      berikut, namun belum berlaku efektif untuk tahun                    amendments, and interpretations, but not yet
      buku yang dimulai pada 1 Januari 2023 sebagai                       effective for the financial year beginning January
      berikut:                                                            1, 2023 as follows:

      1 Januari 2024                                                      January 1, 2024

      -    Amendemen PSAK 1: “Penyajian Laporan                           -    Amendments of PSAK 1 “Presentation of
           Keuangan” terkait klasifikasi liabilitas                            Financial Statements” regarding classification
           sebagai jangka pendek atau jangka panjang                           of liabilities as current or non-current

      -    Amendemen PSAK 73: “Sewa” terkait                              -    Amendments of PSAK 1 73 “Leases”
           liabilitas sewa pada transaksi jual dan sewa-                       regarding lease liabilities in sale-and-lease
           balik.                                                              back transactions.

      Standar tersebut akan berlaku efektif pada                          The above standarads will be effective on
      1 Januari 2025                                                      January 1, 2025.

      Pada saat penerbitan laporan keuangan                               As at the completion date of these consolidated
      konsolidasian, Grup masih mengevaluasi dampak                       financial statements, the Group is still evaluating
      yang mungkin timbul dari penerapan standar baru                     the potential impact from the implementation of
      tersebut serta pengaruhnya pada laporan                             these new standards and the effect on the
      keuangan konsolidasian Grup.                                        Group’s consolidated financial statements.

      Mulai tanggal 1 Januari 2024, referensi terhadap                    Beginning January 1, 2024, references to the
      masing-masing PSAK dan ISAK akan diubah                             individual PSAK and ISAK will be changed as
      sebagaimana diumumkan oleh DSAK-IAI.                                published by DSAK-IAI.


44.   Informasi Keuangan Tambahan                                   44.   Supplementary Financial Information

      Informasi keuangan tambahan PT Electronic City                      The following supplementary financial information
      Indonesia Tbk (Induk Perusahaan) saja disajikan                     of PT Electronic City Indonesia Tbk (parent entity
      pada halaman i.1 sampai dengan halaman i.5.                         only) are on pages i.1 to pages i.5.


                                                       ********




                                                           - 69 -
Page 263
PT ELECTRONIC CITY INDONESIA Tbk                                                                                    PT ELECTRONIC CITY INDONESIA Tbk
Lampiran I: Laporan Posisi Keuangan Entitas Induk *)                                    Attachment I: Statements of Financial Position of the Parent Entity *)
31 Desember 2023 dan 2022                                                                                                      December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah, kecuali Dinyatakan Lain)                                   (Figures are Presented in Rupiah, unless Otherwise Stated)



                                                                       Catatan/
                                                        2023            Notes             2022

ASET                                                                                                      ASSETS

Aset Lancar                                                                                               Current Assets
Kas dan setara kas                                   290.249.081.311                  350.615.779.909     Cash and cash equivalents
Investasi jangka pendek                              116.016.796.278                  205.642.375.220     Short-term investments
Piutang usaha - setelah dikurangi
   cadangan kerugian penurunan nilai masing-                                                              Trade accounts receivable - net of allowance
   masing sebesar Rp 3.943.164.119 dan                                                                       for decline in value of Rp 3,943,164,119
   Rp 4.177.401.686 pada tanggal 31 Desember                                                                 and Rp 4,177,401,686 as of December 31, 2023
   2023 dan 2022                                      46.412.988.141                   23.258.482.444        and 2022, respectively
Piutang lain-lain                                     10.039.832.063                   14.164.619.068     Other accounts receivable
Persediaan - setelah dikurangi
   cadangan kerugian penurunan nilai                                                                      Inventories - net of allowance
   masing-masing sebesar Rp 36.725.673.013                                                                   for decline in value of Rp 36,725,673,013 and
   dan Rp 50.396.465.750 pada tanggal                                                                        Rp 50,396,465,750 as of December 31, 2023
   31 Desember 2023 dan 2022                         313.123.220.630                  270.474.755.720        and 2022, respectively
Pajak dibayar dimuka                                  25.142.084.403                   20.349.181.833     Prepaid taxes
Biaya dibayar dimuka                                  39.591.430.255                   44.511.406.944     Prepaid expenses
Uang muka                                             34.858.469.427                   70.558.176.866     Advances
Jumlah Aset Lancar                                   875.433.902.508                  999.574.778.004     Total Current Assets

Aset Tidak Lancar                                                                                         Noncurrent Assets
Piutang pihak berelasi                               269.464.238.328                  252.539.712.317     Due from related parties
Aset pajak tangguhan                                     201.941.882                      329.104.310     Deferred tax assets
Investasi pada entitas anak                          157.896.268.706                  152.946.268.706     Investment in subsidiaries
Aset tetap - setelah dikurangi akumulasi                                                                  Property and equipment - net of accumulated
   penyusutan masing-masing sebesar                                                                          depreciation of Rp 338,570,319,232 and
   Rp 338.570.319.232 dan Rp 353.459.629.702                                                                 Rp 353,459,629,702 as of December 31, 2023
   pada tanggal 31 Desember 2023 dan 2022            270.045.764.341                  274.961.150.768        and December 31, 2022, respectively
Aset-hak-guna - setelah dikurangi akumulasi                                                               Right-of-use assets - net of accumulated
   penyusutan masing-masing sebesar                                                                          depreciation of Rp 56,786,552,457
   Rp 56.786.552.457 dan Rp 70.525.421.911                                                                   and Rp 70,525,421,911 as of
   pada tanggal 31 Desember 2023 dan 2022             60.540.692.928                   45.262.651.402        December 31, 2023 and 2022, respectively
Aset lain-lain                                        43.940.217.830                   24.639.960.484     Other assets
Aset pengampunan pajak                                 4.073.212.500                    4.073.212.500     Tax amnesty asset
Jumlah Aset Tidak Lancar                             806.162.336.515                  754.752.060.487     Total Noncurrent Assets

JUMLAH ASET                                        1.681.596.239.023                1.754.326.838.491     TOTAL ASSETS




*) Menggunakan metode biaya                                                       *) Using cost method




                                                                       - i.1 -
Page 264
PT ELECTRONIC CITY INDONESIA Tbk DAN ENTITAS ANAK                                              PT ELECTRONIC CITY INDONESIA Tbk AND ITS SUBSIDIARY
Lampiran I: Laporan Posisi Keuangan Entitas Induk *)                                     Attachment I: Statements of Financial Position of the Parent Entity *)
31 Desember 2023 dan 2022                                                                                                       December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah, kecuali Dinyatakan Lain)                                    (Figures are Presented in Rupiah, unless Otherwise Stated)



                                                                        Catatan/
                                                        2023             Notes             2022

LIABILITAS DAN EKUITAS                                                                                     LIABILITIES AND EQUITY

Liabilitas jangka pendek                                                                                   Current Liabilities
Utang usaha                                                                                                Trade accounts payable
   Pihak ketiga                                      394.354.571.167                   426.518.538.512        Third parties
Utang lain-lain                                                                                            Other accounts payable
   Pihak berelasi                                      1.948.735.000                     2.300.861.738        Related party
   Pihak ketiga                                        5.827.168.660                     4.897.819.177        Third parties
Utang pajak                                            8.575.561.974                    12.318.026.883     Taxes payable
Beban akrual                                          15.460.161.444                    11.602.900.791     Accrued expenses
Uang muka pelanggan                                    4.448.587.750                     6.504.883.360     Customers' advances
Pendapatan sewa diterima dimuka                        2.201.102.806                       612.817.916     Unearned rent revenue
Bagian liabilitas jangka panjang yang
   akan jatuh tempo dalam
   waktu satu tahun:                                                                                       Current portion of short-term liabilities:
   Liabilitas sewa pembiayaan                         11.715.971.266                      9.725.681.334      Lease liabilities
Jumlah Liabilitas Jangka Pendek                      444.531.860.067                   474.481.529.711     Total Current Liabilities

Liabilitas Jangka Panjang                                                                                  Noncurrent Liabilities
Liabilitas jangka panjang - setelah
   dikurangi bagian yang akan jatuh                                                                        Long-term liabilities - net of current portion:
   tempo dalam waktu satu tahun                       17.556.315.055                     9.930.351.823        Lease liabilities
Liabilitas imbalan kerja jangka panjang                2.085.250.000                     2.280.250.000     Long-term employee benefits liability
Utang kepada pihak berelasi                           32.186.324.321                    27.102.546.992     Due to a related party
Setoran jaminan                                        2.148.849.112                     1.936.313.657     Security deposits
Jumlah Liabilitas Jangka Panjang                      53.976.738.488                    41.249.462.472     Total Noncurrent Liabilities
Jumlah Liabilitas                                    498.508.598.555                   515.730.992.183     Total Liabilities

EKUITAS                                                                                                    EQUITY
Modal saham - nilai nominal masing-                                                                        Capital stock - Rp 100 par value
   masing sebesar Rp 100 per saham                                                                            per share
   Modal ditempatkan dan disetor -                                                                            Issued and paid-up - 1,334,333,000
       1.334.333.000 saham                           133.433.300.000                   133.433.300.000            shares
Tambahan modal disetor                             1.212.186.101.898                 1.223.693.710.389     Additional paid-in capital
Saham treasuri - masing -masing sebesar              (83.071.531.635)                 (115.677.390.125)    Treasury shares - 119,451,195 and
   119.451.195 dan 166.336.195 saham                                                                          166,336,195 shares as of December 31, 2023
   pada tanggal 31 Desember 2023 dan 2022                                                                     and 2022, respectively
Saldo laba                                                                                                 Retained earnings
   Ditentukan penggunaanya                             1.000.000.000                                 -        Appropriated
   Tidak ditentukan penggunaanya                     108.686.084.427                   101.666.961.324        Unappropriated
Rugi yang belum direalisasi atas perubahan                                                                 Unrealized loss on change in fair value
   nilai wajar aset keuangan diukur pada nilai                                                                financial assets at fair value through
   wajar melalui penghasilan komprehensif lain      (189.146.314.222)                 (104.520.735.280)       other comprehensive income
Jumlah Ekuitas                                     1.183.087.640.468                 1.238.595.846.308     Total Equity

JUMLAH LIABILITAS DAN EKUITAS                      1.681.596.239.023                 1.754.326.838.491     TOTAL LIABILITIES AND EQUITY




*) Menggunakan metode biaya                                                        *) Using cost method




                                                                        - i.2 -
Page 265
PT ELECTRONIC CITY INDONESIA Tbk                                                                                           PT ELECTRONIC CITY INDONESIA Tbk
Lampiran II : Laporan Laba Rugi Komprehensif Entitas Induk *)                      Attachment II: Statements of the Comprehensive Income of the Parent Entity *)
Untuk Tahun-tahun yang Berakhir 31 Desember 2023 dan 2022                                                        For the Years Ended December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah, kecuali Dinyatakan Lain)                                          (Figures are Presented in Rupiah, unless Otherwise Stated)



                                                                          Catatan/
                                                         2023              Notes                 2022

PENDAPATAN                                          2.437.056.555.350                      2.190.703.538.836     REVENUES

BEBAN POKOK PENJUALAN                               2.025.859.839.224                      1.801.259.490.251     COST OF SALES

LABA KOTOR                                           411.196.716.126                         389.444.048.585     GROSS PROFIT

Beban usaha                                          (392.985.796.980)                      (375.637.797.359)    Operating expenses
Pendapatan bunga                                       10.223.437.811                          3.924.787.410     Interest income
Kerugian penjualan dan penghapusan                                                                               Loss on sale of property
   aset tetap                                             (10.760.089)                           (956.376.530)       and equipment
Biaya keuangan                                         (1.161.534.196)                         (2.895.909.963)   Finance charges
Pajak final                                           (10.355.979.853)                         (9.787.153.753)   Final tax
Pendapatan (beban) lainnya - bersih                    (2.759.218.728)                          9.391.944.758    Other income (expense) - net

LABA SEBELUM PAJAK                                    14.146.864.091                          13.483.543.148     PROFIT BEFORE TAX

MANFAAT (BEBAN) PAJAK                                    (162.493.226)                           542.075.461     TAX (EXPENSES) BENEFIT

LABA TAHUN BERJALAN                                   13.984.370.865                          14.025.618.609     PROFIT FOR THE YEAR

RUGI KOMPREHENSIF LAIN                                                                                           OTHER COMPREHENSIVE LOSS
                                                                                                                 Items that will be reclassified subsequently to
Pos yang akan direklasifikasi ke laba rugi                                                                          profit and loss
  Rugi yang belum direalisasi atas perubahan                                                                        Unrealized loss on change in fair value of
      nilai wajar aset keuangan diukur pada nilai                                                                       AFS investments - reclassified to profit
      wajar melalui penghasilan komprehensif lain     (84.625.578.942)                      (191.570.620.588)           and loss
                                                                                                                 Items that will not be reclassified subsequently
Pos yang tidak akan direklasifikasi ke laba rugi:                                                                   to profit and loss:
  Pengukuran kembali liabilitas imbalan pasti            (160.594.535)                         9.254.847.606        Remeasurement of defined benefit liability
  Pajak terkait pengukuran kembali liabilitas                                                                       Tax on remeasurement of defined benefit
      imbalan pasti                                       35.330.798                           (2.036.066.473)          liability

RUGI KOMPREHENSIF LAIN                                                                                           OTHER COMPREHENSIVE LOSS - NET
  SETELAH PAJAK                                       (84.750.842.679)                      (184.351.839.455)      OF TAX

JUMLAH PENGHASILAN KOMPREHENSIF                       (70.766.471.814)                      (170.326.220.846)    TOTAL COMPREHENSIVE INCOME




*) Menggunakan metode biaya                                                             *) Using cost method



                                                                         - i.3 -
Page 266
PT ELECTRONIC CITY INDONESIA Tbk                                                                                                                                                                                             PT ELECTRONIC CITY INDONESIA Tbk
Lampiran III: Laporan Perubahan Ekuitas Entitas Induk *)                                                                                                                                      Attachment III: Statements of Changes in Equity of the Parent Entity *)
Untuk Tahun-tahun yang Berakhir 31 Desember 2023 dan 2022                                                                                                                                                          For the Years Ended December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah, kecuali Dinyatakan Lain)                                                                                                                                          (Figures are Presented in Rupiah, unless Otherwise Stated)



                                                                                                     Ekuitas yang Dapat Diatribusikan kepada Pemilik Entitas Induk/Equity Attributable to Owners of the Parent Company
                                                                                                                                                                                                         Rugi yang belum direalisasi
                                                                                                                                                                                                         atas perubahan nilai wajar
                                                                                                                                                                                                         aset keuangan diukur pada
                                                                                                                                                                                                      nilai wajar melalui penghasilan
                                                                                                                                                               Saldo Laba / Retained Earning                  komprehensif lain/
                                                                                   Modal                  Tambahan                   Saham                                            Tidak            Unrealized loss on change
                                                                                  Saham/                Modal Disetor/               Tresuri/              Ditentukan              Ditentukan          in fair value financial assets
                                                                            Issued and Paid Up            Additional                Treasury           Penggunaannya/            Penggunaanya/            at fair valuethrough other          Jumlah Ekuitas/
                                                                               Capital Stock           Paid-in Capital               Shares                Apropriate             Unapropriate             comprehensive income                Total Equity

Saldo pada tanggal 1 Januari 2022/
  Balance as of January 1, 2022                                                 133.433.300.000         1.223.693.710.389          (115.677.390.125)                 -              80.422.561.582                   87.049.885.308               1.408.922.067.154

Penghasilan Komprehensif/Comprehensive Income

  Laba (rugi) tahun berjalan bersih/Profit (loss) for the year                              -                             -                     -                    -              14.025.618.609                              -                    14.025.618.609

Penghasilan Komprehensif Lain/Other Comprehensive Income

  Rugi yang belum direalisasi atas perubahan nilai wajar aset keuangan
   diukur pada nilai wajar melalui penghasilan komprehensif lain
   Unrealized loss on change in fair value financial assets at fair value
   through other comprehensive income                                                       -                             -                     -                    -                         -                   (191.570.620.588)               (191.570.620.588)

  Pengukuran kembali liabilitas imbalan kerja jangka panjang - bersih/
   Remeasurement of long-term employee benefits liability - net                             -                             -                     -                    -               7.218.781.133                              -                     7.218.781.133

  Jumlah Penghasilan (Rugi) Komprehensif/
  Total Comprehensive Income (Loss)                                                         -                             -                     -                    -              21.244.399.742                 (191.570.620.588)               (170.326.220.846)

Transaksi dengan pemilik/ Transaction with owners

  Saham treasuri/ Treasury shares                                                                -                            -                     -                    -                         -                                -                              -

Saldo pada tanggal 31 Desember 2022/
  Balance as of December 31, 2022                                               133.433.300.000         1.223.693.710.389          (115.677.390.125)                 -             101.666.961.324                 (104.520.735.280)              1.238.595.846.308

Penghasilan Komprehensif/Comprehensive Income

  Laba (rugi) tahun berjalan bersih/Profit (loss) for the year                              -                             -                     -                    -              13.984.370.865                              -                    13.984.370.865

Penghasilan Komprehensif Lain/Other Comprehensive Income

  Rugi yang belum direalisasi atas perubahan nilai wajar aset keuangan
   diukur pada nilai wajar melalui penghasilan komprehensif lain
   Unrealized loss on change in fair value financial assets at fair value
   through other comprehensive income                                                       -                             -                     -                    -                         -                    (84.625.578.942)                (84.625.578.942)
  Pengukuran kembali liabilitas imbalan kerja jangka panjang - bersih/
   Remeasurement of long-term employee benefits liability - net                             -                             -                     -                    -                (125.263.737)                             -                      (125.263.737)

  Jumlah Penghasilan (Rugi) Komprehensif/
  Total Comprehensive Income (Loss)                                                         -                             -                     -                    -              13.859.107.128                  (84.625.578.942)                (70.766.471.814)
Transaksi dengan pemilik/ Transaction with owners
  Saham treasuri/ Treasury shares                                                                -        (11.507.608.491)           32.605.858.490                    -                       -                                    -                21.098.249.999
  Dividen tunai/Cash dividends                                                                   -                      -                         -                    -            (5.839.984.025)                                 -                (5.839.984.025)
  Pembentukan cadangan umum/ Appropriation for general reserve                                   -                      -                         -        1.000.000.000            (1.000.000.000)                                 -                             -

Saldo pada tanggal 31 Desember 2023/
  Balance as of December 31, 2023                                               133.433.300.000         1.212.186.101.898           (83.071.531.635)       1.000.000.000           108.686.084.427                 (189.146.314.222)              1.183.087.640.468

*) Menggunakan metode biaya/
*) Using cost method



                                                                                                                - i.4 -
Page 267
PT ELECTRONIC CITY INDONESIA Tbk                                                                                       PT ELECTRONIC CITY INDONESIA Tbk
Lampiran IV: Laporan Arus Kas Entitas Induk *)                                                 Attachment IV: Statements of Cash Flows of the Parent Entity *)
Untuk Tahun-tahun yang Berakhir 31 Desember 2023 dan 2022                                                    For the Years Ended December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah, kecuali Dinyatakan Lain)                                      (Figures are Presented in Rupiah, unless Otherwise Stated)



                                                          2023                          2022

ARUS KAS DARI AKTIVITAS OPERASI                                                                          CASH FLOWS FROM OPERATING ACTIVITIES
Penerimaan dari pelanggan                            2.504.240.700.490             2.165.440.355.753     Cash receipts from customers
Pembayaran kepada pemasok                           (2.419.813.444.851)           (1.825.757.766.036)    Cash paid to suppliers
Penerimaan pendapatan bunga                             10.223.437.811                 6.435.337.837     Interest income received
Pembayaran (kepada) / dari karyawan dan lainnya       (118.766.012.639)             (322.255.483.298)    Cash paid (to) / from employees and others
Kas bersih diperoleh dari                                                                                Net cash generated
  (digunakan untuk) operasi                            (24.115.319.189)              23.862.444.256          (used in) from operations
Penerimaan restitusi pajak                               8.641.709.266                7.616.636.443      Receipt of tax refund
Pembayaran pajak final                                 (10.355.979.853)              (6.215.899.735)     Final tax paid
Kas Bersih Diperoleh dari                                                                                Net Cash Provided by
  (Digunakan untuk) Aktivitas Operasi                  (25.829.589.776)              25.263.180.964          (Used in) Operating Activities

ARUS KAS DARI AKTIVITAS INVESTASI                                                                        CASH FLOWS FROM INVESTING ACTIVITIES
Pengembalian uang muka                                  49.787.500.000                            -      Return of advances
Hasil penjualan aset tetap                                 102.056.000                   25.200.000      Proceeds from sale of property and equipment
Pencairan aset yang dijaminkan                                       -               50.000.000.000      Proceeds from restricted assets
Pencairan kontrak pengelolaan dana                                   -               30.000.000.000      Proceeds from fund management contract
Penempatan uang muka                                                 -              (17.200.000.000)     Placements of advances
Piutang lain-lain yang diberikan                       (14.000.000.000)              (5.000.000.000)     Other receivable given
Perolehan aset tetap                                   (26.876.071.692)             (16.431.242.036)     Acquisitions of property and equipment
Kas Bersih Diperoleh dari                                                                                Net Cash Provided by Investing
   Aktivitas Investasi                                  9.013.484.308                41.393.957.964         Activities

ARUS KAS DARI AKTIVITAS PENDANAAN                                                                        CASH FLOWS FROM FINANCING ACTIVITIES
Penerimaan penjualan saham treasuri                      21.034.875.250                           -      Proceeds of treasury share sell
Penerimaan pinjaman bank                                              -              16.500.000.000      Proceeds from bank loans
Pelunasan pinjaman bank                                               -             (39.750.000.000)     Repayment from bank loans
Pembayaran bunga                                                      -              (2.798.514.102)     Interest paid
Pembayaran dividen                                      (5.839.984.025)                           -      Dividends paid
Penerimaan piutang pihak berelasi                       (9.262.312.909)                           -      Receipt from amount due from related parties
Pembayaran kepada pihak berelasi                       (17.119.526.011)                           -      Payment to related party
Pembayaran utang sewa pembiayaan                       (32.363.645.435)             (11.780.922.095)     Payment of lease liabilities
Kas Bersih Digunakan untuk
   Aktivitas Pendanaan                                 (43.550.593.130)             (37.829.436.197)     Net Cash Used in Financing Activities

KENAIKAN (PENURUNAN) BERSIH                                                                              NET INCREASE (DECREASE) IN CASH AND
  KAS DAN SETARA KAS                                   (60.366.698.598)              28.827.702.731        CASH EQUIVALENTS

                                                                                                         CASH AND CASH EQUIVALENTS
KAS DAN SETARA KAS AWAL TAHUN                         350.615.779.909               321.788.077.178        AT THE BEGINNING OF THE YEAR

                                                                                                         CASH AND CASH EQUIVALENTS
KAS DAN SETARA KAS AKHIR TAHUN                        290.249.081.311               350.615.779.909        AT THE END OF THE YEAR




*) Menggunakan metode biaya                                                                                 *) Using cost method




                                                                        - i.5 -
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Names mentioned 149 people and organisations named in the text · linked when the evidence is strong

linked org Electronic City Indonesia Tbk p.3 ×424
linked person Widi Satya Chitra · President Director p.4 ×25
linked org Artha Graha p.21 ×7
linked person Lyvia Mariana · Direktur Director p.37 ×18
linked person Roland Hutapea · Direktur Director p.38 ×18
linked person Dedy Djafarli · Direktur Keuangan p.38 ×21
linked person Tri Agus Winarko p.38 ×7
linked org PT Graha Surya Kirana p.45 ×9
linked org Lippo Cikarang p.49 ×2
linked person Rahmat Adi Sutikno Halim · President Commissioner p.58 ×13
linked org Ramayana Lestari Sentosa Tbk p.68 ×5
linked person Vivi Henny | Vivi Henny · Commissioner p.70 ×17
linked person Ismail Apipuddin p.71
linked org Reksa Dana Sucorinvest p.73 ×2
linked — CREDIT SUISSE (SINGAPORE p.73 ×2
linked — KPD SIMAS EQUITY p.73
linked org The Northern Trust p.73
linked org DBS BANK LTD S/A p.73 ×2
linked — UBS AG SINGAPORE p.73
linked org MALAYAN BANKING BERHAD p.73
linked org Dana Pensiun p.75
linked org Pantai Indah Kapuk p.81
linked org Lippo Karawaci p.81
possible org Otoritas Jasa Keuangan p.4 ×12
possible — Central Business p.4 ×12
possible org Bursa Efek Indonesia p.5 ×13
possible org Negara Republik Indonesia p.45
possible org UOB Kay Hian Pte Ltd p.45 ×2
possible — DBS VICKERS p.73
possible — UBS SWITZERLAND p.73
possible — Program ESA p.78
possible person Ahmad Yani p.82
possible person Gatot Subroto p.82
possible person Zainal Abidin p.82
possible person Wiradi · President Director p.111 ×8
unresolved org Financial Services Authority p.4 ×10
unresolved org Indonesia Stock Exchange p.5 ×8
unresolved org PT Artha Harapan Gemilang Name p.18
unresolved org PT Artha Harapan Gemilang p.18
unresolved org PT Graha p.19 ×4
unresolved org PT Graha Bali Center. Sudirman Center. p.19
unresolved org PT Graha Bali Center. p.19 ×6
unresolved org PT Graha Sudirman Center. p.19 ×4
unresolved org PT Graha Bandung p.19
unresolved org PT Graha Sudirman p.19 ×2
unresolved org PT Graha Karawaci p.19
unresolved org PT Graha Artha Sentosa p.19
unresolved org PT Electronic City p.19 ×11
unresolved org PT Graha Puri Center p.19 ×3
unresolved org PT Graha Bandung Center p.19
unresolved org PT Graha Karawaci Center p.19
unresolved org Indonesia Tbk p.19 ×22
unresolved org Green Pramuka Electronic City Indonesia Tbk p.20
unresolved org Bank Lippo Mall Cikarang p.21
unresolved org PT Electronic City Recipient p.23 ×10
unresolved org PT LG Electronics Organizer p.24
unresolved org PT Sony Indonesia Organizer p.24 ×3
unresolved org PT Sony Indonesia p.24 ×2
unresolved org Kota Nusantara p.33 ×2
unresolved org Bank Indonesia p.35 ×10
unresolved org PT Electronic City Semoga p.42
unresolved person Myra Yuwono p.45 ×2
unresolved org Menteri Kehakiman dan Hak Asasi Manusia Republik Indonesia p.45
unresolved org PT Artha Graha Network p.45 ×3
unresolved org PT Graha Sudirman Center. Kemudian p.46
unresolved org PT Graha Sudirman Center. Then p.46
unresolved org PT Graha Artha Sentosa Sejati p.46 ×2
unresolved org PT Graha Puri Center. Selanjutnya p.46
unresolved person Notary Humberg Lie p.57 ×46
unresolved org Danayasa Arthatama Tbk p.57 ×12
unresolved org PT Artha Telekomindo p.57 ×2
unresolved org PT Dharma Harapan Raya p.57 ×6
unresolved org PT Citra Wiradaya p.57 ×2
unresolved org PT Jakarta International Hotels p.57 ×14
unresolved org Development Tbk p.57 ×14
unresolved org PT Pacific Place p.57 ×2
unresolved org PT Sasana Cakara Mekar Jaya p.58 ×2
unresolved org PT Buanagraha Arthaprima p.58 ×2
unresolved org PT Sari Graha Arthatama p.58 ×2
unresolved org Penggerang Private Ltd. p.60 ×2
unresolved org PT Jakarta International Hotel p.60 ×2
unresolved org PT Electronic City IndonesiaTbk p.63
unresolved org PT ElectronicCity IndonesiaTbk p.63
unresolved org PT Brataco Chemika Work Experience p.64
unresolved org PT Ayu Agung p.64 ×2
unresolved org PT Brataco Chemika p.64
unresolved org PT Sterling Winthrop p.65 ×2
unresolved org PT Sanofi p.65 ×2
unresolved org PT Dos Ni Roha p.65 ×2
unresolved org PT Bangun Adi Perkasa p.65 ×2
unresolved org PT Mekar Unggul Sari p.65 ×2
unresolved org PT Multi Work Experience p.67
unresolved org PT Toshiba Visual Media Network Indonesia p.67 ×2
unresolved org PT Sharp Electronics Indonesia p.67 ×2
unresolved org PT Multi Alam Elok p.67
unresolved person Affiliation · Director p.67 ×3
unresolved — Served · Corporate Secretary p.68
unresolved org China Aluminum Corporation p.69 ×2
unresolved org PT Tirta Wahana Bali Internasional p.69 ×2
unresolved person Karjadi · Wakil Komisaris Utama p.70 ×3
unresolved person Vice · Komisaris p.70
unresolved org PT Artha Graha Peduli p.71 ×2
unresolved org PT Electronic City Appointment History p.72
unresolved org Saham UOB Kay Hian Pte Ltd p.73
unresolved org Reksa Dana Sucorinvest Equity Fund p.73
unresolved org EQUITY FUND DBS BANK LTD p.73 ×2
unresolved org PT SUCOR SEKURITAS p.73
unresolved org City Indonesia Tbk p.76
unresolved org PT Kirana Cipta Propertindo p.76
unresolved org PT Griya Pusaka Propertindo p.76
unresolved org PT Elang Cakrawala Inti p.76
unresolved org PT Grooceries City Indonesia p.76
unresolved org PT KIRANA CIPTA PROPERTINDO Identitas Perusahaan p.78
unresolved org PT GRIYA PUSAKA PROPERTINDO Identitas Perusahaan p.79
unresolved org Minister of Law and Human Rights Decree p.79
unresolved org PT ELANG CAKRAWALA INTI Identitas Perusahaan p.79
unresolved org Minister of Law and Human Rights p.79 ×4
unresolved org PT GROOCERIES CITY INDONESIA Identitas Perusahaan p.80
unresolved org Minister of Law p.80 ×2
unresolved org Kantor Akuntan Publik Public Accounting Firm Nama p.80
unresolved org Mirawati Sensi Idris p.80 ×3
unresolved person Cost Humberg Lie p.80
unresolved person Ir. H. Djuanda p.81
unresolved person KH Noer Alie p.82
unresolved person H. Usmar Ismail p.82
unresolved person KH Abdullah bin Nur p.82
unresolved person H. A Bastari p.83
unresolved person H. Abdul Silondae p.83
unresolved person Piagam · Komisaris p.84
unresolved org Pusat Statistik p.87
unresolved org Pusat p.87
unresolved org Ministry of Trade p.88
unresolved org Kementerian Perdagangan Indonesia p.88
unresolved org Kantor Akuntan Publik Mirawati Sensi Idris p.89 ×5
unresolved org Moore Global Network Limited p.89 ×11
unresolved org Otoritas Jasa Keuangan Republik Indonesia p.99
unresolved person Hartono Tjahjadi Adiwana · President Commissioner p.111 ×6
unresolved person Ku Siew Kuan · Commissioner p.111 ×5
unresolved person Ratu Tisha Destria · Commissioner p.111 ×5
unresolved person Josephine Sukmadewi Karjadi · President Commissioner p.111 ×6
unresolved person Lenny Susilawaty Jamadi · Direktur Director p.111 ×20
unresolved org FA Tri Agus Winarko HS · Direktur Director p.111 ×2
unresolved person Supervisory Task · Komisaris p.111
unresolved org Kantor Akuntan Publik Mirawati Sensi p.111
unresolved org Mirawati p.112 ×2
unresolved org Moore Global Network Global Network Limited p.112
unresolved org Sensi Idris p.113
unresolved org Menteri Hukum dan Hak Asasi p.113 ×2
unresolved org Menteri Hukum dan Hak Asasi Manusia Republik p.114 ×2

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